(Argus, 4.May.2021) — Venezuela’s government has incorporated the political opposition into its electoral board, another olive branch that puts pressure on the US administration to ease sanctions. But President Joe Biden’s administration has signaled that it is in no hurry to change course on Venezuela. In a closely monitored session […]
Category: Latin America and the Caribbean
BHP Reports First Oil From Ruby Offshore Trinidad And Tobago
(BHP, 4.May.2021) — BHP announced first oil production from the Ruby Project in offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field. The development consists of both oil and gas production from the Ruby and Delaware […]
LatAm Briefs: IPD On Sanctions On Venezuela, bp’s Looney On Transformation
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: IPD Latin America’s Managing Director David Voght on US’ sanctions on Venezuela and bp’s CEO Bernard Looney on the company’s evolution from an IOC to an IEC. IPD’s David Voght On US’ Sanctions On Venezuela […]
Ecopetrol Group Reveals 1Q:21 Results
(Ecopetrol, 4.May.2021) — Ecopetrol SA announced the Ecopetrol Group’s financial results for the first quarter of 2021, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial information is expressed in billions […]
Exxon To Change Compressor Manufacturer On Liza Unity, Prosperity
(DPI, 3.May.2021) — Minister of Natural Resources, Hon. Vickram Bharrat said ExxonMobil’s local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), will switch the manufacturer of the compressor equipment it uses, to ensure there is no flaring during future projects. This Minister made this disclosure on the sidelines of the […]
Petrobras Launches New Natural Gas Sales Products
(Petrobras, 3.May.2021) — Petrobras approved new contractual models for the sale of natural gas to distributors. The company will offer, in addition to the existing models, indexed to Brent oil price, a pricing alternative with less volatility, without giving up the alignment with international prices. The new model will be […]
LatAm Briefs: Wind Generation Capacity, Vaca Muerta Production
(Energy Analytics Institute, 3.May.2021) — Energy briefs from the Latin America and Caribbean region including: Latin America’s wind generation capacity expands between 2000-2019, production from Argentina’s Vaca Muerta formation continues to dominate production from the NeuquĂ©n Province and state oil and gas entity YPF inaugurates futuristic petrol station in Buenos […]
Suriname Shallow Offshore (SHO) Bid Round 2020/2021 Closes
(Staatsolie, 2.May.2021) — The Suriname Shallow Offshore (SHO) Bid Round 2020/2021 which was launched on 16 November 2020 has been closed for bid submissions as per 30 April 2021, in accordance with the timeline provided in the Instruction to Bidders. Staatsolie Maatschappij Suriname N.V. has received a total of ten (10) […]
Staatsolie Offers Forum Recordings On Local Content Service
(Staatsolie, 1.May.2021) — The recordings and presentation from the Local Content Service Forum held on 4 March 2021 are now available. You can find it here. The FAQ will be available soon. If you are not registered with the Suriname Supplier Portal, we invite you to register. If you are a […]
Venezuela’s Oil Exports Stabilize
(Reuters, 1.May.2021) — Venezuela’s April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters of its shipments headed to Asia and the Middle East, according to tanker tracking data and documents from state-run Petroleos de Venezuela. PDVSA’s exports have […]
Ecopetrol Reports On Sanction By ANLA
(Ecopetrol, 30.Apr.2021) — Ecopetrol S.A., informs that the National Authority on Environmental Licensing (ANLA), through Resolution No. 754 of 2021, declared the company responsible for carrying out works, during the construction phase of the hydrocarbon transportation system of the Poliducto Andino project, that would not have been covered by the […]
Mexico Port Works On US-Sanctioned Tankers That Transport Venezuela’s Oil
(Reuters, 30.Apr.2021) — Three Cuban-flagged tankers that are under U.S. sanctions for transporting Venezuelan oil to the Communist-run island have been serviced in the port of Veracruz on Mexico’s Gulf coast, according to vessel tracking data and industry sources. The maintenance work on the vessels — one of which was […]
Petrobras Commences Binding Phase For Divestment Of TBG And TSB
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 5 February 2021, informs the beginning of the binding phase regarding the sale of the totality of its stakes of 51% in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira de Gás S.A. (TSB). Potential buyers […]
Brazil Exploring Green Hydrogen
(Argus, 30.Apr.2021) — Brazil is hosting a growing number of green hydrogen initiatives as the government prepares a national hydrogen plan and regulations. Hydrogen specialist Lavinia Hollanda, founding partner at Escopo Energia, spoke to Argus about Brazil’s prospects for this emerging industry. What advantages does Brazil offer for developing green […]
Petrobras On Sale Of Braskem
(Petrobras, 30.Apr.2021) — Petrobras, regarding the piece of news published in the media, clarifies that its equity interest in Braskem is part of the non-core assets to divest by the company, as disclosed in the Strategic Plan 2021-2025. However, there is still no definition or decision about the sale model. […]
Enel Américas Files 2020 Form 20-F
(Enel, 30.Apr.2021) — Enel AmĂ©ricas (NYSE: ENIA), announced that its 2020 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission on 30 April 2021. Enel AmĂ©ricas is a company engaged in the electricity generation and distribution businesses in Argentina, Brazil, Colombia and Peru. […]
Petrobras Extends Maturity Of Revolving Credit Line
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 28 March 2019, has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25bn, for two more years. Thus, 63% of the total amount of the credit line, that is, $2.05bn, can […]
Exxon CEO Leads 1Q:21 Results Webcast
(Seeking Alpha, 30.Apr.2021) — Exxon Mobil Corporation (NYSE:XOM) hosted its 1Q:021 results conference call on 30 April 2021. What follows is a transcript of the call between company executives and analysts. Company Participants Stephen Littleton – VP, IR and Secretary Darren Woods – Chairman and CEO Conference Call Participants Devin […]
Exxon Highlights Deepwater Ops In Guyana And Brazil
(Energy Analytics Institute, 30.Apr.2021) — ExxonMobil’s deepwater projects offshore Guyana and Brazil generate returns over 10% with an oil price below $35 per barrel, the company’s CEO Darren Woods told analyst during a conference call on 30 April 2020. In Guyana, the executive said the following: the 5th and 6th […]
CSI Compressco Reports 1Q:21 Results
(CSI Compressco, 30.Apr.2021) — CSI Compressco LP (NASDAQ: CCLP) announced first quarter 2021 results. First Quarter 2021 Summary: Total revenues for the first quarter 2021 were $65.7mn, compared to $71.1mn in the fourth quarter 2020. Compression and related services revenue increased sequentially to $54.2mn in the first quarter 2021 compared […]
Pampa EnergĂa Files 2020 Annual Report
(Pampa EnergĂa, 30.Apr.2021) — Pampa EnergĂa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), the largest independent energy integrated company in Argentina, with participation in the electricity and gas value chain, announces today it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2020 […]
Golden Arrow Provides Update On Projects In Argentina, Chile, And Paraguay
(Golden Arrow Resources, 29.Apr.2021) — Golden Arrow Resources Corporation provided an update on exploration activities at its three most active projects, including the first results from the on-going trenching program at the Esperanza property of the Flecha de Oro gold project, Argentina. Phase I of the trenching program at Esperanza […]
Vista Oil & Gas Files Annual Report
(Vista Oil & Gas, 28.Apr.2021) — Vista Oil & Gas, S.A.B. de C.V. filed its annual report on Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (“SEC”) earlier today, and a Spanish-language 2020 Annual Report (the “Informe Anual CNBV“) with the […]
Hess Corp. Reports 1Q:21 Results
(Hess 28.Apr.2021) — Hess reported net income of $252mn, or $0.82 per common share, in the first quarter of 2021, compared with a net loss of $2,433mn, or $8.00 per common share, in the first quarter of 2020 that included impairment and other after-tax charges of $2,251mn. On an adjusted […]
Ecopetrol On Release Of 1Q:21 Results
(Ecopetrol, 28.Apr.2021) — Ecopetrol S.A. announces that on 4 May 2021 after market close, it will release its financial and operating results for the first quarter of 2021. On Wednesday, 5 May 2021 Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and one […]
Chile Speeds Up Plans To Shut Coal Plants
(S&P Global, 28.Apr.2021) — Chile plans to close half of its coal-fired power plants by 2025, 15 years ahead of a deadline to eliminate the fossil fuel from its power mix, Energy Minister Juan Carlos Jobet said April 28. “We are continuing to consolidate the age of clean energy and […]
Guyana’s President Comments On Energy Matters, Others
(Energy Analytics Institute, 28.Apr.2021) — Guyana’s President Mohamed Irfaan Ali  held a press conference on 28 April 2021 and discussed energy matters while touching on oil revenues and local content, among other issues. What follows here are highlights from his briefing. — “Granting of any new oil blocks will be […]
Big Carbon Gains From NGC’s Reforestation Project
(NGC, 28.Apr.2021) — After an extensive study of the large-scale reforestation project launched by The National Gas Company of Trinidad and Tobago Limited (NGC) 2005, it was found that 2,885 tons of Carbon have been sequestered, consisting 2,290 tons above ground and an additional 595 tons below ground. Significantly, the […]
Sempra Releases 2020 Corporate Sustainability Report
(Sempra 28.Apr.2021) — Sempra Energy (NYSE: SRE) released its 2020 Corporate Sustainability Report, highlighting the company’s actions to create long-term value for shareholders and other stakeholders by managing risks and capturing opportunities related to environmental, social and governance (ESG) factors. The company’s actions are anchored to its four key sustainability […]
Roadblocks Lifted At Argentine Fields
(Argus, 28.Apr.2021) — Protesters in Argentina have lifted roadblocks that had crippled shale oil and gas activity and thwarted fuel distribution for almost three weeks. Healthcare workers started blocking roads around the Vaca Muerta shale patch in Neuquen province on 7 April in an effort to secure higher pay. They […]
Hess Corp. CEO John Hess On 1Q:21 Results
(Seeking Alpha, 28.Apr.2021) — Hess Corporation reported its 1Q:21 results and held a conference call with analayst on 28 April 2021 to discuss the financial and operational details. What follows is the transcript of the call. Company Participants Jay Wilson – VP, IR John Hess – CEO Greg Hill – […]
TPHL Announces BODs Changes
(TPHL, 27.Apr.2021) — Trinidad Petroleum Holdings Limited (TPHL) announced the membership of the Boards of Directors of the companies in the TPHL Group, following the reconstitution by the Government of the Republic of Trinidad and Tobago of the Boards of Directors for TPHL and its subsidiary companies. The members of […]
TGS Files 2020 Annual Report
(TGS, 27.Apr.2021) — Transportadora de Gas del Sur S.A. filed its annual report on Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (SEC). The 2020 Annual Report can be accessed by visiting the company’s website at www.tgs.com.ar as well as on […]
Vista Oil Releases Sustainability Report
(Vista Oil & Gas, 27.Apr.2021) — Vista Oil & Gas, S.A.B. de C.V. announced the publication of its inaugural 2020 Sustainability Report, underscoring the company’s commitment to embed Environmental, Social and Governance (ESG) practices within its business strategy to create value in the present while building a better future for […]
Hess Finds Oil At Uaru-2, Offshore Guyana
(Hess, 27.Apr.2021) — Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru-2 well on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent. Highlights: — Adds to previous […]
ExxonMobil Finds Oil At Uaru-2 Offshore Guyana
(ExxonMobil, 27.Apr.2021) — ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 […]
ExxonMobil Pleased With Uaru-2 Appraisal Well: Senior VP Michael Cousins Says
(Energy Analytics Institute, 27.Apr.2021) — ExxonMobil’s Senior Vice President Michael G. Cousins commented on the company’s 19th oil find offshore Guyana in the prolific Stabroek Block. “I’m thrilled to share the news that ExxonMobil has encountered more reservoirs in our Uaru-2 appraisal well offshore Guyana. This represents continued success on […]
NGC, Proman Ink Interim Gas Supply Deal
(NGC, 27.Apr.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman Trinidad announce the resumption of an interim gas supply arrangement which would facilitate an immediate restart of MHTL’s M4 and M5000 methanol plants. This interim agreement was put in place while the commercial terms of […]
LatAm Briefs: Terpel LPG Station In Cartagena, Hess Conf. Call
(Energy Analytics Institute, 26.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Terpel inaugurating Colombia’s first LPG service station in Cartagena and Hess Corporation hosting its 1Q:21 conference call to talk about Guyana and other country developments within its portfolio. Terpel Inaugurates LPG Services Station in Cartagena […]
Argentina Ramping Up LNG Imports
(Natural Gas Intelligence, 26.Apr.2021) — Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, IntegraciĂłn EnergĂ©tica Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the BahĂa Blanca port. […]
Guyana Should Consider Oil Hedge Now
(Stabroek News, 26.Apr.2021) — December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our oil? Is it the people of Guyana or the oil companies? What follows is a letter to the editor about Guyana and consideration of implementing […]
Panama Canal Begins Transition To Become Carbon Neutral By 2030
(Panama Canal Authority, 26.Apr.2020) — The Panama Canal launched its process of decarbonizing its operations, with aims of becoming carbon neutral by 2030. “We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools, and identifying the changes needed to achieve efficiencies that […]
India In Talks With Guyana For Long-Term Crude Supply
(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order […]
Stakeholders: Young, Govt Must Provide Fiscal Incentives To Save Energy Industry
(Trinidad and Tobago Newsday, 23.Apr.2021) — A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector. Young was appointed the post earlier this week after the […]
Pan American Announces Expiration Of Tender Offer
(Pan American Energy, 23.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company, announced today that the previously announced tender offer for cash for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and […]
CGX To Use Maersk Rig For Kawa-1 Well
(CGX Energy, 22.Apr.2021) — CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC), joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc., operator of the Corentyne offshore block, has entered into an agreement (the “Drilling Contract”) with Maersk Drilling […]
Pro-Pemex Bill Clears Mexico’s Lower House
(Bloomberg, 22.Apr.2021) — Mexico’s lower house of congress on Wednesday approved a reform to the country’s hydrocarbon law that removes one of the linchpins to promote private competition against state-run oil company Petroleos Mexicanos. The lower house voted 301 in favor, 147 against and two abstentions to approve the proposal, which eliminates […]
Peru Presidential Hopeful Eyes Gas, Mine Takeovers
(Argus, 22.Apr.2021) — Peru could nationalize natural gas and mining assets if little-known presidential candidate Pedro Castillo wins a 6 June run-off ballot. Castillo, a far-left rural school teacher who favors greater state control over natural resources and strategic industries, enjoys a healthy lead over Keiko Fujimori, his populist rival […]
Protests Erode Argentina’s Shale Flow
(Argus, 21.Apr.2021) — Argentina’s shale oil and gas production is starting to decline and fuel shortages are worsening because of prolonged roadblocks by healthcare workers in Argentina’s southwestern province of Neuquen. The blockades, which started on 7 April and now number around 30, have led to production losses of some […]
SAS Strives To Combat Deforestation, Improve Reef Health And Lower Emissions
(SAS, 21.Apr.2021) — SAS’ commitment to creating a more sustainable future through social innovation is highlighted this Earth Day, as the analytics innovator works with the Amazon Conservation and the Healthy Reefs for Healthy People (HR4HP) Initiative, led by the Smithsonian National Museum of Natural History, to help address three […]