NRG DASHBOARD

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 17.Mar.2025) — Cheniere Energy, Inc. announced that substantial completion of Train 1 at the Corpus Christi Stage 3 liquefaction project (CCL Stage 3) was achieved on 16 Mar. 2025.  Commissioning is complete and Cheniere's engineering, procurement and construction partner, Bechtel Energy, Inc. has ...

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 17.Mar.2025) — Norway's Equinor started production at the Halten East development in the Norwegian Sea, 2 years following approval from Norwegian authorities. "We are starting up Halten East at a time where piped gas from Norway is in high demand and important for ...

HOUSTON, TEXAS (Energy Analytics Institute, 17.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 ...

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 14.Mar.2025) — Mexico's president Claudia Sheinbaum Pardo said she will do what suits Mexico and always for the national interest of Mexico as she seeks dialogue with the government of US president Donald Trump. "We are going to do what suits Mexico ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.Feb.2025) — Ecuador's EP PetroEcuador said a contingency plan has been activated at km 431 of the Transecuatorian Pipeline System (SOTE) in the El Vergel sector in the province of Esmeraldas due to the breakage of the pipeline in the right of way ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.Mar.2025) — LatAm and other NRG highlights, headlines and "heard on the street," for the week ended 14 Mar. 2025 including coverage from CERAWeek by S&P Global with company updates on Argentina's state-owned YPF, ExxonMobil in Guyana, Mexico Pacific Ltd., Sempra Infrastructure in ...

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 14.Mar.2025) — Excelerate Energy, Inc. and a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), Petrovietnam Gas Joint Stock Corporation (PV Gas), signed a Memorandum of Understanding (MOU) to collaborate on securing a reliable and stable supply of liquefied natural gas (LNG) sourced ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.Mar.2025) — Ecopetrol S.A. completed the necessary procedures for the implementation of the Market Maker program for its common stock. This was done with Andes Investment Group Inc., a subsidiary of the Chilean group Larraín Vial, and Valores Bancolombia S.A. Comisionista de ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2025) — New Wave Offshore Energy has been selected to conduct the Marine Warranty Survey (MWS) for ExxonMobil Guyana's $12.7bn Whiptail development in the Stabroek block offshore Guyana. The MWS contract encompasses risk management and safety oversight support for the project, which ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — Rio de Janiero-based Petrobras will pay on 20 Mar. 2025 the second installment of shareholder remuneration relating to the balance sheet of 30 Sep. 2024, based on the shareholder position of 23 Dec. 2024.  This second installment will be paid in ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) —  The government of Guyana announced it is of the view that the Petroleum Agreement and Prospecting Licence for the Corentyne block offshore Guyana held by joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corporation are "at an end." The ...

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 ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 12.Mar.2025) — Aris Mining Corporation, which operates 2 underground gold mines in Colombia: the Segovia operations and the Marmato upper mine — which together produced 210,955 ounces of gold in 2024 — is targeting annual production of over 500,000 ounces of gold ...

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 12.Mar.2025) — In the past 5 years, Petrobras said it has paid over R$1.1tn in taxes and Government Take (Gov. Take) in Brazil, an amount that was distributed among the federal government, states, the federal district and municipalities. Petrobras released its Tax ...

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 spanning executive comments from Excelerate Energy, Origem Energia, Equinor, and EQT Corporation, among others. -- Excelerate Energy vice president, government relations and public affairs ...

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 ...

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 ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 11.Mar.2025) — Venezuela's president Nicolás Maduro said average Venezuelan oil production exceeded 1 million barrels per day (MMb/d) in Feb. 2025 and is expected to keep growing in Mar. 2025."All the oil fields in the country will continue to produce, grow and ...

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Mar.2025) — Argentina could be exporting 1 million barrels per day ( MMb/d) in 5 years, Argentina's Minister of Economy Daniel González said during CERAWeek by S&P Global in Houston, Texas. This is in great part due to the prolific Vaca Muerta ...

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 11.Mar.2025) — Petrobras plans to commercialize its natural gas discoveries offshore Colombia using subsea-to-shore installations, which will not require use of a platform, Petrobras executive officer for exploration and production Sylvia Anjos said on 11 Mar. 2025 at CERAWeek by S&P Global ...

HOUSTON, TEXAS (Energy Analytics Institute, 11.Mar.2025) — Energy briefs and highlights from Day 2 of CERAWeek by S&P Global 2025 in Houston, Texas spanning executive comments from Woodside Energy, Petronas, TotalEnergies and ConocoPhillips, among others. -- Woodside Energy CEO and managing director: “We have the conviction that LNG is going ...

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 ...

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 11.Mar.2025) — The American shale revolution, this time in Argentina, is picking up and kicking into high gear, with record-breaking fracking stages in Vaca Muerta over the past months. Industry data shows over 2,000 monthly frac stages, a milestone that solidifies Argentina's ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Mar.2025) — According to a report released by S&P Global Commodity Insights, electricity demand in the US is projected to surge by an unprecedented amount over the coming decade. This rapid growth, driven by a diverse set of factors, signals an extraordinary opportunity ...

PANAMA CITY, PANAMA (Editors at Energy Analytics Institute, 10.Mar.2025) — The 27 Feb. 2025 decision by the US to end Chevron Corporation's license in Venezuela could result in loss of around 300,000 barrels per day (b/d) by year-end 2025, according to Rystad Energy. That’s about 30% of Venezuela’s production of ...

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 spanning executive comments from Aramco, Chevron Corporation, Shell, Cheniere Energy and US Secretary of Energy Chris Wright, among others. — Aramco CEO Amin Nasser touted the Golden ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Mar.2025) — MODS, a provider of intelligent industrial asset management software, secured a 2-year contract with one of the world’s largest industry-leading offshore engineering consultancies. The agreement will see MODS’ new client implement key modules from the MODS Connect software suite to enhance ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Mar.2025) — Rio de Janeiro-based Petrobras said the Drill Stem Test (DST) in the Sirius-2 well, located in deep waters offshore Colombia, 31kms off the coast and at a water depth of 804m and assessed to 100m reservoir interval, demonstrated good productivity ...

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 ...

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 9.Mar.2025) — Energy Analytics Institute (EAI), covering the Latin America and Caribbean energy space now for almost a quarter of a century, announced the launch of a new battery recollection initiative in Mexico City, Mexico during CERAWeek by S&P Global. This, as part ...

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 9.Mar.2025) — Argentina's energy sector is poised to become a major driver of economic growth in the coming years. The South American country is expected to see a strong rise in crude oil and natural gas exports while progressively reducing its reliance ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 7.Mar.2025) — LatAm and other NRG highlights, headlines and "heard on the street," for the week ended 7 Mar. 2025. —Argentina: The divestment of assets by IOCs in Argentina, such as those announced by Norway's Equinor and the US' ExxonMobil Corporation, points to ...

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 7.Mar.2025) — Sempra Infrastructure president Tania Ortiz Mena confirmed ongoing investments in Mexico of $3.550bn from 2 projects in Baja California, Mexico. During the construction phases, the 2 projects have generated 18,750 direct and indirect employment opportunities, Ortiz said 7 Mar. 2025 ...

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 7.Mar.2025) — Argentina's National Gas Regulatory Entity (ENARGAS) said that due to extreme weather conditions in Bahía Blanca, the General Cerri Plant, operated by Transportadora de Gas del Sur S.A. (TGS), was shuttered. The decision to halt operations generated a reduction in ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.Mar.2025) — The executive board Rio de Janeiro-based Petrobras approved the termination of the divestment project related to 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO). Petrobras, through PECOCO ...

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 7.Mar.2025) — In 2024, Argentina's state-owned oil and gas company YPF strengthened its leadership in the Vaca Muerta shale play, achieving significant growth in production, exports, and unconventional oil reserves.  The Buenos Aires-based company closed 2024 with impressive results. In 2024, YPF boasted ...

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 ...

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 — ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Guyana has requested the International Court of Justice (ICJ) indicate provisional measures in the case concerning the Arbitral Award of 3 Oct. 1899, also known as Guyana v. Venezuela. On 6 Mar. 2025, Guyana filed a request in the ICJ ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 6.Mar.2025) — G Mining Ventures Corp. commenced site preparation activities at its Oko West gold project in Guyana, marking a major step forward in the project's development. With the Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA) already in hand, ...

RIO NEGRO, ARGENTINA (Camilo Ciruzzi, Energy Analytics Institute, 6.Mar.2025) — GeoPark Limited made a strategic move into Argentina's Vaca Muerta shale play, reinforcing its commitment to unconventional resource development. GeoPark's financial report for 2024 highlights the acquisition of 4 hydrocarbon blocks in the region, signaling a significant step in its ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Touchstone Exploration Inc. said its gross 1P reserves reached 29,070 thousand barrels of oil equivalent (Mboe) in 2024, down 14% compared to 2023, while its gross 2P reserves reached 50,063 Mboe in 2024, down 26% compared to 2023. Touchstone said ...

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 6.Mar.2025) — Brava Energia's Board of Directors has defined the scope of the possible divestment of the company's onshore and shallow water assets, which will be limited to fields located in the state of Bahia. Brava remains in negotiations and in the ...

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 ...

LONDON/HOUSTON/SINGAPORE (Wood Mackenzie, 6.Mar.2025) — To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels and 2 batteries of storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 10.8 ...

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 ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Mar.2025) — The Colombian Ministry of Environment completed the public consultation process initiated in Nov. 2024 in respect to the resolution establishing a Temporary Reserve Area (TRA) in the Santurbán region of the Santander Department, where Aris Mining Corporation's Soto Norte project ...

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 5.Mar.2025) — Ecopetrol S.A. announced the resignation of Dr. Edwin Palma Egea, which was submitted today to the Board of Directors and effective as of 6 Mar. 2025. As a result, the Board of Directors appointed Ms. Angela María Robledo Gómez to replace ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Avinor and the Civil Aviation Authority entered a collaboration to establish Norway as an international test arena for zero- and low-emission aviation in Apr. 2024 on 4 Mar. 2025, the first formal agreement for demonstration flights was signed at Bergen Airport, ...

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 ...

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 5.Mar.2025) — The UK is at the start of an exciting new chapter devoted to the vital energy transition which integrates the North Sea's carbon capture, hydrogen, wind and oil and gas resources. The global climate crisis demands the "transition happens at pace ...

MEXICO CITY, MEXICO (Reuters, 5.Mar.2025) — President Donald Trump's across-the-board tariffs on goods from Mexico have not only left President Claudia Sheinbaum politically unscathed from likely economic damage but may strengthen her hand as Mexicans rally against perceived unfair treatment. Mexico's economy is undoubtedly vulnerable to a trade war. Trump's ...

LONDON/HOUSTON/SINGAPORE (WoodMac, 5.Mar.2025) — Wood Mackenzie's latest report on the South American solar PV market reveals that the region will add 160 GWdc of solar capacity between 2025 and 2034, driven by diversification efforts, growing power demand, and favourable system economics. The report "South America Solar PV Market Outlook 2025" ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the "Mistral Sør" exploration well in the Halten area, situated in the southern part of the Norwegian Sea. Preliminary estimates indicate the discovery contains 3-7 million standard ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — The Desalination Latam Recognition Ceremony 2025 will celebrate the most outstanding contributions in desalination, sustainability, and innovation across Latin America. Held as part of the 7th International Conference and Exhibition Desalination Latin America 2025, this prestigious event will bring together industry ...

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 ...

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 4.Mar.2025) — Mexico's president Claudia Sheinbaum Pardo plans to announce tariff and non-tariff actions Mexico will carry out in response to the unilateral decision of US president Donald Trump to impose 25% tariffs on Mexican exports, despite the existence of a trade agreement ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Ecopetrol announced its proposal for the distribution of 2024 earnings, which has been approved by its board of directors, and is intended to be submitted for the consideration of the general shareholders' Meeting to be held on 28 Mar. 2025. The ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — Venezuela's President Nicolás Maduro ordered activation of the "Absolute Productive Independence Plan" aimed to assist the country maintain its hydrocarbon sector and underlining economic growth. This, after the US Office of Foreign Assets Control (OFAC) issued General License 41 (GL41A) ...

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 — ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Reset Energy has been awarded the design and fabrication of a 250 million standard cubic feet per day (MMscf/d) Nitrogen Rejection Unit (NRU) in the Permian Basin.  This large-scale project will provide industry-leading nitrogen rejection capabilities while supporting the operator's goals ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Xodus, a global energy consultancy, acquired Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects. The acquisition will allow Xodus to advise on projects from generation to demand. The additional capability will allow integrated advice on ...

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 ...

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 3.Mar.2025) — Energy Analytics Institute (EAI), covering the Latin America and Caribbean energy space now for almost a quarter of a century, announced it will again attend CERAWeek by S&P Global. CERAWeek takes place in Houston, Texas, the city that is dubbed the ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Mar.2025) — EnerMech, which specializes in integrated solutions for complex projects around the world, has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore's subsidiary in Guyana. The FPSO or floating production storage ...

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Mar.2025) — 4 Venezuelan joint ventures (JVs) of US-based Chevron Corporation were producing an average 242,000 barrels per day (b/d) in late-Feb. 2025, according to state-owned Petróleos de Venezuela (PDVSA) documents seen by Energy Analytics Institute (EAI). Such production represents 27% of ...

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 ...

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 1.Mar.2025) — Mexico's president Claudia Sheinbaum Pardo inaugurated the Salamanca Combined Cycle Central of the Federal Electricity Commission (CFE) in Guanajuato. The plant will contribute 927 megawatts (MW) to the National Electricity System and benefit an estimated 5 million people in the ...

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GEORGETOWN, GUYANA (AP, 1.Mar.2025) — Guyana’s President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil deposit being developed by ExxonMobil. In a televised address, Ali said Guyana was hurriedly notifying all of its international allies, including the ...

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 ...

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 ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Paratus Energy Services Ltd. launched an offer to buy back its own shares for an amount in NOK equivalent to $20mn. Parts has engaged ABG Sundal Collier ASA to assist with the offer, the Bermuda-based company announced 28 Feb. 2025 in ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Italy's Eni SpA and Malaysia's national oil company Petronas announced plans to combine select upstream assets from their Indonesia and Malaysia portfolios to form a new, standalone and self-funded joint venture (JV).  The JV is expected to have some 3 billion ...

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 28.Feb.2025) — Mexico's Security, Energy and Environment Agency (ASEA by its Spanish acronym) reports that the Saguaro Energía LNG project in Baja California currently has 5 judicial actions against it that continue to follow their legal course. As a result, it's still not ...

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 ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Moody's reported the results of its periodic review of Ecopetrol S.A. on 24 Feb. 2025 of the company's rating, maintaining its global credit rating at Ba1 with a stable outlook. Similarly, the individual rating remains at b1, Ecopetrol announced 27 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — HD Hyundai executive vice chairman Chung Kisun emphasized his commitment to building an integrated, optimized, and automated future shipyard that minimizes human intervention, highlighting the company's intention to actively leverage technologies from global tech companies.  To achieve this, HD Hyundai is ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Ecuador's national government is backing several projects to improve electrical infrastructure in the province of Zamora Chinchipe, which will benefit 5,340+ inhabitants of El Pangui.  Work on a 3-phase medium voltage line, developed in the sectors 20 de Agosto and ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — Eco Atlantic is preparing to drill an exploration well offshore Guyana in the Orinduik Block in 2025-2026. Eco operates the block with a 100% working interest and is actively engaged in farmout process to drill a well with potential partners into ...

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 ...

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 ...

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 ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — The Board of Directors of Petrobras authorized the submission to the Annual General Meeting (AGM), scheduled for 16 Apr. 2025, of the proposal for the distribution of dividends equivalent to R$9.1bn.  If approved by the AGM, considering the amounts advanced by ...

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. "Increased activity in the offshore energy industry, a tighter equipment market, and inflationary ...

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 ...

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 ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — SLB opened its new office in Paramaribo, Suriname. Operating for over 60 years in Suriname, this new office further strengthens SLB's local presence and commitment to in-country value, SLB announced on 26 Feb. 2025 in an official statement. SLB opening ...

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — Venezuela's Executive Vice President and Energy Minister Delcy Rodríguez said the idea of renewed sanctions on Chevron Corporation and its 4 joint venture (JV) subsidiaries in Venezuela was a bad decision.  "Today, February 26, the government of the United States ...

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 26.Feb.2025) — Petrobras looks to boosts its oil production by 100,000 barrels per day (b/d) as it eyes reaching the milestone of 2.5 million b/d (MMb/d) by 2027. The Rio de Janeiro-based company also looks to boost gas supply to 50 million ...

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 ...