(Energy Analytics Institute, 24.Jan.2022) — Energy briefs including Steel Dynamics, Inc. (NASDAQ/GS: STLD) announcing 4Q:21 and YE:21 financial results; and New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announcing its BODs accepted the resignation of Dr. Mark Cruise as CEO and as BOD w/ New Pacific. NORTH AMERICA US — Steel […]
Category: USA
US Extends Citgo Protection
(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since […]
NRGBriefs: CSI Compressco Cash Distribution
(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; and PDVSA’s US refining arm Citgo Petroleum being Venezuela’s most priced int’l asset. NORTH AMERICA US — CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general […]
ExxonMobil, SABIC Start Ops at Gulf Coast Manufacturing Facility
(Exxon, 20.Jan.2022) — ExxonMobil and SABIC announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants. The operation includes a 1.8 million metric ton per year […]
NRGBriefs: Road Blockages in Southern Bolívar Impacting Oil Production
(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern Bolívar department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings […]
Solenis Announces Global Diversity Scholarship
(Solenis, 20.Jan.2022) — Solenis, a global producer of specialty chemicals, has launched the Global Diversity Scholarship as one element of a comprehensive diversity, equity and inclusion (DE&I) strategy. The scholarship program will help Solenis attract and retain diverse talent, an important driver of business performance. Solenis knows that a workforce representing a […]
Inspire Clean Energy to Accelerate a Carbon-Free Future
(Inspire Clean Energy, 19.Jan.2022) — Inspire Clean Energy, a subscription-based clean energy company, has announced a partnership with GivePower, a non-profit organization that provides solar-based solutions to secure food, water and electricity for people in regions that need them most. Through a program called the Brighter World Project, Inspire, together with its members, […]
In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
(The New York Times, 18.Jan.2022) — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston who secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company, which is acquiring […]
NRGBriefs: Suriname’s Oil Sector Awaits Time to Shine
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Suriname awaiting its turn to be bathed in the glare of its own oil wealth; and Genuine Parts Company (NYSE: GPC) pricing an aggregate $1bn of senior notes. LATIN AMERICA AND THE CARIBBEAN Suriname — W/ Guyana currently bathed in the spotlight created by the […]
Power Equipment Buys Golden Equipment
(Power Equipment Company, 7.Jan.2022) — Power Equipment Company acquired Golden Equipment Company, a full-service heavy equipment dealership with locations in Albuquerque, NM, Farmington, NM and Durango, CO. The acquisition bolsters Power Equipment Company’s presence in New Mexico and Southwestern Colorado with additional equipment and support solutions in the rolling stock, compact, aggregate, crane, and paving & compaction segments of […]
New GM Electric Truck Faces Competition and Sceptical Buyers
(AP, 7.Jan.2022) — The competition among United States automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the top-selling US automaker, officially unveiled the Chevrolet Silverado EV on Wednesday with a virtual press conference at the CES gadget show. Work truck versions go on […]
Pattern Energy Completes Construction of Historic Renewable Energy Project
(Pattern Energy, 6.Jan.2022) — Pattern Energy Group LP completed construction and begun commercial operation of its suite of Western Spirit Wind power projects. Western Spirit Wind is comprised of four wind power facilities totaling more than 1,050 megawatts (MW) located in Guadalupe, Lincoln, and Torrance Counties in central New Mexico. U.S. Senator Martin Heinrich said, “The largest […]
NRGBriefs: Presidential Elections in Brazil and Colombia
(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]
CIT Provides $35.5mn to Greenyield Shipping LLC
(CIT Group, 28.Dec.2021) — CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business provided $35.5mn to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe’s leading alternative asset management firms, which has employed a multi-disciplined approach towards investments in the maritime sector and has […]
Talos Energy Releases 2021 ESG Report
(Talos, 27.Dec.2021) — Talos Energy Inc. (NYSE: TALO) published its second annual environmental, social and governance (ESG) report to stakeholders, highlighting the company’s continued environmental, health and safety focus, positive impacts on communities and employees and solid governance practices. Talos has substantially increased the volume and quality of disclosures in this […]
NRGBriefs: CFIUS Approves Pemex’s Deer Park Refinery Purchase
(Energy Analytics Institute, 22.Dec.2021) — Energy briefs including Chile being chosen for the 2nd consecutive yr as the most attractive emerging mkt to invest in renewable energies in the LatAm region; AkerSolutions crossing the 36% mark in terms women among all hired personnel in Brazil; the Committee on Foreign Investment […]
Petrobras Completes Renewal of its Shelf Registration
(Petrobras, 22.Dec.2021) — Petrobras completed the renewal of its shelf registration with the US Securities and Exchange Commission (SEC). The shelf registration allows Petrobras to offer securities in the US capital markets in an agile and comprehensive manner, taking advantage of market opportunities, with the objective of reducing costs and […]
Venture Global and CNOOC Gas & Power Announce LNG SPA
(Venture Global, 20.Dec.2021) — Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA). This marks the first LNG supply agreement signed by a US exporter with CNOOC, China’s largest importer of LNG. […]
Höegh LNG Partners LP Advises Investors Of Lead Class Action
(Höegh LNG, 18.Dec.2021) — Robbins Geller Rudman & Dowd LLP announces that purchasers of Höegh LNG Partners LP (NYSE: HMLP) securities between 22 August 2019 and 27 July 2021, inclusive (the “Class Period”) have until Monday, December 27, 2021 to seek appointment as lead plaintiff in Sanchez v. Höegh LNG Partners LP, No. 21-cv-19374. Commenced on 27 October 2021 in the District […]
WoodMac: Predictions 2022
(WoodMac, 17.Dec.2021) — Wood Mackenzie analysts offer ten predictions for key developments expected in the energy and natural resources industries in 2022. This is a time of year when it is tempting to look back. But it is usually more interesting to look forward. For the final Energy Pulse of […]
NRGBriefs: Ecopetrol Fined for Caño Cacayal Contamination
(Energy Analytics Institute, 17.Dec.2021) — Energy briefs including Ecopetrol S.A. revealing the Sustainable Development Corporation of the Macarena Special Management Area CORMACARENA, through Resolution No. PS-GJ.1.2.6.21.2094 of 2021, imposed a fine of 20 monthly minimum wages to the co. due to the contamination of Caño Cacayal; Venezuela’s oil production set to […]
![Dover Announces Two Clean Energy Acquisitions [Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/Video3-dover.jpg)
Dover Announces Two Clean Energy Acquisitions [Download]
(Dover, 16.Dec.2021) — Dover (NYSE: DOV) completed the acquisition of Acme Cryogenics, Inc. for $295mn in cash, and that it has entered into a definitive agreement to acquire Engineered Controls International, LLC (RegO) for $631mn in cash, subject to customary purchase price adjustments. Additionally, the RegO acquisition includes tax step-up benefits with a net present […]
Bristow And Overair Form Partnership to Introduce Zero Emission eVTOL
(Bristow, 16.Dec.2021) — Overair, Inc., developer of electric vertical take-off and landing (eVTOL) vehicles, today announced they signed a Memorandum of Understanding (MOU) with Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions to government and civil organizations. The two companies plan to collaborate on […]
NRGBriefs: Ecuador Prevents Environmental Damage In Napo Region
(Energy Analytics Institute, 15.Dec.2021) — Energy briefs including Ecuador’s gov’t saying the halting of transport operations along the SOTE due to soil erosion problems prevented environmental damage in the Piedra Fina River area; the International Energy Agency (IEA) placing Chile among the four countries that will lead the production of […]
Upstream Sector Rebounding – But ‘Peak Uncertainty’ Fears Weigh In 2022
(WoodMac, 13.Dec.2021) — The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications […]
Bristow Completes Move To Offshore Ops Using Sustainable Aviation Fuel
(Bristow, 10.Dec.2021) — Bristow Group Inc. (NYSE: VTOL) completed an offshore revenue flight using sustainable aviation fuel (SAF), marking one of the first SAF-powered flights to an offshore operation in the UK Continental Shelf (UKCS). The aircraft flew from Aberdeen to installations operated by bp. As part of its strategic relationship […]
Trinidad’s Energy Minister Young Participates In WPC Round Table
(MEEI, 8.Dec.2021) — On Wednesday 8 December 2021, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister the Honourable Stuart Young MP participated in a Ministerial Round Table focused on Regional Development and Opportunities in Latin America as part of the 23rd World Petroleum […]
NRGBriefs: Trinidad To Reveal Ryder Scott Details
(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Argentina aspiring to produce 1 MMb/d in five yrs; Trinidad and Tobago looking to reveal details of a new Ryder Scott gas reserve report; rumors circulating about the health of Venezuela’s oil minister Tareck El Aissami; and more. LATIN AMERICA AND THE […]
SAExploration Announces Executive Changes
(SAExploration, 7.Dec.2021) — SAExploration Holdings, Inc. announced that Michael J. Faust, President and Chief Executive Officer, will retire from his executive positions, effective 1 January 2022. He will continue to serve on the Company’s Board of Directors and in a consulting capacity. Mike has served on the Board of Directors since 2017. He […]
Venture Global and Louisiana Governor Propose CP2 LNG Export Facility
(Venture Global, 2.Dec.2021) — Venture Global LNG and Louisiana Governor John Bel Edwards announced the company will invest more than $10bn to develop a fourth LNG export facility in the State of Louisiana. The new project, CP2 LNG will be located in Cameron Parish, adjacent to Venture Global’s first facility, […]
Chevron Reveals $15bn Capital and Exploratory Budget for 2022
(Chevron, 1.Dec.2021) — Chevron Corporation (NYSE: CVX) announced a 2022 organic capital and exploratory spending program of $15bn, at the low end of its $15bn to $17bn guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron’s objective of higher returns and lower carbon, including approximately $800mn in lower carbon […]
Freepoint Eco-Systems To Build Recycling Facility In Ohio
(Freepoint Eco-Systems, 1.Dec.2021) — Freepoint Eco-Systems LLC plans to build an advanced recycling facility in Ohio that will convert waste plastic into feedstock for use in the production of prime-quality plastic. The Ohio facility will recycle approximately 90,000 tons per year of end-of-life plastic that would otherwise be destined for […]
ExxonMobil Reveals Plans To 2027
(Exxon, 1.Dec.2021) — ExxonMobil has finalized corporate plans, which increase spending to $15bn on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and […]
Security Review Stalls Shell’s Refinery Sale to Pemex
(Reuters, 30.Nov.2021) — A U.S. national security review has delayed the sale of Royal Dutch Shell‘s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday. Shell in May disclosed an agreement to sell its 50% interest in the 302,800-barrel-per-day (bpd) Deer Park, […]
TotalEnergies And Clean Energy Launch Construction Of Their First Biogas Unit
(TotalEnergies, 30.Nov.2021) — Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, […]
McDermott Completes Net Zero LNG Construction Study For Shell
(McDermott, 29.Nov.2021) — McDermott recently completed a liquefied natural gas (LNG) construction study identifying tangible reduction pathways toward net-zero construction emissions on behalf of Shell Global Solutions International B.V. The results of this study provide a strategic framework for reducing greenhouse gas (GHG) emissions in LNG facilities during the project […]
Seadrill Limited Provides 3Q:21 Market Update
(Seadrill, 29.Nov.2021) — Seadrill Limited (OSE: SDRL, OTCPK: SDRLF), a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145mn to backlog, reflecting the depth of its customer relationships. Total backlog as of 30 September 2021 stood at $2.1bn. […]
Citgo 6 Remain Pawns In A US-Venezuela Standoff
(CNN, 26.Nov.2021) — The phone connection between a Venezuelan prison cell and Houston, Texas, crackles and fades. Jorge Toledo sounds tired. He’s been held for four years, one of six former executives of Venezuela’s US-based oil refining company CITGO convicted of corruption. The sounds of prison life echo as he […]
US To Release Oil From Strategic Reserve
(WoodMac, 24.Nov.2021) — On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR). Wood Mackenzie vice president Ann-Louise Hittle said: “Of the release, 32 mbbl is a loan for delivery by end-April next year. The […]
Houston-based Citgo Reports 3Q:21 Results
(Citgo, 15.Nov.2021) — Citgo Petroleum Corporation reported its third quarter 2021 financial results, including a net loss of $4mn, compared to net income of $3mn for the second quarter. Marking the company’s second consecutive quarter of positive EBITDA1 after three straight quarters of negative EBITDA, EBITDA in the third quarter […]
Talos And Freeport LNG to Develop CCS Project
(Talos, 15.Nov.2021) — Talos Energy Inc. (NYSE: TALO) and Freeport LNG Development, L.P. executed a letter of intent to develop a carbon capture and sequestration (CCS) project, the Freeport LNG CCS project (FLNG CCS), immediately adjacent to Freeport LNG’s natural gas pretreatment facilities located near Freeport, Texas, on the Gulf […]
Reliance’s US Shale Exit Signals Refocus Intent
(S&P Global, 11.Nov.2021) — The move by Reliance Industries to divest all its US shale assets and exit the sector signals its intention to ensure the company maintains its sharp focus on India’s domestic market, where its energy portfolio is being increasingly diversified beyond its core refining business. Analysts said […]
AiDash Launches New Intelligent Sustainability Management System
(AiDash, 11.Nov.2021) — AiDash, a provider of satellite and AI-powered operations, maintenance and sustainability platform, today announced the launch of its Intelligent Sustainability Management System (ISMS) to help companies achieve their sustainability goals including the 10 percent biodiversity net gain by 2030. The new ISMS SaaS solution, would enable customers […]
NRGBriefs: PHX Acquires Acres In Texas And Louisiana
(Energy Analytics Institute, 10.Nov.2021) — Energy briefs including Brazilian inflation in Oct. 2021; PHX Minerals Inc. (NYSE: PHX) announcing three mineral and royalty acquisitions targeting the Haynesville play in East Texas and Louisiana; GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) releasing results of 11 drill holes at Mololoa and the […]
Baker Hughes And Shell To Accelerate Energy Transition
(Baker Hughes, 10.Nov.2021) — Energy technology company Baker Hughes (BKR: NYSE) and Shell Global Solutions BV signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The […]
Sempra Reports 3Q:21 Earnings
(Sempra, 5.Nov.2021) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2021 losses of $648mn, or $2.03 per diluted share, compared to third-quarter 2020 earnings of $351 million, or $1.21 per diluted share. Sempra’s third-quarter 2021 results included a $1.1bn after-tax charge associated with civil litigation related to the 2015 Aliso Canyon natural gas storage facility leak. On an adjusted […]
NRGBriefs: Ecopetrol Conf. Call
(Energy Analytics Institute, 4.Nov.2021) — Energy briefs including plans by Ecopetrol S.A. to host its 3Q:21 conf. call; Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) inking two 20yr sales and purchase agreements to supply 4 mt/a of LNG from Venture Global’s Plaquemines LNG export facility; and more LATIN AMERICA […]
Summit Ridge, Osaka Gas Reach Solar Milestones
(Summit Ridge Energy, 4.Nov.2021) — Summit Ridge Energy (SRE) announced completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state. The project, owned through SRE’s joint venture with Osaka Gas USA (OGUSA) announced in […]
Venture Global, Sinopec Ink LNG Sales Deals
(Venture Global, 4.Nov.2021) — Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) announced signing of two 20-year Sales and Purchase Agreements (SPA) for the supply of a total of 4mn tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility, in Plaquemines Parish Louisiana. In addition, UNIPEC, a Sinopec subsidiary has agreed […]
Deacero Opens Headquarters In Washington, DC
(Deacero, 3.Nov.2021) — Deacero, Mexico’s largest wire producer, opened a global trade and corporate affairs headquarters in the heart of this capital city – a first for a Mexican company – with Mexico’s ambassador to the United States and Deacero’s chief executive officer, and the president of its U.S. company welcoming a large group of guests. […]