(Petrobras, 5.May.2023) â Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023 and 05/02/2023, informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production at 9 more Bahia Terra Cluster facilities (Nova TororĂł Collector Station, Pereira Collector […]
Sempra on 1Q:23 Earnings Results [PDF Download]
(Sempra, 4.May.2023) â Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2023 earnings of $969mn, or $3.07 per diluted share, compared to first-quarter 2022 earnings of $612mn, or $1.93 per diluted share. On an adjusted basis, the company’s first-quarter 2023 earnings were $922mn, or $2.92 per diluted share, compared to $924mn, or $2.91 per diluted share, in 2022. “At Sempra, our strategy is […]
Enbridge on Tolling Deal on Mainline Liquids System
(Enbridge, 4.May.2023) â Enbridge Inc. (TSX: ENB) (NYSE:Â ENB) (Enbridge or the Company) announced that it has reached an agreement in principle on a negotiated settlement (the settlement) with shippers for incentive tolls on its Mainline liquids system, which moves over 3 million barrels a day of crude oil and liquids […]
AES On Track to Meet 2023 Guidance
(AES, 4.May.2023) â The AES Corporation (NYSE:Â AES) reported financial results for the quarter ended March 31, 2023. Highlights: Strategic Accomplishments On track to complete 2023 construction projects of more than 3 GW of renewables AES Ohio signed a comprehensive settlement for its Electric Security Plan (ESP4), providing the regulatory foundation necessary to […]
Marathon Reports 1Q:23 Results
(Marathon, 3.May.2023) â Marathon Oil Corporation (NYSE: MRO) reported first quarter 2023 net income of $417mn or $0.66 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $420mn or $0.67 per diluted share. Net operating cash flow was $865mn or $942 million before […]
Frontera Reveals 1Q:23 Results
(Frontera, 3.May.2023) â Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended March 31, 2023. All financial amounts in this news release are in United States dollars unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera’s first quarter results were in-line with […]
Tellurian Reports Weak 1Q:23 Financial Results [PDF Download]
(Tellurian, 3.May.2023) â Tellurian Inc. (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction, added to natural gas acreage, production and sales, and repaid $166.7mn in principal balance of borrowing obligations in the first quarter 2023. Subsequent to the quarter end, Tellurian also advanced Driftwood project funding […]
Nacero to Submit Part II Application for Texas SAF Facility
(Nacero, 5.May.2023) â Nacero, Inc. announced that its Nacero TX subsidiary has been invited by the U.S. Department of Energy (DOE) to submit a Part II application for a loan guarantee through the Loan Programs Office’s (LPO) Title XVII Innovative Clean Energy Loan Program for 75% of the capital needed for its […]
LatAm Gas Resources and Development Challenges: WoodMac
(WoodMac, 3.May.2023) â Latin America has significant gas resources that have not been prioritised for development. Natural gas demand in the region will continue to grow, however, driven by the replacement of coal in power generation and industrial processes. To meet this demand, Latin America will need to maximise its […]
Vespene and Viridi Launch Pilot Using Landfill Methane Emissions
(Vespene, 2.May.2023) â Vespene Energy, a biogas renewable energy developer, and Viridi Energy, a full-service renewable natural gas (RNG) platform, today announced the launch of their first joint pilot site with a municipal landfill in Marathon County, Wisconsin. Vespene and Viridi are using highly-efficient energy generation equipment to convert the naturally […]
SBM Offshore Inks Deal for its Guyana FPSO Fleet
(SBM, 2.May.2023) â SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka âExxonMobil Guyanaâ) for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana FPSO fleet […]
Ecopetrol on 1Q:23 Earnings Report, Conference Calls
(Ecopetrol, 2.May.2023) â Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 9 May 2023, after market close, it will release its financial and operating results for the first quarter 2023. On Wednesday, 10 May 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and the […]
bp’s First Quarter 2023 Results [PDF Downloads]
(bp, 2.May.2023) â bp reported strong financial results in the first quarter of 2023 and the underlying replacement cost profit for the quarter was $5bn, compared with $4.8bn for the previous quarter. Highlights Underlying replacement cost profit* $5bn Underlying replacement cost profit for the quarter was $5bn, compared with $4.8bn […]
Alaska Airlines and ZeroAvia Developing Zero-emission Aircraft
(ZeroAvia, 1.May.2023) â Alaska Airlines presented a Bombardier Q400 regional turboprop to ZeroAvia that will be retrofitted with a hydrogen-electric propulsion system in an effort to expand the reach and applicability of zero emissions flight technology. At an event, held at ZeroAvia’s Paine Field research and development site, the companies were joined […]
Fitch Affirms Freeport LNG Investments, LLLP of ‘B-‘ïżŒ
(Fitch Ratings, 1.May.2023) â Fitch Ratings has affirmed Freeport LNG Investments, LLLP‘s (FLNGI) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and secured debt rating at ‘B’/’RR3’. The ratings were removed from Rating Watch Negative (RWN) where they were placed on 22 June 2022 and assigned a Negative Rating Outlook. The RWN resolution […]
Exxon Mobil not Quitting Exploration in Brazil
(Reuters, 1.May.2023) â Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company’s country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. “I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all,” Ferrin said, […]
EAIâs NRGBriefs: Apr. 2023
(Energy Analytics Institute, 30.Apr.2023) â Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the court-ordered sale of shares of Citgo Petroleum Corp.âs parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state; OFAC authorizing […]
Eni Reports 1Q:23 Financial, Operational Results [PDF Downloads]
(Eni, 28.Apr.2023) â Eni‘s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the first quarter of 2023. ____________________
Venture Global Inks 20-Year LNG SPA with JERA Co.
(Venture Global, 28.Apr.2023) â Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Globalâs third […]
Pampa EnergĂa Files Form 20-F
(Pampa EnergĂa, 28.Apr.2023) Pampa EnergĂa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent energy integrated companies in Argentina, with participation in the electricity and gas value chain, announces that on 28 April 2023 it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2022 (the ‘2022 annual report’) before […]
ExxonMobil Advances Fifth Offshore Guyana Development
(ExxonMobil, 27.Apr.2023) â ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyanaâs offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026. Highlights: Uaru […]
Hess Sanctions Uaru Development Offshore Guyana
(Hess, 27.Apr.2023) â Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup […]
Petrobras on Annual General Meeting
(Petrobras, 27.Apr.2023) â Petrobras informs that the Annual General Meeting, held today, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Managementâs accounts, examining, discussing and voting on the Managementâs Report and the Companyâs Financial Statements, with the report from the […]
Petrobras on Shareholders Remuneration
(Petrobras, 27.Apr.2023) Â â Petrobras, following the press release disclosed on 1 March 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes […]
Atlas Renewables Inks Largest Private Solar PPA in LatAm
(Atlas Renewable Energy, 27.Apr.2023) â Atlas Renewable Energy signed a power purchase agreement with Albras, the largest primary aluminum producer in Brazil. Under the US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable […]
MPC Energy Solutions 1Q:23 Results Show Rise in Revenues and EBITDA
(MPC Energy, 27.Apr.2023) â MPC Energy Solutions (MPCES) announces its 1Q:23 results. The quarter was marked by several milestones including connecting three more projects to the power grid and signing long-term off-take agreements for new projects. Revenues and operating profits increased significantly compared to 1Q:22. Â “The results of the […]
TotalEnergies Reports Strong 1Q:23 Results [PDF Downloads]
(TotalEnergies, 27.Apr.2023) â TotalEnergies âagain demonstrates its ability to generate strong results, posting in the first quarter 2023 adjusted net income of $6.5 billion,â CEO Patrick PouyannĂ© said. ____________________
ENAP Starts Cash Tender Offer
 (ENAP, 26.Apr.2023) â Empresa Nacional del PetrĂłleo (ENAP) has commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s offer to purchase and consent solicitation statement dated 26 April 2023, for any and all of its outstanding 4.375% Notes due 2024. Capitalized terms […]
Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]
(Hess, 26.Apr.2023) â Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net income of $417mn, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the corporation reported net income of $404mn, or […]
Wintershall Dea Reports Important Shallow Water Find Offshore Mexico
(Wintershall Dea, 25.Apr.2023) Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates the discovery may contain […]
Ecopetrolâs New CEO Seeks to Boost Oil Output Amid Petro Restrictions
(Bloomberg, 25.Apr.2023) â Ecopetrol SA will invest in technology to boost output at oil fields it operates as the Colombian government sticks to a pledge to ban new drilling contracts, according to the companyâs new Chief Executive Officer Ricardo Roa. Colombiaâs state-controlled oil producer has some 85 exploration contracts of […]
Venezuela Seeks a Deal with Biden as Colombia Summit Begins
(NewsWeek, 25.Apr.2023) â As a multinational conference commences in Colombia, Venezuela is looking to make progress in talks not only with the country’s political opposition, but also the United States, three years after Washington backed efforts to oust President NicolĂĄs Maduro, Newsweek has learned. This includes a proposed deal that could bring […]
Eni Inaugurates Congo LNG Project in the Republic of the Congo
(Eni, 25.Apr.2023) â The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, today laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected […]
Argentina Lithium Delineates Concentrated Lithium Brine Zone
 (Argentina Lithium, 24.Apr.2023) â Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) reports continued positive lithium brine results at its Rincon West Project in Salta Province, Argentina, including a 178 m* section with results ranging from 241 to 340 mg/l lithium (*no sample was collected from 30 m of this interval) from the seventh […]
Glenfarne Energyâs Texas LNG Receives Order on Remand from FERC
(Texas LNG, 24.Apr.2023) â Texas LNG, a four million tonnes per annum (âmtpaâ) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, owned by Texas LNG Brownsville LLC, an affiliate of Glenfarne Energy Transition, LLC, a global energy transition leader providing critical solutions to lower […]
Nabors Industries Reports 1Q:23 Revenues of $779mn
(Nabors, 24.Apr.2023) â Nabors Industries Ltd. (NYSE: NBR) today reported first quarter 2023 operating revenues of $779mn, an increase of 2.5%, compared to operating revenues of $760mn in the fourth quarter of 2022. The net income attributable to Nabors shareholders for the quarter was $49mn, or $4.11 per diluted share. This compares to a loss of $69mn, or $7.87 per […]
Trinidad and Tobago: Natural Gas Crisis
(Trinidad Express, 23.Apr.2023) â The countryâs lone cooking gas producer and several petrochemical plants at Point Lisas have been shut down amid a full-blown natural gas crisis triggered by an electrical fire at bpTTâs Mahogany hub and continued mechanical issues at its Cassia C platform. The Sunday Express has been […]
Saverez to Launch Voluntary Takeover Bid on Exmar NV [PDF Download]
(Exmar, 3.Apr.2023) â Exmar NV (Euronext Brussels: EXM) has been informed today by Saverex NV that Saverex intends to launch a voluntary and conditional public takeover bid for all shares and share options issued by Exmar not already owned by it or persons affiliated with it. The Bid would be […]
NatGas in Transition to Low-Carbon Economies [PDF Download]
(IGU, OLADE, ARPEL, 17.Apr.2023) â The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving this massive goal requires a radical transformation in how energy is supplied and used worldwide, as 73% of global greenhouse […]
Sintana Retains Carried Indirect Interest in Namibia
(Sintana Energy, 21.Apr.2023) â Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) confirmed that over fifty per cent of the 6,872 square kilometers of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (âPEL 87â) and the surrounding area in the Orange Basin in Namibia. Initial processed results […]
Nucor Reports 1Q:23 Results
(Nucor, 20.Apr.2023) â Nucor Corporation (NYSE: NUE) announced net earnings attributable to Nucor stockholders of $1.14bn, or $4.45 per diluted share, for the first quarter of 2023. By comparison, Nucor reported net earnings attributable to Nucor stockholders of $1.26bn, or $4.89 per diluted share, for the fourth quarter of 2022 and $2.10bn, or $7.67 per diluted share, for the […]
Biden to Discuss Venezuela Sanctions with Colombia’s Petro
(Reuters, 19.Apr.2023) â President Joe Biden will discuss Venezuela in wide-ranging talks with Colombian President Gustavo Petro on Thursday, including U.S. willingness to further ease sanctions on the OPEC nation only in return for concrete steps toward free elections there, a senior administration official said. Previewing the leaders’ first meeting, […]
Frontera on 1Q:23 Results and Webcast Dates
(Frontera, 19.Apr.2023) â Frontera Energy Corporation (TSX: FEC) announces that its first quarter 2023 results will be released after markets close on Wednesday 3 May 2023. A conference call for investors and analysts will be held on Thursday, 4 May 2023 at 11 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the […]
Port of Corpus Christi Sees Record 1Q:23 Tonnage
(Port of Corpus Christi, 18.Apr.2023) â The Port of Corpus Christi Authority closed its first quarter of 2023 (Q1-2023) with record tonnage of 49.6 million tons, surpassing the year-over-year (YOY) period in 2022 by more than six million tons and nudging past the previous quarterly record of 49.5 million tons […]
Golden Arrow Options Espota Project in Argentina
(Golden Arrow, 18.Apr.2023) â Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reportws that it recently entered into an option agreement to acquire a 100% interest in the Espota Gold Project covering nearly 30km2 in San Juan Province, Argentina (see Figure 1). Golden Arrow has commenced a reconnaissance surface exploration program throughout the property and has already identified a […]
Avino Reports Steady Production in 1Q:23
(Avino, 18.Apr.2023) â Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) reports another quarter of strong production results of 678,247 silver equivalent ounces, bringing the 12-month trailing total to 2.9 million silver equivalent ounces from the Avino Mine. Production Highlights â Q1 2023 (Compared to Q1 2022) Silver equivalent production […]
ForeFront Power and HASI Expand Equity Investment Across California
(ForeFront Power, 18.Apr.2023) â ForeFront Power, a developer and asset manager of commercial and industrial-scale (C&I) solar energy and battery storage projects, and HASI (NYSE: HASI), an investor in climate solutions, have entered into a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects located across California. The transaction, […]
Sintana Updates on VMM-37 Joint Contract with ExxonMobil
(Sintana Energy, 18.Apr.2023) â Sintana Energy Inc. (TSXV: SEI OTCQB: SEUSF) reports that ExxonMobil sent Patriot Energy Oil and Gas Inc., a subsidiary of the company, a notice stating that, based on the terms of the Joint Operating Agreement between ExxonMobil and Patriot (the âJOAâ), it had decided to withdraw […]
KPMGâs Investment in Venezuela Guide 2022 [PDF Download]
(KPMG, 17.Apr.2023) â The guide is intended as guidance for prospective foreign investors in Venezuela by covering a broad range of matters relating to company law, corporate taxation, employment, foreign investment and foreign exchange, economic regulations and supervised sectors. KPMG hopes information in the guide will be enlightening, however, prior […]
Petrobras on BioRefining Program
(Petrobras, 17.Apr.2023) â Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green […]