(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including Frontera Energy anticipating Guyana exploration CAPEX of $110-$130mn in 2022 and CGX Energy anticipating further investments of $5-$10mn for the Berbice Deepwater Port Project; Kootenay Silver saying JV operator Aztec Minerals Corp. reported a broad, high grade, gold intercept in the first RC drill hole […]
Category: USA
KEI Responds to News AMLO’s Son Being Employed at the US Company
(KEI Partners, 15.Feb.2022) — Regarding misinformation currently being circulated by the Mexican press. About Our Office: The office at 4400 Post Oak Pkwy has existed since April 2014, through a lease agreement between the related company Vaquero Strategy and the landlord. KEI Partners, as well as our other affiliated companies mentioned […]
Talos Energy and EnLink Midstream Complete Carbon Capture Solution
(Talos Energy, 15.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and EnLink Midstream, LLC (NYSE: ENLC) have executed a memorandum of understanding to jointly develop a complete CO2 capture, transportation and sequestration solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from New Orleans to Baton Rouge, which is […]
Southwestern Energy Expands RSG Monitoring Across Entire Operations
(Southwestern Energy Company, 8.Feb.2022) — Southwestern Energy Company (NYSE: SWN) announced the expansion of its company-wide certification and continuous monitoring of its production as responsibly sourced gas (RSG), building upon its previously announced program in Appalachia to include its newly acquired Haynesville position. SWN’s RSG program reflects the company’s Environmental, […]
NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]
(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]
NRGBriefs: Trinidad Energy Minister Meets with Executives about Project Lara
(Energy Analytics Institute, 11.Feb.2022) — Energy briefs including Stuart Young, Trinidad and Tobago’s head at the Ministry of Energy and Energy Industries meeting with corporate executives at BP, Shell and Lightsource BP about the Project Lara; and Texas-based Exxon’s commenting on carbon capture and storage (CCS); and more. LATIN AMERICA […]
Enbridge Reports 2021 Financial Results and Advances Strategic Priorities
(Enbridge, 11.Feb.2022) — Enbridge Inc. (TSX: ENB) (NYSE: ENB) reported strong full year 2021 financial results, reaffirmed its 2022 financial outlook, and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to “Non-GAAP Reconciliations Appendices” […]
Petrobras Receives Int’l Award for debt Management
(Petrobras, 10.Feb.2022) — Petrobras was the winner of the “Deals of the Year” award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the […]
NRGBriefs: Trinidad’s Gas and LNG Production Fell in Nov. 2021
(Energy Analytics Institute, 2.Feb.2022) — Energy briefs including Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) reporting gas, oil and LNG production figures for Jan.-Nov. 2021; and B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) announcing that the government of Mali recently granted B2Gold’s Malian subsidiary a […]
ExxonMobil Earns $23bn in 2021, Initiates $10bn Share Repurchase Program
(Exxon, 1.Feb.2022) — Exxon Mobil Corporation announced fourth-quarter 2021 earnings of $8.9bn, or $2.08 per share assuming dilution, resulting in full-year earnings of $23bn, or $5.39 per share assuming dilution. Capital and exploration expenditures were $5.8bn in the fourth quarter and $16.6bn for the full year 2021, in line with […]
Hess Recognized for Diversity, Equity and Inclusion
(Hess, 1.Feb.2022) — Hess Corporation (NYSE: HES) achieved a top score of 100% on the Human Rights Campaign’s (HRC) Corporate Equality Index for 2022 and earned the designation as one of the Best Places to Work for LGBTQ+ Equality. For the third consecutive year, Hess also has earned a place on the Bloomberg Gender-Equality […]
Canacol Energy Reveals Block Purchase Under Normal Course Issuer Bid
(Canacol, 28.Jan.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) purchased 5,307,700 Common Shares for CAD$3.15 per share under its normal course issuer bid (the “NCIB”), relying on the block purchase exemption under the NCIB rules. The purchase was made from an arm’s length third party via the TSX Exchange. Canacol’s […]
NRGBriefs: Argentina’s Energy Secretariat and ENARGAS Talk Energy
(Energy Analytics Institute, 27.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat Darío Martínez chatting w/ ENARGAS’ Federico Bernal Hermitte to discuss actions necessary to strengthen the energy sector; and the Bristow Group’s plans to reveal fiscal 3Q results on 3 Feb. 2022. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s […]
NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]
Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]
(Hess, 26.Jan.2022) — Hess Corporation (NYSE: HES) reported net income of $265mn, or $0.85 per share, in the fourth quarter of 2021, compared with a net loss of $97mn, or $0.32 per share, in the fourth quarter of 2020. On an adjusted basis, the corporation reported a net loss in […]
Phoenix Park Buys Texas Terminal
(Phoenix Park, 25.Jan.2022) — On 21 January 2022, Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of Phoenix Park Gas Processors Limited (PPGPL), completed its acquisition of an NGL terminal located in Hull, Texas from Keyera Energy Inc. (KEI). KEI is a subsidiary of Keyera Corporation (Keyera), one […]
NRGBriefs: ExxonMobil’s Results Call, GoldMining Appointment
(Energy Analytics Institute, 25.Jan.2022) — Energy briefs including ExxonMobil’s results call; and GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) appointing Eric Chen as Director of Mineral Resources for the co. NORTH AMERICA US — Darren Woods, chairman and CEO; Kathy Mikells, SVP and CFO; and Stephen Littleton, Investor Relations VP and […]
Hess Announces 2022 E&P Capital and Exploratory Budget
(Hess, 25.Jan.2022) — Hess Corporation (NYSE: HES) announced a 2022 Exploration & Production capital and exploratory budget of $2.6bn, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is […]
LongPath Technologies Advances DOE-Funded Methane Mitigation
(LongPath Technologies, 25.Jan.2022) — LongPath Technologies, Inc. is advancing its groundbreaking Basin-SCAN continuous methane monitoring and abatement technology across the Texas and New Mexico Permian Basin oil and gas fields. A year after winning a $5mn US Department of Energy (DOE) award, roughly 180 sq. mi. of the Permian Basin are being monitored […]
Harvey Gulf Selects SailPlan to Optimize Fleet Emissions
(SailPlan, 24.Jan.2022) — SailPlan, the maritime cleantech company, announced that Harvey Gulf International Marine, a deepwater marine transportation companies, has entered into a commercial agreement to add SailPlan to its fleet. The company has already seen quantifiable emissions reductions beginning with the Harvey Power, a 310-foot Platform Supply Vessel. The […]
NRGBriefs: Steel Dynamics Reports Financial Results
(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 […]
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]
(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, […]