2022 - Page 2 of 32 - Editores LatinPetroleum

1st Cycle of Permanent Sharing Offer: Collection 72% of Maximum

(ANP, 16.Dec.2022) — The 1st Cycle of the Permanent Production Sharing Offer (OPP), held today 16 December 2022 by the ANP, had four blocks auctioned, out of the 11 on offer, generating R$ 916,252,000.00 in signature bonuses (72 % of maximum possible). In addition, R$ 1.44bn in investments are foreseen by […]

Krafla to be Developed Using Ground-Breaking Concept

(Equinor, 16.Dec.2022) — Along with Aker BP, Equinor has made an investment decision and will today submit a plan for development and operation for Krafla to the Minister of Petroleum and Energy. Aker BP will be developing Krafla along with the Fulla and North of Alvheim discoveries in the same […]

Brazil Bid Round Alert: Welligence

(Welligence, 16.Dec.2022) — Brazil bid round alert! The first PSC Permanent Offer round was held today, with 4 of the 11 blocks on offer in the Santos and Campos basins awarded. The involvement of large international companies is encouraging, but most of the acreage awarded was lower risk, including areas […]

Biden-Harris Admin Approves $750mn for Hydrogen Technologies

(US Department of Energy, 16.Dec.2022) — The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced its intent to issue $750mn in funding from President Biden’s Bipartisan Infrastructure Law to dramatically reduce the cost of clean-hydrogen technologies. The funding is a crucial component of the administration’s comprehensive approach […]

Petrobras on ANP 1st Cycle Auction Result

(Petrobras, 16.Dec.2022) — Petrobras acquired the Sudoeste de Sagitário, Água Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Production Sharing Offer of the National Petroleum, Natural Gas and Biofuels Agency (ANP). Petrobras has acquired the Sudoeste de Sagitário block in partnership with Shell Brasil. The consortium […]

Aramco and TotalEnergies to Build Saudi Petrochems Complex

(TotalEnergies, 15.Dec.2022) — The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern […]

Great Panther Makes Voluntary Assignment into Bankruptcy

(Great Panther, 16.Dec.2022) — Great Panther Mining Limited (OTCPK: GPLDK) made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada) (the “BIA”) following the Supreme Court of British Columbia granting an order terminating of its proceedings under Companies’ Creditors Arrangement Act (Canada) (the “CCAA”). Alvarez & Marsal Canada Inc. was appointed licensed insolvency […]

Aquadrill Announces Charter Hire Agreement for the Vela

(Aquadrill, 15.Dec.2023) — Aquadrill LLC extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “manager”) to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a 150 day drilling contract with a total expected contract […]

Johan Sverdrup Phase 2 On Stream

(Equinor, 15.Dec.2022) — At 11:15 on 15 December 2022 production started from Johan Sverdrup Phase 2. When the Johan Sverdrup field reaches plateau production, every third Norwegian oil barrel will come from this giant field, which for decades will be essential to ensuring high and stable energy deliveries from Norway. […]

Guyana Presidential Guard Stabbed by Attacker at Official Residence

(Reuters, 15.Dec.2022) — A presidential guard in Guyana was stabbed five times in capital Georgetown on Thursday by a man who demanded to see President Irfaan Ali after arriving at his official residence, police said. The president and his family are safe, and the area around State House, the president’s […]

Saipem Awarded Deals for $1.2bn in Guyana, Egypt

(Saipem, 15.Dec.2022) — Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately $1.2bn. In Latin America: Guyana The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the UARU oil field development project, located in the Stabroek block offshore Guyana […]

Trinidad and Tobago Energy Conference 23-25 January 2023

(Trinidad and Tobago Energy Chamber, 15.Dec.2022) — The Trinidad and Tobago Energy Conference takes place at the Hyatt Regency in Port of Spain from 23-25 January 2023. Background The oil and gas industry has a central role to play in the energy transition globally, regionally and locally. Over the past […]

Awalé Files Technical Report For NW Goliath Project in Suriname

(Awalé, 15.Dec.2022) — Awalé Resources Limited (TSXV: ARIC) has filed a technical report regarding the Northwest Goliath Project in Suriname. This prospective gold project, along trend from the Rosebel Mine in Suriname, forms part of the acquisition of Colossal Gold Resources Limited by Awalé (the “acquisition”) pursuant to a letter […]

Petrobras on the CDP

(Petrobras, 14.Dec.2022) — Petrobras has become part of the list of global companies that stand out in climate change mitigation actions, as announced by the international organization CDP, formerly known as the Carbon Disclosure Project. The company received an A- rating in recognition of its good practices on this topic […]

Africa
Chad

Chad Contests Savannah Energy Acquisition of Exxon Mobil Assets

(Reuters, 13.Dec.2022) — Chad may ask its courts to block Savannah Energy‘s purchase of Exxon Mobil Corp‘s assets in the country, saying the final terms of the deal were substantially different from what had been presented to it a year ago. Exxon Mobil closed the $407 million sale of its […]

Contract Inked for $759mn Wales Natgas Plant

(DPI, 13.Dec.2022) — The Government of Guyana and LINDSAYCA/CH4 on Tuesday signed the contract for the construction of the integrated natural gas liquids (NGL) Plant and the 300-megawatt (MW) combined-cycle gas turbine (CCGT) power plant at Wales, West Coast Demerara (WCD), Region Three. The historical signing of the contract for […]

Talesun Solar Attends EnerGaia 2022, Paving the Way for Overseas Expansion

(Talesun, 12.Dec.2022) — From 7-8 December, EnerGaia 2022, an annual event for professionals in the renewable energy sector, was held in Montpellier, France. As a major EU country, France is in a renewable energy transition and has been hosting the show for several years. In May of this year, the EU announced a Joint […]

Diamondback Added to the Nasdaq – 100 Index

(Diamondback, 12.Dec.2022) — Diamondback Energy, Inc. (NASDAQ: FANG) has been added to the Nasdaq-100® Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Friday, 9 December 2022, which will become effective prior to market open on Monday, 19 December 2022. “Diamondback […]

Petrobras on the Bahia Terra Cluster

(Petrobras, 12.Dec.2022) — Petrobras informs that, after an audit carried out by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), it received, on 12 December 2022, an interdiction notice for the shutdown of operations in 37 onshore oil and gas production facilities in Bahia. The company is taking […]

Cheniere on Expiration of Cash Offer for 7% Secured Notes due 2024

(Cheniere, 12.Dec.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced today the expiration of its cash tender offer to purchase any and all of the $1.25bn aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 issued by Cheniere Corpus Christi Holdings, LLC (“CCH”). The tender offer described […]

SSR Mining Reveals Positive Results at Seabee [PDF Download]

(SSR Mining, 12.Dec.2022) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) announced results from 377 diamond drill holes completed at the Seabee property in Saskatchewan, Canada, for the September, 2021 to November, 2022 exploration period (the “Exploration Period”). These results build upon, and are subsequent to, the Seabee 2021 Technical […]

PBF Energy Reveals $500mn Share Repurchase Program

(PBF Energy, 12.Dec.2022) — PBF Energy Inc. (NYSE: PBF) announced that its board of directors has authorized the repurchase of up to $500mn of PBF Class A common stock. These repurchases may be made from time to time through various methods, including open market transactions, block trades, accelerated share repurchases, privately negotiated […]

More gas to Hammerfest LNG (HLNG): Askeladd on stream

OSLO, NORWAY (By Equinor, 12.Dec.2022, Words: 459) — Phase 1 of Askeladd will bring 18 billion cubic metres of gas and two million cubic metres of condensate to the market via the Hammerfest LNG plant on Melkøya. Askeladd is a satellite field of the Snøhvit Field and developed as a […]

CNX Unveils Appalachia-Focused Vision for the Future

(CNX, 12.Dec.2022) — CNX Resources Corp. (NYSE: CNX) launched “Appalachia First,” its vision for the future which draws on the company’s regional leadership, core operational strengths, and innovative business model. As the region’s premier low carbon intensive natural gas development, technology, and applications company, CNX is uniquely positioned to help revolutionize Appalachia, one […]

Pembina Provides Business Update [PDF Download]

(Pembina, 12.Dec.2022) — Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) announced today its 2023 financial guidance and a business update, including the sale of Pembina Gas Infrastructure’s (PGI) interest in the Key Access Pipeline System (KAPS). Highlights: — 2023 adjusted EBITDA guidance of $3.5bn to $3.8bn and a 2023 capital investment program of $730mn. The […]

Deepening China-Arab Energy Cooperation Born of Win-win Scenarios

(CGTN, 9.Dec.2022) — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of the China-Arab partnership, has steadily developed in recent years, with a deepening relationship born of numerous win-win achievements. Seventy percent […]

Guyana Launches First Licensing Round for Offshore Oil and Gas E&P

(Ministry of Natural Resources, 9.Dec.2022) — The government of Guyana, today, for the very first time, is announcing the launch of a Licensing Round. The round offers 14 blocks for tender in the shallow and deepwater areas of Guyana’s offshore area. Highlights 14 blocks for tender for shallow water and […]

President Ali Launches Bid Round for Offshore Blocks

(Office of the President of Guyana, 9.Dec.2022) — His Excellency Dr Irfaan Ali announced the launch of a competitive bidding process for 14 offshore oil blocks. The Head of State made this announcement during a virtual statement today from State House. “As you’re aware, we have committed that the new […]

Ecopetrol Group to Accelerate Energy Transition, Energy Security

(Ecopetrol, 9.Dec.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors approved the 2023 general organic investment plan for the Ecopetrol Group for an estimated amount between COP 25.3tn and COP 29.8tn. Individual investment projects will be evaluated in due course by the Board of Directors according to their materiality. The […]

WoodMac’s Five Key Energy Sector Developments in 2023

(WoodMac, 8.Dec.2022) — There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs and the impact of Russia’s war with Ukraine have had a damaging impact on the global economy, but may also […]

ExxonMobil Reveals Corporate Plan 2027

(Exxon, 8.Dec.2022) — ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20bn-$25bon, while growing lower-emissions investments to […]

Peru’s President Ousted by Congress in Political Crisis

(AP, 7.Dec.2022) — The president of Peru was ousted by Congress and arrested on a charge of rebellion Wednesday after he sought to dissolve the legislative body and take unilateral control of the government, triggering a grave constitutional crisis. Vice President Dina Boluarte replaced Pedro Castillo and became the first […]

Clara Liliana Guatame Aponte Takes the Helm at Colombia’s ANH

(Energy Analytics Institute, 7.Dec.2022) — Colombia’s Minister of Mines and Energy Irene Vélez Torres welcomed Clara Liliana Guatame Aponte as the new president of the National Hydrocarbons Agency (ANH). The act took place in Bogotá on 7 December 2022, the ANH announced on a statement on its website. ____________________ By […]

UK and US Reveal New Energy Partnership

(UK Prime Minister’s Office, 7.Dec.2022) — The UK and US will work together to increase energy security and drive down prices, as part of a new energy partnership. Highlights: PM and President Biden create a new high-level bilateral group to focus on energy security, efficiency and affordability The venture will […]

Chevron Announces 2023 Capex Budgets [PDF Download]

(Chevron, 7.Dec.2022) — Chevron Corporation today announced 2023 organic capital expenditure budgets of $14bn for consolidated subsidiaries (capex) and $3bn for equity affiliates (affiliate capex), which total near the high end of the company’s guidance range. The company’s 2023 capex budget is up more than 25% from 2022 expected spend, […]

Europe
Italy

Eni: Treasury Shares Purchase Programme Terminated

(Eni, 7.Dec.2022) — During the period from 28-29 November 2022, Eni acquired n. 4,322,849 shares, at a weighted average price per share equal to 14.0850 euro, for a total consideration of 60,887,377.41 euro within the authorization to purchase treasury shares approved at Eni’s Shareholders’ Meeting on 11 May 2022, previously […]

PGS and TGS Expand MultiClient Coverage Offshore Brazil

(PGS, 7.Dec.2022) — PGS, in collaboration with TGS, has secured pre-funding for the Santos Sul MultiClient 3D project in the southwest Santos Basin offshore Brazil. The PGS/TGS collaboration combines the operational and technical strengths of both companies to provide high quality MultiClient data and timely delivery, which are critical to […]

Cracker to Enable Hydrogen Imports Via Port of Rotterdam

(Port of Rotterdam, 6.Dec.2022) — An initiative of 18 companies, led by the Port of Rotterdam Authority, has kicked off a study into the possible establishment of a large-scale ammonia cracker, which will enable imports of 1 million tonnes of hydrogen per year for the decarbonization of industry and mobility. […]

KAPSARC and CNPC Affiliate Ink Research and Innovation Deal

(KAPSARC, 6.Dec.2022) — On 6 December 2022, the King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) with the Economics & Technology Research Institute (ETRI), a research institute affiliated with the China National Petroleum Corporation (CNPC), to foster cross-regional […]

Energy Chamber on Restructuring of Atlantic by Shareholders

(The Energy Chamber of Trinidad & Tobago, 6.Dec.2022) — The Energy Chamber of Trinidad & Tobago warmly welcomes today’s signing of agreements between bp, Shell, The National Gas Company of Trinidad and Tobago Limited (the Atlantic shareholders) and the Government of Trinidad & Tobago for the restructuring of the Atlantic […]

Remarks at announcement of Atlantic LNG restructuring agreement

PORT OF SPAIN, TRINIDAD AND TOBAGO (NGC, 6.Dec.2022, Words: 765) — Remarks at announcement of Atlantic LNG Restructuring agreement by the NGC President Mark Loquan. Dr. the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago The Honourable Stuart Young, Minister of Energy and Energy Industries and Minister in the […]

David Campbell at Atlantic LNG HoA Signing

(bpTT, 6.Dec.2022) — bpTT President David Campbell speaks about the deal between BP Plc, Shell Plc, The National Oil Company of Trinidad and Tobago (NGC) and Chinese Investment Corporation (CIC). Good morning It is my honour to take part in today’s event as we mark a very important milestone for […]

Shunned Over War, Russians Holiday on Venezuelan Resort Island

(Agence France-Presse, 6.Dec.2022) — Venezuela: Shuttled between tourist spots, posing for pictures on beautiful beaches, and dancing awkwardly to merengue: Russian tourists have found a friendly holiday destination on a Venezuelan island far from the motherland and its war with Ukraine. Isla de Margarita is a tropical gem with white-sand […]

Sempra Inks Deal with ENGIE for LNG Supply from Port Arthur LNG Phase 1

(Sempra, 6.Dec.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced it has entered into a long-term sale and purchase agreement (SPA) with ENGIE S.A. for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. […]

North America has the Energy to Solve the Global Crisis

(TC Energy, 6.Dec.2022) — TC Energy’s President & CEO, François Poirier, shares his thoughts and perspectives on how two simple ideas can help solve the energy crisis. Our path to balancing global energy transition and continued energy security creates a maze of challenges. We need to ensure the measures we […]

Asia
China

CNOOC Says Enping 15-1/10-2/15-2/20-4 Project Commences Production

(CNOOC, 6.Dec.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South China Sea, with an average water depth of around 90 meters. The main production facilities of the project include 2 […]

Verdande: Securing Higher Production on the Norne Vessel

(Equinor, 6.DEC.2022) — Equinor has, on behalf of the partnership, submitted the plan for development and operation (PDO) for Verdande to the Ministry of Petroleum and Energy. The subsea development secures important oil volumes to the Norne production vessel. Verdande will be put on stream in the fourth quarter of […]

CGG Reveals New Multi-Client Data Project in Southeast Arizona

(CGG, 5.Dec.2022) — CGG, a technology and Earth sciences leader, announced a new multi-client data project in Southeast Arizona focusing on exploration and development in the mining industry. The project, supported by industry funding and available to license now, will begin immediately, with final products scheduled for delivery through CGG’s […]

Exxon Mobil Raises CEO, Top Executives Base Pay

(Reuters, 5.Dec.2022) — Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday. Exxon Mobil’s compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million […]

TotalEnergies and Air France-KLM Ink MOU for SAF for 10 years

(TotalEnergies, 5.Dec.2022) — TotalEnergies and Air France-KLM signed a Memorandum of Understanding (MoU) for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel (SAF) by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023. This sustainable aviation fuel will be produced by […]