COP25: Developing world Still Paying
(Asia Times, Vijay Prashad, 3.Dec.2019) — On Monday in Madrid, the 2019 UN Climate Change Conference – known as COP25 – began. Representatives of the world’s countries gathered to discuss...
UN Secretary Chief Guterres: “Point Of No-Return Hurtling Towards Us”
(Energy Analytics Institute, Aaron Simonsky, 1.Dec.2019) — UN Secretary-General António Guterres addressed the media in a press briefing one day ahead of the COP25 2019 to be held in Madrid,...
Equinor Says Brazil ‘Hotspot’ Of Int’l Efforts
(Reuters, 26.Nov.2019) — Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a "hotspot" of its international efforts, the...
JinkoSolar To Supply 950MW To X-ELIO
(JinkoSolar, 26.Nov.2019) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced it has delivered to X-ELIO, a leading company dedicated...
Valaris Announces New Contract Awards
(Valaris, 25.Nov.2019) — Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25,...
Höegh LNG Updates On Colombia, Other Ops
(Höegh LNG, 21.Nov.2019) — Höegh LNG Partners LP provided its quarterly outlook for the LNG market with details on its operations in Cartagena, Colombia. A subsidiary of the Partnership, as...
Venezuela Using Invisible Oil Tankers To Skirt Sanctions
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government of Nicolas Maduro from power,...
BPTT Reports Ginder Gas Find
(BPTT, 15.Nov.2019) — BP Trinidad & Tobago (BPTT) today announced that it has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be...
Rosneft Head Sechin Attends BRICS Summit In Brazil
(Rosneft, 15.Nov.2019) — During the visit of the President of the Russian Federation Vladimir Putin to the BRICS summit in Brazil, the Chief Executive Officer of PJSC Rosneft Oil Company...
Saipem Inks Subsea Contract In Guyana
(Saipem, 14.Nov.2019) — Milan-based Saipem has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara development project located in the...
Ramnarine Talks Of TT Energy Sector Crisis
(AZP, 13.Nov.2019) — There is a crisis in the energy sector in Trinidad and Tobago. This is the view of former energy minister Kevin Ramnarine after the announcement by Yara...
Yara Reports Closure Of Trinidad Ammonia Plant
(Yara, 13.Nov.2019) — Yara regrets to announce the closure of its wholly-owned ammonia plant in Point Lisas, Trinidad. The Yara Trinidad plant is one of three ammonia plants operated by...
NGC Acknowledges Cessation Of Yara Operations
(NGC, 13.Nov.2019) — The National Gas Company of Trinidad and Tobago Limited (NGC) notes the decision taken by Yara Trinidad Limited to cease operations of its ammonia plant located at...
Exmar’s First LNG Shipment In Argentina
(EXMAR, 12.Nov.2019) — Exmar announced the first commercial LNG cargo has left Argentina for export. It was produced on board Exmar’s Tango FLNG and is now being transported by Excalibur,...
LAC On Brink Of Massive Solar Power Growth
(IRENA, 12.Nov.2019) — Latin America and the Caribbean could grow their installed solar capacity by a factor of 40 by 2050, a new report by the International Renewable Energy Agency...
Rosneft Grapples With Unsold Venezuelan Oil
(Michelle Wiese Bockmann, 12.Nov.2019) — Rosneft’s trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened sanctions in August. Instead Venezuela...
Rosneft Cool On Venezuela’s Sweeter Gas Terms, For Now
(Argus, 6.Nov.2019) — Venezuela is offering sweeter fiscal terms to Russia's state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby Trinidad and Tobago, but the...
Repsol Lowers Venezuela Exposure
(Argus, 4.Nov.2019) — Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small provision and a rise in...
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...
Bolsonaro Wants Brazil In OPEC
(Reuters, Stephen Kalin, Rania El Gamal, Alex Lawler, 30.Oct.2019) — Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add...
Greta Thunberg And Extinction Rebellion
(Asia Nikkel, Vandana Hari, 22.Oct.2019) — Climate activism has gone mainstream. From 16-year-old Greta Thunberg's tongue-lashing of world leaders at the U.N. for "stealing" her dreams and childhood to the...
Enel Says Chile Ops Not Affected By Unrest
(Reuters, 21.Oct.2019) — Italy’s biggest utility Enel said on Monday its business in Chile had not been impacted by the unrest which has hit the country and prompted the government...
OFAC Gives Nynas AB Time
(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA's joint venture Nynas AB despite US sanctions on the Venezuelan oil sector, the US...
Chevron Venezuela’s Exit To Aid Putin’s Russia
(S&P Global Platts, Brian Scheid and Rosemary Griffin, 17.Oct.2019) — Chevron is pushing back against the Trump administration's plans to let the company's Venezuela sanctions waiver expire, arguing such a...
Venezuela Readies Handover Of PDVSA To Rosneft
(Tass, 16.Oct.2019) — The government of Venezuela is ready to hand over full control over its state-run oil company PDVSA (Petroleos de Venezuela) to Russia’s Rosneft, El Nacional newspaper said...
Naturgy And Sonatrach Ink Deal With Mubadala
(Naturgy, 15.Oct.2019) — Naturgy and Sonatrach entered into an agreement with Mubadala for the acquisition of the 42.09% stake that it holds in Medgaz. Following the completion of the transaction,...
Nayara Supplies Fuel To Rosneft For Venezuelan Oil
(Reuters, Nidhi Verma and Marianna Parraga, 15.Oct.2019) — India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than...
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...
Repsol’s Brufau Says Gas The Only Transitional Energy
(Energy Analytics Institute, Ian Silverman, 10.Oct.2019) — Repsol’s President Antonio Brufau said during a visit to Bolivia that natural gas is the only transitional energy. “All the countries that are...
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...
Petrobras And Equinor Ink NatGas Value Chain MOU
(Petrobras, 9.Oct.2019) — Petrobras, following up to the Strategic Partnership signed on 12/18/2017, celebrated a Memorandum of Understanding (MOU) with Equinor ASA – Equinor, a company based in Oslo (Norway),...
Reden And Natixis Close PMGD Solar PV Projects Financing In Chile
(Reden, 8.Oct.2019) — Reden Investments Chile SpA ("Reden Solar Chile") and Natixis have successfully closed senior facilities totaling US$96.4 million for the up-to-100MW portfolio of solar PV plants in Chile...
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to...
EDPR Secures New PPA For 100MW In Mexico
(EDP Renováveis, 30.Sep.2019) — EDP Renováveis, S.A. (EDPR) secured a Power Purchase Agreement (PPA) to sell the energy produced by a wind farm project of 100 MW. The contract is...
Brazil Approves 14 Firms For November Oil Tender
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the...
Eco (Atlantic) Reports Director Dealing
(Eco Atlantic, 26.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. notified that Gil Holzman, Chief Executive Officer and a Director of the Company, acquired 33,865 common shares in the company...
JinkoSolar Joins Green Initiatives: RE100 And EP100
(JinkoSolar, 25.Sep.2019) — JinkoSolar Holding Co., Ltd. has committed to the RE100 and EP100 initiatives. These global campaigns are led by The Climate Group, an international non-profit organization working closely...
LatAm Pledges 70% Renewable Energy
(Reuters, Valerie Volcovici, 25.Sep.2019) — Latin American countries have set a collective target of 70% renewable energy use by 2030, more than double what the European Union is planning, Colombia’s...
US Actions Against Entities Assisting Venezuela
(US Treasury, 24.Sep.2019) — On September 24, the United States designated four companies that operate in Venezuela’s oil sector as sanctioned, and identified as blocked property four vessels associated with...
JinkoSolar To Supply 300 MW To Project In Spain
(JinkoSolar, 24.Sep.2019) — JinkoSolar Holding Co., Ltd. signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar's ultra-high efficiency Cheetah modules to be...
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...
Eco Atlantic Reports 2nd Oil Discovery Offshore Guyana
(Eco, 16.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. announces a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth...
Tullow Announces Joe-1 Oil Find Offshore Guyana
(Tullow, 16.Sep.2019) — Tullow Oil plc announces the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled...
CNPC Skips Venezuelan oil Loading For Second Month
(Reuters, Chen Aizhu, 10.Sep.2019) — China National Petroleum Corp (CNPC), a leading buyer of Venezuelan oil, will skip cargo loadings for a second month in September as the state oil...
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...
Eco Atlantic Spuds Joe-1 Well Offshore Guyana
(Eco, 27.Aug.2019) — Eco (Atlantic) Oil & Gas Ltd. said drilling of the Joe prospect has commenced offshore Guyana, the company's second exploration well on the Orinduik Block. Joe-1 was...
Eco (Atlantic)’s Incentive Plan – Grant of RSUs
(Eco, 23.Aug.2019) — Eco (Atlantic) Oil & Gas Ltd. granted 3,000,000 Restricted Share Units to directors, officers and advisers, of which 2,900,000 are to existing Executives and Directors, pursuant to...
Equinor Signs Deal With YPF
(Zacks Equity Research, 22.Aug.2019) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the...
Equinor Inks Deal With YPF, Expands In Argentina
(Zacks, 22.Aug.2019 ) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the CAN...
Equinor And YPF Ink Offshore Exploration Deal
(Equinor, 21.Aug.2019) — Equinor’s executive vice president for Exploration, Tim Dodson, and YPF's CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in...
15 Guyanese Companies To Attend Aberdeen Exhibition
(Stabroek News, 20.Aug.2019) — The representatives of 15 Guyanese companies will be participating in an oil and gas conference and exhibition in Aberdeen, Scotland, next month. This was revealed yesterday...
‘The More Operators In Guyana’s Oil Fields The Better’
(Stabroek News, 20.Aug.2019) — Guyana is better off with more operators and countries involved in its oil fields, British High Commissioner to Guyana Gregory Quinn has said in wake of...
Trinidad Inks Definitive Agreement With Shell
(Ministry of Energy and Energy Industries, 19.Aug.2019) — The Honourable Minister of Energy and Energy Industries announces the finalization of negotiations between the Government and Shell Trinidad and Tobago Limited...
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...
PDVSA Partners Fear Latest U.S. Sanctions: Sources
(Reuters, Luc Cohen, 14.Aug.2019) — Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the South American country could disrupt...
Tullow Says Jethro-1 Well Finds 55M Of Net Oil Pay Offshore Guyana
(Tullow, 12.Aug.2019) — Tullow Oil plc announces the results of its Jethro-1 exploration well, drilled on the Orinduik licence offshore Guyana by its wholly owned subsidiary Tullow Guyana B.V. The...
Jethro-1 Delivers The Goods For Tullow Offshore Guyana
(WoodMac, 12.Aug.2019) — The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than...
Data Consortiums Signal The Future Of Oil And Gas
(WoodMac, 7.Aug.2019) — The energy industry has a data problem: Every major exploration and production company collects petabytes of data, but their analysis is limited to their own petabytes. Companies...
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...
Venezuela Oil Exports Slid 17.5% In July-Data
(Reuters, Marianna Parraga, 1.Aug.2019) — Venezuela’s oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run PDVSA finds fewer customers to...
Russian Fuel Flowing Miles To Crisis-Hit Venezuela
(Bloomberg, 1.Aug.2019) — Russian oil products are making their way to sanction-stained Venezuela, affording a reprieve for the Latin American nation as it battles persistent fuel shortages. Venezuela received at...
The U.S.’ Plan To Rebuild Venezuela After Maduro
(WSJ, Paulo Trevisani, 1.Aug.2019) — U.S. Commerce Secretary Wilbur Ross laid out a plan including credit and investment to help rebuild Venezuela’s economy under democratic rule, as Washington continues to...
Wintershall Dea And ConocoPhillips Team Up In The Prolific Neuquén Basin
(Wintershall, 25.Jul.2019) — ConocoPhillips is a new partner in the Aguada Federal and Bandurria Norte blocks with Wintershall Dea. The two companies will advance the development of the significant Vaca...
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....
Weatherford Awarded Contract With Colombia, South America Operator
(Weatherford, 24.Jul.2019) — Weatherford International plc announced a contract win with a Colombia, South America operator to migrate seven LOWIS® sites (3,000 wells) to the Company's ForeSite® Production Optimization software...
Core Lab Reports 2Q:19 Results
(Core Laboratories, 24.Jul.2019) — Core Laboratories N.V. reported that continuing operations resulted in second quarter 2019 revenue of $169,000,000. Second quarter 2019 revenue was impacted by a mid-quarter divestment of...
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...
Sanctions Squeeze Venezuela’s EHCO Output
(Petroleum Economist, 18.Jul.2019) — Latin America's economically troubled oil giant faces the difficult task of significantly raising Asian crude grades. Venezuela's upgraders have been forced to stop upgrading extra-heavy crude...
Siemens Turbine Generator To Power Eni Mexico Area 1
(Siemens, 9.Jul.2019) — Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC's floating production, storage, and offloading (FPSO) vessel. Rendering of...
Valerie Bosse To Head Wintershall Dea In Brazil
(Wintershall, 9.Jul.2019) — Change at the top of Wintershall Dea in Brazil: Valerie Bosse is the new Managing Director of the Wintershall Dea Business Unit Brazil and is responsible for...
JinkoSolar Supplies 7.8MW To Two Plants In Hungary
(JinkoSolar, 5.Jul.2019) — JinkoSolar Holding Co., Ltd. announced that it has supplied I+D Energias with 7.8MW of solar modules which were installed at two PV power plants in Hungary. The...
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....
Eni Starts Production Offshore Mexico At Area 1
(Eni, 2.Jul.2019) — Eni has started the early production phase from the Miztón field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in...