Energy Analytics Institute (EAI)

Fitch Upgrades Saudi Arabia to ‘A+’; Outlook Stable

(Fitch Ratings, 5.Apr.2023) — Fitch Ratings upgraded Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘A’. The Outlook is Stable. A full […]

IMF’s Lower Bar for Argentina Already Looks Too High

(Reuters, 5.Apr.2023) — The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion loan deal, but […]

Petrobras on Pricing Policy

(Petrobras, 5.Apr.2023) — Petrobras reaffirms its commitment to the practice of competitive prices and in balance with the national market, while avoiding the immediate pass-through […]

PGS Rejuvenated Data for Guyana Deepwater Block Evaluation

(PGS, 4.Apr.2023) — In collaboration with the Guyana Ministry of Natural Resources (MNR), PGS has released 4460 km of rejuvenated 2D GeoStreamer depth data supporting […]

FLNG Market Boasts $35bn EPC Contract Award Value 2023-27

(Westwood, 4.Apr.2023) — When Shell announced final investment decision (FID) on its Prelude floating liquefaction natural gas (FLNG) unit in May 2011, it was meant […]

Riley Permian Closes New Mexico Acquisition

(Riley Exploration, 4.Apr.2023) — Riley Exploration Permian, Inc. (NYSE American: REPX) completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil […]

Canadian Pacific on Results of Early Tenders of Kansas City Southern Notes

(Canadian Pacific, 3.Apr.2023) — Canadian Pacific (TSX: CP) (NYSE: CP) today announced that as of 5:00 p.m. ET on 31 March 2023 (the “Early Participation Date”), the aggregate principal amounts […]

Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions

(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s […]

BidOut Reveals American Energy Management Partnership

(BidOut, 3.Apr.2023) — Virtually every sector has experienced supply chain disruptions and the oil and gas industry is no exception. One company, BidOut, has developed […]

Arctech to Provide 365MW Solar Tracking Solution in Mexico

(Arctech, 3.Apr.2023) — Arctech, a solar tracking and racking solution provider, is poised to provide 365.8MW SkyLine II solar tracking solution to Puerto Penasco Solar […]

Venture Global Supplies First LNG Cargo to Finland

(Venture Global, 3.Apr.2023) — Vitol announced the delivery of the first LNG cargo to ever arrive in Finland. The tanker, which can hold 174,062 m3 […]

Aker BP Awarded Power from Shore Licence for Yggdrasil

(Aker BP, 31.Mar.2023) — Today, the Ministry of Petroleum and Energy (MPE) awarded Aker BP a licence to connect the platforms in the Yggdrasil area […]

Noble Announces Changes to Share Capital

(Noble, 31.Mar.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces changes to its share capital. During the period since February 28, 2023, 3,776,358 […]

Petrobras on Bahia Terra Production

(Petrobras, 31.Mar.2023) — Petrobras, following up on the release disclosed on 14 March 2023, informs that it obtained, on Friday 31 March, authorization from the […]

Petrobras on Strategic Planning

(Petrobras, 31.Mar.2023) — Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, […]

Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List

(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in […]

Wintershall DEA Completes Acquisition of 37% Stake in Hokchi Block

(Wintershall DEA, 31.Mar.2023) — The acquisition of a 37% non-operated participating interest in the oil producing Hokchi Block offshore Mexico by Wintershall Dea was completed […]

Aker BP and OMV Awarded Licence for CCS in Norwegian Continental Shelf

(Aker BP ASA, 31.Mar.2023) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF) (OTCQX: AKRBY) and OMV (Norge) AS have entered into a collaboration agreement for carbon capture and […]

Award of Two New CO2 Storage Licences on the Norwegian Continental Shelf

(Les på norsk, 31.Mar.023) — Today the Norwegian Ministry of Petroleum and Energy publishes offers for two new exploration licences related to CO2 storage under […]

Global Gas Flaring Tracker Report [PDF Download]

(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome […]

EAI’s NRGBriefs: Mar. 2023

(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a […]

Marathon Oil to Further Develop Equatorial Guinea Gas Mega Hub

(Marathon Oil Corp., 30.Mar.2023) — Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a Heads of Agreement (HOA) with the […]

Uranium Energy on Uranium Producers of America

(Uranium Energy, 29.Mar.2023) —Uranium Energy Corp (NYSE American: UEC) announced that Scott Melbye, UEC’s Executive Vice President, has been re-elected to serve another term as President […]

Petrobras on Ministry of Mines and Energy Letter

(Petrobras, 29.Mar.2023) — Petrobras, following up on the release disclosed to the market on 17 March 2023, informs that it received Official Letter 257/2023/GM-MME from […]

Petrobras on Climate Supplement

(Petrobras, 29.Mar.2023) — Petrobras released the new edition of its Climate Supplement. The document details information regarding Petrobras’ emissions performance in 2022, in addition to […]

MPC Energy Expands Further into Puerto Rico

(MPC Energy, 28.Mar.2023) — MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. This is the second […]

SSR Mining Reports Positive Results at Puna [PDF Download]

(SSR Mining, 27.Mar.2023) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) announced results from 48 drill holes completed at the Puna project for the period […]

Petrobras on Supplier Engagement in Sustainable Practices

(Petrobras, 27.Mar.2023) — Petrobras was recognized as one of the leading companies in supplier engagement by the international organization CDP, formerly known as the Carbon […]

Frontera Refinances Existing Puerto Bahía Debt, Enters Into Credit Agreement

(Frontera, 27.Mar.2023) — Frontera Energy Corporation (TSX: FEC) announces that Frontera’s wholly-owned subsidiary, Pipeline Investment Limited (PIL), which owns a 35% equity interest in Oleoducto […]

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors […]

ONE GUYANA FPSO Reaches Drydock [Video]

(Energy Analytics Institute, 24.Mar.2023) — The ONE GUYANA FPSO has arrived in drydock at Keppel shipyard. This marks a key milestone in the project, this […]

Ecopetrol Names Alberto Consuegra Granger as Interim CEO

(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on 24 March 2023, its Board of Directors appointed Alberto Consuegra Granger as interim CEO of Ecopetrol […]

Ecopetrol Not Advancing Plans to Buy Monómeros Colombo Venezolanos S.A.

(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, with regards to statements in the public media about a possible acquisition by Ecopetrol of the […]

Petrobras on Route 3 Integrated Project

(Petrobras, 24.Mar.2023) — Petrobras, following up on the release disclosed on 09/23/22, has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude […]

TotalEnergies Publishes its Full Response to Le Monde French Newspaper

(TotalEnergies, 23.Mar.2023) — Contrary to Le Monde French newspaper’s assertion that TotalEnergies refused to respond to so-called accusations, we are publishing the exhaustive answers we […]

Petrobras Comments on Its Price Policy

(Petrobras, 23.Mar.2023) — Petrobras, regarding the pieces of news published in the media about the company’s Price Policy, clarifies that product price adjustments are made […]

A Supercharged China Could Turn up the Heat on Global Commodities

(WoodMac, 23.Mar.2023) — The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country […]

Energy Chamber Facilitates Talks on Carbon Border Adjustment

(Energy Chamber, 22.Mar.2023) — The Energy Chamber of Trinidad & Tobago was delighted to collaborate with the European Union and Caribbean Export Development Agency (Caribbean […]

Paratus Energy Services Ltd Announces 4Q:22 Trading Update

(Paratus Energy, 21.Mar.2023) — Paratus Energy Services Ltd. announced a trading update for the fourth quarter 2022 and updates on Paratus, its subsidiaries and associated […]

CGG, TGS and BGP Complete Phase IV of 3D Multi-Client Survey Offshore Suriname

(CGG, 21.Mar.2023) — CGG, a global technology and HPC leader, in a consortium with TGS and BGP, announced the completion of Phase IV of the […]

Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]

(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, […]

Ecopetrol Obtains Authorization to Borrow One Trillion Pesos from Bancolombia

(Ecopetrol, 17.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its integral debt management strategy and the refinancing of the debt maturing on […]

Petrobras on Letter from the Ministry of Mines and Energy (MME)

(Petrobras, 17.Mar.2023) — Petrobras, following up on the release disclosed on March 1, 2023, informs that its Executive Board has forwarded for the appreciation of […]

Convening of Annual Shareholders’ Meeting of 26 May 2023

(Petrobras, 16.Mar.2023) — The Board of Directors of TotalEnergies SE, met on 15 March 2023 under the chairmanship of Patrick Pouyanné, Chairman and Chief Executive […]

Petrobras on Nominations to Board of Directors and Fiscal Council

(Petrobras, 15.Mar.2023) — Petrobras, following up on the press releases of 02/28/2023, 03/01/2023 and 03/08/2023, informs that it received an official letter from the Ministry […]

Shell Takes FID at Dover in US Gulf of Mexico

(Shell, 15.Mar.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the […]

Guyana Gov’t Releases Draft Model Petroleum Agreements [PDF Downloads]

(Ministry of Natural Resources, 14.Mar.2023) — The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the release of […]

Petrobras on Bahia Terra Production Stoppage

(Petrobras, 14.Mar.2023) — Petrobras, following up on the release disclosed on 13 December 2022, clarifies that it is taking all necessary steps to resume production […]

Interoil Releases Feb. 2023 Production Report

(Interoil, 13.Mar.2023) — In February 2023, Interoil’s average daily operated production increased by 573 boepd recovering most of the lost production from previous months. During […]

Petrobras Says No BOD Decision Regarding Bahia Terra Cluster Divestment

(Petrobras, 13.Mar.2023) — Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in […]