(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of [more…]
Category: Latin America and the Caribbean
Duke Energy Responds to Carolinas Resource Decision
(Duke Energy, 2.Nov.2024) — Duke Energy issued the following statement in response to yesterday’s order by the North Carolina Utilities Commission (NCUC) on its Carolinas [more…]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 1.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa [more…]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as [more…]
ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)
(ExxonMobil, 1.Nov.2024) — Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn [more…]
Petrobras Responds to Rumors about Dividends, Strategic Plan
(Energy Analytics Institute, 1.Nov.2024) — Rio de Janeiro-based Petrobras, responding to news published in the Brazilian media about the payment of extraordinary dividends and about [more…]
Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)
(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – [more…]
Ecopetrol and Petrobras to Continue Exploration Offshore Colombia
(Energy Analytics Institute, 31.Oct.2024) — Colombia’s state-owned Ecopetrol S.A. said the Santa Marta Tribunal issued a favorable decision regarding an appeal against the claim (acción [more…]
TotalEnergies Reports 3Q:24 Results, Output of 2.41 MMboe/d (PDF Downloads)
(TotalEnergies, 31.Oct.2024) — TotalEnergies SE reported its third quarter 2024 (3Q:24) results, including upstream production of 2.41 MMboe/d. Production benefited from the ramp up of [more…]
Petrobras 3Q:24 Hydrocarbon Production in Two Charts
(Energy Analytics Institute, 31.Oct.2024) — Brazil’s state-owned Petrobras reported total hydrocarbon production of 2,689 Mboe/d in the third quarter 2024 (3Q:24), down 0.8% sequentially compared [more…]
EAI’s NRGBriefs: Oct. 2024
(Energy Analytics Institute, 31.Oct.2024) — Energy briefs as well as others related to finance and projects during Oct. 2024 including TotalEnergies and APA Corp. announcing [more…]
Mark the Date: 3rd Caracas Gas Forum 2024 Set for 7 Nov.
(Energy Analytics Institute, 30.Oct.2024) — Participate in the third edition of the Caracas Gas Forum 2024, which will focus on promoting decarbonization and security of [more…]
Exxon Mobil to Sell its Vaca Muerta Assets in Argentina to Pluspetrol
(Reuters, 30.Oct.2024) — U.S. energy giant Exxon Mobil agreed on the terms and conditions to sell its oil and gas assets in Argentina’s Vaca Muerta [more…]
Sheinbaum Looks to Reduce Costs at Pemex
(Energy Analytics Institute, 30.Oct.2024) — Mexico’s President Claudia Sheinbaum Pardo said the main plan for state-owned Pemex was to make the company more efficient internally. [more…]
Mero 3 FPSO Starts Production in Libra Pre-salt Offshore Brazil
(Energy Analytics Institute, 30.Oct.2024) — Brazil’s state-owned Petrobras announced that on 30 Oct. 2024 the Marechal Duque de Caxias platform ship (Mero 3) has started [more…]
Hess Says its Net Production in Guyana in the 3Q:24 Rose 57% YOY
(Energy Analytics Institute, 30.Oct.2024) — New York City-based Hess Corporation said its net production in the prolific Stabroek Block offshore Guyana was 170,000 b/d in [more…]
Petrobras Updates on Collective Action Judgement in the Netherlands
(Petrobras, 30.Oct.2024) — Petrobras, further to the Announcements to the Market of 29 Jan. 2020, 27 May 2021 and 26 Jul. 2023, hereby informs that [more…]
Hess Reports Higher 3Q:24 Adj. Net Income, Higher Bakken Output (PDF Download)
(Hess, 30.Oct.2024) — Hess Corporation reported net income of $498mn, or $1.62 per share, in the third quarter of 2024, compared with net income of [more…]
Pemex Reveals 3Q:24 Results, Maintains 1.8 MMb/d Output Goal (PDF Downloads)
(Pemex, 29.Oct.2024) — During the third-quarter 2024 (3Q:24) Petróleos Mexicanos (Pemex) maintained its commitment to provide timely support for operations, employing resources responsibly and efficiently. [more…]
Tecpetrol and Pampa Energía Move Forward with Plans for Bahía Blanca
(Energy Analytics Institute, 29.Oct.2024) — Vaca Muerta shale formation producers Tecpetrol and Pampa Energía are reportedly moving forward with plans to utilize the Bahía Blanca [more…]
Pemex’ 3Q:24 Production Averaged 1.76 MMb/d, Debt Falls to $97.3bn
(Energy Analytics Institute, 29.Oct.2024) — Mexico’s state-owned Pemex reported average liquids and condensate production of 1,764 Mb/d in the third-quarter 2024, of which 549 Mb/d [more…]
Ecopetrol Announces Full Redemption of its Notes due 2026
(Ecopetrol, 29.Oct.2024) — Ecopetrol S.A. will redeem the outstanding balance of its 5.375% notes maturing in Jun. 2026 (CUSIP: 279158 AL3 / ISIN: US279158AL39) (the [more…]
Constitutional Reform to Strengthen Pemex and CFE, Sheinbaum Says
(Energy Analytics Institute, 28.Oct.2024) — Mexico’s constitution reform is very important as it represents returning Pemex and the Federal Electricity Commission (CFE) to the Mexican [more…]
Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download)
(Petrobras, 28.Oct.2024) — In 3Q:24, Petrobras‘ total production of oil, NGL and natural gas reached 2,689 Mboed, in line with 2QÑ24. The highlights were the [more…]
Oil Cargo from Mexico en Route to Cuba Amid Power Crisis, Data Shows
(Reuters, 28.Oct.2024) — A tanker carrying about 400,000 barrels of oil departed from Mexico’s Pajaritos port and was on Monday en route to Cuba, where [more…]
Lower 48 LNG Exports to Reach 25.7 Bcf/d by Jan. 2030
(Energy Analytics Institute, 28.Oct.2024) — Assuming all the LNG export projects located in the Lower 48 that have taken a final investment decision (FID) and [more…]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Baker Hughes, 28.Oct.2024) — Baker Hughes announced significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt [more…]
CNOOC Reports Record High Net Production and Net Profit in 3Q:24
(CNOOC Limited, 28.Oct.2024) — CNOOC Limited and 80883 announces its operating results for the third quarter of 2024. In the first three quarters of 2024, [more…]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Energy Analytics Institute, 28.Oct.2024) — Baker Hughes signed significant contracts with Brazil’s state-owned Petrobras to provide 77 km of flexible pipe systems to be deployed [more…]
New Fortress Completes 3rd Loading Offshore Altamira
(Energy Analytics Institute, 25.Oct.2024) — New Fortress Energy Inc.’s (NFE) initial Fast LNG unit completed its third cargo loading on 25 Oct. 2024. The cargo [more…]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 25.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 25 Oct. 2024. —Argentina: Oil production reached [more…]
Argentina Oil & Gas Patagonia: 25 Oct. Photo Journal
(Energy Analytics Institute, 25.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are [more…]
ONEOK Awaiting Saguaro LNG 1 FID to Proceed with Pipeline
(Energy Analytics Institute, 25.Oct.2024) — ONEOK Inc., which is looking to construct the Saguaro Connector Pipeline in Texas, said a final investment decision (FDI) is [more…]
Borr Drilling Announces Certain Preliminary 3Q:24 Results, Mexican Impacts
(Borr Drilling, 25.Oct.2024) — Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 Sep. 2024. For the three months ended 30 [more…]
NASA Welcomes Chile as Newest Artemis Accords Signatory
(NASA, 25.Oct.2024) — Chile signed the Artemis Accords during a ceremony hosted by NASA Administrator Bill Nelson at the agency’s headquarters in Washington, becoming the [more…]
Venezuela’s Energy Minister Delcy Rodríguez Talks Energy in Stop in New Delhi
(Energy Analytics Institute, 25.Oct.2024) — Venezuela’s Executive Vice President Delcy Rodríguez held a meeting with her Indian counterpart Jagdeep Dhankhar in New Delhi, India to [more…]
Petrobras Updates on Nitrogen Fertilizer Project
(Petrobras, 25.Oct.2024) — Petrobras‘ Board of Directors decided to continue implementing the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas (MS). The decision is based [more…]
CAF and O.N.E. Amazon to Promote Amazon Conservation
(O.N.E. Amazon, 25.Oct.2024) — In the context of COP16 in Cali, CAF and O.N.E. Amazon have joined forces to protect and conserve the Amazon rainforest, [more…]
Golden Minerals Inks Binding Deal to Divest Yoquivo Gold-Silver Project
(Golden Minerals, 25.Oct.2024) — Golden Minerals Company signed a binding agreement to sell its Yoquivo gold-silver project (located in Chihuahua State, Mexico) to Advance Metals [more…]
Argentina Oil & Gas Patagonia: 24 Oct. Photo Journal
(Energy Analytics Institute, 24.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are [more…]
MidOcean Completes Purchase of 15% Interest in Peru LNG from Hunt Oil
(Energy Analytics Institute, 24.Oct.2024) — MidOcean Energy, formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15% [more…]
Aris Mining Prices $450mn Senior Notes Offering
(Energy Analytics Institute, 24.Oct.2024) — Aris Mining Corporation priced its offering of 8.000% Senior Notes due 2029. The offering, which was for $450mn, is expected [more…]
Guyana’s President Ali Discusses National Healthcare Vision in Panel Session
(Hess Corp., 24.Oct.2024) — Guyana’s progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual [more…]
Clariant Recognized by Petrobras with Suppliers Award for Health and Wellness
(Clariant, 24.Oct.2024) — Clariant Oil Services, a producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, was honored [more…]
Mexico Pacific Working with Financial Advisors, Executive Says
(Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (mtpa) Saguaro Energía LNG Facility on Mexico’s Pacific Coast [more…]
Argentina Oil & Gas Patagonia: 23 Oct. Photo Journal
(Energy Analytics Institute, 23.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are [more…]
With Sweeping Blackouts in Cuba Why Has the Island’s Solar Buildout Been so Slow?
(AP, 23.Oct.2024) — Cuba’s large-scale blackouts that left 10 million people without power this month may not have happened if the government had built out [more…]
MODEC Completes Errea Wittu Hull Assembly
(Energy Analytics Institute, 23.Oct.2024) — MODEC, Inc. successfully completed the hull block assembly for the Errea Wittu FPSO 40 days ahead of the original schedule. [more…]
Maduro Proposes New Economy at BRICS Plus Summit
(Energy Analytics Institute, 23.Oct.2024) — During the plenary session of the XVI BRICS Plus Summit held in the Russian city of Kazan, Venezuela’s President Nicolás [more…]
Pemex Looks to Boost Reserves During Sheinbaum Presidency
(Reuters, 23.Oct.2024) — Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia [more…]
Maduro and Putin Discuss Strategic Alliances during BRICS Summit
(Energy Analytics Institute, 23.Oct.2024) — Venezuela’s President Nicolás Maduro held at least one meeting with his Russian counterpart Vladimir Putin within the framework of the [more…]
Mexico to Offer Monetary Assistant to Cuba Amid Blackouts
(Energy Analytics Institute, 23.Oct.2024) — Mexico’s President Claudia Sheinbaum said her government would offer Cuba, which is suffering from widespread blackouts, monetary assistance as well [more…]
GeoPark Argentina Approved to Issue up to $500mn in Debt
(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited’s wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (Comisión Nacional de Valores or [more…]
GeoPark’s Mata Mora Norte Block Producing over 12,500 boe/d
(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited said the Mata Mora Norte Block is currently producing over 12,500 boe/d gross and is expected to generate [more…]
EU Backs CCUS Project at Cemex’s Rüdersdorf Cement Plant
(Cemex, 22.Oct.2024) — A consortium comprised of Cemex and Linde, a global industrial gases and engineering company, has been selected to receive €157mn in funding [more…]
Argentina Oil & Gas Patagonia: 22 Oct. Photo Journal
(Energy Analytics Institute, 22.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are [more…]
Venezuela Arrests Former Oil Minister Tellechea
(Reuters, 21.Oct.2024) — Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General Tarek Saab said on Monday, the latest high-profile detention [more…]
Petrobras Reveals 3Q:24 Results Details
(Energy Analytics Institute, 21.Oct.2024) — Petrobras will release its 3Q:24 Production and Sales Report on 28 Oct. 2024 and its 3Q:24 Financial Performance Report on [more…]
Mexico Gas Consumption Up During Jan.-Sep. 2024, IEA Says
(Energy Analytics Institute, 20.Oct.2024) — The Paris-based International Energy Agency (IEA) commented on Mexican natural gas demand in its most recent report. In Mexico, gas [more…]
PEP Reveals Goals and Actions for 2024-2030
(Energy Analytics Institute, 19.Oct.2024) — Pemex Exploration and Production (PEP) announced actions and goals it will pursue during the 2024-2030 timeframe under Mexico’s new President [more…]
Ecopetrol Appoints Carlos Mauricio Avila Saldarriaga as VP
(Ecopetrol, 18.Oct.2024) — Ecopetrol S.A. revealed the following senior management appointments, which were made effective as of 16 Oct. 2024: Carlos Mauricio Avila Saldarriaga was [more…]
IEA: Shipping Route Interruptions in 3Q:24
(International Energy Agency, 18.Oct.2024) — The strong momentum behind LNG project development continued in 2024 even with no US projects reaching final investment decision Since [more…]
IEA: Colombia 3Q:24 Gas Market Report Update
(International Energy Agency, 18.Oct.2024) — In Colombia in Jan. 2024 the government declared a national disaster situation for a period of 12 months due to [more…]
SLB Reports Rise in LatAm Revenues in 3Q:24 [PDF Downloads]
(Energy Analytics Institute, 18.Oct.2024) — SLB announced that its revenue in Latin America reached $1.69bn in the third-quarter 2024, down 3% sequentially, reflecting lower production [more…]
FACT SHEET: Citgo’s US Refineries, Terminals, Pipelines
(Energy Analytics Institute, 18.Oct.2024) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have [more…]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 18.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest [more…]
TotalEnergies Divests Fuel Distribution Activities in Brazil
(Energy Analytics Institute, 18.Oct.2024) — France’s TotalEnergies inked an agreement to divest its fuel distribution activities in Brazil to the Brazilian company SIM Distribuidora. The [more…]
Amber Energy CEO Resigns from Exxon’s BODs
(Energy Analytics Institute, 17.Oct.2024) — Amber Energy CEO Gregory J. Goff resigned as a member of the board of directors of Exxon Mobil Corporation to [more…]
Mexican Senate Votes to Give Constitutional Preference to CFE
(Reuters, 17.Oct.2024) — Mexico’s Senate voted to amend the country’s constitution late on Wednesday to give dispatch preferences to state electricity company CFE, cementing the [more…]
CNOOC Inks 4 Contracts for Blocks Offshore Brazil
(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian [more…]
Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]
(Woodside, 16.Oct.2024) — Woodside Energy reported record third-quarter 2024 production of 53.1 MMboe (577 Mboe/d), up 20% sequentially from the second-quarter 2024 due to ramp-up [more…]
DNV Supports Atlas in Battery Project in Chile
(DNV, 15.Oct.2024) — DNV has supported Atlas Renewable Energy in securing $289mn in financing for its first standalone Battery Energy Storage System (BESS) project in [more…]
Miros Secures ISO 27001 Certification for ISMS
(Miros, 15.Oct.2024) — Miros, involved providing real-time ocean insights for maritime operations, has successfully obtained ISO 27001, the world’s leading standard for information security management [more…]
FPSO Maria Quitéria Starts Operating in Campos Basin
(Petrobras, 15.Oct.2024) — The Maria Quitéria platform ship produced its first oil on 15 Oct. 2024 in the Jubarte field, pre-salt in the Espírito Santo [more…]
Preliminary Work on Dragon Gas Project Begins
(MEEI, 14.Oct.2024) — On 11 Oct. 2024, Dr. The Honourable Keith C. Rowley, Prime Minister of the Republic of Trinidad and Tobago and The Honourable [more…]
Deadly Houston Fire Highlights Pemex’s Grim Safety Record
(Bloomberg, 14.Oct.2024) — A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates [more…]