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Electrolux Reduces Sea Transport Emissions by 15% in 2022

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(Electrolux, 23.Mar.2022) — Electrolux will now use more sustainable fuels for 25% of its total sea freight. By partnering with shipping companies Maersk and CMA CGM Group to use biofuel based on waste oils and LNG (Liquefied Natural Gas), Electrolux will reduce its sea transport greenhouse gas emissions by 15 […]

World Must Double-Down on Plans to Achieve Net Zero by 2050

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(WoodMac, 23.Mar.2022) — Wood Mackenzie, a Verisk business (Nasdaq:VRSK), reveals in its latest Accelerated Energy Transition (AET) 1.5-Degree scenario report, that the world needs to double-down on plans to achieve the goal of limiting the rise in global temperatures to within 1.5 degrees Celsius (˚C) by 2050.  Over the last year, […]

Colombia’s Fossil Fuel Industry Is Freaking Out About Gustavo Petro

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(The New Republic, 22.Mar.2022) — This spring, Colombia could elect its first progressive president. In primary elections earlier this month—held for left-wing, centrist, and ruling right blocs—former Bogotá mayor and 2018 presidential candidate Gustavo Petro won an astounding nearly 4.5 million votes to emerge as nominee for the left-wing coalition known as the Historic Pact. Election […]

NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]

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(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]

Zacatecas Closes Oversubscribed $19.15mn Financing

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(Zacatecas Silver, 22.Mar.20222) — Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) closed a $19.15mn offering of subscription receipts (the “financing”). The financing was previously announced on 28 February 2022 as a $15mn private placement and then, due to strong demand, was upsized to $18mn on 4 March […]

Invenergy and GE Renewable Energy Start Ops at 998 MW Wind Project

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(Invenergy, 21.Mar.2022) — Invenergy announced commercial operations for the 998-megawatt Traverse Wind Energy Center, the largest wind farm constructed in a single phase in North America.  Located in north central Oklahoma, Traverse joins the operational 199-megawatt Sundance Wind Energy Center and the 287-megawatt Maverick Wind Energy Center, as the last of […]

Science in the Southern Hemisphere: SOFIA Deploys to Chile

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(Universities Space Research Association, 18.Mar.2022) — The Stratospheric Observatory for Infrared Astronomy (SOFIA) landed at the Santiago International Airport on 18 March 2022. Like other deployments to the Southern Hemisphere, SOFIA is a partnership between NASA and German Aerospace Agency (DLR) and temporarily changing its base of operations from Palmdale, California, to Santiago, Chile, to observe celestial objects […]

EXMAR and GASUNIE Move to Secure Energy Supply

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(Energy Analytics Institute, 18.Mar.2022) — EXMAR reached an agreement for a 5-year charter for the employment of its 600 million standard cubic feet per day (MMscf/d) regasification floating storage and re-gasification unit (FSRU) S188 with GASUNIE LNG Holdings BV. GASUNIE will utilize FSRU S188 as floating LNG import terminal at […]

Ecopetrol Rectifies False Details Published on Third-party Website

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(Ecopetrol, 18.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 17 March 2022, it became aware of certain false information published on a now-deactivated website (https://secureleads.org/), which purported to give Colombians an opportunity to access the company’s profits by investing COP 960,000 in cryptocurrency for trading in an instrument called “Bitcoin Ecopetrol” and […]

NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela

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(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan Guaidó saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]

Braskem Reports Record Results in 2021

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(Braskem, 17.Mar.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced its results for 4Q21 and 2021. 4Q21 and 2021 HIGHLIGHTS Braskem – Consolidated In 4Q21, Braskem’s recurring Operating Result was $1.1 bn, 23% lower than in 3Q21, mainly due to: (i) lower international spreads for main chemicals, PE […]

Golden Arrow Purchases the San Pietro Iron-oxide Copper Gold Project, Chile

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(Golden Arrow Resources, 17.Mar.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF),through its wholly owned subsidiary New Golden Explorations Chile SPA, purchased a 100% interest in the San Pietro Iron-oxide Copper Gold (IOCG) Project (formerly known as Radiss) in Chile from Sumitomo Metal Mining Chile Ltda (SMM Chile) for cash consideration of US$3.35mn.  […]

Nucor Announces Guidance for 1Q:22 Earnings

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(Nucor Corp., 17.Mar.2022) — Nucor Corporation (NYSE: NUE) announced guidance for its first quarter ending 2 April 2022. Nucor expects to achieve a new record for first quarter earnings in the range of $7.20 to $7.30 per diluted share. Fourth quarter of 2021 earnings were $7.97 per diluted share and first quarter of 2021 earnings were $3.10 per diluted share. […]

Core Laboratories and Talos Energy Announce Strategic Alliance

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(Core Laboratories, 17.Mar.2022) — Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) and Talos Energy Inc. (NYSE: “TALO”) have announced a strategic alliance to provide technical evaluation and assurance for carbon capture and sequestration (“CCS”) opportunities. The alliance combines Core Lab’s market-leading reservoir description and optimization technologies with Talos’s […]

Talos Energy Executes Texas GLO Carbon Capture Site Lease

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(Talos Energy, 16.Mar.2022) — Talos Energy Inc. (NYSE: TALO) announced that Bayou Bend CCS LLC, Talos’s venture with Carbonvert, Inc., executed definitive lease documentation with the Texas General Land Office (“GLO”), formalizing the previously announced carbon capture and sequestration (“CCS”) site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor. Talos […]

Steel Dynamics Provides 1Q:22 Earnings Guidance

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(Steel Dynamics, Inc., 16.Mar.2022) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided first quarter 2022 earnings guidance in the range of $5.55 to $5.59 per diluted share. Excluding the impact from costs associated with the startup of the company’s Sinton Texas Flat Roll Steel Mill growth investment of an estimated $83 million, or $0.30 per diluted share, the […]

Sorcia Minerals hosts University of Santiago at Direct Lithium Extraction Plant

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(Sorcia Minerals, 16.Mar.2022) — Sorcia Minerals LLC hosted Universidad de Santiago de Chile (USACH) in the US for a tour of the newly completed International Batteries Metals (IBAT) direct lithium extraction (DLE) plant. USACH sent Dr. Alonso Arellano, Professor, from the Faculty of Engineering to verify the progress and assembly of the Direct Lithium Extraction plant. Dr. Arellano […]

NFE Announces LNG SPA with Venture Global LNG

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(New Fortress Energy, 16.Mar.2022) — New Fortress Energy Inc. (NASDAQ: NFE) announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG […]

Shell Among Companies Chasing Ecuadorian Oil After Russia Sanctions

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(Bloomberg, 16.Mar.2022) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.  Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and […]

Airborne Methane Detection Gains Approval for Use in New Mexico

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(Bridger Photonics, 16.Mar.2022) — Bridger Photonics‘ aerial Gas Mapping LiDAR™ has been approved for use as an advanced leak detection and repair monitoring technology by New Mexico’s Energy, Minerals and Natural Resourced Department (“EMNRD”) for its ALARM credit program. With EMNRD’s approval, oil and gas operators in New Mexico can now use the advanced methane detection […]

Bob Kent Joins Citgo Board of Directors

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(Citgo, 16.Mar.2022) — The Citgo Petroleum Corporation Board of Directors announced that Bob Kent has been appointed to the Board of Directors. “Bob Kent brings more than 40 years of refining experience to our executive team, including 13 years with Citgo,” said Citgo Director and President and Chief Executive Officer Carlos Jordá. “His […]