(Talos, 13.Feb.2023) â Talos Energy Inc. (NYSE: TALO) announced the completion of its previously announced acquisition of EnVen Energy Corporation. The company expects to provide 2023 financial and operational guidance for the combined company to investors concurrently with the fourth quarter and full year 2022 earnings press release to be issued on Tuesday, […]
Golden Arrow Applies to Extend Warrants
(Golden Arrow, 10.Feb.2023) â Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on 25 February 2023, 1,290,367 warrants that are set to expire on 5 […]
Golden Arrow Applies to Extend Warrants
(Golden Arrow, 10.Feb.2023) â Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on February 25, 2023, 1,290,367 warrants that are set to expire on 5 March 2023 and […]
Bechtel Company Assumes Responsibility of Waste Isolation Pilot Plant
(Bechtel, 10.Feb.2023) â A Bechtel company, Salado Isolation Mining Contractors LLC (SIMCO), has assumed responsibility for managing and operating the only deep underground repository for defense-related transuranic nuclear waste in the United States, the Waste Isolation Pilot Plant (WIPP) in New Mexico. SIMCO is a single-purpose entity whose parent organization is Bechtel […]
Flowserve Acquires Velan in $245mn All-cash Deal
(Flowserve, 10.Feb.2023)Â â Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, and Velan Inc. (TSX: VLN), a leading manufacturer of highly engineered industrial valves, today announced that they have entered into a definitive agreement (the âArrangement Agreementâ) under which Flowserve will […]
Enbridge Advances Strategic Priorities, Reports Strong 2022 Financial Results
(Enbridge, 10.Feb.2023)Â â Enbridge Inc. (TSX: ENB) (NYSE:Â ENB) reported strong fourth quarter and full year 2022 financial results, reaffirmed its 2023 financial outlook and provided a quarterly business update. Highlights(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) […]
Bristow Announces New Organization Structure
(Bristow, 9.Feb.2023) â Bristow Group Inc. (NYSE:Â VTOL) took action today to better support its existing business and future growth plans by reorganizing the company’s leadership team to align with its main service lines â Government Services and Offshore Energy Services. Given the increased scale and geographic scope of Bristow’s Government […]
Chevron Drops Its 2022 Methane Report [PDF Download]
(Energy Analytics Institute, 9.Feb.2023) â California-based energy giant Chevron Corporation released its 2022 methane report, which it said builds on its climate change-related reporting and provides detailed information on its ongoing work to reduce methane intensity and improve methane emissions inventories. “We recognize the challenges and opportunities in the evolving […]
Seaside LNG Acquires LNG Bunker Barge from TOTE Maritime Puerto Rico
(Seaside, 9.Feb.2023) â Seaside LNG announced the acquisition of the liquefied natural gas fueling barge the Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNGâs maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTEâs Marlin Class LNG-powered container ships and other commercial […]
Frontera Resumes Operations at Quifa And CPE-6 Blocks
(Frontera, 8.Feb.2023) â Frontera Energy Corporation (TSX: FEC) announces that all blockades on the road from Puerto GaitĂĄn to the Rubiales village in the municipality of Puerto Gaitan, Meta Department, Colombia, have been lifted. The company has resumed transporting on-site inventory, rotating crews and delivering supplies to its Quifa and CPE-6 operations. […]
APA Corp. on Second Successful Flow Test at Sapakara South Off Suriname
(APA, 8.Feb.2023) â APA Corporation (Nasdaq: APA) announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles) south of the Sapakara South-1 (SPS-1) appraisal well. SPS-2 encountered […]
Petrobras: Highlights on 4Q:22 Production, Sales [PDF Download]
(Petrobras, 8.Feb.2023) â Petrobras commented on its production and sales in 4Q;22 and 2022. âIn 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. […]
TotalEnergies Reports Adjusted Net Income of $20.5bn in 2022 [PDF Download]
(TotalEnergies, 8.Feb.2023) â The Board of Directors of TotalEnergies SE, chaired by CEO Patrick PouyannĂ©, met on 7 February 2023, to approve the 2022 financial statements. On the occasion, Patrick PouyannĂ© said: âWhile down from the previous quarter highs due to uncertainties about the demand outlook, fourth quarter oil and […]
Nabors Announces Fourth Quarter 2022 Results
(Nabors, 7.Feb.2023) â Nabors Industries Ltd. (NYSE: NBR) today reported fourth quarter 2022 operating revenues of $760mn, an increase of approximately 10%, compared to operating revenues of $694 million in the third quarter of 2022. The net loss attributable to Nabors shareholders for the quarter was $69mn, or $7.87 per share. This compares to a loss of $14mn, […]
NovoHydrogen Closes Seed Financing and Finalizes Board of Directors
(NovoHydrogen, 7.Feb.2023) â NovoHydrogen, a leading renewable hydrogen project developer, today announced that it has closed its seed funding round and officially appointed four esteemed executives to its board of directors. With the board’s guidance throughout 2022, the company has already produced impressive results including the accelerated development of its […]
BP Reports Profit of $27.7bn in 2022 [PDF Downloads]
(Energy Analytics Institute, 7.Feb.2023) â BP plc reported underlying replacement cost profit of $27.7bn in 2022 while reducing its net debt to $21.4bn, company officials said during the companyâs quarterly webcast. âThroughout 2022, bp continued to focus on delivery of our Integrated Energy Company strategy. We are helping provide the […]
Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil
(Reuters, 7.Feb.2023) â Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific said in a news release that ExxonMobil will buy about 2 million tonnes per annum […]
FMC Delivers Record 4Q:22 and 2022 Results
(FMC, 7.Feb.2023) â FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]
Hess Recognized for Sustainability Performance
(Hess, 7.Feb.2023) â Hess Corporation (NYSE: HES) has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESGâs highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold […]
MPC Energy Solutions Start Operations for its Solar Plants in El Salvador
(MPC Energy Solutions, 6.Feb.2023) â MPC Energy Solutions (MPCES) announced the start of operations for its Santa Rosa and Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined installed capacity of 21.3 MW. Santa Rosa and Villa Sol are the third and fourth projects in the company’s portfolio to start […]
KBR Technology Selected for Green Ammonia Project in Chile
(KBR, 6.Feb.2023) â KBR (NYSE: KBR) announced that its green ammonia technology, K-GreeNÂź, has been selected by Enaex, S.A. for its innovative HyEx green ammonia project in Chile. The HyEx project will demonstrate operational stability of production of green ammonia using renewable energy from photovoltaic power plants. Toyo Engineering Corporation will undertake […]
Chesapeake Utilities Establishes RNG Injection Point in Florida
(Chesapeake Utilities, 6.Feb.2023) â Chesapeake Utilities Corporation (NYSE: CPK) announces the establishment of a fuel injection point in Yulee, Florida, that enables the receipt of renewable natural gas (RNG) and supports the growing demand for energy from increased residential and commercial needs in Nassau County. The injection point can accept RNG, compressed natural gas […]
Iran to Start Revamp at Venezuela’s Largest Refining Complex
(Reuters, 6.Feb.2023) â State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity, four sources close to the plan said. The effort by state oil firm Petroleos de Venezuela (PDVSA) and […]
Motiva Reports Operational Snag at Texas Oil Refinery
(WSJ, 6.Feb.2023) â Motiva Enterprise reported an operational disruption and above-normal flaring of gases over the weekend at its oil refinery in Port Arthur, Texas. “The Motiva Port Arthur Manufacturing Complex experienced a process incident at the refinery that resulted in flaring with emissions in excess of a reportable quantity,” […]
TotalEnergies Obtains CO2 Storage Licenses in Danish North Sea
(TotalEnergies, 6.Feb.2023) â TotalEnergies has been awarded two licenses to explore CO2 storage potential in the Danish North Sea. The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2,118 km2. The acreage includes the Harald gas fields, currently operated by TotalEnergies, for which […]
Petrobras on 4Q:22 Results, Webcasts
(Petrobras, 6.Feb.2023) â Petrobras will release its 4Q:22 Production and Sales Report on 8 February 2023 and its 4Q:22 Financial Performance Report on 1 March 2023, both after the markets close. On 2 March 2023, two webcasts will be held, the first in Portuguese and the second in English, to […]
Ecopetrol, Frontera, Hocol, Tecpetrol and Cepsa on Blockades In Meta, Colombia
(Frontera, 6.Feb.2023) â Frontera Energy Corporation (TSX: FEC), Ecopetrol, Hocol, Tecpetrol and Cepsa, hydrocarbon companies that operate in Puerto GaitĂĄn (Meta Department), express their deep concern about the serious social and economic consequences resulting from the blockade of the road that leads from Puerto GaitĂĄn to the Rubiales village, which […]
Touchstone Starts Operations at Royston-1X Sidetrack in Trinidad
(Touchstone, 6.Feb.2023) â Touchstone Exploration Inc. (TSX, LSE: TXP) has commenced operations at the Royston-1X sidetrack well located on the onshore Ortoire block in the Republic of Trinidad and Tobago. Touchstone has an 80 percent operating working interest in the well, with Heritage Petroleum Company Limited holding the remaining 20 […]
Mobil Launches 50% Post-consumer Recycled Plastic Pails in India
(ExxonMobil, 3.Feb.2023) â Mobilâą, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails drive the use of recycled plastic, helping reduce plastic waste, and enabling sustainable progress. The company’s 50% PCR pails, first […]
Mexico’s President Says he Won’t Seek an Unconstitutional Second Term
(NPR, 3.Feb.2023) â President AndrĂ©s Manuel LĂłpez Obrador is still immensely popular in Mexico. Across the country you’ll find graffiti and placards that say “Que siga el presidente” (Let the president continue.) In Mexico, there has been a lot of handwringing over the undemocratic tendencies of President AndrĂ©s Manuel LĂłpez […]
Caribbean Seeks Venezuelaâs Oil and Gas as U.S. Relaxes Sanctions
(WSJ, 3.Feb.2023) â Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator […]
Sempra to Report 4Q:22 and FY:22 Earnings 28 Feb. 2023
(Sempra, 3.Feb.2023) â Sempra (NYSE: SRE) (BMV: SRE) plans to release its fourth-quarter and full-year 2022 earnings by 7 a.m. ET, Tuesday, 28 February 2023. Sempra executives will conduct a conference call at 12 p.m. ET, Tuesday, 28 Feb. Investors, media, analysts and the public may listen to a live webcast of the conference call by […]
Plenitude Inaugurates 263 MW Photovoltaic Plant in Texas
(Eni, 3.Feb.2023) â Plenitude began production at the 263 MW âGolden Buckle Solar Projectâ in Brazoria County Texas, USA, at the presence of Consul General of Italy in Houston Mauro Lorenzini. The plant was built in just over a year, in an area of over 600 hectares located 80 km […]
Petrobras on Nominations for the Executive Board
(Petrobras, 2.Feb.2023) â Petrobras informs that its CEO Jean Paul Terra Prates has indicated five new members for the composition of the Executive Board: — Trading and Logistics Executive Board, Mr. Claudio Schlosser; — Production Development Executive Board, Mr. Carlos Travassos; — Exploration and Production Executive Board, Mr. Joelson FalcĂŁo; […]
Guyana: FPSO Prosperity Naming Ceremony
(Energy Analytics Institute, 2.Feb.2023) â SBM Offshore held a naming ceremony for the floating production storage and offloading (FPSO) unit Prosperity. âSBM Offshore is extremely honored to continue our part in the shared journey of the nation of Guyana alongside our client ExxonMobil Guyana. Now christened under the care of the First Lady […]
Plenitude Returns to Sanremo in the Name of the Energy Transition
(Eni, 2.Feb.2023) â The journey to improve energy efficiency at the Sanremo Festival, which Plenitude began in 2022 with Rai and Rai PubblicitĂ , continues today. The company is Partner of the 73rd edition of Italyâs most important music event. Plenitudeâs presence at Sanremo will focus on the energy transition and […]
CGG and 2CRSi to Launch State-of-the-Art HPC-as-a-Service Offering
(CGG, 1.Feb.2023) â CGG, a global technology and HPC leader specializing in Earth science, data science, sensing and monitoring, and 2CRSi, a designer and manufacturer of high-performance energy-efficient computer servers, have signed a strategic agreement to jointly launch a new high-performance computing (HPC)-as-a-Service (HPCaaS) offering to meet the needs of […]
Petrobras on CARF Judgment
(Petrobras, 1.Feb.2023) â Petrobras informs that, in a session held today, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeals filed by the company and decided that IRPJ and CSLL taxes are due on the […]
TotalEnergies Tops Ranking of the Forum Pour l’Investissement Responsable (FIR)
(TotalEnergies, 1.Feb.2023) â TotalEnergies tops the ranking of the Forum pour l’Investissement Responsable (FIR), which on January 25 released the survey results for all CAC40 companies ahead of their 2022 Annual Shareholders’ meetings: “How does the CAC 40 meet investor expectations?” FIR is a french association representing all stakeholders in Social and Responsible […]
TotalEnergies Starts Fourth Solar Power Plant in Japan
(TotalEnergies, 1.Feb.2023) â TotalEnergies has started up commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan. The plant, connected to the electricity distribution grid, will supply its electricity to Chubu Electric Power Miraiz Co. Inc., a subsidiary of the regional utility company, through a […]
Italian Police and Eni Renew Deal to Prevent, Combat Cybercrime
(Eni, 1.Feb.2023) â Eni and the Italian State Police have renewed an agreement to prevent and combat cybercrime against information systems and services deemed essential to the country. The agreement, signed in Rome by Lamberto Giannini, Chief of Police and General Director of Public Security, and Claudio Descalzi, CEO of […]
Frontera Announces 2023 Capital And Production GuidanceïżŒ
(Frontera, 1.Feb.2023) â Frontera Energy Corporation (TSX: FEC) announces its full year 2023 capital and production guidance and provides an update on its normal course issuer bid (“NCIB“), its 2023 hedging program and its estimated fourth quarter and 2022 full year average daily production. All values in this news release […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) â Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that âin this uncertain global environment, energy is […]
Start-up of Natural Gas Power Generation at Moundou Power Station
(Perenco, 31.Jan.2023) â PetroChad Mangara (PCM), Perencoâs wholly owned Chad subsidiary, is proud to announce the start-up of natural gas generated power at the Moundou Power Station in Chad. Seven months after Perenco entered Chad as operator of the Badila and Mangara fields in the Doba Basin in southern Chad, […]
Building a Clean Energy Economy [PDF Download]
(The White House, 31.Jan.2023) â When President Biden signed the Inflation Reduction Act (IRA) into law in August 2022, he said the new law âis not just about today, itâs about tomorrow. Itâs about delivering progress and prosperity to American families.â The Inflation Reduction Act makes a historic commitment to […]
Frontera Included in the 2023 Bloomberg Gender Equality Index GEI
(Frontera, 31.Jan.2023) â Frontera Energy Corporation (TSX: FEC) announces that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (“GEI”), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across […]
Petrobras on Rating Confirmation by Fitch
(Petrobras, 31.Jan.2023) â Petrobras informs that the rating agency Fitch reaffirmed its rating at “BB-“, with stable outlook, following Brazil’s rating. The stand-alone rating was also reaffirmed at âbbbâ, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the company’s […]
Petrobras on Receiving R$430mn Earnout from BaĂșna
(Petrobras, 30.Jan.2023) â Petrobras, following up on the releases disclosed on 24 July 2020, 28 July 2020 and 9 November 2020, informs that it received today from Karoon PetrĂłleo & GĂĄs Ltda, a subsidiary of Karoon Energy Ltd, the amount of R$430mn, equivalent to the contingent payment of the oil […]
Baker Hughes Unveils New Digital Solutions for Cleaner Energy
(Baker Hughes, 30.Jan.2023) â Baker Hughes (NASDAQ: BKR), an energy technology company, announced at its Annual Meeting in Florence, Italy, the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and […]
Baker Hughes and Fortescue to Jointly Explore Green Hydrogen Projects
(Baker Hughes, 30.Jan.2023) â Baker Hughes (NASDAQ: BKR) announced a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. The companies see new pathways to accelerate the energy transition thanks […]