(Energy Analytics Institute, 27.Oct.2021) — Energy briefs including the Liza Unity FPSO reaching Guyana’s prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users across Colombia; and more.
LATIN AMERICA AND THE CARIBBEAN
–Brazil’s ANP published the complete version of the Brazilian Statistical Yearbook of Petroleum, Natural Gas and Biofuels 2021, which presents, in a consolidated manner, data from the oil, natural gas and biofuels sector in Brazil, as well as an int’l panorama, in 2020, the oil and gas regulator revealed 27 Oct. 2021 in an official stmt. The publication, used by gov’t and economic agents to support their planning and support decision-making, also shows the evolution of the sector in the last ten yrs, that is, between 2011-20.
— ANP held the IX Workshop on Operational Safety and Environment (IX SOMA) on 26 Oct. 2021 to present details of the country’s operational safety performance related to oil and gas E&P activities and the main challenges that Brazil’s hydrocarbon industry faces.
— Approx. 12mn persons in 1,050 municipalities across Colombia use LPG, according to Colombia’s LPG Association, also known as GasNova. The five regions w/ the highest consumption incl.: 1) Antioquia (18%), 2) Cundinamarca (11%), 3) Nariño (9%), 4) Valle (8%) and 5) Bogotá (8%).
— The Liza Unity floating, production, storage and offloading (FPSO) vessel has reached Guyana’s Stabroek Blk, the ministry of natural resources revealed 26 Oct. 2021 in a social media post. The vessel was in route for approx. 53 days and covered 11,000+ nautical miles on its journey from Singapore. Liza Unity is twice the size of Guyana’s first FPSO, the Liza Destiny, and is expected to commence ops by 2022 w/ estimated production of 220,000 b/d.
— The Liza Unity FPSO arrived safely in Guyana after an almost 2-mth journey, which started in Singapore, SBM Offshore said 27 Oct. 2021 in an official stmt on LinkedIn. This first Fast4Ward® FPSO will enter the hook-up, umbilicals and risers installation, and final commissioning phase to be ready to achieve first oil in 2022, the co. said.
— ExxonMobil’s Liza Unity FPSO, the second such vessel in Guyana, will be used for the Liza Phase 2 development. The FPSO is the first to be awarded the SUSTAIN-1 notation by the American Bureau of Shipping (ABS) in recognition for sustainability of design and operational procedures, Esso Exploration & Production Second Pres. And General Manager Alistair Routledge said 26 Oct. 2021 in a post on LinkedIn.
— Peru’s gov’t, through its cabinet, aims to recover the Camisea gas, Peru’s President Pedro Castillo Terrones said 26 Oct. 2021 in a post on Twitter.
— “We are and will be respectful of business freedom,” Peru’s President Pedro Castillo Terrones said 26 Oct. 2021 in a post on Twitter. “The gas pipeline that will take gas to the south of the country is our priority, as well as its overcrowding for the benefit of all Peruvians. That is our commitment to the people and we will fulfill it.”
— Exxon’s BODs declared a cash dividend of $0.88/shr on the common stock, payable on 10 Dec. 2021 to shareholders of record of common stock at the close of business on 12 Nov. 2021, the Irving, Texas-based oil co. revealed 27 Oct. 2021 in an official stmt.
— Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) reported 3Q:21 revenue of $118mn. Core’s operating income was $6.6mn w/ diluted earnings of $0.02/shr, the co. revealed 27 Oct. 2021 in an official stmt. Operating income, ex-items, a non-GAAP financial measure, was $13mn, yielding operating margins of 11% and ex-items of $0.18/shr. The 3Q:21 results were adversely impacted by multiple weather events along the US Gulf Coast, continued project delays due to Covd-19 in int’l markets and supply chain disruptions.
By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.