ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Hull Street Energy Buys California Natural Gas-Fired Power Plant

(Hull, 7.Dec.2023) — Hull Street Energy has acquired 100% of EF Oxnard, LLC from an affiliate of Atlantic Power & Utilities. Located in Oxnard, California, EF Oxnard is a nominal 48 MW simple cycle, gas-fired facility. The EF Oxnard plant is a high-quality addition to Hull Street Energy’s transition-focused power infrastructure […]

Thayer Infrastructure Services Acquires Dynetek Solutions

(TIS, 7.Dec.2023) — Thayer Infrastructure Services, LLC (TIS), an infrastructure services providers in the power, fiber, and wireless communications construction industries, announced today the completed acquisition of Dynetek Solutions, Inc., now Dynetek Solutions, LLC. Dynetek excels in horizontal directional drilling (HDD) services, while providing infrastructure installation, upgrade, and maintenance solutions […]

Sempra Named Among Newsweek’s ‘Most Responsible Companies’

(Sempra, 7.Dec.2023) — Sempra (NYSE: SRE) (BMV: SRE) has been recognized by Newsweek as one of “America’s Most Responsible Companies” for 2024, earning this distinction for the fifth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility, specifically on efforts related to environment, social and corporate governance. […]

Talos Energy Provides Operational Updates

(Energy Analytics Institute, 7.Dec.2023) — Talos Energy Inc. (NYSE: TALO) provided operational updates related to its operations in the Gulf of Mexico and first production from its Venice and Lime Rock finds. First, Talos expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its […]

Dujiangyan: Changes and Constants in 2279

(The Sichuan Dujiangyan Water Conservancy Development Center, 7.Dec.2023) — As 2023 comes to a close, international students from countries such as France, Canada, Colombia are gearing up to visit Dujiangyan to experience its hydraulic culture. Now 2279 years old, known as the “originator of world hydraulic culture,” Dujiangyan reveals its changes and constants to visitors […]

England
UK

DNV Names Head of CCUS

(DNV, 6.Dec.2023) — DNV, the independent energy expert and assurance provider, has announced the appointment of Jamie Burrows as head of its Energy Systems business area’s Carbon Capture, Utilization, and Storage (CCUS) unit. Amidst COP28 proceedings, the move underscores DNV’s commitment to CCUS as a pivotal tool for decarbonizing hard-to-abate sectors, such […]

Venezuela Issues Arrest Warrants for Opposition Staffers for Treason

(Reuters, 6.Dec.2023) — Venezuela’s attorney general on Wednesday said there are arrest warrants for three people involved in the campaign of opposition presidential nominee Maria Corina Machado, for crimes including treason. A lawyer for Machado’s Vente Venezuela party said the three people have always acted correctly. The warrants for Henry […]

Chevron Reveals $16bn Capex Budget for 2024

(Chevron, 6.Dec.2023) — Chevron Corporation (NYSE: CVX) announced an expected organic capital expenditure range of $15.5bn to $16.5bn for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3bn for 2024. Upstream spending in 2024 is expected to be about $14bn. Of this planned expenditure, two-thirds […]

Metalla Royalty Highlights Near-Term Catalyst

(Metalla, 6.Dec.2023) — Metalla Royalty & Streaming Ltd. (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts. CORPORATE HIGHLIGHTS An emerging mid-tier royalty and streaming company now with over 100 royalties and streams with several cornerstone assets […]

Secretary Blinken’s Call with Guyana’s President Irfaan Ali

(US Treasury, 6.Dec.2023) — Secretary of State Antony J. Blinken spoke with Guyanese President Dr. Mohamed Irfaan Ali to reaffirm the United States’ unwavering support for Guyana’s sovereignty. The Secretary reiterated the United States’ call for a peaceful resolution to the dispute and for all parties to respect the 1899 arbitral […]

Maduro Orders Immediate Oil and Gas Exploration in Disputed Territory

(Voice of America, 6.Dec.2023) — Venezuelan President Nicolas Maduro has ordered state-owned oil, gas and mining companies to “immediately” begin operations in a wide territory controlled by neighboring Guyana. Maduro issued the order Tuesday, two days after Venezuleans voted overwhelmingly to approve a referendum that would annex the 160,000-square kilometer […]

Energy Chamber Welcomes News of Atlantic Restructuring Agreement

(The Energy Chamber of Trinidad & Tobago, 6.Dec.2023) — The Energy Chamber of Trinidad & Tobago welcomes the news of the final signing of the Atlantic restructuring agreement. The Energy Chamber would like to thank and compliment the negotiating teams from bpTT, Shell, the National Gas Company of Trinidad and […]

TotalEnergies and Masdar Demonstrate Methanol-to-SAF Pathway

(TotalEnergies, 6.Dec.2023) — The first test flight to demonstrate the potential for converting Methanol to SAF (Sustainable Aviation Fuel) has taken place in Dubai on the sidelines of COP28 in the UAE. Masdar, TotalEnergies, the UAE General Civil Aviation Authority, Airbus, Falcon Aviation Services and technology licensor Axens all contributed […]

Venezuela Moves to Claim Guyana-Controlled Region

(BBC, 6.Dec.2023) — Venezuelan President Nicolás Maduro is plunging ahead with its plans to take over Essequibo, the oil-rich region controlled by neighbouring Guyana. He has ordered the state oil company to issue extraction licences there and proposed the National Assembly pass a bill making the area part of Venezuela. […]

ExxonMobil on Earnings from 2019-2027 [PDF Download]

(ExxonMobil, 6.Dec.2023) — ExxonMobil gave an update to its Corporate Plan through 2027, reflecting continued execution of its strategy to provide the products society needs and to lower emissions, both its own and others’. Highlights: Expecting capital investments to generate average returns of ~30%, with payback periods less than 10 years for […]

Air Burners Launches BioCharger

(Air Burners, 5.Dec.2023) — Air Burners®, the leading manufacturer of air curtain burner systems worldwide, collaborated with Rolls-Royce and Volvo Construction Equipment to develop and test the BioCharger – an innovative, portable machine that turns biomass waste into energy. The BioCharger is the first machine of its kind, combining three innovative […]

IDB Invest and IFC Launch Amazon Finance Network

(IDB Invest, 5.Dec.2023) — During COP28, IDB Invest and IFC announced the launch of the Amazon Finance Network, bringing together financial institutions to increase investment flows, mobilize capital, promote financial inclusion, share knowledge on innovative financial solutions, and generate synergies with the public sector. The initiative aims to generate sustainable impact […]

Maduro to Permit Development in Disputed Territory

(Reuters, 5.Dec.2023) — Venezuelan President Nicolas Maduro said on Tuesday he would authorize oil exploration in an area subject to a dispute with Guyana, which said it would report his comments to the United Nations and the International Court of Justice (ICJ). Maduro’s pledge to permit development around the Esequibo […]

Increased Market Share Expected as Investment Builds for Low-Carbon Hydrogen

(WoodMac, 5.Dec.2023) — Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the […]

New Unitized Commercial Structure for Atlantic LNG

(Office of the Prime Minister of Trinidad and Tobago, 5.Dec.2023) — The government has secured a new unitized commercial structure for Atlantic LNG which allows the National Gas Company of Trinidad and Tobago (NGC) to obtain a greater share in the revenue derived from the sale of LNG on the […]

Fact sheet: Argentina’s Vaca Muerta formation [Videos]

(Aaron Simonsky, Energy Analytics Institute, 4.Dec.2023) — Argentina’s Vaca Muerta shale formation contains an estimated 308 trillion cubic feet (Tcf) of recoverable shale resources and is important for continued economic development of the South America country, according to the government. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All […]

Rock Tech Secures Offer for Guben Converter

(Rock Tech, 4.Dec.2023) — Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) has received a binding feedstock supply offer from Castelburg Industrie GmbH. Castelburg, a renowned supplier in the automotive industry commits to supply a minimum of 250,000 dry metric tonnes of spodumene concentrate feedstock for the company’s conversion […]

Global Centre Launched to Accelerate Climate Finance

(GCFC, 4.Dec.2023) — Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally. The GCFC aims to address key barriers linked to financial frameworks that hinder investment flows, to help make […]

CGX and Frontera on Guyana-Suriname Basin

(CGX, 4.Dec.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that on 11 Dec. 2023, at 10 am ET, senior operational and technical team members will host a virtual informational presentation on […]

Petrobras Inks Deal to Install CO2 CCUS Hub

(Petrobras, 4.Dec.2023) — Petrobras has signed, this Sunday (03/12/2023), at COP-28, in Dubai, a protocol of intentions with the Government of the State of Rio de Janeiro for the joint evaluation of the implementation of pilot projects for a CO2 capture and storage hub (the so-called CCUS) in the State of […]

Europe
Italy

Eni and Defense Strengthen Strategic Deal for Italy’s Security

(Eni, 4.Dec.2023) — Minister of Defence, Guido Crosetto, and Eni CEO, Claudio Descalzi, signed a Memorandum of Understanding between the Ministry of Defence and Eni today in Rome. The agreement strengthens strategic collaboration on security and risk assessment thanks to the share of expertise and information that can complement the […]

Trinidad PM Rowley Leads Energy Talks with bp in London

(Office of the Prime Minister of Trinidad and Tobago, 4.Dec.2023) — Prime Minister Dr the Hon. Keith Rowley met with bp’s Interim Chief Executive Officer, Murray Auchincloss at the company’s headquarters in London on 4 Dec. 2023. Minister of Energy and Energy Industries and Minister in the Office of the […]

Venezuela votes on disputed Essequibo region

PANAMA CITY, PANAMA (Energy Analytics Institute, 4.Dec.2023) — Venezuelans voted in fair referendum claiming sovereignty over the Essequibo region, a disputed area on Venezuela’s eastern border with Guyana. The region spans roughly 60,000 square miles and is comprised mainly of dense jungle and is rich in oil and mineral reserves.

Venezuela Wins Vote Claiming Part of Guyana

(AP, 4.Dec.2023) — Venezuelan President Nicolás Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over an oil-rich area of neighboring Guyana. But lackluster turnout suggested his government is losing influence and is tone deaf to people’s needs. Maduro’s government had promoted the referendum […]

Venezuelans Vote on Sovereignty Over Part of Guyana

(CNBC, 4.Dec.2023) — Venezuelans on Sunday voted to claim sovereignty over a large swathe of their oil-rich neighbor Guyana, marking the latest escalation in a long-standing territorial dispute between the countries. Voters were asked if they supported the establishment of a new state in the contested area, known as the Essequibo. […]

Southwest Gas Provides Update on Centuri

(Southwest Gas, 4.Dec.2023) — Southwest Gas Holdings, Inc. (NYSE: SWX) today announced its intent to pursue an initial public offering (IPO) of newly issued shares of Centuri Holdings, Inc. in the spring/summer 2024. The Southwest Gas board of directors has determined that an IPO is the optimal path to advance the […]

Rainforest Nations Back Projects Funded Through Carbon Market

(Equitable Earth, 3.Dec.2023) — Today at the UN Climate Change Conference (COP28), Ministers and Indigenous leaders from the most important tropical forests in the world spoke at the launch of Equitable Earth – a new voluntary carbon market standard designed to drive climate finance directly to Indigenous peoples and traditional communities. […]

Countries, Companies Support Energy Transition Accelerator

(The Rockfeller Foundation, 3.Dec.2023) — Today at COP28, the United Nations Climate Change Conference, the U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation presented the core framework of the Energy Transition Accelerator (ETA), an innovative carbon finance platform aimed at catalyzing private capital to support ambitious just […]

Rockefeller Foundation Commits $100mn for Climate Solutions

(The Rockfeller Foundation, 2.Dec.2023) — The Rockefeller Foundation is announcing a $100mn commitment to address the health impacts of climate change. Joining 40 multilateral development banks, governments, philanthropies, and civil society organizations, the Foundation also endorsed the Guiding Principles for Financing Climate and Health Solutions, launched today at the World Climate Action Summit, […]

Asia
China

CGTN: On Climate Change, “We’re Running Out of Time, Not Options” [Video]

(CGTN, 2.Dec.2023) — Beijing, the strong, fast-beating heart of Chinese prosperity, has been known as a safe and stable city free from natural calamities. But not the summer of 2023. Throughout the season, the mercury soared, with daily highs consistently hitting over 40°C. Then as the capital had a relative […]

Court Bars Venezuela from Altering Guyana’s Control over Essequibo

(AP, 1.Dec.2023) — The United Nations’ top court on Friday ordered Venezuela not to take any action that would alter Guyana’s control over a disputed territory, but did not specifically ban Venezuela from holding its planned referendum Sunday on the territory’s future. Guyana had asked the International Court of Justice to order […]

Ecopetrol to Invest Between 23tn-27tn Pesos in 2024

(Ecopetrol, 1.Dec.2023) — On 30 Nov. 2023, Ecopetrol‘s Board of Directors approved maintaining investment levels between 23tn and 27tn Colombian pesos in 2024, aligning with the commitment to energy security and the country’s energy transition under the 2040 “Transforming Energy” Strategy. Highlights: Approximately 19tn pesos will be allocated to profitable production, with daily averages […]

Blue Sky Uranium Applies to Extend Warrants

(Blue Sky, 1.Dec.2023) — Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF),has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows: 38,590,654 unexercised Warrants (42,000,077 originally granted) that are set to expire on 11 Jan. and 26 Jan. 2024 to be […]

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 Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, […]

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 first framework agreement; Venezuela to hold referendum related to the Essequibo disputed region between Venezuela and Guyana; Colombia’s National Hydrocarbon […]

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 most significant alteration of Venezuela policy in the last several years, coupled with routine deportation flights started on the same day as […]

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, and what does this mean for future M&A in the country? The exit of the Norwegian giant is not a […]

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 entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a subsidiary of ARC […]

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. Highlights: São Jorge is located at the center of the Tapajos Gold District, which hosts multiple gold projects including producing […]

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 oil and gas sector has in their plans for the overall Argentinian economy, however, their success in deregulating the sector […]

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 reserve estimate follows the updated mineral resource estimate announced on 2 Nov. 2023. Aris Mining is also increasing the capacity […]

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 Asset Life Extension project. Production is expected to ramp up over the coming months. “Focusing on safety and operational integrity, […]

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 major shareholder notifications from BlackRock, Inc. regarding the fact that BlackRock’s indirect holdings of shares and voting rights in Noble […]

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 ambitions. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.

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 gas in Latin America. Opportunities of all kinds are fuelling stratospheric expectations for Majors, national oil companies (NOCs) and mid-caps […]