Southern Cone Market to Invest $46bn in Gas Production
(WoodMac, 30.Nov.2023) — Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in...
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a...
On the Uses and Misuses of Venezuela Sanctions
(CSIS, 29.Nov.2023) — Over the last month, the Biden administration has presided over a sea change in U.S. policy toward Venezuela. The recent lifting of sanctions on the Maduro regime is the...
Norway’s Equinor Divests Nigeria Business
(Welligence Energy Analytics, 29.Nov.2023) — Equinor has announced the sale of its Nigeria business to Chappal Energies for an undisclosed consideration. What were the key drivers for buyer and seller,...
Cheniere Inks Production Marketing Agreement with ARC Resources
(Cheniere Energy, 29.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, LP (NYSE American: CQP) announced that Sabine Pass Liquefaction Stage V, LLC (SPL Stage 5) has...
GoldMining Updates on its São Jorge Gold Project in Brazil
(GoldMining, 29.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) provided an update on exploration activities ongoing at the company's 100% owned São Jorge gold project, located in Pará State, Brazil....
President Elect Milei to Shake up Argentina’s Oil Industry
(WooMac, 28.Nov.2023) — Addressing the election of Javier Milei as President of Argentina, Adrian Lara, principal analyst, said “Elected President Javier Milei and his advisors are signalling the importance the...
Aris Boosts Segovia Gold Reserves by +75%
(Aris Mining, 27.Nov.2023) — Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective 30 Sep. 2023 (the "2023 Mineral Reserve"). This updated mineral...
Suncor Energy Restarts Production at Terra Nova
(Suncor, 27.Nov.2023) — Suncor Energy (TSX: SU) (NYSE: SU) announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova...
Noble Announces Major Shareholder Notification
(Noble, 26.Nov.2023) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces that Noble between Jun. and Sep. 2023 received several...
![Vista Updates on LatAm Assets [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/arg-mex-vista-768x491.png)
Vista Updates on LatAm Assets [PDF Download]
(Energy Analytics Institute, 25.Nov.2023) — Vista Energy provided an update on its assets in Argentina and Mexcio while also providing details about its near-term roadmap to achieve its net zero...
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks bright for upstream oil and...
GoldMining on Equity Distribution Agreement with Syndicate Agents
(GoldMining, 24.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into an equity distribution agreement dated 24 Nov. 2023 with a syndicate of agents, including BMO Nesbitt Burns Inc. (the...
NGC Joins IMA in Bid to Save Carli Bay Mangrove
(NGC, 24.Nov.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) is joining the effort to stem the decline in mangrove health in Trinidad and Tobago. This week,...
![Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/06/Petrobras-bonds-gbo-810x540-1-768x512.jpg)
Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]
(Petrobras, 23.Nov.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$...
Trump Tells President-elect Javier Milei he Plans to Visit Buenos Aires
(AP, 23.Nov.2023) — Former President Donald Trump has told Argentina’s President-elect Javier Milei that he plans to travel to the South American country so the two can meet, Milei’s office said Thursday....
UK Energy Transition Outlook
(WoodMac, 23.Nov.2023) — Energy policy is a political hot topic in the UK. Broadly, ambition is high: net zero by 2050 targets are enshrined in law, and the UK has...
Machado Says Venezuela to End Socialism: El Nacional
(Energy Analytics Institute, 24.Nov.2023) — Vente Venezuela national coordinator and opposition leader María Corina Machado said the next president of the Opec country would be picked by its citizens, according...
China Slows Venezuela Crude Buys
(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China's independent refiners, who are now holding off on making new purchases amid wide...
Ecopetrol Announces New Senior Management Appointments
(Ecopetrol, 22.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces changes in its senior management team of the Upstream Vice-Presidency to meet challenges in the process of aligning its hydrocarbons exploration and...
Venezuela Producing 850,000 bpd, Hopes to Recover US Market
(Reuters, 22.Nov.2023) — Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country's deputy oil minister, Erick Perez,...
TotalEnergies Launches In-Depot Charging for Electric Trucks
(TotalEnergies, 21.Nov.2023) — TotalEnergies announced the launch of an in-depot electric truck charging service today at the SOLUTRANS road and urban transportation trade show. With this new solution, TotalEnergies will...
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 21.Nov.2023) — Petrobras, following up on the Material Fact of 08/03/2023, informs that it has paid today the first installment of the remuneration to shareholders for the second quarter...
Argentina’s Incoming Administration Faces Challenges
(S&P Global Ratings, 21.Nov.2023) — Economic imbalances in Argentina provide complex conditions for the Milei administration even before he takes office, S&P Global Ratings said in an article published today...
Petrobras on 3Q:23 Share Value of Dividends and Interest
(Petrobras, 21.Nov.2023) — Petrobras, following the Material Fact of 11/09/2023, informs that, as a result of the share buyback program, there was a change in the number of treasury shares....
SBM Completes Share Repurchase
(SBM Offshore, 21.Nov.2023) — SBM Offshore has completed the repurchase of 350,000 shares. Between 9-21 Nov. 2023 a total of 350,000 common shares were repurchased, at an average price of...
Deep Casing Deloitte Technology Fast 50 List for 2023
(Deep Casing, 21.Nov.2023) — Deep Casing Tools placed 36th in the 2023 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are...
CGG Sells its Stake in ARGAS to TAQA
(CGG, 21.Nov.2023) — CGG has entered into a definitive agreement with Industrialization and Energy Services Company (TAQA) to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS)....
TotalEnergies Completes Sale of Canadian assets to Suncor
(TotalEnergies, 20.Nov.2023) — TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills...
Projeo Awarded $38mn from Energy Department for CarbonSAFE
(Projeo Corporation, 20.Nov.2023) — Projeo Corporation, a subsidiary of GTI International, has been awarded over $38mn in U.S. Department of Energy (DOE) funding to support the development of new carbon storage demonstrations....
Fitch Maintains Ecopetrol’s Rating at BB+, with Stable Outlook
(Ecopetrol, 20.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings affirmed the company's long-term foreign and local currency issuer default rating at "BB+", with a stable...
Vortex Metals in Deal to Buy 80% Interest in Illapel Copper Project
(Vortex Metals, 20.Nov.2023) — Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) signed the definitive agreement with "Windows Minerals SCM and SLM Rio 27 De Farellon Sánchez" (Jointly the optionors)...
![The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place...
Frontera Announces Initiation of Normal Course Issuer Bid
(Frontera, 16.Nov.2023) — Frontera Energy Corporation (TSX: FEC) announces that the Toronto Stock Exchange (TSX) has accepted its notice to initiate a normal course issuer bid (NCIB) for its common...
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Ancient Thanksgiving to Pachamama [Photos]
(Mainstream, 16.Nov.2023) — Members of Mainstream’s Chilean team recently honored local indigenous tradition by taking part in a centuries-old ceremony against the backdrop of Tchamma wind farm’s turbines, in the...
![TotalEnergies Publishes Response of EACOP Ltd [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/total-france-768x512.jpg)
TotalEnergies Publishes Response of EACOP Ltd [PDF Download]
(TotalEnergies, 16.Nov.2023) — Following the publication of the report by the NGO Greenfaith on the consideration of cultural heritage within the EACOP project in Uganda and Tanzania, and for which...
Sungrow to Supply SG5RT Residential Inverters to Residential PV Project in Egypt
(Sungrow, 15.Nov.2023) — Sungrow, the global PV inverter and energy storage system supplier, announced that it has been selected to supply 400 units of 5kW string inverters with its ultra-safe,...
Mainstream Finalizes Reorganization Process in Chile
(Mainstream, 14.Nov.2023) — Reference is made to previous announcements by Aker Horizons ASA regarding the initiation by Mainstream Renewable Power of Judicial Reorganization Proceedings for Condor Energía SpA and Huemul Energía...
FPSO Prosperity Producing and On Hire
(SBM Offshore, 14.Nov.2023) — SBM Offshore announce that FPSO Prosperity has produced first oil as of 14 Nov. 2023 and is formally on hire. The FPSO Prosperity utilizes a design that largely replicates the...
LNG Market Needs 90 Mtpa of Add’l Supply by 2035: WoodMac
(WoodMac, 14.Nov.2023) — The global liquefied natural gas (LNG) sector will need 90 million tonnes per annum (mtpa) of new supply by 2035 to sate growing demand with market volatility...
Touchstone Updates on Cascadura Field in 3Q:23 Results
(Touchstone, 14.Nov.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) provided an operational update and reports its operating and financial results for the three and nine months ended 30 Sep. 2023....
ExxonMobil Starts Third Offshore Guyana Project Payara
(Exxon Mobil, 14.Nov.2023) — ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per...
Getech Teams up with HyAfrica in Africa
(Getech, 14.Nov.2023) — Getech, a locator of subsurface resources, has signed an agreement with LIAG (Leibniz Institute for Applied Geophysics), a partner in the HyAfrica consortium, to accelerate the exploration and...
TotalEnergies Buys 1.5 GW Flexible Power Generation Capacity in Texas
(TotalEnergies, 13.Nov.2023) — As part of its development as an integrated power player, TotalEnergies has signed an agreement with TexGen, a U.S.-based company to acquire for $635mn three gas-fired power...
Exxon Turning Biomass into Fuel
(Exxon Mobil, 13.Nov.2023) — Making a global impact on climate change isn’t easy. Reducing emissions on a global scale requires multiple solutions, and we believe biofuels can play a big...
ExxonMobil Drilling First Lithium Well in Arkansas
(Exxon Mobil, 13.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for...
Petrobras Reports on Favorable Ruling in Labor Case before STF
(Petrobras, 13.Nov.2023) — Petrobras, in continuation of the announcement made on 02/15/2022, informs that, on 11/10/2023, the First Panel of the Federal Supreme Court concluded the judgment of the pending...
Companies Ask US, EU to Intervene in Venture Global LNG Dispute
(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm's failure to deliver...
Exmar Updates on Panama Canal Delays in 3Q:23 Results [PDF Download]
(Exmar, 10.Nov.2023) — The Executive Committee of EXMAR NV reported its third quarter results of 2023, including comments on delays crossing the Panama Canal, BW Tokyo and Tango FLNG. press_release_q3-23_exmarDownload...
![YPF Reports Rise in 3Q:23 Production [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/ypf-3q23-source-ypf-768x215.png)
YPF Reports Rise in 3Q:23 Production [PDF Downloads]
(YPF, 9.Nov.2023) — Argentina’s YPF SA reported total hydrocarbon production averaged 520 Kboe/d in the third quarter 2023, up 1% sequentially and up 3% on a year-on-year basis, mainly boosted...
Mandalay Resources Announces 3Q:23 Financial Results, CFO Transition
(Mandalay, 9.Nov.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) is pleased to announce its financial results for the quarter ended 30 Sep. 2023. Third Quarter 2023 Highlights: Generated consolidated quarterly...
Citgo Exits 3Q:23 with Liquidity of $3.86bn
(Citgo, 9.Nov.2023) — Citgo Petroleum Corporation reported its 2023 third quarter financial and operational results. Highlights: Net income of $567mn and EBITDA 1 of $895mn, compared to net income of $380 mn and EBITDA of $642mn for the second quarter...
![Petrobras Reports 3Q:23 Financials [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/petrobras-3q23.png)
Petrobras Reports 3Q:23 Financials [PDF Downloads]
(Petrobras, 9.Nov.2023) — Petrobras reported on its main financial achievements in the third quarter 2023. Highlights: Solid recurring EBITDA of US$13.7bnGross debt under control at US$61bn, even after the increase...
Petrobras on Remuneration to Shareholders
(Petrobras, 9.Nov.2023) — Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends and interest on own equity in the amount of R$17.5bn,...
Citgo Concludes 2023 Marketer Roundtables
(Citgo, 9.Nov.2023) — Citgo Petroleum concluded its highly successful Marketer Roundtable Meetings for 2023, bringing together marketers from across the country to discuss key industry trends, brand programs, and commercial...
Frontera Updates on Colombia and Guyana
(Frontera, 9.Nov.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the third quarter ended 30 Sep. 2023. All financial amounts in this news release are in United States dollars,...
CGX and Frontera Report Find Offshore Guyana
(Frontera, 9.Nov.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License...
Petrobras Revises its 2023 Production and CAPEX Guidance
(Petrobras, 9.Nov.2023) — Petrobras, under the terms of CVM Resolution No. 44, of 23 Aug. 2021, and in addition to the material fact disclosed on 16 Oct. 2023, informs that...
Trek Bicycle and World Bicycle Relief Partner for Third Year in a Row
(Trek Bicycle, 9.Nov.2023) — Today, Trek Bicycle and World Bicycle Relief (WBR) announced their third annual holiday fundraiser to help mobilize people in rural communities with purpose-built Buffalo Bicycles. This year, the two organizations...
Ecopetrol Responds to News From BluRadio
(Ecopetrol, 9.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that today the news website www.bluradio.com reported the convening of an extraordinary meeting of the General Shareholders' of Ecopetrol. Ecopetrol hereby informs that it...
FPSO Liza Unity Purchase by ExxonMobil Completed
(SBM, 9.Nov.2023) — SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of...
ONEHOPE Wine Reaches Philanthropic Milestone
(ONEHOPE, 9.Nov.2023) — ONEHOPE, a Napa Valley winery founded with the mission to change the world by sharing wine and giving hope is pleased to announce surpassing ten million dollars in donations to more...
TotalEnergies Commits to Employee’s Energy Transition
(TotalEnergies, 9.Nov.2023) — As part of its transition strategy, TotalEnergies is committed to support its 35,000 employees in France in their own ecological transition effort to make their energy consumption...
Franco-Nevada Declares Dividend
(Franco-Nevada, 8.Nov.2023) — Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of US$0.34 per share. The dividend will be paid on 21 Dec. 2023, to shareholders of record on 7...
Franco-Nevada Reports 3Q:23 Results
(Franco-Nevada, 8.Nov.2023) — "Our core precious metal assets anchored the quarter, resulting in increased revenue and earnings over the prior year period," stated Paul Brink, CEO. We are looking forward...
Petrobras Processes Renewables Materials at Riograndense Refinery
(Petrobras, 8.Nov.2023) — Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time....
Petrobras Says Strategic Plan 2024-2028 is Under Construction
(Petrobras, 8.Nov.2023) — Petrobras, in relation to the news published in the media and in line with the statement of 25 Oct. 2023, confirms that its 2024-2028 Strategic Plan (2024-28...
![Maurel & Prom Inks Deal in Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/mp-pdvsa-768x325.png)
Maurel & Prom Inks Deal in Venezuela [PDF Download]
(Sempra, 8.Nov.2023) — Maurel & Prom signed a set of agreements with Venezuela’s state owned PDVSA for the immediate restart of the activity of M&P’s mixed company in Venezuela. signing-of-a-set-of-agreements-with-pdvsa-for-the-maurel-promDownload...
Parex Announces 3Q:23 Results, Arauca Drilling Success
(Parex, 7.Nov.2023) — Parex Resources Inc. (TSX: PXT) announced its financial and operating results for the three-month period ended 30 Sep. 2023, and the declaration of its Q4 2023 regular...
Sempra Price Public Offering of Common Stock
(Sempra, 7.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) today announced that it has priced its registered public offering of 17,142,858 shares of its common stock in connection with the forward sale agreements...
![Oxy Reports 3Q:23 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/05/oxy-houston-energy-analytics-institute-768x576.jpg)
Oxy Reports 3Q:23 Results [PDF Downloads]
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2bn, or $1.20 per diluted share, and adjusted income attributable to...
Oxy and BlackRock JV to Develop STRATOS DAC Plant
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world's largest Direct Air Capture (DAC) facility, in...
![Ecopetrol 2023 Results: Second Best in History [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/colombia-source-ecopetrol-768x269.jpg)
Ecopetrol 2023 Results: Second Best in History [PDF Downloads]
(Ecopetrol, 7.Nov.2023) — Within the framework of Ecopetrol's 15th anniversary celebration on the New York Stock Exchange, we hosted our Investor Day, during which we reaffirmed our 2040 Strategy, "Energy...
BW Energy: Substantial Oil Find in the Hibiscus South Prospect
(BW Energy, 6.Nov.2023) — BW Energy announced that the DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect. The company plans to return to...
Kosmos Boosts Working Interest, Assumes Operatorship of Yakaar-Teranga
(Kosmos, 6.Nov.2023) — Kosmos Energy Ltd. (NYSE/LSE: KOS) has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore...