ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 16.Sep.2024) â bp plc plans to divest its existing US onshore wind energy business, bp Wind Energy, and aims to bring together the development of onshore renewable power projects through Lightsource bp. bp Wind Energy has interests in 10 operating onshore wind energy […]
Woodside Energy in Talks with Potential Partners for Driftwood LNG, CEO Says
 (Reuters, 16.Sep.2024) â Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O’Neill said on Monday. Speaking at an investor conference in New York, O’Neill said […]
Balanced Conversation Needed, says Wirth at Gastech (PDF Download)
(Chevron, 15.Sep.2024) â Chevron Chairman and CEO Mike Wirth delivered a keynote address during the recent Gastech 2024 conference. In it, he highlighted the need for a balanced approach to energy policy and underscored natural gas as a key enabler of a lower carbon future. Here are three takeaways from […]
Ecopetrol and Petrobras ordered to halt drilling at gas well offshore Colombia
BOGOTA, COLOMBIA (Bloomberg, 13.Sep.2024, Words: 294) â A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of a gas well in the nationâs Caribbean waters after an Indigenous community sought legal protection. The community in the area of Taganga, near the city of Santa Marta, […]
YPF SA Announces Early Tender Results
(YPF, 13.Sept.2024) â YPF Sociedad AnĂłnima announced the early tender results as of 5:00 p.m. (New York City time) on 12 Sept. 2024 (the “Early Tender Date”) of its previously announced cash tender offers (each a “Tender Offer” and, collectively, the “Tender Offers”) to purchase outstanding securities listed in the table below (the “Securities”) not to […]
Cooldown Cargo Advances Next LNG Project: East Daley
(East Daley, 13.Sept.2024) â As the industry cleans up from Hurricane Francine, East Daley is watching Plaquemines LNG closely in southeastern Louisiana. Venture Global recently received its first LNG vessel – only this ship docked to deliver LNG, rather than export it. The company is using a cooldown cargo instead […]
Nucor Announces 206th Consecutive Cash Dividend
(Energy Analytics Institute, 12.Sep.2024) â The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.54 per share on the company’s common stock. This cash dividend is payable on 8 Nov. 2024 to stockholders of record on 27 Sep. 2024 and is Nucor’s 206th consecutive quarterly cash dividend, the company said 12 Sep. 2024 […]
Petrobras Updates on Favorable Arbitration
(Petrobras, 12.Sep.2024) â Petrobras informs that a favorable final arbitration award has been handed down in one of the arbitrations taking place before B3’s Market Arbitration Chamber (CAM). This arbitration was initiated by an association and was intended to be collective, trying to encompass all Petrobras shareholders who acquired shares on […]
Keeping the LNG Bandwagon Rolling
(Wood Mackenzie, 12.Sep.2024) â The LNG industry is on a roll. The âclubâ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. Whatâs more, capital remains available for new supply projects and import infrastructure. […]
Flex LNG Presentation at Pareto Securities’ Energy Conference
(Energy Analytics Institute, 12.Sep.2024) â TCEO Ăystein Kalleklev will be presenting for Flex LNG 12 Sep. 2024 at the 31st Energy Conference hosted by Pareto Securities. The presentation is attached hereto, Flex LNG said 12 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute (EAI). […]
“Shale en Argentina”: Pan American Energyâs Fausto Caretta
HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) â Pan American Energy Upstream Managing Director Fausto Caretta spoke on 12 Sep. 2024 at the âShale en Argentinaâ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentinaâs Vaca Muerta formation. What follows are excerpts from his participation […]
“Shale en Argentina”: IAPGÂ President Joe Amador
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 12.Sep.2024) â IAPG Houston president Joe Amador provided a general update and overview of Argentina’s Vaca Muerta shale play during the most recent edition of “Shale en Argentina” in Houston, Texas. What follows are excerpts from Joe Amadorâs participation at the event: â”If […]
“Shale en Argentina”: Pluspetrolâs JuliĂĄn Escuder
HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) â Pluspetrol Country Manager JuliĂĄn Escuder spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentina’s Vaca Muerta formation. What follows are excerpts from JuliĂĄn Escuder’s participation in the […]
TotalEnergies Joins Japanese Fund Dedicated to Developing Low-carbon Hydrogen
(Energy Analytics Institute, 12.Sep.2024) â TotalEnergies entered as an investor in the âJapan Hydrogen Fundâ at its first close, joining several major Japanese companies. The fund is dedicated to developing the low-carbon hydrogen value chain. At its launch, the fund is initially endowed with over $400mn, due to contributions from prominent […]
Factbox: US GOM Energy Sector Prepares for Hurricane Francine
(S&P Global, 11.Sep.2024) â Oil and natural gas producers, refiners and power companies were preparing Sept. 11 for the impacts of Hurricane Francine. According to the US National Hurricane Center, the storm was making landfall in the early evening as a Category 2 Hurricane. “After landfall, Francine is expected to […]
Reducing Emissions from the Troll Field
Equinor, 11.Sep.2024) â On Saturday, 7 Sep. 2024, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2. This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which […]
HD Hyundai Showcasing Eco-Friendly Future Technologies at Gastech in Houston
(Hyundai, 11.Sep.2024) â HD Hyundai will showcase the future of decarbonization and digital technologies at Gastech, the world’s largest gas exhibition. HD Hyundai has announced that it will participate in Gastech 2024, taking place in Houston, USA, from 17-20 Sep. 2024. The event is expected to host around 800 companies worldwide and attract over […]
Scala Data Centers and Rio Grande do Sul Govt Ink Infrastructure Deal
(Scala Data Centers, 11.Sept.2024) â The government of the Brazilian state of Rio Grande do Sul, through the Department of Economic Development (Sedec), and Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, signed a letter of intent today to enable the construction of […]
ILiAD DLE Tech Operating at Scale at SLB Project
(SLB, 11.Sep.2024) â ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB‘s Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada. ILiAD’s technology was […]
QatarEnergy Inaugurates the âRex TillersonâÂ
(QatarEnergy, 10.Sep.2024) â QatarEnergy inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The âRex Tillersonâ was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector. The traditional naming ceremony was held at the Hudong-Zhonghua Shipyard in the […]
APA on $950mn Asset Sale of Non-core Permian Assets
(APA, 10.Sep.2024) â APA Corporation entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950mn, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent […]
Petro-Victory Energy Inks MOU with Eneva in Brazil
(Energy Analytics Institute, 10.Sep.2024) â Petro-Victory Energy Corp. has entered into a Memorandum of Understanding (MOU) with Eneva for the development of Petro-Victory’s non-associated gas resources located in the SĂŁo JoĂŁo field, at the Barreirinhas basin, in the state of MaranhĂŁo. All of the activities to be carried out in the SĂŁo […]
Pampa Announces Settlement of Cash Tender Offer
(Pampa, 10.Sept.2024) â Pampa EnergĂa S.A. announced the settlement of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of Pampa’s outstanding Series 1 7.500% Notes due 2027 (the “Notes”) issued by the company under the indenture dated as of 24 Jan. 2017 (the “Indenture”). The Tender Offer expired at 8:00 […]
CLOU Electronics Inks BESS Warranty Service Deal in Chile
(CLOU Electronics, 10.Sept.2024) â CLOU Electronics, a BESS system integrator, has recently signed a BESS Warranty Service Agreement with INGENOVA ASESORIAS S.A. in Chile. Under this agreement, CLOU’s subsidiary, CL Energy Company, will engage the contractor to provide warranty repairs, commissioning, maintenance, and logistics services for Chile BESS market. As many […]
EIA: Gas Pipeline Capacity from the Permian Basin Set to Increase
(Energy Information Administration, 10.Sep.2024) â Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the projectâs stakeholders. Matterhorn […]
QatarEnergy to Build 6 New QC-MAX LNG Vessels in ChinaÂ
(QatarEnergy, 9.Sep.2024) â QatarEnergy signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 6 additional state-of-the-art QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels. The QC-Max vessels, which will be built […]
Kosmos Energy to Offer $500mn Notes Due 2031Â
(Energy Analytics Institute, 9.Sep.2024) â Kosmos Energy Ltd. intends to offer $500mn aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together w/ cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, […]
BW Limited on Ex-Dividend Trading
(Energy Analytics Institute, 9.Sep.2024) â BW LPG Limited will be traded ex-dividend on the Oslo Stock Exchange from 9 Sep. 2024 and from 10 Sep. on the New York Stock Exchange (NYSE), the company said 9 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute […]
G Mining Ventures to Buy the CentroGold Project from BHP
(G Mining Ventures, 9.Sep.2024) â G Mining Ventures Corp. (“GMIN” or the “Corporation“) has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited. This includes the CentroGold Project (“CentroGold” or the “Project“). In consideration for the acquisition, GMIN will […]
Exmar Releases Half-year 2024 Results
(Exmar, 6.Sep.2024) â The Board of Directors of EXMAR has approved the interim accounts for the period ending 30 June 2024. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. ____________________
Gerdau and Petrobras Ink Deal for Low-carbon Business Studies
(Petrobras, 9.Sep.2024) â Petrobras has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in a […]
Tropical Cyclone Six Impact to the Port: Hurricane Readiness Condition 3
(Port of Corpus Christi, 9.Sep.2024) â Due to the active tropical conditions anticipated in the Gulf of Mexico, the Port of Corpus Christi has increased its Hurricane Readiness Status to Hurricane Readiness Level 3 (Increased Readiness), in accordance with its 2024 Hurricane Readiness Plan. The Port continues to monitor possible impact scenarios in […]
US Court Officer Moves to Block Creditors from Derailing Citgo Auction
(Reuters, 9.Sep.2024) â U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the case to prevent creditors from pursuing additional lawsuits that could derail the sales process. Three creditors that had registered claims with the court but are unlikely to […]
Minister Young Calls for Conversation on Implementation at CCS Symposium
(Energy Analytics Institute, 7.Sep.2024) â Trinidad and Tobagoâs head of the Ministry of Energy and Energy Industries (MEEI), Stuart R. Young, Acting Prime Minister of the Republic of Trinidad and Tobago, called for a move from conversation on carbon capture and storage (CCS) to implementation due to the urgency of […]
Petrobras and Embrapa to Research Low-carbon Products and Fertilizers
(Petrobras, 6.Sep.2024) â Petrobras and Embrapa signed a Cooperation Agreement (CA) this Friday (6/6) to conduct technical studies on renewable raw materials to obtain low-carbon products, including biofuels, green chemistry, and fertilizers. Â Â This partnership requires Petrobras to devise technological solutions and develop biofuel and bioproduct production plants. Embrapa, in turn, […]
Noble Announces Major Shareholder Notification
(Noble, 6.Sep.2024) â Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) hereby announces the receipt of a major shareholder notification from APMH INVEST A/S. On 5 Sep. 2024, APMH INVEST A/S, acting on behalf of itself and its ultimate owner A.P. MĂLLER […]
Pampa Energia raises over $400mn to accelerate Vaca Muerta drive
BUENOS AIRES, ARGENTINA (Reuters, 6.Sep.2024) â Argentine natural gas producer Pampa Energia announced a debt issuance of $410 million on Friday, signaling investor confidence in the company as it expands operations in the country’s Vaca Muerta shale formation. The development of the massive shale deposit, where competitors including state-owned YPF and […]
Lummus Names Obayagbona as CFO
(Energy Analytics Institute, 5.Sep.2024) â Lummus Technology announced that its board of directors has appointed Mr. Edosa Obayagbona to serve as the company’s Executive Vice President and Chief Financial Officer (CFO). In this role, Obayagbona will join Lummus’ executive team and lead all aspects of the company’s financial management, including […]
Ecopetrol Announces Settlement of its Global Notes due 2026
(Ecopetrol, 5.Sep.2024) â Ecopetrol S.A. announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5bn. This make whole covered a notional amount of US$250mn and the repurchase price was US$1,014.41per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) â The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5 Sep. 2024, during which the eight member countries emphasized their collective resolve to […]
Brock Group Names CFO
(Energy Analytics Institute, 5.Sep.2024) â The Brock Group, after an extensive search, announced that Mike Dear has joined the organization as the Chief Financial Officer (CFO), effective 26 Aug. 2024. “We are extremely pleased to have Mike join us as the CFO for Brock,” said Frank Bardonaro, Jr., CEO for the […]
Vista Energy to Pump Over $1bn into Growing Argentina Shale
(Reuters, 4.Sep.2024) â In a push to unlock more of the oil riches buried in a massive shale deposit in Argentina, Vista Energy will invest about $1.1 billion this year as it also aims to cut costs there by double digits, the firm’s chief executive told Reuters. Miguel Galuccio, Vista Energy’s […]
STRYDE Awarded Landmark Seismic Contracts in Mexico
(STRYDE, 4.Sep.2024) â STRYDE, the company behind the worldâs smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios SĂsmicos de ExploraciĂłn (SSE) and SeisGlobe Geoservices. These contracts represent STRYDEâs first projects in Mexico and strengthen its foothold in the Latin American market. Under the first […]
Enverus Reveals Texasâ Renewable Energy Hot ShotsÂ
(Enverus, 4.Sep.2024) â Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a list of the top solar, wind and energy storage developers in Texas and the counties they operate in. This list leverages Enverusâ proprietary Interconnection Queue Analytics tool and transmission project […]
Noble Corp. Closes Diamond Acquisition
(Noble, 4.Sep.2024) â Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]
Petrobras Prices U.S. Dollar-denominated Global Notes
(Petrobras, 4.Sep.2024) â Petrobras announces the pricing of global notes denominated in U.S. Dollars (the âNotesâ) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur […]
Sempra BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) â The Board of Directors of Sempra declared a $0.62/share quarterly dividend on the companyâs common stock, which is payable 15 Oct. 2024, to common stock shareholders of record at the close of business on 26 Sep. 2024. Sempra’s Board of Directors also declared a semi-annual […]
Hess BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) â The Board of Directors of Hess Corporation declared a regular quarterly dividend of $0.50/share payable on the common stock of the corporation on 30 Sep. 2024 to holders of record at the close of business on 16 Sep. 2024. The dividend represents a 14% increase vs […]
Frontera Reveals $30mn Substantial Issuer BidÂ
(Frontera, 4.Sep.2024) â Frontera Energy Corporation announces that its board of directors has approved the commencement of a substantial issuer bid (the “Offer“) pursuant to which the company will offer to purchase from holders (“Shareholders“) of common shares of the company (the “Shares“) up to 3,375,000 Shares for cancellation at […]
Fitch Rates Crescent Energyâs $250mn Add-On Issue
(Fitch, 4.Sep.2024) â Fitch Ratings rates the $250mn add-on issue to Crescent Energy Finance LLCâs existing $750mn 7.375% 2033 notes, in line with Crescentâs existing senior unsecured debt BB- ratings. The proceeds from the new tap issue will be used to reduce borrowings under the companyâs reserve-based lending facility. Crescent […]