(Clean Energy, 11.Jun.2024) — Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced that construction of a third production train at its liquefied natural gas (LNG) plant in Boron, California, has been completed, increasing the plant’s volume capacity by 50 percent. Already […]
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.
JinkoSolar’s TOPCon Module Reaches Conversion Efficiency of 25.42%
(JinkoSolar, 11.Jun.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced a significant breakthrough in the development of its N-type TOPCon solar module. Tested by TĂśV SĂśD, the conversion efficiency for 2 m2 above large-size solar modules has reached 25.42%, setting a new record again. This further reinforces our confidence that N-type […]
Woodside Achieves First Oil at Sangomar Offshore Senegal
(Woodside, 11.Jun.2024) — Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project. The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone floating production storage and offloading (FPSO) facility with a nameplate capacity of […]
Noble Publishes Form 8-K Pertaining to Diamond Deal
(Energy Analytics Institute, 11.Jun.2024) — Noble Corporation plc published its current report on Form 8-K pertaining to the announced transaction with Diamond Offshore Drilling, Inc. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
Petrobras Updates on Dividends and Interest for 1Q:24Â
(Petrobras, 11.Jun.2024) — Petrobras, following the Material Fact of 13 May 2024, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the […]
Oceaneering Announces Manufactured Products Contracts with Petrobras
(Oceaneering, 10.Jun.2024) — Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (Petrobras) through a competitive bidding process. The expected aggregate net revenue is in the range of $120mn to $183mn. Oceaneering is contracted to supply up to 362 kilometers, […]
SFPP Announces Binding Open Season for Additional Capacity on Its East Line System
(SFPP, 10.Jun.2024) — SFPP, L.P. (SFPP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), launched a binding open season to solicit commitments to support a proposed expansion of the East Line portion of its pipeline system from El Paso, Texas to Tucson, Arizona. The open season began at 8:00 a.m. […]
TGS and Liberia Ink New Multi-Client 2D and 3D Seismic Reprocessing Agreements
(TGS, 10.Jun.2024) — TGS has partnered with the National Oil Company of Liberia (NOCAL) to undertake significant additional multi-client seismic data reprocessing offshore Liberia. This initiative will rejuvenate the remaining 2D and 3D data in Liberia’s prospective Liberia and Harper Basins. The project will integrate existing legacy datasets to create […]
Noble to Acquire Diamond Offshore
(Noble, 10.Jun.2024) — Noble Corporation plc (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (NYSE: DO) entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration […]
Qatar Shipyard Receives Remove Survey Approval
(ABS, 10.Jun.2024) — As part of a pioneering joint development project (JDP), ABS approved a range of ship repair and retrofit work processes for remote survey at Qatar Shipyard and Technology Solutions. ABS tested, validated and approved remote survey techniques at Qatar Shipyard and Technology Solutions for a number of survey […]
African Energy Week Targets Equitable Energy Future
(African Energy Chamber, 10.Jun.2024) — The upcoming African Energy Week (AEW): Invest in African Energy conference will feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future. The Summit will discuss […]
OMV Starts Co-processing Plant at Schwechat Refinery
(OMV, 10.Jun.2024) — OMV has started up its co-processing plant at the Schwechat refinery in Austria. Almost EUR 200mn have been invested to allow up to 160,000 metric tons of liquid biomass being converted into high-quality renewable hydrogenated vegetable oil components. These more sustainable blending components will be used also […]
DVNV Says Better Confidence Essential
(DNV, 10.Jun.2024) — DNV examines how digital twins can support the UK’s net-zero objectives in a new report, emphasizing the critical role of industry collaboration and trust in ensuring the substantial contribution of digital twins to the energy transition. This report includes interviews with regulators, asset owners, consultancies, and government […]
Petrobras Publishes 2023 Sustainability Report
(Petrobras, 10.Jun.2024) — Petrobras published its 2023 Sustainability Report. The document reports on progress in the company’s sustainability commitments and consolidates indicators related to environmental, social and governance (ESG) issues. This year, an ESG Panel was also published, which brings together quantitative data, including the performance of indicators following the international […]
Fact sheet: Colombian coal
(National Mining Agency, 9.Jun.2024) — Approximately 92% of coal production in Colombia is extracted in open-pit mining areas in the departments of Cesar and La Guajira, with thermal coal, which in general is exported. The remaining 8% is mined mainly underground in the departments of Cordoba, Antioquia, Valle and Cauca, with thermal coal, and […]
Colombia Will Suspend Coal Exports to Israel over War in Gaza
(AP, 8.Jun.2024)) — President Gustavo Petro announced on Saturday that his country will suspend coal exports to Israel over the war in Gaza, as relations sour between two countries that were once close military and commercial allies. Petro wrote on the social media platform X that coal exports will only resume “when […]
Black & Veatch Delivers Feasibility Study for Andes Energy LNG Terminal
(Black & Veatch, 7.Jun.2024) — Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification terminal and power plant. The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, […]
Petrobras Informs on Request to Convene General Meeting
(Energy Analytics Institute, 7.Jun.2024) — Petrobras´ Board of Directors decided by majority not to accept the shareholders’ requests to call an Extraordinary General Meeting (“EGM”), due to the failure to meet the requirements of subparagraph “c” of article 123 of the Law No. 6,404/1976, the state oil company said 7 […]
SBM Reserves Fast4Ward® Hull for Block 58 Development
(SBM, 6.Jun.2024) — SBM Offshore announced that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an […]
TotalEnergies: Capital Increase Reserved for Employees of in 2024
(TotalEnergies, 6.Jun.2024) — In accordance with its policy in favour of employee shareholding, the Board of Directors of TotalEnergies SE decided, on 21 Sep. 2023, to carry out a capital increase reserved for eligible employees and former employees of TotalEnergies SE and its French and foreign subsidiaries in which the […]
Mexico’s New President Inherits an Economy in Shambles
(Industrial Info Resources, 6.Jun.2024) — Claudia Sheinbaum, Mexico’s president-elect, will inherit “a number of headaches” when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum’s predecessor, AndrĂ©s Manual LĂłpez Obrador, or AMLO, Mexico’s economy deteriorated significantly. Notably, […]
Glenfarne Energy Transition’s Texas LNG Receives Key Local Tax Abatement
(Glenfarne Energy, 6.Jun.2024) — Texas LNG, a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas and owned by Glenfarne Energy Transition, was approved for a Texas Tax Code Chapter 312 tax abatement from Cameron County. The tax […]
Petrobras and Curtiss-Wright Enter into Partnership
(Petrobras, 6.Jun.2024) — To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will […]
Speed and Scale of Energy Transition Must Increase, Equinor Says
(Equinor, 6.Jun.2024) — In 2024, almost half of the world’s population go to the polls. Many elections will demonstrate some of the key trends shaping world politics: geopolitical competition, economic nationalism, and political polarisation. This in turn will impact global energy markets and the progress of the energy transition. Energy […]
Hess Advised in Secondary Public Offering
(Hess, 6.Jun.2024) — Hess Midstream LP (NYSE: HESM) (HESM) announced the pricing of an underwritten public offering of an aggregate 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the Selling Shareholder) at a public offering price of US$34.30 per Class A […]
Petrobras Approves Reactivation of Araucária Fertilizer Plant
(Petrobras, 6.Jun.2024) — Petrobras’ Executive Board approved the resumption of operating activities of fertilizer plant Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020. All procedures required for the reopening of the plant will be initiated […]
Aker Solutions Secures Brownfield, Modification Frame Deal with Azule Energy
(Aker Solutions, 6.Jun.2024)) — Aker Solutions secured a sizeable (1) long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator […]
Israel Risks Losing Colombian Coal Supplies over Gaza War
(Bloomberg, 6.Jun.2024) — Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the recommendation to “limit” shipments of the fuel to a committee that rules […]
Election to Equinor’s Board of Directors
(Equinor, 6.Jun.2024) — In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 4 Jun. 2024 Tone Hegland Bachke and Fernanda Lopes Larsen were elected as new members to the board of directors of Equinor. Furthermore, the corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater […]
Technip and Turner Awarded Contract by ExxonMobil for Louisiana CCS Project
(Technip, 6.Jun.2024) — Technip Energies (PARIS:TE), in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction. The contract covers ExxonMobil […]
TotalEnergies, APA Corp. and Staatsolie Progress towards FID on Block 58
(TotalEnergies, 5.Jun.2024) — On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final […]
Petrobras and Sinosure Ink MOU
(Petrobras, 5.Jun.2024) — Petrobras signed a Memorandum of Understanding (MoU) with the Chinese Export Credit Agency, Sinosure. The agreement aims to evaluate investment and cooperation opportunities in low-carbon and green finance initiatives; to strengthen Petrobras’ supply chain; and to increase and facilitate trade and financial exchanges between Petrobras and Chinese […]
TotalEnergies Buys Gas-Fired UK Power Plant
(TotalEnergies, 5.Jun.2024) — In line with its development as an integrated electricity player, TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of ÂŁ450mn. West Burton Energy owns and operates […]
Mega Gas Project off Africa Nears Final Stages Before Start-up
(bp, 4.Jun.2024) — Seven years in the making, something remarkable is taking shape in the ocean where Mauritania and Senegal meet. A project, which includes a breakwater, subsea, a floating liquefied natural gas facility (FLNG), and floating production, storage and offloading vessel (FPSO) – each an engineering feat in its own […]
Equinor Solidifies New York Offtake Deal for Empire Wind 1
(Equinor, 4.Jun.2024) — Equinor announced the execution of the Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the Empire Wind 1 offshore wind project. This agreement follows NYSERDA’s February announcement that Equinor had been selected as a […]
Equinor Divests Interests in Gina Krog Area
(Equinor, 4.Jun.2024) — Equinor is selling 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG). With this, the ownership between Equinor and PGNiG in these licenses will be balanced with the Gina Krog field. The plan for development […]
Field Development Plan for Block 56 Submitted to MEM
(Tethys Oil, 4.Jun.2024) — Tethys Oil has, through its wholly owned subsidiary, achieved a significant milestone in its exploration and appraisal activities by submitting its first comprehensive Field Development Plan (“FDP”) for Block 56, Mudawrat Concession, to the Omani Ministry of Energy and Minerals (“MEM”) for review and approval. The […]
GTA LNG Project Reaches Milestone with Arrival of FPSO
(bp, 4.Jun.2024) — The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore on the maritime border of Mauritania and Senegal. The FPSO vessel is currently being moored at the site 40km offshore […]
Mega Gas Project off Africa Nears Final Stages before Start-up
(bp, 4.Jun.2024) — It takes extraordinary engineering and technology to keep the world supplied with energy. The latest example – one of bp’s biggest-ever projects – is coming together in the deep waters of the Atlantic Ocean, off the coast of West Africa. Seven years in the making, something remarkable is […]
TotalEnergies Increases LNG Deliveries to Asia with Two New Contracts
(TotalEnergies, 4.Jun.2024) — In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies announces the signing of two new LNG medium- and long-term contracts in Asia: a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons per year […]
SEOGS: The Next Stage of Success
(SEOGS, 3.Jun.2024) — Taking place from 4-7 Jun. 2024, SEOGS will be hosted by Staatsolie under the theme: The Next Stage of Success. SEOGS is the market leading energy and offshore event in Suriname and one the largest energy events in the Caribbean attracting a regional and international audience. With the first developments on the […]
Mexico Elects Claudia Sheinbaum as its First Female President
(AP, 3.Jun.2024) — Mexico’s projected presidential winner Claudia Sheinbaum will become the first female president in the country’s 200-year history. Sheinbaum, the favored successor of outgoing President AndrĂ©s Manuel LĂłpez Obrador, vowed to continue on the direction set by the populist leftist leader. But the cool-tempered scientist offers a sharp contrast in style […]
A Scientist, a Leftist and a Former Mexico City Mayor. Who is Claudia Sheinbaum?
(AP, 3.Jun.2024) — Claudia Sheinbaum, who will be Mexico’s first woman leader in the nation’s more than 200 years of independence, captured the presidency by promising continuity. The 61-year-old former Mexico City mayor and lifelong leftist ran a disciplined campaign capitalizing on her predecessor’s popularity before emerging victorious in Sunday’s vote, according to an official […]
Subsea7 Awarded Four PLSV Contracts in Brazil
(Subsea7, 3.Jun.2024) — Subsea7 announced, after a competitive tender process, the award by Petrobras of four long-term day-rate contracts for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over $1.25bn and will be recorded in the backlog in the second quarter. The contracts for Seven […]
Mitsubishi Power to Supply Technology to Support Brazil’s Largest Reliability Project
(Mitsubishi, 1.Jun.2024) — The consortium formed by Mitsubishi Power Americas, Inc. and CONSAG Engenharia – an Andrade Gutierrez company (CONSAG) – recently signed an agreement with Portocem Geração de Energia S.A. and New Fortress Energy, Inc. (NFE) for the engineering, procurement, and construction (EPC) of the Portocem Thermoelectric Power Plant […]
NMPRC Approves New PNM Energy Resources for 2026
(NMPRC, 31.May.2024) — The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), for new energy resources to be added by summer 2026. The new resources, totaling 410 megawatts of solar and battery storage capacity, are planned to […]
Noble Announces Changes to its Share CapitalÂ
(Noble, 31.May.2024) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) announces changes to its share capital. During the period since 30 Apr. 2024, 57,454 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 57,454 new A ordinary shares have been issued to certain holders of […]
Petrobras on Minority Shareholder Correspondence
(Petrobras, 31.May.2024) — Petrobras has received correspondence from minority shareholders of the company requesting the convening of an Extraordinary General Meeting (“EGM”) for the election of members of the Board of Directors (“BoD”) and for the chairmanship of the BoD, under the argument that there would have been dismissal of […]
EAI’s NRGBriefs: May 2024
(Energy Analytics Institute, 31.May.2024) — Energy briefs as well as others related to finance and projects during May 2024 including Offshore Technology Conference (OTC) 2024 highlights from Houston, Texas; the government of Trinidad and Tobago receiving a specific 2-yr licence from OFAC to pursue the exploration, production and export of […]
Ecopetrol Reports on Registry of Amendments of its Bylaws
(Energy Analytics Institute, 30.May.2024) — Colombia’s state-owned Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reported that the amendment to its bylaws was registered with the Chamber of Commerce of Bogotá on 29 Mar. 2024. This amendment was approved by the General Shareholders’ Assembly in an ordinary session held on 22 Mar., and […]