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Getech Releases Globe 2023 with New Capabilities for Resource Exploration 

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(Getech, 23.Aug.2023) — Getech, a locator of subsurface resources, has released a new version of its proprietary digital platform, Globe. Globe models the last 400 million years of Earth’s evolution into c. 40,000 layers of geological data that facilitate the exploration of subsurface resources, including critical minerals, natural hydrogen, petroleum, […]

Permian Resources to Buy Earthstone in All-Stock $4.5bn Deal

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(Permian Resources, 21.Aug.2023) — Permian Resources Corporation (NYSE: PR) and Earthstone Energy, Inc. (NYSE: ESTE) have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 bn, inclusive of Earthstone’s net debt. Under the terms of the transaction, each share […]

Commonwealth LNG and Baker Hughes In Strategic Deal

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(Commonwealth, 21.Aug.2023) — Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG’s liquefied natural gas facility under development in Cameron Parish, Louisiana. Baker Hughes will work with Commonwealth LNG on maximizing the project’s output and minimizing emissions through the use of Baker Hughes’ LM9000 aeroderivative gas turbine technology […]

ZIM Reports 2Q:23 Financial Results

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(ZIM, 21.Aug.2023) — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months ended June 30, 2023. Second Quarter 2023 Highlights Net loss for the second quarter was $213mn (compared to net income of $1,336mn in the second quarter of 2022), or a […]

CNOOC: Net Production Hit Record High

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(CNOOC, 17.Aug.2023) — CNOOC Limited announces its 2023 interim results for the six months ended June 30, 2023. In the first half of the year, the company continued to pursue high-quality development, increasing efforts in oil and gas exploration and development, and improving quality and efficiency of the operations. The company […]

Ecopetrol Reveals Senior Management Changes

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(Ecopetrol, 17.Aug.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, to strengthen the team facing the new challenges of the company, in its board of directors meeting held on 16 August 2023, the following changes were made to the senior management of the company: 1. MarĂ­a Juliana Albán Durán, Corporate Vice President […]

Petrobras on New IR Executive Manager

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(Petrobras, 17.Aug.2023) — Petrobras‘ Executive Board has approved the appointment of Mr. Eduardo De Nardi Ros to the position of Investor Relations Executive Manager, effective today. Eduardo De Nardi holds a degree in Economics from the Federal University of Rio Grande do Sul (UFRGS), with a master’s degree in Economics […]

Aris Mining Announces High Grade Drilling Results

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(Aris Mining, 16.Aug.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces the results received to date from its ongoing 2023 exploration program at its Segovia Operations in Colombia. The 84,500 metre (m) exploration drilling program is now 58% complete. Neil Woodyer, CEO of Aris Mining, commented “Our program encompasses the exciting […]

SQM Reports Earnings for Six Months Ended 30 June 2023

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(SQM, 16.Aug.2023) — Sociedad QuĂ­mica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the six months ended 30 June 2023 of $1,330.1mn ($4.66 per ADR), a decrease of approximately 20% from $1,655.4mn ($5.80 per ADR) for the six months ended 30 June 2022. Gross profit reached $1,920.7mn (44.5% of […]

Petrobras on FPSO Anita Garibaldi

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(Petrobras, 16.Aug.2023) — Petrobras informs that it put into production, this Wednesday, 16 August 2023, the Anita Garibaldi platform ship in the Campos Basin. Of the FPSO type (floating system that produces, stores and transfers oil), the unit will operate simultaneously in the post-salt and pre-salt of the Marlim and […]

Desert Mountain Moves Helium Processing Facility to New Mexico

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(Desert Mountain Energy Corp., 16.Aug.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S.OTC: DMEHF) (Frankfurt: QM01) has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The company expects this process to take […]

Petrobras on Tax Liabilities

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(Petrobras, 15.Aug.2023) — Petrobras, in relation to the news released in the media, clarifies that any decisions regarding the management of its tax liabilities are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures, considering the analysis of risks of possible unfavorable decisions […]

Petrobras on Paraná Fertilizer Plant

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(Petrobras, 14.Aug.2023) — Petrobras informs that it is in the final phase of studies for the resumption of fertilizer production at Araucária Nitrogenados (ANSA), its subsidiary in Paraná. After finalizing the technical and economic feasibility studies, the resumption project will be submitted for approval by the company’s Executive Board and […]

Orvana Reports Quarterly Results

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(Orvana, 11.Aug.2023) — Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 30 June 2023. Q3 FY2023 Orovalle Highlights: Production of 13,398 gold equivalent ounces (1) (11,522 gold ounces, 0.8 million copper pounds and 25,965 silver ounces). Q3 FY2023 COC at $1,392 and AISC at $1,712. YTD Q3 FY2023 COC at $1,378 and AISC at $1,667. […]

Africa Energy Announces 2Q:23 Results [PDF Download]

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(Africa Energy Corporation, 11.Aug.2023) — Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) announces financial and operating results for the three and six months ended June 30, 2023.  OUTLOOK The Block 11B/12B1 joint venture has applied for the Production Right and is contemplating an early production system (“EPS”) for a phased development of […]

Petrobras Pondering Petrochemical Sector Strategy

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(Petrobras, 10.Aug.2023) — Petrobras, regarding the pieces of news published in the media, about its participation in Braskem, reaffirms that it is currently developing analyses to define the best alternative for the execution of its strategy in the petrochemical sector within the scope of its Strategic Planning. In this sense, […]

Lithium South on Production Well Program

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(Lithium South, 10.Aug.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) has formalized a contract with Well Drilling of Salta, Argentina, for the provision of a two-phase program of up to six production/pumping wells for the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. Phase One […]

Tullow Sells Interest in TGBV to Eco Guyana

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(Tullow, 10.Aug.2023) — Tullow Oil Plc agreed to sell its total interest in Tullow Guyana B.V. (TGBV), which includes the Orinduik licence (Tullow 60% operated equity) in Guyana to Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration. “This transaction is […]

Braskem Records Quarterly Recurring EBITDA of $140mn

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(Braskem, 9.Aug.2023) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world’s leading biopolymers producer, presents its 2Q23 Earnings Release. 2Q23 HIGHLIGHTS  CONSOLIDATED Recurring EBITDA of US$140 MM, about R$703 million. Lower than 1Q23 (US$205 MM) and 2Q22 (US$802 MM). Liquidity of US$2.9 bi, return on cash flow of […]

COP28 President-Designate Stands with Brazil’s Lula da Silva

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(COP28, 9.Aug.2023) — Following talks at the Amazon Cooperation Treaty Organization (ACTO) Summit in the city of BelĂ©m, COP28 President-Designate Dr. Sultan Al Jaber and Brazil’s President Lula da Silva have expressed their joint commitment to deliver a more equitable climate future, by putting nature at the core of the climate agenda at  COP28. COP28 President-Designate Dr. Sultan Al Jaber commends […]

Petrobras on Strategic Plan 2024-2028

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(Petrobras, 7.Aug.2023) — Petrobras, in relation to the news released in the media and as disclosed to the market on 06/01/2023, informs that the Strategic Plan 2024- 2028 will have as a driver, among others, the forecast of low-carbon CAPEX for the range between 6% and 15% of the total […]

CSI Continues Leverage Reduction

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(CSI, 7.Aug.2023) — CSI Compressco LP (NASDAQ: CCLP) announced second quarter 2023 results. Second Quarter 2023 Results: Total revenues were $96.8mn compared to $84.5mn in the second quarter 2022. Contract services revenue increased to $70.5mn compared to $64.3mn in the second quarter 2022. Net loss was $2.6mn compared to a net loss of $6.8mn in the second quarter 2022. Adjusted EBITDA was $32.5mn compared to $26.4mn in […]

Scala Data Centers Enables New Hyperscale Market in Chile

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(Scala Data Centers, 7.Aug.2023) — Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, announces the start of the SSCLCR01 data center operations, located in Curauma, ValparaĂ­so region, Chile. Scala’s new data center, boasting an investment of $65mn and a robust 5MW of IT capacity, has […]

Authorities Approve JV between Aker Solutions, SLB and Subsea7

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(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals.  Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]

Hot Chili Starts Drill Program At Costa Fuego Project

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(Hot Chili Limited, 3.Aug.2023) ) — Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announced that drilling has re-commenced across the western extension of the Cortadera porphyry resource, part of the Company’s Costa Fuego Copper-Gold Project located 600 km north of Santiago, at low elevation (<1,000 m) in the coastal range […]

Eni Revokes Force Majeure on Three Exploration Assets in Libya

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(Eni, 3.Aug.2023) — Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in […]

Noble Reports 2Q:23 Results

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(Noble, 2.Aug.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported second quarter 2023 results. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation plc, stated “Our second quarter results reflected solid operational and financial performance. Our recent initiation of a quarterly dividend starting at $0.30 per share, combined with $60mn of share […]

Bristow Group Reports 2Q:23 Results

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 (Bristow, 2.Aug.2023) — Bristow Group Inc. (NYSE: VTOL) reported net loss attributable to the company of $1.6mn, or $0.06 per diluted share, for its quarter ended June 30, 2023 (the “Current Quarter”) on operating revenues of $311.5mn compared to net loss attributable to the company of $1.5mn, or $0.05 per diluted share, for the quarter ended 31 March 2023 (the “Preceding […]