(CNOOC, 24.Oct.2023) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its operating results for the third quarter of 2023. In the first three quarters of the year, the company continued to step up its efforts in exploration and development, thereby obtaining steady growth […]
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Range Announces 3Q:23 Results [PDF Download]
(Range Resources, 24.Oct.2023) — Range Resources Corporation (NYSE: RRC) announced its third quarter 2023 financial results. ____________________
FMC Updates to 3Q:23 and YE:23 Outlook
(FMC, 23.Oct.2023) — FMC Corporation (NYSE:FMC) provided an update on third quarter expectations compared to its previously provided outlook. Revenue in the third quarter is now expected to be $982mn with adjusted EBITDA of $175mn and adjusted earnings per share of $0.44.  The revised outlook is mainly driven by substantially lower sales volumes in Latin America, […]
Argentina Lithium engages Resource Stock Digest for marketing contract
(Argentina Lithium & Energy Corporation, 23.Oct.2023, Words: 177) — Argentina Lithium & Energy Corp. has entered into a services agreement with Resource Stock Digest (RSD), of 1020 Dyer Creek Place, Round Rock, Texas, pursuant to which, among other things, RSD has agreed to provide certain promotional services to the corporation in accordance […]
Eni Inks LNG Deal Related to Qatar’s North Field East Expansion Project
(Eni, 23.Oct.2023) — Eni signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The available volumes will […]
Nucor Corp. Reports 3Q:23 Results
(Nucor, 23.Oct.2023) — Nucor Corporation (NYSE: NUE) announced consolidated net earnings attributable to Nucor stockholders of $1.14bn, or $4.57 per diluted share, for the third quarter of 2023. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $1.46bn, or $5.81 per diluted share, for the second quarter of 2023 and $1.69bn, or $6.50 per diluted share, for […]
Venezuelan Oil-Sanctions Relief Was Just Announced. It Could Be Tested Soon
(Barron’s, 23.Oct.2023) — The U.S. administration’s new oil sanctions relief toward Venezuela is broad-ranging and impactful. It’s unlikely to have any immediate effect on international oil prices, but it will likely realign the regional oil trade, which will benefit the U.S. refining system. It will also test whether a different foreign policy—and […]
Welligence says Hess Corporation gives Chevron Atlantic margin exposure
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant transaction of Oct. 2023 following the $65bn move by ExxonMobil to acquire Pioneer Natural Resources Company, both in all-stock transactions, Welligence Energy Analytics wrote 23 […]
Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 for six months, paving the way for additional exports of the heavy, sour crude oil the country produces. That type of crude oil has been […]
Petrobras on Proposal to Revise its Bylaws to be Submitted to EGM
(Petrobras, 23.Oct.2023) — Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to the Extraordinary General Meeting (EGM), to be convened in due course. The objectives of the revision of Petrobras’ Bylaws are to create a capital remuneration […]
Chevron to Acquire Hess in $53bn All-Stock Deal
(Chevron, 23.Oct.2023) — Chevron Corporation (NYSE: CVX) has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53bn, or $171 per share based on Chevron’s closing price on 20 October 2023. Under the terms […]
Colombia Eyes Country’s First Offshore Wind Auction
(Energy Analytics Institute, 22.Oct.2023) — Colombia government expects to reveal detail about the first offshore wind energy auction in Colombia and Latin America. The Colombian Ministry of Mines and Energy, the Maritime Authority (Dimar) and the National Hydrocarbons Agency (ANH) invite all those interested in the first seabed allocation competitive […]
Eni Reports Sail Away of the Tango FLNG, Excalibur FSU Vessels to Congo
(Eni, 21.Oct.2023) — In the presence of Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, Maixent Raoul Ominga, Managing Director of SNPC, and Guido Brusco, Eni’s Chief Operating Officer Natural Resources, today Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) […]
Fast Output Recovery Still Challenging in Venezuela
(WoodMac, 20.Oct.2023) — Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil and Gas for Wood Mackenzie said, “Although still conditioned by a subsequent renewal, this new easing of sanctions can certainly be considered a positive move […]
Nucor Exploring Potential Sites in the Pacific Northwest to Build New Rebar Micro Mill
(Nucor, 20.Oct.2023) — Nucor Corporation (NYSE: NUE) is exploring potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity of 650,000 tons, subject to approval by Nucor’s Board of Directors. The new mill would produce a full range of rebar sizes and have spooling […]
Silver Viper Further Amends Rubi-Esperanza Option Agreement
(Silver Viper Minerals, 20.Oct.2023) — Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) announced that, further to its press release April 6, 2023, it has amended the terms of the Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the […]
AG&P Group Announces Exciting Changes in LeadershipÂ
(AGP, 20.Oct.2023) — AGP international Holdings Pte Ltd. (AGPIH/AG&P Group) announced several changes in its leadership team. At the Group level, effective 15 October 2023, Mr. Karthik Sathyamoorthy has been appointed as the Chief Executive Officer for AG&P Group. He will continue to remain the CEO of AG&P LNG Terminals & Logistics […]
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SLB Reports Strong 3Q:23 Results [PDF Downloads]
(SLB, 20.Oct.2023) — SLB (NYSE: SLB) announced results for the third-quarter 2023 and SLB CEO Olivier Le Peuch commented: “Our third-quarter results continue to reflect strong year-to-date performance with revenue and adjusted EBITDA growth of 19% and 28%, respectively. These results, which reinforce our full-year financial ambitions, were driven by sustained growth […]
Canacol On Canceling EPM Sales Contract, Strategic Entrance into Bolivia
(Canacol, 19.Oct.2023) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) announces that the long term take or pay gas sales contract with Empresas Publicas de Medellin E.S.P. (“EPM”), previously scheduled to commence deliveries on 1 December 2024 (the “Project”) has been terminated by the corporation. As of the time of termination […]
Glaucus-1 Well Confirms Extension of Gas Province Offshore Colombia
(Ecopetrol, 19.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the southern Colombian Caribbean, underscoring the significance of the gas reserve in this region of the country. The well is situated 75 kilometers off the Caribbean coast, with […]
Enilive’s Diesel from 100% Renewable Raw Materials Powers Lannutti’s Fleet
(Eni, 19.Oct.2023) — Enilive (Eni Sustainable Mobility), through the Eni Fuel company, and Lannutti Group, a leading operator in the logistics and road transport sector, have signed an agreement for the use of HVOlution, a diesel fuel produced from 100% renewable raw materials*. With 300 trucks in its Italian fleet […]
Frontera on 3Q:23 Financial Results and Conf. Call
(Frontera, 19.Oct.2023) — Frontera Energy Corporation (TSX: FEC) announces that its third quarter 2023 results will be released after markets close on Thursday, 9 November 2023. A conference call for investors and analysts will be held on Friday, 10 November 2023, at 10:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of […]
Trinidad Approved to Pay PDVSA
(Welligence, 19.Oct.2023) — Trinidad & Tobago (T&T) has received approval from the US government to pay PDVSA, the Venezuelan NOC, in cash for gas from Venezuela. The decision comes after a series of negotiations between all three countries, and is a vital step towards bringing Train 1 at Atlantic LNG (ALNG) back online, […]
CNOOC says Train 3 of Tangguh LNG commences production
(CNOOC, 19.Oct.2023, Words: 173) — CNOOC Limited announces that the first LNG cargo from the newly-built liquefaction train (Train 3) of the Tangguh LNG project in Indonesia has been delivered. Tangguh LNG is located in Papua Barat Province in Indonesia, consisting of 6 offshore gas fields under 3 PSCs. The existing two-train facility has commenced production […]
CSI Compressco Reveals Quarterly Distribution, Schedules 3Q:23 Earnings Call
(CSI Compressco, 19.Oct.2023) — CSI Compressco LP (NASDAQ: CCLP) announced that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended 30 September 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on 14 […]
FACTBOX: Top Candidates in Venezuela’s Opposition Primary
(Reuters, 19.Oct.2023) — Voters in Venezuela will on Sunday choose a unity candidate from among 10 hopefuls to represent the country’s opposition in 2024 presidential elections, when President Nicolas Maduro is expected to seek re-election. The primary is the first held by Venezuela’s opposition in over a decade. Favorite Maria Corina Machado is […]
Jinko Solar Reveals Some Estimates of Preliminary Financial Results
(JinkoSolar, 18.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) published estimates of certain preliminary unaudited financial results for the nine months ended 30 September 2023. For the nine months ended 30 September 2023, (i) the preliminary unaudited net […]
GITEX Impact Raises the Bar for Climate Tech and Sustainability Leadership
(GITEX, 18.Oct.2023) — Building on the momentum of COP28, GITEX GLOBAL debuted GITEX Impact, the region’s largest climate tech catalyst for sourcing clean energy solutions towards tackling global warming. The show brings together sustainability leaders to source and discuss green transition solutions and strategies, empowering climate tech companies and startups with the […]
Biden Eases Sanctions on Venezuelan Oil, Republicans Howl
(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the South American country’s oil industry in response to its new agreement to allow free elections next year. The move reverses years of U.S. policy aimed […]
Venezuela’s Oil Sanctions Relief May Lift Profits, No Fast Output Rebound
(Reuters, 18.Oct.2023) — A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said. The South American OPEC producer received broad waivers from […]
Lithium South Expands Production Goals with Updated PEA
(Lithium South, 18.Oct.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce that it has selected Knight PiĂ©sold Consulting (KP) and JDS Energy & Mining (JDS) to prepare an updated National Instrument 43-101 Preliminary Economic Assessment (PEA) on its flagship Hombre Muerto North Lithium Project […]
![FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2018/07/DSCF79430001-1200x635.jpg)
FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]
(US Department of State, 18.Oct.2023) — On October 18, 2023, the United States welcomed the announcement of a political agreement between representatives of Maduro and the Unitary Platform, as part of the longstanding policy to support the peaceful restoration of democracy, competitive elections, and respect for the rights and freedoms […]
Venezuela to Divert Barrels from China if US Continues Easing Sanctions
(Reuters, 18.Oct.2023) — Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said. The administration of U.S. President Joe Biden plans to provide some […]
Africa’s $800bn Upstream Investment Cycle
(WoodMac, 18.Oct.2023) — The African upstream oil and gas sector is in the middle of an US$800bn capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Ian Thom, Upstream Research Director at Wood Mackenzie. Speaking at […]
Senior Administration Officials on Venezuela
(US Department of State, 18.Oct.2023) — Senior US Departement of States administration officials held a teleconference to discuss political advancements in Venezuela. MODERATOR: Good evening, everyone, and thank you so much for joining us this evening for this background call on Venezuela. This evening’s call is on background and attributable […]
Versalis: Acquisition of Novamont Finished
(Eni, 18.Oct.2023) — Versalis now holds the entire share capital of Novamont, of which it already owned 36%. The transaction, announced on 28 April and authorised by the relevant authorities, was completed today with Mater-Bi, a subsidiary of Investitori Associati II and NB Renaissance, acquiring 64% of Novamont’s shares. Novamont, […]
SOAR Energy Launches SolarScan, an AI-Powered Home Energy Assessment Tool
(SOAR Energy, 18.Oct.2023) — SOAR Energy, a growing solar company powered by Better Earth, today announced the launch of SolarScan, its artificial intelligence (AI) and machine learning (ML) powered home energy assessment tool for homeowners and solar contractors to analyze properties and receive a curated report on potential savings and power […]
African Leaders Slam Western Energy ‘Hypocrisy’ but Financing Woes Remain
(S&P Global, 17.Oct.2023) — In a rousing performance to open African Energy Week in Cape Town, the cry went out from a young troupe of singers: “We want change, we want energy, we want our basic human rights.” The pointed call to action set the tone for the continent’s largest […]
Venezuelan Oil Output Could Jolt if Reported Sanctions Deal Transpires: Rystad
(Rystad, 17.Oct.2023) — A reported deal between the US and Venezuela to ease sanctions on the South American country’s oil industry could pave the way for a medium-term increase in production of 200,000 barrels per day (bpd). The deal, reported by US media on Monday, would see the US ease […]
Tecpetrol on Alpha Lithium Tender
(Tecpetrol, 17.Oct.2023) — Tecpetrol Investments S.L. issued a reminder to shareholders of Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) to tender their shares in advance of the Offer deadline of 5:00 p.m. (Vancouver time) on 20 October 2023. Shareholders using a broker may have an earlier cut-off time and are urged […]
Energy Chamber Welcomes Progress on Dragon Field Development
(The Energy Chamber, 17.Oct.2023) — The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and Energy Industries, The Honourable Stuart Young, of the further progress with the development of Dragon field and the granting of an amended license from the […]
US State Department: Joint Statement on Venezuela Negotiations
(US Department of State, 17.Oct.2023) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, the Canadian Minister of Foreign Affairs the Honourable MĂ©lanie Joly, and the United Kingdom Secretary of State for Foreign, […]
US Grants License Amendment to Trinidad for Joint Natgas Project with Venezuela
(Reuters, 17.Oct.2023) — The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country’s Energy Minister Stuart Young said on Tuesday. The amendment would allow payments to Venezuela for any gas supplied […]
T&T Can Pay Cash for Dragon Field Gas
(Trinidad Express, 17.Oct.2023) — Trinidad and Tobago can now make cash payments to VeneÂzuela for the natural gas extracted from the Dragon field, Energy Minister Stuart Young has announced. He also disclosed that the United States government has approved an amendment to the licence granted in January for the joint […]
![Trinidad on Amendment to OFAC License [Video]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/meei-hq-in-pos-trinidad-energy-analytics-institute-scaled.jpg)
Trinidad on Amendment to OFAC License [Video]
(TT MEEI, 17.Oct.2023) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced that The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, issued an amendment to the license granted to the […]
Scotland: TotalEnergies Commissions Its Biggest Offshore Wind Farm
(TotalEnergies, 17.Oct.2023) — TotalEnergies and its partner SSE Renewables announced that their Seagreen offshore wind farm is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North Sea, some 27 […]
Orvana Achieves FY:2023 Guidance
(Orvana, 16.Oct.2023) — Orvana Minerals Corp. (TSX: ORV) reports fourth quarter of fiscal year 2023 (“Q4 FY2023”) production and exploration results from Spain and announces the registration of its subsidiary, Empresa Minera PaititĂ, S.A. (EMIPA), as a Bond Issuer in the Bolivian stock market. Highlights Q4 FY2023 production of 15,567 gold equivalent ounces […]
Petrobras Breaks Monthly, Quarterly Production Records
(Petrobras, 16.Oct.2023) — Petrobras broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 […]
Marathon Oil Inks LNG Sales Deal for Alba Gas in E.G.
(Marathon, 16.Oct.2023) — Marathon Oil Corporation (NYSE: MRO) announced that through its wholly-owned subsidiaries it has entered into a five-year firm LNG sales agreement with Glencore Energy UK Ltd, a subsidiary of Glencore PLC (LSE: GLEN), for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along with likeminded partners and other friends of Venezuela, the United States will continue its efforts to unite the international community in support of the Venezuelan-led […]