Energy Analytics Institute (EAI)

Saudi Arabia Eyes Boosting Production by 1 MMb/d

(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d […]

Trinidad’s gas output averaged 2.36 Bcf/d in Jul. 2024

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 9.Oct.2024) — The production of natural gas in the twin-island nation of Trinidad and Tobago averaged 2.36 […]

Citgo Auction in Jeopardy as Bondholders Pursue Claims

(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to […]

APA Corp. Provides 3Q:24 Supplemental Info.

(APA Corp., 9.Oct.2024) — APA Corporation provided supplemental information regarding certain third-quarter 2024 (3Q:24) financial and operational results. This information is intended only to provide […]

Woodside Completes Tellurian Acquisition

(Woodside, 9.Oct.2024) — Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued […]

Suriname First Development Boosted

(Energy Analytics Institute, 8.Sep.2024) — APA Corporation recently provided additional details around the final investment decision (FID) taken offshore Suriname with its French partner TotalEneriges. […]

Morningstar DBRS Places CNRL’s Credit Ratings Under Review

(Morningstar DBPS, 8.Oct.2024) — DBRS, Inc. (Morningstar DBRS) placed all credit ratings of Canadian Natural Resources Limited (CNRL or the Company) Under Review with Negative […]

Ecopetrol Commences Cash Tender Offer for 5.375% Notes

(Ecopetrol, 8.Oct.2024) — Ecopetrol S.A. announced commencement of a cash tender offer (the “Offer”), to purchase any and all of its outstanding 5.375% Notes due […]

Tellurian Executives Enter in Separation Agreement

(Energy Analytics Institute, 8.Oct.2024) — On 8 Oct. 2024, Tellurian Inc. completed its previously announced merger with Woodside Energy. On said date, Woodside and Tellurian […]

Honeywell to Spin Off Advanced Materials Business

(Honeywell, 8.Oct.2024) — Honeywell announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to […]

Certification of Grain LNG Terminal Provides Additional Transparency

(MiQ, 8.Oct.2024) — MiQ, a company dedicated to emissions certification, announced certification of the Grain LNG terminal in the United Kingdom, which is Europe’s largest LNG […]

Noble Announces Major Shareholder Notice from BlackRock

(Noble, 8.Oct.2024) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc hereby announces the receipt of a major shareholder notification […]

TotalEnergies Inks Renewable Supply Deal with Saint-Gobain

(TotalEnergies, 8.Oct.2024) — TotalEnergies has signed with Saint-Gobain a Power Purchase Agreement (PPA), under which TotalEnergies will supply renewable electricity to Saint-Gobain’s French facilities. It will take effect […]

Chevron Reveals $6.5bn Sale of Interests in Canada to CNRL

HOUSTON, TEXAS (Energy Analytics Institute, 7.Oct.2024) — Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, and a related entity entered into a definitive agreement […]

TotalEnergies Joins RWE in Two Offshore Wind Projects

(TotalEnergies, 7.Oct.2024) — TotalEnergies signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two […]

Lithium Africa Resources Announces Additions to Board

(Lithium Africa Resources, 7.Oct.2024) — Lithium Africa Resources Corp. announces additions to board. Lithium Africa is pleased to announce two significant additions to its Board of […]

Petrobras Sets New Refinery Production Records

(Petrobras, 7.Oct.2024) — Petrobras reports that the Total Utilization Factor (FUT) of its refineries reached 96.8% in Sep. 2024, representing the highest monthly result in […]

Saipem Accelerates Research into Geothermal Energy

(Saipem, 7.Oct.2024) — Saipem has signed a Memorandum of Understanding to explore innovative solutions for the development of geothermal energy with Geolog, a company in […]

CNOOC Brings Online Bozhong 19-2 Oilfield Development Project

(Energy Analytics Institute, 7.Oct.2024) — CNOOC Limited and 80883 said the Bozhong 19-2 Oilfield Development Project has started production. Peak production from the project is […]

GeoPark Announces 3Q:24 Operational Update

(GeoPark, 9.Oct.2024) — GeoPark Limited announces its operational update for the three-month period ended 30 Sep. 2024 (“3Q:24”). Oil and Gas Production and Operations Llanos […]

Equinor Buys 9.8% Minority Stake in Ørsted

(Equinor, 7.Oct.2024) — The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the […]

CNRL to Acquire Chevron’s Alberta Assets for $6.5bn

(CNRL, 7.Oct.2024) — Canadian Natural Resources Limited (CNRL) entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited its 20% interest […]

CNRL Increases Quarterly Dividend

(Energy Analytics Institute, 7.Oct.2024) — The Board of Directors of Canadian Natural Resources Limited (CNRL) agreed to increase the quarterly cash dividend by 7% to […]

Chevron Closer to Canadian Divestment Target with $6.5bn Asset Sale to CNRL

(WoodMac, 7.Oct.2024) — Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5bn Mark Oberstoetter, Wood Mackenzie Upstream Research Director in […]

Mexico’s New President Promises to Resume Fight Against Climate Change

(AP, 5.Oct.2024) — In her first days as Mexico’s new president, Claudia Sheinbaum made a point of distancing herself from the fossil fuel reliance promoted […]

Ecopetrol Says Importation of Venezuela Gas Viable

(Energy Analytics Institute, 4.Oct.2024) — Ecopetrol SA president Ricardo Roa has analyzed the natural gas deficit in Colombia and stressed that the reactivation of Venezuelan […]

Winter is Coming in Europe as Geopolitical Risks Rise: Rystad Energy

(Rystad, 4.Oct.2024) — Here is Rystad Energy’s gas and LNG market update from analyst, Christoph Halser: “Norway concludes its gas maintenance season with some disruptions, […]

MODEC Announces Establishment of OFS India

(Energy Analytics Institute, 4.Oct.2024) — MODEC, Inc. announced that Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Singapore, is partnering with Toyo […]

LatAmNRG matters, highlights, heard: Argentina LNG, $7.3bn Amber-Citgo deal

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Oct.2024, Words: 423) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 4 […]

Petrobras and Ternium to Supply Gas in the Rio de Janeiro Free Market

(Petrobras, 3.Oct.2024) — Petrobras and Ternium entered into a contract to supply natural gas in the free trading environment to the Ternium plant in Rio […]

Enbridge Sanctions Pipelines to Support bp’s New Deepwater US GOM Development

(Enbridge, 3.Oct.2024) — Enbridge Inc. will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, […]

Shell Poised to Add Pipeline Capacity in US GOM

(Shell Pipeline Company, 3.Oct.2024) — Shell Pipeline Company LP announced the Final Investment Decision (FID) for the Rome Pipeline, an offshore pipeline construction project increasing […]

Producers Midstream to Build Gas Facilities in Lea County

(Tailwater Capital, 3.Oct.2024) — Producers Midstream II, LLC, a portfolio company of Tailwater Capital, announced it is constructing a new gathering, treating, and processing system […]

Flex LNG Finalizes $430mn in New Financings

(Flex LNG, 3.Oct.2024) — Flex LNG Ltd announced that the aggregate $430mn of new financings announced in the Q2:24 report have been completed according to […]

QatarEnergy LNG Awards McDermott EPCI Contract for the NFS

(McDermott, 3.Oct.2024) — McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore […]

Petrobras says Uchuva-1/Uchuva-2 gas potential is around 6 Tcf

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Oct.2024) — Petrobras, following up on the announcements issued on 29 Jul. 2022 and 5 Aug. 2024 […]

IsoEnergy Acquires Anfield, Securing Expanded US Uranium Production

(IsoEnergy, 2.Oct.2024) — IsoEnergy Ltd. and Anfield Energy entered into a definitive agreement (the “Arrangement Agreement“) pursuant to which IsoEnergy will acquire all of the issued and […]

Moody’s Raises Petrobras’ Outlook to Positive

(Energy Analytics Institute, 2.Oct.2024) — Moody‘s raised the outlook on Petrobras‘ ratings from stable to positive, Petrobras announced 2 Oct. 2024 in an official statement. […]

Gold Fields Taps ExoSphere To Advance Exploration at Salares Norte in Chile

(Fleet Space, 2.Oct.2024) — Fleet Space Technologies, an Australian space exploration company, announced plans to deploy its end-to-end mineral exploration solution, ExoSphere, to enhance Gold […]

Idea of Colombia Importing Gas from Venezuela ‘Big Distraction,’ Ex-minister Says

(Reuters, 2.Oct.2024) — Debate in Colombia over the possibility of importing gas from Venezuela “has been a big distraction” amid concerns about Colombia’s future energy […]

Saipem Presents Solution for Large-scale Green Hydrogen Production

(Saipem, 2.Oct.2024) — Saipem and Nel ASA, during the 2024 World Hydrogen Week in Copenhagen, unveiled IVHY™ 100, a groundbreaking turn-key 100 MW electrolyser concept, […]

Sheinbaum Keeps Morning Briefings, Though her Style is Unlike AMLO’s

(AP, 2.Oct.2024) — Mexico’s new President Claudia Sheinbaum started her day Wednesday much like her political mentor, ex-President Andrés Manuel López Obrador, began most of […]

Petrobras Reports on South African Operations

(Petrobras, 1.Oct.2024) — Petrobras informs that its Board of Directors has approved the company’s operations in South Africa, enabling the acquisition of a stake in […]

DMW Marine Expands Workforce to Meet Growing Global Demand

(Energy Analytics Institute, 1.Oct.2024) — DMW Marine Group, which specializes in marine cranes, announced the hiring of nine new service technicians. This move supports the […]

Talos Adopts Limited Duration Stockholder Rights Plan

(Talos, 1.Oct.2024) — Talos Energy Inc. announced that its Board of Directors has adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights […]

Canadian Solar to Deliver Storage Solutions to the Huatacondo Project in Chile

(Canadian Solar Inc., 1.Oct.2024) — Canadian Solar Inc. announced that e-STORAGE, which is part of the company’s majority-owned subsidiary CSI Solar Co., Ltd., has secured a turnkey EPC […]

New Pacific Metals Delivers Strong Economics for Carangas

(New Pacific, 1.Oct.2024) — New Pacific Metals Corp. reported the results of its Preliminary Economic Assessment (PEA) for the Carangas project in Oruro Department, Bolivia. The PEA […]

Citgo Share Auction Creditors Oppose Terms of Amber Energy Bid

(Reuters, 1.Oct.2024) — Creditors seeking proceeds from an auction of shares in a parent of Citgo Petroleum to repay them for Venezuela’s expropriations and debt defaults on […]

FACTSHEET: enCore’s Rosita ISR Uranium Central Processing Plants & Wellfields

(enCore Energy, 1.Oct.2024) — The Rosita In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“CPP”) and Wellfield commenced production as of Nov. 2023, according to details […]

Fission vs. Fusion – What’s the Difference?

(Duke Energy, 1.Oct.2024) — Look up during the day to see one of the most powerful examples of a nuclear reactor: the sun. Inside the […]