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.

Chesapeake, Delfin LNG and Gunvor Ink 0.5 MTPA Deal

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(Chesapeake, 13.Feb.2024) — Chesapeake Energy Corporation (NASDAQ: CHK), Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 […]

Oil and Gas Cautiously Optimistic about AI

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(Aspectus Group, 13.Feb.2024) — The eighth annual Global Energy Talent Index (GETI), the world’s most established and comprehensive energy workforce trends report, released today, highlights a cautious approach to AI adoption in the oil and gas industry, wide interest in AI skills development, and a slowing of salary growth. According to […]

DiamondBack and Endeavor Merge in $26bn Deal

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(Endeavor, 12.Feb.2024) — Diamondback Energy, Inc. (NASDAQ: FANG) and Endeavor Energy Resources, L.P. entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26bn, inclusive of Endeavor’s net debt. The combination will create a premier Permian independent operator. The transaction consideration […]

Foss & Company Partners with Tokyo Gas on Energy Storage System

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(Foss & Company, 12.Feb.2024) — Foss & Company, an institutional fund sponsor, is proud to announce its role as the exclusive provider of tax equity for the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX, near Houston. This landmark project represents a significant $118.5 […]

Diamondback, Endeavor to Create $50bn Company

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(Reuters, 11.Feb.2024) — U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas company valued at more than $50 billion, sources said on Sunday. Diamondback could announce a transaction as soon as Monday […]

EWE and GASCADE Team up to Develop Hydrogen Infrastructure

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(GASCADE, 9.Feb.2024) — EWE, an energy service provider and storage operator, has joined the collaborative initiative of gas transport network operators GASCADE, ONTRAS and terranets bw as an associated partner with experience in hydrogen storage. EWE and gas transmission network operator and project initiator GASCADE have now signed a formal […]

IsoEnergy Completes C$23mn Bought Deal Private Placement

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(IsoEnergy, 9.Feb.2024) — IsoEnergy Ltd. (TSXV: ISO) (OTCQX: ISENF) closed its previously announced “bought deal” brokered private placement announced on 18 Jan. 2024, pursuant to which the company sold 3,680,000 federal flow-through common shares of the company (the “Premium FT Shares“) at an offer price of C$6.25 per Premium FT […]

Petrobras on Dividend Payment

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(Petrobras, 9.Feb.2024) — Petrobras, following up on the press releases published on 9 Nov. 2023 and 21 Nov. 2023, informs that it will pay on 20 Feb. 2024 the first installment of dividends and interest on capital (JCP) relating to the balance sheet of 30 Sep. 2023, based on the […]

Petrobras on BODs Received Nominations 

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(Petrobras, 9.Feb.2024) — Petrobras confirms media reports that it has received nominations from the Ministry of Mines and Energy for election to the Board of Directors, to be held at the 2024 Annual General Meeting. The nominations will be submitted to the applicable governance assessments, including the company’s internal procedures, […]

Enbridge Reports Record 2023 Financial Results

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(Enbridge, 9.Feb.2024) — Enbridge Inc. (TSX:ENB) (NYSE:ENB) reported fourth quarter 2023 financial results, reaffirmed its 2024 financial guidance and provided a quarterly business update. Highlights Full year GAAP earnings of $5.8bn or $2.84 per common share, compared with GAAP earnings of $2.6bn or $1.28 per common share in 2022 Adjusted […]

Diamond Offshore Reveals New Floater Commitments

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(Diamond Offshore, 8.Feb.2024) — Diamond Offshore Drilling, Inc. (NYSE: DO) executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in Sep. 2024 in direct continuation of the rig’s current contract. This contract extension represents approximately $350mn of additional backlog. […]

ConocoPhillips Reports 4Q:23 and 2023 Results [PDF Downloads]

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(ConocoPhillips, 8.Feb.2024) — ConocoPhillips (NYSE: COP) reported fourth-quarter 2023 earnings of $3bn, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2bn, or $2.61 per share. Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9bn, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4bn, or $2.71 […]

Woodside Ends Discussions with Santos

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(Woodside Energy, 7.Feb.2024) — Woodside has ceased discussions regarding a potential merger with Santos Ltd. As a global energy company, Woodside continuously assesses a range of organic and inorganic growth opportunities. Woodside CEO Meg O’Neill said that for every opportunity Woodside assesses, it conducts thorough due diligence, and will only […]

New SIF-Prevention Training Gives Field Leaders Ownership in Safety Culture

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(Chesapeake, 7.Feb.2024) — Chesapeake is continuing to enhance safety across the organization by recently holding a week-long train-the-trainer workshop for field leaders. The workshop is one part of a comprehensive training program focused on reducing Serious Incidents and Fatalities (SIFs). Ten leaders who oversee field personnel attended the workshop, which […]

TotalEnergies Starts Production in Nigeria at Akpo West Field

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(TotalEnergies, 7.Feb.2024) — TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria. Located 135 kilometers off the coast, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started-up in 2009 and […]

TotalEnergies on Indicative Dates for 2024, 2025 Dividends

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TotalEnergies, 7.Feb.2024) — The Board of Directors of TotalEnergies SE met on 6 Feb. 2024, and recalled, subject to decisions by the board and the shareholders’ meeting which will approve the 2024 financial statements, allocation of earnings and final dividend, the ex-dividend dates for 2024 and decided the payment dates […]

Stena RoRo Takes Delivery of E-Flexer RoPax Vessel

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(Stena RoRos, 7.Feb.2024) — Today, number ten of the Stena RoRo E-Flexer series was delivered from the CMI Jinling, Weihai Shipyard. The vessel, named Ala’suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia. […]

Bristow on Coast Guard Search and Rescue Aviation Services in Ireland

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(Bristow, 7.Feb.2024) — Bristow Ireland Limited, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has received its Air Operator Certificate (AOC) from the Irish Aviation Authority (IAA), marking a significant step towards the next generation of Coast Guard search […]

Petrobras Inks Deal with ANP

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(Petrobras, 6.Feb.2024) — Petrobras, following up on the release disclosed on 26 Apr. 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production […]

Tellurian Explores Sale of Haynesville Upstream Assets

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(Tellurian, 6.Feb.2024) — Tellurian Inc. (NYSE American: TELL) has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s upstream business. Chief Executive Officer Octávio Simões said, “As we commercialize Driftwood LNG, Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market […]

bp Reports 2023 Results [PDF Downloads]

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(bp, 6.Feb.2024) — bp delivered strong underlying financial performance in 2023, raising the dividend by 10% and buying back $7.9bn of shares, with net debt falling to its lowest level over the past decade ____________________

JinkoSolar Licenses TOPCon Patents to Solar Cell Company

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(JinkoSolar, 6.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently signed a TOPCon patent license agreement with one of the world’s top five solar cell companies (“Licensee”), granting rights to certain of its N-type TOPCon related patents to Licensee for a fee, allowing Licensee to […]

Cryopeak and Ferus Jointly-announce a Strategic Merger

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(Cryopeak LNG Solutions Corporation, 5.Feb.2024) — Cryopeak LNG Solutions Corporation and Ferus Natural Gas Fuels Inc. have merged forming a new LNG production and distribution technology-focused entity which is now named Cryopeak Energy Solutions Corporation. Cryopeak announced the acquisition of all LNG assets from Campus Energy Partners Infrastructure LP, including […]

Venture Global and Grain LNG Ink New Deal

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(Venture Global LNG, 5.Feb.2024) — Grain LNG and Venture Global announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG, subject to obtaining necessary federal permits. Under the agreement, Venture Global […]

JinkoSolar Repurchased 400,000 ADSs

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(JinkoSolar, 5.Feb.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that between 20 Dec. 2023 and 2 Feb. 2024, the company repurchased 400,000 American depositary shares of the company (the “ADSs”) in an aggregate amount of approximately US$11.8mn in the open market under its previously announced extended share repurchase program. […]

ExxonMobil Announces 2023 Results, Updates on Guyana [PDF Downloads]

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(Exxon, 2.Feb.2024) — Exxon Mobil Corporation announced fourth-quarter 2023 earnings of $7.6bn, or $1.91 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $2.3bn including a $2bn impairment as a result of regulatory obstacles in California that have prevented production and distribution assets from coming back online. Impairments […]

Aramco’s Shift to Abandon 13 MMb/d Capacity Target

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(WoodMac, 1.Feb.2024) — Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in […]

Ecopetrol Submits Report “CĂłdigo PaĂ­s” for FY2023 [PDF Download]

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(Ecopetrol, 30.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), submitted the Report on the Implementation of Best Corporate Practices – “CĂłdigo PaĂ­s” – to the Financial Superintendency of Colombia. The report describes the corporate governance practices adopted and implemented by the company between 1 Jan. 2023 and 31 Dec. 2023. The CĂłdigo […]

Cheniere Announces Uplisting to the NYSE

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(Cheniere, 31.Jan.2024) — Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, L.P. (NYSE American: CQP) announced that each company has been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. “Cheniere has been listed on the NYSE American or its predecessors for over […]

EAI’s NRGBriefs: January 2024

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(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy on Venezuela; QatarEnergy confirming that Qatar’s LNG production continues uninterrupted; Evercore ISI continuing on Biden’s moves to pause on LNG export terminal approvals; an S&P […]

Pemex’ ESG Outlook [PDF Download]

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(Pemex, 31.Jan.2024) — Pemex‘ sustainability plan will focus on the most material components related to the oil and gas industry.  And, the three main areas of focus include: emissions reduction and energy transition strategy, industrial safety and health and social and governance. ____________________

Core Laboratories Reports 4Q:23 Results

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(Core Laboratories, 31.Jan.2024) — Core Laboratories Inc. (NYSE: “CLB”) reported fourth quarter 2023 revenue of $128,200,000. Core’s operating income was $14,600,000, with diluted earnings per share (“EPS”) of $0.14, all in accordance with U.S. generally accepted accounting principles (GAAP).  Operating income, ex-items, a non-GAAP financial measure, was $15,000,000, yielding operating […]

Nebula Energy Buys Majority Stake in AG&P LNG

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(AG&P Global, 30.Jan.2024) — AG&P LNG (AG&P Terminals & Logistics Pte Ltd), a subsidiary of AG&P Group, announced that Nebula Energy LLC, a fully integrated investment, development, and asset management company with a focus on liquefied natural gas (LNG) and carbon capture and storage (CCS) sectors, has bought majority stake […]