Energy Analytics Institute (EAI)

Maduro Calls for ‘Complete Lifting’ of Oil Sanctions

(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and […]

Interoil Releases 3Q:22 Details

(Interoil, 29.Nov.2022) — In July 2022 Interoil Exploration and Production ASA successfully closed its share offering. The final number of shares that were subscribed and […]

Global Deepwater Production to Increase 60% by 2030: WoodMac

(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new […]

bpTT Starts Production from Cassia C Facility

(bpTT, 29.Nov.2022) — bp Trinidad and Tobago LLC (bpTT) today confirms its Cassia C development has safely delivered first gas.Cassia C is bpTT’s first offshore […]

ConocoPhillips and QatarEnergy to Provide Reliable LNG Supply to Germany

(ConocoPhillips, 29.Nov.2022) — ConocoPhillips (NYSE: COP) and QatarEnergy signed two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture […]

Trinidad Launches Roadmap for a Green Hydrogen Economy

(MEEI, 29.Nov.2022) — Today, the Ministry of Energy and Energy Industries (MEEI) launched “The Roadmap for a Green Hydrogen Economy in Trinidad and Tobago” which […]

Suriname: Demerara Bid Round 2022/2023

(SHI, 28.Nov.2022) — Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., announced the launch of a competitive bid round of […]

Shell to Acquire Renewable Natgas Producer Nature Energy

(Shell, 28.Nov.2022) — Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point […]

Frontera and CGX to Spud Wei-1 Offshore Guyana by Jan. 2023

(Frontera, 28.Nov.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne […]

APA Corp. Deems Awari Well on Block 58 Non-commerical

(APA Corp., 28.Nov.2022) — APA Corporation (Nasdaq: APA) provided an update on exploration activities in Block 58 offshore Suriname. Drilling operations have concluded at the […]

Petrobras on Shareholder Remuneration Policy, Gross Debt

(Petrobras, 27.Nov.2022) — Petrobras, regarding the news in the media about the Shareholder Remuneration Policy, approved by the Board of Directors in 2019 and improved […]

OFAC Authorizes Certain Chevron Transactions in Venezuela

(Energy Analytics Institute, 26.Nov.2022) — The US Department of Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 41 which authorizes certain transactions […]

US State Department: Joint Statement on Venezuela Negotiations

(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs […]

US Eases Venezuela Oil Sanctions After Gov’t, Opposition Ink Deal

(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed […]

Chevron Can Resume Key Role in Venezuela’s Oil Output

(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring […]

CGG Wins Multi-Year Extension of Dedicated Imaging

(CGG, 24.Nov.2022) — CGG has been awarded a multi-year contract extension by Brunei Shell Petroleum Company Sdn Bhd (BSP) to continue operating a dedicated seismic […]

Petrobras on $1.9bn Payment by CNOOC for Búzios Field Participation

(Petrobras, 24.Nov.2022) — Petrobras, following up on the releases of 29 Sep. 2021, 4 Oct. 2021 and 04 Mar. 2022, informs that it has received […]

US Prepared to Authorize Chevron to Boost Venezuela’s Oil Output

(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and […]

Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG

(Sempra, 22.Nov.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for […]

South Africa: TotalEnergies Responds to Bloom and The Green Connection

(TotalEnergies, 22.Nov.2022) — In response to an open letter from Bloom dated 17 October 2022 concerning TotalEnergies‘ gas exploration project in South Africa, Patrick Pouyanné, […]

Irpa: More Gas to Europe and Extended Life for Aasta Hansteen

(Equinor, 22.Nov.2022) — On behalf of the Irpa partnership, Equinor has submitted a plan for development and operation (PDO) for the Irpa gas discovery, formerly […]

NFE Finalizes Deals with Pemex Regarding Lakach Offshore Gas Field

(New Fortress Energy, 22.Nov.2022) — New Fortress Energy Inc. (NASDAQ: NFE) has finalized its agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate […]

SLB on Award for bp’s Cypre Project

(SLB, 22.Nov.2022) — SLB announced today an award to its OneSubsea® business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad […]

Gaming Out the Proposed Price Cap on Russian Oil: KAPSARC [PDF Download]

(KAPSARC, 21.Nov.2022) — In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. […]

Waiving a Law May Help New England Get Easier Access to NatGas

(Connecticut Public Radio, 21.Nov.2022) — On Oct. 27, Eversource Energy President and CEO, Joe Nolan, wrote a letter to President Joe Biden warning him of […]

QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China

(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 […]

Lula to Start Job Interviews for Petrobras Overhaul, Sources Say

(Reuters, 21.Nov.2022) — Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the […]

KAPSARC 4Q:22 Oil Market Outlook (KOMO)

(KAPSARC, 21.Nov.2022) — Highlights from KAPSARC‘s fourth quarter of 2022 Oil Market Outlook (KOMO) follow. Declining gross domestic product (GDP) growth in Q4 2022 will […]

Janet L. Yellen on Election of IADB President

(US Treasury, 20.Nov.2022) — Statement by Secretary of the Treasury Janet L. Yellen on Election of the President of the Inter-American Development Bank. On behalf […]

ExxonMobil Guyana Renews Sponsorship in 2023 for the 2nd Edition of IECEG 2023

(IECEG, 18.Nov.2022) — The International Energy Conference and Expo Guyana 2023 (IECEG 2023) today announced ExxonMobil Guyana as the premier sponsor of the second edition […]

Petrobras on Shareholder Remuneration Distribution Method

(Petrobras, 18.Nov.2022) — Petrobras, following up on the releases disclosed on 3 November 2022, informs that the distribution of the second installment of the remuneration […]

Fitch Ratings Maintains Ecopetrol’s Rating at BB+, with a Stable Outlook

(Ecopetrol, 18.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings maintained the company’s credit rating at “BB+”, with a stable outlook, […]

Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up

(Forbes, 18.Nov.2022) — With oil production at 11 million bpd (barrels per day) Saudi Arabia is the second top oil producer – a country of […]

NextEra Energy to Acquire 1,080-MW Net Interest in Portfolio

(NextEra, 18.Nov.2022) — NextEra Energy Partners, LP (NYSE: NEP) has entered into an agreement with subsidiaries of NextEra Energy Resources, LLC to acquire a 49% interest […]

Freeport LNG Updates on Restart of Liquefaction Facility

(Freeport LNG, 18.Nov.2022) — Freeport LNG Development, L.P. provided an update on the ongoing reconstruction and resumption of operations at its natural gas liquefaction and […]

Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants

(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding […]

Höegh LNG Partners LP Reports 3Q:22 Financial Results

(Höegh LNG Partners, 17.Nov.2022) — Höegh LNG Partners LP (NYSE: HMLP-PA) reported its financial results for the quarter ended September 30, 2022. Highlights Reported for the third quarter […]

CNOOC Says Jinzhou 31-1 Gas Field Project Commences Production

(CNOOC, 17.Nov.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that Jinzhou 31-1 gas field development project commenced production. Jinzhou 31-1 gas field locates in […]

Eni and PASQAL to Develop Quantum Solutions for the Energy Sector

(Eni, 17.Nov.2022) — Eni and PASQAL announced the establishment of a collaboration to develop next-generation HPC solutions for the energy sector through quantum computing Eni, […]

Eni and Sonatrach Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria

(Eni, 17.Nov.2022) — The CEO of Eni Claudio Descalzi and the CEO of Sonatrach Toufik Hakkar have inaugurated the Solar Lab and laid the first […]

Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network

(Chevron, 17.Nov.2022) — Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today it signed a definitive agreement to acquire full ownership of […]

Earthquake in Texas Oil Country Highlights Environmental Concerns

(Barrons, 16.Nov.2022) — A 5.3 magnitude earthquake hit a key oil basin in West Texas on Wednesday afternoon, and was strong enough to be felt […]

Ecopetrol Announces Creation of Ecopetrol US Trading LLC

(Ecopetrol, 16.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has completed the formal process for establishing a new subsidiary, Ecopetrol US Trading LLC, domiciled in Delaware, USA. […]

QatarEnergy Takes $8.5bn FID on World’s Largest Polymers Facility

(QatarEnergy, 16.Nov.2022) — QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have taken a Final Investment Decision (FID) on the Golden Triangle […]

DENSO Announces North America Energy Policy Statement

(DENSO, 16.Nov.2022) — DENSO, a mobility supplier, has created a North America Energy Policy Statement as part of its efforts to contribute to a green […]

QatarEnergy, Qatargas Celebrate 30,000th Shipment from Ras Laffan

(Qatargas, 16.Nov.2022) — Marking a historic milestone for the State of Qatar’s energy industry, QatarEnergy and Qatargas celebrated the safe and successful loading of the […]

Nucor Joining the UNs 24/7 Carbon-Free Energy Global Compact

(Nucor, 15.Nov.2022) — Nucor Corporation (NYSE: NUE) is joining the United Nations 24/7 Carbon-Free Energy Global Compact (“Compact”). Nucor is the first major industrial company to […]

JinkoSolar’s 182mm TOPCon Module Reaches Conversion Efficiency of 23.86%

(JinkoSolar, 15.Nov.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced that following the […]

Frontera to Host Investor Open House on 15 Nov. 2022

(Frontera, 15.Nov.2022) — Frontera Energy Corporation (TSX: FEC) will host an Investor Open House for analysts, investors, shareholders and bondholders today from 9:30 a.m. to 5:00 p.m. Col […]

Aquaterra Unveils New Tool for Long-term Integrity of CCS Sites

(Aquaterra, 15.Nov.2022) — Aquaterra Energy unveiled a new CO2 management platform that will allow for long-term monitoring and sustained integrity of underwater carbon capture and storage […]