Tullow Announces Update And Guidance
(Tullow, 15.Jan.2020) — Tullow Oil plc issued this update and guidance in advance of the Group’s 2019 Full Year Results. “Tullow has ended 2019 with average production of 86,700 bopd...
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2020...
Brazil Targets Greek Tanker For Spill
(Argus, 1.Nov.2019) — Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast. Federal police say the Suezmax Bouboulina...
Bolsonaro Wants Brazil In OPEC
(AAWSAT, Mosaed al-Zayani, 31.Oct.2019) — Brazil's President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add the most significant new producer...
Venezuelan Oil Output Could Be Halved Without Chevron Waiver
(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a...
Qatar Petroleum Wins Three Blocks Offshore Brazil
(QP, 10.Oct.2019) — Qatar Petroleum has won exploration rights in three offshore blocks in Brazil, as part of two bidding consortia. The winning bids were announced by Brazil’s National Agency...
ANP 16th Round Attracts Record R$8.9bn Signings
(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments...
PDVSA Halts Blending At PetroPiar JV
(Argus, 16.Sep.2019) — Venezuela's national oil company PdV has suspended crude blending at its 210,000 b/d PetroPiar joint venture with Chevron because of storage constraints, according to multiple Venezuelan oil...
Petrobras Informs On Petrol Prices Due To Saudi Arabia Attacks
(Petrobras, 16.Sep.2019) — Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according...
Venezuelan Oil Exports At Lowest Level In 2019
(Reuters, Marianna Parraga, Mircely Guanipa, 3.Sep.2019) — Venezuela’s oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt...
Michelin Announces Theme For 20th Design Program
(Michelin, 30.Aug.2019) — Michelin North America will celebrate its 20th global design competition, Michelin Challenge Design, in 2020 by linking the past to the future of sustainable mobility. The 2020...
OPEC Sees Bearish Oil Outlook For Rest Of 2019
(Reuters, Alex Lawler, 16.Aug.2019) — OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals...
U.S. Expands Sanctions Against Venezuela
(WSJ, Vivian Salama, 6.Aug.2019) — The Trump administration imposed a total economic embargo against the government of Venezuela, a significant escalation of pressure against the regime of President Nicolás Maduro...
From Energy To Movies, TT Bids To expand Investment
(T&T Newsday, Clint Chan Tack, 1.Aug.2019) — Space may be the final frontier. But for TT, Africa is "the new frontier," as this country seeks to diversify its economy and...
Core Laboratories Sets Earnings Call Schedule
(Core Laboratories, 24.Jul.2019) — Core Laboratories N.V. scheduled a conference call to discuss Core's second quarter 2019 earnings announcement. The call will begin at 7:30 a.m. CDT / 2:30 p.m....
Fallout From Sweet Oil Deal For Venezuela’s Neighbors
(NPR, 20.Jul.2019) — It sounded like such a good idea at the time. The year was 2005. Global oil prices were climbing dramatically. Countries in the Caribbean were facing major...
Eni Awarded New E&P License Offshore Ghana
(Eni, 3.Jul.2019) — Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana....
Tullow Eyes Two Guyana Exploration Wells In 2H:19
(Tullow, 26.Jun.2019) — In Guyana, Tullow plans to drill two consecutive exploration wells in the second half of 2019 on the Orinduik licence with the Stena Forth drillship which is...
BPs’s Statistical Review Of World Energy, Edition 2019
(BP, 21.Jun.2019) — BP released its Statistical Review of World Energy, edition 2019, which provides a timely and objective insight into those developments and how that change can begin to...
Mozambique LNG Under Starter’s Orders
(WoodMac, 18.Jun.2019) — US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two...
Oceaneering Awarded Contract In Mozambique
(Oceaneering, 18.Jun.2019) — Oceaneering International, Inc announced that it has been awarded a contract by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, to supply...
Anadarko Announces Mozambique LNG FID
(Anadarko, 18.Jun.2019) — Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1, today announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This...
Ghana To Help Guyana’s Energy Sector
(Demerara Waves, 11.Jun.2019) — Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the...
Eco Reports Mobilization Of Stena Forth Drillship To Orinduik Block, Guyana
(Eco Atlantic, 10.Jun.2019) — Eco (Atlantic) Oil & Gas Ltd. announced mobilisation of the Stena Forth drillship which is now en route to Guyana from West Africa where it has...
McDermott Reveals Contract Deal For Mozambique LNG Development
(McDermott, 5.Jun.2019) — McDermott International, Inc. announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for...
OPEC Founder Venezuela Pumps Less Oil Than Three Of Its Neighbors
(Bloomberg, Lucia Kassai, 20.May.2019) —Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take...
Argentina Awards 18 Exploration Areas Offshore For $724 Million
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) — Argentina’s Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the country’s Finance Ministry announced May 17 in an...
Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’
(Reuters, Humeyra Pamuk, 16.May.2019) — French energy giant Total SA's planned acquisition of U.S. firm Anadarko's African assets is "perfectly fitting" with the company's overall strategy and helps play to...
JinkoSolar Prices Follow-on Offering Of 4,062,500 ADSs And Private Placement
(JinkoSolar, 15.May.2019) — JinkoSolar Holding Co., Ltd. announced priced the follow-on offering of 4,062,500 American depositary shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002...
LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards
(Energy Analytics Institute, Piero Stewart, 14.May.2019) — Heard on the street and LatAmNRG briefs related to OPEC’s Monthly Oil Market Report, EP PetroEcuador awards Trafigura deal to import 2,750,000 barrels...
Eni Reports New Light Oil Find In Block 15/06 Offshore Angola
(Eni, 14.May.2019) — Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery...
Rovuma LNG Development Plan Approved By Mozambique Government
(Eni, 14.May.2019) — Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural...
Ensign Energy Expands Into Mexico, Bahrain And Kuwait With Trinidad Acquisition
(Energy Analytics Institute, Jared Yamin, 13.May.2019) — Ensign Energy Services acquired an 89.3% interest in Trinidad Drilling Ltd., which marks the largest such purchase in the company's history, and adds...
What Does IMO 2020 Mean For Downstream, Upstream, LNG and Bulks Sector
(Woodmac, 7.May.2019) — Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in...
Oxy’s $8.8bn Total Deal ‘May Soothe Anadarko Shareholder Jitters’
(WoodMac, 6.May.2019) — In another bold move in its takeover battle with Chevron for Anadarko Petroleum, on 5 May said Occidental Petroleum entered into a binding agreement to sell Anadarko’s...
Calling Students Ages 13-18 Years Old To Participate In Science And Math Contest
(Breakthrough, 1.May.2019) — The Breakthrough Prize Foundation announced today the launch of its fifth annual Breakthrough Junior Challenge, a global student science and mathematics competition designed to inspire creative thinking...
Reuters Corrects Story Saying Venezuela Is Avoiding U.S. Sanctions by Funneling Oil Sales Through Russia
(The Moscow Times, 24.Apr.2019) — Reuters has corrected a story it published on April 18 saying Venezuela is funneling cash flow from oil sales through Russian state energy giant Rosneft...
Venezuela Imports Crude For The First Time In Five Years
(Bloomberg, Lucia Kassai, 24.Apr.2019) — Oil production in Venezuela has dipped so low that the owner of the world’s largest reserves is importing crude for the first time in five...
McDermott Awarded Petrochemicals Contract In Kuwait
(McDermott, 22.Apr.2019) — McDermott International, Inc. and Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC), today announced that KIPIC has awarded McDermott a technology contract...
CORRECTED-Venezuela Seeks To Collect Some Oil Payments Via Rosneft
(Reuters, 19.Apr.2019) — The cash-strapped government is becoming increasingly reliant on the Kremlin. (Corrects April 18 story to make clear Reuters could not determine payments were made under the proposed...
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
(Reuters, 18.Apr.2019) — All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, officials from the companies told Reuters. Indian refiners are...
Exclusive: Venezuela Skirts U.S. Sanctions By Funneling Oil Sales Via Russia
(Reuters, Marianna Parraga, 18.Apr.2019) — President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to...
Exxon Mobil Wins Three Exploration Blocks Offshore Argentina
(Reuters, 16.Apr.2019) — U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina. The three blocks...
Chevron Buys Anadarko In $50bn Cash-And-Stock Deal
(WoodMac, 12.Apr.2019) — Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, senior analyst, corporate analysis, said: “This is the biggest upstream deal since Shell and BG in...
Students Put Energy Efficient Cars To The Test At Shell Eco-marathon Americas
(Shell, 7.Apr.2019) — Make the Future Live California featuring Shell Eco-marathon Americas drew more than 1,000 students to Sonoma Raceway to compete for the title of most fuel-efficient vehicle. Northern...
Venezuela Blackouts Cut Oil Output by Half During March
(Bloomberg Fabiola Zerpa, 4.Apr.2019) — Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country’s crude production by half, according to people familiar with...
Venezuelan Exports Through The Eyes Of OPEC And Russia, Everything Is Fine
(IHS Markit, Liquid Bulk Principal Analyst, Maritime & Trade, Fotios Katsoulas, 20.Mar.2019) — With most experts anticipating Venezuela’s output to further decline over the next couple of weeks, PDVSA, the...
OPEC Releases MOMR With Oil Data Thru February 2019
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and...
Rick Perry Sees Venezuelan Crude Crisis Worsening: CERAWeek Update
(Bloomberg, Javier Blas, 11.Mar.2019) — OPEC officials are scheduled to meet for dinner with senior executives from North America’s booming shale oil industry on the sidelines of CERAWeek by IHS...
Gas Scarcity Could Turn Venezuela’s Crisis To Catastrophe
(AP, Scott Smith and Sheyla Urdaneta, 6.Mar.2019) — Marin Mendez leaned a shoulder into his rusty Chevy Malibu, rolling it forward each time the line of cars inched closer to...
Prioritizing Women In Efforts To Combat Climate Change
(Sigrid Kaag and Carlos Manuel Rodríguez, co-chairs of the NDC Partnership, 6.Mar.2019) — On March 8th, groups around the world will celebrate International Women’s Day, recognizing the achievements of women...
Why Billions Of Barrels Of Oil Go Untapped In Brazil
(Bloomberg, Peter Millard, 3.Mar.2019) — There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why...
Total Eyes Growth Shift From West Africa To Brazil, Gulf Of Mexico
(S&P Global Platts, 27.Feb.2019) — Total expects to see its market-leading oil and gas production growth driven by rising deepwater volumes from Brazil and the Gulf of Mexico over the...
Argentina, Bolivia And Chile Hold World’s Largest Lithium Resources
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 23.Feb.2019) — Argentina, Bolivia and Chile hold the largest lithium resources in the world and consequently in the Latin America and Caribbean...
Guyana Hopes Oil Will Bring Wealth – Not Corruption And Crisis
(The Conversation, 21.Feb.2019) — When ExxonMobil begins oil production in Guyana next year, mining crude from its seven new deepwater wells, life may change dramatically in this small South American...
Eco (Atlantic) Contracts Stena Forth To Drill Offshore Guyana
(Eco Oil & Gas, 20.Feb.2019) — Eco (Atlantic) Oil & Gas Ltd., along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V....
Eni’s Gulf Expansion Has Just Started: CEO
(Reuters, Stephen Jewkes, 15.Feb.2019) — Italian major Eni said it intends to expand in the Middle East after a spree of deals in the Gulf last year, pressing ahead with...
Portuguese Oil Firm Galp Girds For Belated Brazilian Boost
(Reuters, Andrei Khalip, 11.Feb.2019) — Portuguese oil company Galp said on Monday it expects higher crude output, refining margins and efficiency gains to deliver a steep rise in 2020 and...
Venezuelan Sanctions Could Squeeze European Fuel Oil Market
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
Sanctions Put Squeeze On Venezuela’s Output: Wood Mackenzie
(Wood Mackenzie, 2.Feb.2019) — The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have...
Fact Sheet: Hunt Oil In Peru
(Hunt Oil, 2.Feb.2019) — Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) is part of the Camisea Consortium and holds a 25.2% interest in the License Contracts related...
Bristow’s Market Outlook, Comments On Brexit
(Bristow, 31.Jan.2019) — Bristow Group Inc. provided a market outlook and comments on Brexit as well as selected regional perspectives. What follows are excerpts from Bristow’s quarter report for the...
Oil Industry Braces For Turmoil From U.S. Crackdown On Venezuela
(Reuters, 30.Jan.2019) — More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the...
U.S. Refiners To Feel Consequences Of Trump’s Venezuela Crackdown
(CNN, Matt Egan, 29.Jan.2019) — The United States and Venezuela are going through a painful divorce that will have sweeping consequences for the global oil industry. US oil prices surged...
Why China, Russia And Turkey Are Standing With Maduro
(CNN, Jack Guy, 29.Jan.2019) — Thousands took to the streets in Venezuela last week to demand the resignation of president Nicolas Maduro. Amid the protests, opposition leader Juan Guaidó declared...
Venezuela Crisis: Familiar Geopolitical Sides Take Shape
(Jamaica Gleaner, 25.Jan.2019) — Russia, China, Iran, Syria, and Cuba have come down on one side. The United States, Canada, and countries in Western Europe are on the other. As...
WoodMac On CNOOC Ltd’s Strategy: Guyana, Brazil
(WoodMac, 25.Jan.2019) — CNOOC Ltd announced its strategic plan for 2019, setting a bullish tone for the rest of the Chinese national oil companies to follow. Wood Mackenzie’s senior analyst...
Tullow Oil plc Updates On Activities In Guyana, Ghana, Kenya, Uganda
(Tullow, 16.Jan.2019) — Tullow Oil plc issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2018. This...
Petrobras Suspends Oil And Refined Products Trading With Vitol
(Reuters, 20.Dec.2018) — Brazil’s state-controlled oil firm Petroleo Brasileiro SA has suspended oil and refined products trading with Vitol, the company said in a statement to Reuters. Petrobras, as the...
ExxonMobil Named Large Cap Co., And Explorer Of The Year
(Energy Analytics Institute, Jared Yamin, 20.Dec.2018) — ExxonMobil was named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in...
IEA Head: U.S. Oil Production To Rise, Venezuela To Fall Further
(Oilprice.com, Tsvetana Paraskova, 20.Dec.2018) — U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the...
Quevedo, A General With No Experience, Is Now OPEC’s President
(S&P Global Platts, 19.Dec.2018) — OPEC enters a pivotal third year of production cuts in a volatile oil market with its least experienced minister at the helm. Venezuela’s Manuel Quevedo,...
Guyana, Russia And US Lead The Way In Oil And Gas Discoveries
(Chron.com, Jordan Blum, 17.Dec.2018) — The small South American nation Guyana led the way in 2018 for new oil and gas discoveries followed by Russia and the United States as...
Consumers Worry, Countries Fumble In Addressing Global Plastic Use
(Orb Media Inc., 14.Dec.2018) — New Orb Media Inc. reporting and data analysis shows consumers are extremely worried about plastic's impact on the world. There is widespread public confusion regarding...
LatAmNRG Briefs: Guyana, Peru, Venezuela, Trinidad
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 13.Dec.2018) — Heard on the street and other LatAmNRG briefs from South America’s Guyana, which expects first oil to start flowing in...