(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 […]
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.
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, […]
YPF 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 […]
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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 Vélez 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 Vélez 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 m³ 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 Belém and Icapuí, jointly called Fazenda Belém 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 Petrolíferos 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$0.45 per share reported for the six months ended 30 […]
Atlantic LNG joins International Association of Oil and Gas Producers
(Trinidad and Tobago Newsday, 4.Aug.2022) — Atlantic LNG joined the International Association of Oil and Gas Producers (IOGP), making it the world’s first large-scale LNG producer to join the association in its history. In a release sent to the media on Wednesday, Atlantic LNG said its membership in the association […]
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Ecopetrol Group Announces 2Q:22 Results [PDF Downloads]
(Ecopetrol, 4.Aug.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group’s financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. Table 1: Financial Summary Income Statement – Ecopetrol Group Billion (COP)2Q 20222Q 2021∆ ($)∆ (%)6M 20226M […]
NRGBriefs: Petrobras on CVM; Morgan Stanley on Ecopetrol; GtE Guyana
HOUSTON, TEXAS (By Energy Analytics Institute, 4.Aug.2022, Words: 346) — Energy briefs including Petrobras receiving an official letter from the Securities and Exchange Commission of Brazil (CVM) answering questions sent by the company’s management concerning the nomination of candidates by the controlling shareholder to the board; and “Ecopetrol shares enjoyed […]
Sempra Reports 2Q:22 Earnings of $559mn
(Sempra, 4.Aug.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced second-quarter 2022 earnings of $559mn, or $1.77 per diluted share, compared to second-quarter 2021 earnings of $424mn, or $1.37 per diluted share. On an adjusted basis, the company’s second-quarter 2022 earnings were $626mn or $1.98 per diluted share, compared to $504mn, or $1.63 per diluted share, in 2021. “At Sempra, we want to help ensure […]
Bristow Completes Acquisition of British International Helicopter Services Limited
(Bristow, 3.Aug.2022) — Bristow Group Inc. (NYSE: VTOL) has completed its acquisition of British International Helicopter Services Limited (“BIH”) effective 2 August 2022, further enhancing its leading global Government Services offering. Bristow will integrate BIH into its U.K. operations, where BIH will adopt the Bristow name and brand throughout its operations. […]
Ecopetrol Reports 2Q:22 Results [PDF Downloads]
(Ecopetrol, 3.Aug.2022) — The Ecopetrol Group‘s figures for the period ending June 2022 mark a new historical milestone for the company, having achieved the best quarterly and half-yearly financial results in our history. During these first six months, the company achieved a net income of COP 17tn, which exceeds the […]
APA Corp. Keeps 2022 Capex Unchanged at $1.725bn
(APA Corporation, 3.Aug.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the second-quarter 2022. APA reported net income attributable to common stock of $926mn, or $2.71 per diluted share. When adjusted for items that impact the comparability of results, most notably a $129mn release of tax […]
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NRGBriefs: Ecopetrol Virtual Press Event [Video w/ Felipe Bayón Pardo]
(Energy Analytics Institute, 3.Aug.2022) — Energy briefs including Colombia’s state-owned oil company Ecopetrol holding a virtual press event. LATIN AMERICA AND THE CARIBBEAN Colombia — Ecopetrol hosted a virtual press event on 3 Aug. 2022 w/ CEO Felipe Bayón Pardo. RELATED STORY: Ecopetrol Group Announces Second Quarter 2022 Results NORTH […]
Gas-to-energy project supports Guyana’s use of its natural resources
HOUSTON, TEXAS (By Hess, 3.Aug.2022, Words: 446) — Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a Gas to Energy project. The project will enable Guyana to shift from the imported heavy fuel oil currently used […]
Colombia Must Meet International Deforestation Targets
(Reuters, 3.Aug.2022) — Colombia must base its conservation targets on international agreements that push for annual deforestation of 100,000 hectares or less by 2025, incoming Environment Minister Susana Muhamad said on Wednesday. Her sector needs new sources of permanent funding, including carbon taxes, said Muhamad, who takes up her post on […]
Doral Energy and H2Pro Ink Deal for 200MW Electrolyzers for Green Hydrogen Projects
(H2Pro, 2.Aug.2022) — H2Pro and Doral Energy announce the signing of a strategic purchase agreement. Doral, as a global renewable energy developer, with 15 GW of renewable assets under development, is planning to execute a large green hydrogen project pipeline worldwide. To support this plan, Doral secured access to 200 […]
Azule Energy Begins Operations in Angola
(Eni, 2.Aug.2022) — bp and Eni confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established. Azule Energy is now Angola’s largest independent equity producer of oil and gas, holding 2 billion barrels equivalent of net resources and growing to […]
Petrobras Announces Commencement of SIP Deal with Petrogal Brasil
(Petrobras, 1.Aug.2022) — Petrobras, following up on the release disclosed on 30 Sep. 2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal’s access to the gas processing units, owned by Petrobras and located in the states of Rio […]
PTTEP Approves Interim Dividend Payment at THB 4.25/share
(PTTEP, 1.Aug.2022) — PTTEP revealed its first-half of 2022 operating results with an increase in average sales volume primarily from Oman Block 61 Project and G1/61 Project. During the period, the company has accelerated the execution of G1/61 Project work plan for raising up gas production rate to ensure national […]
TechnipFMC awarded significant contract for gas-to-energy project in Guyana
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Aug.2022) — TechnipFMC has been awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the gas-to-energy project in Guyana. For TechnipFMC, a significant contract has a value between $75mn-$250mn. The the full contract award will not be included in inbound orders […]
Colombian Oil, Gas Loom Big
(Odessa American, 31.Jul.2022) — As the United States’ fourth-leading oil importer behind Canada, Mexico and Saudi Arabia, Colombia will keep growing in importance as major American oil and natural gas companies develop their interests in the exotic and beautiful South American country. Colombia’s oil history goes all the way back […]
Mexico Oil Refinery Accident Leaves 1 Dead, 1 Missing
(AP, 29.Jul.2022) — A fire at an oil refinery operated by Mexico’s state-owned Petroleos Mexicanos company left one worker dead and another missing Friday. The company, known as Pemex, said the accident occurred early when lightning apparently started a fire at a waste processing tank. A pump truck that was […]
Petrobras on Gas Find Offshore Colombia with Ecopetrol
(Petrobras, 29.Jul.2022) — Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off the coast and 76 kilometers from the city of Santa Marta, in a water depth of approximately 830 meters. The Uchuva-1 well was drilled in […]
Ecopetrol and Petrobras Announce Find at Uchuva-1 Gas Well
(Energy Analytics Institute, 29.Jul.2022) — Colombia’s state-owned oil and gas producer Ecopetrol and its Brazilian counterpart Petrobras announced a natural gas find offshore Colombia’s Caribbean coast at the Uchuva-1 well. The Uchuva-1 well was drilled 32 kilometers off Colombia’s Caribbean coast and some 76 kilometers from the city of Santa […]
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Petrobras Reports Solid 2Q:22 Results [PDF Downloads]
(Petrobras, 29.Jul.2022) — Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, […]