(Petrobras, 17.Apr.2023) — Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/m³, in relation to the February-March-April quarter, considering the variation in the price of the […]
Venture Global Raises Roof of Second Plaquemines Storage Tank
(Venture Global, 17.Apr.2023) — Venture Global LNG announced the successful raising of the roof of the second LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes just seven weeks after the roof raising for tank […]
CSI Compressco on Cash Distribution, 1Q:23 Webcast
(CSI Compressco, 17.Apr.2023) — CSI Compressco LP (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 March 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on 15 May 2023 to […]
Equinor: The Bauge field on Stream
(Equinor, 17.Apr.2023) — On 8 April production started from the Bauge subsea field in the Norwegian Sea. Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent, mainly oil. Bauge consists of two oil producers in a […]
Qatar Delivers First LNG Cargo to India’s Dhamra Terminal
(TotalEnergies, 17.Apr.2023) — TotalEnergies announces the delivery of a first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal, located in the state of Odisha on the east coast of India and owned and operated by Adani Total Private Limited (ATPL), a 50-50 joint venture between TotalEnergies and Adani. […]
![OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/BCS-Blog-What-is-the-OFAC.jpg)
OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]
(OFAC, 17.Apr.2023) — The Office of Foreign Assets Control (OFAC) is issuing this alert to warn US persons about possible evasion of the price cap on crude oil of Russian Federation origin (Russian oil), particularly involving oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on the […]
bp Starts Oil Production at Argos Platform in the Gulf of Mexico
(bp, 13.Apr.2023) — bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. With a gross production capacity of up to 140,000 barrels of oil per day, Argos is […]
GSI Enhances Renewable Platform with Saturn Power Acquisition
(GSI, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five U.S. states […]
Petrobras on Official Letter from the CVM
(Petrobras, 13.Apr.2023) — Petrobras has received an official letter from the Superintendence of Corporate Relations (SEP), from the Securities and Exchange Commission (CVM), in which it announces that, considering the information available up to the present moment and in line with the understanding of the Eligibility Committee and the Board […]
Greenwood Sustainable Infrastructure (GSI) Acquires Saturn Power
(Greenwood Sustainable Infrastructure, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five […]
Petrobras on Norte Capixaba Cluster
(Petrobras, 12.Apr.2023) — Petrobras, following up on the release disclosed on 23 February 2022, informs that the fulfillment of all precedent conditions has been concluded, regarding the transfer of its total interest (100%) in a set of 4 onshore production field concessions, with integrated facilities, located in the State of […]
bp and Shell Break Ground on Solar Plant
(bp, 12.Apr.2023) — A sod turning ceremony today at Brechin Castle signaled the start of construction on Trinidad and Tobago’s first utility scale solar project. Dr the Honourable Keith Rowley, Prime Minister of the Republic of Trinidad and Tobago was joined by the Ministers of Energy and Energy Industries and […]
Ecopetrol BODs Names Ricardo Roa Barragán New Chairman of Ecopetrol
(Ecopetrol, 11.Apr.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors, in session on 11 April 2023, appointed Ricardo Roa Barragán as CEO of Ecopetrol, who will take office no later than 30 April 2023. The evaluation and selection process of candidates was carried out with the support […]
Chipotle Pilots New Responsible Restaurant, Launches Sustainability Campaign
(Chipotle, 11.Apr.2023) — Chipotle Mexican Grill (NYSE: CMG) today announced a new all electric restaurant design that works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and solar through the purchase of certified renewable energy credits. The company recently opened restaurants with the new […]
SBM Offshore says FPSO Prosperity reaches Stabroek block offshore Guyana
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Apr.2023) — SBM Offshore said the FPSO Prosperity reached the Stabroek block offshore Guyana. The vessel travelled just over 11,000 nautical miles — or just over 20,000km — from Singapore in just under 50 days, SBM announced on 11 Apr. 2023 in an […]
Silver Viper Renegotiates Rubi-Esperanza Cash and Option Agreement
(Silver Viper, 6.Apr.2023) — Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) has renegotiated terms of the Rubi-Esperanza Option Agreement to purchase three mineral concessions, originally signed in June of 2018 (see news release of 25 June 2018). On 21 June 2019, the first agreement addendum was signed. A second addendum to the […]
GoGold Reports Parral Production for Quarter Ending Mar. 2023
(GoGold Resources, 6.Apr.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production for the quarter ending 31 March 2023 of 400,145 silver equivalent ounces, consisting of 173,717 silver ounces, 2,016 gold ounces, and 143 tonnes of copper. “We continue to focus on completion of the preliminary economic assessment in Los Ricos North, followed […]
Kootenay Silver Reveals Term Amendments for the Columba Option Agreement
(Kootenay, 6.Apr.2023) — Kootenay Silver Inc. (TSXV: KTN) has amended the terms for the Columba option agreement to allow for 50% of the April 2023 payment of US$430,000 plus 16% IVA to be paid in common shares of the company. The payment is due on 12 April 2023, and will be paid as follows US$215,000 cash and US$215,000 (plus […]
ICJ Delivers Judgement in Guyana v. Venezuela Case
(ICJ, 6.Apr.2023) — On 6 April 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment on the preliminary objection raised by the Bolivarian Republic of Venezuela in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela). A […]
GreenIT’s 2023-2027 Business Plan Approved with Shareholders’ Backing
(Eni, 6.Apr.2023) — The Board of Directors of GreenIT, the Italian joint venture established in 2021, 51% owned by Plenitude (Eni) and 49% by CDP Equity (CDP Group), and active in the production of electricity from renewable sources, approved the new 2023-2027 Business Plan with approval from the shareholders for […]
Eni Celebrates Sail Away of FPSO Firenze to Baleine Field Offshore Côte d’Ivoire
(Eni, 6.Apr.2023) — Eni, in partnership with PetroCi, celebrated the sail away of the FPSO Firenze to the Baleine field offshore Côte d’Ivoire in Dubai. The event was attended by Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy Côte of d’Ivoire, and other dignitaries. The FPSO Firenze will allow production […]
Petrobras on Organizational Adjustment
(Petrobras, 6.Apr.2023) — Petrobras announces that its Executive Board, in a meeting held today, approved an organizational adjustment proposal to be submitted to the Board of Directors as part of a continuous improvement process. The proposal has three objectives: (i) prepare the company for the energy transition with the creation […]
Tellurian Enters into Material Definitive Agreement
(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]
![Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/georgetown-beaches-in-guyana-728x485-1.jpg)
Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]
(Energy Analytics Institute, 6.Apr.2023) — The court finds that the preliminary objection raised by the Bolivarian Republic of Venezuela is admissible. By fourteen votes to one, the court rejects the preliminary objection raised by the Bolivarian Republic of Venezuela. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights […]
Collaborating for Clean Energy at Toyota’s North Alabama Engine Plant
(Toyota, 5.Apr.2023) — More than 70 percent of Toyota Motor Manufacturing, Alabama’s power will soon be generated by the sun. Today, Huntsville Utilities, Toyota Alabama and Toyota Tsusho America, Inc. (TAI) announced a power purchase agreement (PPA) to support a 168-acre, $49mn solar project. The 30-megawatt solar-generated system will be located in the North Huntsville Industrial […]
Agreement Between Iraq and TotalEnergies
(Total, 5.Apr.2023) — While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick Pouyanné, jointly defined the necessary conditions and mutual […]
Fitch Upgrades Saudi Arabia to ‘A+’; Outlook Stable
(Fitch Ratings, 5.Apr.2023) — Fitch Ratings upgraded Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘A’. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Balance Sheet Strength Drives Upgrade: The upgrade of Saudi Arabia’s […]
IMF’s Lower Bar for Argentina Already Looks Too High
(Reuters, 5.Apr.2023) — The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion loan deal, but some rosier-than-reality program forecasts may be setting the South American country up for more failure. The IMF this week cut the level of foreign currency […]
Petrobras on Pricing Policy
(Petrobras, 5.Apr.2023) — Petrobras reaffirms its commitment to the practice of competitive prices and in balance with the national market, while avoiding the immediate pass-through of external volatility and exchange rate caused by circumstantial events and confirms that it has received no proposal from the Ministry of Mines and Energy […]
PGS Rejuvenated Data for Guyana Deepwater Block Evaluation
(PGS, 4.Apr.2023) — In collaboration with the Guyana Ministry of Natural Resources (MNR), PGS has released 4460 km of rejuvenated 2D GeoStreamer depth data supporting the evaluation of Blocks D1, D2, and D3. Leveraging PGS’ comprehensive experience across the Guyana basin and applying recent imaging technology advances, PGS has produced […]
FLNG Market Boasts $35bn EPC Contract Award Value 2023-27
(Westwood, 4.Apr.2023) — When Shell announced final investment decision (FID) on its Prelude floating liquefaction natural gas (FLNG) unit in May 2011, it was meant to be the start of an era. An era that would herald the development of stranded gas fields at lower costs. However, 12 years on, […]
Riley Permian Closes New Mexico Acquisition
(Riley Exploration, 4.Apr.2023) — Riley Exploration Permian, Inc. (NYSE American: REPX) completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC. Consideration for the New Mexico acquisition was $330mn before customary purchase price adjustments. In conjunction with the […]
Canadian Pacific on Results of Early Tenders of Kansas City Southern Notes
(Canadian Pacific, 3.Apr.2023) — Canadian Pacific (TSX: CP) (NYSE: CP) today announced that as of 5:00 p.m. ET on 31 March 2023 (the “Early Participation Date”), the aggregate principal amounts listed below of seven series of notes, each issued by Kansas City Southern (“KCS”, and such notes, the “Old Notes”), had been validly tendered and […]
Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions
(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with Washington scapegoated for increasing authoritarianism and economic hardships. Fernando Blasi’s comments to The […]
BidOut Reveals American Energy Management Partnership
(BidOut, 3.Apr.2023) — Virtually every sector has experienced supply chain disruptions and the oil and gas industry is no exception. One company, BidOut, has developed a solution to streamline those disruptions and has added American Energy Management as a client. BidOut is the leading SaaS procurement platform for oil and […]
Arctech to Provide 365MW Solar Tracking Solution in Mexico
(Arctech, 3.Apr.2023) — Arctech, a solar tracking and racking solution provider, is poised to provide 365.8MW SkyLine II solar tracking solution to Puerto Penasco Solar Park in Mexico. Once completed, this project would become the largest solar plant in a single unit in Mexico and 8th in the world. Located in Puerto Penasco in […]
Venture Global Supplies First LNG Cargo to Finland
(Venture Global, 3.Apr.2023) — Vitol announced the delivery of the first LNG cargo to ever arrive in Finland. The tanker, which can hold 174,062 m3 of liquefied natural gas (LNG) was loaded at Venture Global’s Calcasieu Pass LNG export terminal and arrived at the new Inkoo terminal in Finland. “Venture […]
Aker BP Awarded Power from Shore Licence for Yggdrasil
(Aker BP, 31.Mar.2023) — Today, the Ministry of Petroleum and Energy (MPE) awarded Aker BP a licence to connect the platforms in the Yggdrasil area to the power grid in Samnanger in Vestland County. The licence was granted pursuant to the Energy Act and the Ocean Energy Act. The power […]
Noble Announces Changes to Share Capital
(Noble, 31.Mar.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces changes to its share capital. During the period since February 28, 2023, 3,776,358 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 3,771,978 new A ordinary shares have been issued to certain […]
Petrobras on Bahia Terra Production
(Petrobras, 31.Mar.2023) — Petrobras, following up on the release disclosed on 14 March 2023, informs that it obtained, on Friday 31 March, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from the Araçás field, located in the Bahia Terra Cluster. Thus, the company […]
Petrobras on Strategic Planning
(Petrobras, 31.Mar.2023) — Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, to be considered in the Strategic Planning, in compliance with current governance practices, the commitment to create value and the company’s long-term financial sustainability: 1) […]
Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List
(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in partnership with market research company Statista. To compile this ranking, Statista surveyed around 85,000 women working at multinational institutions in 36 countries. Its analysts sifted […]
Wintershall DEA Completes Acquisition of 37% Stake in Hokchi Block
(Wintershall DEA, 31.Mar.2023) — The acquisition of a 37% non-operated participating interest in the oil producing Hokchi Block offshore Mexico by Wintershall Dea was completed on 30 March. All government approvals were obtained and Wintershall Dea, together with the remaining partners in the Hokchi Block have signed the corresponding Production […]
Aker BP and OMV Awarded Licence for CCS in Norwegian Continental Shelf
(Aker BP ASA, 31.Mar.2023) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF) (OTCQX: AKRBY) and OMV (Norge) AS have entered into a collaboration agreement for carbon capture and storage (CCS) and have been awarded a licence in accordance with the CO2 Storage Regulations on the Norwegian Continental Shelf (NCS). RELATED: Award of two […]
Award of Two New CO2 Storage Licences on the Norwegian Continental Shelf
(Les på norsk, 31.Mar.023) — Today the Norwegian Ministry of Petroleum and Energy publishes offers for two new exploration licences related to CO2 storage under the storage regulations on the Norwegian continental shelf in the North Sea. — The establishment of commercial capture and storage of CO2 is imporant for the […]
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]
EAI’s NRGBriefs: Mar. 2023
(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]
Marathon Oil to Further Develop Equatorial Guinea Gas Mega Hub
(Marathon Oil Corp., 30.Mar.2023) — Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the […]
Uranium Energy on Uranium Producers of America
(Uranium Energy, 29.Mar.2023) —Uranium Energy Corp (NYSE American: UEC) announced that Scott Melbye, UEC’s Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America (UPA). Amir Adnani, President and CEO stated: “We congratulate Scott on his re-election to the position of President of […]
Petrobras on Ministry of Mines and Energy Letter
(Petrobras, 29.Mar.2023) — Petrobras, following up on the release disclosed to the market on 17 March 2023, informs that it received Official Letter 257/2023/GM-MME from the Ministry of Mines and Energy (MME), on today’s date, in the following terms: 1. Petrobras disclosed a material fact on 17 March 2023, informing […]