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QatarEnergy and TotalEnergies to Partner in Solar Project in Iraq

(Energy Analytics Institute, 28.Oct.2024) — QatarEnergy inked a partnership agreement with the French oil giant TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in Iraq. Per the agreement, which is subject to regulatory approvals, QatarEnergy will buy a 50% interest […]

Power Nickel CEO Lynch Comments on Lion Zone Drilling Campaign

(Energy Analytics Institute, 28.Oct.2024) — Power Nickel Inc. announced the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery. “Today we announced the biggest intersection we have to date with 39.6 m of 4.19% CuEq. This is incredibly […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 25 Oct. 2024

(Energy Analytics Institute, 25.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 25 Oct. 2024. —Argentina: Oil production reached 740.8 Mb/d in Sep. 2024, up 14.7% y-o-y, while gas production reached 147.1 MMcm/d, up 2.9% y-o-y, the Secretariat of Energy said. —Argentina: Argentine gas […]

enCore Energy Expanding Uranium Production at Alta Mesa Plant

(enCore Energy, 25.Oct.2024) — enCore Energy Corp., a uranium producer and America’s Clean Energy Companyℱ, provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“Alta Mesa CPP”) and Wellfield. The company has achieved an important milestone in the […]

Venezuela’s energy minister Delcy RodrĂ­guez talks energy during stop in New Delhi

PANAMA CITY, PANAMA (Energy Analytics Institute, 25.Oct.2024) — Venezuela’s Executive Vice President Delcy RodrĂ­guez held a meeting with her Indian counterpart Jagdeep Dhankhar in New Delhi, India to evaluate the participation of the giant Asian country in the development and establishment of new joint projects in Venezuela.  During her visit, […]

Petrobras Updates on Nitrogen Fertilizer Project

(Petrobras, 25.Oct.2024) — Petrobras‘  Board of Directors decided to continue implementing the Nitrogen Fertilizer Unit (UFN-III), located in TrĂȘs Lagoas (MS). The decision is based on a careful re-evaluation of the project which, considering the premises of the Strategic Plan 2024-2028 (SP 2024-2028), had its economic attractiveness confirmed for this […]

Eni Reports 3Q:24 Financial Results (PDF Downloads)

(Eni, 25.Oct.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the third quarter and nine months of 2024. Eni CEO Claudio Descalzi said: “In Q3, by delivering a performance ahead of expectations, we have again demonstrated the resilience of our business model […]

KMI Signs Golden Pass to New Texas Pipeline

(East Daley Analytics, 25.Oct.2024) — Kinder Morgan (KMI) has launched a binding open season for Trident Intrastate Pipeline, a new project designed to deliver up to 2.8 Bcf/d of gas from the Katy hub to the Port Arthur area near the Texas-Louisiana border. With Golden Pass LNG on board as […]

Eni Set Outs Decarbonization and Relaunch Plan for Versalis

(Eni, 24.Oct.2024) — As first announced at the presentation of its 2024-2027 Strategic Plan, Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about €2bn of investment and aims to reduce emissions by approximately 1 million […]

Agnico Eagles Reveals Investment in Apex Resources

(Energy Analytics Institute, 24.Oct.2024) — Agnico Eagle Mines Limited agreed to subscribe for 33,869,939 units of ATEX Resources Inc. in a non-brokered private placement at a price of C$1.63 per unit for total consideration of US$40,000,000 (approximately C$55,208,000).  Each unit consists of 1 common share of ATEX and one-half of […]

TechnipFMC Announces 3Q:24 Results (PDF Download)

(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production systems contracts, from the U.S. Gulf of Mexico on the bp Kaskida project, as well as other projects. ____________________ By Editors at Energy Analytics Institute. […]

Mexico Pacific working with financial advisors for financing for Saguaro LNG, executive says

HOUSTON, TEXAS (Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (MTPA) Saguaro EnergĂ­a LNG Facility on Mexico’s Pacific Coast and and the associated Sierra Madre Pipeline, continues with work related to a final investment decision (FID) […]

Eni Inks Deal for KKR to Enter Enilive’s Share Capital

(Eni, 24.Oct.2024) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938bn. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500mn; 2) […]

Eni’s BODs on Distribution to Shareholders

(Eni, 24.Oct.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to shareholders the second of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of €0.25 (compared to a total annual provision, in place of the dividend, equal […]

MODEC Completes Errea Wittu Hull Assembly

(Energy Analytics Institute, 23.Oct.2024) — MODEC, Inc. successfully completed the hull block assembly for the Errea Wittu FPSO 40 days ahead of the original schedule. The vessel to be designated for Guyana is under construction at the shipyard in China and is expected to start oil production in 2026, MODEC […]

Core Laboratories Reports 3Q:24 Results (PDF Download)

(Core Lab, 23.Oct.2024) — Core Laboratories Inc. reported third quarter 2024 revenue of $134,400,000. Core’s operating income was $19,800,000, with diluted earnings per share (“EPS”) of $0.25, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $18,200,000, yielding operating margins of […]

Equinor to Begin 4th tranche of share Buy-Back for 2024

(Equinor, 23.Oct.2024) — Equinor will on 25 Oct. 2024 commence the fourth and final tranche of up to $1.6bn of the share buy-back programme for 2024, as announced in relation with the third quarter results 24 Oct. 2024. In this fourth tranche, shares for up to $528mn will be purchased […]

Equinor Reports 3Q:24 Total Equity Production of 1,984 Mboe/d

(Equinor, 23.Oct.2024) — Equinor delivered adjusted operating income* of $6.89bn and $2.04bn after tax in the third quarter of 2024. Equinor reported net operating income of $6.91bn and net income at $2.29bn. Adjusted net income* was $2.19bn, leading to adjusted earnings per share* of $0.79. Financial and operational performance Strategic […]

Venezuela’s Maduro and Russia’s Putin discuss strategic alliances during BRICS Summit

PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2024, Words: 211) — Venezuela’s President NicolĂĄs Maduro held at least one meeting with his Russian counterpart Vladimir Putin within the framework of the XVI BRICS summit, taking place in Kazan, Russia. Discussions between the two leaders revolved around strategic relations between Caracas and […]

Bureau Veritas Reports Strong 3Q:24 Organic Revenue Growth

(Bureau Veritas, 23.Oct.2024) — France-based Bureau Veritas provided an update of its third-quarter 2024 financial and operations details. Hinda Gharbi, Chief Executive Officer, commented: “We continued the execution of our LEAP |28 strategy in the third quarter, and we are actively managing our portfolio. We have completed three acquisitions, representing […]

Mexico to offer monetary assistance to Cuba amid blackouts impacting the island

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 23.Oct.2024, Words: 111) — Mexico’s president Claudia Sheinbaum said her government would offer Cuba, which is suffering from widespread blackouts, monetary assistance as well as assistance  through the Federal Electricity Commission (CFE by its Spanish acronym). Sheinbaum, speaking on 23 Oct. 2024 […]

Dover Fueling Solutions Launches New EV Charger

(Dover, 23.Oct.2024) — Dover Fueling Solutions (“DFS”), a part of Dover and a global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of the Wayne PWRℱ DC fast charger. This new electric vehicle charger (EVC) addresses critical market gaps in […]

GeoPark Argentina Approved to Issue up to $500mn in Debt

(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited’s wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (ComisiĂłn Nacional de Valores or “CNV” by its Spanish acronym) to issue up to $500mn in debt securities over the next five years.  Additionally, GeoPark Argentina has obtained an “AA+(arg)” […]

Smoke Development on the Sleipner B Platform

(Equinor, 22.Oct.2024) — Equinor announced that the emergency vessels Skandi Mongstad and Esvagt Bergen have used seawater to cool down the Sleipner platform from a distance during the day. The vessels will remain stationed outside the unmanned Sleipner B platform and monitor the situation for as long as necessary. A […]