(Energy Analytics Institute, 28.Oct.2024) â 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 […]
CNOOC Reports Record High Net Production and Net Profit in 3Q:24
(CNOOC Limited, 28.Oct.2024) â CNOOC Limited and 80883 announces its operating results for the third quarter of 2024. In the first three quarters of 2024, CNOOC Limited continued to increase its reserves and production, while effectively controlling costs and enhancing efficiency. Net production and net profit rose remarkably year over […]
Power Nickel CEO Lynch Comments on Lion Zone Drilling Campaign
(Energy Analytics Institute, 28.Oct.2024) â 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 […]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Energy Analytics Institute, 28.Oct.2024) â Baker Hughes signed significant contracts with Brazilâs state-owned Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazilâs pre-salt fields. The companies inked the agreements on 15 Oct. 2024, following an open tender. The multi-year project includes risers and flowlines for […]
New Fortress Completes 3rd Loading Offshore Altamira
(Energy Analytics Institute, 25.Oct.2024) â New Fortress Energy Inc.âs (NFE) initial Fast LNG unit completed its third cargo loading on 25 Oct. 2024. The cargo has been loaded onto the BW Pavilion and is setting sail for NFEâs operation in Puerto Rico, NFE said 25 Oct. in an official statement. […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 25 Oct. 2024
(Energy Analytics Institute, 25.Oct.2024) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 25 Oct. 2024. âArgentina: 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. âArgentina: Argentine gas […]
Argentina Oil & Gas Patagonia: 25 Oct. Photo Journal
(Energy Analytics Institute, 25.Oct.2024) â Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
ONEOK awaiting Saguaro LNG 1 FID to proceed with pipeline project
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 25.Oct.2024, Words: 146) â ONEOK Inc., which is looking to construct the Saguaro Connector Pipeline in Texas, said a final investment decision (FDI) is necessary to proceed with the potential pipeline project. “Mexico Pacific is currently working to complete project financing for its […]
enCore Energy Expanding Uranium Production at Alta Mesa Plant
(enCore Energy, 25.Oct.2024) â enCore Energy Corp., a uranium producer and America’s Clean Energy Companyâą, 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 […]
Exxon Mobil, Qatar Get 3-year Extension to Build their LNG Plant in Texas
(Reuters, 25.Oct.2024) â Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in […]
Borr Drilling Announces Certain Preliminary 3Q:24 Results, Mexican Impacts
(Borr Drilling, 25.Oct.2024) â Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 Sep. 2024. For the three months ended 30 Sep. 2024, the company expects: (i) total operating revenues of approximately $242mn, (ii) operating income of approximately $84mn, and (iii) Adjusted EBITDA of approximately $116mn. […]
NASA Welcomes Chile as Newest Artemis Accords Signatory
(NASA, 25.Oct.2024) â Chile signed the Artemis Accords during a ceremony hosted by NASA Administrator Bill Nelson at the agency’s headquarters in Washington, becoming the 47th nation and the seventh South American country to commit to the responsible exploration of space for all humanity. “Today we welcome Chile’s signing of […]
Venezuela’s energy minister Delcy RodrĂguez talks energy during stop in New Delhi
PANAMA CITY, PANAMA (Energy Analytics Institute, 25.Oct.2024) â 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) â Petrobras‘Â 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 […]
CAF and O.N.E. Amazon to Promote Amazon Conservation
(O.N.E. Amazon, 25.Oct.2024) â In the context of COP16 in Cali, CAF and O.N.E. Amazon have joined forces to protect and conserve the Amazon rainforest, one of the most crucial and biodiverse natural ecosystems on the planet. The agreement establishes a framework for collaboration on an instrument that transforms the […]
Eni Reports 3Q:24 Financial Results (PDF Downloads)
(Eni, 25.Oct.2024) â 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: âIn 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) â 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 […]
Golden Minerals Inks Binding Deal to Divest Yoquivo Gold-Silver Project
(Golden Minerals, 25.Oct.2024) â Golden Minerals Company signed a binding agreement to sell its Yoquivo gold-silver project (located in Chihuahua State, Mexico) to Advance Metals Limited (AVM), an ASX-listed entity focused on the acquisition, discovery, and advancement of high-quality metals projects. Under the terms of the agreement, AVM shall purchase […]
Argentina Oil & Gas Patagonia: 24 Oct. Photo Journal
(Energy Analytics Institute, 24.Oct.2024) â Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
Eni Set Outs Decarbonization and Relaunch Plan for Versalis
(Eni, 24.Oct.2024) â 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 âŹ2bn of investment and aims to reduce emissions by approximately 1 million […]
MidOcean Completes Purchase of 15% Interest in Peru LNG from Hunt Oil
(Energy Analytics Institute, 24.Oct.2024) â MidOcean Energy, formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15% interest in Peru LNG (PLNG) from Hunt Oil Company. MidOceanâs interest in PLNG now stands at 35%, while Hunt will remain the operator of PLNG, […]
Agnico Eagles Reveals Investment in Apex Resources
(Energy Analytics Institute, 24.Oct.2024) â 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 […]
Aris Mining Prices $450mn Senior Notes Offering
(Energy Analytics Institute, 24.Oct.2024) â Aris Mining Corporation priced its offering of 8.000% Senior Notes due 2029. The offering, which was for $450mn, is expected to close on or about 31 Oct. 2024, said Aris, a gold miner in the Americas, in an official statement posted on its website on […]
TechnipFMC Announces 3Q:24 Results (PDF Download)
(Energy Analytics Institute, 24.Oct.2024) â 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. […]
Guyanaâs President Ali Discusses National Healthcare Vision in Panel Session
(Hess Corp., 24.Oct.2024) â Guyanaâs progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual Summit in New York City. The panel featured Guyanaâs President, H.E. Dr. Mohammed Irfaan Ali, who was joined by Hess Corporation CEO John Hess and […]
Clariant Recognized by Petrobras with Suppliers Award for Health and Wellness
(Clariant, 24.Oct.2024) â Clariant Oil Services, a producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, was honored with the Petrobras Best Suppliers Award in the Health category for its VIVAZ Program. This wellness initiative fosters positive habits and holistic well-being for employees […]
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) â Mexico Pacific, which is developing the 30 million tonnes per annum (MTPA) Saguaro EnergĂa LNG Facility on Mexicoâs Pacific Coast and and the associated Sierra Madre Pipeline, continues with work related to a final investment decision (FID) […]
Viridien and SLB Complete Data acquisition in Bonaparte Basin, Offshore Australia
(Energy Analytics Institute, 24.Oct.2024) â Viridien and SLB recently completed the acquisition of a new multi-client survey in the Bonaparte Basin, off the NW coast of Australia, that has received industry support and prefunding. The resulting ~6,760 km2 ultramodern PSDM seismic data set will provide a thorough evaluation of this […]
Petrobras to Invest BRL60mn in BRAVO Buoy’s Phase Two
(Petrobras, 24.Oct.2024) â Petrobras will invest BRL 60mn in a new sea wind testing and measuring phase by releasing new BRAVO buoy units to collect, monitor, and assess offshore wind resources. The technology, designed in an unprecedented way for the Brazilian sea, is the outcome of a successful R&D I […]
US Treasury Releases Final Rules to Onshore Clean Energy Technologies
(U.S. Department of the Treasury, 24.Oct.2024) â Today, the U.S. Department of the Treasury and the IRS released final rules for the Advanced Manufacturing Production Credit (Section 45X of the Internal Revenue Code), to spur continued growth of U.S. clean energy manufacturing as part of President Biden and Vice President […]
Eni Inks Deal for KKR to Enter Eniliveâs Share Capital
(Eni, 24.Oct.2024) â Eni and KKR have signed an agreement under which KKR will take a 25% stake in Eniliveâs share capital, for a total agreed consideration of âŹ2.938bn. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to âŹ500mn; 2) […]
Eniâs BODs on Distribution to Shareholders
(Eni, 24.Oct.2024) â Eniâs 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 âŹ0.25 (compared to a total annual provision, in place of the dividend, equal […]
EQT Hits Net Zero Scope 1 and Scope 2 GHG Â Emissions Target Ahead of 2025 Â
(EQT, 23.Oct.2024) â EQT Corporation has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas (“GHG”) emissions1 across the company’s legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT’s upstream operations, inclusive of the recently acquired Tug Hill/XcL Midstream and Alta […]
Argentina Oil & Gas Patagonia: 23 Oct. Photo Journal
(Energy Analytics Institute, 23.Oct.2024) â Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
With Sweeping Blackouts in Cuba Why Has the Islandâs Solar Buildout Been so Slow?
(AP, 23.Oct.2024) â Cubaâs large-scale blackouts that left 10 million people without power this month may not have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say. In a nation with plentiful sunshine, Cuban officials have long had […]
MODEC Completes Errea Wittu Hull Assembly
(Energy Analytics Institute, 23.Oct.2024) â 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) â 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 […]
Venezuela’s Maduro proposes new economy at BRICS Plus Summit
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 165) â During the plenary session of the XVI BRICS Plus Summit held in the Russian city of Kazan, Venezuelaâs President NicolĂĄs Maduro Moros emphasized the need for a new economic agenda with what he called practical solutions to the […]
Equinor to Begin 4th tranche of share Buy-Back for 2024
(Equinor, 23.Oct.2024) â 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) â 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 […]
Pemex Looks to Boost Reserves During Sheinbaum Presidency
(Reuters, 23.Oct.2024) â Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia Sheinbaum, according to an internal Pemex document seen by Reuters on Wednesday. It will also intensify deepwater exploration and develop new business models to attract […]
Venezuela’s Maduro and Russia’s Putin discuss strategic alliances during BRICS Summit
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2024, Words: 211) â Venezuelaâs 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) â France-based Bureau Veritas provided an update of its third-quarter 2024 financial and operations details. Hinda Gharbi, Chief Executive Officer, commented: âWe 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) â 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 […]
bpTT’s Mento platform nears sail away
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 207) â Trinidad and Tobago acting prime minister and head of the Ministry of Energy and Energy Industries (MEEI), Stuart Young, toured the Mento platform at the TOFCO fabrication yard on 23 Oct. 2024. Young toured the facility accompanied by […]
Dover Fueling Solutions Launches New EV Charger
(Dover, 23.Oct.2024) â 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 PWRâą 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) â GeoPark Limitedâs wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (ComisiĂłn Nacional de Valores or âCNVâ by its Spanish acronym) to issue up to $500mn in debt securities over the next five years. Additionally, GeoPark Argentina has obtained an âAA+(arg)â […]
Nabors Reports 3Q:24 Results, Updates on Saudi Arabia (PDF Downloads)
(Nabors, 22.Oct.2024) â Nabors Industries Ltd. reported third quarter 2024 operating revenues of $732mn, compared to operating revenues of $735mn in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $56mn, compared to a net loss of $32mn in the second quarter. This equates to […]
Smoke Development on the Sleipner B Platform
(Equinor, 22.Oct.2024) â 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 […]
GeoPark Limitedâs Mata Mora Norte Block Producing over 12,500 boe/d
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 22.Oct.2024) â GeoPark Limited said the Mata Mora Norte Block is currently producing over 12,500 barrels of equivalent oil per day (boe/d) gross and is expected to generate $90mn-$100mn in adjusted EBITDA in the full-year 2024 on a pro-forma basis. By the 2028-2030 […]