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 […]
Category: North America
North America energy
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 […]
Commentary: near-term triggers for ECA, Saguaro Energia, Vista Pacifico and Salina Cruz
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Jan.2025) — Natural gas-short Mexico looks to utilize its proximity to Asia to offer primarily US and Asian LNG developers optionality in placement of their LNG exports facilities outside US territory. Such a move affords them the opportunity to bypass the Panama […]
LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform
(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. —Argentina: Vaca Muerta oil and gas production continues to rise spurring hopes of continued oil and gas exports and soon year round LNG exports
Official Statement: Condemning Nicolás Maduro’s Illegitimate Attempt to Seize Power in Venezuela
(US Department of State, 10.Jan.2025) — US Secretary of State Antony J. Blinken issued a statement regarding the situation in Venezuela, including new actions against Nicolás Maduro and is representatives. Today, Nicolás Maduro held an illegitimate presidential inauguration in Venezuela in a desperate attempt to seize power. The Venezuelan people […]
Official Statement: Multilateral Action Maintains Pressure on Maduro and his Representatives
(US Department of Treasury, 10.Jan.2025) — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning eight Venezuelan officials who lead key economic and security agencies enabling Nicolas Maduro’s repression and subversion of democracy in Venezuela. The individuals sanctioned, pursuant to Executive Order (E.O.) 13692, as […]
Constellation to Buy Calpine in $16.4bn Cash, Stock Deal
(CONSTELLATION, 10.Jan.2025) — Constellation and Calpine Corp. announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4bn, composed of 50mn shares of Constellation stock and $4.5bn in cash plus the assumption […]
Venture Global and Cheniere Energy Seen Ushering in Next US LNG Wave
(Editors at Energy Analytics Institute, 10.Jan.2025) — A long-awaited wave of new LNG demand is coming into view from 2 Gulf Coast projects, Venture Global and Cheniere Energy, according to East Daley Analytics. For its part, Venture Global announced on 26 Dec. 2024 that the first commissioning cargo from Plaquemines LNG […]
Kimmeridge Texas Gas Prices $500mn Notes at 8.50%
(Editors at Energy Analytics Institute, 9.Jan.2025) — Kimmeridge Texas Gas (KTG) successfully priced its inaugural $500mn senior unsecured notes offering at 8.50%. Net proceeds from the offering will go to repay a portion of the company’s outstanding revolver borrowings and to further ongoing initiatives as the company seeks to deliver […]
Shell Starts Production in US GOM at 100,000 boe/d Whale Development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 9.Jan.2025) — Shell plc subsidiary Shell Offshore Inc. announced the start of production at the Shell-operated Whale floating production facility in the Gulf of Mexico (GOM). Whale replicates the simplified, cost-efficient host design of the Vito platform, which began production in early 2023. […]
Top 10 US Public Onshore Producers Produced 11.617 MMboe/d in the 1H:24
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Jan.2025) — The top 10 US public onshore producers produced an average 11.617 million equivalent barrels of oil per day (MMboe/d) in the first-half 2024, according to a report published by Enverus. Companies in the top 10 include: ExxonMobil, Expand Energy, Occidental Petroleum, […]
Venezuelan Armed Forces to treat plane carrying Edmundo as “a foreign force”: RodrĂguez says
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 8.Jan.2025, Words: 347) — Venezuelan soldiers have an order to treat the aircraft that aims to reach Venezuela with Edmundo González Urrutia as “a foreign force that tries to invade an air, maritime or land territory,” the online newspaper El Mundo reported on […]
WoodMac: Key Upstream Things to Look for in 2025
(WoodMac, 8.Jan.2025) — Improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns, setting 2025 up to be a year of mixed messages. Wood Mackenzie recently released the Global Upstream: 5 things to look for in 2025 report. Key themes to watch for […]
Mexico’s sovereignty not to be sacrificed in efforts with US to fight against fentanyl usage
MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 7.Jan.2025, Words: 249) — Mexico’s President Claudia Sheinbaum Pardo said her country would do its part to assist the US in the its fight against high opioid and fentanyl consumption but not at the expense of the Latin American country’s sovereignty. […]
Canada Nickel Inks Deal to Create ExploreCo, Consolidate Crawford Surface Right
(Editors at Energy Analytics Institute, 7.Jan.2025) — Canada Nickel Company Inc. inked 2 definitive agreements on 6 Jan. 2025 – the previously announced transaction with Noble Mineral Exploration and another with the primary surface rights holder in Crawford and surrounding townships to secure access to 32,000 acres of surface rights […]
Goldman Traders Finally Reap Windfall on Freak Mexico Gas Trade
NEW YORK, NEW YORK (Michael O’Boyle and Sridhar Natarajan, Bloomberg, 7.Jan.2025) — Goldman Sachs Group Inc. is set to rake in winnings almost four years after a trade that swung in its favor following a Texas cold snap that upended markets. The Wall Street powerhouse was locked in a contentious […]
APA Corporation Eyes Private Notes Offering for Senior Notes Due in 2035 and 2055
(Editors at Energy Analytics Institute, 7.Jan.2025) — APA Corporation announced plans to offer a series of senior notes due 2035 and a series of senior notes due 2055 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. Net proceeds from […]
May Mobility Unveils Autonomous EV with Tecnobus
(Editors at Energy Analytics Institute, 7.Jan.2025) — May Mobility, an autonomous vehicle (AV) technology company, extended its portfolio of AV use cases at CES 2025 through a partnership with Tecnobus, an established European electric minibus manufacturer. The partnership introduces a new autonomous minibus platform, allowing May Mobility to offer further […]
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Phillips 66 Announces $2.2bn EPIC NGL Acquisition [PDF Download]
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — Phillips 66 entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids (NGLs) pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of $2.2bn, subject […]
SAExploration Finalizes inApril AS Purchase, Improving Services for Global Seismic Customers
(Editors at Energy Analytics Institute, 6.Jan.2025) — International oilfield services company SAExploration Holdings, Inc. completed the acquisition of Norway-based seabed seismic equipment supplier inApril AS. inApril will operate as a separate business unit of SAExploration and will continue to provide its popular inApril products and technology in support of seismic […]
Talos Energy Interim President and CEO Joseph Mills Resigns with Immediate Effect
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — Talos Energy Inc. interim president, CEO and Board member Joseph A. Mills resigned to pursue other opportunities, with immediate effect. Talos said Mills’s departure is “unrelated to any operational issues or accounting matters,” the company announced 6 Jan. 2025 in an official statement. […]
Excelerate Energy Achieves 3,000th STS LNG Transfer with FSRU Excellence
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — On 28 Dec. 2024, The Woodlands, Texas-based Excelerate Energy, Inc. safely completed its 3,000th LNG ship-to-ship (STS) operation since the start of STS operations in 2007. The milestone was achieved onboard Excelerate’s floating storage and regasification unit (FSRU) Excellence. The vessel received a […]
LatAm NRG heard: Keith Rowley exit, Venture Global IPO
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 3.Jan.2025, Words: 253) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 3 Jan. 2025. —Argentina: Gov’t of president Javier Milei giving full support to Venezuela’s Edmundo González Urrutia as he prepares his return to Venezuela on […]
CNX Comments on Section 45V Hydrogen Production Tax Credit Implementation Guidance
(Editors at Energy Analytics Institute, 3.Jan.2025) — In response to the issuance of final rules regarding the Inflation Reduction Act’s Section 45V Hydrogen Production Tax Credit, CNX Resources Corporation said the following: “The Department of Treasury‘s recognition of captured waste coal mine methane (CMM) as a feedstock for hydrogen production is […]
Nippon and US Steel Call Biden Decision to Block Merger Unlawful
(Nippon and US Steel, 3.Jan.2025) — Nippon Steel Corporation and United States Steel Corporation issued the following statement on US President Joe Biden’s decision to block their proposed transaction. We are dismayed by President Biden’s decision to block Nippon Steel’s acquisition of US Steel, which reflects a clear violation of […]
![EAI’s 4Q:24 NRG Prospector condensed version [emagazine download]](https://energy-analytics-institute.org/wp-content/uploads/2025/03/EAI-4Q24-NRGProspector_h.png)
EAI’s 4Q:24 NRG Prospector condensed version [emagazine 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 […]
Citgo Bidding Opened to Others to Try to Top Elliott Firm
(Jef Feeley, Nicolle Yapur and Andreina Itriago Acosta, Bloomberg, 31.Dec.2024) — A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Judge Leonard Stark ordered the […]
EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2024) — Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing for IPO; Rio Tinto approving $2.5bn to expand the Rincon project in Argentina; ExxonMobil, with the announcement of the Hammerhead and Longtail projects offshore Guyana, […]
PDVSA ad Hoc administrative board reaffirms commitment to safeguard Citgo
(Piero Stewart, Energy Analytics Institute, 30.Dec.2024, Words: 514) — The Ad Hoc Administrative Board of PDVSA reiterated its commitment to the defense of Venezuela’s assets abroad, especially PDVSA’s 807,000 barrel per day (b/d) US refining affiliate Citgo Petroleum Corporation. Horario Medina, the president of Ad Hoc Administrative Board of PDVSA, […]
Cheniere’s CCL Stage 3 Produces First LNGÂ
(Steve Stewart, Energy Analytics Institute, 30.Dec.2024) — Cheniere Energy, Inc. produced liquefied natural gas (LNG) for the first time from Train 1 of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). Cheniere said 30 Dec. 2024 in an official statement that the commissioning process continues. Cheniere expects […]
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.
Borusan to Invest $68mn on Steel Pipe Facility in Panama City
(Chad Archey, Energy Analytics Institute, 27.Dec.2024) — Borusan Pipe will allocate $68mn to enhance its large-diameter steel pipe production facility in Panama City, Florida. This strategic upgrade introduces cutting-edge pipe-forming technology that will elevate Borusan Pipe’s manufacturing capabilities and further strengthen its position in the US steel pipe market, Borusan […]
Arcadium Lithium Shareholders Approve Rio Tinto Deal
(Editors at Energy Analytics Institute, 23.Dec.2024) — Arcadium Lithium plc, a global lithium chemicals producer, obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto announced on 9 Oct. 2024. Arcadium said 23 Dec. 2024 in an official statement that all merger control clearance has been […]
CryoPort LNG CEO to Speak at Micogrid Conference in Dallas
(Energy Analytics Institute, 23.Dec.2024) — CryoPort LNG president and CEO Cem Hacioglu will speak at the Microgrid Knowledge Conference to take place 15-17 Apr. 2025 at the Sheraton Dallas Hotel. Hacioglu’s presentation will highlight CryoPort’s patent-pending Mobile Storage & Regasification Unit (MSRU), which provides a flexible, environmentally conscious fueling solution […]
GoldMining Renews ATM for Share Distribution up to $50mn
(Energy Analytics Institute, 20.Dec.2024) — GoldMining Inc. renewed its at-the-market (ATM) equity program which allows it to distribute up to $50mn (or the equivalent in Canadian dollars) of common shares of the company to the public from time to time, through certain financial agents at the company’s discretion. The offered shares sold […]
Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision
(REUTERS, 20.Dec.2024) — Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former […]
Energy Transfer inks 2 MTPA supply deal with Chevron for Lake Charles LNG project
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 19.Dec.2024, Words: 309) — Energy Transfer LP subsidiary Energy Transfer LNG Export, LLC entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. related to Energy Transfers’ 16.5 million tonnes per annum (MTPA) Lake Charles LNG export project. […]
Tennessee Gas Pipelines Reaches $1.4bn FID on MSX Project
(Steve Stewart, Energy Analytics Institute, 19.Dec.2024) — Kinder Morgan, Inc. subsidiary Tennessee Gas Pipeline, L.L.C. (TGP) will move forward the $1.4bn Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. The MSX Project is designed to move up to 1.5 billion cubic […]
Venture Global’s Plaquemines LNG Receiving Increased Gas Deliveries
(Energy Analytics Institute, 19.Dec.2024) — Venture Global’s second liquefied natural gas (LNG) export plant on the US Gulf Coast, Plaquemines LNG, is receiving increased natural gas deliveries, according to the US-based Energy Information Administration (EIA). Said gas deliveries have been on gradual rise after the Federal Energy Regulatory Commission (FERC) […]