ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Li-Cycle And New Flyer Team Up In Battery Recycling Pilot

(Li-Cycle Corp., 11.Jan.2021) — Li-Cycle Corp., North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together “New Flyer”), subsidiaries of NFI Group Inc., one of the world’s leading independent global […]

Iranian Oil Tankers Entering Venezuelan, Syrian Ports

(MEHR, 10.Jan.2021) — Tankertrackers reported that the Iranian oil and gasoline tankers have reached near Syria and Venezuela. According to Tankertrackers, an Iranian tanker carrying two million barrels of crude oil shipments is crossing the Suez Canal and it will probably arrive in the Syrian port of Banias on Monday. […]

Petrobras Sets Fresh Annual Production Record In 2020

(S&P Global Platts, 8.Jan.2021) — Brazilian state-led oil company Petrobras set a fresh record for annual output in 2020 on better-than-expected performance at the Buzios Field and improved corrosion-treatment efforts at its subsalt fields, the company said Jan. 7. “The records demonstrate good operational performance despite the challenging scenario of […]

Mexican President Wants To Dissolve Energy Regulators

(Argus, 8.Jan.2021) — Mexican President Andres Manuel Lopez Obrador plans to dissolve Mexico’s independent energy, telecommunications and competition regulators, incorporating them into government ministries. “These organizations have only served as smoke screens for illicit activity and hiding information … they cost a lot, do not work and do not benefit […]

Hess Reveals 4Q:20 Earnings Conference Call Date

(Hess, 8.Jan.2021) — Hess will hold a conference call on Wednesday 27 January 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 3282638 after 9:45 a.m. […]

Petrobras Inks Deal To Divest Mangue Seco 1

(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 4 May 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the sale of the totality of its stake of 49% in Eólica […]

TechnipFMC On Activities Toward Separation

(TechnipFMC, 7.Jan.2021) — TechnipFMC plc announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective […]

Suriname Oil Drilling To Expand

(St. Kitts-Nevis Observer, 7.Jan.2021) — Bahamas Petroleum Company PLC told investors it is on-track to add further wells to its operations in Trinidad and also Suriname. At the same time, it confirmed on-target production with 500 barrels of oil per day being produced at the end of 2020. Now, with […]

Petrobras Inks Deal To Divest Mangue Seco 3 And 4

(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 12 June 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the joint sale with Wobben Windpower Indústria e Comércio Ltda (Wobben) of […]

Petrobras Reports Record Production In 2020

(Petrobras, 7.Jan.2021) — Petrobras registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd […]

Methanex To Cut 60 Employees At Titan Facility

(Methanex, 7.Jan.2021) — Methanex Corporation announced today that it expects its Titan methanol facility in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately […]

NNPC Seeks $1bn Oil Prepay For Port Harcourt Refinery

(Reuters, 7.Jan.2021) — Nigeria’s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the financing is concluded, the long overdue rehabilitation of the refinery […]

Crown Point And Centaurus Enter Into Term Sheet

(Crown Point, 7.Jan.2021) — Crown Point Energy Inc., a Calgary-based oil and gas company with Argentine upstream conventional oil and gas assets, and Centaurus Energy Inc., an independent, Canadian company focused on Argentine upstream oil and gas conventional and unconventional operations, are pleased to announce that they have entered into […]

Colombia Said To Review Divesting Stake In ISA

(Bloomberg, 6.Jan.2021) — Colombia’s government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge of the matter. Grupo Energia Bogota is among companies considering a bid for the stake in the transmission company, while […]

Jose R. Pocaterra Joins Citgo Board Of Directors

(Citgo, 6.Jan.2021) — The Citgo Petroleum Corporation Board of Directors announced that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains Citgo’s Chief Operating Officer and Executive Vice President. “Jose Pocaterra brings more than 20 years of international experience in the financial, business […]

EU Commission President On US Election

(Energy Analytics Institute, 6.Jan.2021) — EU Commission President Ursula von der Leyen comments on US elections and recognition of Joe Biden as the next US president. “I believe in the strength of US institutions and democracy. Peaceful transition of power is at the core,” Leyen said in a post 6 […]

EU’s Declaration On Backing Venezuela’s Juan Guaido

(EU Council, 6.Jan.2021) — The Venezuelan elections of 6 December 2020 for the National Assembly regrettably went ahead without a national agreement on electoral conditions. The European Union considers that the elections failed to comply with the international standards for a credible process and to mobilise the Venezuelan people to […]

EU, Lima Group Sour On Juan Guaido

(Argus, 6.Jan.2021) — The EU and the Lima Group of Latin American countries and Canada have implicitly dropped support for Venezuelan opposition leader Juan Guaido as Venezuela’s interim president, portending a policy shift in Washington as well. The EU now views Guaido and the opposition-led “outgoing” National Assembly as just […]

Pompeo On Win-Win Solutions, Capital Storming

(Energy Analytics Institute, 6.Jan.2021) — US Secretary of State Michael Pompeo comments on win-win mineral solutions in certain countries from DRC to Brazil as well as other issues related to US LNG and the violent storming of the US Capital building in Washington, DC by supports loyal to outgoing US […]

Peru Oil And Gas Industry Eyes Rebound

(Argus, 5.Jan.2021) — Peru’s oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability. With oil and gas fields, and the 200,000 b/d North Peruvian oil pipeline, shut down repeatedly by social conflicts and a […]

Venezuela’s New National Assembly Steps In

(Energy Analytics Institute, 5.Jan.2021) — Venezuela’s new National Assembly, elected in parliamentary elections on 6 December 2020, assumed power today in Caracas. Jorge Rodriguez will take over as the leader of the assembly, after unseating former assembly leader Juan Guaido, whose party boycotted the 6 December vote as they perceived […]

Exxon Spuds Bulletwood, Offshore Guyana

(Offshore Engineer, 5.Jan.2021) — U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana. The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. Westmount owns an indirect interest in the Canje Block as a result […]

Elías Matta To Continue Heading Energy Commission

(Energy Analytics Institute, 5.Jan.2020) — Elías Matta will retain his post as the president of the energy and petroleum commission of the National Assembly, sources in Caracas tell Energy Analytics Institute. __________ By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

Sungrow Shipments To The Americas Cross 10 GW

(Sungrow, 4.Jan.2021) — Sungrow, the global leading inverter solution supplier for renewables, announced recently that its cumulative shipments in the Americas hit a significant milestone of 10 GW by the end of 2020, underlining its position in the deep decarbonization of the local economy and its role as a big […]

Apache Creates Holding Company Structure

(Apache, 4.Jan.2021) — Apache Corporation announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically […]

Pattern Starts Building Wind Projects In NM

(Pattern Energy, 4.Jan.2021) — Pattern Energy Group LP completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power projects totaling more than 1,050 megawatts (MW), located in Guadalupe, Lincoln and Torrance Counties in central New Mexico. The projects […]

Petrobras Comments On IESA Oleo e Gas Case

(Petrobras, 4.Jan.2021) — Petrobras informs that an arbitral panel seated in New York, has issued an award in an arbitration initiated by IESA Óleo e Gás S.A. determining the payment of approximately $37mn, plus interest, by its wholly-owned subsidiary Petrobras Netherlands B.V. (PNBV) and the payment of approximately $33mn, plus […]

EOG Resources Promotes Ezra Yacob To President

(EOG Resources, 4.Jan.2021) — EOG Resources’ Board of Directors promoted Ezra Y. Yacob to President of EOG effective immediately. Since December 2017, Yacob has held the position of Executive Vice President, Exploration and Production responsible for EOG’s Fort Worth, Artesia and International operating areas. “Ezra Yacob has consistently demonstrated exceptional […]

Eurasia Group Publishes Top Risks For 2021

(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world’s industrial democracies. China is America’s strongest competitor, a state capitalist, authoritarian, and techno-surveillance state that is increasingly mistrusted by most G20 countries. Germany and Japan are much […]

Forestry Commission To Be Fully Operational Again

(DPI, 4.Jan.2021) — Minister of Natural Resources Hon. Vickram Bharrat has said the capacity of the Guyana Forestry Commission (GFC) has been strengthened and the entity would soon be fully operational again. Under the APNU+AFC Administration, the regulatory body was plunged into economic distress, leaving a trail of uncertainty in […]

Venezuela’s Oil Exports Sink To 1940’s Level

(Reuters, 4.Jan.2021) — Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump also put curbs on PDVSA’s main […]

United Airlines Going 100% Green By 2050

(Energy Analytics Institute, 4.Jan.2021) — Houston-based United Airlines announced plans to cut its greenhouse gas emissions. “We are going 100% green by 2050 by reducing our greenhouse gas emissions 100%,” United said in a corporate video posted on Twitter. “See how we’re making sustainability the new standard in flight.” “The […]

EP PetroEcuador Completes Merger With PetroAmazonas

(Energy Analytics Institute, 4.Jan.2021) — The long awaited merger of Ecuador’s two state oil and gas entities EP PetroEcuador and PetroAmazonas EP was approved by the South American country’s President Lenín Moreno. The restructuring of the two companies conclosed on 31 December 2020 and Moreno signed executive decree #1221 on […]

Asia

AES To Divest Mong Duong 2 Coal-Fired Plant In Vietnam

(AES, 4.Jan.2021) — The AES Corporation (AES) signed an agreement on 31 December 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or […]

Africa
Egypt

Egypt Signs 9 New Deals For Oil And Gas Exploration

(Arab News, 3.Jan.2021) — The Egyptian Ministry of Petroleum and Mineral Resources has signed nine new petroleum agreements to search for petroleum and natural gas in the Mediterranean and the Red Sea with six major international and Egyptian companies. Egyptian Minister of Petroleum Tarek El-Molla said that the ministry reached […]

Guyana Oil Company Doubled Profits In 2019

(The Rio Times, 3.Jan.2021) — GuyOil, the report notes, has been able to maintain a market share of just about 25% and in 2019 sales revenue totaled US$37.516 billion, an 8.5% decrease from the US$41.016 earned in 2018. Despite a reduction in sales due to a loss of public trust, […]

Africa
Egypt

Total Enters A New Operated Exploration Permit In Egypt

(Total, 3.Jan.2020) — An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean […]

Pemex Investigates Offshore Pipeline Fire

(Argus, 2.Jan.2021) — Mexico’s state-run Pemex is investigating the cause of a fire that broke out yesterday on a pipeline that carries hydrocarbons from an offshore production platform near Dos Bocas, Tabasco. Pemex shut the offshore pipeline that connects the platform to a separation facility near the Dos Bocas port […]

20 Companies: The Biggest Polluters In The World

(Insider Monkey, 2.Jan.2021) — In this article we are going to list the 20 companies that are the biggest polluters in the world. Click to skip ahead and jump to the 10 companies that are the biggest polluters in the world. Look, I don’t think there are many educated people […]

Total Asks Mozambique Staff To Leave Over Attacks

(Bloomberg, 1.Jan.2021) — Total SE asked some staff to vacate its $20 billion Mozambique liquefied natural gas project as Islamist militants are staging attacks increasingly closer to the site. Fighters linked to Islamic State raided a town less than 5 kilometers (3 miles) from the construction camp this week of […]

YPFB And IEASA Ink Fifth Gas Addendum

(Energy Analytics Institute, 1.Jan.2020) — Bolivia’s state oil and gas entity Yacimientos Petrolíferos Fiscales Boliviano (YPFB) and Argentina’s IEASA signed onto a fifth addendum to a natural gas purchase and sale agreement to guarantee continued bilateral energy trade between both countries in the new year. The volumes agreed under the […]

Trinidad And Tobago: GECF Country Brief

(Energy Analytics Institute, 1.Jan.2021) — Trinidad and Tobago is the leading producer of oil and gas in the Caribbean, and these resources play an important part in the economy. The country also supplies manufactured goods, notably food products and beverages, as well as construction materials to the Caribbean region. Oil […]

Brazil Eyes Oil Industry Reforms To Lure Investors

(S&P Global, 31.Dec.2020) — Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic, according to government and industry officials. The efforts will come during a period of […]

Q&A: Bolivia Doubles Down On Gas

(Argus, 31.Dec.2020) — Bolivia’s new government is looking to cut diesel imports by encouraging exploration with a focus on liquids and transitioning its transportation sector to natural gas, the country’s main export. In his first interview with English-speaking media, hydrocarbons minister Franklin Molina shared his perspective with Argus. Spain’s Repsol […]

Venezuela Briefs: Halliburton Layoffs

(Energy Analytics Institute, 31.Dec.2020) — Briefs from Venezuela related to Halliburton layoffs and the year end message from Petróleos de Venezuela (PDVSA) President Asdrúbal Chávez. Halliburton Lays Off Workers Halliburton Venezuela has been forced to lay off an unknown number of employees related to business restrictions owing to a license […]

Petrobras Comments On Gaspetro’s Divestment

(Petrobras, 30.Dec.2020) — Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 22 December 2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the […]

Petrobras Closes Equity Interest In Sete Brasil Group

(Petrobras, 30.Dec.2020) — Petrobras, following up on the release disclosed on 20 December 2019, informs that its Dutch subsidiary Petrobras Netherlands B.V. transferred, today, to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15% that it held in each of the […]

Heard Bolivia: Hydrocarbon Reserves, Ecological Fuels

(Energy Analytics Institute, 30.Dec.2020) — Heard on the street from Bolivia related to the Andean country’s plans to boost hydrocarbon reserves and development of projects related to producing ecological fuels. HEARD BOLIVIA — Bolivia’s Ministry of Hydrocarbons and Energy aims to increase activities as part of a plan to boost […]

University Of Los Llanos Inaugurate Meta Campus

(Ecopetrol, 30.Dec.2020) — Ecopetrol and the University of Los Llanos “Unillanos” gave the service the second phase of works of this educational institution at the boquemonte headquarters, in the municipality of Granada (Meta), which will benefit more than 2,000 students from this important region of Colombia. The investments were made […]

The Oil Industry Is Stuck in Virus Alley

(IHS Markit, 29.Dec.2020) — Prices won’t break out of the $40 to $50 range until consumption gets back to normal sometime next year. When will oil sustainably break out of the “Virus Alley”—that $40 to $50 band that has held oil prices in check for months? That’s Question No. 1 […]