(Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, 8.Jan.2024) — The Ministerial Roundtable, a pivotal precursor to the third edition of the Future Minerals Forum, is poised to take the spotlight on 9 Jan. 2024. Led by its Chair, H.E. Bandar Ibrahim AlKhorayef, Minister of Industry and Mineral […]
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.
India to Sign Energy MoU with Guyana
(Reuters, 5.Jan.2024) — India approved signing a 5-year memorandum of understanding (MoU) with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources. The proposed agreement will cover areas such as sourcing of crude oil from the South American nation, participation […]
Ecopetrol Commences Tender for 4.125% Notes due 2025
(Ecopetrol, 5.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the commencement of a cash tender offer (the “Offer”), to purchase any and all of its outstanding 4.125% Notes due 2025 (the “Securities”), upon the terms and subject to the conditions set forth in Ecopetrol’s Offer to Purchase, dated January 9, 2024 (as the same may […]
enCore Energy Provides 4Q:23 ATM Quarterly Sales Update
(enCore Energy, 5.Jan.2024) — enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), as required by the TSXV, issued a total of 7,579,563  common shares, between the period 1 Oct. 2023 and 31 Dec. 2023, under the at-the-market (ATM) controlled equity offering program. The shares were issued through the facilities of TSXV and the […]
Forum Energy Completes Acquisition of Variperm
(Forum Energy, 5.Jan.2024) — Forum Energy Technologies, Inc. (NYSE: FET) completed the acquisition of Variperm Energy Services, a manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications. Total consideration for the acquisition consisted of $150mn of cash and 2mn shares of FET’s common […]
Enterprise Prices $2bn Principal Amount of Senior Notes
(Enterprise Products Partners, 5.Jan.2024) — Enterprise Products Partners L.P. (NYSE:EPD) announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has priced a public offering of $2bn aggregate principal amount of notes comprised of (i) $1bn principal amount of senior notes due 11 Jan. 2027 (“Senior Notes HHH”), and (ii) […]
JinkoSolar Promotes Technology Through TOPCon Patent Transaction
(JinkoSolar, 5.Jan.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its affiliated company has recently granted rights to certain of its N-type TOPCon (Tunnel Oxide Passivated Contact)-related patents to one of the top ten solar module companies in the world (“Licensee”) with reasonable license fee arrangement, allowing Licensee to use certain […]
Norfolk Southern Aims for Low-carbon Future
(Norfolk Southern, 4.Jan.2024) — Norfolk Southern Corporation (NYSE: NSC) released its inaugural Climate Transition Plan (CTP). The CTP is aimed at reducing greenhouse gas (GHG) emissions with a focus on transitioning to a low-carbon economy. Commitment to environmental stewardship and sustainability is rooted in Norfolk Southern’s values and its deep understanding of climate […]
NMPRC Issues Decision in PNM Rate Review
(PNM, 4.Jan.2024) — The New Mexico Public Regulation Commission (NMPRC) issued an order in the application for a 2024 change in customer base rates by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM). The order modified the recommended decision in the case and equates to an estimated […]
Trio Petroleum Restarts the McCool Ranch Oil Field
(Trio Petroleum, 4.Jan.2024) — Trio Petroleum Corp (NYSE American: TPET), a California-based oil and gas company, provided an update on the restart of the McCool Ranch Oil Field. On 18 Oct. 2023, the company announced its acquisition of an approximate 22% working interest in McCool Ranch, which is located in […]
Avenir Secures Extensions for Avenir Advantage and Accolade
(Avenir LNG, 4.Jan.2024) — Avenir LNG Limited has executed two Time Charter Agreements for the Avenir Advantage and the Avenir Accolade. Avenir’s affiliate Future Horizon (L) Pte Ltd (a joint venture between Avenir and MISC) has signed a new two-year time charter agreement with PETCO Trading Labuan Company Ltd (PTLCL), […]
Ormat Completes Acquisition of Geothermal, Solar Assets
(Ormat Technologies, 4.Jan.2024) — Ormat Technologies, Inc. (NYSE: ORA), a renewable energy company, announces that it has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA (ENEL.MI, LLC). Under the agreement, Ormat paid $271mn […]
Energy Domain Looks to Future with Energent Acquisition
(Energy Domain, 4.Jan.2024) — Energy Domain, the tech-enabled online marketplace based in Fort Worth, Texas, has successfully acquired market intelligence technology product Energent from U.K.-based Westwood Global Energy Group. Founded by Ryan Vinson and the 5Ms Technologies team that created MineralWare and Energy Freelance, Energy Domain has parlayed dedication to […]
Alaska Airlines Receives First Long-range Boeing 737-8
(Alaska Airlines, 4.Jan.2024) — Alaska Airlines continues to grow as we welcome delivery of the first Boeing 737-8 to our aircraft lineup – the next component of our strategic, long-term fleet plan that builds on our strengths and provides a road map for ongoing future success. We proudly fly the […]
New Climate Smart Map on the Way
(Trinidad and Tobago Newsday, 4.Jan.2024) — Price Waterhouse Coopers (PwC) has partnered with the Caribbean Climate-Smart Accelerator (CCSA) to launch a climate smart map at COP28 in Dubai, aimed at bolstering climate resilience across the region. The interactive platform consolidates climate action data from over 26 countries, providing a tool […]
Arcadium Completes Merger between Allkem and Livent
(Arcadium Lithium, 4.Jan.2023) — Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) announced the completion of the all-stock merger of equals between Allkem and Livent. The new, combined company is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people’s lives and accelerate the […]
Talos Starts Production at Lime Rock and Venice GOM Discoveries
(Talos, 3.Jan.2024) — Talos Energy Inc. (NYSE: TALO) has successfully started oil and natural gas production at Talos’s Lime Rock and Venice discoveries, located near its 100% owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60% working interest in both wells. The Lime Rock and Venice wells were brought […]
ONGC Videsh to Get Some Oil from Venezuela
(Reuters, 3.Jan.2023) — Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India’s oil secretary said on Wednesday. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since 2019 on the OPEC country’s energy sector, according to data and documents viewed by Reuters. The increase shows the impact of sanctions relaxation on the […]
PNM Announces Termination of Merger Agreement
(PNM Resources, 2.Jan.2024) — PNM Resources (NYSE: PNM) announces the termination of its merger agreement with Avangrid. While the PNM Resources Board of Directors approved an extension, it was not accepted by Avangrid and Avangrid terminated the merger. “We are greatly disappointed with Avangrid’s decision to terminate the merger agreement and […]
enCore Energy Starts Trading on Nasdaq Capital Market
(enCore Energy, 2.Jan.2024) — enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), a uranium producer in the United States, commences trading on the Nasdaq Capital Market. The company shares will continue to trade under the ticker symbol “EU” on Nasdaq and will continue to trade on the TSX Venture Stock Exchange (TSXV) under […]
Petrobras Puts Platform Vessel into Pre-salt Production
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero’s third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters […]
EAI’s NRGBriefs: Dec. 2023
(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]
Petrobras Inks Deal with UNIGEL
(Petrobras, 29.Dec.2023) — Petrobras, following up on the releases published on 6 Jun. 2023 and 23 Jun. 2023, signed a contract with Unigel Participações S.A. for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and […]
Petrobras on Natural Gas Flow, Processing
(Petrobras, 29.Dec.2023) — Petrobras, together with Equinor Energy do Brasil Ltda. signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the CabiĂşnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador […]
NextEra Completes sale of Texas Natural Gas Pipeline Portfolio
(NextEra Energy Partners, 28.Dec.2023) — NextEra Energy Partners, LP (NYSE: NEP) closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815bn. “The completion of this sale is an important step in NextEra’s transition plans,” said John Ketchum, chairman and chief executive officer. “With the Texas natural gas pipeline […]
Emeren Group Buys 86 MWp Solar Portfolio in Spain
(Emeren Group, 28.Dec.2023) — Emeren Group Ltd (NYSE: SOL), a global solar project developer, owner, and operator, today announced the successful purchase of an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, an industrial and service group that operates in energy, industry and installations within the renewable energy space. […]
Sangomar FPSO Sets Sail for Senegal
(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the LĂ©opold SĂ©dar Senghor Floating Production Storage and Offloading (FPSO) facility. The FPSO, named after Senegal’s first president, is travelling 12,000 nautical miles from Singapore to its final destination, […]
Petrobras on Exploratory Blocks in SĂŁo TomĂ© and PrĂncipe
(Petrobras, 27.Dec.2023) — Petrobras‘ Board of Directors has approved the company’s operations in SĂŁo TomĂ© and PrĂncipe, a country on the west coast of Africa, enabling the acquisition of stakes in 3 exploratory blocks, through a competitive process conducted by Shell. The transaction is part of the scope of the […]
Petrobras on Remuneration Payment to ShareholdersÂ
(Petrobras, 27.Dec.2023) — Petrobras, following up on the Material Facts of 1 Mar. 2023, 27 Apr. 2023 and 22 Dec. 2023, will pay today the third installment of the remaining remuneration to shareholders for 2022. The gross amount to be distributed is R$ 0,56252157 per common and preferred share in […]
Argentina’s Milei to Prohibit Rehiring Public Workers
(Energy Analytics Institute, 26.Dec.2023) — Argentina’s president Javier Milei published a decree that prohibits the renewal of jobs of public workers hired in 2023. The decision is part of adjustments by Milei intended to reduce state spending, Venezuela’s daily El Universal reported 26 Dec. 2023 citing data from Argentina’s La […]
Petrobras on Obligation Breach at CarmĂłpolis Cluster
(Petrobras, 26.Dec.2023) — Petrobras, following up on the material fact disclosed on 20 Dec. 2022, informs of the non-compliance with the contractual payment obligation of Carmo Energy and its parent company COBRA INSTALACIONES Y SERVICIOS, S.A., as guarantor, related to the sale of all of its stakes in the set […]
![Petrobras Approves Social Responsibility Policy [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/2019-06-13T121153Z_1843444331_RC1C8E60F850_RTRMADP_2_PETROBRAS-CORRUPTION.jpg)
Petrobras Approves Social Responsibility Policy [PDF Download]
(Petrobras, 26.Dec.2023) — Petrobras‘ Board of Directors approved a new Social Responsibility Policy, in line with best practices, after an extensive listening process with the participation of the company’s various stakeholders. The main changes include: Total attention to people, respect, promotion and due diligence in human rights, effective management of […]
XCMG Commissions World’s First New Energy Loader Production Line
(XCMG, 26.Dec.2023) — XCMG Machinery (SHE: 000425, “XCMG”) has officially inaugurated the XCMG Loading Equipment Research Institute and commissioned the world’s first new energy loader production line in Xuzhou, China. “The Institute will play a vital role in the transformation and upgrade of the industry centered on green, intelligent, high-end, […]
AEP to Divest New Mexico Solar Assets
(American Electric Power, 26.Dec.2023) — American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. AEP and PNM Resources, which also owns 50% of NMRD, plan to sell the portfolio of 15 solar […]
Petrobras Starts Equatorial Margin Drilling
(Petrobras, 23.Dec.2023) — Petrobras has started drilling the Pitu Oeste (RN) well today, which marks the resumption of the company’s search for oil and gas in the Equatorial Margin, a region that stretches along the Brazilian coast from the state of Rio Grande do Norte to Amapá. The drilling of […]
NMPRC Approves PNM Distribution Battery Storage Projects
(NMPRC, 26.Dec.2023) — The New Mexico Public Regulation Commission (NMPRC) approved the application from Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources (NYSE: PNM), to install 12 megawatts of utility owned distribution-level battery storage to expand the capacity of overloaded feeders at two locations. This innovative solution supports reliability […]
Ellipsis US Acquires Additional Onshore Assets
(Ellipsis, 22.Dec.2023) — Ellipsis U.S. Onshore Holdings LLC, a portfolio company of Westlawn Group LLC, announced the acquisition of additional assets located in multiple onshore U.S. basins. Ellipsis acquired non-operated oil and gas assets with current production of more than 6,000 boe/d (2-stream) and significant operational upside associated with approximately 550 […]
Petrobras to Analyze Mubadala Capital Proposal
(Petrobras, 22.Dec.2023) — Petrobras has received a communication from Mubadala Capital proposing the formalization of recent discussions on the formation of a potential strategic partnership for the development of downstream in Brazil, in continuity with the memorandum of understanding released on 4 Sep. 2023. The initiative has as its scope […]
Petrobras on Dividend Payments
(Petrobras, 22.Dec.2023) — Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay next week, on 12/27/2023, the third installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to the Material Fact […]
Petrobras Informs on Petros Plan Equalization
(Petrobras, 22.Dec.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Deficit Equalization Plan for 2022 (PED-2022) of the Non-Renegotiated Petrobras System Petros Plan (PPSP-NR) and its submission for consideration by the Secretariat for Coordination and Governance of State-Owned Enterprises (SEST). The PED-2022 provides […]
The Energy Chamber: Dragon Deal a Historic Achievement
(Trinidad and Tobago Energy Chamber, 22.Dec.2023) — The Ministry of Energy and Energy Industries has announced that the Bolivarian Republic of Venezuela has granted the license for the Dragon Gas Field to The National Gas Company of Trinidad and Tobago Limited and Shell to develop and produce gas for export […]
Trinidad Inks Gas Deal with Venezuela
(Trinidad and Tobago Ministry of Energy and Energy Industries, 22.Dec.2023) — Historic and unprecedented energy deals for Trinidad and Tobago that provide us with positive outlooks for our future, the Honorable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister […]
Petrobras Updates on Asset Divestments
(Petrobras, 21.Dec.2023) — Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A., contracts for the assignment of its entire stake in the Uruguá and TambaĂş fields, in deep waters in the post-salt, located in the Santos Basin. […]
Luca Mining Closes CAD$2mn Private Placement
(Luca Mining, 21.Dec.2023) — Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) closed the CAD $2mn non-brokered private placement (announced on 6 Dec. 2023. In total, the company sold an aggregate of 5,714,286 units of the company at a price of CAD$0.35 per Unit for gross proceeds of CAD$2mn. In addition to the base CAD$2mn funding, Luca […]
Ecopetrol Publishes Measures for Jan. 2024 Meeting
(Ecopetrol, 21.Dec.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that in order to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendency of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol approved the implementation of measures aimed at […]
Tice Family on Release of US Prisoners from Venezuela
(National Press Club, 21.Dec.2023) — Following is a statement via the National Press Club from the family of long-detained journalist Austin Tice, on the release of 10 imprisoned Americans in a prisoner swap with Venezuela. “The news of the release of the US hostages from Venezuela is uplifting and encouraging. No doubt a joyful […]
Harbour, Wintershall Dea Sign Business Combination Agreement
(Wintershall Dea, 21.Dec.2023) — BASF, LetterOne and Harbour Energy plc (21 Dec. 2023) signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding […]
![Harbour and Wintershall Dea Ink $11.2bn Deal [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/01/Wintershall-Dea-writes-off-Nord-Stream-2-financing-over-Russias-attack-on-Ukraine.jpg)
Harbour and Wintershall Dea Ink $11.2bn Deal [PDF Download]
(BASF, 21.Dec.2023) — BASF, LetterOne and Harbour Energy plc (21 Dec. 2023) signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as […]
![Tellurian to Pay Over $7mn to Departing Souki [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/09/driftwood_map.png)
Tellurian to Pay Over $7mn to Departing Souki [PDF Download]
(Energy Analytics Institute, 20.Dec.2023) — Tellurian Inc., which is developing the Driftwood LNG project in Louisiana, revealed details regarding compensation for Charif Souki. “As previously disclosed, on 8 Dec. 2023 (the “Termination Date”), pursuant to and in accordance with that certain employment agreement entered into as of 1 Oct. 2021 […]