2022 - Page 12 of 32 - Editores LatinPetroleum

Petrobras Finalizes Gaspetro Divestment

(Petrobras, 11.Jul.2022) — Petrobras, following up on the releases disclosed on 28 July 2021 and 22 June 2022, informs that it has today finalized the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia S.A. The transaction was concluded for R$2.097bn, fully paid on this date. […]

Petrobras Inks $1.25bn Loan Linked to Sustainability

(Petrobras, 11.Jul.2022) — Petrobras signed on 8 July 22 a credit line with sustainability commitments (Sustainability-Linked Loan – SLL) in the amount of $1.25bn and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in […]

President Ali Urges Saudi Arabians to Invest in Guyana

(CMC, 10.Jul.2022) — The President of Guyana, Dr Mohamed Irfaan Ali, has extended an open invitation to investors of the Kingdom of Saudi Arabia, to ‘invest now’, promising that Guyana is ready to remove bureaucratic hurdles. “You are really pushing at open doors,” the president told the visiting team of […]

NRGBriefs: Saudi Delegation in Guyana for Investment Engagement

(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Guyana officials speaking during the opening ceremony for the Saudi Arabia – Guyana Investment Engagement at the Arthur Chung Convention Centre. LATIN AMERICA AND THE CARIBBEAN Guyana — A high-level public and private sector delegation from the Kingdom of Saudi Arabia, led […]

Guyana Ready to Make Investment Decisions with Saudi Arabia

(Energy Analytics Institute, 9.Jul.2022) — Guyana’s President Dr Mohamed Irfaan Ali told a delegation of over 60 representatives from the Kingdom of Saudi Arabia, including Deputy Minister for Investors Outreach, Badr al Badr, that Guyana was ready not to only have conversations but to make investment decisions. Ali, who delivered […]

Guyana: RFP for NGL Plant, 300MW CCGT Power Plant Project

(Guyana’s Ministry of Natural Resources, 8.Jul.2022) — The Ministry of Natural Resources (MNR) invites eligible Consultancy Firms to submit Proposals for Project Management Consultant for the Integrated NGL Plant and 300MW CCGT Power Plant Project. The main objective of this Consultancy is for the Consultant to assist the Government of […]

Petrobras to Host 2Q:22 Results Calls

(Petrobras, 7.Jul.2022) — Petrobras informs that it will release its 2Q22 Production and Sales Report on 21 July 2022 and its 2Q22 Financial Performance Report on 28 July 2022, both after the markets close. On 29 July 2022, two webcasts will be held, the first in Portuguese and the second […]

MAN Technology for Offshore Gas Production in Brazil

(MAN Energy, 7.Jul.2022) — MAN Energy Solutions has received an order to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil. Yinson, a global energy solution provider headquartered in Kuala Lumpur (Malaysia), has commissioned MAN Energy Solutions to provide five centrifugal compressor […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]

Equinor Invites Analyst to Provide 2Q:22 Estimates

(Equinor, 7.Jul.2022) — Equinor invites analysts with coverage of the company to provide estimates for the second quarter adjusted results. Equinor publishes second quarter 2022 financial results on 27 July. Every quarter ahead of the earnings announcement, Equinor collects earnings and production estimates from the equity analysts covering the company. […]

EP PetroEcuador to import premium diesel from Trafigura

PANAMA CITY, PANAMA (By Editors with Energy Analytics Institute, 7.Jul.2022, Words: 142) — EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022. The transaction will be […]

Trinidad Minister Young Meets with Trinity Exploration Executives

(TT MEEI, 7.Jul.2022) — In keeping with his commitment to meet and engage with energy stakeholders, The Honourable Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister Stuart R. Young M.P along with Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and […]

Petrobras Commences Cash Tender Offers [PDF Download]

(Petrobras, 6.Jul.2022) — Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the […]

S&P Revises Pemex’s Outlook to Stable

(Reuters, 6.Jul.2022) — S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude oil prices are improving Pemex’s credit metrics, although the company’s weak liquidity continues to affect its assessment […]

Asia
China

JinkoSolar Announces up to $200mn Share Repurchase Program

(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 […]

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 Química S.A., located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química 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 Petróleo 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 Comisión Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency Andrés Manuel López 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 Petróleos 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 Andrés Manuel López 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 Martín 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 Américas, 1.Jul.2022) — Enel Américas 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 […]

England
UK

NEOM’s ENOWA to Boost Extreme E with Green Hydrogen Power

(NEOM, 30.Jun.2022) — Extreme E announced a multi-year relationship with ENOWA, NEOM‘s energy, water and hydrogen subsidiary, to introduce green hydrogen power to their global sustainable racing series. The announcement comes just days after NEOM, a sustainable region in northwest Saudi Arabia being built from the ground up, was revealed as the […]

Wintershall Dea Reinforces “Aiming for Zero Methane Emissions Initiative”

(Wintershall Dea, 30.Jun.2022) — Rapidly reducing methane emissions is an essential tool for mitigating climate change and achieving global climate goals. “The gas and oil industry, too, must and will make its contribution here. At Wintershall Dea, we have already been very consistently reducing the methane emissions from our production […]

NRGBriefs: Increased US LNG Exports Could Add $73bn to US Economy

(Energy Analytics Institute, 30.Jun.2022) — Energy briefs including Freeport LNG Development, L.P. eying a partial resumption of liquefaction operations in October 2022; and the American Petroleum Institute (API) forecasting that increasing US LNG exports could support 220,000-452,000 additional American jobs and add up to $73bn to the US economy by […]

Freeport LNG Updates on Proposed Safety Order

(Freeport LNG, 30.Jun.2022) — Freeport LNG Development, L.P. provided the following statement regarding the Notice of Proposed Safety Order Issued by the Pipeline Hazardous Materials Safety Administration (PHSMA): Freeport LNG acknowledges the Notice of Proposed Safety Order issued today by the Pipeline and Hazardous Materials Safety Administration (PHMSA). Safety has […]

Bristow Signs Long-Term Maintenance Support Agreements

(Bristow, 30.Jun.2022) — Bristow Group Inc. (NYSE: VTOL) has signed long-term, favorable maintenance support agreements with Leonardo Helicopters for airframes and Pratt & Whitney for engines on the Company’s global fleet of AW139 helicopters. Highlights: Agreements with Leonardo Helicopters and Pratt & Whitney provide comprehensive, long-term maintenance support for AW139 airframes […]

LG Energy Partners with Compass Minerals to Enhance Supply Chain Flow

(LG Energy Solution, 29.Jun.2022) — LG Energy Solution (LGES; 373220) is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to satiate the growing market demand. LGES has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a leading […]

G-7 Leaders Favor LNG Investment in U-Turn Due to Energy Crisis

(Bloomberg, 29.Jun.2022) — Investments in liquefied natural gas — already booming as Europe seeks to cut its energy dependence on Russia — are set to get another boost, even amid longstanding climate concerns. Leaders from the Group of Seven, representing the world’s richest economies, on Tuesday supported temporary public investments […]

KAPSARC Reveals Estimates for Oil, Gasoline Demand

(KAPSARC, 29.Jun.2022) — Global oil demand is projected to record a 1.9% quarter-on-quarter growth averaging 100.6 million barrels per day by the end of the third quarter this year, surpassing pre-COVID levels, according to King Abdullah Petroleum Studies and Research Center’s (KAPSARC) upcoming KAPSARC Oil Market Outlook (KOMO). At 54 […]

Trinidad Minister Young Participates in Ministerial Roundtable

(TT MEEI, 28.Jun.2022) — Honourable Minister Stuart Young participated in the Ministerial Roundtable titled, “A Bright Future Through Energy” at the Suriname Energy, Oil and Gas Summit 2022 on 28 June 2022. Minister Young opened discussions by referencing a Journal of Petroleum Technology (JPT) article which highlighted an example of […]