(Hess, 15.Sep.2023) — Hess Corporation announced that the special limited Collector’s Edition Ocean Explorer toy, commemorating Hess Corporation’s 90th anniversary, is now on sale exclusively at HessToyTruck.com for $59.99 with free standard shipping and Energizer® batteries included. This highly limited edition is the third in the Collector’s Series and salutes Hess’ proud history — from the […]
Petrobras Updates on Offshore Wind Protocol at IBAMA
(Petrobras, 15.Sep.2023) — Petrobras, following up on the release disclosed to the market on 13 September 2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability […]
Eni UK Reveals Award of Second UK CO2 Storage License
(Eni, 15.Sep.2023) — Eni announces that its subsidiary in the United Kingdom (Eni UK) has been awarded a Carbon Dioxide Appraisal and Storage Licence (CS Licence) by the North Sea Transition Authority (NSTA) for the depleted Hewett gas field located 20 km offshore from Bacton, in the Southern North Sea […]
Arena Energy Awarded Seven Blocks in GOM Lease Sale 259
(Arena, 14.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 . Arena was the successful high bidder on seven leases in Lease Sale 259 held […]
Bladex Acts as Joint Arranger for Ecopetrol $1bn Term Loan Facility
(Ecopetrol, 14.Sep.2023) — Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closing of a $1bn Term Loan Facility for Ecopetrol S.A. Bladex acted as Joint Lead Arranger and three additional financial institutions joined the facility including Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The funds from the Facility will be […]
Petrobras Comments on RNEST
(Petrobras, 14.Sep.2023) — Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 29 June 2023, the co. decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery – RNEST, after a decision based on a careful […]
Petrobras Inks Deal to Evaluate Renewable Energy Opportunities
(Petrobras, 14.Sep.2023) — Petrobras informs that on 14 September 2023 it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate renewable energy projects in Brazil. The aim is to develop joint studies to study business opportunities in onshore wind, offshore wind, solar and low-carbon hydrogen […]
Aris Starts Trading on NYSE American LLC as “ARMN”
(Aris Mining, 14.Sep.2023) — Aris Mining Corporation’s (TSX: ARIS) (NYSE-A: ARMN) common shares will commence trading on the NYSE American LLC at market open today under the ticker symbol ARMN. Aris Mining’s common shares will continue trading on the TSX under the ticker symbol ARIS. Concurrent with the start of […]
ConocoPhillips Add Long-Term Agreement for European Regas Capacity
(ConocoPhillips, 14.Sep.2023) — ConocoPhillips (NYSE: COP) announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG resource positions in Qatar and Australia, […]
Citgo Petroleum Prices $1.10bn Senior Secured Notes
(Citgo, 14.Sep.2023) — Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended. The closing of the offering is expected to occur on 20 September 2023, subject to customary […]
Petrobras Inks Partnership with WEG for Onshore Wind
(Petrobras, 13.Sep.2023) — Petrobras has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt (MW) onshore wind turbine, the first of this size to be manufactured in Brazil. This project represents an important milestone for Petrobras, as it will […]
APA Corporation and TotalEnergies Launch Block 58 Development Studies
(APA Corporation, 13.Sep.2023) — APA Corporation (Nasdaq: APA) and TotalEnergies have announced the launching of development studies for a large oil project in Block 58, offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA (50%). Successful appraisal of the two main oil discoveries, with […]
Ecopetrol Updates on Refinería de Cartagena and Arbitration Proceeding
(Ecopetrol, 11.Sep.2023) — Ecopetrol issues the following response in relation to the statement on 8 September 2023 by McDermott International regarding its intention to start financial restructuring proceedings for its CB&I subsidiaries in the United Kingdom and the Netherlands, in the aftermath of the arbitral award issued by the International Arbitration Tribunal of the International […]
TotalEnergies Eyes Studies for 200,000 b/d Project in Suriname’s Block 58
(TotalEnergies, 13.Sep.2023) — On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project […]
Guyana Receives Bids for Eight Blocks, Including from Exxon, Total
(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil majors like Exxon Mobil, Hess Corp and TotalEnergies, the government and documents seen by Reuters showed on Wednesday. The Ministry of Natural Resources confirmed that […]
United to Buy up to One Billion Gallons of SAF from Cemvita
(United/Cemvita, 13.Sep.2023) — Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of sustainable aviation fuel (SAF) from Cemvita’s first full-scale SAF plant. Under the agreement, signed by Cemvita and United Airlines, Cemvita will supply United Airlines up to 50 million gallons annually for 20 years […]
Ecovyst Plans Expansion of Kansas City, KS Silica Catalyst Production Capability
(Ecovyst, 13.Sep.2023) — Ecovyst Inc. announced plans to expand silica catalyst production capability at its manufacturing facility in Kansas City, KS. The company expects that growing consumer demand for plastics will continue to drive the global expansion of polyethylene production over the coming years. Silica supported catalysts play a crucial role […]
Citgo Valued at $32bn-$40bn Ahead of Auction of Shares
(Reuters, 12.Sep.2023) — Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a court official during a hearing in Delaware on Tuesday. The value of the Houston-based refiner was disclosed during the hearing to update a U.S. judge […]
Chevron Acquires Majority Stake in Hydrogen Project in Delta, Utah
(Chevron, 12.Sep.2023) — Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC and thus a majority interest in ACES Delta, LLC, which is a joint venture between Mitsubishi Power Americas, Inc. and Magnum Development. […]
Which Creditors Will Have Priority for Citgo Share Auction?
(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy more than $20 billion in claims by creditors. Dozens of companies and bondholders have flocked to U.S. courts to […]
BP CEO Looney to Resign After Personal Relationships with Colleagues
(Reuters, 12.Sep.2023) — BP CEO Bernard Looney has stepped down after less than four years in office for failing to fully disclose details of past personal relationships with colleagues, the company said on Sept. 12. BP CFO Murray Auchincloss will act as CEO on an interim basis after Looney stepped […]
Aris Mining Reports Record Segovia Gold Production
(Aris Mining, 11.Sep.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces record gold production of 19,406 ounces at its Segovia Operations in Colombia during August 2023, the highest monthly production since the expansion of the Maria Dama processing plant in 2022. This is a result of our efforts in optimization and improvement and represents […]
Ecopetrol Adjusts its 2040 Strategy, Called “Energy that Transforms”
(Ecopetrol, 11.Sep.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that as part of the Investor Day celebration at the New York Stock Exchange (NYSE), on 11 September 2023, it will present adjustments to its 2040 Strategy, in accordance with the approval of such adjustments by the Board of Directors pertaining the following […]
Eni Tops TotalEnergies as Africa’s Top Producer
(Energy Analytics Institute, 11.Sep.2023) — Eni actually takes the top spot as Africa’s top producer, not TotalEnergies, according to Welligence Energy Analytics. Producing around 900,000 boe/d, 40% of Eni’s output comes from Algeria and Libya. The rest is sourced from Nigeria, Ghana, Congo-Brazzaville, Mozambique, Angola and Tunisia, Welligence announced 11 […]
Colombia Mulls Making Ecopetrol Mandatory Partner in Offshore Wind Farms
(Reuters, 11.Sep.2023) — Colombia’s government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia’s first-ever offshore wind […]
McDermott to Position Company for Long-term Success
(McDermott, 8.Sep.2023) — McDermott International, Ltd has entered into a transaction support agreement with more than 75%, in aggregate, of its secured letter of credit (“LC”) providers, funded debt creditors and equity holders to initiate a financial restructuring process to strengthen its capital structure, enhance its liquidity position, and further […]
CarbonClear Buys Carbon Credits from iluméxico
(CarbonClear, 8.Sep.2023) — CarbonClear, a data-driven carbon credit standard, facilitated Uber Mexico‘s purchase of carbon credits from iluméxico through Apala Group. This landmark transaction signifies a significant step forward in corporate sustainability efforts and the fight against climate change. iluméxico, a leader in providing sustainable energy solutions across Mexico, has been […]
Schneider Electric to Build Sustainable and Energy Efficient Homes
(Schneider Electric, 7.Sep.2023) — Schneider Electric is renewing its long-standing partnership with Habitat for Humanity International. Through the partnership, Schneider Electric will contribute nearly $800,000 in monetary donations along with electrical equipment to help Habitat families reduce their utility costs and make their homes more affordable, sustainable and energy efficient. This […]
Bristow and Volocopter to Bring UAM Services to US and UK
(Bristow, 7.Sep.2023) — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, and Volocopter, the pioneer of Urban Air Mobility (UAM), have signed an agreement to explore and develop passenger and cargo services for electric vertical takeoff and landing (eVTOL) aircraft in the U.S. and […]
Arena Energy and White Fleet Drilling Christen Refurbished Jack-Up Drilling Rig
(Arena Energy, 7.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, and White Fleet Drilling, LLC, Arena’s strategic partner created in 2017 as a jack-up rig services provider and Arena’s preferred drilling contractor, announced the christening and mobilization of a refurbished […]
Repsol Sells E&P Assets in Canada for $468mn
(Repsol, 7.Sep.2023) — Repsol agreed to sell its oil and gas assets in Canada to Peyto for $468mn (approximately €433mn) as part of its ongoing portfolio management to focus activity on core regions. Highlights: The deal is part of Repsol’s ongoing portfolio reorganization to focus activity on core regions. The […]
Repsol Enters US Onshore Wind Market with Acquisition of ConnectGen
(Repsol, 7.Sep.2023) — Repsol has taken a significant step to accelerate its multi-energy transformation to net zero emissions by 2050. The Spanish company signed today an agreement to acquire US renewable development company ConnectGen for $768mn (c.€715mn) from Quantum Capital Group’s global renewable energy development platform, 547 Energy. Highlights: Repsol […]
Touchstone Commences Cascadura Production
(Touchstone, 7.Sep.2023) — Touchstone Exploration Inc (TSX, LSE: TXP) announces that the Cascadura natural gas and liquids facility has safely delivered first production. Touchstone has an 80% operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage […]
Ecopetrol to Host Investor Day on Strategy 2040
(Ecopetrol, 6.Sep.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that next Monday, 11 September 2023, it will hold an Investor Day to commemorate the company’s 15th anniversary of its listing on the New York Stock Exchange (NYSE). We invite you to be part of this important event for the future of the company […]
Equinor Expands Renewable Portfolio in Poland
(Equinor, 5.Sep.2023) — Equinor has acquired a 26 MW onshore wind farm in Poland from the Helios Group. With this investment, Equinor expands its broad energy offering in Poland and delivers on its market-driven power producer strategy. The Wilko wind farm is located in the Wielkopolska province and will be […]
Venture Global and Baker Hughes Expand Master Equipment Supply Agreement
(Venture Global, 5.Sep.2023) — Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the […]
African School of Regulation Launches during African Climate Summit
(The Rockefeller Foundation, 5.Sep.2023) — The African School of Regulation (ASR) officially launched today during the Africa Climate Summit 2023, which is co-hosted by the Republic of Kenya and the African Union. The ASR, which will now be incubated by the African Capacity Building Foundation (ACBF), with headquarters in Accra, Ghana, will strengthen […]
![An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/md-africa-source-md.jpg)
An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]
(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans
(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed […]
UK to Struggle to Meet Ambitious 2030 CCUS Targets
(WoodMac, 5.Sep.2023) — The global CCUS project pipeline is buoyant but scaling up needs concerted and consistent effort from governments. Only a handful of countries have policy and regulation ready to adopt CCUS today and the United Kingdom (UK) is one of them, says Mhairidh Evans, Head of CCUS Research […]
bp Enters LNG Offtake Deal for British Columbia LNG Facility
(bp, 5.Sep.2023) — bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis, all […]
Petrobras Executes First Purchase of Carbon Credits
(Petrobras, 5.Sep.2023) — Petrobras has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon […]
Petrobras Updates on Asset Divestments
(Petrobras, 4.Sep.2023) — Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage […]
Petrobras Inks Biofuels Agreement
(Petrobras, 4.Sep.2023) — Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a multi-strategy equity investment fund of the Mubadala Capital Group, to develop studies covering future business in the downstream segment, with emphasis on evaluating Petrobras’ participation in a biorefining project. The Mubadala Capital […]
Two COSL Rigs Awarded Drilling Contracts
(Equinor, 31.Aug.2023) — Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract values are calculated at around $369mn for both firm periods. The COSLPromoter is already contracted to Equinor and will commence on the new contract in […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Equinor Acquires Stake in Bayou Bend CCS Project
(Equinor, 28.Aug.2023) — Equinor has acquired a 25% interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas. “Commercial CCS solutions are critical for hard-to-abate industries to meet their climate ambitions while maintaining […]
Petrobras Inks Deals with Chinese Banks
(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras’ supply chain, and (iii) increasing and facilitating commercial and financial exchanges […]
Petrobras Inks Closing of Golfinho and Camarupim Clusters
(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim […]