ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Head of Exxon’s Shale Business Faces Sexual Assault Charge in Texas

(Reuters, 8.Oct.2023) — The head of Exxon Mobil‘s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last week on a sexual assault charge, police said. David Scott, an Exxon senior vice president who oversees all its shale oil and gas […]

Asia
India

Arctech Showcases Solar Tracker Products at REI Expo 2023

(Arctech, 8.Oct.2023) — Arctech, a solar tracking and racking solution provider, attended the Renewable Energy India Expo 2023 (REI Expo) in New Delhi. The expo is the largest international renewable energy professional exhibition in South Asia, spanning three days. At the exhibition, the solar tracking system SkyLine II, as a star product launched […]

Brazil’s Petrobras on CARF Judgment

(Petrobras, 6.Oct.2023) — Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the […]

Enbridge CEO on LNG to Reduce Emissions, Energy Poverty [PDF Download]

(Enbridge, 6.Oct.2023) — Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) called on Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In a keynote address to the Toronto Region Board of […]

OPPO’s Commitment to Sustainability: Enhancing Product Durability and ESG Contribution

(OPPO, 6.Oct.2023) — In an era where environmental consciousness is paramount, consumers are increasingly valuing the longevity and eco-friendliness of their tech products. OPPO, the global technology innovator, not only recognizes this shift in consumer priorities but is actively enhancing product quality to ensure lasting durability while minimizing environmental impact. With […]

Energy Industry Demonstrates Commitment to Decarbonising at ADIPEC 2023

(ADIPEC, 6.Oct.2023) — ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition […]

TotalEnergies Surpasses Milestone of 1,000 High-Power Chargers in France

(TotalEnergies, 6.Oct.2023) — During the inauguration of TotalEnergies’ fifth 100% electric service station in France (Relais Garibaldi in Lyon), Chairman and Chief Executive Officer Patrick Pouyanné announced that the company has now installed and operates more than 1,000 high-power chargers (HPC) for electrical vehicles nationwide. This significant milestone in electric mobility makes TotalEnergies […]

ADNOC Inks Deals with 30 Companies for Local Manufacturing Opportunities

(ADNOC, 5.Oct.2023) — ADNOC announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking […]

ADNOC Partners with EDGE to Use UAE-made Drones to Minimize Emissions

(ADNOC, 5.Oct.2023) — ADNOC announced a partnership with EDGE Group PJSC, one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations. EDGE’s autonomous systems arm, ADASI, will repurpose its existing UAVs […]

APA Reveals 3Q:23 Guidance, Schedules Results Conference Call

(APA, 5.Oct.2023) — APA Corporation (Nasdaq: APA) provided supplemental information regarding certain third-quarter 2023 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2023. It is provided to assist investors, analysts, and others in formulating […]

Hyundai Electric Vehicles to Add North American Charging Standard

(Hyundai, 5.Oct.2023) — Hyundai Motor North America is adopting North American Charging Standard (NACS) ports for its electric vehicles (EVs) in the United States and Canada. In the United States, all-new or refreshed Hyundai EVs will come exclusively with a NACS port, beginning in Q4 2024. Canada will follow in the first half of 2025. Hyundai […]

New Gold Reports Strong 3Q:23 Operational Results

(New Gold, 5.Oct.2023) — New Gold Inc. (TSX: NGD) (NYSE American: NGD) reports third quarter operational results for the company as of 30 September 2023. The company is also providing notice that it will release its third quarter 2023 financial results after market close on Wednesday, 25 October 2023. The company will […]

Saipem Awarded Contract by ADNOC Worth $4.1bn

(Saipem, 5.Oct.2023) — Saipem, in consortium with National Petroleum Construction Company (NPCC), signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem’s share of the contract amounts to around $4.1bn. The project […]

TotalEnergies Sells Remaining Upstream Canadian Assets

(TotalEnergies, 4.Oct.2023) — TotalEnergies EP Canada Ltd. finalized the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream commitments. The transaction, for a base amount of C$4.03bn (about US$3bn) plus up to C$440mn (about US$330mn) in contingent payments, has an effective date on […]

Africa Oil Announces Strategic Hires

(Africa Oil Corp., 4.Oct.2023) — Africa Oil Corp. announced the strategic recruitment of two highly-experienced energy executives to strengthen its leadership team. Dr Oliver Quinn has been appointed Senior Vice President of Corporate Development and joins the company from Kosmos Energy. Ms. Joanna Kay has been appointed General Counsel and Corporate Secretary and joins […]

SKF Inaugurates Factory in Monterrey, Mexico

(SKF, 4.Oct.2023) — SKF inaugurated its new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700mn. This will support SKF’s strategic development in the Americas and meet customer needs as focus on electrification increases. The investments are also an important step in SKF’s ongoing Automotive portfolio re-positioning towards the electric […]

Suncor to Buy TotalEnergies’ Canadian Operations for $1.468bn

(Suncor, 4.Oct.2023) — Suncor Energy (TSX: SU) (NYSE: SU) agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project for $1.468bn. The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved […]

NGC, PLNL Ink New Gas Sales Deal

(NGC, 4.Oct.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Point Lisas Nitrogen Limited (PLNL) have successfully concluded negotiations for the execution of a Gas Sales Contract (GSC) to govern the sale of natural gas to PLNL and represents a critical step forward for both companies […]

Altera Awarded Contracts with Eni for Baleine Field

(Altera, 3.Oct.2023) — Altera Infrastructure has been awarded contracts for redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Côte d’Ivoire. The vessels are set for deployment on the Baleine field with a 15-year firm contract. The development of the […]

TotalEnergies and Borealis Start Up Baystar JV Polyethylene Unit

(TotalEnergies, 3.Oct.2023) — TotalEnergies and Borealis celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar® polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Bayport, Texas. The new USD 1.4 billion unit completes the partners’ integrated petrochemicals venture, which includes […]

CGG Releases New GeoVerse Carbon Storage Study for Gulf of Mexico

(CGG, 3.Oct.2023) — CGG announced the delivery of the eastern phase of its GeoVerse™ Carbon Storage Gulf of Mexico Study and commencement of the westward extension of the study. Both phases of the project, supported by industry funding, are available for license now with final products for the westward expansion […]

TotalEnergies Inks New Long-term Solar Supply Deal with Saint-Gobain

(TotalEnergies, 3.Oct.2023) — TotalEnergies signed a new 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain. This is the second long-term solar power supply agreement designed to help decarbonize the power consumption of the building materials company’s 125 industrial sites in North America. By signing this PPA with Saint-Gobain, TotalEnergies is […]

APA Corporation Reduces Methane Emissions

(APA, 3.Oct.2023) — APA Corporation (Nasdaq: APA) announced the achievement of an environmental, social and governance (ESG) goal to convert more than 2,000 pneumatic devices to instrument air or through-valve retrofit in its U.S. operations. The goal was reached three months ahead of schedule, and results in an estimated annualized […]

ADNOC and Occidental to Advance Direct Air Capture Project in the UAE

(ADNOC, 3.Oct.2023) — ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]

Oxy, ADNOC to Commence Study of a DAC Facility in the UAE

(Oxy, 3.Oct.2023) — Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]

Ecopetrol Appoints Senior Management, Legal Representation

(Ecopetrol, 2.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) informs that the Board of Directors, in its meeting on 29 September 2023, made the following appointments: Germán González Reyes as Vice President of Corporate Affairs and General Secretary, effective immediately. He has been in charge of this vice presidency since 5 July 2023. He […]

Parex Comments on Production Strategy [PDF Download]

(Energy Analytics Institute, 30.Sep.2023) — Parex Resources said in late Sep. 2023 that its production strategy and approach were focused on three key things. First, minimizing decline rates and maximizing net present value; Second, enhanced oil recovery (EOR) and leveraging horizontal drilling, waterflood injection and gas reinjection; and Third, unlocking […]

EAI’s NRGBriefs: Sep. 2023

(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]

Petrobras and Vale Ink Deal to Develop Low-Carbon Solutions

(Petrobras, 28.Sep.2023) — Petrobras signed a memorandum of understanding with Vale for the development of low-carbon solutions, taking advantage of the technical expertise and synergies of the two companies. The partnership will last for two years and will assess joint decarbonization opportunities, including the development of sustainable fuel initiatives – […]

Aramco Enters LNG Business by Buying Interest in MidOcean Energy

(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. MidOcean is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy […]

TotalEnergies Acquires Ombrea and Creates a Center of Expertise for Agrivoltaics

(TotalEnergies, 28.Sep.2023) — TotalEnergies has finalized the acquisition of France’s agrivoltaics leader Ombrea. Ombrea was founded in 2016. It has built ten sites and studied around fifty crop varieties, to develop unique expertise and innovative solutions that optimize the synergies between agricultural production and green electricity generation. By integrating Ombrea’s teams […]

New Offshore Colombian Developments Face Challenges: WoodMac

(WoodMac, 28.Sep.2023) — Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability and required infrastructure investments all make the situation uncertain, according to a recent report from Wood Mackenzie. The report finds that […]

Aramco Enters Global LNG Business with $500mn Stake in MidOcean Energy

(Aramco, 28.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. Highlights: Aramco agrees to acquire a strategic minority stake in MidOcean Energy for $500mn, with option to increase size of shareholding […]

Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana

(Reuters, 28.Sep.2023) — U.S. oil producers Exxon Mobil (XOM.N) and Hess Corp (HES.N) have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing exploration results. The exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 billion barrels of oil […]

Nucor and Helion to Develop 500 MW Fusion Power Plant [PDF Download]

(Nucor, 27.Sep.2023) — Today, Nucor Corporation (NYSE: NUE) announced a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are working together to set a firm timeline and […]

Enbridge Gas Announces New Capacity Open Season for C1 Transportation Service

(Enbridge, 27.Sep.2023) — Enbridge Gas is holding a new capacity open season for C1 firm transportation service of up to 317,000 GJ/d beginning on 1 Nov. 2026, for a minimum five-year term along the following the Dawn (Facilities) to Dawn (Vector) transportation path. The Enbridge Gas Dawn Parkway System is one of […]

Tania Ortiz Mena Appointed President of Sempra Infrastructure

(Sempra, 27.Sep.2023) — Sempra Infrastructure, a subsidiary of Sempra, announced that Tania Ortiz Mena has been appointed president of Sempra Infrastructure. In this role, Ortiz Mena will lead the company’s three business lines – clean power, energy networks, and LNG and net-zero solutions. Ortiz Mena most recently served as group president of clean power and energy networks […]

Talos Energy Completes Mexico Transaction with Grupo Carso

(Talos, 27.Sep.2023) — Talos Energy Inc. (NYSE: TALO) and its Mexican subsidiary Talos Mexico announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos […]

CGG Starts Côte d’Ivoire Reimaging Project near Baleine Field

(CGG, 27.Sep.2023) — CGG announced the start of a major new multi-client 3D PSDM reimaging program in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding. The 6,400 sq km reimaged seismic data set near the recent […]

Equinor and OMV Agree to New Long-term Gas Sales Deal

(Equinor, 27.Sep.2023) — Equinor has signed a new long-term gas sales agreement with Austria’s major energy company OMV. The agreement is for 5 years starting 1 October this year and with an annual volume of 12 TWh. The gas will be delivered at Germany’s virtual trading hub THE (Trading Hub […]

Rosebank Field to Progress in the UK [Video]

(Equinor, 27.Sep.2023) — Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing $3.8bn. The North Sea Transition Authority (NSTA) granted consent for the development of the field on 27 September. “Developing the Rosebank field […]

TotalEnergies Issues Strategy & Outlook 2023 [PDF Download]

(TotalEnergies, 27.Sep.2023) — France’s TotalEnergies released its ‘2023 Strategy & Outlook’ report, which highlights themes around “more energy, less emissions, growing cash flow.” ____________________

Port of Corpus Christi Ship Channel Improvement Project Advances to Final Phase

(Port of Corpus Christi, 26.Sep.2023) — The U.S. Army Corps of Engineers (USACE) has awarded the fourth and final contract of the Port of Corpus Christi Ship Channel Improvement Project (CIP) to Callan Marine, Ltd., signaling the conclusion of a national infrastructure initiative that will render the ship channel the […]

Over 40 Ministers and 120 CEOs to Address Energy Transition at ADIPEC 2023

(ADIPEC, 26.Sep.2023) — More than 40 ministers and 120 leading energy industry executives from across the world, will come together in Abu Dhabi for ADIPEC 2023, where they will demonstrate progress, share strategies and spark innovative solutions needed to accelerate decarbonisation and the energy transition. Hosted by ADNOC, ADIPEC 2023 is the […]

Vista Investor Day 2023 Presentation [PDF Download]

(Energy Analytics Institute, 26.Sep.2023) — Vista Energy provided an update on its assets in Argentina and Mexico during its 26 Sep. 2023 investor day. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.

bp Inks MOU with Subsea Integration Alliance

(bp, 25.Sep.2023) — bp has signed a Memorandum of Understanding (MoU) with Subsea Integration Alliance aimed at developing a framework to enhance subsea project performance. The agreement with the Alliance, which comprises Subsea7 and OneSubsea™, an SLB company, will combine the three companies’ skills, knowledge and experience across a global […]

Chevron Readies New Oil Drilling Push in Venezuela to Boost Output

(Reuters, 25.Sep.2023) — Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington allowed it to restore production clipped by U.S. sanctions, three people familiar with the matter said. The effort […]

Mexico’s First LNG Plant to Receive Final Piece in Days

(Reuters, 22.Sep.2023) — The last major piece of infrastructure needed to start production at Mexico’s first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NFE.O) is planning to begin […]

Tecpetrol Reveals Best and Final Offer Price

(Tecpetrol, 22.Sep.2023) — Tecpetrol Investments S.L., a member of the Techint Group, announced has increased its all-cash offer (the “Offer“) to acquire all of the issued and outstanding common shares of Alpha Lithium Corporation (“Alpha” or the “Company“) to C$1.48 per share and has reduced the two-thirds minimum tender condition of the […]

Orex Announces Share Consolidation

(Orex Minerals, 22.Sep.2023) — Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) announced that, effective 27 September 2023, the company will consolidate its issued and outstanding common shares at a ratio of ten (10) pre-consolidation shares to one (1) post-consolidation share. The reasons for the consolidation are to increase the company’s flexibility and […]