(Frontera, 31.Jul.2023) — Frontera Energy Corporation (TSX: FEC) announces that its second quarter 2023 results will be released after markets close on Thursday, 10 August 2023. A conference call for investors and analysts will be held on Friday, 11 August 2023, at 11:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of […]
Ecopetrol on Operation to Sanction Hydrocarbon Theft and Smuggling
 (Ecopetrol, 31.Jul.2023) — Considering the information known to public, the Board of Directors of Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reiterates the press release issued by the company yesterday, which stated that Ecopetrol, Cenit and Oleoducto de Colombia have actively collaborated with the different authorities for the execution of the “Bunkering Imperio” operation. In […]
TotalEnergies Named Most-admired Explorer in WoodMac Survey
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies […]
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Petrobras 2Q:23 Results [PDF Downloads]
(Petrobras, 26.Jul.2023) — In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, […]
Vietnam Aims to Raise Raw Rare Earths Output to 2 MMt/y by 2030
(Reuters, 24.Jul.2023) — Vietnam aims to raise its rare earths production to 2.02 million tonnes a year by 2030, according to a government plan reviewed by Reuters, as it seeks to tap one of the world’s largest reserves of key industrial metals. The Southeast Asian country has the world’s second-largest […]
Eni’s Chairman Welcomes Visit of Minister of Economy
(Eni, 21.Jul.2023) — Eni’s Chairman, Giuseppe Zafarana, and CEO Claudio Descalzi welcomed the Minister of Economy and Finance, Giancarlo Giorgetti, the President of Lombardy, Attilio Fontana, the Councillor for Economic Development of Lombardy, Guido Guidesi, and the Mayor of San Donato Milanese, Francesco Squeri, to Eni’s Research Centre in Bolgiano to […]
Equinor Buys Rio Energy Including Selected Assets
(Equinor, 21.Jul.2023) — Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. […]
Sale of Certain Rio Energy Assets, Trade Name to Equinor
(Denham Capital, 21.Jul.2023) — Denham Capital, the global energy transition investment firm, has signed an agreement with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Rio Energy, a leading developer, owner and operator of renewable energy projects in Brazil delivers low […]
Mainstream Initiates Judicial Reorganization Proceedings in Chile
(Mainstream Renewable Power, 20.Jul.2023) — Mainstream Renewable Power confirms it has initiated Judicial Reorganisation Proceedings for Huemul EnergĂa SpA and Condor EnergĂa SpA (the “EnergĂa Companies”), which are part of its 1.4 GW Andes Renovables wind and solar platform in Chile. Following a period of constructive engagement with the lenders […]
TGS Announces 2Q:23 Results
(TGS, 20.Jul.2023) — TGS reported interim financial results for Q2 2023. The quarter reflected a continued improvement in market conditions, with strong growth in both POC revenues (1) and contract inflow. Financial highlights: POC revenues (1) were 241mn compared to 136mn in Q2 2022 POC EBITDA of USD 132mn versus USD 103mn […]
BW Energy Starts Third Well in Hibiscus Development
(BW Energy, 20.Jul.2023) — BW Energy announced that production has safely started from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. Well performance is in line with expectations with current production at approximately 6,000 barrels per day. The DHIBM-5H well was drilled […]
![IGU 2023 World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/igu-2023-rpt-cover.png)
IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
Who are Venezuela Creditors Seeking to Seize Citgo?
(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes as a negotiation team representing Venezuela progresses in talks with bondholders and creditors with arbitration awards from expropriation claims, a move to avoid a breakup […]
Transocean Reveals $518mn Ultra-Deepwater Contract
(Transocean, 18.Jul.2023) — Transocean Ltd. (NYSE: RIG) announced that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater Proteus no later than one year prior to the earliest date in the commencement window. […]
Machado would restructure debt into single bond
CARACAS, VENEZUELA (Bloomberg, 18.Jul.2023, Words: 218) — Opposition frontrunner MarĂa Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as part of her plan to overhaul the country’s economy. Speaking after a video presentation to economists and investors in New York on Tuesday, Machado said […]
TotalEnergies, Aramco Complete Processing of oil from Plastic Waste
(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned […]
Jubilee Field Producing Over 100,000 B/D
(Tullow, 17.Jul.2023) — Tullow provided an update on production from its Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing […]
DNO ASA Provides 2Q:23 Trading Update
(DNO ASA, 17.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2023 operating and interim financial results on 17 August at 07:00 (CET). A videoconference call with executive management will follow at 10:00 (CET). The company issues below an update on production and sales volumes for […]
Chesapeake Achieves Grade “A” MIQ
(Chesapeake, 17.Jul.2023) — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that it has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet (bcf) of gross natural gas per day during the first quarter of 2023. The company received a grade A […]
TotalEnergies, Aramco and SABIC Process Oil from Plastic Waste
(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by […]
Tethys Provides Oman Production Update June 2023
(Tethys Oil, 17.Jul.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in June 2023 amounted to 262,861 barrels of oil, corresponding to 8,762 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the […]
Shell Signs 12-Year Deal to Supply Morocco with LNG
(Morocco World News, 14.Jul.2023 ) — has entered into a 12-year agreement to provide the country with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) annually. The deal was signed by the National Electricity and Drinking Water Office (ONEE) and Shell and it aims to support Morocco’s energy needs […]
Wintershall Dea Spuds Bergknapp Discovery Well
(Energy Analytics Institute, 13.Jul.2023) ) — Wintershall Dea spud an appraisal well at the Bergknapp discovery in the Norwegian Sea. With estimated resources of between 38 MMboe and 72 MMboe in the Garn and Tilje formations, the discovery is one of the biggest in Norway this decade. “The appraisal will test if it could […]
ExxonMobil Reveals $4.9bn Purchase of Denbury
(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]
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NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]
(NextDecade, 12.Jul.2023) — NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]
Tullow’s Provides Operations Update
(Tullow, 12.Jul.2023) — Tullow issues the following statement in advance of the Group’s 2023 Half Year Results scheduled for 13 September 2023. The information contained herein has not been audited and may be subject to further review and amendment. Rahul Dhir, Chief Executive Officer of Tullow, commented today: “This is an exciting […]
Petro Victory Energy Corp Appoints New COO
(Petro-Victory, 11.Jul.2023) — Petro-Victory Energy Corp. (TSXV: VRY) announced the appointment of Mr. Andre Naslausky as Chief Operating Officer. With a distinguished international career in the oil and gas industry, Mr. Naslausky has consistently demonstrated his ability to drive profitable growth and operational excellence. Highlights Former Vice President of Schlumberger […]
Shipowners’ Associations and Eni to Decarbonize Maritime Sector
(Eni, 11.Jul.2023) — Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration withAssarmatori and Confitarma as well as three of the largest companies in the maritime sector (Wärtsilä, WinGD and MAN Energy Solutions) and Unem, Federchimica/Assogasliquidi, Assocostieri and RINA. The contributors oversaw the work of […]
Technip and LanzaTech Join Forces on CO2-to-Ethylene
(Technip Energies, 11.Jul.2023) — Technip Energies and LanzaTech Global, Inc. signed a joint collaboration agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals. Ethylene is a building block […]
Rio Grande Valley LNG Projects Hit with Legal Lawsuits
(Sierra Club, 11.Jul.2023) — Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]
Norway Reports Largest Hydrocarbon Find in a Decade
(DNO ASA, 10.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources […]
Dominion Energy to Divest Remaining Interest in Cove Point
(Dominion Energy, 10.Jul.2023) — Dominion Energy (NYSE: D) concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the facility and owns a 100% general partner and 25% limited partner […]
Argentina Inaugurates Gas Pipeline to Reverse Energy Deficit
(Reuters, 9.Jul.2023) — Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country’s significant energy deficit. Vaca Muerta, a […]
Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors
(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to pay creditors with claims on the nation’s foreign assets. Venezuela is battling in U.S. court against bondholders and creditors claiming more than $20 billion from […]
Ecopetrol on Prepayment of Notes Maturing in Sep. 2023 [PDF Download]
(Ecopetrol, 7.Jul.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), as part of its comprehensive debt management, will redeem (make whole) the remaining amount of its international notes maturing in September 2023, which were issued in 2013. The outstanding principal amount of the notes is $821.5mn with a coupon rate of 5.875% (CUSIP: 279158 AC3 / ISIN: […]
Welligence Reveals LNG Outlook to 2030
(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]
Reliance and bp Start Production from KG D6 Block
(Reliance Industries, 6.Jul.2023) — Reliance Industries Limited (RIL) and bp p.l.c. confirmed the commencement of production from the MJ field, following testing and commissioning activities. The MJ field represents the last of three major new deepwater developments the RIL-bp consortium have brought into production in block KG D6 off the east […]
Baker Hughes to Supply Three Trains for Rio Grande LNG
(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]
Desert Mountain on Closing of Initial New Mexico Project
(Desert Mountain Energy Corp., 6.Jul.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has closed on the purchase of the West Pecos Slope Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The company has assumed operations and the revenue stream from the existing wells. […]
Financing Energy Transition Needs Collective Action
(Boston Consulting Group, 6.Jul.2023) — Boston Consulting Group’s Rebecca Fitz talks about why financing the energy transition will take a collective action. BCG: When it comes to climate investment, what is the gap between what we need to spend and what is actually being invested? Rebecca Fitz: Most of the analysis on […]
Apex Group on Launch of Argento Energy FundÂ
(Apex Group, 6.Jul.2023) — Apex Group Ltd., a global financial services provider, appointed BTC Investment Group to deliver fund services to its Argento Energy Fund LP. Argento Energy Fund was launched by the family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a […]
bp Expands Investment in Bioenergy
(bp, 6.Jul.2023) — bp expanded its investment in bioenergy today as bp ventures committed $10mn, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol. Highlights: bp invests $10mn […]
PetroTal Reveals Record Production in 2Q:23
(PetroTal, 6.Jul.2023) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announce the following operational and corporate update. Record Q2 2023 Production PetroTal achieved a record production of 19,031 barrels of oil per day (bopd) in Q2 2023. This was underpinned by robust production from the company’s newly drilled 15H well and […]
SLB Awarded Contract for Petrobras’ Digital Transformation
(SLB, 6.Jul.2023) — SLB (NYSE: SLB) has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents […]
TGS Reveals Seismic Project in West Coast India
(TGS, 6.Jul.2023) — TGS, a provider of energy data and intelligence, announced an extensive West Coast India seismic processing project that complements the India East Coast 2D-cubed project from 2022. The project encompasses all available 2D seismic data across over three-quarters of a million square kilometers offshore India’s west coast. TGS will […]
Expro Reveals Contract for Advance Subsea Technology
(Expro, 5.Jul.2023) — Energy services provider Expro (NYSE: XPRO) has secured a contract with a major operator for the first deployment of its unique and industry-leading single shear and seal high-debris 15K ball valve assembly. The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being designed by […]
Bunge, Chevron Acquire Argentina’s Chacraservicios
(Bunge, 5.Jul.2023) — Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source in Bunge and Chevron’s global supply chains and will help both companies meet the growing demand for […]
Mexico Pacific and Zhejiang Ink Long-Term LNG SPA
(Mexico Pacific, 5.Jul.2023) — Zhejiang Energy International Limited and Mexico Pacific Limited signed a sales and purchase agreement for Zhejiang Energy to offtake 1.0 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.Under the sales […]
Third Coast Buys ArcLight Interest in Perdido Platform
(Third Coast, 5.Jul.2023) — Third Coast Super Holdings, LLC announced a subsidiary has successfully acquired an indirect 26.5% non-operated interest in the Perdido Regional Host from a subsidiary of ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners, LLC (“ArcLight”). Perdido is a spar platform located in […]
OMV Secures Additional Gas Transport Capacities Until 2028
(OMV, 5.Jul.2023) — OMV secured additional European gas transport capacities to Austria. In this year’s annual auction, OMV was awarded capacities of around 40 TWh p.a. for the period between October 2023 to September 2026, and around 20 TWh p.a. for the period between October 2026 to September 2028. The border […]