(JinkoSolar, 1.Mar.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) recently hosted a high-level dialogue with delegates from the UN Global Compact Liaison Office in Beijing, on the role of solar PV technology development in achieving global Sustainable Development Goals (“SDGs”) set up by the United Nations. The dialogue was attended by Ms. Meng Liu, […]
Year: 2022
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
Pembina Pipeline Corp. and KKR Create JV to Merge Canadian Processing Assets
(Pembina Pipeline, 1.Mar.2022) — Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity (“Newco“), which will be owned 60 percent by Pembina and 40 percent by KKR’s global infrastructure funds. […]
Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval
(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a 2 million-barrel cargo of […]
Ecopetrol Reveals 4Q:21 and YE:21 Results
(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group´s financial results for the fourth quarter and year end for 2021, prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The financial information included in this report has been audited and is expressed in billions of Colombian […]
Spill Gates Afobakadam Open from 2 March
(Energy Analytics Institute, 28.Feb.2022) — The spill gates of the Afobaka dam will be opened from 2 March 2022 due to the high water level in the reservoir, Staatsolie announced 28 February 2022 in an official statement on its website. The spilling will take place over a longer period of […]
Invenergy and EnergyRe Secure Offshore Wind Lease Award
(Invenergy Wind Offshore, 28.Feb.2022) — Invenergy Wind Offshore LLC, led by project sponsors Invenergy and energyRe, was named provisional winner for an 83,976-acre area of seabed by the U.S. Bureau of Ocean Energy Management (BOEM). The winning bid of $645mn secured lease OCS-A 0542, one of the largest awarded in the New […]
Talos and Howard Energy to Pursue CCS Ops with the Port of Corpus Christi
(Talos Energy, 28.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and Howard Energy Partners (HEP) entered into an option agreement with the Port of Corpus Christi Authority to pursue commercial carbon capture and sequestration (CCS) opportunities on-site at the Port of Corpus Christi. The project will be known as the Coastal Bend Carbon Management […]
Shell Exits Equity Partnerships with Gazprom Entities
(Shell, 28.Feb.2022) — The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends […]
NRGBriefs: Japan to Support Removing Key Russian Banks from SWIFT
(Energy Analytics Institute, 28.Feb.2022) — Energy briefs including NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announcing that members of the senior management team will participate in various investor meetings throughout March; the Deputy Secretary of the Treasury Wally Adeyemo speaking with Japan Finance Vice Minister Masato Kanda […]
Sonoma County and ForeFront Power Complete 963kW Solar Energy Portfolio
(Forefront Power, 28.Feb.2022) — The County of Sonoma has partnered with ForeFront Power, a developer and asset manager of commercial and industrial-scale solar energy and storage projects, to build a 963 kilowatt (kW) solar energy portfolio at Charles M. Schulz-Sonoma County Airport (STS), as well as at the Sonoma County Fleet Operations Building […]
NGC Corrects Misleading Statements Printed in the Trinidad Guardian
(NGC, 28.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to correct a false assertion made by journalist Curtis Williams in the Sunday Guardian story ‘BHP flops: Ruby oil field fails to shine’, dated 27 February 2022. The article incorrectly stated that NGC President, Mark Loquan, […]
IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region
(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]
Exxon Faces New Pressure Over Dealings with Russia’s Rosneft
(Reuters, 27.Feb.2022) — Exxon Mobil XOM.N likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms […]
bp Staff Message Regarding Relationship with Rosneft
(bp, 27.Feb.2022) — bp’s Bernard Looney provides a message to all bp staff on the company’s relationship with Rosneft. To the bp team, Like so many of you, I have been deeply shocked and saddened by the situation unfolding in Ukraine. We are witnessing an act of aggression which is having tragic […]
NRGBriefs: Guyana Launches Local Content Registry
(Energy Analytics Institute, 25.Feb.2022) — Energy briefs including Energy Analytics Institute (EAI) believing that the recent commencement of war between the Ukraine and Russia offers the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from […]
Global Markets Count Cost of Russian Invasion in Ukraine
(WoodMac, 25.Feb.2022) — The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition, experts from global natural resources consultancy, a Verisk business (Nasdaq: VRSK) said. The world’s dependence on Russia for certain commodities cannot be overstated ‒ from gas, […]
How the War in Ukraine Could Empower Maduro
(Foreign Policy, 25.Feb.2022) — The highlights this week: how the war in Ukraine could prolong Venezuela’s political crisis, Colombia decriminalizes abortion, and a Mexican marathoner completes a cross-country journey. When Anti-Imperialism Meets Noninterference In the weeks before Russia began its large-scale invasion of Ukraine this Thursday, two Latin American presidents, Jair Bolsonaro of Brazil and Alberto Fernández of […]
US Imposes Sanctions on Russian President Vladimir Putin
(U.S. Department of the Treasury, 25.Feb.2022) — Today, the United States, in coordination with allies and partners, continued to forcefully respond to Russia’s unjustified, unprovoked, and premediated invasion of Ukraine by imposing sanctions on President of the Russian Federation Vladimir Putin and the Minister of Foreign Affairs, Sergei Lavrov, as […]
TotalEnergies Makes a Significant Find in Namibia Offshore Block 2913B
(TotalEnergies, 24.Feb.2022) — TotalEnergies made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. “This discovery […]
NRGBriefs: YPF conf. call; Venezuela’s Maduro advocates for peace in Ukraine conflict
HOUSTON, TEXAS (Energy Analytics Institute, 24.Feb.2022) — Energy briefs including Argentina’s state oil entity YPF revealing details of 4Q:21 and YE:21 results conference call on 4 Mar. 2022; Ecopetrol S.A. releasing details related to amendments to its bylaws to be submitted for consideration at the general shareholders’ meeting slated for […]
Talos Energy Reports 4Q:21 and YE:21 Results, Provides 2022 Guidance
(Talos Energy, 24.Feb.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the fourth quarter and full year 2021. The company also announced its year-end 2021 reserves figures as well as 2022 operational and financial guidance. Fourth Quarter 2021 Highlights: Production of 68.7 thousand barrels of oil […]
Pan American Silver Updates Drilling of the La Colorada Skarn
(Pan American, 24.Feb.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) provided results for 20 new infill and exploration holes, all of which contain multiple skarn and breccia intercepts. “Drilling has improved our confidence in the mineralization to the east, west and south of the known skarn footprint, as reported in […]
Ecopetrol Publishes Measures Ahead of Shareholder Meeting on 30 March 2022
(Ecopetrol, 24.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendence of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol approved the implementation of the following measures aimed at […]
Iran, Qatar Sign Major Deals on Raisi’s Doha Trip
(Al Jazeera, 23.Feb.2022) — Qatar and Iran have signed 14 agreements during President Ebrahim Raisi’s two-day trip to Doha this week. Raisi was accompanied by oil minister Javad Owji and foreign minister Hossein Amirabdollahian on the trip, which also included participation in the Gas Exporting Countries Forum (GECF) in the […]
Ecuador’s Pro-Market President Delivers World’s Top Bond Returns
(Bloomberg, 23.Feb.2022) — At a time when bond investors are feeling the burn pretty much everywhere, a developing nation infamous as a serial defaulter has emerged as a surprising bright spot. Ecuador’s dollar bonds have returned 6.4% this year, compared with an average loss of 4.2% for emerging markets, according […]
Secret Deal: TT Govt Agrees Atlantic LNG Train 1 is Dead
(Trinidad Guardian, 23.Feb.2022) — The Keith Rowley administration has quietly walked away from any hope of salvaging Atlantic LNG Train 1 and has instead signed an agreement with Royal Dutch Shell, the National Gas Company and bpTT to unitise trains two, three and four into a single train. The government […]
Russia/Ukraine Conflict Could Hurt Trinidad and Tobago in Long Term
(Trinidad and Tobago Newsday, 23.Feb.2022) — War! What is it good for? Apparently it’s good for oil, gas and petrochemical prices. For the past few weeks concerns over Russia’s aggressive stance against Ukraine have contributed in part to the daily increase in oil, gas and ammonia prices. Foreign Affairs Minister […]
HES Solar Deploys a BYD Energy Storage System
(Energy Toolbase, 23.Feb.2022) — Energy Toolbase, a provider of energy storage software solutions, has commissioned a behind-the-meter energy storage project with HES Solar, a San Diego-based, full-service solar development and installation company. HES Solar installed a BYD Chess energy storage system, integrated with Energy Toolbase’s Acumen EMS™ controls software, alongside a SunPower […]
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NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]
(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]
SSR Mining Reports 4Q:21 and YE:21 Results
(SSR Mining, 23.Feb.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) reports consolidated financial results in accordance with U.S. GAAP for the full year ended 31 December 2021. In addition, the Board of Directors declared a quarterly cash dividend of US$0.07 per common share, an increase of 40% over the third quarter dividend, […]
Braskem Expands its Circular Polymer Portfolio
(Braskem, 23.Feb.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem’s new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration […]
NRGBriefs: Nucor Corp. Declares Regular Quarterly Cash Dividend
(Energy Analytics Institute, 22.Feb.2022) — Energy briefs including the BODs of Nucor Corporation (NYSE: NUE) declaring the regular quarterly cash dividend of $0.50/shr on Nucor’s common stock; Select Energy Services reporting revenue of $255mn generated during the 4Q:21, up 25% sequentially from the 3Q:21; B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: […]
bp Announces Successful Start-up of Herschel Expansion in US GOM
(bp, 22.Feb.2022) — bp announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico. This is part of bp’s strategy to invest in focused and resilient hydrocarbons. Herschel is the first of four major projects scheduled to be delivered globally in 2022. Phase 1 of […]
Capella Provides Update on Drilling at the Kjøli Copper Project, Norway
(Capella Minerals, 22.Feb.2022) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) has received approval from the Norwegian Directorate of Mining for the company’s maiden diamond drill program at its 100%-owned Kjøli copper-zinc-cobalt (“Cu-Zn-Co”) massive sulfide (“VMS”) project in central Norway. Permits have been granted for up to 4,000m of diamond drilling in 25 […]
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Vista Oil & Gas Reports 4Q:21 and YE:21 Results [PDF Downloads]
(Vista Oil & Gas, 22.Feb.2022) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST in the New York Stock Exchange; BMV: VISTA in the Mexican Stock Exchange), reported financial and operational results for full year 2021 and Q4 2021. Full year 2021 highlights: ▪ During 2021, the company completed […]
Ecopetrol Reveals Dates for 4Q:21 and YE:21 Earnings Report and Conference Calls
(Ecopetrol, 22.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 1 March 2022, after market close, it will release its financial and operating results for the fourth quarter and full year 2021. On Wednesday 2 March 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in […]
Trinidad PM Addresses GECF in Qatar, Talks of Lost LNG Export Revenues
(Office of the PM of Trinidad and Tobago, 22.Feb.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley addressed the Sixth Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF). What follows is his speech. Salutations It is my pleasure and honour to participate in this […]
Arrow Exploration Eyes Drilling the RCE-2 Well in Colombia’s Tapir Block
(Arrow Exploration, 22.Feb.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) shared an operational update in connection with the drilling of the next well, the RCE-2 well, at the Rio Cravo Este Field (Tapir Block) in Colombia. The company continues to quickly advance towards drilling the RCE-2 well. — The […]
Trinidad Energy Minister Young Attends Meeting Ahead of GECF Summit
(MEEI, 21.Feb.2022) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P, attended the Extraordinary Ministerial Meeting in advance of the Sixth GECF Heads of State Summit in Doha, Qatar today. The other members of the delegation […]
Neuquén Province January 2022 Production Rises YOY
(Energy Analytics Institute, 21.Feb.2022) — Crude oil and natural gas production from Argentina’s Neuquén Province grow in January 2022 owing to development of unconventional projects approved by the provincial government, according to Alejandro Rodrigo Monteiro, Neuquén’s Minister of Energy and Natural Resources. Neuquén’s oil production averaged 254,357 barrels per day […]
Sasol Limited Reveals Financial Data for Six Months Ended 31 Dec. 2021
(Sasol, 21.Feb.2022) — Sasol Limited released interim results for the six months ended 31 December 2021. Earnings performance Earnings before interest and tax (EBIT) was R24,3bn, an increase of 12% compared to the prior period. This performance was underpinned by a strong macroeconomic environment with higher crude oil prices, refining […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President Asdrúbal Chávez travelling […]
APA Corp. Reports Oil Find at Krabdagu Exploration Well Offshore Suriname
(APA Corp., 21.Feb.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), […]
TotalEnergies Reveals Another Significant Discovery in Suriname’s Block 58
(TotalEnergies, 21.Feb.2022) — TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 […]
NGC and Proman Agree on New Methanol Partnership
(NGC, 18.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman entered a new partnership to lift methanol from the Methanol Holdings(Trinidad) Limited (MHTL) Complex in Point Lisas Industrial Estate for NGC’s methanol trading portfolio. The arrangement, which applies from 1 January 2022, provides NGC with […]
Zeelo to Make Buses as Green as Riding a Bicycle
(Zeelo, 17.Feb.2022) — Zeelo – a smart bus platform for organisations that serves over 1.8 million passengers per year on their daily commute to work and school in the UK, North America and South Africa – has pledged to provide Net Zero bus travel across its services in just eight years. The company is Europe’s only bus […]
NRGBriefs: University of Guyana Students Invited to Oil Conference
(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]
How China Beat Out the US to Dominate South America
(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]
Atlas Renewable Secures Financing for the Casablanca II Solar Plant in Brazil
(Atlas Renewable, 17.Feb.2022) — Atlas Renewable Energy has secured a R$407mn (approximately $76mn) loan from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund for the construction of the Lar do Sol – Casablanca II solar plant, which will be located in Pirapora, State of Minas Gerais, Brazil. The self-production plant will […]