(Touchstone, 25.Jul.2024) — Touchstone Exploration Inc. notes the announcement made yesterday by Trinity Exploration and Production Plc. regarding a possible cash offer for Trinity (the “Possible Offer”), and the decision by the board of directors of Trinity (the “Trinity Board”) to reschedule the Court Hearing to 23 Aug. 2024. Capitalised terms […]
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.
GAR Boosts Presence with New Storage Capacity in Europe´s Largest
(GAR, 25.Jul.2024) — Golden Agri-Resources (GAR) announced a new lease partnership for storage capacity at the state-of-the-art Chane terminal in Rotterdam, the largest port in Europe. The first shipment was delivered on 17 July, marking a key milestone in GAR’s efforts to strengthen its presence in the Northwest Europe region. The Chane terminal Geulhaven, owned and […]
Petrobras Sells Bunker Fuel with Renewable Content
(Petrobras, 25.Jul.2024) — This week, Petrobras sold a marine fuel with renewable content (the VLS B24) to supply ships off the Brazilian coast. Petrobras is the country’s first company to deliver a bunker to the market with 24 % second-generation biodiesel (produced from agro-industrial waste). The commercial operation reinforces Petrobras’ strategy of […]
In Gas-rich Venezuela, Next President Faces Problem of Producing It
(Reuters, 24.Jul.2024) — Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that fall from trees. “So […]
IsoEnergy Announces Strategic Sale of its Argentina Portfolio
(IsoEnergy, 22.Jul.2024) — IsoEnergy Ltd. has completed the sale (the “Transaction“) to Jaguar Uranium Corp. of 100% of the issued and outstanding shares (the “Target Shares“) of a wholly-owned subsidiary of IsoEnergy, which holds, indirectly, a 100% interest in the Laguna Salada Project located in Chubut and the Huemul Project located […]
Plenitude Completes new 39 MW Wind Farm in Calabria
(Eni, 25.Jul.2024) — Plenitude has completed the construction of a new onshore wind farm with a capacity of around 39 MW in Borgia (in the province of Catanzaro), Calabria, Italy. The plant, consisting of nine state-of-the-art wind turbines, will be operational from today and will produce 84 GWh of electricity per […]
Eni on Approval of First Tranche of 2024 dividend: € 0.25/Share
(Eni, 25.Jul.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, today resolved to distribute to Shareholders the first 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 […]
TotalEnergies Launches Battery Storage Development in Germany
(TotalEnergies, 25.Jul.2024) — TotalEnergies has taken the final investment decision for a 100 MW /200 MWh battery storage project in Dahlem, North Rhine-Westphalia. This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germany’s leading battery storage system developer, which was recently acquired by TotalEnergies in Feb. 2024. […]
TotalEnergies Buys Interest in OranjeWind Offshore Wind Farm
(TotalEnergies, 25.Jul.2024) — TotalEnergies signed agreements with German renewable developer RWE, to acquire a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands. TotalEnergies will dedicate its share of the renewable electricity production from this project to power 350 MW electrolyzer projects. These will produce […]
TotalEnergies Announces Second Interim Dividend of €0.79/Share
(TotalEnergies, 25.Jul.2024) — The Board of Directors meeting on 24 July 2024 under the chairmanship of Mr. Patrick PouyannĂ©, Chairman and Chief Executive Officer, decided the distribution of the second 2024 interim dividend of 0.79 €/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 […]
Noble and Diamond Offshore Provide Transaction Update
(Noble, 25.Jul.2024) — Noble Corporation plc and Diamond Offshore Drilling, Inc. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on 24 July 2024. Completion of the transaction is subject to the satisfaction […]
Ecovyst Makes Equity Investment in Pajarito Powder
(Ecoyvst, 25.Jul.2024) — Ecovyst Inc. announced a key equity investment of $4.5mn in Pajarito Powder, an innovative materials science company that specializes in supports and catalysts required for electrolyzers and fuel cells. This investment in Pajarito Powder reflects Ecovyst’s belief that hydrogen produced via electrolysis will become a widely used, low-carbon fuel for […]
Petrobras Reveals Redemption Price for 4.750% Global Notes due 2025
(Petrobras, 24.Jul.2024) — Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) has delivered notices to the holders of the outstanding 4.750% Global Notes due 2025 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be 29 July 2024 […]
Core Lab Reports 2Q:24 Results
(Core Lab, 24.Jul.2024) — Core Laboratories Inc. reported second quarter 2024 revenue of $130,600,000. Core’s operating income was $16,000,000, with diluted earnings per share (“EPS”) of $0.19, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $16,400,000, yielding operating margins of 13%, expanding over 100 basis […]
Port of Corpus Christi Reports 2Q:24 Volumes
(The Port of Corpus Christi, 23.Jul.2024) —The Port of Corpus Christi customers moved 50.1 million tons through the Corpus Christi Ship Channel in the second quarter of 2024, a 1.7% increase over the same period in 2023. In Q2 2024, the Port of Corpus Christi saw increases in crude oil, […]
Woodside Reports 2Q:24 Results
(Woodside, 23.Jul.2024) — Woodside Energy reported quarterly production of 44.4 MMboe (488 Mboe/day), down 1% from Q1 2024 due to planned maintenance activities, weather impacts at North West Shelf and unplanned outages at Wheatstone and Julimar, partly offset by higher seasonal demand at Bass Strait and first oil at Sangomar. Full […]
Flowserve Acquires LNG Pumping Technology from NexGen Cryo
(Flowserve, 23.Jul.2024) — Flowserve Corporation acquired the intellectual property and in-process R&D related to cryogenic Liquefied Natural Gas (LNG) submerged pump technology, systems and packaging from NexGen Cryogenic Solutions, Inc., a privately held, Arizona-based company specialized in the engineering, design and testing of LNG pumps and turbines. NexGen Cryo’s pump […]
Glenfarne and EQT Execute Binding LNG Tolling Agreement
(Glenfarne, 23.Jul.2024) — Texas LNG Brownsville LLC, a four million tonnes per annum (mtpa) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC, and EQT Corporation have executed a definitive 20-year tolling agreement for natural gas […]
Atlas and Kodiak Ink Deal for Autonomous Trucking Technology
(Atlas Energy, 23.Jul.2024) — Atlas Energy Solutions Inc. and Kodiak Robotics, Inc. announced that the two companies have entered into an agreement whereby Kodiak will outfit new Atlas high-capacity trucks with Kodiak’s autonomous driving technology. The two companies have already completed their first driverless delivery of frac sand in West […]
New Fortress Closes $700mn Loan for Second FLNG Unit
(New Fortress, 17.Jul.2024) — New Fortress Energy Inc. announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the company has closed its previously announced $700mn loan for its second FLNG unit (“FLNG 2”). Now operational, FLNG 1 expects to deliver its first cargo in August and enter […]
Woodside to Acquire Tellurian: Transcript
(Woodside, 22.Jul.2024) — Woodside Energy Group Limited held an investor call to discuss its $900mn all-cash acquisition of Tellurian, Inc., which is developing Driftwood LNG. ____________________
Frontera Energy announces agreement between Puerto Bahia and GASCO
(Frontera, 22.Jul.2024) — Frontera Energy Corporation announced that its subsidiary, Sociedad Portuaria Puerto BahĂa S.A. and Gasco Soluciones LogĂsticas y EnergĂ©ticas S.A.S. have entered into a Framework Collaboration Agreement to jointly pursue a liquified petroleum gas (LPG) project at Puerto Bahia’s state-of-the-art liquids and dry cargo port terminal strategically located in the […]
OXY Announces Commencement of Exchange Offer for CrownRock Notes
(Occidental, 19.Jul.2024) — Occidental announced that it has commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes […]
Tellurian to be Acquired by Woodside for Approximately $900mn
(Tellurian, 21.Jul.2024) — Tellurian Inc. has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd pursuant to which Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in an all-cash transaction. “This transaction provides substantial and certain value for our shareholders. Following our […]
Woodside to Acquire Tellurian for $1/share, Create LNG Powerhouse
(Woodside, 22.Jul.2024) — Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian including its owned and operated US Gulf Coast Driftwood LNG development opportunity. The consideration for the transaction is an all-cash payment of approximately $900mn, or $1.00 per share of outstanding Tellurian […]
Petrobras and Braskem Complete Tests for Renewable Content Chemical Product
(Petrobras, 19.Jul.2024) — Petrobras has successfully finished a series of industrial-scale tests to produce a Light Hydrocarbon Stream (LHR) rich in ethylene, incorporating renewable content. Over the past year, this project, in collaboration with Braskem, has developed a viable renewable raw material for the chemical industry. The tests used ethanol derived from […]
Petrobras Updates on Reimbursement from Partners
(Petrobras, 19.Jul.2024) — Petrobras, following up on the release disclosed on 17 June 2024, informs that obtained the approval of partners in E&P consortiums for reimbursement to Petrobras related to adherence to the PGFN-RFB 6/2024 Transaction Public Notice (tax disputes of significant and widespread legal controversy). As previously reported, several Petrobras partners […]
Ecopetrol Informs of Ongoing Negotiations with Occidental
(Ecopetrol, 19.Jul.2024) — Ecopetrol S.A. informs that it is engaged in conversations with Occidental Petroleum Corp. (OXY) oriented to consider the potential acquisition by Ecopetrol of a certain percentage of assets owned by CrownRock, a company located in the United States. The percentage of the assets and the price that Ecopetrol would […]
Exxon plans new Guyana oil project to lift output into 2030s
(Bloomberg, 18.Jul.2024) — Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade. The Hammerhead project will pump as much as 180,000 barrels a day as soon as […]
QatarEnergy Boosts Participation Offshore Suriname
(QataEnergy, 18.Jul.2024) — QatarEnergy signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron (the operator) will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company “Staatsolie”, will […]
World Bank Releases Report on Offshore Wind in Brazil
(World Bank, 17.Jul.2024) — The World Bank Group released a study on “Scenarios for Offshore Wind Development in Brazil”  conducted by DNV, the global independent energy expert and assurance provider. This report is one of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under its Offshore […]
Kinder Morgan Reports 2Q:24 Financial Results
(Kinder Morgan, 17.Jul.2024) — Kinder Morgan, Inc.’s board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on 15 Aug. 2024 to stockholders of record as of the close of business on 31 July 2024. This dividend is a 2% increase […]
Experts Call for ‘Serious’ Debate About Fracking in Mexico
(S&P, 16.Jul.2024) — Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a serious debate, experts said at an energy forum held at the Mexican Senate. According to data from the National Hydrocarbons […]
Energy Transfer and Sunoco Announce Strategic Permian JV
(Energy Transfer, 16.Jul.2024) – Energy Transfer LP and Sunoco LP announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water […]
TotalEnergies and SSE Join Forces, Create Source
(TotalEnergies, 16.Jul.2024) — TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand “Source”. The new business will deploy in both countries up to 3000 high power charge points, meeting […]
JinkoSolar to Form a JV with RELC and VI in Saudi Arabia
(JInkoSolar, 16.Jul.2024) – JinkoSolar Holding Co., Ltd. announced that its indirectly majority-owned subsidiary, JinkoSolar Middle East DMCC, has entered into a shareholders agreement (the “Agreement”) with Renewable Energy Localization Company (RELC), a wholly-owned subsidiary of Public Investment Fund (PIF) and the national champion in the manufacturing of renewable and green energy technologies, […]
Aker Horizons ASA 2Q:24
(Aker, 16.Jul.2024) – Aker Horizons ASA announced results for the second quarter 2024. Aker Horizons’ net capital employed stood at NOK 7.1bn, an increase of NOK 1.9bn from the first quarter, mainly driven by a gain from the Aker Carbon Capture-SLB transaction. The company reported a cash position of NOK 3.1bn and an undrawn credit facility […]
ExxonMobil’s 7th project could push Guyana’s output beyond 1.5 MMb/d by 2029
GEORGETOWN, GUYANA (DPI, 16.Jul.2024) — The Environmental Protection Agency (EPA) has commenced the review of an application from ExxonMobil Guyana to develop a seventh oil project at the Hammerhead field in the Stabroek Block. According to the project summary on the agency’s website, this project is expected to add 120,000 to […]
Monitoring of Offshore Produced Formation Water Releases
(EPA, 15.Jul.2024) — Produced Formation Water (PFW), sometimes called Produced Water (PW) is water trapped in underground formations that is brought to the surface during oil and gas extraction. This water has been in contact with the hydrocarbon-bearing formation and as a result, contains some of the chemical characteristics of […]
IPCEI Approval Paves Way at bp’s Lingen Hydrogen Project
(bp, 15.Jul.2024) – bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany.  The funding will help support the development of a 100MW green hydrogen project next to bp’s Lingen Refinery. German Federal Minister […]
TGS Announces Early Access to Gulf Coast Storage Assessment
(TGS, 15 July 2024) – TGS announces early access to a comprehensive carbon storage assessment dataset along the Texas and Louisiana Gulf Coast, covering the available GLO lease blocks. This evaluation will help prospective bidders maximize their bid accuracy, optimize project costs and drive sustainable growth in the CCS sector. […]
CNOOC Mades Major Exploration Breakthrough in Bohai Bay
(CNOOC, 15 July 2024) – CNOOC Limited has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located in eastern Bohai Bay, with an average water depth of about 26 m. The discovery well LK7-1-1 was drilled and completed at a depth of […]
Record Production of S-10 Diesel at RPBC
(Petrobras, 15.Jul.2024) — In the second quarter of this year, the Presidente Bernardes Refinery (RPBC) in CubatĂŁo (SP) recorded a record in the production of S-10 diesel. It produced 990,000 mÂł, surpassing the previous mark of 966,000 mÂł in the third quarter of 2023. The figure is also higher than that […]
US-Mexico Energy Trade Value Fell in 2023
(EIA, 15.Jul.2024) — The value of all energy trade between the United States and Mexico decreased almost 15% from $77.8bn in 2022 to $66.5bn in 2023, adjusted for inflation. Lower fuel prices more than offset the increase in the volume of energy trade between the two countries. Energy trade value […]
Audi and bp in Strategic Partnership for Formula 1
(bp, 14.Jul.2024) – Audi and bp are joining forces in an extensive new strategic partnership in Formula 1. As Audi prepares to enter the pinnacle of motor racing in 2026, which also marks the introduction of ground-breaking new FIA F1 Technical Regulations featuring enhanced electrification and use of Advanced Sustainable fuel, […]
Petrobras to Market Bunker with Renewable Content
(Petrobras, 11.Jul.2024) — Petrobras obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to market maritime fuel with renewable content. The company is the first in the country to receive authorization to deliver a bunker with 24% biodiesel to the market. VLS (Very Low Sulfur) B24, produced […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
Vista Reports 2Q:24 Results
(Vista, 11.Jul.2024) – Vista Energy, S.A.B. de C.V. reported financial and operational results corresponding to Q2 2024. Q2 2024 highlights: ____________________
Woodside and CPC Taiwan Ink Long-term Offtake Deals
(Woodside, 11.Jul.2024) — Woodside signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC) for the long-term supply of liquefied natural gas (LNG) to Taiwan. Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years, commencing in July 2024. Woodside […]
Honeywell to By Air Products’ LNG Process Technology
(Air Products, 10.Jul.2024) — Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81bn in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. As a result of the acquisition, Honeywell will be able to offer customers a comprehensive, […]