ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

NRGBriefs: Zacatecas Silver Corp. Names Nancy La Couvee to BODs

(Energy Analytics Institute, 15.Mar.2022) — Energy briefs including the start of the CARIVS 2022 virtual summit in Guyana; and Zacatecas Silver Corp. (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) naming Nancy La Couvee to the company’s BODs. LATIN AMERICA AND THE CARIBBEAN Guyana The 2nd Caribbean Oil & Gas Virtual Summit […]

NRGBriefs: Astra Exploration Provides Update on Pampa Paciencia

(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing […]

Sempra Infrastructure’s Mexico Subsidiary Credit Rating Upgraded by Fitch

(Sempra, 14.Mar.2022) — Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced that Fitch Ratings has upgraded its Mexico subsidiary’s long-term foreign and local currency issuer default rating as well as its senior unsecured notes to ‘BBB+’ from ‘BBB’. The outlook remains stable. The ratings upgrade is a result […]

Northwest Pipe Awarded Contract for the Navajo-Gallup Water Supply Project

(Northwest Pipe Company, 14.Mar.2022) — Northwest Pipe Company (Nasdaq: NWPX), a manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by S.J. Louis Construction, Inc., a Minnesota-based general contractor specializing in underground utility construction for 39 years, to manufacture engineered steel water transmission pipe for the Code Talkers […]

Sandstorm Gold Royalties Provides Asset Update

(Sandstorm Gold Ltd., 14.Mar.2022) — Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) provided an update of recent developments from the company’s royalty portfolio. LUNDIN MINING ANNOUNCES NEW DISCOVERY AT CHAPADA Lundin Mining Corporation recently announced the discovery of a new copper-gold mineralized system called Saúva at the Chapada project in Brazil. The […]

Eco (Atlantic) Oil and Gas Ltd. Reveals Strategic Acquisition of JHI in Guyana

(Eco (Atlantic), 14.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (“WI”) in the Canje Block offshore Guyana (the “Acquisition”). Highlights · A proposed cashless acquisition, with a value of approximately $52mn […]

Five Key Takeaways from CERAWeek 2022 7-11 Mar. 2022 in Houston

(Clarissa Lins with Catavento, 13.Mar.2022) — Almost 6,000 people met in Houston at CERAWeek, the world’s largest and most influential energy gathering. During five days, the discussions were dominated by the severe impacts of the war and its devastating consequences over the Ukraine population, European energy security and the values […]

Brief History: Venezuela’s Heavy Oils and Extraction Strategies

(Energy Analytics Institute, 13.Mar.2022) — A brief history of Venezuela’s initial crude discovery in 1914 and the eventual move to focus on the Orinoco Heavy Oil Belt. Brief History In 1914, Venezuela’s first important heavy oil field, Mene Grade, was discovered. Initial production from the shallow sands located at 550 […]

Popular thermal recovery methods used in Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2022, Words: 521) — Venezuela has historically utilized various thermal recovery methods to assist in the production of its heavy and extra-heavy crude oil (EHCO). A summary of the four most popular in-situ thermal recovery methods follows. ASSISTING IN THE INCORPORATION PROCESS […]

NRGBriefs: Japanese Companies Aim to Reduce Environmental Impact

(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and The Hanshin Diesel Works, Ltd. forming strategic alliance to reduce their environmental impact; and routine gas flaring representing a lost […]

Yuchai Engines Power Largest Chinese Bus Export Order to Mexico

(China Yuchai, 11.Mar.2022) — China Yuchai International Limited (NYSE: CYD), a manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced that GYMCL’s YC6GN natural gas engines became the exclusive engine to power 800 Ankai buses that were recently […]

Touchstone Announces Approval of Ortoire Licence Extension

(Touchstone, 11.Mar.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announces that the government of Trinidad and Tobago (“GoTT”) has approved a five-year extension of the exploration and production licence for the Ortoire block. Touchstone has an 80 percent operating working interest in the licence, with Heritage Petroleum Company Limited holding […]

Brazil Congress Cuts Taxes on Fuels to Soften 25% Price Jump

(Bloomberg, 11.Mar.2022) — Brazil’s congress passed a tax reduction for fuels hours after state-controlled oil producer Petroleo Brasileiro SA caused a stir by increasing diesel and gasoline prices by as much as 25%. Lawmakers late on Thursday approved a bill that cuts federal taxes for diesel and cooking gas until […]

NRGBriefs: Venezuela’s Short-term Ability to Boost Production

(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring offshore eastern Venezuela near Barcelona. LATIN AMERICA AND THE CARIBBEAN Venezuela — Venezuela has capacity over the short-term to possibly boost production around 200,000 b/d […]

Russian Oil Rigs in Venezuela Complicate US Talks With Maduro

(Bloomberg, 11.Mar.2022) — Much has been written about the hurdles to a U.S.-Venezuela detente that would allow oil from the South American nation to start flowing more freely into international markets. One of them, though, has been overlooked: The presence of a Kremlin-owned company in oil fields all across Venezuela. […]

Maersk, Proman Announce Green Methanol Supply Deal

(Proman, 10.Mar.2022) — Proman and A.P. Moller -Maersk entered into a new cooperation agreement to identify and develop green methanol supply solutions for Maersk’s new methanol-fuelled container vessels. As part of today’s agreement, Proman will aim to supply Maersk with 100,000 – 150,000 tonnes per year of green methanol from […]

CGX and Frontera Announce $35mn Loan Deal to Support Guyana Costs

(Frontera, 10.Mar.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced today that they have entered into a financing agreement for a U.S. $35mn loan that will enable CGX to continue to finance part of its […]

Background Press Call Previewing the Visit of President Duque of Colombia

(The White House, 10.Mar.2022) — Background press call via teleconference by senior administration officials from The White House previewing the visit of President Ivan Duque of Colombia. MODERATOR: Thank you, Grace. And, everyone, thank you for joining us this evening for today’s background call previewing President Duque’s visit to the […]

Pampa Energía Says 4Q:21 Results Boosted by Plan Gas

(Pampa Energía, 10.Mar.2022) — Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the fiscal year and quarter ended on 31 December 2021. Pampa’s financial information adopts US$ as functional currency, and it’s expressed in AR$ […]

Grupo Energia Bogota Improves Caribbean Electricity Supply

(Grupo Energía Bogotá, 10.Mar.2022) — Grupo Energía Bogotá (GEB) is improving the supply of reliable, affordable electricity to Colombian consumers by using SmartValve™ technology in the Caribbean region of their network. This marks the second installation of SmartValve in Colombia, with more projects to be delivered in 2022 to further strengthen the national transmission network. […]

T&T Needs Reinvestments to Benefit from Higher Oil Prices

(Trinidad Guardian, 10.Mar.2022) — While the increases in oil prices driven by the conflict between Russia and Ukraine can benefit oil-producing nations, countries like T&T and Venezuela will struggle to capitalise. Responding to a question from Guardian Media at the University of the West Indies’ Vice-Chancellor’s Forum, titled Of Ukraine […]

NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26

(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]

EAI Q&A with Colombia’s ANH head Armando Zamora

HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 10.Mar.2022, Words: 1,270) — Colombia’s head at the National Hydrocarbon Agency (ANH by its Spanish acronym), Armando Zamora, spoke briefly with Energy Analytics Institute (EAI) during CERAWeek by S&P Global in Houston about the South American country’s plans for its next bid round […]

Petrobras on REMAN Refinery Divestment

(Petrobras, 10.Mar.2022) — Petrobras, following up on the release disclosed on 08/25/2021, concerning the sale process of Refinaria Isaac Sabbá (REMAN) to Ream Participações S.A., informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published on 03/08/2022 a dispatch declaring the Act of Concentration to be […]

NRGBriefs: Venezuela’s Maduro Back in the Driver’s Seat

(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Washington courting Venezuela amid the Ukraine invasion by Russia and Venezuela’s President Nicolás Maduro likely being the biggest benefactor amid high oil prices and US desperation. LATIN AMERICA AND THE CARIBBEAN Venezuela — Talking Points: Over the short-term Venezuela’s President Nicolás Maduro […]

US Secretary of Energy Jennifer M. Granholm Speaks at CERAWeek 2022

(US Department of Energy, 9.Mar.2022) — Remarks as prepared for delivery by Secretary of Energy Jennifer M. Granholm at CERAWeek 2022 in Houston, Texas. Thanks so much Dan—I’m so glad to be here at CERAWeek for the second year in a row, this time in person!   We could not be […]

White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar

(FT.com, 9.Mar.2022) — The US is engaged in an increasingly frantic search to replace oil supplies lost from Russia as it tries to repair diplomatic rifts abroad and boost production at home to stop fuel prices from spiralling out of control. Jennifer Granholm, US energy secretary, on Wednesday told an […]

Maduro Eyes Venezuela Producing 2 MMb/d in 2022

(Energy Analytics Institute, 9.Mar.2022) — “Rain, thunder or lightning, Venezuela will produce 2 million barrels per day in 2022,” the country’s President Nicolás Maduro proclaimed during a national television broadcast. “Now, we are at one million barrels [per day] with our own lungs, but we are ready to reach two million […]

US Turns to Old Foe Maduro to Help Shut Off Russia’s Oil Revenues

(France24, 9.Mar.2022) — Venezuela released two jailed US citizens on Tuesday in an apparent goodwill gesture toward the Biden administration, which has reached out to the regime of Nicolas Maduro as it looks for help in shutting off Russia’s oil revenues amid the war in Ukraine. The release of US nationals […]

Colombia’s Mines and Energy Minister Gives Presser During CERAWeek

(Energy Analytics Institute, 9.Mar.2022) — Colombia’s Mines and Energy Minister Diego Mesa held a media press conference during CERAWeek by S&P Global. Excerpts from that 9 Mar. 2022 discussion follow. HYDROCARBON PRODUCTION — Colombia closed 2021 with an average production rate of about 730,000 b/d, the lowest rate one in […]

EQT Launches New US LNG Advocacy Campaign During CERAWeek 2022

(EQT Corporation, 9.Mar.2022) — EQT Corporation (NYSE: EQT) unveiled its plan to unleash U.S. LNG to address the energy needs of our allies and advance climate efforts by targeting the replacement of international coal. The release of the new plan comes as natural gas takes center stage at CERAWeek 2022. Toby Z. Rice, EQT […]

Meeks Statement on US Delegation to Caracas

(House Foreign Affairs Committee, 9.Mar.2022) — Representative Gregory W. Meeks, Chair of the House Foreign Affairs Committee, issued the following statement in response to reports that a delegation of senior Biden administration officials traveled to Venezuela to meet with President Nicolás Maduro: “I congratulate the Biden Administration on a successful […]

US Sanctions Hurt Our National Interests — and the Venezuelan People | Opinion

(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, double down on targeted sanctions against individuals and reverse broader sanctions that hurt our national interests and the interests of the Venezuelan people and aid […]

Argentina to Attack Inflation While Pursuing Gas Opportunities

(Energy Analytics Institute, 9.Mar.2022) — Argentina’s economy grew around 10.3% in 2021 but one of the country’s primary headwinds relates to taming inflation, the country’s Economic Minister Martín Guzmán said from Houston, Texas. “The principal objective of the macroeconomic policy is to attack inflation in an economy that is recovering […]

Colombia in Talks with Coal Producers for Exporting Extra Supplies

(Reuters, 8.Mar.2022) — Colombia’s government has begun talks with the nation’s coal producers to increase exports after requests for extra supplies by European, Central American and Caribbean countries, the minister of Mines and Energy Diego Mesa told Reuters on Tuesday, as global energy flows are disrupted by the crisis in […]

Guyana Submits its Memorial on the Merits of its Case Against Venezuela

(Guyana Ministry of Foreign Affairs and International Cooperation, 8.Mar.2022) — Guyana submitted to the International Court of Justice in The Hague, its Memorial on the Merits of its Case against Venezuela – as required by the Court following its decision of 18 December 2020 confirming its jurisdiction to decide the […]

NRGBriefs: Cameron LNG Names New President

(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner Asdrúbal Oliveros, Datanalisis President Luis Vicente León and international […]

Q&A with Colombia’s Mines and Energy Minister Diego Mesa

HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 8.Mar.2022) — Colombia’s head at the Mines and Energy Ministry, Diego Mesa Puyo, spoke briefly with Energy Analytics Institute (EAI) during CERAWeek by S&P Global in Houston about the South American country’s most important achievements during his tenure with the ministry, which winds […]

Ecopetrol Eyes Transmission Opportunities in the Americas, Especially the US

(Energy Analytics Institute, 8.Mar.2022) — Bogotá-based Ecopetrol is eying opportunities abroad where there are synergies between the transmission and oil and gas business. Ecopetrol’s move into the transition sector is part of the company’s decarbonization and electrification efforts which also include a continued focus on low-cost and low carbon opportunities. […]

US President Biden on the Return of American Detainees from Venezuela

(The White House, 8.Mar.2022) — Tonight—two Americans who were wrongfully detained in Venezuela will be able to hug their families once more. We are bringing Gustavo Cardenas and Jorge Fernandez home. Cardenas was arrested in 2017 as part of the so-called CITGO-6, and he has endured five years of hardship […]

Colombia Launches Offshore Wind Energy Roadmap

(Colombian Mines and Energy Ministry, 8.Mar.2022) — The Minister of Mines and Energy, Diego Mesa, launched this Tuesday the Offshore Wind Energy Roadmap in the margins of CERAWeek 2022, the most important event in the energy sector that takes place in Houston, Texas. Highlights: “Today represents a milestone for Colombia […]

Colombia’s President Iván Duque Márquez During CERAWeek

(Energy Analytics Institute, 7.Mar.2022) — Colombia’s President Iván Duque Márquez spoke in an interview with Daniel Yergin on 9 Mar. 2022 during CERAWeek by S&P Global. Excerpts from that discussion follow. Related to energy security and the energy transition: Iván Duque: In terms of energy security and energy transition, I […]

Colombia’s President Says Any Solution for Venezuela Must Come Through Elections

(Reuters, 7.Mar.2022) — Colombian President Ivan Duque on Monday said any solution for Venezuela’s future, whose humanitarian crisis under President Nicolas Maduro has hit neighboring nations with an influx of migrants, must come through genuine, transparent presidential elections. A top delegation from the U.S. government traveled to Caracas since the […]

Venture Global LNG Expands Partnership with Shell

(Venture Global LNG, 7.Mar.2022) — Venture Global LNG announced the execution of a new long-term 20-year Sales and Purchase Agreement (SPA) with Shell NA LNG LLC for the supply of 2 million tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility. This new deal builds on Shell’s existing […]

White House Pressed on Potential Oil Deals with Saudi Arabia, Venezuela and Iran

(Politico, 7.Mar.2022) — The White House on Monday pushed back on concerns about the Biden administration’s willingness to cut deals with countries like Saudi Arabia, Iran and Venezuela as it looks for ways to blunt skyrocketing fuel prices in the United States. White House press secretary Jen Psaki faced multiple […]

NRGBriefs: Venezuela Still Has Most Potential in LatAm to Boost Production

(Energy Analytics Institute, 6.Mar.2022) — Energy briefs including Colombia’s state owned Ecopetrol aims to boost combined oil and gas production to 730 Mboe/d in 2024 and between 800-850 Mboe/d in 2030; Venezuela producing 791.8 Mb/d in mid-January 2022; and Venezuela being the lone country in the Latin America and the […]

US Officials Hold Venezuela Meetings Amid Hunt for Alternative Oil Supplies

(Ft.com, 6.Mar.2022) — A high-level US delegation has met top government officials in Venezuela, as the world seeks alternative suppliers to replace Russian oil if western sanctions on Moscow are tightened after its invasion of Ukraine. Juan González, the top White House official on Latin America, was in Caracas on […]

US, Venezuela Discuss Easing Sanctions, Make Little Progress: Sources

(Reuters, 6.Mar.2022) — U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies. […]

Petrobras on Candidates Nominated for BODs and Fiscal Council

(Petrobras, 5.Mar.2022) — Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with eight nominations for the Board of Directors and four nominations for the company’s Fiscal Council, and an official letter from the National Treasury Secretariat of the Ministry of Economy with […]

Petrobras on the Transfer of Participation in the Búzios Field

(Petrobras, 4.Mar.2022) — Petrobras, following up on the releases disclosed on 09/29/2021 and 10/04/2021, informs that it has signed a contract with its partner CNOOC Petroleum Brasil Ltda. (CPBL) for the assignment of 5% of its interest in the Production Sharing Contract of the Transfer of Rights Surplus, for the […]