NRGBriefs: Guyana Launches Local Content Registry

Instant Max AI

(Energy Analytics Institute, 25.Feb.2022) — Energy briefs including Energy Analytics Institute (EAI) believing that the recent commencement of war between the Ukraine and Russia offers the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from Russian troops; Guyana officially launching its local content registry aimed to ensure the prioritization of Guyanese nationals and companies; and more.

NORTH AMERICA

US

Energy Analytics Institute (EAI) believes the recent commencement of war between the Ukraine and Russia will offer the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from Russian troops. Energy Analytics Institute (EAI) also believes that Germany’s cancellation of the Nord Stream 2 pipeline will primarily and initially benefit US LNG exporters.

Sempra Reports 2021 Financial and Business Results

Sempra (NYSE: SRE) (BMV: SRE) announced YE:21 earnings of $1.25bn, or $4.01/shr diluted vs YE:20 earnings of $3.76bn, or $12.88/shr diluted. On an adjusted basis, the co.’s YE:21 earnings were $2.64bn, or $8.43/shr diluted vs $2.34bn or $8/shr diluted in 2020, the co. said 25 Feb. 2022 in an official stmt.

Canada

Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) revealed that Rob Henderson is stepping down as President, CEO and Director of the BODs, for personal reasons, effective immediately. Henderson is succeeded on an interim basis by Alan Hair, the co.’s current Chair of the BODs. A transition plan to the appointment of a permanent CEO will be developed in due course, the co. announced 25 Feb. 2022 in an official stmt.

LATIN AMERICA AND CARIBBEAN

Argentina

— Russia’s invasion of Ukraine could have an effect thousands of miles away on debt-laden Argentina’s fiscal balance, w/ a price spike for its natural gas imports set to more than double the South American country’s energy deficit to as high as $4bn this yr, Reuters reported on 25 Feb. 2022, citing analysts.

Guyana

— Guyana officially launched its local content registry aimed to ensure the prioritization of Guyanese nationals and Guyanese cos. in the procurement of goods and services for the enhancement of the value chain of the country’s nascent petroleum sector and to enable local capacity development. More details regarding registration is here.

— In Feb. 2022, Repsol picked the Noble platform for the drilling campaign in the Kanuku blk offshore Guyana. Repsol will lease the Noble Regina Allen jack-up drilling rig from Noble Corp. to drill the Beebei-1 well in Jun. 2022, the Spanish oil giant said in a stmt on its website. Repsol operates the block w/ a 37.5% interest and is associated w/ Tullow Oil (37.5% WI), and Toqap (25% WI), a JV between TotalEnergies and QatarEnergy.

Mexico

Pemex will host its YE:21 conf. call on 28 Feb. 2022 at 10am local time in Mexico City. To access the call: dial +1-833-519-1259; from the US/Canadá 1-914-800-3729; from México 1-800-926-9157. The conf. code is 7432359.

Venezuela

Energy Analytics Institute (EAI) believes that offers of support sent from Venezuela’s president Nicolás Maduro to Russia’s President Vladimir Putin are mainly symbolic in nature. Maduro’s regime doesn’t have the capacity to offer Russia financial or military support. However, Caracas could allow Moscow to continue to send military personnel to Venezuela beyond the troops already on the ground.

UK

England

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced that the UK’s Competition and Markets Authority and the European Commission have granted the final regulatory approvals necessary for the cos. to close their merger. The merger is slated for closure on 28 Feb. 2022, S&P Global announced 25 Feb. 2022 in an official stmt.

ASIA

China

JinkoSolar Holding Co., Ltd. (NYSE: JKS) revealed its principal operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), had announced certain preliminary unaudited financial results for full year 2021. For 2021, (i) the preliminary unaudited revenues of Jiangxi Jinko under PRC GAAP were RMB40.48bn, (ii) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko was RMB1.12bn, and (iii) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko excluding extraordinary gains and losses was RMB532.3mn, the co. said 25 Feb. 2022 in an official stmt.

____________________

By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

Previous post Global Markets Count Cost of Russian Invasion in Ukraine
Next post bp Staff Message Regarding Relationship with Rosneft