(Aris Gold, 12.Apr.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) announces that, further to the company’s news release of 21 March 2022, it has closed the acquisition of a 20% joint venture interest in the Soto Norte gold project in Colombia, with the option to acquire a further 30% interest. Aris Gold has […]
Year: 2022
Using Homegrown Biofuels to Address Putin’s Price Hike at the Pump
(The White House, 12.Apr.2022) — The President is committed to doing everything he can to address the pain Americans are feeling at the pump as a result of Putin’s Price Hike. The Administration’s strategy to spur the development of homegrown biofuels is critical to expanding Americans’ options for affordable fuel […]
Mexico’s President Reversing Energy Reforms, Hurting Oil Production
(Houston Public Media, 12.Apr.2022) — President Andrés Manuel López Obrador is using administrative measures to undermine the free-market reforms enacted in 2013. As a result, Mexican oil production is now more than 1 million barrels short of where the U.S. Energy Information Administration projected it would be if the reforms […]
Acquisition of Industrial-scale Green Hydrogen Production in Trinidad
(NewGen Energy, 12.Apr.2022) — Hydrogène de France (HDF Energy) – mnemonic code: HDF – has acquired a 70% majority stake in the NewGen project in Trinidad, led by the local company Kenesjay Green Ltd (KGL). KGL, the project developer, will retain the remaining 30% of the share capital of NewGen, […]
Russia-Ukraine War Could Slow Global Economic Growth to 2.5% This Year
(WoodMac, 12.Apr.2022) — Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The company has produced a downside scenario for the global economy assuming large spill-over effects from the Russia-Ukraine conflict through transmission […]
Murphy Achieves First Oil at King’s Quay FPS in Deepwater US GOM
(Murphy Oil, 12.Apr.2022) — Murphy Oil Corporation (NYSE: MUR) achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi […]
Crowley and Shell Aim to Advance Decarbonization in Maritime
(Crowley, 12.Apr.2022) — Continuing to demonstrate their commitment to decarbonization of the maritime sector, Crowley and Shell Trading (US) Company entered into a memorandum of understanding (MOU) with the aim of supporting alternative energy solutions for the future of shoreside and terminal operations. The MOU follows an ongoing joint project that […]
CGG Expands High-Performance Computing Capacity with New UK HPC Hub
(CGG, 12.Apr.2022) — To support continued differentiation in its core business and accelerate the development of its new activities, CGG is significantly expanding its high-performance computing (HPC) capacity and associated service offerings. The company recently signed a lease to build a new European HPC hub in Southeast England that will […]
ExxonMobil Introduces New Exceed™ S Performance Polyethylene
(ExxonMobil, 11.Apr.2022) — ExxonMobil introduced today its new Exceed™ S performance polyethylene (PE) resins, which deliver industry-leading combinations of stiffness and toughness while being easy to process. Utilizing the company’s latest innovations in polymer science, the new PE platform provides opportunities to reduce the complexity of film formulations and designs while […]
Dow Takes Minority Stake in Consortium Constructing LNG Import Terminal in Germany
(Dow Inc., 11.Apr.2022) — Dow Inc. (NYSE: DOW) signed a definitive agreement to take a minority stake in the Hanseatic Energy Hub GmbH (HEH) and is working with HEH’s current members to advance Germany’s capabilities to import supplies of liquefied natural gas (LNG), bio-liquefied natural gas and synthetic natural gas through the construction […]
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job
(Bloomberg, 11.Apr.2022) — Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him. Giusti, a 24-year veteran of the oil industry, was dismissed Friday by the board of parent company Citgo Holding Inc., according to people familiar […]
Colombia Launches Green Taxonomy at NYSE
(Energy Analytics Institute, 11.Apr.2022) — Colombian officials including President Iván Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister José Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) to launch the South American country’s green taxonomy, an instrument designed to mobilize resources from […]
YPFB Initiates Commercialization of Gasoline Plus in Oruro Department
(Energy Analytics Institute, 11.Apr.2022) — Bolivia’s state oil entity YPFB initiated the commercialization of gasoline plus in Oruro at the “Morela” and “QV2” service stations. “We currently have 20 urban and 15 provincial service stations in the department of Oruro, the 35 pumps will gradually cover the population’s need with […]
Guyana is Far from its Dream of Becoming a Rich Economy
(Energy Analytics Institute, Special Contributor Millan Arcia Einstein, 11.Apr.2022) — Exxon and the Guyana government claim total hydrocarbon “resources of around 10,000 million barrels of equivalent oil”. Important to understand that these are recoverable resources in equivalent oil barrels, and not commercially recoverable crude oil reserves. Establishing the difference between […]
Petrobras on Cumulative Vote Process for AGM
(Petrobras, 11.Apr.2022) — Petrobras, in compliance with article 30, item XXXIV, of CVM Instruction 480/09, informs that it received from shareholders who jointly hold more than 5% (five percent) of its common shares, the request to adopt the cumulative vote system in the election of members of Board of Directors […]
Petrobras Reveals New E&P Teaser in the Sergipe-Alagoas Basin
(Petrobras, 11.Apr.2022) — Petrobras, following up on the release disclosed on 7 August 2020, informs that the process of selling the totality of its interest in the Tartaruga Field, located in shallow waters of the Sergipe-Alagoas Basin, State of Sergipe, was not concluded. The process was in the binding phase. […]
Launch of Cameron LNG Expansion to Increase Liquefied Natural Gas Production
(TotalEnergies, 11.Apr.2022) — TotalEnergies has signed a Heads of Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd. and Japan LNG Investment – a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) – for the expansion of Cameron LNG, a liquefied natural gas (LNG) production and […]
GeoPark Announces 1Q:22 Operational Update
(GeoPark, 11.Apr.2022) — GeoPark Limited announced its operational update for the three-month period ended March 31, 2022 (“1Q2022”). All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified. Highlights Accelerating Production Growth Consolidated oil and gas production of […]
Argentine Oil Union Wants Back Jobs Lost in Pandemic Amid Rise in Business
(Reuters, 11.Apr.2022) — Argentina’s largest oil union called on the industry to restore jobs lost during the COVID-19 pandemic following a significant increase in production, the union’s leader told Reuters. The South American nation is trying to increase its production to reverse its long-suffering energy deficit, which is hitting its […]
Canacol Energy’s Eyes Pola 1 Exploration Well in 3Q:22
(Canacol, 11.Apr.2022) — Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) reported on the conventional natural gas prospective resources (resources other than reserves) for its Pola-1 prospect on the VMM-45 exploration block located in the Middle Magdalena Valley (“MMV”) basin of Colombia (the “Audited Area”). Boury Global Energy Consultants […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of Neuquén […]
Mexico President López Obrador Wins Recall Referendum
(The Guardian, 10.Apr.2022) — Nine in 10 Mexicans voting in an unprecedented recall election engineered by President Andrés Manuel López Obrador have backed him to stay in office, underlining his domination of a polarised political agenda. Critics and supporters had viewed his victory as a foregone conclusion in a ballot […]
NRGBriefs: Argentina Grants Chevron El Trapial Este Concession
(Energy Analytics Institute, 9.Apr.2022) — Energy briefs including Argentina granting the El Trapial Este hydrocarbon concession to Chevron; and EP PetroEcuador reporting average production of 372,609 b/d in 2021. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina granted the El Trapial Este hydrocarbon concession to Chevron. The deal implies the […]
CNOOC Commences Production at Weizhou 12-8E Oilfield Development Project
(CNOOC, 8.Apr.2022) — CNOOC Limited (SEHK: 00883) announced that Weizhou 12-8E oilfield development project has commenced production. The Weizhou 12-8E oilfield development project is located in Beibu Gulf in the South China Sea, with average water depth of about 30 meters. In addition to fully utilizing the existing processing facilities of Weixinan oilfields, a total […]
NRGBriefs: TechnipFMC Updates on Mero 1 Project Activities
(Energy Analytics Institute, 8.Apr.2022) — Energy briefs including TechnipFMC saying its spoolbase at Açu Port, Rio de Janeiro has carried out its first rigid pipes spooling operation, as part of the Mero 1 project (FPSO Guanabara), located in the Mero field, Santos Basin offshore Brazil; Silver Viper Minerals Corp. (TSXV: VIPR) […]
Latin America Inflation Shocks Raise Prospect of More Rate Hikes
(Bloomberg, 8.Apr.2022) — Latin America’s central bankers are facing renewed pressure to extend aggressive interest-rate hikes after consumer prices stormed past estimates across the region, driven by soaring costs of raw materials. March’s inflation blew past even the most pessimistic forecasts in Brazil and Chile, according to official numbers released […]
Argentina Gov’t Says Bolivia Gas Deal to Save $769mn, Replace LNG Imports
(Reuters, 8.Apr.2022) — Argentina’s new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive liquefied natural gas (LNG), Energy Secretary Dario Martinez said on Friday. Argentine President Alberto Fernandez and his Bolivian counterpart Luis Arce […]
Atlantic LNG Records 4500th LNG Cargo
(Atlantic LNG, 8.Apr.2022) — Almost 23 years after delivering its first cargo, LNG production company Atlantic completed loading its 4500th cargo on 8 Apr. 2022 onto the vessel Cool Discoverer at the #2 Jetty at its Point Fortin Facility. Atlantic Chief Executive Officer Ron Adams praised the achievement as testimony […]
Woodside Investors to Benefit from $40bn Merger with BHP Arm
(Reuters, 8.Apr.2022) — Australian gas producer Woodside Petroleum Ltd‘s agreed merger with BHP Group‘s petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion. Global miner BHP agreed to hive off its petroleum business to Woodside last year […]
Nucor to Build New Rebar Micro Mill in North Carolina
(Nucor, 7.Apr.2022) — Nucor Corporation (NYSE: NUE) will build a new rebar micro mill in Lexington, North Carolina, which is located in Davidson County. This will be Nucor’s third rebar micro mill, joining existing Nucor micro mills in Missouri and Florida. The Nucor Steel Lexington mill is expected to cost approximately $350mn and have an annual capacity of […]
Black Employees Sue Huntsman International for Racial Discrimination at Chemical Plant
(Arthur Kim Law Firm, 7.Apr.2022) — Two black employees have filed a lawsuit against Huntsman International for racial discrimination at the company’s plant in Los Angeles. The former employees allege that increasing hostility toward black employees led to a segregated work environment and the destruction of their careers. The employees, Reggie Williams and Ronda […]
![NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/BRA_petrobras-climate-change-supplement.png)
NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]
(Energy Analytics Institute, 7.Apr.2022) — Energy briefs including Petrobras releasing its Climate Change Supplement as part of its dialogue with its stakeholders; Petrobras reaffirming “its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026;” Occidental releases conference […]
Americans Will Need More Than an Increased Release of Oil Reserves to Tackle Energy Crisis
(FN Media Group, 6.Apr.2022) — In response to rising gas prices, the Biden administration has announced it will release 1 million barrels of oil per day from reserves. At its core, the government’s plan is to increase domestic production, starting with 1 million barrels per day this year, and nearly 700,000 barrels per […]
Ecopetrol Reduced Carbon Emissions by Over 490,000 Tons Over Two Years
(Ecopetrol, 6.Apr.2022) — In line with the goal of achieving net-zero carbon emissions within scopes 1 and 2 by 2050, as announced a year ago, the Ecopetrol Group reported that it reduced its carbon emissions by 493,441 tons between 2020 and 2021, which is equivalent to restoring an area of […]
Trinidad Reports Sequential Rises in Gas and LNG Production
(Energy Analytics Institute, 6.Apr.2022) — In January 2022, Trinidad and Tobago reported sequential rises in production of natural gas as well as liquefied natural gas from its four-train 14.8 million ton per year capacity Atlantic LNG liquefaction complex, the largest in the Latin America and Caribbean region. Gas production reached […]
Lekoil Nigeria Secures Court Injunction Against Lekoil Ltd and Savannah Energy Investments
(Lekoil Nigeria Limited, 6.Apr.2022) — Following the announcement of 28 February 2022 by Lekoil Limited that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil Nigeria Limited, joined by a number of third-parties including Lekoil Oil & Gas Investments Limited, Mayfair Assets & Trust […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister Martín Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
Canacol Reveals 7.6 Tcf of Gross Mean Risked Prospective Gas Resources
(Canacol Energy, 6.Apr.2022) — Canacol Energy Ltd. (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) reported on the conventional natural gas prospective resources (resources other than reserves) for its Esperanza, VIM‐21, VIM‐5, VIM-33, VIM-44 and SSJN-7 exploration blocks located in the Lower Magdalena Valley (“LMV”) basin, and VMM-45, VMM-47, VMM-49, VMM-53 and […]
![NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/Mantaro_Silver_Corp__Mantaro_Silver_Corp_1-1.jpg)
NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]
(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]
Shell Publishes Reports on Sustainability, Industry Associations and Gov’t Payments
(Shell, 5.Apr.2022) — Shell plc published its 2021 Sustainability Report, its 2022 Industry Associations Climate Review Update and its 2021 Payments to Governments Report. Shell has been formally reporting on sustainability-related performance for 25 years, with the aim of being transparent about activities that are important to investors, governments, and […]
CGG and Kent Announce Carbon Capture & Hydrogen Partnership
(CGG, 5.Apr.2022) — CGG, a global technology leader in geoscience, has announced a strategic partnership with Kent, a leading energy services engineering company, to work together on realizing decarbonisation opportunities through CCUS development and hydrogen production and supply. CGG and Kent will be providing customers in the energy and industrial […]
SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA
(SBM, 5.Apr.2022) — SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the Yellowtail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and […]
W&T Offshore Reveals Bolt-on Acquisition of Producing Properties in the US GOM
(W&T Offshore, 5.Apr.2022) — W&T Offshore, Inc. (NYSE: WTI) has acquired the remaining working interests in the oil and gas producing properties purchased earlier this year from an undisclosed private seller. The assets are located in Federal shallow waters in the central region of the Gulf of Mexico at Ship […]
Saipem: Drilling Contracts in Middle East and West Africa worth Over $400mn
(Saipem, 5.Apr.2022) — Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400mn. Two contracts have been awarded in the Middle East for two high specification jack-up drilling units, consisting of drilling and workover operations for […]
About 650,000 B/D of Russian Oil to be ‘Swapped’
(WoodMac, 5.Apr.2022) — About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Following US sanctions on Russian crude oil, European companies have also begun ‘self-sanctioning’ with up to […]
Cuba Struggles to Buy Fuel as Imports from Venezuela Dwindle -Data
(Reuters, 5.Apr.2022) — Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s invasion of Ukraine make purchases almost unaffordable, according to analysts and data. The Caribbean country, which is dependent on fuel imports mostly […]
![Orvana Announces Restart of Production at Orovalle, Spain [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/header_operations_en.jpg)
Orvana Announces Restart of Production at Orovalle, Spain [PDF Download]
(Orvana Minerals, 4.Apr.2022) — Orvana Minerals Corp. (TSX: ORV) has restarted operations and production at its Orovalle Operation in Spain. The nationwide transport strike that started on 14 March 2022 was suspended on Saturday, 2 April 2022. Supply chains are being progressively reactivated, after three weeks of disruption due to the nationwide strike. The Company […]
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]
Excelerate Energy Launches IPO
(Excelerate, 4.Apr.2022) — Excelerate Energy, Inc. launched the roadshow for its initial public offering (IPO) of 16,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $21.00 and $24.00 per share. The company also intends to grant the underwriters a 30-day option to purchase up to […]