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 […]

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 […]

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 […]

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 […]

CABC Opposes Trump’s 25% Tariff on Canadian Goods

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Feb.2025) — The Canadian American Business Council (CABC) strongly opposes tariffs imposed on Canadian goods as revealed by US president Donald Trump since the action will negatively impact jobs, businesses, and consumers in the US and Canada, the council said. “The United States […]

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 […]

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 […]

Enbridge Will Not Redeem Series 11 Shares

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 30.Jan.2025) — Enbridge Inc. doesn’t intend to exercise its right to redeem its currently outstanding cumulative redeemable preference shares, Series 11, on 1 Mar. 2025.  As such, subject to certain conditions, the holders of the Series 11 shares have the right to convert all […]

NexGen Starts Exploration Program at Patterson Corridor East

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Jan.2025) — NexGen Energy Ltd. commenced a 43,000m exploration drill program to continue to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE) located 3.5km east of the world-class Arrow Deposit.  This systematic program represents an […]

IsoEnergy and Purepoint Reveal JV Plans for 2025

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — IsoEnergy Ltd. and Purepoint Uranium Group Inc. commenced their 2025 exploration program, supported by a $5,000,000 budget for the newly formed 50/50 joint venture (JV). The JV spans over 98,000 hectares and consolidates 10 high-valued uranium projects into three distinctive areas […]

First Mining Identifies 2 New Discovery Gold Zones

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Jan.2025) — First Mining Gold Corp. announced new drilling results from the 2024 Phase 3 diamond drilling program at its Duparquet Gold Project located in Quebec, Canada where it as identified 2 new discovery gold zones during the expansion drilling at the Valentre target.  […]

Agnico Offers 58% Premium to Shareholders of O3 Mining Inc.

(Editors at Energy Analytics Institute, 15.Jan.2025) — Agnico Eagle Mines Limited and O3 Mining Inc. mailed a letter to shareholders of O3 reminding them to promptly tender their common shares in O3 to Agnico’s friendly all cash offer of $1.67 per common share.  The offer represents a 58% premium to […]

EAI 4Q:24 NRG Prospector [Complimentary PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]

EAI North America NRG Dashboard 4Q:24 [PDF Download]

(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s North America NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Canada and the USA. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.

Low Carbon Building Inaugurated in Ontario

(Energy Analytics Institute, 10.Dec.2024) — CarbiCrete CEO Jacob Homiller was joined on 6 Dec. 2024 by Aecon‘s Senior Advisor, Sustainability and Environment Clément Boisselier, and Innocon Technical Performance and Data Transformation Manager Nashat Andraws for a ribbon-cutting ceremony at Aecon’s Innovation and Training Centre in Holland Landing, Ontario. The event marked […]

Enbridge Reveals 2025 Guidance, 3% Dividend Increase

(Energy Analytics Institute, 3.Dec.2024) — Calgary, Alberta-based Enbridge Inc. revealed its 2025 financial guidance and an annualized common share dividend increase from C$3.66 to C$3.77 Canadian dollar per share, or 3.0%, effective 1 Mar. 2025. “Global oil consumption has rebounded to all-time highs and increasing natural gas demand is being […]

The Montney: A Rising Star in North American Energy

(Energy Analytics Institute, 29.Nov.2024) — The Montney Shale, nestled within Canada’s Western Canada Sedimentary Basin (WCSB), is emerging as a key player in North America’s unconventional oil and gas sector.  This prolific resource has long been a cornerstone for Canadian energy giants—ARC Resources, Canadian Natural Resources Limited (CNRL) and Tourmaline […]

Generation Mining Completes Optimization Work

(Generation Mining, 20.Nov.2024) — Generation Mining Limited provided an update on the project optimization work previously announced on 6 Jun. 20242 on the Marathon Palladium-Copper Project in Northwestern Ontario.  The optimization work focused on two key aspects: (1) optimization of the mine plan to maximize metal production and defer waste […]

ATCO and CPKC Finish Construction of Hydrogen Stations in Alberta

(CPKC, 20.Nov.2024) — Canadian Pacific Kansas City (CPKC) and ATCO EnPower, a division of Canadian Utilities Limited said construction of hydrogen production and refuelling facilities in Calgary and in Edmonton is now complete and the facilities are fully operational. As part of its innovative Hydrogen Locomotive Program, CPKC is retrofitting a […]

Enbridge Comments on Conversion Results for Series 9 Preferred Shares

(Energy Analytics Institute, 18.Nov.2024) — Calgary, Alberta-based Enbridge Inc. said none of its outstanding Cumulative Redeemable Preference Shares, Series 9 will be converted into Cumulative Redeemable Preference Shares, Series 10 on 1 Dec. 2024. After taking into account all conversion notices received from holders of its outstanding Series 9 Shares […]

Ovintiv Inks $2.4bn to Add Core Oil-Rich Montney Assets

(Ovintiv, 14.Nov.2024) — Ovintiv Inc.entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd., in an all-cash transaction valued at approximately $2.377bn (C$3.325bn). Upon closing, the acquisition will add approximately 70 MBOE/d of production (approximately 25 Mbbls/d of oil and condensate), 900 net 10,000 foot equivalent […]

Vizsla Silver to Move to TSX from TXXV

(Vizsla Silver, 1.Nov.2024) — Vizsla Silver Corp. received conditional approval to graduate from the TSX Venture Exchange (TSXV) and list its common shares on the Toronto Stock Exchange (TSX). Final approval of the listing is subject to the company meeting certain customary conditions required by the TSX. Upon receipt of […]

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 the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]

Canada’s Renewable Diesel Projects hit by US Import Surge

(Reuters, 29.Oct.2024) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbia’s LCFS credit market reflects […]

New Gold Announces Commercial Production at New Afton

(New Gold., 29.Oct.2024) — New Gold Inc. announced the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the Rainy River gold mine in Ontario. C-Zone, New Afton’s fourth block cave, achieved commercial production ahead of schedule with the materials handling system coming online […]

Power Nickel CEO Lynch Comments on Lion Zone Drilling Campaign

(Energy Analytics Institute, 28.Oct.2024) — Power Nickel Inc. announced the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery. “Today we announced the biggest intersection we have to date with 39.6 m of 4.19% CuEq. This is incredibly […]

Agnico Eagles Reveals Investment in Apex Resources

(Energy Analytics Institute, 24.Oct.2024) — Agnico Eagle Mines Limited agreed to subscribe for 33,869,939 units of ATEX Resources Inc. in a non-brokered private placement at a price of C$1.63 per unit for total consideration of US$40,000,000 (approximately C$55,208,000).  Each unit consists of 1 common share of ATEX and one-half of […]

Tourmaline and Clean Energy Open CNG Stations in Western Canada

(Tourmaline, 22.Oct.2024) — Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada’s first commercial-grade public CNG fueling network. The new locations in Calgary and Grande […]

Morningstar DBRS Places CNRL’s Credit Ratings Under Review 

(Morningstar DBPS, 8.Oct.2024) — DBRS, Inc. (Morningstar DBRS) placed all credit ratings of Canadian Natural Resources Limited (CNRL or the Company) Under Review with Negative Implications. On 7 Oct. 2024, CNRL announced that it had entered into an agreement with Chevron Canada Limited (Chevron), an indirect subsidiary of Chevron Corporation […]

Chevron Reveals $6.5bn Sale of Interests in Canada to CNRL

HOUSTON, TEXAS (Energy Analytics Institute, 7.Oct.2024) — Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, and a related entity entered into a definitive agreement to sell their 20% percent non-operated interest in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale, and related interests, all located […]

CNRL to Acquire Chevron’s Alberta Assets for $6.5bn

(CNRL, 7.Oct.2024) — Canadian Natural Resources Limited (CNRL) entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited its 20% interest in the Athabasca Oil Sands Project (AOSP), which includes 20% of the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture […]

CNRL Increases Quarterly Dividend

(Energy Analytics Institute, 7.Oct.2024) — The Board of Directors of Canadian Natural Resources Limited (CNRL) agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up compared to the previous quarterly cash dividend of $0.525 per common share, CNRL said 7 Oct. 2024 in an official […]

Chevron Closer to Canadian Divestment Target with $6.5bn Asset Sale to CNRL

(WoodMac, 7.Oct.2024) — Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5bn Mark Oberstoetter, Wood Mackenzie Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week […]

SSR Mining Updates Seabee

(Energy Analytics Institute, 23.Sep.2024) — SSR Mining Inc. informed that Seabee will restart in second half of Oct. 2024. The fire activity has significantly reduced in the direct vicinity of the Seabee operations and is being actively managed. Following the Seabee evacuation on 21 Aug. 2024, a small number of […]

New Gold Comments on Growth Opportunities in Canada

(Energy Analytics Institute, 16.Sep.2024) — New Gold Inc. provided an update on its ongoing exploration program at its New Afton mine in British Columbia, Canada. xemeaino Following successful exploration results at K-Zone earlier this year, exploration drilling in the eastern part of the mine continues to intersect high-grade copper-gold porphyry mineralization, […]

AVAIO Partners with Sunbird Energy for Energy Solutions Across Quebec

(AVAIO, 20.Aug.2024) — AVAIO Digital Partners (ADP), a data center business developing sustainable hyperscale data centers in North America and Europe, is pleased to announce its partnership with one of Quebec’s leading renewable energy developers, Sunbird Energy. The partnership integrates Sunbird’s renewable energy capabilities with ADP’s large scale development project in […]

Silicon Ranch Energizes First Utility-Scale Solar Project in Alberta’s Industrial Heartland

(Silicon Ranch, 15.Aug.2024) — Silicon Ranch, one of the largest independent power producers specializing in solar energy, agrivoltaics, battery storage, and carbon solutions in the U.S., today announced that its Scotford Solar Farm has reached commercial operation near Edmonton, Alberta in Canada. The 58-megawatt (MWAC) facility—the largest behind-the-meter solar project […]

IsoEnergy Generates Six New Drill Targets at Larocque East Project 

(IsoEnergy, 15.Aug.2024) — IsoEnergy Ltd. provided an update on its summer exploration program at the Larocque East Project (the “Project“), located in the eastern AthabascaBasin (Figure 1, main photo). The Company has successfully completed Ambient Noise Tomography (“ANT“) surveys covering an additional 20 km2constituting the remaining eastern extent of the property not […]

Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s

(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]

CNRL’s June 2024 Explanatory Statement

(Energy Analytics Institute, 30.Jun.2024) — Canada’s federal government has passed omnibus Bill C-59, which includes amendments to the Competition Act, resulting in changes to the law around environmental communications, Canadian Natural Resources Limited (CNRL) announced 30 Jun. 2024 in a statement on its website. “There is uncertainty on how this […]

Cedar LNG Announces Positive $4bn FID

(Cedar LNG, 25.Jun.2024) — The Haisla Nation and Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP, announced a positive Final Investment Decision (FID) on the Cedar LNG Project, a floating liquefied natural gas (LNG) (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum […]

GoldMining Defines Prospective Trend in Canada

(Goldmining, 13.Jun.2024) — GoldMining Inc. reported preliminary results from reprocessing, inversion and modeling of historic geophysical surveys on the Rea uranium project (“Rea Project“), Western Athabasca Basin, Alberta, Canada (see Figure 1). The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. The large land package of approximately 125,328 hectares […]

EAI’s NRGBriefs: May 2024

(Energy Analytics Institute, 31.May.2024) — Energy briefs as well as others related to finance and projects during May 2024 including Offshore Technology Conference (OTC) 2024 highlights from Houston, Texas; the government of Trinidad and Tobago receiving a specific 2-yr licence from OFAC to pursue the exploration, production and export of […]