(Petrobras, 14.Jun.2022) — Petrobras, regarding the news published in the media about expectations of new readjustments in fuel prices, maintains its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate passthrough of external volatility and of the exchange rate caused by circumstantial […]
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 Inks Agreement for Feasibility of Biomethane Production
(Petrobras, 14.Jun.2022) — Petrobras and RaÃzen signed an agreement to jointly evaluate potential businesses involving the production, purchase and sale of biomethane, a 100% renewable fuel produced by RaÃzen from sugarcane waste (vinasse and filter cake), generated in the agro-industrial operations of the company’s Energy Bioparks. The partnership also foresees […]
GoldMining Options The Almaden Property to NevGold for $16.5mn
(GoldMining, 14.Jun.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into an option agreement (the “Option Agreement“) with NevGold Corp. and its subsidiary (“NevGold“; (TSXV: NAU) whereby NevGold’s subsidiary may acquire a 100% interest in the company’s Almaden Project, located in Idaho, U.S.A. The Agreement provides for total cash and/or share consideration to […]
Adani and TotalEnergies to Create World’s Largest Green Hydrogen Ecosystem
(Adani Group, 14.Jun.2022) — Adani, India’s fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The […]
Aker Solutions and Aker BP Secure New, Future-Oriented Offices in Stavanger
(Aker Solutions, 14.Jun.2022) — Aker BP and Aker Solutions signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in Stavanger from 2024/2025. The new office complex will be located seaside near the leaning tower in JÃ¥ttÃ¥vÃ¥gen. The total construction […]
NRGBriefs: Atlas Expands Wind Portfolio in Brazil
(Energy Analytics Institute, 14.Jun.2022) — Energy briefs including Atlas Renewable Energy expanding its wind portfolio by acquiring a project from Voltalia in Brazil; Kootenay Silver (TSXV: KTN) announcing JV operator Aztec Minerals Corp. (TSXV: AZT) has reported the final gold and multi-element results for the Cervantes Project 2021-2022 Reverse Circulation (RC) Phase 2 drill program […]
Atlas Broadens Market Offering With Wind Project in Brazil
(Atlas, 14.Jun.2022) — Atlas Renewable Energy, an international renewable energy generator, acquired a wind project in the Brazilian state of Minas Gerais from the French energy producer and provider Voltalia. The project, named Juramento, will have a generation capacity of 378 MW and will be composed of 63 wind turbines. Juramento […]
Freeport LNG Targets Partial Ops in 90 Days; 100% in Late 2022
(Freeport LNG, 14.Jun.2022) — Freeport LNG Development, L.P. is providing the following update on the June 8 incident at its Quintana Island liquefaction facility: At approximately 11:40AM CT on 8 June 2022, an incident occurred at the Freeport LNG liquefaction plant on Quintana Island, Texas that resulted in the release of LNG, leading to the formation and ignition of a […]
Petrobras Inks Natural Gas Protocol of Intentions
(Petrobras, 13.Jun.2022) — Petrobras and the Sergipe Government signed today a protocol of intentions to identify business opportunities with the use of natural gas, considering the development by the company of a new frontier in Sergipe Deep Waters. The objective of the protocol is to express the purpose of prospecting […]
Establishment of the Business Committee of the Ecopetrol BODs
(Ecopetrol, 13.Jun.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that, given the resignation of Juan Emilio Posada Echeverri from the Board of Directors of the company, the board, in its session on June 9, 2022, approved the new members of the Business Committee, which is formed as follows: BUSINESS COMMITTEE Carlos Gustavo Cano Hernando […]
B2Gold Releases Annual Responsible Mining Report Dubbed Raising the Bar
(B2Gold Corp., 13.Jun.2022) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) published its sixth annual Responsible Mining Report entitled “Raising the Bar” (the “Report”), which details B2Gold’s global economic contributions and its environmental, social, and governance management practices, together with the company’s performance against key indicators in 2021. […]
Sercel Equips New Vessel in South Korea with Marine Acquisition System
(CGG, 13.Jun.2022) — CGG announced today that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader. The contract calls for the supply of a Seal 428 recording system, including Sentinel® streamers, a Nautilus® streamer positioning system, and G-Source II high-performance […]
Shell plc 1Q:22 Euro and GBP Equivalent Dividend Payments
(Shell, 13.Jun.2022) — The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2022 interim dividend, which was announced on May 5, 2022 at US$0.25 per ordinary share. Shareholders have been able to elect to receive their dividends in US […]
Cenovus Buys Outstanding 50% Interest in Sunrise Oil Sands Asset
(Cenovus Energy, 13.Jun.2022) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600mn in cash, a variable payment with a maximum cumulative value of $600mn […]
bp Reshapes Canada Portfolio for Future Growth
(bp, 13.Jun.2022) — bp will increase its acreage position offshore Eastern Canada and sell its 50% non-operated interest in the Sunrise oil sands project in an agreement reached with Calgary-based Cenovus Energy. Total consideration for the transaction includes C$600mn (Canadian dollars) cash, a contingent payment with a maximum aggregate value of […]
APA Corp. Finds Water at Rasper Well in Block 53 Offshore Suriname
(APA Corp., 13.Jun.2022) — APA Corporation (Nasdaq: APA) provided results from recent drilling operations on Suriname Block 53. APA Suriname, the operator, holds a 45% working interest in the block, with Petronas holding a 30% working interest and CEPSA holding a 25% working interest. APA has completed operations on the […]
QatarEnergy Selects TotalEnergies for NFE Expansion Project
(QatarEnergy, 12.Jun.2022) — QatarEnergy has selected TotalEnergies as its first international partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The announcement comes at the conclusion of a competitive process that started in 2019 to select QatarEnergy’s international partners […]
Siemens Gamesa Clocks Deal for Platform in India with Vena Energy
(Siemens Gamesa, 10.Jun.2022) — Siemens Gamesa signed a deal with Vena Energy to supply its industry leading 3.X platform turbines to a 133 MW wind project in Koppal District, Karnataka, India. In total, the company will deliver 37 SG 3.6-145 wind turbines for this project with installation expected during Siemens […]
Petrobras on Injunction to Suspend Bahia Terra Cluster Sale
(Petrobras, 10.Jun.2022) — Petrobras was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the Petrorecôncavo and Eneva consortium regarding the sale process of the onshore production fields located in the […]
PetroEcuador Seeks Partner to Develop Block 6
(Energy Analytics Institute, 9.Jun.2022) — Ecuador’s state-owned EP PetroEcuador is eying a bidding process to select a strategic partner to develop Block 6 in the Gulf of Guayaquil. PetroEcuador is seeking to boost production at the Amistad Field and maximize the recovery factor of its deposits in Block 6, the […]
Petrobras on BODs Meeting About CEO
(Petrobras, 9.Jun.2022) — Petrobras, regarding the news published in the media, clarifies that, yesterday, there was a meeting of the Board of Directors (BD), in which, among other topics, the Federal Government’s request for replacement of the company’s CEO was discussed, through an official letter from the Ministry of Mines […]
Petrobras on Letter from the Ministry of Mines and Energy
(Petrobras, 9.Jun.2022) — Petrobras informs that it received a letter from the Ministry of Mines and Energy today, at 8:04 pm, in reference to Petrobras’ Extraordinary General Meeting, indicating ten candidates of the controlling shareholder for the eight seats to be filled for Petrobras’ Board of Directors, in case the […]
Low-carbon Hydrogen Demand in Refining Could Reach 50 Mtpa by 2050
(WoodMac, 9.Jun.2022) — Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Oil refining is one of the largest markets for hydrogen, accounting for about 32 Mtpa or 30-35% of global […]
Finland’s First FLNG Terminal to be in Fortum’s Inkoo Port
(Fortum, 9.Jun.2022) — Gasgrid Finland and Fortum have signed a Letter of Intent on placing Finland’s first floating LNG terminal vessel Exemplar at Fortum’s Inkoo port. Located on the Southern Coast of Finland, Inkoo provides an optimal deep-water port at close proximity to the pipelines distributing the gas mainly to […]
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NRGBriefs: Suriname Energy Oil & Gas Summit 2022 [Program Attached]
(Energy Analytics Institute, 8.Jun.2022) — Energy briefs including Suriname preparing to host its premier event: 2nd Suriname Energy Oil & Gas Summit to be held 28-30 June 2022 in Paramaribo; and an Energy Analytics Institute (EAI) quick takeaway regarding Trinidad and Tobago using natural gas production to feedstock for the […]
Analysis: Colombia’s Extractive Industries Watching Election Warily
(Reuters, 8.Jun.2022) — Colombia’s leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia’s economy and energy self-sufficiency, high-ranking industry figures and business associations said. Petro, currently a senator, told a […]
Eni to Join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG Expansion
(Reuters, 8.Jun.2022) — Italian producer Eni (ENI.MI) has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp (XOM), TotalEnergies SE (TTEF.PA), Shell (SHEL.L), ConocoPhillips (COP.N) and Eni will participate in the North Field […]
QatarEnergy and Chevron Awarded Early Site Work for RLPP
(QatarEnergy, 8.Jun.2022) — QatarEnergy and Chevron Phillips Chemical Company (CPChem) have announced awarding the early site works contract for the Ras Laffan Petrochemical Project (RLPP), marking the commencement of execution of the RLPP. Consolidated Contractors Company (CCC) has been selected as the contractor to undertake this work and was awarded […]
Shell Launches Residential Power Brand Shell Energy, Enters Texas Market
(Shell, 7.Jun.2022) —Shell announced the launch of the Shell Energy brand into the residential power market in the United States. Through Shell Energy Solutions the company now offers 100% renewable electricity plans to eligible customers in Texas, expanding its portfolio of offerings and giving residential customers access to renewable electricity plans while […]
Why The Oil Bonanza Offshore Guyana Has Global Implications
(Forbes, 7.Jun.2022) — The world’s thirst for crude oil continues to grow, as exemplified by the big, 5.1 million-barrel draw from U.S. crude inventories announced by the Energy Information Administration (EIA) last week. Referring to the current historically high prices for oil and refined products, one analyst, Amrita Sen from Energy Aspects, […]
Orvana Reveals Taguas Project Phase I Infill & Growth Drilling Results
(Orvana, 6.Jun.2022) —Orvana Minerals Corp. (TSX: ORV) announced the recent completion of Phase I of its infill and resource-growth drilling campaign targeting the Oxides Horizon of its 100%-owned Taguas Project in San Juan Province, Argentina. A five-month final Phase II is expected to start in November 2022. Phase I consisted of 6,482.6 meters in […]
T&T Energy Conference Attracts Record Number of Participants
(Energy Chamber, 6.Jun.2022) — From the 31 May to 2 June 2022, the Energy Chamber of Trinidad & Tobago held its first in-person T&T Energy Conference since the onset of the global pandemic in 2020. The event was held as a hybrid event with both in-person and virtual streams and […]
Aspen Aerogels, Inc. Provides Business Update
(Aspen Aerogels, 6.Jun.2022) — Aspen Aerogels, Inc. (NYSE: ASPN) provided an update on recent developments with its business, as well as an update on its financial outlook for fiscal year 2022 as a result of these developments. Recent Developments Increased visibility to expected order volume for 2022 from General Motors and […]
Canadian Solar Sells to SPIC Brasil 70% Stake in 738 MWp Solar Projects
(Canadian Solar, 6.Jun.2022) — Canadian Solar Inc. (NASDAQ: CSIQ) signed an agreement with SPIC Brasil, a leading power generation company in Brazil, to sell 70% stake in the company’s 738 MWp solar projects, Marangatu and Panati-Sitia. The Marangatu and Panati-Sitiá projects, 446 MWp and 292 MWp each in size, are located in […]
US to Allow Venezuelan oil to be Shipped to Europe: Report
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on Sunday reported that Eni SpA and Repsol SA, which are Italian and Spanish respectively, could ship Venezuelan oil to Europe as early as next month […]
US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up for Russian crude, Reuters reported, citing people familiar with the matter. The US State Department gave the two companies the green light to resume shipments in […]
Mexico Closer to Striking a Deal over Major Offshore Oil Find
(Reuters, 3.Jun.2022) — The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on Friday. The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf of […]
Frontera Reveals CFO Transition, Changes To Committee Membership
(Frontera, 3.Jun.2022) — Frontera Energy Corporation (TSX: FEC) announced today that Mr. René Burgos DÃaz, who was until today a director of the company, has been appointed the Chief Financial Officer of the company effective June 3, 2022. He replaces Mr. Alejandro Piñeros, who is stepping down as Chief Financial Officer […]
Petrobras on Divestment of Interest in UEG Araucária S.A.
(Petrobras, 3.Jun.2022) — Petrobras has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential […]
Zacatecas Silver Commences Work at Esperanza Gold Project
(Zacatecas Silver Corp., 3.Jun.2022) — Zacatecas Silver Corp. (TSXV: ZAC) (OTC: ZCTSF) (FSE: 7TV) commenced its work plans to prepare a current resource estimate at the advanced stage Esperanza Gold Project, located in Morelos State, Mexico. Immediate steps to confirm resource estimate include: Extensive verification through sampling at least 10% […]
Canacol Energy Provides May Gas Sales
(Canacol Energy, 3.Jun.2022) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) provided the following information concerning its May 2022 natural gas sales and the results of the Alboka 1 exploration well, along with near term drilling plans. Gas sales averaged 189 MMscfpd for May 2022Realized contractual natural gas sales (which are […]
Mexico Close to Agreement with Talos Energy on Zama Project
(Reuters, 3.Jun.2022) — The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on June 3. The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf […]
GoldHaven Provides Exploration Update on Pat’s Pond
(GoldHaven Resources, 3.Jun.2022) — GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) provides an update on the ongoing exploration activities on Pat’s Pond in the Central Newfoundland Gold Belt (“CNGB”).”We have received our exploration permits for Pat’s Pond and are thrilled to have begun our second exploration campaign on the […]
Norway’s Equinor reveals start of production at Hammerfest LNG
OSLO, NORWAY (By Equinor, 2.Jun.2022, Words: 569) — After extensive repairs and improvement work, Hammerfest LNG is back in production after the fire in September 2020. The first liquified natural gas (LNG) is now on tank at Melkøya. “With the start-up of Hammerfest LNG, we add further volume to the […]
NRGBriefs: SEOGS 2022; Cascadura Separators Ready for Shipment
(Energy Analytics Institute, 2.Jun.2022) — Energy briefs including the upcoming Suriname Energy, Oil & Gas Summit and Exhibition; and Touchstone Exploration preparing to receive the separators for the Cascadura facility that will be shipped from Alberta, Canada to Trinidad and Tobago. LATIN AMERICA AND THE CARIBBEAN Colombia — Celsia intensifies […]
CFE Reveals Early Tender for Previously Announced Cash Tender Offer
(CFE, 2.Jun.2022) — Comisión Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States (Mexico), announced today the early tender results of its previously announced tender offer to purchase for cash its notes of the series set forth in the table below (all […]
Petrobras Launches New Website Dedicated to Fuel Prices
(Petrobras, 1.Jun.2022) — Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the parts involved in the formation of gasoline, diesel and cooking gas (LPG) prices. The new site (precos.petrobras.com.br), in addition to […]
Colombia Higher Court Rules Fracking Pilot Projects Can Go Ahead
(Reuters, 2.Jun.2022) — Investigative fracking operations in Colombia can go ahead after a court in the Andean country’s Santander province on Thursday reversed a lower court’s decision to block two pilot projects. Commercial development of non-conventional energy deposits – such as by hydraulic fracturing, or fracking for hydrocarbons – is […]
Global Energy Upheaval Offers Argentina’s ‘Dead Cow’ a New Lease of Life
(FT, 2.Jun.2022) — Can the EU’s ban this week on most Russian oil imports breathe new life into a dead cow in Patagonia? Argentina’s president Alberto Fernández thinks so. He is talking up the potential of the world’s second-largest shale gas deposit and its fourth-largest shale oil reserve to fill […]
Repsol to Invest €105mn in the Puertollano Industrial Complex
(Repsol, 2.Jun.2022) — Repsol will invest 105mn euros in the Puertollano Industrial Complex to build the first plant in the Iberian Peninsula capable of manufacturing ultra high molecular weight polyethylene (UHMWPE), a material considered a ‘super polymer’ due to its exceptional properties. This new plant will be operational by the […]