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bp Reports 2023 Results [PDF Downloads]

(bp, 6.Feb.2024) — bp delivered strong underlying financial performance in 2023, raising the dividend by 10% and buying back $7.9bn of shares, with net debt falling to its lowest level over the past decade ____________________

JinkoSolar Licenses TOPCon Patents to Solar Cell Company

(JinkoSolar, 6.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently signed a TOPCon patent license agreement with one of the world’s top five solar cell companies (“Licensee”), granting rights to certain of its N-type TOPCon related patents to Licensee for a fee, allowing Licensee to […]

Cryopeak and Ferus Jointly-announce a Strategic Merger

(Cryopeak LNG Solutions Corporation, 5.Feb.2024) — Cryopeak LNG Solutions Corporation and Ferus Natural Gas Fuels Inc. have merged forming a new LNG production and distribution technology-focused entity which is now named Cryopeak Energy Solutions Corporation. Cryopeak announced the acquisition of all LNG assets from Campus Energy Partners Infrastructure LP, including […]

Venture Global and Grain LNG Ink New Deal

(Venture Global LNG, 5.Feb.2024) — Grain LNG and Venture Global announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG, subject to obtaining necessary federal permits. Under the agreement, Venture Global […]

JinkoSolar Repurchased 400,000 ADSs

(JinkoSolar, 5.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that between 20 Dec. 2023 and 2 Feb. 2024, the company repurchased 400,000 American depositary shares of the company (the “ADSs”) in an aggregate amount of approximately US$11.8mn in the open market under its previously announced extended share repurchase program. […]

ExxonMobil Announces 2023 Results, Updates on Guyana [PDF Downloads]

(Exxon, 2.Feb.2024) — Exxon Mobil Corporation announced fourth-quarter 2023 earnings of $7.6bn, or $1.91 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $2.3bn including a $2bn impairment as a result of regulatory obstacles in California that have prevented production and distribution assets from coming back online. Impairments […]

Aramco’s Shift to Abandon 13 MMb/d Capacity Target

(WoodMac, 1.Feb.2024) — Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in […]

Cheniere Announces Uplisting to the NYSE

(Cheniere, 31.Jan.2024) — Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, L.P. (NYSE American: CQP) announced that each company has been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. “Cheniere has been listed on the NYSE American or its predecessors for over […]

EAI’s NRGBriefs: January 2024

(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy on Venezuela; QatarEnergy confirming that Qatar’s LNG production continues uninterrupted; Evercore ISI continuing on Biden’s moves to pause on LNG export terminal approvals; an S&P […]

Pemex’ ESG Outlook [PDF Download]

(Pemex, 31.Jan.2024) — Pemex‘ sustainability plan will focus on the most material components related to the oil and gas industry.  And, the three main areas of focus include: emissions reduction and energy transition strategy, industrial safety and health and social and governance. ____________________

Core Laboratories Reports 4Q:23 Results

(Core Laboratories, 31.Jan.2024) — Core Laboratories Inc. (NYSE: “CLB”) reported fourth quarter 2023 revenue of $128,200,000. Core’s operating income was $14,600,000, with diluted earnings per share (“EPS”) of $0.14, all in accordance with U.S. generally accepted accounting principles (GAAP).  Operating income, ex-items, a non-GAAP financial measure, was $15,000,000, yielding operating […]

Nebula Energy Buys Majority Stake in AG&P LNG

(AG&P Global, 30.Jan.2024) — AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a subsidiary of AG&P Group, announced that Nebula Energy LLC, a fully integrated investment, development, and asset management company with a focus on liquefied natural gas (LNG) and carbon capture and storage (CCS) sectors, has bought majority stake […]

SLB Reaffirms 2024 Financial Guidance

(SLB, 30.Jan.2024) — SLB (NYSE: SLB) is reaffirming its full-year 2024 financial guidance. “We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day (MMBD), and not to continue increasing MSC to 13 MMBD,” said SLB Chief Executive Officer Olivier Le […]

Texas Hydrocarbon Industry at a Glance

(Editors at Energy Analytics Institute, 30.Jan.2024) — Texas is a major crude oil and natural gas producing state. Such that in calendar year 2023 its oil production represented 43% of the total US oil production, while its gas production represented 28% of the total US gas production, according to data […]

Port of Corpus Christi Names Cindy Bertolami CFO

(Port of Corpus Christi, 30.Jan.2024) — The Port of Corpus Christi has appointed Cindy Bertolami as its new Chief Financial Officer (CFO). Bertolami succeeds Kent Britton, who was appointed Chief Executive Officer in Sep. Previously, Bertolami served four years as Director of Finance for the Port of Corpus Christi. She […]

Biden’s Gas Export Review has Uncertain Consequences

(The Hill, 30.Jan.2024) — President Biden’s pause on gas export projects may not have significant impacts by itself, energy analysts say. But the changes he’s making to underlying gas project reviews could have implications for global gas supply and climate change, depending on whether gas projects face higher risks of being rejected. The Biden […]

Biden-Harris List Top Climate Accomplishments

(Energy Analytics Institute, 28.Jan.2024) — US President Joe Biden said 28 Jan 2024 on X, formerly Twitter, that “climate action offers an opportunity for the nation to come together and do some really big things.” Some of the top climate accomplishments to date of the Biden-Kamla Harris term follow, according […]

Leaders on Biden-⁠Harris Pause on Pending Decisions of LNG Exports

(The White House, 27.Jan.2024) — This week, the Biden-Harris Administration announced a temporary pause on pending decisions for exports of Liquefied Natural Gas (LNG). During this period, the Department of Energy will evaluate the impacts of LNG exports on energy costs, America’s energy security, and climate change – the existential threat of […]

Petrobras Proved Reserves Reach 10.9 Billion Boe in 2023

(Petrobras, 26.Jan.2024) — Petrobras discloses its proved reserves of oil, condensate, and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.9 billion barrels of oil equivalent (boe), as of 31 Dec. 2023. Oil and condensate, and natural gas correspond to 84% and 16% of this […]

Petrobras Reaches 2023 Production Target 

(Petrobras, 26.Jan.2024) — Petrobras reached total oil and natural gas production of 2.78 MMboed in 2023, 3.7% higher than the production recorded in 2022. Commercial production of oil and natural gas was 2.44 MMboed and oil production 2.24 MMbpd. These results exceeded our Strategic Plan 23-27 guidances and were in […]

Democratic Leaders Response to Biden’s US LNG Export Decision

(The Natural Allies Leadership Council, 26.Jan.2024) — The Natural Allies Leadership Council, including former Senator Mary Landrieu (D-LA), former Congressman Tim Ryan (D-OH), former Congressman Kendrick Meek (D-FL) and former Philadelphia Mayor Michael Nutter, issued the following statement regarding the Biden Administration’s decision to delay the approval of new U.S. […]

DOE Halting LNG Export Projects

(DOE, 26.Jan.2024) — The United States Department of Energy (DOE) today provided notice that it will initiate a process to update the assessments used to inform whether additional liquefied natural gas (LNG) export authorization requests to non-Free Trade Agreement countries are in the public interest. The United States is the […]

Petrobras on Board Member Appointment

(Petrobras, 26.Jan.2024) — Petrobras, further to the announcement made on 01/22/2024, informs that its Board of Directors has appointed Mr. Renato Campos Galuppo as a board member. The analysis and election process was submitted to the applicable governance procedures, and no impediment was found to the assumption of a management […]

Norfolk Reports 4Q:23 and FY: 23 Results

(Norfolk, 26.Jan.2024) — Norfolk Southern Corporation (NYSE: NSC) announced its fourth quarter and full-year 2023 financial results. For the quarter, income from railway operations was $808mn and diluted earnings per share were $2.32. These fourth quarter results include a $150mn charge associated with the incident in Eastern Ohio inclusive of […]

RPC Reports 4Q:23, FY:23 Financial Results 

(RPC, 25.Jan.2024) — RPC, Inc. (NYSE: RES) announced its unaudited results for the fourth quarter and full year ended 31 Dec. 2023. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow […]

Talos Announces Pricing of Two Upsized Offerings 

(Talos, 25.Jan.2024) — Talos Energy Inc. (NYSE: TALO)  announced that its wholly owned subsidiary Talos Production Inc. priced an upsized offering of $625mn in aggregate principal amount of new 9.000% Second-Priority Senior Secured Notes due 2029 and $625mn in aggregate principal amount of new 9.375% Second-Priority Senior Secured Notes due […]

Aker BP awarded 27 licenses in APA 2023

(Aker BP, 25.Jan.2024) — The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA 2023 licensing round. For 17 of the licenses Aker BP is also granted operatorship. The award consolidates our position as the most active independent exploration […]

Golden Agri-Resource, Verborg Forge Strategic Partnership

(Golden Agri-Resources, 25.Jan.2024) — Golden Agri-Resources (GAR), a global agribusiness and palm oil producer, is pleased to announce a strategic partnership with Verborg Group, a new entrant in the vegetable oil market. The collaboration entails a multi-year contract, where GAR will be the exclusive supplier of over a million tons […]

Biden-Harris Earmark $254mn to Decarbonization

(DOE, 25.Jan.2024) — In support of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced $171mn for 49 projects across 21 states to reduce industrial greenhouse gas (GHG) emissions and accelerate the development of innovative decarbonization technologies. DOE also announced that applications are open for an $83mn […]

Earnings Look Forward, Highlighting Deltas: Evercore ISI

(Evercore ISI, 24.Jan.2024) — It became clear a number of weeks ago that this was not the quarter for all the gory detail on current quarter prints or outlooks particularly for most E&Ps. There is little reason to believe earnings season will stop being the key volatility event of the […]