(ExxonMobil, 28.Jun.2022) — ExxonMobil said its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada. The sale, for a total cash consideration of about US$1.47bn, is expected to […]
Year: 2022
Strohm Supports Shell with Fast-track Delivery of a TCP Riser
(Strohm, 28.Jun.2022) — Strohm has supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets. The availability of TCP through Strohm’s “TCP on Demand” model and the ability to install end-fittings offshore enabled flexible, quick and easy installation. Strohm was […]
NRGBriefs: SEOGS 2022 Kicks Off; Petrobras CEO Takes Office
(Energy Analytics Institute, 28.Jun.2022) — Energy briefs including new Petrobras CEO Caio Mário Paes de Andrade starting his new job in Rio de Janeiro; and the opening of the 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) in the South American country’s capital Paramaribo. LATIN […]
Adewole Adebayo, Candidate for President of Nigeria, visits Washington, DC
(Adewole Adebayo, 28.Jun.2022) — Prince Adebayo, who recently won the Social Democratic Party (SDP)‘s nomination for president, is visiting the US by invitation to attend a stakeholder meeting with the US Commission for International Religious Freedom. He will also be meeting with ambassadors, State Department officials, university officials, and the […]
US Officials Return to Venezuela Amid Gas Price Hike
(AP, 27.Jun.2022) — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with the South American oil giant as the war in Ukraine drags on, forcing the U.S. to recalibrate other foreign policy objectives. A U.S. State Department […]
ExxonMobil, CNOOC and Shell to Pursue CCS Hub in China
(Exxon, 27.Jun.2022) — ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China. Highlights: — Agreement initiates […]
Ramps Under Pressure in Guyana 
(Trinidad Express, 25.Jun.2022) — Guyana’s local content law is likely to affect the future operations in the oil-rich South American country of one of its earliest and biggest investors, a Trinidad-owned company, Ramps Logistics. Ramps Logistics, a family-owned business from Cunupia, expanded into Guyana in 2013–which was before ExxonMobil discovered […]
![The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/ven-citgo-simon-bolivar-fundacion-annual-rpt-2021.jpg)
The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]
(Citgo, 27.Jun.2022) — The Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, released its 2021 Annual Report. The Foundation is dedicated to improving the health of vulnerable people affected by the complex, ongoing humanitarian crisis in Venezuela, with special attention to mothers and children. After redefining its […]
Heritage, Paria, and Staatsolie Ink MoU
(Heritage, 27.Jun.2022) — Earlier today, a Memorandum of Understanding (MoU) between Heritage Petroleum Company Limited, Paria Fuel Trading Company Limited, and Staatsolie Maatschappij Suriname N.V. was executed in Paramaribo, Suriname on the sidelines of the Suriname Energy, Oil and Gas Summit. The MoU establishes a framework for cooperation amongst three […]
Touchstone on Trinidad Operations, Environmental Incident
(Touchstone Exploration, 27.Jun.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an update on the operational progress across the Ortoire block, onshore Trinidad. Touchstone has an 80 percent operating working interest in Ortoire block, with Heritage Petroleum Company Limited holding the remaining 20 percent working interest. Coho • The pipeline […]
In Colombia, Natural Gas Consumption Exceeding Production
(EIA, 27.Jun.2022) — In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia Country Analysis Brief. More than 65% of electricity generation in Colombia came from […]
QatarEnergy Joins Aiming for Zero Methane Emissions Initiative
(QatarEnergy, 27.Jun.2022) — QatarEnergy has joined the Aiming for Zero Methane Emissions Initiative, an industry-led initiative that aims to reach near zero methane emissions from operated oil and gas assets by 2030. The initiative adopts an all-in approach that treats methane emissions as seriously as the industry treats safety. It […]
Petrobras Teasers for Divestment of Refining and Logistics Assets
(Petrobras, 27.Jun.2022) — Petrobras, following up on the releases disclosed on 8 February 2021, 25 August 2021, and 1 October 2021, restarted the processes for the sale of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande […]
Petrobras BODs Names Caio Mário Paes de Andrade as CEO
(Petrobras, 27.Jun.2022) — Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras’ Director until the next General Shareholders’ Meeting and elected him as the company’s CEO, the latter to hold office until April 13, 2023. […]
Petrobras Elects New CEO as Fuel Price Pressures Mount
(Reuters, 27.Jun.2022) — The board of directors of Brazil’s Petrobras elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion. Andrade, a former economy ministry official, was also voted onto the company’s board ahead of […]
Saipem to Sale FPSO Cidade de Vitória for $73mn to BW Energy
(Saipem, 27.Jun.2022) — Saipem and BW Energy signed a Memorandum of Agreement (MoA) for the sale of the FPSO Cidade de Vitoria, currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale of the FPSO is subject to the closing of the acquisition by […]
NRGBriefs: Canacol on Colombian Operations; Perfect Storm of Soaring Inflation
(Energy Analytics Institute, 25.Jun.2022) — Energy briefs including Canacol Energy Ltd. providing details about its operations in Colombia as well as its value proposition in the South American country [PDF download]; and many emerging economies are currently faced with a perfect storm of soaring inflation, acute shortages of fuel and […]
EP PetroEcuador Comments on Impact of Ongoing Unrest
(Energy Analytics Institute, 25.Jun.2022) — Ongoing social unrest, which started on 13 June 2022, in Ecuador’s Amazon region has led to the closure of oil wells and consequently has led to an inability to operate entire blocks in the South American country. To date, Ecuador has stopped producing 1,071,707 barrels […]
BW LPG Carriers Complete Dual-Fuel Retrofits
(MAN Energy Solutions, 24.Jun.2022) — Oslo-listed BW LPG – an owner and operator of LPG vessels – has announced that it has converted the main engine of the ‘BW Malacca’ to dual-fuel running. The last such conversion for a series of 15 LPG carriers, the ship’s MAN B&W 6G60ME-C9.2 type […]
Petrobras Board to Discuss Selection of Caio Mário Paes de Andrade as Next CEO
(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on 27 June 2022, in the morning, to deliberate on the appointment of Mr. Caio Mário Paes de Andrade as a Member of the Board of Directors of Petrobras and […]
NRGBriefs: Caribbean Monthly Economic Report June 2022
(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba in June 2022; Guyana’s Natural Resource Fund hitting $643.98mn in May 2022; Suriname’s real GDP growth is expected to reach […]
Asco to Support Operations in Suriname
(Asco, 24.Jun.2022) — Global integrated logistics and materials management company, ASCO signed an agreement with Kuldipsingh Port to provide technical expertise for its supply base operations, playing a major role in Suriname’s energy industry. The agreement will see the Aberdeen headquartered company support new oil and gas developments in offshore […]
ExxonMobil, Grieg Edge, North Ammonia, GreenH Eye Slagen Terminal in Norway
(ExxonMobil, 24.Jun.2022) — ExxonMobil, Grieg Edge, North Ammonia, and GreenH signed a memorandum of understanding to study potential production and distribution of green hydrogen and ammonia for lower-emission marine fuels at ExxonMobil’s Slagen terminal in Norway. Highlights: Potential production of up to 20,000 metric tons of green hydrogen; distribution of […]
BW Energy Inks Deal for Golfinho Field FPSO Cidade de Vitoria
(BW Energy, 24.Jun.2022) — BW Energy signed an agreement to acquire the FPSO Cidade de Vitoria, currently producing on the Golfinho field, from Saipem for a cash consideration of $73mn. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO […]
Petrobras to Divest E&P assets in the Espírito Santo Basin
(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed on 23 June 2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt […]
Vice News Zeroes in on Oil-rich Guyana
(Vice News, 23.Jun.2022) — Allegations of widespread and organized state corruption have always dogged the Indo-dominated People’s Progressive Party (PPP) whenever it is in government in the Caribbean Community headquarter nation of Guyana, but a damning undercover investigation by American media outfit Vice-News appears to have confirmed deeply entrenched fears […]
NRGBriefs: BW Energy Inks $75mn Deal with Petrobras for Offshore Clusters
(Energy Analytics Institute, 23.Jun.2022) — Energy briefs including Oslo-based BW Energy signing an agreement to acquire an 100% operated working interest in the Golfinho and Camarupim clusters and a 65% working interest in the BM-ES-23 block from Petrobras for $75mn. LATIN AMERICA AND THE CARIBBEAN Brazil — BW Energy inked […]
NRGBriefs: Eni Plenitude S.p.A. Società Benefit Postpones IPO
(Energy Analytics Institute, 23.Jun.2022) — Energy briefs including Eni Plenitude S.p.A. Società Benefit informing that shareholder Eni S.p.A. have postponed an IPO of ordinary shares for listing on Euronext Milan due to a deterioration in market conditions; and GTC Vorro Technology expanding with the launch of its technology licensing division. […]
Petrobras’s Best Solution for Markets May Be Worst for Politicians
(Dow Jones, 23.Jun.2022) — Privatizing Petroleo Brasileiro SA, or Petrobras, is likely the best solution to rid Brazil’s state-owned oil giant of political interference. It is also a longshot, according to analysts. Petrobras has been stung by turmoil in recent months. Brazilian President Jair Bolsonaro has attacked the company’s fuel-pricing […]
Noble Corporation to Divest Five Rigs
(Noble Corporation, 23.Jun.2022) — Noble Corporation (NYSE: NE) announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375mn to a newly formed subsidiary (“Buyer”) of Shelf Drilling, Ltd. whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling (the “Remedy […]
Maersk to Divest Remedy Rigs for $375mn
(Maersk, 23.Jun.2022) — With reference to the announcement made on 9 May 2022, Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) today provided an update on the ongoing merger control process for the business combination announced on […]
BW Energy’s Offer for Golfinho and Camarupim Clusters Approved by Petrobras
(BW Energy, 23.Jun.2022) — BW Energy has been notified that the company’s offer to acquire the Golfinho and Camarupim Clusters offshore Brazil has been approved by the Petrobras Executive Board. The acquisition is expected to add approximately 9,000 barrels of oil per day of oil production from early 2023. The […]
NRGBriefs: Uranium Energy Completes C$5mn Private Placement
(Energy Analytics Institute, 22.Jun.2022) — Energy briefs including Uranium Energy Corp (NYSE: UEC) completing its C$5mn private placement in UEX Corporation. NORTH AMERICA US — Uranium Energy Corp (NYSE: UEC) completed its C$5mn private placement in UEX Corp. consisting of the acquisition by UEC of 11,627,907 UEX common shrs at […]
Suriname’s Natural Resources Minister Comments before SEOGS 2022
(SEOGS, 22.Jun.2022) — Suriname’s Minister of Natural Resources H.E. David Abiamofo spoke about the South American country’s energy sector and potential during an interview prior to the start of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) which takes place 28-30 June 2022 in the country’s capital Paramaribo. […]
TSC Subsea Masters the Art of Deepwater Hydrate Detection
(TSC Subsea, 22.Jun.2022) — TSC Subsea is once again leading the field in the development of subsea technology with its latest piece of equipment, an industry first in acoustic deepwater hydrate detection. The ART® vPush, from the global specialist in developing advanced subsea inspection solutions for challenging situations, provides efficient, cost […]
Liza Unity Receives ABS’ SUSTAIN-1 Notation
(Piero Stewart, Energy Analytics Institute, 22.Jun.2022) — The Liza Unity floating production storage and offloading vessel, where oil can be processed, stored and transferred to tankers, is the first in the world to receive a SUSTAIN-1 notation by the American Bureau of Shipping (ABS) for its sustainable design and operation […]
Petrobras on Gaspetro Sale
(Petrobras, 22.Jun.2022) — Petrobras, following up on the release disclosed on 07/28/2021, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved by majority vote the transaction for the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia […]
Cheniere and Chevron Ink LNG Sale and Purchase Agreements
(Cheniere Energy, 22.Jun.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that two of its subsidiaries, Sabine Pass Liquefaction, LLC (“SPL”) and Cheniere Marketing, LLC, have each entered into long-term liquefied natural gas (“LNG”) sale and purchase agreements (each, an “SPA”) with Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron […]
Cheniere Reveals FID for Corpus Christi Stage 3 Export Project
(Cheniere Energy, 22.Jun.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced today that its Board of Directors has made a positive Financial Investment Decision (FID) with respect to the 10+ million tonnes per annum of LNG Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”) and has issued full notice […]
Diverse Companies See Opportunities in “Oil and Gas” Summit
(SEOGS, 21.Jun.2022) — With more than 500 participants, the exhibition that is linked to the second edition of the Suriname, Energy, Oil and Gas Summit (SEOGS) seems to be the ideal place for networking, information and business. Two diverse, but highly motivated, companies that have chosen to participate in the […]
QatarEnergy Selects ExxonMobil for NFE Expansion Project
(QatarEnergy, 21.Jun.2022) — QatarEnergy announced that it has selected ExxonMobil as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. A special ceremony was held at QatarEnergy’s headquarters in Doha to mark the occasion, during which His Excellency […]
ExxonMobil and QatarEnergy to Expand LNG Production
(Exxon, 21.Jun.2022) — ExxonMobil and QatarEnergy signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha. Highlights: — ExxonMobil awarded 25% interest in […]
Ecopetrol Updates on Partial Distribution of Occasional Reserve
(Ecopetrol, 21.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, at the Extraordinary General Shareholders’ Meeting held on 17 June 2022, the company’s Shareholders approved the modification of the: i) deadline for the payment of dividends to the Nation, approved in the ordinary session of 30 March 2022, from […]
NRGBriefs: APA, Total Drill Dikkop Off Suriname; Pemex Output Goals
(Energy Analytics Institute, 21.Jun.2022) — Energy briefs including APA Corporation and TotalEnergies drilling the Dikkop exploration well in the central portion of Suriname’s Block 58 with the Maersk Valiant. LATIN AMERICA AND THE CARIBBEAN Mexico — State-owned Pemex expects oil and condensate production, w/ contributions from partners, to exit 2022 […]
Pathways to Sustainable Smelting
(WoodMac, 21.Jun.2022) — Traditional metal production is inherently polluting. According to data from Wood Mackenzie’s Emissions Benchmarking Tool, it is currently responsible for 9% of global greenhouse gas emissions. Many of the metals produced in smelting operations around the world will play a vital role in the energy transition. For […]
APA Corp., TotalEnergies Announce Test Results at Krabdagu Discovery Well
(APA Corp., 21.Jun.2022) — APA Corporation (Nasdaq: APA) announced flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, also holding a 50% working interest. Flow test data collected in the […]
222 Million Crisis-Impacted Children in Urgent Need of Educational Support
(Education Cannot Wait, 21.Jun.2022) — The United Nations global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), released a shocking new report today that indicates the number of crisis-impacted school-aged children requiring educational support has grown from an estimated 75 million in 2016 to 222 million today.Of the […]
Canacol Energy Announces Dividend
(Canacol Energy, 20.Jun.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) announced that it has declared a dividend of CAD$.052 per share, payable on 15 July 2022, to shareholders of record at the close of business on 30 June 2022. This dividend qualifies as an ‘eligible dividend’ for Canadian income tax […]
QatarEnergy Selects ConocoPhillips for NFE Expansion Project
(QatarEnergy, 20.Jun.2022) — QatarEnergy announced that it has selected ConocoPhillips as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This is the third in a series of announcements on partnerships in the $28.75bn expansion project. His Excellency […]
Fernando Borges Named as Petrobras Interim CEO
(Petrobras, 20.Jun.2022) — Petrobras, following up on the material facts disclosed today, informs that due to the vacancy in the CEO position, the Chairman of the Board of Directors has appointed the Chief Exploration & Production Officer, Fernando Borges, as interim CEO of the company, based on paragraph 4 of […]