Latin America and the Caribbean Archives - Page 81 of 220

Petrobras Announces Commencement of SIP Deal with Petrogal Brasil

(Petrobras, 1.Aug.2022) — Petrobras, following up on the release disclosed on 30 Sep. 2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal’s access to the gas processing units, owned by Petrobras and located in the states of Rio […]

TechnipFMC awarded significant contract for gas-to-energy project in Guyana

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Aug.2022) — TechnipFMC has been awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the gas-to-energy project in Guyana. For TechnipFMC, a significant contract has a value between $75mn-$250mn. The the full contract award will not be included in inbound orders […]

Colombian Oil, Gas Loom Big

(Odessa American, 31.Jul.2022) — As the United States’ fourth-leading oil importer behind Canada, Mexico and Saudi Arabia, Colombia will keep growing in importance as major American oil and natural gas companies develop their interests in the exotic and beautiful South American country. Colombia’s oil history goes all the way back […]

Mexico Oil Refinery Accident Leaves 1 Dead, 1 Missing

(AP, 29.Jul.2022) — A fire at an oil refinery operated by Mexico’s state-owned Petroleos Mexicanos company left one worker dead and another missing Friday. The company, known as Pemex, said the accident occurred early when lightning apparently started a fire at a waste processing tank. A pump truck that was […]

Petrobras on Gas Find Offshore Colombia with Ecopetrol

(Petrobras, 29.Jul.2022) — Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off the coast and 76 kilometers from the city of Santa Marta, in a water depth of approximately 830 meters. The Uchuva-1 well was drilled in […]

Ecopetrol and Petrobras Announce Find at Uchuva-1 Gas Well

(Energy Analytics Institute, 29.Jul.2022) — Colombia’s state-owned oil and gas producer Ecopetrol and its Brazilian counterpart Petrobras announced a natural gas find offshore Colombia’s Caribbean coast at the Uchuva-1 well. The Uchuva-1 well was drilled 32 kilometers off Colombia’s Caribbean coast and some 76 kilometers from the city of Santa […]

Petrobras Reports Solid 2Q:22 Results [PDF Downloads]

(Petrobras, 29.Jul.2022) — Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, […]

Fact Box: Petrobras’ Growth vs Sustaining CAPEX

(Petrobras, 28.Jul.2022) — Petrobras’ growth CAPEX corresponded to 64% of total capex in 2Q:22. Growth CAPEX are those with the primary objective of increasing the capacity of existing assets, deploying new production, offloading, and storage assets, increasing asset efficiency or profitability, and deploying essential infrastructure to enable other growth projects. […]

Petrobras on Shareholder Remuneration Policy

(Petrobras, 28.Jul.2022) — Petrobras, following up on the press release disclosed today, informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which […]

Repsol Confirms Venezuela Crude Deal Restart

(Argus, 28.Jul.2022) — Spain’s integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at its Spanish terminals this month will help to partly offset a weakening of its refining margins. Repsol chief executive Josu Jon Imaz said the return […]

Ecopetrol to Reveal 2Q:22 Results, Host Conference Calls

(Ecopetrol, 28.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Wednesday 3 August 2022, after market close, it will release its financial and operating results for the second quarter of 2022. On Thursday, 4 August 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish […]

New Oil Power Guyana to Surpass US Offshore by 2035

(Forbes, 28.Jul.2022) — As the Biden administration focuses on its efforts to end new leasing and drilling for oil and gas in the Gulf of Mexico and other U.S. offshore provinces, investment continues to pour into projects offshore the tiny South American nation of Guyana. A new study by energy intelligence group […]

NRGBriefs: XOM, OXY, CVX Dividends; Hess Guyana Liftings

(Energy Analytics Institute, 27.Jul.2022) — Energy briefs including US Vice President Kamala Harris speaking with Guyana’s President Mohamed Irfaan Ali about energy and other issues; the board of directors of Irving, Texas-based Exxon Mobil Corporation declaring a cash dividend of $0.88 per common stock; Hess Corporation selling 6 one-million barrels […]

IDB Approves $1.14bn Credit Line to Argentina to Decarbonize Energy Sector

(IDB, 27.Jul.2022) — The Inter-American Development Bank (IDB) approved a $1.14bn conditional line of credit for investment projects to decarbonize Argentina’s energy sector. The IDB Group remains committed to supporting Argentina’s development agenda with projects that have a direct impact on development. As part of the credit line, the IDB […]

Argentina to Have Third Economy Minister in a Month: Clarin

(Bloomberg, 27.Jul.2022) — Argentina’s President Alberto Fernandez is poised to name lower house Speaker Sergio Massa as the country’s new economy minister, appointing a second person for the job in less than a month, according to local newspaper Clarin. He would replace Silvina Batakis, who took office on July 4 […]

TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn

(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]

Subsea 7 and Van Oord Consortium Inks Contract Offshore Guyana

(Subsea 7, 27.Jul.2022) — Subsea 7 and Van Oord announced the award of a substantial(1) contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres. The scope covers the project management, engineering, and installation […]

ExxonMobil Makes Two More Discoveries Offshore Guyana

(ExxonMobil, 26.Jul.2022) — ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than […]

Hess Announces Two More Discoveries Offshore Guyana

(Hess, 26.Jul.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of […]

Guyana Moves Ahead with Q3 Oil Block Auction

(Reuters, 25.Jul.2022) — Guyana’s government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following years of domination by U.S. giant Exxon Mobil (XOM.N) and its partners. As part of his first official trip to Washington, Ali […]

NRGBriefs: FPSO Brazil Congress 2022 in Rio de Janeiro

(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including the government of the Brazilian state of Ceara teaming up with Enel Green Power Brasil to study the potential for development of green hydrogen projects; details regarding the FPSO Brazil Congress in Rio de Janeiro; and Bristow Group Inc. (NYSE: VTOL) planning to […]

Petrobras Receives Letter from Economy Ministry about Dividends

(Petrobras, 25.Jul.2022) — Petrobras, regarding the news published in the media, confirms that it received, on 06/22/2022, a letter from the Special Secretary of the Treasury and Budget of the Ministry of Economy regarding the payment of dividends. The company clarifies that, in its response, it informed that all the […]

NRGBriefs: Hess’ Sustainability Report; Frontera Earnings [PDF Download]

(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including Hess Corporation (NYSE: HES) announcing publication of its annual sustainability report; and Frontera Energy Corporation (TSX: FEC) revealing that its 2Q:22 results will be released after markets close on Tuesday 9 August 2022. NORTH AMERICA US — Hess Corporation (NYSE: HES) announced publication of […]

Frontera Extends Substantial Issuer Bid to 8 Aug.

(Frontera, 25.Jul.2022) — Frontera Energy Corporation (TSX: FEC) has extended the expiry time of its offer to purchase from shareholders up to $65mn (equivalent to US$50mn) of its outstanding common shares (the “Shares”) for cancellation from 11:59 p.m. (Eastern time) on 29 July 2022 to 11:59 p.m. (Eastern time) on 8 August 2022, unless the offer […]

NRGBriefs: Pemex Assumes Operation of YÙUM K’AK’NÁAB FPSO

(Energy Analytics Institute, 24.Jul.2022) — Energy briefs including BW Offshore Limited saying Mexico’s state-owned Pemex has assumed ownership and operation of the FPSO YÙUM K’AK’NÁAB. LATIN AMERICA AND THE CARIBBEAN Mexico — BW Offshore Limited said w/ effective from 22 July 2022 that Pemex has assumed the ownership and operation […]

NRGBriefs: Biden on Gas Prices, Ecopetrol VP Resignation; Train 1 Drama

(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including US President Joe Biden commenting on gas prices; Unit Corporation (OTC Pink: UNTC) reporting preliminary and unaudited selected financial and operational highlights for the 3-months ended 30 Jun. 2022; and Mónica Jiménez, VP of Corporate Affairs and Secretary General, resigning her post […]

CGX and Frontera Secure Funding for the Wei-1 Exploration Well Offshore Guyana

(CGX, 22.Jul.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announces today that the companies have entered into an agreement to amend the Joint Operating Agreement originally signed between CGX and a […]

CFE and Sempra Expand Development Deals Related to Infrastructure in Mexico

(Sempra, 21.Jul.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced several agreements to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and […]

SBM Offshore Completes $1.75bn Financing of ONE GUYANA

(SBM Offshore, 21.Jul.2022) — SBM Offshore has completed the project financing of FPSO ONE GUYANA for a total of $1.75bn. The project financing was secured by a consortium of 15 international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is […]

Petrobras Releases 2Q:22 Production and Sales Report [PDF Download]

(Petrobras, 21.Jul.2022) — In 2Q22, we (Petrobras) delivered an operating performance fully in line with the company’s plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of […]

NRGBriefs: Bristow Inks 1.6bn 10-year Deal

(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) terminating its option for the Libanesa Silver-Gold Project in Argentina; Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) […]

Colombia’s Mines and Energy minister expects good results from Gorgon-2 well

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Jul.2022) — Colombia’s Mines and Energy Minister Diego Mesa visited the Gorgon-2 exploration well offshore the South America country and boasted results to come. “We expect positive results in the coming months,” Mesa said 20 July 2022 in a LinkedIn post, adding […]

Petrobras on Payment of Shareholders Remuneration

(Petrobras, 20.Jul.2022) — Petrobras, following up on the releases disclosed on 5 May 2022 and 20 June 2022, informs that it is carrying out today the payment of the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 5 May 2022. […]

NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay

(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host a corresponding conference call on 4 Aug. 2022; and Guyana Shore Base Inc. (GYSBI) signing an 11-year extended contract with […]

NRGBriefs: Fitch Upgrades Petrobras’ Credit Rating; Vista’s Earnings

(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Fitch upgrading Petrobras’ credit rating; and Vista Energy, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) planning to release its consolidated financial statements for the 2Q:22 on Tuesday 26 July 2022, after the market closes. LATIN AMERICA AND THE CARIBBEAN Argentina — Vista […]

Equinor Restarts Peregrino Field Production

(Equinor, 19.Jul.2022) — Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading […]

BHP’s Operational Review for the Year Ended 30 June 2022 [PDF Download]

(BHP, 19.Jul.2022) — BHP provided a detailed operational review for the year ended 30 June 2022. BHP Chief Executive Officer, Mike Henry: “BHP produced a strong fourth quarter to cap off a year of significant progress. Our performance for the year has been underpinned by safe, reliable operations and firm […]

Petrobras’ BODs Validates CELEG Analysis

(Petrobras, 18.Jul.2022) — Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling […]

Guyana Shore Base Inks 11-year Extension Contract with ExxonMobil Guyana

(GYSBI, 18.Jul.2022) — Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has inked an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services. The contract will run […]

3t EnerMech to Provide Exclusive ECITB training in Angola and Guyana

(3t EnerMech, 18.Jul.2022) — 3t EnerMech signed a four-year exclusivity agreement with the Engineering Construction Industry Training Board (ECITB) to become the sole provider of its licenced training in Angola and Guyana. The strategic alliance between 3t Energy Group and EnerMech, will deliver unique ECITB accredited skills programmes through its […]

Latin America and the Caribbean

Petrobras Extends Deadlines for Sale of Refining, Logistics Assets

(Petrobras, 15.Jul.2022) — Petrobras, following up on the release disclosed on 27 June 2022, has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as […]

LONGi Receives “Top Brand PV 2022” at Solar Power Mexico 2022

(LONGi, 14.Jul.2022) — EUPD Research awarded LONGi the “Top Brand PV 2022” seal for the Mexican, Chilean and Latin American markets. The Chinese brand received this recognition at Solar Power Mexico 2022 held in León, Guanajuato, Mexico. The seal, which recognizes LONGi as a Top brand in the PV module category, […]

Atlantic CEO: Technology and Hybrid Work Key to Future Energy Sector Productivity

(Atlantic LNG, 14.Jul.2022) — Atlantic CEO Ron Adams has pegged technology and hybrid ways of working as crucial to enhanced productivity and competitiveness in the energy sector workplace of the future. Speaking yesterday (July 13) at the “C-Suite Conversations: The Future of Work” conference hosted by the Human Resource Management Association of Trinidad and […]

ConocoPhillips and Sempra Infrastructure Ink HOA for LNG Projects

(ConocoPhillips, 14.Jul.2022) — ConocoPhillips (NYSE: COP) today announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), in Jefferson County, Texas. ConocoPhillips has entered into a […]

Petrobras Comments on Manifestation of the Eligibility Committee

(Petrobras, 13.Jul.2022) — Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 7 July 2022, to finalize the analyses of the candidates for the Board of Directors nominated by the controlling shareholder: Mr. Gileno Gurjão Barreto (also nominated as Chairman of the Board); Mr. Edison Antônio […]

Petrobras Announces Expiration Results of Cash Tender Offers

(Petrobras, 13.Jul.2022) — Petróleo Brasileiro S.A. (Petrobras) (NYSE: PBR) announced the expiration and expiration date results of the previously announced cash tender offers (each, an “Offer” and collectively, the “Offers”) by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of (i) its notes of […]

NRGBriefs: Trinidad and Peru and Reduced LNG Exports

(Energy Analytics Institute, 13.Jul.2022) — Energy briefs including Latin American gas producers Trinidad and Tobago and Peru reporting reduced LNG exports to the tune of 3.9 million tons per annum and 1.2 million tons per annum, respectively; and ConocoPhillips (NYSE: COP) posting details related to its second quarter 2022 conference […]

Petrobras Starts Non-binding Phase for UEG Araucária S.A. (UEGA)

(Petrobras, 12.Jul.2022) — Petrobras, following up on the release disclosed on 3 June 2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. Potential buyers qualified for this phase will receive […]

Petrobras Committed to the Practice of Competitive Prices

(Petrobras, 12.Jul.2022) — Petrobras, regarding the news published in the media about its frequency of readjustments in fuel prices, clarifies that, in 2022, it carried out an increase and a reduction in LPG prices, four readjustments in diesel prices and three readjustments in gasoline prices, a frequency lower than that […]

Guyana Announces National Healthcare Initiative

(Hess, 11.Jul.2022) — His Excellency Dr Irfaan Ali announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana. Working with the Government of Guyana, the […]