![Washington-Caracas talks driven by 3 factors: Datanalisis’ Luis Vicente León says [video]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/VEN_lvl-for-hispano-post-18mar2022-a.jpg)
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 242) — Talks earlier this month between a delegation from Washington and Venezuela’s President Nicolás Maduro related to 3 issues, according to Datanalisis’ Luis Vicente León, who spoke in a video for HispanoPost via Twitter. Excerpts from his post (see video […]
Year: 2022
Defaulted Venezuela Bonds Are Luring Buyers Betting on US Deal
(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which has been mired in default for years, when prices ticked higher around that level this week, it marked a sudden sign of growing optimism. As […]
Ecopetrol Rectifies False Details Published on Third-party Website
(Ecopetrol, 18.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 17 March 2022, it became aware of certain false information published on a now-deactivated website (https://secureleads.org/), which purported to give Colombians an opportunity to access the company’s profits by investing COP 960,000 in cryptocurrency for trading in an instrument called “Bitcoin Ecopetrol” and […]
Noble Corp. and Maersk Drilling Name Management Team for Combined Co.
(Noble Corp., 18.Mar.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (Maersk Drilling) announced the executive management team to be effective after the closing of the business combination announced on 10 November 2021. The combined company will have a proven management team led by […]
NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela
(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan Guaidó saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]
Braskem Reports Record Results in 2021
(Braskem, 17.Mar.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced its results for 4Q21 and 2021. 4Q21 and 2021 HIGHLIGHTS Braskem – Consolidated In 4Q21, Braskem’s recurring Operating Result was $1.1 bn, 23% lower than in 3Q21, mainly due to: (i) lower international spreads for main chemicals, PE […]
Golden Arrow Purchases the San Pietro Iron-oxide Copper Gold Project, Chile
(Golden Arrow Resources, 17.Mar.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF),through its wholly owned subsidiary New Golden Explorations Chile SPA, purchased a 100% interest in the San Pietro Iron-oxide Copper Gold (IOCG) Project (formerly known as Radiss) in Chile from Sumitomo Metal Mining Chile Ltda (SMM Chile) for cash consideration of US$3.35mn. […]
Nucor Announces Guidance for 1Q:22 Earnings
(Nucor Corp., 17.Mar.2022) — Nucor Corporation (NYSE: NUE) announced guidance for its first quarter ending 2 April 2022. Nucor expects to achieve a new record for first quarter earnings in the range of $7.20 to $7.30 per diluted share. Fourth quarter of 2021 earnings were $7.97 per diluted share and first quarter of 2021 earnings were $3.10 per diluted share. […]
Core Laboratories and Talos Energy Announce Strategic Alliance
(Core Laboratories, 17.Mar.2022) — Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) and Talos Energy Inc. (NYSE: “TALO”) have announced a strategic alliance to provide technical evaluation and assurance for carbon capture and sequestration (“CCS”) opportunities. The alliance combines Core Lab’s market-leading reservoir description and optimization technologies with Talos’s […]
Lithium South Completes Environmental Baseline Study in Argentina
(Lithium South, 17.Mar.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced finalization of the Environmental Baseline Study for the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. E&C Consultores of Salta have been completing the final in field survey, collecting data on the Flora, Fauna, […]
Talos Energy Executes Texas GLO Carbon Capture Site Lease
(Talos Energy, 16.Mar.2022) — Talos Energy Inc. (NYSE: TALO) announced that Bayou Bend CCS LLC, Talos’s venture with Carbonvert, Inc., executed definitive lease documentation with the Texas General Land Office (“GLO”), formalizing the previously announced carbon capture and sequestration (“CCS”) site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor. Talos […]
Steel Dynamics Provides 1Q:22 Earnings Guidance
(Steel Dynamics, Inc., 16.Mar.2022) — Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided first quarter 2022 earnings guidance in the range of $5.55 to $5.59 per diluted share. Excluding the impact from costs associated with the startup of the company’s Sinton Texas Flat Roll Steel Mill growth investment of an estimated $83 million, or $0.30 per diluted share, the […]
Sorcia Minerals hosts University of Santiago at Direct Lithium Extraction Plant
(Sorcia Minerals, 16.Mar.2022) — Sorcia Minerals LLC hosted Universidad de Santiago de Chile (USACH) in the US for a tour of the newly completed International Batteries Metals (IBAT) direct lithium extraction (DLE) plant. USACH sent Dr. Alonso Arellano, Professor, from the Faculty of Engineering to verify the progress and assembly of the Direct Lithium Extraction plant. Dr. Arellano […]
NFE Announces LNG SPA with Venture Global LNG
(New Fortress Energy, 16.Mar.2022) — New Fortress Energy Inc. (NASDAQ: NFE) announced the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG. Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG […]
Venture Global Reveals New Sales Deals for Plaquemines and CP2 LNG
(Venture Global LNG, 16.Mar.2022) — Venture Global LNG executed two new long-term 20-year Sales and Purchase Agreements (SPAs) with New Fortress Energy Inc. (NASDAQ: NFE), including 1 million tonnes per annum (MTPA) from Plaquemines LNG and 1 MTPA from CP2 LNG. This is the first SPA for the CP2 LNG facility, […]
Shell Among Companies Chasing Ecuadorian Oil After Russia Sanctions
(Bloomberg, 16.Mar.2022) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and […]
Airborne Methane Detection Gains Approval for Use in New Mexico
(Bridger Photonics, 16.Mar.2022) — Bridger Photonics‘ aerial Gas Mapping LiDAR™ has been approved for use as an advanced leak detection and repair monitoring technology by New Mexico’s Energy, Minerals and Natural Resourced Department (“EMNRD”) for its ALARM credit program. With EMNRD’s approval, oil and gas operators in New Mexico can now use the advanced methane detection […]
Venezuelans Feel Pain at the Pump as More Gas Stations Charge in Dollars
(Reuters, 16.Mar.2022) — Venezuelan drivers are feeling the squeeze of nagging gasoline shortages as state oil company PDVSA gradually boosts the number of its gas stations that charge them in dollars, five sources in the South American country said. Three of the sources, who all have access to oil sector […]
Maersk Drilling Secures Five-month UK Contract for Maersk Resolve
(Maersk Drilling, 16.Mar.2022) — Maersk Drilling has been awarded a contract which could employ the harsh environment jack-up rig Maersk Resolve with a customer in the UK sector of the North Sea for the majority of 2022. The contract is expected to commence in April 2022, with an estimated duration […]
Bob Kent Joins Citgo Board of Directors
(Citgo, 16.Mar.2022) — The Citgo Petroleum Corporation Board of Directors announced that Bob Kent has been appointed to the Board of Directors. “Bob Kent brings more than 40 years of refining experience to our executive team, including 13 years with Citgo,” said Citgo Director and President and Chief Executive Officer Carlos Jordá. “His […]
NRGBriefs: Washington yet to Ease Sanctions on Venezuela
(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and Washington continuing to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their […]
Engaging Venezuela Is Worth the Gamble
(Bloomberg, 15.Mar.2022) — A more realistic policy toward the Maduro regime would free up oil supplies and weaken Russian influence. In a bid to ease pressure on global energy supplies, the U.S. has opened talks with the government of Venezuelan leader Nicolas Maduro, which could lead to the lifting of some […]
Frontera Reveals Renewal of its Normal Course Issuer Bid
(Frontera, 15.Mar.2022) — Frontera Energy Corporation (TSX: FEC) announces that the Toronto Stock Exchange (the “TSX”) has accepted its notice to initiate a normal course issuer bid (the “NCIB”) for its common shares, upon the expiry of its current normal course issuer bid on 16 March 2022. Pursuant to the NCIB, […]
SWVL Commits FDI to Argentina to Improve Mass Transit
(Swvl Inc., 15.Mar.2022) — Swvl Inc., a global provider of transformative tech-enabled mass transit solutions, and the government of Argentina announced that Swvl will become a significant foreign direct investor in Argentina to improve the reliability, safety and demand responsiveness of mass transit systems across the country. Swvl will make an initial $15mn investment, which will […]
Petrobras Says TGB and TSG Divestments Still in Binding Phase
(Petrobras, 15.Mar.2022) — Petrobras, regarding the pieces of news in the media about the sale of all of its 51% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira Gás S.A. (TSB), clarifies that this divestment project is still in the binding phase. EIG Global Energy […]
NRGBriefs: Zacatecas Silver Corp. Names Nancy La Couvee to BODs
(Energy Analytics Institute, 15.Mar.2022) — Energy briefs including the start of the CARIVS 2022 virtual summit in Guyana; and Zacatecas Silver Corp. (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) naming Nancy La Couvee to the company’s BODs. LATIN AMERICA AND THE CARIBBEAN Guyana The 2nd Caribbean Oil & Gas Virtual Summit […]
NRGBriefs: Astra Exploration Provides Update on Pampa Paciencia
(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing […]
Sempra Infrastructure’s Mexico Subsidiary Credit Rating Upgraded by Fitch
(Sempra, 14.Mar.2022) — Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced that Fitch Ratings has upgraded its Mexico subsidiary’s long-term foreign and local currency issuer default rating as well as its senior unsecured notes to ‘BBB+’ from ‘BBB’. The outlook remains stable. The ratings upgrade is a result […]
Northwest Pipe Awarded Contract for the Navajo-Gallup Water Supply Project
(Northwest Pipe Company, 14.Mar.2022) — Northwest Pipe Company (Nasdaq: NWPX), a manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by S.J. Louis Construction, Inc., a Minnesota-based general contractor specializing in underground utility construction for 39 years, to manufacture engineered steel water transmission pipe for the Code Talkers […]
Sandstorm Gold Royalties Provides Asset Update
(Sandstorm Gold Ltd., 14.Mar.2022) — Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) provided an update of recent developments from the company’s royalty portfolio. LUNDIN MINING ANNOUNCES NEW DISCOVERY AT CHAPADA Lundin Mining Corporation recently announced the discovery of a new copper-gold mineralized system called Saúva at the Chapada project in Brazil. The […]
Eco (Atlantic) Oil and Gas Ltd. Reveals Strategic Acquisition of JHI in Guyana
(Eco (Atlantic), 14.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (“WI”) in the Canje Block offshore Guyana (the “Acquisition”). Highlights · A proposed cashless acquisition, with a value of approximately $52mn […]
Five Key Takeaways from CERAWeek 2022 7-11 Mar. 2022 in Houston
(Clarissa Lins with Catavento, 13.Mar.2022) — Almost 6,000 people met in Houston at CERAWeek, the world’s largest and most influential energy gathering. During five days, the discussions were dominated by the severe impacts of the war and its devastating consequences over the Ukraine population, European energy security and the values […]
Brief History: Venezuela’s Heavy Oils and Extraction Strategies
(Energy Analytics Institute, 13.Mar.2022) — A brief history of Venezuela’s initial crude discovery in 1914 and the eventual move to focus on the Orinoco Heavy Oil Belt. Brief History In 1914, Venezuela’s first important heavy oil field, Mene Grade, was discovered. Initial production from the shallow sands located at 550 […]
Popular thermal recovery methods used in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2022, Words: 521) — Venezuela has historically utilized various thermal recovery methods to assist in the production of its heavy and extra-heavy crude oil (EHCO). A summary of the four most popular in-situ thermal recovery methods follows. ASSISTING IN THE INCORPORATION PROCESS […]
NRGBriefs: Japanese Companies Aim to Reduce Environmental Impact
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and The Hanshin Diesel Works, Ltd. forming strategic alliance to reduce their environmental impact; and routine gas flaring representing a lost […]
Yuchai Engines Power Largest Chinese Bus Export Order to Mexico
(China Yuchai, 11.Mar.2022) — China Yuchai International Limited (NYSE: CYD), a manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced that GYMCL’s YC6GN natural gas engines became the exclusive engine to power 800 Ankai buses that were recently […]
Touchstone Announces Approval of Ortoire Licence Extension
(Touchstone, 11.Mar.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announces that the government of Trinidad and Tobago (“GoTT”) has approved a five-year extension of the exploration and production licence for the Ortoire block. Touchstone has an 80 percent operating working interest in the licence, with Heritage Petroleum Company Limited holding […]
Brazil Congress Cuts Taxes on Fuels to Soften 25% Price Jump
(Bloomberg, 11.Mar.2022) — Brazil’s congress passed a tax reduction for fuels hours after state-controlled oil producer Petroleo Brasileiro SA caused a stir by increasing diesel and gasoline prices by as much as 25%. Lawmakers late on Thursday approved a bill that cuts federal taxes for diesel and cooking gas until […]
NRGBriefs: Venezuela’s Short-term Ability to Boost Production
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring offshore eastern Venezuela near Barcelona. LATIN AMERICA AND THE CARIBBEAN Venezuela — Venezuela has capacity over the short-term to possibly boost production around 200,000 b/d […]
Russian Oil Rigs in Venezuela Complicate US Talks With Maduro
(Bloomberg, 11.Mar.2022) — Much has been written about the hurdles to a U.S.-Venezuela detente that would allow oil from the South American nation to start flowing more freely into international markets. One of them, though, has been overlooked: The presence of a Kremlin-owned company in oil fields all across Venezuela. […]
Maersk, Proman Announce Green Methanol Supply Deal
(Proman, 10.Mar.2022) — Proman and A.P. Moller -Maersk entered into a new cooperation agreement to identify and develop green methanol supply solutions for Maersk’s new methanol-fuelled container vessels. As part of today’s agreement, Proman will aim to supply Maersk with 100,000 – 150,000 tonnes per year of green methanol from […]
CGX and Frontera Announce $35mn Loan Deal to Support Guyana Costs
(Frontera, 10.Mar.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35mn loan that will enable CGX to continue to finance part of its […]
Background Press Call Previewing the Visit of President Duque of Colombia
(The White House, 10.Mar.2022) — Background press call via teleconference by senior administration officials from The White House previewing the visit of President Ivan Duque of Colombia. MODERATOR: Thank you, Grace. And, everyone, thank you for joining us this evening for today’s background call previewing President Duque’s visit to the […]
Pampa Energía Says 4Q:21 Results Boosted by Plan Gas
(Pampa Energía, 10.Mar.2022) — Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the fiscal year and quarter ended on 31 December 2021. Pampa’s financial information adopts US$ as functional currency, and it’s expressed in AR$ […]
Grupo Energia Bogota Improves Caribbean Electricity Supply
(Grupo Energía Bogotá, 10.Mar.2022) — Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second installation of SmartValve in Colombia, with more projects to be delivered in 2022 to further strengthen the national transmission network. […]
T&T Needs Reinvestments to Benefit from Higher Oil Prices
(Trinidad Guardian, 10.Mar.2022) — While the increases in oil prices driven by the conflict between Russia and Ukraine can benefit oil-producing nations, countries like T&T and Venezuela will struggle to capitalise. Responding to a question from Guardian Media at the University of the West Indies’ Vice-Chancellor’s Forum, titled Of Ukraine […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]
EAI Q&A with Colombia’s ANH head Armando Zamora
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 10.Mar.2022, Words: 1,270) — Colombia’s head at the National Hydrocarbon Agency (ANH by its Spanish acronym), Armando Zamora, spoke briefly with Energy Analytics Institute (EAI) during CERAWeek by S&P Global in Houston about the South American country’s plans for its next bid round […]
Petrobras on REMAN Refinery Divestment
(Petrobras, 10.Mar.2022) — Petrobras, following up on the release disclosed on 08/25/2021, concerning the sale process of Refinaria Isaac Sabbá (REMAN) to Ream Participações S.A., informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published on 03/08/2022 a dispatch declaring the Act of Concentration to be […]
NRGBriefs: Venezuela’s Maduro Back in the Driver’s Seat
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Washington courting Venezuela amid the Ukraine invasion by Russia and Venezuela’s President Nicolás Maduro likely being the biggest benefactor amid high oil prices and US desperation. LATIN AMERICA AND THE CARIBBEAN Venezuela — Talking Points: Over the short-term Venezuela’s President Nicolás Maduro […]