(Bloomberg, 18.Jul.2024) — Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade. The Hammerhead project will pump as much as 180,000 barrels a day as soon as […]
QatarEnergy Boosts Participation Offshore Suriname
(QataEnergy, 18.Jul.2024) — QatarEnergy signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron (the operator) will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company “Staatsolie”, will […]
World Bank Releases Report on Offshore Wind in Brazil
(World Bank, 17.Jul.2024) — The World Bank Group released a study on “Scenarios for Offshore Wind Development in Brazil” conducted by DNV, the global independent energy expert and assurance provider. This report is one of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under its Offshore […]
Kinder Morgan Reports 2Q:24 Financial Results
(Kinder Morgan, 17.Jul.2024) — Kinder Morgan, Inc.’s board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on 15 Aug. 2024 to stockholders of record as of the close of business on 31 July 2024. This dividend is a 2% increase […]
Experts Call for ‘Serious’ Debate About Fracking in Mexico
(S&P, 16.Jul.2024) — Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a serious debate, experts said at an energy forum held at the Mexican Senate. According to data from the National Hydrocarbons […]
Energy Transfer and Sunoco Announce Strategic Permian JV
(Energy Transfer, 16.Jul.2024) – Energy Transfer LP and Sunoco LP announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water […]
TotalEnergies and SSE Join Forces, Create Source
(TotalEnergies, 16.Jul.2024) — TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand “Source”. The new business will deploy in both countries up to 3000 high power charge points, meeting […]
JinkoSolar to Form a JV with RELC and VI in Saudi Arabia
(JInkoSolar, 16.Jul.2024) – JinkoSolar Holding Co., Ltd. announced that its indirectly majority-owned subsidiary, JinkoSolar Middle East DMCC, has entered into a shareholders agreement (the “Agreement”) with Renewable Energy Localization Company (RELC), a wholly-owned subsidiary of Public Investment Fund (PIF) and the national champion in the manufacturing of renewable and green energy technologies, […]
Aker Horizons ASA 2Q:24
(Aker, 16.Jul.2024) – Aker Horizons ASA announced results for the second quarter 2024. Aker Horizons’ net capital employed stood at NOK 7.1bn, an increase of NOK 1.9bn from the first quarter, mainly driven by a gain from the Aker Carbon Capture-SLB transaction. The company reported a cash position of NOK 3.1bn and an undrawn credit facility […]
ExxonMobil’s 7th project could push Guyana’s output beyond 1.5 MMb/d by 2029
GEORGETOWN, GUYANA (DPI, 16.Jul.2024) — The Environmental Protection Agency (EPA) has commenced the review of an application from ExxonMobil Guyana to develop a seventh oil project at the Hammerhead field in the Stabroek Block. According to the project summary on the agency’s website, this project is expected to add 120,000 to […]
Monitoring of Offshore Produced Formation Water Releases
(EPA, 15.Jul.2024) — Produced Formation Water (PFW), sometimes called Produced Water (PW) is water trapped in underground formations that is brought to the surface during oil and gas extraction. This water has been in contact with the hydrocarbon-bearing formation and as a result, contains some of the chemical characteristics of […]
IPCEI Approval Paves Way at bp’s Lingen Hydrogen Project
(bp, 15.Jul.2024) – bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany. The funding will help support the development of a 100MW green hydrogen project next to bp’s Lingen Refinery. German Federal Minister […]
TGS Announces Early Access to Gulf Coast Storage Assessment
(TGS, 15 July 2024) – TGS announces early access to a comprehensive carbon storage assessment dataset along the Texas and Louisiana Gulf Coast, covering the available GLO lease blocks. This evaluation will help prospective bidders maximize their bid accuracy, optimize project costs and drive sustainable growth in the CCS sector. […]
CNOOC Mades Major Exploration Breakthrough in Bohai Bay
(CNOOC, 15 July 2024) – CNOOC Limited has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located in eastern Bohai Bay, with an average water depth of about 26 m. The discovery well LK7-1-1 was drilled and completed at a depth of […]
Record Production of S-10 Diesel at RPBC
(Petrobras, 15.Jul.2024) — In the second quarter of this year, the Presidente Bernardes Refinery (RPBC) in Cubatão (SP) recorded a record in the production of S-10 diesel. It produced 990,000 m³, surpassing the previous mark of 966,000 m³ in the third quarter of 2023. The figure is also higher than that […]
US-Mexico Energy Trade Value Fell in 2023
(EIA, 15.Jul.2024) — The value of all energy trade between the United States and Mexico decreased almost 15% from $77.8bn in 2022 to $66.5bn in 2023, adjusted for inflation. Lower fuel prices more than offset the increase in the volume of energy trade between the two countries. Energy trade value […]
Audi and bp in Strategic Partnership for Formula 1
(bp, 14.Jul.2024) – Audi and bp are joining forces in an extensive new strategic partnership in Formula 1. As Audi prepares to enter the pinnacle of motor racing in 2026, which also marks the introduction of ground-breaking new FIA F1 Technical Regulations featuring enhanced electrification and use of Advanced Sustainable fuel, […]
Petrobras to Market Bunker with Renewable Content
(Petrobras, 11.Jul.2024) — Petrobras obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to market maritime fuel with renewable content. The company is the first in the country to receive authorization to deliver a bunker with 24% biodiesel to the market. VLS (Very Low Sulfur) B24, produced […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
Vista Reports 2Q:24 Results
(Vista, 11.Jul.2024) – Vista Energy, S.A.B. de C.V. reported financial and operational results corresponding to Q2 2024. Q2 2024 highlights: ____________________
Woodside and CPC Taiwan Ink Long-term Offtake Deals
(Woodside, 11.Jul.2024) — Woodside signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC) for the long-term supply of liquefied natural gas (LNG) to Taiwan. Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years, commencing in July 2024. Woodside […]
Honeywell to By Air Products’ LNG Process Technology
(Air Products, 10.Jul.2024) — Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81bn in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. As a result of the acquisition, Honeywell will be able to offer customers a comprehensive, […]
The bp Energy Outlook 2024
(bp, 10.Jul.2024) — This year’s Energy Outlook is focused on two main scenarios: Current Trajectory and Net Zero. These scenarios are not predictions of what is likely to happen or what bp would like to happen. Rather they explore the possible implications of different judgements and assumptions concerning the nature of the energy transition. The scenarios […]
Energy Chamber Welcomes Manatee FID
(Energy Chamber, 9.Jul.2024) — The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the final investment decision (FID) has been taken by Shell for the development of the Manatee field. This is a very significant development for Trinidad & Tobago and will help create stability for the country’s […]
Petrobras Inks Master Agreement with Yara Brasil Fertilizantes S.A.
(Petrobras, 9.Jul.2024) — Petrobras has signed a Master Agreement with Yara Brasil Fertilizantes S.A. as a next step in its negotiations to structure potential business partnerships in the fertilizer segment, production of industrial products and decarbonization of production, in line with the Memorandum of Understanding (MOU) signed by the parties on […]
Shell takes FID at Manatee in Trinidad and Tobago
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jul.2024, Words: 538) — Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken a final investment decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago. Manatee […]
Trinidad’s Minister Young Meets with DeNovo Execs
(MEEI, 9.Jul.2024) — The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met with DeNovo Energy Limited executives at the at the Ministry […]
Pennybacker Acquires Miami LNG Business
(Pennybacker Capital, 9.Jul.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. Financial terms were not disclosed. The transaction is expected to close in the third quarter of […]
Eni reveals new find offshore Mexico at the Yopaat-1 EXP exploration well in Block 9
MEXICO CITY, MEXICO (Fidencio Casillas, 8.Jul.2024) — Italian oil and gas giant Eni announced a new discovery at the Yopaat-1 EXP exploration well in Block 9. The well is located 63km off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. Preliminary estimates indicate […]
Exxon Mobil Signals 2Q Earnings hit from Refining Margins
(Reuters, 8.Jul.2024) — Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major’s second-quarter earnings. The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources for $60 billion, with the combined operations making it the […]
Hurricane Beryl Impact to the Port of Corpus Christi
(Port of Corpus Christi, 8.Jul.2024) — In response to the impacts of Hurricane Beryl, the Port of Corpus Christi Authority has now fully transitioned to Post-Storm Recovery in accordance with the 2024 Hurricane Readiness Plan. Port personnel are continuing to assess impacts; however no significant impacts have been reported. Port facilities, […]
Equinor Starts Production from Kristin South
(Equinor, 8.Jul.2024) — Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area on 7 July. The partnership submitted the plan for development and operation (PDO) of the Lavrans and Kristin Q discoveries as satellites to the […]
Devon Announces $5bn Strategic Acquisition in the Williston
(Devon Energy, 8.Jul.2024) — Devon Energy has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5bn, consisting of $3.25bn of cash and $1.75bn of stock to the sellers. The transaction is subject to customary terms and conditions, […]
Trinidad’s Minister Young Meets with Diplomatic Missions
(MEEI, 8.Jul.2024) — The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met separately, with representatives of the diplomatic missions of Brazil and […]
Asian Energy inks MOU for land in Sonora, Mexico
SONORA, MEXICO (By Asian Energy Capital, 8.Jul.2024, Words: 770) — A significant step towards sustainable energy production and environmental preservation was taken by Aslan Energy Capital by signing an MOU for the acquisition of 35,000 hectares of land in Sonora, Mexico. The land will serve as the foundation for the pioneering ANEM […]
ExxonMobil Shuts Hoover Platform as Beryl Approaches
(ExxonMobil, 7.Jul.2024) — As we prepare for severe weather that may impact our Gulf of Mexico operations, our primary focus is the safety of our workforce and communities in the affected areas. We continue to meet customer commitments. For the latest developments on Beryl, please visit the National Hurricane Center website. […]
Emergency Fuel Supply Provided to Grenada after Beryl
(MEEI, 6.Jul.2024) — In response to the devastating impact of Hurricane Beryl on the islands of Grenada and Carriacou, the Government of the Republic of Trinidad and Tobago, through the Ministry of Energy and Energy Industries, has coordinated with Paria Fuel Trading Company Limited to deliver an emergency supply of fuel […]
3R on Approval of Merger of Enauta by CADE
(3R, 5.Jul.2024) — 3R PETROLEUM ÓLEO E GÁS S.A. and Enauta Participações S.A., under the terms of CVM Resolution No. 44, 23 Aug. 2021, regarding the transaction involving the merger of Maha Energy (Holding) Brasil Ltda. into 3R, and of the merger of Enauta shares into 3R, communicate to its […]
Corpus Christi Port Readies for Arrival of Beryl Impact
(Port of Corpus Christi, 5.Jul.2024) — Anticipating the landfall of Hurricane Beryl on the Texas Gulf Coast, the Port of Corpus Christi has increased its Hurricane Readiness Status to Hurricane Readiness Level 2 (High Readiness), in accordance with its 2024 Hurricane Readiness Plan. The Port continues to monitor possible impact scenarios for Hurricane […]
Petrobras informs on the Addendum to the Cessation Commitment (TCC)
(Petrobras, 5.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on 22 May 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (“TCC”) for Refining, signed in 2019, through which new obligations were agreed involving […]
Kosmos Announces First Oil Production at Winterfell in the U.S. GOM
(Kosmos, 3.Jul.2024) — Kosmos Energy Ltd. announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico. Winterfell (Kosmos 25.04% working interest) is a phased development with the initial two production wells of the first phase now online and ramping up production. A […]
SLB OneSubsea Awarded Contract for TotalEnergies’ Kaminho Project
(SLB, 3.Jul.2024) — SLB has announced the award of a contract by TotalEnergies to its OneSubsea™ joint venture for a 13-well Subsea Production System scope, including associated equipment and services, in the development of the Kaminho project, offshore Angola. The project will be developed by TotalEnergies and its Block 20/11 […]
Kosmos Starts Oil Production at Winterfell in the U.S. GOM
(Kosmos Energy, 3.Jul.2024) — Kosmos Energy Ltd. announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S. Gulf of Mexico. Winterfell (Kosmos 25.04% working interest) is a phased development with the initial two production wells of the first phase now online and ramping up production. […]
Petrobras on Addendum to the TCC for Gas Sign with CADE
(Petrobras, 3.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (”TCC”) for Gas, signed on 8 July 2019. As announced by Petrobras, the addendum results from […]
SLB and TotalEnergies Announce 10-year Partnership
(SLB, 2.Jul.2024) — SLB and TotalEnergies announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, […]
SLB updates on planned ChampionX acquisition
HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institiute, 2.Jul.2024, Words: 108) — SLB and ChampionX have each received a request for additional information, a second request, from the U.S. Department of Justice (DoJ) in connection with the agency’s review of SLB’s earlier announced plans to acquired ChampionX. SLB expects the […]
BW LPG on Successful Completion of Redomiciliation to Singapore
(BW LPG, 1.Jul.2024) — Reference is made to the stock exchange announcement made by BW LPG Limited on 21 June 2024 regarding the subsequent court hearing (the “Sanction Hearing”) at which the Supreme Court of Bermuda (the “Court”) sanctioned the scheme of arrangement (the “Scheme”) between the company and its […]
New Fortress to Sell Miami Liquefaction and Storage Facility
(New Fortress, 1.Jul.2024) — New Fortress Energy Inc. has entered into a definitive agreement to sell its liquefaction and storage facility in Miami, Florida to a U.S. middle-market infrastructure fund. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions. The Miami […]
US judge halts Biden administration’s pause on LNG permits
WASHINGTON, DC (By Reuters, 1.Jul.2024, Words: 350) — A federal judge on Monday dealt President Joe Biden’s climate agenda a setback by blocking the Democrat’s administration from continuing to pause the approval of applications to export liquefied natural gas (LNG). U.S. District Judge James Cain in Lake Charles, Louisiana, sided with 16 Republican-led […]
Termination of Contract for FPSO Cidade Santos Acquisition
(Enauta, 1.Jul.2024) — Enauta Participações, considering the Material Fact disclosed on 21 Dec. 2023, informs that it has notified MODEC of the termination of the contract to acquire FPSO Cidade de Santos, as provided by contract, which also provides for reimbursement to Enauta of 50% of the amount disbursed at […]