(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 […]
Category: USA
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) […]
LNG to Add $1.3tn to US Economy Through 2040: US Chamber of Commerce
(US Chamber of Commerce, 17.Dec.2024) — US Chamber of Commerce Senior Vice President of Policy Marty Durbin today issued the following statement regarding the Biden Administration’s report on LNG exports and a new Chamber-supported S&P Global study that provides a comprehensive analysis of the benefits of LNG. “LNG exports are […]
CPKC Completes Laredo-Nuevo Laredo Railway Bridge
(Fidencio Casillas, Energy Analytics Institute, 17.Dec.2024) — Canadian Pacific Kansas City (CPKC) completed construction of the new international railway bridge span over the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. Completion of the project more than doubles the capacity to move freight through the border at the largest international […]
US DOE Completes Update of LNG Study
(Energy Analytics Institute, 17.Dec.2024) — The US Department of Energy (DOE) completed an update of studies that inform its public interest determination around LNG export applications to non-Free Trade Agreement Countries (non-FTA), a requirement authorized by Federal Law. The DOE has been given the responsibility by Congress under the Natural […]
Phillips 66 to Divest Gulf Coast Express for $865mn
(Steve Stewart, Energy Analytics Institute, 16.Dec.2024) — Phillips 66 entered into a definitive agreement to divest DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865mn, subject to […]
Plaquemines LNG Achieves First LNG Production in Louisiana
(Energy Analytics Institute, 14.Dec.2024) — Venture Global achieved first LNG production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana. Venture Global said 14 Dec. 2024 in an official statement that teaching this milestone for a 20 million tonnes per annum (mtpa) nameplate capacity project 30 months after taking […]
CNOOC Divests US GOM Business to INEOS Energy
(Steve Stewart, Energy Analytics Institute, 14.Dec.2024) — Multinational chemical company INEOS Energy acquired the US Gulf of Mexico (GOM) business held by CNOOC Energy Holdings U.S.A. Inc., a US subsidiary of CNOOC International Limited. The deal boosts INEOS’ production globally to over 90,000 barrels of oil equivalent per day (boe/d), […]
LatAm NRG Heard: Milei’s Popularity, ECA’s early-2026 Start-up, Saguaro Energía
HOUSTON, TEXAS (Energy Analytics Institute, 13.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 13 Dec. 2024. —Argentina: Argentina’s president Javier Milei maintains strong popularity 1 yr into his presidency as the Argentine peso has appreciated, inflation has fallen and foreign/domestic investors in the […]
US piped-gas exports to Mexico up 5% week-over-week
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 12.Dec.2024) — US piped exports of natural gas to Mexico averaged 6.4 billion cubic feet per day (Bcf/d) in the week ended 11 Dec. 2024, up week-over-week and year-over-year, according to data published by the US-based Energy Information Administration (EIA). US piped-gas […]
Shell Announces FID for Silvertip Phase 3 in US GOM
(Energy Analytics Institute, 12.Dec.2024) — Shell plc subsidiary Shell Offshore Inc. announced a final investment decision (FID) on the Phase 3 Silvertip project in the US Gulf of Mexico (GOM). The project will deliver two wells to boost production at the Shell-operated Perdido spar, Shell announced 12 Dec. 2024 in […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
ExxonMobil reveals 2030 corporate plan, eyes Capex of $27bn-$29bn in 2025
SPRING, TEXAS (ExxonMobil, 11.Dec.2024) — ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. The plan reflects the company’s strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition markets, today released their 2025 energy outlook. As the calendar turns to 2025, there is more uncertainty in energy markets heading […]
GreenPower gets follow-on order for all-electric vehicles
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 11.Dec.2024, Words: 238) — GreenPower Motor Company Inc. received a follow-on order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI). TCI will upfit the EV Star Cab & Chassis with a body that meets the needs of their […]
DCPS Debuts 23 New Electric School Buses in Florida
(Chad Archey, Energy Analytics Institute, 10.Dec.2024) — Dixie County Public Schools (DCPS) announced the deployment of 23 new electric school buses, making it one of the largest electric school bus fleets in Florida. DCPS has acquired 23 brand-new electric buses to replace a portion of its existing fleet of 37 […]
Shell Awards Sparta Contract to GATE Energy
(Steve Stewart, Energy Analytics Institute, 9.Dec.2024) — GATE Energy has been awarded the commissioning management and execution contract from Shell Offshore, Inc. for the Sparta semi-submersible project. “The all-electric topside compression technology represents a significant step forward for sustainability in offshore operations, and we look forward to ensuring its successful […]
QatarEnergy CEO Al-Kaabi on US-Qatari Friendship, Golden Pass LNG
(QatarEnergy, 7.Dec.2024) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar stands in total support of the concept of the European Union’s (EU) Corporate Sustainability Due Diligence Directive (CS3D), and of the desire to protect and uphold […]
Energy Transfer Reaches $2.7bn FID on Hugh Brinson Permian Pipeline
(Energy Analytics Institute, 6.Dec.2024) — Dallas-based Energy Transfer LP reached a positive $2.7bn final investment decision (FID) for the construction, in two phases, of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The project is backed by long-term, fee-based commitments with strong investment […]
Höegh Evi Transfers Ownership of FSRU Independence to KN Energies
(Energy Analytics Institute, 6.Dec.2024) — Höegh Evi officially transferred ownership of the floating storage and regasification unit (FSRU) Independence to KN Energies and the Republic of Lithuania. The transfer marks a significant milestone in the nation’s energy development. The FSRU was commissioned by Lithuania in 2014 and was engineered with […]
LatAm NRG matters: USMCA review slated for 2026, Mexico US piped-gas imports
MEXICO CITY, MEXICO (By Energy Analytics Institute, 6.Dec.2024, Words: 652) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 6 Dec. 2024. —Argentina: The Minister of Energy of Neuquén met w/ large oil cos. to advance the infrastructure agenda for the Vaca Muerta shale formation […]
Houston-based NASA Continues with Space Exploration
(NASA, 6.Dec.2024) — With a look back at 2024, NASA is celebrating its many innovative and inspiring accomplishments this year including for the first time, landing new science and technology on the Moon with an American company, pushing the boundaries of exploration by launching a new mission to study Jupiter’s […]
CryoSys Eyes 7.2 mtpa Export Facility on Texas Gulf Coast
(Energy Analytics Institute, 5.Dec.2024) — CryoSys LLC entered into an deal with PIC Americas to deliver advanced pretreatment and liquefaction solutions to PIC Americas planned development of a liquefied natural gas (LNG) export facility with a minimum export capacity of 7.2 million tonnes per annum (mtpa). The facility is designed […]
Mitsubishi Invests in Heirloom’s Carbon Technologies
(Energy Analytics Institute, 5.Dec.2024) — Mitsubishi Corporation made a significant investment in Heirloom Carbon Technologies, Inc. and a Direct Air Capture (DAC) facility. The announcements comes as Heirloom completed its＄150mn fundraising round. This strategic investment reflects Mitsubishi’s commitment to exploring direct participation in future DAC projects being developed by Heirloom, […]
Chevron Eyes Capex of $14.5bn-$15.5bn in 2025
(Energy Analytics Institute, 5.Dec.2024) — Chevron Corporation eyes organic capital expenditure (Capex) of between $14.5bn-$15.5bn for its consolidated subsidiaries in 2025. In terms of affiliate Capex, the company eyes between $1.7bn-$2bn in 2025. The California-based company’s 2025 Capex and affiliate Capex represent a $2bn year-over-year reduction, the company announced 5 […]
Urano Finishes Purchase of Uranium Properties in the US
(Urano, 5.Dec.2024) — Urano Energy Corp. completed the acquisition of fifteen uranium properties. The properties, with a total of 345 claims covering 8,200 acres, or 33 km2, are situated within the Colorado Plateau geological region within the states of Utah and Colorado. Fourteen of these properties have a history of […]
Producers Midstream II Secures $400mn from Various Banks
(Energy Analytics Institute, 4.Dec.2024) — Producers Midstream II, LLC has secured an expanded $400mn credit facility led by Texas Capital Bank, Bank of Oklahoma, Cadence Bank, US Bank, and Wells Fargo Bank. The credit facility will provide ample capacity to fund development projects across both their existing asset base in […]
TotalEnergies to Divest 50% of Texas Renewable Portfolio
(Ian Silverman, Energy Analytics Institute, 4.Dec.2024) — TotalEnergies signed an agreement with funds managed by Apollo related to the divestment of 50% of a project portfolio comprising of 2 GW of solar and battery energy storage systems (BESS) in Texas. The deal will provide TotalEnergies with $800mn in cash. This […]
Solar Magazine Names Escalante Solar Project of the Year
(Energy Analytics Institute, 4.Dec.2024) — Escalante Solar has been named Solar Project of the Year Over 10 MW by Solar Builder Magazine. The annual project of the year awards celebrate the work of construction teams and installers, the creativity of engineers, the leadership of developers and the dedication of so […]
Pacolet Buys 15 MW Anderson Wind Farm in New Mexico
(Energy Analytics Institute, 4.Dec.2024) — Pacolet Milliken, LLC acquired 100% of Anderson Wind Farm from an affiliate of Goldman Sachs Asset Management. Anderson is a 14.95 MW, 8 turbine wind farm in Chaves County, New Mexico. The terms of the transaction were not disclosed, Pacolet, a sustainability-focused, family-owned investment firm, said […]
WoodMac: More US LNG Needed in Asia to Slow Coal Demand
(WoodMac, 3.Dec.2024) — Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas and […]
EAI’s NRGBriefs Nov.2024: GranMorgu iEPCI, Sempra PALNG1, Energy Transfer ammonia hub
HOUSTON, TEXAS (Energy Analytics Institute, 30.Nov.2024) — Energy briefs as well as others related to finance and projects during Nov. 2024 including Woodside Energy saying work on its Trion project offshore Mexico is 15% complete; TechnipFMC being awarded a major iEPCI contract by TotalEnergies for the GranMorgu project on Block […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 29 Nov. 2024
(Energy Analytics Institute, 29.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 29 Nov. 2024. —Argentina: YPF has put Metrogas up on the auction blk, various local media outlets in Argentina report. —Argentina: YPF plans to merge its Argentina LNG project w/ rival’s venture, […]
Ecopetrol Eyes Investing 24tn-28tn Pesos in 2025
(Ecopetrol, 29.Nov.2024) — Ecopetrol S.A. announces that the Board of Directors approved the annual investment budget of the Ecopetrol Group for 2025 for an amount between 24tn and 28tn Colombian pesos, in line with the strategy, this annual budget increases investment levels compared to 2024, under capital discipline criteria and […]
Trump’s 25% tariff to impact GM, Stellantis and Ford
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 27.Nov.2024) — A plan by US president-elect Donald Trump to impose a 25% tariff on Mexican imports into the US would impact three key US automakers — GM, Stellantis and Ford — and result in a massive loss of employment, Mexico’s […]
Aikido on First Floating Offshore Wind Platform
(Energy Analytics Institute, 26.Nov.2024) — Aikido Technologies, Inc., a floating offshore wind technology provider, announced that Chet Morrison Contractors, LLC has completed the fabrication of the Aikido One platform. Morrison, on behalf of Aikido, has performed the final structural assembly of the platform in less than 40 working hours, establishing […]
Sheinbaum Responds to Trump, Comments on Tariff War
(Pietro D. Pitts, Energy Analytics Institute, 26.Nov.2024) — Mexico’s President Claudia Sheinbaum Pardo responded to accusations made by US president-elect Donald Trump about Mexico regarding immigration and fentanyl trafficking. She also responding to Trump’s threats to impose 25% tariffs on imports from Mexico, as well as Canada, while also warning […]
$2mn Carbon Investment Supports Family Ranch in Montana
(The Climate Trust, 25.Nov.2024) — The Climate Trust, a carbon market nonprofit, finalized a $2mn investment alongside Inlandsis Fund, a carbon finance fund, in a pair of grassland conservation carbon projects that span nearly 38,000 acres in Southeast Montana. The investment provides critical funding to support ongoing ranch management activities, […]
Rivian Receives Conditional Commitment for up to $6.6bn
(Rivian, 25.Nov.2024) — American all-electric automaker Rivian Automotive received conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6bn (including $6bn of principal and approximately $600mn of capitalized interest) to accelerate its growth and leadership of electric vehicle […]
Plus Power Battery Project Wins New Mexico Award
(Plus Power, 25.Nov.2024) — Plus Power announced that its 150 MW / 600 MWh Corazon Energy Storage project was awarded a 20-year contract by Public Service Company of New Mexico (PNM), subject to regulatory approvals, in response to the utility’s 2026-2028 Generation Resources Request for Proposals. The RFP was issued in […]
Mexico Alters its Laws and Removes Chinese Parts
(AP, 23.Nov.2024) — Mexico has been taking a bashing lately for allegedly serving as a conduit for Chinese parts and products into North America, and officials here are afraid a re-elected Donald Trump or politically struggling Canadian Prime Minister Justin Trudeau could try to leave their country out of the […]
ConocoPhillips Completes its Purchase of Marathon Oil
(Energy Analytics Institute, 22.Nov.2024) — ConocoPhillips completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” ConocoPhillips chairman and CEO Ryan Lance said 22 Nov. 2024 in an […]
Coterra Rides Permian Consolidation Wave
(East Daley Analytics, 22.Nov.2024) — Coterra Energy (CTRA) is expanding its foothold in the northern Delaware Basin, acquiring assets of Franklin Mountain Energy and Avant Natural Resources in separate agreements valued at $3.95bn. The two deals could put up to 4 rigs in play for midstream companies serving the producers, […]
Southern Power Reveals Expansion at Millers Branch Solar Facility in Texas
(Energy Analytics Institute, 21.Nov.2024) — Southern Company subsidiary Southern Power announced an additional expansion of its 29th solar project — Millers Branch Solar Facility. The Phase III expansion will account for an added 132-megawatts (MW) from the previous Phase I and Phase II expansion of 200 MW and 180 MW respectively. […]
Pennybacker Closes Purchase Miami LNG Business from New Fortress
(Aaron Simonsky, Energy Analytics Institute, 21.Nov.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy. The Miami LNG business is a strategically located liquefaction operation, equipped with one […]
Henry Hub, JKM and TTF Inch Higher
(Energy Analytics Institute, 21.Nov.2024) — The Henry Hub spot price rose 24 cents to $2.34 per million British thermal units (MMBtu) on 20 Nov. 2024 compared to $2.10/MMBtu on 13 Nov. 2024, according to the US-based Energy Information Administration (EIA). The weekly average front-month futures prices for liquefied natural gas […]
“LatAmNRG matters” podcast: Roberto Salinas León on narco candidates, El Chapo [audio]
MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 20.Nov.2024, Words: 148) — Mexico Business Forum head Roberto Salinas León spoke with Pietro D. Pitts—for his Podcast “LatAmNRG Matters”—about Mexico: US-Mexico bilateral trade, the USMCA, El Chapo, a good and bad Petróleos Mexicanos (Pemex), Pemex being the equivalent to a […]
Fact sheet: $18.4bn Rio Grande LNG project and headwinds
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 20.Nov.2024, Words: 250) — Rio Grande LNG (RGLNG) is a LNG export facility located in Brownsville, Texas. At full development RGLNG is expected to deliver 27 million metric tonnes per annum (MTPA) of LNG. The RGLNG proposal will supply a more sustainable […]