(Shell, 27.Apr.2022) — Shell Brasil PetrĂłleo Ltda., a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1bn to Petrobras for the increased stake in the field. With the contract now signed, Shell will start […]
Year: 2022
Repsol Commences Producing Electricity at Jicarilla 2, its First Solar Plant in the US
(Repsol, 27.Apr.2022) — Repsol started producing electricity at its first photovoltaic plant in the United States, called Jicarilla 2, in the state of New Mexico. The facility, located on Jicarilla Apache Nation lands in Rio Arriba County, has a total installed capacity of 62.5 megawatts (MW). Jicarilla 2 will be able […]
NRGBriefs: Exxon Announces Three New Finds Offshore Guyana
(Energy Analytics Institute, 26.Apr.2022) — Energy briefs including Exxon announcing three new discoveries offshore Guyana, adding to two discoveries earlier in 2022; details regarding resolutions adopted by the shareholders at the annual general ordinary and extraordinary shareholders’ meeting of Vista Oil & Gas, S.A.B. de C.V. in Mexico; and Transportadora […]
Great Panther Reveals Updated Mineral Estimates for Tucano Gold Mine
(Great Panther, 26.Apr.2022) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL), a growth-oriented precious metals producer focused on the Americas, reports Mineral Resource and Mineral Reserve Estimates (the “2021 MRMR”) for the Tucano Gold Mine in Brazil. The estimates were prepared in accordance with National Instrument 43-101 – Standards of […]
FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional pipeline and opportunities of 6.8 GW. Project Highlights: BerlevĂĄg – Norway Green ammonia production to provide shipping industry and off-grid […]
Ecopetrol Files its Form 20-F for FY 2021
(Ecopetrol, 26.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2021, with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F, the company complies with its reporting obligations […]
Aker Clean Hydrogen: 1Q:22 Results
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen published the results for the first quarter of 2022, during which the company advanced the maturing of its clean hydrogen projects in Norway and internationally. Key developments included: Announcing a merger plan with Aker Horizons to strengthen the integration of hydrogen production with downstream […]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional multibillion barrel unrisked exploration potential. Hess has a 30 percent interest; ExxonMobil is […]
Local Consortium in Guyana Wins Multi-Million Dollar Contract With ExxonMobil
(CMC, 26.Apr.2022) — A consortium has been awarded a multi-million dollar contract to support future construction activities of the US-based oil giant, ExxonMobil. NRG Holdings, a consortium of three local entrepreneurs, in collaboration with Jan De Nul, an international maritime infrastructure company, will design and build an 85 percent Guyanese-owned […]
ExxonMobil increases Stabroek resource estimate to nearly 11 billion barrels
(Exxon, 26.Apr.2022) — ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in […]
Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate
(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries […]
Petrobras Receives R$4.7bn from Total Energies EP Brasil Ltda. for Atapu
(Petrobras, 26.Apr.2022) — Petrobras, following up on the release disclosed on 19 April 2022, informs that it received today, at sight, the updated payment of R$ 4.7bn from Total Energies EP Brasil Ltda. – TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by […]
Ecopetrol Comments on Elections in Colombia, Uncertainties
(Energy Analytics Institute, 26.Apr.2022) — Colombia’s state-owned Ecopetrol commented on the electoral process and Colombia in its Form 20-F filed this week with the US SEC, and highlighted uncertainties regarding future policies. — “The Colombian parliamentary elections were held on March 13, 2022, with more than 99% of votes counted, results […]
Lithium South Drill Program to Begin at Alba Sabrina Claim Block
(Lithium South Development Corporation, 26.Apr.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced initiation of a resource expansion drill program at the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. The company has retained Servicios Geologicos of Salta, Argentina, to conduct a 2,000-meter core hole drill […]
Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil
(Aker Horizons, 26.Apr.2022, Words: 617) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]
Environmental Lawyer Targeted by Chevron Freed from Under House Arrest
(Gizmodo, 26.Apr.2022) —  After 993 days, Steven Donziger is finally free. On Monday, the embattled lawyer, who has been targeted by Chevron for years in a Kafka-esque court struggle, finished a six-month sentence, which came on the heels of more than two years under house arrest in his Manhattan apartment. […]
New Contract in Angola for Seadrill Joint Venture
(Seadrill, 25.Apr.2022) — Seadrill Limited announced a new contract has been secured by Sonadrill Holding Ltd, Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value […]
YPF Reports Higher Production, Revenues and Operating Profit
(Energy Analytics Institute, 20.Apr.2022) — Argentina’s state-owned oil giant YPF Sociedad AnĂłnima reported total production of 470 thousand equivalent barrels per day (Mboe/d) in 2021, up 1% versus 467 Mboe/d in 2020. In 2021, YPF produced 211 Mb/d of oil, 34 Mb/d of NGLs and 1,260 million cubic feet per […]
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) — Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a “balance of payments crisis this year “absent significant reforms and economic recovery,” Caribbean Region Economist Marla Dukharan wrote 25 April 2022 […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]
US Ditches Trump-era Policies for Alaska Oil Reserve
(Reuters, 25.Apr.2022) — The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management, part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 […]
Arrow Exploration Updates On Exercise of Warrants, Voting Rights
(Arrow Exploration, 25.Apr.2022) — Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value. Further, the company has identified that prior to its admission to […]
Aker Horizons Enters JV with Nordkraft to Develop Sites for Power-Intensive Industries
(Aker Horizons, 24.Apr.2022) — Aker Horizons ASA (OSE: “AKH”), through its wholly-owned subsidiary Aker Narvik AS, announced the agreement to establish a joint venture with Nordkraft AS to develop sites for power intensive-industries in Northern Norway. The venture is part of Aker Horizons’ project to establish a green industrial hub […]
NRGBriefs: Macron Wins Reelection; Peruvians to Defend Elections
(Energy Analytics Institute, 24.Apr.2022) — Energy and political briefs including Emmanuel Macron winning France’s second round presidential run off against Marine Le Pen; and ~68% of Peruvian citizens defending the need to anticipate presidential and legislative elections as a way out of the country’s political crisis. EUROPE France — Emmanuel […]
Guyana Reports First Entitlement Lift from Liza Unity FPSO
(DPI, 23.Apr.2022) — The Government of Guyana will be receiving its first entitlement lift of the Unit Gold crude from the Liza Unity Floating Production Storage and Offloading (FPSO) production platform during the period of April 23rd to 24th. The usual lifting entitlement amount of one million barrels of oil (1 […]
NRGBriefs: Argentina’s Finance Minister MartĂn Guzmán Meets with IMF Executive
(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister MartĂn Guzmán holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath; and between 82% and 96% of the entire Venezuelan population is said to not have access […]
Exxon Ban on LGBTQ Pride Flag Triggers Employee Backlash
(Bloomberg, 22.Apr.2022) — Exxon Mobil Corp. plans to prohibit the LGBTQ-rights flag from being flown on the corporate flagpole outside its offices during Pride month in June, prompting a furious backlash from Houston-based employees. Exxon updated company guidance on what flags can be displayed outside its offices, banning “external position […]
Greenfield Offers Energy Decommissioning for the Rocky Mountains
(Greenfield, 22.Apr.2022) — Greenfield Environmental Solutions, a decommissioning services provider for the energy sector, announced today the commencement of plugging and abandonment (“P&A”) operations in the Rocky Mountains region, including Colorado, New Mexico, Utah and Wyoming as well as the Williston Basin region in North Dakota and Montana. Greenfield is an end-to-end solutions provider for plugging and abandonment services to the […]
EAI brief analysis: Venezuela’s Faja contains 1,360 billion barrels of OOIP
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 22.Apr.2022, Words: 130) — Venezuela is home to the Hugo Chávez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil in place (OOIP) estimated at 1,360 billion barrels, making it the world’s largest accumulation of heavy and extra-heavy […]
Third Coast Announces First Oil From the King’s Quay Floating Production System
(Third Coast, 22.Apr.2022) — Third Coast Super Holdings, LLC announced that the King’s Quay Floating Production System achieved first oil from the Khaleesi, Mormont and Samurai fields on 12 April 2022. Third Coast owns 50% of King’s Quay FPS, which is also owned in part by entities managed by Ridgewood Energy Corporation, including ILX […]
NRGBriefs: Mexico’s Preliminary March 2022 Production Details
(Energy Analytics Institute, 22.Apr.2022) — Energy briefs including preliminary production figures from Mexico for March 2022 including 1.625 MMb/d of oil, according to the National Hydrocarbon Commission. LATIN AMERICA AND THE CARIBBEAN Mexico — Mexico’s preliminary production figures for Mar. 2022 included: oil (1.625 MMb/d), condensate (0.209 MMb/d) and natural […]
Trinidad’s PM Issues Statement on the Status of Interception by the State
(Office of the PM of Trinidad and Tobago, 22.Apr.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley issued a statement on the status of interception by the state. Madame Speaker, I have been authorized by the Cabinet to make the following statement. This statement concerns matters of national security, which […]
Colombia Judge Orders Suspension of Fracking Pilot Project
(Reuters, 21.Apr.2022) — A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing – or fracking – pilot project, on the grounds that local communities were not properly consulted. Colombia’s majority state-owned oil company Ecopetrol and partner U.S. oil major Exxon […]
CEMEX Supplies Low-carbon Vertua® Concrete for New San Diego State University Stadium
(CEMEX, 21.Apr.2022) — CEMEX USA is supporting the construction of San Diego State University‘s (SDSU) new Snapdragon Stadium, supplying the company’s low-carbon concrete, Vertua®, and other sustainable mixes for the new state-of-the-art, 35,000-seat, multi-use facility in San Diego, Calif. General contractor Clark Construction Group broke ground on the stadium in August 2020 with Pacific Southwest Structures, […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood Mackenzie analyst Marcelo De Assis and Elen Simonyan in a recent report. Highlights from the report published on 21 April […]
Ecopetrol to Appeal Suspension of ‘Fracking’ Project in Puerto Wilches, Santander
(Infobae, 21.Apr.2022) — After the Barrancabermeja First Court notified Ecopetrol of the suspension of the KalĂ© and Platero fracking pilot projects, which were to be developed in Puerto Wilches, Santander, the company said it would appeal the ruling. According to the Colombian oil company, it has met all the requirements […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario MartĂnez participating in an official ceremony in Loma Campana to inaugurate the NĂ©stor Kirchner Gas Pipeline […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
UN Top Court Raps Colombia Over Sea Row with Nicaragua
(France24, 21.Apr.2022) — The United Nations‘ top court on Thursday ordered the Colombian navy to stop interfering in Nicaraguan waters, ruling on a longstanding legal battle over maritime borders. The International Court of Justice “finds that by interfering with fishing and marine research activities of Nicaraguan-flagged vessels … in Nicaragua’s […]
How the Energy Transition can Reduce the Risk of Future Shocks
(WoodMac, 21.Apr.2022) — The crisis caused by Russia’s invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The uptake of low-carbon technologies can help address problems of energy security and affordability, and strengthen resilience to shocks in the […]
Petrobras Concludes Sale of E&P Assets in the Paraná Basin
(Petrobras, 20.Apr.2022) — Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent […]
Budweiser Launches The Energy Collective
(Budweiser, 20.Apr.2022) — Budweiser, an AB InBev global brand, today unveiled the global launch of The Energy Collective to help provide renewable electricity to bars, music venues and stadiums around the world. This launch follows and contributes to Budweiser parent company AB InBev’s recently announced ambition to achieve net zero across […]
EPE Publishes April 2022 Brazil’s Short-Term Fuel Market Outlook
(EPE, 20.Apr.2022) — Brazilian liquid fuel market continued its strong performance at the beginning of 2022 with an increase of 1.1% in January and February compared to the same period last year. This growth has been driven mainly by diesel and gasoline. EPE estimates that Brazilian liquid fuel market will […]
SBM Offshore Reveals Prosperity FPSO Module TS032 Lifting
(Energy Analytics Institute, 20.Apr.2022) — SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading (FPSO) unit on the yard in Singapore. RELATED STORY: SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA RELATED STORY: […]
LNG Exports Continue to Lead Growth in US Natural Gas Exports
(EIA, 20.Apr.2022) — Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown significantly. In our Short-Term Energy Outlook (STEO), we forecast that LNG exports will continue to lead the growth […]
CNOOC Limited Successfully Listed on the A-Share Market
(CNOOC, 20.Apr.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that the company was officially listed on the A-share market, which marked the company’s success in building a platform for domestic and international capital management. It will open a new chapter for the company to set sail on a promising voyage […]
Mexican Lawmakers Pass Lithium Nationalization Plan
(AFP, 20.Apr.2022) — Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in the production of batteries for electric cars, cellphones and other technology. The mining law reform submitted by President Andres Manuel Lopez Obrador puts the metal’s exploitation in the […]
Atlas Leaps Into Wind Power with Newest Customer Enel GeneraciĂłn Chile S.A.Â
(Atlas, 20.Apr.2022) — Atlas Renewable Energy marks a new milestone with the development of its first wind power project with a long-term power purchase agreement (PPA) with Enel GeneraciĂłn Chile S.A. for 1.3 GWh/year. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. “Our […]
Braskem to Participate at RAPID + TCT 2022 Conference
(Braskem, 20.Apr.2022) — Braskem (B3: BRKM3, BRKM5, and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its upcoming presence at Rapid + TCT, North America’s largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from 17-19 May 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the […]
Day 1 of AAPG ICE Highlights: Staatsolie Executive Angéle Ramsaransing – Karg
(Energy Analytics Institute, 19.Apr.2022) — Highlights from Staatsolie Executive AngĂ©le Ramsaransing – Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive AngĂ©le Ramsaransing – Karg — Staatsolie looks to maintain production […]