Author: ENERGY ANALYTICS INSTITUTE (EAI)
BlackRock Notifies Petrobras Of Relevant Shareholding Position
(Petrobras, 6.Dec.2018) â Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, was notified by BlackRock, Inc. that the latter has acquired preferred shares issued by the company and as of December 4, 2018 it manages share interests of approximately 5% of preferred shares issued […]
Brazil Warns Against Sidelining Poorer Countries On Climate
(AP, 6.Dec.2018) â Brazil warned Wednesday against freezing developing nations out of negotiations at the UN climate summit, suggesting this could lead to an acrimonious collapse in talks as seen in Copenhagen nine years ago. Accusations of back-room deals arenât uncommon at such meetings, where diplomatic huddles often last late […]
Frontera Announces Shareholder Value Enhancement Initiatives
(Frontera Energy, 6.Dec.2018) â Frontera Energy Corporation announced full year 2019 plan and guidance information. All values in this news release and the companyâs financial disclosures are in United States dollars, unless otherwise noted. Gabriel de Alba, Chairman of the Board of Directors, said: âFronteraâs 2019 plan delivers on the […]
Frontera Energy Announces Dividend
(Frontera Energy, 6.Dec.2018) â Frontera Energy Corporation announced that its board of directors has declared dividend of C$0.33 per common share, which will be paid in cash on January 17, 2019 to shareholders of record at the close of business on January 3, 2019. The dividend is designated as an […]
Petrobras’ 2019-2023 Business Plan
(Petrobras, 5.Dec.2018) â Petrobras reports that its Board of Directors has approved, in a meeting held yesterday, the 2040 Strategic Plan and the 2019-2023 Business and Management Plan, prepared in an integrated manner. 2040 Strategic Plan The Strategic Plan brings a new vision of an integrated energy company, aligned with […]
Venezuela’s Refinery Woes Send Fuel Imports Soaring -Internal Documents
(Reuters, Marianna Parraga, 6.Dec.2018) â Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters. The country with the worldâs largest crude reserves this […]
Mexicoâs New President Throws Down Gauntlet To Oil Majors
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) â Mexicoâs new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national oil companies by his predecessor but challenged them to pump oil quickly or no further oil fields would be offered. […]
Argentine Leader Sees Tough Road Ahead
(AP, 5.Dec.2018) â Argentinaâs president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his country confronts its economic crisis. President Mauricio Macri told The Associated Press in an interview that he took pride in […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) â Thanks to ExxonMobilâs run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said on Tuesday. The supermajor announced its tenth Guyana discovery this week, increasing the discovered recoverable resource in its Stabroek […]
Indiaâs ONGC Gets $32 Million Payment From PDVSA
(Reuters, 5.Dec.2018) â Indiaâs Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuelaâs state oil firm will be regular in making further payments, a senior […]
Putin Hosts Venezuela’s President, With Aid To Regime On Agenda
(ABCNews, Anastasia Bagaeva, 5.Dec.2018) â Venezuelan President Nicolas Maduro visited Moscow Wednesday for talks with Russian President Vladimir Putin. The Kremlin said assistance for Maduroâs regime was on the agenda. The two leaders will discuss Russian-Venezuelan trade and economic cooperation, the Kremlin said. Russiaâs aggregate investment in Venezuela currently exceeds […]
APR Energy Commissions 120MW Gas Turbine Plant In Dominican Republic
(APR Energy, 5.Dec.2018) â APR Energy announced the successful installation and commissioning of its 120MW power plant for AES Dominicana in the Dominican Republic. APR Energyâs project comprises four of the newest generation GE TM2500 mobile gas turbines. APR Energyâs gas turbine plant was assembled and ready for power generation […]