Energy Analytics Institute (EAI)

Petroleum sanctions in Venezuela [PDF download]

CARACAS, VENEZUELA (Energy Analytics Institute, 28.Jan.2024) — If the US experiences the return of Donald Trump as president, or if in Venezuela Maria Corina Machado’s […]

Biden-Harris List Top Climate Accomplishments

(Energy Analytics Institute, 28.Jan.2024) — US President Joe Biden said 28 Jan 2024 on X, formerly Twitter, that “climate action offers an opportunity for the […]

Venezuela Court Disqualifies Leading Opposition Candidate

(Al Jazeera, 27.Jan.2024) — Venezuela’s Supreme Justice Tribunal has upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, upending the opposition’s […]

Leaders on Biden-⁠Harris Pause on Pending Decisions of LNG Exports

(The White House, 27.Jan.2024) — This week, the Biden-Harris Administration announced a temporary pause on pending decisions for exports of Liquefied Natural Gas (LNG). During this period, […]

YPF SA names Horacio Daniel Marin as president

HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 26.Jan.2024, Words: 34) — Argentina’s state-owned energy giant YPF SA announced the appointment of Horacio Daniel Marin as […]

Petrobras Proved Reserves Reach 10.9 Billion Boe in 2023

(Petrobras, 26.Jan.2024) — Petrobras discloses its proved reserves of oil, condensate, and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at […]

Petrobras Reaches 2023 Production Target

(Petrobras, 26.Jan.2024) — Petrobras reached total oil and natural gas production of 2.78 MMboed in 2023, 3.7% higher than the production recorded in 2022. Commercial […]

Democratic Leaders Response to Biden’s US LNG Export Decision

(The Natural Allies Leadership Council, 26.Jan.2024) — The Natural Allies Leadership Council, including former Senator Mary Landrieu (D-LA), former Congressman Tim Ryan (D-OH), former Congressman […]

DOE Halting LNG Export Projects

(DOE, 26.Jan.2024) — The United States Department of Energy (DOE) today provided notice that it will initiate a process to update the assessments used to […]

Petrobras on Board Member Appointment

(Petrobras, 26.Jan.2024) — Petrobras, further to the announcement made on 01/22/2024, informs that its Board of Directors has appointed Mr. Renato Campos Galuppo as a […]

Norfolk Reports 4Q:23 and FY: 23 Results

(Norfolk, 26.Jan.2024) — Norfolk Southern Corporation (NYSE: NSC) announced its fourth quarter and full-year 2023 financial results. For the quarter, income from railway operations was […]

RPC Reports 4Q:23, FY:23 Financial Results

(RPC, 25.Jan.2024) — RPC, Inc. (NYSE: RES) announced its unaudited results for the fourth quarter and full year ended 31 Dec. 2023. * Non-GAAP and […]

Kootenay Updates Estimates at La Cigarra Project, Chihuahua Mexico

(Kootenay, 25.Jan.2024) — Kootenay Silver Inc. (TSXV: KTN) announced an updated Mineral Resource Estimate (“MRE”) on its 100% owned La Cigarra Project, located in the Parral […]

Talos Announces Pricing of Two Upsized Offerings

(Talos, 25.Jan.2024) — Talos Energy Inc. (NYSE: TALO) announced that its wholly owned subsidiary Talos Production Inc. priced an upsized offering of $625mn in aggregate […]

Aker BP awarded 27 licenses in APA 2023

(Aker BP, 25.Jan.2024) — The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA […]

Golden Agri-Resource, Verborg Forge Strategic Partnership

(Golden Agri-Resources, 25.Jan.2024) — Golden Agri-Resources (GAR), a global agribusiness and palm oil producer, is pleased to announce a strategic partnership with Verborg Group, a […]

Biden-Harris Earmark $254mn to Decarbonization

(DOE, 25.Jan.2024) — In support of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced $171mn for 49 projects across 21 states […]

Earnings Look Forward, Highlighting Deltas: Evercore ISI

(Evercore ISI, 24.Jan.2024) — It became clear a number of weeks ago that this was not the quarter for all the gory detail on current […]

Origis Energy Secures $317mn in Project Tax Equity with J.P. Morgan

(Origis Energy, 24.Jan.2024) — Origis Energy, one of America’s leading renewable energy and decarbonization solution platforms, today announced it has secured $317mn in project tax […]

SLB Joins LOT Network to Safeguard Innovation from Patent Litigation

(SLB, 24.Jan.2024) — SLB has joined other technology leaders such as Tesla, Microsoft, and Cisco to become part of the world’s largest patent licensing platform, […]

The US and Angola: Partnering for Prosperity

(US State Department, 24.Jan.2024) — Secretary Antony J. Blinken will visit Luanda, Angola, 24-25 Jan. 2024, where he will meet with President João Lourenço and Foreign Minister Tete Antonio to discuss […]

Petrobras Interested in Area under Production Sharing Regime

(Petrobras, 24.Jan.2024) — Petrobras expressed to the National Energy Policy Council (CNPE) its interest in the right of first refusal in a block to be […]

Bristow Enters Into New Equipment Financing for up to £55mn

(Bristow Group, 24.Jan.2024) — Bristow Group Inc. (NYSE: VTOL) and its subsidiaries entered into a new twelve-year secured equipment financing for an aggregate amount up […]

TD Cowen Downgrades Chevron Stock

(Energy Analytics Institute, 24.Jan.2024) — TD Cowen downgraded Chevron Corporation’s stock to Market Perform based on its view that Permian and TCO could continue to […]

Aquaterra Inks Three-year Analysis Deal with UK Operator

(Aquaterra Energy, 23.Jan.2024) — Aquaterra Energy, involved in global offshore energy engineering solutions, has secured a three-year contract with a leading UK independent exploration and […]

Recording-Setting Transactions in 4Q:23 Worth for Upstream M&A

(Enverus, 23.Jan.2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of Q4 and full-year 2023 upstream merger and acquisition (M&A) […]

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 […]