(Bloomberg, 23.Feb.2022) — At a time when bond investors are feeling the burn pretty much everywhere, a developing nation infamous as a serial defaulter has emerged as a surprising bright spot. Ecuador’s dollar bonds have returned 6.4% this year, compared with an average loss of 4.2% for emerging markets, according […]
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.
Secret Deal: TT Govt Agrees Atlantic LNG Train 1 is Dead
(Trinidad Guardian, 23.Feb.2022) — The Keith Rowley administration has quietly walked away from any hope of salvaging Atlantic LNG Train 1 and has instead signed an agreement with Royal Dutch Shell, the National Gas Company and bpTT to unitise trains two, three and four into a single train. The government […]
Russia/Ukraine Conflict Could Hurt Trinidad and Tobago in Long Term
(Trinidad and Tobago Newsday, 23.Feb.2022) — War! What is it good for? Apparently it’s good for oil, gas and petrochemical prices. For the past few weeks concerns over Russia’s aggressive stance against Ukraine have contributed in part to the daily increase in oil, gas and ammonia prices. Foreign Affairs Minister […]
HES Solar Deploys a BYD Energy Storage System
(Energy Toolbase, 23.Feb.2022) — Energy Toolbase, a provider of energy storage software solutions, has commissioned a behind-the-meter energy storage project with HES Solar, a San Diego-based, full-service solar development and installation company. HES Solar installed a BYD Chess energy storage system, integrated with Energy Toolbase’s Acumen EMS™ controls software, alongside a SunPower […]
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NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]
(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]
SSR Mining Reports 4Q:21 and YE:21 Results
(SSR Mining, 23.Feb.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) reports consolidated financial results in accordance with U.S. GAAP for the full year ended 31 December 2021. In addition, the Board of Directors declared a quarterly cash dividend of US$0.07 per common share, an increase of 40% over the third quarter dividend, […]
Braskem Expands its Circular Polymer Portfolio
(Braskem, 23.Feb.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem’s new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration […]
NRGBriefs: Nucor Corp. Declares Regular Quarterly Cash Dividend
(Energy Analytics Institute, 22.Feb.2022) — Energy briefs including the BODs of Nucor Corporation (NYSE: NUE) declaring the regular quarterly cash dividend of $0.50/shr on Nucor’s common stock; Select Energy Services reporting revenue of $255mn generated during the 4Q:21, up 25% sequentially from the 3Q:21; B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: […]
bp Announces Successful Start-up of Herschel Expansion in US GOM
(bp, 22.Feb.2022) — bp announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico. This is part of bp’s strategy to invest in focused and resilient hydrocarbons. Herschel is the first of four major projects scheduled to be delivered globally in 2022. Phase 1 of […]
Capella Provides Update on Drilling at the Kjøli Copper Project, Norway
(Capella Minerals, 22.Feb.2022) — Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) has received approval from the Norwegian Directorate of Mining for the company’s maiden diamond drill program at its 100%-owned Kjøli copper-zinc-cobalt (“Cu-Zn-Co”) massive sulfide (“VMS”) project in central Norway. Permits have been granted for up to 4,000m of diamond drilling in 25 […]
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Vista Oil & Gas Reports 4Q:21 and YE:21 Results [PDF Downloads]
(Vista Oil & Gas, 22.Feb.2022) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST in the New York Stock Exchange; BMV: VISTA in the Mexican Stock Exchange), reported financial and operational results for full year 2021 and Q4 2021. Full year 2021 highlights: ▪ During 2021, the company completed […]
Ecopetrol Reveals Dates for 4Q:21 and YE:21 Earnings Report and Conference Calls
(Ecopetrol, 22.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 1 March 2022, after market close, it will release its financial and operating results for the fourth quarter and full year 2021. On Wednesday 2 March 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in […]
Trinidad PM Addresses GECF in Qatar, Talks of Lost LNG Export Revenues
(Office of the PM of Trinidad and Tobago, 22.Feb.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley addressed the Sixth Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF). What follows is his speech. Salutations It is my pleasure and honour to participate in this […]
Arrow Exploration Eyes Drilling the RCE-2 Well in Colombia’s Tapir Block
(Arrow Exploration, 22.Feb.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) shared an operational update in connection with the drilling of the next well, the RCE-2 well, at the Rio Cravo Este Field (Tapir Block) in Colombia. The company continues to quickly advance towards drilling the RCE-2 well. — The […]
Trinidad Energy Minister Young Attends Meeting Ahead of GECF Summit
(MEEI, 21.Feb.2022) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P, attended the Extraordinary Ministerial Meeting in advance of the Sixth GECF Heads of State Summit in Doha, Qatar today. The other members of the delegation […]
Neuquén Province January 2022 Production Rises YOY
(Energy Analytics Institute, 21.Feb.2022) — Crude oil and natural gas production from Argentina’s Neuquén Province grow in January 2022 owing to development of unconventional projects approved by the provincial government, according to Alejandro Rodrigo Monteiro, Neuquén’s Minister of Energy and Natural Resources. Neuquén’s oil production averaged 254,357 barrels per day […]
Sasol Limited Reveals Financial Data for Six Months Ended 31 Dec. 2021
(Sasol, 21.Feb.2022) — Sasol Limited released interim results for the six months ended 31 December 2021. Earnings performance Earnings before interest and tax (EBIT) was R24,3bn, an increase of 12% compared to the prior period. This performance was underpinned by a strong macroeconomic environment with higher crude oil prices, refining […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President Asdrúbal Chávez travelling […]
APA Corp. Reports Oil Find at Krabdagu Exploration Well Offshore Suriname
(APA Corp., 21.Feb.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), […]
TotalEnergies Reveals Another Significant Discovery in Suriname’s Block 58
(TotalEnergies, 21.Feb.2022) — TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 […]
NGC and Proman Agree on New Methanol Partnership
(NGC, 18.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman entered a new partnership to lift methanol from the Methanol Holdings(Trinidad) Limited (MHTL) Complex in Point Lisas Industrial Estate for NGC’s methanol trading portfolio. The arrangement, which applies from 1 January 2022, provides NGC with […]
Zeelo to Make Buses as Green as Riding a Bicycle
(Zeelo, 17.Feb.2022) — Zeelo – a smart bus platform for organisations that serves over 1.8 million passengers per year on their daily commute to work and school in the UK, North America and South Africa – has pledged to provide Net Zero bus travel across its services in just eight years. The company is Europe’s only bus […]
NRGBriefs: University of Guyana Students Invited to Oil Conference
(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]
How China Beat Out the US to Dominate South America
(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]
Atlas Renewable Secures Financing for the Casablanca II Solar Plant in Brazil
(Atlas Renewable, 17.Feb.2022) — Atlas Renewable Energy has secured a R$407mn (approximately $76mn) loan from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund for the construction of the Lar do Sol – Casablanca II solar plant, which will be located in Pirapora, State of Minas Gerais, Brazil. The self-production plant will […]
Guyana Talking to Middle East Firms about Offshore Oil Auction -VP
(Reuters, 17.Feb.2022) — Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry. Results of the talks with Middle East firms could lead Guyana to bar a consortium […]
Hydrogène de France Accelerates Renewstable® Plant in Barbados
(HDF Energy, 16.Feb.2022) — Hydrogène de France (HDF Energy) announces that Renewstable® Barbados (“RSB”), the largest hydrogen power project in the Caribbean, has taken a new major step in its development with Rubis acquiring a 51% stake in its capital. This transaction follows the strategic agreement signed between the two […]
Saulsbury Awarded Construction Contract in Southeast New Mexico
(Saulsbury, 16.Feb.2022) — Saulsbury has recently been awarded multiple pipeline contracts to construct a collective 16.5 miles of steel and poly flowlines in Southeast New Mexico. This award represents a significant achievement for Saulsbury, as we work to promote growth in our Field Services operations. “We are excited to see the […]
Petrobras Starts Non-binding Phase for Divestment of GOM E&P Assets
(Petrobras, 16.Feb.2022) — Petrobras, following up on the release disclosed on 10/04/21, informs the beginning of the non-binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns […]
Borr Drilling Reveals Prelim 4Q:21 Results
(Borr Drilling, 16.Feb.2022) — Borr Drilling Limited announces preliminary unaudited results for the three and twelve months ended 31 December 2021. Highlights Fourth Quarter of 2021 Total operating revenues of $69.1mn, a decrease of $3.9mn (5%) compared to the third quarter of 2021 Net loss of $46.1mn, an increase of $13.5mn compared to the loss in […]
T&TEC Provides Details of Scheduled Interruptions
(Energy Analytics Institute, 16.Feb.2022) — The Trinidad and Tobago Electricity Commission or T&TEC provided details of scheduled interruptions across the small twin-nation island. T&TEC advise on 16 February 2022 on its website of that the “supply of electricity will be interrupted” in the following areas: ____________________ By Carlene Williams. © […]
Venezuela and Russia Ink Deals to Boost Ties
(Energy Analytics Institute, 16.Feb.2022) — Venezuela and Russia signed an agreement of intent aimed at strengthening strategic alliances and comprehensive cooperation between the two countries under the context of a relationship based on mutual respect. The agreement was signed by Venezuela’s Petroleum Minister Tareck El Aisami and Russia’s Yuri Barisov, […]
NRGBriefs: Guyana VP Jagdeo Reveals NOC Aspirations by 3Q:22
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including the International Energy Conference and Expo Guyana saying it will allow the first 80 University of Guyana students to enter its conference for free on 16 Feb. 2022; Guyana’s Vice President Bharrat Jagdeo talking about the potential launch of the country’s national […]
Is Private Equity Who Upstream M&A Market is Looking for?
(WoodMac, 16.Feb.2022) — As energy transition and ESG pressures bring more upstream assets to market, questions remain about who’s buying. Comments follow from Greig Aitken, Research Director, M&A and Neivan Boroujerdi, Principal Analyst, North Sea Upstream. The pressure is rising for public companies to decarbonise. It’s bringing more upstream assets to the […]
Uranium Energy Corp 2022 Letter to Shareholders
(Uranium Energy, 16.Feb.2022) — Uranium Energy Corp (NYSE: UEC) provided the following letter to its shareholders on the outlook for the company in 2022 from President and CEO, Amir Adnani. Dear Shareholder, 2022 begins with the highest uranium price in a decade and a positive global outlook for nuclear energy not seen […]
NRGBriefs: Frontera Sets Guyana Exploration CAPEX at $110-$130mn
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including Frontera Energy anticipating Guyana exploration CAPEX of $110-$130mn in 2022 and CGX Energy anticipating further investments of $5-$10mn for the Berbice Deepwater Port Project; Kootenay Silver saying JV operator Aztec Minerals Corp. reported a broad, high grade, gold intercept in the first RC drill hole […]
Frontera Announces CAPEX and Production Guidance for 2022
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]
Frontera Reveals YE:21 Reserves
(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (D&M). All dollar amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted. All of the Company’s booked reserves for the year […]
Suriname Scraps Deal to Build Hydrogen Plant
(CMC, 15.Feb.2022) — The Suriname government has begun the process of ending a controversial deal for the construction here of a state-of-the-art hydrogen plant by the Danish company, Hybrid Power System Group (HPSG). The decision to scrap the project for which an agreement was signed last March comes amidst reports […]
KEI Responds to News AMLO’s Son Being Employed at the US Company
(KEI Partners, 15.Feb.2022) — Regarding misinformation currently being circulated by the Mexican press. About Our Office: The office at 4400 Post Oak Pkwy has existed since April 2014, through a lease agreement between the related company Vaquero Strategy and the landlord. KEI Partners, as well as our other affiliated companies mentioned […]
Talos Energy and EnLink Midstream Complete Carbon Capture Solution
(Talos Energy, 15.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and EnLink Midstream, LLC (NYSE: ENLC) have executed a memorandum of understanding to jointly develop a complete CO2 capture, transportation and sequestration solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from New Orleans to Baton Rouge, which is […]
Petrobras and Gaspetro Finalize Gasmar Exit
(Petrobras, 15.Feb.2022) — Petrobras, following up on the release disclosed on 04/09/21, informs that it concluded today, together with its subsidiary Petrobras Gás S.A. (Gaspetro), the transaction to finalize the pending litigation with Termogás S.A. As a result of this transaction, Termogás acquired the shares of Companhia Maranhense de Gás […]
ExxonMobil CEO: Continued Progress Means Achieving Local Content Goals
(Guyana’s DPI, 15.Feb.2022) — Achieving the goals of local content will see continued progress for Guyanese and local companies, Chief Executive Officer (CEO) of oil giant ExxonMobil, Darren Woods has stated. He said Esso Exploration and Production Guyana Limited-the local ExxonMobil affiliate, has made progress in advancing local opportunities for […]
President Ali Tells Investors: Guyana Welcomes Investors but Guyanese Must Benefit
(Guyana’s DPI, 15.Feb.2022) — An olive branch has been extended to companies looking to invest in the oil and gas producing nation of Guyana. However, while they are welcomed to invest, companies are being reminded that Guyanese must be able to benefit from those investments. President Dr. Mohamed Irfaan Ali […]
Brazil to be Net Gas Importer for Next Decade
(Argus, 15.Feb.2022) — Brazil will be a natural gas net importer for the next ten years, says Petrobras executive Álvaro Tupiassú during the 2nd Brazil Gas Summit. Brazil’s new gas law is important because it stimulates an open and competitive market, with new contracts and agents, said Tupiassú. Petrobras is […]
Interoil Provides Argentina and Colombia Production Update
(Interoil, 15.Feb.2022) — Interoil provided production details from its operations in Argentina and Colombia. Below are details of average gross operated production in January 2022 and corresponding numbers for December 2021. Comments In January 2022, average daily production was 3,358 barrels of oil equivalents per day (boepd), compared to 3,104 […]
Colombia’s Economy Grows the Most in 115 Years
(Bloomberg, 15.Feb.2022) — Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product expanded 10.6% in […]
Southwestern Energy Expands RSG Monitoring Across Entire Operations
(Southwestern Energy Company, 8.Feb.2022) — Southwestern Energy Company (NYSE: SWN) announced the expansion of its company-wide certification and continuous monitoring of its production as responsibly sourced gas (RSG), building upon its previously announced program in Appalachia to include its newly acquired Haynesville position. SWN’s RSG program reflects the company’s Environmental, […]
NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]
(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]
GX Energy and Frontera JV to Focus on Corentyne Block in 2022
(CGX Energy, 14.Feb.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX, announced that, as a result of the initial positive results at the Kawa-1 exploration well, the joint venture will focus on the significant exploration […]