(Excelerate, 4.Apr.2022) — Excelerate Energy, Inc. launched the roadshow for its initial public offering (IPO) of 16,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $21.00 and $24.00 per share. The company also intends to grant the underwriters a 30-day option to purchase up to […]
Category: USA
Sempra and KOGAS Ink MOU Related to New Opportunities for Energy Transition
(Sempra, 4.Apr.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Korea Gas Corporation (KOGAS) announced the companies have entered into a memorandum of understanding (MOU) to explore opportunities to cooperate in the global energy transition to lower-carbon and zero-carbon fuels. The MOU contemplates the companies’ joint collaboration around project […]
Sempra Inks Heads of Agreement for Cameron LNG Phase 2
(Sempra, 4.Apr.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), entered into a Heads of Agreement (HOA) with affiliates of TotalEnergies, Mitsui & Co. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK), for the development of the Cameron LNG Phase […]
NRGBriefs: US-Venezuela Political Relationship; Repsol’s Sararenda-X3D Well
(Energy Analytics Institute, 1.Apr.2022) — Energy briefs including Sempra naming Glen Donovan as the co.’s new Investor Relations VP; and NPR speaking with author and journalist William Neuman about the tangled relationship between the US and Venezuela, and America’s re-assessment based on the new global oil dynamic. NORTH AMERICA US […]
NRGBriefs: Venezuela’s Oil Minister on Oil Market Stability and Supply
(Energy Analytics Institute, 31.Mar.2022) — Energy briefs including the US Energy Department saying it is ready to execute the president of the United States’ authorization of an immediate release of 1 million barrels per day for 6 months from the Strategic Petroleum Reserve; and Trinidad and Tobago NGL Limited (TTNGL) […]
Citgo Enters 2022 With Strong Momentum
(Citgo, 31.Mar.2022) — Citgo Petroleum Corporation reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, Citgo generated net income of $21mn, EBITDA (1) of $236mn and adjusted EBITDA of $139mn, representing the strongest quarterly net income and EBITDA performance since the third quarter of 2019, prior to the start […]
EZ Blockchain Introduces Immersion Cooling Crypto Mining Container
(EZ Blockchain, 31.Mar.2022) — Although EZ Blockchain started as a provider of data center hosting solutions, it is now on a mission to solve the global waste energy problem by providing scalable solutions to the energy sector.The company aims to save the environment using sustainable energy alternatives without compromising on benefits for […]
TotalEnergies and Sempra Expand Alliance for the Development of LNG Exports, Renewables
(TotalEnergies, 31.Mar.2022) — TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two Memorandums of Understanding (MoU): one for the Vista Pacífico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects. The Vista Pacífico LNG project is planned to be […]
Bridgestone Awarded Energy Grant to Advance Guayule Natural Rubber Research
(Bridgestone, 30.Mar.2022) — Bridgestone Americas has been awarded a research grant by the US Department of Energy (DOE) Joint Genome Institute to advance its optimization of guayule, a drought resistant, desert shrub that shows promise as a new, domestic source of natural rubber for tire production. A global leader in […]
Lectron Unveils New Retail Partnership with AutoZone
(Lectron, 29.Mar.2022) — Lectron, an electric vehicle charging brand, has entered a retail partnership with auto parts giant, AutoZone (NYSE: AZO), in a bid to make electric vehicle charging more accessible to consumers. AutoZone now carries a wide selection of Lectron products on its website, including chargers, charging stations, and adapters. […]
Shell Adds Deep-Water US GOM Production with PowerNap
(Shell, 29.Mar.2022) — Shell Offshore Inc., a subsidiary of Shell plc, announces the start of production at PowerNap, a subsea development in the US Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus production hub in […]
Tellurian’s Driftwood LNG Begins Construction
(Tellurian, 28.Mar.2022) — Tellurian Inc. (NYSE American: TELL) issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana. President […]
HF Sinclair and HollyFrontier Commence Private Exchange Offers
(HF Sinclair Corporation, 24.Mar.2022) — HF Sinclair Corporation (NYSE: DINO) and HollyFrontier Corporation (HFC) announced the commencement of private offers to all Eligible Holders (as defined herein) to exchange (each an “Exchange Offer” and, collectively, the “Exchange Offers”) notes previously issued by HFC listed in the table below (the “HFC Notes”), […]
Purchase Oil From Canada, Not Venezuela
(Forbes, 24.Mar.2022) — Gasoline prices are reaching record highs and Russian oil imports are ending. As the Biden Administration makes overtures to Venezuela to request more oil, Alberta Premier Jason Kenney asks why the Administration doesn’t contact him. Canada’s province of Alberta is home to 165 billion barrels of oil, the […]
NextDecade and Guangdong Energy Announce Binding Heads of Agreement
(NextDecade Corporation, 24.Mar.2022) — NextDecade Corporation (NASDAQ: NEXT) announced the execution of a binding Heads of Agreement (“HOA”) with Guangdong Energy Group Natural Gas Co., Ltd. for the long-term supply of liquefied natural gas (LNG) for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The HOA provides that […]
SK E&S Buys EverCharge, a US EV Charging Solutions Provider
(SK E&S, 23.Mar.2022) — SK E&S is entering the US electric vehicle charging market. On 23 March 2022, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the US. This is the first time a Korean company has acquired the management rights of an EV charging company based in the US. […]
NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her 2022 presentation of the “Memoria y Cuenta” to the National Assembly; and a recent election poll from Genial/Quaest published on […]
Invenergy and GE Renewable Energy Start Ops at 998 MW Wind Project
(Invenergy, 21.Mar.2022) — Invenergy announced commercial operations for the 998-megawatt Traverse Wind Energy Center, the largest wind farm constructed in a single phase in North America. Located in north central Oklahoma, Traverse joins the operational 199-megawatt Sundance Wind Energy Center and the 287-megawatt Maverick Wind Energy Center, as the last of […]
UH Launches New Energy Transition Institute with $10mn Donation from Shell
(KTRK, 21.Mar.2022) — The University of Houston is establishing a new institute focused on clean energy, and it’s all thanks to a donation from Shell.UH announced on Monday that it has created the Energy Transition Institute after receiving a $10 million gift from oil giant Shell. The institute is focused […]
UWI Economist Urges CARICOM to Look Within for Oil Supplies
(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University of the West Indies economist, wondered aloud whether the United States would consider invading Venezuela, which has some of the largest oil reserves in the […]
![NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/image0-5.jpeg)
NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]
(Energy Analytics Institute, 18.Mar.2022) — Energy briefs including Colombia commencing operations at the first of two green hydrogen pilots in Cartagena; Ecopetrol announcing plans to be producing 1 million tons of hydrogen by 2040; former Brazilian President Luiz Inácio Lula da Silva saying that in the eight yrs of his […]
Defaulted Venezuela Bonds Are Luring Buyers Betting on US Deal
(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which has been mired in default for years, when prices ticked higher around that level this week, it marked a sudden sign of growing optimism. As […]
Noble Corp. and Maersk Drilling Name Management Team for Combined Co.
(Noble Corp., 18.Mar.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (Maersk Drilling) announced the executive management team to be effective after the closing of the business combination announced on 10 November 2021. The combined company will have a proven management team led by […]
NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela
(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan Guaidó saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]
Nucor Announces Guidance for 1Q:22 Earnings
(Nucor Corp., 17.Mar.2022) — Nucor Corporation (NYSE: NUE) announced guidance for its first quarter ending 2 April 2022. Nucor expects to achieve a new record for first quarter earnings in the range of $7.20 to $7.30 per diluted share. Fourth quarter of 2021 earnings were $7.97 per diluted share and first quarter of 2021 earnings were $3.10 per diluted share. […]
Talos Energy Executes Texas GLO Carbon Capture Site Lease
(Talos Energy, 16.Mar.2022) — Talos Energy Inc. (NYSE: TALO) announced that Bayou Bend CCS LLC, Talos’s venture with Carbonvert, Inc., executed definitive lease documentation with the Texas General Land Office (“GLO”), formalizing the previously announced carbon capture and sequestration (“CCS”) site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor. Talos […]
Steel Dynamics Provides 1Q:22 Earnings Guidance
(Steel Dynamics, Inc., 16.Mar.2022) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided first quarter 2022 earnings guidance in the range of $5.55 to $5.59 per diluted share. Excluding the impact from costs associated with the startup of the company’s Sinton Texas Flat Roll Steel Mill growth investment of an estimated $83 million, or $0.30 per diluted share, the […]
NFE Announces LNG SPA with Venture Global LNG
(New Fortress Energy, 16.Mar.2022) — New Fortress Energy Inc. (NASDAQ: NFE) announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG […]
Venture Global Reveals New Sales Deals for Plaquemines and CP2 LNG
(Venture Global LNG, 16.Mar.2022) — Venture Global LNG executed two new long-term 20-year Sales and Purchase Agreements (SPAs) with New Fortress Energy Inc. (NASDAQ: NFE), including 1 million tonnes per annum (MTPA) from Plaquemines LNG and 1 MTPA from CP2 LNG. This is the first SPA for the CP2 LNG facility, […]
Airborne Methane Detection Gains Approval for Use in New Mexico
(Bridger Photonics, 16.Mar.2022) — Bridger Photonics‘ aerial Gas Mapping LiDAR™ has been approved for use as an advanced leak detection and repair monitoring technology by New Mexico’s Energy, Minerals and Natural Resourced Department (“EMNRD”) for its ALARM credit program. With EMNRD’s approval, oil and gas operators in New Mexico can now use the advanced methane detection […]
Bob Kent Joins Citgo Board of Directors
(Citgo, 16.Mar.2022) — The Citgo Petroleum Corporation Board of Directors announced that Bob Kent has been appointed to the Board of Directors. “Bob Kent brings more than 40 years of refining experience to our executive team, including 13 years with Citgo,” said Citgo Director and President and Chief Executive Officer Carlos Jordá. “His […]
Engaging Venezuela Is Worth the Gamble
(Bloomberg, 15.Mar.2022) — A more realistic policy toward the Maduro regime would free up oil supplies and weaken Russian influence. In a bid to ease pressure on global energy supplies, the U.S. has opened talks with the government of Venezuelan leader Nicolas Maduro, which could lead to the lifting of some […]
NRGBriefs: Astra Exploration Provides Update on Pampa Paciencia
(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing […]
Northwest Pipe Awarded Contract for the Navajo-Gallup Water Supply Project
(Northwest Pipe Company, 14.Mar.2022) — Northwest Pipe Company (Nasdaq: NWPX), a manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by S.J. Louis Construction, Inc., a Minnesota-based general contractor specializing in underground utility construction for 39 years, to manufacture engineered steel water transmission pipe for the Code Talkers […]
Five Key Takeaways from CERAWeek 2022 7-11 Mar. 2022 in Houston
(Clarissa Lins with Catavento, 13.Mar.2022) — Almost 6,000 people met in Houston at CERAWeek, the world’s largest and most influential energy gathering. During five days, the discussions were dominated by the severe impacts of the war and its devastating consequences over the Ukraine population, European energy security and the values […]
NRGBriefs: Japanese Companies Aim to Reduce Environmental Impact
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and The Hanshin Diesel Works, Ltd. forming strategic alliance to reduce their environmental impact; and routine gas flaring representing a lost […]
Background Press Call Previewing the Visit of President Duque of Colombia
(The White House, 10.Mar.2022) — Background press call via teleconference by senior administration officials from The White House previewing the visit of President Ivan Duque of Colombia. MODERATOR: Thank you, Grace. And, everyone, thank you for joining us this evening for today’s background call previewing President Duque’s visit to the […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]
NRGBriefs: Venezuela’s Maduro Back in the Driver’s Seat
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Washington courting Venezuela amid the Ukraine invasion by Russia and Venezuela’s President Nicolás Maduro likely being the biggest benefactor amid high oil prices and US desperation. LATIN AMERICA AND THE CARIBBEAN Venezuela — Talking Points: Over the short-term Venezuela’s President Nicolás Maduro […]
US Secretary of Energy Jennifer M. Granholm Speaks at CERAWeek 2022
(US Department of Energy, 9.Mar.2022) — Remarks as prepared for delivery by Secretary of Energy Jennifer M. Granholm at CERAWeek 2022 in Houston, Texas. Thanks so much Dan—I’m so glad to be here at CERAWeek for the second year in a row, this time in person! We could not be […]
White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar
(FT.com, 9.Mar.2022) — The US is engaged in an increasingly frantic search to replace oil supplies lost from Russia as it tries to repair diplomatic rifts abroad and boost production at home to stop fuel prices from spiralling out of control. Jennifer Granholm, US energy secretary, on Wednesday told an […]
EQT Launches New US LNG Advocacy Campaign During CERAWeek 2022
(EQT Corporation, 9.Mar.2022) — EQT Corporation (NYSE: EQT) unveiled its plan to unleash U.S. LNG to address the energy needs of our allies and advance climate efforts by targeting the replacement of international coal. The release of the new plan comes as natural gas takes center stage at CERAWeek 2022. Toby Z. Rice, EQT […]
Meeks Statement on US Delegation to Caracas
(House Foreign Affairs Committee, 9.Mar.2022) — Representative Gregory W. Meeks, Chair of the House Foreign Affairs Committee, issued the following statement in response to reports that a delegation of senior Biden administration officials traveled to Venezuela to meet with President Nicolás Maduro: “I congratulate the Biden Administration on a successful […]
US Sanctions Hurt Our National Interests — and the Venezuelan People | Opinion
(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, double down on targeted sanctions against individuals and reverse broader sanctions that hurt our national interests and the interests of the Venezuelan people and aid […]
Colombia in Talks with Coal Producers for Exporting Extra Supplies
(Reuters, 8.Mar.2022) — Colombia’s government has begun talks with the nation’s coal producers to increase exports after requests for extra supplies by European, Central American and Caribbean countries, the minister of Mines and Energy Diego Mesa told Reuters on Tuesday, as global energy flows are disrupted by the crisis in […]
NRGBriefs: Cameron LNG Names New President
(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner Asdrúbal Oliveros, Datanalisis President Luis Vicente León and international […]
Ecopetrol Eyes Transmission Opportunities in the Americas, Especially the US
(Energy Analytics Institute, 8.Mar.2022) — Bogotá-based Ecopetrol is eying opportunities abroad where there are synergies between the transmission and oil and gas business. Ecopetrol’s move into the transition sector is part of the company’s decarbonization and electrification efforts which also include a continued focus on low-cost and low carbon opportunities. […]
US President Biden on the Return of American Detainees from Venezuela
(The White House, 8.Mar.2022) — Tonight—two Americans who were wrongfully detained in Venezuela will be able to hug their families once more. We are bringing Gustavo Cardenas and Jorge Fernandez home. Cardenas was arrested in 2017 as part of the so-called CITGO-6, and he has endured five years of hardship […]
Colombia’s President Iván Duque Márquez During CERAWeek
(Energy Analytics Institute, 7.Mar.2022) — Colombia’s President Iván Duque Márquez spoke in an interview with Daniel Yergin on 9 Mar. 2022 during CERAWeek by S&P Global. Excerpts from that discussion follow. Related to energy security and the energy transition: Iván Duque: In terms of energy security and energy transition, I […]
Colombia’s President Says Any Solution for Venezuela Must Come Through Elections
(Reuters, 7.Mar.2022) — Colombian President Ivan Duque on Monday said any solution for Venezuela’s future, whose humanitarian crisis under President Nicolas Maduro has hit neighboring nations with an influx of migrants, must come through genuine, transparent presidential elections. A top delegation from the U.S. government traveled to Caracas since the […]