HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 26.Feb.2025) — Zachry Holdings, Inc. (ZHI) said the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s reorganization plan. As a result, Zachry looks to successfully complete its restructuring and emerge from the court-supervised process in coming weeks, the company […]
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.
Ovintiv Eyes Production of 595,000-615,000 boe/d in 2025 with Montney Leading the Way
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Ovintiv Inc. revealed its full year 2025 capital program of $2.15bn-$2.25bn, which is expected to deliver total production volumes of 595,000-615,000 barrels of oil equivalent per day (boe/d), including oil and condensate volumes of 202,000-208,000 b/d. This compares to average total […]
Petrobras Informs About Shareholder Remuneration
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — The Board of Directors of Petrobras authorized the submission to the Annual General Meeting (AGM), scheduled for 16 Apr. 2025, of the proposal for the distribution of dividends equivalent to R$9.1bn. If approved by the AGM, considering the amounts advanced by […]
Bristow Highlights Headwinds Amid Opportunities in Nigeria, Brazil and Suriname
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment market, and inflationary […]
Bp Resets Business Strategy
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — UK energy giant bp introduced a fundamentally reset strategy, with significant capital reallocation, and plans to drive improved performance, aimed at growing free cash flow, returns and long-term shareholder value. “Today we have fundamentally reset bp’s strategy. We are reducing and […]
Texas’ ExxonMobil Logical Candidate to Buy Targa, According to East Daley
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Texas-based ExxonMobil Corporation is a logical candidate to acquire Targa, as it currently supplies approximately 30% of Targa’s volumes and owns a 27% interest in its Midland system, according to East Daley. The rationale is that Exxon would benefit from Targa’s […]
Venezuela’s Delcy Rodríguez Comments on US Sanctions on Chevron Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — Venezuela’s Executive Vice President and Energy Minister Delcy Rodríguez said the idea of renewed sanctions on Chevron Corporation and its 4 joint venture (JV) subsidiaries in Venezuela was a bad decision. “Today, February 26, the government of the United States […]
Petrobras Eyes 2.5 MMb/d Production Milestone by 2027, CEO Chambriard Says
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 26.Feb.2025) — Petrobras looks to boosts its oil production by 100,000 barrels per day (b/d) as it eyes reaching the milestone of 2.5 million b/d (MMb/d) by 2027. The Rio de Janeiro-based company also looks to boost gas supply to 50 million […]
Sempra Eyes Start-up at ECA LNG Phase 1 in Mexico in Spring 2026, Vista Still in Development
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2025) — Located in Baja California, Energía Costa Azul (ECA) LNG Phase 1 continues to target the start-up of commercial operations in spring 2026, while construction at Port Arthur LNG (PALNG) Phase 1 remains on time and on budget, according to […]
Panama Chamber of Commerce Readies for 5 Events, Including the Int’l Electric Expo
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 25.Feb.2025) — The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) expects to receive 15,000+ visitors at its 5 specialized fairs between 25-27 Mar. 2025 at the Panama Convention Center. The fairs groups EXPOCOMER, EXPO LOGÍSTICA PANAMA, EXPO TURISMO INTERNACIONAL, EXPO […]
Bladex and BTG Pactual Lead New Credit Facility for GeoPark Colombia SAS
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 25.Feb.2025) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and Banco BTG Pactual S.A. – Cayman Branch closed a syndicated committed credit facility for GeoPark Colombia SAS, a subsidiary of Canada-based GeoPark Limited. At year-end 2024, Bladex and BTG Pactual led the […]
bp and Iraq Reach Final Agreement for Kirkuk Oil Field Redevelopment
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — bp reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The agreement […]
Woodside’s Record Output of 530,000 boe/d in 2024 Aided by Sangomar
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — Australia’s Woodside Energy reported record production of 193.9 million barrels of oil equivalent (MMboe), or 530 Mboe/day, for the full year 2024. The result was underpinned by outstanding early production performance at Sangomar offshore Senegal and world-class reliability at operated LNG […]
Quantum Capital’s 30 MTPA Mexico Pacific Project Falls Apart as Originally Envisioned
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 24.Feb.2025) — Quantum Capital Group‘s short-lived love affair with Mexico, or more specifically Mexico Pacific Ltd., has apparently ended. This, without even reaching a final investment decision (FID) for the anchor phase of the proposed 30 million tonnes per annum (MTPA) […]
Treasury’s Bessent Makes Introductory Call with Argentine Finance Minister Luis Caputo
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 23.Feb.2025) — US Treasury secretary Scott Bessent conducted an introductory phone call with Argentine finance minister Luis Caputo. The officials discussed “[Javier] Milei administration’s very impressive reform efforts to reduce inflation, rekindle private sector-led growth, reduce poverty, and increase real wages,” […]
LatAmNRG Heard: Halliburton Argentina Firings, Equinor’ Vaca Muerta Assets
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 21 Feb. 2025. —Argentina: Halliburton said to have fired 300+ workers in Comodoro in Argentina, according to union officials in the South American country. —Argentina: Equinor […]
Ecopetrol to Guarantee Adequate Representation at 28 Mar. 2025 Shareholder Meeting
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 21.Feb.2025) — The Board of Directors of Ecopetrol SA approved implementation of measures aimed at guaranteeing the adequate representation of shareholders at the ordinary general shareholder’s meeting to be held on 28 Mar. 2025. The measures comply with the provisions of Part […]
Goldman Sachs Notifies Brava Energia of Change in Equity Interest
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — Goldman Sachs & Co. LLC notified Brava Energy SA about a change in its position denominated in the company’s common shares. On 20 Feb. 2025, Goldman Sachs said in aggregate it had a stake, through cash settled derivatives, equivalent to 22,845,939 […]
Ecopetrol Reports 104% Reserves Replacement in 2024, Average Reserve Life of 7.6 Years
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Bogotá-based Ecopetrol SA boosted its net proven crude oil, natural gas and condensates reserves (1P reserves) to 1,893 million barrels of oil equivalent (MMboe) at year end 2024, up 10 MMboe compared to 2023. The company’s reserve replacement ratio was […]
Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]
Greenwave Technology Not Looking to Raise Capital for Now
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — Greenwave Technology Solutions, Inc., despite receiving numerous inquiries from investors, has no immediate plans to raise capital. Greenwave currently has $10mn in cash and current inventories of $7mn, the company said 21 Feb. 2025 in an official statement. This, as scrap […]
PDVSA Returns to Buying Light Oil: Reuters Says
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Petróleos de Venezuela S.A. (PDVSA) has reportedly resumed its purchases of light crude oil abroad, according to a Reuters report. This, as the state-owned company’s production of light and medium grade crude oils declines, the news agency reported on 20 […]
Sheinbaum Comments on Mexico’s Just Energy Plan for Durango
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 20.Feb.2025) — Under Plan Mexico, president Claudia Sheinbaum Pardo said her government was pursuing a fair energy policy to benefit the country’s citizens, including those in Durango. “There are communities that do not have access to electricity in Durango and as part […]
Pan Global Eyes Testing 5 New Targets at Escacena in Southern Spain
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 20.Feb.2025) — Pan Global Resources Inc. said that at the high-priority Bravo target at it 100%-owned copper, tin, gold, silver Escacena project in southern Spain that the planned induced polarization (IP) survey has been completed following several weather interruptions. The IP survey results […]
Equinor Engages Bank of America to Divest Vaca Muerta Participation
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Equinor has reportedly engaged Bank of America to assist the Nordic company with the divestment of its participation in the Bandurria Sur and Bajo del Toro Norte areas in Argentina. The 2 blocks are located in the prolific Vaca Muerta […]
Excelerate Announces Class A Common Stock $0.06/share Dividend
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — The Board of Directors of Excelerate Energy, Inc. declared a quarterly cash dividend with respect to the quarter ended 31 Dec. 2024 of $0.06 per share of Class A common stock. The dividend is payable on 27 Mar. 2025 to Class […]
Petrobras Inks Deals with Banco do Brasil Including R$6.5bn Export Credit Notes
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras signed 3 agreements with Banco do Brasil including export notes, a revolving credit facility and a Letter of Intent (LOI). Petrobras contracted 2 Export Credit Notes (ECN) with sustainability commitments, 1 valued at R$3.5bn and the other at R$3bn, […]
Petrobras Announces Resignation of Marcelo Gasparino da Silva from BODs
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras received the resignation letter of Marcelo Gasparino da Silva who announced his intention to step down from his position as a member of the Board of Directors. His resignation is effective as of 20 Mar. 2025, or until a […]
Equinor to Pay Cash Dividend on 28 Feb. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Equinor ASA announced on 24 Oct. 2024 an ordinary cash dividend per share of $0.35 and an extraordinary cash dividend per share of $0.35 for third-quarter 2024 (3Q:24). The NOK cash dividend per share is based on average USDNOK fixing rate […]
Viridien and Matnex to Accelerate AI-powered Materials Discovery
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Viridien and Materials Nexus Ltd. (trading as Matnex) will partner to scale Matnex’ computational capacity for the discovery and production of groundbreaking materials. The Viridien and Matnex partnership reflects a shared goal to accelerate innovation and reduce the environmental impact of […]
Petrobras Inks LNG PSA with UK-based Centrica for 0.8 MTPA Starting in 2027
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras signed a long-term liquefied natural gas (LNG) purchase and sale agreement (PSA) with the British company Centrica to acquire 0.8 million tons per year (MTPA) of LNG over 15 years starting in 2027. LNG supply will be made from […]
Petrobras to Make First Installment Remuneration to Shareholders
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Rio de Janeiro-based Petrobras will make payment of the first installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024. The gross amount to be distributed corresponds to R$0.67545217 per common and preferred share, paid totally in the […]
CPKC Eyes Doubling its Hydrogen Test Fleet in 2025, Prepares for Delivery of Locomotives
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Canadian Pacific Kansas City (CPKC) is exploring and investing in innovative technology solutions and projects to reduce emissions from its locomotive operations and support the company’s long-term sustainability objectives. As part of plan, CPKC is making strides with its hydrogen locomotive […]
Aramco to Acquire 25% Interest in Unioil, Enter Philippines Retail Market
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 19.Feb.2025) — Aramco signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines. The acquisition aims to capitalize on anticipated growth of the high-value fuels market in the Philippines. It represents […]
Repsol Selects IBS Software for Logistics Operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025) — Spain’s Repsol selected IBS Software to transform its primary logistics operations across multiple locations. The partnership will see Repsol adopt IBS Software’s iLogistics Control Tower solution streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making […]
Ecopetrol to Host 4Q:24 Webcast on 5 Mar. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — Ecopetrol S.A. plans to release its financial and operating results for the fourth-quarter 2024 and full year of 2024 after market close on 4 Mar. 2025. On 5 Mar. 2025, Ecopetrol’s senior management will host a single virtual conference call to […]
Matador Eyes Boosting Equivalent Production 20% in 2025 v 2024
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 18.Feb.2025) — Matador Resources Company eyes average daily equivalent crude oil and natural gas production reaching 205,000 boe/d in 2025, up 20% compared to 170,751 boe/d in 2024, according to the company’s founder, chairman and CEO Joseph Wm. Foran. “Matador aims at increasing its […]
Protected: Suriname Overview: Energy Future Looks Bright
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Uranium Energy Reports Key Production at Irigaray CPP in Wyoming
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 19.Feb.2025) — Uranium Energy Corp. achieved a major operational milestone with the successful processing, drying and drumming of uranium concentrates at the company’s Irigaray Central Processing Plant (CPP) in Wyoming. This, after initial uranium production from UEC’s Christensen Ranch In-Situ Recovery (ISR) operations. […]
Citgo Launches Brand Licensing Program as Part of Fuels Business
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — The Citgo brand is extending to 5 new geographic markets with the launch of a brand licensing program for qualified marketers and retailers. The launch will initially target Arizona, Colorado, New Mexico, Nevada and Utah, Citgo said 18 Feb. 2025 in […]
![Vista Reports 18% Rise in Reserves, 323% Reserves Replacement Ratio [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2019/12/Vista-OilGas-ceos.jpg)
Vista Reports 18% Rise in Reserves, 323% Reserves Replacement Ratio [PDF Download]
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 18.Feb.2025) — Vista Energy, S.A.B. de C.V.‘s estimated and certified proved (P1) oil and gas reserves reached 375.2 million barrels of oil equivalent (MMboe) as of 31 Dec. 2024, up 18% year-over-year compared to 318.5 MMboe. Additions to P1 reserves totaled 82.2 […]
Natura Eyes 2 Advanced Nuclear Projects in Texas
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 18.Feb.2025) — Natura Resources announced deployment of 2 advanced nuclear projects in Texas. The projects aim to enhance energy security and reliability for the rapidly growing state. These deployments, located in the Permian Basin and at Texas A&M University‘s RELLIS Campus, represent significant […]
TotalEnergies and Air Liquide to Develop 2 Green Hydrogen Projects in the Netherlands
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — TotalEnergies signed agreements with Air Liquide to develop 2 projects in the Netherlands, for the production and delivery of some 45,000 tons a year (t/y) of green hydrogen produced using renewable power, generated mostly by the OranjeWind offshore wind farm, developed […]
Diamondback to Acquire Double Eagle IV in Stock and Cash Deal
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — Diamondback Energy, Inc. entered into a definitive agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC in exchange for 6.9 million shares of Diamondback common stock and $3bn of cash. The transaction is slated to close on 1 Apr. […]
Xodus Part of Japan’s First Large-scale Carbon Capture and Storage Projects
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Global energy consultancy Xodus secured a contract to support development of an advanced carbon capture and storage (CCS) hub in Japan. The project will contribute to significant carbon emissions reduction across key industrial sectors in Japan, to support the Asian country’s […]
Venture Global to Achieve COD at Calcasieu Pass on 15 Apr. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Venture Global has notified its long-term customers that its Calcasieu Pass facility will commence commercial operations on 15 Apr. 2025. The facility will achieve its commercial operation date, or COD, in under 68 months from its Aug. 2019 final investment decision […]
TotalEnergies and ENI Ink Deal to Export Cyprus Block 6 Gas Through Egypt
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — France’s TotalEnergies and Italy’s ENI, partners in Cyprus offshore Block 6, signed a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to development of Block 6 gas resources. The agreement is a key milestone towards the development […]
TotalEnergies, Masdar and EPointZero to Drive Clean Energy Access in Africa and Asia
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Abu Dhabi Future Energy Company PJSC – Masdar, TotalEnergies and EPointZero, the decarbonization arm of 2PointZero, a global investment platform, signed a Framework for Action (FFA) agreement to drive access to clean energy in emerging markets and developing economies in Africa […]
Noble Floater Fleet 74% Contracted Through the Fourth-quarter 2024
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Noble Corporation said its marketed fleet of 25 floaters was 74% contracted through the fourth-quarter 2024 (4Q:24), compared to 81% in the third-quarter 2024. This, primarily due to transitory idle time on the Noble BlackRhino, Noble Gerry de Souza and Noble […]
Argentina Starts Historic Electrical Modernization in AMBA
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 17.Feb.2025) — Argentina’s Energy Secretariat published a national and international tender called “GBA Storage -AlmaGBA”, through Resolution 67/2025, intended for the contracting of electricity storage plants. This initiative, unprecedented in the South American country but already applied worldwide, seeks to add 500 […]
Petrobras Selects SBM Offshore for FPSO Carbon Capture Solution
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Feb.2025) — SBM Offshore will carry out a study with state-owned Petrobras for the application of carbon capture modules on floating production storage and offloading (FPSO) vessels. The module design is based on a successful engineering and design study between SBM Offshore […]
Major O&G Cos. Paid $7.4bn to Trinidad and Tobago Gov’t Between 2015-2022
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Feb.2025) — Major oil and gas companies in Trinidad and Tobago — BPTT, Shell plc, EOG Resources, BHP Billiton/ Woodside Energy and The National Gas Company of Trinidad and Tobago (NGC) — paid $7.4bn to the government of the twin-island nation between […]
Petrobras Inks Protocol of Intent to Reuse Oil and Gas Production Platforms
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Feb.2025) — Petrobras signed 2 Protocols of Intent to carry out studies on the reuse of oil and gas production platforms in the demobilization stage. The initiative foresees demobilization of 10 platforms by 2029 and includes studies to evaluate possibilities for reusing […]
Trinidad Registered 1,592 Oil Spills Between 2016-Oct.2024
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Feb.2025) — Trinidad and Tobago reported 250 oil spills between Jan.-Oct. 2024 and between 2016 and Oct. 2024 the twin-island nation experienced a total of 1,592 oil spills, with 73.68% transpiring on land. The areas most affected onshore were Forest Reserve/Fyzabad, Los […]
Protected: Amos Global Inks SPA to Buy Sinopec’s Gulf of Paria (PetroParia) Interest in Venezuela
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Protected: FPSO Almirante Tamandaré Comes Online in the Pre-Salt Santos Basin
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Pemex Guarantees Production from 2025-2030 with Trion, Zama, Other Projects
HOUSTON, TEXAS (Pietro D. Pitts and Fidencio Casillas, Energy Analytics Institute, 15.Feb.2025) — State-owned Petróleos Mexicanos‘ overall work plan during 2025-2030 includes guaranteeing greater crude oil and natural gas production as well as the supply of fuels (gasoline), petrochemicals and fertilizers, Mexico’s Energy Secretariat (Sener) Luz Elena González Escobar and […]
Commonwealth Eyes FID in Sep. 2025, First LNG from its 9.5 MTPA Cameron LNG Facility in 1Q:29
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 14.Feb.2025) — Commonwealth LNG received a conditional non-free trade agreement (non-FTA) export authorization from the US Department of Energy (DOE). Commonwealth separately received its draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC). Both actions represent significant milestones in […]
LNG Alliance Affiliate Inks MOU for 100 TPA of Sustainable Hydrogen in Sonora, Mexico
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 14.Feb.2025) — LNG Alliance Pte Ltd, Singapore affiliate Aslan Energy Capital, signed a Memorandum of Understanding (MOU) to supply 100,000 tonnes per annum (TPA) of sustainable hydrogen from its green hydrogen project development in Sonora, Mexico, to California-based CalYan XGH Inc. The […]
Mexico’s Sierra Madre Pipeline Faces Permit Hurdles
HOUSTON, TEXAS (Argus, 14.Feb.2025) — Gas supply to Mexico’s largest LNG terminal is in question as security concerns and community opposition threaten the Sierra Madre pipeline’s progress. Mexico Pacific‘s 48-inch, 800km (497 mi) pipeline, when completed, will transport up to 2.8 Bcf/d of natural gas from Texas’ Waha Basin to […]
Petrobras Pre-salt Potential Confirmed with Búzios 9-BUZ-99D-RJS Well
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 14.Feb.2025) — Rio de Janeiro-based Petrobras confirmed the presence of oil at 9-BUZ-99D-RJS well, located in the western region of the Búzios field. The discovery reaffirms the pre-salt potential of the Búzios field. This is a new accumulation in a zone below […]
Suburban Propane and NASCAR Unveil Propane-Powered Track Dryer
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.Feb.2025) — Suburban Propane Partners, L.P. joined forces with NASCAR to unveil a propane-powered track dryer at the iconic DAYTONA 500. This innovative solution will complement NASCAR’s current track drying efforts and help get race cars back on the track as quickly as […]
Petrobras to Pay First Installment of Shareholder Remuneration on 20 Feb. 2025
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 13.Feb.2025) — Petrobras will pay on 20 Feb. 2025 the first installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024, based on the shareholder position of 23 Dec. 2024. This first installment will be paid in the form […]
ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil produced from its Payara project, the company announced 13 Feb. 2025 on social media. Payara, ExxonMobil’s third development offshore Guyana, started up just 15 months […]
Arcadium Lithium Obtains Necessary Approvals Globally to Close Acquisition by Rio Tinto
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Feb.2025) — Global lithium chemicals producer Arcadium Lithium plc has received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto. This includes merger control clearance being satisfied or waived in Australia, Canada, China, Japan, South […]
Equinor to Appeal €4mn Fine from French Energy Regulatory Commission (CRE)
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 13.Feb.2025) — Equinor plans to appeal the decision of the French Energy Regulatory Commission (CRE), which imposed a fine of €4mn on the Norwegian company for 2 cases of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) violations connected with the booking […]
Exxon Applies for Longtail Environmental Permits: Reuters
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Feb.2025) — Spring, Texas-based ExxonMobil Corporation has reportedly applied for environmental permits related to its Longtail development located offshore Guyana in the Stabroek Block, according to Reuters. The consortium is eying another well in Stabroek, Reuters reported 13 Feb. 2025, citing Exxon […]
Brava Energia and Trafigura PTE Ink Deal for 6 MMbbls from Atlanta Consortium
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 13.Feb.2025) — Brava Energia SA and Trafigura PTE inked a deal for the sale of 6 million barrels (MMbbls) of oil produced by the consortium in Atlanta. 80% will come from Brava and 20% from Westlawn. The contract, signed on 11 Feb. […]
Sheinbaum Says Pemex’ Mandate is to Produce up to 1.8 MMb/d
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 12.Feb.2025) — Mexico’s president Claudia Sheinbaum Pardo said the principal work plan through 2030 for state-owned Petróleos Mexicanos (Pemex) was to produce 1.8 million barrels per day (MMb/d) during her six-year presidency (2024-2030) or sexenio in order to maintain Mexico’s oil for […]
Intradeco Completes Phase 2 Solar Energy Investment in Apopa in El Salvador
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 12.Feb.2025) — Intradeco Holdings, a global vertical manufacturing group, completed Phase 2 of its strategic investment through its fully owned subsidiary Apopa Energy. This significant milestone includes a $15mn investment in 10 MW of solar energy and the development of a community […]
Protected: Aker BP Eyes Production of 525,000 boe/d in 2028
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Saverex Launches Public Takeover Offer for all Outstanding Exmar Shares
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Feb.2025) — Saverex NV launched its previously announced voluntary and conditional public takeover offer for all shares of EXMAR NV not yet directly or indirectly owned by the offeror or persons affiliated with it. The initial acceptance period in respect of the offer […]
Select Water and Occidental Boast Progress at Lost Tank Recycling Site in New Mexico
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — Select Water Solutions, Inc. and Occidental announced significant progress in their joint initiative of reducing freshwater usage and reliance on disposal in the Northern Delaware Basin. This, through successful development and commercialization of the Lost Tank recycling facility in Lea County, […]
OPEC Forecasts Slight Rise in Permian Oil Production in 2025
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the Permian Basin to grow by 0.2 million barrels per day (MMb/d) in 2025 compared to an average 5.5 MMb/d in 2024. In 2026, production in […]
US Gas Production to Average 114.7 Bcf/d in 2025, Rise 1.4% YOY
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 12.Feb.2025) — US marketed natural gas production is expected to average 114.7 billion cubic feet per day (Bcf/d) in 2025, up 1.4% compared to 113.1 Bcf/d in 2024, according to recent data revealed by the US Energy Information Administration (EIA). This gas […]