(Volvo, 20.Dec.2023) — Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo’s first sales of zero-exhaust emission trucks to Latin America. Volvo Trucks is continuing to enter new markets with its battery electric trucks. The company has now delivered its first […]
Author: ENERGY ANALYTICS INSTITUTE (EAI)
Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.
SSR Mining Updates on Sale of EMX Units
(SSR Mining, 20.Dec.2023) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) entered into an agreement with Scotiabank under which the bank will purchase by way of a block trade 6,161,524 units at a price of C$1.93 per unit for gross proceeds to SSR Mining of C$11,891,741 (approximately $8.9mn) (the “sale”). […]
Venezuela grants Dragon gas field license
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 20.Dec.2023) — The National Gas Company of Trinidad and Tobago (NGC) and Shell were granted a license for the exploration and exploitation of non-associated gas in the Dragon field, located in Venezuela’s Paria peninsula. The license was granted during a signing ceremony in […]
Kodiak Gas to Buy CSI Compressco in $854mn All-Equity Deal
(CSI Compressco, 19.Dec.2023) — Kodiak Gas Services, Inc. (NYSE: KGS) and CSI Compressco LP (NASDAQ: CCLP) executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854mn, including the assumption of $619mn of net debt, based on the closing price of Kodiak’s stock on 18 Dec. 2023. […]
GoGold Completes Construction of Zinc Circuit at Parral
(GoGold, 19.Dec.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announces the financial results for the year ending 30 Sep. 2023, with Parral generating $30mn (all amounts are in U.S. dollars) from the sale of 1.4 million silver equivalent ounces. “As we look forwards towards 2024 and the opportunity for value creation for GoGold shareholders, it […]
EnerMech Extends Training with OPITO Accreditations
(EnerMech, 19.Dec.2023) — EnerMech’s training centre in Aberdeen has achieved two additional OPITO global training accreditations, allowing the business to develop the skills and competencies of personnel working in lifting operations in any industry around the world. The company’s dedicated facility was originally established to upskill the North Sea’s offshore […]
New Generation Takes Over at Exmar
(Exmar, 19.Dec.2023) — Listed Belgian shipowner sets a strategic milestone as Carl-Antoine Saverys will be the new CEO, taking over from Francis Mottrie who will stay on board as COO. Carl-Antoine Saverys will take over formally as CEO from 1 Jan. 2024. After assuming various roles in the shipping industry, […]
Shell Invests in GOM Sparta Development
(Shell, 19.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), […]
enCore Energy Transfers to NASDAQ
(enCore Energy Corp., 19.Dec.2023) — enCore Energy Corp. (NYSE American: EU) (TSXV: EU) will transfer its stock exchange listing to the Nasdaq Capital Market from the NYSE American LLC. The company shares will continue to trade under the ticker symbol “EU” with expectations that the listing will commence on the […]
Treasury International Capital Data for Oct.
(US Treasury, 19.Dec.2023) — The US Department of the Treasury released Treasury International Capital (TIC) data for Oct. 2023. The next release, which will report on data for Nov. 2023, is scheduled for 19 Jan. 2024. The sum total in Oct. of all net foreign acquisitions of long-term securities, short-term […]
Brazil Long-Term Ratings Upgraded To ‘BB’ From ‘BB-‘
(S&P Global, 19.Dec.2023) — S&P Global Ratings raised its long-term global scale ratings on Brazil to ‘BB’ from ‘BB-‘. The outlook on the long-term ratings is stable. We affirmed Brazil’s global scale short-term ratings at ‘B’ and our national scale long-term rating at ‘brAAA’. We also raised the transfer and […]
Perenco Brazil Announces First Oil to FSO Pargo
(Perenco, 19.Dec.2023) — Perenco Brazil announced that first oil to the Floating Storage and Offloading (FSO) vessel, “FSO PARGO”, has been successfully received following issuance of all operational licensing from the Brazilian regulatory authorities earlier in Dec. 2023. The vessel’s operational start-up is the culmination of significant workstreams from Perenco’s […]
Coretrax Reveals Sales and Operations Appointments
(Coretrax, 19.Dec.2023) — Coretrax, an oil and gas well integrity and production optimisation, has appointed Colin Graham as the company’s first sales and operations manager for Africa as it plans for further growth in the region. Colin joins the business with nearly four decades of oil and gas industry […]
Nabors Completes Business Combination Between NETC
(Nabors, 19.Dec.2023) — Nabors Industries Ltd. (NYSE: NBR) issued the following statement from Chairman, President and CEO Anthony G. Petrello regarding the closing of the previously announced business combination between Nabors Energy Transition Corporation (NETC), the special purpose acquisition company (SPAC) sponsored by Nabors, and Vast Renewables Limited. The combined company now trades […]
AquaShip AS and Intership AS Merge
(AquaShip and Intership, 18.Dec.2023) — American Industrial Partners Capital Fund VII, LP, an investment fund managed by American Industrial Partners (AIP) announced that it has become the majority and controlling shareholder in AquaShip AS and Intership AS and will merge the two companies to form one of the largest, most […]
Nature Wood Announces 1H:23 Financial Results
(Nature Wood, 18.Dec.2023) — Nature Wood Group Limited disclosed its unaudited financial results for the six months ended 30 Jun. 2023. Financial Highlights: Total revenue for the first half of 2023 stood at approximately $15.6mn, marking a decrease of 49.6% from the $31mn recorded in the same period of last year.The company reported […]
KAES to Buy Wever Fertilizer Plant from OCI Global for $3.6bn
(KAES, 18.Dec.2023) — Koch Ag & Energy Solutions (KAES), a global provider of solutions for the agriculture, energy and chemical markets, announced an agreement to acquire OCI Global‘s fertilizer plant in Wever, Iowa, for $3.6bn. The transaction, once finalized, will give KAES 100% ownership of the state-of-the-art facility, which was opened in […]
Germany to End EV Subsidy Programme
(Reuters, 16.Dec.2023) — Germany’s electrical vehicle subsidy programme will end prematurely on Monday after paying out some 10bn euros since 2016, the Economics Ministry said, the latest sign of belt-tightening following the adoption of a revised 2024 budget this week. The new budget had to be slimmed down after a ruling by […]
QatarEnergy Inks PSCs for Offshore Suriname Blocks
(QatarEnergy, 15.Dec.2023) — QatarEnergy signed two Production Sharing Contracts (PSCs) for Suriname’s offshore Blocks 64 and 65, which it had won during a bid round held in June 2023. Pursuant to the signed contracts, QatarEnergy will own a 30% working interest in block 64, while TotalEnergies (the operator) will own […]
TotalEnergies Expands Presence in Suriname with New License
(TotalEnergies, 15.Dec.2023) — TotalEnergies and its partners QatarEnergy and Petronas signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. “TotalEnergies is delighted to expand further its presence in offshore Suriname, together with two strategic partners. This new block fits well with […]
Petrobras Inks New Deal with Bolivia’s YPFB
(Petrobras, 15.Dec.2023) — Petrobras, further to the announcements made on 24 May 2022 and 5 Aug. 2022, informs that, after complying with internal governance procedures, it has signed a new amendment to the natural gas purchase agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The amendment signed today changes the delivery […]
Steel Dynamics Provides 4Q:23 Earnings Guidance
(Steel Dynamics, 15.Dec.2023) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided fourth quarter 2023 earnings guidance in the range of $2.60 to $2.64 per diluted share. Comparatively, the company’s third quarter 2023 earnings were $3.47 per diluted share and prior year fourth quarter earnings were $3.61 per diluted share. Fourth quarter 2023 profitability from the company’s steel operations is expected […]
TG Natural Resources to Buy Rockcliff Energy for $2.7bn
(Quantum, 15.Dec.2023) — Rockcliff Energy II LLC, a portfolio company of Quantum Energy Partners, announced the entry into a definitive agreement with TG Natural Resources LLC (TGNR), in which TGNR will acquire 100% of the membership interests in Rockcliff for $2.7bn, prior to customary adjustments (the “Transaction”). Rockcliff is a […]
Petrobras on First Installment of Remuneration to Shareholders
(Petrobras, 15.Dec.2023) — Petrobras, following up on the Material Fact of 08/03/2023, informs that it will pay today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount to be distributed today is R$ 0.574652 per common and preferred share in the form […]
Petrobras Updates on Divestment of Stake in UEG Araucária S.A. (UEGA)
(Petrobras, 15.Dec.2023) — Petrobras, following up on the release disclosed on 27 Oct. 2023, informs that it has closed the competitive process for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA), together with the sale of the stakes of its partners, Companhia Paranaense […]
Brazilian Bid Round Opens New Offshore Frontier in Pelotas Basin
(WoodMac, 14.Dec.2023) — A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round, 192 under concession and one under production sharing agreement, signaling strong optimism for the industry, according to Wood Mackenzie. Highlights from these bid rounds included: The total amount in bonuses was […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]
China’s Solar Production Costs Fall by 42% in Last Year
(WoodMac, 14.Dec.2023) — The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country an enormous cost advantage over international rivals according to a new Horizons report from Wood Mackenzie. The report: ‘Top of […]
Joint Declaration between Guyana and Venezuela
(CELAC, 14.Dec.2023) — On Thursday, 14 Dec. 2023, in Argyle, Saint Vincent and the Grenadines, His Excellency Irfaan Ali, President of the Co-operative Republic of Guyana and His Excellency Nicolas Maduro, President of the Bolivarian Republic of Venezuela held discussions on matters consequential to the territory in dispute between their […]
Guyana, Venezuela agree to not use force in Essequibo spat
(Reuters, 14.Dec.2023) — Guyana and Venezuela on Thursday agreed to avoid any use of force and to not escalate tensions in their long-running dispute over the oil-rich Esequibo area after a meeting between their heads of state in Saint Vincent and the Grenadines. The 160,000-square-km (62,000-square-mile) region is generally recognized […]
Shell Assumes 100% Working Interest in US GOM Kaikias Field
(Shell, 13.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), acquired the 20% working interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias field in the US Gulf of Mexico. Shell now has 100% WI and remains the operator. “Since […]
Pembina Announces $3.1bn Acquisition of Enbridge Interests
(Pembina, 13.Dec.2023) — Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) has entered into an agreement with Enbridge Inc. to acquire all of Enbridge’s interests in the Alliance, Aux Sable and NRGreen joint ventures. Highlights Pembina has entered into an agreement to acquire Enbridge’s interests in Alliance, Aux Sable and NRGreen […]
Iberostar Unveils Circular Economy Roadmap
(Iberostar, 13.Dec.2023) — Iberostar Group, involved in responsible tourism, unveils its new roadmap showcasing its commitment to circular economy principles at the 28th edition of the United Nations Conference (COP28) in Dubai, at the UNWTO event: Tourism United for Climate Action – Delivering on the Commitments of the Glasgow Declaration. New roadmap outlines Iberostar’s strategic progress in […]
Consortium to Develop a 1,500 MW Hydropower Project in Mozambique
(TotalEnergies, 13.Dec.2023) — The consortium of EDF (40%), TotalEnergies (30%) and Sumitomo Corporation (30%) announces that it has been selected as strategic partner by the government of Mozambique and entered into a joint development agreement for the development of the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, […]
Eni Reports on Treasury Share Purchases
(Eni, 13.Dec.2023) — During the period from 4-8 Dec. 2023, Eni acquired on the Euronext Milan no. 5,595,589 shares (equal to 0.17% of the share capital), at a weighted average price per share equal to 14.9630 euro, for a total consideration of 83,726,564.84 euro within the second tranche of the […]
Petrobras Reveals Results of ANP Bidding Process
(Petrobras, 13.Dec.2023) — Petrobras has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil Ltda and Shell Brasil Petróleo Ltda. The consortium […]
Shell Takes FID for Phased Wells at Perdido in US Gulf of Mexico
(Shell, 12.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost production at the Shell-operated Perdido spar in the US Gulf of Mexico (GoM). After completion of this […]
TotalEnergies Buys Numerous Start-ups in the Electricity Business
(TotalEnergies, 12.Dec.2023) — To contribute to the acceleration of its development in the electricity business, TotalEnergies acquires three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has […]
Petrobras Greenlights Deal with Eletrobras
(Petrobras, 12.Dec.2023) — Petrobras‘ Board of Directors, in a meeting held on 11 Dec. 2023, approved a judicial settlement regarding the collection of differences in monetary correction and interest on Eletrobras‘ Compulsory Loan. Conditional on judicial approval, the agreement provides for the payment to Petrobras of R$1.2bn within 5 working […]
Tellurian BODs names Daniel Belhumeur as President
(Tellurian, 11.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance […]
Shell 3Q:23 Euro and GBP Equivalent Dividend Payments
(Shell plc, 11.Dec.2023) — The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2023 interim dividend, which was announced on 2 Nov. 2023 at US$0.331 per ordinary share. Shareholders have been able to elect to receive their dividends in […]
Sungrow Spearheads Iraq’s Renewable Energy Revolution
(Sungrow, 11.Dec.2023) — In a strategic move toward harnessing the untapped potential of Iraq’s solar landscape, Sungrow is taking the lead in shaping the nation’s green energy sector. Iraq’s Minister of Oil, Ihsan Abdul Jabbar, stressed the importance for Arab countries to prioritize high-efficiency, low-cost energy production to foster a modern economy. The country […]
Shell to Divest Partial Stake in Projects to InfraRed Capital Partners
(Shell, 11.Dec.2023) — Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc (Shell), have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. Shell will sell 60% interest in Brazos Wind Holdings, LLC (Brazos), a 182-megawatt (MW) onshore wind farm […]
Ellomay Capital on Results of 2023 AGM
(Ellomay, 11.Dec.2023) — Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, announced that at the annual general meeting of the company’s shareholders, held on 11 Dec. 2023 (the “AGM“), the following proposals were adopted and approved by […]
Pembina Reveals 2024 Guidance, Provides Business Update
(Pembina, 11.Dec.2023) — Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announced its 2024 financial guidance and provided a business update. Highlights 2024 adjusted EBITDA guidance of $3.725bn to $4.025bn, driven by continued volume growth across the Western Canadian Sedimentary Basin (“WCSB”), new assets placed into service, re-contracting of certain assets, […]
Occidental to Buy CrownRock for $12bn
(Oxy, 11.Dec.2023) — Occidental (NYSE: OXY) entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12bn, including the assumption of CrownRock’s debt. Highlights include: Expected […]
Tensions Soar Between Guyana and Venezuela over Essequibo
(AP, 9.Dec.2023) — A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Steeped in patriotism, the Venezuelan government is seizing on the fight to boost support ahead of a presidential election among a population fed up with a decadelong crisis that has pushed […]
Scania’s New Biogas Engines: Going Greener with 5% Fuel Savings
(Scania, 8.Dec.2023) — Scania first hinted about its new biogas engines at last year’s IAA fair, but when the state-of-the-art engines arrived they came with a twist – they are now paired with two-thirds of the successful Super-based powertrain. The well-composed and harmonised trio – the new biogas engines plus […]
Cboe Canada on Listing of LiTHOS Energy
(Cboe Canada, 8.Dec.2023) — Cboe Canada, the new business name of the NEO Exchange, welcomes LiTHOS Energy Ltd., a critical minerals extraction technology company improving the sustainability of lithium mining, as they graduate their public listing. Following a voluntary delisting from the Canadian Securities Exchange, LiTHOS is now trading on Cboe […]
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Martin Houston Becomes Tellurian Chairman [PDF Download]
(Tellurian, 8.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the company or hold any managerial responsibilities. […]