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 […]
Category: North America
North America energy
![Exxon Mobil Reports 4Q:24 Earnings of $7.6bn [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2025/01/drone-source-exxon.png)
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 […]
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 […]
Baker Hughes Eyes 100 MTPA of FIDs in 2024-2026
HOUSTON, TEXAS (Energy Analytics Institute, 30.Jan.2025) — Baker Hughes expects 100 million tonnes per annum (MTPA) of final investment decisions (FIDs) between 2024-2026, according to the company’s chairman and CEO Lorenzo Simonelli. This level of activity would increase global capacity and supports Baker Hughes’s long-standing forecast of 800 MTPA by […]
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 […]
US Upstream M&A Deals Reach $105bn in 2024
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 29.Jan.2025) — Enverus subsidiary Enverus Intelligence® Research (EIR), said upstream merger & acquisition (M&A) deals closed in the US reached a value of $105bn in 2024, the third highest total tracked by Enverus. This value only trailed a record-setting $192bn in 2023. […]
Core Laboratories Eyes 2025 Strategic Plan with Constructive Long-term Outlook
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — In 2025, Core Laboratories plans to continue to execute its strategic plan of technology investments targeted to both solve client problems and capitalize on its growth opportunities. Core said a cautious near-term approach was adopted by operators in the back half […]
DEEP and SLB to Develop Canada’s First Next-Generation Geothermal Project
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — DEEP Earth Energy Production Corp. revealed a strategic collaboration with SLB aimed at development of Canada’s first next-generation geothermal project, located in southeast Saskatchewan. With the feasibility phase now complete, the project is set to produce up to 30 MW of […]
EAI reveals 2025 editorial calendar and SPAD opportunities
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025, Words: 570) — Energy Analytics Institute (EAI), formerly LatinPetroleum.com, revealed its editorial calendar for 2025, which offers sponsorship and advertising (SPAD) opportunities to companies interested in the energy sectors in the Latin America and Caribbean (LAC) region in particular and the global […]
Hess Reports Massive 52% Increase in Net Guyana Production
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Jan.2025) — Hess Corporation reported net oil production offshore Guyana in the Stabroek Block of 195,000 barrels per day (b/d) in the fourth-quarter 2024 (4Q:24), compared with 128,000 b/d in the 4Q:23. The higher production was primarily due to start-up of Payara, […]
W&T Offshore Closes $350mn Senior Second Lien Notes OfferingÂ
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — W&T Offshore, Inc. closed its previously announced offering of $350mn on 28 Jan. 2025 for an aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 at par. The transaction was a private offering exempt from registration under the Securities […]
Vermilion Prices $400mn Senior Unsecured Notes
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Vermilion Energy Inc. announced the pricing of its previously announced private offering of up to $400mn of 8-year senior unsecured notes. The new notes will have a maturity date of 15 Feb. 2033 and a fixed coupon of 7.250% per annum, […]
Chevron, Engine No. 1 and GE Vernova to Power US Data Centers
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Engine No. 1 — an investment firm that builds and invests in companies that are driving the reindustrialization in the US — and Chevron U.S.A. Inc. formed a partnership to build a new company to develop scalable, reliable power solutions for US […]
Frontera Completes Additional Substantial Issuer Bid
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Frontera Energy Corporation has taken up and paid for 3,500,000 of its outstanding common shares at a price of CDN$12 per share. This is under an additional substantial issuer bid pursuant to which Frontera offered to purchase from shareholders for cancellation […]
Lucid Reveals NACS Fast Charging Network for EVs
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Lucid Group, Inc., a maker of electric vehicles, announced details about the Lucid Gravity’s highly innovative powertrain and charging technology that set it apart as both a daily driver and a road trip vehicle, including a NACS charging port for easy […]
Prosperity Works and Chaberton to Develop Over 28 MW of New Mexico Solar
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Seizing on the newly open community solar market in New Mexico, Prosperity Works and Chaberton Energy started development on 1 project, with 4 additional projects awaiting approval. The 2 organizations have aligned on community solar development based on shared values of […]
Nucor Reports Net Earnings of $287mn in the 4Q:24
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Jan.2025) — Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $287mn, or $1.22 per share diluted, in the fourth-quarter 2024 (4Q:24) compared to $250mn, or $1.05/share diluted, in the 3Q:24. Excluding non-cash impairment charges taken during the quarter, Nucor’s 3Q:24 […]
Port of Corpus Christi Moved 206.5mn Tons in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 27.Jan.2025) — The Port of Corpus Christi and its customers moved 206.5mn tons through the Corpus Christi Ship Channel in 2024. The tonnage is a new high mark driven by increases in crude oil and dry bulk commodities, including agricultural products, the […]
Kuva Systems Awarded $5mn Contract with US DOE’s MERP
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 24.Jan.2025) — Kuva Systems was awarded a $5mn contract with the US Department of Energy‘s (DOE) Methane Emissions Reduction Program (MERP). The agreement supports Kuva in refining and demonstrating its cutting-edge remote emissions investigation system across 175 oil and gas sites in the […]
Nature’s Miracle Inks Order for Up to 2,000 EVs in Colombia
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Jan.2025) — Nature’s Miracle Holding Inc. announced the receipt of a purchase order from the National Transport Chamber of Colombia to introduce electric vehicles in the Colombian market. The purchase order, facilitated by Ricardo Virviescas, President of the country of Colombia’s National Transport […]
Chevron Boasts First Oil at Future Growth Project in Kazakhstan
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — Chevron Corporation‘s 50% owned affiliate Tengizchevroil LLP (TCO) started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. FGP is the third processing plant in operation at the Tengiz oil field, Chevron said 23 […]
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 […]
Ovintiv Closes $2bn Uinta Asset Divestment to FourPoint Resources
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 22.Jan.2025) — Ovintiv Inc. closed a previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC for $2bn. “The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our […]
Woodside Reports 3.6% Rise in Production in 2024 Driven by Sangomar Offshore Senegal
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 22.Jan.2025) — Woodside Energy reported record full-year production of 194 million barrels of oil equivalent or MMboe (530 Mboe/d) in 2024, at the top end of the Australian company’s production guidance range. This is up 3.6% compared to 187 MMboe (513 Mboe/d) […]
New Fortress Inks GSA with Energiza in Puerto Rico
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — New Fortress Energy Inc. (NFE) executed a 20-year gas supply agreement with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico. The power plant is adjacent to NFE’s existing San Juan […]
NASA Awards Logistics, Metrology Support Services Contract
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — Houston-based NASA awarded a small business set-aside contract to Apache Innovations JV of Albuquerque, New Mexico, to provide logistics, and related support services to NASA’s Glenn Research Center in Cleveland. The Glenn Logistics and Metrology (GLAM) contract is a cost-plus-fixed-fee contract with […]
Sheinbaum Says Name of Mexico’s Gulf of Mexico Remains the Same
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo said that US President Donald Trump’s remarks regarding changing the name of the Gulf of Mexico doesn’t change the name to be used by Mexico, which is still the Gulf of Mexico. Sheinbaum, speaking 21 Jan. […]
Donald Trump US Presidential Inauguration Speech: Transcript 20 Jan. 2025
WASHINGTON, DC (The White House, 20.Jan.2025) — The 47th president of the US, Donald Trump, was inaugurated on 20 Jan. 2025. During his speech, Trump said he would: “revoke the electric vehicle mandate,” change the name of the Gulf of Mexico to the Gulf of America, take back the Panama […]
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. […]
‘Drill Baby Drill’: Expanding US Supply
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Jan.2025) — Pro-infrastructure and pro-oil policies have the potential to significantly boost industry efficiency, according to US Energy Development Corporation EVP Matthew Iak. “By reducing barriers and fostering a more supportive regulatory environment, these policies enhance operational capabilities, streamline processes, and promote sustainable […]
Houston Prepares for Below Freezing Weather
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 18.Jan.2025) — Residents around the so-called energy capital of the world, Houston, are preparing for below freezing weather that could linger around for 4-5 days, the National Weather Service (NWS) said 18 Jan. 2025 in statements on its website. Temperatures in Houston are […]
LatAm NRG Heard: Mexico 2nd Energy Sector Laws, Drill Baby Drill’s Return
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 17 Jan. 2025. —Argentina: The gov’t of president Javier Milei is starting the privatization process for Argentina’s national highways and routes.
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IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — The International Monetary Fund (IMF) projects global growth at 3.3% both in 2025 and 2026, below the historical (2000–2019) average of 3.7%. Within Latin America and the Caribbean, Brazil is projected to grow 2.2% in both 2025 and 2026, while Mexico, the […]
UK-based bp to reduce workforce by 5%, says The Wall Street Journal
HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institute, 16.Jan.2025, Words: 132) — In a cost-cutting move, bp looks to cut 4,700 internal positions, which represent around 5% of its workforce, The Wall Street Journal reported. bp also looks to cut 3,000 contractor positions, the WSJ reported 16 Jan. 2025.
US Treasury Releases Guidance on Clean Energy Credits
WASHINGTON, DC (US Department of the Treasury, 16.Jan.2025) — Today, the US Department of the Treasury and Internal Revenue Service (IRS) are releasing additional guidance on the Inflation Reduction Act’s domestic content bonus for Clean Electricity Production and Investment Tax Credits. The domestic content bonus boosts American manufacturing of iron, steel, […]
Arkansas Lithium Project Finalizes $225mn US DOE Award
(Editors at Energy Analytics Institute, 16.Jan.2025) — The US Department of Energy (DOE) finalized a $225mn grant for the South West Arkansas (SWA) lithium project as proposed by Equinor and Standard Lithium. The funding is from the DOE’s Office of Manufacturing and Energy Supply Chains and will support construction of […]
FACT SHEET: Mineral Extraction from Brines
(Editors at Energy Analytics Institute, 16.Jan.2025) — Direct Lithium Extraction (DLE) is a method of producing lithium from lithium-rich saltwater typically from deep underground reservoirs which cannot be used for drinking or agriculture purposes. In the process, lithium is separated from other brine constituents, like sodium, calcium and magnesium, by […]
Trinity Gas Storage’s East Texas Facility Comes Online
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Independent gas storage company Trinity Gas Storage, LLC commenced operations of Phase I at its state-of-the-art 24 billion cubic feet (Bcf) gas storage facility in East Texas. The facility reached operational status 16 months from final investment decision (FID), Trinity announced […]
Formation Metals Acquires N2 Property in Quebec’s Casa Berardi Gold Trend
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Formation Metals, a North American mineral acquisition and exploration company, executed an option dated 15 Jan. 2025, for the right to purchase an undivided 100% interest in the N2 property from Wallbridge Mining Company Limited. The deal is subject to the approval […]
A Delayed Energy Transition and the Upstream Sector
LONDON, ENGLAND (Woodmac, 16.Jan.2025) — As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. But meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices and significant shifts […]
Venezuela’s Maduro Says Oil Sector of OPEC Country Grew 14% in 2024
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Venezuela’s president Nicolás Maduro Moros said his country’s petroleum sector grew 14% in 2024 amid ongoing US sanctions aimed at toppling his government. “The petroleum sector with its own lungs, its own technology, its own capital, grew 14% and surpassed […]
Uranium Energy Boosts Holdings in Anfield Energy
(Editors at Energy Analytics Institute, 15.Jan.2025) — Uranium Energy Corp. completed the acquisition of 107,142,857 common shares of Anfield Energy Inc. on 15 Jan. 2025 for a total consideration of $10.46mn (CDN$15mn Canadian dollars). The acquisition was completed pursuant to a subscription agreement between both companies whereby Uranium subscribed for […]
Ecopetrol to Temporarily Reduce Conversion Cost of Purchase and Sale ADRs by 50%
(Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Bogota-based Ecopetrol reached an agreement with JPMorgan Chase Bank N.A., the depositary bank of its American Depositary Receipts (ADR) program, to reduce 50% of the conversion cost for the purchase and sale of ADRs in the US. The measure is temporary and is […]
Talos finds commercial hydrocarbon quantities at Katmai West #2 in the US GOM
BATON ROUGE, LOUISIANA (BY Steve Stewart, Energy Analytics Institute, 15.Jan.2025, Words: 401) — Houston-based Talos Energy Inc. said the Katmai West #2 well located in the Ewing Bank area of the US Gulf of Mexico (GOM) successfully encountered commercial quantities of crude oil and natural gas. Katmai West #2 well […]
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 […]
Canada Nickel Awarded $0.5mn to Advance Nickel Processing Facility in OntarioÂ
(Editors at Energy Analytics Institute, 15.Jan.2025) — Canada Nickel Company Inc. has been awarded $500,000 from the government of Ontario’s Critical Minerals Innovation Fund (CMIF) to support the development of its nickel processing facility through its wholly owned subsidiary, NetZero Metals Inc. The commitment reinforces Ontario’s commitment to building a […]
Well Done Foundation to Plug Over 110 Orphan Wells Starting in 2025
(Editors at Energy Analytics Institute, 15.Jan.2025) — Well Done Foundation (WDF), a national nonprofit whose mission is to plug orphaned oil and gas wells across the US, entered into a collaboration between the US Fish and Wildlife Service (USFWS), Well Done New Mexico LLC (WDNM) and WDF, in an effort […]
AWS to Create LatAm Digital Region in Mexico, Invest $5bn in Querétaro
(Fidencio Casillas, Energy Analytics Institute, 14.Jan.2025) — Amazon Web Services (AWS) plans to invest $5bn in QuerĂ©taro state in Mexico. The decision will generate over 7,000 employment opportunities each year, according to Mexico’s Economy Secretary Marcelo Ebrard. AWS’ investment in Mexico in 15 years will contribute $10bn to Mexico’s gross […]
Claudia Sheinbaum’s Plan Mexico contemplates a $277bn investment portfolio
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 13.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo presented ‘Plan Mexico’ on 13 Jan. 2025. The plan is a vision of national development today and in the future. Sheinbaum specified that the goals of the plan are “ambitious, clear and long-term” and require […]
US 8th LNG Export Terminal Plaquemines LNG Ships First Cargo
(Editors at Energy Analytics Institute, 13.Jan.2025) — Plaquemines LNG, the US 8th liquefied natural gas (LNG) export terminal, shipped its initial cargo on 26 Dec. 2024 just after achieving first LNG production in mid-Dec. 2024. Plaquemines LNG is 1 of only 2 US LNG export terminals to start producing LNG […]