(East Daley Analytics, 25.Oct.2024) — Kinder Morgan (KMI) has launched a binding open season for Trident Intrastate Pipeline, a new project designed to deliver up to 2.8 Bcf/d of gas from the Katy hub to the Port Arthur area near the Texas-Louisiana border. With Golden Pass LNG on board as […]
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.
Golden Minerals Inks Binding Deal to Divest Yoquivo Gold-Silver Project
(Golden Minerals, 25.Oct.2024) — Golden Minerals Company signed a binding agreement to sell its Yoquivo gold-silver project (located in Chihuahua State, Mexico) to Advance Metals Limited (AVM), an ASX-listed entity focused on the acquisition, discovery, and advancement of high-quality metals projects. Under the terms of the agreement, AVM shall purchase […]
Argentina Oil & Gas Patagonia: 24 Oct. Photo Journal
(Energy Analytics Institute, 24.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
Eni Set Outs Decarbonization and Relaunch Plan for Versalis
(Eni, 24.Oct.2024) — As first announced at the presentation of its 2024-2027 Strategic Plan, Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about €2bn of investment and aims to reduce emissions by approximately 1 million […]
MidOcean Completes Purchase of 15% Interest in Peru LNG from Hunt Oil
(Energy Analytics Institute, 24.Oct.2024) — MidOcean Energy, formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15% interest in Peru LNG (PLNG) from Hunt Oil Company. MidOcean’s interest in PLNG now stands at 35%, while Hunt will remain the operator of PLNG, […]
Agnico Eagles Reveals Investment in Apex Resources
(Energy Analytics Institute, 24.Oct.2024) — Agnico Eagle Mines Limited agreed to subscribe for 33,869,939 units of ATEX Resources Inc. in a non-brokered private placement at a price of C$1.63 per unit for total consideration of US$40,000,000 (approximately C$55,208,000). Each unit consists of 1 common share of ATEX and one-half of […]
Aris Mining Prices $450mn Senior Notes Offering
(Energy Analytics Institute, 24.Oct.2024) — Aris Mining Corporation priced its offering of 8.000% Senior Notes due 2029. The offering, which was for $450mn, is expected to close on or about 31 Oct. 2024, said Aris, a gold miner in the Americas, in an official statement posted on its website on […]
TechnipFMC Announces 3Q:24 Results (PDF Download)
(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production systems contracts, from the U.S. Gulf of Mexico on the bp Kaskida project, as well as other projects. ____________________ By Editors at Energy Analytics Institute. […]
Guyana’s President Ali Discusses National Healthcare Vision in Panel Session
(Hess Corp., 24.Oct.2024) — Guyana’s progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual Summit in New York City. The panel featured Guyana’s President, H.E. Dr. Mohammed Irfaan Ali, who was joined by Hess Corporation CEO John Hess and […]
Clariant Recognized by Petrobras with Suppliers Award for Health and Wellness
(Clariant, 24.Oct.2024) — Clariant Oil Services, a producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, was honored with the Petrobras Best Suppliers Award in the Health category for its VIVAZ Program. This wellness initiative fosters positive habits and holistic well-being for employees […]
Mexico Pacific working with financial advisors for financing for Saguaro LNG, executive says
HOUSTON, TEXAS (Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (MTPA) Saguaro EnergĂa LNG Facility on Mexico’s Pacific Coast and and the associated Sierra Madre Pipeline, continues with work related to a final investment decision (FID) […]
Viridien and SLB Complete Data acquisition in Bonaparte Basin, Offshore Australia
(Energy Analytics Institute, 24.Oct.2024) — Viridien and SLB recently completed the acquisition of a new multi-client survey in the Bonaparte Basin, off the NW coast of Australia, that has received industry support and prefunding. The resulting ~6,760 km2 ultramodern PSDM seismic data set will provide a thorough evaluation of this […]
Petrobras to Invest BRL60mn in BRAVO Buoy’s Phase Two
(Petrobras, 24.Oct.2024) — Petrobras will invest BRL 60mn in a new sea wind testing and measuring phase by releasing new BRAVO buoy units to collect, monitor, and assess offshore wind resources. The technology, designed in an unprecedented way for the Brazilian sea, is the outcome of a successful R&D I […]
US Treasury Releases Final Rules to Onshore Clean Energy Technologies
(U.S. Department of the Treasury, 24.Oct.2024) — Today, the U.S. Department of the Treasury and the IRS released final rules for the Advanced Manufacturing Production Credit (Section 45X of the Internal Revenue Code), to spur continued growth of U.S. clean energy manufacturing as part of President Biden and Vice President […]
Eni Inks Deal for KKR to Enter Enilive’s Share Capital
(Eni, 24.Oct.2024) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938bn. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500mn; 2) […]
Eni’s BODs on Distribution to Shareholders
(Eni, 24.Oct.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to shareholders the second of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of €0.25 (compared to a total annual provision, in place of the dividend, equal […]
EQT Hits Net Zero Scope 1 and Scope 2 GHG Â Emissions Target Ahead of 2025 Â
(EQT, 23.Oct.2024) — EQT Corporation has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas (“GHG”) emissions1 across the company’s legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT’s upstream operations, inclusive of the recently acquired Tug Hill/XcL Midstream and Alta […]
Argentina Oil & Gas Patagonia: 23 Oct. Photo Journal
(Energy Analytics Institute, 23.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
With Sweeping Blackouts in Cuba Why Has the Island’s Solar Buildout Been so Slow?
(AP, 23.Oct.2024) — Cuba’s large-scale blackouts that left 10 million people without power this month may not have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say. In a nation with plentiful sunshine, Cuban officials have long had […]
MODEC Completes Errea Wittu Hull Assembly
(Energy Analytics Institute, 23.Oct.2024) — MODEC, Inc. successfully completed the hull block assembly for the Errea Wittu FPSO 40 days ahead of the original schedule. The vessel to be designated for Guyana is under construction at the shipyard in China and is expected to start oil production in 2026, MODEC […]
Core Laboratories Reports 3Q:24 Results (PDF Download)
(Core Lab, 23.Oct.2024) — Core Laboratories Inc. reported third quarter 2024 revenue of $134,400,000. Core’s operating income was $19,800,000, with diluted earnings per share (“EPS”) of $0.25, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $18,200,000, yielding operating margins of […]
Venezuela’s Maduro proposes new economy at BRICS Plus Summit
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 165) — During the plenary session of the XVI BRICS Plus Summit held in the Russian city of Kazan, Venezuela’s President Nicolás Maduro Moros emphasized the need for a new economic agenda with what he called practical solutions to the […]
Equinor to Begin 4th tranche of share Buy-Back for 2024
(Equinor, 23.Oct.2024) — Equinor will on 25 Oct. 2024 commence the fourth and final tranche of up to $1.6bn of the share buy-back programme for 2024, as announced in relation with the third quarter results 24 Oct. 2024. In this fourth tranche, shares for up to $528mn will be purchased […]
Equinor Reports 3Q:24 Total Equity Production of 1,984 Mboe/d
(Equinor, 23.Oct.2024) — Equinor delivered adjusted operating income* of $6.89bn and $2.04bn after tax in the third quarter of 2024. Equinor reported net operating income of $6.91bn and net income at $2.29bn. Adjusted net income* was $2.19bn, leading to adjusted earnings per share* of $0.79. Financial and operational performance Strategic […]
Pemex Looks to Boost Reserves During Sheinbaum Presidency
(Reuters, 23.Oct.2024) — Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia Sheinbaum, according to an internal Pemex document seen by Reuters on Wednesday. It will also intensify deepwater exploration and develop new business models to attract […]
Venezuela’s Maduro and Russia’s Putin discuss strategic alliances during BRICS Summit
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2024, Words: 211) — Venezuela’s President Nicolás Maduro held at least one meeting with his Russian counterpart Vladimir Putin within the framework of the XVI BRICS summit, taking place in Kazan, Russia. Discussions between the two leaders revolved around strategic relations between Caracas and […]
Bureau Veritas Reports Strong 3Q:24 Organic Revenue Growth
(Bureau Veritas, 23.Oct.2024) — France-based Bureau Veritas provided an update of its third-quarter 2024 financial and operations details. Hinda Gharbi, Chief Executive Officer, commented: “We continued the execution of our LEAP |28 strategy in the third quarter, and we are actively managing our portfolio. We have completed three acquisitions, representing […]
Mexico to offer monetary assistance to Cuba amid blackouts impacting the island
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 23.Oct.2024, Words: 111) — Mexico’s president Claudia Sheinbaum said her government would offer Cuba, which is suffering from widespread blackouts, monetary assistance as well as assistance through the Federal Electricity Commission (CFE by its Spanish acronym). Sheinbaum, speaking on 23 Oct. 2024 […]
bpTT’s Mento platform nears sail away
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 207) — Trinidad and Tobago acting prime minister and head of the Ministry of Energy and Energy Industries (MEEI), Stuart Young, toured the Mento platform at the TOFCO fabrication yard on 23 Oct. 2024. Young toured the facility accompanied by […]
Dover Fueling Solutions Launches New EV Charger
(Dover, 23.Oct.2024) — Dover Fueling Solutions (“DFS”), a part of Dover and a global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of the Wayne PWR™ DC fast charger. This new electric vehicle charger (EVC) addresses critical market gaps in […]
GeoPark Argentina Approved to Issue up to $500mn in Debt
(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited’s wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (ComisiĂłn Nacional de Valores or “CNV” by its Spanish acronym) to issue up to $500mn in debt securities over the next five years. Additionally, GeoPark Argentina has obtained an “AA+(arg)” […]
Nabors Reports 3Q:24 Results, Updates on Saudi Arabia (PDF Downloads)
(Nabors, 22.Oct.2024) — Nabors Industries Ltd. reported third quarter 2024 operating revenues of $732mn, compared to operating revenues of $735mn in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $56mn, compared to a net loss of $32mn in the second quarter. This equates to […]
Smoke Development on the Sleipner B Platform
(Equinor, 22.Oct.2024) — Equinor announced that the emergency vessels Skandi Mongstad and Esvagt Bergen have used seawater to cool down the Sleipner platform from a distance during the day. The vessels will remain stationed outside the unmanned Sleipner B platform and monitor the situation for as long as necessary. A […]
GeoPark Limited’s Mata Mora Norte Block Producing over 12,500 boe/d
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited said the Mata Mora Norte Block is currently producing over 12,500 barrels of equivalent oil per day (boe/d) gross and is expected to generate $90mn-$100mn in adjusted EBITDA in the full-year 2024 on a pro-forma basis. By the 2028-2030 […]
Brooklyn to Receive a Charge From Electric School Bus BatteriesÂ
(First Student, 22.Oct.2024) — The Brooklyn community is on the brink of a transformative change, as the electrification of school buses promises to drastically reduce emissions, eliminate noise pollution, and lead the charge against climate change. Student transportation and electrification leader, First Student, along with Con Edison, one of the […]
Tourmaline and Clean Energy Open CNG Stations in Western Canada
(Tourmaline, 22.Oct.2024) — Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada’s first commercial-grade public CNG fueling network. The new locations in Calgary and Grande […]
EU Backs CCUS Project at Cemex’s Rüdersdorf Cement Plant
(Cemex, 22.Oct.2024) — A consortium comprised of Cemex and Linde, a global industrial gases and engineering company, has been selected to receive €157mn in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex’s RĂĽdersdorf Cement Plant in Germany. The project, Cemex’s largest planned Carbon Capture […]
TGS Expands Benin Megasurvey to Reveal Untapped Potential
(TGS, 22.Oct.2024) – TGS announces the expansion of 3D seismic coverage for its Benin MegaSurvey, in collaboration with SociĂ©tĂ© Nationale des Hydrocarbures du BĂ©nin (SNH-B). This strategic initiative aims to deepen our understanding of the region’s subsurface geology and unlock its untapped hydrocarbon potential. With this expansion, TGS will add […]
Argentina Oil & Gas Patagonia: 22 Oct. Photo Journal
(Energy Analytics Institute, 22.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
Venezuela Arrests Former Oil Minister Tellechea
(Reuters, 21.Oct.2024) — Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General Tarek Saab said on Monday, the latest high-profile detention connected to management of Venezuela’s sanctioned oil industry. In a statement on Instagram, Saab said Tellechea had been arrested in the early hours of Sunday […]
CNOOC Says Xijiang 30-2 Oilfield Xijiang 30-1 Development Starts Production
(Energy Analytics Institute, 21.Oct.2024) — CNOOC Limited and 80883 announced that the Xijiang 30-2 Oilfield Xijiang 30-1 block development project commenced production ahead of schedule. The project is located in eastern South China Sea in an average water depth of about 98 m, CNOOC said 21 Oct. 2024 in an official […]
Petrobras Reveals 3Q:24 Results Details
(Energy Analytics Institute, 21.Oct.2024) — Petrobras will release its 3Q:24 Production and Sales Report on 28 Oct. 2024 and its 3Q:24 Financial Performance Report on 7 Nov. 2024, both after the markets close. On 8 Nov. 2024, a webcast will be held to present the company’s results for the 3Q:24. […]
Mexico gas consumption up during Jan.-Sep. 2024, French IEA says
MEXICO CITY, MEXICO (Energy Analytics Institute, 20.Oct.2024, Words: 130) — The Paris-based International Energy Agency (IEA) commented on Mexican natural gas demand in its most recent report. In Mexico, gas consumption grew by an estimated 2% or 1.5 billion cubic meters (bcm) year-over-year in the first-nine months of 2024 amid […]
PEP Reveals Goals and Actions for 2024-2030 Â
(Energy Analytics Institute, 19.Oct.2024) — Pemex Exploration and Production (PEP) announced actions and goals it will pursue during the 2024-2030 timeframe under Mexico’s new President Claudia Sheinbaum. Actions to strengthen PEP include:• Strengthening and increasing exploratory activity with 3D seismic, in order to promote new developments.• New developments will be […]
Ecopetrol Appoints Carlos Mauricio Avila Saldarriaga as VP
(Ecopetrol, 18.Oct.2024) — Ecopetrol S.A. revealed the following senior management appointments, which were made effective as of 16 Oct. 2024: Carlos Mauricio Avila Saldarriaga was appointed as Vice President of Subsidiaries and Assets with Partners. Carlos is a Petroleum Engineer from Universidad AmĂ©rica, with further education in finance, project management […]
IEA: Shipping Route Interruptions in 3Q:24
(International Energy Agency, 18.Oct.2024) — The strong momentum behind LNG project development continued in 2024 even with no US projects reaching final investment decision Since Russia’s full-scale invasion of Ukraine, over 150 bcm per year of LNG liquefaction capacity has been approved. The United States alone accounted for 75% of […]
IEA: Colombia 3Q:24 Gas Market Report Update
(International Energy Agency, 18.Oct.2024) —  In Colombia in Jan. 2024 the government declared a national disaster situation for a period of 12 months due to the impact of the El Niño weather phenomenon, which brought extreme drought and sizzling heatwaves. While Colombia’s hydropower output decreased by over 25% y-o-y from […]
![SLB Reports Rise in LatAm Revenues in 3Q:24 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2024/10/SLB_Signage_-_San_Filipe-2677.jpg)
SLB Reports Rise in LatAm Revenues in 3Q:24 [PDF Downloads]
(Energy Analytics Institute, 18.Oct.2024) — SLB announced that its revenue in Latin America reached $1.69bn in the third-quarter 2024, down 3% sequentially, reflecting lower production system sales in Brazil and reduced drilling activity in Mexico and Guyana. Year over year, SLB said 18 Oct. 2024 in its official third-quarter 2024 […]
Fact sheet: Citgo Petroleum’s US refineries, terminals, and pipelines
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Oct.2024, Words: 185) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have a combined total refining capacity of approximately 807,000 b/d. Each refinery has the capability to process large volumes […]
LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said.