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Pennybacker Closes Purchase Miami LNG Business from New Fortress

(Aaron Simonsky, Energy Analytics Institute, 21.Nov.2024) — Pennybacker Capital Management, LLC, a real assets investment manager, completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy. The Miami LNG business is a strategically located liquefaction operation, equipped with one […]

SBM Offshore completes $1.5bn FPSO Jaguar financing

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 21.Nov.2024) — SBM Offshore completed the project financing of the floating production storage and offloading (FPSO) vessel Jaguar for a price of $1.5bn. The project financing was fully secured by a consortium of 16 international financial institutions, SBM said 21 Nov. 2024 in […]

“LatAmNRG matters” podcast: Roberto Salinas LeĂłn on narco candidates, El Chapo [audio]

MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 20.Nov.2024, Words: 148) — Mexico Business Forum head Roberto Salinas LeĂłn spoke with Pietro D. Pitts—for his Podcast “LatAmNRG Matters”—about Mexico: US-Mexico bilateral trade, the USMCA, El Chapo, a good and bad PetrĂłleos Mexicanos (Pemex), Pemex being the equivalent to a […]

Generation Mining Completes Optimization Work

(Generation Mining, 20.Nov.2024) — Generation Mining Limited provided an update on the project optimization work previously announced on 6 Jun. 20242 on the Marathon Palladium-Copper Project in Northwestern Ontario.  The optimization work focused on two key aspects: (1) optimization of the mine plan to maximize metal production and defer waste […]

ExxonMobil Withdraws from Suriname Block 52

(Piero Stewart, Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Exploration & Production Suriname B.V.  formally notified Suriname’s state-owned Staatsolie that it will withdraw from Suriname offshore Block 52 with an effective date of 14 Nov. 2024.  The withdrawal is part of ExxonMobil’s ongoing evaluation of assets in its global portfolio, Staatsolie said […]

Sheinbaum Targeting 2.3% Economic Growth for Mexico

(Energy Analytics Institute, 20.Nov.2024) — Mexico’s President Claudia Sheinbaum Pardo said the country’s economy would expand by 2.3%. “We are estimating economic growth of around 2.3%,” Sheinbaum said 20 Nov. 2024 during her daily mañanera briefing with the media. While her doubters say it is not possible, Sheinbaum reiterated that […]

BW LPG Takes Delivery of BW Capella Vessel from Avance Gas

(Energy Analytics Institute, 20.Nov.2024) — BW LPG Limited took delivery of vessel BW Capella on 20 Nov. 2024 from Avance Gas Holdings Ltd. The announcement follows on the 14 Aug. 2024 announcement from BW LPG regarding the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings […]

Fact sheet: $18.4bn Rio Grande LNG project and headwinds

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 20.Nov.2024, Words: 250) — Rio Grande LNG (RGLNG) is a LNG export facility located in Brownsville, Texas. At full development RGLNG is expected to deliver 27 million metric tonnes per annum (MTPA) of LNG.  The RGLNG proposal will supply a more sustainable […]

Chile’s SQM Reports 3Q:24 Results

(Energy Analytics Institute, 20.Nov.2024) — Sociedad QuĂ­mica y Minera de Chile S.A. reported a net loss for the nine months ended 30 Sep. 2024, of ($524.5)mn or ($1.84) per share, compared to $1,809.5mn or $6.33 per share reported for the same period last year.  Gross profit reached $1,033.3mn (29.9% of revenues) […]

ATCO and CPKC Finish Construction of Hydrogen Stations in Alberta

(CPKC, 20.Nov.2024) — Canadian Pacific Kansas City (CPKC) and ATCO EnPower, a division of Canadian Utilities Limited said construction of hydrogen production and refuelling facilities in Calgary and in Edmonton is now complete and the facilities are fully operational. As part of its innovative Hydrogen Locomotive Program, CPKC is retrofitting a […]

Ecopetrol Presents Climate Change Report [PDF Downloads]

(Ecopetrol, 20.Nov.2024) — Ecopetrol S.A. published its fourth TCFD report covering developments from 2023 and the first-half 2024.  The report highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. Consistent with international best practices, the Ecopetrol report was published […]

Amerlux Edges Toward Net Zero with Rooftop Solar Panel Project

(Amerlux, 20.Nov.2024) — Amerlux, a Delta Group company with design and manufacturing expertise in performance-grade lighting, announced it would install a 1.525 MW rooftop solar system at its global headquarters and manufacturing facility. This initiative underscores Amerlux’s commitment to achieving Net Zero Energy and leadership in sustainable lighting in the […]

LG Chem and ExxonMobil Ink MOU for Lithium Offtake

(Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate.  ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]

OPW Adds XL Vacuum-Jacketed Product for Cryogenic Market

(Energy Analytics Institute, 20.Nov.2024) — ACME Cryogenics, part of OPW Clean Energy Solutions and Dover revealed the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products.  The new VJP has been designed to help maintain cryogenic liquid’s extremely cold temperature, prevent leaks and transfer the […]

TotalEnergies and Oil India to Collaborate on Emissions Detection

(TotalEneriges, 19.Nov.2024) — TotalEnergies and Oil India Limited (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India. State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at […]

Eni Launches New HPC6 Supercomputer

(Eni, 19.Nov.2024) — Eni announces the completion and launch of a new supercomputing system (High Performance Computing – HPC) HPC6. HPC6 provides a significant increase in computational power to a peak of 606 PFlop/s, or over 600 quadrillion mathematical operations per second. The system has achieved a debut ranking of No.5. […]

Cooling the Planet: COP29 Affirms Global Climate Action

(UNEP, 19.Nov.2024) — Following the landmark launch of the Global Cooling Pledge at COP28, ministers and leaders from over 30 countries, joined by partners from intergovernmental organizations and civil society, came together at COP29 in Baku, Azerbaijan, to chart a bold path forward for sustainable cooling. The Ministerial Roundtable on Delivering the Global Cooling […]

Viridien Expands Industrial Cloud to US market

(Energy Analytics Institute, 19.Nov.2024) — Viridien launched its industrial Viridien Cloud for AI and HPC production at SuperComputing 2024 in the US.  The launch expands on Viridien Cloud’s established success in Europe, and offers tailored cloud solutions and end-to-end expertise to optimize compute-intensive production workloads for US industries, Viridien said […]

Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China

(Aramco, 18.Nov.2024) —  Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]

EAI’s ‘Africa NRG Insights’ investor report (FREE PDF download-prologue)

HOUSTON, TEXAS (Energy Analytics Institute, 15.Jun.2024, Words: 136) — Energy Analytics Institute‘s recently released ‘Africa NRG Insights’: Africa’s ‘Just’ Energy Transition: An Investor’s Perspective on Opportunities and Challenges, explores the continent’s resources and opportunities as well as its major headwinds. The full 42-page report taps into the insights and thoughts […]

Liberty Energy Comments on Chris Wright Appointment

(Liberty Energy, 18.Nov.2024) — Liberty Energy Inc. commented on the announcement by President-elect Donald J. Trump regarding his nomination of Mr. Chris Wright, Liberty’s Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Wright as Secretary of Energy […]

Equinor Brings on Deepsea Bollsta Rig

(Energy Analytics Institute, 18.Nov.2024) — Norway’s Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf.  The value of the contract for the firm period is calculated to be around $335mn, with planned start-up in the later part […]

Equinor Announces Ex. Dividend

(Energy Analytics Institute, 18.Nov.2024) — Equinor ASA announced a second quarter 2024 (2Q:24) ex. dividend second quarter. Shares of Equinor, effective 18 Nov. 2024, will be traded on Oslo BĂžrs exclusive of the 2Q:24 cash dividend as detailed below. —Ex. date: 18 Nov.2024 —Ordinary cash dividend amount: $0.35 —Extraordinary cash dividend […]

Enbridge Comments on Conversion Results for Series 9 Preferred Shares

(Energy Analytics Institute, 18.Nov.2024) — Calgary, Alberta-based Enbridge Inc. said none of its outstanding Cumulative Redeemable Preference Shares, Series 9 will be converted into Cumulative Redeemable Preference Shares, Series 10 on 1 Dec. 2024. After taking into account all conversion notices received from holders of its outstanding Series 9 Shares […]

MetGen and NewEnergyBlue to Create Biochemicals Refined from Agricultural Waste

(New Energy Blue, 18.Nov.2024) — NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, and MetGen, the Finnish pioneer in advanced enzymes and lignin fractionization, today began integrating their renewable technologies and business units to vigorously compete with fossil-carbon products not just […]

Carbon Mapper Achieves First Tanager-1 Methane Mitigation Success

(Carbon Mapper, 16.Nov.2024) — Carbon Mapper released over 300 methane and CO2 plume detections today— its first tranche of emissions data based on observations from the Tanager-1 satellite which was launched in Aug.  Tanager-1 is built and operated by Planet Labs PBC and made possible by the Carbon Mapper Coalition, […]

Sinopec Showcases Green Development Achievements at COP29 

(Sinopec, 15.Nov.2024) — In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical […]

Equinor Finds Oil and Gas in the North Sea

(Energy Analytics Institute, 15.Nov.2024) — Norway’s Equinor said an exploration well with sidetrack has been drilled about 10 km north of the Troll field in the North Sea where petroleum was struck in both well trajectories. The discovery is estimated to hold between 13-28 million barrels of oil equivalent (MMboe), […]

CFE Readies for Tropical Storm Sara

(Energy Analytics Institute, 15.Nov.2024) — The Federal Electricity Commission (CFE) said it has specific plans for emergency response, of which the priority is to establish the mechanisms for timely decision-making in the event of the electricity supply being affected by natural phenomena. According to the trajectory forecast and the radius […]

PNM Reaches Settlement in Principle in 2025 Rate Request

(Energy Analytics Institute, 15.Nov.2024) — PNM, a wholly-owned subsidiary of TXNM Energy, filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM’s 2025 Rate Request application. In order to facilitate the completion of a comprehensive stipulation, parties filed […]

NASA, Peru Agree to Study Potential Sounding Rocket Campaign

(NASA, 14.Nov.2024) — NASA and Peru’s National Commission for Aerospace Research and Development (CONIDA) laid the groundwork for a potential multi-year scientific rocket launch campaign in the South American country. Both countries signed a non-binding memorandum of understanding Thursday that includes safety training, a joint feasibility study for the potential […]

Saipem inks $1.9bn contract for GranMorgu project offshore Suriname

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 14.Nov.2024, Words: 418) — Saipem has been awarded an $1.9bn EPCI contract by TotalEnergies subsidiary TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project offshore Suriname. Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance […]