Energy Analytics Institute (EAI)

Uganda on $4bn Financing for Domestic Refinery

(Uganda Government, 23.Jan.2024) — Final negotiations for the financing and construction of Uganda’s $4bn domestic refinery began this month after Alpha MBM Investments from the […]

BP sees Trinidad Deepwater Gas Getting Greenlight as soon as 2025

(Reuters, 23.Jan.2024) — BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy to get the greenlight when a […]

Venezuela: Arrests and Detentions of Opposition, Civil Society

(US State Department, 23.Jan.2024) — The United States is deeply concerned by the issuance of arrest orders and detentions against at least 33 Venezuelans, including […]

Coretrax Starts 2024 with Clutch Contracts, Ambitious Growth Plans

(Coretrax, 22.Jan.2024) — Coretrax, involved in oil and gas well integrity and production optimisation, is set for further growth with five multi-year contract wins secured for […]

W&T Offshore Closes Acquisition of Six GOM Fields

(W&T Offshore, 22.Jan.2024) — W&T Offshore, Inc. (NYSE: WTI) has completed the accretive acquisition of six fields in shallow waters of the Gulf of Mexico. […]

Sunoco to Buy NuStar in Deal Valued at $7.3bn

(Reuters, 22.Jan.2024) — Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an […]

Exxon Activists Banished Best with Vote, Not Court

(Reuters, 22.Jan.2024) — Exxon Mobil (XOM.N), opens new tab is trying to banish a climate activist proposal in a Texas court. The $385 billion oil giant would be […]

Petrobras Informs Resignation, Appointment of BODs Member

(Petrobras, 22.Jan.2024) — Petrobras received a letter of resignation from Mr. Efrain Pereira da Cruz from the position of Board Member and member of the […]

PM Rowley Attends 2024 Opening of Trinidad Energy Conference

(Office of the PM of Trinidad and Tobago, 22.Jan.2024) — Prime Minister Dr the Hon. Keith Rowley officially opened the 2024 Energy Conference and Trade […]

Trinidad in Talks with Europe to Supply Venezuelan Gas

(Reuters, 22.Jan.2024) — Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, […]

DeepOcean Completes Trenching Project in US GOM

(DeepOcean, 22.Jan.2024) — The US operation of ocean services provider DeepOcean has successfully completed the burial of a fuel support pipeline in the US Gulf […]

S&P Maintains Ecopetrol’s Credit Rating at BB+

(Ecopetrol, 19.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that S&P Global Ratings modified the outlook of Ecopetrol’s credit rating from stable to negative, […]

US Court Accepts $20.8bn in Claims Against Venezuela in Citgo Auction

(Reuters, 19.Jan.2024) — A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from […]

Port of Corpus Christi Moved Record Tonnage in 2023

(Port of Corpus Christi, 18.Jan.2024) — Port of Corpus Christi customers set a new high mark in annual tonnage during 2023, moving more than 200 […]

CGG to Support Critical Mineral Exploration in Mongolia

(CGG, 18.Jan.2024) — CGG has been selected by the French government as a technical partner to support the LiMongolia project, a joint initiative by the […]

Ecopetrol Says to Conduct Further Tests at Arauca 8 Well

(Energy Analytics Institute, 18.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) said that in order to determine the materiality of the Arauca 8 well discovery, […]

Port of Corpus Christi Surpassed 200Mt for First Time in 2023

(Port of Corpus Christi, 18.Jan.2024) — Port of Corpus Christi customers set a new high mark in annual tonnage during 2023, moving more than 200 […]

Mark Loquan Departs NGC after Eight Year Tenure

(NGC, 18.Jan.2024) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to announce that Mark Loquan will not renew his contract with […]

Ecopetrol Reveals Senior Management Changes

(Ecopetrol, 17.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, the following changes will be made in its senior management: Alejandro Arango, who has been […]

Trinidad Energy Chamber Comments on Paria Incident

(The Energy Chamber, 17.Jan.2024) — The Energy Chamber of Trinidad & Tobago welcomes the fact that the report from the Commission of Enquiry into the […]

Cochilco Eyes Higher Copper Prices in 2024-25

(Energy Analytics Institute, 17.Jan.2024) — Cochilco expects its average copper price to reach $3.85 per pound (lb) in 2024. This compares to $3.80/lb in 2023, […]

Staatsolie’s Jagesar Emphasizes Need for National Model

(Energy Analytics Institute, 17.Jan.2024) — Staatsolie managing director Annand Jagesar emphasized the importance of developing a national model for regulation, exploration and development. Jagesar’s comments […]

NGC Green Joins NGC Group of Companies

(NGC, 17.Jan.2024) — Over the past few years, the local energy sector has been embracing the transition towards a cleaner energy future. NGC has been […]

Talos Reveals Commencement of Underwritten Public Offering

(Talos, 17.Jan.2024) — Talos Energy Inc. (NYSE: TALO) commenced an underwritten public offering of $300mn of shares of its common stock, par value $0.01 per share. The company expects […]

Gas Prices Down 45% as 2024 Set to Remain Bearish

(Wood Mackenzie, 17.Jan.2024) — The market sentiment for gas and liquefied natural gas (LNG) will remain bearish into 2024 with European prices having fallen by […]

Dtek Buys Stryde Seismic System for Ukraine Exploration

(Stryde, 17.Jan.2024) — Stryde agreed a deal to provide Ukraine’s leading and biggest private energy operator, Dtek Oil&Gas with 30,000 Stryde™ and its Nimble System™ […]

Ecopetrol Prices Cash Tender Offer for Outstanding 4.125% Notes due 2025

(Ecopetrol, 16.Jan.2024) — Ecopetrol S.A. (NYSE: EC) announced the tender offer consideration (the “Total Consideration”) payable in connection with the previously announced cash tender offer […]

Exxon to Buy Another 1.2 mtpa of LNG from Mexico Pacific

(Reuters, 16.Jan.2024) — Mexico Pacific said on Tuesday it had reached a deal to supply Exxon Mobil with an additional 1.2 million tonnes per annum […]

OFAC Updates on PDVSA Bond, Transactions [PDF Download]

(Energy Analytics Institute, 16.Jan.2024) — The US Office of Foreign Assets Control (OFAC) authorized certain transactions related to state-owned Petróleos de Venezuela, S.A.‘s 2020 8.5% […]

Aker BP and DeepOcean Finish Autonomous Inspection Trials

(DeepOcean, 16.Jan.2024) — DeepOcean and Aker BP successfully completed subsea trials with an Autonomous Inspection Drone (AID) at the Aker BP operated Alvheim field in […]

Port of Corpus Christi Commission Names New Officers

(The Port of Corpus Christi, 16.Jan.2024) — The Port of Corpus Christi Commission named new officers and announced two new Commissioners who took their oaths […]

Exergy Supports Decarbonization in Turkey

(Exergy International, 16.Jan.2024) — Exergy International, a global provider of clean energy technology, leader in new generation geothermal ORC power plants, yesterday signed a contract […]

Coretrax Buys Well Technology, Secures Fresh Deals

(Coretrax, 16.Jan.2024) — Coretrax, a global leader in oil and gas well integrity and production optimisation, has strengthened its well intervention capabilities after acquiring a complementary […]

Strohm Completes First TCP Jumper in West Africa

(Strohm, 16.Jan.2024) — Strohm, the world’s first and leading TCP technology company, has supplied TotalEnergies with a thermoplastic composite pipe (TCP) Jumper, which has been […]

1PointFive and Trafigura Announce DAC Credit Agreement

(1PointFive, 16.Jan.2024) — 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, and Trafigura, a market leader in the global commodities industry, announced that Trafigura […]

US Corporate Defaults Fueled 80% Jump in Global Tally in 2023

(S&P Global Ratings, 16.Jan.2024) — The number of global corporate defaults rose 80% in 2023, S&P Global Ratings Credit Research & Insights said today in […]

Mexico Pacific Inks Optional LNG Offtake with ExxonMobil

(Mexico Pacific, 16.Jan.2024) — Mexico Pacific signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 […]

Guyana’s Finance Minister Presents 2024 Budget [PDF Download]

(Guyana’s Finance Ministry, 15.Jan.2024) — Guyana’s Finance Minister Dr. Ashni K. Singh, M.P presenting the South American country’s budget for 2024, highlighting the nascent oil […]

Talos Announces Strategic $1.3bn Acquisition of QuarterNorth

(Talos, 15.Jan.2024) — Talos Energy Inc. (NYSE: TALO) announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. for $1.29bn (the “Transaction”). QuarterNorth is […]

Aker BP 4Q:23 Trading Update

(Aker BP, 15.Jan.2024) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) announces its preliminary production and sales figures for the fourth quarter 2023. The company’s equity […]

Xergy Opens News Offices in Australia and Scotland

(Xergy, 15.Jan.2024) —Technology company, Xergy, has opened new offices in Perth, Australia, and Dundee in Scotland to support increasing demand for its project management software, […]

Golden Arrow Announces $5mn Option Agreement

(Golden Arrow, 12.Jan.2024) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) announced that New Golden Explorations Chile SpA (NGE), a wholly-owned subsidiary of the company, […]

NASA Picks 12 Companies for Space Station Contract

(NASA, 12.Jan.2024) — NASA selected 12 companies to provide research, engineering, and mission integration services for the International Space Station Program. The $478mn Research, Engineering & Mission […]

SLB and Nabors to Scale Automation Solutions

(Nabors, 12.Jan.2024) — SLB (NYSE: SLB) and Nabors Industries (NYSE: NBR) announced a collaboration to scale the adoption of automated drilling solutions for oil and […]

Aspen Aerogels Provides Business Update

(Aspen Aerogels, 11.Jan.2024) — Aspen Aerogels, Inc. (NYSE: ASPN), a technology company in sustainability and electrification solutions, today announced preliminary full year 2023 revenue results, a […]

Chesapeake and Southwestern Combine in $7.4bn Deal

(Chesapeake, 11.Jan.2024) — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) have entered into an agreement to merge in an all-stock transaction […]

Ecopetrol Shareholders’ to Amend Bylaws [PDF Download]

(Ecopetrol, 11.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that during the extraordinary general shareholders’ meeting held on 10 Jan. 2024, previously called in accordance with […]

Arena Creates Artificial Reef in US GOM

(Arena, 11.Jan.2024) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently established an artificial reef […]

IMF Unlocks $4.7bn for Argentina Amid Economic Crisis

(Al Jazeera, 11.Jan.2024) — Argentina and the International Monetary Fund (IMF) have finalised an agreement to release $4.7bn as part of a debt restructuring plan for the […]

YPF Sells $800mn Bond to Fund Debt Buyback

(Bloomberg, 10.Jan.2024) — Argentina’s state-owned oil driller YPF SA tapped international investors with a new dollar bond to help finance a buyback of existing debt, […]