(Reuters, 17.Feb.2022) — Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry. Results of the talks with Middle East firms could lead Guyana to bar a consortium […]
Year: 2022
Hydrogène de France Accelerates Renewstable® Plant in Barbados
(HDF Energy, 16.Feb.2022) — Hydrogène de France (HDF Energy) announces that Renewstable® Barbados (“RSB”), the largest hydrogen power project in the Caribbean, has taken a new major step in its development with Rubis acquiring a 51% stake in its capital. This transaction follows the strategic agreement signed between the two […]
Saulsbury Awarded Construction Contract in Southeast New Mexico
(Saulsbury, 16.Feb.2022) — Saulsbury has recently been awarded multiple pipeline contracts to construct a collective 16.5 miles of steel and poly flowlines in Southeast New Mexico. This award represents a significant achievement for Saulsbury, as we work to promote growth in our Field Services operations. “We are excited to see the […]
Petrobras Starts Non-binding Phase for Divestment of GOM E&P Assets
(Petrobras, 16.Feb.2022) — Petrobras, following up on the release disclosed on 10/04/21, informs the beginning of the non-binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns […]
Borr Drilling Reveals Prelim 4Q:21 Results
(Borr Drilling, 16.Feb.2022) — Borr Drilling Limited announces preliminary unaudited results for the three and twelve months ended 31 December 2021. Highlights Fourth Quarter of 2021 Total operating revenues of $69.1mn, a decrease of $3.9mn (5%) compared to the third quarter of 2021 Net loss of $46.1mn, an increase of $13.5mn compared to the loss in […]
T&TEC Provides Details of Scheduled Interruptions
(Energy Analytics Institute, 16.Feb.2022) — The Trinidad and Tobago Electricity Commission or T&TEC provided details of scheduled interruptions across the small twin-nation island. T&TEC advise on 16 February 2022 on its website of that the “supply of electricity will be interrupted” in the following areas: ____________________ By Carlene Williams. © […]
Venezuela and Russia Ink Deals to Boost Ties
(Energy Analytics Institute, 16.Feb.2022) — Venezuela and Russia signed an agreement of intent aimed at strengthening strategic alliances and comprehensive cooperation between the two countries under the context of a relationship based on mutual respect. The agreement was signed by Venezuela’s Petroleum Minister Tareck El Aisami and Russia’s Yuri Barisov, […]
NRGBriefs: Guyana VP Jagdeo Reveals NOC Aspirations by 3Q:22
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including the International Energy Conference and Expo Guyana saying it will allow the first 80 University of Guyana students to enter its conference for free on 16 Feb. 2022; Guyana’s Vice President Bharrat Jagdeo talking about the potential launch of the country’s national […]
Is Private Equity Who Upstream M&A Market is Looking for?
(WoodMac, 16.Feb.2022) — As energy transition and ESG pressures bring more upstream assets to market, questions remain about who’s buying. Comments follow from Greig Aitken, Research Director, M&A and Neivan Boroujerdi, Principal Analyst, North Sea Upstream. The pressure is rising for public companies to decarbonise. It’s bringing more upstream assets to the […]
Uranium Energy Corp 2022 Letter to Shareholders
(Uranium Energy, 16.Feb.2022) — Uranium Energy Corp (NYSE: UEC) provided the following letter to its shareholders on the outlook for the company in 2022 from President and CEO, Amir Adnani. Dear Shareholder, 2022 begins with the highest uranium price in a decade and a positive global outlook for nuclear energy not seen […]
NRGBriefs: Frontera Sets Guyana Exploration CAPEX at $110-$130mn
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including Frontera Energy anticipating Guyana exploration CAPEX of $110-$130mn in 2022 and CGX Energy anticipating further investments of $5-$10mn for the Berbice Deepwater Port Project; Kootenay Silver saying JV operator Aztec Minerals Corp. reported a broad, high grade, gold intercept in the first RC drill hole […]
Frontera Announces CAPEX and Production Guidance for 2022
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]
Frontera Reveals YE:21 Reserves
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (D&M). All dollar amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted. All of the Company’s booked reserves for the year […]
Suriname Scraps Deal to Build Hydrogen Plant
(CMC, 15.Feb.2022) — The Suriname government has begun the process of ending a controversial deal for the construction here of a state-of-the-art hydrogen plant by the Danish company, Hybrid Power System Group (HPSG). The decision to scrap the project for which an agreement was signed last March comes amidst reports […]
KEI Responds to News AMLO’s Son Being Employed at the US Company
(KEI Partners, 15.Feb.2022) — Regarding misinformation currently being circulated by the Mexican press. About Our Office: The office at 4400 Post Oak Pkwy has existed since April 2014, through a lease agreement between the related company Vaquero Strategy and the landlord. KEI Partners, as well as our other affiliated companies mentioned […]
Talos Energy and EnLink Midstream Complete Carbon Capture Solution
(Talos Energy, 15.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and EnLink Midstream, LLC (NYSE: ENLC) have executed a memorandum of understanding to jointly develop a complete CO2 capture, transportation and sequestration solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from New Orleans to Baton Rouge, which is […]
Petrobras and Gaspetro Finalize Gasmar Exit
(Petrobras, 15.Feb.2022) — Petrobras, following up on the release disclosed on 04/09/21, informs that it concluded today, together with its subsidiary Petrobras Gás S.A. (Gaspetro), the transaction to finalize the pending litigation with Termogás S.A. As a result of this transaction, Termogás acquired the shares of Companhia Maranhense de Gás […]
ExxonMobil CEO: Continued Progress Means Achieving Local Content Goals
(Guyana’s DPI, 15.Feb.2022) — Achieving the goals of local content will see continued progress for Guyanese and local companies, Chief Executive Officer (CEO) of oil giant ExxonMobil, Darren Woods has stated. He said Esso Exploration and Production Guyana Limited-the local ExxonMobil affiliate, has made progress in advancing local opportunities for […]
President Ali Tells Investors: Guyana Welcomes Investors but Guyanese Must Benefit
(Guyana’s DPI, 15.Feb.2022) — An olive branch has been extended to companies looking to invest in the oil and gas producing nation of Guyana. However, while they are welcomed to invest, companies are being reminded that Guyanese must be able to benefit from those investments. President Dr. Mohamed Irfaan Ali […]
Brazil to be Net Gas Importer for Next Decade
(Argus, 15.Feb.2022) — Brazil will be a natural gas net importer for the next ten years, says Petrobras executive Álvaro Tupiassú during the 2nd Brazil Gas Summit. Brazil’s new gas law is important because it stimulates an open and competitive market, with new contracts and agents, said Tupiassú. Petrobras is […]
Interoil Provides Argentina and Colombia Production Update
(Interoil, 15.Feb.2022) — Interoil provided production details from its operations in Argentina and Colombia. Below are details of average gross operated production in January 2022 and corresponding numbers for December 2021. Comments In January 2022, average daily production was 3,358 barrels of oil equivalents per day (boepd), compared to 3,104 […]
Colombia’s Economy Grows the Most in 115 Years
(Bloomberg, 15.Feb.2022) — Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product expanded 10.6% in […]
Southwestern Energy Expands RSG Monitoring Across Entire Operations
(Southwestern Energy Company, 8.Feb.2022) — Southwestern Energy Company (NYSE: SWN) announced the expansion of its company-wide certification and continuous monitoring of its production as responsibly sourced gas (RSG), building upon its previously announced program in Appalachia to include its newly acquired Haynesville position. SWN’s RSG program reflects the company’s Environmental, […]
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NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]
(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]
GX Energy and Frontera JV to Focus on Corentyne Block in 2022
(CGX Energy, 14.Feb.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX, announced that, as a result of the initial positive results at the Kawa-1 exploration well, the joint venture will focus on the significant exploration […]
FPSO Liza Unity Producing and on Hire
(SBM Offshore, 14.Feb.2022) — SBM Offshore announced that FPSO Liza Unity has produced first oil as of February 11, 2022 and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program which incorporates the company’s new build, multi-purpose floater hull combined with […]
Baker Hughes Expands Presence in Guyana with Opening of Major Facility
(Baker Hughes, 14.Feb.2022) — Baker Hughes has expanded its presence in Guyana through the opening of a new local supercenter facility for oilfield services and equipment. The supercenter, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Baker Hughes has […]
Brazil has Oil. Exxon Can’t Seem to Find It
(Reuters, 14.Feb.2022) — Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator […]
Petrobras Registers Record Pre-Salt Production in 2021
(Zacks Equity Research, 14.Feb.2022) — Brazilian state-owned oil major Petrobras (PBR) announced that it accomplished its best pre-salt output from its offshore fields last year, averaging 1.95 million barrels of oil equivalent per day (Mboe/d). This represents about 70% of the company’s entire production and is twice as much as the aggregate […]
T&T to Co-chair Climate Finance Goal
(Trinidad Express, 13.Feb.2022) — Trinidad and Tobago has been appointed to co-chair the ad hoc work programme on the new climate finance goal by president of the 26th Conference of the Parties on Climate Change (COP 26), Alok Sharma, the Ministry of Planning and Development announced yesterday. In a letter […]
ExxonMobil’s Second Development Starts Operations Offshore Guyana
(ExxonMobil, 11.Feb.2022) — ExxonMobil started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Production at the Liza Unity floating, production, storage and offloading (FPSO) vessel […]
NRGBriefs: Trinidad Energy Minister Meets with Executives about Project Lara
(Energy Analytics Institute, 11.Feb.2022) — Energy briefs including Stuart Young, Trinidad and Tobago’s head at the Ministry of Energy and Energy Industries meeting with corporate executives at BP, Shell and Lightsource BP about the Project Lara; and Texas-based Exxon’s commenting on carbon capture and storage (CCS); and more. LATIN AMERICA […]
Enbridge Reports 2021 Financial Results and Advances Strategic Priorities
(Enbridge, 11.Feb.2022) — Enbridge Inc. (TSX: ENB) (NYSE: ENB) reported strong full year 2021 financial results, reaffirmed its 2022 financial outlook, and provided a quarterly business update. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to “Non-GAAP Reconciliations Appendices” […]
Hess Starts Production from Liza Phase 2 Development, Offshore Guyana
(Hess, 11.Feb.2022) — Hess Corporation (NYSE: HES) announced startup of production from the Liza Phase 2 development on the Stabroek Block offshore Guyana, utilizing the Liza Unity floating production, storage and offloading (FPSO) vessel. The Liza Unity is expected to reach its production capacity of 220,000 gross barrels of oil per day […]
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SBM Offshore Provides Project Update [PDF Download]
(SBM Offshore, 10.Feb.2022) — SBM Offshore provided a status update on individual projects from Guyana to Brazil. Guyana FPSO Liza Destiny The third stage flash gas compressor on the unit remains stable and continues to operate. Additional engineering activities are ongoing to finalize a redesigned flash gas compressor with an […]
![NRGBriefs: St. Kitts and Nevis’ Energy Report Card [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/st-kitts-nevis-header.jpg)
NRGBriefs: St. Kitts and Nevis’ Energy Report Card [PDF Downloads]
(Energy Analytics Institute, 10.Feb.2022) — Energy briefs including St. Kitts and Nevis’ Energy Report Card (ERC) providing an overview of the energy sector performance; and SBM Offshore reporting a dividend increase based on strong performance, and record order book providing cashflow visibility until 2050 of $29.5bn. LATIN AMERICA AND THE […]
Petrobras Receives Int’l Award for debt Management
(Petrobras, 10.Feb.2022) — Petrobras was the winner of the “Deals of the Year” award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the […]
More Gas Pains for T&T
(Trinidad Guardian, 10.Feb.2022) — T&T can expect 2022 to be another year of major natural gas shortages that will negatively impact the country’s economy, LNG exports and the downstream petrochemical sector. The country’s largest natural gas supplier bpTT has confirmed that it will this year produce a mere 1.25 billion […]
NGC Shakeup: Govt Gets Rid of Two Directors at NGC
(Trinidad Guardian, 10.Feb.2022) —In a shake-up of the board of directors of the National Gas Company Ltd (NGC), the Cabinet last week decided not to renew the contract of Sean Balkissoon one of only two directors who voted against the ill-fated NGC attempt to save Atlantic LNG Train 1 and […]
TotalEnergies Seeks Exit from Venezuelan Gas Projects
(Bloomberg, 10.Feb.2022) — TotalEnergies SE is negotiating an exit from its natural gas operations in Venezuela, just months after the French energy giant closed its oil business in the country. The company is pulling out of its majority stake in YPergas SA, a joint venture in central Guarico state that produces […]
JinkoSolar’s Tiger Neo Bifacial Modules Reach Competitive Carbon Footprint Value
(JinkoSolar, 10.Feb.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its Tiger Neo Bifacial BDV 570 (144 cells) and Tiger Neo Bifacial BDV 610 (156 cells) modules, have been officially certified by CERTISOLIS for their very competitively low carbon footprint values (“CFP values”). The CFP value of, respectively, 448 and 450 KG […]
![Petrobras Provides 4Q:21 Production and Sales Highlights [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/BRA_4Q21-production-and-sales-report_petrobras-header.jpg)
Petrobras Provides 4Q:21 Production and Sales Highlights [PDF Download]
(Petrobras, 9.Feb.2022) — Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: • FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the […]
Ecopetrol Group Launches 2040 Strategy “Energy that Transforms”
(Ecopetrol, 9.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022/24 term (22–24 Plan). The long-term strategy of the Ecopetrol Group (GE for its Spanish acronym), so-called “Energy that Transforms“, fully addresses current environmental, social, and governance challenges, […]
Petrobras on Labor Lawsuit Filed at the Federal Supreme Court (STF)
(Petrobras, 8.Feb.2022) — Petrobras informs that, on 14 February 2022, a majority of votes favorable to Petrobras was formed in the judgment of that discusses the methodology for calculating the “Remuneração Mínima Por Nível e Regime” (RMNR) supplement at the First Panel of the Federal Supreme Court. As of this […]
Petrobras To Host 4Q:21 Results Calls
(Petrobras, 8.Feb.2022) — Petrobras will release its 4Q21 Production and Sales Report on 9 February 2022 and its 4Q:21 Financial Performance Report on 23 February 2022, both after the markets close. On 24 February 2022 two webcasts will be held, the first in Portuguese and the second in English, to […]
Fitch Confirms Petrobras’ Rating
(Petrobras, 8.Feb.2022) — Petrobras announced that the rating agency Fitch reaffirmed its rating at “BB-“, with negative outlook, following the Brazil’s rating. The standalone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the […]
Canacol Energy Provides Sales, Drilling Operations, and Share Buyback Update
(Canacol, 8.Feb.2022) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) provided the following information concerning its January 2022 natural gas sales, the Toronja 2 development well, near term drilling plans, and the Corporation’s normal course issuer bid. Gas sales averaged 170 MMscfpd for January 2022 Realized contractual natural gas sales (which […]
Minister Young Meets with Outgoing Ambassador of Japan to Trinidad
(MEEI, 8.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, met with outgoing Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Trinidad and Tobago, His Excellency Tatsuo Hirayama and First Secretary, Mr. Nobuaki […]
Petrobras on FPSO for Parque das Baleias Integrated Project
(Petrobras, 7.Feb.2022) — Petrobras, following up on the release disclosed on 12 November 2021, informs it signed the contracts with the companies Yinson Bergenia Production B.V. and Yinson Bergenia Serviços de Operação LTDA, both from Yinson Production PTE Ltd. Group, for the chartering and provision of services of the Maria […]
Melbana Provides Positive Update from Alameda-1 Well Onshore Cuba
(Melbana Energy, 7.Feb.2022) — Melbana Energy Limited (ASX: MAY) (Melbana) provided this update on its drilling operations at its Alameda-1 exploration well in its Block 9 contract area onshore Cuba. Overnight drilling reached a depth of approximately 3,590mMD (3420mTVD), at which point a lithology change was detected, potentially signifying the […]