(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Energy and Energy Industries Minister Stuart R. Young from his keynote speech done virtually during the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, natural gas production, and Atlantic LNG, among other topics. — “We intend […]
Category: Latin America and the Caribbean
Trinidad PM Rowley On The Energy Transition, Green Hydrogen
(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Prime Minister Keith Rowley from his keynote speech done virtually as part of the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, the country’s natural gas, and green hydrogen, among other topics. — “For the Government […]
![LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results](https://energy-analytics-institute.org/wp-content/uploads/2021/06/000_9BC4DK.jpg)
LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results
(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Westmount Energy Ltd. updating on its activities in Guyana-Suriname and Peru elections results showing Keiko Fujimori leading over Pedro Castillo. Westmount Updates On Activities In Guyana-Suriname [PDF Download] Westmount Energy provided details related to its […]
Young Plans Low-carbon Energy Future For Trinidad
(Trinidad and Tobago Newsday, 7.Jun.2021) — Minister of Energy and Energy Industries Stuart Young said at the first day of the Energy Conference 2021 that Trinidad and Tobago needs to balance its demand for energy with the transition to clean energy. To do this, Young said TT needs to invest […]
Westmount Re-starts Drilling At Jabillo-1, Canje Block, Offshore Guyana
(Westmount Energy, 7.June.2021) — Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) noted the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5 June 2021. Jabillo-1 is the […]
Urgent Need For Changes To Trinidad’s Fiscal Regime
(Trinidad Energy Chamber, 7.Jun.2021) — On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is to be able to attract investment […]
Argentina Dips Into Wealth Tax To Fund Gas Investments
(Argus, 7.Jun.2021) — Argentina will funnel $580 million collected from a new wealth tax to projects for rebuilding natural gas production from a recent slump, a key to averting shortages and stemming imports, Energy Secretary Dario Martinez said June 7. The secretariat is working with state-backed YPF, the country’s biggest […]
Mexican Court Extends Pemex Market Limit Ruling
(Argus, 7.Jun.2021) — A Mexican federal court reimposed market power limits on state-owned Pemex, including the mandate to publicly post wholesale prices, extending an initial temporary suspension of recent legislative reforms. The state-owned company will now have to resume submitting its wholesale prices, commercial agreements and product discount plans for […]
SEOGS2021 Highlights: Day 3
(Energy Analytics Institute, 3.Jun.2021) — Select highlights from 3 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from Staatsolie Upstream Director Rehka Bissumbhar to National Energy President Dr. Vernon Paltoo follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which […]
Maersk Inks Two-well Deal Extension In Brazil
(Mærsk, 3.Jun.2021) — Karoon Energy Ltd exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the […]
YPF On Audit Committee Availability In Buenos Aires
(Energy Analytics Institute, 3.Jun.2021) — Pursuant to the Regulations of the National Securities Commission (ComisiĂłn Nacional de Valores in Spanish) and the terms of Article 73 of Law No. 26,831, Argentina’s state entity YPF announced that the Audit Committee are available to the shareholders at the company’s registered office located […]
Venezuelan Oil, Masked As Malaysian, Rushes Into China Ahead Fuel Tax
(Reuters, 3.Jun.2021) — Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world’s top crude importer. China has over the past 12 months […]
Frontera’s CPE-6 Operations Impacted By Protests
(Frontera, 3.Jun.2021) — Frontera Energy Corporation (TSX: FEC) announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the company’s ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the company has reached its on-site […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the US’ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]
EP PetroEcuador To Tender For Oriente, Napo Crude Oils
(Energy Analytics Institute, 2.Jun.2021) — EP PetroEcuador will hold two new spot sales on 3 June 2021, including one for the export of 2,160,000 barrels of Oriente crude oil and another for the export of 1,080,000 barrels of Napo crude oil. The state oil entity is giving the winning companies […]
SEOGS2021 Highlights: Day 2
(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]
Excelerate Energy Says FSRU Exemplar Returns To Bahia Blanca
(Excelerate, 2.Jun.2021) — Excelerate Energy L.P. announced, the company’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas […]
W.K. Kellogg Names Alejandra Garduño MartĂnez Director Of LAC Programs
(W.K. Kellogg Foundation, 2.Jun.2021) — The W.K. Kellogg Foundation (WKKF) announced selection of Alejandra Garduño MartĂnez as the new director of Latin America and Caribbean programs, effective 1 June 2021. In this role, Garduño MartĂnez will provide leadership and oversight of the foundation’s longstanding investments in Mexico, Haiti and Latin America and […]
The SEOGS2021: Day 1 Brief
(Energy Advance, 1.Jun.2021) — The first day at SEOGS 2021 saw an incredible 454 unique viewers tuning in from over 170 different companies to hear from the President, government of Suriname and the NOC and event host Staatsolie. Major IOC’s, NOC’s and independents spoke about their current and future plans […]
The SEOGS2021: Day 2 Brief
(Energy Advance, 2.Jun.2021) — Day 2 at SEOGS saw the total audience grown to 624 participants with over 509 engaged users. We welcomed the theme of sustainable development of natural resources for the benefit of all and covered topics of oil and gas best practice, HSSE, FPSO’s, drilling and deepwater technology, […]
Life Expectancy For Colombia’s Proven Oil Reserves Closed 2020 Stable At 6.3 Years
(Reuters, 1.Jun.2021) — Colombia’s proven oil reserves at the end of 2020 were equivalent to 6.3 years’ worth, stable versus 2019, despite declining 11% to 1.82 billion barrels as lower oil prices caused exploration activity to slump, the government said Tuesday. Proven reserves – also known as 1P reserves – […]
Atlantic LNG Gets New CEO
(Atlantic LNG, 1.Jun.2021) — LNG producer Atlantic will transition to a new Chief Executive Officer, effective August 1. Incumbent CEO Dr. Philip Mshelbila will return to his parent company, Shell, after a successful 3-year term at Atlantic. Over the next two months, Dr. Mshelbila will oversee the transition to incoming […]
SEOGS2021 Highlights : Day 1
(Energy Analytics Institute, 1.Jun.2021) — Select highlights from 1 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from President Chandrikapersad Santokhi to Staatsolie CEO Annand Jagesar follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which was held virtually from […]
Venezuela Adjusts As Sanctions Spur Western Oil Partners To Retreat
(Reuters, 1.Jun.2021) — Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews with a half dozen industry sources, as U.S. companies win a reprieve to maintain a limited presence […]
Panama Reveals Plans For $1bn Gas Plant
(Reuters, 1.Jun.2021) — Panama’s President Laurentino Cortizo announced on Tuesday the construction of a $1 billion plant for electricity generation using natural gas as the Central American country seeks to increase its share of cleaner energy. Called Gatun, the plant will be located at Isla Telfers near the port of […]
Venezuela Oil Exports Fell In May On Outages, Diluent Shortage
(Reuters, 1.Jun.2021) — Venezuela’s oil exports fell to 593,550 barrels per day (bpd) in May as a result of an outage in its main producing region and a lack of diluents to produce exportable grades, documents and tanker tracking data showed. The OPEC member’s oil shipments were stable at around […]
EOG Resources To Present At JP Morgan Conference
(EOG Resources, 1.Jun.2021) — EOG Resources, Inc. (EOG) is scheduled to present at the J.P. Morgan Energy, Power and Renewables Conference at 9:30 a.m. Central time (10:30 a.m. Eastern time) on Tuesday, 22 June 2021. EOG Resources President Ezra Y. Yacob will present on behalf of EOG. Please visit the […]
Final Investment Decision for Bacalhau Phase 1 in Brazil
(Equinor, 1.Jun.2021) — Equinor (operator) and ExxonMobil, Petrogal Brasil and PrĂ©-sal PetrĂłleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]
GoldMining Initiates Preliminary Economic Assessment For The SĂŁo Jorge Project
(GoldMining, 1.Jun.2021) — GoldMining (TSX: GOLD) (NYSE American: GLDG) is initiating a preliminary economic assessment (PEA) on its 100% owned SĂŁo Jorge Gold Project in Pará State, Brazil and announces the results of an updated Mineral Resource Estimate (MRE). Highlights: Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading […]
Suriname And The SEOGS2021 Set To Start
(Energy Advance, 1.Jun.2021) — Staatsolie’s inaugural address will Suriname Energy, Oil & Gas Summit, running from 1-3 June 2021. With H.E. Chandrikapersad Santokhi, President, Government of the Republic of Suriname giving a keynote address this morning the Suriname Energy, Oil & Gas Summit, 1-3 June 2021, hosted by Staatsolie Maatschappij […]
![Suriname Local Content Workshops [Free Registration]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/Main-Banner-Local-Content.png)
Suriname Local Content Workshops [Free Registration]
(Energy Analytics Institute, 31.May.2021) — Three local content workshops will be running during the last day of the Suriname Energy, Oil and Gas Summit (SEOGS) to be held virtually between 1-3 June 2021. The workshops will consist of panels of local, regional and global experts who will all discuss areas […]
Guyanese Citizens Challenge ExxonMobil Offshore Drilling On Climate Grounds
(The Guardian, 31.May.2021) — Guyana’s government is being taken to court by two citizens seeking an end to offshore drilling by ExxonMobil and other large oil firms that will exacerbate the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the […]
MPC Energy Provides 1Q:21 Update
(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]
Colombian Army Dismantles 2 Clandestine Refineries in the Catatumbo Region
(General Command of the Colombian Military Forces, 25.May.2021) — In military operations area control, Troops of Task Force Vulcano of the Second Division of the National Army, dismantle, in the municipality of TibĂş, Norte de Santander, two illegal refineries, which stored the raw petroleum stolen from the Caño LimĂłn – […]
Trinidad And Tobago Energy Conference 2021 (Virtual)
(Energy Analytics Institute, 28.May.2021) — The Energy Chamber of Trinidad and Tobago will host its virtual energy conference between 7-9 June 2021. Details, including the agenda, follow. Host: Energy Chamber of Trinidad and Tobago Theme: Leading the Caribbean’s Energy Transition Venue: Virtual Registration: Click here ____________________ By Steve Stewart. © […]
Brazil Faces Worst Dry Spell In 91 Years
(Reuters, 28.May.2021) — Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture while raising the risk of Amazon fires. Late on Thursday, the Electricity Sector Monitoring Committee (CMSE), which […]
Talos Energy Updates On ESG Initiatives Before Releasing ESG Report
(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]
![Trinidad Briefs: Touchstone Share Options And Share Purchase [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/qtq80-AWTvyy.jpeg)
Trinidad Briefs: Touchstone Share Options And Share Purchase [PDF Downloads]
(Energy Analytics Institute, 27.May.2021) — Energy briefs from the Latin America and Caribbean region including: Touchstone Exploration Inc.’s director share purchase and Touchstone’s annual share options. Touchstone Director Share Purchase [PDF Download] Touchstone announces the following purchases of company common shares as of 27 May 2021 (see PDF download). Touchstone […]
LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast
(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to rise slightly in 2021, according to estimates revealed by Ecoanalitica. Ecopetrol’s Reports Steady Loads At Barrancabermeja Refinery The loads at […]
![Hess Corp. Talks Guyana At UBS Event [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/hess2021-05-28-Agenda-original-pdf1.png)
Hess Corp. Talks Guyana At UBS Event [PDF Download]
(Energy Analytics Institute, 26.May.2021) — Hess Corporation presented at the UBS Global Energy Conference on 26 May 2021. What follows are key points and key slides from the discussion, including the corporation presentation (see PDF download), dominated by details on Guyana. Guyana Highlights: Preserve Long Term Value of Assets — […]
Hess eyes higher, new nameplate capacity at Liza Destiny FPSO
(Aaron Simonsky, Energy Analytics Institute, 26.May.2021, Words: 411) — The Liza Destiny floating production storage and offloading (FPSO) unit offshore Guyana in the Stabroek Block is expected to shutdown briefly in Nov. 2021 to install a new design flash gas compressor. Plans are to debottleneck or optimize the unit so […]
Ecopetrol Says Protests Impacting Its Operations
(Ecopetrol, 26.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation in Colombia whereby social protests have resulted in blockades of the country’s main roads and isolated […]
NRGBriefs: Pemex Deer Park Refinery Deal, Lasso Sworn In
(Energy Analytics Institute, 25.May.2021) — Energy briefs from the Latin America and Caribbean region including: Pemex’s Deer Park refinery acquisition being labeled a mistake by George Baker and Ecuador’s President Guillermo Lasso taking the helm in the South American oil producing country. LATIN AMERICA AND THE CARIBBEAN Pemex Deer Park […]
Touchstone Updates On Trinidad Operations
(Touchstone, 25.May.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an operational update, highlighted by the recovery of pressure gauges from the Cascadura Deep-1 well on the company’s Ortoire onshore exploration block in Trinidad (Touchstone 80 percent working interest operator, Heritage Petroleum Company Limited 20 percent working interest). As previously […]
Maduro Receives Harsh Economic Blow From An Unlikely Source: China
(Miami Herald, 25.May.2021) — A recently approved Chinese tax might translate into a severe economic blow to the Nicolás Maduro regime by almost doubling the importing cost of the oil that Venezuela sells in violation of the U.S. sanctions, analysts said. The Chinese government is set to start collecting the […]
LNG-short Peru Rationing Gas Distribution
(Argus, 24.May.2021) — One of Peru’s top natural gas distributors is rationing supply and exploring options after the early May outage of the Peru LNG liquefaction complex on which it relies. Gases del Pacifico-Quavii, a subsidiary of Colombia’s Promigas, lost supply around 7 May when a compressor broke down at […]
Shell to Sell Interest in Deer Park Refinery to Partner Pemex
(Shell, 24.May.2021) — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). […]
Pemex To Acquire Shell’s Interest In Deer Park Refinery
(Shell, 24.May.2021) — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, reached agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction […]
Enbridge, Fluxys, EIG Bid For Brazil’s Top Import Pipeline: Sources
(Reuters, 21.May.2021) — A consortium of Canada’s Enbridge, Belgium’s Fluxys and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil’s largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week. Petroleo Brasileiro SA, as Brazil’s state-run oil company […]