(Petro-Victory Energy Corp., 9.May.2024) — Petro-Victory Energy Corp. (TSXV: VRY) announced the results of its 2023 year-end reserves evaluation by GLJ, Ltd. The company holds 100% working interest in all forty-one (41) blocks. Six (6) of the forty-one (41) blocks have reserves valuation in the report. The company continues to invest […]
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
(The New York Times, 9.May.2024) — Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land. About 80 miles southeast of Louisiana’s coast, 100,000 metric tons of steel floats in […]
Gabon Oil Company to Discuss Investment Opportunities at African Energy (IAE) 2024Â
(Energy Capital & Power, 9.May.2024) — Gabon Oil Company (GOC) will participate as a Platinum Sponsor at the Invest in African Energy 2024 forum, affirming its commitment to maximizing production and attracting new players to Gabon’s upstream space. As Gabon’s national oil company (NOC), GOC is leading efforts to increase […]
PetroTal Announces Q1 2024 Financial and Operating Results
(PetroTal, 9.May.2024) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) reported its operating and financial results for the three months ended 31 Mar. 2024 (“Q1”). All amounts herein are in United States dollars unless otherwise stated. Selected Q1 2024 Highlights — Average Q1 2024 sales and production of […]
CGG Launches AI Cloud Solution Powered by NVIDIA
(CGG, 9.May.2024) — CGG announced the launch of its AI Cloud solution, designed to meet the needs of data-intensive industries, including life sciences, digital media, manufacturing and geoscience, that seek to optimize and accelerate their demanding and resource-heavy AI workloads. CGG’s new AI Cloud solution combines the latest high-performance architecture, […]
Dragonfly Energy Announces Breakthrough in Lithium Battery Production
(Dragonfly Energy, 9.May.2024) — Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has made a significant breakthrough in battery manufacturing with the successful production of PFAS-free electrodes in lithium battery cells. As concerns mount over PFAS (per- and polyfluoroalkyl substances), also known as ‘forever chemicals,’ Europe is poised to enact restrictions on its […]
OTC Discusses the Future of the Global Energy Evolution
(OTC, 9.May.2024) — The 55th annual Offshore Technology Conference (OTC) concluded today at NRG Park, uniting the world’s elite energy experts and professionals, to discuss the future of offshore energy. OTC 2024 showcased breakthrough innovations in the industry, and a multi-disciplinary technical program exploring the technologies needed to address the […]
NextDecade Provides 1Q:24 Business Update
(NextDecade, 9.May.2024) — NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024. CEO Commentary “Construction of Phase 1 at the Rio Grande LNG Facility continues to progress according to plan, as we work alongside Bechtel to construct […]
Karpowership and Petrobras to Enhance Integrated Gas Projects in the Americas
(Karpowership, 7.May.2024) — Karpowership and Petrobras signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and power sectors. This includes liquefaction for both floating and onshore natural gas, storage of natural gas and LNG, as well as regasification programs, to guarantee supply and meet the […]
New Pacific Metals Reveals Financial Results
(New Pacific Metals Corp., 7.May.2024) — New Pacific Metals Corp. reports its financial results for the three and nine months ended 31 Mar. 2024.  All figures are expressed in US dollars unless otherwise stated. FINANCIAL RESULTS Net loss attributable to equity holders of the Company for the three and nine months ended 31 Mar. […]
Vista and Nabors to Deploy Third Drilling Rig to Vaca Muerta
(Vista, 6.May.2024) — Vista Energy (NYSE: VIST) and Nabors Industries (NYSE: NBR) announced today the official signing of the contract to add a third drilling rig, aiming to accelerate Vista´s development of Vaca Muerta in southern Argentina. The signing occurred at Nabors’ offices in Houston, with the participation of Juan […]
Petrobras Updates about Braskem
(Petrobras, 6.May.2024) — Petrobras informs, according to the notices to the market published on 09/18/2023, 08/22/2023, 08/14/2023 and 07/10/2023, that it is conducting due diligence on Braskem for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor in […]
Canada Nickel Updates on Results at Reid Project
(Canadian Nickel, 6.May.2024) — Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) provided an update on its 2024 exploration program with assay results from four new holes at its Reid property, which included the best drill result to date from the property. Six drill rigs are currently operating across the company’s […]
PEMEX Continues Path to Transformation
(PEMEX, 3.May.2024) — During the morning press conference held by the President of Mexico, AndrĂ©s Manuel LĂłpez Obrador, the CEO of PetrĂłleos Mexicanos (PEMEX), Octavio Romero Oropeza, described the operational, financial and administrative progress of the institution for the 2019-2024 period, as part of the strategy to achieve energy self-sufficiency. […]
US to Lose Canadian Gas when LNG Canada Starts Up
(Reuters, 3.May.2024) — The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its […]
Summit Reports 1Q:24 Results
(Summit Midstream, 2.May.2024) — Summit Midstream Partners, LP (NYSE: SMLP) (SMLP or the “Partnership”) announced its financial and operating results for the three months ended 31 Mar. 2024. Highlights Reduced net leverage ratio to approximately 3.9x, a dramatic reduction from 5.4x in the fourth quarter of 2023, furthering progress toward achieving 3.5x net […]
Sandstorm Gold Royalties Reports 1Q:24 Results
(Sandstone Gold, 2.May.2024) — Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) has released its financial results for the first quarter ended 31 Mar. 2024 (all figures in U.S. dollars). First Quarter Highlights Revenue of $42.8 million (Q1 2023 — $44mn); Attributable gold equivalent ounces1 of 20,316 ounces (Q1 2023 — 28,368 ounces); Cash flows from operating activities, excluding changes […]
Marathon Oil Reports 1Q:24 Results
(Marathon, 1.May.2024) — Marathon Oil Corporation (NYSE: MRO) reported first quarter 2024 net income of $297mn or $0.52 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $317mn or $0.55 per diluted share. Net operating cash flow was $757mn or $861mn before changes […]
Touchstone on Acquisition of Trinity Exploration and Production Plc
(Touchstone, 1.May.2024) — Touchstone Exploration Inc. (TSX, LSE: TXP) has reached an agreement with Trinity Exploration and Production Plc on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity. Trinity is a crude oil exploration, […]
Uranium Energy on Bill to Ban Russian Uranium Imports
(Uranium Energy, 1.May.2024) — Uranium Energy Corp (NYSE American: UEC) applauds last night’s vote by the United States Senate for passing H.R. 1042, a bill to ban Russian uranium imports into the United States, by unanimous consent. The House of Representatives passed the bill in December 2023. Senator Barrasso of Wyoming stated: […]
Southern Power expands Millers Branch Solar Facility in Texas
(Southern Power, 1.May.2024) — Southern Power, a subsidiary of Southern Company, announced the expansion of its 29th solar project — Millers Branch Solar Facility. The Phase II expansion represents an additional 180-megawatts (MW) from the current Phase I 200 MW facility that is nearing the start of construction. The project […]
APA Corp. Announces 1Q:24 Financial and Operational Results
(APA Corp., 1.May.2024) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first quarter of 2024. Key Takeaways Reported production of 389,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 320,000 BOE per day; Generated net […]
LNG Energy Group on Results, Venezuela
(LNG Group, 30.Apr.2024) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) announced its financial and operating results for the year ended on 31 Dec. 2023. On 15 Aug. (the “Closing Date”), LNG Energy Group completed the acquisition of Lewis Energy Colombia, Inc. and the financial and […]
Luca Mining Reports 1Q:24 Results
(Luca Mining, 30.Apr.2024) — Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce financial results for the three and twelve months ended 31Dec. 2023.Production Fourth Quarter 2023 Total production amounted to 11,808 ounces of gold equivalent (“AuEq”), which was comprised of 3,155 ounces of gold, 155,763 ounces of silver, […]
Frontera on 1Q:24 Conference Call
(Frontera, 30.Apr.2024) — Frontera Energy Corporation (TSX: FEC) will release its financial and operational results for the first quarter ended 31 Mar. 2024, after markets close on 8 May 2024. A conference call for investors and analysts will be held on 9 May 2024, at 2:30 p.m. Eastern Time. Participants will include Gabriel de Alba, Chairman […]
EAI’s NRGBriefs: April 2024
(Energy Analytics Institute, 30.Apr.2024) — Energy briefs as well as others related to finance and projects during April 2024 including ExxonMobil, Hess and CNOOC announcing a $12.7bn FID for their sixth project offshore Guyana dubbed Whiptail; YPF SA launching the “Andes” project to divest 55 mature conventional fields and focus […]
Petrobras Releases 1Q:24 Operational Report
(Petrobras, 29.Apr.2024) — In 1Q24, average production of oil, NGL and natural gas reached 2,776 MMboed, increase of 3.7% when comparing with the same period last year (1Q23). Among the main factors behind this variation, we can highlight the ramp-up of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and […]
GoldMining Enhances Value of the Crucero Gold Project, PeruÂ
(GoldMining, 29.Apr.2024) — GoldMining Inc. (GLDG) announced that the company, through a wholly owned subsidiary, has completed a transaction with CompañĂa de Minas Buenaventura S.A.A. to reduce an existing third-party royalty on its 100% owned Crucero gold project, Peru. Highlights: The Royalty was granted by a previous operator that acquired the Project […]
JinkoSolar Repurchased 4,203,178 ADSs
(JinkoSolar, 29.Apr.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that as of the date of this press release, the Company has repurchased a total of 4,203,178 ADSs in an aggregate amount of approximately US$104.1mn in the open market under […]
JA Solar Solidifies Partnership with Exel Solar
(JA Solar, 29.Apr.2024) — JA Solar, a leader in the photovoltaic (PV) industry, has entered into a 200MW PV module distribution agreement with Exel Solar, a respected distributor in Mexico. This strengthened partnership, formalized in April 2024, seeks to enhance collaboration between the two companies and support Mexico’s goal of reducing greenhouse gas emissions by 40% […]
Broken Promises: US Oil Sanctions and Venezuela
(Rystad Energy, 29.Apr.2024) — For President Joe Biden, the situation in Venezuela remains a fly in the ointment, weighing on the administration’s energy and foreign policy. President Nicolas Maduro has seemingly remained impervious to either the carrot or stick handed out by the US and looks set to carry out […]
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 26.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Board of Directors, at its meeting held on 26 Apr. 2024, made the following appointments in property: 1. Felipe Trujillo LĂłpez as Vice President Commercial and Marketing, effective as of this date. Dr. Trujillo has been in charge of this Vice-Presidency since 20 […]
Chevron Reveals 1Q:24 Results
(Chevron, 26.Apr.2024) — Chevron Corporation (NYSE: CVX) reported earnings of $5.5bn ($2.97/share – diluted) for first quarter 2024, compared with $6.6bn ($3.46/share – diluted) in first quarter 2023. Foreign currency effects increased earnings by $85mn. Adjusted earnings of $5.4bn ($2.93/share – diluted) in first quarter 2024 compared to adjusted earnings of […]
Exxon Reports 1Q:24 Results, Updates on Guyana
(Exxon, 26.Apr.2024) — Exxon Mobil Corporation announced first-quarter 2024 earnings of $8.2bn, or $2.06 per share assuming dilution. Capital and exploration expenditures were $5.8bn, consistent with the company’s full-year guidance of $23bn to $25bn. “Our strategy and focus on execution excellence is creating significant value for society and our shareholders,” […]
Phillips 66 Reports 1Q24 Results, Highlights Strategic Priorities
(Phillips 66, 26.Apr.2024) — Phillips 66 (NYSE: PSX) announced first-quarter earnings of $748mn, compared with earnings of $1.3bn in the fourth quarter. Excluding special items of $74mn, the company had adjusted earnings of $822mn in the first quarter, compared with fourth-quarter adjusted earnings of $1.4bn. “In the first quarter, we […]
CNOOC Limited Achieves Strong Growth
(CNOOC, 25.Apr.2024) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced its operating results for the first quarter of 2024. In the first quarter, the company pressed ahead with oil and gas exploration and development, advanced the enhancement of quality and efficiency, and consolidated its advantage […]
Hess Reports Net Production of 190,000 boe/d from Guyana
(Hess, 25.Apr.2024) — Hess Corporation reported that is net Guyana production was 190,000 b/d in the first quarter of 2024, up 70% from 112,000 b/d in the first quarter of 2023, while net Bakken production was 190,000 boe/d, up 17% from 163,000 boe/d in the first quarter of 2023. ____________________
Talos Reveals Organizational Changes
(Talos Energy, 25.Apr.2024) — Talos Energy Inc. (NYSE: TALO) announced updates to its organization that support Talos’s growth and strategic priorities and the recently closed QuarterNorth Energy Inc. acquisition. Sergio Maiworm, who joined Talos in 2018, was promoted to Executive Vice President and will continue to serve as Chief Financial […]
Repsol Posts 1Q:24 Net Income of €969mn
(Repsol, 25.Apr.2024) — Repsol reported operating cash flow during the first quarter of 2024 was €1,362mn, €465mn lower than in the same period of 2023. Excluding working capital, Operating Cash Flow during the quarter more than covered organic investments, dividends, treasury shares and interests. Group’s net debt at the end […]
Petrobras and Enarsa Ink MOU for Natural Gas Studies
(Energy Analytics Institute, 25.Apr.2024) — On 18 Apr. 2024, Petrobras inked a Memorandum of Understanding (MOU) with the Argentina state energy company Enarsa to study partnerships in the natural gas segment. “The non-binding agreement has a term of three years and will allow for the exchange of information; the assessment […]
Nabors Reveals 1Q:24 Results
(Nabors, 24.Apr.2024) — Nabors Industries Ltd. (NYSE: NBR) reported first quarter 2024 operating revenues of $734mn, compared to operating revenues of $726mn in the fourth quarter of 2023. The net loss attributable to Nabors shareholders for the quarter was $34mn, compared to a net loss of $17mn in the fourth quarter. This equates to a loss of $4.54 per diluted share, […]
LNG Energy Inks Productive Participation Contracts in Venezuela
(LNG Energy Group, 24.Apr.2024) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) announced that its wholly-owned subsidiary, LNGEG Growth I Corp. (LNG Venezuela), entered into a binding agreement with PDVSA Petroleo S.A. (PPSA), a subsidiary of Petroleos de Venezuela S.A. (PDVSA), the Venezuelan national oil […]
Weatherford Releases 1Q:24 Financial, Operational Results
(Weatherford, 24.Apr.2024) — Weatherford International plc (NASDAQ: WFRD) announced its results for the first quarter of 2024 and operational updates from Oman, the U.S. Gulf of Mexico, Canada, Thailand and beyond. ____________________
Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom
(AP, 24.Apr.2024) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. LNG Energy […]
Potential Sour Crude Deficit Looming in the Gulf
(BTU Analytics, 23.Apr.2024) — Historically, more than half of Mexico’s heavy sour crude oil exports, mostly Maya blend, end up in the U.S., which is key for refining along the Gulf Coast, also known as PADD 3. However, recent reports suggest Mexico’s national oil company, PetrĂłleos Mexicanos (Pemex), could cut […]
FERC to Allow Venture Global to Introduce Hazardous Flies to Gas Gate
(Energy Analytics Institute, 23.Apr.2024) — The Federal Energy Regulatory Commission (FERC) gave permission to Venture Global Plaquemines LNG, LLC to introduce hazardous fluids to the gas gate as described in the LNG company’s 16 Apr. 16, 2024 filing. “Your request is consistent with Conditions 11, 113, 114, 115, 117, and […]
Petrobras Releases Details for 1Q:24 Conf. Call
(Petrobras, 22.Apr.2024) — Petrobras informs that it will release its 1Q:24 Production and Sales Report on 29 Apr. 2024, and its 1Q:24 Financial Performance Report on 13 May 2024, both after the markets close. On 14 May 2024, a webcast will be held to present the company’s results for the […]
Petrobras on Cumulative Vote Process for AGM
(Petrobras, 22.Apr.2024) — Petrobras, in compliance with article 33, item XXXIII, of CVM Resolution 80/22, informs that it received from shareholders who jointly hold more than 5% (five percent) of its common shares, the request to adopt the cumulative vote system in the election of members of Board of Directors […]
Power Nickel Clarifies Press ReleaseÂ
(Power Nickel, 22.Apr.2024) — Power Nickel Inc. (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. The company is clarifying its 15 Apr. 2024 news release (the “Release”). The Release […]
Touchstone Closes Expanded Bank Facilities
(Touchstone, 22.Apr.2024) — Touchstone Exploration Inc.‘s wholly owned Trinidadian subsidiary Touchstone Exploration (Trinidad) Ltd. has entered into the third amended and restated loan agreement with our Trinidad based lender. The amended loan agreement provides for an additional $10mn five-year non-revolving term loan facility and an increase to our existing revolving […]