(Energy Analytics Institute, 18.Oct.2024) — France’s TotalEnergies inked an agreement to divest its fuel distribution activities in Brazil to the Brazilian company SIM Distribuidora. The divestment involves a network of around 240 filling stations and several storage facilities for petroleum products and ethanol, TotalEnergies said 18 Oct. 2024 in an […]
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.
Plenitude Starts Construction of New 220MW Solar Plant in Villarino de los Aires in Spain
(Eni, 17.Oct.2024) — Plenitude has started the construction works in Villarino de los Aires (Salamanca, Spain) of a solar plant, with a future installed capacity of 220 MW, that will be among the largest in Castilla y LeĂłn. The cornerstone laying ceremony held today was attended by representatives of the […]
EAI brief: Amber Energy CEO resigns from Exxon’s BODs
HOUSTON, TEXAS (By editors with Energy Analytics Institute, 17.Oct.2024, Words: 65) — Amber Energy CEO Gregory J. Goff resigned as a member of the board of directors of Exxon Mobil Corporation to pursue other business opportunities. Exxon revealed the details in an 17 Oct. 2024 Form 8-K filing with the […]
Greening to Build 60 MWac Solar Plant in Indiana
(Greening Group, 17.Oct.2024) — Greening, a diversified company focused on the generation, construction of projects, and commercialization of renewable energy, has been awarded the construction of a 60 MWac photovoltaic power generation plant that will supply renewable energy to a major technology company at one of its facilities in the […]
Mexican Senate Votes to Give Constitutional Preference to CFE
(Reuters, 17.Oct.2024) — Mexico’s Senate voted to amend the country’s constitution late on Wednesday to give dispatch preferences to state electricity company CFE, cementing the national power generator’s preferential status above foreign or private competitors. The initiative passed the upper chamber of Congress with 86 votes to 39, meeting the […]
SLB Reveals Definitive Deal to Divest Its Interests in Palliser Block
(Energy Analytics Institute, 17.Oct.2024) — SLB has entered into a definitive agreement to divest its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights, SLB said 17 Oct. 2024 […]
Equinor’s 3Q:24 Safety Results
(Equinor, 17.Oct.2024) — Equinor’s overall long-term safety trend continues to move in a positive direction, but the total number of injuries has increased somewhat by the end of the third quarter, measured over the previous twelve months. At the end of the third quarter of 2024 the serious incident frequency […]
Israel Conflict Gains Grip as Output: Rystad Says
(Rystad, 17.Oct.2024) — Here is Rystad Energy’s market update from Middle East Research Director, Aditya Saraswat. “Tensions are persisting in the Middle East and the humanitarian toll is climbing. Energy market fundamentals have been largely unaffected to date, but this could change at a moment’s notice. In a widespread regional […]
CNOOC Inks 4 Contracts for Blocks Offshore Brazil
(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum (ANP) and the partners in the Pelotas Basin. The contracts were signed for S-M-1813 in the Santos Basin, P-M-1737/39/97 in the […]
Phillips 66 to Shut Refinery, End Gasoline Output in Los Angeles
(Reuters, 16.Oct.2024) — Phillips 66 said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California’s fuel supply amid complaints about the state’s high prices. Phillips 66 CEO Mark Lashier cited “market dynamics” for the decision. The Los Angeles facility provides lower profits than other company oil processing plants, a […]
Overview: Shell Deer Park
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Oct.2024) — Just before the Great Depression, Shell became the first manufacturer to call Deer Park home in 1929. At that time, Deer Park had no other businesses or buildings in what is now a bustling community about 20 miles east of downtown […]
Phillips 66 to Cease Operating LA Refinery in 4Q:25
(Energy Analytics Institute, 16.Oct.2024) — Phillips 66 will cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. Phillips plans to work with authorities from the state of California to supply fuel markets and meet ongoing consumer demand. Approximately 600 employees and 300 contractors currently operate the […]
![Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/03/IMG_2590-sangomar-source-modec-scaled.jpg)
Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]
(Woodside, 16.Oct.2024) — Woodside Energy reported record third-quarter 2024 production of 53.1 MMboe (577 Mboe/d), up 20% sequentially from the second-quarter 2024 due to ramp-up of Sangomar offshore Senegal, increased uptime across operated assets including 99.9% LNG reliability at Pluto and increased seasonal domestic gas demand. Woodside narrowed its full- […]
DNV Supports Atlas in Battery Project in ChileÂ
(DNV, 15.Oct.2024) — DNV has supported Atlas Renewable Energy in securing $289mn in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and CrĂ©dit Agricole CIB, will fund the development of Battery Energy […]
Port of Corpus Christi Announces Record 3Q:24 Volumes
(Port of Corpus Christi, 15.Oct.2024) — The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, a new quarterly high mark driven by increases in crude oil and dry bulk movements. The 53 million tons moved […]
Baker Hughes Awarded Order for Kaminho Project in Angola
(Baker Hughes, 15.Oct.2024) — Baker Hughes has been awarded a contract, to be booked in the third quarter, to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola. Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity […]
Nabors Announces Deal to Acquire Parker Wellbore
(Nabors, 15.Oct.2024) — Nabors Industries Ltd. and Parker Wellbore announced a definitive agreement under which Nabors will acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy markets. […]
ONEOK Closes Enlink Deal with GIP
(ONEOK, 15.Oct.2024) — ONEOK, Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) and the successful completion of its acquisition of Global Infrastructure Partners‘ (GIP) entire interest in EnLink Midstream, LLC, for a total cash consideration of approximately $3.3bn. The acquisition […]
Arizona Sonoran Initiates Pre-Feasibility Study
(Arizona Sonoran, 15.Oct.2024) — Arizona Sonoran Copper Company Inc. announces that following a request for proposal, ASCU has appointed M3 Engineering, Tucson, to lead the Cactus Project Pre-Feasibility Study (the “PFS”) and to act as metallurgical program lead. The consultants will include AGP (mining), Clear Creek (hydrology), ALS Geotechnical (geology), […]
Miros Secures ISO 27001 Certification for ISMS
(Miros, 15.Oct.2024) — Miros, involved providing real-time ocean insights for maritime operations, has successfully obtained ISO 27001, the world’s leading standard for information security management systems (ISMS). A major milestone in the company’s mission to set the highest standards for information protection, this internationally recognized certification sets out guidance for […]
FPSO Maria Quitéria Starts Operating in Campos Basin
(Petrobras, 15.Oct.2024) — The Maria QuitĂ©ria platform ship produced its first oil on 15 Oct. 2024 in the Jubarte field, pre-salt in the EspĂrito Santo portion of the Campos Basin. The unit can produce up to 100,000 barrels of oil a day and process up to 5 million cubic meters […]
Preliminary Work on Dragon Gas Project Begins
PORT OF SPAIN, TRINIDAD AND TOBAGO (MEEI, 14.Oct.2024) — On 11 Oct. 2024, Trinidad and Tobago’s Prime Minister Keith C. Rowley and Ministry of Energy and Energy Industries (MEEI) head Stuart R. Young, along with representatives from Shell and the National Gas Company (NGC) visited the Dona Jose 2 vessel […]
Consumer Energy to Expand EV Charging at Michigan WorkplacesÂ
(Consumer Energy, 14.Oct.2024) — Consumers Energy is taking another new step to power Michigan’s electric vehicle transformation by announcing an effort to install EV chargers at workplaces across the state. Consumers Energy expects over 500 workplaces will install charging by 2030. “Consumers Energy is offering new approaches that will drive the […]
Southline Project Selected for Transmission Facilitation
(Southline Transmission Project, 3.Oct.2024) — The U.S. Department of Energy (DOE) reaffirmed its confidence in the Southline Transmission Project by selecting Phase 2 of the project as a capacity contract recipient through the second round of the Transmission Facilitation Program. Co-developed by Black Forest Partners and Grid United, Southline is […]
Deadly Houston Fire Highlights Pemex’s Grim Safety Record
(Bloomberg, 14.Oct.2024) — A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, halted some of its operations after a hydrogen […]
Petrobras Inks 3 Concession Pelotas Basin Contracts
(Energy Analytics Institute, 9.Oct.2024) — Petrobras signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle. The concessions were acquired in partnership with Shell and CNOOC at the Dec. 2023 public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Petrobras announced 14 […]
U.S. Firms Embrace AI, Cloud for Application Development
(ISG, 14.Oct.2024) — Growing AI and cloud adoption have shaped U.S. enterprises’ application development and management (ADM) strategies over the past year, according to a new research report published today by Information Services Group (ISG), a global technology research and advisory firm. The 2024 ISG Provider Lens™ Next-Gen ADM Services […]
Phillips 66 to Divest Interest in Switzerland-based JV for $1.24bn
(Energy Analytics Institute, 14.Oct.2024) — Phillips 66‘s subsidiary, Phillips 66 Limited, entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner. In the deal, it will receive cash of 1.06bn Swiss francs (approximately $1.24bn) consisting of a […]
Kinder Morgan on Trident Open Season
(Energy Analytics Institute, 14.Oct.2024) — Trident Intrastate Pipeline LLC is launching a binding open season to solicit commitments for the construction of its 216 miles of 48- and 42-inch mainline. The open season will begin 14 Oct. 2024, and conclude at 5 p.m. CT on 12 Nov. 2024, Kinder Morgan […]
OPEC’s Al Ghais on Oil Demand Peaking by 2030
(Energy Analytics Institute, 13.Oct.2024) — OPEC Secretary General HE Haitham Al Ghais said that claims around oil demand peaking by 2030, or even dropping by 25%, “are just that – claims.” Al Ghais’ comment was posted 13 Oct. 2024 on X, formerly Twitter, by the organization. Al Ghais also said […]
Pemex Deer Park Scales Back Operations after Accident
(Reuters, 12.Oct.2024) — Mexican national oil company Pemex‘s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, the company said in a statement late on Friday. The state-owned oil company added that it continues to investigate the cause of […]
Inkia to Become the Largest Renewable Producer in Peru
(Inkia, 11.Oct.2024) — Inkia Energy, through its wholly-owned subsidiary Kallpa, received environmental approval for the expansion of its solar power plant currently under construction in Southern Peru, a leading global solar resource hub. The approval will bring the solar project, Sunny, from 228 MWp to 338 MWp, and is expected […]
LatAm NRG matters, highlights, heard: YPF partner search, Woodside acquires Tellurian
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. —Argentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in […]
Pemex’ general director Padilla provides Deer Park accident update
MEXICO CITY, MEXICO (Energy Analytics Institute, 11.Oct.2024) — PetrĂłleos Mexicanos (Pemex) general director VĂctor Rodriguez Padilla provided an immediate briefing related to the 10 Oct. 2024 accident at the state company’s Deer Park refinery in Houston, Texas. Padilla said a sulfur gas leak at the refinery in Houston impacted 35 workers of […]
CSB to Probe Fatal Release at Pemex Refinery in Deer Park
(CSB, 11.Oct.2024) — The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that it is launching an investigation into a  fatal release of hydrogen sulfide  at the Pemex petroleum refinery in Deer Park, Texas, which occurred yesterday, October 10. Two contract workers died as a result of  the release, […]
Green Yard Inks Shipbuilding Deal with OMV Petrom
(Green Yard, 11.Oct.2024) — Green Yard Kleven has signed a shipbuilding contract with the Romanian integrated energy company OMV Petrom S.A. for the construction of a “Field Support Vessel” that will operate for the Neptun Deep project. Neptun Deep is the largest natural gas project in the Romanian Black Sea […]
Clica Declared Protected Natural Area, not an Expropriation
(Energy Analytics Institute, 11.Oct.2024) — The head of Mexico’s Ministry of Environment and Natural Resources (Semarnat) declared the Calica mine a Protected Natural Area (ANP by its Spanish acronym) and not an expropriation. The details were revealed by the Semarnat Secretary Alicia Bárcena Ibarra, who presented the case of Calizas […]
Excelerate Energy Announces Changes to Board of Directors
(Energy Analytics Institute, 11.Oct.2024) — Excelerate Energy, Inc. announced that Henry G. Kleemeier retired from the Board effective 9 Oct. 2024, and that Tyler D. Todd has been elected to the company’s Board of Directors, effective 10 Oct. 2024. Todd will serve on the Compensation and Nominating and Corporate Governance […]
Ecopetrol to Liquidate Ecopetrol Energia S.A.S E.S.P.
(Energy Analytics Institute, 10.Oct.2024) — Shareholders of Ecopetrol Energia S.A.S E.S.P. voted with an 100% affirmative vote to authorize its liquidator, Christian Schneider Jaramillo, to carry out all the necessary steps for the due liquidation of this company. Ecopetrol Energia, which was responsible for the commercialization of energy, cancelled its […]
Atlas Energy Commissions Dune Express
(Atlas, 10.Oct.2024) — Atlas Energy Solutions Inc. announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into […]
CCUS Growth Challenged by Current Economics
(WoodMac, 10.Oct.2024) — Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite a growing market for carbon capture, utilization and storage (CCUS), economics remain challenging, and many potential projects are at risk. […]
TotalEnergies Expands Global LNG Bunkering Footprint
(TotalEnergies, 10.Oct.2024) — TotalEnergies signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs. In particular, this additional vessel might be deployed in Oman, where the company is developing […]
New Pemex refinery at about 80% of capacity: Sheinbaum says
MEXICO CITY, MEXICO (Reuters, 10.Oct.2024, Words: 220) — Mexico’s state-owned Pemex’s new oil refinery is processing crude at about 80% of its capacity, the country’s president said on Thursday, an amount that marks a big jump from the company’s latest official data. The Olmeca refinery located near Mexico’s Gulf coast port of Dos Bocas […]
BW LPG Comments on Performance of Product Segment
(Energy Analytics Institute, 10.Oct.2024) — BW LPG Limited provided an update on the performance from its BW Product Services’ segment during the third quarter 2024. For the quarter ended 30 Sep. 2024, BW Product Services reported an estimated gross profit of $71mn, which was mainly a result of $86mn of […]
Saguaro LNG Endangers California Marine Life, Activists Warn
(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, a planned liquefied natural gas (LNG) plant and export terminal. The US $14 billion project led by the Houston-based company […]
Sheinbaum Says Mexico Not Looking to Boost Nuclear Energy
(Energy Analytics Institute, 10.Oct.2024) — Mexico’s President Claudia Sheinbaum said her country had no plans to boost its nuclear capacity. “I’m not pro-nuclear because nuclear has other environmental impacts,” Sheinbaum during her 10 Oct. 2024 daily news briefing with the media. “It doesn’t emit greenhouse gases that provoke climate change […]
Truckline Installation Completed at Scarborough Project
(Energy Analytics Institute, 10.Oct.2024) — Saipem and sub-contractor teams completed the installation of the truckling at Woodside Energy’s Scarborough energy project. The 433-km trunkline will transport gas from the offshore Scarborough field to the onshore Pluto LNG processing facility in Karratha, the Australian company said 10 Oct. 2024 in a […]
Saudi Arabia Eyes Boosting Production by 1 MMb/dÂ
(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d by the end of 2025, according to a recent Opec report. The production increase is part of a plan by the Kingdom to stop ceding […]
Trinidad’s gas output averaged 2.36 Bcf/d in Jul. 2024
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 9.Oct.2024) — The production of natural gas in the twin-island nation of Trinidad and Tobago averaged 2.36 Bcf/d in Jul. 2024, according to the most recent data published by the Ministry of Energy and Energy Industries (MEEI). BPTT was the largest gas […]
Citgo Auction in Jeopardy as Bondholders Pursue Claims
(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum, threatening to derail an auction to compensate more than a dozen companies for unpaid debts and expropriations […]