(AP, 4.Dec.2023) — Venezuelan President Nicolás Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over an oil-rich area of neighboring Guyana. But lackluster turnout suggested his government is losing influence and is tone deaf to people’s needs. Maduro’s government had promoted the referendum […]
Venezuelans Vote on Sovereignty Over Part of Guyana
(CNBC, 4.Dec.2023) — Venezuelans on Sunday voted to claim sovereignty over a large swathe of their oil-rich neighbor Guyana, marking the latest escalation in a long-standing territorial dispute between the countries. Voters were asked if they supported the establishment of a new state in the contested area, known as the Essequibo. […]
Southwest Gas Provides Update on Centuri
(Southwest Gas, 4.Dec.2023) — Southwest Gas Holdings, Inc. (NYSE: SWX) today announced its intent to pursue an initial public offering (IPO) of newly issued shares of Centuri Holdings, Inc. in the spring/summer 2024. The Southwest Gas board of directors has determined that an IPO is the optimal path to advance the […]
Rainforest Nations Back Projects Funded Through Carbon Market
(Equitable Earth, 3.Dec.2023) — Today at the UN Climate Change Conference (COP28), Ministers and Indigenous leaders from the most important tropical forests in the world spoke at the launch of Equitable Earth – a new voluntary carbon market standard designed to drive climate finance directly to Indigenous peoples and traditional communities. […]
Countries, Companies Support Energy Transition Accelerator
(The Rockfeller Foundation, 3.Dec.2023) — Today at COP28, the United Nations Climate Change Conference, the U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation presented the core framework of the Energy Transition Accelerator (ETA), an innovative carbon finance platform aimed at catalyzing private capital to support ambitious just […]
Rockefeller Foundation Commits $100mn for Climate Solutions
(The Rockfeller Foundation, 2.Dec.2023) — The Rockefeller Foundation is announcing a $100mn commitment to address the health impacts of climate change. Joining 40 multilateral development banks, governments, philanthropies, and civil society organizations, the Foundation also endorsed the Guiding Principles for Financing Climate and Health Solutions, launched today at the World Climate Action Summit, […]
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CGTN: On Climate Change, “We’re Running Out of Time, Not Options” [Video]
(CGTN, 2.Dec.2023) — Beijing, the strong, fast-beating heart of Chinese prosperity, has been known as a safe and stable city free from natural calamities. But not the summer of 2023. Throughout the season, the mercury soared, with daily highs consistently hitting over 40°C. Then as the capital had a relative […]
Court Bars Venezuela from Altering Guyana’s Control over Essequibo
(AP, 1.Dec.2023) — The United Nations’ top court on Friday ordered Venezuela not to take any action that would alter Guyana’s control over a disputed territory, but did not specifically ban Venezuela from holding its planned referendum Sunday on the territory’s future. Guyana had asked the International Court of Justice to order […]
Ecopetrol to Invest Between 23tn-27tn Pesos in 2024
(Ecopetrol, 1.Dec.2023) — On 30 Nov. 2023, Ecopetrol‘s Board of Directors approved maintaining investment levels between 23tn and 27tn Colombian pesos in 2024, aligning with the commitment to energy security and the country’s energy transition under the 2040 “Transforming Energy” Strategy. Highlights: Approximately 19tn pesos will be allocated to profitable production, with daily averages […]
Blue Sky Uranium Applies to Extend Warrants
(Blue Sky, 1.Dec.2023) — Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF),has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows: 38,590,654 unexercised Warrants (42,000,077 originally granted) that are set to expire on 11 Jan. and 26 Jan. 2024 to be […]
Southern Cone Market to Invest $46bn in Gas Production
(WoodMac, 30.Nov.2023) — Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a first framework agreement; Venezuela to hold referendum related to the Essequibo disputed region between Venezuela and Guyana; Colombia’s National Hydrocarbon […]
On the Uses and Misuses of Venezuela Sanctions
(CSIS, 29.Nov.2023) — Over the last month, the Biden administration has presided over a sea change in U.S. policy toward Venezuela. The recent lifting of sanctions on the Maduro regime is the most significant alteration of Venezuela policy in the last several years, coupled with routine deportation flights started on the same day as […]
Norway’s Equinor Divests Nigeria Business
(Welligence Energy Analytics, 29.Nov.2023) — Equinor has announced the sale of its Nigeria business to Chappal Energies for an undisclosed consideration. What were the key drivers for buyer and seller, and what does this mean for future M&A in the country? The exit of the Norwegian giant is not a […]
Cheniere Inks Production Marketing Agreement with ARC Resources
(Cheniere Energy, 29.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, LP (NYSE American: CQP) announced that Sabine Pass Liquefaction Stage V, LLC (SPL Stage 5) has entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a subsidiary of ARC […]
GoldMining Updates on its SĂŁo Jorge Gold Project in Brazil
(GoldMining, 29.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) provided an update on exploration activities ongoing at the company’s 100% owned SĂŁo Jorge gold project, located in Pará State, Brazil. Highlights: SĂŁo Jorge is located at the center of the Tapajos Gold District, which hosts multiple gold projects including producing […]
President Elect Milei to Shake up Argentina’s Oil Industry
(WooMac, 28.Nov.2023) — Addressing the election of Javier Milei as President of Argentina, Adrian Lara, principal analyst, said “Elected President Javier Milei and his advisors are signalling the importance the oil and gas sector has in their plans for the overall Argentinian economy, however, their success in deregulating the sector […]
Aris Boosts Segovia Gold Reserves by +75%
(Aris Mining, 27.Nov.2023) — Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective 30 Sep. 2023 (the “2023 Mineral Reserve”). This updated mineral reserve estimate follows the updated mineral resource estimate announced on 2 Nov. 2023. Aris Mining is also increasing the capacity […]
Suncor Energy Restarts Production at Terra Nova
(Suncor, 27.Nov.2023) — Suncor Energy (TSX: SU) (NYSE: SU) announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months. “Focusing on safety and operational integrity, […]
Noble Announces Major Shareholder Notification
(Noble, 26.Nov.2023) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces that Noble between Jun. and Sep. 2023 received several major shareholder notifications from BlackRock, Inc. regarding the fact that BlackRock’s indirect holdings of shares and voting rights in Noble […]
![Vista Updates on LatAm Assets [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/arg-mex-vista.png)
Vista Updates on LatAm Assets [PDF Download]
(Energy Analytics Institute, 25.Nov.2023) — Vista Energy provided an update on its assets in Argentina and Mexcio while also providing details about its near-term roadmap to achieve its net zero ambitions. ____________________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks bright for upstream oil and gas in Latin America. Opportunities of all kinds are fuelling stratospheric expectations for Majors, national oil companies (NOCs) and mid-caps […]
GoldMining on Equity Distribution Agreement with Syndicate Agents
(GoldMining, 24.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into an equity distribution agreement dated 24 Nov. 2023 with a syndicate of agents, including BMO Nesbitt Burns Inc. (the “Lead Agent“), BMO Capital Markets Corp., Canaccord Genuity Corp., Canaccord Genuity LLC, H.C. Wainwright & Co., LLC, Laurentian Bank Securities […]
NGC Joins IMA in Bid to Save Carli Bay Mangrove
(NGC, 24.Nov.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) is joining the effort to stem the decline in mangrove health in Trinidad and Tobago. This week, the company signed a Memorandum of Agreement (MoA) with the Institute of Marine Affairs (IMA), to implement a Mangrove Rehabilitation […]
![Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/06/Petrobras-bonds-gbo-810x540-1.jpg)
Petrobras Approves Strategic Plan 2024-2028+ [PDF Download]
(Petrobras, 23.Nov.2023) — Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras […]
Trump Tells President-elect Javier Milei he Plans to Visit Buenos Aires
(AP, 23.Nov.2023) — Former President Donald Trump has told Argentina’s President-elect Javier Milei that he plans to travel to the South American country so the two can meet, Milei’s office said Thursday. The office did not give a date for when Trump intends to be in Buenos Aires. The inauguration of Milei, […]
UK Energy Transition Outlook
(WoodMac, 23.Nov.2023) — Energy policy is a political hot topic in the UK. Broadly, ambition is high: net zero by 2050 targets are enshrined in law, and the UK has set goals to reduce carbon emissions by 68% by 2030 compared to 1990 levels, rising to 77% by 2035. However, […]
Corina Machado says Venezuela to end socialism: El Nacional
HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 24.Nov.2023, Words: 156) — Vente Venezuela national coordinator and opposition leader MarĂa Corina Machado said the next president of the Opec country would be picked by its citizens, according to the daily newspaper El Nacional. “The disqualification doesn’t stop anyone,” the newspaper reported […]
China Slows Venezuela Crude Buys
(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on making new purchases amid wide discrepancies in offer prices, trading sources say. The independent refiners have for years bought Venezuelan oil at steep discounts, but since Washington lifted […]
Ecopetrol Announces New Senior Management Appointments
(Ecopetrol, 22.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces changes in its senior management team of the Upstream Vice-Presidency to meet challenges in the process of aligning its hydrocarbons exploration and production activities with the energy transition, as follows: 1. Elsa Jeanneth Jaimes is confirmed as Vice President of Offshore, a position she […]
Venezuela Producing 850,000 bpd, Hopes to Recover US Market
(Reuters, 22.Nov.2023) — Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country’s deputy oil minister, Erick Perez, said on Wednesday, following the temporary lifting of U.S. sanctions on the nation. Washington in October issued a license allowing Venezuela to […]
TotalEnergies Launches In-Depot Charging for Electric Trucks
(TotalEnergies, 21.Nov.2023) — TotalEnergies announced the launch of an in-depot electric truck charging service today at the SOLUTRANS road and urban transportation trade show. With this new solution, TotalEnergies will install and supervise customized charging infrastructure adapted to transporters’ needs to support their transition to electric mobility. Customized Service Adapted […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 21.Nov.2023) — Petrobras, following up on the Material Fact of 08/03/2023, informs that it has paid today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount distributed today is R$ 0.209176 per common and preferred share in the form of dividends […]
Argentina’s Incoming Administration Faces Challenges
(S&P Global Ratings, 21.Nov.2023) — Economic imbalances in Argentina provide complex conditions for the Milei administration even before he takes office, S&P Global Ratings said in an article published today titled “Argentina’s Incoming Administration Faces Difficult Economic Policy Implementation.” Javier Milei, of La Libertad Avanza (LLA), won a historic and […]
Petrobras on 3Q:23 Share Value of Dividends and Interest
(Petrobras, 21.Nov.2023) — Petrobras, following the Material Fact of 11/09/2023, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the balance sheet […]
SBM Completes Share Repurchase
(SBM Offshore, 21.Nov.2023) — SBM Offshore has completed the repurchase of 350,000 shares. Between 9-21 Nov. 2023 a total of 350,000 common shares were repurchased, at an average price of EUR 12.25 per share, representing a total of EUR 4,286,956. Information regarding the aggregate of the transactions (calculated on a […]
Deep Casing Deloitte Technology Fast 50 List for 2023
(Deep Casing, 21.Nov.2023) — Deep Casing Tools placed 36th in the 2023 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over the last four years. Deep Casing Tools grew 850% during this period. Deep Casing […]
CGG Sells its Stake in ARGAS to TAQA
(CGG, 21.Nov.2023) — CGG has entered into a definitive agreement with Industrialization and Energy Services Company (TAQA) to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS). The transaction is expected to close this year, subject to satisfying relevant conditions. Sophie Zurquiyah, CEO CGG, said “The sale […]
TotalEnergies Completes Sale of Canadian assets to Suncor
(TotalEnergies, 20.Nov.2023) — TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills oil sands asset and associated midstream commitments. The consideration for the transaction is C$1.47bn (about $1.1bn), with an effective date […]
Projeo Awarded $38mn from Energy Department for CarbonSAFE
(Projeo Corporation, 20.Nov.2023) — Projeo Corporation, a subsidiary of GTI International, has been awarded over $38mn in U.S. Department of Energy (DOE) funding to support the development of new carbon storage demonstrations. Projeo’s selected project, The Phoenix Project, intends to demonstrate the feasibility of safely converting a mature oil and gas field […]
Fitch Maintains Ecopetrol’s Rating at BB+, with Stable Outlook
(Ecopetrol, 20.Nov.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings affirmed the company’s long-term foreign and local currency issuer default rating at “BB+”, with a stable outlook. Additionally, the agency affirmed the company’s national long- and short-term ratings at ‘AAA(col)’ and ‘F1+(col)’, respectively, both with a […]
Vortex Metals in Deal to Buy 80% Interest in Illapel Copper Project
(Vortex Metals, 20.Nov.2023) — Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) signed the definitive agreement with “Windows Minerals SCM and SLM Rio 27 De Farellon Sánchez” (Jointly the optionors) for an option to acquire up to an 80% Interest in the Illapel Copper Project. This follows the letter of […]
![The lifting of sanctions and the oil collapse of Venezuela [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The lifting of sanctions and the oil collapse of Venezuela [PDF download]
(Rafael RamĂrez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place since Jan. 2019. The OFAC measure is of a temporary nature, for a period of six months, subject to compliance […]
Frontera Announces Initiation of Normal Course Issuer Bid
(Frontera, 16.Nov.2023) — Frontera Energy Corporation (TSX: FEC) announces that the Toronto Stock Exchange (TSX) has accepted its notice to initiate a normal course issuer bid (NCIB) for its common shares. Pursuant to the NCIB, Frontera may purchase up to 3,949,454 Common Shares during the 12-month period commencing 21 Nov. 2023, […]
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Ancient Thanksgiving to Pachamama [Photos]
(Mainstream, 16.Nov.2023) — Members of Mainstream’s Chilean team recently honored local indigenous tradition by taking part in a centuries-old ceremony against the backdrop of Tchamma wind farm’s turbines, in the arid northern Atacama Desert. Plant Manager Juan Muñoz, along with MatĂas Camaño, Natalia Reveco and Sebastián Espinoza of the renewable […]
![TotalEnergies Publishes Response of EACOP Ltd [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/total-france.jpg)
TotalEnergies Publishes Response of EACOP Ltd [PDF Download]
(TotalEnergies, 16.Nov.2023) — Following the publication of the report by the NGO Greenfaith on the consideration of cultural heritage within the EACOP project in Uganda and Tanzania, and for which EACOP was unfortunately not requested in advance, we have asked our affiliate EACOP Ltd, which operates the EACOP project, to […]
Sungrow to Supply SG5RT Residential Inverters to Residential PV Project in Egypt
(Sungrow, 15.Nov.2023) — Sungrow, the global PV inverter and energy storage system supplier, announced that it has been selected to supply 400 units of 5kW string inverters with its ultra-safe, high yield, user-friendly, and intelligent O&M features for Egypt’s largest 2MW residential PV project, which includes 400 rooftop solar plants at SODIC’s VYE […]
Mainstream Finalizes Reorganization Process in ChileÂ
(Mainstream, 14.Nov.2023) — Reference is made to previous announcements by Aker Horizons ASA regarding the initiation by Mainstream Renewable Power of Judicial Reorganization Proceedings for Condor EnergĂa SpA and Huemul EnergĂa SpA (“Condor”, “Huemul”, the “EnergĂa companies”) in Chile. Mainstream today announced the conclusion of the proceedings for the EnergĂa companies, part […]
FPSO Prosperity Producing and On Hire
(SBM Offshore, 14.Nov.2023) — SBM Offshore announce that FPSO Prosperity has produced first oil as of 14 Nov. 2023 and is formally on hire. The FPSO Prosperity utilizes a design that largely replicates the design of the FPSO Liza Unity. As such, the design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the […]
LNG Market Needs 90 Mtpa of Add’l Supply by 2035: WoodMac
(WoodMac, 14.Nov.2023) — The global liquefied natural gas (LNG) sector will need 90 million tonnes per annum (mtpa) of new supply by 2035 to sate growing demand with market volatility expected to persist as the market rebalances post 2025 according to Massimo Di Odoardo, Vice President, Gas & LNG Research […]