(Sustainable Energy for All, 22.Sep.2023) — His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York. The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem. It details a […]
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.
Southern Power Acquires Millers Branch Solar Facility
(Southern Power, 21.Sep.2023) — Southern Power, an U.S. wholesale energy provider and subsidiary of Southern Company, announced the acquisition of its 29th solar project — Millers Branch Solar Facility — from EDF Renewables. The 200-megawatt (MW) facility is currently in the early stages of development and has the potential to […]
PNM Agreement for San Juan Credits Approved
(PNM Resources, 21.Sep.2023) — Today the New Mexico Public Regulation Commission (NMPRC) approved the unanimous settlement agreement reached by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico’s Energy Transition Act. […]
Energy Chamber Welcomes Deal to Work on Dragon Field
(Energy Chamber, 21.Sep.2023) — The Energy Chamber is extremely pleased to hear the news that Trinidad & Tobago and Venezuela have signed an agreement to work on the Dragon field in Venezuelan waters. The Energy Chamber congratulates the Government of Trinidad & Tobago for delivering this agreement, and in particular […]
Petrobras on Declaration of Commerciality in Campos Basin Pre-salt
(Petrobras, 21.Sep.2023) — Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on 20 September 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. […]
Eni Extends Support to Libya Following Floods
(Eni, 20.Sep.2023) — Following the devastating floods that have hit Libya last week as a result of storm Daniel, Eni, in cooperation with the Libyan National Oil Corporation (NOC)’s emergency committee, has mobilized the provision of supplies, rescue teams, and critical equipment to support the people affected by the disaster. […]
TotalEnergies and European Energy to Partner on Renewable Projects
(TotalEnergies, 20.Sep.2023) — TotalEnergies and European Energy have agreed to jointly develop, build and operate in a 65/35 joint-venture at least 4 GW of onshore renewable projects in multiple geographies. The partnership aims to leverage both parties’ strengths: TotalEnergies brings its strong experience in the construction and operation of large-scale […]
TotalEnergies to Invest in New 1,050 MWac Renewable Portfolio JV
(TotalEnergies, 20.Sep.2023) — TotalEnergies and Adani Green Energy Limited (AGEL) have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL, with a 1,050 MWac (1400 MWp) portfolio. This portfolio will comprise of a mix of already operational (300 MWac), under construction (500 MWac) […]
TotalEnergies to Build Plastic Recycling Unit
(TotalEnergies, 20.Sep.2023) — TotalEnergies announced the building of a new mechanical recycling unit for plastic waste at its Grandpuits site southeast of Paris. This new investment follows those announced in June 2023 — the doubling of sustainable aviation fuel (SAF) production and construction of a biomethane production unit — in […]
Coherix Technology Improves EV Battery Quality While Reducing Cost
(Coherix, 20.Sep.2023) — Michigan-based Coherix is developing quality-control technology that can improve EV-battery safety, service life and quality while reducing production costs. The company has pioneered the development of 3D machine vision, artificial intelligence and proprietary process-control software to manage critically important processes to seal battery cases and covers in […]
Scotia and RAND Europe Convene a Historic Framing Session
(The Scotia Group, 20.Sep.2023) — A High-Level UNGA consultative session on international finance and energy transition diplomacy, which included sitting and former Heads of State and Government, as well as experts from the RAND Corporation and members of the Scotia Group, was convened on 18 September 2023 by international mediation and energy law […]
WGC2023 Publishes Beijing Declaration
(Sinopec, 20.Sep.2023) — The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world’s first geothermal industry standards (the “Standards”) and Beijing Declaration during the closing ceremony in Beijing. The release of the Standard and Beijing Declaration is defining the principles and adding momentum to the sustainable, […]
Trinidad and Venezuela Ink Gas-Related Deal
(Energy Analytics Institute, 20.Sep.2023) — The governments of Trinidad and Tobago and Venezuela signed a deal related to energy and bilateral trade. “As good neighbors and brothers, we have taken a gigantic step! With the signing of the agreement to work the Dragon field in Venezuelan waters that will lead […]
Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits
(Bloomberg, 20.Sep.2023) — President Nicolás Maduro said Venezuela and Trinidad and Tobago have signed a profit-sharing agreement to export gas from the PDVSA-owned Dragon offshore project. The project, which was halted in 2020 due to US sanctions, entails using a field in Venezuelan waters to produce natural gas, which would […]
Petrobras on Payment of Remuneration to Shareholders
(Petrobras, 20.Sep.2023) — Petrobras, following up on the Material Fact of 11 May 2023, informs that it will pay today the second installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$0.946789 per common and preferred share in the […]
Sungrow Inks 60MW/132MWh Energy Storage Contract in Chile
(Sungrow, 19.Sep.2023) — Sungrow, the global inverter and energy storage system supplier, signed a contract with the Investment Fund WEG-4 to supply 60MW/132MWh of its liquid cooled energy storage system (ESS) solution, the PowerTitan to Chile. This project, located within the 72.8MW Maria Elena Solar Park in Antofagasta, Chile, will enhance the […]
Equinor: Johan Castberg Project Update
(Equinor, 19.Sep.2023) — The Johan Castberg partnership, consisting of Equinor, VĂĄr Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13bn since last year. Our plan for production start in the fourth quarter of 2024 remains unchanged. “Costs are increasing due […]
More Gas From Gina Krog with Eirin
(Equinor, 19.Sep.2023) — On behalf of the partnership, Equinor has submitted a plan for development and operation (PDO) of the Eirin gas field to the Ministry of Petroleum and Energy. Recoverable reserves in the field are estimated at 27.6 million barrels of oil equivalent, most of which is gas. The […]
Final Results of Takeover Bid on Exmar NV
(Exmar, 19.Sep.2023) — The reopening of the acceptance period of the voluntary public takeover bid launched by Saverex NV (the “Bidder”) for all shares and share options issued by Exmar NV (“Exmar” or the “Target”) not already owned by it or persons affiliated with it (the “Bid”) ended on Friday […]
Kate Thomson Appointed as bp Interim CFO
(bp, 19.Sep.2023) — bp today announced that Kate Thomson has been appointed interim chief financial officer. Her appointment follows the appointment last week of Murray Auchincloss as bp’s interim chief executive officer. Kate is currently bp’s senior vice president, finance for production & operations, responsible for the financial stewardship of […]
Silver Valley Metals Provides Corporate Update
(Silver Valley Metals, 18.Sep.2023) — Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF), a brownfield exploration company with two potential high impact projects that comprise silver-zinc-lead located in north Idaho, USA and lithium – potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico respectively, is pleased to provide a corporate update for both of its […]
BMO Donates $3mn to Provide Solar Energy Solutions for Low-Income Families
(BMO, 18.Sep.2023) — BMO announced a $3mn donation in support of GRID Alternative’s (GRID) low-to-no cost solar energy systems and storage, clean mobility, and job training programs for underserved and unserved families throughout California, Colorado, and Native communities in the western United States. GRID, the nation’s leading nonprofit solar installer, partners with organizations to build community-powered […]
Venezuela: On the Exercise of Hydrocarbon Extraction Activities
(Contributor, Adaelizabeth Omaira Guerrero RodrĂguez, 18.Sep.2023) — The hydrocarbons industry constitutes the main resource of Venezuela, therefore, the study of this area should be the main interest of Venezuelans, in order to be able to make the most accurate decisions on the appropriate legal regime for its exploitation. State control […]
Petrobras Clarifies News on Braskem
(Petrobras, 18.Sep.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in […]
EQT Inks 15-Year Tolling Agreement with Commonwealth LNG
(EQT, 18.Sep.2023) — EQT Corporation (NYSE: EQT) has entered into a Heads of Agreement (HOA) for liquefaction services from Commonwealth LNG‘s facility in Cameron, Louisiana to produce 1 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation of a definitive agreement between the […]
TotalEnergies Mobilized to Support the People of Libya
(TotalEnergies, 18.Sep.2023) — Following the devastating floods in Libya last week, TotalEnergies answered Libya’s National Oil Corporation’s call for support from the very first hours of the tragedy. The Company mobilized land and air logistical resources to provide emergency aid for the thousands of people affected by the disaster in […]
Brazil Calls on Rich Nations to Pay for Global Energy Transition
(Bloomberg, 17.Sep.2023) — Brazil is calling on wealthy nations to pay for the world’s transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries “cannot finance an energy transition in the mold of Europe and the US,” and […]
Aramco Enters South American Retail Market with Esmax Acquisition
(Aramco, 15.Sep.2023) — Aramco, one of the world’s leading integrated energy and chemicals companies, has agreed to purchase a 100% equity stake in Esmax DistribusciĂłn SpA from Southern Cross Group, a Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals. Esmax is a leading […]
Hess Announces Collector’s Edition Ocean Explorer, Now On Sale
(Hess, 15.Sep.2023) — Hess Corporation announced that the special limited Collector’s Edition Ocean Explorer toy, commemorating Hess Corporation’s 90th anniversary, is now on sale exclusively at HessToyTruck.com for $59.99 with free standard shipping and Energizer® batteries included. This highly limited edition is the third in the Collector’s Series and salutes Hess’ proud history — from the […]
Petrobras Updates on Offshore Wind Protocol at IBAMA
(Petrobras, 15.Sep.2023) — Petrobras, following up on the release disclosed to the market on 13 September 2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability […]
Eni UK Reveals Award of Second UK CO2 Storage License
(Eni, 15.Sep.2023) — Eni announces that its subsidiary in the United Kingdom (Eni UK) has been awarded a Carbon Dioxide Appraisal and Storage Licence (CS Licence) by the North Sea Transition Authority (NSTA) for the depleted Hewett gas field located 20 km offshore from Bacton, in the Southern North Sea […]
Arena Energy Awarded Seven Blocks in GOM Lease Sale 259
(Arena, 14.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 . Arena was the successful high bidder on seven leases in Lease Sale 259 held […]
Bladex Acts as Joint Arranger for Ecopetrol $1bn Term Loan FacilityÂ
(Ecopetrol, 14.Sep.2023) — Banco Latinoamericano de Comercio Exterior (Bladex) announced the successful closing of a $1bn Term Loan Facility for Ecopetrol S.A. Bladex acted as Joint Lead Arranger and three additional financial institutions joined the facility including Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The funds from the Facility will be […]
Petrobras Comments on RNEST
(Petrobras, 14.Sep.2023) — Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 29 June 2023, the co. decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery – RNEST, after a decision based on a careful […]
Petrobras Inks Deal to Evaluate Renewable Energy Opportunities
(Petrobras, 14.Sep.2023) — Petrobras informs that on 14 September 2023 it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate renewable energy projects in Brazil. The aim is to develop joint studies to study business opportunities in onshore wind, offshore wind, solar and low-carbon hydrogen […]
Aris Starts Trading on NYSE American LLC as “ARMN”
(Aris Mining, 14.Sep.2023) — Aris Mining Corporation’s (TSX: ARIS) (NYSE-A: ARMN) common shares will commence trading on the NYSE American LLC at market open today under the ticker symbol ARMN. Aris Mining’s common shares will continue trading on the TSX under the ticker symbol ARIS. Concurrent with the start of […]
ConocoPhillips Add Long-Term Agreement for European Regas Capacity
(ConocoPhillips, 14.Sep.2023) — ConocoPhillips (NYSE: COP) announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG resource positions in Qatar and Australia, […]
Citgo Petroleum Prices $1.10bn Senior Secured Notes
(Citgo, 14.Sep.2023) — Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended. The closing of the offering is expected to occur on 20 September 2023, subject to customary […]
Petrobras Inks Partnership with WEG for Onshore Wind
(Petrobras, 13.Sep.2023) — Petrobras has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt (MW) onshore wind turbine, the first of this size to be manufactured in Brazil. This project represents an important milestone for Petrobras, as it will […]
APA Corporation and TotalEnergies Launch Block 58 Development Studies
(APA Corporation, 13.Sep.2023) — APA Corporation (Nasdaq: APA) and TotalEnergies have announced the launching of development studies for a large oil project in Block 58, offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA (50%). Successful appraisal of the two main oil discoveries, with […]
Ecopetrol Updates on RefinerĂa de Cartagena and Arbitration Proceeding
(Ecopetrol, 11.Sep.2023) — Ecopetrol issues the following response in relation to the statement on 8 September 2023 by McDermott International regarding its intention to start financial restructuring proceedings for its CB&I subsidiaries in the United Kingdom and the Netherlands, in the aftermath of the arbitral award issued by the International Arbitration Tribunal of the International […]
TotalEnergies Eyes Studies for 200,000 b/d Project in Suriname’s Block 58
(TotalEnergies, 13.Sep.2023) — On the occasion of the meeting held in Paramaribo between Patrick PouyannĂ©, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project […]
Guyana Receives Bids for Eight Blocks, Including from Exxon, Total
(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil majors like Exxon Mobil, Hess Corp and TotalEnergies, the government and documents seen by Reuters showed on Wednesday. The Ministry of Natural Resources confirmed that […]
United to Buy up to One Billion Gallons of SAF from Cemvita
(United/Cemvita, 13.Sep.2023) — Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of sustainable aviation fuel (SAF) from Cemvita’s first full-scale SAF plant. Under the agreement, signed by Cemvita and United Airlines, Cemvita will supply United Airlines up to 50 million gallons annually for 20 years […]
Ecovyst Plans Expansion of Kansas City, KS Silica Catalyst Production Capability
(Ecovyst, 13.Sep.2023) — Ecovyst Inc. announced plans to expand silica catalyst production capability at its manufacturing facility in Kansas City, KS. The company expects that growing consumer demand for plastics will continue to drive the global expansion of polyethylene production over the coming years. Silica supported catalysts play a crucial role […]
Citgo Valued at $32bn-$40bn Ahead of Auction of Shares
(Reuters, 12.Sep.2023) — Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a court official during a hearing in Delaware on Tuesday. The value of the Houston-based refiner was disclosed during the hearing to update a U.S. judge […]
Chevron Acquires Majority Stake in Hydrogen Project in Delta, Utah
(Chevron, 12.Sep.2023) — Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC and thus a majority interest in ACES Delta, LLC, which is a joint venture between Mitsubishi Power Americas, Inc. and Magnum Development. […]
Which Creditors Will Have Priority for Citgo Share Auction?
(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy more than $20 billion in claims by creditors. Dozens of companies and bondholders have flocked to U.S. courts to […]
BP CEO Looney to Resign After Personal Relationships with Colleagues
(Reuters, 12.Sep.2023) — BP CEO Bernard Looney has stepped down after less than four years in office for failing to fully disclose details of past personal relationships with colleagues, the company said on Sept. 12. BP CFO Murray Auchincloss will act as CEO on an interim basis after Looney stepped […]
Aris Mining Reports Record Segovia Gold Production
(Aris Mining, 11.Sep.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces record gold production of 19,406 ounces at its Segovia Operations in Colombia during August 2023, the highest monthly production since the expansion of the Maria Dama processing plant in 2022. This is a result of our efforts in optimization and improvement and represents […]