(Petrobras, 26.Jan.2023) — Petrobras, following up on the releases disclosed on 26 January 2023 and 27 April 2022, has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro […]
Year: 2023
Petrobras Approves the Company’s Tax Policy
(Petrobras, 26.Jan.2023) — Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy applicable to the company and its equity holdings. “The Policy reiterates Petrobras’ commitment to ensure that tax management, which covers taxes and […]
Petrobras on Proved Reserves in 2022
(Petrobras, 26.Jan.2023) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to US SEC (Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of 31 December 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this […]
ExxonMobil Moves Forward with Largest Renewable Diesel Facility in Canada
(ExxonMobil, 26.Jan.2023) — ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560mn to move forward with construction of the largest renewable diesel facility in Canada. The project at Imperial’s Strathcona refinery is expected to produce 20,000 barrels of renewable diesel per day primarily from locally sourced feedstocks […]
Imperial to Invest Cdn$720mn in Renewable Diesel Facility
(Imperial, 26.Jan.2023) — Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will further help Canada achieve its net zero goals by investing about Cdn$720mn (USD$560mn) to move forward with construction of the largest renewable diesel facility in the country. Highlights: — Facility expected to produce more than 1 billion liters […]
Chevron Boosts Dividend; Reveals $75bn Stock Repurchase Program
(Chevron, 25.Jan.2023) — The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable 10 March 2023, to all holders of common stock […]
Paul Questions Dragon’s Gas Revenues for T&T
(Trinidad Express, 25.Jan.2023) — Energy expert Anthony Paul is not convinced that T&T has its ducks lined up to deliver the various sub-projects required to bring that gas to shore in T&T. Paul was responding to questions from the Express following Tuesday’s announcement that the US government had carved out […]
Trinidad/Venezuela Dragon Gas Development Update
(Welligence Energy Analytics, 25.Jan.2023) — The U.S. Department of the Treasury has granted a license to the government of T&T to receive gas from the multi-Tcf offshore Dragon gas field in Venezuela. This decision comes just two months after Chevron received the green light to resume operations in Venezuela and leaves the possibility of […]
US Secretary of Energy to Address CERAWeek 6-10 Mar. 2023
(CERAWeek, 25.Jan.2023) — U.S. Secretary of Energy Jennifer M. Granholm will address delegates at the 41st annual CERAWeek by S&P Global, March 6-10 in Houston. Secretary Granholm will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities addressing this year’s conference. “We […]
Halliburton Reports Strong 4Q:22 Results
(Halliburton, 24.Jan.2023) — Halliburton Company (NYSE: HAL) announced today net income of $656mn, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of 2022 of $544mn, or $0.60 per diluted share. Halliburton’s total revenue for the fourth quarter of […]
Rowley Says OFAC Approves Trinidad’s Development of the Dragon Field
(Office of the Prime Minister of Trinidad and Tobago, 24.Jan.2023) — As you all are aware, the United States is our major trading partner and approximately 200,000 of our citizens live in the USA. Against this solid background of friendship and cooperation the Government of Trinidad and Tobago has constantly […]
Petrobras on Divestment of UFN-III
(Petrobras, 24.Jan.2023) — Petrobras, following up on the release disclosed on 29 August 2022, informs that, observing the applicable internal governance, the closing of the competitive process, which was in the binding phase, for the integral sale of the Unidade de Fertilizantes Nitrogenados III (UFN-III) was approved. Petrobras will evaluate […]
US Grants License to Trinidad to Develop Dragon Gas Field
(Reuters, 24.Jan.2023) — The U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, a senior Biden administration official said on Tuesday, marking a further easing of some sanctions on Venezuela. RELATED STORY: PDVSA Initiates Production At Dragon […]
Hess’ 2023 Capex Budget Favors Bakken and Stabroek
(Hess Corporation, 24.Jan.2023) — Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7bn, of which more than 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production […]
Keith Rowley’s Keynote Address at TTEC 2023
(The Office of the PM of Trinidad and Tobago, 23.Jan.2023) — Prime Minister of the Republic of Trinidad and Tobago Dr. Hon. Keith Rowley gave a keynote address at the Trinidad and Tobago Energy Conference 2023 under the theme of “Navigating a Complex Energy Future”. What follows is his address. […]
Petrobras on Receiving Earnout from Atapu
(Petrobras, 23.Jan.2023) — Petrobras, following up on the Material Facts disclosed on 9 April 2021, 13 April and 27 April 2022, informs that it received today, up front, from TotalEnergies EP Brasil Ltda, the amount of R$313mn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related […]
CGX and Frontera Spud Wei-1 Offshore Guyana
(CGX Energy, 23.Jan.2023) — CGX Energy Inc. (TSXV: OYL) operator and joint venture partner with Frontera Energy Corporation in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced the spud of the Wei-1 well, on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana. The Joint Venture […]
T&T Energy Chamber Chair Dookie Gives Opening Address at TTEC
(Energy Chamber, 23.Jan.2023) — Energy Chamber of Trinidad & Tobago Chair Jerome Dookie gives his opening speech at the Trinidad & Tobago Energy Conference 2023 in Port of Spain. Good morning everyone! It gives me great pleasure to welcome you to the Energy Conference and to deliver my first public […]
Eni Prices €2bn Bond, Its First Sustainability-Linked Issuance in Italy
(Eni, 23.Jan.2023) — Eni S.p.A. announces that the gross annual nominal interest rate of its first sustainability-linked bond dedicated to public in Italy has been set at 4.30%. Highlights: — Received orders from over 300,000 investors for over €10bn, compared to €1bn initially offered, then increased to €2bn to meet […]
Peru’s Deadly Protests
(The New York Times, 22.Jan.2023) — President Pedro Castillo borrowed from history when he attempted a coup in Peru. Thirty years ago, another president asserted authoritarian control. But this time, there was a critical difference: As president, Castillo had no support for his coup. The military and the judiciary quickly rejected his […]
Noble Provides Operational and Financial Update
(Noble Corp. 21.Jan.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today provides an operational and financial update for the fourth quarter of 2022 as well as recent operational and contracting highlights and updates on its prior guidance for Adjusted EBITDA for the fourth quarter of 2022. In accordance with […]
Cross Timbers Royalty Trust Declares Jan. Cash Distribution
(Cross Timbers, 20.Jan.2023) — Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.312668 per unit, payable on 14 February 2023, to unitholders of record on 31 January 2023. The following table shows underlying […]
Argentina’s Revival Will Move Global Energy Markets
(LatAm Investor, 20.Jan.2023) — Most international investors keep clear of Argentina. It has an unenviable record of default and expropriations while successive governments seem unable to manage the country’s incredible natural wealth. The return of the controversial Cristina Kirchner – who was Argentina’s first lady then president from 2003 to […]
Oman: TotalEnergies is Rolling Out its Integrated Gas Strategy
(TotalEnergies, 20.Jan.2023) — In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract. […]
Petrobras to Pay 2nd Remuneration Installment to Shareholders
(Petrobras, 19.Jan.2023) — Petrobras, following up on the Material Fact disclosed on 3 November 2022 and Notice to the Market of 18 November 2022 and 13 January 2023, informs that today it will pay the 2 nd installment of the remuneration to shareholders approved by its Board of Directors in […]
TAZIZ and Proman Ink Shareholders Agreement
(ADNOC, 19.Jan.2023) — Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG, one of the world’s leading producers of methanol, have signed a shareholders’ agreement to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi. Highlights: […]
JA Solar Awarded Top Brand PV MENA for 3rd Straight YearÂ
(JA Solar, 18.Jan.2023) — World Future Energy Summit 2023 (WFES) was held from 16-18 January 2023 at the ADNEC, Abu Dhabi, where JA Solar, a globally manufacturer of high-performance PV products, showcased its DeepBlue 3.0, DeepBlue 3.0 Pro and DeepBlue 4.0 X products at booth 8130, attracting the attention of lots […]
APA Corp. Provides 4Q:22 Supplemental Info., Schedules Conf. Call
(APA Corporation, 18.Jan.2023) — APA Corporation (Nasdaq: APA) provided supplemental information regarding certain fourth-quarter 2022 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the fourth-quarter 2022. It is provided to assist investors, analysts and others in […]
Volta to be Acquired by Shell USA, Inc.
(Volta, 18.Jan.2023) — Volta Inc. (NYSE: VLTA) today announced the execution of a definitive merger agreement under which Shell USA Inc., a subsidiary of Shell plc (NYSE: SHEL), will acquire Volta in an all-cash transaction valued at approximately $169mn. The transaction brings Volta’s powerful dual charging and media network to […]
Ecopetrol Launches Tender Offer for its 5.875% Notes Due 2023
(Ecopetrol, 17.Jan.2023) — Ecopetrol S.A. commenced a tender offer for cash (the “Offer“) to purchase up to U.S.$1,000,000,000 in aggregate principal amount (the “Maximum Tender Amount“) of its outstanding 5.875% Senior Notes due 2023 (CUSIP: 279158 AC3 / ISIN: US279158AC30 (the “Notes“). The Offer is being made pursuant to Ecopetrol’s Offer […]
Eviation Announces Order From Aerus For 30 Alice All-Electric Commuter Aircraft
(Eviation, 17.Jan.2023) — Eviation Aircraft, a manufacturer of all-electric aircraft, announced that Aerus, an emerging regional airline in Mexico, has signed a Letter of Intent (LOI) for 30 commuter Alice aircraft. Aerus intends to utilize Alice for middle-mile travel across regions including Nuevo LeĂłn, Tamaulipas, Coahuila and Veracruz, providing historically underserved communities in northern areas of […]
Pan American Silver Reveals Prelim 2022 Production Results
(Pan American, 17.Jan.2023) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) announced its preliminary production results for the fourth quarter (“Q4 2022“) and full year 2022 (“FY 2022“), with FY 2022 results in line with annual guidance. Consolidated silver production in 2022 of 18.5 million ounces was within the revised guidance […]
Petrobras Achieves 2022 Annual Production Target
(Petrobras, 17.Jan.2023) — Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on 24 November 2021 and revised on 14 January 2022, within the considered margin of 4% for more or for less. Total oil and gas […]
Wintershall Dea Confirms It Will Leave Russia
(Wintershall Dea, 17.Jan.2023) — The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia. As a consequence, Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Highlights: Wintershall Dea to deconsolidate Russian segment from financial […]
Wintershall Dea to Exit Russia
(Energy Analytics Institute, 17.Jan.2023) — Wintershall Dea will exit Russia. Wintershall Dea’s supervisory board approved a principle decision by the management board. As a consequence, Wintershall Dea intends to fully leave Russia in an orderly manner complying with all applicable laws and regulations, the company announced 17 Jan.uary2023 on LinkedIn. […]
Bolivian Gas Production to Decline Faster than Expected
(WoodMac, 17.Jan.2023) — Bolivian gas production will decline more rapidly than expected, falling from 1,400 million cubic feet per day (mmcfd) in 2022 to as low as 400 mmcfd by 2030, according to a report from Wood Mackenzie, a Verisk business. “Production in Bolivia has been in a steady decline […]
TotalEneriges Approves FID for Lapa South-West Project
(TotalEnergies, 16.Jan.2023) — TotalEnergies approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil. This development represents an investment of approximately $1bn. TotalEnergies operates the project with a 45% interest, in partnership with Shell (30%) and Repsol […]
![Guyana Budget 2023 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/01/guyana-budget-speech-2023.png)
Guyana Budget 2023 [PDF Download]
(Guyana Ministry of Finance, 16.Jan.2023) — The Budget 2023 is the fourth budget of this People’s Progressive Party/Civic (PPP/C) government formed in August 2020. ____________________
UK on Imports of Fossil Fuels from Russia
(UK Parliament, 16.Jan.2023) — The UK imported no coal or gas from Russia in November 2022. The total value of UK fossil fuel imports from Russia has fallen since Russia launched its full-scale invasion of Ukraine in 2022. It was ÂŁ2.98 billion in the year to November 2022. Russia’s 2022 […]
Qatari Minister Al-Kaabi on “Quest for Energy Transition”
(QatarEnergy, 14.Jan.2023) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said the world can’t solve its environmental and climate change problems without being realistic about the solution. His Excellency’s remarks came during an opening panel discussion of the […]
Riyadh to Host 44th IAEE International Conference 4-9 Feb. 2023
(KAPSARC, 14.Jan.2023) — The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Saudi Association for Energy Economics (SAEE) are proud to host the 44th IAEE International Conference in Riyadh from 4-9 February 2023. For the first time, the IAEE is holding its prestigious annual international conference in the Middle […]
Petrobras on Letter Confirming Jean Paul Terra Prates as CEO
(Petrobras, 13.Jan.2023) — Petrobras, in addition to the material fact of 3 January 2023, informs that it received a letter from the Ministry of Mines and Energy on yesterday’s date, confirming the nomination of Mr. Jean Paul Terra Prates as CEO of Petrobras and a member of the Board of […]
Petrobras on Payment of Compensation to Shareholders
(Petrobras, 13.Jan.2023) — Petrobras informs that will pay on 19 January 2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 3 November 2022 and Notice to the Market of 18 November 2022, based on the shareholding […]
TotalEnergies Delivers FSRU to Lubmin Terminal in Germany
(TotalEnergies, 13.Jan.2023) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place tomorrow, attended by German Federal Chancellor Olaf Scholz. This project, to which […]
Uranium Energy’s Technical Report for Shea Creek Project
(Uranium Energy, 12.Jan.2023) — Uranium Energy Corp (NYSE American: UEC) filed a Technical Report Summary (“TRS”) on EDGAR disclosing updated mineral resources for the company’s Shea Creek Project. UEC indirectly owns 49.0975% of the Project and Orano Canada Resources owns the remainder and is the Project operator. Highlights: This TRS filing […]
Tourmaline Oil Declares Dividend
(Tourmaline, 12.Jan.2023) — Tourmaline Oil Corp. (TSX: TOU) announced a special dividend and provide an operational and 2023 guidance update. SPECIAL DIVIDEND Tourmaline is pleased to announce the declaration of a special dividend of $2.00/share, given the continued strong financial performance and outlook for the Company. The special dividend is part of Tourmaline’s […]
Horizon ‎Petroleum to Create Europe Focused Producer
(Horizon Petroleum, 12.Jan.2023) — Horizon Petroleum Ltd. (TSXV: HPL.H) has entered into a letter of intent dated December 9, 2022 (the “LOI“) with a private European company (the “Vendor“) under which Horizon will acquire all of the outstanding shares of its European oil and gas subsidiary company (“SUB“) (the “Transaction“) through the issuance […]
Oil Price Cap Chips Away at Russia’s Revenue
(Canada’s National Observer, 12.Jan.2023) — A price cap and European Union embargo on most Russian oil have cut into Moscow’s revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the $60-per-barrel cap was “too lenient,” researchers said Wednesday. The combination of the […]
US Surges to Top of LNG Exporter Ranks on Breakneck Growth
(Bloomberg, 12.Jan.2023) — The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel. Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s […]
WoodMac: Key Things to Watch in Global Upstream in 2023
(WoodMac, 12.Jan.2023) — Upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets. But the challenges the industry faces will compound in 2023. Wood Mackenzie, a Verisk business (Nasdaq:VRSK), released the Global upstream: 5 things to look for in 2023 reports today. Key themes to watch for include […]