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.

Petrobras Awards TechnipFMC Subsea Contracts by for Brazil’s Pre-Salt Fields

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(Energy Analytics Institute, 19.Sep.2024) — TechnipFMC has been awarded two subsea contracts by Brazil’s state-owned Petrobras for the pre-salt fields offshore the South American country. The first award is a substantial contract—between $260mn-$500mn—to design, engineer, and manufacture riser flexible pipe. TechnipFMC will also supply associated services including packing and storage, […]

Citgo Awards $1mn to Caring For Our Coast Nonprofits

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(Citgo, 18.Sep.2024) — Celebrating a decade of environmental protection, conservation and restoration, the Citgo Caring For Our Coast initiative is amplifying its impact with an additional $1mn in grants awarded to 17 environmental organizations located around the Gulf Coast region and in Lemont, Illinois, where Citgo has operations. The recipient organizations support a wide range […]

Bristow to Present at Deutsche Bank Leveraged Finance Conference

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(Energy Analytics Institute, 18.Sep.2024) — Bristow Group Inc. revealed that Chris Bradshaw, its President and Chief Executive Officer, will participate in a fireside chat discussion at the Deutsche Bank Leveraged Finance Conference on 24 Sep. 2024, at 9:20 a.m. MT (11:20 a.m. CT). Bristol will also participate in investor meetings throughout the day, the company said […]

Petrobras on Media Reports on Fuel Prices

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(Energy Analytics Institute, 18.Sep.2024) — Petrobras downplayed claims in the media that it has decided to reduce fuel prices. “Any adjustments to the prices of its products are made in the normal course of its business with no defined periodicity and, when there is a decision to change, the price list […]

TotalEnergies to Supply 1.1 mtpa to BOTAŞ for 10 Years

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(Energy Analytics Institute, 18.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies signed a Heads of Agreement (HoA) with BOTAŞ for the delivery of 1.1 million tons per annum (mtpa) of LNG for ten years starting from 2027. This agreement allows TotalEnergies to […]

Strohm’s TCP Jumpers Installed Offshore Malaysia

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(Energy Analytics Institute, 18.Sep.2024) — Strohm has overseen the successful installation of its thermoplastic composite pipe (TCP) Jumper technology at the Deepwater Sabah project offshore Malaysia. The technology was installed by contractor McDermott on behalf of an international operator. It is the second time the firm’s TCP product has been […]

Seadrill and Oil States in Strategic Collaboration to Enhance Offshore Operations

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(Energy Analytics Institute, 17.Sep.2024) — Seadrill Limited and Oil States International, Inc. announced a non-exclusive collaborative relationship with an aim on increasing the safety and efficiency of offshore MPD operations. This strategic initiative combines Oil States’ award-winning MPD Integrated Riser Joint (IRJ) system with Seadrill’s high-spec fleet of floating drilling […]

SLB Launches Lumi Platform

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(SLB, 17.Sep.2024) — SLB launched the Lumi™ data and AI platform, which integrates advanced artificial intelligence (AI) capabilities—including generative AI—with workflows across the energy value chain. The open, secure and modular platform unlocks access to high-quality data across subsurface, surface, planning and operations, increasing cross-domain collaboration and releasing new intelligence […]

Woodside and JERA Ink Deal for Long-Term LNG Supply

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(Woodside, 17.Sep.2024) — Woodside has signed a sale and purchase agreement (SPA) with JERA for the long-term supply of liquefied natural gas (LNG) to Japan. Under the SPA, Woodside will supply approximately 0.4 million tonnes (six cargoes) of LNG per year over 10 years on a delivered basis, commencing in […]

Talos Energy Publishes Annual Sustainability Report

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(Tales, 17.Sep.2024) — Talos Energy Inc. published its fifth annual Sustainability Report for the 2023 calendar year. The report highlights Talos’s continued commitment to transparency, emissions reduction efforts, and sustainability and governance improvements across its growing exploration and production business in the Gulf of Mexico. Talos’s report was developed with reference to […]

Nucor Announces 3Q:24 Guidance

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(Energy Analytics Institute, 17.Sep.2024) — Nucor Corporation announced guidance for its third quarter ending 28 Sep. 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted […]

Gastech Houston 2024: Day 1 Wrap

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(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024 launched in Houston today under the banner of ‘Transforming Energy Through Vision, Innovation, and Action,’ providing a premier platform for industry leaders, policymakers, and energy professionals to explore the pivotal role of natural gas and LNG in enhancing energy security and reducing […]

Nauticus Robotics Reports Second Round of Aquanaut Mark 2 Testing

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(Nauticus Robtics, 17.Sep.2024) — Nauticus Robtics, Inc., a innovator in autonomous subsea robotics and software, began its second round of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2, in the Gulf of Mexico (GOM). Vehicle 2 will be used for commercial operations going forward. Completion of this testing is intended to certify […]

Venture Global Expand European Regas Capacity

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(Venture Global, 17.Sep.2024) — Venture Global announced the execution of a binding long-term terminal use agreement (TUA) with GASTRADE S.A. enabling the regasification and sale of liquefied natural gas (LNG) from Venture Global’s terminals in Louisiana to markets in Central and Eastern Europe. Under the agreement, Venture Global has secured approximately 1 million tonnes per annum […]

Johan Castberg Anchored in the Barents Sea

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(Equinor, 17.Sep.2024) — The floating production, storage and offloading vessel (FPSO) is now securely anchored on the Johan Castberg field in the Barents Sea. The hook-up of the FPSO to the subsea facilities, preparing it for production start-up towards the end of the year, will now start. “This is an […]

Gastech Houston 2024: Day 2 Wrap

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(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024, the world’s premier platform for natural gas, LNG, hydrogen, climate technologies, energy manufacturing, and low carbon solutions, marked its second day, driving key conversations on the role of innovation and collaboration in delivering a just, orderly sustainable path to net-zero. In the day’s […]

Groete Gold Project Permit Update

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(Energy Analytics Institute, 17.Sep.2024) — Gold Port Corporation revealed that the 100% owned claim group comprising the Groete Gold Copper Project has been renewed for the ensuing year by the Guyana Geology and Mines Commission.   The three mining permits total 1,384 hectares and are now in effect until Jul. 2027.  During this […]

New Gold Comments on Growth Opportunities in Canada

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(Energy Analytics Institute, 16.Sep.2024) — New Gold Inc. provided an update on its ongoing exploration program at its New Afton mine in British Columbia, Canada. xemeaino Following successful exploration results at K-Zone earlier this year, exploration drilling in the eastern part of the mine continues to intersect high-grade copper-gold porphyry mineralization, […]

Vizsla Silver Announces $65mn Bought Deal Offering

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(Energy Analytics Institute, 16.Sep.2024) — Vizsla Silver Corp. has entered into an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of underwriters, pursuant to  which the Underwriters have agreed to purchase, on a bought deal basis, 25,000,000 common shares, at a price of $2.60 per Common Share, for […]

Höegh LNG Changes Name to Höegh Evi

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(Höegh LNG, 16.Sep.2024) — Höegh LNG has changed its name to Höegh Evi.   Standing for “energy vector infrastructure,” the name Evi reflects the recent expansion of our focus beyond LNG import terminals to encompass innovative and tangible clean energy solutions. As a leader in liquefied gas handling, Höegh Evi is accelerating the […]

Saipem Awarded Offshore Contract in Saudi Arabia Worth$2bn

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(Energy Analytics Institute, 16.Sep.2024) — Saipem has been awarded a new offshore contract worth $2bn, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The award follows the completion of the bidding procedure, and the occurrence of the usual preliminary […]

Woodside Execs Visit NYSE in First Equity Market Briefing

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(Energy Analytics Institute, 16.Sep.2024) — Woodside Energy completed its first North American equity market briefing at the New York Stock Exchange (NYSE) on 16 Sep. 2024, the Australian company’s CEO Meg O’Neill announced on LinkedIn. Woodside was initially listed on the NYSE in 2022 when the company merged with BHP’s […]

YPF SA Announces Early Tender Results

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(YPF, 13.Sept.2024) — YPF Sociedad Anónima announced the early tender results as of 5:00 p.m. (New York City time) on 12 Sept. 2024 (the “Early Tender Date”) of its previously announced cash tender offers (each a “Tender Offer” and, collectively, the “Tender Offers”) to purchase outstanding securities listed in the table below (the “Securities”) not to […]

Cooldown Cargo Advances Next LNG Project: East Daley

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(East Daley, 13.Sept.2024) — As the industry cleans up from Hurricane Francine, East Daley is watching Plaquemines LNG closely in southeastern Louisiana. Venture Global recently received its first LNG vessel – only this ship docked to deliver LNG, rather than export it. The company is using a cooldown cargo instead […]

Nucor Announces 206th Consecutive Cash Dividend

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(Energy Analytics Institute, 12.Sep.2024) — The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.54 per share on the company’s common stock. This cash dividend is payable on 8 Nov. 2024 to stockholders of record on 27 Sep. 2024 and is Nucor’s 206th consecutive quarterly cash dividend, the company said 12 Sep. 2024 […]

Petrobras Updates on Favorable Arbitration

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(Petrobras, 12.Sep.2024) — Petrobras informs that a favorable final arbitration award has been handed down in one of the arbitrations taking place before B3’s Market Arbitration Chamber (CAM). This arbitration was initiated by an association and was intended to be collective, trying to encompass all Petrobras shareholders who acquired shares on […]

Keeping the LNG Bandwagon Rolling

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(Wood Mackenzie, 12.Sep.2024) — The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. What’s more, capital remains available for new supply projects and import infrastructure. […]

Flex LNG Presentation at Pareto Securities’ Energy Conference

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(Energy Analytics Institute, 12.Sep.2024) — TCEO Øystein Kalleklev will be presenting for Flex LNG 12 Sep. 2024 at the 31st Energy Conference hosted by Pareto Securities.  The presentation is attached hereto, Flex LNG said 12 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute (EAI). […]

TotalEnergies Joins Japanese Fund Dedicated to Developing Low-carbon Hydrogen

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(Energy Analytics Institute, 12.Sep.2024) — TotalEnergies entered as an investor in the “Japan Hydrogen Fund” at its first close, joining several major Japanese companies. The fund is dedicated to developing the low-carbon hydrogen value chain. At its launch, the fund is initially endowed with over $400mn, due to contributions from prominent […]

Factbox: US GOM Energy Sector Prepares for Hurricane Francine

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(S&P Global, 11.Sep.2024) — Oil and natural gas producers, refiners and power companies were preparing Sept. 11 for the impacts of Hurricane Francine. According to the US National Hurricane Center, the storm was making landfall in the early evening as a Category 2 Hurricane. “After landfall, Francine is expected to […]

Reducing Emissions from the Troll Field

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Equinor, 11.Sep.2024) — On Saturday, 7 Sep. 2024, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2. This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which […]

ILiAD DLE Tech Operating at Scale at SLB Project

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(SLB, 11.Sep.2024) — ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB‘s Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada. ILiAD’s technology was […]

QatarEnergy Inaugurates the “Rex Tillerson” 

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(QatarEnergy, 10.Sep.2024) — QatarEnergy inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The “Rex Tillerson” was named after the former Chairman and CEO of ExxonMobil as a tribute to his life-long accomplishments in the energy sector. The traditional naming ceremony was held at the Hudong-Zhonghua Shipyard in the […]

APA on $950mn Asset Sale of Non-core Permian Assets

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(APA, 10.Sep.2024) — APA Corporation entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950mn, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent […]

Petro-Victory Energy Inks MOU with Eneva in Brazil

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(Energy Analytics Institute, 10.Sep.2024) — Petro-Victory Energy Corp. has entered into a Memorandum of Understanding (MOU) with Eneva for the development of Petro-Victory’s non-associated gas resources located in the São João field, at the Barreirinhas basin, in the state of Maranhão. All of the activities to be carried out in the São […]

Pampa Announces Settlement of Cash Tender Offer

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(Pampa, 10.Sept.2024) — Pampa Energía S.A. announced the settlement of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of Pampa’s outstanding Series 1 7.500% Notes due 2027 (the “Notes”) issued by the company under the indenture dated as of 24 Jan. 2017 (the “Indenture”). The Tender Offer expired at 8:00 […]