Energy Analytics Institute (EAI)

OFAC eats Dragon, revokes license for Dragon and Cocuina fields

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Apr.2025, Words: 806) — The Office of Foreign Assets Control (OFAC) has revoked 2 special licenses […]

NextDecade and Aramco execute 1.2 MTPA LNG SPA for Rio Grande LNG Train 4

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 8.Apr.2025) — NextDecade Corporation executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a […]

Borr Drilling receives request for 3 rigs in Mexico, reveals 3 new contracts

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 8.Apr.2025) — Borr Drilling Limited received a re-mobilization request for 3 rigs in Mexico. The company also […]

Brava Energia reports higher production aided by Atlanta and Papa-Terra assets

BELIZE CITY, BELIZE (By Aaron Simonsky, Energy Analytics Institute, 8.Apr.2025, Words: 574) — Brava Energia reported gross production of 71,057 barrels of oil equivalent per […]

FET rolls out VisualDVR software for enhance subsea videos

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Apr.2025) — Forum Energy Technologies, Inc. (FET) upgraded its video recording solutions, optimizing the survey and inspection of […]

Woodside announces $5.7bn deal with Stonepeak for Louisiana LNG partnership

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 7.Apr.2025) — Woodside Energy entered into a binding agreement for divestment of a 40% interest in Louisiana LNG […]

American oil tycoon Harry Sargeant III visits with Curaçao PM Gilmar Pik Pisas

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Apr.2025) — American oil tycoon Harry Sargeant III, owner of Texas-based oil marketer Global Oil Terminals and […]

EP Petroecuador reported average production of 375,426 b/d on 5 Apr. 2025

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 6.Apr.2025, Words: 157) — Ecuador’s state-owned EP Petroecuador reported average crude oil production of 375,426 barrels […]

India inks MOUs with Sri Lanka and UAE in the energy space

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 6.Apr.2025) — India’s prime minister Shri Narendra Modi conducted an official state visit to Sri Lanka where at least […]

China calls US tariffs an “abuse” and an “act of unilateralism”

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 5.Apr.2025) — The Chinese government revealed that it strongly condemns and resolutely opposes recent tariffs announced by US […]

ExxonMobil again accused by Delcy Rodríguez of stoking aggression against Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Apr.2025, Words: 267) — Venezuela’s executive vice president and hydrocarbon minister Delcy Rodríguez strongly denounced what she […]

JMMC notes overall conformity for OPEC and non-OPEC countries

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Apr.2025) — The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via videoconference on […]

LatAmNRG heard: Argentine exports, Mexico avoiding US tariffs

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 4 […]

Bolivia advances energy integration with Brazil

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 5.Apr.2025) — Bolivia is making progress in its bid to become a supplier of electricity to the […]

Vizsla Silver temporarily pauses field work at Panuco in Sinaloa, Mexico

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 4.Apr.2025) — Vizsla Silver Corp. temporarily paused field work at its flagship 100%-owned Panuco silver-gold project in Sinaloa, […]

Final components for the 91 MW Esmeraldas III thermal power plant reach Esmeraldas

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Apr.2025) — The last 16 generating units and auxiliary components for the new Esmeraldas III thermal power […]

JPMorgan raises global recession odds to 60% from 40% earlier

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 4.Apr.2025) — Investment bank JPMorgan said there is now a 60% chance of a global recession after US […]

Fact sheet: Pemex’ Deer Park refinery in Houston, Texas

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 4.Apr.2025, Words: 201) — Mexico’s Petróleos Mexicanos (Pemex) owns the Deer Park refinery located in Houston, […]

SLB and Shell reveal partnership to expand deployment of subsurface digital technology

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 4.Apr.2025) — SLB revealed a partnership with Shell to deploy Petrel™ subsurface software across its assets worldwide. Adoption […]

EAI’s 1Q:25 “NRG Prospector” full version [183-pg emag download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025, Words: 20,000) — Download Energy Analytics Institute‘s 183-page full version of the 1Q:25 NRG Prospector, which is […]

Goldman Sachs reduces price forecast, drops range amid downside risks

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Apr.2025) — Goldman Sachs reduced its Dec. 2025 forecasts for Brent and West Texas Intermediate (WTI) by […]

Mexico’s Sheinbaum lays out 18 actions programs under her ‘Plan Mexico,’ including energy

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 3.Apr.2025, Words: 552) — President Claudia Sheinbaum Pardo reiterated her commitment to the Mexican people to continue with […]

EP Petroecuador receives ISO 14001 and 45001 certifications for its Galapagos Islands operations

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Apr.2025) — EP Petroecuador received international ISO 14001 and ISO 45001 certifications for its operations in the […]

OPINION: INEOS calls for urgent reform of UK energy tax

LONDON, ENGLAND (Sir Jim Ratcliffe, Chairman and CEO of INEOS, 3.Apr.2025) — INEOS chairman and CEO Sir Jim Ratcliffe, in an opinion piece, said £150bn […]

Average US piped-gas exports to Mexico reach 6.7 Bcf/d, up 7.8% week-over-week

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 3.Apr.2025) — US-piped natural gas exports to Mexico averaged 6.7 billion cubic feet per day (Bcf/d) for the […]

8 OPEC+ countries reaffirm commitment to market stability

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — 8 OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed […]

Fitch Rating reaffirms Petrobras’ credit rating, with a stable rating outlook

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Apr.2025) — Fitch Ratings affirmed Petrobras‘ long-term local and foreign currency issuer default ratings (IDRs) and outstanding […]

Ecopetrol reaches agreement to end blockages in Colombia’s Meta department

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Apr.2025) — Colombia’s Ecopetrol reached an agreement with the Unuma Indigenous Association to end road blockades near its […]

bpTT announces start of production from new Cypre gas project

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Apr.2025) — bp Trinidad and Tobago (bpTT) said its Cypre development has safely delivered its first natural […]

GUH and SICA ink MOU for subsea supply changes in the UK and Australia

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2bn underwater industry, […]

Trump imposes new tariffs, says it’s “our declaration of economic independence”

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Apr.2025) — US president Donald Trump imposed new tariffs on all imported goods, while also revealing a detailed […]

INEOS Energy wraps up acquisition of CNOOC US Gulf Coast assets

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 2.Apr.2025) — INEOS Energy completed the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. […]

Puerto Rico governor issues executive order to modify energy emergency preparations

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.Apr.2025, Words: 2,206) — On 2 Apr. 2025 the governor of Puerto Rico Jenniffer González-Colón issued an […]

NeuVentus authorized to create and operate 12 Salt caverns in Texas

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Apr.2025) — Austin-based infrastructure developer NeuVentus, LLC received a final order from the Railroad Commission of Texas granting […]

YPFB president denies Vaca Muerta gas competes with Bolivian gas

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 2.Apr.2025) — Argentina’s prolific Vaca Muerta shale play doesn’t represent direct competition for Bolivian natural gas in […]

Iron Oak Energy expands Permian footprint with High Roller Sand acquisition

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 2.Apr.2025) — Diversified proppant supplier Iron Oak Energy Solutions LLC acquired High Roller Sand, which operates a low-cost, […]

CPKC and Lanco Group/Mi-Jack sell Panama Canal Railway Company to APM Terminals

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.Apr.2025) — Canadian Pacific Kansas City Limited, together with Lanco Group/Mi-Jack, sold the Panama Canal Railway Company […]

WM plans investments of $3bn in sustainability growth strategy

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Apr.2025) — As part of WM‘s plans to invest about $3bn in a sustainability growth strategy from 2022-2026, […]

Uncertainties surround Repsol’s Cardón IV and Petroquiriquire projects in Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 1.Apr.2025) — Spain’s Repsol, which has also reportedly been notified by Washington that it must wind down […]

Ring Energy closes Lime Rock Permian assets acquisition

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Apr.2025) — Ring Energy, Inc. completed its previously-announced acquisition of the Central Basin Platform (CBP) assets of Lime […]

EAI 1Q:25 NRG Prospector condensed version [FREE emagazine download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Apr.2025) — Download Energy Analytics Institute’s complimentary condensed 21-page 1Q:25 NRG Prospector emagazine with select stories from CERAWeek […]

Excelerate Energy prices upsized public offering of class A common stock

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 31.Mar.2025) — Excelerate Energy, Inc. priced its previously announced underwritten registered public offering of 6,956,522 shares of Class […]

Mexico’s Navy confiscates 10 million liters of diesel, weapons, vehicles and documents

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 31.Mar.2025, Words: 206) — A special joint operation carried out at the port of Tampico, Tamaulipas, […]

OECD Secretary-General warns of geopolitical and policy uncertainties

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 31.Mar.2025) — The Secretary-General of the OECD said that the current high level of uncertainty on the […]

Woodside Energy awards SLB major contract for Trion offshore Mexico

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Mar.2025, Words: 410) — SLB has been awarded a major drilling contract by Woodside Energy for the […]

Hunt Oil commences cash tender offers for 2028 and 2033 notes

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Mar.2025) — Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) announced commencement of cash tender offers for […]

Venezuela’s energy minister Rodríguez says production normal

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Mar.2025) — Venezuela’s crude oil production was normal at the end of Mar. 2025 and in accordance […]

Production starts at Johan Castberg, peak output of 220,000 b/d expected in the 2Q:25

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 31.Mar.2025, Words: 508) — Norway’s Equinor said the Johan Castberg oil field in the Barents Sea came […]

OFAC revokes M&P’s Venezuela license, grants wind-down until 27 May 2025

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Mar.2025) — Paris-based Établissements Maurel & Prom received a notification from the US Department of the Treasury‘s […]

Sempra Infrastructure targets divestment of Ecogas México, other assets

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 31.Mar.2025, Words: 800) — Sempra affiliate Sempra Infrastructure aims to divest Ecogas México, S. de R.L. […]