(Equinor, 15.Apr.2024) — Equinor and EQT Corporation agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interest in the Northern Marcellus formation. Under the transaction agreement, Equinor will sell 100% interest in and operatorship of its onshore asset […]
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.
SLB Awarded Three Completion Contracts for Petrobras’ Buzios Field
(SLB, 15.Apr.2024) — SLB (NYSE: SLB) has been awarded three contracts by Petrobras (NYSE: PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. The scope of the contract includes SLB’s full bore electric interval control valves and […]
Xi Jinping on the Belt and Road Initiative and Readers in Chile
(Beijing Review, 13.Apr.2024) — The Spanish edition of Xi Jinping on the Belt and Road Initiative is helping Latin American countries better understand and participate in the China-proposed Belt and Road Initiative (BRI), officials and scholars said at a seminar held for readers to share their ideas in Santiago, Chile, […]
Power Nickel Closes Oversubscribed Private Placement
(Power Nickel, 12.Apr.2024) — Power Nickel Inc.(TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) closed its previously announced private placement of common shares at $0.20 per common share. The company has issued 11,889,875 common shares for gross proceeds of $2,377,975. The private placement is subject to final approval of the TSX Venture […]
SBM Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar
(SBM, 12.Apr.2024) — SBM Offshore announced that ExxonMobil Guyana Limited (EMGL) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation […]
ExxonMobil Guyana Takes $12.7bn FID with Sixth Project Whiptail
SPRING, TEXAS (ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add 250,000 barrels of daily capacity by the end of 2027. “Our sixth […]
Repsol Completes Construction of Frye Solar, its Largest Solar Plant in the US
(Repsol, 11.Apr.2024) — Repsol completed construction of its Frye Solar project, its largest photovoltaic plant to date, with a total installed capacity of 637 MW and 570 MW currently in operation. Located in the United States, the Frye Solar project was built near the city of Kress, Swisher County, Texas. […]
Golden Arrow Updates on Agreement at San Pietro IOCG
(Golden Arrow, 11.Apr.2024) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reported on the status of the option granted to Sociedad de Servicios Andinos SpA (SSA) in respect to the San Pietro project located in Chile (the “Transaction“). As previously announced on 12 Jan. 2024 (the “Initial Press Release“), New Golden Explorations Chile SpA […]
Petrobras Looks to Overturn Decision Regarding Pietro Adamo
(Energy Analytics Institute, 11.Apr.2024) — Brazilian energy giant Petrobras said a precautionary decision was issued on 11 Apr. 2024 in the context of a popular action underway at the 21st Federal Court of São Paulo, which determined the suspension of Mr. Pietro Adamo Sampaio Mendes from his position as a […]
PetroTal Announces Q1 2024 Operations and Corporate Updates
(PetroTal, 11.Apr.2024) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q1 2024 Production PetroTal achieved average production of 18,518 barrels of oil per day (bopd) in Q1 2024, in line with guidance. […]
GeoPark In Exclusive Dealings to Buy Unconventional Blocks in Vaca Muerta
(GeoPark, 11.Apr.2024) — GeoPark Limited (NYSE: GPRK) has submitted a binding offer to acquire a non-operated working interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the date of this release, the offer has been accepted by the seller and the parties are working on an […]
GoGold Reports Quarterly Production at Parral
(GoGold, 10.Apr.2024) —GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production ending 31 Mar. 2024 of 375,745 silver equivalent ounces, consisting of 138,657 silver ounces, 2,184 gold ounces, 93 tonnes of copper, and 92 tonnes of zinc. With the SART Zinc circuit commissioning completed, this marks the first quarter where Parral produced a saleable zinc product. “Now […]
China Remains the Clear Energy Transition Leader
(BloombergNEF, 10.Apr.2024) — Despite posting only modest growth in 2023, China remains by far the largest market for energy transition spending, reaching $676bn in 2023, according to a report by BloombergNEF. This is 38% of the global total. The US is the second-largest funding destination for energy transition technologies, with […]
Petrobras finds oil in ultra-deep waters of the Potiguar basin
RIO DE JANEIRO, BRAZIL (By Petrobras, 9.Apr.2024, Words: 552) — Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, of Concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is located on the coast between Ceará and Rio Grande do Norte, about 190 km […]
APA Corp. Updates on Executive Leadership Changes
(APA Corp., 9.Apr.2024) — APA Corporation (Nasdaq: APA) announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. “Building on the momentum of our recently closed acquisition, we […]
BP in Talks to Sell Some Trinidad Upstream Gas Assets to Perenco
(Reuters, 8.Apr.2024) — BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago’s largest natural gas producer with an output of just over 1.3 billion […]
Petrobras Comments on Decision in Popular Action
(Energy Analytics Institute, 8.Apr.2024) — Petrobras said that on 5 Apr. 2024 a precautionary decision was published within the scope of a popular action in progress at the 21st Federal Court of São Paulo, which determined the suspension of Mr. Sérgio Machado Rezende from the exercise of the position of […]
Petrobras Evaluating Draft of Public Call for Tenders
(Energy Analytics Institute, 8.Apr.2024) — Petrobras is technically evaluating the draft of the public call for tenders, as is its regular practice whenever alternatives are offered in relation to tax litigation. The announcement relates to news published in the media about a possible tax transaction, the state energy giant said […]
Joint Statement from Papua New Guinea and TotalEnergies
(TotalEnergies, 8.Apr.2024) — Papua New Guinea Prime Minister James Marape and TotalEnergies Chairman and CEO Patrick Pouyanné met together to discuss the status of the Papua LNG project. On this occasion, Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, and […]
S&P Upgrades CGG’s Long Term Debt
(CGG, 8.Apr.2024) — CGG announced that S&P Global Ratings has upgraded the company’s issuer credit rating to ‘B’ from ‘CCC+’. S&P noted “a markedly stronger 2024–2025 financial performance” as a reason for the upgrade. “We believe that S&P’s rating upgrade aligns with our recently communicated financial roadmap”, said CGG CFO […]
Petrobras on Extraordinary Dividend Payment
(Energy Analytics Institute, 6.Apr.2024) — Brazilian energy giant Petrobras, in regards to recent news published in by the local media in Brazil, clarifies that the payment of extraordinary dividends was not on the agenda of the company’s Board of Directors meeting held on 5 Apr. 2024, the company said 6 […]
MEEI Says Cove Operations Moving to Hydrocarbon Removal Phase
(Ministry of Energy and Energy Industries, 5.Apr.2024) — The Ministry of Energy and Energy Industries (MEEI) advises that steps have been taken to progress operations to the hydrocarbon removal phase of the overturned vessel off the coast of Cove, Tobago. Investigations inclusive of a tank-by-tank analysis to determine both the […]
Ecopetrol Announces Senior Management Changes
(Ecopetrol, 5.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes: Ana Milena López, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value effective on 12 Apr. 2024. María Catalina Escobar Hoyos, our current Value Maximization Manager, will temporarily take over this position […]
Chevron Invests in Carbon Capture and Removal Technology Company, ION Clean Energy
(Chevron, 4.Apr.2024) — Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy, a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. ION raised $45mn in Series A financing led by CNE. The capital raised will continue to fund […]
Petrobras Comments on Upcoming General Meeting
(Energy Analytics Institute, 4.Apr.2024) — Rio de Janiero-based Petrobras, with regards to news published by the local Brazilian media about the payment of extraordinary dividends, said 4 Apr. 2024 in an official statement that there was no decision regarding the distribution of such amounts. According to the so-called material fact […]
Venezuelan Production with US Sanctions Not Reimposed, Reimposed: Rystad
(Rystad Energy, 4.Apr.2024) — As the deadline for US sanctions relief on Venezuela ends on 18 Apr. 2024, the outlook for the South American nation’s oil industry appears uncertain. If the US does not reimpose sanctions, Venezuela could surpass the 1 million barrels per day (bpd) threshold as early as […]
MEEI Head Young Meets with Methanex Country President Bain
(MEEI, 3.Apr.2024) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, met with Mr. Colin Bain, Managing Director and President, Methanex Trinidad and Tobago. This meeting took place on 3 Apr., 2024 at the Ministry of Energy […]
No Sun? No Big Deal
(CMS Energy, 3.Apr.2024) — In ancient times, some thought a dragon was swallowing the sun, or that it was the end of the world. These days, it’s an occasion for gawking, a scramble for the right shades and social media posting. But for Consumers Energy‘s solar power plants, next week’s […]
TotalEnergies Launches New Battery Storage Project in Belgium
(TotalEnergies, 3.Apr.2024) — On the occasion of Belgian Energy Minister Tinne Van der Straeten’s visit to TotalEnergies‘ Antwerp refinery battery storage project, the company announced the development in Belgium of a second similar project. The new project will be developed on the site of TotalEnergies’ depot in Feluy. It will […]
PGS Commences MultiClient 3D Survey in Penyu Basin, Offshore Malaysia
(PGS, 3.Apr.2024) — PGS, a fully integrated marine geophysical company, together with its joint venture consortium partners, TGS and SLB have successfully commenced a MultiClient 3D seismic project located in the Penyu Basin, offshore Peninsular Malaysia. The Ramform Sovereign vessel was mobilized to the acquisition area in Mar. 2024 and […]
TGS Starts Penyu Basin Multi-Client Offshore Peninsular Malaysia
(TGS, 3.Apr.2024) — TGS, a global energy data and intelligence provider, alongside JV consortium partners PGS and SLB, announces the commencement of a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia. In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of petroleum resources in Malaysia, this project […]
Phillips 66 Increases Quarterly Dividend
(Phillips 66, 3.Apr.2024) — The board of directors of Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on 3 Jun. 2024, to shareholders of record as of the close of business on 20 […]
Petrobras on Minority Shareholders’ Nominations for BODs, Fiscal Council
(Petrobras, 3.Apr.2024) — Petrobras, following up on the communication from 20 Mar. 2024, informs that it has received correspondence from minority shareholders holding common shares requesting the replacement of candidates for the positions of main and alternate members of the Fiscal Council (FC), for the election to be held at […]
Valmet Completed Acquisition of Process Gas Business from Siemens
(Valmet Oyi, 2.Apr.2024) — Valmet has completed the acquisition of the Process Gas Chromatography & Integration business from Siemens AG. The closing of the transaction follows the agreement that was announced on 17 Jul. 2023. The Process Gas Chromatography & Integration business of Siemens is a market leader with its MAXUM […]
Hanwha Bids for Shipbuilding Leader Austal
(Hanwha, 2.Apr.2024) — Hanwha Group has submitted an indicative offer to the Australian headquartered Austal board to acquire the global business of Austal, via a scheme of arrangement, subject to satisfactory due diligence. Hanwha brings important capabilities and investment to support Austal’s business and local Australian communities while aligning with government […]
Maurizio Coratella Named McDermott EVP and COO
(McDermott, 2.Apr.2024) — McDermott announced Maurizio Coratella as Executive Vice President and Chief Operating Officer effective 1 May 2024. In his new role, Coratella will apply his more than three decades of industry leadership and engineering and construction expertise to continue the momentum established by the company’s growing backlog and expanding energy transition practice. He […]
Bendito Resources Pursues Strategic Acquisition of Mt. Hamilton Gold Project
(Bendito Resources, 2.Apr.2024) — Bendito Resources Inc. has entered into a Membership Interest Purchase Agreement with Waterton Nevada Splitter, LLC and Waterton Nevada Splitter II, LLC (collectively, the “Vendor”) pursuant to which Bendito will acquire (the “Transaction”) from the Vendor 100% of Mt Hamilton LLC, the owner of the Mt. Hamilton gold […]
PETRONAS and JERA to Explore Value Chain Between Japan and Malaysia
(PETRONAS, 2.Apr.2024) — PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), recently signed a Joint Study Agreement (JSA) with JERA Co., Inc, to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide (CO2) emitted by JERA in […]
White House Open to Ending LNG Export Pause
(Reuters, 2.Apr.2024) — U.S. officials are open to ending President Joe Biden’s pause on approvals of liquefied natural gas exports to get a Ukraine aide package passed in Congress but want to wait to see the entire proposal before making any decisions, two White House sources said on Tuesday. Biden, […]
SLB to Buy ChampionX in an All-Stock Deal
(SLB, 2.Apr.2024) — SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. Highlights: Acquisition strengthens SLB as a leader in production space, with world-class production chemicals […]
Desert Mountain updates on helium plant in New Mexico
(DME, 1.Apr.2024) — Desert Mountain Energy Corp. (DME) updated its shareholders on the current operational developments in New Mexico and Arizona. From the President of the Company. DME has successfully installed the necessary physical equipment for the helium processing plant in New Mexico, achieving its initial objective of becoming a […]
Phillips 66 Achieves Major Milestone in Production of Renewable Diesel
(Phillips 66, 1.Apr.2024) — Phillips 66 (NYSE: PSX) announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel. The Rodeo Renewed project has progressed, with the facility now processing only renewable feedstocks and producing approximately […]
Noble on Changes to Share Capital Mar. 2024
(Noble, 31.Mar.2024) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) announces changes to its share capital. During the period since 29 Feb. 2024, 30,833 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 216 new A ordinary shares have been issued to certain holders of […]
EAI’s NRGBriefs: March 2024
(Energy Analytics Institute, 31.Mar.2024) — Energy briefs as well as others related to finance and projects during Mar. 2024 including Argentine inflation reaching 13.2% in Feb. 2024 and trailing 12-month inflation reaching 276.2%; Petrobras saying it will not create a new reserve; NextDecade targeting a positive final investment decision (FID) […]
ABS, Sumitomo, Others to Explore Ammonia Options for US West Coast
(Sumitomo Corporation of America, 29.Mar.2024) — American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services, LLC announced the execution of a Memorandum of Understanding (MOU) to jointly conduct a feasibility study with the aim to be one of the pioneers in establishing a comprehensive and competitive […]
Exmar Released its 2023 Results-PDF Download
(Energy Analytics Institute, 26.Mar.2024) — Exmar released details and highlights related to its activities in 2023 spanning the Marine XII project in Congo to Exmar re-entering the drilling segment as well as some subsequent events such as Exmar expanding its holding in Vantage Drilling. ____________________ By Aaron Simonsky. © Energy Analytics […]
Eni Renews Membership with MIT Energy Initiative
(Eni, 26.Mar.2024) — Eni renewed its membership participation in the MIT Energy Initiative (MITEI) as a Founding Member until end of 2027, furthering its commitment to the field of low-carbon energy research. The agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term […]
Eni, Fincantieri and RINA Team up Against Maritime Transport Decarbonization
(Eni, 25.Mar.2024) — Eni, Fincantieri, one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors, and RINA, a multinational inspection, certification, and engineering consultancy, have signed an agreement to develop joint initiatives for the energy transition. The partnership formalises the commitment to develop […]
Venezuela’s Parliament Approves Creation of State in Disputed Oil-Rich Essequibo
(AFP, 23.Mar.2024) — Caracas has long laid claim to Essequibo, which makes up about two-thirds of Guyana’s territory, but started taking active steps to retrieve the land after massive offshore oil deposits were discovered there in 2015. Lawmakers unanimously approved a law on Thursday that was drawn up after a December […]
Chevron Venezuela Manager Jailed Amid Crackdown on Gov’t Critics
(AP, 23.Mar.2024) — A former fighter pilot jailed in Venezuela in February for his ties to a prominent human rights attorney is an employee of U.S. oil firm Chevron, The Associated Press has learned, an arrest that combined with other recent repressive acts by Nicolás Maduro’s government is straining efforts […]