(EIG, 28.Mar.2022) — EIG, an institutional investor to the global energy and infrastructure sectors, and Fluxys, an energy infrastructure company, announced they jointly will acquire an 80% equity stake in GNL Quintero S.A., the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of […]
Year: 2022
NRGBriefs: Atlantic LNG Could Save Venezuela Cos. Money Needed for Export
(Energy Analytics Institute, 28.Mar.2022) — Energy briefs including Touchstone Exploration Inc. (TSX, LSE: TXP) reported its 4Q:21 and YE:21 operating and financial results; and Caracas-based Venezuelan Private Capital Association or Venecápital saying that Venezuelan companies in the eastern region of the OPEC country could look to Trinidad and Tobago’s Atlantic […]
Talos Reveals Finalization of the Zama Unitization Process
(Talos, 28.Mar.2022) — Talos Energy Inc. (NYSE: TALO) has received the final Unitization Resolution (“UR”) from Mexico’s Ministry of Energy (SENER) regarding the development of the Zama field in offshore Mexico. Among other things, the UR affirms the appointment of Petróleos Mexicanos (Pemex) as operator of the unit. Unitization of […]
Tellurian’s Driftwood LNG Begins Construction
(Tellurian, 28.Mar.2022) — Tellurian Inc. (NYSE American: TELL) issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana. President […]
Peru’s President Avoids Impeachment after Marathon Debate
(Al Jazeera, 28.Mar.2022) — Peru’s President Pedro Castillo avoided impeachment by the country’s opposition-dominated legislature on Monday after a parliamentary debate lasting more than eight hours. Fifty-five legislators voted in favour of impeachment, 54 voted against and 19 abstained. The president’s critics needed 87 votes to impeach the leader, who was accused […]
Brazil Government Plans to Replace Petrobras CEO Joaquim Silva E Luna
(WSJ, 28.Mar.2022) — Brazil’s Mining and Energy Ministry said Monday the government intends to replace Joaquim Silva e Luna as chief executive of state-controlled Petróleo Brasileiro SA, or Petrobras, with Adriano Pires, an oil sector consultant with government experience. The change comes after weeks of criticism by Brazilian President Jair […]
Vermilion Energy Reveals Acquisition of Montney Assets
(Vermilion Energy, 28.Mar.2022) — Vermilion Energy Inc. (TSX: VET) (NYSE: VET) entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of $477mn (the “Arrangement” or the “Leucrotta acquisition”). Leucrotta is a Canadian publicly listed Montney-focused oil and natural gas exploration and development company with lands located in […]
Triangle Lithium LLC Starts Antofalla Drilling Campaign in Argentina
(Triangle Lithium, 28.Mar.2022) — Triangle Lithium LLC’s subsidiary Triangle Lithium Argentina, SA (Trila), a joint venture with Lithium Energi Argentina, SA (LEA), finalized and executed all the contracts required to kick off its drilling campaign in the Antofalla Salar in Catamarca Province, Argentina. Work will commence in the next ten days. […]
War Turns Argentina’s Shale Boom Dream into Gas-Buying Nightmare
(Bloomberg, 28.Mar.2022) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina’s gas industry has suffered from years of underinvestment that’s left it […]
Petrobras CEO Ousted Amid Spat Over Fuel Prices
(Bloomberg, 28.Mar.2022) — Latin America’s biggest oil producer Petroleo Brasileiro SA will have its third chief executive officer since early 2021 after Joaquim Silva e Luna was pushed out following growing political pressure to contain fuel prices. Luna’s ouster after just a year in the role comes less than a […]
Petrobras on Letter from the Mines and Energy Ministry
(Petrobras, 28.Mar.2022) — Petrobras, following up on the release disclosed on 03/05/2022, informs that it received a letter from the Ministry of Mines and Energy on today’s date, at 6:25 p.m., in reference to the Petrobras Annual General Meeting to be held on 13 April 2022, with two replacements in […]
EAI brief takeaway: Venezuela and US sanctions
PANAMA CITY, PANAMA (By Editors at Energy Analytics Institute, 26.Mar.2022, Words: 364) — Venezuela’s petroleum sector is again front center on Washington’s radar due to the OPEC country’s massive oil reserves, production potential and proximity after the US imposed sanctions on Russian barrels due to its Ukraine invasion. Energy Analytics […]
Attend the Madrid Energy Conference from 6-8 Apr. 2022
(Global Event Partners, 26.Mar.2022) — The Madrid Energy Conference has become the nexus for Latin American and European energy leaders to discuss energy transition solutions and clean energy advances, as well as how to navigate challenges exacerbated by COVID-19, particularly in terms of finance and fiscal stability in Latin America. Our […]
NRGBriefs: Venezuela Petroleum Flows to Asia-Pacific Trending Downward
(Energy Analytics Institute, 25.Mar.2022) — Energy briefs including Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young meeting with Touchstone Exploration executives about the company boosting production; Venezuelan petroleum (crude and product) flows to Asia-Pacific continuing a downward trend in March 2022; and Sempra (NYSE: SRE) (BMV: SRE) issuing a […]
HF Sinclair and HollyFrontier Commence Private Exchange Offers
(HF Sinclair Corporation, 24.Mar.2022) — HF Sinclair Corporation (NYSE: DINO) and HollyFrontier Corporation (HFC) announced the commencement of private offers to all Eligible Holders (as defined herein) to exchange (each an “Exchange Offer” and, collectively, the “Exchange Offers”) notes previously issued by HFC listed in the table below (the “HFC Notes”), […]
Purchase Oil From Canada, Not Venezuela
(Forbes, 24.Mar.2022) — Gasoline prices are reaching record highs and Russian oil imports are ending. As the Biden Administration makes overtures to Venezuela to request more oil, Alberta Premier Jason Kenney asks why the Administration doesn’t contact him. Canada’s province of Alberta is home to 165 billion barrels of oil, the […]
GCL SI to Supply 71MW Solar Modules in Brazil
(GCL SI, 24.Mar.2022) — GCL System Integration Technology Co., Ltd. (GCL SI) (Shenzhen:002506), a photovoltaics (PV) company in China, will launch a project, dubbed Casa Blanca, in Bahia, Brazil in cooperation with Atlas Renewable Energy, a global renewable energy generator, with an expected full capacity of 250MW once construction is completed. GCL SI […]
NRGBriefs: Venezuela Oil Production Tendencies in Early 2022
(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert in Caracas saying that the OPEC country in the early months of 2022 is importing around 60,000 b/d of condensate […]
CGG Wins Another Major 4D OBN Imaging Contract Offshore Brazil
(CGG, 24.Mar.2022) — CGG has been awarded a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil. The resulting data will bring improved geological insight to the asset operator, Petrobras, to assist with better management of oil recovery […]
NextDecade and Guangdong Energy Announce Binding Heads of Agreement
(NextDecade Corporation, 24.Mar.2022) — NextDecade Corporation (NASDAQ: NEXT) announced the execution of a binding Heads of Agreement (“HOA”) with Guangdong Energy Group Natural Gas Co., Ltd. for the long-term supply of liquefied natural gas (LNG) for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The HOA provides that […]
Frontera Finds 27.2 Degree API Light Oil At The Tui-1 Well In Ecuador
(Frontera, 24.Mar.2022) — Frontera Energy Corporation (TSX: FEC) has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block (Frontera 50% W.I. and operator) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are excited to announce a second consecutive light crude oil […]
Electrolux Reduces Sea Transport Emissions by 15% in 2022
(Electrolux, 23.Mar.2022) — Electrolux will now use more sustainable fuels for 25% of its total sea freight. By partnering with shipping companies Maersk and CMA CGM Group to use biofuel based on waste oils and LNG (Liquefied Natural Gas), Electrolux will reduce its sea transport greenhouse gas emissions by 15 […]
World Must Double-Down on Plans to Achieve Net Zero by 2050
(WoodMac, 23.Mar.2022) — Wood Mackenzie, a Verisk business (Nasdaq:VRSK), reveals in its latest Accelerated Energy Transition (AET) 1.5-Degree scenario report, that the world needs to double-down on plans to achieve the goal of limiting the rise in global temperatures to within 1.5 degrees Celsius (˚C) by 2050. Over the last year, […]
Argentine Gas Transporter Adding Capacity from Vaca Muerta Shale Play
(S&P Global, 23.Mar.2022) — Transportadora de Gas del Sur, or TGS, the biggest gas transporter in Argentina, said late March 22 it plans to invest $60 million to build a 17 million cu m/d pipeline out of Vaca Muerta, the latest transport project in the shale play that is boosting […]
NRGBriefs: Zacatecas Silver Provides Update on Panuco Project
(Energy Analytics Institute, 23.Mar.2022) — Energy briefs including Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) providing an update on its diamond drilling program at the Panuco deposit located within the Zacatecas Property in Mexico; and 2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) updating and significantly […]
IDB Approves Strategy for Trinidad and Tobago on Digital Transformation
(IDB, 23.Mar.2022) — Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Trinidad and Tobago Minister of Planning & Development Pennelope Beckles met today to discuss upcoming plans for the IDB’s work in Trinidad and Tobago, as well as the IDB’s work on digitalization and climate change in the Caribbean. The IDB’s Board […]
SK E&S Buys EverCharge, a US EV Charging Solutions Provider
(SK E&S, 23.Mar.2022) — SK E&S is entering the US electric vehicle charging market. On 23 March 2022, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the US. This is the first time a Korean company has acquired the management rights of an EV charging company based in the US. […]
Petro Names Afro-Colombian Environmentalist as Running Mate
(Bloomberg, 23.Mar.2022) — Gustavo Petro, who’s leading Colombia’s presidential race with a campaign focused on wealth redistribution and a green economy, doubled down on his approach by picking as his running mate a 39-year-old Afro-Colombian woman who’s an environmental activist. Francia Marquez pledged to move the Vice President’s office from […]
If Biden Wants to Lower Gas Prices, he Should Talk to Guyana | Opinion
(Miami Herald, 23.Mar.2022) — President Biden recently sent a team of senior U.S. officials to Caracas for talks with Venezuelan dictator Nicolás Maduro about a possible oil deal to help bring down gas prices in America. But Biden should instead be sending his envoys to a Venezuelan neighbor that could […]
POSCO Holdings Inc. Invests $839mn in Lithium Business in Argentina
(POSCO Holdings, 23.Mar.2022) — POSCO Holdings started construction of a plant to commercialize brine lithium in Argentina. The POSCO Group is Argentina’s first to produce lithium hydroxide for batteries through the entire process, from acquisition of mining rights to exploration to construction and operation of a production plant. On the 23rd, […]
Colombia’s Fossil Fuel Industry Is Freaking Out About Gustavo Petro
(The New Republic, 22.Mar.2022) — This spring, Colombia could elect its first progressive president. In primary elections earlier this month—held for left-wing, centrist, and ruling right blocs—former Bogotá mayor and 2018 presidential candidate Gustavo Petro won an astounding nearly 4.5 million votes to emerge as nominee for the left-wing coalition known as the Historic Pact. Election […]
Government Expects Higher Than Budgeted Revenues, Forex From Oil, Gas
(Trinidad and Tobago Newsday, 22.Mar.2022) — Finance Minister Colm Imbert said Trinidad and Tobago can expect to enjoy quite higher earnings from the sale of crude oil and natural gas, even as he boasted of foreign reserves now at US$6.7 billion or eight months of import cover, well in excess […]
![NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/argentina_edited_20160919-source-baker-mckenzie.jpg)
NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]
(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]
NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her 2022 presentation of the “Memoria y Cuenta” to the National Assembly; and a recent election poll from Genial/Quaest published on […]
Chevron, Waiting It Out in Venezuela, Tells US Now Is the Time to Pump Oil
(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela, where the U.S. has banned such activities since 2019. Then Vladimir Putin launched his invasion of Ukraine. Now the Biden administration […]
Zacatecas Closes Oversubscribed $19.15mn Financing
(Zacatecas Silver, 22.Mar.20222) — Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) closed a $19.15mn offering of subscription receipts (the “financing”). The financing was previously announced on 28 February 2022 as a $15mn private placement and then, due to strong demand, was upsized to $18mn on 4 March […]
Argentina Lithium Starts Geophysics Program at Rincon West Project
(Argentina Lithium & Energy Corp., 21.Mar.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) commenced advanced geophysical imaging surveys at its Rincon West Lithium Project, located at the Salar de Rincon in Salta Province, Argentina. The deep-seeing Transient Electromagnetic Sounding survey will image the sub-surface of the basin, […]
Invenergy and GE Renewable Energy Start Ops at 998 MW Wind Project
(Invenergy, 21.Mar.2022) — Invenergy announced commercial operations for the 998-megawatt Traverse Wind Energy Center, the largest wind farm constructed in a single phase in North America. Located in north central Oklahoma, Traverse joins the operational 199-megawatt Sundance Wind Energy Center and the 287-megawatt Maverick Wind Energy Center, as the last of […]
UH Launches New Energy Transition Institute with $10mn Donation from Shell
(KTRK, 21.Mar.2022) — The University of Houston is establishing a new institute focused on clean energy, and it’s all thanks to a donation from Shell.UH announced on Monday that it has created the Energy Transition Institute after receiving a $10 million gift from oil giant Shell. The institute is focused […]
Ecopetrol, Promigas Start up Pilot-Scale Electrolysers in Cartagena
(Renewables Now, 21.Mar.2022) — The Colombian government on Friday inaugurated a pair of electrolysers in the city of Cartagena installed by two domestic companies as part of their pilot projects to produce green hydrogen. Colombian oil producer Ecopetrol SA (NYSE:EC) and natural gas utility Promigas SA (BVC:PROMIG) each launched solar-powered […]
Eco Atlantic Updates Resource Report on Assets in Guyana, Namibia and S. Africa
(Eco (Atlantic), 21.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX ‐ V:EOG) announced publication of an updated NI 51-101 compliant Competent Person’s Report (“CPR”) on its assets Offshore Guyana, Offshore Namibia and Offshore South Africa. The CPR was compiled by WSP USA Inc., of Boulder Colorado, USA, an […]
NRGBriefs: Argentina’s Oil Production Reaches 571,000 b/d in Feb. 2022
(Energy Analytics Institute, 21.Mar.2022) — Energy briefs including Argentina’s oil production rising in Feb. 2022 to 571,000 b/d, its highest mark since Dec. 2011; and Neuquén Province’s Governor Omar Gutiérrez participating in the official inauguration of the Argentina Oil & Gas (AOG2022) event in Buenos Aires. LATIN AMERICA AND THE […]
Let’s Wait And See Impact on Govt Revenue: Energy Minister Young Says
(Trinidad Express, 20.Mar.2022) — Energy Minister Stuart Young said yesterday that higher global ammonia prices should result in more revenue for the Government in the current fiscal year. Young was reacting to recent news that Russia’s invasion of Ukraine has contributed to higher prices for all kinds of fertilisers, including […]
NRGBriefs: Xi Jinping Says World Must Reject Cold War Mentality
(Energy Analytics Institute, 20.Mar.2022) — Energy briefs including China’s Xi Jinping saying there should be a rejection to “the Cold War mentality”; and the American Association of Petroleum Geologists (AAPG), in conjunction with the Colombian Association of Petroleum Geologists and Geophysicists (ACGGP), hosting ICE in Cartagena, Colombia in mid-April 2022. […]
UWI Economist Urges CARICOM to Look Within for Oil Supplies
(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University of the West Indies economist, wondered aloud whether the United States would consider invading Venezuela, which has some of the largest oil reserves in the […]
Science in the Southern Hemisphere: SOFIA Deploys to Chile
(Universities Space Research Association, 18.Mar.2022) — The Stratospheric Observatory for Infrared Astronomy (SOFIA) landed at the Santiago International Airport on 18 March 2022. Like other deployments to the Southern Hemisphere, SOFIA is a partnership between NASA and German Aerospace Agency (DLR) and temporarily changing its base of operations from Palmdale, California, to Santiago, Chile, to observe celestial objects […]
EXMAR and GASUNIE Move to Secure Energy Supply
(Energy Analytics Institute, 18.Mar.2022) — EXMAR reached an agreement for a 5-year charter for the employment of its 600 million standard cubic feet per day (MMscf/d) regasification floating storage and re-gasification unit (FSRU) S188 with GASUNIE LNG Holdings BV. GASUNIE will utilize FSRU S188 as floating LNG import terminal at […]
![NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/image0-5.jpeg)
NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]
(Energy Analytics Institute, 18.Mar.2022) — Energy briefs including Colombia commencing operations at the first of two green hydrogen pilots in Cartagena; Ecopetrol announcing plans to be producing 1 million tons of hydrogen by 2040; former Brazilian President Luiz Inácio Lula da Silva saying that in the eight yrs of his […]
Shell Brasil Applies for Environmental License for Offshore Wind Power Projects
(Shell Brasil, 18.Mar.2022) — Shell Brasil earlier this week applied for environmental licenses from the Brazilian Institute of the Environment and Natural Resources (IBAMA) for offshore wind power generation in six areas covered by the states of Piauí, Ceará, Rio Grande do Norte, Espírito Santo, Rio de Janeiro, and Rio […]
US sanctions on Venezuela and what they don’t tell you: Luis Vicente León
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 341) — Datanalisis president Luis Vicente León commented on social media about the rumors around an easing of US sanctions on Venezuela as well as why Venezuela’s President Nicolás Maduro is benefitting the most from Washington’s current restrictions. Excerpts from […]