(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in three years; APA Corporation updates on Sapakara South-2 appraisal well offshore Suriname; Norfolk Southern paying for all cleanup costs in East Palestine; and more.
— Gold Fields Limited (JSE: GFI) (NYSE: GFI) announced profit attributable to owners of the parent for the year ended 31 Dec. 2022 of US$711mn (US$0.80/shr) v a profit of US$789mn (US$0.89/shr) for the year ended 31 Dec. 2021, the co. announced 23 Feb. 2023 in an official stmt. A final dividend number 97 of 445 SA cents/shr (gross) is payable on 20 Mar. 2023, giving a total dividend for the year ended 31 Dec. 2022 of 745 SA cents/shr.
LATIN AMERICA AND THE CARIBBEAN
— New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced filing of an independent Preliminary Economic Assessment technical rpt for its Silver Sand project located in Potosi, Bolivia, w/ an effective date of 30 Nov. 2022, the co. announced 16 Feb. 2023 in an official stmt.
— Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in connection with local news media reports regarding the resignation of Carlos Gustavo Cano from its BODs, that to date, the co. hasn’t rec’d any such communication to that effect from the director, the Colombian oil giant announced 17 Feb. 2023 in an official stmt.
— HEARD ON THE STREET: The Prosperity FPSO, w/ a production capacity of 220,000 b/d, is expected to depart Singapore soon for Guyana.
— At 6:05am on the 11 Feb. 2022, the first well choke was opened to begin what has been an amazing first yr of operations on the Unity FPSO, ExxonMobil Asset Manager Brian Unietis wrote 12 Feb. 2023 in a LinkedIn post.
— Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission or Comisión Federal de Electricidad (CFE), and Carso Energy, a subsidiary of Grupo Carso, inked a MOU to advance a potential strategic alliance for the joint development of natural gas transportation infrastructure between the states of Sonora and Baja California, Mexico, Sempra announced 14 Feb. 2023 in an official stmt.
RELATED: Sempra Infrastructure Signs Memorandum of Understanding with CFE and Carso to Develop Natural Gas Transportation Infrastructure in Mexico
— Pemex’s senior mgmt will hold a conf. call and simultaneous webcast to discuss its financial and operating results as of 31 Dec. 2022, on: Mon. 27 Feb. 2023. Spanish conf. call at 10am (CDMX or CST) | 11am (EST). English conf. call at 11am (CDMX or CST) | 12pm (EST).
— Seaside LNG acquired he LNG fueling barge Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC, Seaside announced 9 Feb. 2023 in an official stmt.
RELATED: Seaside LNG Announces Acquisition of LNG Bunker Barge Clean Jacksonville from TOTE Maritime Puerto Rico
— APA Corp. (Nasdaq: APA) announced on 8 Feb. 2023 in an official stmt the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery.
Trinidad and Tobago
— Touchstone Exploration said 26 Feb. 2023 in an official stmt that the transfer of the main process equipment has arrived safely at the Cascadura facility in Trinidad and Tobago and has been spotted in place.
— On 8 Dec. 2022 Trinidad’s Ministry of Energy and Energy Industries announced it had reached agreement w/ the Atlantic LNG shareholders, including bp, on substantial commercial terms for the consolidation of its operations into a single entity which is a key milestone towards unlocking the energy future for Trinidad. The new structure is expected to be effective in Oct. 2024 and will enable increased focus on operational efficiency and reliability and underpin future upstream investments, bp announced 7 Feb. 2023 in an official stmt.
Turks and Caicos
— interCaribbean Airways added two aircraft to its fleet and an expanded flight schedule to service Antigua, Barbados, Dominica, Grenada, Guyana, Saint Lucia, Saint Vincent & The Grenadines. Introduction of another Embraer 145 Jet and an ATR42-500 series turboprop, w/ seating capacity of 50 and 48 seats respectively, boosts interCaribbean’s fleet to 5 aircraft servicing the Barbados and Windward Islands’ routes, the co. announced 13 Feb. 2023 in an official stmt.
— Repsol noted 16 Feb. 2023 in an official stmt the improvement of prospects for operations in Venezuela while it said the political and economic situation remains the same. The Spanish co. noted the prospects for the operation have improved as a result of the incipient relaxation of the U.S. govt’s coercive measures against Venezuela.
— Venezuela’s state-owned PDVSA reactivated its first drilling rig after three yrs (since Apr. 2020), the daily Correo del Caroní reported 1 Feb. 2023. Drilling operations at the PDVEN-778 rig, which belongs to the empresa mixta Petromonagas, started in Dec. 2022 and, according to the daily, citing PDVSA President Pedro Rafael Tellechea. Partners in Petromonagas include Corporación Venezolana del Petróleo (CVP) and Russia’s Roszarubezhneft.
— bp‘s 2022 FY:22 and 4Q:22 financial results and update on strategic progress will be released at 7am GMT / 2am EST on Tues. 7 Feb. 2023. The webcast presentation will be hosted at 9am GMT / 4am EST by CEO Bernard Looney; CFO Murray Auchincloss; EVP productions & operations, Gordon Birrell; EVP customers & products, Emma Delaney; EVP gas & low carbon energy, Anja-Isabel Dotzenrath; and EVP trading & shipping, Carol Howle.
— TotalEnergies will host a 2022 results and 2023 objectives presentation on Wed. 8 Feb. 2023. The co. will release a press release at 8:00 am (CET). Later, the co. will hold a webcast from 11am to 12:30pm (CET) to be led by Patrick Pouyanné, TotalEnergies’ Chairman and CEO and Jean-Pierre Sbraire, TotalEnergies’ CFO.
— Aker Horizons‘ CEO Kristian Røkke, CFO Nanna Tollefsen, Asset Development’s CFO Kristoffer Dahlberg and Mainstream’s CEO Mary Quaney will present the main developments in the 4Q:22 at 8:30 CET followed by a Q&A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons’ website: https://akerhorizons.com/investors
— Chevron CEO Mike Wirth on pushback from The White House, CAPEX
— Cheniere Energy Partners, L.P. filed its form 10-K for the year end 2022.
— Norfolk Southern is paying for all cleanup costs in East Palestine, a commitment that was made from the very start, the co. announced 17 Feb. 2022 in a Twitter post. “We aim to meet or exceed regulatory requirements and alleviate the concerns of its residents,” the co. said.
— Noble Corporation plc (CSE: NOBLE, NYSE: NE) plans to report 4Q:22 financial results on Sun. 26 Feb. 2023. Noble will host a conf. call on Mon. 27 Feb. 2023 at 9am CT. Interested parties can dial +1 929-203-0901 and refer to conf. ID 31391 ~15 minutes prior to the scheduled start time.
— Looking fwd to growth: Kosmos Energy expects 3 core development projects, Tortue Phase I, Jubilee Southeast and Winterfell, will collectively help grow production by around 50% by 2024, the Dallas-based co. announced 7 Feb. 2023 in a Twitter post.
— The BODs of APA Corp. (Nasdaq: APA) declared a regular cash dividend on the co.’s common shrs. The dividend is payable 22 May 2023, to stockholders of record on 21 Apr. 2023, at a rate of $0.25/shr on the corp.’s common stock.
By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.