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Moody’s Raises Petrobras’ Outlook to Positive

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(Energy Analytics Institute, 2.Oct.2024) — Moody‘s raised the outlook on Petrobras‘ ratings from stable to positive, Petrobras announced 2 Oct. 2024 in an official statement. The rating agency also reaffirmed Petrobras’ credit rating at “Ba1”, reflecting the Brazilian company’s solid credit metrics, positive track record of operational and financial improvement […]

Idea of Colombia Importing Gas from Venezuela ‘Big Distraction,’ Ex-minister Says

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(Reuters, 2.Oct.2024) — Debate in Colombia over the possibility of importing gas from Venezuela “has been a big distraction” amid concerns about Colombia’s future energy self sufficiency, former minister of mines and energy Tomas Gonzalez said on Wednesday. Colombia’s government and majority state-owned energy company Ecopetrol have repeatedly floated importing […]

Saipem Presents Solution for Large-scale Green Hydrogen Production

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(Saipem, 2.Oct.2024) — Saipem and Nel ASA, during the 2024 World Hydrogen Week in Copenhagen, unveiled IVHYℱ 100, a groundbreaking turn-key 100 MW electrolyser concept, which leverages Nel’s atmospheric alkaline electrolyser technology. The innovative renewable hydrogen generation solution has been designed and industrialized to be scalable, modular and to facilitate […]

Sheinbaum Keeps Morning Briefings, Though her Style is Unlike AMLO’s

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(AP, 2.Oct.2024) — Mexico’s new President Claudia Sheinbaum started her day Wednesday much like her political mentor, ex-President AndrĂ©s Manuel LĂłpez Obrador, began most of his: with an early morning news briefing from the National Palace. LĂłpez Obrador’s news briefings, known as the “mañaneras,” were marathon affairs, featuring folksy dialogue, […]

Petrobras Reports on South African Operations

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(Petrobras, 1.Oct.2024) — Petrobras informs that its Board of Directors has approved the company’s operations in South Africa, enabling the acquisition of a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies. The DWOB block is located in deep waters in the Orange […]

DMW Marine Expands Workforce to Meet Growing Global Demand

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(Energy Analytics Institute, 1.Oct.2024) — DMW Marine Group, which specializes in marine cranes, announced the hiring of nine new service technicians. This move supports the company’s ongoing expansion and enhances its ability to meet the increasing demand for its products and services worldwide, especially in regions like Bahrain, Egypt, Tahiti, […]

Fission vs. Fusion – What’s the Difference?

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(Duke Energy, 1.Oct.2024) — Look up during the day to see one of the most powerful examples of a nuclear reactor: the sun. Inside the sun, fusion reactions take place at very high temperatures and enormous gravitational pressures. The foundation of nuclear energy is harnessing the power of atoms by […]

TotalEnergies takes $10.5bn FID for GranMorgu development on Suriname’s block 58

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PARAMARIBO, SURINAME (TotalEnergies, 1.Oct.2024, Words: 800) — Patrick PouyannĂ©, Chairman and CEO of TotalEnergies, met in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s national oil company, to announce the final investment decision (FID) for the […]

Ecopetrol Appoints Hurtado as Upstream VP

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(Energy Analytics Institute, 1.Oct.2024) — Colombian state-owned Ecopetrol S.A. announced Juan Carlos Hurtado Parra as Vice President of the Upstream segment. The appointment has been made as part of the implementation of the new organizational structure announced on 6 Jun. 2024, Ecopetrol announced 1 Oct. 2024 in an official statement. […]

McDermott Awarded FEED Contract in Mozambique

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HOUSTON, TEXAS (Energy Analytics Institute, 30.Sep.2024) — McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 in Mozambique. Rovuma LNG Phase 1 is a joint venture between ExxonMobil Development Africa B.V., Eni […]

Woodside Completes OCI Clean Ammonia Acquisition

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(Woodside, 30.Sep.2024) — Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI).1 The completion follows Woodside’s announcement on 5 Aug. 2024 that it had entered into an agreement […]

Matson Starts Construction of LNG-Powered Containerships

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(Matson, 30.Sep.2024) — Matson, Inc. announced the start of construction on the first of three new “Aloha Class” containerships designed for its Hawaii and China-Long Beach Express (CLX) services. After a small ceremony at Philly Shipyard in Pennsylvania, the cutting of steel plates began, initiating the work to build the […]

New Fortress Energy to Delay Dividend Payment

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(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. will delay the payment of the company’s previously declared $0.10 per share Class A common stock dividend, with a record date of 13 Sep. 2024, until it reaches an agreement with its noteholders to address the company’s near-term maturities and liquidity […]

Hess gets HSR clearance for Chevron merger

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NEW YORK CITY, NEW YORK (Hess Corp., 30.Sep.2024, Words: 381) — Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. “We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,” said CEO John Hess. […]

US LNG Sector to Navigate Uncertainties with Harris or Trump

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(S&P Global, 30.Sep.2024) — The 2024 presidential election carries risks and unknowns for US LNG project development, whether Vice President Kamala Harris is elected or former President Donald Trump returns to the Oval Office. The Biden administration’s decision earlier in 2024 to pause key LNG export permits remains a major […]

Saudi Arabia Signals Oil Policy Shift

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(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could be comparatively damaging.  On September 26, an exclusive in the Financial Times indicated that Saudi Arabia is ready to abandon its unofficial oil price target of $100 […]

CNOOC Brings Shenhai-1 Phase II Development Online

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(Energy Analytics Institute, 27.Sep.2024) — CNOOC Limited said the Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 m, CNOOC said 27 Sep. 2024 in an official statement. The main […]

Pemex Posts Drop in Oil Output as AMLO Exits

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(Reuters, 27.Sep.2024) — Crude output by Pemex fell in August as Mexico’s national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country’s outgoing president. While locally produced petroleum product volumes rose during the […]

TotalEnergies Acquires Producing Eagle Ford Assets from Lewis Energy

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(TotalEnergies, 27.Sep.2024) — TotalEnergies signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas […]

Northern Lights Ready to Receive CO2

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(Equinor, 26.Sep.2024) — On 26 Sep. 2024 the Norwegian Minister of Energy conducts the official opening of the Northern Lights CO2 transport and storage facility in Øygarden, near Bergen. The Northern Lights facility is a joint venture between Equinor, Shell and TotalEnergies. “The completion of the Northern Lights facility marks an […]

Northern Lights Facilities Finished, Ready to Store CO2

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(TotalEnergies, 26.Sep.2024) — TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]

TotalEnergies Reveals Mozambique LNG Response

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(TotalEnergies, 26.Sep.2024) — The digital media Politico published an article regarding alleged murders that would have been carried out by Mozambican soldiers close to Afungi, the Mozambique LNG site, in northern Mozambique from Jun. to Nov. 2021. Before it was contacted by the author of this article, TotalEnergies had never […]

Petrobras and Staatsolie Maatschappij Suriname N.V. Ink MOU

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HOUSTON, TEXAS (Energy Analytics Institute, 26.Sep.2024) — Brazilian energy giant Petrobras signed a non-binding memorandum of understanding (MOU) with its Surinamese counterpart Staatsolie Maatschappij Suriname N.V. aimed at assessing cooperation opportunities in the areas of hydrocarbon exploration and production, carbon capture, new energy sources, contingency response planning, among others. The […]

Frontera to Amend Substantial Issuer Bid

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(Frontera, 25.Sep.2024) — Frontera Energy Corporation will amend its previously announced substantial issuer bid (the “Offer”) to remove the preferential acceptance of “odd lot” tenders, which are tenders from holders (“Shareholders”) of common shares of the company (the “Shares”) who beneficially own fewer than 100 Shares. There will be no […]

Eni Releases 2024 Methane Report

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(Eni, 26.Sep.2024) — Eni SpA’s actions to reduce methane emissions across its operations are revealed in the company’s Methane Report 2024. ____________________

Masdar to Buy Saeta from Brookfield for $1.4bn

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(Masdar, 24.Sep.2024) — Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clean energy powerhouse, announced the proposed acquisition of Saeta Yield from Brookfield Renewable, together with its institutional partners (Brookfield), for an implied enterprise value of c. US$1.4bn (€1.2bn).  Closing of the transaction is subject to customary approvals and is expected […]

China Provides Some Respite as Oil Prices Rise

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(Rystad, 24.Sep.2024) — Oil prices are on the rise again, but OPEC’s production cut unwinding still seems far off. Here is Rystad Energy’s oil macro update from Global Market Analysis Director, Claudio Galimberti: “The Chinese government’s announcement of its largest stimulus package since the pandemic, combined with the sudden rise […]

YPF CEO MarĂ­n Downplays Petronas Drama

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BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 24.Sep.2024) — YPF President and CEO Horacio MarĂ­n downplayed the impact of Petronas deciding not to move forward as a partner in a massive LNG facility (onshore and offshore) planned on Argentina’s Atlantic Coast. “There is no need to dramatize” the news if […]