(Citgo, 16.Mar.2022) — The Citgo Petroleum Corporation Board of Directors announced that Bob Kent has been appointed to the Board of Directors. “Bob Kent brings more than 40 years of refining experience to our executive team, including 13 years with Citgo,” said Citgo Director and President and Chief Executive Officer Carlos Jordá. “His […]
Category: USA
Engaging Venezuela Is Worth the Gamble
(Bloomberg, 15.Mar.2022) — A more realistic policy toward the Maduro regime would free up oil supplies and weaken Russian influence. In a bid to ease pressure on global energy supplies, the U.S. has opened talks with the government of Venezuelan leader Nicolas Maduro, which could lead to the lifting of some […]
NRGBriefs: Astra Exploration Provides Update on Pampa Paciencia
(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing […]
Northwest Pipe Awarded Contract for the Navajo-Gallup Water Supply Project
(Northwest Pipe Company, 14.Mar.2022) — Northwest Pipe Company (Nasdaq: NWPX), a manufacturer of water-related infrastructure including engineered pipeline systems and precast products, has been selected by S.J. Louis Construction, Inc., a Minnesota-based general contractor specializing in underground utility construction for 39 years, to manufacture engineered steel water transmission pipe for the Code Talkers […]
Five Key Takeaways from CERAWeek 2022 7-11 Mar. 2022 in Houston
(Clarissa Lins with Catavento, 13.Mar.2022) — Almost 6,000 people met in Houston at CERAWeek, the world’s largest and most influential energy gathering. During five days, the discussions were dominated by the severe impacts of the war and its devastating consequences over the Ukraine population, European energy security and the values […]
NRGBriefs: Japanese Companies Aim to Reduce Environmental Impact
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and The Hanshin Diesel Works, Ltd. forming strategic alliance to reduce their environmental impact; and routine gas flaring representing a lost […]
Background Press Call Previewing the Visit of President Duque of Colombia
(The White House, 10.Mar.2022) — Background press call via teleconference by senior administration officials from The White House previewing the visit of President Ivan Duque of Colombia. MODERATOR: Thank you, Grace. And, everyone, thank you for joining us this evening for today’s background call previewing President Duque’s visit to the […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]
NRGBriefs: Venezuela’s Maduro Back in the Driver’s Seat
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Washington courting Venezuela amid the Ukraine invasion by Russia and Venezuela’s President Nicolás Maduro likely being the biggest benefactor amid high oil prices and US desperation. LATIN AMERICA AND THE CARIBBEAN Venezuela — Talking Points: Over the short-term Venezuela’s President Nicolás Maduro […]
US Secretary of Energy Jennifer M. Granholm Speaks at CERAWeek 2022
(US Department of Energy, 9.Mar.2022) — Remarks as prepared for delivery by Secretary of Energy Jennifer M. Granholm at CERAWeek 2022 in Houston, Texas. Thanks so much Dan—I’m so glad to be here at CERAWeek for the second year in a row, this time in person! We could not be […]
White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar
(FT.com, 9.Mar.2022) — The US is engaged in an increasingly frantic search to replace oil supplies lost from Russia as it tries to repair diplomatic rifts abroad and boost production at home to stop fuel prices from spiralling out of control. Jennifer Granholm, US energy secretary, on Wednesday told an […]
EQT Launches New US LNG Advocacy Campaign During CERAWeek 2022
(EQT Corporation, 9.Mar.2022) — EQT Corporation (NYSE: EQT) unveiled its plan to unleash U.S. LNG to address the energy needs of our allies and advance climate efforts by targeting the replacement of international coal. The release of the new plan comes as natural gas takes center stage at CERAWeek 2022. Toby Z. Rice, EQT […]
Meeks Statement on US Delegation to Caracas
(House Foreign Affairs Committee, 9.Mar.2022) — Representative Gregory W. Meeks, Chair of the House Foreign Affairs Committee, issued the following statement in response to reports that a delegation of senior Biden administration officials traveled to Venezuela to meet with President Nicolás Maduro: “I congratulate the Biden Administration on a successful […]
US Sanctions Hurt Our National Interests — and the Venezuelan People | Opinion
(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, double down on targeted sanctions against individuals and reverse broader sanctions that hurt our national interests and the interests of the Venezuelan people and aid […]
Colombia in Talks with Coal Producers for Exporting Extra Supplies
(Reuters, 8.Mar.2022) — Colombia’s government has begun talks with the nation’s coal producers to increase exports after requests for extra supplies by European, Central American and Caribbean countries, the minister of Mines and Energy Diego Mesa told Reuters on Tuesday, as global energy flows are disrupted by the crisis in […]
NRGBriefs: Cameron LNG Names New President
(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner Asdrúbal Oliveros, Datanalisis President Luis Vicente León and international […]
Ecopetrol Eyes Transmission Opportunities in the Americas, Especially the US
(Energy Analytics Institute, 8.Mar.2022) — Bogotá-based Ecopetrol is eying opportunities abroad where there are synergies between the transmission and oil and gas business. Ecopetrol’s move into the transition sector is part of the company’s decarbonization and electrification efforts which also include a continued focus on low-cost and low carbon opportunities. […]
US President Biden on the Return of American Detainees from Venezuela
(The White House, 8.Mar.2022) — Tonight—two Americans who were wrongfully detained in Venezuela will be able to hug their families once more. We are bringing Gustavo Cardenas and Jorge Fernandez home. Cardenas was arrested in 2017 as part of the so-called CITGO-6, and he has endured five years of hardship […]
Colombia’s President Iván Duque Márquez During CERAWeek
(Energy Analytics Institute, 7.Mar.2022) — Colombia’s President Iván Duque Márquez spoke in an interview with Daniel Yergin on 9 Mar. 2022 during CERAWeek by S&P Global. Excerpts from that discussion follow. Related to energy security and the energy transition: Iván Duque: In terms of energy security and energy transition, I […]
Colombia’s President Says Any Solution for Venezuela Must Come Through Elections
(Reuters, 7.Mar.2022) — Colombian President Ivan Duque on Monday said any solution for Venezuela’s future, whose humanitarian crisis under President Nicolas Maduro has hit neighboring nations with an influx of migrants, must come through genuine, transparent presidential elections. A top delegation from the U.S. government traveled to Caracas since the […]
Venture Global LNG Expands Partnership with Shell
(Venture Global LNG, 7.Mar.2022) — Venture Global LNG announced the execution of a new long-term 20-year Sales and Purchase Agreement (SPA) with Shell NA LNG LLC for the supply of 2 million tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility. This new deal builds on Shell’s existing […]
White House Pressed on Potential Oil Deals with Saudi Arabia, Venezuela and Iran
(Politico, 7.Mar.2022) — The White House on Monday pushed back on concerns about the Biden administration’s willingness to cut deals with countries like Saudi Arabia, Iran and Venezuela as it looks for ways to blunt skyrocketing fuel prices in the United States. White House press secretary Jen Psaki faced multiple […]
US Officials Hold Venezuela Meetings Amid Hunt for Alternative Oil Supplies
(Ft.com, 6.Mar.2022) — A high-level US delegation has met top government officials in Venezuela, as the world seeks alternative suppliers to replace Russian oil if western sanctions on Moscow are tightened after its invasion of Ukraine. Juan González, the top White House official on Latin America, was in Caracas on […]
US, Venezuela Discuss Easing Sanctions, Make Little Progress: Sources
(Reuters, 6.Mar.2022) — U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies. […]
Carbon Neutral Royalty Strategic Advisors
(Carbon Neutral Royalty Ltd., 4.Mar.2022) — Carbon Neutral Royalty Ltd. appointed Erik Solheim and John Mitnick as strategic advisors to the company. Brett Heath, Non-Executive Chairman of Carbon Neutral Royalty stated: “I am delighted to welcome Erik Solheim and John Mitnick as Strategic Advisors of the company. Erik has had an extensive career holding some of the highest […]
Aquadrill Announces Contract Award For The Vela
(Aquadrill, 4.Mar.2022) — Aquadrill LLC entered into a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “Manager”) to provide the Vela, an MPD outfitted 7th generation drillship, for a one well drilling contract plus one well priced option for operations in the US Gulf of Mexico. The […]
NRGBriefs: Gustavo Petro Gaining In Popularity in Colombia
(Energy Analytics Institute, 3.Mar.2022) — Energy briefs including YPF selecting advertising and communication agency Sentidos to carry out its campaigns on different platforms; Colombia’s presidential hopeful Gustavo Petro boosting his appeal among voters amid Iván Duque’s rising unpopularity; Guyana’s gov’t continuing to review ExxonMobil‘s development plan for its Yellowtail project; […]
ECO DEPOT Announces Achievements in the Energy and Carbon Reduction Sector
(Eco Depot, 2.Mar.2022) — Eco Depot, Inc. (OTC PINK: ECDP), a Nevada company, reported on the past twelve months of developments. Eco Depot has funded over $2.8mn USD into our subsidiaries supporting energy and carbon reduction projects. Bronya Canada Group secured a distribution deal within the electrical service market with Weiland Electric Inc, a large manufacturer and supplier of electrical solutions in Canada, the United States and Mexico. The Preferred Distribution Agreement with Weiland Electric places Bronya products […]
Ryerson Acquires Apogee Steel
(Ryerson Holding, 2.Mar.2022) — Ryerson Holding Corporation (NYSE: RYI), a processor and distributor of industrial metals, announced its acquisition of substantially all of the assets of Apogee Steel Fabrication Incorporated, a sheet metal fabricator based in Mississauga, Ontario, Canada. Apogee has been serving customers in Canada and the U.S. for over 30 years. They are […]
ExxonMobil Details Plans Around Growth and the Energy Transition
(ExxonMobil, 2.Mar.2022) — ExxonMobil detailed plans at its annual Investor Day to deliver industry-leading earnings, cash flow growth and shareholder returns, and lead in the energy transition across a range of lower-emissions scenarios. “We are focused on leading the industry in safety, reliability, environmental performance, earnings and cash flow growth – […]
NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 and FY:21 webcast to discuss financial and operational results; Exxon updating on its operations offshore Guyana during its virtual Investor Day 2022 webcast [PDF download]; […]
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
Invenergy and EnergyRe Secure Offshore Wind Lease Award
(Invenergy Wind Offshore, 28.Feb.2022) — Invenergy Wind Offshore LLC, led by project sponsors Invenergy and energyRe, was named provisional winner for an 83,976-acre area of seabed by the U.S. Bureau of Ocean Energy Management (BOEM). The winning bid of $645mn secured lease OCS-A 0542, one of the largest awarded in the New […]
Talos and Howard Energy to Pursue CCS Ops with the Port of Corpus Christi
(Talos Energy, 28.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and Howard Energy Partners (HEP) entered into an option agreement with the Port of Corpus Christi Authority to pursue commercial carbon capture and sequestration (CCS) opportunities on-site at the Port of Corpus Christi. The project will be known as the Coastal Bend Carbon Management […]
NRGBriefs: Japan to Support Removing Key Russian Banks from SWIFT
(Energy Analytics Institute, 28.Feb.2022) — Energy briefs including NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announcing that members of the senior management team will participate in various investor meetings throughout March; the Deputy Secretary of the Treasury Wally Adeyemo speaking with Japan Finance Vice Minister Masato Kanda […]
Sonoma County and ForeFront Power Complete 963kW Solar Energy Portfolio
(Forefront Power, 28.Feb.2022) — The County of Sonoma has partnered with ForeFront Power, a developer and asset manager of commercial and industrial-scale solar energy and storage projects, to build a 963 kilowatt (kW) solar energy portfolio at Charles M. Schulz-Sonoma County Airport (STS), as well as at the Sonoma County Fleet Operations Building […]
US Imposes Sanctions on Russian President Vladimir Putin
(U.S. Department of the Treasury, 25.Feb.2022) — Today, the United States, in coordination with allies and partners, continued to forcefully respond to Russia’s unjustified, unprovoked, and premediated invasion of Ukraine by imposing sanctions on President of the Russian Federation Vladimir Putin and the Minister of Foreign Affairs, Sergei Lavrov, as […]
NRGBriefs: YPF conf. call; Venezuela’s Maduro advocates for peace in Ukraine conflict
HOUSTON, TEXAS (Energy Analytics Institute, 24.Feb.2022) — Energy briefs including Argentina’s state oil entity YPF revealing details of 4Q:21 and YE:21 results conference call on 4 Mar. 2022; Ecopetrol S.A. releasing details related to amendments to its bylaws to be submitted for consideration at the general shareholders’ meeting slated for […]
Talos Energy Reports 4Q:21 and YE:21 Results, Provides 2022 Guidance
(Talos Energy, 24.Feb.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the fourth quarter and full year 2021. The company also announced its year-end 2021 reserves figures as well as 2022 operational and financial guidance. Fourth Quarter 2021 Highlights: Production of 68.7 thousand barrels of oil […]
HES Solar Deploys a BYD Energy Storage System
(Energy Toolbase, 23.Feb.2022) — Energy Toolbase, a provider of energy storage software solutions, has commissioned a behind-the-meter energy storage project with HES Solar, a San Diego-based, full-service solar development and installation company. HES Solar installed a BYD Chess energy storage system, integrated with Energy Toolbase’s Acumen EMS™ controls software, alongside a SunPower […]
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NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]
(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]
SSR Mining Reports 4Q:21 and YE:21 Results
(SSR Mining, 23.Feb.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) reports consolidated financial results in accordance with U.S. GAAP for the full year ended 31 December 2021. In addition, the Board of Directors declared a quarterly cash dividend of US$0.07 per common share, an increase of 40% over the third quarter dividend, […]
Braskem Expands its Circular Polymer Portfolio
(Braskem, 23.Feb.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced the expansion of its circular polymer portfolio to include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem’s new PCR polypropylene grades can be used in a wide range of U.S. Food and Drug Administration […]
NRGBriefs: Nucor Corp. Declares Regular Quarterly Cash Dividend
(Energy Analytics Institute, 22.Feb.2022) — Energy briefs including the BODs of Nucor Corporation (NYSE: NUE) declaring the regular quarterly cash dividend of $0.50/shr on Nucor’s common stock; Select Energy Services reporting revenue of $255mn generated during the 4Q:21, up 25% sequentially from the 3Q:21; B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: […]
bp Announces Successful Start-up of Herschel Expansion in US GOM
(bp, 22.Feb.2022) — bp announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico. This is part of bp’s strategy to invest in focused and resilient hydrocarbons. Herschel is the first of four major projects scheduled to be delivered globally in 2022. Phase 1 of […]
NRGBriefs: University of Guyana Students Invited to Oil Conference
(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]
Saulsbury Awarded Construction Contract in Southeast New Mexico
(Saulsbury, 16.Feb.2022) — Saulsbury has recently been awarded multiple pipeline contracts to construct a collective 16.5 miles of steel and poly flowlines in Southeast New Mexico. This award represents a significant achievement for Saulsbury, as we work to promote growth in our Field Services operations. “We are excited to see the […]
Petrobras Starts Non-binding Phase for Divestment of GOM E&P Assets
(Petrobras, 16.Feb.2022) — Petrobras, following up on the release disclosed on 10/04/21, informs the beginning of the non-binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns […]
NRGBriefs: Guyana VP Jagdeo Reveals NOC Aspirations by 3Q:22
(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including the International Energy Conference and Expo Guyana saying it will allow the first 80 University of Guyana students to enter its conference for free on 16 Feb. 2022; Guyana’s Vice President Bharrat Jagdeo talking about the potential launch of the country’s national […]
Is Private Equity Who Upstream M&A Market is Looking for?
(WoodMac, 16.Feb.2022) — As energy transition and ESG pressures bring more upstream assets to market, questions remain about who’s buying. Comments follow from Greig Aitken, Research Director, M&A and Neivan Boroujerdi, Principal Analyst, North Sea Upstream. The pressure is rising for public companies to decarbonise. It’s bringing more upstream assets to the […]