ENERGY ANALYTICS INSTITUTE (EAI), Author at Energy Analytics Institute (EAI)

A Tale Of Two Neighbours: Guyana And Suriname

(Jamaica Observer, 26.Jul.2020) — Recent electoral events in Guyana and Suriname, which border each other on the north-eastern coast of the South American continent, display […]

Man Fatally Shot In Venezuela Gasoline Protest

(Reuters, 26.Jul.2020) — A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human […]

Mexico To Launch World’s Largest Oil Hedge – Sources

(Reuters, 24.Jul.2020) — Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said […]

Petrobras Begins Contracting For 3 Búzios Field FPSOs

(Petrobras, 24.Jul.2020) — Petrobras’ Executive Board approved the beginning of the contracting processes for three new Floating Production Storage and Offloading (FPSOs) platforms for the […]

Frontera’s 2Q:20 Financial Results And Conference Call

(Frontera, 23.Jul.2020) — Frontera Energy Corporation announces that its second quarter results will be released after market on Thursday, 6 August 2020 followed by a […]

IMF Press Briefing On Nigeria, Argentina

(IMF, 23.Jul.2020) — Transcript of International Monetary Fund (IMF) press briefing on Nigeria, Argentina, and other countries. MR. RICE: Good morning everyone and welcome to […]

Angola Offers Tax Break To Help Domestic Oil Firms

(Argus, 23.Jul.2020) — The Angolan government has decided to cut the petroleum income tax rate from 50pc to 30pc for domestic companies that successfully bid […]

Quiet Destruction Of Colombia’s Shale Potential

(Oilprice.com, 23.Jul.2020) — Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean […]

Pioneer Energy Services CEO Stacy Locke Steps Down

(Pioneer, 22.Jul.2020) — Pioneer Energy Service Corp. announced that Wm. Stacy Locke has decided to step down as President, Chief Executive Officer, and as a […]

Petrobras Approves Dividends Payment

(Petrobras, 22.Jul.2020) — Petrobras informs that, in a meeting held today, the Annual General Meeting approved dividends to shareholders in the amount of R$ 1.7 […]

US Court Affirms Judgment Supporting CITGO Board

(Citgo, 22.Jul.2020) — PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of […]

PDV Holdings Releases First-Ever Annual Report

(Citgo, 22.Jul.2020) — PDV Holding, Inc., the indirect sole stockholder of Citgo Petroleum Corporation, issued its first-ever annual report detailing financial and operational performance in […]

Investors Want To Know: Colombia’s Negative Outlook

(Fitch Ratings, 22.Jul.2020) — Colombia’s sovereign metrics have deteriorated further since its April downgrade to ‘BBB-‘, underpinning the range of downside risks reflected in the […]

World’s Newest Oil Boom Is Facing A Major Problem

(Oilprice.com, 22.Jul.2020) — After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American […]

Houston American Energy’s 1-for-12.5 Reverse Stock Split

(Houston American Energy, 21.Jul.2020) — Houston American Energy Corp. announced the company will effect a 1-for-12.5 reverse stock split of its common stock on 31 […]

BHP’s Ruby Project Moving Forward Offshore Trinidad

(Energy Analytics Institute, 21.Jul.2020) — The Ruby project offshore Trinidad & Tobago expects initial production in calendar year 2021, according to BHP. The project will […]

Algeria Expects Energy Revenue To Fall $10bn

(Reuters, 21.Jul.2020) — Algeria expects its oil and gas revenue to fall to $23 billion this year from $33 billion in 2019, energy minister Abdelmadjid […]

Wärtsilä To Deliver Storage System To US Virgin Islands

(Wärtsilä, 21.Jul.2020) — The technology group Wärtsilä has been awarded a contract to deliver a state-of-the-art power plant and energy storage system to the US […]

Global Gas Flaring At Levels Not Seen Since 2009

(World Bank, 21.Jul.2020) — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion […]

Petrobras On VAT Tax In PIS/COFINS Calculation Basis

(Petrobras, 21.Jul.2020) — Petrobras informs that it has obtained a favorable and final decision from the Federal Regional Court of the 2nd Region in process […]

NGC And BHP Ink Ruby Field Gas Supply Deal

(NGC, 21.Jul.2020) — The National Gas Company of Trinidad and Tobago Limited (NGC) and BHP announced successful completion of negotiations of a Gas Sales Agreement […]

Chevron Announces Deal To Acquire Noble Energy

(Chevron Corp. 20.Jul.2020) — Chevron Corporation entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble Energy […]

Petronas New Energy Teams Up with Nefin Group

(Petronas, 20.Jul.2020) — Following the launch of its first solar rooftop solution, M+ by Petronas last year, Petronas New Energy is now set to grow […]

Sisi Wins Approval For Possible Libya Intervention

(Reuters, 20.Jul.2020) — Egypt’s parliament gave President Abdel-Fattah al-Sisi the green light for possible military intervention in Libya by approving the deployment of armed forces […]

Venezuela’s Oil And Gas Sector Sees Worst Crisis

(Tradearabia News Service, 20.Jul.2020) — Venezuela’s oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world […]

Petrobras Concludes Divestment Of TAG

(Petrobras, 20.Jul.2020) — Petrobras, following up on the press release on 13 March 2020, entered into a share purchase and sale agreement, regarding its remaining […]

Chevron’s Noble Deal: First Major One Of The Downturn

(WoodMac, 20.Jul.2020) — Speaking this morning after Chevron announced plans to buy Noble Energy in a US$13 billion all-stock transaction, including US$5 billion in equity, […]

Chevron Says To Acquire Noble Energy

(Chevron, 20.Jul.2020) — Chevron Corporation has entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble Energy […]

Fernandez To Creditors: ‘We Can’t Do Any More’

(FT.com, 19.Jul.2020) —Alberto Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that — with an economy devastated by coronavirus — […]

Situation In Guyana Goes From Bad To Worse

(Forbes, 18.Jul.2020) — As I wrote earlier this month, the future of the nascent oil and gas industry in the South American nation of Guyana […]

Ecopetrol Says 2020 CAPEX To Be Between $3bn-$3.4bn

(Ecopetrol, 17.Jul.2020) — Ecopetrol S.A. informs that the Board of Directors approved a new organic investment plan for the Ecopetrol Group (GE) for an estimated […]

Tullow Peru Update: Blocks Z-67 And Z-68

(Tullow, 17.Jul.2020) — Tullow is also working closely with the government to secure additional licenses. The Marina-1, non-operated exploration well, drilled in block Z-38 offshore […]

CITGO Names Edgar Rincon COO, Executive VP

(Citgo, 17.Jul.2020) — The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting […]

Petrobras On Cumulative Vote Process For AGM

(Petrobras, 17.Jul.2020) — Petrobras, in compliance with article 30, item XXXIV of CVM Instruction 480/09, informs that it received from shareholders who jointly hold more […]

YPF Reports Early Exchange Offer Participation

(YPF, 17.Jul.2020) — YPF S.A. announced results of the Early Participation Date (as defined below) with respect to its previously announced exchange offer to exchange […]

Petrobras Informs On Vantage Arbitration Case

(Petrobras, 17.Jul.2020) — Petrobras, following up on the releases disclosed on 17 May 2019 and 21 June 2019, informs that, yesterday, the United States Court […]

Ocean Infinity Completes Offshore Project In Guyana

(Ocean Infinity, 16.Jul.2020) — Ocean Infinity, a marine robotics company, successfully completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana. The project […]

bpWE To Buy Full Ownership Of Fowler Ridge 1 Wind Asset

(bpWE, 16.Jul.2020) — bp Wind Energy (bpWE) agreed to acquire the remaining 50% interest in the bp operated, Fowler Ridge 1 wind asset from its […]

Siemens To Establish Mobile Working As “New Normal”

(Siemens, 16.Jul.2020) — Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during […]

Petrobras On OGCI’s Carbon Reduction Target

(Petrobras, 16.Jul.2020) — Petrobras informs that the Oil and Gas Climate Initiative (OGCI), an organization which Petrobras is a member, established a new collective target […]

OGCI Sets Carbon Intensity Target

(OGCI, 16.Jul.2020) — The Oil and Gas Climate Initiative (OGCI) announced a target to reduce the collective average carbon intensity of member companies’ aggregated upstream […]

Colombia Relaunches Bid Process For LNG Terminal

(Shearman & Sterling, 15.Jul.2020) — The Colombian government has issued a new timetable for the tender with respect to the design, construction and operation under […]

Barreiro, Laprea-Bigott, Jordá Named To Citgo Board

(Citgo, 15.Jul.2020) — Citgo Petroleum Corporation Board of Directors announced today that Pablo Pérez Barreiro, Marcelo Laprea-Bigott and Carlos Jordá have been named to the […]

Ibitu Energia Plans $830mn In Renewable Investments

(Reuters, 15.Jul.2020) — Brazil’s Ibitu Energia, owned by U.S.-based asset manager Castlelake LP, plans to invest roughly 4.5 billion reais ($839.43 million) in renewable energy […]

Argentina Axes $2bn Vaca Muerta Gas Pipeline

(Energy Analytics Institute, 15.Jul.2020) — The Vaca Muerta gas pipeline, one of the most ambitious projects of the government of Argentina’s former President Mauricio Macri, […]

Investors In Russian Pipeline At Risk Of US Sanctions

(Reuters, 15.Jul.2020) — U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions […]

Thermal Recovery: Technical Papers (FREE Downloads)

(Energy Analytics Institute, 15.Jul.2020) — Technical papers from Nakasawa Resources on thermal recovery technologies; EOR projects: when how and why?; and heavy oil exploitation: unavoidable […]

Delays Impact Guyana’s Payara-Pacora Project

(Rystad Energy, 15.Jul.2020) — The development of Guyana’s world-class deepwater oil resources in the Payara-Pacora project of its prolific Stabroek block, whose addition is set […]

Liza Unity Hull Arrives In Singapore

(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted […]

Petrobras Divests Ponta Do Mel And Redonda Fields

(Petrobras, 15.Jul.2020) — Petrobras, following up on the release disclosed on 30 September 2019, informs that it has finalized today the sale of its entire […]