GEORGETOWN, GUYANA (DPI, 16.Jul.2024) — The Environmental Protection Agency (EPA) has commenced the review of an application from ExxonMobil Guyana to develop a seventh oil project at the Hammerhead field in the Stabroek Block. According to the project summary on the agency’s website, this project is expected to add 120,000 to […]
Category: Latin America and the Caribbean
Monitoring of Offshore Produced Formation Water Releases
(EPA, 15.Jul.2024) — Produced Formation Water (PFW), sometimes called Produced Water (PW) is water trapped in underground formations that is brought to the surface during oil and gas extraction. This water has been in contact with the hydrocarbon-bearing formation and as a result, contains some of the chemical characteristics of […]
Record Production of S-10 Diesel at RPBC
(Petrobras, 15.Jul.2024) — In the second quarter of this year, the Presidente Bernardes Refinery (RPBC) in Cubatão (SP) recorded a record in the production of S-10 diesel. It produced 990,000 m³, surpassing the previous mark of 966,000 m³ in the third quarter of 2023. The figure is also higher than that […]
US-Mexico Energy Trade Value Fell in 2023
(EIA, 15.Jul.2024) — The value of all energy trade between the United States and Mexico decreased almost 15% from $77.8bn in 2022 to $66.5bn in 2023, adjusted for inflation. Lower fuel prices more than offset the increase in the volume of energy trade between the two countries. Energy trade value […]
Petrobras to Market Bunker with Renewable Content
(Petrobras, 11.Jul.2024) — Petrobras obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to market maritime fuel with renewable content. The company is the first in the country to receive authorization to deliver a bunker with 24% biodiesel to the market. VLS (Very Low Sulfur) B24, produced […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
Vista Reports 2Q:24 Results
(Vista, 11.Jul.2024) – Vista Energy, S.A.B. de C.V. reported financial and operational results corresponding to Q2 2024. Q2 2024 highlights: ____________________
Energy Chamber Welcomes Manatee FID
(Energy Chamber, 9.Jul.2024) — The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the final investment decision (FID) has been taken by Shell for the development of the Manatee field. This is a very significant development for Trinidad & Tobago and will help create stability for the country’s […]
Petrobras Inks Master Agreement with Yara Brasil Fertilizantes S.A.
(Petrobras, 9.Jul.2024) — Petrobras has signed a Master Agreement with Yara Brasil Fertilizantes S.A. as a next step in its negotiations to structure potential business partnerships in the fertilizer segment, production of industrial products and decarbonization of production, in line with the Memorandum of Understanding (MOU) signed by the parties on […]
Shell takes FID at Manatee in Trinidad and Tobago
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jul.2024, Words: 538) — Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken a final investment decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago. Manatee […]
Trinidad’s Minister Young Meets with DeNovo Execs
(MEEI, 9.Jul.2024) — The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met with DeNovo Energy Limited executives at the at the Ministry […]
Eni reveals new find offshore Mexico at the Yopaat-1 EXP exploration well in Block 9
MEXICO CITY, MEXICO (Fidencio Casillas, 8.Jul.2024) — Italian oil and gas giant Eni announced a new discovery at the Yopaat-1 EXP exploration well in Block 9. The well is located 63km off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. Preliminary estimates indicate […]
Hurricane Beryl Impact to the Port of Corpus Christi
(Port of Corpus Christi, 8.Jul.2024) — In response to the impacts of Hurricane Beryl, the Port of Corpus Christi Authority has now fully transitioned to Post-Storm Recovery in accordance with the 2024 Hurricane Readiness Plan. Port personnel are continuing to assess impacts; however no significant impacts have been reported. Port facilities, […]
Trinidad’s Minister Young Meets with Diplomatic Missions
(MEEI, 8.Jul.2024) — The Honourable Stuart R. Young SC, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries, met separately, with representatives of the diplomatic missions of Brazil and […]
Asian Energy inks MOU for land in Sonora, Mexico
SONORA, MEXICO (By Asian Energy Capital, 8.Jul.2024, Words: 770) — A significant step towards sustainable energy production and environmental preservation was taken by Aslan Energy Capital by signing an MOU for the acquisition of 35,000 hectares of land in Sonora, Mexico. The land will serve as the foundation for the pioneering ANEM […]
Emergency Fuel Supply Provided to Grenada after Beryl
(MEEI, 6.Jul.2024) — In response to the devastating impact of Hurricane Beryl on the islands of Grenada and Carriacou, the Government of the Republic of Trinidad and Tobago, through the Ministry of Energy and Energy Industries, has coordinated with Paria Fuel Trading Company Limited to deliver an emergency supply of fuel […]
3R on Approval of Merger of Enauta by CADE
(3R, 5.Jul.2024) — 3R PETROLEUM ÓLEO E GÁS S.A. and Enauta Participações S.A., under the terms of CVM Resolution No. 44, 23 Aug. 2021, regarding the transaction involving the merger of Maha Energy (Holding) Brasil Ltda. into 3R, and of the merger of Enauta shares into 3R, communicate to its […]
Petrobras informs on the Addendum to the Cessation Commitment (TCC)
(Petrobras, 5.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on 22 May 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (“TCC”) for Refining, signed in 2019, through which new obligations were agreed involving […]
Petrobras on Addendum to the TCC for Gas Sign with CADE
(Petrobras, 3.Jul.2024) — Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense (CADE) and Petrobras signed an addendum to the Terms of Cessation Commitment (”TCC”) for Gas, signed on 8 July 2019. As announced by Petrobras, the addendum results from […]
Termination of Contract for FPSO Cidade Santos Acquisition
(Enauta, 1.Jul.2024) — Enauta Participações, considering the Material Fact disclosed on 21 Dec. 2023, informs that it has notified MODEC of the termination of the contract to acquire FPSO Cidade de Santos, as provided by contract, which also provides for reimbursement to Enauta of 50% of the amount disbursed at […]
Petrobras on Transfer of Minority Stake in UEG Araucária S.A. (UEGA)
(Petrobras, 1.Jul.2024) — Petrobras, following up on the release disclosed on 23 Feb. 2024, in which it reported the signing of the contract for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA) to Ambar Energia S.A., announces today that it has closed the transaction. […]
EAI’s NRGBriefs: June 2024
(Energy Analytics Institute, 30.Jun.2024) — Energy briefs as well as others related to finance and projects during June 2024 including Wintershall Dea and its partners from TotalEnergies and Pan American Energy have started development drilling at the Fenix field in Argentina; Trendsetter Engineering has been awarded a significant contract by […]
Update on Capsized Vessel off Cove, Tobago
(MEEi, 29.Jun.2024) — The Ministry of Energy and Energy Industries advises that on 28 June 2024, the De-Inventory Phase of operations has been completed. All safely recoverable hydrocarbons from the wreck have been successfully pumped off the capsized barge, amounting to 32,303 barrels. The De-Inventory phase involved pumping hydrocarbons from the […]
Decisions of BODs of Ecopetrol
(Ecopetrol, 28.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, at its meeting held on 28 June 2024, appointed independent Director Gonzalo Hernández Jiménez as a member of the Audit and Risk Committee of the Board of Directors. The members of the Audit and Risk Committee are: Luis Alberto Zuleta Jaramillo (Chairman)Álvaro […]
Petrobras Informs on Unigel Contract
(Petrobras, 28.Jun.2024) — Petrobras, following up on the releases disclosed on 29 Dec. 2023 and 5 Feb. 2024, informs that the contract for Industrialization to Order (Tolling) signed with Unigel Group, signed on 29 Dec. 2023, did not have its conditions of effectiveness met within the established period (27 Jun. 2024) […]
Ecopetrol Reports Senior Management Changes
(Ecopetrol, 26.Jun.2024) — Ecopetrol S.A. informs that the Board of Directors, in its meeting held on 28 June 2024 adopted the following decisions: As part of the implementation of the new organizational structure, approved and reported on 6 June, the following appointments were made: Sandra Lucía Rodríguez, who currently serves as Vice President of […]
IGU Releases 2024 World LNG Report
(IGU, 26.Jun.2024) — Despite lower price, the growing global LNG market stays tight amid supply constraints, according to the 2024 IGU World LNG Report. Released today, the IGU’s 15th annual World LNG Report finds that global LNG trade grew by 2.1% in 2023, surpassing 401 million tonnes (MT). This global […]
Capstone Copper Announces First Saleable Copper Concentrate in Chile
(Capstone Copper, 25.Jun.2024) — Capstone Copper Corp. (TSX:CS) (ASX:CSC) announced that the first saleable copper concentrate was produced at its Mantoverde Development Project (“MVDP”) in Chile, as the mine advances commissioning and ramps up to full production levels. The unchanged key commissioning milestones at the MVDP include: First ore to the […]
Capstone Copper Announces First Saleable Copper Concentrate at MVDP in Chile
(Capstone, 25.Jun.2024) — Capstone Copper Corp. (TSX:CS) (ASX:CSC) announced that first saleable copper concentrate was produced at its Mantoverde Development Project (“MVDP”) in Chile, as the mine advances commissioning and ramps up to full production levels. The unchanged key commissioning milestones at the MVDP include: First ore to the primary crusher […]
Petrobras on New BOD Member Elections
(Petrobras, 28.Jun.2024) — The Petrobras Board of Directors elected the following members to the company’s executive board in a meeting held this Friday (06/28): Renata Baruzzi (Executive Director of Engineering, Technology, and Innovation), Sylvia dos Anjos (Executive Director of Exploration and Production), and Fernando Melgarejo (Executive Director of Finance and Investor […]
Petrobras, Gerdau and Naturgy Ink Deal for Gas Supply in Rio de Janeiro Free Market
(Petrobras, 21.Jun.2024) — Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau’s long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market […]
Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled
(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations. The third and final arbitrator has not […]
Fulcrum LNG Named to Help Guyana Develop its Gas Resources
(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company’s proposal was selected from among 17 submitted to Guyana for the […]
Grupo Carso Acquires 100% of Capital Stock of PetroBal
(Grupo Carso, 20.Jun.2024) — Grupo Carso, S.A.B. de C.V., following its notice dated 18 Dec. 2023, informs the investor public that since the stipulated conditions have been met and the corresponding regulatory authorizations obtained, on this date through its subsidiary Zamajal, S.A. de C.V., of which it owns 90% of […]
Petrobras Says FPSO Maria Quitéria en Route to Brazil
(Petrobras, 19.Jun.2024) — Petrobras said the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of […]
Ndustrial Expands Industrial Energy Platform into LatAm
(Ndustrial, 18.Jun.2024) — Ndustrial, the AI-powered energy intensity platform for industry, is expanding its presence throughout Latin America to meet strong customer demand to drive down industrial energy costs and emissions. The company is deploying its technology at more than a dozen industrial facilities from Chile to Mexico, with native functionality in Spanish, Portuguese and English. […]
Petrobras Inks Protocol of Intentions with the Government of Rio de Janeiro
(Petrobras, 18.Jun.2024) — Petrobras, on 18 Jun. 2024, signed a Protocol of Intentions with the Government of the State of Rio de Janeiro to carry out joint studies to feasibility of implementing an offshore wind energy pilot project. The agreement provides for the establishment of cooperation mechanisms, with the alignment […]
UN Agency Recommends New Maritime Traffic Measures in the Santos Basin
(Petrobras, 18.Jun.2024) — This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil […]
Mexican Billionaire Carlos Slim Wants to Join Pemex in Deepwater Natural Gas Project
(Reuters, 17.Jun.2024) — Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon’s team were discussing ways to […]
Vizsla Silver Announces Shareholder Approval at Special Meeting
(17.Jun.2024) — Vizsla Silver Corp. announced that Vizsla Silver shareholders (“Shareholders“) approved the plan of arrangement (the “Arrangement“) with Vizsla Royalties Corp. (“Spinco“) at the special meeting of Shareholders held today (the “Meeting“). Under the Arrangement, the owners of common shares of Vizsla Silver (each a “VZLA Share“) are entitled […]
Ecopetrol Authorized to Execute Loans with Local Banks for COP 1tn
(Ecopetrol, 17.Jun.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that through Resolution 1671 of 14 Jun. 2024, the Ministry of Finance and Public Credit (MHCP) authorized Ecopetrol to execute a loan agreement for up to 1tn Colombian pesos (COP). The loan is expected to be executed with Banco de Bogotá S.A. (COP 642bn), […]
Petrobras on Adherence to PGFN-RFB Transaction Public Notice 6/2024
(Petrobras, 17.Jun.2024) — Petrobras, in continuity to the notice to the market disclosed on 8 Apr. 2024, informs that the Board of Directors approved, with 10 (ten) votes in favor, today, the company’s adherence to the PGFN-RFB Transaction Public Notice 6/2024 (tax disputes of significant and widespread legal controversy), which […]
NFE Eyes First LNG in Days, First Cargo in July
(Energy Analytics Institute, 14.Jun.2024) — New Fortress Energy (NFE) updated the timing of its first LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The company has made tremendous progress on its path towards the start of liquefaction operations, it said 14 Jun. 2024 in an official […]
Trendsetter Wins Contract with Trident Energy do Brasil
(Trendsetter, 13.Jun.2024) — Trendsetter Engineering has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil. This contract encompasses the design and manufacture of the subsea manifolds, associated pipework, and mudmat foundations. This contract award […]
Petrobras Comments on Closure of Metanor Sale Process
(Petrobras, 13.Jun.2024) — Petrobras, in continuity with the Material Fact disclos ed on 27 Oct. 2022, informs that, observing the applicable internal governance, the closure of the competitive process for the full sale of Petrobras’ stake, corresponding to 50% of the voting capital and 34.54% of the total capital, in […]
Peru LNG Doubles Natural Gas Supply
(PERU LNG, 13.Jun.2024) — PERU LNG is reinforcing its commitment to the massification of natural gas with the construction of the second loading station to dispatch liquefied natural gas through trucks. This system allows its distribution through trucks, known as “virtual pipelines,” and is taking natural gas to 10 regions in […]
Mexico’s Sheinbaum seen Tapping Political Heavyweights for State Energy Jobs
(Reuters, 12.Jun.2024) — Mexico’s former foreign minister, the scion of a legendary political family, and a party boss are in contention for top energy-related jobs in President-elect Claudia Sheinbaum’s government, sources said, suggesting political savvy will trump technical expertise in running state energy companies. The cabinet of President-elect Claudia Sheinbaum […]
TST Ratifies Deal to Recall Former ANSA Workers
(Petrobras, 12.Jun.2024) — Petrobras informs that the Superior Labor Court (TST) ratified, on 12 Jun. 2024, the agreement for the recall of approximately 250 workers by Araucária Nitrogenados S/A (ANSA), a Petrobras subsidiary. The agreement proposed by the Labor Prosecutor’s Office was ratified by the TST. The recalled professionals are […]
Petrobras Updates on Dividends and Interest for 1Q:24
(Petrobras, 11.Jun.2024) — Petrobras, following the Material Fact of 13 May 2024, informs that, as a result of the share buyback program, there was a change in the number of treasury shares. Thus, the gross value of dividends and interest on equity per share to be paid based on the […]
Oceaneering Announces Manufactured Products Contracts with Petrobras
(Oceaneering, 10.Jun.2024) — Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (Petrobras) through a competitive bidding process. The expected aggregate net revenue is in the range of $120mn to $183mn. Oceaneering is contracted to supply up to 362 kilometers, […]