Latin America and the Caribbean Archives

SLB Opens New Office in Paramaribo, Expands Presence in Suriname

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — SLB opened its new office in Paramaribo, Suriname. Operating for over 60 years in Suriname, this new office further strengthens SLB’s local presence and commitment to in-country value, SLB announced on 26 Feb. 2025 in an official statement. In Suriname, […]

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 […]

Suriname Overview: Energy Future Looks Bright

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025) — Suriname is located on the northern coast of South America, bordered by the Atlantic Ocean to the north, Brazil to the South, Guyana to the West and French Guiana to the East. Suriname is divided into several defined geographical areas: […]

Vista Reports 18% Rise in Reserves, 323% Reserves Replacement Ratio [PDF Download]

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 18.Feb.2025) — Vista Energy, S.A.B. de C.V.‘s estimated and certified proved (P1) oil and gas reserves reached 375.2 million barrels of oil equivalent (MMboe) as of 31 Dec. 2024, up 18% year-over-year compared to 318.5 MMboe. Additions to P1 reserves totaled 82.2 […]

Argentina Starts Historic Electrical Modernization in AMBA

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 17.Feb.2025) — Argentina’s Energy Secretariat published a national and international tender called “GBA Storage -AlmaGBA”, through Resolution 67/2025, intended for the contracting of electricity storage plants. This initiative, unprecedented in the South American country but already applied worldwide, seeks to add 500 […]

Petrobras Selects SBM Offshore for FPSO Carbon Capture Solution

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Feb.2025) — SBM Offshore will carry out a study with state-owned Petrobras for the application of carbon capture modules on floating production storage and offloading (FPSO) vessels. The module design is based on a successful engineering and design study between SBM Offshore […]

Major O&G Cos. Paid $7.4bn to Trinidad and Tobago Gov’t Between 2015-2022

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Feb.2025) — Major oil and gas companies in Trinidad and Tobago — BPTT, Shell plc, EOG Resources, BHP Billiton/ Woodside Energy and The National Gas Company of Trinidad and Tobago (NGC) — paid $7.4bn to the government of the twin-island nation between […]

Petrobras Inks Protocol of Intent to Reuse Oil and Gas Production Platforms

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Feb.2025) — Petrobras signed 2 Protocols of Intent to carry out studies on the reuse of oil and gas production platforms in the demobilization stage. The initiative foresees demobilization of 10 platforms by 2029 and includes studies to evaluate possibilities for reusing […]

Trinidad Registered 1,592 Oil Spills Between 2016-Oct.2024

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Feb.2025) — Trinidad and Tobago reported 250 oil spills between Jan.-Oct. 2024 and between 2016 and Oct. 2024 the twin-island nation experienced a total of 1,592 oil spills, with 73.68% transpiring on land. The areas most affected onshore were Forest Reserve/Fyzabad, Los […]

Protected: Amos Global Inks SPA to Buy Sinopec’s Gulf of Paria (PetroParia) Interest in Venezuela

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Protected: FPSO Almirante Tamandaré Comes Online in the Pre-Salt Santos Basin

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Pemex Guarantees Production from 2025-2030 with Trion, Zama, Other Projects

HOUSTON, TEXAS (Pietro D. Pitts and Fidencio Casillas, Energy Analytics Institute, 15.Feb.2025) — State-owned Petróleos Mexicanos‘ overall work plan during 2025-2030 includes guaranteeing greater crude oil and natural gas production as well as the supply of fuels (gasoline), petrochemicals and fertilizers, Mexico’s Energy Secretariat (Sener) Luz Elena González Escobar and […]

LNG Alliance Affiliate Inks MOU for 100 TPA of Sustainable Hydrogen in Sonora, Mexico

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 14.Feb.2025) — LNG Alliance Pte Ltd, Singapore affiliate Aslan Energy Capital, signed a Memorandum of Understanding (MOU) to supply 100,000 tonnes per annum (TPA) of sustainable hydrogen from its green hydrogen project development in Sonora, Mexico, to California-based CalYan XGH Inc. The […]

Mexico’s Sierra Madre Pipeline Faces Permit Hurdles

HOUSTON, TEXAS (Argus, 14.Feb.2025) — Gas supply to Mexico’s largest LNG terminal is in question as security concerns and community opposition threaten the Sierra Madre pipeline’s progress. Mexico Pacific‘s 48-inch, 800km (497 mi) pipeline, when completed, will transport up to 2.8 Bcf/d of natural gas from Texas’ Waha Basin to […]

Petrobras Pre-salt Potential Confirmed with Búzios 9-BUZ-99D-RJS Well

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 14.Feb.2025) — Rio de Janeiro-based Petrobras confirmed the presence of oil at 9-BUZ-99D-RJS well, located in the western region of the Búzios field. The discovery reaffirms the pre-salt potential of the Búzios field. This is a new accumulation in a zone below […]

Petrobras to Pay First Installment of Shareholder Remuneration on 20 Feb. 2025

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 13.Feb.2025) — Petrobras will pay on 20 Feb. 2025 the first installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024, based on the shareholder position of 23 Dec. 2024. This first installment will be paid in the form […]

ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil produced from its Payara project, the company announced 13 Feb. 2025 on social media. Payara, ExxonMobil’s third development offshore Guyana, started up just 15 months […]

Exxon Applies for Longtail Environmental Permits: Reuters

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Feb.2025) — Spring, Texas-based ExxonMobil Corporation has reportedly applied for environmental permits related to its Longtail development located offshore Guyana in the Stabroek Block, according to Reuters. The consortium is eying another well in Stabroek, Reuters reported 13 Feb. 2025, citing Exxon […]

Brava Energia and Trafigura PTE Ink Deal for 6 MMbbls from Atlanta Consortium

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 13.Feb.2025) — Brava Energia SA and Trafigura PTE inked a deal for the sale of 6 million barrels (MMbbls) of oil produced by the consortium in Atlanta. 80% will come from Brava and 20% from Westlawn. The contract, signed on 11 Feb. […]

Sheinbaum Says Pemex’ Mandate is to Produce up to 1.8 MMb/d

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 12.Feb.2025) — Mexico’s president Claudia Sheinbaum Pardo said the principal work plan through 2030 for state-owned Petróleos Mexicanos (Pemex) was to produce 1.8 million barrels per day (MMb/d) during her six-year presidency (2024-2030) or sexenio in order to maintain Mexico’s oil for […]

Intradeco Completes Phase 2 Solar Energy Investment in Apopa in El Salvador

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 12.Feb.2025) — Intradeco Holdings, a global vertical manufacturing group, completed Phase 2 of its strategic investment through its fully owned subsidiary Apopa Energy. This significant milestone includes a $15mn investment in 10 MW of solar energy and the development of a community […]

Kootenay Reveals Drill Results from Columba Project Chihuahua, Mexico

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Feb.2025) — Kootenay Silver Inc. provided results from 11 new drill holes at the Columba high grade silver project in Mexico. The batch reported comprises tests from the F and I-Veins and the first holes into a new target area La Preciosa, an […]

SMC Global Establishes SMC Argentina as Part of LatAm Expansion

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 11.Feb.2025) — SMC Global announced further expansion into Latin America with establishment of SMC Argentina. This follows the successful launch of its subsidiary SMC Brazil in 2024 and further strengthens its presence in the region. This strategic expansion allows SMC Global — […]

Guyana Issues Statement Regarding Corentyne Block License with CGX and Frontera

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 11.Feb.2025) — The government of Guyana has informed joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation that “there are no reasonable grounds to grant any extensions to the joint venture in respect of its appraisal or exploration obligations under […]

Protected: Mexican Developers Eye Coatzacoalcos II Small-scale LNG in Veracruz

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Mexico’s Carlos Slim says ‘Complicated’ Deepwater Gas Project Being Evaluated

MEXICO CITY, MEXICO (Reuters, 10.Feb.2025) — Mexican billionaire investor Carlos Slim said his team is reevaluating a deal inked with state oil company Pemex to develop Mexico’s first deepwater natural gas field, a project long plagued by problems over its commercial viability. The comments support a Reuters exclusive last month […]

New Pacific Metals Sets Bolivia Budget at $8mn in 2025

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Feb.2025) — New Pacific Metals Corp. outlined its 2025 plans for its operations in Bolivia where the company has successfully established significant mining potential of our flagship projects, Silver Sand and Carangas. “Having successfully established the significant mining potential of our flagship projects, […]

Trinidad Energy Minister Says Offshore Wind Key Driver Towards Green Hydrogen Economy

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Feb.2025) — Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young said offshore wind has been identified as the key driver for the twin-island country’s future green hydrogen economy. “Trinidad and Tobago stands ready to catalyze our vast global potential […]

CERAWeek by S&P Global: Houston, 10-14 Mar. 2025

HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]

Brava Energia Inks Deal with Consortium to Divest 11 Concessions in Rio Grande do Norte

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Feb.2025) — Brava Energia S.A. and the consortium formed by Azevedo e Travassos Petróleo S.A. (A&T) and Petro-Victory Energy Corp. (PVE) signed a contract on 7 Feb. 2025 for the sale of 11 onshore oil and gas concessions located in the Potiguar Basin, […]

Trump’s Oil Tariffs on Canada and Mexico to Significantly Impact Crude Flows

LONDON, ENGLAND (Wood Mackenzie, 6.Feb.2025) — US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie. According to the report “How […]

Petrobras and Régia Allocate R$50mn Each to Establish Petrobras Bioeconomy Fund

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 6.Feb.2025) — Petrobras is allocating R$50mn to establish an Impact Fund for Bioeconomy and Nature-Based Solutions Socio-Environmental Projects (dubbed the Petrobras Bioeconomy Fund), with Régia Capital, a management firm focused on sustainable investments and financial solutions, that is contributing an additional R$50mn. […]

TotalEnergies’ CEO Pouyanné Says Brazil at Top of Portfolio in Terms of CFFO

HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies chairman and CEO Patrick Pouyanné said Brazil is poised to become the number 1 country in the French company’s portfolio in terms of cash flow from operations (CFFO) in 2025. 4Brazil is 1 of the countries that is successful since it will […]

Protected: Ecopetrol Closes Purchase of Repsol’s 45% Interest in Block CPO-09 for $452mn

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TotalEnergies Says Gas Market to Remain in Tension in 2025

HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” TotalEnergies expects its liquefied natural gas (LNG) sales to exceed 40 million tonnes (Mt) in 2025, up slightly compared to […]

Colombia’s Petro Calls for Sale of Ecopetrol Fracking Operations in US

BOGOTA, COLOMBIA (Luis Jaime Acosta, Reuters, 4.Feb.2025) — Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol‘s fracking operations in the United States to invest in clean energy. The leftist leader’s request was made to his minister of mines and energy, Andres Camacho, in an unusual […]

YPF Divests YPF Brasil to Brazilian Companies for $2.3mn

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Feb.2025) — YPF S.A. completed the sale of all the shares of its Brazilian subsidiary YPF Brasil Comercio de Derivados de Petrol LTDA, based in Sao Paulo, to the Brazilian companies GMZ Holding LTDA, and IGP Holdings Participacoes S/A, with the intervention […]

Exxon Selects Baker Hughes for Chemicals Services for Uaru and Whiptail Developments

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Feb.2025) — Baker Hughes revealed a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The multi-year contract includes all topsides, subsea, water injection and utility […]

Petrobras Receives Earnouts for Sépia and Atapu Blocks and Baúna Field

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Petrobras received contingent payment installments (earnout) this week for R$2.161bn from the partners of the Sépia and Atapu blocks and R$516mn from Karoon Petróleo & Gás Ltda., a subsidiary of Karoon Energy Ltd., referring to the sale of the Baúna field. […]

Petrobras Reported Gas Sales of 50 MMcm/d in 2024

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Feb.2025) — Petrobras reported average natural gas sales of 47 million cubic meters per day (MMcm/d) in 2024, down 2 MMcm/d compared to 49 MMcm/d in 2023, mainly owing to a growing participation of other agents in the market and lower demand […]

COFECE Clears SilverCrest’s Deal with Coeur Mining, Inc.

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 3.Feb.2025) — SilverCrest Metals Inc. received the clearance decision from the Comisión Federal de Competencia Económica (COFECE) regarding company’s plan of arrangement with Coeur Mining, Inc. Per the arrangement, Coeur will indirectly, among other things, acquire all of the issued and outstanding […]

Sheinbaum Says Trump’s Tariffs to Impact Mexico and the US

MEXICO CITY, MEXICO (Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 2.Feb.2025) — The 25% tariff proposed by US President Donald Trump on all Mexican imports into the US will affect both countries, according to Mexico’s president Claudia Sheinbaum Pardo. But, in particular the tariff will have serious consequences […]

Suriname 1Q:25 NRG Prospector [PDF Download]

PANAMA CITY, PANAMA (Piero Stewart and Pietro D. Pitts, Energy Analytics Institute, 2.Feb.2025) — Nestled on the northeaster coast of South America, Surname is a small yet resource rich country poised to emerged as a vital player in the Latin America and Caribbean energy and extractive sectors. Recent developments offshore […]

Ecopetrol Board Approves Senior Management Changes

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Feb.2025) — The Board of Directors of Ecopetrol S.A. approved adjustments to its organizational structure on 31 Jan. 2025. The changes aim to strengthen the management of its business lines, maintain competitive returns and segregate activities related to management from those related to […]

Trudeau Says Canada Ready with “Forceful and Immediate Response” to Trump Tariffs

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Canada’s Prime Minister Justin Trudeau said the country was ready to respond to tariffs of 25% as promised by US president Donald Trump this week. The tariff is set to go into effect on 1 Feb. 2025, according to details revealed […]

NRGBriefs Jan. 2025: Golden Pass LNG, Chevron CEO on Argentina Growth

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Energy briefs as well as others related to finance, economics, politics, and projects during Jan. 2025 including Venezuela Edmundo González Urrutia planning to tour Argentina, Uruguay, Panama, the US, and the Dominican Republic before his proposed return to Venezuela on or […]

Sheinbaum Says Mexico has a Plan A, Plan B and Plan C if Trump Imposes Tariffs

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo said her country continues to maintain dialogue with officials from the administration of US president Donald Trump but always with respect to Mexico’s sovereignty. Sheinbaum — speaking 31 Jan. 2025 during her mañanera or daily briefing with […]

Protected: Staatsolie Issues New Dollar and Euro Bond as it Eyes $2.4bn Stake in GranMorgu

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Petrobras Receives R$1.025bn Contingent Payment from Petro Rio

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Petrobras received R$1.025bn in a contingent payment (earnout) related to the oil barrel price for the 2024 fiscal year from Petro Rio Jaguar Petróleo S.A. (PRIO), a subsidiary of PRIO S.A. The payment is in accordance with terms of the agreement […]

ExxonMobil Eyes Yellowtail Development Startup Offshore Guyana in 3Q:25

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation expects the startup of the 250,000 barrel per day (b/d) Yellowtail development in the Stabroek Block to occur sometime in the third-quarter 2025 (3Q:25), according to comments from the company’s chairman and CEO Darren W. Woods. “With respect to […]

Chevron Starts Several Projects in the Gulf of America [PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Chevron Corporation reported earnings of $3.2bn in the fourth-quarter 2024 (4Q:24) compared with $2.3bn in the 4Q:23. Results in the 4Q:24 included severance charges of $715mn and impairment charges of $400mn. Chevron said foreign currency affects increased earnings by $722mn. Chevron […]

Exxon Eyes Production of 5.4 MMboe/d in 2030, Aided by Permian and Guyana Volumes

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation has an eye on boosting upstream production to around 5.4 million barrels per day of oil equivalents (MMboe/d) in 2030 compared to 4.3 MMboe/d in 2024. This, as production was 4.6 MMboe/d in the fourth-quarter 2024 (4Q:24), up […]

Exxon Mobil Reports 4Q:24 Earnings of $7.6bn [PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Exxon Mobil Corporation announced fourth-quarter 2024 earnings of $7.6bn, or $1.72 per share assuming dilution. Cash flow from operating activities was $12.2bn and free cash flow (FCF) was $8bn. Capital and exploration expenditures, and cash capital expenditures were both $7.5bn in […]

YPF Completes 100% Acquisition of Shares and Capital Stock of Mobil Argentina for $327mn

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 30.Jan.2025) — YPF S.A. completed the 100% acquisition of the shares and capital stock of Mobil Argentina S.A. (MASA) on 29 Jan. 2025. The transaction was for $327mn, which includes the purchase of the working capital of the company and the price […]