(Petrobras, 27.Apr.2022) — Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar […]
Category: Latin America and the Caribbean
Staatsolie and Chevron Ink PSC for Suriname Shallow Offshore Block 7
(Staatsolie, 27.Apr.2022) — Staatsolie Maatschappij Suriname N.V. expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for this purpose on 26 April 2022. With the signing of the Production Sharing Contract (PSC), Chevron, with an eighty percent participating interest, has obtained exploration, […]
Petrobras on Atapu and Sepia Contracts
(Petrobras, 27.Apr.2022) — Petrobras signed the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil PetrĂłleo Ltda (25%) and TotalEnergies EP Brasil Ltda. (22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Sepia, […]
![Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/Hess-.png)
Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]
(Hess, 27.Apr.2022) — Hess Corporation (NYSE: HES) reported net income of $417mn, or $1.34 per share, in the first quarter of 2022, compared with net income of $252mn, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the corporation reported net income of $404mn, or […]
Guyanese Crude Cargo Bought by Exxon Sets Sail for Europe -Data
(Reuters, 26.Apr.2022) — A tanker carrying Guyana’s first share of oil from a recently inaugurated floating production facility has set sail for Rotterdam, tanker monitoring data showed on Tuesday. South America’s newest crude producer, which has secured billions of dollars in investment from an Exxon Mobil, Hess Corp and China […]
Argentina Seeking $10bn Investment to Jump-Start LNG Exports, Minister Says
(Reuters, 27.Apr.2022) — Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump start exports of liquefied natural gas (LNG) by 2027, economy minister Martin Guzman said on Wednesday. Argentina is home to the huge Vaca Muerta formation, […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartĂn Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]
Heritage Commences Tender Offer Trinidad Petroleum’s 9.75% Senior Notes due 2026
(Heritage Petroleum, 27.Apr.2022) — Heritage Petroleum Company Limited, a limited liability company organized under the laws of the Republic of Trinidad and Tobago, commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s Offer to Purchase and Consent Solicitation Statement dated 27 April […]
Shell Inks Production Sharing Contract for Atapu Field in Brazil
(Shell, 27.Apr.2022) — Shell Brasil PetrĂłleo Ltda., a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1bn to Petrobras for the increased stake in the field. With the contract now signed, Shell will start […]
NRGBriefs: Exxon Announces Three New Finds Offshore Guyana
(Energy Analytics Institute, 26.Apr.2022) — Energy briefs including Exxon announcing three new discoveries offshore Guyana, adding to two discoveries earlier in 2022; details regarding resolutions adopted by the shareholders at the annual general ordinary and extraordinary shareholders’ meeting of Vista Oil & Gas, S.A.B. de C.V. in Mexico; and Transportadora […]
Great Panther Reveals Updated Mineral Estimates for Tucano Gold Mine
(Great Panther, 26.Apr.2022) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL), a growth-oriented precious metals producer focused on the Americas, reports Mineral Resource and Mineral Reserve Estimates (the “2021 MRMR”) for the Tucano Gold Mine in Brazil. The estimates were prepared in accordance with National Instrument 43-101 – Standards of […]
FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional pipeline and opportunities of 6.8 GW. Project Highlights: BerlevĂĄg – Norway Green ammonia production to provide shipping industry and off-grid […]
Ecopetrol Files its Form 20-F for FY 2021
(Ecopetrol, 26.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2021, with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F, the company complies with its reporting obligations […]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional multibillion barrel unrisked exploration potential. Hess has a 30 percent interest; ExxonMobil is […]
Local Consortium in Guyana Wins Multi-Million Dollar Contract With ExxonMobil
(CMC, 26.Apr.2022) — A consortium has been awarded a multi-million dollar contract to support future construction activities of the US-based oil giant, ExxonMobil. NRG Holdings, a consortium of three local entrepreneurs, in collaboration with Jan De Nul, an international maritime infrastructure company, will design and build an 85 percent Guyanese-owned […]
ExxonMobil increases Stabroek resource estimate to nearly 11 billion barrels
(Exxon, 26.Apr.2022) — ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in […]
Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate
(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries […]
Petrobras Receives R$4.7bn from Total Energies EP Brasil Ltda. for Atapu
(Petrobras, 26.Apr.2022) — Petrobras, following up on the release disclosed on 19 April 2022, informs that it received today, at sight, the updated payment of R$ 4.7bn from Total Energies EP Brasil Ltda. – TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by […]
Ecopetrol Comments on Elections in Colombia, Uncertainties
(Energy Analytics Institute, 26.Apr.2022) — Colombia’s state-owned Ecopetrol commented on the electoral process and Colombia in its Form 20-F filed this week with the US SEC, and highlighted uncertainties regarding future policies. — “The Colombian parliamentary elections were held on March 13, 2022, with more than 99% of votes counted, results […]
Lithium South Drill Program to Begin at Alba Sabrina Claim Block
(Lithium South Development Corporation, 26.Apr.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced initiation of a resource expansion drill program at the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. The company has retained Servicios Geologicos of Salta, Argentina, to conduct a 2,000-meter core hole drill […]
Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil
(Aker Horizons, 26.Apr.2022, Words: 617) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]
YPF Reports Higher Production, Revenues and Operating Profit
(Energy Analytics Institute, 20.Apr.2022) — Argentina’s state-owned oil giant YPF Sociedad AnĂłnima reported total production of 470 thousand equivalent barrels per day (Mboe/d) in 2021, up 1% versus 467 Mboe/d in 2020. In 2021, YPF produced 211 Mb/d of oil, 34 Mb/d of NGLs and 1,260 million cubic feet per […]
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) — Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a “balance of payments crisis this year “absent significant reforms and economic recovery,” Caribbean Region Economist Marla Dukharan wrote 25 April 2022 […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]
Arrow Exploration Updates On Exercise of Warrants, Voting Rights
(Arrow Exploration, 25.Apr.2022) — Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value. Further, the company has identified that prior to its admission to […]
NRGBriefs: Macron Wins Reelection; Peruvians to Defend Elections
(Energy Analytics Institute, 24.Apr.2022) — Energy and political briefs including Emmanuel Macron winning France’s second round presidential run off against Marine Le Pen; and ~68% of Peruvian citizens defending the need to anticipate presidential and legislative elections as a way out of the country’s political crisis. EUROPE France — Emmanuel […]
Guyana Reports First Entitlement Lift from Liza Unity FPSO
(DPI, 23.Apr.2022) — The Government of Guyana will be receiving its first entitlement lift of the Unit Gold crude from the Liza Unity Floating Production Storage and Offloading (FPSO) production platform during the period of April 23rd to 24th. The usual lifting entitlement amount of one million barrels of oil (1 […]
NRGBriefs: Argentina’s Finance Minister MartĂn Guzmán Meets with IMF Executive
(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister MartĂn Guzmán holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath; and between 82% and 96% of the entire Venezuelan population is said to not have access […]
EAI brief analysis: Venezuela’s Faja contains 1,360 billion barrels of OOIP
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 22.Apr.2022, Words: 130) — Venezuela is home to the Hugo Chávez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil in place (OOIP) estimated at 1,360 billion barrels, making it the world’s largest accumulation of heavy and extra-heavy […]
NRGBriefs: Mexico’s Preliminary March 2022 Production Details
(Energy Analytics Institute, 22.Apr.2022) — Energy briefs including preliminary production figures from Mexico for March 2022 including 1.625 MMb/d of oil, according to the National Hydrocarbon Commission. LATIN AMERICA AND THE CARIBBEAN Mexico — Mexico’s preliminary production figures for Mar. 2022 included: oil (1.625 MMb/d), condensate (0.209 MMb/d) and natural […]
Trinidad’s PM Issues Statement on the Status of Interception by the State
(Office of the PM of Trinidad and Tobago, 22.Apr.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley issued a statement on the status of interception by the state. Madame Speaker, I have been authorized by the Cabinet to make the following statement. This statement concerns matters of national security, which […]
Colombia Judge Orders Suspension of Fracking Pilot Project
(Reuters, 21.Apr.2022) — A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing – or fracking – pilot project, on the grounds that local communities were not properly consulted. Colombia’s majority state-owned oil company Ecopetrol and partner U.S. oil major Exxon […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood Mackenzie analyst Marcelo De Assis and Elen Simonyan in a recent report. Highlights from the report published on 21 April […]
Ecopetrol to Appeal Suspension of ‘Fracking’ Project in Puerto Wilches, Santander
(Infobae, 21.Apr.2022) — After the Barrancabermeja First Court notified Ecopetrol of the suspension of the KalĂ© and Platero fracking pilot projects, which were to be developed in Puerto Wilches, Santander, the company said it would appeal the ruling. According to the Colombian oil company, it has met all the requirements […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario MartĂnez participating in an official ceremony in Loma Campana to inaugurate the NĂ©stor Kirchner Gas Pipeline […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
UN Top Court Raps Colombia Over Sea Row with Nicaragua
(France24, 21.Apr.2022) — The United Nations‘ top court on Thursday ordered the Colombian navy to stop interfering in Nicaraguan waters, ruling on a longstanding legal battle over maritime borders. The International Court of Justice “finds that by interfering with fishing and marine research activities of Nicaraguan-flagged vessels … in Nicaragua’s […]
Petrobras Concludes Sale of E&P Assets in the Paraná Basin
(Petrobras, 20.Apr.2022) — Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent […]
EPE Publishes April 2022 Brazil’s Short-Term Fuel Market Outlook
(EPE, 20.Apr.2022) — Brazilian liquid fuel market continued its strong performance at the beginning of 2022 with an increase of 1.1% in January and February compared to the same period last year. This growth has been driven mainly by diesel and gasoline. EPE estimates that Brazilian liquid fuel market will […]
SBM Offshore Reveals Prosperity FPSO Module TS032 Lifting
(Energy Analytics Institute, 20.Apr.2022) — SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading (FPSO) unit on the yard in Singapore. RELATED STORY: SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA RELATED STORY: […]
CNOOC Limited Successfully Listed on the A-Share Market
(CNOOC, 20.Apr.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that the company was officially listed on the A-share market, which marked the company’s success in building a platform for domestic and international capital management. It will open a new chapter for the company to set sail on a promising voyage […]
Mexican Lawmakers Pass Lithium Nationalization Plan
(AFP, 20.Apr.2022) — Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in the production of batteries for electric cars, cellphones and other technology. The mining law reform submitted by President Andres Manuel Lopez Obrador puts the metal’s exploitation in the […]
Atlas Leaps Into Wind Power with Newest Customer Enel GeneraciĂłn Chile S.A.Â
(Atlas, 20.Apr.2022) — Atlas Renewable Energy marks a new milestone with the development of its first wind power project with a long-term power purchase agreement (PPA) with Enel GeneraciĂłn Chile S.A. for 1.3 GWh/year. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. “Our […]
Day 1 of AAPG ICE Highlights: Staatsolie Executive Angéle Ramsaransing – Karg
(Energy Analytics Institute, 19.Apr.2022) — Highlights from Staatsolie Executive AngĂ©le Ramsaransing – Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive AngĂ©le Ramsaransing – Karg — Staatsolie looks to maintain production […]
INOXCVA Awarded Contract for MiniLNG Terminal for Caribbean LNG in Antigua
(INOXCVA, 19.Apr.2022) — Indian multinational and a manufacturer of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on a turnkey basis for a MiniLNG receiving and regasification terminal to be set up in Antigua, West Indies. Caribbean LNG […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
Magna Gold Reveals Completion of Debt Settlement with PEAL de Mexico S.A. de C.V.
(Magna Gold, 19.Apr.2022) — Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) issued an aggregate of 1,660,132 common shares in the capital of the company at a deemed price of $0.76 per common share to PEAL de Mexico S.A. de C.V. in settlement of outstanding debt in the aggregate amount of US$1,000,000 (the “Debt […]
Day 1 of AAPG ICE Highlights: ANP Substitute Director Marina Abelha
(Energy Analytics Institute, 19.Apr.2022) — Highlights from ANP Brazil Substitute Director Marina Abelha during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANP Substitute Director Marina Abelha — A completely diverse sector will emerge […]
Arrow Exploration Says RCE-2 Well Logs 80ft of Net Pay
(Arrow Exploration, 19.Apr.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) announced a further update on the Rio Cravo Este-2 well (“RCE-2 well”) on the Tapir Block in the Llanos Basin of Colombia. The RCE-2 well was spud on 2 April 2022. The well is targeting a large, three-way fault-bounded […]
Day 1 of AAPG ICE: ANH Head Armando Zamora
(Energy Analytics Institute, 19.Apr.2022) — Highlights from ANH Colombia head Armando Zamora during his presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANH Colombia head Armando Zamora: — Colombia’s 2040 plan (base case scenario) envisions […]