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.

Fact Box: Petrobras’ Growth vs Sustaining CAPEX

  • 0

(Petrobras, 28.Jul.2022) — Petrobras’ growth CAPEX corresponded to 64% of total capex in 2Q:22. Growth CAPEX are those with the primary objective of increasing the capacity of existing assets, deploying new production, offloading, and storage assets, increasing asset efficiency or profitability, and deploying essential infrastructure to enable other growth projects. […]

Petrobras on Shareholder Remuneration Policy

  • 0

(Petrobras, 28.Jul.2022) — Petrobras, following up on the press release disclosed today, informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which […]

Baleine East 1X Successfully Tested in Block CI-802 in Côte d’Ivoire

  • 0

(Eni, 28.Jul.2022) — Eni has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and second discovery on the Baleine structure, offshore Côte d’Ivoire. The excellent results have allowed to increase by around 25% the volumes of hydrocarbons in place of the Baleine Field, which […]

Equinor Announces Dividend in NOK for 2Q:22

  • 0

(Equinor, 27.Jul.2022) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 27 July 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.50 for second quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]

NextDecade Announces 1 MTPA LNG Sale and Purchase Agreement with ExxonMobil

  • 0

(NextDecade, 27.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. Under the SPA, EMLAP will […]

TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn

  • 0

(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]

Hess Corporation Reports 2Q:22 Results [PDF Downloads]

  • 0

(Energy Analytics Institute, 27.Jul.2022) — Hess Corporation (NYSE: HES) reported net income of $667mn, or $2.15/shr common in the 2Q:22 vs a net loss of $73mn, or $0.24/shr common in the 2Q:21. RELATED STORY: Hess Announces Two More Discoveries Offshore Guyana ____________________

Hess Announces Two More Discoveries Offshore Guyana

  • 0

(Hess, 26.Jul.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of […]

Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement

  • 0

(Cheniere, 26.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited (“PTTGL”), a wholly-owned subsidiary of PTT Public Company Limited (“PTT”), Thailand’s largest […]

Global Economic Growth Slows Amid Gloomy Outlook

  • 0

(IMF, 26.Jul.2022) — The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks flagged in our April World Economic Outlook have begun to materialize. Higher-than-expected inflation, especially in the United States and major European […]

Guyana Moves Ahead with Q3 Oil Block Auction

  • 0

(Reuters, 25.Jul.2022) — Guyana’s government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following years of domination by U.S. giant Exxon Mobil (XOM.N) and its partners. As part of his first official trip to Washington, Ali […]

Shell USA and Shell Midstream in Merger Deal Valued at $1.96bn

  • 0

(Shell USA, 25.Jul.2022) — Shell USA, Inc. and Shell Midstream Partners, L.P. (NYSE: SHLX) (“SHLX”) announced they have executed a definitive agreement and plan of merger pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public at $15.85 per Public Common Unit in cash […]

Matson Publishes Sustainability Report for 2021

  • 0

(Matson, 25.Jul.2022) — Matson, Inc. (NYSE: MATX), an U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company’s progress toward achieving its environmental, social and governance goals. “In a year of extraordinary disruption and upheaval in our industry, Matson devoted more attention and resources than ever […]

Reynolds Transitioning to Hybrid and Electric Vehicle Fleet

  • 0

(Reynolds American, 25.Jul.2022) — Reynolds American Inc., the BAT Group‘s U.S. subsidiary, and its companies (Reynolds) is advancing its Environmental, Social & Governance (ESG) goals by transitioning its current 1,800+ vehicle trade and operations fleet to hybrid and electric models. The move will replace aging vehicles on a rolling basis […]

Eni Reports Find in the Berkine North Onshore Basin, Algeria

  • 0

(Eni, 25.Jul.2022) — Eni and SONATRACH announced a further discovery in Sif Fatima II concession, located in the Berkine North Basin in the Algerian desert. The Rhourde Oulad Djemaa Ouest-1 (RODW-1) exploration well, in the Sif Fatima II research perimeter, is the third well in the exploration drilling campaign. It […]

bp on Redemption of $2.85bn of Outstanding Notes

  • 0

(bp, 25.Jul.2022) — BP p.l.c. (NYSE: BP) (LON: BP) announced that its wholly-owned subsidiary BP Capital Markets America Inc. (“BPCMA”) is exercising the option to redeem the total outstanding aggregate principal amounts of the following notes on 24 August 2022 (the “Redemption Date”): BPCMA will redeem the BPCMA 2.750% Notes […]

Production Starts at Ikike Field Offshore Nigeria

  • 0

(TotalEnergies, 25.Jul.2022) — TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria. Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing […]

Aris Gold and GCM Mining Announce Merger

  • 0

(Aris Gold, 25.Jul.2022) — GCM Mining Corp. (GCM) (TSX: GCM) (OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be […]

NRGBriefs: Biden on Gas Prices, Ecopetrol VP Resignation; Train 1 Drama

  • 0

(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including US President Joe Biden commenting on gas prices; Unit Corporation (OTC Pink: UNTC) reporting preliminary and unaudited selected financial and operational highlights for the 3-months ended 30 Jun. 2022; and Mónica Jiménez, VP of Corporate Affairs and Secretary General, resigning her post […]

TotalEnergies Commits to Large-scale Fuel Price Reduction Program

  • 0

(TotalEnergies, 22.Jul.2022) — To meet the expectations of French people affected by the increase in energy prices and the impact on their purchasing power, TotalEnergies is initiating a large-scale fuel price reduction programme for all of its service stations in France, effective until year-end. From 1 September to 1 November, TotalEnergies […]

Schlumberger Announces 2Q:22 Results

  • 0

(Schlumberger, 22.Jul.2022) — Schlumberger Limited (NYSE: SLB) announced results for the second-quarter 2022. Schlumberger CEO Olivier Le Peuch commented, “The second quarter marked a significant inflection point for Schlumberger with a strong acceleration of revenue and earnings growth. Sequentially, revenue grew 14%, by more than $800 million; EPS—excluding charges and […]

Invenergy Launches First Green Hydrogen Project

  • 0

(Invenergy, 22.Jul.2022) — Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, has announced its first green hydrogen project. The 5-acre Sauk Valley Hydrogen project will generate green hydrogen by utilizing power from Invenergy’s co-located solar plant and Ohmium International low-carbon, electrolyzer technology.  “The Invenergy team is incredibly […]

CFE and Sempra Expand Development Deals Related to Infrastructure in Mexico

  • 0

(Sempra, 21.Jul.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced several agreements to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and […]

Bristow Awarded Contract by the Maritime and Coastguard Agency

  • 0

(Bristow, 21.Jul.2022) — Bristow Helicopters Ltd (NYSE: VTOL) has been awarded a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation (“UKSAR2G”) program by the Maritime and Coastguard Agency (MCA), an executive agency of the Department for Transport. Highlights: — New 10-year contract combines existing rotary and fixed wing […]

SBM Offshore Completes $1.75bn Financing of ONE GUYANA

  • 0

(SBM Offshore, 21.Jul.2022) — SBM Offshore has completed the project financing of FPSO ONE GUYANA for a total of $1.75bn. The project financing was secured by a consortium of 15 international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is […]

NRGBriefs: Bristow Inks 1.6bn 10-year Deal

  • 0

(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) terminating its option for the Libanesa Silver-Gold Project in Argentina; Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) […]

NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay

  • 0

(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host a corresponding conference call on 4 Aug. 2022; and Guyana Shore Base Inc. (GYSBI) signing an 11-year extended contract with […]

Heritage Oil Limited Gets New Chief Executive Officer

  • 0

(Heritage Oil Limited, 20.Jul.2022) — Heritage Oil Limited has appointed Adogbeji (Ado) Oseragbaje as its new Chief Executive Office with effect from 14 July 2022. Ado will also lead HOL’s Nigerian operations as Chief Executive Officer of Heritage Energy Operational Services Limited. Ado brings twenty-five years of global leadership experience […]

Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement

  • 0

(Cheniere, 20.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of PetroChina Company Limited. Under the SPA, PetroChina subsidiary PetroChina International Company Limited (PCI) has agreed […]

Equinor Restarts Peregrino Field Production

  • 0

(Equinor, 19.Jul.2022) — Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading […]

Nigeria’s State-owned Energy Firm Begins Commercial Operations

  • 0

(Bloomberg, 19.Jul.2022) — Nigeria’s state-owned energy firm will now operate as a commercial entity without relying on government funding and direct controls, President Muhammadu Buhari said on Tuesday.  The launch of the Nigerian National Petroleum Co. is a “landmark event for the Nigerian oil industry,” Buhari said at a ceremony […]

China’s LNG Imports to See Unprecedented Decline in 2022 

  • 0

(WoodMac, 19.Jul.2022) — China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie a Verisk business (Nasdaq:VRSK). After a solid growth in 2021, China’s gas and LNG demand is expected to slow down […]