(TXO Partners, 25.Jun.2024) — TXO Partners, L.P. (NYSE: TXO) announced, subject to market and other conditions, the commencement of an underwritten public offering of 5,000,000 common units representing limited partner interests in TXO (the “common units”). TXO expects to grant the underwriters a 30 day option to purchase up to 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.
Capstone Copper Announces First Saleable Copper Concentrate at MVDP in Chile
(Capstone, 25.Jun.2024) — Capstone Copper Corp. (TSX:CS) (ASX:CSC) announced that first saleable copper concentrate was produced at its Mantoverde Development Project (“MVDP”) in Chile, as the mine advances commissioning and ramps up to full production levels. The unchanged key commissioning milestones at the MVDP include: First ore to the primary crusher […]
ExxonMobil adds Air Liquide to Low-carbon Hydrogen Project
(ExxonMobil, 24.Jun.2024) — ExxonMobil and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility. The agreement will enable transportation of low-carbon hydrogen through Air Liquide’s existing pipeline network. Additionally, Air Liquide will build and operate four Large Modular Air separation […]
Petrobras on New BOD Member Elections
(Petrobras, 28.Jun.2024) — The Petrobras Board of Directors elected the following members to the company’s executive board in a meeting held this Friday (06/28): Renata Baruzzi (Executive Director of Engineering, Technology, and Innovation), Sylvia dos Anjos (Executive Director of Exploration and Production), and Fernando Melgarejo (Executive Director of Finance and Investor […]
TotalEnergies Wins Further Maritime Lease in the North Sea
(TotalEnergies, 21.Jun.2024) — TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 km north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area […]
Petrobras, Gerdau and Naturgy Ink Deal for Gas Supply in Rio de Janeiro Free Market
(Petrobras, 21.Jun.2024) — Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau’s long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market […]
Woodside Revises Leadership Structure
(Woodside, 26.Jun.2024) — Woodside announced a revised leadership structure to deliver the next phase of the company’s strategy to thrive through the energy transition. The revised structure, which will take effect from 1 Aug. 2024, aggregates and elevates core business activities into a simplified operating model. Woodside CEO Meg O’Neill said the changes are […]
JinkoSolar to Supply Utility Scale Storage to Athens Airport
(JinkoSolar, 21.Jun.2024) — JinkoSolar Holding Co., Ltd. entered into a Heads of Terms with kIEFER to supply its large scale battery storage, SunTera to Athens International Airport (AIA), hence supporting its commitment to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will operate one of the largest self-consumption systems in an airport facility worldwide, and will […]
ExxonMobil to Sponsor Porsche Carrera Cup North America Series
(Exxon, 20.Jun.2024) — The impressive field of Porsche 911 GT3 Cup racers competing in the Porsche Carrera Cup North America championship are now fueled by ExxonMobil’s Synergy Supreme+ premium gasoline – the same fuel available at the pump at gas stations across North America. ExxonMobil’s debut as the official fuel for […]
Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled
(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations. The third and final arbitrator has not […]
Fulcrum LNG Named to Help Guyana Develop its Gas Resources
(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company’s proposal was selected from among 17 submitted to Guyana for the […]
TotalEnergies Launches Ubeta Gas Development to Supply Nigeria LNG Liquefaction Plant
(TotalEnergies, 20.Jun.2024) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port […]
Grupo Carso Acquires 100% of Capital Stock of PetroBal
(Grupo Carso, 20.Jun.2024) — Grupo Carso, S.A.B. de C.V., following its notice dated 18 Dec. 2023, informs the investor public that since the stipulated conditions have been met and the corresponding regulatory authorizations obtained, on this date through its subsidiary Zamajal, S.A. de C.V., of which it owns 90% of […]
Equinor Secures Permit for CO2 Storage in Denmark
(Equinor, 20.Jun.2024) — Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ørsted and Nordsøfonden. The partnership will start surveys to assess if the onshore license in the North West Zealand can be developed into a safe CO2 storage facility. The partners were awarded permit […]
Equinor Bags Two New North Sea CO2 Storage Licenses
(Equinor, 20.Jun.2024) — Equinor has been awarded the operatorships for the development of two new CO2 storages in the North Sea. The new licenses are important building blocks for developing the Norwegian Continental Shelf into a leading area for CO2 storage in Europe. On 20 June, the Ministry of Energy announced the award […]
Nextracker and Unimacts Dedicate Second Nevada Factory to Serve Solar Power Demand
(Nexttracker, 20.Jun.2024) — Nextracker (Nasdaq: NXT), a global market leader in solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and supply chain solutions, today jointly announced a new factory in the Las Vegas area. This is the second Nextracker-dedicated manufacturing line that Unimacts has opened […]
Petrobras Says FPSO Maria Quitéria en Route to Brazil
(Petrobras, 19.Jun.2024) — Petrobras said the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of […]
TGS Announces Initiative to Enhance Market Insights
(TGS, 18.Jun.2024) — TGS is launching a new initiative to enhance market insights in U.S. offshore wind. This initiative aims to establish its flagship product, 4C Offshore, as the leading source for offshore wind and subsea cable market intelligence in this emerging market. As part of this expansion, TGS has […]
Shell Inks Deal to Acquire Pavilion Energy
(Shell, 18.Jun.2024) — Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas (LNG) trading business with […]
Decarbonization of the Dunkirk Basin
(18.Jun.2024) — Air Liquide and Dunkerque LNG welcome the decision of the European Commission to support the D’Artagnan project. This CO2 transportation and exportation infrastructure is part of the “Cap Décarbonation” initiative, which aims to reduce CO2 emissions by 1.5 million tonnes each year in the industrial basin of Dunkirk […]
TGS and PetroAI Announce Strategic Partnership to Develop On-Demand AI Earth Models
(TGS, 18.Jun.2024) — TGS announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS’s licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and development […]
Ndustrial Expands Industrial Energy Platform into LatAm
(Ndustrial, 18.Jun.2024) — Ndustrial, the AI-powered energy intensity platform for industry, is expanding its presence throughout Latin America to meet strong customer demand to drive down industrial energy costs and emissions. The company is deploying its technology at more than a dozen industrial facilities from Chile to Mexico, with native functionality in Spanish, Portuguese and English. […]
Equinor Expands Renewables Portfolio in Poland with New Solar Plant
(Equinor, 18.Jun.2024) — Equinor’s third solar plant in Poland, Lipno has started test production. This brings the company’s onshore renewables capacity in Poland to ~200 MW, and further strengthens its position in one of the fastest-growing renewable energy markets in Europe. Lipno is located in the Wielkopolskie province in central Poland. The […]
Petrobras Inks Protocol of Intentions with the Government of Rio de Janeiro
(Petrobras, 18.Jun.2024) — Petrobras, on 18 Jun. 2024, signed a Protocol of Intentions with the Government of the State of Rio de Janeiro to carry out joint studies to feasibility of implementing an offshore wind energy pilot project. The agreement provides for the establishment of cooperation mechanisms, with the alignment […]
UN Agency Recommends New Maritime Traffic Measures in the Santos Basin
(Petrobras, 18.Jun.2024) — This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil […]
TGS Releases Dynamic Matching FWI Volume for West Kermit 3D
(TGS, 17.Jun.2024) — TGS released the Dynamic Matching FWI (DM FWI) volume for West Kermit 3D in the Delaware Basin. The final new data volumes include time reprocessing and a fully integrated depth model, featuring diving wave and reflection DM FWI. The West Kermit 3D seismic survey spans 1,054 sq […]
Mexican Billionaire Carlos Slim Wants to Join Pemex in Deepwater Natural Gas Project
(Reuters, 17.Jun.2024) — Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon’s team were discussing ways to […]
Energy Transfer Submits HSR Act Filing In Connection With WTG Acquisition
(Energy Transfer, 17.Jun.2024) — Energy Transfer LP (NYSE: ET) recently submitted its premerger notification filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with its previously announced acquisition of WTG Midstream Holdings LLC. In addition, Energy Transfer announced that the 20% interest in the BANGL […]
Cheniere Upsizes Share Repurchase Authorization and Planned Increase in Dividend
(Cheniere, 17.Jun.2024) — Cheniere Energy, Inc.’s (NYSE: LNG) Board of Directors has approved an increase in its share repurchase authorization by an additional $4bn through 2027, and a plan to increase its quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter 2024. Today’s […]
Vizsla Silver Announces Shareholder Approval at Special Meeting
(17.Jun.2024) — Vizsla Silver Corp. announced that Vizsla Silver shareholders (“Shareholders“) approved the plan of arrangement (the “Arrangement“) with Vizsla Royalties Corp. (“Spinco“) at the special meeting of Shareholders held today (the “Meeting“). Under the Arrangement, the owners of common shares of Vizsla Silver (each a “VZLA Share“) are entitled […]
New Lithium Sampling Tool Will Help Find More Lithium
(Zelandez, 17.Jun.2024) — Zelandez, a provider of technology to the lithium brine industry, announced the availability of its new Borehole Formation Tester (BFT) to lithium developers worldwide. The slimmest pump-through formation tester ever made has been delivered to the lithium sector. The advanced tool can analyze fluid underground in real-time […]
Equinor and GRTgaz to Develop CO2 Transport Infrastructure in France
(Equinor, 17.Jun.2024) — Equinor and main French gas transmission operator GRTgaz signed a project development agreement (PDA) for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project. The development will consist of […]
Ecopetrol Authorized to Execute Loans with Local Banks for COP 1tn
(Ecopetrol, 17.Jun.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that through Resolution 1671 of 14 Jun. 2024, the Ministry of Finance and Public Credit (MHCP) authorized Ecopetrol to execute a loan agreement for up to 1tn Colombian pesos (COP). The loan is expected to be executed with Banco de Bogotá S.A. (COP 642bn), […]
Petrobras on Adherence to PGFN-RFB Transaction Public Notice 6/2024
(Petrobras, 17.Jun.2024) — Petrobras, in continuity to the notice to the market disclosed on 8 Apr. 2024, informs that the Board of Directors approved, with 10 (ten) votes in favor, today, the company’s adherence to the PGFN-RFB Transaction Public Notice 6/2024 (tax disputes of significant and widespread legal controversy), which […]
TGS and PetroAI Announce Strategic Partnership
(TGS, 15 Jun.2024) – TGS announced a strategic partnership with PetroAI. This collaboration aims to provide E&P companies with an integrated solution that allows users to access TGS’s licensed data via the PetroAI platform. By leveraging PetroAI’s advanced AI models, this partnership enhances the ability to accurately quantify exploration and […]
Wärtsilä Introduces New Connector Module for Engine Power Plants
(Wartsila, 14.Jun.2024) — Technology group Wärtsilä introduces Wartsila Connector Module, an enhanced engine auxiliary module design for Wartsila’s proven 18V50SG Engine Power Plants. The new Wärtsilä Connector Module is a significant advancement in engineering, offering substantial improvements in the construction, installation, and commissioning processes for engine power plants. The new […]
TotalEnergies Sells Subsidiary in Brunei
(TotalEnergies, 14.Jun.2024) — TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259mn. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) […]
Nippon Steel on Construction Project for Blue Ammonia Plant in Qatar
(Nippon Steel, 14.Jun.2024) — Nippon Steel Corporation, in a joint endeavor with Sumitomo Corporation, has received orders for high-alloy seamless OCTG that it manufactures for a CCS(Note 1) project intended for a project to construct blue ammonia(Note 2) manufacturing plant (common name: Ammonia 7) that QatarEnergy (Head Office: State of Qatar), an Energy […]
NFE Eyes First LNG in Days, First Cargo in July
(Energy Analytics Institute, 14.Jun.2024) — New Fortress Energy (NFE) updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The company has made tremendous progress on its path towards the start of liquefaction operations, it said 14 Jun. 2024 in an official […]
GoldMining Defines Prospective Trend in Canada
(Goldmining, 13.Jun.2024) — GoldMining Inc. reported preliminary results from reprocessing, inversion and modeling of historic geophysical surveys on the Rea uranium project (“Rea Project“), Western Athabasca Basin, Alberta, Canada (see Figure 1). The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. The large land package of approximately 125,328 hectares […]
Aramco and NextDecade execute HoA for Rio Grande LNG (RGLNG)
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) — The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port […]
Kongsberg Maritime to Move Chief Engineer Role to Shore
(Kongsberg, 13.Jun.2024) — Kongsberg Maritime has received Approval in Principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control centre, marking a significant step in the journey towards uncrewed vessel operations. The move will enable the role of Chief Engineer to […]
OMV Unveils New Corporate Identity
(OMV, 13.Jun.2024) — At its Capital Markets Day in London, OMV announced a new brand identity capturing the company’s ambition and significant progress towards becoming net-zero by 2050. In line with OMV’s Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves […]
Trendsetter Wins Contract with Trident Energy do Brasil
(Trendsetter, 13.Jun.2024) — Trendsetter Engineering has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil. This contract encompasses the design and manufacture of the subsea manifolds, associated pipework, and mudmat foundations. This contract award […]
Petrobras Comments on Closure of Metanor Sale Process
(Petrobras, 13.Jun.2024) — Petrobras, in continuity with the Material Fact disclos ed on 27 Oct. 2022, informs that, observing the applicable internal governance, the closure of the competitive process for the full sale of Petrobras’ stake, corresponding to 50% of the voting capital and 34.54% of the total capital, in […]
Peru LNG Doubles Natural Gas Supply
(PERU LNG, 13.Jun.2024) — PERU LNG is reinforcing its commitment to the massification of natural gas with the construction of the second loading station to dispatch liquefied natural gas through trucks. This system allows its distribution through trucks, known as “virtual pipelines,” and is taking natural gas to 10 regions in […]
Mexico’s Sheinbaum seen Tapping Political Heavyweights for State Energy Jobs
(Reuters, 12.Jun.2024) — Mexico’s former foreign minister, the scion of a legendary political family, and a party boss are in contention for top energy-related jobs in President-elect Claudia Sheinbaum’s government, sources said, suggesting political savvy will trump technical expertise in running state energy companies. The cabinet of President-elect Claudia Sheinbaum […]
Bristow Enters into Gov’t-Backed Equipment Financing for up to €100mn
(Bristow, 12.Jun.2024) — Bristow Group Inc. (NYSE: VTOL) announced that Bristow Leasing Limited, a UK subsidiary, has entered into a new Export Development Guarantee term-loan facility for an aggregate amount of up to €100mn with National Westminster Bank Plc (NatWest) as the original lender and UK Export Finance guaranteeing 80% of the […]
Higher LNG Prices to Limit Asian Demand, WoodMac Says
(WoodMac, 12.Jun.2024) — European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report by data and analytics company Wood Mackenzie. […]
TST Ratifies Deal to Recall Former ANSA Workers
(Petrobras, 12.Jun.2024) — Petrobras informs that the Superior Labor Court (TST) ratified, on 12 Jun. 2024, the agreement for the recall of approximately 250 workers by Araucária Nitrogenados S/A (ANSA), a Petrobras subsidiary. The agreement proposed by the Labor Prosecutor’s Office was ratified by the TST. The recalled professionals are […]