![Petrobras Financial Performance in 3Q22 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/petrobras2.jpg)
(Petrobras, 3.Nov.2022) — The message from Petrobras CFO Rodrigo Araujo Alves about the company’s third quarter of 2022 results. Dear shareholders and investors, Once again, I am pleased to share with you the excellent results achieved by Petrobras in the third quarter of 2022. The numbers make clear the value […]
Year: 2022
Colombia Congress Passes Petro Tax Hikes on Oil and the Rich
(Bloomberg, 3.Nov.2022) — Colombia’s president Gustavo Petro chalked up his first big victory in congress with the approval of ambitious tax rises on fossil fuels and the rich. Lawmakers passed a package of taxes Thursday that comes into force from Jan. 1 and that the government expects to generate additional […]
Enel Américas S.A. to File Form 15F with the US SEC
(Enel AmĂ©ricas S.A., 2.Nov.2022) — Enel AmĂ©ricas S.A. intends to file Form 15F with the U.S. Securities and Exchange Commission (SEC) today to voluntarily deregister from Section 12(g) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and terminate its reporting obligations under Section 13(a) and […]
Pan American Silver Extends Silver zone at La Colorada Skarn
(Pan American Silver, 1.Nov.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released results for 45 new infill and exploration drill holes totaling 34,239 metres at the company’s 100% owned La Colorada Skarn project in Zacatecas, Mexico. The results include five new drill holes that further define a zone of high-grade mineralisation […]
MEEI Head Young Meets with Venezuelan Vice Minister
(MEEI, 24.Oct.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met today, Monday 24 October 2022 with Mr. Leonardo Graterol, Vice Minister Gas, Bolivarian Republic of Venezuela on the sidelines of the GECF 24th Ministerial Meeting […]
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to […]
Petrobras on Leniency Agreements
(Petrobras, 1.Nov.2022) — Petrobras informs that it received, over the last quarter, the devolution of about R$439mn, recovered through leniency agreements with Camargo CorrĂŞa, Novonor S.A. (formerly known as Odebrecht S.A.) and SBM, as well as Pedro Barusco’s collaboration agreement. With these devolutions, the total amount of funds transferred to […]
ASCO Names New UK Managing Director
(ASCO, 1.Nov.2022) — ASCO, the global integrated logistics and materials management company, has appointed Mike Pettigrew as its new UK Managing Director following the retirement of his long-serving predecessor, Glenn Hurren. Mike will take up his new role today (1 November) while Glenn will officially retire in February 2023. Having […]
NGC on Reporting Under the Oil and Gas Methane Partnership
(NGC, 31.Oct.2022) — The concerted efforts of The National Gas Company of Trinidad and Tobago Limited (NGC) to address and report on methane emissions from its business, have led to the company’s achievement of Gold Standard status of reporting under the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0). This […]
Petrobras on Coparticipated Area of SĂ©pia
(Petrobras, 31.Oct.2022) — Petrobras confirms a discovery of oil in the Coparticipated Area of SĂ©pia with the drilling of well 4-BRSA-1386D-RJS, in the northwestern part of the field. The well is located 250 km south of the city of Rio de Janeiro, under a water depth of 2197 meters, and […]
Energy Analytics Institute’s NRGBriefs: October 2022
(Energy Analytics Institute, 31.Oct.2022) — Energy briefs as well as others related to finance and politics during October 2022 including US President Joe Biden congratulating Luiz Inácio Lula da Silva on his election victory in Brazil over Jair Bolsonaro; Equinor inviting analyst to provide estimate for the third quarter of […]
![Exmar Reports 3Q:22 Results, Updates on Operations [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/10/tango-flng-source-1-exmar.jpg)
Exmar Reports 3Q:22 Results, Updates on Operations [PDF Download]
(Energy Analytics Institute, 27.Oct.2022) — Exmar reported revenue (including intersegment revenue) during the nine months of 2022 was $6.5mn higher than in the same period of 2021 mainly due to the entry of the VLGC’s in the fleet, partly offset by the unemployment of the LNG-carrier EXCALIBUR. ____________________ By Aaron […]
QatarEnergy and ExxonMobil to Independently Market Golden Pass LNG
(ExxonMobil, 27.Oct.2022) — QatarEnergy and ExxonMobil agreed to independently market LNG produced at their joint venture Golden Pass LNG Terminal in Sabine Pass, Texas. By leveraging their unique customer insights, QatarEnergy and ExxonMobil will better serve their downstream customers while meeting increased global demand. Highlights: ExxonMobil will market 30% of […]
MODEC on Development of Methane Hydrate Harvesting Technology
(MODEC, 27.Oct.2022) — MODEC, Inc. President & CEO: Takeshi Kanamori has been participating in the elemental technology development related to the development of shallow methane hydrate harvesting technology conducted by the National Institute of Advanced Industrial Science and Technology (“AIST”) commissioned by the Agency for Natural Resources and Energy, Ministry […]
Who’s to Blame for Exorbitant Natural Gas Prices in Europe?
(Baker Institute, 26.Oct.2022) — Prices of natural gas in Europe have skyrocketed to levels scarcely seen before 2021. European governments, especially those soon up for reelection, are understandably concerned about the future. That future is undermined by the economic hardship being caused by high energy prices. Not surprisingly, there is […]
ExxonMobil Reveals Two New Guyana Finds
(ExxonMobil, 26.Oct.2022) — ExxonMobil announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a […]
Hess Reports Estimated 3Q:22 Results
(Hess, 26.Oct.2022) — Hess Corporation (NYSE: HES) reported net income of $515mn, or $1.67 per common share, in the third quarter of 2022, compared with net income of $115mn, or $0.37 per common share, in the third quarter of 2021. On an adjusted basis, the corporation had net income of […]
Hess Announces Two More Discoveries Offshore Guyana
(Hess, 26.Oct.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of […]
U.N. Could Administer Over $3bn in Funds to Aid Venezuela
(Reuters, 25.Oct.2022) — Top officials from the U.S. State and Treasury departments are discussing proposals for a fund that could release over $3 billion to provide humanitarian aid to Venezuelans through the United Nations, according to nine people close to the talks. The proposals offer a potential way to revive […]
Rishi Sunak’s First Speech as Prime Minister of the UK
(UK Prime Minister’s Office, 25.Oct.2022) — Rishi Sunak gave his first speech as Prime Minister in Downing Street. Good morning, I have just been to Buckingham Palace and accepted His Majesty The King’s invitation to form a government in his name. It is only right to explain why I am […]
Govt Policies Needed to Debunk Misconceptions: KAPSARC Head Says
(KAPSARC, 25.Oct.2022) — Renewable energy costs will not be cheaper anytime soon, cautioned Fahad Alajlan, President of Riyadh-based advisory think tank, the King Abdullah Petroleum Studies and Research Center (KAPSARC), at the fifteenth Singapore International Energy Week (SIEW). Speaking during the panel session, “Mobilising Greener Financing for Energy Infrastructure,” on 25 […]
Schlumberger Becomes SLB, a Technology Company
(Schlumberger, 24.Oct.2022) — Schlumberger (NYSE: SLB) announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and […]
Wintershall Dea Expands Presence in Mexico
(Wintershall Dea, 24.Oct.2022) — Wintershall Dea signed an agreement with Hokchi Energy, the Mexican subsidiary of Pan American Energy, to acquire a 37% non-operated participating interest in the Hokchi Block, with a conditional option to increase its participation up to 40% at a later stage. Wintershall Dea is thus expanding […]
Washington Eyes Oil Deal with Maduro Regime: Rystad Energy
(Rystad, 24.Oct.2022) — As the supply side of the oil business continues to tighten globally, calls within the US to ease sanctions on what was once one of Latin America’s largest oil producers continue to gain traction. The Biden administration has been putting out smoke signals to the wider market […]
Ecopetrol’s Board of Directors Appointment
(Ecopetrol, 24.Oct.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that at the extraordinary General Shareholder’s Meeting held on 24 October 2022, its Board of Directors was appointed as follows: Non-Independent Representatives: MĂłnica de Greiff Lindo Gonzalo Hernández JimĂ©nez Independent Representatives: Gabriel Mauricio Cabrera Galvis Carlos Gustavo Cano Sanz SaĂşl Kattan Cohen Sandra […]
![Petrobras Highlights 3Q:22 Production and Sales [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/10/brazil-3q22-rpt-source-petrobras.png)
Petrobras Highlights 3Q:22 Production and Sales [PDF Download]
(Petrobras, 24.Oct.2022) — In 3Q22, Petrobras said it kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes […]
Schlumberger Reveals 3Q:22 Operating, Financial Results
(Schlumberger, 21.Oct.2022) — Schlumberger Limited (NYSE: SLB) announced results for the third-quarter 2022. ____________________
Petrobras on Divestment of Onshore Fiber Optic Network
(Petrobras, 21.Oct.2022) — Petrobras, following up on the release disclosed on 30 September 2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in […]
Fuel Tanker Crash Sparks Huge Blaze in Mexico
(Reuters, 21.Oct.2022) — A dozen people were rescued from burning homes after a tanker truck crashed into a railway overpass in the central town of Aguascalientes A huge blaze erupted in central Mexico after a fuel tanker truck crashed into an overpass by a rail line, scorching homes, engulfing the area in […]
ExxonMobil to Divest Billings Refinery to Par Pacific Holdings
(ExxonMobil, 20.Oct.2022) — ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington. –Sale includes refinery, associated pipelines and product terminals –Exxon- and Mobil-branded service stations network supplied through long-term brand agreement The […]
Borr Drilling reveals new 3-year contracts for drilling rigs in Mexico
(Editors at Energy Analytics Institute, 20.Oct.2022) — Borr Drilling Limited announced its joint venture (JV) company in Mexico Perfomex entered into new contracts for the company’s 5 premium jack-up rigs “Galar”, “Gersemi”, “Grid”, “Njord” and “Odin” with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V., providers of integrated well services to state-owned Pemex. The contracts are effective from […]
UK Prime Minister Liz Truss Resigns
(UK Office of the Prime Minister, 20.Oct.2022) — Prime Minister Liz Truss gave a statement in Downing Street on 20 October 2022. I came into office at a time of great economic and international instability. Families and businesses were worried about how to pay their bills. Putin’s illegal war in […]
Liz Truss Believed in Markets, but the Markets Did Not Believe in Her
(The New York Times, 19.Oct.2022) — The world has just witnessed one of the most extraordinary political immolations of recent times. Animated by faith in a fantasy version of the free market, Prime Minister Liz Truss of Britain set off a sequence of events that has forced her to fire […]
TotalEnergies Announces Startup of Al Kharsaah (800 MWp)
(QatarEnergy, 18.Oct.2022) —The Al Kharsaah solar power plant developed by TotalEnergies and its partners QatarEnergy, and Marubeni was inaugurated today by His Highness Sheikh Tamim bin Hamad Al Thani. The ceremony marked the completion of the construction works and the startup of the plant, which is now connected to the […]
Wintershall Dea and HES Wilhelmshaven to Develop a CO2 Hub
(Wintershall Dea, 18.Oct.2022) — Wintershall Dea and HES Wilhelmshaven Tank Terminal signed a MoU to jointly develop CO2nnectNow, a CO2 hub at HES Wilhelmshaven Tank Terminal. Highlights: Wintershall Dea and HES Wilhelmshaven Tank Terminal have signed a Memorandum of Understanding (MoU) to jointly develop a CO2 hub: CO2nnectNowResults of a feasibility study are expected […]
Dozens of LNG-laden Ships Queue off Europe’s Coasts Unable to Unload
(Reuters, 17.Oct.2022) — Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply […]
Schlumberger and RTI to Accelerate Carbon Capture Technology
(Schlumberger, 17.Oct.2022) — Schlumberger entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. The NAS technology will be applicable to capture CO2 across a broad variety of industrial […]
Uranium Energy Completes Acquisition of Uranium Project From Rio Tinto
(Uranium Energy, 17.Oct.2022) — Uranium Energy Corp (NYSE American: UEC) completed its previously announced acquisition of the Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada (the “Transaction”) from a subsidiary of Rio Tinto plc. Under the terms of the Transaction, Rio Tinto has now received $80mn […]
Gold Port Corporation on New Drill Target in Guyana
(Gold Port Corporation, 17.Oct.2022) — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) provided a technical update on the Groete Gold Copper Project, located in Guyana, South America. The Groete Gold Copper Project is currently defined by 22 historical drill holes, with both gold and copper mineralization. The known gold portion of the deposit is […]
2022 Default Tally Inches Past Year-To-Date 2021
(S&P Global Ratings, 17.Oct.2022) — After a slow start to the year, the global corporate default tally reached 61 in 2022–one higher than in year-to-date 2021, said S&P Global Ratings in its article published today, “2022 Defaults Inch Past Year-To-Date 2021 Tally As Credit Conditions Worsen.” We can expect the […]
Enhancing the US-UK Sanctions Partnership
(US Treasury, 17.Oct.2022) — As Directors of two of the world’s leading financial sanctions implementation authorities, we are committed to our close working relationship. As a testament to this ongoing commitment, on Thursday, 13 October 2022, OFAC and OFSI concluded a multi-day technical exchange in London between our two offices. […]
Iran Starts Refining its Oil in Venezuela: Minister
(Xinhua, 17.Oct.2022) — Iranian Petroleum Minister Javad Owji said on Sunday that Iran has started refining its crude oil in Venezuela, SHANA news agency affiliated to his ministry reported. Iran had started processing some 100,000 barrels per day of its crude in Venezuela’s El Palito refinery, Owji was quoted by […]
Guyana Opens Tender for its First Oil Refinery
(Reuters, 17.Oct.2022) — Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production. Construction work on the facility, to be located on public land near the Berbice river, is […]
Gold Port on Higher Grade Gold Zone New Drill Target
(Gold Port Corp. 17.Oct.2022) — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) provided a technical update on the Groete Gold Copper Project located in Guyana, South America. The Groete Gold Copper Project is currently defined by 22 historical drill holes, with both gold and copper mineralization. The known gold portion of the deposit is […]
Grey, Blue, Green Hydrogen: Colours to cut Trinidad’s Carbon Emissions
(Trinidad and Tobago Newsday, 16.Oct.2022) — This is part two of a Climate Tracker inquiry into Trinidad and Tobago’s energy transition. The first article was published on October 9. To date, this country produces grey hydrogen, which is hydrogen created from natural gas. Sunday Newsday spoke to Dr Vernon Paltoo, […]
Qatargas-chartered-Q-Flex LNG Vessel Calls at China’s Beihai LNG Terminal
(Qatargas, 16.Oct.2022) — Qatargas Operating Company Limited has delivered a liquefied natural gas (LNG) cargo aboard a Q-Flex vessel to China’s Beihai LNG Terminal, the first ever call by a Qatargas-chartered vessel at this terminal. The Q-Flex vessel, Al Sahla, is the largest LNG carrier to call at the terminal […]
Interoil Releases Sep. 2022 Production Report (Argentina / Colombia)
(InterOil, 14.Oct.2022) — In September 2022, the average daily operated production from fields in Argentina and Colombia combined increased by 32 boepd representing one percent against the month of August. Most of this increment comes from the Argentina operation, +71 boepd, whereas the Colombia operation decreased by 40 boepd as […]
Petrobras to Host 3Q:22 Webcasts
(Petrobras, 14.Oct.2022) — On 4 November 2022, two webcasts will be held, the first in Portuguese and the second in English, to present Petrobras‘ results for the third quarter of 2022. Petrobras will use the Microsoft Teams tool (link below) for the event. 4 Nov. 2022 (Friday)Webcast – PortugueseWebcast – […]
Petrobras on Divestment of Petrobras Operaciones S.A.
(Petrobras, 14.Oct.2022) — Petrobras has started the opportunity disclosure stage (teaser), regarding the sale of 100% of its stake in Petrobras Operaciones S.A. (POSA), Petrobras’ wholly owned subsidiary in Argentina, which holds a 33.6% stake in the Rio NeuquĂ©n Field. The teaser, which contains the key information about the opportunity, […]
NGC and bpTT Ink Collaboration Deal to Explore Energy Sector Synergies
(NGC, 13.Oct.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and bp Trinidad and Tobago (bpTT) signed a collaboration agreement to explore opportunities for cooperation in several focus areas of mutual interest within the energy industry. The agreement, which was signed on 12 October 2022, serves to strengthen […]