(Petrobras, 1.Jul.2024) — Petrobras, following up on the release disclosed on 23 Feb. 2024, in which it reported the signing of the contract for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA) to Ambar Energia S.A., announces today that it has closed the transaction. […]
NextDecade Subsidiary RGLNG Issues $1.1bn Senior Notes Due 2047
(NextDecade, 1.Jul.2024) — NextDecade Corporation’s subsidiary Rio Grande LNG, LLC issued $1.115bn of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG’s […]
Tellurian Closes $260mn Asset Sale, Retires Senior Secured Debt
(Tellurian, 1.Jul.2024) — Tellurian Inc. closed the previously reported sale of its integrated upstream assets for $260mn to affiliates of Aethon Energy Management LLC, fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The company utilized […]
Aethon Completes Purchase of Tellurian Upstream, Midstream Assets
(Aethon, 1.Jul.2024) — Aethon Energy Management LLC successfully closed on the acquisition of Tellurian’s integrated upstream assets. Aethon’s footprint across its Fund II and Fund III assets in the Haynesville Shale now includes approximately 375,000 net acres with gathering and treating capacity of over 3 Bcf/d. Concurrent with the acquisition, […]
EAI’s NRGBriefs: June 2024
(Energy Analytics Institute, 30.Jun.2024) — Energy briefs as well as others related to finance and projects during June 2024 including Wintershall Dea and its partners from TotalEnergies and Pan American Energy have started development drilling at the Fenix field in Argentina; Trendsetter Engineering has been awarded a significant contract by […]
CNRL’s June 2024 Explanatory Statement
(Energy Analytics Institute, 30.Jun.2024) — Canada’s federal government has passed omnibus Bill C-59, which includes amendments to the Competition Act, resulting in changes to the law around environmental communications, Canadian Natural Resources Limited (CNRL) announced 30 Jun. 2024 in a statement on its website. “There is uncertainty on how this […]
Update on Capsized Vessel off Cove, Tobago
(MEEi, 29.Jun.2024) — The Ministry of Energy and Energy Industries advises that on 28 June 2024, the De-Inventory Phase of operations has been completed. All safely recoverable hydrocarbons from the wreck have been successfully pumped off the capsized barge, amounting to 32,303 barrels. The De-Inventory phase involved pumping hydrocarbons from the […]
Decisions of BODs of Ecopetrol
(Ecopetrol, 28.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, at its meeting held on 28 June 2024, appointed independent Director Gonzalo Hernández Jiménez as a member of the Audit and Risk Committee of the Board of Directors. The members of the Audit and Risk Committee are: Luis Alberto Zuleta Jaramillo (Chairman) […]
Petrobras Informs on Unigel Contract
(Petrobras, 28.Jun.2024) — Petrobras, following up on the releases disclosed on 29 Dec. 2023 and 5 Feb. 2024, informs that the contract for Industrialization to Order (Tolling) signed with Unigel Group, signed on 29 Dec. 2023, did not have its conditions of effectiveness met within the established period (27 Jun. 2024) […]
Stena Places order for two new E-Flexer RoPax vessels
(Stena RoRo, 28.Jun.2024) — Stena RoRo has ordered another two E-Flexer RoPax vessels from the Chinese shipyard CMI Jinling (Weihai). The vessels will be delivered in 2027 to the Greek shipping company Attica Group and will operate in the Adriatic Sea. This is Stena RoRo’s fourteenth and fifteenth vessel in the E-Flexer series. The […]
Eni Inks Deal to Sell Upstream Assets in Alaska
(Eni, 27.Jun.2024) — Eni inked a binding agreement with Hilcorp, one of the largest US private company with extensive experience operating in Alaska, for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska. This transaction is consistent with Eni’s strategy focused on the rationalization of […]
JinkoSolar Repurchased 4,503,178 ADSs
(JinkoSolar, 27.Jun.2024) — JinkoSolar Holding Co., Ltd. announced that as of the date of this press release, the company has repurchased a total of 4,503,178 ADSs in an aggregate amount of approximately US$110.7mn in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in Dec. 2023. […]
FERC Approves Venture Global’s CP2 LNG
(Venture Global, 27.Jun.2024) — Venture Global issued the following statement on the Federal Energy Regulatory Commission’s (FERC) approval of CP2 LNG, the company’s third export facility. “Venture Global applauds the Commission and FERC staff for their independent and thorough review and approval of CP2 LNG,” said Mike Sabel, CEO of Venture Global […]
Oceaneering Awarded Multiple Contracts for Vessel Services in the US GOM
(Oceaneering, 27.Jun.2024) — Oceaneering International, Inc. announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico. The scope of work under the first contract includes a mix of basic and heavy inspection, maintenance, […]
JordProxa and Zelandez Partnership Set to Accelerate Lithium Carbonate Supply
(JordProxa, 27.Jun.2024) — JordProxa and Zelandez announced the signing of a partnership designed to speed up the supply of lithium from lithium brine mining companies in North and South America. The collaboration links the world’s leading lithium brinefield technology provider with one of the most respected names in modular plant […]
Ecopetrol Reports Senior Management Changes
(Ecopetrol, 26.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, in its meeting held on 28 June 2024 adopted the following decisions: As part of the implementation of the new organizational structure, approved and reported on 6 June, the following appointments were made: Sandra Lucía Rodríguez, who currently serves as Vice President of […]
TXO Partners Announces Pricing of Upsized Public Offering
(TXO, 26.Jun.2024) — TXO Partners, L.P. (NYSE: TXO) announced the pricing of its public offering of 6,500,000 common units representing limited partner interests in TXO (the “common units”) at price to the public of $20.00 per common unit. The offering size was increased from the previously announced offering size of 5,000,000 […]
IGU Releases 2024 World LNG Report
(IGU, 26.Jun.2024) — Despite lower price, the growing global LNG market stays tight amid supply constraints, according to the 2024 IGU World LNG Report. Released today, the IGU’s 15th annual World LNG Report finds that global LNG trade grew by 2.1% in 2023, surpassing 401 million tonnes (MT). This global […]
Venture Global Launches First Vessel from State-of-the-Art LNG Fleet
(Venture Global, 25.Jun.2024) — Venture Global announced the successful launch of its first LNG vessel, the Venture Gator at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers in the Venture Global fleet to be completed in quick succession […]
Capstone Copper Announces First Saleable Copper Concentrate in Chile
(Capstone Copper, 25.Jun.2024) — Capstone Copper Corp. (TSX:CS) (ASX:CSC) announced that the first saleable copper concentrate was produced at its Mantoverde Development Project (“MVDP”) in Chile, as the mine advances commissioning and ramps up to full production levels. The unchanged key commissioning milestones at the MVDP include: First ore to the […]
Cedar LNG Announces Positive $4bn FID
(Cedar LNG, 25.Jun.2024) — The Haisla Nation and Pembina Pipeline Corporation, partners in Cedar LNG Partners LP, announced a positive final investment decision (FID) on the Cedar LNG Project, a floating liquefied natural gas (LNG) (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum (MTPA), located in the […]
ExxonMobil and EV battery maker SK On Ink MOU
(ExxonMobil, 25.Jun.2024) — ExxonMobil signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of MobilTM Lithium from the company’s first planned project in Arkansas. SK On plans to […]
TXO Partners Commences Underwritten Public Offering
(TXO Partners, 25.Jun.2024) — TXO Partners, L.P. (NYSE: TXO) announced, subject to market and other conditions, the commencement of an underwritten public offering of 5,000,000 common units representing limited partner interests in TXO (the “common units”). TXO expects to grant the underwriters a 30 day option to purchase up to an […]
Capstone Copper Announces First Saleable Copper Concentrate at MVDP in Chile
(Capstone, 25.Jun.2024) — Capstone Copper Corp. (TSX:CS) (ASX:CSC) announced that first saleable copper concentrate was produced at its Mantoverde Development Project (“MVDP”) in Chile, as the mine advances commissioning and ramps up to full production levels. The unchanged key commissioning milestones at the MVDP include: First ore to the primary crusher […]
ExxonMobil adds Air Liquide to Low-carbon Hydrogen Project
(ExxonMobil, 24.Jun.2024) — ExxonMobil and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility. The agreement will enable transportation of low-carbon hydrogen through Air Liquide’s existing pipeline network. Additionally, Air Liquide will build and operate four Large Modular Air separation […]
Petrobras on New BOD Member Elections
(Petrobras, 28.Jun.2024) — The Petrobras Board of Directors elected the following members to the company’s executive board in a meeting held this Friday (06/28): Renata Baruzzi (Executive Director of Engineering, Technology, and Innovation), Sylvia dos Anjos (Executive Director of Exploration and Production), and Fernando Melgarejo (Executive Director of Finance and Investor […]
TotalEnergies Wins Further Maritime Lease in the North Sea
(TotalEnergies, 21.Jun.2024) — TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 km north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area […]
Petrobras, Gerdau and Naturgy Ink Deal for Gas Supply in Rio de Janeiro Free Market
(Petrobras, 21.Jun.2024) — Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau’s long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market […]
Woodside Revises Leadership Structure
(Woodside, 26.Jun.2024) — Woodside announced a revised leadership structure to deliver the next phase of the company’s strategy to thrive through the energy transition. The revised structure, which will take effect from 1 Aug. 2024, aggregates and elevates core business activities into a simplified operating model. Woodside CEO Meg O’Neill said the changes are […]
JinkoSolar to Supply Utility Scale Storage to Athens Airport
(JinkoSolar, 21.Jun.2024) — JinkoSolar Holding Co., Ltd. entered into a Heads of Terms with kIEFER to supply its large scale battery storage, SunTera to Athens International Airport (AIA), hence supporting its commitment to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will operate one of the largest self-consumption systems in an airport facility worldwide, and will […]
ExxonMobil to Sponsor Porsche Carrera Cup North America Series
(Exxon, 20.Jun.2024) — The impressive field of Porsche 911 GT3 Cup racers competing in the Porsche Carrera Cup North America championship are now fueled by ExxonMobil’s Synergy Supreme+ premium gasoline – the same fuel available at the pump at gas stations across North America. ExxonMobil’s debut as the official fuel for […]
Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled
(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations. The third and final arbitrator has not […]
Fulcrum LNG Named to Help Guyana Develop its Gas Resources
(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company’s proposal was selected from among 17 submitted to Guyana for the […]
TotalEnergies Launches Ubeta Gas Development to Supply Nigeria LNG Liquefaction Plant
(TotalEnergies, 20.Jun.2024) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port […]
Grupo Carso Acquires 100% of Capital Stock of PetroBal
(Grupo Carso, 20.Jun.2024) — Grupo Carso, S.A.B. de C.V., following its notice dated 18 Dec. 2023, informs the investor public that since the stipulated conditions have been met and the corresponding regulatory authorizations obtained, on this date through its subsidiary Zamajal, S.A. de C.V., of which it owns 90% of […]
Equinor Secures Permit for CO2 Storage in Denmark
(Equinor, 20.Jun.2024) — Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ørsted and Nordsøfonden. The partnership will start surveys to assess if the onshore license in the North West Zealand can be developed into a safe CO2 storage facility. The partners were awarded permit […]
Equinor Bags Two New North Sea CO2 Storage Licenses
(Equinor, 20.Jun.2024) — Equinor has been awarded the operatorships for the development of two new CO2 storages in the North Sea. The new licenses are important building blocks for developing the Norwegian Continental Shelf into a leading area for CO2 storage in Europe. On 20 June, the Ministry of Energy announced the award […]
Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand
(Nexttracker, 20.Jun.2024) — Nextracker (Nasdaq: NXT), a global market leader in solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and supply chain solutions, today jointly announced a new factory in the Las Vegas area. This is the second Nextracker-dedicated manufacturing line that Unimacts has opened […]
Petrobras Says FPSO Maria Quitéria en Route to Brazil
(Petrobras, 19.Jun.2024) — Petrobras said the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of […]
TGS Announces Initiative to Enhance Market Insights
(TGS, 18.Jun.2024) — TGS is launching a new initiative to enhance market insights in U.S. offshore wind. This initiative aims to establish its flagship product, 4C Offshore, as the leading source for offshore wind and subsea cable market intelligence in this emerging market. As part of this expansion, TGS has […]
Shell Inks Deal to Acquire Pavilion Energy
(Shell, 18.Jun.2024) — Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with […]
Decarbonization of the Dunkirk Basin
(18.Jun.2024) — Air Liquide and Dunkerque LNG welcome the decision of the European Commission to support the D’Artagnan project. This CO2 transportation and exportation infrastructure is part of the “Cap Décarbonation” initiative, which aims to reduce CO2 emissions by 1.5 million tonnes each year in the industrial basin of Dunkirk […]
TGS and PetroAI Announce Strategic Partnership to Develop On-Demand AI Earth Models
(TGS, 18.Jun.2024) — TGS announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS’s licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and development […]
Ndustrial Expands Industrial Energy Platform into LatAm
(Ndustrial, 18.Jun.2024) — Ndustrial, the AI-powered energy intensity platform for industry, is expanding its presence throughout Latin America to meet strong customer demand to drive down industrial energy costs and emissions. The company is deploying its technology at more than a dozen industrial facilities from Chile to Mexico, with native functionality in Spanish, Portuguese and English. […]
Equinor Expands Renewables Portfolio in Poland with New Solar Plant
(Equinor, 18.Jun.2024) — Equinor’s third solar plant in Poland, Lipno has started test production. This brings the company’s onshore renewables capacity in Poland to ~200 MW, and further strengthens its position in one of the fastest-growing renewable energy markets in Europe. Lipno is located in the Wielkopolskie province in central Poland. The […]
Petrobras Inks Protocol of Intentions with the Government of Rio de Janeiro
(Petrobras, 18.Jun.2024) — Petrobras, on 18 Jun. 2024, signed a Protocol of Intentions with the Government of the State of Rio de Janeiro to carry out joint studies to feasibility of implementing an offshore wind energy pilot project. The agreement provides for the establishment of cooperation mechanisms, with the alignment […]
UN Agency Recommends New Maritime Traffic Measures in the Santos Basin
(Petrobras, 18.Jun.2024) — This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil […]
TGS Releases Dynamic Matching FWI Volume for West Kermit 3D
(TGS, 17.Jun.2024) — TGS released the Dynamic Matching FWI (DM FWI) volume for West Kermit 3D in the Delaware Basin. The final new data volumes include time reprocessing and a fully integrated depth model, featuring diving wave and reflection DM FWI. The West Kermit 3D seismic survey spans 1,054 sq […]
Mexican Billionaire Carlos Slim Wants to Join Pemex in Deepwater Natural Gas Project
(Reuters, 17.Jun.2024) — Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon’s team were discussing ways to […]
Energy Transfer Submits HSR Act Filing In Connection With WTG Acquisition
(Energy Transfer, 17.Jun.2024) — Energy Transfer LP (NYSE: ET) recently submitted its premerger notification filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with its previously announced acquisition of WTG Midstream Holdings LLC. In addition, Energy Transfer announced that the 20% interest in the BANGL […]