(NASA, 12.Jan.2024) — NASA selected 12 companies to provide research, engineering, and mission integration services for the International Space Station Program. The $478mn Research, Engineering & Mission Integration Services-2 or REMIS-2 contract will support the work of the International Space Station Program based at NASA’s Johnson Space Center in Houston. The companies will […]
SLB and Nabors to Scale Automation Solutions
(Nabors, 12.Jan.2024) — SLB (NYSE: SLB) and Nabors Industries (NYSE: NBR) announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved […]
Aspen Aerogels Provides Business Update
(Aspen Aerogels, 11.Jan.2024) — Aspen Aerogels, Inc. (NYSE: ASPN), a technology company in sustainability and electrification solutions, today announced preliminary full year 2023 revenue results, a preliminary 2024 revenue outlook, and the initial shipments through its supplemental aerogel supply for its Energy Industrial business. Preliminary Full Year 2023 Revenues, 2024 Baseline […]
Chesapeake and Southwestern Combine in $7.4bn Deal
(Chesapeake, 11.Jan.2024) — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) have entered into an agreement to merge in an all-stock transaction valued at $7.4bn, or $6.69 per share, based on Chesapeake’s closing price on 10 Jan. 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares […]
Ecopetrol Shareholders’ to Amend Bylaws [PDF Download]
(Ecopetrol, 11.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that during the extraordinary general shareholders’ meeting held on 10 Jan. 2024, previously called in accordance with the legal and statutory requirements applicable to the company, the shareholders approved the amendment to the bylaws proposed by the majority shareholder, in accordance with […]
Arena Creates Artificial Reef in US GOM
(Arena, 11.Jan.2024) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently established an artificial reef site at South Marsh Island 192, which is located in the U.S. Gulf of Mexico approximately 100 miles off the coast of Louisiana. The South Marsh Island 192 […]
IMF Unlocks $4.7bn for Argentina Amid Economic Crisis
(Al Jazeera, 11.Jan.2024) — Argentina and the International Monetary Fund (IMF) have finalised an agreement to release $4.7bn as part of a debt restructuring plan for the troubled South American nation. Latin America’s third-biggest economy is facing dire economic challenges after decades of debt and financial mismanagement, with inflation surpassing 160 percent […]
YPF Sells $800mn Bond to Fund Debt Buyback
(Bloomberg, 10.Jan.2024) — Argentina’s state-owned oil driller YPF SA tapped international investors with a new dollar bond to help finance a buyback of existing debt, according to people familiar with the matter. The firm sold $800 million in fixed-rate debt due 2031, according to people familiar with the matter. The […]
IMF Grants Argentina Access to $4.7bn
(IMF, 10.Jan.2024) — An International Monetary Fund (IMF) team, led by Luis Cubeddu, Deputy Director of the Western Hemisphere Department and Ashvin Ahuja, Mission Chief for Argentina, issued the following statement in Buenos Aires today following the conclusion of discussions on the seventh review of the Extended Fund Facility (EFF) […]
Petrobras Receives $298mn Installment for Carmópolis Pole
(Petrobras, 10.Jan.2024) — Petrobras, in continuity with the announcement made on 26 Dec. 2023, informs that it received, on today’s date, from Carmo Energy, the last installment in the amount of $298mn, already considering the adjustments and late payment charges due, related to the sale of the CarmĂłpolis Pole, which […]
Petrobras on Non-renewal of Vibra Trademark License
(Petrobras, 10.Jan.2024) — Petrobras notified Vibra Energia S.A. that it has no interest in extending the term of the company’s current trademark license agreement, which began on 28 Jun. 2019 and will end on 28 Jun. 2029. This agreement will remain in force, subject to the contractual terms and conditions. The […]
Kelp Farming Plant to Remove CO2 from the Atmosphere
(Aker BP, 10.Jan.2024) — Aker BP contributes to the establishment of a kelp cultivation plant in the sea off Frøya in Trøndelag. The plant will remove CO2 from the cycle. Already in the summer of 2024, the first kelp will be harvested. SINTEF Ocean will build and operate the kelp […]
Bangchak Group Breaks Ground on Unit in Thailand
(SAFInvestor, 10.Jan.2024) — Thailand’s largest oil refiner Bangchak Group announced that it has begun construction on the 1m barrels per day sustainable aviation fuel (SAF) production unit in Thailand. The plant, first SAF production unit in Thailand, is expected to commence operations in the first quarter of 2025. The plant […]
Key Upstream Things to Watch in 2024: WoodMac
(WoodMac, 10.Jan.2024) — Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts […]
![HNRC Outlines Key 2024 Highlights [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/01/Oil-Services-source-houston-natural-resources.jpg)
HNRC Outlines Key 2024 Highlights [PDF Download]
(Houston Natural Resources, 10.Jan.2024) — Houston Natural Resources Corp (OTC: HNRC) with a pending name, symbol and CUSIP change, to Cunningham Natural Resources Corp. (CNRC), outlined an investor presentation for 2024. Cunningham is focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, […]
EDF Renewables Announces Commercial Operation of Fox Squirrel Phase 1
(Enbridge, 10.Jan.2024) — EDF Renewables North America and Enbridge Inc. announced that Phase 1 of Fox Squirrel Solar, the largest solar complex in Ohio, is fully operational and delivering decarbonized electricity to the PJM grid. Fox Squirrel Solar, a ground-mounted solar facility with total capacity of 749 MWdc/577 MWac, is […]
CGG and C-Questra Ink CCUS Cooperation Deal
(CGG, 9.Jan.2024) — CGG, a global technology and HPC leader, and C-Questra, an independent European operator specializing in the CO2 storage value chain, have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). CGG has more than 15 years of experience supporting a number of high-profile CCUS […]
Power Nickel Raises $2.2mn Outlines 2024 Plans
(Power Nickel, 9.Jan.2024) — Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) has closed a private placement for 4,360,000 flow-through units (each an “FT Unit“) of the company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,180,000. The FT Unit closing completed on 29 Dec. 2023, while the […]
Stena Roro Places Order for Another E-Flexer Ropax Vessel
(Stena RoRo, 8.Jan.2024) — Stena RoRo placed an order for yet another RoPax-class E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai). The vessel will be delivered in the first quarter of 2026 to Corsica Linea and will operate between Marseille and Corsica. This is Stena RoRo’s thirteenth vessel in […]
More Venezuela Creditors to Join Citgo Auction
(Reuters, 8.Jan.2023) — A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South […]
Wood inks engineering design for 100,000 b/d Trion project offshore Mexico
MEXICO CITY, MEXICO (By Fidencio Casillas, 8.Jan.2023, Words: 240) — Wood secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy‘s Trion Floating Production Unit (FPU) in Mexican waters of the Gulf of Mexico. Once finished, Trion will have a production capacity […]
Gevo Names Katie Ellet to Board of Directors
(Energy Analytics Institute, 8.Jan.2024) — Gevo, Inc. (NASDAQ: GEVO) announced that Katie Ellet has been appointed to its Board of Directors as of 2 Jan. 2024. Ellet serves as president, Hydrogen Energy and Mobility for North America at Air Liquide, a leader in gases, technologies and services for industry and […]
Ministerial Roundtable Sets Stage for Future Minerals Forum 2024
(Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, 8.Jan.2024) — The Ministerial Roundtable, a pivotal precursor to the third edition of the Future Minerals Forum, is poised to take the spotlight on 9 Jan. 2024. Led by its Chair, H.E. Bandar Ibrahim AlKhorayef, Minister of Industry and Mineral […]
India to Sign Energy MoU with Guyana
(Reuters, 5.Jan.2024) — India approved signing a 5-year memorandum of understanding (MoU) with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources. The proposed agreement will cover areas such as sourcing of crude oil from the South American nation, participation […]
Ecopetrol Commences Tender for 4.125% Notes due 2025
(Ecopetrol, 5.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the commencement of a cash tender offer (the “Offer”), to purchase any and all of its outstanding 4.125% Notes due 2025 (the “Securities”), upon the terms and subject to the conditions set forth in Ecopetrol’s Offer to Purchase, dated January 9, 2024 (as the same may […]
enCore Energy Provides 4Q:23 ATM Quarterly Sales Update
(enCore Energy, 5.Jan.2024) — enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), as required by the TSXV, issued a total of 7,579,563  common shares, between the period 1 Oct. 2023 and 31 Dec. 2023, under the at-the-market (ATM) controlled equity offering program. The shares were issued through the facilities of TSXV and the […]
Forum Energy Completes Acquisition of Variperm
(Forum Energy, 5.Jan.2024) — Forum Energy Technologies, Inc. (NYSE: FET) completed the acquisition of Variperm Energy Services, a manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications. Total consideration for the acquisition consisted of $150mn of cash and 2mn shares of FET’s common […]
Enterprise Prices $2bn Principal Amount of Senior Notes
(Enterprise Products Partners, 5.Jan.2024) — Enterprise Products Partners L.P. (NYSE:EPD) announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has priced a public offering of $2bn aggregate principal amount of notes comprised of (i) $1bn principal amount of senior notes due 11 Jan. 2027 (“Senior Notes HHH”), and (ii) […]
JinkoSolar Promotes Technology Through TOPCon Patent Transaction
(JinkoSolar, 5.Jan.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently granted rights to certain of its N-type TOPCon (Tunnel Oxide Passivated Contact)-related patents to one of the top ten solar module companies in the world (“Licensee”) with reasonable license fee arrangement, allowing Licensee to use certain […]
Norfolk Southern Aims for Low-carbon Future
(Norfolk Southern, 4.Jan.2024) — Norfolk Southern Corporation (NYSE: NSC) released its inaugural Climate Transition Plan (CTP). The CTP is aimed at reducing greenhouse gas (GHG) emissions with a focus on transitioning to a low-carbon economy. Commitment to environmental stewardship and sustainability is rooted in Norfolk Southern’s values and its deep understanding of climate […]
NMPRC Issues Decision in PNM Rate Review
(PNM, 4.Jan.2024) — The New Mexico Public Regulation Commission (NMPRC) issued an order in the application for a 2024 change in customer base rates by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM). The order modified the recommended decision in the case and equates to an estimated […]
Trio Petroleum Restarts the McCool Ranch Oil Field
(Trio Petroleum, 4.Jan.2024) — Trio Petroleum Corp (NYSE American: TPET), a California-based oil and gas company, provided an update on the restart of the McCool Ranch Oil Field. On 18 Oct. 2023, the company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in […]
Avenir Secures Extensions for Avenir Advantage and Accolade
(Avenir LNG, 4.Jan.2024) — Avenir LNG Limited has executed two Time Charter Agreements for the Avenir Advantage and the Avenir Accolade. Avenir’s affiliate Future Horizon (L) Pte Ltd (a joint venture between Avenir and MISC) has signed a new two-year time charter agreement with PETCO Trading Labuan Company Ltd (PTLCL), […]
Ormat Completes Acquisition of Geothermal, Solar Assets
(Ormat Technologies, 4.Jan.2024) — Ormat Technologies, Inc. (NYSE: ORA), a renewable energy company, announces that it has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA (ENEL.MI, LLC). Under the agreement, Ormat paid $271mn […]
Energy Domain Looks to Future with Energent Acquisition
(Energy Domain, 4.Jan.2024) — Energy Domain, the tech-enabled online marketplace based in Fort Worth, Texas, has successfully acquired market intelligence technology product Energent from U.K.-based Westwood Global Energy Group. Founded by Ryan Vinson and the 5Ms Technologies team that created MineralWare and Energy Freelance, Energy Domain has parlayed dedication to […]
Alaska Airlines Receives First Long-range Boeing 737-8
(Alaska Airlines, 4.Jan.2024) — Alaska Airlines continues to grow as we welcome delivery of the first Boeing 737-8 to our aircraft lineup – the next component of our strategic, long-term fleet plan that builds on our strengths and provides a road map for ongoing future success. We proudly fly the […]
New Climate Smart Map on the Way
(Trinidad and Tobago Newsday, 4.Jan.2024) — Price Waterhouse Coopers (PwC) has partnered with the Caribbean Climate-Smart Accelerator (CCSA) to launch a climate smart map at COP28 in Dubai, aimed at bolstering climate resilience across the region. The interactive platform consolidates climate action data from over 26 countries, providing a tool […]
Arcadium Completes Merger between Allkem and Livent
(Arcadium Lithium, 4.Jan.2023) — Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) announced the completion of the all-stock merger of equals between Allkem and Livent. The new, combined company is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people’s lives and accelerate the […]
Talos Starts Production at Lime Rock and Venice GOM Discoveries
(Talos, 3.Jan.2024) — Talos Energy Inc. (NYSE: TALO) has successfully started oil and natural gas production at Talos’s Lime Rock and Venice discoveries, located near its 100% owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60% working interest in both wells. The Lime Rock and Venice wells were brought […]
ONGC Videsh to Get Some Oil from Venezuela
(Reuters, 3.Jan.2023) — Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since 2019 on the OPEC country’s energy sector, according to data and documents viewed by Reuters. The increase shows the impact of sanctions relaxation on the […]
PNM Announces Termination of Merger Agreement
(PNM Resources, 2.Jan.2024) — PNM Resources (NYSE: PNM) announces the termination of its merger agreement with Avangrid. While the PNM Resources Board of Directors approved an extension, it was not accepted by Avangrid and Avangrid terminated the merger. “We are greatly disappointed with Avangrid’s decision to terminate the merger agreement and […]
enCore Energy Starts Trading on Nasdaq Capital Market
(enCore Energy, 2.Jan.2024) — enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer in the United States, commences trading on the Nasdaq Capital Market. The company shares will continue to trade under the ticker symbol “EU” on Nasdaq and will continue to trade on the TSX Venture Stock Exchange (TSXV) under […]
Petrobras Puts Platform Vessel into Pre-salt Production
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero’s third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters […]
EAI’s NRGBriefs: Dec. 2023
(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]
Petrobras Inks Deal with UNIGEL
(Petrobras, 29.Dec.2023) — Petrobras, following up on the releases published on 6 Jun. 2023 and 23 Jun. 2023, signed a contract with Unigel Participações S.A. for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and […]
Petrobras on Natural Gas Flow, Processing
(Petrobras, 29.Dec.2023) — Petrobras, together with Equinor Energy do Brasil Ltda. signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the CabiĂşnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador […]
NextEra Completes sale of Texas Natural Gas Pipeline Portfolio
(NextEra Energy Partners, 28.Dec.2023) — NextEra Energy Partners, LP (NYSE: NEP) closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815bn. “The completion of this sale is an important step in NextEra’s transition plans,” said John Ketchum, chairman and chief executive officer. “With the Texas natural gas pipeline […]
Emeren Group Buys 86 MWp Solar Portfolio in Spain
(Emeren Group, 28.Dec.2023) — Emeren Group Ltd (NYSE: SOL), a global solar project developer, owner, and operator, today announced the successful purchase of an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, an industrial and service group that operates in energy, industry and installations within the renewable energy space. […]
Sangomar FPSO Sets Sail for Senegal
(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the LĂ©opold SĂ©dar Senghor Floating Production Storage and Offloading (FPSO) facility. The FPSO, named after Senegal’s first president, is travelling 12,000 nautical miles from Singapore to its final destination, […]