HOUSTON, TEXAS (By Harold Stewart, Energy Analytics Institute, 12.Dec.2024, Words: 665) — Rio Tinto eyes investing $2.5bn to expand the Rincon project in Argentina, the company’s first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. Rincon’s capacity of 60,000 tonnes of battery grade lithium […]
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.
Trinidad’s NGC Ships 1st LNG Cargoes from ALNG T2 and T3 After ALNG Restructuring
(Piero Stewart, Energy Analytics Institute, 11.Dec.2024) — The National Gas Company of Trinidad and Tobago Limited (NGC) shipped its first 2 cargoes of liquefied natural gas (LNG) from Atlantic LNG’s Trains 2 and 3. This, after the commercial restructure of Atlantic LNG was completed in Dec. 2023. The shipments departed […]
PetroEcuador’s Tres Bocas Station Receives BT Zamora Vessel with 225,000 bbls of Fuel
(Piero Stewart, Energy Analytics Institute, 11.Dec.2024) — EP PetroEcuador‘s Tres Bocas Station received a 40,000 metric ton vessel with 225,000 bbls of fuel destined to national consumption. EP PetroEcuador continues with efforts to increase fuel inventories in the southern parts of Ecuador in order to timely meet the demand for […]
U Power Launches EV Battery Power Solution in China
(Energy Analytics Institute, 11.Dec.2024) — U Power Limited announced that the AI technology-based autonomous unmanned battery swapping logistics vehicle has been launched and has undergone road testing. This advancement represents a key milestone in U Power’s comprehensive electrification strategy for sustainable logistics operations, achieving full coverage of autonomous battery swapping […]
Vizsla Starts Test Mining at Panuco Silver Project in Sinaloa
MEXICO CITY, MEXICO (Energy Analytics Institute, 11.Dec.2024) — Vizsla Silver Corp. commenced its fully funded and fully permitted test mining and bulk sample program at its flagship, 100%-owned Panuco silver-gold project in Sinaloa, Mexico. The primary objectives for the program are to 1) reconcile actual geotechnical conditions at Copala with […]
Banorte Joins 1t.org Initiative to Plants Trees to Climate Change Impact
(Energy Analytics Institute, 11.Dec.2024) — Mexico’s Grupo Financiero Banorte (GFNorte) plans to drive the growth of one million trees in Mexico between 2025-2030, contributing to the Trillion Trees (1t.org) movement, initiated by the World Economic Forum (WEF). In joining the movement, GFBanorte becomes the first Mexican institution to make such […]
Argentina’s Hydrocarbon Sector Takes Baby Steps in 2024, Bigger Steps to Come in 2025
(Camilo Ciruzzi , Energy Analytics Institute, 11.Dec.2024) — Efforts by Argentina’s president Javier Milei have resulted in a more flexible regulatory framework and to the benefit of his South American country’s hydrocarbon sector as strategic projects continue to inch forward. No surprise, Argentina’s crude oil and natural gas sectors are […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
ExxonMobil reveals 2030 corporate plan, eyes Capex of $27bn-$29bn in 2025
SPRING, TEXAS (ExxonMobil, 11.Dec.2024) — ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. The plan reflects the company’s strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading […]
GreenPower gets follow-on order for all-electric vehicles
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 11.Dec.2024, Words: 238) — GreenPower Motor Company Inc. received a follow-on order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI). TCI will upfit the EV Star Cab & Chassis with a body that meets the needs of their […]
Equinor Says Start-up Nears for Johan Castberg Field
(Energy Analytics Institute, 10.Dec.2024) — Equinor and its partners VĂĄr Energi and Petoro expect the Johan Castberg field to come on stream in Jan./Feb. 2025. The Johan Castberg floating production, storage and offloading vessel (FPSO) was anchored on the field in the Barents Sea in Sep. 2024. The FPSO has […]
Petrobras Cleared for R$17.12bn Distribution to Shareholders
(Energy Analytics Institute, 10.Dec.2024) — Petrobras‘ Board of Directors approved the distribution of remuneration to shareholders in the amount of R$17.12bn, equivalent to R$1.32820661 per common and preferred share in circulation, Petrobras said 10 Dec. 2024 in an official statement. According to the decision of the Executive Board on 6 […]
UK’s First CCS Projects in Teesside Progressing to Executive Phase
(Equinor, 10.Dec.2024) — Equinor, alongside project partners, announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). “It is […]
DCPS Debuts 23 New Electric School Buses in Florida
(Chad Archey, Energy Analytics Institute, 10.Dec.2024) — Dixie County Public Schools (DCPS) announced the deployment of 23 new electric school buses, making it one of the largest electric school bus fleets in Florida. DCPS has acquired 23 brand-new electric buses to replace a portion of its existing fleet of 37 […]
Petrobras eyes 10 FPSOs by 2029 with 1.8 MMb/d of production capacity
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 10.Dec.2024, Words: 1,007) — Rio de Janeiro-based Petrobras has an eye on 17 floating production storage offloading (FPSO) vessels over the near-to-middle term with a total production capacity of 2.876 million barrels per day (MMb/d).  In particular, Petrobras aims to […]
Low Carbon Building Inaugurated in Ontario
(Energy Analytics Institute, 10.Dec.2024) — CarbiCrete CEO Jacob Homiller was joined on 6 Dec. 2024 by Aecon‘s Senior Advisor, Sustainability and Environment ClĂ©ment Boisselier, and Innocon Technical Performance and Data Transformation Manager Nashat Andraws for a ribbon-cutting ceremony at Aecon’s Innovation and Training Centre in Holland Landing, Ontario. The event marked […]
Shell Awards Sparta Contract to GATE Energy
(Steve Stewart, Energy Analytics Institute, 9.Dec.2024) — GATE Energy has been awarded the commissioning management and execution contract from Shell Offshore, Inc. for the Sparta semi-submersible project. “The all-electric topside compression technology represents a significant step forward for sustainability in offshore operations, and we look forward to ensuring its successful […]
Mexico’s Headline Inflation: 4.55% in Nov. 2024
(Fidencio Casillas, Energy Analytics Institute, 9.Dec.2024) — Mexico’s inflation came in at 4.55% in Nov. 2024, down sequentially compared to 4.6% in Oct. 2024, according to data published by the government of Mexico. Mexico’s inflation figure is one of the lowest compared to other OECD countries, the government of the […]
Equinor Pockets $2bn in Azerbaijan and Nigeria Business Exits
(Equinor, 9.Dec.2024) — Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2bn. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 […]
Argentina’s YPF eyes Southern Energy SA floating LNG project
RIO NEGRO, ARGENTINA (Camilo Ciruzzi , Energy Analytics Institute, 8.Dec.2024) — Buenos Aires-based YPF SA has an eye solidifying its position in the global LNG market. That, as the state-owned company’s eyes are now focused on 2 liquefaction projects in Argentina. While advancing its own project (Argentina LNG), YPF has […]
Fact sheet: Harbour Energy in Mexico
MEXICO CITY, MEXICO (By editors at Energy Analytics Institute, 7.Dec.2024, Words: 438) — Harbour Energy is one of the leading international upstream companies in Mexico, with interests offshore and onshore and comprising all phases of the E&P value chain with the UK-based company’s exploration, development and production assets. Hokchi Field […]
QatarEnergy CEO Al-Kaabi on US-Qatari Friendship, Golden Pass LNG
(QatarEnergy, 7.Dec.2024) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar stands in total support of the concept of the European Union’s (EU) Corporate Sustainability Due Diligence Directive (CS3D), and of the desire to protect and uphold […]
Energy Transfer Reaches $2.7bn FID on Hugh Brinson Permian Pipeline
(Energy Analytics Institute, 6.Dec.2024) — Dallas-based Energy Transfer LP reached a positive $2.7bn final investment decision (FID) for the construction, in two phases, of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The project is backed by long-term, fee-based commitments with strong investment […]
Höegh Evi Transfers Ownership of FSRU Independence to KN Energies
(Energy Analytics Institute, 6.Dec.2024) — Höegh Evi officially transferred ownership of the floating storage and regasification unit (FSRU) Independence to KN Energies and the Republic of Lithuania. The transfer marks a significant milestone in the nation’s energy development. The FSRU was commissioned by Lithuania in 2014 and was engineered with […]
LatAm NRG matters: USMCA review slated for 2026, Mexico US piped-gas imports
MEXICO CITY, MEXICO (By Energy Analytics Institute, 6.Dec.2024, Words: 652) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 6 Dec. 2024. —Argentina: The Minister of Energy of NeuquĂ©n met w/ large oil cos. to advance the infrastructure agenda for the Vaca Muerta shale formation […]
Argentina’s Vaca Muerta anchors record growth in production
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 6.Dec.2024) — Argentina’s crude oil and natural gas sectors are experiencing a historic surge. That, as production nears record highs, driven by the prolific Vaca Muerta shale formation. Continued development of Vaca Muerta is reshaping the South American country’s energy landscape, reducing […]
Houston-based NASA Continues with Space Exploration
(NASA, 6.Dec.2024) — With a look back at 2024, NASA is celebrating its many innovative and inspiring accomplishments this year including for the first time, landing new science and technology on the Moon with an American company, pushing the boundaries of exploration by launching a new mission to study Jupiter’s […]
CryoSys Eyes 7.2 mtpa Export Facility on Texas Gulf Coast
(Energy Analytics Institute, 5.Dec.2024) — CryoSys LLC entered into an deal with PIC Americas to deliver advanced pretreatment and liquefaction solutions to PIC Americas planned development of a liquefied natural gas (LNG) export facility with a minimum export capacity of 7.2 million tonnes per annum (mtpa). The facility is designed […]
Mitsubishi Invests in Heirloom’s Carbon Technologies
(Energy Analytics Institute, 5.Dec.2024) — Mitsubishi Corporation made a significant investment in Heirloom Carbon Technologies, Inc. and a Direct Air Capture (DAC) facility. The announcements comes as Heirloom completed its＄150mn fundraising round. This strategic investment reflects Mitsubishi’s commitment to exploring direct participation in future DAC projects being developed by Heirloom, […]
Sheinbaum Gov’t to Defend Calica Protected Natural Areas
(Fidencio Casillas, Energy Analytics Institute, 5.Dec.2024) — Mexico’s president Claudia Sheinbaum Pardo said her government will defend the Calizas Industriales del Carmen (Calica) area declared as a Protected Natural Area (ANP by its Spanish acronym) by former president AndrĂ©s Manuel LĂłpez Obrador (AMLO). “They will never use the Mayan paradise […]
Petrobras and Ecopetrol confirm 6 Tcf of gas at Sirius-2
(Piero Stewart, Energy Analytics Institute, 5.Dec.2024) — Brazil’s state-owned Petrobras, through its wholly-owned subsidiary Petrobras International Braspetro B.V. – Colombia Branch (PIB-COL), and Colombia’s state-owned Ecopetrol confirmed the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. With the evaluation of the Sirius-2 well […]
Equinor and Shell create UK’s largest independent
The Mariner field in the UK North Sea.
Photo: Jamie Baikie/Equinor
Chevron Eyes Capex of $14.5bn-$15.5bn in 2025
(Energy Analytics Institute, 5.Dec.2024) — Chevron Corporation eyes organic capital expenditure (Capex) of between $14.5bn-$15.5bn for its consolidated subsidiaries in 2025. In terms of affiliate Capex, the company eyes between $1.7bn-$2bn in 2025. The California-based company’s 2025 Capex and affiliate Capex represent a $2bn year-over-year reduction, the company announced 5 […]
Urano Finishes Purchase of Uranium Properties in the US
(Urano, 5.Dec.2024) — Urano Energy Corp. completed the acquisition of fifteen uranium properties. The properties, with a total of 345 claims covering 8,200 acres, or 33 km2, are situated within the Colorado Plateau geological region within the states of Utah and Colorado. Fourteen of these properties have a history of […]
Power Nickel Shareholder’s Approve Spin-Out of Certain Chilean Assets
(Energy Analytics Institute, 5.Dec.2024) — The shareholders of Power Nickel Inc. approved a previously announced plan of arrangement whereby the company’s interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out. In the deal, Power Nickel shareholders will receive common shares in Chilean […]
Oak Creek and Grupo Lybra Form Strategic Alliance in Mexico
(Energy Analytics Institute, 5.Dec.2024) — Oak Creek Wood Products (OCWP) and Grupo Lyrba, involved in Mexico’s recycling industry, entered a strategic alliance to optimize their wood sector. Through this collaboration, OCWP will join Lyrba’s established wood division across their eight key locations in Mexico: Ramos Arizpe, San Luis PotosĂ, LeĂłn, […]
Producers Midstream II Secures $400mn from Various BanksÂ
(Energy Analytics Institute, 4.Dec.2024) — Producers Midstream II, LLC has secured an expanded $400mn credit facility led by Texas Capital Bank, Bank of Oklahoma, Cadence Bank, US Bank, and Wells Fargo Bank. The credit facility will provide ample capacity to fund development projects across both their existing asset base in […]
Energy Ministry Nominates Pietro Mendes for ANP Directorship
(Energy Analytics Institute, 4.Dec.2024) — Petrobras Chairman of the Board Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff’s Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, […]
TotalEnergies to Divest 50% of Texas Renewable Portfolio
(Ian Silverman, Energy Analytics Institute, 4.Dec.2024) — TotalEnergies signed an agreement with funds managed by Apollo related to the divestment of 50% of a project portfolio comprising of 2 GW of solar and battery energy storage systems (BESS) in Texas. The deal will provide TotalEnergies with $800mn in cash. This […]
TotalEnergies to Pay €1.57bn for German Renewable Project Developer VSB
(Energy Analytics Institute, 4.Dec.2024) — TotalEnergies signed an agreement with Partners Group, one of the largest firms in the global private markets industry, to buy VSB Group, a Germany based renewable energy project developer for a consideration of €1.57bn, equity value and shareholder loan. The deal strengthens TotalEnergies Integrated Power […]
TotalEnergies Celebrates 50 Years in Saudi Arabia
(TotalEnergies, 3.Dec.2024) — On the occasion of French President Emmanuel Macron’s state visit to the Kingdom of Saudi Arabia and as the TotalEnergies celebrates 50 years of operations in the country, TotalEnergies underlines the importance of its strategic partnership in the field of energy with the Kingdom under the patronage […]
Solar Magazine Names Escalante Solar Project of the Year
(Energy Analytics Institute, 4.Dec.2024) — Escalante Solar has been named Solar Project of the Year Over 10 MW by Solar Builder Magazine. The annual project of the year awards celebrate the work of construction teams and installers, the creativity of engineers, the leadership of developers and the dedication of so […]
Pacolet Buys 15 MW Anderson Wind Farm in New Mexico
(Energy Analytics Institute, 4.Dec.2024) — Pacolet Milliken, LLC acquired 100% of Anderson Wind Farm from an affiliate of Goldman Sachs Asset Management. Anderson is a 14.95 MW, 8 turbine wind farm in Chaves County, New Mexico. The terms of the transaction were not disclosed, Pacolet, a sustainability-focused, family-owned investment firm, said […]
Repsol ExploraciĂłn MĂ©xico awards McDermott FEED contract
MEXICO CITY, MEXICO (By Energy Analytics Institute, 3.Dec.2024, Words: 174) — Repsol ExploraciĂłn MĂ©xico S.A. awarded McDermott a front-end engineering design (FEED) contract for the Polok and Chinwol field development project in the Gulf of Mexico. Per the contract scope, McDermott will provide comprehensive FEED services for the project’s engineering, […]
Claudia Sheinbaum Pardo continues Morena Party’s 4th transformation
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 3.Dec.2024, Words: 131) — The recent election of Morena Party’s Claudia Sheinbaum Pardo to serve as Mexico’s president from 2024-2030 translates into continuity of the so-called Fourth Transformation started by former president AndrĂ©s Manuel LĂłpez Obrador (AMLO). AMLO, who founded the […]
Harbour inks deal for Southern Energy SA FLNG project in Argentina
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Dec.2024, Words: 311) — Harbour Energy inked a participation agreement with Pan American Energy and Golar LNG to buy a 15% interest in Southern Energy SA, a company which has an eye on developing a floating liquefied natural gas (FLNG) export project in […]
Commentary: Pemex’ ambitious 2024-2030 plan
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 3.Dec.2024, Words: 1,060) — In a significant announcement aimed at securing Mexico’s energy future and adapting to the global energy transition, PetrĂłleos Mexicanos (Pemex) general director or CEO VĂctor RodrĂguez Padilla recently unveiled the Mexico City-based company’s strategic vision for 2024-2030. […]
Fact sheet: Harbour Energy in Argentina
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 3.Dec.2024, Words: 261) — Harbour Energy is a major supplier of energy and one of Argentina’s top producers of natural gas. The UK-based company has been active in Argentina for over four decades and has a long-term operator partnership through France’s TotalEnergies. […]
Saverex to Launch Voluntary Takeover Bid for Exmar
(Exmar, 3.Dec.2024) — Saverex NV intends to launch a voluntary and conditional public takeover bid for all shares of Exmar NV not already owned by it or persons affiliated with it. The bid would be made in cash at a price of EUR 11.50 per share. This price represents a […]