(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 […]
Category: USA
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 […]
![NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/BRA_petrobras-climate-change-supplement.png)
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 […]
![NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/Mantaro_Silver_Corp__Mantaro_Silver_Corp_1-1.jpg)
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 […]
Excelerate Energy Launches IPO
(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 […]
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 PacĂfico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects. The Vista PacĂfico 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 RodrĂguez 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 RodrĂguez 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 GuaidĂł 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 […]