(The Washington Post, 27.Aug.2024) — A month ago, Venezuela’s opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the […]
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.
Strengthening Emergency Preparedness in the Barents Sea
(Equinor, 27.Aug.2024) — Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea. The solution will add new resources, expertise […]
Karpowership Partners with World Bank to Close Gender Gap in Africa’s Energy Sector
(Karpowership, 26.Aug.2024) —This new partnership aims to advance gender equality within Africa’s energy sector, bolstering employment opportunities for women across at least ten countries and fostering a […]
ExxonMobil Global Outlook: Our view to 2050
(ExxonMobil, 26.Aug.2024) — In 2050, the world will be different—vastly different. To meet critical needs, the world will need to increase access to reliable, affordable […]
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President Andrés Manuel López Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada […]
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(Bloomberg, 26.Aug.2024) — Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, […]
Equinor to Use World’s First Ammonia-powered Supply Vessel
(Equinor, 26.Aug.2024) — Equinor has signed a contract with Eidesvik Offshore for the conversion of the Viking Energy supply vessel to ammonia operation. The vessel will […]
Equinor Announces Cash Dividend for 1Q:24
(Equinor, 23.Aug.2024) — Equinor ASA announced on 25 April 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per […]
POWERCHINA Alleviates Harsh Conditions with Construction Projects
(Power Construction Corp. of China, 9.Aug.2024) — Power Construction Corporation of China continues to do its part to alleviate the harsh summer climate change challenges affecting many regions […]
Ecopetrol to Execute $250mn Loan Agreement with International Bank
(Ecopetrol, 21.Aug.2024) — Ecopetrol S.A. announces that the Ministry of Finance and Public Credit (MHCP) has authorized Ecopetrol to execute a loan agreement for up to […]
North Star Invests £5mn in Digital Transformation
(North Star, 20.Aug.2024) — North Star, the UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than £5mn in new business support […]
EVLO Puts into Operation a First Battery Energy Project in the US
(EVLO, 20.Aug.2024) — EVLO Energy Storage Inc., a fully integrated battery energy storage system (BESS) provider and wholly owned subsidiary of Hydro-Québec, today announced that […]
NextDecade Withdraws CCS Application at FERC
(NextDecadde, 20.Aug.2024) — NextDecade Corporation’s subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project […]
AVAIO Partners with Sunbird Energy for Energy Solutions Across Quebec
(AVAIO, 20.Aug.2024) — AVAIO Digital Partners (ADP), a data center business developing sustainable hyperscale data centers in North America and Europe, is pleased to announce […]
Petronet LNG Selects Lummus’ Novolen Technology for New, Large-Scale Plant in India
(Lummus Technology, 20.Aug.2024) — Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced an award from Petronet LNG Ltd. Petronet will license […]
GAS Entec and AG&P to Build a Strategic LNG Terminal in the Kingdom of Jordan
(GAS Entec, 20.Aug.2024) — LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred as Consortium, has been awarded a […]
Fortera Secures $85mn for Deployment of Low-Carbon Cement
(Fortera, 20.Aug.2024) — To meet the growing demand to lower the cement industry’s carbon emissions, advanced materials manufacturer Fortera secured $85mn in Series C funding to scale […]
TGS Secures Extension to Ocean Bottom Node Program in GOM
(TGS, 20.Aug.2024) — TGS announced the award of an Ocean Bottom Node (OBN) data acquisition contract in North America. This four-month extension to an existing […]
Tethys Oil’s Production Update — July 2024
(Tethys, 20.Aug.2024) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in July 2024 amounted to […]
FMC Submits Applications in Eight Countries for Dodhylex™ Active
(FMC, 20.Aug.2024) — FMC Corporation, an agricultural sciences company, recently submitted regulatory applications for Dodhylex™ active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the […]
Fortune Completes New Option Agreement to Acquire the JFSL Alberta Refinery
(Fortune, 19.Aug.2024) — Fortune Minerals Limited has entered into a new option agreement with JFSL Field Services ULC (JFSL) to purchase the brownfield industrial site […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) — New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore […]
Oxy on Continued Progress on Debt Reduction, Divestiture Initiatives
(Oxy, 19.Aug.2024) — Occidental announced it has achieved $3bn in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow from […]
SLB and Palo Alto Networks to Strengthen Cybersecurity
(SLB, 19.Aug.2024) — Global energy technology company SLB and global cybersecurity company Palo Alto Networks announced they are expanding their collaboration to strengthen cybersecurity for […]
EnerMech Secures Two Major Pipeline Pre-Commissioning Contracts
(EnerMech, 19.Aug.2024) — EnerMech has been awarded two significant pipeline pre-commissioning contracts in offshore East Malaysia, marking a substantial milestone in the expansion of its critical […]
Fallen Angels Remain Costly Despite Tightening Spreads
(S&P Global Ratings, 19.Aug.2024) — The absolute cost of falling to speculative-grade (to ‘BB+’ from ‘BBB-‘) for U.S. corporates has shrunk considerably to 24 basis […]
US LNG Industry Under Pressure as Challenges and Uncertainty Mount
(FT.com, 17.Aug.2024) — The US liquefied natural gas industry faces mounting challenges as legal clashes with activists and contractors combine with a federal permitting freeze […]
Mexico’s First LNG Cargo Sails, Launching New Business for Pipes
(East Daley, 16.Aug.2024) — New Fortress Energy (NFE) has loaded the first cargo from its floating LNG platform offshore Altamira, Mexico. The start-up of Mexico’s […]
Silicon Ranch Energizes First Utility-Scale Solar Project in Alberta’s Industrial Heartland
(Silicon Ranch, 15.Aug.2024) — Silicon Ranch, one of the largest independent power producers specializing in solar energy, agrivoltaics, battery storage, and carbon solutions in the […]
Woodside Signs Sponsorship Deal With Mexican Football Team
(Woodside, 15.Aug.2024) — Woodside Energy will sponsor the Jaiba Brava football team for the next three years. Jaiba Brava plays in the Liga BBVA Expansión MX division within […]
IsoEnergy Generates Six New Drill Targets at Larocque East Project
(IsoEnergy, 15.Aug.2024) — IsoEnergy Ltd. provided an update on its summer exploration program at the Larocque East Project (the “Project“), located in the eastern AthabascaBasin (Figure 1, […]
GeoPark Reports Second Quarter 2024 Results
(GeoPark, 14.Aug.2024) — GeoPark Limited reports its consolidated financial results for the three-month period ended 30 June 2024 (“Second Quarter” or “2Q2024”). A conference call […]
NASA Funds Research Projects Advancing STEM Career Development
(NASA, 14.Aug.2024) — NASA has awarded $6mn to 20 teams from emerging research institutions across the United States supporting projects that offer career development opportunities for science, technology, engineering, […]
Equinor Gets Offshore Wind Lease in US Central Atlantic Auction
(Equinor, 14.Aug.2024) — Equinor has been announced as a provisional winner in the Bureau of Ocean Energy Management’s (BOEM) offshore wind energy lease auction in the […]
Shell Invests in Water Injection at US GOM Field
(Shell, 14.Aug.2024) — Shell Offshore Inc., a subsidiary of Shell plc, has taken a Final Investment Decision (FID) on a ‘waterflood’ project at its Vito asset […]
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) — During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the […]
Brazil Turns to LNG as Drought Threatens Hydro Reservoirs
(Bloomberg, 13.Aug.2024) — Brazil has emerged as the latest contender for global liquefied natural gas supplies as dry weather threatens its vast hydropower production. South […]
Lithium South Updates on Development Work
(Lithium South, 8.Aug.2024) — Lithium South Development Corporation provided an update regarding test work, on site development work, and business developments. Lithium Iron Phosphate Test […]
Karpowership Announces $1bn LNG-to-Power Investment in South Africa
(Karpowership, 13.Aug.2024) — Karpowership announced its plans to invest a transformative $1bn of LNG-to-Power infrastructure that will be based in Mozambique and made available to the entire South African […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) — Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it […]
Chevron Starts Production at Anchor in US GOM
(Chevron, 12.Aug.2024) — Chevron Corporation started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks […]
Sheinbaum taps first woman to lead state power firm CFE
(Reuters, 12.Aug.2024) — Mexican President-elect Claudia Sheinbaum on Monday named Emilia Esther Calleja to lead state power firm Comision Federal de Electricidad (CFE), making her […]
Petrobras Releasing Digital Tool that Stimulates Reduction in CO2 Emissions
(Petrobras, 12.Aug.2024) — The GIS CCUS Brasil platform gathers all public information on carbon capture and storage (CCUS) in Brazil on a single website. It is […]
Inauguration of First Soccer Tournament in Ayacucho
(PERU LNG, 12.Aug.2024) — The Impacting Lives Social Program – Soccer inaugurated the first tournament with the support of PERU LNG. More than 320 students from […]
Shell Invests in Phase 2 of Surat Gas Project in Australia
(Shell, 12.Aug.2024) — Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s […]
First Oil from the Anchor field in Gulf of Mexico
(TotalEnergies, 12.Aug.2024) — TotalEnergies announces the start of production from the Anchor field, located in the US Gulf of Mexico, in which the company has […]
Borr Announces Certain 2Q:24 Preliminary Results
(Borr, 9.Aug.2024) — Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 June 2024. The company expects for the three months ended 30 […]
New Fortress Reports on 2Q:24 Results, Fast LNG
(New Fortress, 9.Aug.2024) — New Fortress Energy Inc. reported its financial results for the second quarter of 2024. Summary Highlights — Adjusted EBITDA(1) of $120mn in the second […]
GoGold Releases 3Q:24 Results
(GoGold, 8.Aug.2024) — GoGold Resources Inc. announced the financial results for the quarter ending 30 June 2024. The Company generated revenue of $10.4mn (all amounts are in U.S. dollars) from […]
Petrobras Reports Solid 2Q:24 Cash Generation
(Petrobras, 8.Aug.2024) — Petrobras had solid cash generation in the second quarter of 2024, reporting an Operating Cash Flow (OCF) of BRL47.2bn—higher than in the […]