ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Matson Takes Delivery Of ‘Matsonia’

(Matson, 18.Dec.2020) — Matson, Inc., a leading US carrier in the Pacific, took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off (“con-ro”) ships built for Matson by General Dynamics NASSCO. The two are the largest vessels of their kind ever built in the […]

CP Inks Hydrogen-Powered Locomotive Pilot Project

(Canadian Pacific, 18.Dec.2020) — Canadian Pacific plans to develop North America’s first line-haul hydrogen-powered locomotive. CP’s Hydrogen Locomotive Program will retrofit a line-haul locomotive with hydrogen fuel cells and battery technology to drive the locomotive’s electric traction motors. Once operational, CP will conduct rail service trials and qualification testing to […]

Gas South Completes Purchase Of Infinite Energy

(Gas South, 18.Dec.2020) — Gas South closed its acquisition of Infinite Energy. Gas South expects the acquisition to more than double its annual revenue to nearly $1bn and to expand its customer base to over 425,000 residential, commercial, industrial and wholesale customers throughout the southeastern U.S. Under the terms of […]

Petrobras On Deal In Arbitration Of Sete Brasil

(Petrobras, 17.Dec.2020) — Petrobras informs that, on this date, the payment of R$190mn was made to the Pension Fund of the Employees of the Bank of Brazil – Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain compensation from Petrobras for alleged […]

Facing An Economic Crisis, Colombia Turns To Fracking

(Sierra Club, 17.Dec.2020) — San Martín is full of oil men. This small, no-nonsense Colombian town in the department of Cesar, is hot, chaotic, and long accustomed to the presence of the petroleum industry. Ecopetrol, the state-owned oil company, is everywhere. Standing in the town center it is impossible not […]

Argentina’s Plan Gas 4 To Provide Some Cash Flow Stability

(Ftich, 17.Dec.2020) — The contracts that the Argentine Ministry of Energy recently awarded to natural gas producers in the country under Plan Gas 4 (PG4) may bolster somewhat cash flow stability for players in the country and at the same time increase these companies’ credit linkage to that of the […]

Q&A: Ecopetrol Ready To Compete, Ready For Change

(Argus, 16.Dec.2020) — Colombia’s state-controlled Ecopetrol had been diversifying crude exports with a commitment to quality before the market tailspin of 2020. Now the company is preparing to boost crude imports and compete on its home turf. Commercial and marketing vice president Pedro Manrique shared Ecopetrol’s experience with Argus. Edited […]

Asia

JinkoSolar Announces At-The-Market Offering of ADSs

(JinkoSolar, 16.Dec.2020) — JinkoSolar Holding Co., Ltd. filed a prospectus supplement to sell up to an aggregate of $100,000,000 of its American depositary shares (ADSs), each representing four ordinary shares, through an at-the-market equity offering program. The ADSs will be offered through Credit Suisse and Barclays as sales agents. Sales, […]

YPF Updates On Plan Gas 4

(YPF, 16.Dec.2020) — In compliance with the provisions set forth in article 73 of Law 26,831, YPF S.A. hereby informs the Audit Committee report is available to the shareholders at the company’s headquarters located in Macacha Güemes 515, City of Buenos Aires, in which the Audit Committee issued its opinion […]

bpTT Says To Dismiss 149 Employees

(bpTT, 16.Dec.2020) — In February 2020, we launched our new purpose: to reimagine energy for people and our planet and also announced a bold new ambition: to become a net zero (GHG emission) company by 2050 or sooner, and to help the world get to net zero. On 8 June […]

Moody’s Warns Of Pemex Downgrade

(Reuters, 15.Dec.2020) — Mexican state oil giant Pemex could sink deeper into junk territory if Mexico’s sovereign credit rating is downgraded, ratings agency Moody’s said on Wednesday. Moody’s stripped heavily indebted Pemex of its investment grade rating in April and downgraded it to junk status by cutting its rating to […]

KOMAX Desuperheaters Generating Energy

(Komax, 15.Dec.2020) — Komax Systems, Inc., has created a desuperheater that works for both gas and steam applications and is helping harness the energy of the future, liquified natural gas (LNG). The Purpose of Desuperheaters Desuperheaters are used to precisely control the temperature and pressure of steam in a variety […]

Spills In Venezuela Offer A Bleak Vision Of An Oil End

(Bloomberg, 15.Dec.2020) — Tropical rains have washed away most outward traces of the oil spill that ravaged Rio Seco this fall. But the fishing village in the shadow of Venezuela’s main refining hub bears the scars of deeper contamination. Boats with oil-stained hulls must now travel further out into the Caribbean to […]

CEMEX USA Offers Vertua® Low Carbon Concrete In US

(CEMEX, 15.Dec.2020) — CEMEX announced that Vertua®, its brand of low carbon ready-mix concrete, is now available in the U.S. after successful introductions in Mexico and Europe. The Vertua® line offers a range of products — including Vertua® Classic, Vertua® Plus and Vertua® Ultra — designed to achieve progressively greater reductions […]

Biden White House Faces A Rising China

(Reuters, 14.Dec.2020) — Donald Trump was clear with Latin America during his four-year administration: don’t do business with China. The message failed to hit home. As President-elect Joe Biden readies to enter the White House on Jan. 20, Beijing has tightened its grip over vast swathes of the resource-rich region […]

New Electricity Tariff In Cuba To Protect Vulnerable

(Prensa Latina, 14.Dec2020) — The new electricity tariff to be implemented in Cuba next January 1 as part of the monetary regulation process, will protect vulnerable families, a government practice in force on the island. Cuban Deputy Prime Minister Alejandro Gil explained that the increase in prices will occur in […]

Iran Uses Disguised Tanker To Export Venezuelan Oil

(Reuters, 14.Dec.2020) — A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the two countries’ latest tactics to expand their trade in defiance of U.S. sanctions. Venezuela and Iran have deepened their cooperation this year […]

Ecopetrol Eyes Capex of $3.5-$4bn In 2021

(Ecopetrol, 14.Dec.2020) — Ecopetrol S.A.’s Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3.5bn and $4bn. HIGHLIGHTS – The investment plan approved by the Board of Directors is oriented towards restoring the Ecopetrol Business growth’s path, increasing competitiveness, strengthening […]

Latin America and the Caribbean

ExxonMobil Reveals Emission Reduction Plans

(Exxon, 14.Dec.2020) — ExxonMobil plans further reductions in greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions. — Greenhouse gas plans consistent with goals of Paris Agreement — Sets 2025 greenhouse gas emission reduction plan: intensity of […]

Latin America and the Caribbean

Caribbean Refinery Sells First Product After Delay

(Reuters, 14.Dec.2020) — Caribbean refinery Limetree Bay Ventures sold the first oil product to a buyer in the Gulf Coast on Monday, according to a shipbroking source and Refintiv Eikon data, nearly a year after the long-shuttered facility was expected to restart. Oil major BP Plc took delivery of approximately […]

Biden Presidency To Reset US Sanctions Focus

(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US administration of president-elect Joe Biden an opportunity to try a more diplomacy-focused approach. Biden’s policy goal for Venezuela — ensuring a free and fair election […]

Asia

Maxeon Solar Technologies Joins The UN Global Compact

(Maxeon, 14.Dec.2020) — Maxeon Solar Technologies, Ltd. joined the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative. The company committed to be a Signatory of the Global Compact in its first full quarter of operations from its global headquarters in Singapore, having become an independent entity at […]

Braskem Announces Research Partnership

(Braskem, 14.Dec.2020) — Braskem, the largest polyolefins producer in the Americas and a leading producer of biopolymers in the world, has joined forces with the University of Illinois Chicago (UIC) to develop a new route for producing ethylene, a raw material used to make thermoplastic resins. This route will use […]

Talos Reveals Proposed $400mn Notes Offering

(Talos, 14.Dec.2020) — Talos Energy Inc. announced that Talos Production Inc., a wholly owned subsidiary of Talos Energy, has commenced an offering of $400mn in aggregate principal amount of new Second-Priority Senior Secured Notes due 2026 (the “new notes”). The company intends to use the net proceeds from the Offering […]

Algeria’s Absent President To Return To Country Soon

(Bloomberg, 13.Dec.2020) — Algerian President Abdelmadjid Tebboune made a surprise appearance Sunday, vowing to return soon to the North African nation after having undergone treatment for Covid-19 abroad. Tebboune, who’s 75, hadn’t been seen in public since flying to Germany in October, and little had been made public about his […]

Iran Mostly Contains Fire After Oil Pipeline Spill

(Reuters, 13.Dec.2020) — Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran’s second-largest refinery ruptured on Sunday because of a landslide, the head of the state company in charge of oil pipelines said. “Most of the fire … has been contained […]

Argentine And Bolivian Energy Ministers Discuss Gas

(Energy Analytics Institute, 11.Dec.2020) — Bolivia’s Hydrocarbons and Energy Minister Franklin Molina Ortiz held a virtual meeting with Argentina’s Energy Secretariat Darío Martínez to discuss issues related to a common energy agenda between both countries. The aim of the discussion was to strengthen ties based on the economic reactivation of […]

Brazil Removes 32 Sensitive, Offshore Blocks From Round

(S&P Global Platts, 11.Dec.2020) — Brazil’s National Energy Policy Council, or CNPE, dealt a sharp blow to the country’s offshore exploration and production program by removing 32 high potential but environmentally sensitive offshore blocks from the upcoming 17th bid round during the policymaking board’s Dec. 9 meeting. The removal of […]

Mexico Wrapping Up 2021 Oil Hedging Program

(Reuters, 11.Dec.2020) — Mexico is wrapping up purchases for the 2021 edition of an oil hedging program that insures its revenues from oil sales, sources familiar with the legendarily opaque trade said, following a particularly challenging year. Negotiations to purchase the bulk of the financial contracts that protect Mexico against […]

Venezuela Disrupts Plan To Attack Refinery

(Reuters, 11.Dec.2020) — Venezuela’s Oil Minister Tareck El Aissami said on Friday that authorities had disrupted a plan to attack Venezuela’s 146,000-barrel-per-day (bpd) El Palito refinery, and had arrested two suspects in the plot. El Aissami alleged, without providing evidence, that the planned attack had the support of the Colombian […]

Petrobras Inks Deal To Divest Onshore Sergipe Field

(Petrobras, 11.Dec.2020) — Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The […]

Petronas Finds Hydrocarbon In Offshore Suriname

(Petronas, 11.Dec.2020) — Petronas through its subsidiary, Petronas Suriname E&P B.V. (PSEPBV) made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52. PSEPBV is the operator of Block 52 and holds 50% participating interest, together with ExxonMobil Exploration and […]

Exxon And Petronas Find Oil Offshore Suriname

(Exxon, 11.Dec.2020) — ExxonMobil and Petronas have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator Petronas, and the discovery is being evaluated to determine its resource potential.“Our first discovery in Suriname […]

Total Closes Participation in the Energía Costa Azul LNG Export Project

(Total, 10.Dec.2020) — Total, Sempra LNG and IEnova signed binding agreements finalizing Total’s equity investment in the Energía Costa Azul liquefied natural gas export project (ECA LNG), located in Baja California, Mexico. Total now holds a 16.6% equity share of the project, for which the final investment decision was taken last […]

Europe

Grid Expert To Lead Smart Wires Europe

(Smart Wires, 10.Dec.2020) — Global power technology company, Smart Wires, announced that leading European electricity grid expert, Marie Hayden, has been appointed General Manager, Europe. Ms. Hayden is based in Dublin, Ireland, and will assume responsibility for the company’s European operations. Ms. Hayden has worked with Smart Wires for three […]

Petrobras Starts Marlim Cluster Non-binding Phase

(Petrobras, 10.Dec.2020) — Petrobras, following up on the release disclosed on 16 November 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters […]

Petrobras Eyes Dividend Payment For 2019

(Petrobras, 10.Dec.2020) — Petrobras informs it will pay, on Tuesday, 15 December 2020, dividends referred to the 2019 fiscal year, based on shareholding position as of 22 July, in connection to the Material Fact released on that date. The dividends to be paid will be adjusted by Selic interest rate […]

McDermott Awarded Deal By BHP For Trion Project

(McDermott, 10.Dec.2020) — McDermott International, Ltd announced it has been selected by BHP Petróleo Operaciones de México, S. De R.L. De C.V. to perform the preliminary Front-End Engineering Design (pre-FEED) extension phase for a Floating Production Unit (FPU) that could be installed in a water depth of approximately 8,200 ft […]

NASA To Provide Livestream Of Solar Eclipse

(NASA, 10.Dec.2020) — NASA will provide live coverage 14 December 2020, of a solar eclipse that will pass over South America, treating parts of Chile and Argentina to views of a total eclipse of the Sun. A Spanish-language program will air on NASA Television and the public channel on the […]

PdV Turns Refinery Repair Effort To Puerto La Cruz

(Argus, 10.Dec.2020) — PdV has restarted a crude distillation unit at its 190,000 b/d Puerto La Cruz refinery for the first time since 2017, but as with the Venezuelan state-owned company’s other refinery repair efforts, expanding and sustaining operations remains a challenge. Atmospheric distillation unit 1 (DA-1) restarted gradually over […]

NGOs Vital In Helping With Humanitarian Crisis [Video]

(Citgo, 10.Dec.2020) — NGOs and other private philanthropic groups are increasingly critical in helping address the deteriorating humanitarian crisis in Venezuela, according to three diverse panels of leading experts recently convened in Houston via webinar by the Simón Bolívar Foundation. Panelists from the international development and humanitarian relief sector pointed […]

Cheniere Commissions 1st CCL Train 3 Cargo

(Energy Analytics Institute, 9.Dec.2020) — Cheniere Energy announced the commissioning of its first cargo for “CCL’s Train 3 and also CCL’s 200th cargo, loading today onto the lovely La Mancha Knutsen.” Cheniere continues on track ahead of schedule on Train 3, the company said 9 December 2020 in a post […]

Trenes Argentinos And IEASA Ink Renewable Deal

(Energy Analytics Institute, 9.Dec.2020) — Argentina’s Energy Secretariat Dario Martinez and the country’s Transport Minister Mario Meoni signed a collaboration deal to stimulate investments in electricity generation projects using renewable sources. The deal involves Trenes Argentinos and IEASA, Martinez announced 7 December 2020 in a post on Twitter. “We agree […]

Venezuela Oil Production To Average 600,000 b/d In 2021

(Energy Analytics Institute, 9.Dec.2020) — Crude oil production from OPEC member Venezuela is expected to average 600,000 barrels per day in 2021, according to new estimates revealed by Ecoanalitica. The Caracas-based economic consultancy also expects Venezuela’s oil basket price to average $37.50 per barrel in 2021. __________ By Piero Stewart. […]

UK Hosts African Ministers Energy Symposium

(UK’s Department for International Trade or DIT, 9.Dec.2020) — The UK’s Department for International Trade (DIT) on 3 December 2020, hosted the first ever UK-Africa Renewable Energy Ministerial Symposium to deepen UK-Africa collaboration in the renewable energy sector. Bringing together British and African leaders, the symposium created a platform to […]

Hydro-Québec Launches EVLO

(Hydro-Québec, 9.Dec.2020) — Hydro-Québec launched EVLO Energy Storage Inc. (EVLO), a subsidiary that designs, sells, and operates safe, efficient and sustainable energy storage systems. These storage systems are intended mainly for power producers, transmission providers and distributors, as well as the commercial and industrial markets for medium- and large-scale storage. […]

Petrobras Concludes Sale Of Onshore Fields

(Petrobras, 9.Dec.2020) — Petrobras, following up on the release disclosed on 03/09/2020, has concluded the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, to Eagle Exploração de Óleo e Gás Ltda (Eagle). After fulfilling all […]

US Applauds Interim Govt’s “People’s Vote”

(US State Department, 8.Dec.2020) — The United States continues to support Interim President Juan Guaidó, the National Assembly, and the Venezuelan people in their struggle to restore democracy in their country. From December 7 to 12, the Venezuelan people will have the opportunity to voice their opinion of the illegitimate […]

Trafigura Wins Bid To Import Premium Diesel

(Energy Analytics Institute, 8.Dec.2020) — Ecuador’s state entity EP PetroEcuador awarded Trafigura Pte. Ltd. a deal to import 2,800,000 barrels of premium diesel. Trafigura won the deal with a differential of plus $0.37 per barrel. Approximately 46 qualified companies were invited to participate in the bid, of which six submitted […]

Energy Capital Vietnam And Gunvor Form Trade JV

(ECV, 8.Dec.2020) — Energy Capital Vietnam (ECV), a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced the formation of a joint venture (JV) with Gunvor International BV (Gunvor), one of the world’s leading independent energy commodities trading […]