(East Daley, 5.Nov.2024) — Haynesville production has fallen over 3 Bcf/d so far in 2024 in a weak natural gas market, dragging volumes down on many of the largest gathering systems. But DT Midstream (DTM) so far has resisted the Haynesville slump and is looking ahead to a new expansion […]
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.
VinFast and Durango Union Ink MOU on Green Transition
(VinFast, 4.Nov.2024) — VinFast and the Durango Drivers’ Union in Mexico signed a Memorandum of Understanding (MOU) to collaborate on the green transition of public transport, including the potential purchase of 3,000 VF 5 electric cars and 300 electric buses by Durango Driver’s Union for operation in Mexico. This strategic partnership underscores […]
TotalEnergies Energy Outlook 2024 (PDF Download)
(TotalEnergies, 4.Nov.2024) — To contribute to the public debate on the energy transition, TotalEnergies is publishing the 6th edition of its “TotalEnergies Energy Outlook”, which presents three scenarios for the possible evolution of the demand and the global energy system up to 2050 (documents available at this link). TotalEnergies Energy […]
TotalEnergies to Supply 2 mtpa of LNG to Sinopec for 15 Years
(Energy Analytics Institute, 4.Nov.2024) — TotalEnergies signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tonnes per annum (mtpa) of LNG for 15 years, starting in 2028. With the agreement, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the […]
SACE and Open-es to Boost Competitiveness of Italian Companies
(Eni, 4.Nov.2024) — SACE and Eni announced a strategic partnership to promote synergies through the Open-es alliance. The aim of the agreement is to strengthen support for Italian companies, especially SMEs, in their growth journey by combining sustainability and competitiveness. This includes the integration of the Open-es and SACE ESG […]
Eni Completes Divestment of Assets in Alaska to HilcorpÂ
(Energy Analytics Institute, 4.Nov.2024) — Italy’s Eni closed the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of $1bn. The deal received the approval of all relevant authorities, and is in line with Eni’s strategy focused on the rationalization of the […]
Phillips 66 Nears Non-Core $3bn Asset Divestment Target
(Energy Analytics Institute, 4.Nov.2024) — Phillips 66 is very close to achieving its $3bn non-core asset divestment target, the company said in its most recent investor update. Phillips 66 has achieved $2.7bn of the target, the company announced in its Nov. 2024 investor update presentation on its website. The deal […]
Touchstone Initiates Output at Cascadura C Well Pad in Trinidad
(Energy Analytics Institute, 4.Nov.2024) — Touchstone Exploration Inc. initiated production at the Cascadura C well pad onshore Trinidad and Tobago. Touchstone has safely commissioned the flowline connecting our Cascadura C surface location to the Cascadura natural gas processing plant, which ties in our Cascadura-2ST1 and Cascadura-3ST1 wells, Touchstone announced 4 […]
Alterra, Neste and Technip Offer Solutions to Build Chemical Recycling Plants
(Alterra, 4.Nov.2024) — Alterra, Neste and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as “advanced recycling”. The partners aim to globally offer a standardized modular solution, based on Alterra’s proprietary […]
Diamondback Reports 3Q:24 Results, Updates on Endeavor Deal
(Diamondback, 4.Nov.2024) — Diamondback Energy, Inc. announced financial and operating results for the third-quarter 2024 (3Q:24). THIRD QUARTER 2024 HIGHLIGHTS TRP ENERGY TRADE ____________________
Texas LNG Selects Kiewit as EPC Contractor for 4 MTPA Brownsville Facility
(Pietro D. Pitts, Energy Analytics Institute, 4.Nov.2024) — Texas LNG Brownsville LLC subsidiary of Glenfarne Energy Transition, LLC selected Kiewit, through its subsidiaries Kiewit Engineering Group Inc. and Kiewit Energy Group Inc., to lead the engineering, procurement, and construction (EPC) of the proposed Texas LNG 4 million tonnes per annum […]
Guyana and Suriname Could Provide 12 mmtpa of LNG in the 2030s
(Wood Mackenzie, 4.Nov.2024) — Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie. According to Wood Mackenzie’s report “Can Guyana and Suriname LNG compete against new global supply?”, Guyana and Suriname […]
![“LatAmNRG matters” podcast: George Baker on Mexico LNG last mile issues [audio]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/zacatecas-foto-mexico.jpg)
“LatAmNRG matters” podcast: George Baker on Mexico LNG last mile issues [audio]
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 4.Nov.2024, Words: 282) — Baker & Associates head George Baker, who published Mexico Energy Intelligence, spoke with Pietro D. Pitts—for his Podcast “LatAmNRG Matters”—about Mexico, PetrĂłleos Mexicanos (Pemex), the ComisiĂłn Federal de Electricidad (CFE), the “Zama Drama,” Carlos Slim, and AndrĂ©s Manuel […]
TGS and Aquila Complete Utsira OBN Reprocessing Project
(Viridien, 4.Nov.2024) — Viridien and its partners TGS and Aquila Holdings ASA (under its subsidiary Axxis Multi-client AS) announced completion and delivery of the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea. The reprocessing project has received significant industry support and leverages strong […]
enCore Reveals 5 Year Uranium Contracting Strategy Outlook
(enCore Energy, 4.Nov.2024) — enCore Energy Corp., a uranium producer, revealed the company’s contracting strategy and 5 year forward outlook regarding its uranium sales agreements.  As of 31 Oct. 2024, the company has executed seven (7) contracts to supply uranium to nuclear power plants in the US and holds one […]
MDU Resources Completes Spinoff of Everus
(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of the spin-off, Everus is now an independent public company, MDU announced 1 Nov. 2024 in an official statement. “The successful spinoff of Everus within two […]
Duke Energy Responds to Carolinas Resource DecisionÂ
(Duke Energy, 2.Nov.2024) — Duke Energy issued the following statement in response to yesterday’s order by the North Carolina Utilities Commission (NCUC) on its Carolinas Resource Plan. Background On 17 Aug. 2023, Duke Energy filed its proposed Carolinas Resource Plan with the North Carolina Utilities Commission (NCUC), two days after […]
LatAm NRG matters: highlights, heard from Pampa Energia to Ecopetrol and Petrobras
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Nov.2024, Words: 489) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa Energia to neutral from buy, adjusted its price target to $75/shr v $58/shr; Citigroup also upgraded YPF to buy […]
Vizsla Silver to Move to TSX from TXXV
(Vizsla Silver, 1.Nov.2024) — Vizsla Silver Corp. received conditional approval to graduate from the TSX Venture Exchange (TSXV) and list its common shares on the Toronto Stock Exchange (TSX). Final approval of the listing is subject to the company meeting certain customary conditions required by the TSX. Upon receipt of […]
Aker Reports 3Q:24 Results, Updates on Renewable Projects (PDF Download)
(Aker Horizons, 1.Nov.2024) — Aker Horizons ASA announced results for the third quarter 2024. Aker Horizons’ net capital employed stood at NOK 6.1bn, a decrease of NOK 1bn from the second quarter, mainly driven by impairments in Mainstream. The company reported a cash position of NOK 3bn and an undrawn […]
Exxon Eyes First Golden Pass LNG Cargo in Late-2025, Woods Says
(Energy Analytics Institute, 1.Nov.2024) — ExxonMobil Corporation, which is partnered with QatarEnergy in the three-train 18 million tonnes per annum (mtpa) Golden Pass LNG project, eyes the ship off of the initial LNG cargo from the project in late 2025, Darren Woods, the chairman and CEO of the Texas-based company […]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]
ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)
(ExxonMobil, 1.Nov.2024) — Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn and free cash flow was $11.3bn. Capital and exploration expenditures were $7.2bn in the third quarter, bringing year-to-date 2024 expenditures to $20bn, in line with […]
Petrobras Responds to Rumors about Dividends, Strategic Plan
(Energy Analytics Institute, 1.Nov.2024) — Rio de Janeiro-based Petrobras, responding to news published in the Brazilian media about the payment of extraordinary dividends and about its Strategic Plan, said the news wrongly attributed to Petrobras’ Chief Financial and Investor Relations Officer, Fernando Melgarejo, are not true. “There has been no […]
Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)
(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44mn. Adjusted earnings of $4.5bn ($2.51 per share – diluted) in third quarter 2024 […]
Enbridge Eyes Final Phase of Squirrel Solar Project
(Energy Analytics Institute, 1.Nov.2024) — Enbridge Inc. will fund US$168mn towards the third and final phase of the Fox Squirrel Solar project in Ohio, which is expected to enter service in late 2024 and generate 177MW of renewable power, Enbridge said 1 Nov. 2024 in its third-quarter 2024 (3Q:24) financial […]
Tailwater E&P Buys Non-Operated Permian Basin Assets
(Energy Analytics Institute, 1.Nov.2024) — Tailwater Capital LLC acquired a significant, off-market non-operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC. The acquisition further solidifies position of Tailwater E&P LLC as an key investor in high-quality, energy-producing assets in the lower 48, Dallas-based Tailwater said […]
Enbridge Reports 3Q:24 Results, Updates on Kaskida (PDF Downloads)
(Enbridge, 1.Nov.2024) — Enbridge Inc. reported third quarter 2024 (3Q:24) financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. Highlights CEO COMMENT Greg Ebel, President and CEO commented the following: “This quarter, we concluded the successful acquisition of the three U.S. natural gas utilities […]
Commonwealth LNG and Kimmeridge Commit to Natural Gas CertificationÂ
(Kimmeridge, 1.Nov.2024) — Kimmeridge-backed Commonwealth LNG and Kimmeridge Texas Gas (KTG) announced a commitment to obtain independent certification of their natural gas operations under the protocols developed by MiQ. The initiative supports Kimmeridge’s innovative ability to deliver a “wellhead-to-water” net zero cargo for Scope 1 and 2 greenhouse gas emissions […]
PRM Acquires LMS Manufacturing, LLC
(Energy Analytics Institute, 1.Nov.2024) — Product Recovery Management, Inc. (PRM)—a manufacturer of environmental treatment equipment, focusing on the environmental remediation and landfill gas markets—acquired Marianna, Florida-based LMS Manufacturing and Metal Fabrication. PRM announced the deal 1 Nov. 2024 in an official statement but did not provide any financial details. PRM’s acquisition […]
Commonwealth LNG Launches Initiatives in SW Louisiana
(Commonwealth, 1.Nov.2024) — Commonwealth LNG, a Kimmeridge portfolio company, announced a comprehensive package of community support initiatives for Cameron Parish, Louisiana, the future site of Commonwealth’s LNG export terminal, which is anticipated to begin construction in the first half of 2025. Commonwealth’s community investments will focus on providing critical healthcare […]
C3E Recognizes Nine Leaders for Outstanding Achievements
(C3E Initiative, 1.Nov.2024) — The Clean Energy Education & Empowerment (C3E) Initiative has announced the winners of the 2024 C3E Awards, honoring nine women for outstanding leadership and accomplishments in clean energy. The C3E Initiative aims to close the gender gap and increase the participation, leadership, and success of women in clean […]
Enbridge Notifies of Series 9 Preferred Shares Conversion Right
(Enbridge, 1.Nov.2024) — Enbridge Inc. does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 on 1 Dec. 2024. As a result, subject to certain conditions, the holders of the Series 9 Shares have the right to convert all or part of […]
Shell Reports Sequential Rise in 3Q:24 Production
(Energy Analytics Institute, 31.Oct.2024) — Shell plc completed a number of scheduled maintenance activities ahead of time, which paved the way for higher production, Shell CFO Sinead Gorman said 31 Oct. 2024 during the company’s third-quarter 2024 (3Q:24) webcast with analysts. Shell reported total production of 1.811 Mboe/d in the […]
Shell Reports 3Q:24 Results, Announces $3.5bn Buyback (PDF Downloads)
(Shell, 31.Oct.2024) — Shell Plc reported third-quarter 2024 (3Q:24) adjusted earnings of $6bn, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing. Shell’s cash flow from operations (CFFO) of $14.7bn for the 3Q:24 includes a working capital inflow of $2.7bn; […]
Coterra Reports 3Q:24 Results, Declares Dividend (PDF Download)
(Coterra, 31.Oct.2024) — Coterra Energy Inc. reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. “Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through […]
ConocoPhillips to close Marathon deal in 4Q:24
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Oct.2024, Words: 310) — ConocoPhillips anticipates closing the planned acquisition of Marathon Oil in the fourth-quarter 2024 (4Q:24). The Houston-based company also expects to exceed an initial synergy guidance of $500mn. “We’re still on track to close this quarter. In the meantime, integration […]
ConocoPhillips Reports 3Q:24 Results, Updates on Marathon
(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]
Expand Energy Reveals 2025 Capex Plan, Comments on Chesapeake
(Expand Energy, 31.Oct.2024) — Expand Energy Corporation reported third-quarter 2024 financial and operating results. In addition, the company provided its preliminary 2025 capital and operating plan and announced details regarding its enhanced capital return framework. On 1 Oct. 2024, Expand Energy announced the completion of the previously disclosed merger between […]
SM Energy Reports 3Q:24 Results (PDF Download)
(SM Energy, 31.Oct.2024) — SM Energy Company reported operating and financial results for the third quarter 2024 (3Q:24) and provided certain full year and fourth quarter 2024 guidance. Excellent operational execution drove strong third quarter results including: ____________________
Baker Hughes Launches Advanced Oxygen Analyzer
(Baker Hughes, 31.Oct.2024) — Baker Hughes launched the XMO2pro, a new and advanced oxygen analyzer designed to ensure greater levels of stability, accuracy and reliability. Oxygen gas analysis is key to safety, efficiency and control in industrial and energy processes – the presence of oxygen can cause corrosion and, when […]
Ecopetrol and Petrobras to continue exploration offshore Colombia
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Oct.2024, Words: 219) — Colombia’s state-owned Ecopetrol S.A. said the Santa Marta Tribunal issued a favorable decision regarding an appeal against the claim (acciĂłn de tutela) filed by the Indigenous Council of Taganga. This new ruling allows Ecopetrol and its Brazilian counterpart […]
TotalEnergies CEO to Argentina’s Javier Milei: “We Want Our Money Back”
HOUSTON, TEXAS (Energy Analytics Institute, 31.Oct.2024) — TotalEnergies chairman and CEO Patrick PouyannĂ© told analysts during the company’s third-quarter 2024 (3Q:24) webcast that the French company wants its money in Argentina. “Argentina is a specific country where you cannot repatriate dividends freely. So as long as it remains the same, […]
COP Reports 3Q:24 Results, Boosts Quarterly Dividend (PDF Downloads)
(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]
AES Reports 3Q:24 Results; Boasts 1.2 GW of Construction (PDF Download)
(AES, 31.Oct.2024) — The AES Corporation reported financial results for the quarter ended 30 Sep. 2024. “Our third quarter financial results and strategic accomplishments were very much in line with our expectations. Since our last call, we have signed or been awarded 2.2 GW of long-term contracts for renewables or […]
Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project
(Reuters, 31.Oct.2024) — Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer […]
TotalEnergies Reports 3Q:24 Results, Output of 2.41 MMboe/d (PDF Downloads)
(TotalEnergies, 31.Oct.2024) — TotalEnergies SE reported its third quarter 2024 (3Q:24) results, including upstream production of 2.41 MMboe/d. Production benefited from the ramp up of Mero 2 in Brazil that partially offset production losses at Ichtys LNG and in Libya. ____________________
Petrobras 3Q:24 Hydrocarbon Production in Two Charts
(Energy Analytics Institute, 31.Oct.2024) — Brazil’s state-owned Petrobras reported total hydrocarbon production of 2,689 Mboe/d in the third quarter 2024 (3Q:24), down 0.8% sequentially compared to the 2Q:24 and down 7.9% compared the 3Q:23. RELATED STORY: Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download) Importantly, Petrobras was forced to […]
EAI’s NRGBriefs Oct. 2024: GranMorgu, Uchuva gas potential offshore Colombia
HOUSTON, TEXAS (Energy Analytics Institute, 31.Oct.2024) — Energy briefs as well as others related to finance and projects during Oct. 2024 including TotalEnergies and APA Corp. announcing a $10.5bn FID for the GranMorgu development on Block 58; Mexico Pacific and its $15bn FID for the first phase of Saguaro EnergĂa […]
Mark the Date: 3rd Caracas Gas Forum 2024 Set for 7 Nov.
(Energy Analytics Institute, 30.Oct.2024) — Participate in the third edition of the Caracas Gas Forum 2024, which will focus on promoting decarbonization and security of regional supply. ____________________ By Editors at Energy Analytics Institute. More online at www.Energy-Analytics-Institute.org NOTE: Energy Analytics Institute (EAI) is an official media partner for the […]