(Ecopetrol, 1.Jun.2022) — In connection with the convening of an Extraordinary Shareholders’ Meeting of Ecopetrol S.A. requested by the majority shareholder (the Ministry of Finance and Public Credit of Colombia, or the “Nation”), for the purpose of submitting a proposed modification to the company’s occasional reserve and its subsequent distribution as […]
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.
Stuart Young Presents Trinidad and Tobago’s Energy Vision at TTEC 2022
(MEEI, 1.Jun.2022) — Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) head Stuart Young presents the government’s vision for the oil and gas industry for the country at the Trinidad and Tobago Energy Conference in Port of Spain with the focus on the sustainability of the gas industry, […]
Fact Box: Qatar’s North Field
(Qatargas, 1.Jun.2022) — In 1971, when exploration engineers discovered natural gas off Qatar’s northeast coast, no one knew quite how important the find was. Only after 15 appraisal wells had been drilled over a period of 14 years was it established that Qatar’s North Field was the largest non-associated natural […]
NRGBriefs: Vista’s Sustainability Report; Excelerate CEO on LNG Market
(Energy Analytics Institute, 31.May.2022) — Energy briefs including Vista Oil & Gas revealing its 2021 sustainability report; and Excelerate Energy President & CEO Steven Kobos commenting on the red hot LNG market amid the current geopolitical mess in Europe. LATIN AMERICA AND THE CARIBBEAN Argentina — Vista Oil & Gas […]
Petrobras Reveals Teaser for UFN III Divestment
(Petrobras, 31.May.2022) — Petrobras, following up on the release disclosed on 04/28/2022, informs it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit III (UFN-III). The teaser, which contains key information about the opportunity – including the provision for the buyer to commit […]
Eni and Ansaldo Energia to Develop Solutions for Electricity Storage
(Eni, 31.May.2022) — Eni and Ansaldo Energia, two international players in the energy transition space and long-standing partners, have signed an agreement to develop projects based on innovative technological solutions for electricity storage as an alternative to electrochemical batteries. Under the terms of the agreement, these technologies, which are being […]
Trinidad PM Keith Rowley Gives Keynote Address at TTEC 2022
(OPMTT, 31.May.2022) — Trinidad and Tobago’s Prime Minister Dr the Honourable Keith Rowley gave the keynote speech at the Trinidad and Tobago Energy Conference (TTEC) 2022 held at the Port of Spain Hyatt Regency. What follows is his speech titled “Leveraging the industry’s strengths for the energy transition.” A very […]
Shell to Develop Crux Project in Western Australia
(Shell, 30.May.2022) — Shell Australia Pty Ltd and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied […]
PSA Announces Private Placement of New Shares
(PSA, 31.May.2022) — Petroleum Geo-Services (PGS) ASA announced on a successfully placed private placement of 216,216,216 new shares in the company, raising gross proceeds of approximately NOK 800mn. The private placement consisted of one tranche of 74,200,000 new shares and a second tranche of 142,016,216 new shares, allocated among applicants […]
US Can Offer ‘Comfort Letters’ to Help Russia Grain, Fertilizer Exports
(Reuters, 31.May.2022) — The United States is prepared to give “comfort letters” to shipping and insurance companies to help facilitate exports of Russian grain and fertilizer, U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, said on Tuesday. She noted that Russian grain and fertilizer were not under U.S. sanctions but […]
Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles
(Reuters, 31.May.2022) — As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe’s move to become independent from Russian gas, Latin America’s only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis […]
NGC and NewGen Energy Limited Sign LOI
(NGC, 31.May.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a non-binding Letter of Intent (LOI) with NewGen Energy Limited, which expresses its intention to work collaboratively with NewGen to evaluate the development of NewGen’s hydrogen production facility. Subject to the commercial feasibility of this low-carbon […]
Dwight Mahabir at the Opening Ceremony of the TTEC 2022
(The Energy Chamber, 31.May.2022) — What follows is Chairman Dwight Mahabir’s address at the opening ceremony of the TTEC 2022 in Port of Spain, Trinidad and Tobago. Ladies and Gentlemen: It is great to be back here in person at the T&T Energy Conference. The past two and a half […]
Cenovus and Partners Agree to Restart of West White Rose Project
(Cenovus Energy, 31.May.2022) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador. First oil from the platform is anticipated in the first half of 2026, with peak production anticipated to reach approximately 80,000 barrels per […]
Strike Energy Eyes West Erregulla-3 Re-entry
(Strike Energy, 31.May.2022) — Strike Energy Limited (Strike – ASX: STX) provided an update on the appraisal drilling activities at the West Erregulla gas field on behalf of the EP469 JV. Strike has mobilised the Ensign 970 to the existing WE3 well site and has completed rig up in preparation […]
Siemens Gamesa and Greenalia Push Energy Transition in Spain
(Siemens, 30.May.2022) — Siemens Gamesa and independent power producer Greenalia will install a hat-trick of wind farms in the province of A Coruña, northwest of Spain, for a total capacity of 110MW. The three wind farms will be equipped with 22 SG 5.0-145 turbines, one of the company’s most powerful […]
TotalEnergies Welcomes Start-Ups to its Electricity Start-Up Accelerator
(TotalEnergies, 30.May.2022) — During the inauguration of TotalEnergies On – TotalEnergies‘ start-up accelerator at the world’s largest start-up campus, STATION F in Paris – Patrick PouyannĂ©, Chairman and Chief Executive Officer of TotalEnergies, and Xavier Niel, founder of STATION F, welcomed the first 10 start-ups to the accelerator program dedicated […]
PDVSA Extends Diesel Sales in Dollars, Cutting Subsidy
(Reuters, 30.May.2022) — Venezuela’s state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers and public transportation drivers to fill their tanks almost for free, according to documents and sources. Venezuela had set a diesel retail price of $0.50 […]
Brazil Looks to Add Petrobras to Investment Partnership Program
(Petrobras, 30.May.2022) — Petrobras received a letter on 30 May 2022 from the Ministry of Mines and Energy notifying that it has forwarded to the Ministry of Economy (ME) request for qualification of the company under the Investment Partnership Program, linked to the ME, in order to start specific evaluation […]
Shell Sanctions Crux Gas ProjectÂ
(WoodMac, 30.May.2022) — Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.  Wood Mackenzie research analyst Michael Song said: “The development is expected to cost US$2.5bn, and will produce 1.6 tcf gas, 60 mmbbl of condensate and 40 mmbbl of LPG. Crux will be produced […]
NRGBriefs: Petro and Hernández Lead Colombian Presidential Elections
(Energy Analytics Institute, 29.May.2022) — Energy and political briefs including initial results in Colombia showing Gustavo Petro and his running mate Francia Márquez Mina, representing the Pacto HistĂłrico party, heading into a second round run off against Rodolfo Hernández and his running mate Marelen Castillo, representing the Anti-Corruption Rulers’ League […]
NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License
(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation‘s license to remain in Venezuela; and failures impacting the Venezuela’s National Electric System that would require ~$10bn to fix. LATIN AMERICA AND THE CARIBBEAN Colombia — […]
Subsea 7 Awarded Contract Offshore Brazil
(Subsea 7, 26.May.2022) — Subsea 7 announced the award of a major(1) contract by Petrobras for the development of the BĂşzios 8 field located approximately 180 kilometres off the coast of Rio de Janeiro at 2,000 metres water depth in the pre-salt Santos basin. The contract scope includes engineering, procurement, fabrication, […]
Eni and Sonatrach to Accelerate Decarbonization Via Green Hydrogen
(Eni, 26.May.2022) — The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic […]
B2Gold Corp. Buys Oklo Resources’ Land Package near the Fekola Mine
(B2Gold, 26.May.2022) — B2Gold Corp. (TSX: BTO), (NYSE AMERICAN: BTG), (NSX: B2G) has entered into a definitive Scheme Implementation Agreement with Oklo Resources Limited (ASX: OKU) pursuant to which B2Gold has agreed to acquire 100% of the fully paid ordinary shares of Oklo (the “Oklo Shares”) in consideration for 0.0206 […]
bpTT targets “Small Pool” Gas Opportunities
(bpTT, 26.May.2022) — bpTT announced the return of the Joe Douglas Jack Up rig which will arrive in Trinidad in September 2022 and begin drilling operations in the fourth quarter. The first phase of the drilling programme will involve development drilling of small pools; three wells in the Mango field […]
TotalEnergies to Acquire 50% of Clearway Energy Group
(TotalEnergies, 25.May.2022) — TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th US renewable energy player. This constitutes its largest acquisition in the renewable energy in the United States, one of the top 3 renewable markets in the world. […]
Chevron Reviews Plans at Annual Stockholders Meeting
(Chevron, 25.May.2022) — Chevron Corporation (NYSE: CVX) provided an overview of the company’s business plans and operations at its annual stockholders meeting. “We are focused on delivering higher returns, lower carbon and superior shareholder value,” said Michael Wirth, Chevron’s chairman and CEO. “Our strategy is clear: leverage our strengths to deliver lower […]
Gas and Condensate Finds to be Developed in the Norwegian Sea
(Equinor, 25.May.2022) — Equinor and Halten East partners VĂĄr Energi, Spirit Energy and Petoro have decided to invest about NOK 9bn in the development of the area neighboring to the Ă…sgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and option on another three […]
Equinor Reveals New Oil Find Close to Barents Sea Johan Castberg Field
(Equinor, 25.May.2022) — Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea. The well was drilled five kilometres south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometres northwest of Hammerfest. […]
Equinor Exits all JVs in Russia
(Equinor, 25.May.2022) — On 27 February 2022, Equinor decided to start the process of exiting the company’s joint ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08bn on the balance sheet as […]
Petrobras Inks Deal for the Divestment of the LUBNOR Refinery
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale […]
Petrobras Board Deliberates About CEO, Board Changes
(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 23 May 2022, regarding the Ministry of Mines and Energy‘s Official Letter requesting the convening of an Extraordinary General Meeting (EGM) to promote the substitution and election of a member of the Board of Directors and the nomination of […]
Talos Energy To Host Analyst & Investor Day
(Talos, 24.May.2022) — Talos Energy Inc. (NYSE: TALO) will host its first-ever analyst and investor day today at 2:00 PM Eastern Time (1:00 PM Central Time). A live webcast of the event will be available on the company’s recently updated and relaunched corporate website at https://www.talosenergy.com/investor-relations/events-calendar/. Please allow extra time to […]
TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation
(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global […]
MacDermid Offshore Expands Product Line with Oceanic EL 08
(MacDermid, 24.May.2022) — MacDermid Offshore Solutions, a provider of high-performance and environmentally-friendly products for the offshore oil and gas industry, has expanded its product line with the release of Oceanic EL 08. The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors […]
US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms
(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said. The last U.S. energy producer in Venezuela asked […]
Energy Security Concerns Reinforce Government Focus on Renewable Energy Programs
(EY, 24.May.2022) — Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices. As a result, governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy […]
Houston American Energy Spuds First Exploration Well in Colombia
(Houston American Energy, 24.May.2022) — Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the […]
Sempra Inks Deal with TotalEnergies, Mitsui, Mitsubishi for HCS Project
(Sempra, 23.May.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana. The participation agreement contemplates that the combined Cameron LNG Phase 1 and proposed […]
Oxy Reveals Tender Results, Upsize of Cash Tender Offers for Certain Senior Notes
(Oxy, 23.May.2022) — Occidental (NYSE: OXY) announced the tender results of its offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) its outstanding notes listed in the tables below (the “Notes,” and each, a “Series” of Notes) in three separate pools (each, a “Pool”). The Offers were made […]
NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to be on “maximum alert” in the face of what he called “terrorist attacks by the national and international right-wing against the Guri hydroelectric complex and […]
Petrobras on Request Regarding Caio Mario Paes de Andrade
(Petrobras, 23.May.2022) — Petrobras received today a letter from the Ministry of Mines and Energy, requesting measures in order to call an Extraordinary General Meeting, with the purpose of promoting the removal and election of a member of the Board of Directors, and appointing Caio Mario Paes de Andrade, to […]
Underwater Wireless Acoustic Standard to Improve Offshore Drone Communication
(Subsea Wireless Group, 23.May.2022) — An international oil and gas industry network, Subsea Wireless Group (SWiG), has launched a new wireless acoustic standard to improve communication between offshore vessels and the vehicles used in underwater inspection, maintenance and repair. SWiG addresses problems related to the increasing diversity of communication systems used by Autonomous Underwater […]
GoldMining Inc. Announces Board Appointments For U.S. GoldMining Inc.
 (GoldMining, 23.May.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) is pleased to announce appointments to the Board of Directors of U.S. GoldMining Inc., a subsidiary of the company created to advance the Whistler Gold-Copper Project, located in Alaska, USA on a standalone basis (see news release February 28, 2022). The U.S. GoldMining […]
Golden Arrow Provides Results of Drilling at Tierra Dorada Gold Project in Paraguay
(Golden Arrow, 20.May.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) received the final assays from its recent diamond drilling program at the Tierra Dorada Gold project in Paraguay. The Phase II program included 46 drill holes totaling 1791.80 meters testing the Alvaro and Itayuru prospects. Eight holes returned intervals of […]
Forefront Power to Develop Solar Energy Systems for Anheuser-Busch
(ForeFront Power, 20.May.2022) — ForeFront Power, a developer, advisor, and asset manager for commercial and industrial-scale solar energy and storage projects, has partnered with American brewer, Anheuser-Busch, to develop solar energy systems at eight breweries in its craft business unit, Brewers Collective. ForeFront Power has now completed solar energy installations […]
Mantaro Precious Metals Corp. Starts 5,000m Drill Program at Golden Hill
(Mantaro, 19.May.2022) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) announced the maiden 5,000-meter diamond drill program has commenced at the Golden Hill Property, located in Bolivia. The company will initially focus on drilling the numerous veins within the high-grade La Escarcha Gold Mine. Veins are up to 5 […]
Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia
(Sumitomo, 18.May.2022) — Sumitomo Corporation Andes S.A.S. (SCAN), a subsidiary of Sumitomo Corporation, together with Promigas, a leading energy distributor and transporter in South America, announced their intent to collaborate on the development of hydrogen mobility solutions in Colombia. The purpose of this agreement is to establish a collaboration between the two […]
PNM Announces Executive Changes
(PNM, 19.May.2022) — PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company’s ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn. Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and […]