(Energy Analytics Institute, 17.Aug.2022) — Petrobras received a letter on from the Brazilian Securities and Exchange Commission (CVM) informing that the Collegiate of the CVM decided to reject the request made by the National Association of Petroleum Workers Minority Shareholders of Petrobras (ANAPETRO) to interrupt the advance notice period for […]
Year: 2022
Brazil’s ANP Opens Permanent Bid Round for 11 Offshore Blocks
(Energy Analytics Institute, 17.Aug.2022) — Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) published details 17 August 2022 in the South American country’s Official Gazette (DOU) regarding the timeline for the 1st Permanent Cycle bid round for 11 crude oil and natural gas exploration blocks under a production sharing […]
Touchstone Announces Approval of Cascadura Certificate
(Touchstone, 17.Aug.2022) — Touchstone Exploration Inc. (TSX, LSE:TXP) announced on 16 August 2022 that it received a Certificate of Environmental Clearance (“CEC”) to conduct development operations within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental Management Authority. Touchstone has an 80 percent operating working interest […]
Höegh LNG Partners LP to Host 2Q:22 Results Call
(Energy Analytics Institute, 17.Aug.2022) — Höegh LNG Partners LP (NYSE: HMLP) will release its second quarter 2022 results on Wednesday 24 August 2022 before the market opens and later host a call to present the results at 8:30 a.m. (EST). The results and presentation material are available for download at http://www.hoeghlngpartners.com, […]
LONGi and ACESOL to Promote Solar Energy Development in Chile
(Energy Analytics Institute, 16.Aug.2022) — LONGi, involved in the manufacture of mono-crystalline photovoltaic modules and cells, has joined the network of associates of the Chilean Association of Solar Energy A.C. (ACESOL), to contribute to its mission of promoting the development of solar energy in Chile. With this alliance, LONGi supports […]
Petrobras on the Divestment of Potiguar Basin Exploration Assets
(Petrobras, 16.Aug.2022) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of 40% of its interest in the BM-POT-17 exploratory concessions, in which the Discovery Assessment Plan for the Pitu well is being developed (Blocks POT-M-853 and POT-M-855), and the POT-M-762_R15 concession (Block POT-M-762), […]
Petrobras on Letter Regarding Controlling Shareholder
(Energy Analytics Institutes, 15.Aug.2022) — Petrobras, following up on press statements it distributed on 20 July 2022 and 11 August 2022, says it has received an official letter from Brazil’s Ministry of Mines and Energy (MME) ratifying the nomination by the controlling shareholder of Mr. JĂ´nathas Assunção Salvador Nery de […]
Are Talks Over Detained Americans Slowing the Fight for Democracy in Venezuela?
(CNN, 16.Aug.2022) — A growing number of US citizens are being detained in Venezuela — and though exactly how many is unknown, the detentions could give authoritarian leader Nicolas Maduro leverage in frosty relations with Washington. Since 2019, the US and dozens of other countries around the world have said they do […]
Ecopetrol Inks Electric Energy Commercialization Deal with Gecelca S.A. E.S.P.
(Ecopetrol, 16.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) hereby informs that, on the occasion of its withdrawal from the electric energy commercialization activities, derived from the acquisition of 51.4% of the outstanding shares of InterconexiĂłn ElĂ©ctrica S.A. E.S.P. and in compliance with the energy regulation in Colombia, it entered into an electric […]
NFE and Apollo Complete $2bn LNG Maritime JV
(New Fortress Energy, 15.Aug.2022) — New Fortress Energy Inc. (NASDAQ: NFE) and Apollo (NYSE: APO) have completed the previously announced Joint Venture, establishing a platform which now owns and operates 11 liquefied natural gas (“LNG”) infrastructure vessels consisting of Floating Storage and Regasification assets, Floating Storage vessels and LNG carriers. […]
Barbados Caps Fuel Prices, PM Mottley Says
(Energy Analytics Institute, 15.Aug.2022) — Barbados Prime Minister Mia Amor Mottley has capped fuel prices through January 2023 after earlier reducing the value added tax on electrical usage. “Bajans, I hear and I feel you. I know these are increasingly difficult times for many. It is for that reason my […]
Mexico Plans to be LNG Export Hub with US Gas
(Bloomberg, 15.Aug.2022) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the world’s top exporters of the fuel, and fast. Although natural gas exports from Mexico are today non-existent, seeing as it produces too little of the power-plant […]
Trinidad Imposes 6-month Ban on Scrap Iron Exports
(Trinidad and Tobago Newsday, 15.Aug.2022) — The government has imposed a six-month ban on the export of old and scrap iron to deal with the theft and vandalism of state and private assets. Under the Customs Act, the ban on all scrap metal exportation came into effect on August 12, […]
Petro Rio Reports Temporary Production Hiccup at Frade
(Energy Analytics Institute, 15.Aug.2022) — Petro Rio S.A. (B3: PRIO3) notified its shareholders of a temporary production interruption at the Frade Field due to a variance in the inert gas line at the floating production storage and offloading (FPSO) vessel on location. The shutdown is expected to last 5-7 days, […]
Keppel Wins $2.9bn Newbuild FPSO P-80 Contract from Petrobras
(Keppel Shipyard, 15.Aug.2022) — Keppel Offshore & Marine (Keppel O&M)’s wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a Floating Production, Storage and Offloading vessel (FPSO) for about $2.9bn. Scheduled […]
Petrobras Inks Deal with Keppel for P-80 Platform
(Petrobras, 15.Aug.2022) — Petrobras informs that, as a result of the progress of the development project for the BĂşzios field, in the Santos Basin pre-salt area, it signed a contract with Keppel Shipyard Limited for the construction of platform P-80, the ninth unit to be installed in the field. This […]
Argentina to Send Humanitarian Aid to Cuba after Oil Fire
(Xinhua, 14.Aug.2022) — The Argentinean Foreign Ministry announced on Sunday that three batches of humanitarian aid will be sent to Cuba to alleviate the severe consequences of an oil fire in the Cuban city of Matanzas. The ministry said in a statement that on Monday, the first load of aid, […]
Tethys Oil Updates on July 2022 Production
(Tethys Oil, 12.Aug.2022) — Tethys Oil AB’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in July 2022 amounted to 298,937 barrels of oil, corresponding to 9,643 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil […]
PDVSA Pauses Oil-for-debt Shipments to Europe, Wants Product Swaps
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt […]
Siemens Gamesa Inks new Partnership with Azure Power in India
(Siemens Gamesa, 12.Aug.2022) — Siemens Gamesa has secured its first order in India with Azure Power India Private Limited to supply 96 SG 3.6-145 wind turbines for a 346 MW project in the state of Karnataka. Highlights: The 346 MW contract brings the total order intake for the Siemens Gamesa 3.X platform in India over the 1.4 GW mark, underscoring customer […]
Maersk Awarded Extension with TotalEnergies offshore Denmark
(Maersk, 12.Aug.2022) — TotalEnergies EP Denmark A/S exercised an option to add two months to the accommodation services work scope for the jack-up rig Maersk Interceptor in the Danish North Sea. The contract extension will commence in November 2022, in direct continuation of the rig’s current contract. Two two-month options […]
Ecopetrol Says Colombia Should Pare Back Planned Export Tax
(Bloomberg, 12.Aug.2022) — Colombia’s state-controlled oil producer Ecopetrol SA is proposing to dilute a planned oil export tax that is a major part of President Gustavo Petro’s economic program. Ecopetrol is asking the government, it’s largest shareholder, to raise the reference price for when it starts charging oil export taxes. […]
Pemex Requests $6.5bn More Funding for ‘Dos Bocas’ Refinery
(Reuters, 12.Aug.2022) — Mexico’s state-oil company Pemex requested this week almost $6.5 billion in additional funding from the government to pay for works at the ‘Dos Bocas’ refinery this year, according to a document and two sources familiar with the matter. The additional funding is to cover works not initially included in […]
Colombia Forecasts 2022 Trade with Venezuela Could Hit $1.2 Billion
(Reuters, 12.Aug.2022) — Colombia’s trade with Venezuela could hit $1.2 billion this year, its commerce minister German Umana said on Friday, after the country’s new President Gustavo Petro pledged to revive trading relations with its South American neighbour. Relations broke down in early 2019 after Caracas objected to members of […]
Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels
(Reuters, 12.Aug.2022) — Nigeria’s state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could produce up to 10 billion barrels over the next 20 years. Nigeria, a member of the Organization of Petroleum Exporting […]
Citgo Reports 2Q:22 Net Income of $1.3bn, EBITDA of $1.9bn
(Citgo, 11.Aug.2022) — Citgo Petroleum reported a second quarter net income of $1.29bn and EBITDA of $1.86bn compared to net income of $245mn and EBITDA of $518mn in the first quarter of 2022. Highlights: Reported second quarter net income of $1.29bn and EBITDA 1 of $1.86bn Exceptional health, safety and environmental performance Record-setting refinery utilization and throughput Received two AFPM Safety Achievement awards […]
Citgo Reveals Offer to Acquire up to $286mn of its 2024 Notes
(Citgo, 11.Aug.2022) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase for cash an aggregate principal amount of up to $286.231mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 at a purchase price equal to 100% of the principal amount of the Notes to […]
Petrobras on Letter from the Ministry of Economy
(Petrobras, 11.Aug.2022) — Petrobras, following up on the release disclosed on 20 July 2022, informs that it received a official letter from the Ministry of Economy (ME) today, at 09:25 a.m., ratifying the nomination by the controlling shareholder of Mr. Ricardo Soriano de Alencar for the company’s Board of Directors, […]
YPFÂ Ups Capex Forecast on Inflation, Increased Activity
(Reuters, 11.Aug.2022) — Argentine national oil company YPF is increasing its forecast 2022 capital expenditures by some 10% to $4 billion, on inflationary pressures and above-expected activity, executives said on Thursday. The increase in the second half is partly “the result of better performance than anticipated in the first half,” Chief Financial […]
![NRGBriefs: YPF Produces 504,000 boe/d in 2Q:22 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/argentina-2q22-source-ypf.jpg)
NRGBriefs: YPF Produces 504,000 boe/d in 2Q:22 [PDF Downloads]
(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including Argentina’s state-owned oil and gas producer YPF reporting combined production of 504,000 boe/d in the 2Q:22. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s state-owned oil and gas producer YPF reported production of 504,000 boe/d in the 2Q:22, flat w/ q-o-q but […]
QatarEnergy Awards McDermott FEED Contract for NFS Offshore Pipelines Project
(McDermott, 10.Aug.2022) — McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition to the awards received by McDermott this year for the NFS Jackets and Topsides and Pipelines […]
Shell and Ecopetrol confirm gas province with Gorgon-2 well
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 10.Aug.2022) — Ecopetrol S.A. said the Gorgon-2 well proved the presence of natural gas in ultra-deep waters in the southern Colombian Caribbean. This confirms the importance of this province for gas exploration in this area of the South American country. The well is […]
Bristow Inks Order of up to 55 BETA Technologies ALIA-250 eVTOL Aircraft
(Bristow, 9.Aug.2022) — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, has placed a firm order for five electrically powered vertical take-off and landing ALIA-250 (“ALIA”) aircraft manufactured by electric aviation company BETA Technologies, Inc. Bristow will also have the option to purchase […]
Strohm’s TCP to Support Emergency Response System for Scarborough field
(Strohm, 9.Aug.2022) — Strohm has been contracted to manufacture and deliver two Thermoplastic Composite Pipe (TCP) flowlines to Australia’s largest natural gas producer Woodside Energy Ltd. The technology will form an integral part of the relief well emergency response plans for the well construction phase of the Scarborough field development. […]
Frontera Reveals Preliminary Results of Substantial Issuer Bid
(Frontera, 9.Aug.2022) — Frontera Energy Corporation (TSX: FEC) announces the preliminary results of its substantial issuer bid pursuant to which the company offered to purchase from shareholders for cancellation up to CAD $65mn (equivalent to US$50mn) of its outstanding common shares. The Offer proceeded by way of a “modified Dutch auction” procedure with […]
Devon Energy Reveals Bolt-On Eagle Ford Acquisition
(Devon, 9.Aug.2022) — Devon Energy Corp. (NYSE: DVN) entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8bn. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of […]
NRGBriefs: Petro’s Mines and Energy Minister
(Energy Analytics Institute, 8.Aug.2022) — Energy briefs including the naming of Irene VĂ©lez Torres to serve as Colombia’s new Minister of Mines and Energy under the country’s new President Gustavo Petro. LATIN AMERICA AND THE CARIBBEAN Colombia — Irene VĂ©lez Torres will serve as Colombia’s new Minister of Mines and […]
Touchstone Completes Cascadura EIA in Trinidad
(Touchstone, 8.Aug.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announces that the Trinidad and Tobago Environmental Management Authority (“EMA”) confirmed no further information is required regarding the Cascadura Environmental Impact Assessment (“EIA”). The Cascadura EIA supports the Company’s application for a Certificate of Environmental Clearance (“CEC”) to conduct development operations […]
Ministry Young Visits Maduro to Discuss Energy, Other Matters
(MEEI, 6.Aug.2022) — The Honourable Stuart R Young, M.P., minister of Ministry of Energy and Energy Industries (MEEI) in the Office of the Prime Minister visited Caracas, Venezuela on 5 August, 2022 where he conducted a number of high level meetings with key members of the Bolivarian Republic of Venezuela’s […]
NGC and NewGen Ink HoA for Deepened Hydrogen Partnership
(NGC, 5.Aug.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. On 4 August 2022 both companies signed a non-binding Heads of […]
Petronet Says Dahej Terminal Processed 196 TBTU of LNG in Recent Quarter
(Petronet, 5.Aug.2022) — During the quarter ended 30 June, 2022 (current quarter), Petronet LNG Ltd.,’s Dahej terminal processed 196 TBTU of LNG as against 194 TBTU processed during the corresponding quarter ended 30 June, 2021 and 178 TBTU processed during the previous quarter ended 31 March, 2022. The overall LNG volume processed […]
NRGBriefs: NGC and NewGen; Ecopetrol on Uchuva-1 and Gorgon-2
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Aug.2022) — Energy briefs including The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. LATIN AMERICA AND […]
Eni Acquires Tango FLNG to Export LNG from Congo
(Eni, 5.Aug.2022) — Eni has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII block, in […]
Petronet Delays Plan for 1 mtpa LNG Deal Amid High Prices
(Reuters, 5.Aug.2022) — India’s top gas importer Petronet LNG has pushed back plans for a 1 million tonnes per annum (mtpa) liquefied natural gas (LNG) import deal after a surge in global prices, its head of finance Vinod Kumar Mishra said. “If you go for any long term contract it […]
EXMAR Sells Floating Liquefaction Unit to Eni
(EXMAR, 5.Aug.2022) — EXMAR has signed an agreement with Eni for the sale of the TANGO FLNG. TANGO FLNG floating liquefaction plant, delivered in 2017, has a storage capacity of 16,100 mÂł of LNG (liquefied natural gas) and a liquefaction capacity of up to 0.6 million tons per year. The […]
Petrobras Concludes Divestment of Onshore Fields in Ceará
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 14 August 2020, informs that it has concluded today the sale of all its stakes in the onshore fields of Fazenda BelĂ©m and IcapuĂ, jointly called Fazenda BelĂ©m Cluster, located in the Potiguar Basin, in the state of Ceará […]
Petrobras Inks New Addendum with Bolivia’s YPFB
(Petrobras, 5.Aug.2022) — Petrobras, following up on the release disclosed on 24 May 2022, has celebrated a new addendum to the natural gas purchase contract with Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB). The addendum signed today refers to the commitment profile for deliveries by YPFB of the gas volumes contracted by […]
Tullow: Beebei-Potaro Exploration Well Plugged, Abandoned Offshore Guyana
(Tullow, 5.Aug.2022) — Tullow Oil plc announces that drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled the Beebei-Potaro […]
Gold Fields Ltd. Advises on Headlines EPS
(Gold Fields, 4.Aug.2022) — Gold Fields Limited (JSE,NYSE: GFI) advises that headline earnings per share for the six months ended 30 June 2022 (H1 2022) are expected to range from US$0.56-0.60 per share (US$0.11-0.15 per share higher), which is 24% to 33% higher than the headline earnings of US$0.45 per share reported for the six months ended 30 […]
Atlantic LNG joins International Association of Oil and Gas Producers
(Trinidad and Tobago Newsday, 4.Aug.2022) — Atlantic LNG joined the International Association of Oil and Gas Producers (IOGP), making it the world’s first large-scale LNG producer to join the association in its history. In a release sent to the media on Wednesday, Atlantic LNG said its membership in the association […]