(JinkoSolar, 6.Jul.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its board of directors has approved a share repurchase program, which authorizes the company to repurchase up to $200mn of its ordinary shares represented by American depositary shares (“ADSs”) during an 18-month period. The company’s proposed repurchases may be made […]
Month: July 2022
NRGBriefs: PDVSA Vassa Closure; IGU’s 2022 World LNG Report
(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release of the International Gas Union (IGU) 2022 World LNG Report. NORTH AMERICA US
Petrobras Entrusts Tenaris with Supply of casing for Buzios Pre-salt Project
(Tenaris, 6.Jul.2022) — Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project. Located in the Pre-salt Santos Basin, Buzios is among the largest deepwater oil and gas fields in the world. Production is expected to reach […]
Touchstone on Cascadura EIA Review Process Update
(Touchstone, 6.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides a further update on the status of the Cascadura Environmental Impact Assessment (“EIA”) in support of an application for a Certificate of Environmental Clearance, which must be approved by the Trinidad and Tobago Environmental Management Authority (“EMA”) to conduct development operations […]
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group
(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]
Excelerate Energy Appoints Deborah Byers as Independent Director
(Excelerate Energy, 6.Jul.2022) — Excelerate Energy, Inc. (NYSE: EE) announced that on 5 July 2022, its Board of Directors increased its size from six to seven members and appointed Deborah Byers as a new independent director effective immediately. In addition, Ms. Byers will serve as Chairperson of the Audit Committee. “We […]
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his home country of Nigeria. He was the much-loved leader of the OPEC Secretariat and his passing is a profound loss […]
Petrobras on Divestment of Stake in Deten
(Petrobras, 5.Jul.2022) — Petrobras, following up on the release disclosed on 04/28/02, informs that it has today finalized the sale of its entire interest (27.88%) in Deten QuĂmica S.A., located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa QuĂmica S.A., which already has […]
Strike Affecting Equinor-operated Fields on the Norwegian Continental Shelf
(Equinor, 6.Jul.2022) — Equinor has initiated a safe shutdown of the Gudrun, Oseberg South and Oseberg East fields after members of the Norwegian Organisation of Managers and Executives (Lederne) trade union went on strike from midnight. The background for the strike is that the members of Lederne in a referendum […]
Extending Drilling Capacity in Brazil with Valaris DS-17
(Equinor, 5.Jul.2022) — On behalf of the Bacalhau licence partners, Equinor Brazil has awarded Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil PetrĂłleo e Gás LTDA, a 540-day drilling contract scheduled to start in 2023. The Valaris DS-17 drillship has been tasked to drill an appraisal well, […]
TechnipFMC Inks $1bn FEED Contract with Equinor for BM-C-33 Project in Brazil
(TechnipFMC, 5.Jul.2022) — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA, for an integrated Front End Engineering and Design (iFEED™) study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas […]
Keynote Address by OPEC Secretary General Barkindo
(OPEC, 5.Jul.2022) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the opening ceremony of the 21st edition of Nigeria Oil and Gas (NOG) Conference and Exhibition, 5 July 2022, Abuja, Nigeria. Excellencies, ladies and gentlemen, It is very refreshing, indeed a great pleasure to be back home […]
QatarEnergy Selects Shell for NFE Expansion Project
(QatarEnergy, 5.Jul.2022) — QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by His Excellency Mr. Saad […]
US Investors Form JV to Pursue Oil and Gas Projects in Venezuela
(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration and production projects in the U.S.-sanctioned South American country. Gramercy Funds Management and Amos Global Energy said their joint venture would work with an arm […]
NFE and Apollo Funds to Form New JV; Deal Valued at $2bn
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the […]
NFE Signs Deal with CFE to Expand Supply of Natural Gas to Baja
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced that it has entered into an agreement with ComisiĂłn Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of […]
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas
(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project […]
Amos Global Energy and Gramercy Announce a JV with Inepetrol in Venezuela
(Gramercy Funds Management, 5.Jul.2022) — Gage Venezuela Holdings LLC, a recently created partnership between Amos Global Energy Management LLC (“Age”) and Gramercy Funds Management LLC announced today that it has entered into a joint venture with Inepetrol, S.A., a subsidiary of Inelectra S.A. The joint venture would seek to target […]
NFE Inks Deal with Pemex for Lakach Field, FLNG Deployment Solution
(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. today announced that it has signed an agreement with PetrĂłleos Mexicanos (Pemex) to form a long-term strategic partnership that benefits from the complementary capabilities of each company. The partnership is expressly supported by His Excellency AndrĂ©s Manuel LĂłpez Obrador, the President of Mexico, and by Octavio […]
Shell Joins Qatar’s NFE LNG Expansion Project
(Shell, 5.Jul.2022) — Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry. Shell will hold a 25 per cent share in a joint venture company which will […]
Four Companies Eye Selection Process for Combined Cycle Block in Ecuador
(Energy Analytics Institute, 4.Jul.2022) — Four companies from Spain, Finland, the Netherlands and Ecuador will prepare offers under Ecuador’s Public Selection Process (PPS) for a concession for a 400 megawatt combined cycle natural gas block. The concession will be for a 25-year term and require an investment of $600mn, Ecuador’s […]
NRGBriefs: Ecuador’s Oil Production Reaches 461,637 B/D
(Energy Analytics Institute, 3.Jul.2022) — Energy briefs including Ecuador’s crude oil production reaching 461,637 barrels per day on 3 July 2022, according to details provided by the country’s Ministry of Energy and Mines. LATIN AMERICA AND THE CARIBBEAN Ecuador Andean oil producer Ecuador reported oil production of 461,637 b/d on […]
Argentina economy minister Guzman resigns as divisions grow
BUENOS AIRES, ARGENTINA (Bloomberg, 2.Jul.2022, Words: 683) — Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated. Guzman announced his decision in a seven-page letter published on Twitter. No replacement was immediately announced. The minister had come under […]
NRGBriefs: Argentina’s Econ. Minister Resigns; Colombia’s New Environmental Minister
(Energy Analytics Institute, 2.Jul.2022) — Energy and economic briefs including Argentina’s Economic Minister MartĂn Guzmán resigning from his position on 2 July 2022, according to a letter he posted on his Twitter account; Colombia’s president-elect Gustavo Petro appointing Susana Muhamad, an environmental activist, to head the country’s new Environmental Ministry; […]
Enel Américas Announces Planned Voluntary Delisting of its Notes from the NYSE
(Enel AmĂ©ricas, 1.Jul.2022) — Enel AmĂ©ricas S.A. (NYSE: ENIAY) announced that its Board of Directors has unanimously approved the voluntary delisting of its outstanding 4.00% Notes due 25 October 2026 (NYSE: ENIA26A) and 6.60% Notes due 1 December 2026 (NYSE: ENIA26) (collectively, the “Notes”) from The New York Stock Exchange (the “NYSE“) and deregistration with the […]
NRGBriefs: EP PetroEcuador Eyes Recuperating Production
(Energy Analytics Institute, 1.Jul.2022) — Energy briefs including Ecuador’s state oil giant EP PetroEcuador eying recovery by the end of July 2022 of all the production lost at its fields in the Amazon during the national strike; and Guyana’s President Dr Irfaan Ali reaffirming Guyana’s commitment to strengthening its relationship […]
S&P Confirms Ecopetrol’s Long-term International Rating
(S&P, 1.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL) (NYSE: EC) reports that the rating agency Standard & Poor’s (S&P) confirmed Ecopetrol’s long-term international rating at BB+, with a stable outlook, and the Company’s individual credit rating (Stand-Alone) at ‘bbb-‘. The credit rating reflects the stability of the company’s financial results, in […]