ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Chesapeake Achieves Grade “A” MIQ

(Chesapeake, 17.Jul.2023) — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that it has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet (bcf) of gross natural gas per day during the first quarter of 2023. The company received a grade A […]

TotalEnergies, Aramco and SABIC Process Oil from Plastic Waste

(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by […]

Tethys Provides Oman Production Update June 2023

(Tethys Oil, 17.Jul.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in June 2023 amounted to 262,861 barrels of oil, corresponding to 8,762 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the […]

Shell Signs 12-Year Deal to Supply Morocco with LNG

(Morocco World News, 14.Jul.2023 ) — has entered into a 12-year agreement to provide the country with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) annually. The deal was signed by the National Electricity and Drinking Water Office (ONEE) and Shell and it aims to support Morocco’s energy needs […]

Wintershall Dea Spuds Bergknapp Discovery Well

(Energy Analytics Institute, 13.Jul.2023) ) — Wintershall Dea spud an appraisal well at the Bergknapp discovery in the Norwegian Sea. With estimated resources of between 38 MMboe and 72 MMboe in the Garn and Tilje formations, the discovery is one of the biggest in Norway this decade. “The appraisal will test if it could […]

ExxonMobil Reveals $4.9bn Purchase of Denbury

(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]

NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]

(NextDecade, 12.Jul.2023) — NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]

Africa
Ghana

Tullow’s Provides Operations Update

(Tullow, 12.Jul.2023) — Tullow issues the following statement in advance of the Group’s 2023 Half Year Results scheduled for 13 September 2023. The information contained herein has not been audited and may be subject to further review and amendment. Rahul Dhir, Chief Executive Officer of Tullow, commented today: “This is an exciting […]

Petro Victory Energy Corp Appoints New COO

(Petro-Victory, 11.Jul.2023) — Petro-Victory Energy Corp. (TSXV: VRY) announced the appointment of Mr. Andre Naslausky as Chief Operating Officer. With a distinguished international career in the oil and gas industry, Mr. Naslausky has consistently demonstrated his ability to drive profitable growth and operational excellence. Highlights Former Vice President of Schlumberger […]

Europe
Italy

Shipowners’ Associations and Eni to Decarbonize Maritime Sector

(Eni, 11.Jul.2023) — Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration withAssarmatori and Confitarma as well as three of the largest companies in the maritime sector (Wärtsilä, WinGD and MAN Energy Solutions) and Unem, Federchimica/Assogasliquidi, Assocostieri and RINA. The contributors oversaw the work of […]

Technip and LanzaTech Join Forces on CO2-to-Ethylene

(Technip Energies, 11.Jul.2023) — Technip Energies and LanzaTech Global, Inc. signed a joint collaboration agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals. Ethylene is a building block […]

Rio Grande Valley LNG Projects Hit with Legal Lawsuits

(Sierra Club, 11.Jul.2023) — Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]

Norway Reports Largest Hydrocarbon Find in a Decade

(DNO ASA, 10.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources […]

Dominion Energy to Divest Remaining Interest in Cove Point

(Dominion Energy, 10.Jul.2023) — Dominion Energy (NYSE: D) concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the facility and owns a 100% general partner and 25% limited partner […]

Argentina Inaugurates Gas Pipeline to Reverse Energy Deficit

(Reuters, 9.Jul.2023) — Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country’s significant energy deficit. Vaca Muerta, a […]

Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors

(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to pay creditors with claims on the nation’s foreign assets. Venezuela is battling in U.S. court against bondholders and creditors claiming more than $20 billion from […]

Ecopetrol on Prepayment of Notes Maturing in Sep. 2023 [PDF Download]

(Ecopetrol, 7.Jul.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), as part of its comprehensive debt management, will redeem (make whole) the remaining amount of its international notes maturing in September 2023, which were issued in 2013. The outstanding principal amount of the notes is $821.5mn with a coupon rate of 5.875% (CUSIP: 279158 AC3 / ISIN: […]

Welligence Reveals LNG Outlook to 2030

(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]

Asia
India

Reliance and bp Start Production from KG D6 Block

(Reliance Industries, 6.Jul.2023) — Reliance Industries Limited (RIL) and bp p.l.c. confirmed the commencement of production from the MJ field, following testing and commissioning activities. The MJ field represents the last of three major new deepwater developments the RIL-bp consortium have brought into production in block KG D6 off the east […]

Baker Hughes to Supply Three Trains for Rio Grande LNG

(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]

Desert Mountain on Closing of Initial New Mexico Project

(Desert Mountain Energy Corp., 6.Jul.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has closed on the purchase of the West Pecos Slope Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The company has assumed operations and the revenue stream from the existing wells. […]

Financing Energy Transition Needs Collective Action

(Boston Consulting Group, 6.Jul.2023) — Boston Consulting Group’s Rebecca Fitz talks about why financing the energy transition will take a collective action. BCG: When it comes to climate investment, what is the gap between what we need to spend and what is actually being invested? Rebecca Fitz: Most of the analysis on […]

Apex Group on Launch of Argento Energy Fund

(Apex Group, 6.Jul.2023) — Apex Group Ltd., a global financial services provider, appointed BTC Investment Group to deliver fund services to its Argento Energy Fund LP. Argento Energy Fund was launched by the family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a […]

bp Expands Investment in Bioenergy

(bp, 6.Jul.2023) — bp expanded its investment in bioenergy today as bp ventures committed $10mn, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol. Highlights: bp invests $10mn […]

PetroTal Reveals Record Production in 2Q:23

(PetroTal, 6.Jul.2023) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announce the following operational and corporate update. Record Q2 2023 Production PetroTal achieved a record production of 19,031 barrels of oil per day (bopd) in Q2 2023. This was underpinned by robust production from the company’s newly drilled 15H well and […]

SLB Awarded Contract for Petrobras’ Digital Transformation

(SLB, 6.Jul.2023) — SLB (NYSE: SLB) has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents […]

Asia
India

TGS Reveals Seismic Project in West Coast India

(TGS, 6.Jul.2023) — TGS, a provider of energy data and intelligence, announced an extensive West Coast India seismic processing project that complements the India East Coast 2D-cubed project from 2022. The project encompasses all available 2D seismic data across over three-quarters of a million square kilometers offshore India’s west coast. TGS will […]

Expro Reveals Contract for Advance Subsea Technology

(Expro, 5.Jul.2023) — Energy services provider Expro (NYSE: XPRO) has secured a contract with a major operator for the first deployment of its unique and industry-leading single shear and seal high-debris 15K ball valve assembly. The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being designed by […]

Bunge, Chevron Acquire Argentina’s Chacraservicios

(Bunge, 5.Jul.2023) — Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source in Bunge and Chevron’s global supply chains and will help both companies meet the growing demand for […]

Mexico Pacific and Zhejiang Ink Long-Term LNG SPA

(Mexico Pacific, 5.Jul.2023) — Zhejiang Energy International Limited and Mexico Pacific Limited signed a sales and purchase agreement for Zhejiang Energy to offtake 1.0 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.Under the sales […]

Third Coast Buys ArcLight Interest in Perdido Platform

(Third Coast, 5.Jul.2023) — Third Coast Super Holdings, LLC announced a subsidiary has successfully acquired an indirect 26.5% non-operated interest in the Perdido Regional Host from a subsidiary of ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners, LLC (“ArcLight”). Perdido is a spar platform located in […]

OMV Secures Additional Gas Transport Capacities Until 2028

(OMV, 5.Jul.2023) — OMV secured additional European gas transport capacities to Austria. In this year’s annual auction, OMV was awarded capacities of around 40 TWh p.a. for the period between October 2023 to September 2026, and around 20 TWh p.a. for the period between October 2026 to September 2028. The border […]

RPC Acquires Spinnaker Oilwell Services for $79.5mn

(RPC, 30.Jun.2023) — RPC, Inc. (NYSE: RES) announced the acquisition, effective 1 July 2023, of Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services in the Permian and Mid-Continent basins. Spinnaker, headquartered in Oklahoma City, OK, operates two facilities located in El Reno, OK and Hobbs, NM and maintains 18 full-service cementing spreads. The purchase price was $79.5mn in […]

Ecopetrol Names Reyes Interim VP of Corporate Affairs

(Ecopetrol, 30.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) appointed Germán González Reyes as acting Vice President of Corporate Affairs and Secretary General, effective from 5 July 2023 and until the appointment of a new Vice President of Corporate Affairs and Secretary General. Germán González Reyes is a lawyer with a specialization in Socioeconomics from […]

EAI’s NRGBriefs: Jun. 2023

(Energy Analytics Institute, 30.Jun.2023) — Energy briefs as well as others related to finance and projects during June 2023 including YPF and Petronas updating on their joint plans to develop a 25 MTPA LNG facility in Argentina; Caterpillar Inc. saying its chief legal officer and general counsel Suzette M. Long will retire […]

Oz Lithium Crew on Site at Laguna Santa Maria Argentina

(Oz Lithium, 29.Jun.2023) — Oz Lithium Corporation (CSE: OZLI) (OTC: GRXXF) (Frankfurt: G0A) said evaluation work has begun at the Laguna Santa Maria Project, located in the northwest territory of the Province of Salta, Argentina. The project is fully permitted and licensed for the production of sodium carbonate, commonly referred to as soda ash, and […]

NextDecade Reveals FID Timing for Rio Grande LNG

(NextDecade, 29.Jun.2023) — NextDecade Corporation (NASDAQ: NEXT) announced that Rio Grande LNG (RGLNG) has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Phase 1) at the Rio […]

NGC Acquires Heritage Petroleum’s Upstream Assets

(NGC, 29.Jun.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) deepened its presence and participation along the local natural gas value chain, with its latest acquisition of shareholdings in several upstream gas assets. Following the execution of a Sales and Purchase Agreement in July 2021, NGC E&P Investments […]

Sempra Commemorates 25 Years of Innovation and Safety

(Sempra, 29.Jun.2023) — Sempra (NYSE: SRE) (BMV: SRE) begins its 25th year of business, marking a quarter century of continued performance and progress toward its mission to be North America’s premier energy infrastructure company. “Over the past 25 years, we have been connecting people to safer, more reliable and cleaner energy sources, empowering communities and providing value […]

Ecopetrol Issues $1.5bn in Bonds [PDF Download]

(Ecopetrol, 29.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced that, as part of its refinancing strategy and financing of the 2023 investment plan, it successfully placed External Public Debt Bonds in the international capital market, based on the authorization issued by the Ministry of Finance and Public Credit through Resolution 1592 of 28 June […]

CGX and Frontera Find 210 Feet of Hydrocarbon-Bearing Sands in Guyana

(Frontera, 28.Jun.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, are excited to announce today that the Joint Venture has discovered oil at the Wei-1 […]

INEOS Energy Charters Two LNG Carriers

(INEOS Energy, 27.Jun.2023) — INEOS Energy Trading signed agreements with Mitsui O.S.K. Lines (MOL) for two new build LNG carriers, to be used for the import of LNG into Germany from the United States. Highlights — The agreements mark INEOS’ entry into the LNG carrier market. — Both vessels have […]

TotalEnergies Named Most-admired Explorer by WoodMac

(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies has received […]

Can We Bury Carbon? [VIDEO]

(OMW, 27.Jun.2023) — What if we could mitigate the effects of global warming by trapping greenhouse gases at their source and putting them deep underground so they never get into the atmosphere? Well, it turns out we can. The technology is called Carbon Capture and Storage (CCS). Olivier Point, geoscientist and senior […]

Guyana not interested in joining OPEC, VP says

(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. Guyana – which has become one of fastest growing crude-oil producers […]

PDV Holding Recovers Citgo Stock Certificate

(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding Inc. from an arm of Russian-controlled oil company Rosneft on Wednesday, 21 June 2023. This event brings to a close years of effort to recover […]

Cheniere and ENN Sign Long-Term LNG SPA

(Cheniere, 26.Jun.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. Under the SPA, ENN LNG […]

Maxeon Solar Ribbon Cutting Ceremony in Mexicali

(Maxeon Solar, 26.Jun.2023) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) hosted a ribbon cutting event in its recently expanded and renovated manufacturing plant in Mexicali, Baja California, Mexico. Maxeon was honored to welcome the Governor of the State, Marina del Pilar Ávila Olmeda, among other distinguished guests. Leadership members of Maxeon hosted the celebration. For […]

enCore Energy Reveals At-The-Market Offering

(enCore Energy, 26.Jun.2023) — enCore Energy Corp. (NYSE American: EU) (TSXV: EU) announces that it has entered into a Controlled Equity OfferingSM Sales Agreement dated as of 26 June 2023 with Cantor Fitzgerald Canada Corporation and Cantor Fitzgerald & Co. (together, the “Lead Agents“), and Canaccord Genuity Corp., Canaccord Genuity LLC, Haywood Securities Inc., PI Financial […]

Vehya and Utilimaster Extend EV Installations into Mexico

(Vehya, 26.Jun.2023) — Vehya, the dedicated marketplace platform for Electric Vehicle Supply Equipment (EVSE), announces a strategic partnership with Utilimaster, a go-to-market brand of The Shyft Group’s Fleet Vehicles & Services business unit, and Stellantis N.V., a automaker and mobility provider, as they expand their services into Mexico. Building on their ongoing […]