Year: 2022

Press Conference Offered by Prime Minister of The Republic of the Congo

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(Republic of Congo, 19.Apr.2022) — In the wake of successful meetings in London  and Paris, including meetings in The Republic  of the Congo’s capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame in Washington, DC. WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo WHAT: Press Conference. The […]

NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years

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(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]

Holcim US Transitions Illinois Facility to Low-Carbon Portland Limestone Cement

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(Holcim, 19.Apr.2022) — Following its recent rebrand and continuing its commitment to building progress for people and the planet, Holcim US announced that its Lafarge Joppa cement plant, located in Grand Chain, Illinois, has transitioned to OneCem® Portland limestone cement (PLC) production. The announcement follows the successful transitions to the lower CO2-intensive product […]

Day 1 of AAPG ICE: ANH Head Armando Zamora

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(Energy Analytics Institute, 19.Apr.2022) — Highlights from ANH Colombia head Armando Zamora during his presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANH Colombia head Armando Zamora: — Colombia’s 2040 plan (base case scenario) envisions […]

Halliburton Announces 1Q:22 Results [PDF Download]

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(Halliburton, 19.Apr.2022) — Halliburton Company (NYSE: HAL) announced net income of $263mn, or $0.29 per diluted share, for the first quarter of 2022. This compares to net income for the first quarter of 2021 of $170mn, or $0.19 per diluted share. Adjusted net income for the first quarter of 2022, […]

PHX Minerals Inc. Announces Acquisition in the Haynesville

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(PHX Minerals, 19.Apr.2022) — PHX Minerals Inc. (NYSE: PHX) announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments. The transaction will be funded with a combination […]

NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%

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(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]

PetroChina Continues with Positive Momentum in 1Q:22

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(PetroChina, 29.Apr.2022) — PetroChina Company Limited (HKSE: 00857; NYSE: PTR; SSE: 601857) announced that in the first quarter of 2022, the company placed stable development as top priority and achieved a steady increase in its operating results while maintaining smooth and efficient operation in its oil and gas industrial chains. […]

Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests

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(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns are weighing on economic growth. Brent crude futures settled above $113 a barrel for the first time since late March while West Texas Intermediate oil […]

Luminex Acquires the Chalapo Concessions from Codelco in Ecuador

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(Luminex Resources, 18.Apr.2022) — Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) signed a binding agreement with CorporaciĂłn Nacional del Cobre de Chile (Codelco) to acquire its 100% owned Chalapo concessions (the “Project”) in the Loja province of Ecuador for $60,000 of consideration and a 1.0% NSR. 0.5% of the NSR can be purchased by Luminex for $5mn before the year […]

Encore Energy Provides Update on Rosita Uranium Plant

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(encore, 18.Apr.2022) — enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) announced the refurbishment of its 100% owned Rosita In-Situ Recovery (ISR) Uranium Processing Plant is presently 90% complete with an expected completion date in May 2022. The plant modernization and refurbishment is essential to the company goal of becoming the next producer […]

Santos Reveals Pikka FID and Net-zero Project Plans

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(Santos, 17.Apr.2022) — Santos Ltd., as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6bn gross (US$1.3bn Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce […]

Protest Forces Libya’s National Oil Firm to Close Al-Fil Field

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(Al Jazeera, 17.Apr.2022) — Libya’s National Oil Corporation (NOC) has announced the suspension of production at a major oil field in the country’s south, declaring a “force majeure” due to a protest at the site. Located some 750km (466 miles) southwest of Tripoli, the Al-Fil field is jointly managed by […]

Guzmán Says YPF’s Recuperation “Was an Act of Sovereignty”

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(Energy Analytics Institute, 16.Apr.2022) — The recovery of Argentina’s state oil giant YPF some 10 years ago was an act of sovereignty that changed the dynamics of the sector and made the Vaca Muerta formation relevant, according to Argentina’s Economic Minister MartĂ­n Maximiliano Guzmán. The most relevant transformation was the notable increase […]

Mexico’s Electricity Reform Draws Opposition from Investors, US

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(The Washington Post, 16.Apr.2022) — Mexico’s congress will decide on Sunday whether to give the government near-total control over the country’s electricity sector in what analysts consider one of the biggest threats to the country’s private sector in years, moving away from the production of clean energy, jeopardizing foreign investment […]

Colombia’s President Iván Duque Touts Oil Production Potential

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(Energy Analytics Institute, 14.Apr.2022) — Colombia’s President Iván Duque talked about Colombia’s oil production potential, coal production, and Colombia’s relationship with the US during a televised interview with Bloomberg during his trip to New York. Excerpts from his interview follow. Highlights — Colombia has a chance to sale more oil […]

Earthstone Closes Bighorn Acquisition as well as Debt and Equity Financings

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(Earthstone Energy, 14.Apr.2022) — Earthstone Energy, Inc. (NYSE: ESTE) announced the closing of the acquisition of assets of privately held Bighorn Permian Resources, LLC in the Midland Basin. The company also announced the closing of a $550mn private offering of senior unsecured notes; a $280mn private placement of equity (the “PIPE”); and an amendment to […]

SSR Mining Announces Closing of Taiga Gold Acquisition

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(SSR Mining, 14.Apr.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Taiga Gold Corp. (CSE: TGC). With this transaction, SSR Mining has consolidated a 100% interest in the Fisher property contiguous to […]

NRGBriefs: Trinidad’s Gas Production in Jan. 2022 Down 4% Y-O-Y

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(Energy Analytics Institute, 14.Apr.2022) — Energy briefs including Trinidad and Tobago’s natural gas production reaching 2,877 MMcf/d (2.877 Bcf/d) in Jan. 2022, down 4% vs Jan. 2021; Great Panther Mining Limited reporting production results from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico; and more. LATIN AMERICA AND THE CARIBBEAN […]

Cuenca Gets its First Electric Vehicle Charging Station

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(Energy Analytics Institute, 14.Apr.2022) — Ecuador inaugurated its first electric vehicle fast charging station in Cuenca, Azuay on 12 April 2022 with an initial investment of over $80,000. The deal is part of an inter-institutional cooperation agreement between the Centrosur Regional Electric Company and the University of Cuenca, Ecuador’s Ministry […]

Deep-South to Resume Trading on 19 April 2022

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(Deep-South Resources, 14.Apr.2022) — Deep-South Resources Inc. (TSXV: DSM) announces further to a discussion with the TSX Venture Exchange concerning the documents related to the Zambian exploration licences acquisition announced on 7 April 2022, Deep-South expect to resume trading on Tuesday 19 April 2022. Deep-South has signed a definitive earn-in agreement […]

NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022

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(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]

Petrobras Approves Dividends Payment

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(Petrobras, 13.Apr.2022) — Petrobras, following up on release disclosed on 23 February 2022, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders relative to the Fiscal Year 2021 in the amount of R$ 7.773202 per outstanding share (common or preferred). This amount […]

China’s Oil Champion Prepares Western Retreat Over Sanctions Fear

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(Reuters, 13.Apr.2022) — China’s top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained […]

Exxon Starts Construction of Guyana Campus

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(Energy Analytics Institute, 13.Apr.2022) — ExxonMobil continues to work closely with its local partners in Guyana to develop its new office campus in the small South American country. The oil giant has commenced construction of the steel superstructure for the project, which is expected to span 120,000 square feet. The […]

KBR Announces Settlement with Ichthys Power Plant Subcontractor

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(KBR, 12.Apr.2022) — KBR (NYSE: KBR) announced that JKC Australia LNG Pty Ltd joint venture, in which KBR has a 30% ownership interest, and Kellogg Brown & Root Pty Ltd entered into a conditional settlement agreement to resolve outstanding claims and disputes between JKC and its power plant subcontractor, the consortium […]

Excelerate Energy Announces Pricing of IPO

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(Excelerate Energy, 12.Apr.2022) — Excelerate Energy, Inc. announced the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at a price to the public of $24.00 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 2,400,000 […]

SEOGS 2022 Brochure Now Available

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(Global Events Partners, 12.Apr.2022) — The main brochure for the 2nd edition of the Suriname Energy, Oil & Gas Summit and Exhibition is available now! “If you are still deciding whether or not your company should be participating in SEOGS 2022 then download the brochure to read the welcome letter […]

NRGBriefs: Trinidad’s fuel subsidy; Citgo Giusti departure; “almost out of the Faja”

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(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]

Noble Corp. and Maersk Drilling Update on the Merger Control Process

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(Noble Corp. 12.Apr.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) provided an update on the ongoing merger control process for the business combination announced on 10 November 2021 (the “Transaction”). At this point in time, […]

HIF Global Secures $260mn in Equity Investments

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(HIF Global, 6.Apr.2022) — HIF Global, involved in eFuels development, secured approximately $260mn in equity investments to fund the global expansion of its decarbonization business. The capital will be used for the development of carbon-neutral eFuels projects in the United States, Chile and Australia that will supply ships, cars, trucks, and airplanes with renewable energy. The equity […]

Poland: TotalEnergies and KGHM Join Forces to Develop Offshore Wind Power

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(TotalEnergies, 12.Apr.2022) — TotalEnergies and KGHM signed a partnership to participate on a 50/50 basis in the Polish government tender for the development of offshore wind projects.  The government has launched a new auction scheme covering 11 areas in the Polish Baltic Sea, representing an expected total capacity of over 10 […]