NGC, MHTL Ink Gas Supply Contract
(NGC, 4.Aug.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited (MHTL), part of the Proman...
LatAm Briefs: Ecopetrol Results, Guyana Oil Lift
(Energy Analytics Institute, 3.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific Metals Corp. commencing a diamond drilling program in Bolivia, Ecopetrol’s strong second quarter...
Ecopetrol Reveals 2Q:21 Results
(Ecopetrol, 3.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group's financial results for the second quarter and the first half of 2021. In words of Felipe Bayón Pardo,...
NGC Inks Zandolie Field Gas Sales Contract
(NGC, 4.Aug.2021) — DeNovo Energy Limited and The National Gas Company of Trinidad and Tobago (NGC) signed a Zandolie Field development Gas Sales Contract (GSC) for commercialisation of the Zandolie...
Brattle Welcomes Antitrust Expert
(The Brattle Group, 2.Aug.2021) — The Brattle Group welcomed economist Veronica Irastorza as a new Principal in its global Antitrust & Competition practice, based in San Francisco. Ms. Irastorza brings deep...
Ecopetrol Submits Binding Offer For ISA
(Ecopetrol, 2.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that during the meeting held on Friday 30 July 2021, its Board of Directors authorized the Legal Representative of the company...
Ecopetrol Approved For $1.2bn Credit Line
(Ecopetrol, 2.Aug.2021) — By means of Resolution 1824 of 30 July 2021, the Ministry of Finance and Public Credit authorized the execution of a contingent credit line ("Committed Credit Line")...
Eni Reveals New Oil Find Offshore Mexico
(Eni, 2.Aug.2021) — Eni announces an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water of the Cuenca Salina Sureste Basin,...
Santander Court Revokes Fine On Ecopetrol
(Ecopetrol, 2.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) was notified of the decision issued by the Administrative Court of Santander that voided the 22 December 2011 and 8 August 2016...
Petrobras On Refinery Sales Deadlines
(Petrobras, 30.Jul.2021) — Petrobras has celebrated a new addendum to the Term of Commitment to Cessation (TCC) signed with the Administrative Council for Economic Defense (CADE), with the purpose of...
Gold Fields’ 1H:21 Trading Statement
(Gold Fields, 30.Jul.2021) — Gold Fields Limited (JSE: GFI) (NYSE: GFI) advises that basic earnings per share for the six months ended 30 June 2021 (H1 2021) are expected to be...
Petrobras Inks Deal To Divest Power Companies
(Petrobras, 29.Jul.2021) — Petrobras, following up on the release disclosed on 11 September 2020, signed contracts for the sale of its 20% stakes in Termelétrica Potiguar S.A. (TEP) and 40%...
bpTT: Gas Forecast ‘Subject To Change’
(Trinidad and Tobago Newsday, 29.Jul.2021) — Energy company bpTT on Wednesday expressed concern and disappointment over a newspaper report which claimed there would be a major shortfall in natural gas...
S&P: We Expect Oil, Gas Output To Rise
(Trinidad Express, 29.Jul.2021) — Rating agency Standard and Poor's says it expects T&T’s oil and natural gas production to rise next year. But the rating agency, which assessed T&T as...
Ecopetrol Opposes Injunctive Related To ISA
(Ecopetrol, 29.Jul.2021) — Ecopetrol S.A. (BVC: Ecopetrol;NYSE: EC) reports that on 28 July 2021, it filed a statement in opposition to the preliminary injunctive relief requested within a public action (acción...
Ecopetrol To Host 2Q:21 Conf. Calls
(Energy Analytics Institute, 29.Jul.2021) — Colombia’s state oil giant Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) will release its financial and operating results for the second quarter of 2021 (2Q:21) on 3...
Frontera To Host 2Q:21 Results Conf. Call
(Energy Analytics Institute, 29.Jul.2021) — Frontera Energy Corporation (TSX: FEC) plans to release its second quarter 2021 (2Q:21) results after markets close on 11 August 2021. A conference call for...
TotalEnergies Exits Petrocedeño JV In Venezuela
(TotalEnergies, 29.Jul.2021) — TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate...
TotalEnergies Reveals Another Well In Suriname’s Block 58
(TotalEnergies, 29.Jul.2021) — TotalEnergies and Apache Corporation encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central,...
Equinor Sales Faja Stake To CVP
(Equinor, 29.Jul.2021) — Equinor and state-owned Petróleos de Venezuela (PDVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación...
WoodMac On Guyana And Suriname Exploration
(WoodMac, 29.Jul.2021) — Wood Mackenzie’s Latin America upstream senior analyst Luiz Hayum commented on the latest exploration results offshore Guyana and Suriname: “In a year thin of deepwater discoveries, Guyana...
LatAm Briefs: Train 1 Mothballing, CVP Appointments
(Energy Analytics Institute, 28.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: rising Brazilian imports of US LNG, Ecopetrol’s electric vehicles fleet, Hess reports 2Q:21 results, Trinidad...
ExxonMobil Reveals Oil Find At Whiptail
(ExxonMobil, 28.Jul.2021) — ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high...
S&P Upgrades Petrobras’ Credit Profile
(Petrobras, 28.Jul.2021) — Petrobras informs that the rating agency S&P Global Ratings raised its stand-alone credit profile (intrinsic risk) by one notch, from "bb" to "bb+". The agency affirmed the...
Petrobras Inks Contract To Divest Gaspetro
(Petrobras, 28.Jul.2021) — Petrobras, following up on the releases disclosed on 10 June 2020 and 30 December 2020, informs that it has signed a contract with the company Compass Gás...
Petrobras On Favorable Labor Lawsuit
(Petrobras, 28.Jul.2021) — Petrobras informs that, on this date, it became aware of a favorable decision handed down by the Minister Reporter of the Federal Supreme Court, in appeals filed...
Hess Corp.’s Transcript For Its 2Q:21 Results Call
(Seeking Alpha, 28.Jul.2021) — The earnings call transcript from Hess Corporation’s (NYSE:HES) second quarter 2021 earnings conference call on 28 July 2021. Corporate Participants Jay Wilson - VP, Investor Relations...
Hess Reveals Oil Find At Whiptail-1
(Hess, 28.Jul.2021) — Hess Corporation (NYSE: HES) announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail-1 well encountered 246 feet (75 meters) of net...
MEEI Minister Delivers Address At Atlantic LNG Event
(MEEI, 27.Jul.2021) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister The Honourable Stuart R. Young M.P delivered the feature address at...
Guyana Revives Hydro Project
(Trinidad Express, 27.Jul.2021) — The Guyana government says it is seeking to revive the 165 Megawatts (MW) Amaila Falls Hydropower project (AFHP) and hoping to start construction in 2022 with...
![Andrés Pastrana Talks Of Colombia Situation [Video]](https://energy-analytics-institute.org/wp-content/uploads/2021/08/Dionisio-Gutierrez-meets-with-Andres-Pastrana-768x432.jpg)
Andrés Pastrana Talks Of Colombia Situation [Video]
(Fundación Libertad y Desarrollo, 27.Jul.2021) — Dionisio Gutiérrez, President of Fundación Libertad y Desarrollo, recently met with the former president of Colombia, Andrés Pastrana, and discussed the political situation in...
Central America’s Private Sector Plays A Big Role In Corruption, Too
(World Politics Review, 27.Jul.2021) — The word corruption tends to evoke images of self-dealing politicians and bureaucrats, and for good reason. In Central America, graft is so endemic among public...
Canadian Solar Raises $100mn To Support Brazil Project Portfolio
(Canadian Solar, 27.Jul.2021) — Canadian Solar Inc. (NASDAQ: CSIQ) closed a BRL 500mn (approximately $100mn) financing facility with Brazilian banks BTG Pactual and Itaú BBA. Canadian Solar will use the...
bp Announces Cassia C Installation
(bpTT, 26.Jul.2021) — bp Trinidad and Tobago LLC (bpTT) announced the installation of the topsides of its Cassia Compression (Cassia C) platform off Trinidad’s east coast. The installation marks a significant milestone in...
Sanctioned Citgo At Disadvantage To Rivals
(Reuters, 23.Jul.2021) — Sanctions barring U.S. imports of Venezuelan crude put refiner Citgo Petroleum Corp at a disadvantage to better-financed rivals, the board chair named by Venezuela's political opposition for...
Venezuelans Enduring Day-Long Waits to Fill Gasoline Tanks
(Bloomberg, 23.Jul.2021) — Venezuela’s capital city is once again rationing gasoline after output at state-owned refineries slumped, forcing motorists to endure day-long queues to top off tanks. Shortages have returned...
Solaris Files La Verde Technical Report
(Solaris, 23.Jul.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces the filing of a technical report for La Verde further to its news release of 12 May 2021. As...
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s Neuquén region to 13 renewable projects identified by Colombia’s Ecopetrol...
Venezuela Snubs Sanctions With Oil Import
(Bloomberg, 22.Jul.2021) — Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power....
China’s CCPC Takes Center Stage In Iran
(Reuters, 22.Jul.2021) — A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington...
Shell Delivers First Natural Gas From Barracuda Project
(Shell, 22.Jul.2021) — Shell Trinidad and Tobago (through BG International, a subsidiary of Royal Dutch Shell plc) today announces that production has started on Block 5C in the East Coast...
Petrobras Highlights 2Q:21 Output, Sales
(Petrobras, 22.Jul.2021) — In 2Q21, Petrobras continued to operate safely and had a solid operating performance, despite the persistence of the pandemic scenario. The average production of oil, NGL and...
AbraSilver Resource Corp Joins OTCQX
(OTC Markets Group, 21.Jul.2021) — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced AbraSilver Resource Corp (TSX-V: ABRA; OTCQX: ABBRF), silver-gold...
US Extends Protection For Citgo
(Reuters, 20.Jul.2021) — The United States on Tuesday extended a measure protecting Venezuelan-owned U.S. refiner Citgo Petroleum Corp PDVSAC.UL from bondholders seeking a stake in the company to collect on...
![US Extends Citgo Protection [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/06/1200x627-ofac-lifts-sanctions-on-defense-minister-akar-as-us-turkey-tensions-ease-1581442611039-768x401.jpg)
US Extends Citgo Protection [PDF Download]
(Department of the Treasury, 20.Jul.2021) — The Office of Foreign Assets Control (OFAC) issued the following update to General License No. 5G related to PDVSA and Citgo Petroleum. Venezuela Sanctions...
bp To Send Carbon Offset LNG To Energía Costa Azul
(bp, 16.Jul.2021) — bp Gas Marketing Limited (bpGM), Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), entered into a contract for the delivery and receipt of the companies’...
Vale Gets Permission To Import LNG
(S&P Global, 15.Jul.2021) — Brazilian multinational metals and mining company Vale has received permission from ANP, Brazil's energy regulator, to import LNG for its own industrial uses. The company has...
ANP Authorizes To Import LNG
(Argus, 14.Jul.2021) — Brazil has authorized iron ore producer Vale to import LNG to serve its own heating demand. Brazilian oil and gas regulation agency (ANP) will allow Vale to...
Cyprus Emerges As sanctions Workaround For Venezuela
(Lloyd’s List, 14.Jul.2021) — Until last year, Greek shipowners accounted for 80% of crude lifted from Venezuela, undeterred by US sanctions. Then, six vessel-owning companies connected with four prominent owners...
Italian Court Accepts Extradition Request For Former Minister Ramirez
(Reuters, 14.Jul.2021) — An Italian court on Wednesday approved an extradition request for Venezuela’s former Oil Minister Rafael Ramirez, who is charged with corruption, Venezuelan state television said. Authorities in...
Bolsonaro Signs Law Authorizing Eletrobras Privatization
(Xinhua, 13.Jul.2021) — Brazilian President Jair Bolsonaro signed into law on Tuesday a bill approved by Congress that paves the way for the privatization of state-owned electric utility company Eletrobras,...
Guyana Re-launches Search For Co. To Market Govt’s Oil
(Reuters, 12.Jul.2021) — Guyana is re-launching a search for a company to market the government’s share of crude oil produced off the South American country’s coast to make the tender...
Washington Allows LPG Exports To Venezuela
(S&P Global Platts, 12.Jul.2021) — The US Department of Treasury granted a sanctions waiver July 12 allowing US companies to export or re-export LPG supplies to Venezuela, the first move...
Cox Energy Begins Capital Increase Process
(Cox Energy, 12.Jul.2021) — Cox Energy América, S.A.B. de C.V. (BIVA: COXA*), a renewable solar energy (photovoltaic) generating company, informs that it begun the preferred subscription rights process for holders...
Canadian Solar To Enter Energy Storage Project In Colombia
(Canadian Solar, 12.Jul.2021) — Canadian Solar Inc. (NASDAQ: CSIQ) has been awarded the first utility-scale battery storage project in Colombia of 45 MW / 45 MWh. The project was awarded...
Frontera Updates On Guyana Exploration
(Frontera Energy, 12.Jul.2021) — Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX Energy Inc. (TSXV: OYL) and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne...
US OKs LPG Exports To Venezuela
(Energy Analytics Institute, 12.Jul.2021) — The US Office of Foreign Assets Control (OFAC) issued general license no. 40 which allows “all transactions and activities related to the exportation or reexportation,...
Ecopetrol Reports Uptick In Oil Output
(Ecopetrol, 12.Jul.2021) — Ecopetrol S.A. (BVC: Ecopetrol; NYSE EC) informs about the recovery of its operations in the upstream, midstream, downstream and sales and marketing segments in Colombia, in connection...
LatAm Briefs: ENRE Fines, Zama Drama
(Energy Analytics Institute, 9.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: oil prices remaining above the $75/bbl mark, Argentina’s ENRE imposing fines on Edenor, an energy...
CGX Spuds Long-awaited Guyana Oil Well
(Argus, 8.Jul.2021) — Canadian independent CGX Energy, one of the early movers in Guyana's offshore play, spudded its first well in the South American country, 21 years after its initial...
Venezuela Resorts To Upgraded Oil For Refineries
(Reuters, 8.Jul.2021) — Venezuela's state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country's much-needed output of motor fuels, according to...
Guyana-US Relations Strong, Valuable
(DPI, 8.Jul.2021) — His Excellency Dr Irfaan Ali called the relationship between Guyana and the United States of America strong and valuable and pointed to greater partnerships between the two...
Ecopetrol Downgraded By Fitch
(Energy Analytics Institute, 7.Jul.2021) — Fitch Ratings downgraded Ecopetrol S.A.’s downgraded the state oil company's foreign currency and local currency Issuer Default Ratings to BB+ from BBB- with a Stable...
Eni Find Oil In Ghana’s Block 4
(Eni, 6.Jul.2021) — Eni announces a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban - 1X well is the second well drilled...
New Fortress Secures LNG Supply
(New Fortress, 6.Jul.2021) — New Fortress Energy Inc. (NASDAQ: NFE) reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE’s existing natural gas...
Patterson-UTI Energy To Buy Pioneer Energy Services
(Patterson-UTI Energy, 6.Jul.2021) — Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295mn, which includes the retirement of all Pioneer Energy...
Edenor Names Bleasdale As CEO
(Edenor, 6.Jul.2021) — Empresa Distribuidora y Comercializadora norte S.A. (Edenor; BYMA/NYSE: EDN), the largest electricity distribution company in Argentina, announces that the Chairman of the Board, Mr. Neil A. Bleasdale,...
AES To Retire More Than 1 GW Of Coal In Chile
(AES, 6.Jul.2021) — The AES Corporation (NYSE: AES) signed an agreement with the Government of Chile, represented by Chile's President Sebastián Piñera, together with Minister of Mines and Energy Juan...
LatAm Briefs: Rio Negro Drilling, Ecuador Production
(Energy Analytics Institute, 5.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: plans to reactivate 77 wells in Argentina’s Río Negro region, EP PetroEcuador and Repsol Ecuador...
Eco Atlantic Confident In Guyana Despite Jabillo-1 Setback
(ProActive, 5.Jul.2021) — Eco Atlantic Oil & Gas Ltd (LON:ECO, TSE:EOG) chief executive Gil Holzman remains confident in the Canje block, offshore Guyana, where Exxon is now lining up its...
Talos Energy Provides Update On Zama
(Talos Energy, 5.Jul.2021) — Talos Energy Inc. (NYSE: TALO) provided an update regarding operatorship for the company's Zama asset in offshore Mexico. On 2 July 2021, Talos was notified by...
Eco Atlantic Says Jabillo-1 Well Shows Non-commercial
(Eco Atlantic, 5.Jul.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) has received a detailed update from JHI Associates Inc. The Jabillo-1 well in the Canje Block, offshore Guyana, reached...
Swiss Insured Brazil Power 9.850% Notes Due 2032
(Swiss Insured Brazil Power, 2.Jul.2021) — Swiss Insured Brazil Power Finance S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated and existing under Luxembourg law, having its...
Seadrill On Restructuring Discussions
(Seadrill, 2.Jul.2021) — Seadrill Limited (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on 18 June 2021, the Issuer and...
Ecuador Races To Move Oil Pipelines
(Reuters, 1.Jul.2021) — Two dozen workers using six excavators cleared a strip of heavy forest in the foothills of Ecuador's Reventador volcano on an overcast June morning, rushing to carve...