HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — Rio de Janiero-based Petrobras will pay on 20 Mar. 2025 the second installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024, based on the shareholder position of 23 Dec. 2024. This second installment will be paid in […]
Category: Latin America and the Caribbean
Frontera and CGX Notified Their Corentyne Block Agreement and License Are ‘At an End’
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — The government of Guyana announced it is of the view that the Petroleum Agreement and Prospecting Licence for the Corentyne block offshore Guyana held by joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation are “at an end.” The […]
![Petrobras Paid Over R$1.1bn in Gov. Take in Past 5 Years [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/petrobras2.jpg)
Petrobras Paid Over R$1.1bn in Gov. Take in Past 5 Years [PDF Download]
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 12.Mar.2025) — In the past 5 years, Petrobras said it has paid over R$1.1tn in taxes and Government Take (Gov. Take) in Brazil, an amount that was distributed among the federal government, states, the federal district and municipalities. Petrobras released its Tax […]
NRGBriefs Mar. 2025: New Gold Senior Notes, Canadian Solar BESS, Vale Tender Results
HOUSTON, TEXAS (Energy Analytics Institute, 12.Mar.2025) — Energy briefs as well as others related to finance and projects during Mar. 2025 including Vale Overseas Limited announced the early tender results; GoldMining Inc. disposing of 7,000 common shares of NevGold Corp.; New Gold Inc. pricing of its previously announced offering of […]
CERAWeek: Argentina to Export 1 MMb/d by 2030, Daniel González Says
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Mar.2025) — Argentina could be exporting 1 million barrels per day ( MMb/d) in 5 years, Argentina’s Minister of Economy Daniel González said during CERAWeek by S&P Global in Houston, Texas. This is in great part due to the prolific Vaca Muerta […]
CERAWeek: Petrobras Eyes Subsea-to-Shore for Gas Offshore Colombia, Sylvia Anjos Says
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Mar.2025) — Petrobras plans to commercialize its natural gas discoveries offshore Colombia using subsea-to-shore installations, which will not require use of a platform, Petrobras executive officer for exploration and production Sylvia Anjos said on 11 Mar. 2025 at CERAWeek by S&P Global. […]
CERAWeek Day 2 NRGBriefs from Harbour and Petrobras to Woodside to PMI Internacional
HOUSTON, TEXAS (Energy Analytics Institute, 11.Mar.2025) — Energy briefs and highlights from Day 2 of CERAWeek by S&P Global 2025 in Houston, Texas. — Woodside Energy CEO and managing director: “We have the conviction that LNG is going to be an energy commodity that’s going to play an increasingly important […]
Argentine Fracking Boom in Vaca Muerta: Record-Breaking Activity Continues
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 11.Mar.2025) — The American shale revolution, this time in Argentina, is picking up and kicking into high gear, with record-breaking fracking stages in Vaca Muerta over the past months. Industry data shows over 2,000 monthly frac stages, a milestone that solidifies Argentina’s […]
CERAWeek: New Report Finds Urgent Need to Expand Energy Supply
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Mar.2025) — According to a report released by S&P Global Commodity Insights, electricity demand in the US is projected to surge by an unprecedented amount over the coming decade. This rapid growth, driven by a diverse set of factors, signals an extraordinary opportunity […]
Rystad Forecasts 300,000 b/d Drop in Venezuelan Oil Production with Chevron Exit
PANAMA CITY, PANAMA (Editors at Energy Analytics Institute, 10.Mar.2025) — The 27 Feb. 2025 decision by the US to end Chevron Corporation‘s license in Venezuela could result in loss of around 300,000 barrels per day (b/d) by year-end 2025, according to Rystad Energy. That’s about 30% of Venezuela’s production of […]
Petrobras and Ecopetrol Encounter Good Productivity at DST Offshore Colombia
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Mar.2025) — Rio de Janeiro-based Petrobras said the Drill Stem Test (DST) in the Sirius-2 well, located in deep waters offshore Colombia, 31kms off the coast and at a water depth of 804m and assessed to 100m reservoir interval, demonstrated good productivity. […]
COMMENTARY: Argentina Sets Course to Become a Key Hydrocarbon Exporter
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 9.Mar.2025) — Argentina’s energy sector is poised to become a major driver of economic growth in the coming years. The South American country is expected to see a strong rise in crude oil and natural gas exports while progressively reducing its reliance […]
Petrobras to Pay $283mn to EIG Energy to Settle Sete Brasil Lawsuit
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.Mar.2025) — Petrobras‘ Board of Directors approved the settlement agreement to resolve the lawsuit with EIG Energy Fund XIV, LP and others. Under the terms of the agreement, Petrobras will pay $283mn, while EIG will request the dismissal of the lawsuit and release […]
LatAmNRG Heard: US Pressures IOCs in Venezuela, Mexico Pacific Ltd. and Ebrard’s FDI Expectations
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 7.Mar.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 7 Mar. 2025. —Argentina: The divestment of assets by IOCs in Argentina, such as those announced by Norway’s Equinor and the US’ ExxonMobil Corporation, points to […]
Sempra’s Tania Ortiz Confirms Ongoing Investments of $3.55bn in Baja California, Mexico
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 7.Mar.2025) — Sempra Infrastructure president Tania Ortiz Mena confirmed ongoing investments in Mexico of $3.550bn from 2 projects in Baja California, Mexico. During the construction phases, the 2 projects have generated 18,750 direct and indirect employment opportunities, Ortiz said 7 Mar. 2025 […]
Petrobras Ends Process to Divest of Assets in Petrobras Colombia Combustibles (PECOCO)
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.Mar.2025) — The executive board Rio de Janeiro-based Petrobras approved the termination of the divestment project related to 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO). Petrobras, through PECOCO […]
Argentina’s YPF at a Glance: Vaca Muerta Anchors Record Production and Exports in 2024
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 7.Mar.2025) — In 2024, Argentina’s state-owned oil and gas company YPF strengthened its leadership in the Vaca Muerta shale play, achieving significant growth in production, exports, and unconventional oil reserves. The Buenos Aires-based company closed 2024 with impressive results. In 2024, YPF boasted […]
Trump-Sheinbaum Call Positive for Mexico, Sheinbaum Says
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 6.Mar.2025) — Mexico’s president Claudia Sheinbaum Pardo said her country was treated with great respect during her call with US president Donald Trump. The end result: Mexico will not be required to pay tariffs on products that fall within the United States Mexico […]
Citgo Reports Total 4Q:24 Throughput of 887,000 b/d at its 3 Refineries
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 6.Mar2025) — Houston-based Citgo Petroleum Corporation — which owns and operates 3 large-scale, highly complex petroleum refineries with a total rated crude oil refining capacity of 807,000 barrels per day (b/d), located in Lake Charles, La., Corpus Christi, Texas and Lemont, Ill — […]
Guyana Turns to Court in Essequibo Region Dispute with Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Guyana has requested the International Court of Justice (ICJ) indicate provisional measures in the case concerning the Arbitral Award of 3 Oct. 1899, also known as Guyana v. Venezuela. On 6 Mar. 2025, Guyana filed a request in the ICJ […]
G Mining Starts Early Construction Works in Guyana at Oko West Gold Project
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 6.Mar.2025) — G Mining Ventures Corp. commenced site preparation activities at its Oko West gold project in Guyana, marking a major step forward in the project’s development. With the Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA) already in hand, […]
COMMENTARY: GeoPark Expands Footprint in Vaca Muerta with Key Acquisition
RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 6.Mar.2025) — GeoPark Limited made a strategic move into Argentina’s Vaca Muerta shale play, reinforcing its commitment to unconventional resource development. GeoPark’s financial report for 2024 highlights the acquisition of 4 hydrocarbon blocks in the region, signaling a significant step in its growth […]
![Touchstone’s YE:24 1P Reserves Fall 14% Compared to YE:23 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/02/trinidad-cascadura-1-source-touchstone.jpg)
Touchstone’s YE:24 1P Reserves Fall 14% Compared to YE:23 [PDF Download]
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Touchstone Exploration Inc. said its gross 1P reserves reached 29,070 thousand barrels of oil equivalent (Mboe) in 2024, down 14% compared to 2023, while its gross 2P reserves reached 50,063 Mboe in 2024, down 26% compared to 2023. Touchstone said […]
Brava Energia BODs Ponders Divestment of Assets in Bahia State
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 6.Mar.2025) — Brava Energia‘s Board of Directors has defined the scope of the possible divestment of the company’s onshore and shallow water assets, which will be limited to fields located in the state of Bahia. Brava remains in negotiations and in the […]
WoodMac Donates Solar Power System to Puerto Rican Domestic Violence Shelter
LONDON/HOUSTON/SINGAPORE (Wood Mackenzie, 6.Mar.2025) — To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels and 2 batteries of storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 10.8 […]
COMMENTARY: Time for the US, OPEC, Europe China, Asia and Russia to Negotiate
CARACAS, VENEZUELA (Carlos A. Rossi, Energy Analytics Institute, 5.Mar.2025) — A crucial point behind Europe’s motivation to support Ukraine’s president Volodymyr Zelenski is simply to not be left behind and ignored in any oil derivative deal certain to come out of any peace negotiation between the US and Russia. Europe understands […]
Aris Mining Updates on Colombian Ministry Resolution in the Santurbán Region
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Mar.2025) — The Colombian Ministry of Environment completed the public consultation process initiated in Nov. 2024 in respect to the resolution establishing a Temporary Reserve Area (TRA) in the Santurbán region of the Santander Department, where Aris Mining Corporation‘s Soto Norte project […]
Ecopetrol Appoints Robledo as New BOD after Palma Resignation
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 5.Mar.2025) — Ecopetrol S.A. announced the resignation of Dr. Edwin Palma Egea, which was submitted today to the Board of Directors and effective as of 6 Mar. 2025. As a result, the Board of Directors appointed Ms. Angela María Robledo Gómez to replace […]
Mexico’s Sheinbaum Popularity May Insulate her from Tariff Devastation
MEXICO CITY, MEXICO (Reuters, 5.Mar.2025) — President Donald Trump’s across-the-board tariffs on goods from Mexico have not only left President Claudia Sheinbaum politically unscathed from likely economic damage but may strengthen her hand as Mexicans rally against perceived unfair treatment. Mexico’s economy is undoubtedly vulnerable to a trade war. Trump’s […]
South America to Add 160 GW of Solar PV Capacity by 2034
LONDON/HOUSTON/SINGAPORE (WoodMac, 5.Mar.2025) — Wood Mackenzie‘s latest report on the South American solar PV market reveals that the region will add 160 GWdc of solar capacity between 2025 and 2034, driven by diversification efforts, growing power demand, and favourable system economics. The report “South America Solar PV Market Outlook 2025” […]
US Allies and Foes Braced for More Uncertainty Under Trump 2.0
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 5.Mar.2025) — US tariffs and sanctions have come to the forefront of oil markets and the global economy and oil demand could be impacted by imposition of tariffs and wider uncertainty, according to the Oxford Institute for Energy Studies (OIES) director Bassam […]
Desalination LatAm Recognition Ceremony 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — The Desalination Latam Recognition Ceremony 2025 will celebrate the most outstanding contributions in desalination, sustainability, and innovation across Latin America. Held as part of the 7th International Conference and Exhibition Desalination Latin America 2025, this prestigious event will bring together industry […]
FET Supplies ROV for US River Bed and Offshore Wind Surveys
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — Forum Energy Technologies’ (FET) Subsea Product Line signed a contract for the sale of an electric Sub Atlantic Super Mohawk II remotely operated vehicle (ROV) and Dynacon Launch and Recovery (LARS) system to a North American subsea organization. The ROV will […]
Mexico’s Sheinbaum Set to Respond to Donald Trump’s Plan to Impose 25% Tariffs
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 4.Mar.2025) — Mexico’s president Claudia Sheinbaum Pardo plans to announce tariff and non-tariff actions Mexico will carry out in response to the unilateral decision of US president Donald Trump to impose 25% tariffs on Mexican exports, despite the existence of a trade agreement […]
Ecopetrol Reports Production of 746,000 boe/d in 2024
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — Colombia’s state-owned Ecopetrol reported average crude oil and natural gas production of 746,000 barrels of oil equivalent per day (boe/d) in 2024, up 1.2% compared to 737,000 boe/d in 2023. In the midstream space, Ecopetrol surpassed its target with transported […]
Ecopetrol’s 2024 Earnings Distribution Proposal
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Ecopetrol announced its proposal for the distribution of 2024 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the general shareholders’ Meeting to be held on 28 Mar. 2025. The […]
Venezuela Activates Independence Plan After Sanctions Against Chevron
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — Venezuela’s President Nicolás Maduro ordered activation of the “Absolute Productive Independence Plan” aimed to assist the country maintain its hydrocarbon sector and underlining economic growth. This, after the US Office of Foreign Assets Control (OFAC) issued General License 41 (GL41A) […]
![OFAC Releases GL41A Stipulating Chevron Wind Down in Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/Screenshot_2020-04-25-Chevron-barred-from-drilling-transporting-oil-in-Venezuela-U-S-official.png){kind=icon}
OFAC Releases GL41A Stipulating Chevron Wind Down in Venezuela [PDF Download]
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — The Office of Foreign Assets Control (OFAC) issued General License No. 41A on 4 Mar. 2025, authorizing the wind down of certain transactions related to Chevron Corporation‘s joint ventures (JVs) in Venezuela. Chevron has until 3 Apr. 2025 to wind […]
Reset Energy Awarded 250 MMscf/d Nitrogen Rejection Unit for Permian Basin
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Reset Energy has been awarded the design and fabrication of a 250 million standard cubic feet per day (MMscf/d) Nitrogen Rejection Unit (NRU) in the Permian Basin. This large-scale project will provide industry-leading nitrogen rejection capabilities while supporting the operator’s goals […]
Statement by USCM on Negative Impacts of Impending US Tariffs on Canada and Mexico
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Mar.2025) — The executive committee of the US Conference of Mayors’ (USCM), a nonpartisan organization of cities with populations of 30,000 or more, passed an emergency resolution on 3 Mar. 2025 urging the Trump administration to protect and promote trade relations with Canada and […]
EnerMech Inks Pre-commissioning Deal for ONE GUYANA FPSO by SBM Offshore
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Mar.2025) — EnerMech, which specializes in integrated solutions for complex projects around the world, has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore‘s subsidiary in Guyana. The FPSO or floating production storage […]
Chevron JVs in Venezuela Producing Around 242,000 b/d or 27% of Venezuela’s Production
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Mar.2025) — 4 Venezuelan joint ventures (JVs) of US-based Chevron Corporation were producing an average 242,000 barrels per day (b/d) in late-Feb. 2025, according to state-owned Petróleos de Venezuela (PDVSA) documents seen by Energy Analytics Institute (EAI). Such production represents 27% of […]
US Treasury Preparing to Take Action Regarding Chevron Venezuela General License 41
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Mar.2025) — The US Treasury Department is preparing to take action to wind-down General License 41 (GL41) and other specific licenses as appropriate as they relate to sanctions on oil and gas companies operating in Venezuela. “We will issue additional guidance to assist […]
Mexico’s Sheinbaum Inaugurates Salamanca Combined Cycle Central in Guanajuato
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 1.Mar.2025) — Mexico’s president Claudia Sheinbaum Pardo inaugurated the Salamanca Combined Cycle Central of the Federal Electricity Commission (CFE) in Guanajuato. The plant will contribute 927 megawatts (MW) to the National Electricity System and benefit an estimated 5 million people in the […]
Protected: Ecuador Inks 2 Tenders to Export 4,680,000 bbls in Mar. 2025
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Guyana Denounces Venezuelan Incursion in Offshore Field Operated by ExxonMobil
GEORGETOWN, GUYANA (AP, 1.Mar.2025) — Guyana’s President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil deposit being developed by ExxonMobil. In a televised address, Ali said Guyana was hurriedly notifying all of its international allies, including the […]
NRGBriefs Feb. 2025: Pemex Deer Park, Oxy on CrownRock, Sunoco on Mexican Drug Cartels
HOUSTON, TEXAS (Energy Analytics Institute, 28.Feb.2025) — Energy briefs as well as others related to finance and projects during Feb. 2025 including Petrobras on record gas discoveries in Colombia; Talos Energy‘s appointing Paul Goodfellow as president and CEO; Pemex looking to reach a production level of 285,000 b/d at Deer […]
Paratus Energy Services Eyes Launch of an Offer to Buy Back Own Shares
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Paratus Energy Services Ltd. launched an offer to buy back its own shares for an amount in NOK equivalent to $20mn. Parts has engaged ABG Sundal Collier ASA to assist with the offer, the Bermuda-based company announced 28 Feb. 2025 in […]
Moody’s Maintains Ecopetrol’s Global Credit Rating at Ba1 with a Stable Outlook
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Moody’s reported the results of its periodic review of Ecopetrol S.A. on 24 Feb. 2025 of the company’s rating, maintaining its global credit rating at Ba1 with a stable outlook. Similarly, the individual rating remains at b1, Ecopetrol announced 27 […]
Ecuador Advances electrical infrastructure Projects in El Pangui
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Ecuador’s national government is backing several projects to improve electrical infrastructure in the province of Zamora Chinchipe, which will benefit 5,340+ inhabitants of El Pangui. Work on a 3-phase medium voltage line, developed in the sectors 20 de Agosto and […]
Eco Atlantic Prepares for Guyana Well, Other Work in Namibia and S. Africa
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — Eco Atlantic is preparing to drill an exploration well offshore Guyana in the Orinduik Block in 2025-2026. Eco operates the block with a 100% working interest and is actively engaged in farmout process to drill a well with potential partners into […]
Petrobras Informs About Shareholder Remuneration
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — The Board of Directors of Petrobras authorized the submission to the Annual General Meeting (AGM), scheduled for 16 Apr. 2025, of the proposal for the distribution of dividends equivalent to R$9.1bn. If approved by the AGM, considering the amounts advanced by […]
Bristow Highlights Headwinds Amid Opportunities in Nigeria, Brazil and Suriname
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment market, and inflationary […]
Venezuela’s Delcy Rodríguez Comments on US Sanctions on Chevron Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — Venezuela’s Executive Vice President and Energy Minister Delcy Rodríguez said the idea of renewed sanctions on Chevron Corporation and its 4 joint venture (JV) subsidiaries in Venezuela was a bad decision. “Today, February 26, the government of the United States […]
Petrobras Eyes 2.5 MMb/d Production Milestone by 2027, CEO Chambriard Says
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 26.Feb.2025) — Petrobras looks to boosts its oil production by 100,000 barrels per day (b/d) as it eyes reaching the milestone of 2.5 million b/d (MMb/d) by 2027. The Rio de Janeiro-based company also looks to boost gas supply to 50 million […]
Sempra Eyes Start-up at ECA LNG Phase 1 in Mexico in Spring 2026, Vista Still in Development
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2025) — Located in Baja California, Energía Costa Azul (ECA) LNG Phase 1 continues to target the start-up of commercial operations in spring 2026, while construction at Port Arthur LNG (PALNG) Phase 1 remains on time and on budget, according to […]
Panama Chamber of Commerce Readies for 5 Events, Including the Int’l Electric Expo
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 25.Feb.2025) — The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) expects to receive 15,000+ visitors at its 5 specialized fairs between 25-27 Mar. 2025 at the Panama Convention Center. The fairs groups EXPOCOMER, EXPO LOGÍSTICA PANAMA, EXPO TURISMO INTERNACIONAL, EXPO […]
Bladex and BTG Pactual Lead New Credit Facility for GeoPark Colombia SAS
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 25.Feb.2025) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and Banco BTG Pactual S.A. – Cayman Branch closed a syndicated committed credit facility for GeoPark Colombia SAS, a subsidiary of Canada-based GeoPark Limited. At year-end 2024, Bladex and BTG Pactual led the […]
Woodside’s Record Output of 530,000 boe/d in 2024 Aided by Sangomar
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — Australia’s Woodside Energy reported record production of 193.9 million barrels of oil equivalent (MMboe), or 530 Mboe/day, for the full year 2024. The result was underpinned by outstanding early production performance at Sangomar offshore Senegal and world-class reliability at operated LNG […]
Quantum Capital’s 30 MTPA Mexico Pacific Project Falls Apart as Originally Envisioned
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 24.Feb.2025) — Quantum Capital Group‘s short-lived love affair with Mexico, or more specifically Mexico Pacific Ltd., has apparently ended. This, without even reaching a final investment decision (FID) for the anchor phase of the proposed 30 million tonnes per annum (MTPA) […]
Treasury’s Bessent Makes Introductory Call with Argentine Finance Minister Luis Caputo
NEW ORLEANS, LOUISIANA (Pietro D. Pitts, Energy Analytics Institute, 23.Feb.2025) — US Treasury secretary Scott Bessent conducted an introductory phone call with Argentine finance minister Luis Caputo. The officials discussed “[Javier] Milei administration’s very impressive reform efforts to reduce inflation, rekindle private sector-led growth, reduce poverty, and increase real wages,” […]
LatAmNRG Heard: Halliburton Argentina Firings, Equinor’ Vaca Muerta Assets
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 21 Feb. 2025. —Argentina: Halliburton said to have fired 300+ workers in Comodoro in Argentina, according to union officials in the South American country. —Argentina: Equinor […]
Ecopetrol to Guarantee Adequate Representation at 28 Mar. 2025 Shareholder Meeting
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 21.Feb.2025) — The Board of Directors of Ecopetrol SA approved implementation of measures aimed at guaranteeing the adequate representation of shareholders at the ordinary general shareholder’s meeting to be held on 28 Mar. 2025. The measures comply with the provisions of Part […]
Goldman Sachs Notifies Brava Energia of Change in Equity Interest
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — Goldman Sachs & Co. LLC notified Brava Energy SA about a change in its position denominated in the company’s common shares. On 20 Feb. 2025, Goldman Sachs said in aggregate it had a stake, through cash settled derivatives, equivalent to 22,845,939 […]
Ecopetrol Reports 104% Reserves Replacement in 2024, Average Reserve Life of 7.6 Years
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Bogotá-based Ecopetrol SA boosted its net proven crude oil, natural gas and condensates reserves (1P reserves) to 1,893 million barrels of oil equivalent (MMboe) at year end 2024, up 10 MMboe compared to 2023. The company’s reserve replacement ratio was […]
Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]
PDVSA Returns to Buying Light Oil: Reuters Says
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Petróleos de Venezuela S.A. (PDVSA) has reportedly resumed its purchases of light crude oil abroad, according to a Reuters report. This, as the state-owned company’s production of light and medium grade crude oils declines, the news agency reported on 20 […]
Sheinbaum Comments on Mexico’s Just Energy Plan for Durango
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 20.Feb.2025) — Under Plan Mexico, president Claudia Sheinbaum Pardo said her government was pursuing a fair energy policy to benefit the country’s citizens, including those in Durango. “There are communities that do not have access to electricity in Durango and as part […]
Equinor Engages Bank of America to Divest Vaca Muerta Participation
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Equinor has reportedly engaged Bank of America to assist the Nordic company with the divestment of its participation in the Bandurria Sur and Bajo del Toro Norte areas in Argentina. The 2 blocks are located in the prolific Vaca Muerta […]
Petrobras Inks Deals with Banco do Brasil Including R$6.5bn Export Credit Notes
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras signed 3 agreements with Banco do Brasil including export notes, a revolving credit facility and a Letter of Intent (LOI). Petrobras contracted 2 Export Credit Notes (ECN) with sustainability commitments, 1 valued at R$3.5bn and the other at R$3bn, […]
Petrobras Announces Resignation of Marcelo Gasparino da Silva from BODs
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras received the resignation letter of Marcelo Gasparino da Silva who announced his intention to step down from his position as a member of the Board of Directors. His resignation is effective as of 20 Mar. 2025, or until a […]
Petrobras Inks LNG PSA with UK-based Centrica for 0.8 MTPA Starting in 2027
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Petrobras signed a long-term liquefied natural gas (LNG) purchase and sale agreement (PSA) with the British company Centrica to acquire 0.8 million tons per year (MTPA) of LNG over 15 years starting in 2027. LNG supply will be made from […]
Petrobras to Make First Installment Remuneration to Shareholders
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 20.Feb.2025) — Rio de Janeiro-based Petrobras will make payment of the first installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024. The gross amount to be distributed corresponds to R$0.67545217 per common and preferred share, paid totally in the […]
Repsol Selects IBS Software for Logistics Operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025) — Spain’s Repsol selected IBS Software to transform its primary logistics operations across multiple locations. The partnership will see Repsol adopt IBS Software’s iLogistics Control Tower solution streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making […]
Ecopetrol to Host 4Q:24 Webcast on 5 Mar. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — Ecopetrol S.A. plans to release its financial and operating results for the fourth-quarter 2024 and full year of 2024 after market close on 4 Mar. 2025. On 5 Mar. 2025, Ecopetrol’s senior management will host a single virtual conference call to […]