(Eni, 12.Sep.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni‘s Chief Executive Officer, met in Abu Dhabi today to discuss the progress of the company’s activities in […]
Author: ENERGY ANALYTICS INSTITUTE (EAI)
Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.
Sercel Finalizes Acquisition of ION’s Software Business
(CGG, 12.Sep.2022) — CGG announced that Sercel, its Sensing & Monitoring division, has completed the acquisition of ION Geophysical Corporation’s software business. ION’s software business includes: – Orca: a navigation system dedicated to streamers – Gator: a navigation system dedicated to OBN – Mesa: a set of tools for optimizing […]
Trinidad PM Rowley’s Statement on Chats with Proman, BP & Shell
(Office of the PM of Trinidad and Tobago, 12.Sep.2022) — Ministerial interaction with oil, gas and petrochemical majors (Proman, BP & Shell) based in Europe. Proman – Zurich and DĂĽsseldorf Proman is heavily invested in the oil and gas sector of Trinidad and Tobago in both the upstream and downstream. […]
Petrobras Downplays UFN-III Sale
(Energy Analytics Institute, 9.Sep.2022 — Brazil’s state owned Petrobras said rumors that it’s about to close the divestment process related to Nitrogen Fertilizer Unit III (UFN-III) with Yara Fertilizers were untrue. “As disclosed to the market on 29 August 2022, the project is in the binding phase, and has not […]
Petrobras on Commercial Notes Bookbuilding
(Petrobras, 9.Sep.2022) — Petrobras, in continuation of the notice released on 19 August 2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to […]
US DOE Distributes $13.5mn to Support Hydroelectric Facilities
(US DOE, 9.Sep.2022) — The U.S. Department of Energy (DOE) announced the distribution of $13.5mn in incentive payments to 55 hydroelectric facilities through the Hydroelectric Production Incentive Program. The Hydroelectric Production Incentive Program supports hydropower development by providing funding for electricity generated and sold from dams and other water infrastructure throughout […]
Pattern Closes Financing of Japan’s Largest Offshore Project
(Pattern Energy, 9.Sep.2022) — Pattern Energy Group LP and its affiliate in Japan, Green Power Investment Corporation (GPI), has completed financing and begun full construction of its 112 megawatt (MW) Ishikari Offshore Wind project, located approximately three kilometers from the shore of the Ishikari Bay in Hokkaido, Japan. Ishikari Wind will feature […]
EXMAR Reveals Half-year 2022 Results
(EXMAR, 9.Sep.2022) — The Board of Directors of EXMAR approved the interim accounts for the period ending June 30, 2022. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. ____________________
Equinox Gold Reports on Illegal Blockade, Suspension of Operations at Los Filos Mine
(Energy Analytics Institute, 8.Sep.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announced mining activities at its Los Filos Mine in Mexico have been temporarily suspended due to an illegal blockade by members of the nearby Mezcala community. Equinox said 8 September 2022 in an official statement that the […]
Pemex Acknowledges Releasing Methane Plume
(The Associated Press, 8.Sep.2022) — Mexico’s state-owned Petroleos Mexicanos oil company acknowledged Thursday it released a plume of methane, a potent greenhouse gas, in the Gulf of Mexico late last year, but said it was far smaller than Spanish researchers said. A report published in June by Spanish university researchers in the […]
Petrobras to Maintain Albacora Concession
(Petrobras, 8.Sep.2022) — Petrobras, following up on the release disclosed on 5 November 2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras’ portfolio. The company was negotiating with PetroRio […]
Petrobras on Divestment of Potiguar Basin Exploration Assets
(Petrobras, 8.Sep.2022) — Petrobras, following up on its release from 16 August 2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where […]
Maersk Secures Extension with Shell for Maersk Voyager Drillship
(Maersk Drilling, 8.Sep.2022) — Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract […]
Sempra Declares Common and Preferred Dividends
(Energy Analytics Institute, 7.Sep.2022) — The board of directors of Sempra (NYSE: SRE) (BMV: SRE) declared a $1.145 per share quarterly dividend on the company’s common stock, which is payable 15 October 2022 to common stock shareholders of record at the close of business on 23 September 2022. The board also […]
Bristow Awarded Multi-Year Search and Rescue Contract
(Bristow, 7.Sep.20220 — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, announced an award from Equinor to provide search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway. […]
Park Systems Opens Applications Lab at Northeastern University
(Park Systems, 7.Sep.2022) — Park Systems, a supplier of Atomic Force Microscopes announced the opening of their new Eastern Regional Lab at Northeastern University‘s 14-acre Innovation Campus in Burlington, MA. The new facility is located on Boston’s Route 128 high-tech corridor, 15 miles north of the city in Building V, a new $70mn, mixed-research building with 40,000+ […]
GoGold Reports Additional Positive Drilling at El Favor East
(Energy Analytics Institute, 7.Sep.2022) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) revealed results of 7 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-136 intersected 1.1m of 1,625 g/t silver equivalent (“AgEq”) contained within 47.6m of 147 g/t AgEq, and hole LRGF-22-124 intersected 0.9m of 1,835 g/t AgEq contained […]
Colombia Government, Civil Society Talk Energy Transition
(Fossil Fuel Treaty.Org, 6.Sep.2022) — A unique and historic breakthrough is happening in Colombia where local and international experts, national government, and civil society are coming to the table to discuss Colombia’s energy transition within 15 years. Given the global energy crises and the climate emergency, Colombia’s ambitious plans make […]
Argentina Eyes Record Output from Vaca Muerta
(Reuters, 6.Sep.2022) — Argentina is on track to hit record oil output this year from its massive shale deposits, which are already responsible for record natural gas production, a key local official said on Tuesday, amid a national push to grow domestic energy supplies. Located in western Neuquen province, the […]
Reminder of Expiry of Offer Period: Maersk Drilling
(Maersk Drilling, 5.Sep.2022) — Reference is made to company announcement no. 10/2022 regarding the recommended voluntary public share exchange offer (the “Exchange Offer”) by Noble Corporation plc (“Topco”) to the shareholders of The Drilling Company of 1972 A/S (“Maersk Drilling”) and company announcement no. 11/2022 regarding the offer document setting […]
Petrobras on Chief Digital Transformation, Innovation Officer
(Petrobras, 5.Sep.2022) — Petrobras announced its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the […]
Web Influencers Visit Yangtze River Ecological Conservation
(Chinese Sturgeon Research Institute, 2.Sep.2022) — Recently, the ambassadors to China from Brazil, Georgia, Guatemala, Italy, Mexico, Pakistan, South Korea, Spain, and the United Kingdom, as well as online influencers and journalists from foreign media organizations, visited the Yangtze River Rare Fish Conservation Center (Chinese Sturgeon Research Institute) and the Yangtze River Rare Plant Research Institute in […]
Petronas Expands Strategic Alliance with YPF in Argentina
(Petronas, 1.Sep.2022) — Petronas signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals and clean energy solutions. The MoU was formalised by Petronas President and Group Chief […]
Canadian Solar Awarded Battery Storage Project in Chile
(Canadian Solar, 1.Sep.2022) — Canadian Solar Inc. (NASDAQ: CSIQ) was awarded a 253 MWp solar plus 1,000 MWh battery energy storage project (“Zaldivar Project”) in Chile’s public tender CNE 2022/01 held by Chile’s Energy National Commission (CNE) in July 2022. The CNE awarded a total of 777 GWh/year of new generation backed by three different new […]
CSI Compressco 2021 K-3 Investor Tax Packages Available Online
(CSI Compressco, 1.Sep.2022) — CSI Compressco LP (NASDAQ: CCLP) announced that the Partnership’s 2021 Schedule K-3 investor tax packages reflecting items of international tax relevance are now available online. They may be accessed through CSI Compressco’s website through the Investor Relations K-1 Tax Support link or directly through the K-1 Tax […]
Maverix Bolsters Growth with Purchase of Barrick Gold Portfolio
 (Maverix Metals, 1.Sep.2022) — Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) has acquired a portfolio of 22 royalties from Barrick Gold Corp. for upfront cash consideration of $50mn and contingent consideration of up to $10mn depending on certain events occurring (the “Transaction”). The Royalty Portfolio includes royalties on development, advanced exploration and exploration stage […]
Seadrill Limited (SDRL) – Second Quarter 2022
(Seadrill, 1.Sep.2022) — Seadrill Limited (XOAS: SDRL), a leader in offshore drilling, provides financial results for the three months ended June 30, 2022. 2Q 2022 Highlights Strong operational performance in 2Q 2022, resulting in 98% technical utilization. Total operating revenues of $284mn, operating profit of $25mn and adjusted EBITDA[1] of $75mn, representing 26.4% EBITDA margin. Cash […]
IKAV acquires Aera Energy from Shell and ExxonMobil
(IKAV, 1.Sep.2022) — IKAV, the international asset management group, has agreed to acquire Aera Energy LLC, through two separate transactions with the joint venture subsidiaries of ExxonMobil and Shell respectively. The transactions are subject to regulatory approval. Aera is one of California’s largest oil and gas producers, accounting for nearly 25% of […]
Ryerson Acquires Howard Precision Metals
(Ryerson Holdings Corp., 1.Sep.2022) — Ryerson Holding Corporation (NYSE: RYI), a value-added processor and distributor of industrial metals, announced today its acquisition of Howard Precision Metals, Inc., one of the largest aluminum distributors in the Midwest. Based in Milwaukee, Wisconsin, Howard specializes in value-added processing services including high-quality precision cut aluminum plate and […]
Vizsla Silver Advances ESG Initiatives, Provides Corporation Update
(Vizsla Silver, 1.Sep.2022) —Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) anounced continued progression on its environmental, social and governance (“ESG”) initiatives through a newly formed partnership with MetaVu and Blockhead Technologies who are creating a bespoke ESG reporting platform for all Inventa Capital companies. Vizsla Silver will be the first […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the matter said. Chevron’s authorization request is the California-based company’s latest attempt to have […]
Diamond Offshore Reveals New Contract Offshore Australia
(Energy Analytics Institute, 31.Aug.2022) — Diamond Offshore Drilling, Inc. (NYSE: DO) revealed that Inpex Operations Australia Pty Ltd entered into a new contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia. The contract is expected to start in the fourth quarter of 2023 in direct continuation […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
Aquadrill Announces Charter Hire Agreement for the Vela
(Aquadrill, 31.Aug.2022) — Aquadrill LLC has extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a drilling contract with a minimum duration of 225 days, plus […]
FPSO Brazil Congress 2022 Returns in November!
(FPSO Network c/o Energy Analytics Institute, 31.Aug.2022) — Energy Analytics Institute (EAI) is proud to be a supporting partner for the upcoming FPSO Brazil Congress 2022. This event will be happening from 7-9 November 2022 at Rio Palace Othon, Rio de Janeiro, Brazil. Visit the website: https://www.fpsonetwork.com/events-fpsobrazilcongress As market trends continually evolve, […]
BHP, Caterpillar, and Finning to Replace Haul Truck Fleet in Chile
(Caterpillar, 30.Aug.2022) — BHP Group Limited (NYSE: BHP), Caterpillar Inc. (NYSE: CAT), and Finning International Inc. (TSX: FTT) announced an agreement to replace BHP’s entire haul truck fleet at the Escondida mine, the world’s largest copper producer, located in the Antofagasta Region, northern Chile. This agreement is part of the strategic equipment […]
Houston American Energy Provides Update on Operations in Colombia
(Houston American Energy, 30.Aug.2022) — Houston American Energy Corp. (NYSE American: HUSA) today provided an update with respect to 2022 operations and near term plans on the CPO-11 Block in Colombia. Houston American’s interest in the CPO-11 Block, and wells thereon, is held through our ownership interest in Hupecol Meta, […]
Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture
(Schlumberger, 30.Aug.2022) — Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric […]
![Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/suriname-cover-source-staatsolie.png)
Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]
(Energy Analytics Institute, 29.Aug.2022) — A subsurface Suriname-Guyana Basin-wide concept study was performed incorporating historical well data and highlighting the presence of great quantities of gas resources. These estimated resources are in order of 14 Tcf with a 90% probability, state-owned Staatsolie announced 29 Aug. 2022 in its 2021 annual […]
CGG, PGS and TGS Announce Schlumberger Joining Versal
(CGG, 29.Aug.2022) — CGG, PGS and TGS, industry leaders of multi-client geoscience data, announce that Schlumberger has become a part of Versal, increasing its coverage to the vast majority of the world’s multi-client seismic data. Versal was created by CGG, PGS and TGS in 2020 and launched in 2021 to […]
Important Step to Decarbonise Europe
(Equinor, 29.Aug.2022) — Northern Lights, a JV owned by Equinor, Shell and TotalEnergies, signed the world’s first commercial agreement on cross border CO2 transportation and storage with Yara. This is an important step for the development of large-scale decarbonisation of heavy industries to help meet climate ambitions. Yara and Northern Lights […]
Petrobras: Binding Phase Underway for UFN-III Divestment
(Petrobras, 29.Aug.2022) — Petrobras, following up on the release disclosed on 31 May 2022, informs that the binding phase concerning the full sale of the Nitrogen Fertilizer Unit III (UFN-III) is underway. Potential buyers qualified for this phase, in accordance with the criteria published in the teaser, received a process […]
Sercel Makes Another Major Sale of its Nodal OBN Solution
(CGG, 29.Aug.2022) — CGG announced that Sercel has sold a second batch of 12,000 GPR300 nodes to BGP Inc., following their earlier major order of 18,000 GPR300 nodes in 2021. This represents a significant increase in the seismic survey equipment currently being deployed on a project in the Middle East. […]
Petrobras Comments on Braskem Divestment Process
(Petrobras, 28.Aug.2022) — Petrobras, regarding the news published in the media concerning the Braskem divestment process, reaffirms that its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026. Petrobras informs that it is not conducting any sales […]
Bolsonaro says Petrobras Privatization Possible Next Year
(Reuters, 26.Aug.2022) — President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if the president is re-elected in October. “Sachsida has this idea. I gave him the green light to discuss privatization of […]
Lula’s Plan to Keep Petrobras State-Controlled Is a Mistake, Minister Says
(Bloomberg, 26.Aug.2022) — Luiz Inacio Lula da Silva’s plan to keep Brazil oil giant Petroleo Brasileiro SA as a state-controlled company if elected again is a mistake, according to Energy Minister Adolfo Sachsida. Former president Lula, the front-runner for the October elections, has been promising to reverse years of cost […]
Moody’s Changes Ultrapar’s Outlook to Stable from Negative
(Moody’s, 26.Aug.2022) — Moody’s Investors Service affirmed Ultrapar Participações S.A.‘s Ba1 Corporate Family Rating and the Ba1 rating of the Backed Senior Unsecured Notes issued by Ultrapar International S.A., guaranteed by Ipiranga Produtos de Petroleo S.A. and Ultrapar. The outlook was changed to stable from negative. Affirmations: Issuer: Ultrapar Participacoes […]
Essar Inks $2.4bn Sale Pact with AM/NS for Infra Assets
(Essar, 26.Aug.2022) — In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 Joint Venture partnership, for […]
Mantaro Precious Metals Buys 51% Interest in Golden Hill Property
(Mantaro, 25.Aug.2022) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) has exercised its option to acquire a 51% in the share capital of Minera Golden Hill S.R.L. (“MGH”), which owns the Golden Hill Property, located in Bolivia. In order to exercise its option to acquire an initial 51% of the shares […]
TotalEnergies to Divest 49% Interest in Russian Termokarstovoye Gas Field
(TotalEnergies, 26.Aug.2022) — On 22 March 2022, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia’s military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on […]