(Cheniere, 17.Jun.2024) — Cheniere Energy, Inc.’s (NYSE: LNG) Board of Directors has approved an increase in its share repurchase authorization by an additional $4bn through 2027, and a plan to increase its quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter 2024. Today’s […]
Vizsla Silver Announces Shareholder Approval at Special Meeting
(17.Jun.2024) — Vizsla Silver Corp. announced that Vizsla Silver shareholders (“Shareholders“) approved the plan of arrangement (the “Arrangement“) with Vizsla Royalties Corp. (“Spinco“) at the special meeting of Shareholders held today (the “Meeting“). Under the Arrangement, the owners of common shares of Vizsla Silver (each a “VZLA Share“) are entitled […]
New Lithium Sampling Tool Will Help Find More Lithium
(Zelandez, 17.Jun.2024) — Zelandez, a provider of technology to the lithium brine industry, announced the availability of its new Borehole Formation Tester (BFT) to lithium developers worldwide. The slimmest pump-through formation tester ever made has been delivered to the lithium sector. The advanced tool can analyze fluid underground in real-time […]
Equinor and GRTgaz to Develop CO2 Transport Infrastructure in France
(Equinor, 17.Jun.2024) — Equinor and main French gas transmission operator GRTgaz signed a project development agreement (PDA) for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project. The development will consist of […]
Ecopetrol Authorized to Execute Loans with Local Banks for COP 1tn
(Ecopetrol, 17.Jun.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that through Resolution 1671 of 14 Jun. 2024, the Ministry of Finance and Public Credit (MHCP) authorized Ecopetrol to execute a loan agreement for up to 1tn Colombian pesos (COP). The loan is expected to be executed with Banco de Bogotá S.A. (COP 642bn), […]
Petrobras on Adherence to PGFN-RFB Transaction Public Notice 6/2024
(Petrobras, 17.Jun.2024) — Petrobras, in continuity to the notice to the market disclosed on 8 Apr. 2024, informs that the Board of Directors approved, with 10 (ten) votes in favor, today, the company’s adherence to the PGFN-RFB Transaction Public Notice 6/2024 (tax disputes of significant and widespread legal controversy), which […]
TGS and PetroAI Announce Strategic Partnership
(TGS, 15 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 […]
Wärtsilä Introduces New Connector Module for Engine Power Plants
(Wartsila, 14.Jun.2024) — Technology group Wärtsilä introduces Wartsila Connector Module, an enhanced engine auxiliary module design for Wartsila’s proven 18V50SG Engine Power Plants. The new Wärtsilä Connector Module is a significant advancement in engineering, offering substantial improvements in the construction, installation, and commissioning processes for engine power plants. The new […]
TotalEnergies Sells Subsidiary in Brunei
(TotalEnergies, 14.Jun.2024) — TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259mn. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) […]
Nippon Steel on Construction Project for Blue Ammonia Plant in Qatar
(Nippon Steel, 14.Jun.2024) — Nippon Steel Corporation, in a joint endeavor with Sumitomo Corporation, has received orders for high-alloy seamless OCTG that it manufactures for a CCS(Note 1) project intended for a project to construct blue ammonia(Note 2) manufacturing plant (common name: Ammonia 7) that QatarEnergy (Head Office: State of Qatar), an Energy […]
NFE Eyes First LNG in Days, First Cargo in July
(Energy Analytics Institute, 14.Jun.2024) — New Fortress Energy (NFE) updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The company has made tremendous progress on its path towards the start of liquefaction operations, it said 14 Jun. 2024 in an official […]
GoldMining Defines Prospective Trend in Canada
(Goldmining, 13.Jun.2024) — GoldMining Inc. reported preliminary results from reprocessing, inversion and modeling of historic geophysical surveys on the Rea uranium project (“Rea Project“), Western Athabasca Basin, Alberta, Canada (see Figure 1). The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. The large land package of approximately 125,328 hectares […]
Aramco and NextDecade execute HoA for Rio Grande LNG (RGLNG)
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) — The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port […]
Kongsberg Maritime to Move Chief Engineer Role to Shore
(Kongsberg, 13.Jun.2024) — Kongsberg Maritime has received Approval in Principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control centre, marking a significant step in the journey towards uncrewed vessel operations. The move will enable the role of Chief Engineer to […]
OMV Unveils New Corporate Identity
(OMV, 13.Jun.2024) — At its Capital Markets Day in London, OMV announced a new brand identity capturing the company’s ambition and significant progress towards becoming net-zero by 2050. In line with OMV’s Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves […]
Trendsetter Wins Contract with Trident Energy do Brasil
(Trendsetter, 13.Jun.2024) — Trendsetter Engineering has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil. This contract encompasses the design and manufacture of the subsea manifolds, associated pipework, and mudmat foundations. This contract award […]
Petrobras Comments on Closure of Metanor Sale Process
(Petrobras, 13.Jun.2024) — Petrobras, in continuity with the Material Fact disclos ed on 27 Oct. 2022, informs that, observing the applicable internal governance, the closure of the competitive process for the full sale of Petrobras’ stake, corresponding to 50% of the voting capital and 34.54% of the total capital, in […]
Peru LNG Doubles Natural Gas Supply
(PERU LNG, 13.Jun.2024) — PERU LNG is reinforcing its commitment to the massification of natural gas with the construction of the second loading station to dispatch liquefied natural gas through trucks. This system allows its distribution through trucks, known as “virtual pipelines,” and is taking natural gas to 10 regions in […]
Mexico’s Sheinbaum seen Tapping Political Heavyweights for State Energy Jobs
(Reuters, 12.Jun.2024) — Mexico’s former foreign minister, the scion of a legendary political family, and a party boss are in contention for top energy-related jobs in President-elect Claudia Sheinbaum’s government, sources said, suggesting political savvy will trump technical expertise in running state energy companies. The cabinet of President-elect Claudia Sheinbaum […]
Bristow Enters into Gov’t-Backed Equipment Financing for up to €100mn
(Bristow, 12.Jun.2024) — Bristow Group Inc. (NYSE: VTOL) announced that Bristow Leasing Limited, a UK subsidiary, has entered into a new Export Development Guarantee term-loan facility for an aggregate amount of up to €100mn with National Westminster Bank Plc (NatWest) as the original lender and UK Export Finance guaranteeing 80% of the […]
Higher LNG Prices to Limit Asian Demand, WoodMac Says
(WoodMac, 12.Jun.2024) — European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report by data and analytics company Wood Mackenzie.  […]
TST Ratifies Deal to Recall Former ANSA Workers
(Petrobras, 12.Jun.2024) — Petrobras informs that the Superior Labor Court (TST) ratified, on 12 Jun. 2024, the agreement for the recall of approximately 250 workers by Araucária Nitrogenados S/A (ANSA), a Petrobras subsidiary. The agreement proposed by the Labor Prosecutor’s Office was ratified by the TST. The recalled professionals are […]
Clean Energy Expands Boron LNG Plant Capacity
(Clean Energy, 11.Jun.2024) — Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced that construction of a third production train at its liquefied natural gas (LNG) plant in Boron, California, has been completed, increasing the plant’s volume capacity by 50 percent. Already […]
JinkoSolar’s TOPCon Module Reaches Conversion Efficiency of 25.42%
(JinkoSolar, 11.Jun.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced a significant breakthrough in the development of its N-type TOPCon solar module. Tested by TĂśV SĂśD, the conversion efficiency for 2 m2 above large-size solar modules has reached 25.42%, setting a new record again. This further reinforces our confidence that N-type […]
Woodside Achieves First Oil at Sangomar Offshore Senegal
(Woodside, 11.Jun.2024) — Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project. The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone floating production storage and offloading (FPSO) facility with a nameplate capacity of […]
Noble Publishes Form 8-K Pertaining to Diamond Deal
(Energy Analytics Institute, 11.Jun.2024) — Noble Corporation plc published its current report on Form 8-K pertaining to the announced transaction with Diamond Offshore Drilling, Inc. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
Petrobras Updates on Dividends and Interest for 1Q:24Â
(Petrobras, 11.Jun.2024) — Petrobras, following the Material Fact of 13 May 2024, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the […]
Oceaneering Announces Manufactured Products Contracts with Petrobras
(Oceaneering, 10.Jun.2024) — Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (Petrobras) through a competitive bidding process. The expected aggregate net revenue is in the range of $120mn to $183mn. Oceaneering is contracted to supply up to 362 kilometers, […]
SFPP Announces Binding Open Season for Additional Capacity on Its East Line System
(SFPP, 10.Jun.2024) — SFPP, L.P. (SFPP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), launched a binding open season to solicit commitments to support a proposed expansion of the East Line portion of its pipeline system from El Paso, Texas to Tucson, Arizona. The open season began at 8:00 a.m. […]
TGS and Liberia Ink New Multi-Client 2D and 3D Seismic Reprocessing Agreements
(TGS, 10.Jun.2024) — TGS has partnered with the National Oil Company of Liberia (NOCAL) to undertake significant additional multi-client seismic data reprocessing offshore Liberia. This initiative will rejuvenate the remaining 2D and 3D data in Liberia’s prospective Liberia and Harper Basins. The project will integrate existing legacy datasets to create […]
Noble to Acquire Diamond Offshore
(Noble, 10.Jun.2024) — Noble Corporation plc (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (NYSE: DO) entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration […]
Qatar Shipyard Receives Remove Survey Approval
(ABS, 10.Jun.2024) — As part of a pioneering joint development project (JDP), ABS approved a range of ship repair and retrofit work processes for remote survey at Qatar Shipyard and Technology Solutions. ABS tested, validated and approved remote survey techniques at Qatar Shipyard and Technology Solutions for a number of survey […]
African Energy Week Targets Equitable Energy Future
(African Energy Chamber, 10.Jun.2024) — The upcoming African Energy Week (AEW): Invest in African Energy conference will feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future. The Summit will discuss […]
OMV Starts Co-processing Plant at Schwechat Refinery
(OMV, 10.Jun.2024) — OMV has started up its co-processing plant at the Schwechat refinery in Austria. Almost EUR 200mn have been invested to allow up to 160,000 metric tons of liquid biomass being converted into high-quality renewable hydrogenated vegetable oil components. These more sustainable blending components will be used also […]
DVNV Says Better Confidence Essential
(DNV, 10.Jun.2024) — DNV examines how digital twins can support the UK’s net-zero objectives in a new report, emphasizing the critical role of industry collaboration and trust in ensuring the substantial contribution of digital twins to the energy transition. This report includes interviews with regulators, asset owners, consultancies, and government […]
Petrobras Publishes 2023 Sustainability Report
(Petrobras, 10.Jun.2024) — Petrobras published its 2023 Sustainability Report. The document reports on progress in the company’s sustainability commitments and consolidates indicators related to environmental, social and governance (ESG) issues. This year, an ESG Panel was also published, which brings together quantitative data, including the performance of indicators following the international […]
Fact sheet: Colombian coal
(National Mining Agency, 9.Jun.2024) — Approximately 92% of coal production in Colombia is extracted in open-pit mining areas in the departments of Cesar and La Guajira, with thermal coal, which in general is exported. The remaining 8% is mined mainly underground in the departments of Cordoba, Antioquia, Valle and Cauca, with thermal coal, and […]
Colombia Will Suspend Coal Exports to Israel over War in Gaza
(AP, 8.Jun.2024)) — President Gustavo Petro announced on Saturday that his country will suspend coal exports to Israel over the war in Gaza, as relations sour between two countries that were once close military and commercial allies. Petro wrote on the social media platform X that coal exports will only resume “when […]
Black & Veatch Delivers Feasibility Study for Andes Energy LNG Terminal
(Black & Veatch, 7.Jun.2024) — Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification terminal and power plant. The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, […]
Petrobras Informs on Request to Convene General Meeting
(Energy Analytics Institute, 7.Jun.2024) — Petrobras´ Board of Directors decided by majority not to accept the shareholders’ requests to call an Extraordinary General Meeting (“EGM”), due to the failure to meet the requirements of subparagraph “c” of article 123 of the Law No. 6,404/1976, the state oil company said 7 […]
SBM Reserves Fast4Ward® Hull for Block 58 Development
(SBM, 6.Jun.2024) — SBM Offshore announced that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an […]
TotalEnergies: Capital Increase Reserved for Employees of in 2024
(TotalEnergies, 6.Jun.2024) — In accordance with its policy in favour of employee shareholding, the Board of Directors of TotalEnergies SE decided, on 21 Sep. 2023, to carry out a capital increase reserved for eligible employees and former employees of TotalEnergies SE and its French and foreign subsidiaries in which the […]
Mexico’s New President Inherits an Economy in Shambles
(Industrial Info Resources, 6.Jun.2024) — Claudia Sheinbaum, Mexico’s president-elect, will inherit “a number of headaches” when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum’s predecessor, AndrĂ©s Manual LĂłpez Obrador, or AMLO, Mexico’s economy deteriorated significantly. Notably, […]
Glenfarne Energy Transition’s Texas LNG Receives Key Local Tax Abatement
(Glenfarne Energy, 6.Jun.2024) — Texas LNG, a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas and owned by Glenfarne Energy Transition, was approved for a Texas Tax Code Chapter 312 tax abatement from Cameron County. The tax […]
Petrobras and Curtiss-Wright Enter into Partnership
(Petrobras, 6.Jun.2024) — To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will […]
Speed and Scale of Energy Transition Must Increase, Equinor Says
(Equinor, 6.Jun.2024) — In 2024, almost half of the world’s population go to the polls. Many elections will demonstrate some of the key trends shaping world politics: geopolitical competition, economic nationalism, and political polarisation. This in turn will impact global energy markets and the progress of the energy transition. Energy […]
Hess Advised in Secondary Public Offering
(Hess, 6.Jun.2024) — Hess Midstream LP (NYSE: HESM) (HESM) announced the pricing of an underwritten public offering of an aggregate 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the Selling Shareholder) at a public offering price of US$34.30 per Class A […]
Petrobras Approves Reactivation of Araucária Fertilizer Plant
(Petrobras, 6.Jun.2024) — Petrobras’ Executive Board approved the resumption of operating activities of fertilizer plant Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020. All procedures required for the reopening of the plant will be initiated […]
Aker Solutions Secures Brownfield, Modification Frame Deal with Azule Energy
(Aker Solutions, 6.Jun.2024)) — Aker Solutions secured a sizeable (1) long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator […]
Israel Risks Losing Colombian Coal Supplies over Gaza War
(Bloomberg, 6.Jun.2024) — Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the recommendation to “limit” shipments of the fuel to a committee that rules […]