![BHP’s Operational Review for the Year Ended 30 June 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/07/220719_opreview_banner.webp)
(BHP, 19.Jul.2022) — BHP provided a detailed operational review for the year ended 30 June 2022. BHP Chief Executive Officer, Mike Henry: “BHP produced a strong fourth quarter to cap off a year of significant progress. Our performance for the year has been underpinned by safe, reliable operations and firm […]
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.
Petrobras’ BODs Validates CELEG Analysis
(Petrobras, 18.Jul.2022) — Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling […]
Guyana Shore Base Inks 11-year Extension Contract with ExxonMobil Guyana
(GYSBI, 18.Jul.2022) — Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has inked an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services. The contract will run […]
PGS on Share Capital Increase
(PGS, 18.Jul.2022) — Reference is made to the stock exchange announcements made by PGS ASA regarding the final results in the subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70. The share capital increase pertaining to the subsequent offering comprising all the new shares […]
Equinor Strengthens Relationship with ASCO with Five-year Contract Extension
(Equinor, 18.Jul.2022) — Global integrated logistics and materials management company, ASCO, has been awarded a five-year contract extension with the Norwegian energy partner to the UK, Equinor. The multi-million-pound contract strengthens the existing long-term collaboration between the two companies. ASCO will provide a fully integrated logistics and materials management solution, […]
3t EnerMech to Provide Exclusive ECITB training in Angola and Guyana
(3t EnerMech, 18.Jul.2022) — 3t EnerMech signed a four-year exclusivity agreement with the Engineering Construction Industry Training Board (ECITB) to become the sole provider of its licenced training in Angola and Guyana. The strategic alliance between 3t Energy Group and EnerMech, will deliver unique ECITB accredited skills programmes through its […]
ExxonMobil Statement Regarding President Biden Letter to Oil Industry
(ExxonMobil, 15.Jul.2022) — ExxonMobil released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. […]
Biden and Abbas Hold Joint Press Event in Bethlehem
(The White House, 15.Jul.2022) — What follows are remarks from a joint press statement by US President Joe Biden and President Abbas of the Palestinian National Authority. PRESIDENT ABBAS: (As interpreted.) Formidable President Biden, we welcome you as a dear guest of Palestine, in the city of Bethlehem, the cradle […]
Remarks by President Biden at East Jerusalem Hospital Network Event
(The White House, 15.2022) — The following are remarks by US President Joe Biden made at an East Jerusalem Hospital network event. THE PRESIDENT: My name is Joe Biden. I am Jill Biden’s husband. (Laughter.) She has been here twice before me. And before I begin, I’d like to say […]
NRGBriefs: Biden’s Middle East Trip, Sasol’s Force Majeure
(Energy Analytics Institute, 14.Jul.2022) — Energy briefs including US President Joe Biden continues meeting with world leaders in the Middle East as part of his tour of the region; and US-based Occidental to host second quarter 2022 conference call on 3 August 2022. MIDDLE EAST Israel — US President Joe […]
Petrobras Extends Deadlines for Sale of Refining, Logistics Assets
(Petrobras, 15.Jul.2022) — Petrobras, following up on the release disclosed on 27 June 2022, has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as […]
LONGi Receives “Top Brand PV 2022” at Solar Power Mexico 2022
(LONGi, 14.Jul.2022) — EUPD Research awarded LONGi the “Top Brand PV 2022” seal for the Mexican, Chilean and Latin American markets. The Chinese brand received this recognition at Solar Power Mexico 2022 held in León, Guanajuato, Mexico. The seal, which recognizes LONGi as a Top brand in the PV module category, […]
Atlantic CEO: Technology and Hybrid Work Key to Future Energy Sector Productivity
(Atlantic LNG, 14.Jul.2022) — Atlantic CEO Ron Adams has pegged technology and hybrid ways of working as crucial to enhanced productivity and competitiveness in the energy sector workplace of the future. Speaking yesterday (July 13) at the “C-Suite Conversations: The Future of Work” conference hosted by the Human Resource Management Association of Trinidad and […]
Putin’s Oil War with the West Comes at His Allies’ Expense
(The New York Times, 12.Jul.2022) — Russia’s use of energy as a weapon in its standoff with the West is redrawing the geopolitical map, but it could strain ties with allies like Iran and Venezuela. As Russia pushes to find new buyers for its oil to skirt ever tougher Western […]
ConocoPhillips and Sempra Infrastructure Ink HOA for LNG Projects
(ConocoPhillips, 14.Jul.2022) — ConocoPhillips (NYSE: COP) today announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), in Jefferson County, Texas. ConocoPhillips has entered into a […]
Petrobras Comments on Manifestation of the Eligibility Committee
(Petrobras, 13.Jul.2022) — Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 7 July 2022, to finalize the analyses of the candidates for the Board of Directors nominated by the controlling shareholder: Mr. Gileno Gurjão Barreto (also nominated as Chairman of the Board); Mr. Edison Antônio […]
Petrobras Announces Expiration Results of Cash Tender Offers
(Petrobras, 13.Jul.2022) — Petróleo Brasileiro S.A. (Petrobras) (NYSE: PBR) announced the expiration and expiration date results of the previously announced cash tender offers (each, an “Offer” and collectively, the “Offers”) by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of (i) its notes of […]
NRGBriefs: Trinidad and Peru and Reduced LNG Exports
(Energy Analytics Institute, 13.Jul.2022) — Energy briefs including Latin American gas producers Trinidad and Tobago and Peru reporting reduced LNG exports to the tune of 3.9 million tons per annum and 1.2 million tons per annum, respectively; and ConocoPhillips (NYSE: COP) posting details related to its second quarter 2022 conference […]
Adjusted Plan for Final Four Hywind Tampen Turbines
(Equinor, 13.Jul.2022) — The seven first Hywind Tampen turbines will come on stream this year as planned. The final four will be installed next spring. Supply chain bottlenecks, most notably related to the global market for steel, preclude delivery of the final four tower sections for the wind turbines until […]
The White House Previews Day Two of Biden’s Middle East Trip
(The White House, 13.Jul.2022) — The following details come from The White House briefing room regarding a background press call previewing day two of the US President Joe Biden’s trip to the Middle East MODERATOR: Good evening, everyone. Apologies for our delay in this, and we appreciate everyone’s flexibility and bearing […]
Equinor Says Gas Leaks on Sleipner Field Stopped
(Equinor, 12.Jul.2022) — A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late […]
BW Energy: 2Q:22 Trading and Financial Update
(BW Energy, 12.Jul.2022) — BW Energy provided an update on the operations and development of the Dussafu Marin license in Gabon. The company will publish financial figures for the second quarter and first half of 2022 on 25 August 2022. Gross production from the Tortue field averaged approximately 10,700 barrels […]
Petrobras Starts Non-binding Phase for UEG Araucária S.A. (UEGA)
(Petrobras, 12.Jul.2022) — Petrobras, following up on the release disclosed on 3 June 2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. Potential buyers qualified for this phase will receive […]
Petrobras Committed to the Practice of Competitive Prices
(Petrobras, 12.Jul.2022) — Petrobras, regarding the news published in the media about its frequency of readjustments in fuel prices, clarifies that, in 2022, it carried out an increase and a reduction in LPG prices, four readjustments in diesel prices and three readjustments in gasoline prices, a frequency lower than that […]
NRGBriefs: EIA Reveals Its Estimates of US LNG Exports between 2022-23
(Energy Analytics Institute, 12.Jul.2022) — Energy briefs including the US-based Energy Information Administration (EIA) revealing estimates of US LNG exports between 2022-2023; and Cheniere Energy, Inc. on its second quarter 2022 conference call with investors and analysts. NORTH AMERICA US — The Energy Information Administration (EIA) estimates US LNG exports […]
Equinor Buys US Energy Storage Developer
(Equinor, 12.Jul.2022) — Equinor signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening our energy offerings in the US. The […]
Guyana Announces National Healthcare Initiative
(Hess, 11.Jul.2022) — His Excellency Dr Irfaan Ali announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana. Working with the Government of Guyana, the […]
NRG briefs: UEG Araucária fact sheet; BW Energy stock trades
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 11.Jul.2022, Words: 250) — Energy briefs including details related to UEG Araucária S.A. (UEGA), a partnership between Petrobras, Copel and Copel Geração e Transmissão. LATIN AMERICA AND THE CARIBBEAN Brazil
YPFB Invoices $160mn for Commercialization of Granulated Urea (Jan.-Jun. 2022)
(Energy Analytics Institute, 11.Jul.2022) — Between January and June 2022, Bolivia’s state owned entity Yacimientos Petroliferos Fiscales Bolivianos (YPFB) invoiced more than $160mn for the commercialization of granulated urea in the internal and external markets. In the six month period YPFB delivered approximately 273,688 metric tons of fertilizer to both […]
Touchstone Announces BODs Changes
(Touchstone, 11.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced the appointments of Dr. Priya Marajh and Jenny Alfandary to our Board of Directors with immediate effect. Dr. Marajh will serve on the Board’s Health, Safety, Social and Environmental (“HSSE”) Committee and Compensation and Governance Committee and Ms. Alfandary will […]
Petrobras Completes DST at Alto de Cabo Frio Central Block
(Petrobras, 11.Jul.2022) — Petrobras, following up on the release disclosed on 1 April 2022, has completed a Drill Stem Test (DST) on the 1-BRSA-1383A-RJS wildcat well (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern portion of the Campos Basin. The new discovery, announced on 1 April, […]
Petrobras Finalizes Gaspetro Divestment
(Petrobras, 11.Jul.2022) — Petrobras, following up on the releases disclosed on 28 July 2021 and 22 June 2022, informs that it has today finalized the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia S.A. The transaction was concluded for R$2.097bn, fully paid on this date. […]
Petrobras Inks $1.25bn Loan Linked to Sustainability
(Petrobras, 11.Jul.2022) — Petrobras signed on 8 July 22 a credit line with sustainability commitments (Sustainability-Linked Loan – SLL) in the amount of $1.25bn and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in […]
President Ali Urges Saudi Arabians to Invest in Guyana
(CMC, 10.Jul.2022) — The President of Guyana, Dr Mohamed Irfaan Ali, has extended an open invitation to investors of the Kingdom of Saudi Arabia, to ‘invest now’, promising that Guyana is ready to remove bureaucratic hurdles. “You are really pushing at open doors,” the president told the visiting team of […]
NRGBriefs: Saudi Delegation in Guyana for Investment Engagement
(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Guyana officials speaking during the opening ceremony for the Saudi Arabia – Guyana Investment Engagement at the Arthur Chung Convention Centre. LATIN AMERICA AND THE CARIBBEAN Guyana — A high-level public and private sector delegation from the Kingdom of Saudi Arabia, led […]
Guyana Ready to Make Investment Decisions with Saudi Arabia
(Energy Analytics Institute, 9.Jul.2022) — Guyana’s President Dr Mohamed Irfaan Ali told a delegation of over 60 representatives from the Kingdom of Saudi Arabia, including Deputy Minister for Investors Outreach, Badr al Badr, that Guyana was ready not to only have conversations but to make investment decisions. Ali, who delivered […]
Guyana: RFP for NGL Plant, 300MW CCGT Power Plant Project
(Guyana’s Ministry of Natural Resources, 8.Jul.2022) — The Ministry of Natural Resources (MNR) invites eligible Consultancy Firms to submit Proposals for Project Management Consultant for the Integrated NGL Plant and 300MW CCGT Power Plant Project. The main objective of this Consultancy is for the Consultant to assist the Government of […]
Petrobras to Host 2Q:22 Results Calls
(Petrobras, 7.Jul.2022) — Petrobras informs that it will release its 2Q22 Production and Sales Report on 21 July 2022 and its 2Q22 Financial Performance Report on 28 July 2022, both after the markets close. On 29 July 2022, two webcasts will be held, the first in Portuguese and the second […]
MAN Technology for Offshore Gas Production in Brazil
(MAN Energy, 7.Jul.2022) — MAN Energy Solutions has received an order to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil. Yinson, a global energy solution provider headquartered in Kuala Lumpur (Malaysia), has commissioned MAN Energy Solutions to provide five centrifugal compressor […]
NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG
(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]
Equinor Invites Analyst to Provide 2Q:22 Estimates
(Equinor, 7.Jul.2022) — Equinor invites analysts with coverage of the company to provide estimates for the second quarter adjusted results. Equinor publishes second quarter 2022 financial results on 27 July. Every quarter ahead of the earnings announcement, Equinor collects earnings and production estimates from the equity analysts covering the company. […]
EP PetroEcuador to import premium diesel from Trafigura
PANAMA CITY, PANAMA (By Editors with Energy Analytics Institute, 7.Jul.2022, Words: 142) — EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022. The transaction will be […]
Trinidad Minister Young Meets with Trinity Exploration Executives
(TT MEEI, 7.Jul.2022) — In keeping with his commitment to meet and engage with energy stakeholders, The Honourable Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister Stuart R. Young M.P along with Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and […]
Petrobras Commences Cash Tender Offers [PDF Download]
(Petrobras, 6.Jul.2022) — Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the […]
S&P Revises Pemex’s Outlook to Stable
(Reuters, 6.Jul.2022) — S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude oil prices are improving Pemex’s credit metrics, although the company’s weak liquidity continues to affect its assessment […]
JinkoSolar Announces up to $200mn Share Repurchase Program
(JinkoSolar, 6.Jul.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its board of directors has approved a share repurchase program, which authorizes the company to repurchase up to $200mn of its ordinary shares represented by American depositary shares (“ADSs”) during an 18-month period. The company’s proposed repurchases may be made […]
NRGBriefs: PDVSA Vassa Closure; IGU’s 2022 World LNG Report
(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release of the International Gas Union (IGU) 2022 World LNG Report. NORTH AMERICA US
Petrobras Entrusts Tenaris with Supply of casing for Buzios Pre-salt Project
(Tenaris, 6.Jul.2022) — Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project. Located in the Pre-salt Santos Basin, Buzios is among the largest deepwater oil and gas fields in the world. Production is expected to reach […]
Touchstone on Cascadura EIA Review Process Update
(Touchstone, 6.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides a further update on the status of the Cascadura Environmental Impact Assessment (“EIA”) in support of an application for a Certificate of Environmental Clearance, which must be approved by the Trinidad and Tobago Environmental Management Authority (“EMA”) to conduct development operations […]
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group
(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]