(MEEI, 25.Jan.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced the execution by the Government, and Atlantic LNG Shareholders, companies affiliated with BP, Shell Trinidad and Tobago Limited (Shell) and The National Gas Company of […]
Year: 2022
NRGBriefs: ExxonMobil’s Results Call, GoldMining Appointment
(Energy Analytics Institute, 25.Jan.2022) — Energy briefs including ExxonMobil’s results call; and GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) appointing Eric Chen as Director of Mineral Resources for the co. NORTH AMERICA US — Darren Woods, chairman and CEO; Kathy Mikells, SVP and CFO; and Stephen Littleton, Investor Relations VP and […]
Petrobras on Albacora and Albacora Leste Divestment
(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]
Equinox Gold Says Production Increasing to 625,000 to 710,000 Ounces of Gold
(Equinox Gold Corp, 25.Jan.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announces 2022 production guidance of 625,000 to 710,000 ounces of gold, increasing from 2021 production of 602,100 ounces of gold. Cost guidance includes cash costs1 of $1,080 to $1,140 per ounce and all-in-sustaining costs1,2 (“AISC”) of $1,330 to $1,415 per ounce of gold sold. Guidance does not include […]
Hess Announces 2022 E&P Capital and Exploratory Budget
(Hess, 25.Jan.2022) — Hess Corporation (NYSE: HES) announced a 2022 Exploration & Production capital and exploratory budget of $2.6bn, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is […]
LongPath Technologies Advances DOE-Funded Methane Mitigation
(LongPath Technologies, 25.Jan.2022) — LongPath Technologies, Inc. is advancing its groundbreaking Basin-SCAN continuous methane monitoring and abatement technology across the Texas and New Mexico Permian Basin oil and gas fields. A year after winning a $5mn US Department of Energy (DOE) award, roughly 180 sq. mi. of the Permian Basin are being monitored […]
Trinidad Reveals Emissions Reduction Plans by 2030
(Trinidad Planning and Development Minister Camille Robinson-Regis, 25.Jan.2022) — It is my pleasure to address you at the Energy Chamber’s Caribbean Sustainable Energy Conference 2022 on the critically important global aspiration of achieving NetZero by 2050. Even as we begin though, I want to take your minds back to Philosophy […]
Caribbean Sustainable Energy Conference: Day 1 Highlights
(Energy Analytics Institute, 24.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from Trinidad’s Energy and Energy Industries Minister Stuart Young, The National Gas Company of Trinidad and Tobago Limited President Mark Loquan, […]
TechnipFMC Awarded Large EPCI Contract by Petrobras for BĂşzios 6 Field
(TecnhipFMC, 24.Jan.2022) — TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its BĂşzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, […]
Harvey Gulf Selects SailPlan to Optimize Fleet Emissions
(SailPlan, 24.Jan.2022) — SailPlan, the maritime cleantech company, announced that Harvey Gulf International Marine, a deepwater marine transportation companies, has entered into a commercial agreement to add SailPlan to its fleet. The company has already seen quantifiable emissions reductions beginning with the Harvey Power, a 310-foot Platform Supply Vessel. The […]
ONGC Videsh Enters Development Stage Offshore Brazil at BM-SEAL-4
(ONGC, 24.Jan.2022) — ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC […]
Forte Minerals Closes IPO; Commences Trading on the CSE
(Forte Minerals, 24.Jan.2022) — Forte Minerals Corp. (CSE:CUAU) completed its initial public offering of 9,583,332 units at a price of $0.30 per unit, which included the exercise in full of an over-allotment option. The offering generated aggregate gross proceeds of $2,874,999.60 pursuant to a final prospectus dated 12 November 2021. A Unit consisted of one […]
bpTT, UWI, and UTT To Advance Carbon Capture and Storage Research
(bpTT, 24.Jan.2022) — bpTT is aiding Trinidad and Tobago’s energy transition through its support for this country’s first Carbon Capture and Storage (CCS) mapping project. bpTT has committed $340,000 to the CCS Storage Atlas project which is jointly led by the University of the West Indies and University of Trinidad […]
NRGBriefs: Steel Dynamics Reports Financial Results
(Energy Analytics Institute, 24.Jan.2022) — Energy briefs including Steel Dynamics, Inc. (NASDAQ/GS: STLD) announcing 4Q:21 and YE:21 financial results; and New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announcing its BODs accepted the resignation of Dr. Mark Cruise as CEO and as BOD w/ New Pacific. NORTH AMERICA US — Steel […]
Astra Begins Trading on TSX Venture Exchange
(Astra, 24.Jan.2022) — Astra Exploration Inc. (TSXV: ASTR) (formerly Momentous Capital Corp.) closed its qualifying transaction and will commence trading on the TSX Venture Exchange (the “TSX-V”) on 26 January 2022 under the symbol “ASTR”. Company Highlights 25,056,753 shares outstanding (13,765,837 subject to escrow agreements) An expert technical team including the […]
Net-Zero Emissions by 2050 a Priority for the Region, Guyana’s President Says
(DPI, 24.Jan.2022) — His Excellency Dr Irfaan Ali today said that reaching Net-Zero emissions by 2050 is essential for the development of the region, but it would only be possible if the global system rectifies its inherent disparities and unevenness. In his keynote address to over 300 participants at the […]
Claire Fitzpatrick at Caribbean Sustainable Energy Conference 2022
(bpTT, 24.Jan.2022) — Opening remarks from Claire Fitzpatrick at the Caribbean Sustainable Energy Conference 2022. Opening remarks Good morning – all protocols observed. bpTT is honoured to continue its support for this conference and we welcome the expanded focus on sustainable energy and the wider Caribbean. When it comes to […]
Colombia inaugurates Isagen’s Guajira I project
PANAMA CITY, PANAMA (Energy Analytics Institute, 21.Jan.2022) — Colombia’s President Iván Duque and the country’s Mines and Energy Minister Diego Mesa finally inaugurated Isagen‘s Guajira I project. Guajira I is the largest wind farm in Colombia and the first built in more than 17 years in the country after JepĂrachi […]
US Extends Citgo Protection
(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since […]
NRGBriefs: CSI Compressco Cash Distribution
(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; and PDVSA’s US refining arm Citgo Petroleum being Venezuela’s most priced int’l asset. NORTH AMERICA US — CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general […]
ExxonMobil, SABIC Start Ops at Gulf Coast Manufacturing Facility
(Exxon, 20.Jan.2022) — ExxonMobil and SABIC announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants. The operation includes a 1.8 million metric ton per year […]
NRGBriefs: Road Blockages in Southern BolĂvar Impacting Oil Production
(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern BolĂvar department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings […]
Solenis Announces Global Diversity Scholarship
(Solenis, 20.Jan.2022) — Solenis, a global producer of specialty chemicals, has launched the Global Diversity Scholarship as one element of a comprehensive diversity, equity and inclusion (DE&I) strategy. The scholarship program will help Solenis attract and retain diverse talent, an important driver of business performance. Solenis knows that a workforce representing a […]
Gold Port Says Drill Rig Fabrication Completed
(Gold Port Corp., 20.Jan.2022) — Gold Port Corporation, (CSE: GPO) (OTCQB: GPOTF) announced that fabrication of a Discovery I Core Rig, by Multi-Power Products Ltd of Kelowna, B.C., has now been completed. The state-of-the-art track mounted rig system along with support equipment and supplies is now being scheduled for delivery to Port […]
Can Trinidad and Tobago Pivot to Survive Evolving Natural Gas and LNG Markets?
(TT Geological Society, 20.Jan.2022) — Natural gas and by extension liquefied natural gas (LNG) have become forerunners in the hydrocarbon industry. The reputation of being a cheap, clean and an abundant fuel source more environmentally friendly than oil and coal has made it quite attractive amid renewable energy alternatives that […]
YPF Spuds Two Wells in Aguada del Chañar
(Energy Analytics Institute, 19.Jan.2022) — Argentina’s state owned YPF combined drilling operations at two wells in late December 2021 in the Aguada del Chañar area. The first well, Adch 1001, has a horizontal branch length of 2,448m and 38 fracture stages. The second well, Adch 1002, has a horizontal branch […]
Inspire Clean Energy to Accelerate a Carbon-Free Future
(Inspire Clean Energy, 19.Jan.2022) — Inspire Clean Energy, a subscription-based clean energy company, has announced a partnership with GivePower, a non-profit organization that provides solar-based solutions to secure food, water and electricity for people in regions that need them most. Through a program called the Brighter World Project, Inspire, together with its members, […]
Bristow to Provide Search and Rescue Services to Netherlands Coastguard
(Bristow, 19.Jan.2022) — Bristow Group Inc. (NYSE: VTOL), the leading global provider of vertical flight solutions, announced that the Netherlands Defence Materiel Organisation (DMO) has awarded Bristow their prestigious contract to provide search and rescue helicopter capacity to the Netherlands Coastguard. The 10-year contract, with two one-year extension options, will commence […]
Petrobras on Potiguar Cluster Divestment
(Petrobras, 19.Jan.2022) — Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara CamarĂŁo refinery, in the state of Rio Grande do Norte, clarifies that, as […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil giant PDVSA revealing its total debt stood at $34.894bn at YE:21. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s President […]
Eco Atlantic Boosts Stake in Exxon Partner Offshore Guyana
(Proactive Investors, 19.Jan.2022) — Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) increased its interest in JHI Associates Inc, a junior explorer offshore Guyana, which is partnered with Exxon in the Canje Block. AIM-quoted Eco bought 800,000 shares, worth around ÂŁ312,000, in JHI by exchanging 1.2mln new Eco shares. It takes Eco’s […]
Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year
(Reuters, 19.Jan.2022) — Ecuador’s state-owned oil company, Petroecuador, is targeting average output of 425,000 barrels of oil equivalent per day (boed) by the end of 2022, manager Italo Cedeno said on Wednesday. Petroecaudor’s production averaged some 380,000 boed until November. It dwindled to a trickle in December after pumping through […]
Frontera Finds Oil at Jandaya-1 Well in Ecuador
(Frontera, 19.Jan.2022) — Frontera Energy Corporation (TSX: FEC) discovered hydrocarbons at the Jandaya-1 exploration well on the Perico block (Frontera 50% W.I. and operator, GeoPark Limited 50% W.I.) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are pleased to announce a discovery at the Jandaya-1 exploration well. Jandaya-1 […]
Lithium Exploration at Cuprite West and Cuprite East
(Australian Goldfields, 19.Jan.2022) — Australian Goldfields Limited (formerly Graphite Energy Corp.) (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) provided an exploration update for the Cuprite East and Cuprite West Projects located in the Pilbara Region of Western Australia. The projects are two separate blocks with E45/4918 (Cuprite East) at 6,936 hectares and E45/5028 (Cuprite […]
Orea Announces $500,000 Private Placement
(Orea Mining, 18.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) announced a non-brokered private placement for gross proceeds of up to CAD$500,000. The Private Placement is for up to 4,166,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea, and a […]
The Caribbean Sustainable Energy Conference (24-26 Jan. 2022)
(The Energy Chamber, 18.Jan.2022) — The Energy Chamber of Trinidad and Tobago first established this conference back in 2017. The conference has since grown in terms of its prominence in the energy landscape in T&T and the wider region. The conference had several iterations of its name, however it will […]
Wintershall to Sell Stakes in Two Argentine Blocks for $140mn
(Offshore Technology, 18.Jan.2022) — Wintershall Dea Argentina has agreed to sell a 50% operated working stake in the unconventional Aguada Federal and Bandurria Norte blocks, in Argentina, to Vista Oil and Gas for $140m. According to the terms of the deal, Vista will pay $90m on or prior to 18 January 2022. The remaining […]
In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
(The New York Times, 18.Jan.2022) — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston who secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company, which is acquiring […]
Ecuador Indigenous Demand Rights to Consent on Extractive Projects
(Reuters, 18.Jan.2022) — Indigenous communities in Ecuador on Tuesday presented hundreds of thousands of signatures to the country’s top court to demand their right to make final decisions on use of ancestral lands they say are threatened by expansion of extractive projects. The indigenous A’i Cofan and Waorani communities, from […]
Brazil Gas Industry Sees Risk on ‘Hasty’ State Laws
(Argus, 18.Jan.2022) — Some of Brazil’s largest natural gas consumers, pipeline companies and oil and gas producers are complaining that new state laws could reduce competition in the gas market. Brazilian association of energy intensive consumers ABRACE, gas transporters’ association Atgas, and Brazil’s oil and gas institute IBP released a […]
Wintershall Dea Awarded Seven New Licences in APA 2021 Round in Norway
(Wintershall Dea, 18.Jan.2022) — Wintershall Dea has been awarded seven exploration licenses in the annual Awards in Predefined Areas (APA) round in Norway, including four as operator. The new awards strengthen Europe’s leading independent gas and oil company’s position on the Norwegian Continental Shelf. “We value the stable APA licensing […]
Wintershall Dea Exits Activities in Brazil
(Wintershall Dea, 17.Jan.2022) — Wintershall Dea decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. The termination of its operations in the country will be made in accordance with all contractual and legal regulations. […]
Wintershall Dea Sells its Shares in Shale Oil Blocks in Argentina
(Wintershall Dea, 17.Jan.2022) — Wintershall Dea Argentina S.A. has reached an agreement with Vista on the sale of its 50% interest including operatorship in the unconventional Aguada Federal and Bandurria Norte blocks in the Argentine province of NeuquĂ©n. Vista had only recently acquired the 50% share of ConocoPhillips in the […]
MPC Energy Solutions Breaks Ground on 2nd Solar Power Plant in Colombia
(MPC Energy Solutions, 17.Jan.2022) — MPC Energy Solutions (MPCES) commenced construction of Parque Solar Los Girasoles, a solar photovoltaic (PV) plant in Colombia that will supply around 23 GWh a year – equivalent to the energy consumption of over 17,000 people. MPC Energy Solutions is investing $11mn to bring Los Girasoles online, and the project is expected to generate […]
Orea Provides Update on Montagne d’Or Gold Deposit Mining Titles
(Orea Mining, 17.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provides an update on the request for a final appeal filed by the French Government on the renewal of the 5-million-ounce Montagne d’Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc. As […]
Petrobras on Sale of Braskem Stake
(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guyana, Irfaan Ali, […]
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Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]
(Energy Analytics Institute, 15.Jan.2022) — Venezuela’s President Nicolás Maduro, during his 15 January 2022 annual address to the nation, said the OPEC country’s oil production goal in 2022 was to reach 2 million barrels per day. Excerpts from his speech follow: Highlights — “In December 2021 we achieved an important […]
NRGBriefs: Fedeunep Calling for Dollarization of Salaries
(Energy Analytics Institute, 15.Jan.2022) — Energy briefs including Chile’s state oil and gas entity ENAP celebrating 66 yrs of operations at the Aconcagua Refinery; construction of Mexico’s Olmeca Refinery progressing according to SENER’s plans; and Fedeunep pushing for the dollarization of salaries in Venezuela. Chile — Since its foundation 66 […]
EP PetroEcuador Continues with Work on Pipeline Bypasses
(Energy Analytics Institute, 15.Jan.2022) — EP PetroEcuador continues with work on a seventh bypass for the Trans-Ecuadorian Oil Pipeline System (SOTE) aimed at protecting the infrastructure and avoiding further stoppages that affect the country’s economy. EP PetroEcuador General Manager ĂŤtalo Cedeño together with company Transportation Manager, Washington Gallegos, and a […]