Energy Analytics Institute (EAI)

Petrobras Comments on RNEST

(Petrobras, 14.Sep.2023) — Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 29 June 2023, the […]

Petrobras Inks Deal to Evaluate Renewable Energy Opportunities

(Petrobras, 14.Sep.2023) — Petrobras informs that on 14 September 2023 it signed a non-binding memorandum of understanding with TotalEnergies and Casa dos Ventos to evaluate […]

Aris Starts Trading on NYSE American LLC as “ARMN”

(Aris Mining, 14.Sep.2023) — Aris Mining Corporation’s (TSX: ARIS) (NYSE-A: ARMN) common shares will commence trading on the NYSE American LLC at market open today […]

ConocoPhillips Add Long-Term Agreement for European Regas Capacity

(ConocoPhillips, 14.Sep.2023) — ConocoPhillips (NYSE: COP) announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification […]

Citgo Petroleum Prices $1.10bn Senior Secured Notes

(Citgo, 14.Sep.2023) — Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration […]

Petrobras Inks Partnership with WEG for Onshore Wind

(Petrobras, 13.Sep.2023) — Petrobras has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt […]

APA Corporation and TotalEnergies Launch Block 58 Development Studies

(APA Corporation, 13.Sep.2023) — APA Corporation (Nasdaq: APA) and TotalEnergies have announced the launching of development studies for a large oil project in Block 58, […]

Ecopetrol Updates on Refinería de Cartagena and Arbitration Proceeding

(Ecopetrol, 11.Sep.2023) — Ecopetrol issues the following response in relation to the statement on 8 September 2023 by McDermott International regarding its intention to start financial restructuring […]

TotalEnergies Eyes Studies for 200,000 b/d Project in Suriname’s Block 58

(TotalEnergies, 13.Sep.2023) — On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President […]

Guyana Receives Bids for Eight Blocks, Including from Exxon, Total

(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil […]

United to Buy up to One Billion Gallons of SAF from Cemvita

(United/Cemvita, 13.Sep.2023) — Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of sustainable aviation fuel (SAF) from Cemvita’s first full-scale […]

Ecovyst Plans Expansion of Kansas City, KS Silica Catalyst Production Capability

(Ecovyst, 13.Sep.2023) — Ecovyst Inc. announced plans to expand silica catalyst production capability at its manufacturing facility in Kansas City, KS. The company expects that growing […]

Citgo Valued at $32bn-$40bn Ahead of Auction of Shares

(Reuters, 12.Sep.2023) — Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a […]

Chevron Acquires Majority Stake in Hydrogen Project in Delta, Utah

(Chevron, 12.Sep.2023) — Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of […]

Which Creditors Will Have Priority for Citgo Share Auction?

(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned […]

BP CEO Looney to Resign After Personal Relationships with Colleagues

(Reuters, 12.Sep.2023) — BP CEO Bernard Looney has stepped down after less than four years in office for failing to fully disclose details of past […]

Aris Mining Reports Record Segovia Gold Production

(Aris Mining, 11.Sep.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces record gold production of 19,406 ounces at its Segovia Operations in Colombia during August 2023, the highest monthly […]

Ecopetrol Adjusts its 2040 Strategy, Called “Energy that Transforms”

(Ecopetrol, 11.Sep.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that as part of the Investor Day celebration at the New York Stock Exchange (NYSE), on 11 September […]

Eni Tops TotalEnergies as Africa’s Top Producer

(Energy Analytics Institute, 11.Sep.2023) — Eni actually takes the top spot as Africa’s top producer, not TotalEnergies, according to Welligence Energy Analytics. Producing around 900,000 […]

Colombia Mulls Making Ecopetrol Mandatory Partner in Offshore Wind Farms

(Reuters, 11.Sep.2023) — Colombia’s government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three […]

McDermott to Position Company for Long-term Success

(McDermott, 8.Sep.2023) — McDermott International, Ltd has entered into a transaction support agreement with more than 75%, in aggregate, of its secured letter of credit […]

CarbonClear Buys Carbon Credits from iluméxico

(CarbonClear, 8.Sep.2023) — CarbonClear, a data-driven carbon credit standard, facilitated Uber Mexico‘s purchase of carbon credits from iluméxico through Apala Group. This landmark transaction signifies […]

Schneider Electric to Build Sustainable and Energy Efficient Homes

(Schneider Electric, 7.Sep.2023) — Schneider Electric is renewing its long-standing partnership with Habitat for Humanity International. Through the partnership, Schneider Electric will contribute nearly $800,000 in monetary […]

Bristow and Volocopter to Bring UAM Services to US and UK

(Bristow, 7.Sep.2023) — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, and Volocopter, the pioneer of Urban Air Mobility […]

Arena Energy and White Fleet Drilling Christen Refurbished Jack-Up Drilling Rig

(Arena Energy, 7.Sep.2023) — Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, and White Fleet Drilling, LLC, […]

Repsol Sells E&P Assets in Canada for $468mn

(Repsol, 7.Sep.2023) — Repsol agreed to sell its oil and gas assets in Canada to Peyto for $468mn (approximately €433mn) as part of its ongoing […]

Repsol Enters US Onshore Wind Market with Acquisition of ConnectGen

(Repsol, 7.Sep.2023) — Repsol has taken a significant step to accelerate its multi-energy transformation to net zero emissions by 2050. The Spanish company signed today […]

Touchstone Commences Cascadura Production

(Touchstone, 7.Sep.2023) — Touchstone Exploration Inc (TSX, LSE: TXP) announces that the Cascadura natural gas and liquids facility has safely delivered first production. Touchstone has […]

Ecopetrol to Host Investor Day on Strategy 2040

(Ecopetrol, 6.Sep.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that next Monday, 11 September 2023, it will hold an Investor Day to commemorate the company’s 15th anniversary of […]

Equinor Expands Renewable Portfolio in Poland

(Equinor, 5.Sep.2023) — Equinor has acquired a 26 MW onshore wind farm in Poland from the Helios Group. With this investment, Equinor expands its broad […]

Venture Global and Baker Hughes Expand Master Equipment Supply Agreement

(Venture Global, 5.Sep.2023) — Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than […]

African School of Regulation Launches during African Climate Summit

(The Rockefeller Foundation, 5.Sep.2023) — The African School of Regulation (ASR) officially launched today during the Africa Climate Summit 2023, which is co-hosted by the […]

An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]

(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt […]

Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1

(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for […]

Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans

(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion […]

UK to Struggle to Meet Ambitious 2030 CCUS Targets

(WoodMac, 5.Sep.2023) — The global CCUS project pipeline is buoyant but scaling up needs concerted and consistent effort from governments. Only a handful of countries […]

bp Enters LNG Offtake Deal for British Columbia LNG Facility

(bp, 5.Sep.2023) — bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. […]

Petrobras Executes First Purchase of Carbon Credits

(Petrobras, 5.Sep.2023) — Petrobras has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent […]

Petrobras Updates on Asset Divestments

(Petrobras, 4.Sep.2023) — Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new […]

Petrobras Inks Biofuels Agreement

(Petrobras, 4.Sep.2023) — Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities), a multi-strategy equity investment fund of the Mubadala […]

Two COSL Rigs Awarded Drilling Contracts

(Equinor, 31.Aug.2023) — Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract […]

EAI’s NRGBriefs: Aug. 2023

(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process […]

Equinor Acquires Stake in Bayou Bend CCS Project

(Equinor, 28.Aug.2023) — Equinor has acquired a 25% interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and […]

Petrobras Inks Deals with Chinese Banks

(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating […]

Petrobras Inks Closing of Golfinho and Camarupim Clusters

(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the […]

Petrobras Inks Deal with CDB and Bank of China

(Petrobras, 28.Aug.2023) — Petrobras has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating […]

Petrobras Inks Closing of Golfinho and Camarupim Clusters

(Petrobras, 28.Aug.2023) — Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the […]

Coast Guard to Host Exercise in Corpus Christi

(Port of Corpus Christi, 25.Aug.2023) — The Port of Corpus Christi and United States Coast Guard (USCG) Sector Corpus Christi are co-sponsoring a full-scale exercise, […]

STRYDE Launches In-field Data Service

(STRYD, 24.Aug.2023) — STRYDE unveiled its new, novel integrated in-field data processing service, STRYDE Lens. This innovative solution is tailored to offer expedited access to […]

Touchstone Updates on Ortoire Operations

(Touchstone, 24.Aug.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an update on Royston-1X well production testing, commissioning of the Cascadura natural gas and liquids […]