(Petrobras, 14.Dec.2022) â Petrobras has become part of the list of global companies that stand out in climate change mitigation actions, as announced by the international organization CDP, formerly known as the Carbon Disclosure Project. The company received an A- rating in recognition of its good practices on this topic […]
Chad Contests Savannah Energy Acquisition of Exxon Mobil Assets
(Reuters, 13.Dec.2022) â Chad may ask its courts to block Savannah Energy‘s purchase of Exxon Mobil Corp‘s assets in the country, saying the final terms of the deal were substantially different from what had been presented to it a year ago. Exxon Mobil closed the $407 million sale of its […]
Contract Inked for $759mn Wales Natgas PlantÂ
(DPI, 13.Dec.2022) â The Government of Guyana and LINDSAYCA/CH4 on Tuesday signed the contract for the construction of the integrated natural gas liquids (NGL) Plant and the 300-megawatt (MW) combined-cycle gas turbine (CCGT) power plant at Wales, West Coast Demerara (WCD), Region Three. The historical signing of the contract for […]
Talesun Solar Attends EnerGaia 2022, Paving the Way for Overseas Expansion
(Talesun, 12.Dec.2022) â From 7-8 December, EnerGaia 2022, an annual event for professionals in the renewable energy sector, was held in Montpellier, France. As a major EU country, France is in a renewable energy transition and has been hosting the show for several years. In May of this year, the EU announced a Joint […]
Diamondback Added to the Nasdaq â 100 Index
(Diamondback, 12.Dec.2022) â Diamondback Energy, Inc. (NASDAQ: FANG) has been added to the Nasdaq-100Âź Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Friday, 9 December 2022, which will become effective prior to market open on Monday, 19 December 2022. âDiamondback […]
Petrobras on the Bahia Terra Cluster
(Petrobras, 12.Dec.2022) â Petrobras informs that, after an audit carried out by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), it received, on 12 December 2022, an interdiction notice for the shutdown of operations in 37 onshore oil and gas production facilities in Bahia. The company is taking […]
Cheniere on Expiration of Cash Offer for 7% Secured Notes due 2024
(Cheniere, 12.Dec.2022) â Cheniere Energy, Inc. (NYSE American: LNG) announced today the expiration of its cash tender offer to purchase any and all of the $1.25bn aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 issued by Cheniere Corpus Christi Holdings, LLC (âCCHâ). The tender offer described […]
SSR Mining Reveals Positive Results at Seabee [PDF Download]
(SSR Mining, 12.Dec.2022) â SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) announced results from 377 diamond drill holes completed at the Seabee property in Saskatchewan, Canada, for the September, 2021 to November, 2022 exploration period (the âExploration Periodâ). These results build upon, and are subsequent to, the Seabee 2021 Technical […]
PBF Energy Reveals $500mn Share Repurchase Program
(PBF Energy, 12.Dec.2022) â PBF Energy Inc. (NYSE: PBF) announced that its board of directors has authorized the repurchase of up to $500mn of PBF Class A common stock. These repurchases may be made from time to time through various methods, including open market transactions, block trades, accelerated share repurchases, privately negotiated […]
More gas to Hammerfest LNG (HLNG): Askeladd on stream
OSLO, NORWAY (By Equinor, 12.Dec.2022, Words: 459) â Phase 1 of Askeladd will bring 18 billion cubic metres of gas and two million cubic metres of condensate to the market via the Hammerfest LNG plant on MelkĂžya. Askeladd is a satellite field of the SnĂžhvit Field and developed as a […]
CNX Unveils Appalachia-Focused Vision for the Future
(CNX, 12.Dec.2022) â CNX Resources Corp. (NYSE: CNX) launched “Appalachia First,” its vision for the future which draws on the company’s regional leadership, core operational strengths, and innovative business model. As the region’s premier low carbon intensive natural gas development, technology, and applications company, CNX is uniquely positioned to help revolutionize Appalachia, one […]
Pembina Provides Business Update [PDF Download]
(Pembina, 12.Dec.2022) â Pembina Pipeline Corporation (TSX: PPL) (NYSE:Â PBA) announced today its 2023 financial guidance and a business update, including the sale of Pembina Gas Infrastructure’s (PGI) interest in the Key Access Pipeline System (KAPS). Highlights: — 2023 adjusted EBITDA guidance of $3.5bn to $3.8bn and a 2023 capital investment program of $730mn. The […]
Deepening China-Arab Energy Cooperation Born of Win-win Scenarios
(CGTN, 9.Dec.2022) â The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent […]
Guyana Launches First Licensing Round for Offshore Oil and Gas E&P
(Ministry of Natural Resources, 9.Dec.2022) â The government of Guyana, today, for the very first time, is announcing the launch of a Licensing Round. The round offers 14 blocks for tender in the shallow and deepwater areas of Guyanaâs offshore area. Highlights 14 blocks for tender for shallow water and […]
President Ali Launches Bid Round for Offshore Blocks
(Office of the President of Guyana, 9.Dec.2022) â His Excellency Dr Irfaan Ali announced the launch of a competitive bidding process for 14 offshore oil blocks. The Head of State made this announcement during a virtual statement today from State House. âAs youâre aware, we have committed that the new […]
Ecopetrol Group to Accelerate Energy Transition, Energy Security
(Ecopetrol, 9.Dec.2022) â Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors approved the 2023 general organic investment plan for the Ecopetrol Group for an estimated amount between COP 25.3tn and COP 29.8tn. Individual investment projects will be evaluated in due course by the Board of Directors according to their materiality. The […]
WoodMac’s Five Key Energy Sector Developments in 2023Â
(WoodMac, 8.Dec.2022) â There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs and the impact of Russiaâs war with Ukraine have had a damaging impact on the global economy, but may also […]
ExxonMobil Reveals Corporate Plan 2027
(Exxon, 8.Dec.2022) â ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20bn-$25bon, while growing lower-emissions investments to […]
Peruâs President Ousted by Congress in Political Crisis
(AP, 7.Dec.2022) â The president of Peru was ousted by Congress and arrested on a charge of rebellion Wednesday after he sought to dissolve the legislative body and take unilateral control of the government, triggering a grave constitutional crisis. Vice President Dina Boluarte replaced Pedro Castillo and became the first […]
Clara Liliana Guatame Aponte Takes the Helm at Colombia’s ANH
(Energy Analytics Institute, 7.Dec.2022) â Colombiaâs Minister of Mines and Energy Irene VĂ©lez Torres welcomed Clara Liliana Guatame Aponte as the new president of the National Hydrocarbons Agency (ANH). The act took place in BogotĂĄ on 7 December 2022, the ANH announced on a statement on its website. ____________________ By […]
UK and US Reveal New Energy Partnership
(UK Prime Ministerâs Office, 7.Dec.2022) â The UK and US will work together to increase energy security and drive down prices, as part of a new energy partnership. Highlights: PM and President Biden create a new high-level bilateral group to focus on energy security, efficiency and affordability The venture will […]
Chevron Announces 2023 Capex Budgets [PDF Download]
(Chevron, 7.Dec.2022) â Chevron Corporation today announced 2023 organic capital expenditure budgets of $14bn for consolidated subsidiaries (capex) and $3bn for equity affiliates (affiliate capex), which total near the high end of the companyâs guidance range. The companyâs 2023 capex budget is up more than 25% from 2022 expected spend, […]
Eni: Treasury Shares Purchase Programme Terminated
(Eni, 7.Dec.2022) â During the period from 28-29 November 2022, Eni acquired n. 4,322,849 shares, at a weighted average price per share equal to 14.0850 euro, for a total consideration of 60,887,377.41 euro within the authorization to purchase treasury shares approved at Eni’s Shareholders’ Meeting on 11 May 2022, previously […]
PGS and TGS Expand MultiClient Coverage Offshore Brazil
(PGS, 7.Dec.2022) â PGS, in collaboration with TGS, has secured pre-funding for the Santos Sul MultiClient 3D project in the southwest Santos Basin offshore Brazil. The PGS/TGS collaboration combines the operational and technical strengths of both companies to provide high quality MultiClient data and timely delivery, which are critical to […]
Cracker to Enable Hydrogen Imports Via Port of Rotterdam
(Port of Rotterdam, 6.Dec.2022) â An initiative of 18 companies, led by the Port of Rotterdam Authority, has kicked off a study into the possible establishment of a large-scale ammonia cracker, which will enable imports of 1 million tonnes of hydrogen per year for the decarbonization of industry and mobility. […]
KAPSARC and CNPC Affiliate Ink Research and Innovation Deal
(KAPSARC, 6.Dec.2022) â On 6 December 2022, the King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) with the Economics & Technology Research Institute (ETRI), a research institute affiliated with the China National Petroleum Corporation (CNPC), to foster cross-regional […]
Energy Chamber on Restructuring of Atlantic by Shareholders
(The Energy Chamber of Trinidad & Tobago, 6.Dec.2022) â The Energy Chamber of Trinidad & Tobago warmly welcomes todayâs signing of agreements between bp, Shell, The National Gas Company of Trinidad and Tobago Limited (the Atlantic shareholders) and the Government of Trinidad & Tobago for the restructuring of the Atlantic […]
Remarks at announcement of Atlantic LNG restructuring agreement
PORT OF SPAIN, TRINIDAD AND TOBAGO (NGC, 6.Dec.2022, Words: 765) â Remarks at announcement of Atlantic LNG Restructuring agreement by the NGC President Mark Loquan. Dr. the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago The Honourable Stuart Young, Minister of Energy and Energy Industries and Minister in the […]
David Campbell at Atlantic LNG HoA Signing
(bpTT, 6.Dec.2022) â bpTT President David Campbell speaks about the deal between BP Plc, Shell Plc, The National Oil Company of Trinidad and Tobago (NGC) and Chinese Investment Corporation (CIC). Good morning It is my honour to take part in todayâs event as we mark a very important milestone for […]
Shunned Over War, Russians Holiday on Venezuelan Resort Island
(Agence France-Presse, 6.Dec.2022) â Venezuela: Shuttled between tourist spots, posing for pictures on beautiful beaches, and dancing awkwardly to merengue: Russian tourists have found a friendly holiday destination on a Venezuelan island far from the motherland and its war with Ukraine. Isla de Margarita is a tropical gem with white-sand […]
Sempra Inks Deal with ENGIE for LNG Supply from Port Arthur LNG Phase 1
(Sempra, 6.Dec.2022) â Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced it has entered into a long-term sale and purchase agreement (SPA) with ENGIE S.A. for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. […]
North America has the Energy to Solve the Global Crisis
(TC Energy, 6.Dec.2022) â TC Energyâs President & CEO, François Poirier, shares his thoughts and perspectives on how two simple ideas can help solve the energy crisis. Our path to balancing global energy transition and continued energy security creates a maze of challenges. We need to ensure the measures we […]
CNOOC Says Enping 15-1/10-2/15-2/20-4 Project Commences Production
(CNOOC, 6.Dec.2022) â CNOOC Limited (SEHK: 00883, SSE: 600938) announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South China Sea, with an average water depth of around 90 meters. The main production facilities of the project include 2 […]
Verdande: Securing Higher Production on the Norne Vessel
(Equinor, 6.DEC.2022) â Equinor has, on behalf of the partnership, submitted the plan for development and operation (PDO) for Verdande to the Ministry of Petroleum and Energy. The subsea development secures important oil volumes to the Norne production vessel. Verdande will be put on stream in the fourth quarter of […]
CGG Reveals New Multi-Client Data Project in Southeast Arizona
(CGG, 5.Dec.2022) â CGG, a technology and Earth sciences leader, announced a new multi-client data project in Southeast Arizona focusing on exploration and development in the mining industry. The project, supported by industry funding and available to license now, will begin immediately, with final products scheduled for delivery through CGGâs […]
Exxon Mobil Raises CEO, Top Executives Base Pay
(Reuters, 5.Dec.2022) â Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday. Exxon Mobil’s compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million […]
TotalEnergies and Air France-KLM Ink MOU for SAF for 10 years
(TotalEnergies, 5.Dec.2022) â TotalEnergies and Air France-KLM signed a Memorandum of Understanding (MoU) for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel (SAF) by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023. This sustainable aviation fuel will be produced by […]
Cheniere Announces Cash Tender Offer for 7% Notes due 2024
(Cheniere, 5.Dec.2022) â Cheniere Energy, Inc. (NYSE American: LNG) has commenced a cash tender offer to purchase any and all of the $1.25bn aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 issued by Cheniere Corpus Christi Holdings, LLC (CCH) on the terms set forth in the […]
Secretary of the Treasury on Announcement of Russian Price Cap
(US Treasury Department, 2.Dec.2022) â Secretary of the Treasury Janet L. Yellen released the following statement following the announcement of the price cap. âTogether, the G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal […]
Limiting Kremlin Revenues with a Price Cap on Russian Oil
(US Treasury Department, 2.Dec.2022) â Following agreement by the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the âPrice Cap Coalitionâ) are joining the EU in adopting a price cap of […]
Could A Controversial Chevron Deal Be A Prelude To Venezuelaâs Oil Renaissance?
(Forbes, 2.Dec.2022) â A video that state-owned oil giant PetrĂłleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil Minister Tarek El Aissami and Javier La Rosa, Chevronâs CVX country head. The clip shows La Rosa arriving at what looks to be Aissami’s offices, the two laughing, […]
Hess and Guyana’s Gov’t Announce REDD+ Carbon Credits
(Hess, 2.Dec.2022) â Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750mn between 2022 and 2032 directly from the Government of Guyana. This agreement will serve to support Guyanaâs efforts to protect the countryâs vast forests and provide capital […]
Guyana to Earn $750mn in First Carbon Credit Sale
(DPI, 2.Dec.2022) â Guyana is set to earn an income of some US $750 million for its carbon credit from Hess Corporation, His Excellency, Dr Mohamed Irfaan Ali announced Friday morning. The major deal between the government and the global energy giant will see the company purchasing 2.5 million carbon […]
UK and Allies Reveal Price Cap of $60/bbl on Russian Oil
(HM Treasury, 2.Dec.2022) â The UK, in partnership with the G7 countries, Australia and the European Union, have today agreed to set the price cap on Russian crude oil traded by firms shipping oil to third countries at $60. This price will be kept under review. The UK and its […]
Plenitude Strengthens Presence in Italy and Spain
(Eni, 2.Dec.2022) â Plenitude has signed an agreement to acquire 100% of PLT (PLT Energia S.r.l and SEF S.r.l. and their respective subsidiaries and affiliates), an integrated Italian group producing electricity from renewables and supplying energy to retail customers. Through this synergistic operation with its portfolio of renewable assets and […]
Chevron unlikely to invest more in Venezuela in short term
(Reuters, 1.Dec.2022, Words: 380) â Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said on Thursday. U.S. President Joe Biden’s administration last week […]
Welligence: Venezuela Sanctions Update
(Welligence, 1.Dec.2022) â Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, Welligence announced 1 December 2022 over LinkedIn. The terms offer restricted benefits to PDVSA Servicios Petroleros, SA as Chevron is restricted from providing payments to […]
INEOS Inks Deal for 1.4 mtpa LNG from Sempra Infrastructure
(INEOS, 1.Dec.2022) â INEOS signed a 20-year contract with Sempra Infrastructure for the supply of approximately 1.4 million tonnes per annum (mtpa) of Liquified Natural Gas (LNG) from Phase 1 of the Port Arthur LNG facility under development in Texas North America. Highlights: –The agreement includes a 20-year commitment for […]
Sempra Infrastructure Inks SPA with INEOS for Port Arthur LNG Phase 1
(Sempra, 1.Dec.2022) â Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (LNG) from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, INEOS has […]
Maduro Says Granting US Licenses to Chevron ‘Not Enough’
(Anadolu Agency, 1.Dec.2022) â Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed on Venezuela are “headed in the right directionâ but are ânot enough.â The easing of the oil embargo by the US government “undoubtedly goes in […]