(Golden Minerals, 3.Sep.2024) — Golden Minerals Company signed a letter agreement to sell Silex Argentina S.A., its wholly-owned subsidiary that owns the El Quevar Project, and also provided updates on additional corporate activities. Silex Argentina Sale The company signed a Letter Agreement (the “Letter Agreement”) with Butte Energy Inc. whereby […]
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization
(New Fortress Energy, 3.Sep.2024) — New Fortress Energy Inc. has received authorization from the United States Department of Energy (DOE) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years. […]
Petrobras to Offer Dollar-denominated Global Notes
(Petrobras, 3.Sep.2024) — Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets, subject to market and other conditions, and (ii) cash tender offers to purchase any and all of […]
Paramount Announces Sep. Dividend, Montney Appraisal Wells at Sinclair
(Paramount, 3.Sep.2024) — Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on 27 Sep. 2024 to shareholders of record on 16 Sep. 2024. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Consistent […]
Permian Resources to Increase Base Dividend
(Permian Resources, 3.Sep.2024) — Permian Resources Corporation announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share ($0.60 per share annually). This represents a 150% increase to the company’s prior base dividend and provides a leading base […]
Chevron Boosts Recovery at Two Facilities in US GOM
(Chevron, 3.Sep.2024) — Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico, where Chevron operations produce some of the world’s lowest carbon intensity oil and gas. “Delivery of these two projects […]
Permian Resources Execs to Present at Barclays Conference
(Energy Analytics Institute, 3.Sep.2024) — Permian Resources Corporation Co-CEO Will Hickey and CFO Guy Oliphint are scheduled to present at the Barclays CEO Energy-Power Conference in New York City, New York on 3 Sep. 2024 at 12:40 p.m. Eastern Time, the company said 3 Sep. 2024 in an official statement. […]
Weatherford Acquires Datagration Solutions
(Weatherford, 3.Sep.2024) — Weatherford International plc announced the acquisition of Datagration Solutions Inc., an innovator in unified data integration, analytics, and machine learning. The acquisition establishes Weatherford as having one of the industry’s most capable and contemporary digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across […]
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the Board of Directors made the following appointments on 30 Aug. 2024: Ecopetrol also announces that Nicolás AzcuĂ©naga RamĂrez, whose current position is Corporate Vice President of Strategy and New Businesses, will hold that position until 15 Sep. 2024, terminating his contract by […]
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the directors Juan JosĂ© EchavarrĂa and Luis Alberto Zuleta presented their resignations as independent members of the company’s Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to […]
Petrobras and CSN Ink Deal to Supply Gas in RJ’s Free Environment
(Petrobras, 2.Sep.2024) — “Petrobras and CSN entered into a contract to supply natural gas to the CNS plant situated in Rio de Janeiro (RJ). This steelworks’ migration to the free environment has Petrobras as its chief supplier among a pool of suppliers. The new partnership in the natural gas market […]
bpTT to Divest Fields to Perenco, Refocusing Gas Business
(bp, 2.Sep.2024) — bp Trinidad and Tobago (bpTT) has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities. The agreement also includes the undeveloped resources from the Parang field. bpTT operates, and currently is the sole owner in each of […]
Increased Ripple Effects from Equinor in Norway
(Equinor, 28.Aug.2024) — A new report shows that deliveries for exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway had a value of more than NOK 134 billion in 2023, 94 per cent of which were invoiced by Norwegian suppliers. Equinor plans to maintain its oil and […]
EAI’s NRGBriefs: Aug. 2024
(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target at the Uchuva-2 well offshore Colombia; Golar LNG and bp entering into commercial reset arrangements for FLNG Gimi; and more. LATIN AMERICA AND THE CARIBBEAN […]
Fitch Sees Pickup in Permian Transactions
(Energy Analytics Institute, 30.Aug.2024) — ”Fitch believes Permian transactions could pick up again if large producers choose to shed non-core assets, following recent consolidation, to meet debt reduction targets or re-focus their asset base,” Fitch said 9 Aug. 2024 in an official statement. ”These assets could be acquisition targets for […]
Interoil Exploitation Activity in Colombia
(Interoil, 30.Aug.2024) — Interoil Exploration and Production ASA’s Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), shall carry out a campaign aimed at improving substantially the current production from all its operated fields in Colombia. This activity includes the reopening of shut-in wells in Maná, RĂo Opia and Ambrosia Fields, […]
Amigo LNG inks LNG supply deal with OQ Trading, Oman
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 30.Aug.2024, Words: 233) — Amigo LNG SA de CV of Mexico, a subsidiary of LNG Alliance Pte Ltd, Singapore, entered into a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied […]
Eco Atlantic Completes Farm Down in Block 3B/4B Orange Basin South Africa
(Eco Atlantic, 30.Aug.2024) — Eco (Atlantic) Oil & Gas Ltd. announced completion of a farm down of a 13.75% Participating Interest in Block 3B/4B offshore the Republic of South Africa (“the Block”) and Transfer of Operatorship of the Block after receipt of the requisite regulatory approvals (Section 11) from the government of South Africa (“Completion”). […]
Petrobras Inks 26 Concession Contracts in the Pelotas Basin
(Petrobras, 30.Aug.2024) — PetrĂłleo Brasileiro S.A. or Petrobras, following up on Communication of 13 Dec. 2023, signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. […]
Diverging Paths: Argentina Versus Brazil’s Energy Policies
(Rystad, 29.Aug.2024) — Argentina and Brazil are the two largest economies on the South American continent, and both are places that foreign investors have been cautiously eyeing for some time now. For many years both countries pursued a similar path while sharing a similar government ideology in their respective capitals. Now, […]
Petrobras to Invest BRL 500mn in Five Supercomputers
(Petrobras, 29.Aug.2024) — Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world’s foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500mn. One of the machines, capable of processing the […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro EnergĂa LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]
Major Integrated to Sell Unused Energy Assets on AllSurplus Marketplace
(Liquidity Services, 28.Aug.2024) — Liquidity Services, a global commerce company powering the circular economy, announced the sealed bid auction of energy surplus assets for a leading integrated oil and gas partner. Three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations are currently available until 6:00 pm EDT on 12 […]
Shell and Akselos Ink Deal for Structural Performance ManagementÂ
(Akselos, 28.Aug.2024) — Akselos, a provider of Structural Performance Management software, is pleased to announce a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY INTERNATIONAL B.V.  The new agreement between Akselos and Shell will extend successful projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO and […]
Sepetiba Platform Reaches Top Pre-salt Production
(Petrobras, 28.Aug.2024) — The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last 27 Aug. 2024. This milestone was reached within the estimated time frame of eight months due to the promptness […]
Rising Energy Demand, Underinvestment Jeopardise Global Energy, IGU SaysÂ
(IGU, 27.Aug.2024) —The International Gas Union (IGU), Snam and knowledge partner Rystad Energy, are releasing the 2024 Global Gas Report (GGR) at the ONS Conference. Global gas markets stay in fragile equilibrium, with limited supply growth as demand rises steadily, up by 1.5% in 2023, with an expected acceleration to 2.1% by the end of 2024. Asia […]
A Month After Venezuela’s Contested Election, the Opposition Fights On
(The Washington Post, 27.Aug.2024) — A month ago, Venezuela’s opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the entrenched autocratic regime of President Nicolás Maduro. Even as Maduro and his allies stacked the odds against their opponents, disqualifying top candidates and wielding the […]
Strengthening Emergency Preparedness in the Barents Sea
(Equinor, 27.Aug.2024) — Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea. The solution will add new resources, expertise and capabilities that will strengthen safety and emergency preparedness in this ocean area. “Safety is our number one priority, we must have a good emergency […]
Karpowership Partners with World Bank to Close Gender Gap in Africa’s Energy Sector
(Karpowership, 26.Aug.2024) —This new partnership aims to advance gender equality within Africa’s energy sector, bolstering employment opportunities for women across at least ten countries and fostering a more inclusive and sustainable future. Aligned with the World Bank’s 2024-2030 Gender Strategy, this initiative focuses on four key pillars: enhancing female employment, promoting professional […]
ExxonMobil Global Outlook: Our view to 2050
(ExxonMobil, 26.Aug.2024) — In 2050, the world will be different—vastly different. To meet critical needs, the world will need to increase access to reliable, affordable energy from a broad set of solutions. ____________________
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President AndrĂ©s Manuel LĂłpez Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that it was impossible to break it. LĂłpez Obrador, also known as AMLO, made the statements on 26 Aug. 2024 during […]
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(Bloomberg, 26.Aug.2024) — Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions by mid-century well out of reach. Oil demand will remain above 100 million barrels a day through […]
Equinor to Use World’s First Ammonia-powered Supply Vessel
(Equinor, 26.Aug.2024) — Equinor has signed a contract with Eidesvik Offshore for the conversion of the Viking Energy supply vessel to ammonia operation. The vessel will be fully converted and put into operation with low emissions in 2026. The vessel supplies Equinor’s installations on the Norwegian continental shelf (NCS). Viking Energy […]
Equinor Announces Cash Dividend for 1Q:24
(Equinor, 23.Aug.2024) — Equinor ASA announced on 25 April 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per share of USD 0.35 for first quarter 2024. The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
POWERCHINA Alleviates Harsh Conditions with Construction Projects
(Power Construction Corp. of China, 9.Aug.2024) — Power Construction Corporation of China continues to do its part to alleviate the harsh summer climate change challenges affecting many regions worldwide. The company’s series of construction projects and actions have enhanced the flood control and drought resistance capabilities of various regions in Americas, Africa, and Asia, improved […]
Ecopetrol to Execute $250mn Loan Agreement with International Bank
(Ecopetrol, 21.Aug.2024) — Ecopetrol S.A. announces that the Ministry of Finance and Public Credit (MHCP) has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476 dated August 20, 2024. The loan is expected to be executed by and between the company, as borrower, and Sumitomo Mitsui […]
North Star Invests ÂŁ5mn in Digital Transformation
(North Star, 20.Aug.2024) — North Star, the UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than ÂŁ5mn in new business support software systems to drive operational and sustainability efficiencies across its operations, whilst also boosting its seafarers’ wellbeing. Its new digital solutions include a multi-million-pound investment […]
EVLO Puts into Operation a First Battery Energy Project in the US
(EVLO, 20.Aug.2024) — EVLO Energy Storage Inc., a fully integrated battery energy storage system (BESS) provider and wholly owned subsidiary of Hydro-QuĂ©bec, today announced that it has completed the commissioning of a first utility-scale BESS project in the United States. The contracted 3 MW/12 MWh installation is in Troy, Vermont. […]
NextDecade Withdraws CCS Application at FERC
(NextDecadde, 20.Aug.2024) — NextDecade Corporation’s subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding. “We appreciate the FERC’s diligence during the review process,” said NextDecade Chairman and CEO Matt […]
AVAIO Partners with Sunbird Energy for Energy Solutions Across Quebec
(AVAIO, 20.Aug.2024) — AVAIO Digital Partners (ADP), a data center business developing sustainable hyperscale data centers in North America and Europe, is pleased to announce its partnership with one of Quebec’s leading renewable energy developers, Sunbird Energy. The partnership integrates Sunbird’s renewable energy capabilities with ADP’s large scale development project in […]
Petronet LNG Selects Lummus’ Novolen Technology for New, Large-Scale Plant in India
(Lummus Technology, 20.Aug.2024) — Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced an award from Petronet LNG Ltd. Petronet will license Lummus’ Novolen® polypropylene (PP) technology for a new 500 KTA plant in Dahej, Gujarat, India. “This award strengthens Novolen’s position in India and around the world, reinforcing it as […]
GAS Entec and AG&P to Build a Strategic LNG Terminal in the Kingdom of Jordan
(GAS Entec, 20.Aug.2024) — LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred as Consortium, has been awarded a contract to build Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG Terminal at Port of Aqaba in the Kingdom of Jordan. The tender was awarded […]
Fortera Secures $85mn for Deployment of Low-Carbon Cement
(Fortera, 20.Aug.2024) — To meet the growing demand to lower the cement industry’s carbon emissions, advanced materials manufacturer Fortera secured $85mn in Series C funding to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure. The round included participation from previous investors Khosla Ventures and Temasek, and first-time investments from Wollemi Capital, NOVA […]
TGS Secures Extension to Ocean Bottom Node Program in GOM
(TGS, 20.Aug.2024) — TGS announced the award of an Ocean Bottom Node (OBN) data acquisition contract in North America. This four-month extension to an existing contract will build on existing operations, reinforcing TGS’ position in the market and underscoring the commitment to delivering high-quality seismic data solutions. The project is […]
Tethys Oil’s Production Update — July 2024
(Tethys, 20.Aug.2024) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in July 2024 amounted to 238,290 barrels of oil, corresponding to 7,687 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the […]
FMC Submits Applications in Eight Countries for Dodhylex™ Active
(FMC, 20.Aug.2024) — FMC Corporation, an agricultural sciences company, recently submitted regulatory applications for Dodhylex™ active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, which account for approximately 35% of the estimated 165 million hectares of planted rice globally. Regulatory submissions for Dodhylex™ active are […]
Fortune Completes New Option Agreement to Acquire the JFSL Alberta Refinery
(Fortune, 19.Aug.2024) — Fortune Minerals Limited has entered into a new option agreement with JFSL Field Services ULC (JFSL) to purchase the brownfield industrial site in Lamont County, Alberta where it plans to construct its hydrometallurgical refinery (Alberta Refinery). The Alberta Refinery would process metal concentrates from Fortune’s planned NICO […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) — New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore Altamira, Mexico (FLNG) has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed the significant milestone […]
Oxy on Continued Progress on Debt Reduction, Divestiture Initiatives
(Oxy, 19.Aug.2024) — Occidental announced it has achieved $3bn in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow from operations and proceeds from divestitures. “We are pleased with the rapid and significant progress of our deleveraging program along with enhancements made to our already […]
SLB and Palo Alto Networks to Strengthen Cybersecurity
(SLB, 19.Aug.2024) — Global energy technology company SLB and global cybersecurity company Palo Alto Networks announced they are expanding their collaboration to strengthen cybersecurity for the energy sector. The companies will combine SLB’s cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks’ cross-industry, platform-based […]