(Petrobras, 20.Sep.2022) — Petrobras, following up on the releases disclosed on 16 August 2022 and 8 September 2022, informs the beginning of the binding phase regarding the sale of 40% of its stake in the BM-POT-17 exploratory concessions, in which the Pitu well Discovery Assessment Plan is being developed (Blocks […]
Category: Latin America and the Caribbean
Urgent Need for Action on Trinidad’s Fiscal Terms: “Dax” Driver
(Energy Analytics Institute, 20.Sep.2022) — The Energy Chamber of Trinidad and Tobago head Dr. Thackery “Dax” Driver spoke 20 September 2022 on Trinidad’s TV6 Morning Edition about the upcoming national budget, and the urgent need for action on Trinidad’s fiscal terms to attract much needed investment to our energy industry. […]
Lightning Strike and Fire Didn’t Impact RPLC: El Aissami
(Energy Analytics Institute, 19.Sep.2022) — A lightning strike at the oxidation and water treatment lagoon of PDVSA’s Puerto La Cruz Refinery on 19 September 2022 didn’t impact the operations of the refinery, Venezuela’s Oil Minister Tareck El Aissami said during a telephone interview broadcast by the news channel Venezolana de […]
TotalEnergies Launches Fenix Offshore Gas Project
(TotalEnergies, 19.Sep.2022) — TotalEnergies approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%). […]
Petrobras Closes Offering of Commercial Notes
(Petrobras, 16.Sep.2022) — Petrobras, continuing the notices released on 19 August 2022 and 9 September 2022, hereby informs that the public offering of public distribution, with restricted distribution efforts, of the first (1st) issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in two series (Book-entry Commercial Notes) […]
Trinidad PM Rowley Engages in Energy Talks with US VP Harris
(Office of the PM of Trinidad and Tobago, 15.Sep.2022) — Prime Minister Dr the Hon. Keith Rowley joined other regional leaders at a meeting with US Vice President, Kamala Harris today (Thursday 15 September, 2022) in Washington, DC. The CARICOM leaders had open discussions with Vice President Harris on matters […]
TechnipFMC Inks Subsea Deal for Lapa North East Development
(Energy Analytics Institute, 14.Sep.2022) — TechnipFMC (NYSE: FTI) was awarded a significant engineering, procurement, construction and installation (EPCI) contract valued between $75mn-$250mn by TotalEnergies for the French company’s Lapa North East field in the pre-salt Santos Basin offshore Brazil. Under the deal TechnipFMC will reconfigure and install umbilicals and flexible […]
GoldMining Extends Mineralization At La Mina Project, Colombia
(GoldMining Inc., 13.Sep.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced additional assay results from its recently completed five hole 3,485 metre (m) drilling program on the La Garrucha target, located less than one kilometre to the east of existing mineral resources on the company’s 100% owned La Mina […]
Rowley: TT Must Secure Energy Future Now
(Trinidad and Tobago Newsday, 13.Sep.2022) — The Prime Minister is warning that unless investments are secured, declining natural gas levels could have dire consequences for the future of TT’s economy. Dr Rowley gave this grim warning at a media conference on Monday at the Diplomatic Centre, St Anns where he […]
Trinidad and Tobago PM’s Gas Warning
(Trinidad Express, 13.Sep.2022) — Prime Minister Dr Keith Rowley says if Trinidad and Tobago’s natural gas prospects do not improve in the next few years, this will have far-reaching consequences for Government revenues and for the quality of life of all citizens. Rowley said yesterday that this was why his […]
Guyana’s First Innovation Village at the Heart of Silica City
(Guyana Innovation Group, 13.Sep.2022) — The Innovation Village hopes to prepare citizens for a knowledge-based economy, foster a new tech startup scene, host innovative organizations from around the world and deliver the country a non-oil economy “sandbox” that will provide local and global solutions. In recent times, Guyana discovered one […]
Interoil’s August 2022 Production Report
(Interoil, 12.Sep.2022) — In August 2022, the average daily operated production from fields in Argentina and Colombia combined decreased by 48 boepd representing a decline of less than two percent compared with July. This is explained by some operational changes in Argentina especially in the Santa Cruz operation. In Argentina, […]
Trinidad PM Rowley’s Statement on Chats with Proman, BP & Shell
(Office of the PM of Trinidad and Tobago, 12.Sep.2022) — Ministerial interaction with oil, gas and petrochemical majors (Proman, BP & Shell) based in Europe. Proman – Zurich and Düsseldorf Proman is heavily invested in the oil and gas sector of Trinidad and Tobago in both the upstream and downstream. […]
Petrobras Downplays UFN-III Sale
(Energy Analytics Institute, 9.Sep.2022 — Brazil’s state owned Petrobras said rumors that it’s about to close the divestment process related to Nitrogen Fertilizer Unit III (UFN-III) with Yara Fertilizers were untrue. “As disclosed to the market on 29 August 2022, the project is in the binding phase, and has not […]
Petrobras on Commercial Notes Bookbuilding
(Petrobras, 9.Sep.2022) — Petrobras, in continuation of the notice released on 19 August 2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to […]
Equinox Gold Reports on Illegal Blockade, Suspension of Operations at Los Filos Mine
(Energy Analytics Institute, 8.Sep.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announced mining activities at its Los Filos Mine in Mexico have been temporarily suspended due to an illegal blockade by members of the nearby Mezcala community. Equinox said 8 September 2022 in an official statement that the […]
Pemex Acknowledges Releasing Methane Plume
(The Associated Press, 8.Sep.2022) — Mexico’s state-owned Petroleos Mexicanos oil company acknowledged Thursday it released a plume of methane, a potent greenhouse gas, in the Gulf of Mexico late last year, but said it was far smaller than Spanish researchers said. A report published in June by Spanish university researchers in the […]
Petrobras to Maintain Albacora Concession
(Petrobras, 8.Sep.2022) — Petrobras, following up on the release disclosed on 5 November 2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras’ portfolio. The company was negotiating with PetroRio […]
Petrobras on Divestment of Potiguar Basin Exploration Assets
(Petrobras, 8.Sep.2022) — Petrobras, following up on its release from 16 August 2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where […]
Maersk Secures Extension with Shell for Maersk Voyager Drillship
(Maersk Drilling, 8.Sep.2022) — Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract […]
GoGold Reports Additional Positive Drilling at El Favor East
(Energy Analytics Institute, 7.Sep.2022) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) revealed results of 7 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-136 intersected 1.1m of 1,625 g/t silver equivalent (“AgEq”) contained within 47.6m of 147 g/t AgEq, and hole LRGF-22-124 intersected 0.9m of 1,835 g/t AgEq contained […]
Colombia Government, Civil Society Talk Energy Transition
(Fossil Fuel Treaty.Org, 6.Sep.2022) — A unique and historic breakthrough is happening in Colombia where local and international experts, national government, and civil society are coming to the table to discuss Colombia’s energy transition within 15 years. Given the global energy crises and the climate emergency, Colombia’s ambitious plans make […]
Argentina Eyes Record Output from Vaca Muerta
(Reuters, 6.Sep.2022) — Argentina is on track to hit record oil output this year from its massive shale deposits, which are already responsible for record natural gas production, a key local official said on Tuesday, amid a national push to grow domestic energy supplies. Located in western Neuquen province, the […]
Petrobras on Chief Digital Transformation, Innovation Officer
(Petrobras, 5.Sep.2022) — Petrobras announced its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the […]
Petronas Expands Strategic Alliance with YPF in Argentina
(Petronas, 1.Sep.2022) — Petronas signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals and clean energy solutions. The MoU was formalised by Petronas President and Group Chief […]
Canadian Solar Awarded Battery Storage Project in Chile
(Canadian Solar, 1.Sep.2022) — Canadian Solar Inc. (NASDAQ: CSIQ) was awarded a 253 MWp solar plus 1,000 MWh battery energy storage project (“Zaldivar Project”) in Chile’s public tender CNE 2022/01 held by Chile’s Energy National Commission (CNE) in July 2022. The CNE awarded a total of 777 GWh/year of new generation backed by three different new […]
Vizsla Silver Advances ESG Initiatives, Provides Corporation Update
(Vizsla Silver, 1.Sep.2022) —Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) anounced continued progression on its environmental, social and governance (“ESG”) initiatives through a newly formed partnership with MetaVu and Blockhead Technologies who are creating a bespoke ESG reporting platform for all Inventa Capital companies. Vizsla Silver will be the first […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the matter said. Chevron’s authorization request is the California-based company’s latest attempt to have […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
FPSO Brazil Congress 2022 Returns in November!
(FPSO Network c/o Energy Analytics Institute, 31.Aug.2022) — Energy Analytics Institute (EAI) is proud to be a supporting partner for the upcoming FPSO Brazil Congress 2022. This event will be happening from 7-9 November 2022 at Rio Palace Othon, Rio de Janeiro, Brazil. Visit the website: https://www.fpsonetwork.com/events-fpsobrazilcongress As market trends continually evolve, […]
BHP, Caterpillar, and Finning to Replace Haul Truck Fleet in Chile
(Caterpillar, 30.Aug.2022) — BHP Group Limited (NYSE: BHP), Caterpillar Inc. (NYSE: CAT), and Finning International Inc. (TSX: FTT) announced an agreement to replace BHP’s entire haul truck fleet at the Escondida mine, the world’s largest copper producer, located in the Antofagasta Region, northern Chile. This agreement is part of the strategic equipment […]
Houston American Energy Provides Update on Operations in Colombia
(Houston American Energy, 30.Aug.2022) — Houston American Energy Corp. (NYSE American: HUSA) today provided an update with respect to 2022 operations and near term plans on the CPO-11 Block in Colombia. Houston American’s interest in the CPO-11 Block, and wells thereon, is held through our ownership interest in Hupecol Meta, […]
![Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/suriname-cover-source-staatsolie.png)
Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]
(Energy Analytics Institute, 29.Aug.2022) — A subsurface Suriname-Guyana Basin-wide concept study was performed incorporating historical well data and highlighting the presence of great quantities of gas resources. These estimated resources are in order of 14 Tcf with a 90% probability, state-owned Staatsolie announced 29 Aug. 2022 in its 2021 annual […]
Petrobras: Binding Phase Underway for UFN-III Divestment
(Petrobras, 29.Aug.2022) — Petrobras, following up on the release disclosed on 31 May 2022, informs that the binding phase concerning the full sale of the Nitrogen Fertilizer Unit III (UFN-III) is underway. Potential buyers qualified for this phase, in accordance with the criteria published in the teaser, received a process […]
Petrobras Comments on Braskem Divestment Process
(Petrobras, 28.Aug.2022) — Petrobras, regarding the news published in the media concerning the Braskem divestment process, reaffirms that its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026. Petrobras informs that it is not conducting any sales […]
Bolsonaro says Petrobras Privatization Possible Next Year
(Reuters, 26.Aug.2022) — President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if the president is re-elected in October. “Sachsida has this idea. I gave him the green light to discuss privatization of […]
Lula’s Plan to Keep Petrobras State-Controlled Is a Mistake, Minister Says
(Bloomberg, 26.Aug.2022) — Luiz Inacio Lula da Silva’s plan to keep Brazil oil giant Petroleo Brasileiro SA as a state-controlled company if elected again is a mistake, according to Energy Minister Adolfo Sachsida. Former president Lula, the front-runner for the October elections, has been promising to reverse years of cost […]
Moody’s Changes Ultrapar’s Outlook to Stable from Negative
(Moody’s, 26.Aug.2022) — Moody’s Investors Service affirmed Ultrapar Participações S.A.‘s Ba1 Corporate Family Rating and the Ba1 rating of the Backed Senior Unsecured Notes issued by Ultrapar International S.A., guaranteed by Ipiranga Produtos de Petroleo S.A. and Ultrapar. The outlook was changed to stable from negative. Affirmations: Issuer: Ultrapar Participacoes […]
Mantaro Precious Metals Buys 51% Interest in Golden Hill Property
(Mantaro, 25.Aug.2022) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) has exercised its option to acquire a 51% in the share capital of Minera Golden Hill S.R.L. (“MGH”), which owns the Golden Hill Property, located in Bolivia. In order to exercise its option to acquire an initial 51% of the shares […]
Chinese Firm Takes Over Lifting Venezuelan Oil for Debt Offset
(Reuters, 26.Aug.2022) — China has entrusted a defense-focused state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil […]
CNOOC: Net Profit Doubled, Record-high Dividend Declared
(CNOOC, 25.Aug.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced its 2022 interim results for the six months ended 30 June 2022. During the period, the company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the “three major programs”, namely, Reserves & Production […]
New Pacific Reports Financial Results
(New Pacific, 25.Aug.2022) — New Pacific Metals Corp. reports its financial results for the three months and year ended June 30, 2022. All figures are expressed in US dollars unless otherwise stated. FISCAL 2022 HIGHLIGHTS Commenced the 2022 drill program at the Silver Sand Project which includes resource infill drilling to improve […]
Moody’s Affirms Ecopetrol’s Investment Grade Ratings
(Energy Analytics Institute, 25.Aug.2022) — Moody’s Investors Service affirmed Ecopetrol S.A.‘s (BVC: ECOPETROL; NYSE: EC) global credit rating at Baa3 with a negative outlook and downgraded its individual rating (BCA) from Ba1 to Ba3, the Bogotá-based oil giant announced 25 August 2022 in an official statement. The rating agency said […]
First Hole HMN Li Project, Argentina Second Drill Rig on Site
(Lithium South, 25.Aug.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTC-QB: LISMF) (Frankfurt: OGPQ) provided an update on the drilling campaign currently underway at the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina. The first hole AS01 has now been completed to a depth of 270m. As the […]
Eco (Atlantic) Updates on Guyana and Namibia
(Eco Atlantic, 25.Aug.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG) announced its results for the three months ended 30 June 2022. In addition, the company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below. Today’s announcement […]
Petrobras Receives Transparency Trophy 2022
(Petrobras, 24.Aug.2022) — Petrobras was elected one of the ten companies with the most transparent financial statements in Brazil in the category of companies with net revenues over R$20bn. The recognition is granted annually by the National Association of Finance, Administration, and Accounting Executives (Anefac) to the Brazilian companies with […]
Astra Completes Phase II Drilling, Extends Paciencia Vein to 2.1km
(Astra Exploration, 23.Aug.2022) — Astra Exploration Inc. (TSX-V: ASTR, OTCQB: ATEPF) has completed 3,976 metres of RC drilling in 15 holes at its Pampa Paciencia Project located in Northern Chile. Highlights 100% of holes intersected quartz veins, stockworks or veinlets close to target depths11 holes were drilled to expand mineralization […]
APA Corp. Reveals First Find in Suriname Block 53; Plugs Dikkop
(APA Corp., 23.Aug.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34 meters (112 […]
Guyana Oil Production Data Available to the Public
(Energy Analytics Institute, 22.Aug.2022) — Guyana’s Ministry of Natural Resources announced that the country’s oil production data is now available for public consumption. The data is available via the ministry’s Petroleum Management Programme website. The website was created in 2021 to provide information and updates relating to Guyana’s oil sector […]
AGE’s Ali Moshiri eyes revitalization of Venezuela hydrocarbon industry
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 26.Aug.2022, Words: 89) — Amos Global Energy Management LLC or AGE, a Houston-based independent oil & gas company focused on the acquisition and development of international upstream assets, continues to see and pursue potential in Venezuela’s hydrocarbon industry, according to the company’s […]