(Energy Analytics Institute, 15.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024.
—Argentina: The Argentine govt changed the name of the Gasoducto Néstor Kirchner to Gasoducto Perito Moreno.
—Ecuador: Ecuador eyes exporting 7,920,000 bbls between Nov. 2024-Jan. 2015, which will generate revenues of ~$496mn.
—Guyana: ExxonMobil reached a milestone of 500 MMbbls of accumulated crude oil production offshore in the Stabroek blk.
—Guyana: Owing to rising oil rents, the govt is improving access to student loan write-off program.
—Mexico: The govt of President Claudia Sheinbaum officially launched the country’s hydrocarbon sector strategy.
—Mexico: Once operational, the 340 Mb/d Olmeca refinery in Dos Bocas will allow Pemex to reduce exports of its heavy sour Mayan crude to the US Gulf Coast to instead be refined domestically.
—Suriname: Saipem was awarded a new EPCI contract by TotalEnergies, worth $1.9bn, for the subsea development of the GranMorgu project located offshore.
ET AL.
—AFRICA: China’s Belt and Road initiative offers an alternative to Western investments w/ China eagerly investing in African infrastructure w/o imposing political conditions. For Africa, this flexibility makes Chinese investment appealing, which poses a strategic risk for Western influence, according to Energy Analytics Institute’s new research report: ‘Africa NRG Insights’ (inquire via email energy.analytics.institute(at)gmail.com for pricing details).
—CHINA: The Asian country will not be resuming the mega oil-backed leaning of yesteryear across Latin America and the Caribbean (LAC) as its focus turns to debt negotiations.
—US: Venture Global LNG eyes filing what could be one of the top IPOs, both in energy and globally this yr, according to Bloomberg.
—US: US president-elect Donald Trump is rumored to appoint Liberty Energy‘s Chris Wright to be his Energy Sec.
—US: Nuclear power plants produced 775bn KwH of electricity in 2023 – enough to power more than 72mn US homes, according to the EIA.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved. More online at www.Energy-Analytics-Institute.org
