(Amerlux, 20.Nov.2024) — Amerlux, a Delta Group company with design and manufacturing expertise in performance-grade lighting, announced it would install a 1.525 MW rooftop solar system at its global headquarters and manufacturing facility. This initiative underscores Amerlux’s commitment to achieving Net Zero Energy and leadership in sustainable lighting in 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.
LG Chem and ExxonMobil Ink MOU for Lithium Offtake
(Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]
OPW Adds XL Vacuum-Jacketed Product for Cryogenic Market
(Energy Analytics Institute, 20.Nov.2024) — ACME Cryogenics, part of OPW Clean Energy Solutions and Dover revealed the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products. The new VJP has been designed to help maintain cryogenic liquid’s extremely cold temperature, prevent leaks and transfer the […]
TotalEnergies and Oil India to Collaborate on Emissions Detection
(TotalEneriges, 19.Nov.2024) — TotalEnergies and Oil India Limited (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India. State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at […]
bpTT Awarded NCMA 2 Exploration Block Offshore Trinidad
(Energy Analytics Institute, 19.Nov.2024) — bp has been awarded the NCMA 2 block offshore Trinidad & Tobago as part of the Shallow Water 2023/24 bid round that closed in May 2024. The NCMA 2 block is located approximately 30 miles off Trinidad’s north coast, bp announced 19 Nov. 2024 in […]
Lomas Bayas Partners with Ceibo to Accelerate Access to Clean Copper
(Glencore, 19.Nov.2024) — Ceibo, a clean copper extraction technology company, and Glencore‘s Lomas Bayas Mining Company entered into a partnership to deploy Ceibo’s proprietary leaching technologies that enable a more effective extraction of copper from low-grade sulfides at one of Chile’s leading mines. Lomas Bayas has validated Ceibo’s technology and […]
Eni Launches New HPC6 Supercomputer
(Eni, 19.Nov.2024) — Eni announces the completion and launch of a new supercomputing system (High Performance Computing – HPC) HPC6. HPC6 provides a significant increase in computational power to a peak of 606 PFlop/s, or over 600 quadrillion mathematical operations per second. The system has achieved a debut ranking of No.5. […]
Cooling the Planet: COP29 Affirms Global Climate Action
(UNEP, 19.Nov.2024) — Following the landmark launch of the Global Cooling Pledge at COP28, ministers and leaders from over 30 countries, joined by partners from intergovernmental organizations and civil society, came together at COP29 in Baku, Azerbaijan, to chart a bold path forward for sustainable cooling. The Ministerial Roundtable on Delivering the Global Cooling […]
Argentina and Brazil sign MOU related to Vaca Muerta shale gas infrastructure
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 19.Nov.2024) — Argentina’s Economic Minister Luis Caputo and Brazil’s Energy and Mining Minister Alexandre Silveira signed a memorandum of understanding (MOU) to discuss the necessary infrastructure needed for the export of Vaca Muerta shale natural gas to Brazil. At stake is potential for […]
Viridien Expands Industrial Cloud to US market
(Energy Analytics Institute, 19.Nov.2024) — Viridien launched its industrial Viridien Cloud for AI and HPC production at SuperComputing 2024 in the US. The launch expands on Viridien Cloud’s established success in Europe, and offers tailored cloud solutions and end-to-end expertise to optimize compute-intensive production workloads for US industries, Viridien said […]
Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China
(Aramco, 18.Nov.2024) —  Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]
G20 Summit Can Provide Momentum for Sustainable Development
(China Daily, 18.Nov.2024) — With the international community increasingly at risk of being torn apart by the centrifugal force generated by the black hole at its center, Brazil making “Building a Just World and a Sustainable Planet” the priorities for the G20 Summit it is hosting in Rio de Janeiro […]
EAI’s ‘Africa NRG Insights’ investor report (FREE PDF download-prologue)
HOUSTON, TEXAS (Energy Analytics Institute, 15.Jun.2024, Words: 136) — Energy Analytics Institute‘s recently released ‘Africa NRG Insights’: Africa’s ‘Just’ Energy Transition: An Investor’s Perspective on Opportunities and Challenges, explores the continent’s resources and opportunities as well as its major headwinds. The full 42-page report taps into the insights and thoughts […]
Petrobras to Host Webcast to Present Strategic Plan 2050
(Energy Analytics Institute, 18.Nov.2024) — Petrobras will hold a webcast on 22 Nov. 2024 in the presence of the company’s Executive Board of Directors (BODs) to detail its Strategic Plan 2050 and Business Plan 2025-2029, which will be submitted for approval by the same BODs. The event will be presented […]
Petrobras Reiterates Details of 2025-2029 Business Plan
(Energy Analytics Institute, 18.Nov.2024) — Rio de Janeiro-based state oil giant Petrobras reiterated that the proposal for its 2025-2029 Business Plan was deliberated by its Executive Board on 14 Nov. 2024. However, the plan will still be considered by the Board of Directors (BODs) at a meeting scheduled for 21 […]
Sheinbaum Proposes Reforestation Fund at G20 in Rio de JaneiroÂ
(Energy Analytics Institute, 18.Nov.2024) — At the G20 Leaders Summit in Rio de Janeiro, Brazil, Mexico’s President Claudia Sheinbaum proposed establishing a fund to finance the largest reforestation program in history. This includes ‘Sowing Life,’ which mitigates global warming and reduces poverty, Sheinbaum said 18 Nov. 2024 in a post on […]
Petrobras and Yara Ink Deals for Technical Cooperation of ARLA 32
(Energy Analytics Institute, 18.Nov.2024) — PetrĂłleo Brasileiro S.A. or Petrobras signed two agreements with Yara and Araucária Nitrogenados S.A. (ANSA) in a next step towards structuring a potential partnership within fertilizers and industrial products. The first agreement includes the commercialization by Yara of Automotive Liquid Reducing Agent (ARLA 32) produced […]
Liberty Energy Comments on Chris Wright Appointment
(Liberty Energy, 18.Nov.2024) — Liberty Energy Inc. commented on the announcement by President-elect Donald J. Trump regarding his nomination of Mr. Chris Wright, Liberty’s Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Wright as Secretary of Energy […]
Equinor Brings on Deepsea Bollsta Rig
(Energy Analytics Institute, 18.Nov.2024) — Norway’s Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf. The value of the contract for the firm period is calculated to be around $335mn, with planned start-up in the later part […]
Equinor Announces Ex. Dividend
(Energy Analytics Institute, 18.Nov.2024) — Equinor ASA announced a second quarter 2024 (2Q:24) ex. dividend second quarter. Shares of Equinor, effective 18 Nov. 2024, will be traded on Oslo Børs exclusive of the 2Q:24 cash dividend as detailed below. —Ex. date: 18 Nov.2024 —Ordinary cash dividend amount: $0.35 —Extraordinary cash dividend […]
Enbridge Comments on Conversion Results for Series 9 Preferred Shares
(Energy Analytics Institute, 18.Nov.2024) — Calgary, Alberta-based Enbridge Inc. said none of its outstanding Cumulative Redeemable Preference Shares, Series 9 will be converted into Cumulative Redeemable Preference Shares, Series 10 on 1 Dec. 2024. After taking into account all conversion notices received from holders of its outstanding Series 9 Shares […]
MetGen and NewEnergyBlue to Create Biochemicals Refined from Agricultural Waste
(New Energy Blue, 18.Nov.2024) — NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, and MetGen, the Finnish pioneer in advanced enzymes and lignin fractionization, today began integrating their renewable technologies and business units to vigorously compete with fossil-carbon products not just […]
San Juan Basin Royalty Trust Declares No Cash Distribution for Nov. 2024
(San Juan Basin Royalty Trust, 18.Nov.2024) — Argent Trust Company, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”), reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) due to excess production […]
Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success
(Carbon Mapper, 16.Nov.2024) — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in Aug. Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, […]
Trump Picks Oil-industry CEO Chris Wright as Energy Secretary Nominee
(Reuters, 16.Nov.2024) — President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. […]
LatAm NRG matters: Mexico launches hydrocarbon sector strategy
HOUSTON, TEXAS (By Energy Analytics Institute, 15.Nov.2024, Words: 329) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024. —Argentina: The Argentine govt changed the name of the Gasoducto NĂ©stor Kirchner to Gasoducto Perito Moreno.
Sinopec Showcases Green Development Achievements at COP29Â
(Sinopec, 15.Nov.2024) — In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical […]
Equinor Finds Oil and Gas in the North Sea
(Energy Analytics Institute, 15.Nov.2024) — Norway’s Equinor said an exploration well with sidetrack has been drilled about 10 km north of the Troll field in the North Sea where petroleum was struck in both well trajectories. The discovery is estimated to hold between 13-28 million barrels of oil equivalent (MMboe), […]
CFE Readies for Tropical Storm Sara
(Energy Analytics Institute, 15.Nov.2024) — The Federal Electricity Commission (CFE) said it has specific plans for emergency response, of which the priority is to establish the mechanisms for timely decision-making in the event of the electricity supply being affected by natural phenomena. According to the trajectory forecast and the radius […]
bp, Equinor, Shell and TotalEnergies to Boost Access to Energy (PDF Download)
(Equinor, 15.Nov.2024) — bp, Equinor, Shell and TotalEnergies announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a $500mn joint investment […]
Fluor-led JV to Proceed for Expansion of Nuclear Plant in Romania
(Fluor, 15.Nov.2024) — Fluor Corporation announced that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony […]
PNM Reaches Settlement in Principle in 2025 Rate Request
(Energy Analytics Institute, 15.Nov.2024) — PNM, a wholly-owned subsidiary of TXNM Energy, filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM’s 2025 Rate Request application. In order to facilitate the completion of a comprehensive stipulation, parties filed […]
NASA, Peru Agree to Study Potential Sounding Rocket Campaign
(NASA, 14.Nov.2024) — NASA and Peru’s National Commission for Aerospace Research and Development (CONIDA) laid the groundwork for a potential multi-year scientific rocket launch campaign in the South American country. Both countries signed a non-binding memorandum of understanding Thursday that includes safety training, a joint feasibility study for the potential […]
Saipem inks $1.9bn contract for GranMorgu project offshore Suriname
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 14.Nov.2024, Words: 418) — Saipem has been awarded an $1.9bn EPCI contract by TotalEnergies subsidiary TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project offshore Suriname. Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance […]
Ovintiv Inks $2.4bn to Add Core Oil-Rich Montney Assets
(Ovintiv, 14.Nov.2024) — Ovintiv Inc.entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd., in an all-cash transaction valued at approximately $2.377bn (C$3.325bn). Upon closing, the acquisition will add approximately 70 MBOE/d of production (approximately 25 Mbbls/d of oil and condensate), 900 net 10,000 foot equivalent […]
Ecopetrol Eyes Greater Gas Availability for Dec. 2024
(Energy Analytics Institute, 14.Nov.2024) — Bogotá-based Ecopetrol continues with efforts aimed at delivering natural gas to the Colombian market. To this end, the state-owned company plans to offer a firm 18 GBTUD of gas in additional to the 16 GBTUD announced last week, for a total of 34 GBTUD, the company […]
Citgo Petroleum Reports 3Q:24 Results
(Citgo, 14.Nov.2024) — Citgo Petroleum Corporation reported its 2024 third quarter financial and operational results. High throughput volume contributed to a third quarter net income of $66mn, EBITDA (1) of $281mn, and Adjusted EBITDA of $290mn compared with a net loss of $25mn, EBITDA of $162mn and Adjusted EBITDA of […]
Mexico to present long-term PEMEX plan
MEXICO CITY, MEXICO (By S&P, 14.Nov.2024, Words: 840) — Mexico’s new government is expected Nov. 13 to present its long-term plan for Pemex as it prepares to modify the state oil and gas company’s bylaws to streamline its operations. Pemex management has given some hints at what is to be […]
Colombian Gov’t Eager for Post-fossil Fuels Economy. But Costs are a Barrier
BOGOTA, COLOMBIA (AP, 14.Nov.2024) — Colombia’s fiery left-wing President Gustavo Petro is one of the biggest opponents of fossil fuels on the world stage today, with speeches that lump oil and coal with cocaine as his country’s “three poisons.” He’s set a goal of weaning Colombia off those fossil fuels, […]
Woodside’s Trion development cuts first steel for fabrication of FPU
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 14.Nov.2024) — Australian energy giant Woodside Energy announced the start of steel fabrication for the semi-submersible floating production unit (FPU) for its operated Trion development offshore Mexico where first oil production is slated for 2028. The first cutting of steel for the […]
Massive New IPO to Hoist Venture Global Into Energy Elite
(Bloomberg, 14.Nov.2024) — Venture Global LNG Inc. is poised to join the upper echelon of US energy companies that includes Occidental Petroleum Corp. and PG&E Corp. with one of the world’s biggest IPO’s of the year. The Gulf Coast natural gas exporter’s plan to file for an initial public offering […]
ARX: An Adventure in the World of Engineering and DesignÂ
(Pini Group, 14.Nov.2024) — By expanding its expertise and integrating several complementary competencies through both organic growth as well as mergers and acquisitions over the last few years, Pini Group has undergone a significant evolution, transforming into a new entity. This growth and diversification have turned the group into a […]
Paratus Successfully Uplists to Euronext Oslo Børs
(Energy Analytics Institute, 13.Nov.2024) — Paratus Energy Services Ltd.‘s shares have been transferred from Euronext Growth Oslo and admitted to trading on Oslo Børs under the same ticker as on the Euronext Growth Oslo, “PLSV”. The action is effective on 13 Nov. 2024, Parts announced 13 Nov. 2024 in an […]
Pemex lays out strategic lines for 2024-2030
MEXICO CITY, MEXICO (Pemex, 13.Nov.2024, Words: 833) — During the morning conference “las mañaneras del pueblo”, held by Mexican President Dr. Claudia Sheinbaum Pardo, PetrĂłleos Mexicanos (Pemex) CEO VĂctor RodrĂguez Padilla introduced the proposed strategic lines for the company for 2024-2030 term to be implemented to strengthen the institution, as […]
RSPO Members Adopt Principles and Independent Smallholder Standard
(RSPO, 13.Nov.2024) — Following the annual Roundtable Conference on Sustainable Palm Oil (RT2024), RSPO Members voted to adopt the 2024 RSPO Principles and Criteria (P&C) and Independent Smallholder (ISH) Standard during the 21st RSPO General Assembly (GA21). The adoption marks a new chapter in realising the global partnership’s vision to […]
Exxon, Hess and CNOOC Hit 500 MMbbls Milestone Offshore Guyana
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Nov.2024) — ExxonMobil Guyana Limited and its Stabroek Block co-venturers, Hess Corporation and CNOOC reached an offshore oil production milestone of 500 million barrels of oil in under 5 years. “Our unrivaled success in developing Guyana’s oil resources at an industry-leading pace, […]
EP PetroEcuador Eyes Exports of 7,920,000 bbls
(Energy Analytics Institute, 13.Nov.2024) — Between Nov. 2024 and Jan. 2025, EP PetroEcuador looks to export 7,920,000 barrels of crude oil, generating revenues of approximately $496mn. The projected exports and revenues highlight the importance of international oil trade as a vital source of income for Ecuador, the state-owned company announced […]
Coterra Reveals Accretive Permian Basin Acquisitions
(Coterra, 13.Nov.2024) — Coterra Energy Inc. has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95bn, consisting of $2.95bn of cash and $1bn of Coterra common stock, issued to one of the sellers, […]
GeoPark Reports Exploration Success at Confluencia Norte
(Chad Archey, Energy Analytics Institute, 12.Nov.2024) — GeoPark Limited announced the successful start of production in the Confluencia Norte Block in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark’s partnership with Phoenix Global Resources (PGR) in the Vaca Muerta formation. The Confluencia Norte Block (GeoPark non-operated, 50% […]
Touchstone Reports 3Q:24 Results (PDF Download)
(Touchstone, 13.Nov.2024) — Touchstone Exploration Inc. reported financial and operating results for the three and nine months ended 30 Sep. 2024 and updated 2024 guidance. Third Quarter 2024 Financial and Operating Highlights • Achieved average quarterly production of 5,211 boe/d (75% natural gas), a 54% increase relative to 3,391 boe/d […]