(LNG Allies, 27.Apr.2022) — The US Department of Energy (DOE) approved the requests from two US LNG export project sponsors to increase the volume of US natural gas that can be exported from their facilities: Golden Pass LNG in Sabine Pass, Texas, was authorized to increase the volume of its […]
Category: USA
Antero Resources Reports 1Q:22 Results
(Antero, 27.Apr.2022)  — Antero Resources Corporation (NYSE: AR) announced its first quarter 2022 financial and operating results. The relevant consolidated financial statements are included in Antero Resources’ Quarterly Report on Form 10-Q for the quarter ended 31 March 2022. First Quarter 2022 Highlights Include: Net production averaged 3.2 Bcfe/d, including 160 MBbl/d of liquids […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartĂn Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]
Repsol Commences Producing Electricity at Jicarilla 2, its First Solar Plant in the US
(Repsol, 27.Apr.2022) — Repsol started producing electricity at its first photovoltaic plant in the United States, called Jicarilla 2, in the state of New Mexico. The facility, located on Jicarilla Apache Nation lands in Rio Arriba County, has a total installed capacity of 62.5 megawatts (MW). Jicarilla 2 will be able […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]
US Ditches Trump-era Policies for Alaska Oil Reserve
(Reuters, 25.Apr.2022) — The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management, part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 […]
NRGBriefs: Argentina’s Finance Minister MartĂn Guzmán Meets with IMF Executive
(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister MartĂn Guzmán holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath; and between 82% and 96% of the entire Venezuelan population is said to not have access […]
Exxon Ban on LGBTQ Pride Flag Triggers Employee Backlash
(Bloomberg, 22.Apr.2022) — Exxon Mobil Corp. plans to prohibit the LGBTQ-rights flag from being flown on the corporate flagpole outside its offices during Pride month in June, prompting a furious backlash from Houston-based employees. Exxon updated company guidance on what flags can be displayed outside its offices, banning “external position […]
Greenfield Offers Energy Decommissioning for the Rocky Mountains
(Greenfield, 22.Apr.2022) — Greenfield Environmental Solutions, a decommissioning services provider for the energy sector, announced today the commencement of plugging and abandonment (“P&A”) operations in the Rocky Mountains region, including Colorado, New Mexico, Utah and Wyoming as well as the Williston Basin region in North Dakota and Montana. Greenfield is an end-to-end solutions provider for plugging and abandonment services to the […]
Third Coast Announces First Oil From the King’s Quay Floating Production System
(Third Coast, 22.Apr.2022) — Third Coast Super Holdings, LLC announced that the King’s Quay Floating Production System achieved first oil from the Khaleesi, Mormont and Samurai fields on 12 April 2022. Third Coast owns 50% of King’s Quay FPS, which is also owned in part by entities managed by Ridgewood Energy Corporation, including ILX […]
CEMEX Supplies Low-carbon Vertua® Concrete for New San Diego State University Stadium
(CEMEX, 21.Apr.2022) — CEMEX USA is supporting the construction of San Diego State University‘s (SDSU) new Snapdragon Stadium, supplying the company’s low-carbon concrete, Vertua®, and other sustainable mixes for the new state-of-the-art, 35,000-seat, multi-use facility in San Diego, Calif. General contractor Clark Construction Group broke ground on the stadium in August 2020 with Pacific Southwest Structures, […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario MartĂnez participating in an official ceremony in Loma Campana to inaugurate the NĂ©stor Kirchner Gas Pipeline […]
LNG Exports Continue to Lead Growth in US Natural Gas Exports
(EIA, 20.Apr.2022) — Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown significantly. In our Short-Term Energy Outlook (STEO), we forecast that LNG exports will continue to lead the growth […]
Braskem to Participate at RAPID + TCT 2022 Conference
(Braskem, 20.Apr.2022) — Braskem (B3: BRKM3, BRKM5, and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its upcoming presence at Rapid + TCT, North America’s largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from 17-19 May 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the […]
Press Conference Offered by Prime Minister of The Republic of the Congo
(Republic of Congo, 19.Apr.2022) — In the wake of successful meetings in London and Paris, including meetings in The Republic of the Congo’s capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame in Washington, DC. WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo WHAT: Press Conference. The […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
Holcim US Transitions Illinois Facility to Low-Carbon Portland Limestone Cement
(Holcim, 19.Apr.2022) — Following its recent rebrand and continuing its commitment to building progress for people and the planet, Holcim US announced that its Lafarge Joppa cement plant, located in Grand Chain, Illinois, has transitioned to OneCem® Portland limestone cement (PLC) production. The announcement follows the successful transitions to the lower CO2-intensive product […]
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Halliburton Announces 1Q:22 Results [PDF Download]
(Halliburton, 19.Apr.2022) — Halliburton Company (NYSE: HAL) announced net income of $263mn, or $0.29 per diluted share, for the first quarter of 2022. This compares to net income for the first quarter of 2021 of $170mn, or $0.19 per diluted share. Adjusted net income for the first quarter of 2022, […]
PHX Minerals Inc. Announces Acquisition in the Haynesville
(PHX Minerals, 19.Apr.2022) — PHX Minerals Inc. (NYSE: PHX) announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments. The transaction will be funded with a combination […]
Atlanta Gas Light Reveals Expansion of LNG Facility in Cherokee County
(Atlanta Gas Light, 19.Apr.2022) — Atlanta Gas Light announced the expansion of its liquified natural gas (LNG) facility in Cherokee County. The project will double the facility’s capacity and will allow the company to stay ahead of projected natural gas demands in this fast-growing region for years to come. The project […]
Encore Energy Provides Update on Rosita Uranium Plant
(encore, 18.Apr.2022) — enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) announced the refurbishment of its 100% owned Rosita In-Situ Recovery (ISR) Uranium Processing Plant is presently 90% complete with an expected completion date in May 2022. The plant modernization and refurbishment is essential to the company goal of becoming the next producer […]
Petrobras Starts Binding Phase of E&P Assets in the Gulf of Mexico
(Petrobras, 18.Apr.2022) — Petrobras, following up on the release disclosed on 16 February 2022, informs it started the binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which […]
Santos Reveals Pikka FID and Net-zero Project Plans
(Santos, 17.Apr.2022) — Santos Ltd., as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6bn gross (US$1.3bn Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce […]
Mexico’s Electricity Reform Draws Opposition from Investors, US
(The Washington Post, 16.Apr.2022) — Mexico’s congress will decide on Sunday whether to give the government near-total control over the country’s electricity sector in what analysts consider one of the biggest threats to the country’s private sector in years, moving away from the production of clean energy, jeopardizing foreign investment […]
Colombia’s President Iván Duque Touts Oil Production Potential
(Energy Analytics Institute, 14.Apr.2022) — Colombia’s President Iván Duque talked about Colombia’s oil production potential, coal production, and Colombia’s relationship with the US during a televised interview with Bloomberg during his trip to New York. Excerpts from his interview follow. Highlights — Colombia has a chance to sale more oil […]
Earthstone Closes Bighorn Acquisition as well as Debt and Equity Financings
(Earthstone Energy, 14.Apr.2022) — Earthstone Energy, Inc. (NYSE: ESTE) announced the closing of the acquisition of assets of privately held Bighorn Permian Resources, LLC in the Midland Basin. The company also announced the closing of a $550mn private offering of senior unsecured notes; a $280mn private placement of equity (the “PIPE”); and an amendment to […]
SSR Mining Announces Closing of Taiga Gold Acquisition
(SSR Mining, 14.Apr.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Taiga Gold Corp. (CSE: TGC). With this transaction, SSR Mining has consolidated a 100% interest in the Fisher property contiguous to […]
NRGBriefs: Trinidad’s Gas Production in Jan. 2022 Down 4% Y-O-Y
(Energy Analytics Institute, 14.Apr.2022) — Energy briefs including Trinidad and Tobago’s natural gas production reaching 2,877 MMcf/d (2.877 Bcf/d) in Jan. 2022, down 4% vs Jan. 2021; Great Panther Mining Limited reporting production results from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico; and more. LATIN AMERICA AND THE CARIBBEAN […]
Open Letter to Joe Biden Regarding Venezuela
(Energy Analytics Institute, 14.Apr.2022) — Representatives of the Venezuelan private sector and civil society as well as US government representatives sent an open letter to President Joe Biden regarding the Venezuelan crisis, US policy toward Venezuela, and Venezuela’s humanitarian emergency, amongst other issues. What follows is the complete open letter […]
KBR Announces Settlement with Ichthys Power Plant Subcontractor
(KBR, 12.Apr.2022) — KBR (NYSE: KBR) announced that JKC Australia LNG Pty Ltd joint venture, in which KBR has a 30% ownership interest, and Kellogg Brown & Root Pty Ltd entered into a conditional settlement agreement to resolve outstanding claims and disputes between JKC and its power plant subcontractor, the consortium […]
Excelerate Energy Announces Pricing of IPO
(Excelerate Energy, 12.Apr.2022) — Excelerate Energy, Inc. announced the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at a price to the public of $24.00 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 2,400,000 […]
NRGBriefs: Trinidad’s fuel subsidy; Citgo Giusti departure; “almost out of the Faja”
(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]
Biden’s Team is Divided Over New Talks About Oil with Maduro in Venezuela
(Miami Herald, 12.Apr.2022) — Divisions within the Biden administration over whether to continue talks with President Nicolás Maduro in Venezuela have deepened since a senior U.S. delegation met with him in Caracas last month, U.S. and Venezuelan opposition sources familiar with the discussions told McClatchy and the Miami Herald this […]
HIF Global Secures $260mn in Equity Investments
(HIF Global, 6.Apr.2022) — HIF Global, involved in eFuels development, secured approximately $260mn in equity investments to fund the global expansion of its decarbonization business. The capital will be used for the development of carbon-neutral eFuels projects in the United States, Chile and Australia that will supply ships, cars, trucks, and airplanes with renewable energy. The equity […]
Using Homegrown Biofuels to Address Putin’s Price Hike at the Pump
(The White House, 12.Apr.2022) — The President is committed to doing everything he can to address the pain Americans are feeling at the pump as a result of Putin’s Price Hike. The Administration’s strategy to spur the development of homegrown biofuels is critical to expanding Americans’ options for affordable fuel […]
Mexico’s President Reversing Energy Reforms, Hurting Oil Production
(Houston Public Media, 12.Apr.2022) — President AndrĂ©s Manuel LĂłpez Obrador is using administrative measures to undermine the free-market reforms enacted in 2013. As a result, Mexican oil production is now more than 1 million barrels short of where the U.S. Energy Information Administration projected it would be if the reforms […]
Murphy Achieves First Oil at King’s Quay FPS in Deepwater US GOM
(Murphy Oil, 12.Apr.2022) — Murphy Oil Corporation (NYSE: MUR) achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi […]
Crowley and Shell Aim to Advance Decarbonization in Maritime
(Crowley, 12.Apr.2022) — Continuing to demonstrate their commitment to decarbonization of the maritime sector, Crowley and Shell Trading (US) Company entered into a memorandum of understanding (MOU) with the aim of supporting alternative energy solutions for the future of shoreside and terminal operations. The MOU follows an ongoing joint project that […]
ExxonMobil Introduces New Exceed™ S Performance Polyethylene
(ExxonMobil, 11.Apr.2022) — ExxonMobil introduced today its new Exceed™ S performance polyethylene (PE) resins, which deliver industry-leading combinations of stiffness and toughness while being easy to process. Utilizing the company’s latest innovations in polymer science, the new PE platform provides opportunities to reduce the complexity of film formulations and designs while […]
Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job
(Bloomberg, 11.Apr.2022) — Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him. Giusti, a 24-year veteran of the oil industry, was dismissed Friday by the board of parent company Citgo Holding Inc., according to people familiar […]
Colombia Launches Green Taxonomy at NYSE
(Energy Analytics Institute, 11.Apr.2022) — Colombian officials including President Iván Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister JosĂ© Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) to launch the South American country’s green taxonomy, an instrument designed to mobilize resources from […]
Launch of Cameron LNG Expansion to Increase Liquefied Natural Gas Production
(TotalEnergies, 11.Apr.2022) — TotalEnergies has signed a Heads of Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd. and Japan LNG Investment – a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) – for the expansion of Cameron LNG, a liquefied natural gas (LNG) production and […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President AndrĂ©s Manuel LĂłpez Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of NeuquĂ©n […]
NRGBriefs: TechnipFMC Updates on Mero 1 Project Activities
(Energy Analytics Institute, 8.Apr.2022) — Energy briefs including TechnipFMC saying its spoolbase at Açu Port, Rio de Janeiro has carried out its first rigid pipes spooling operation, as part of the Mero 1 project (FPSO Guanabara), located in the Mero field, Santos Basin offshore Brazil; Silver Viper Minerals Corp. (TSXV: VIPR) […]
Nucor to Build New Rebar Micro Mill in North Carolina
(Nucor, 7.Apr.2022) — Nucor Corporation (NYSE: NUE) will build a new rebar micro mill in Lexington, North Carolina, which is located in Davidson County. This will be Nucor’s third rebar micro mill, joining existing Nucor micro mills in Missouri and Florida. The Nucor Steel Lexington mill is expected to cost approximately $350mn and have an annual capacity of […]
Black Employees Sue Huntsman International for Racial Discrimination at Chemical Plant
(Arthur Kim Law Firm, 7.Apr.2022) — Two black employees have filed a lawsuit against Huntsman International for racial discrimination at the company’s plant in Los Angeles. The former employees allege that increasing hostility toward black employees led to a segregated work environment and the destruction of their careers. The employees, Reggie Williams and Ronda […]
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NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]
(Energy Analytics Institute, 7.Apr.2022) — Energy briefs including Petrobras releasing its Climate Change Supplement as part of its dialogue with its stakeholders; Petrobras reaffirming “its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026;” Occidental releases conference […]
Americans Will Need More Than an Increased Release of Oil Reserves to Tackle Energy Crisis
(FN Media Group, 6.Apr.2022) — In response to rising gas prices, the Biden administration has announced it will release 1 million barrels of oil per day from reserves. At its core, the government’s plan is to increase domestic production, starting with 1 million barrels per day this year, and nearly 700,000 barrels per […]
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NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]
(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]
W&T Offshore Reveals Bolt-on Acquisition of Producing Properties in the US GOM
(W&T Offshore, 5.Apr.2022) — W&T Offshore, Inc. (NYSE: WTI) has acquired the remaining working interests in the oil and gas producing properties purchased earlier this year from an undisclosed private seller. The assets are located in Federal shallow waters in the central region of the Gulf of Mexico at Ship […]