HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — Baker Hughes received an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. The award follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure […]
Category: North America
North America energy
SolarBank to Develop 7.2MW Solar Project in New York
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — SolarBank Corporation plans to develop a 7.2 MW DC ground-mount solar power project known as the Jordan Rd, Gainesville project on a site located in upstate New York. With a secured site lease and interconnection study underway, the project is a […]
CERAWeek Day 3 NRGBriefs from EQT to Excelerate Energy and Siemens and Equinor to Iberdrola
HOUSTON, TEXAS (Editors at Energy Analytics Institute (EAI), 12.Mar.2025) — Energy briefs and highlights from Day 3 of CERAWeek by S&P Global 2025 in Houston, Texas. — Excelerate Energy vice president, government relations and public affairs Derek Wong: “Natural gas is here to stay, that could point to the golden-age […]
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 […]
AI Driving Data Center Growth, East Daley Says
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Mar.2025) — Data centers are projected to account for nearly half of the 10%-26% rise in US electricity consumption by 2030, increasing their share of total power usage from 3% to 6%-9%, according to East Daley. This, as the number of US data […]
CERAWeek: Context Labs Unveils Open Decarbonization Project with Ecosystem Leaders
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Mar.2025) — Context Labs announced the launch of the Open Decarbonization Project (ODP) — an open-source initiative designed to advance transparency and trust in carbon and methane emissions reporting. By working together with industry leaders, the ODP is setting a new standard for […]
Baker Hughes, NextDecade Ink Agreement for Rio Grande LNG Expansion Trains
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 11.Mar.2025) — Baker Hughes and NextDecade Corporation entered into a framework agreement whereby NextDecade will utilize Baker Hughes’ gas turbine and refrigerant compressor technology and enter into contractual services agreements to perform maintenance work for these equipment packages for Trains 4-8 at the […]
HIF Global Awarded First US Approval for e-Fuels Design Pathway
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Mar.2025) — HIF Global has been awarded the first US approval for an e-Fuels pathway. The Tier II Design Pathway Certification, granted under the California Air Resource Board’s (CARB) Low Carbon Fuel Standard (LCFS) Program, strengthens the market for e-Fuels production, HIF Global […]
CERAWeek Day 1 NRGBriefs from Chevron and Cheniere to Aramco and Shell
HOUSTON, TEXAS (Energy Analytics Institute, 10.Mar.2025) — Energy briefs and highlights from Day 1 of CERAWeek by S&P Global 2025 in Houston, Texas. — Aramco CEO Amin Nasser touted the Golden new era for ‘abundant affordable and sustainable energy for all.’ The head of the world’s largest oil producer sees growth of […]
CERAWeek: Secretary of Energy Chris Wright Delivers Keynote Remarks
HOUSTON, TEXAS (US Department of Energy, 10.Mar.2025) — U.S. Secretary of Energy Chris Wright delivered remarks today at the 43rd annual CERAWeek by S&P Global, outlining the administration’s and Energy Department’s commitment to expanding the production of affordable, reliable and secure American energy. Secretary Wright’s full remarks are below: Thanks […]
Schneider Electric unveils major new Energy Innovation Center during CERAWeek
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Mar.2025) — Schneider Electric, launched its new Innovation Center in Houston. The opening of the Center coincides with Schneider Electric’s strategic partnership at CERAWeek by S&P Global during 10-14 Mar. 2025. The opening of this 10,500 sq. ft state-of-the-art facility is the latest […]
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 […]
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 — […]
Baker Hughes and Woodside to Develop Small-Scale Decarbonization Solutions
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 6.Mar.2025) — Baker Hughes and Austrailia’s Woodside Energy entered into a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform. Said platform is specifically designed for crude oil and natural gas (including liquefied natural gas or […]
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 […]
Vermilion Announces Production and Capex Guidance for 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — Vermilion Energy Inc. announced 2025 production and capital budget guidance which incorporates the closing of the Westbrick acquisition for an end of Feb. 2025 close date versus the previously forecasted mid-Feb. 2025 close. Production is expected in the range of 125,000-130,000 […]
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 […]
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 […]
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 […]
Canada’s Trudeau on Trump’s Tariffs: “We Will Not Back Down From a Fight”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Canada’s prime minister Justin Trudeau said Canada would not back down to tariffs imposed on the country by the administration of US president Donald Trump. “Today, the United States launched a trade war against Canada: their closest partner and ally — […]
![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 […]
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 […]
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 […]
Veren Eyes Average Production of 188,000-196,000 boe/d in 2025
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 27.Feb.2025) — Veren Inc., which has started 2025 strong boasting production of 191,000 boe/d in Jan. 2025, has an eye on achieving average production of 188,000-196,000 boe/d (65% oil and liquids) in 2025. This, based on its development capital expenditures (Capex) budget […]
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 […]
NextDecade Announces Development of Trains 6-8 at Rio Grande LNG Facility near Brownsville
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 28.Feb.2025) — NextDecade Corporation, which is developing and constructing the Rio Grande liquefaction and export facility near Brownsville, Texas with 48 million tonnes per annum (MTPA) of potential capacity, announced development plans for Trains 6-8. Trains 6-8 are wholly owned by NextDecade […]
Flex LNG on European Union’s Emissions Trading System (EU ETS)
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Commencing 1 Jan. 2024, the European Union’s Emissions Trading System (EU ETS) was extended to cover carbon dioxide (CO2) emissions from ships over 5,000 gross tons entering EU ports. The EU ETS covers: (1) 50% of emissions from voyages either starting […]
Excelerate Reports Record 2024 Results, Eyes Buying LNG Carrier in 2025
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 26.Feb.2025) — Excelerate Energy reported net income of $46.1mn in the fourth-quarter 2024 (4Q:24) and $153mn for the full year 2024 as well as adjusted EBITDA of $91.6mn and $348.2mn, respectively. The Woodlands-based Excelerate also declared a quarterly cash dividend of $0.06 per […]
Zachry Gets Court Approval for Restructuring Plan
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 26.Feb.2025) — Zachry Holdings, Inc. (ZHI) said the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s reorganization plan. As a result, Zachry looks to successfully complete its restructuring and emerge from the court-supervised process in coming weeks, the company […]
Ovintiv Eyes Production of 595,000-615,000 boe/d in 2025 with Montney Leading the Way
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Ovintiv Inc. revealed its full year 2025 capital program of $2.15bn-$2.25bn, which is expected to deliver total production volumes of 595,000-615,000 barrels of oil equivalent per day (boe/d), including oil and condensate volumes of 202,000-208,000 b/d. This compares to average total […]
Bp Resets Business Strategy
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — UK energy giant bp introduced a fundamentally reset strategy, with significant capital reallocation, and plans to drive improved performance, aimed at growing free cash flow, returns and long-term shareholder value. “Today we have fundamentally reset bp’s strategy. We are reducing and […]
Texas’ ExxonMobil Logical Candidate to Buy Targa, According to East Daley
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — Texas-based ExxonMobil Corporation is a logical candidate to acquire Targa, as it currently supplies approximately 30% of Targa’s volumes and owns a 27% interest in its Midland system, according to East Daley. The rationale is that Exxon would benefit from Targa’s […]
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 […]
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,” […]
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% […]
Greenwave Technology Not Looking to Raise Capital for Now
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — Greenwave Technology Solutions, Inc., despite receiving numerous inquiries from investors, has no immediate plans to raise capital. Greenwave currently has $10mn in cash and current inventories of $7mn, the company said 21 Feb. 2025 in an official statement. This, as scrap […]
Excelerate Announces Class A Common Stock $0.06/share Dividend
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — The Board of Directors of Excelerate Energy, Inc. declared a quarterly cash dividend with respect to the quarter ended 31 Dec. 2024 of $0.06 per share of Class A common stock. The dividend is payable on 27 Mar. 2025 to Class […]
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 […]
CPKC Eyes Doubling its Hydrogen Test Fleet in 2025, Prepares for Delivery of Locomotives
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Feb.2025) — Canadian Pacific Kansas City (CPKC) is exploring and investing in innovative technology solutions and projects to reduce emissions from its locomotive operations and support the company’s long-term sustainability objectives. As part of plan, CPKC is making strides with its hydrogen locomotive […]
Matador Eyes Boosting Equivalent Production 20% in 2025 v 2024
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 18.Feb.2025) — Matador Resources Company eyes average daily equivalent crude oil and natural gas production reaching 205,000 boe/d in 2025, up 20% compared to 170,751 boe/d in 2024, according to the company’s founder, chairman and CEO Joseph Wm. Foran. “Matador aims at increasing its […]
Uranium Energy Reports Key Production at Irigaray CPP in Wyoming
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 19.Feb.2025) — Uranium Energy Corp. achieved a major operational milestone with the successful processing, drying and drumming of uranium concentrates at the company’s Irigaray Central Processing Plant (CPP) in Wyoming. This, after initial uranium production from UEC’s Christensen Ranch In-Situ Recovery (ISR) operations. […]
Citgo Launches Brand Licensing Program as Part of Fuels Business
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — The Citgo brand is extending to 5 new geographic markets with the launch of a brand licensing program for qualified marketers and retailers. The launch will initially target Arizona, Colorado, New Mexico, Nevada and Utah, Citgo said 18 Feb. 2025 in […]
Natura Eyes 2 Advanced Nuclear Projects in Texas
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 18.Feb.2025) — Natura Resources announced deployment of 2 advanced nuclear projects in Texas. The projects aim to enhance energy security and reliability for the rapidly growing state. These deployments, located in the Permian Basin and at Texas A&M University‘s RELLIS Campus, represent significant […]
Diamondback to Acquire Double Eagle IV in Stock and Cash Deal
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Feb.2025) — Diamondback Energy, Inc. entered into a definitive agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC in exchange for 6.9 million shares of Diamondback common stock and $3bn of cash. The transaction is slated to close on 1 Apr. […]
Venture Global to Achieve COD at Calcasieu Pass on 15 Apr. 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Venture Global has notified its long-term customers that its Calcasieu Pass facility will commence commercial operations on 15 Apr. 2025. The facility will achieve its commercial operation date, or COD, in under 68 months from its Aug. 2019 final investment decision […]
Noble Floater Fleet 74% Contracted Through the Fourth-quarter 2024
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — Noble Corporation said its marketed fleet of 25 floaters was 74% contracted through the fourth-quarter 2024 (4Q:24), compared to 81% in the third-quarter 2024. This, primarily due to transitory idle time on the Noble BlackRhino, Noble Gerry de Souza and Noble […]
Protected: Amos Global Inks SPA to Buy Sinopec’s Gulf of Paria (PetroParia) Interest in Venezuela
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Commonwealth Eyes FID in Sep. 2025, First LNG from its 9.5 MTPA Cameron LNG Facility in 1Q:29
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 14.Feb.2025) — Commonwealth LNG received a conditional non-free trade agreement (non-FTA) export authorization from the US Department of Energy (DOE). Commonwealth separately received its draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC). Both actions represent significant milestones in […]
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 […]
Suburban Propane and NASCAR Unveil Propane-Powered Track Dryer
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.Feb.2025) — Suburban Propane Partners, L.P. joined forces with NASCAR to unveil a propane-powered track dryer at the iconic DAYTONA 500. This innovative solution will complement NASCAR’s current track drying efforts and help get race cars back on the track as quickly as […]
Arcadium Lithium Obtains Necessary Approvals Globally to Close Acquisition by Rio Tinto
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Feb.2025) — Global lithium chemicals producer Arcadium Lithium plc has received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto. This includes merger control clearance being satisfied or waived in Australia, Canada, China, Japan, South […]
Select Water and Occidental Boast Progress at Lost Tank Recycling Site in New Mexico
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — Select Water Solutions, Inc. and Occidental announced significant progress in their joint initiative of reducing freshwater usage and reliance on disposal in the Northern Delaware Basin. This, through successful development and commercialization of the Lost Tank recycling facility in Lea County, […]
OPEC Forecasts Slight Rise in Permian Oil Production in 2025
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the Permian Basin to grow by 0.2 million barrels per day (MMb/d) in 2025 compared to an average 5.5 MMb/d in 2024. In 2026, production in […]
US Gas Production to Average 114.7 Bcf/d in 2025, Rise 1.4% YOY
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 12.Feb.2025) — US marketed natural gas production is expected to average 114.7 billion cubic feet per day (Bcf/d) in 2025, up 1.4% compared to 113.1 Bcf/d in 2024, according to recent data revealed by the US Energy Information Administration (EIA). This gas […]
Antero Midstream Provides 2025 Financial Guidance
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 12.Feb.2025) — Antero Midstream Corporation, which owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets, reveal financial guidance for 2025. In 2025, Antero is forecasting net income of $445mn-$485mn and […]
US LNG Exports to Grow 17% in 2025, then 16% in 2026, the EIA Says
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 11.Feb.2025) — Gross US liquefied natural gas (LNG) exports are forecast to rise in 2025 for the first time in 2 years, according to recent data published by the US Energy Information Administration (EIA). US LNG exports are forecast to average 14 […]
Entergy, Kinder Morgan, Golden Pass LNG Ink Deal Ink Gas Deal
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 11.Feb.2025) — Entergy Texas reached a transportation agreement with Kinder Morgan to secure natural gas supply, supporting the rapid industrial, commercial and residential growth in the region. The arrangement, which was developed in collaboration with Golden Pass LNG, is part of Kinder Morgan’s […]
Protected: Mexican Developers Eye Coatzacoalcos II Small-scale LNG in Veracruz
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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 […]
Energy Transfer to Supply Gas to Data Center Project in Central Texas
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 10.Feb.2025) — Energy Transfer LP entered into a long-term agreement to supply natural gas to Denver-based CloudBurst Data Centers, Inc.‘s flagship artificial intelligence or AI-focused data center development in Central Texas. Under the agreement, Energy Transfer’s Oasis Pipeline, LP will provide up […]
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 […]
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 […]
Flex LNG Eyes Challenging Outlook for LNG Shipping Over Short-to-Medium Term
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Feb.2025) — The outlook for liquefied natural gas (LNG) shipping over the short-to-medium term is challenging owing to numerous ship deliveries ahead of ramped up new export capacity. Flex LNG Ltd. expects the period between 2024-2027 will likely resemble the period between 2014-2017. […]
Marathon Petroleum Corporation Eyes Capital Spend of $1.25bn in 2025
HOUSTON, TEXAS (Energy Analytics Institute, 4.Feb.2025) — Marathon Petroleum Corp. (MPC)‘s standalone (excluding MPLX) capital spending outlook is $1.25bn for 2025, of which 70% will be destined to enhance capital with 30% sustain capital. MPC’s 2025 capital spending outlook includes continued high return investments at its Los Angeles, Galveston Bay […]
ONEOK and MPLX to Build LPG Export in Texas
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 4.Feb.2025) — ONEOK, Inc. and MPLX LP entered into definitive agreements to form joint ventures to build a new large-scale 400,000-barrel per day (b/d) $1.4bn liquefied petroleum gas (LPG) export terminal in Texas City, Texas as well as a new 24-inch pipeline from […]
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 […]
EDPR Canada Completes Land Acquisition for Energy Storage Project
HOUSTON, TEXAS (Energy Analytics Institute, 4.Feb.2025) — EDP Renewables North America (EDPR NA) together with EDP Renewables Canada Ltd. (EDPR Canada), subsidiary of EDP Renewables S.A., partnered with Caldwell First Nation to complete a land purchase on previously unused industrial property for the 75MWac (300 MWh) Edgeware Energy Storage Project […]
Baker Hughes to Provide Solutions to Argent LNG’s 24 MTPA Port Fouchon Export Facility
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Argent LNG LCC selected Baker Hughes as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, […]
US Energy Development Corp. Eyes Deployment of $1bn in Permian in 2025
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Feb.2025) — US Energy Development Corporation (USEDC) plans to deploy up to $1bn during 2025, primarily in the Permian Basin on operated and non-operated oil and gas projects. USEDC expects the Permian will remain the primary focus of its investment in 2025 […]
Ecopetrol and Oxy Extend Midland Development Plan in the Permian Basin
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Feb.2025) — Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extended development of their Rodeo Midland Basin LLC, located in the Permian Basin (Texas, USA). Ecopetrol and Oxy originally established the Rodeo joint venture (JV) in Jul. 2019. The prolific Permian contains […]
US Tariffs on Canadian Aluminium to Impacts American Workers and Consumers
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Feb.2025) — Canada’s aluminium industry finds unfortunate and highly disruptive the 25% tariffs announced by the administration of US president Donald Trump. “We are disappointed, but we were expecting this and are ready for it,” Aluminium Association of Canada president and CEO Jean […]