(bpTT, 26.May.2022) — bpTT announced the return of the Joe Douglas Jack Up rig which will arrive in Trinidad in September 2022 and begin drilling operations in the fourth quarter. The first phase of the drilling programme will involve development drilling of small pools; three wells in the Mango field […]
Year: 2022
TotalEnergies to Acquire 50% of Clearway Energy Group
(TotalEnergies, 25.May.2022) — TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th US renewable energy player. This constitutes its largest acquisition in the renewable energy in the United States, one of the top 3 renewable markets in the world. […]
Chevron Reviews Plans at Annual Stockholders Meeting
(Chevron, 25.May.2022) — Chevron Corporation (NYSE: CVX) provided an overview of the company’s business plans and operations at its annual stockholders meeting. “We are focused on delivering higher returns, lower carbon and superior shareholder value,” said Michael Wirth, Chevron’s chairman and CEO. “Our strategy is clear: leverage our strengths to deliver lower […]
Gas and Condensate Finds to be Developed in the Norwegian Sea
(Equinor, 25.May.2022) — Equinor and Halten East partners VĂĄr Energi, Spirit Energy and Petoro have decided to invest about NOK 9bn in the development of the area neighboring to the Ă…sgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and option on another three […]
Equinor Reveals New Oil Find Close to Barents Sea Johan Castberg Field
(Equinor, 25.May.2022) — Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea. The well was drilled five kilometres south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometres northwest of Hammerfest. […]
Equinor Exits all JVs in Russia
(Equinor, 25.May.2022) — On 27 February 2022, Equinor decided to start the process of exiting the company’s joint ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08bn on the balance sheet as […]
Petrobras Inks Deal for the Divestment of the LUBNOR Refinery
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale […]
Petrobras Board Deliberates About CEO, Board Changes
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 23 May 2022, regarding the Ministry of Mines and Energy‘s Official Letter requesting the convening of an Extraordinary General Meeting (EGM) to promote the substitution and election of a member of the Board of Directors and the nomination of […]
Talos Energy To Host Analyst & Investor Day
(Talos, 24.May.2022) — Talos Energy Inc. (NYSE: TALO) will host its first-ever analyst and investor day today at 2:00 PM Eastern Time (1:00 PM Central Time). A live webcast of the event will be available on the company’s recently updated and relaunched corporate website at https://www.talosenergy.com/investor-relations/events-calendar/. Please allow extra time to […]
TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation
(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global […]
MacDermid Offshore Expands Product Line with Oceanic EL 08
(MacDermid, 24.May.2022) — MacDermid Offshore Solutions, a provider of high-performance and environmentally-friendly products for the offshore oil and gas industry, has expanded its product line with the release of Oceanic EL 08. The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors […]
US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms
(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said. The last U.S. energy producer in Venezuela asked […]
Energy Security Concerns Reinforce Government Focus on Renewable Energy Programs
(EY, 24.May.2022) — Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices. As a result, governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy […]
Houston American Energy Spuds First Exploration Well in Colombia
(Houston American Energy, 24.May.2022) — Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the […]
Sempra Inks Deal with TotalEnergies, Mitsui, Mitsubishi for HCS Project
(Sempra, 23.May.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana. The participation agreement contemplates that the combined Cameron LNG Phase 1 and proposed […]
Oxy Reveals Tender Results, Upsize of Cash Tender Offers for Certain Senior Notes
(Oxy, 23.May.2022) — Occidental (NYSE: OXY) announced the tender results of its offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) its outstanding notes listed in the tables below (the “Notes,” and each, a “Series” of Notes) in three separate pools (each, a “Pool”). The Offers were made […]
NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to be on “maximum alert” in the face of what he called “terrorist attacks by the national and international right-wing against the Guri hydroelectric complex and […]
Petrobras on Request Regarding Caio Mario Paes de Andrade
(Petrobras, 23.May.2022) — Petrobras received today a letter from the Ministry of Mines and Energy, requesting measures in order to call an Extraordinary General Meeting, with the purpose of promoting the removal and election of a member of the Board of Directors, and appointing Caio Mario Paes de Andrade, to […]
Underwater Wireless Acoustic Standard to Improve Offshore Drone Communication
(Subsea Wireless Group, 23.May.2022) — An international oil and gas industry network, Subsea Wireless Group (SWiG), has launched a new wireless acoustic standard to improve communication between offshore vessels and the vehicles used in underwater inspection, maintenance and repair. SWiG addresses problems related to the increasing diversity of communication systems used by Autonomous Underwater […]
GoldMining Inc. Announces Board Appointments For U.S. GoldMining Inc.
 (GoldMining, 23.May.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) is pleased to announce appointments to the Board of Directors of U.S. GoldMining Inc., a subsidiary of the company created to advance the Whistler Gold-Copper Project, located in Alaska, USA on a standalone basis (see news release February 28, 2022). The U.S. GoldMining […]
Golden Arrow Provides Results of Drilling at Tierra Dorada Gold Project in Paraguay
(Golden Arrow, 20.May.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) received the final assays from its recent diamond drilling program at the Tierra Dorada Gold project in Paraguay. The Phase II program included 46 drill holes totaling 1791.80 meters testing the Alvaro and Itayuru prospects. Eight holes returned intervals of […]
Forefront Power to Develop Solar Energy Systems for Anheuser-Busch
(ForeFront Power, 20.May.2022) — ForeFront Power, a developer, advisor, and asset manager for commercial and industrial-scale solar energy and storage projects, has partnered with American brewer, Anheuser-Busch, to develop solar energy systems at eight breweries in its craft business unit, Brewers Collective. ForeFront Power has now completed solar energy installations […]
Mantaro Precious Metals Corp. Starts 5,000m Drill Program at Golden Hill
(Mantaro, 19.May.2022) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) announced the maiden 5,000-meter diamond drill program has commenced at the Golden Hill Property, located in Bolivia. The company will initially focus on drilling the numerous veins within the high-grade La Escarcha Gold Mine. Veins are up to 5 […]
Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia
(Sumitomo, 18.May.2022) — Sumitomo Corporation Andes S.A.S. (SCAN), a subsidiary of Sumitomo Corporation, together with Promigas, a leading energy distributor and transporter in South America, announced their intent to collaborate on the development of hydrogen mobility solutions in Colombia. The purpose of this agreement is to establish a collaboration between the two […]
PNM Announces Executive Changes
(PNM, 19.May.2022) — PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company’s ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn. Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and […]
Shell, Brazil’s Açu Partner to Build Green Hydrogen Plant
(Reuters, 19.May.2022) — Shell and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation. Under the terms of a memorandum of understanding signed May 19 and […]
CFE Reveals Commencement of Cash Tender Offer
(CFE, 19.May.2022) — ComisiĂłn Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States announced today that it commenced a tender offer (the “Offer“) to purchase for cash its 4.875% Notes due 2024 (the “2024 Notes“), 6.125% Notes due 2045 (the “2045 Notes“), 5.750% Notes […]
HIF Global and Uniper Ink Letter of Intent to Produce, Sell eFuels
(HIF Global, 19.May.2022) — HIF Global, HIF Chile and Uniper Global Commodities signed a Letter of Intent (the “eFuels LOI”) to negotiate binding offtake agreements for the sale and purchase of eFuels from the commercial plants under development in Magallanes, Chile. Pursuant to the eFuels LOI, HIF Global and Uniper will […]
SQM Reports Earnings of $796.1mn in 1Q:22
(SQM, 19.May.2022) — Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the three months ended 31 March 2022 of US$796.1 million (US$2.79 per share), an increase from US$68mn (US$0.26 per share) reported for the three months ended 31 March 2021. Gross profit reached US$1,164.7mn (57.7% of revenues) for the three months ended 31 […]
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22 financial results; Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) reporting results from 10 new drill holes targeting the Tajitos – Copala resource area, at […]
NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]
Frontera Announces Annual and Special Meeting Results
(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today. ELECTION OF DIRECTORS Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total […]
Frontera Releases Sustainability Report
(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) released its 2021 Sustainability Report, announced its 2022 environmental, social and governance (ESG) targets and reaffirmed its commitment to continue to develop and implement meaningful actions to strengthen its ESG performance across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: “I am […]
NG Energy Receives Initial Prepayment from the MarĂa Conchita Block
(NG Energy, 18.May.2022) — NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) received an initial advance payment for the first 15 days of production from the MarĂa Conchita block. Energy Transitions S.A.S E.S.P. and Plus + SAS ESP‘s  prepayment for the acquisition of 3.5 million standard cubic feet per day (MMSCFD) of gas […]
Citgo Reports 1Q:22 Net Income of $245mn
(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and a loss of $(180)mn for the first quarter of 2021. Reliable operations and favorable market conditions enabled Citgo to generate EBITDA 1 of $518mn for the first quarter of 2022, compared […]
Chevron Sanctions Ballymore Project in Deepwater US GOM
(Chevron, 17.May.2022) — Chevron Corporation (NYSE: CVX) sanctioned the Ballymore project in the deepwater US Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform. “Chevron’s US Gulf […]
US Moves to Ease a Few Economic Sanctions on Venezuela
(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and the government of President Nicolás Maduro. The limited changes will allow Chevron Corp to negotiate its licence with the state-owned […]
Invenergy Surpasses 30 Gigawatts as it Celebrates 20th Anniversary
(Invenergy, 17.May.2022) — Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, is celebrating a monumental milestone: the company has successfully developed over 30 gigawatts (GW) of clean energy generation projects over its 20-year existence, projects that generate enough energy to power nearly 10 million […]
Vivaris Capital and United Cities to Create Sustainable Net Zero Cities
(Vivaris Capital, 17.May.2022) — Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, signed a global facilitation agreement with United Cities (UCNA). Vivaris and UCNA will work together to develop sustainable real estate projects and to deploy climate technologies. UCNA’s mission is to support the UN-approved 2030 Sustainability […]
US to Ease Some Energy Sanctions on Venezuela
(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told CNN. The first step, to be announced on Tuesday, will allow Chevron — the last major US oil company still […]
Petrobras Announces Diesel Spill at Presidente Bernardes Refinery
(Petrobras, 17.May.2022) — Petrobras announces there was a diesel oil spill followed by a fire at the Presidente Bernardes Refinery (RPBC), located in the city of CubatĂŁo, in the state of SĂŁo Paulo. The site was immediately isolated and the refinery’s fire brigade team controlled the incident. There were no […]
Orvana’s Revises Guidance Due to Impacts on Orovalle Operation
(Orvana, 10.May.2022) — Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 31 March 2022 and announces revised guidance for fiscal year 2022 for the Orovalle operation to take into consideration the impacts caused by COVID-19 related absenteeism, delays in spare parts supply in Europe, the nationwide transportation strike […]
Rhyolite Identifies 3.5km of Gold in Guiana Shield
(Rhyolite Resources, 16.May.2022) — Rhyolite Resources Ltd. (TSXV: RYE) announced its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight […]
Venezuela Petroleum Chamber President Quintero on the Oil Sector
(Energy Analytics Institute, 16.May.2022) — Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed on Venezuela, state owned PetrĂłleos de Venezuela (PDVSA) and current production levels and potential to boost production over the short-term, Venezuela’s potential to industrialize flared […]
Oxy Reveals Cash Tender Offers for Certain Senior Notes
(Oxy, 16.May.2022) — Occidental (NYSE: OXY) has commenced cash tender offers to purchase its outstanding notes listed in the tables below in three separate pools. Occidental’s obligation to accept for purchase, based on the Acceptance Priority Levels (as defined below) set forth in the columns entitled “Acceptance Priority Level” in the […]
All On and Solstroem Ink Deal to Finance Technology Platform for Carbon Credits
(All On, 16.May.2022) — All On, a shell-funded impact investment company focusing on strengthening the off-grid energy markets in Nigeria, is pleased to announce an investment in the Danish technology company Solstroem. In doing so, All On matches a previous investment made by Persistent Energy Capital LLC into the company […]
Shell Joins Exxon with $1bn Brazil Exploration Setback
(Bloomberg, 16.May.2022) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo […]
NRGBriefs: Pampa EnergĂa Annual Report; Coho Trenching Starts
(Energy Analytics Institute, 16.May.2022) — Energy briefs including Argentine oil producer Pampa EnergĂa S.A. revealing its annual report for year-end 2021; and Touchstone Exploration saying that trenching has commenced at its Coho project. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentine oil producer Pampa EnergĂa S.A. revealed its annual rpt […]
Sempra Infrastructure and PGNiG Advance North American LNG Alliance
(Sempra, 16.May.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and the Polish Oil & Gas Company (PGNiG) entered into a heads of agreement (HOA) for the purchase of approximately 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) delivered free-on-board from Sempra Infrastructure’s portfolio of LNG projects in North […]
Steel Dynamics Eyes Acquisition of a Mexican Metals Recycling Company Roca
(Steel Dynamics, Inc., 16.May.2022) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of Roca Acero S.A. de C.V. to be funded with available cash. Roca is headquartered […]