(Orvana, 30.Jan.2022) — Orvana Minerals Corp. (TSX: ORV) is issued the following details regarding its disclosure on the Don Mario Property. On 30 December 2020, the company filed a technical report effective 30 September 2020, on the Don Mario oxide stockpile project, located on the Don Mario Property (the “Stockpile Technical Report”). On 29 […]
Category: Latin America and the Caribbean
Italy Top Court: Venezuela’s Ex-oil Czar Can’t be Extradited
(AP, 28.Jan.2022) — Italy’s highest court confirmed Friday that Venezuela’s former oil czar cannot be extradited to face corruption charges at home because of his country’s record in violating human rights, his Italian lawyer said. The Court of Cassation upheld a lower court’s ruling in September which recognized that Rafael […]
Canacol Energy Reveals Block Purchase Under Normal Course Issuer Bid
(Canacol, 28.Jan.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) purchased 5,307,700 Common Shares for CAD$3.15 per share under its normal course issuer bid (the “NCIB”), relying on the block purchase exemption under the NCIB rules. The purchase was made from an arm’s length third party via the TSX Exchange. Canacol’s […]
Petrobras Cancels Braskem Public Offering
(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 16 December 2021 and 17 January 2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would […]
Petrobras on Urucu Cluster Divestment
(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 7 December 2020 and 1 February 2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in […]
Petrobras Proved Reserves Reach 9.9 BN BOE in 2021
(Petrobras, 28.Jan.2022) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of 31 December 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this […]
Colombia Front-Runner Petro’s No-More-Oil Pledge Sinks Ecopetrol Bonds
(Bloomberg, 28.Jan.2022) — Gustavo Petro, the front-runner to win Colombia’s presidential election in May, has repeatedly vowed he will halt oil drilling the day he takes office. To some observers, this is campaign bluster that would prove difficult to carry out in a country where oil is the No. 1 […]
SSR Mining Reports Fatal Vehicle Accident Near Puna in Argentina
(SSR Mining, 28.Jan.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) regrets to report a fatal vehicle accident involving an employee of the company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on 26 January 2022. The […]
Wärtsilä to Decarbonise Gold Mine Power Station in Suriname
(Wärtsilä, 27.Jan.2022) — The technology group Wärtsilä will supply a 7.8-megawatt (MW) / 7.8-megawatt hour (MWh) energy storage system to a leading gold mining company to help achieve its climate targets and decarbonisation goals at a mine in Suriname. This is the first utility-scale energy storage system to be built […]
NRGBriefs: Argentina’s Energy Secretariat and ENARGAS Talk Energy
(Energy Analytics Institute, 27.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat DarĂo MartĂnez chatting w/ ENARGAS’ Federico Bernal Hermitte to discuss actions necessary to strengthen the energy sector; and the Bristow Group’s plans to reveal fiscal 3Q results on 3 Feb. 2022. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s […]
Caribbean Sustainable Energy Conference: Day 3 Highlights
(Energy Analytics Institute, 26.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from International Energy Agency (IEA) Lead Gas Analyst Peter Zeniewski, IDB Invest Investment Manager Alicia Taylor, and Proman Operations Managing Director […]
![NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/GUY_budget-2022-speech-header.jpg)
NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]
Peru Considers Imposing Sanctions on Repsol Over Massive Oil Spill
(Reuters, 26.Jan.2022) — Peru’s Prime Minister Mirtha Vásquez said on Monday the government was looking at sanctioning a major local refinery owned by Spanish energy firm Repsol after an oil spill last week, and did not rule out suspending operations at the facility. Vásquez said some political parties were calling […]
Southern Cone Power Markets Primed for Dynamic Year
(WoodMac, 26.Jan.2022) — Last year proved how dynamic the gas and power markets in the Southern Cone are. And many uncertainties will be carried to 2022, especially regarding the extent of the impact from the region’s historic drought. Wood Mackenzie, a Verisk business (Nasdaq: VRSK) expects 2022 will mostly be […]
Guyana Budget 2022 Speech Highlights [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Highlights from the budget speech by Guyana’s Honourable Dr. Ashni K. Singh, M.P. Senior Minister in the Office of the President with Responsibility for Finance on 26 January 2022 follow. Select highlights: — A total of 42.7 MMbbls were produced in 2021 compared with 27.2 […]
![Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/hess-hq-1-houston-energy-analytics-institute-scaled.jpeg)
Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]
(Hess, 26.Jan.2022) — Hess Corporation (NYSE: HES) reported net income of $265mn, or $0.85 per share, in the fourth quarter of 2021, compared with a net loss of $97mn, or $0.32 per share, in the fourth quarter of 2020. On an adjusted basis, the corporation reported a net loss in […]
Caribbean Sustainable Energy Conference: Day 2 Highlights
(Energy Analytics Institute, 25.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from Trinidad and Tobago’s Ministry of Planning and Development Camille Robinson-Regis, KBR Energy Global Energy Transition Advisor Kareemah Mohammed, and Kenesjay […]
Phoenix Park Buys Texas Terminal
(Phoenix Park, 25.Jan.2022) — On 21 January 2022, Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of Phoenix Park Gas Processors Limited (PPGPL), completed its acquisition of an NGL terminal located in Hull, Texas from Keyera Energy Inc. (KEI). KEI is a subsidiary of Keyera Corporation (Keyera), one […]
Powin Selects Celestica to Manufacture Its Next-Generation Energy Storage System
(Powin, 25.Jan.2022) — Powin LLC has selected Celestica Inc. to assemble its Centipede battery energy storage platform in Celestica’s Monterrey, Mexico facility. Full production will begin in Q2 2022. Celestica’s facility in Mexico is located in close proximity to a substantial and growing portion of Powin’s end market, providing customers with greater supply chain flexibility and responsiveness. The […]
The MEEI Executes a Heads of Agreement for Atlantic LNG Restructuring
(MEEI, 25.Jan.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced the execution by the Government, and Atlantic LNG Shareholders, companies affiliated with BP, Shell Trinidad and Tobago Limited (Shell) and The National Gas Company of […]
Petrobras on Albacora and Albacora Leste Divestment
(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]
Equinox Gold Says Production Increasing to 625,000 to 710,000 Ounces of Gold
(Equinox Gold Corp, 25.Jan.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announces 2022 production guidance of 625,000 to 710,000 ounces of gold, increasing from 2021 production of 602,100 ounces of gold. Cost guidance includes cash costs1 of $1,080 to $1,140 per ounce and all-in-sustaining costs1,2 (“AISC”) of $1,330 to $1,415 per ounce of gold sold. Guidance does not include […]
Hess Announces 2022 E&P Capital and Exploratory Budget
(Hess, 25.Jan.2022) — Hess Corporation (NYSE: HES) announced a 2022 Exploration & Production capital and exploratory budget of $2.6bn, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is […]
Trinidad Reveals Emissions Reduction Plans by 2030
(Trinidad Planning and Development Minister Camille Robinson-Regis, 25.Jan.2022) — It is my pleasure to address you at the Energy Chamber’s Caribbean Sustainable Energy Conference 2022 on the critically important global aspiration of achieving NetZero by 2050. Even as we begin though, I want to take your minds back to Philosophy […]
Caribbean Sustainable Energy Conference: Day 1 Highlights
(Energy Analytics Institute, 24.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from Trinidad’s Energy and Energy Industries Minister Stuart Young, The National Gas Company of Trinidad and Tobago Limited President Mark Loquan, […]
TechnipFMC Awarded Large EPCI Contract by Petrobras for BĂşzios 6 Field
(TecnhipFMC, 24.Jan.2022) — TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its BĂşzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, […]
Harvey Gulf Selects SailPlan to Optimize Fleet Emissions
(SailPlan, 24.Jan.2022) — SailPlan, the maritime cleantech company, announced that Harvey Gulf International Marine, a deepwater marine transportation companies, has entered into a commercial agreement to add SailPlan to its fleet. The company has already seen quantifiable emissions reductions beginning with the Harvey Power, a 310-foot Platform Supply Vessel. The […]
ONGC Videsh Enters Development Stage Offshore Brazil at BM-SEAL-4
(ONGC, 24.Jan.2022) — ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC […]
Forte Minerals Closes IPO; Commences Trading on the CSE
(Forte Minerals, 24.Jan.2022) — Forte Minerals Corp. (CSE:CUAU) completed its initial public offering of 9,583,332 units at a price of $0.30 per unit, which included the exercise in full of an over-allotment option. The offering generated aggregate gross proceeds of $2,874,999.60 pursuant to a final prospectus dated 12 November 2021. A Unit consisted of one […]
bpTT, UWI, and UTT To Advance Carbon Capture and Storage Research
(bpTT, 24.Jan.2022) — bpTT is aiding Trinidad and Tobago’s energy transition through its support for this country’s first Carbon Capture and Storage (CCS) mapping project. bpTT has committed $340,000 to the CCS Storage Atlas project which is jointly led by the University of the West Indies and University of Trinidad […]
Astra Begins Trading on TSX Venture Exchange
(Astra, 24.Jan.2022) — Astra Exploration Inc. (TSXV: ASTR) (formerly Momentous Capital Corp.) closed its qualifying transaction and will commence trading on the TSX Venture Exchange (the “TSX-V”) on 26 January 2022 under the symbol “ASTR”. Company Highlights 25,056,753 shares outstanding (13,765,837 subject to escrow agreements) An expert technical team including the […]
Net-Zero Emissions by 2050 a Priority for the Region, Guyana’s President Says
(DPI, 24.Jan.2022) — His Excellency Dr Irfaan Ali today said that reaching Net-Zero emissions by 2050 is essential for the development of the region, but it would only be possible if the global system rectifies its inherent disparities and unevenness. In his keynote address to over 300 participants at the […]
Claire Fitzpatrick at Caribbean Sustainable Energy Conference 2022
(bpTT, 24.Jan.2022) — Opening remarks from Claire Fitzpatrick at the Caribbean Sustainable Energy Conference 2022. Opening remarks Good morning – all protocols observed. bpTT is honoured to continue its support for this conference and we welcome the expanded focus on sustainable energy and the wider Caribbean. When it comes to […]
Colombia inaugurates Isagen’s Guajira I project
PANAMA CITY, PANAMA (Energy Analytics Institute, 21.Jan.2022) — Colombia’s President Iván Duque and the country’s Mines and Energy Minister Diego Mesa finally inaugurated Isagen‘s Guajira I project. Guajira I is the largest wind farm in Colombia and the first built in more than 17 years in the country after JepĂrachi […]
NRGBriefs: CSI Compressco Cash Distribution
(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; and PDVSA’s US refining arm Citgo Petroleum being Venezuela’s most priced int’l asset. NORTH AMERICA US — CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general […]
NRGBriefs: Road Blockages in Southern BolĂvar Impacting Oil Production
(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern BolĂvar department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings […]
Gold Port Says Drill Rig Fabrication Completed
(Gold Port Corp., 20.Jan.2022) — Gold Port Corporation, (CSE: GPO) (OTCQB: GPOTF) announced that fabrication of a Discovery I Core Rig, by Multi-Power Products Ltd of Kelowna, B.C., has now been completed. The state-of-the-art track mounted rig system along with support equipment and supplies is now being scheduled for delivery to Port […]
Can Trinidad and Tobago Pivot to Survive Evolving Natural Gas and LNG Markets?
(TT Geological Society, 20.Jan.2022) — Natural gas and by extension liquefied natural gas (LNG) have become forerunners in the hydrocarbon industry. The reputation of being a cheap, clean and an abundant fuel source more environmentally friendly than oil and coal has made it quite attractive amid renewable energy alternatives that […]
YPF Spuds Two Wells in Aguada del Chañar
(Energy Analytics Institute, 19.Jan.2022) — Argentina’s state owned YPF combined drilling operations at two wells in late December 2021 in the Aguada del Chañar area. The first well, Adch 1001, has a horizontal branch length of 2,448m and 38 fracture stages. The second well, Adch 1002, has a horizontal branch […]
Petrobras on Potiguar Cluster Divestment
(Petrobras, 19.Jan.2022) — Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara CamarĂŁo refinery, in the state of Rio Grande do Norte, clarifies that, as […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil giant PDVSA revealing its total debt stood at $34.894bn at YE:21. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s President […]
Eco Atlantic Boosts Stake in Exxon Partner Offshore Guyana
(Proactive Investors, 19.Jan.2022) — Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) increased its interest in JHI Associates Inc, a junior explorer offshore Guyana, which is partnered with Exxon in the Canje Block. AIM-quoted Eco bought 800,000 shares, worth around ÂŁ312,000, in JHI by exchanging 1.2mln new Eco shares. It takes Eco’s […]
Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year
(Reuters, 19.Jan.2022) — Ecuador’s state-owned oil company, Petroecuador, is targeting average output of 425,000 barrels of oil equivalent per day (boed) by the end of 2022, manager Italo Cedeno said on Wednesday. Petroecaudor’s production averaged some 380,000 boed until November. It dwindled to a trickle in December after pumping through […]
Frontera Finds Oil at Jandaya-1 Well in Ecuador
(Frontera, 19.Jan.2022) — Frontera Energy Corporation (TSX: FEC) discovered hydrocarbons at the Jandaya-1 exploration well on the Perico block (Frontera 50% W.I. and operator, GeoPark Limited 50% W.I.) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are pleased to announce a discovery at the Jandaya-1 exploration well. Jandaya-1 […]
Orea Announces $500,000 Private Placement
(Orea Mining, 18.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) announced a non-brokered private placement for gross proceeds of up to CAD$500,000. The Private Placement is for up to 4,166,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea, and a […]
The Caribbean Sustainable Energy Conference (24-26 Jan. 2022)
(The Energy Chamber, 18.Jan.2022) — The Energy Chamber of Trinidad and Tobago first established this conference back in 2017. The conference has since grown in terms of its prominence in the energy landscape in T&T and the wider region. The conference had several iterations of its name, however it will […]
Wintershall to Sell Stakes in Two Argentine Blocks for $140mn
(Offshore Technology, 18.Jan.2022) — Wintershall Dea Argentina has agreed to sell a 50% operated working stake in the unconventional Aguada Federal and Bandurria Norte blocks, in Argentina, to Vista Oil and Gas for $140m. According to the terms of the deal, Vista will pay $90m on or prior to 18 January 2022. The remaining […]
In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
(The New York Times, 18.Jan.2022) — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston who secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company, which is acquiring […]
Ecuador Indigenous Demand Rights to Consent on Extractive Projects
(Reuters, 18.Jan.2022) — Indigenous communities in Ecuador on Tuesday presented hundreds of thousands of signatures to the country’s top court to demand their right to make final decisions on use of ancestral lands they say are threatened by expansion of extractive projects. The indigenous A’i Cofan and Waorani communities, from […]
Brazil Gas Industry Sees Risk on ‘Hasty’ State Laws
(Argus, 18.Jan.2022) — Some of Brazil’s largest natural gas consumers, pipeline companies and oil and gas producers are complaining that new state laws could reduce competition in the gas market. Brazilian association of energy intensive consumers ABRACE, gas transporters’ association Atgas, and Brazil’s oil and gas institute IBP released a […]