(The Atlantic, 20.Jun.2022) — The perplexing part of Colombia’s electoral choice of a former leftist guerrilla over a right-wing populist is how unheralded the success of the outgoing moderate was. Which would you prefer? An elderly TikTok star who compares himself to Donald Trump? Or a former Marxist guerrilla who attended the funeral of […]
Year: 2022
Social Unrest Impacts Ecuador’s Oil Production
(Energy Analytics Institute, 20.Jun.2022) — Social unrest in Ecuador is again impacting the operations of state owned EP PetroEcuador in the Amazon region of the South American country. After eight days of stoppages called by some opposition organizations, the company has reported accumulated loss production (company and consortia) of 64,347 […]
Gustavo Petro, Former Guerrilla, will be Colombia’s First Leftist President
(Washington Post, 19.Jun.2022) — Gustavo Petro, a former rebel who rallied young and poor voters with promises to transform an unequal society, was elected Colombia’s first leftist president on Sunday, in a resounding rejection of the political establishment that has ruled the South American nation for two centuries. Petro received […]
QatarEnergy Selects Eni for NFE Expansion Project
(QatarEnergy, 19.Jun.2022) — QatarEnergy announced that it has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This announcement marks the second partnership in the $28.75bn NFE mega project, which will expand Qatar’s LNG production […]
Eni Enters the World’s Largest LNG Project in Qatar
(Eni, 19.Jun.2022) — Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of […]
NRGBriefs: Colombia Elects Gustavo Petro; Ecuador’s Force Majeure
(Energy Analytics Institute, 19.Jun.2022) — Political and energy briefs including Colombians electing Gustavo Petro as the South American country’s next president from 2022-2026; Ecuador declaring Force Majeure along the country’s entire hydrocarbon value chain; and Gazprom announcing it will deliver volumes of gas in line with recent days. LATIN AMERICA […]
EnCap and Double Eagle Form Double Eagle IV with over $1.7bn in Equity Committed
(Double Eagle, 17.Jun.2022) — EnCap Investments L.P. and the team behind the Double Eagle family of companies have entered into a strategic partnership to form Double Eagle Energy Holdings IV, LLC and Tumbleweed Royalty IV, LLC. The new entities have also received minority investments from Apollo Natural Resource funds, Magnetar […]
Coral South Introduces Hydrocarbons to FLNG Offshore Mozambique
(Eni, 18.Jun.2022) — Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners ExxonMobil, CNPC, GALP, KOGAS and ENH, announces that the Coral South Project has safely achieved the introduction of hydrocarbons to the Coral Sul Floating Liquefied Natural Gas (FLNG) plant from the Coral South reservoir […]
Ecuador Declares Force Majeure for Oil, State of Exception over Protests
(Reuters, 18.Jun.2022) — Ecuador’s state-owned oil company Petroecuador declared force majeure late on Saturday over the impact of protests against the government’s social and economic policies in the Andean country, while President Guillermo Lasso tried to clamp down on unrest. The oil company declared force majeure for its exploration, exploitation, […]
Ecuador Seeks Partner to Stop Gas Flaring as Anger Rises in the Amazon
(Reuters, 17.Jun.2022) — Ecuador oil company Petroecuador says it is working to shut down gas flares in the Amazon to comply with a court-imposed deadline, but progress is too slow for nearby communities who allege the flares cause cancer and other illnesses. A provincial tribunal in Sucumbios province last year […]
Argentina Signs Deal with Tenaris to Move Gas from Vaca Muerta
(Reuters, 17.Jun.2022) — Argentine state company Energia Argentina signed a contract June 16 with pipeline producer Tenaris, a critical step toward completing a pipeline to transfer natural gas from Argentina’s giant Vaca Muerta shale formation. The government says the pipeline will allow Argentina to forgo costly imports of LNG and reverse a large energy deficit that has limited the country’s economic recovery. The […]
Equinor, Partners Ponder 1 GW Wind Farm Off Western Norway
(Equinor, 17.Jun.2022) — Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips in the Troll and Oseberg fields, have initiated a study and are looking into possible options for building a floating offshore wind farm in the Troll area some 65 kilometres west of Bergen, Norway. With an installed capacity […]
NRGBriefs: OFAC Takes Former PDVSA VP off SDN List; Bristow to Ring Opening Bell
(Energy Analytics Institute, 17.Jun.2022) — Energy briefs including the US Department of Treasury announcing the removal of former PDVSA Vice President Carlos Erik Malpica Flores from OFAC’s SDN list. LATIN AMERICA AND THE CARIBBEAN Venezuela — The US Department of the Treasury announced removal of Malpica Flores, Carlos Erik, Naguanagua, […]
Maersk Drilling Secures One-Well Extension for Maersk Valiant
(Maersk, 16.Jun.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in […]
Study: Humans Responsible for Over 90% of World’s Oil Slicks
(FSU, 16.Jun.2022) — A team of U.S. and Chinese scientists mapping oil pollution across the Earth’s oceans has found that more than 90% of chronic oil slicks come from human sources, a much higher proportion than previously estimated. Their research, published in Science, is a major update from previous investigations into […]
SSR Mining Reveals Normal Course Issuer Bid
(SSR Mining, 16.Jun.2022) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) has filed with and received acceptance from the Toronto Stock Exchange (TSX) for a Notice of Intention to make a Normal Course Issuer Bid (“NCIB”) under the requirements of the TSX permitting SSR Mining to purchase for cancellation up […]
Frontera Provides Update on Exploration Block Offshore Guyana
(Frontera, 16.Jun.2022) — Frontera Energy Corporation (TSX: FEC), joint venture partner with CGX Energy Inc. (TSXV: OYL) in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that, following constructive discussions with the government of Guyana, the joint venture will focus exclusively on the exploration opportunities in the Corentyne […]
Nucor Expects Record 2Q:22 Quarterly Earnings
(Nucor, 15.Jun.2022) — Nucor Corporation (NYSE: NUE) announced guidance for its second quarter ending 2 July 2022. Nucor expects second quarter earnings to be in the range of $8.75 to $8.85 per diluted share, which would surpass the previous quarterly earnings record of $7.97 per diluted share set in the fourth quarter of 2021. Nucor reported net […]
JinkoSolar Reveals its First Overseas “RE100 Factory” Completely Powered by Renewables
(JinkoSolar, 15.Jun.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its Malaysia factory has become its first overseas “RE100 factory” fully powered by renewables. 100% of the electricity consumed in production and operation activities supporting roughly 7GW vertically integrated […]
BHP to Retain New South Wales Energy Coal
(BHP, 15.Jun.2022) — BHP will retain New South Wales Energy Coal (NSWEC) in its portfolio, seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026 and proceed with a managed process to cease mining at the asset by the end of the 2030 financial […]
Petrobras Maintains Commitment to Competitive Fuel Prices, Balanced Market
(Petrobras, 14.Jun.2022) — Petrobras, regarding the news published in the media about expectations of new readjustments in fuel prices, maintains its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate passthrough of external volatility and of the exchange rate caused by circumstantial […]
Petrobras Inks Agreement for Feasibility of Biomethane Production
(Petrobras, 14.Jun.2022) — Petrobras and RaĂzen signed an agreement to jointly evaluate potential businesses involving the production, purchase and sale of biomethane, a 100% renewable fuel produced by RaĂzen from sugarcane waste (vinasse and filter cake), generated in the agro-industrial operations of the company’s Energy Bioparks. The partnership also foresees […]
GoldMining Options The Almaden Property to NevGold for $16.5mn
(GoldMining, 14.Jun.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into an option agreement (the “Option Agreement“) with NevGold Corp. and its subsidiary (“NevGold“; (TSXV: NAU) whereby NevGold’s subsidiary may acquire a 100% interest in the company’s Almaden Project, located in Idaho, U.S.A. The Agreement provides for total cash and/or share consideration to […]
Adani and TotalEnergies to Create World’s Largest Green Hydrogen Ecosystem
(Adani Group, 14.Jun.2022) — Adani, India’s fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The […]
Aker Solutions and Aker BP Secure New, Future-Oriented Offices in Stavanger
(Aker Solutions, 14.Jun.2022) — Aker BP and Aker Solutions signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in Stavanger from 2024/2025. The new office complex will be located seaside near the leaning tower in JĂĄttĂĄvĂĄgen. The total construction […]
NRGBriefs: Atlas Expands Wind Portfolio in Brazil
(Energy Analytics Institute, 14.Jun.2022) — Energy briefs including Atlas Renewable Energy expanding its wind portfolio by acquiring a project from Voltalia in Brazil; Kootenay Silver (TSXV: KTN) announcing JV operator Aztec Minerals Corp. (TSXV: AZT) has reported the final gold and multi-element results for the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2 drill program […]
Atlas Broadens Market Offering With Wind Project in Brazil
(Atlas, 14.Jun.2022) — Atlas Renewable Energy, an international renewable energy generator, acquired a wind project in the Brazilian state of Minas Gerais from the French energy producer and provider Voltalia. The project, named Juramento, will have a generation capacity of 378 MW and will be composed of 63 wind turbines. Juramento […]
Freeport LNG Targets Partial Ops in 90 Days; 100% in Late 2022
(Freeport LNG, 14.Jun.2022) — Freeport LNG Development, L.P. is providing the following update on the June 8 incident at its Quintana Island liquefaction facility: At approximately 11:40AM CT on 8 June 2022, an incident occurred at the Freeport LNG liquefaction plant on Quintana Island, Texas that resulted in the release of LNG, leading to the formation and ignition of a […]
Petrobras Inks Natural Gas Protocol of Intentions
(Petrobras, 13.Jun.2022) — Petrobras and the Sergipe Government signed today a protocol of intentions to identify business opportunities with the use of natural gas, considering the development by the company of a new frontier in Sergipe Deep Waters. The objective of the protocol is to express the purpose of prospecting […]
Establishment of the Business Committee of the Ecopetrol BODs
(Ecopetrol, 13.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that, given the resignation of Juan Emilio Posada Echeverri from the Board of Directors of the company, the board, in its session on June 9, 2022, approved the new members of the Business Committee, which is formed as follows: BUSINESS COMMITTEE Carlos Gustavo Cano Hernando […]
B2Gold Releases Annual Responsible Mining Report Dubbed Raising the Bar
(B2Gold Corp., 13.Jun.2022) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) published its sixth annual Responsible Mining Report entitled “Raising the Bar” (the “Report”), which details B2Gold’s global economic contributions and its environmental, social, and governance management practices, together with the company’s performance against key indicators in 2021. […]
Sercel Equips New Vessel in South Korea with Marine Acquisition System
(CGG, 13.Jun.2022) — CGG announced today that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader. The contract calls for the supply of a Seal 428 recording system, including Sentinel® streamers, a Nautilus® streamer positioning system, and G-Source II high-performance […]
Shell plc 1Q:22 Euro and GBP Equivalent Dividend Payments
(Shell, 13.Jun.2022) — The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2022 interim dividend, which was announced on May 5, 2022 at US$0.25 per ordinary share. Shareholders have been able to elect to receive their dividends in US […]
Cenovus Buys Outstanding 50% Interest in Sunrise Oil Sands Asset
(Cenovus Energy, 13.Jun.2022) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600mn in cash, a variable payment with a maximum cumulative value of $600mn […]
bp Reshapes Canada Portfolio for Future Growth
(bp, 13.Jun.2022) — bp will increase its acreage position offshore Eastern Canada and sell its 50% non-operated interest in the Sunrise oil sands project in an agreement reached with Calgary-based Cenovus Energy. Total consideration for the transaction includes C$600mn (Canadian dollars) cash, a contingent payment with a maximum aggregate value of […]
APA Corp. Finds Water at Rasper Well in Block 53 Offshore Suriname
(APA Corp., 13.Jun.2022) — APA Corporation (Nasdaq: APA) provided results from recent drilling operations on Suriname Block 53. APA Suriname, the operator, holds a 45% working interest in the block, with Petronas holding a 30% working interest and CEPSA holding a 25% working interest. APA has completed operations on the […]
QatarEnergy Selects TotalEnergies for NFE Expansion Project
(QatarEnergy, 12.Jun.2022) — QatarEnergy has selected TotalEnergies as its first international partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The announcement comes at the conclusion of a competitive process that started in 2019 to select QatarEnergy’s international partners […]
Siemens Gamesa Clocks Deal for Platform in India with Vena Energy
(Siemens Gamesa, 10.Jun.2022) — Siemens Gamesa signed a deal with Vena Energy to supply its industry leading 3.X platform turbines to a 133 MW wind project in Koppal District, Karnataka, India. In total, the company will deliver 37 SG 3.6-145 wind turbines for this project with installation expected during Siemens […]
Petrobras on Injunction to Suspend Bahia Terra Cluster Sale
(Petrobras, 10.Jun.2022) — Petrobras was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the PetrorecĂ´ncavo and Eneva consortium regarding the sale process of the onshore production fields located in the […]
PetroEcuador Seeks Partner to Develop Block 6
(Energy Analytics Institute, 9.Jun.2022) — Ecuador’s state-owned EP PetroEcuador is eying a bidding process to select a strategic partner to develop Block 6 in the Gulf of Guayaquil. PetroEcuador is seeking to boost production at the Amistad Field and maximize the recovery factor of its deposits in Block 6, the […]
Petrobras on BODs Meeting About CEO
(Petrobras, 9.Jun.2022) — Petrobras, regarding the news published in the media, clarifies that, yesterday, there was a meeting of the Board of Directors (BD), in which, among other topics, the Federal Government’s request for replacement of the company’s CEO was discussed, through an official letter from the Ministry of Mines […]
Petrobras on Letter from the Ministry of Mines and Energy
(Petrobras, 9.Jun.2022) — Petrobras informs that it received a letter from the Ministry of Mines and Energy today, at 8:04 pm, in reference to Petrobras’ Extraordinary General Meeting, indicating ten candidates of the controlling shareholder for the eight seats to be filled for Petrobras’ Board of Directors, in case the […]
Low-carbon Hydrogen Demand in Refining Could Reach 50 Mtpa by 2050
(WoodMac, 9.Jun.2022) — Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Oil refining is one of the largest markets for hydrogen, accounting for about 32 Mtpa or 30-35% of global […]
Finland’s First FLNG Terminal to be in Fortum’s Inkoo Port
(Fortum, 9.Jun.2022) — Gasgrid Finland and Fortum have signed a Letter of Intent on placing Finland’s first floating LNG terminal vessel Exemplar at Fortum’s Inkoo port. Located on the Southern Coast of Finland, Inkoo provides an optimal deep-water port at close proximity to the pipelines distributing the gas mainly to […]
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NRGBriefs: Suriname Energy Oil & Gas Summit 2022 [Program Attached]
(Energy Analytics Institute, 8.Jun.2022) — Energy briefs including Suriname preparing to host its premier event: 2nd Suriname Energy Oil & Gas Summit to be held 28-30 June 2022 in Paramaribo; and an Energy Analytics Institute (EAI) quick takeaway regarding Trinidad and Tobago using natural gas production to feedstock for the […]
Analysis: Colombia’s Extractive Industries Watching Election Warily
(Reuters, 8.Jun.2022) — Colombia’s leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia’s economy and energy self-sufficiency, high-ranking industry figures and business associations said. Petro, currently a senator, told a […]
Eni to Join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG Expansion
(Reuters, 8.Jun.2022) — Italian producer Eni (ENI.MI) has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp (XOM), TotalEnergies SE (TTEF.PA), Shell (SHEL.L), ConocoPhillips (COP.N) and Eni will participate in the North Field […]
QatarEnergy and Chevron Awarded Early Site Work for RLPP
(QatarEnergy, 8.Jun.2022) — QatarEnergy and Chevron Phillips Chemical Company (CPChem) have announced awarding the early site works contract for the Ras Laffan Petrochemical Project (RLPP), marking the commencement of execution of the RLPP. Consolidated Contractors Company (CCC) has been selected as the contractor to undertake this work and was awarded […]
Shell Launches Residential Power Brand Shell Energy, Enters Texas Market
(Shell, 7.Jun.2022) —Shell announced the launch of the Shell Energy brand into the residential power market in the United States. Through Shell Energy Solutions the company now offers 100% renewable electricity plans to eligible customers in Texas, expanding its portfolio of offerings and giving residential customers access to renewable electricity plans while […]
Why The Oil Bonanza Offshore Guyana Has Global Implications
(Forbes, 7.Jun.2022) — The world’s thirst for crude oil continues to grow, as exemplified by the big, 5.1 million-barrel draw from U.S. crude inventories announced by the Energy Information Administration (EIA) last week. Referring to the current historically high prices for oil and refined products, one analyst, Amrita Sen from Energy Aspects, […]