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S&P Revises Pemex’s Outlook to Stable

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(Reuters, 6.Jul.2022) — S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude oil prices are improving Pemex’s credit metrics, although the company’s weak liquidity continues to affect its assessment […]

JinkoSolar Announces up to $200mn Share Repurchase Program

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(JinkoSolar, 6.Jul.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its board of directors has approved a share repurchase program, which authorizes the company to repurchase up to $200mn of its ordinary shares represented by American depositary shares (“ADSs”) during an 18-month period. The company’s proposed repurchases may be made […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group

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(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]

Excelerate Energy Appoints Deborah Byers as Independent Director

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(Excelerate Energy, 6.Jul.2022) — Excelerate Energy, Inc. (NYSE: EE) announced that on 5 July 2022, its Board of Directors increased its size from six to seven members and appointed Deborah Byers as a new independent director effective immediately. In addition, Ms. Byers will serve as Chairperson of the Audit Committee. “We […]

Petrobras on Divestment of Stake in Deten

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(Petrobras, 5.Jul.2022) — Petrobras, following up on the release disclosed on 04/28/02, informs that it has today finalized the sale of its entire interest (27.88%) in Deten QuĂ­mica S.A., located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa QuĂ­mica S.A., which already has […]

Keynote Address by OPEC Secretary General Barkindo

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(OPEC, 5.Jul.2022) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the opening ceremony of the 21st edition of Nigeria Oil and Gas (NOG) Conference and Exhibition, 5 July 2022, Abuja, Nigeria. Excellencies, ladies and gentlemen, It is very refreshing, indeed a great pleasure to be back home […]

QatarEnergy Selects Shell for NFE Expansion Project

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(QatarEnergy, 5.Jul.2022) — QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by His Excellency Mr. Saad […]

NFE and Apollo Funds to Form New JV; Deal Valued at $2bn

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(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas

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(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project […]

NFE Inks Deal with Pemex for Lakach Field, FLNG Deployment Solution

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(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. today announced that it has signed an agreement with PetrĂłleos Mexicanos (Pemex) to form a long-term strategic partnership that benefits from the complementary capabilities of each company. The partnership is expressly supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Octavio […]

Argentina economy minister Guzman resigns as divisions grow

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BUENOS AIRES, ARGENTINA (Bloomberg, 2.Jul.2022, Words: 683) — Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated. Guzman announced his decision in a seven-page letter published on Twitter. No replacement was immediately announced. The minister had come under […]

NRGBriefs: Argentina’s Econ. Minister Resigns; Colombia’s New Environmental Minister

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(Energy Analytics Institute, 2.Jul.2022) — Energy and economic briefs including Argentina’s Economic Minister MartĂ­n GuzmĂĄn resigning from his position on 2 July 2022, according to a letter he posted on his Twitter account; Colombia’s president-elect Gustavo Petro appointing Susana Muhamad, an environmental activist, to head the country’s new Environmental Ministry; […]

Enel Américas Announces Planned Voluntary Delisting of its Notes from the NYSE

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(Enel AmĂ©ricas, 1.Jul.2022) — Enel AmĂ©ricas S.A. (NYSE: ENIAY) announced that its Board of Directors has unanimously approved the voluntary delisting of its outstanding 4.00% Notes due 25 October 2026 (NYSE: ENIA26A) and 6.60% Notes due 1 December 2026 (NYSE: ENIA26) (collectively, the “Notes”) from The New York Stock Exchange (the “NYSE“) and deregistration with the […]

NEOM’s ENOWA to Boost Extreme E with Green Hydrogen Power

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(NEOM, 30.Jun.2022) — Extreme E announced a multi-year relationship with ENOWA, NEOM‘s energy, water and hydrogen subsidiary, to introduce green hydrogen power to their global sustainable racing series. The announcement comes just days after NEOM, a sustainable region in northwest Saudi Arabia being built from the ground up, was revealed as the […]

NRGBriefs: Increased US LNG Exports Could Add $73bn to US Economy

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(Energy Analytics Institute, 30.Jun.2022) — Energy briefs including Freeport LNG Development, L.P. eying a partial resumption of liquefaction operations in October 2022; and the American Petroleum Institute (API) forecasting that increasing US LNG exports could support 220,000-452,000 additional American jobs and add up to $73bn to the US economy by […]

Freeport LNG Updates on Proposed Safety Order

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(Freeport LNG, 30.Jun.2022) — Freeport LNG Development, L.P. provided the following statement regarding the Notice of Proposed Safety Order Issued by the Pipeline Hazardous Materials Safety Administration (PHSMA): Freeport LNG acknowledges the Notice of Proposed Safety Order issued today by the Pipeline and Hazardous Materials Safety Administration (PHMSA).  Safety has […]

Bristow Signs Long-Term Maintenance Support Agreements

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(Bristow, 30.Jun.2022) — Bristow Group Inc. (NYSE: VTOL) has signed long-term, favorable maintenance support agreements with Leonardo Helicopters for airframes and Pratt & Whitney for engines on the Company’s global fleet of AW139 helicopters. Highlights: Agreements with Leonardo Helicopters and Pratt & Whitney provide comprehensive, long-term maintenance support for AW139 airframes […]

LG Energy Partners with Compass Minerals to Enhance Supply Chain Flow

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(LG Energy Solution, 29.Jun.2022) — LG Energy Solution (LGES; 373220) is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to satiate the growing market demand. LGES has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a leading […]

G-7 Leaders Favor LNG Investment in U-Turn Due to Energy Crisis

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(Bloomberg, 29.Jun.2022) — Investments in liquefied natural gas — already booming as Europe seeks to cut its energy dependence on Russia — are set to get another boost, even amid longstanding climate concerns. Leaders from the Group of Seven, representing the world’s richest economies, on Tuesday supported temporary public investments […]

KAPSARC Reveals Estimates for Oil, Gasoline Demand

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(KAPSARC, 29.Jun.2022) — Global oil demand is projected to record a 1.9% quarter-on-quarter growth averaging 100.6 million barrels per day by the end of the third quarter this year, surpassing pre-COVID levels, according to King Abdullah Petroleum Studies and Research Center’s (KAPSARC) upcoming KAPSARC Oil Market Outlook (KOMO). At 54 […]

ExxonMobil to Divest Montney and Duvernay Canadian Assets

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(ExxonMobil, 28.Jun.2022) — ExxonMobil said its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada. The sale, for a total cash consideration of about US$1.47bn, is expected to […]

Strohm Supports Shell with Fast-track Delivery of a TCP Riser

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(Strohm, 28.Jun.2022) — Strohm has supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets. The availability of TCP through Strohm’s “TCP on Demand” model and the ability to install end-fittings offshore enabled flexible, quick and easy installation. Strohm was […]

ExxonMobil, CNOOC and Shell to Pursue CCS Hub in China

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(Exxon, 27.Jun.2022) — ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China. Highlights: — Agreement initiates […]

Ramps Under Pressure in Guyana ïżŒ

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(Trinidad Express, 25.Jun.2022) — Guyana’s local content law is likely to affect the future opera­tions in the oil-rich South American country of one of its earliest and biggest investors, a Trinidad-owned company, Ramps Logistics. Ramps Logistics, a family-owned business from Cunupia, expanded into Guyana in 2013–which was before ExxonMobil discovered […]

The SimĂłn BolĂ­var Foundation Releases 2021 Annual Report [PDF Download]

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(Citgo, 27.Jun.2022) — The SimĂłn BolĂ­var Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, released its 2021 Annual Report. The Foundation is dedicated to improving the health of vulnerable people affected by the complex, ongoing humanitarian crisis in Venezuela, with special attention to mothers and children. After redefining its […]

QatarEnergy Joins Aiming for Zero Methane Emissions Initiative

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(QatarEnergy, 27.Jun.2022) — QatarEnergy has joined the Aiming for Zero Methane Emissions Initiative, an industry-led initiative that aims to reach near zero methane emissions from operated oil and gas assets by 2030. The initiative adopts an all-in approach that treats methane emissions as seriously as the industry treats safety. It […]