(CLOU Electronics, 10.Sept.2024) — CLOU Electronics, a BESS system integrator, has recently signed a BESS Warranty Service Agreement with INGENOVA ASESORIAS S.A. in Chile. Under this agreement, CLOU’s subsidiary, CL Energy Company, will engage the contractor to provide warranty repairs, commissioning, maintenance, and logistics services for Chile BESS market. As many […]
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.
EIA: Gas Pipeline Capacity from the Permian Basin Set to Increase
(Energy Information Administration, 10.Sep.2024) — Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project’s stakeholders. Matterhorn […]
QatarEnergy to Build 6 New QC-MAX LNG Vessels in China
(QatarEnergy, 9.Sep.2024) — QatarEnergy signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 6 additional state-of-the-art QC-Max vessels, bringing the total number of LNG vessels on order under its fleet expansion program to 128, including 24 QC-Max mega vessels. The QC-Max vessels, which will be built […]
Kosmos Energy to Offer $500mn Notes Due 2031
(Energy Analytics Institute, 9.Sep.2024) — Kosmos Energy Ltd. intends to offer $500mn aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together w/ cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, […]
BW Limited on Ex-Dividend Trading
(Energy Analytics Institute, 9.Sep.2024) — BW LPG Limited will be traded ex-dividend on the Oslo Stock Exchange from 9 Sep. 2024 and from 10 Sep. on the New York Stock Exchange (NYSE), the company said 9 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute […]
G Mining Ventures to Buy the CentroGold Project from BHP
(G Mining Ventures, 9.Sep.2024) — G Mining Ventures Corp. (“GMIN” or the “Corporation“) has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited. This includes the CentroGold Project (“CentroGold” or the “Project“). In consideration for the acquisition, GMIN will […]
Exmar Releases Half-year 2024 Results
(Exmar, 6.Sep.2024) — The Board of Directors of EXMAR has approved the interim accounts for the period ending 30 June 2024. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. ____________________
Gerdau and Petrobras Ink Deal for Low-carbon Business Studies
(Petrobras, 9.Sep.2024) — Petrobras has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in a […]
Tropical Cyclone Six Impact to the Port: Hurricane Readiness Condition 3
(Port of Corpus Christi, 9.Sep.2024) — Due to the active tropical conditions anticipated in the Gulf of Mexico, the Port of Corpus Christi has increased its Hurricane Readiness Status to Hurricane Readiness Level 3 (Increased Readiness), in accordance with its 2024 Hurricane Readiness Plan. The Port continues to monitor possible impact scenarios in […]
US Court Officer Moves to Block Creditors from Derailing Citgo Auction
(Reuters, 9.Sep.2024) — U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the case to prevent creditors from pursuing additional lawsuits that could derail the sales process. Three creditors that had registered claims with the court but are unlikely to […]
Minister Young Calls for Conversation on Implementation at CCS Symposium
(Energy Analytics Institute, 7.Sep.2024) — Trinidad and Tobago’s head of the Ministry of Energy and Energy Industries (MEEI), Stuart R. Young, Acting Prime Minister of the Republic of Trinidad and Tobago, called for a move from conversation on carbon capture and storage (CCS) to implementation due to the urgency of […]
Petrobras and Embrapa to Research Low-carbon Products and Fertilizers
(Petrobras, 6.Sep.2024) — Petrobras and Embrapa signed a Cooperation Agreement (CA) this Friday (6/6) to conduct technical studies on renewable raw materials to obtain low-carbon products, including biofuels, green chemistry, and fertilizers. This partnership requires Petrobras to devise technological solutions and develop biofuel and bioproduct production plants. Embrapa, in turn, […]
Noble Announces Major Shareholder Notification
(Noble, 6.Sep.2024) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) hereby announces the receipt of a major shareholder notification from APMH INVEST A/S. On 5 Sep. 2024, APMH INVEST A/S, acting on behalf of itself and its ultimate owner A.P. MØLLER […]
Pampa Energia raises over $400mn to accelerate Vaca Muerta drive
BUENOS AIRES, ARGENTINA (Reuters, 6.Sep.2024) — Argentine natural gas producer Pampa Energia announced a debt issuance of $410 million on Friday, signaling investor confidence in the company as it expands operations in the country’s Vaca Muerta shale formation. The development of the massive shale deposit, where competitors including state-owned YPF and […]
Lummus Names Obayagbona as CFO
(Energy Analytics Institute, 5.Sep.2024) — Lummus Technology announced that its board of directors has appointed Mr. Edosa Obayagbona to serve as the company’s Executive Vice President and Chief Financial Officer (CFO). In this role, Obayagbona will join Lummus’ executive team and lead all aspects of the company’s financial management, including […]
Ecopetrol Announces Settlement of its Global Notes due 2026
(Ecopetrol, 5.Sep.2024) — Ecopetrol S.A. announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5bn. This make whole covered a notional amount of US$250mn and the repurchase price was US$1,014.41per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5 Sep. 2024, during which the eight member countries emphasized their collective resolve to […]
Brock Group Names CFO
(Energy Analytics Institute, 5.Sep.2024) — The Brock Group, after an extensive search, announced that Mike Dear has joined the organization as the Chief Financial Officer (CFO), effective 26 Aug. 2024. “We are extremely pleased to have Mike join us as the CFO for Brock,” said Frank Bardonaro, Jr., CEO for the […]
Vista Energy to Pump Over $1bn into Growing Argentina Shale
(Reuters, 4.Sep.2024) — In a push to unlock more of the oil riches buried in a massive shale deposit in Argentina, Vista Energy will invest about $1.1 billion this year as it also aims to cut costs there by double digits, the firm’s chief executive told Reuters. Miguel Galuccio, Vista Energy’s […]
STRYDE Awarded Landmark Seismic Contracts in Mexico
(STRYDE, 4.Sep.2024) — STRYDE, the company behind the world’s smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios Sísmicos de Exploración (SSE) and SeisGlobe Geoservices. These contracts represent STRYDE’s first projects in Mexico and strengthen its foothold in the Latin American market. Under the first […]
Enverus Reveals Texas’ Renewable Energy Hot Shots
(Enverus, 4.Sep.2024) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a list of the top solar, wind and energy storage developers in Texas and the counties they operate in. This list leverages Enverus’ proprietary Interconnection Queue Analytics tool and transmission project […]
Noble Corp. Closes Diamond Acquisition
(Noble, 4.Sep.2024) — Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]
Petrobras Prices U.S. Dollar-denominated Global Notes
(Petrobras, 4.Sep.2024) — Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur […]
Sempra BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Sempra declared a $0.62/share quarterly dividend on the company’s common stock, which is payable 15 Oct. 2024, to common stock shareholders of record at the close of business on 26 Sep. 2024. Sempra’s Board of Directors also declared a semi-annual […]
Hess BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Hess Corporation declared a regular quarterly dividend of $0.50/share payable on the common stock of the corporation on 30 Sep. 2024 to holders of record at the close of business on 16 Sep. 2024. The dividend represents a 14% increase vs […]
Frontera Reveals $30mn Substantial Issuer Bid
(Frontera, 4.Sep.2024) — Frontera Energy Corporation announces that its board of directors has approved the commencement of a substantial issuer bid (the “Offer“) pursuant to which the company will offer to purchase from holders (“Shareholders“) of common shares of the company (the “Shares“) up to 3,375,000 Shares for cancellation at […]
Fitch Rates Crescent Energy’s $250mn Add-On Issue
(Fitch, 4.Sep.2024) — Fitch Ratings rates the $250mn add-on issue to Crescent Energy Finance LLC’s existing $750mn 7.375% 2033 notes, in line with Crescent’s existing senior unsecured debt BB- ratings. The proceeds from the new tap issue will be used to reduce borrowings under the company’s reserve-based lending facility. Crescent […]
Platts Launches Daily South America Lithium Triangle Price Assessments
(Platts, 3.Sep.2024) — Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, battery metals and energy transition markets, has launched the first-ever daily, physical spot market price assessments for South Americalithium carbonate, effective 2 Sep. 2024. This builds on Platts’ […]
Golden Minerals to Sell El Quevar Silver Project in Argentina
(Golden Minerals, 3.Sep.2024) — Golden Minerals Company signed a letter agreement to sell Silex Argentina S.A., its wholly-owned subsidiary that owns the El Quevar Project, and also provided updates on additional corporate activities. Silex Argentina Sale The company signed a Letter Agreement (the “Letter Agreement”) with Butte Energy Inc. whereby […]
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization
(New Fortress Energy, 3.Sep.2024) — New Fortress Energy Inc. has received authorization from the United States Department of Energy (DOE) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years. […]
Petrobras to Offer Dollar-denominated Global Notes
(Petrobras, 3.Sep.2024) — Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets, subject to market and other conditions, and (ii) cash tender offers to purchase any and all of […]
Paramount Announces Sep. Dividend, Montney Appraisal Wells at Sinclair
(Paramount, 3.Sep.2024) — Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on 27 Sep. 2024 to shareholders of record on 16 Sep. 2024. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Consistent […]
Permian Resources to Increase Base Dividend
(Permian Resources, 3.Sep.2024) — Permian Resources Corporation announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share ($0.60 per share annually). This represents a 150% increase to the company’s prior base dividend and provides a leading base […]
Chevron Boosts Recovery at Two Facilities in US GOM
(Chevron, 3.Sep.2024) — Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico, where Chevron operations produce some of the world’s lowest carbon intensity oil and gas. “Delivery of these two projects […]
Permian Resources Execs to Present at Barclays Conference
(Energy Analytics Institute, 3.Sep.2024) — Permian Resources Corporation Co-CEO Will Hickey and CFO Guy Oliphint are scheduled to present at the Barclays CEO Energy-Power Conference in New York City, New York on 3 Sep. 2024 at 12:40 p.m. Eastern Time, the company said 3 Sep. 2024 in an official statement. […]
Weatherford Acquires Datagration Solutions
(Weatherford, 3.Sep.2024) — Weatherford International plc announced the acquisition of Datagration Solutions Inc., an innovator in unified data integration, analytics, and machine learning. The acquisition establishes Weatherford as having one of the industry’s most capable and contemporary digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across […]
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the Board of Directors made the following appointments on 30 Aug. 2024: Ecopetrol also announces that Nicolás Azcuénaga Ramírez, whose current position is Corporate Vice President of Strategy and New Businesses, will hold that position until 15 Sep. 2024, terminating his contract by […]
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the company’s Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to […]
Petrobras and CSN Ink Deal to Supply Gas in RJ’s Free Environment
(Petrobras, 2.Sep.2024) — “Petrobras and CSN entered into a contract to supply natural gas to the CNS plant situated in Rio de Janeiro (RJ). This steelworks’ migration to the free environment has Petrobras as its chief supplier among a pool of suppliers. The new partnership in the natural gas market […]
bpTT to Divest Fields to Perenco, Refocusing Gas Business
(bp, 2.Sep.2024) — bp Trinidad and Tobago (bpTT) has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities. The agreement also includes the undeveloped resources from the Parang field. bpTT operates, and currently is the sole owner in each of […]
Increased Ripple Effects from Equinor in Norway
(Equinor, 28.Aug.2024) — A new report shows that deliveries for exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway had a value of more than NOK 134 billion in 2023, 94 per cent of which were invoiced by Norwegian suppliers. Equinor plans to maintain its oil and […]
EAI’s NRGBriefs: Aug. 2024
(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target at the Uchuva-2 well offshore Colombia; Golar LNG and bp entering into commercial reset arrangements for FLNG Gimi; and more. LATIN AMERICA AND THE CARIBBEAN […]
Fitch Sees Pickup in Permian Transactions
(Energy Analytics Institute, 30.Aug.2024) — ”Fitch believes Permian transactions could pick up again if large producers choose to shed non-core assets, following recent consolidation, to meet debt reduction targets or re-focus their asset base,” Fitch said 9 Aug. 2024 in an official statement. ”These assets could be acquisition targets for […]
Interoil Exploitation Activity in Colombia
(Interoil, 30.Aug.2024) — Interoil Exploration and Production ASA’s Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), shall carry out a campaign aimed at improving substantially the current production from all its operated fields in Colombia. This activity includes the reopening of shut-in wells in Maná, Río Opia and Ambrosia Fields, […]
Amigo LNG inks LNG supply deal with OQ Trading, Oman
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 30.Aug.2024, Words: 233) — Amigo LNG SA de CV of Mexico, a subsidiary of LNG Alliance Pte Ltd, Singapore, entered into a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied […]
Eco Atlantic Completes Farm Down in Block 3B/4B Orange Basin South Africa
(Eco Atlantic, 30.Aug.2024) — Eco (Atlantic) Oil & Gas Ltd. announced completion of a farm down of a 13.75% Participating Interest in Block 3B/4B offshore the Republic of South Africa (“the Block”) and Transfer of Operatorship of the Block after receipt of the requisite regulatory approvals (Section 11) from the government of South Africa (“Completion”). […]
Petrobras Inks 26 Concession Contracts in the Pelotas Basin
(Petrobras, 30.Aug.2024) — Petróleo Brasileiro S.A. or Petrobras, following up on Communication of 13 Dec. 2023, signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. […]
Diverging Paths: Argentina Versus Brazil’s Energy Policies
(Rystad, 29.Aug.2024) — Argentina and Brazil are the two largest economies on the South American continent, and both are places that foreign investors have been cautiously eyeing for some time now. For many years both countries pursued a similar path while sharing a similar government ideology in their respective capitals. Now, […]
Petrobras to Invest BRL 500mn in Five Supercomputers
(Petrobras, 29.Aug.2024) — Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world’s foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500mn. One of the machines, capable of processing the […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]