(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the […]
Category: USA
Talos Energy Announces 2020 Operating Guidance
(Talos 18.Feb.2020) — Talos Energy Inc. announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously […]
Geronimo And Basin Electric Power Announce Deal
(Geronimo 18.Feb.2020) — Geronimo Energy, a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced execution of a Power Purchase Agreement (PPA) for […]
Citgo Names Jack Lynch As Chief Compliance Officer
(Citgo, 11.Feb.2020) — Citgo Petroleum Corporation announced the appointment of Jack Lynch as the company’s new Chief Compliance & Ethics Officer. Lynch will continue to […]
PPGPL Acquires Twin Eagle’s Marketing Assets
(PPGPL, 7.Feb.2020) — Phoenix Park Gas Processors Limited announced its acquisition of a US entity. Effective February 1, 2020, PPGPL through its wholly owned US […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a […]
After $1bn Venezuela Deal, US Oilfield Firm Shuts Doors
(Reuters, 12.Jan.2020) — An Oklahoma oilfield company that played a central role in Venezuela’s high profile attempt to convince the world it could halt production […]
Citgo Announces Small Grants Program Winners
(Citgo, 24.Jan.2020) — The Simón Bolívar Foundation Inc. (SBF), a non-profit, private foundation of CITGO Petroleum Corporation, awarded seven grants totaling $100,000 to nonprofits that […]
Mitsubishi, Patria, And Shell Report On Azul Power Plant
(MHPS, 7.Jan.2020) — Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazil’s State-owned development bank (BNDES) […]
Petrobras Names JP Morgan New ADR Depositary Bank
(Petrobras, 30.Dec.2019) — Petrobras announced that JP Morgan Chase will be the new representative of the American Depositary Receipt (ADR) program for its shares traded […]
US Cuts Venezuelan Flows Plans For China, Rosneft
(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a […]
Cameron LNG Facility Begins Production At Train 2
(Sempra LNG, 23.Dec.2019) — Sempra LNG, a subsidiary of Sempra Energy, announced that Cameron LNG has begun producing liquefied natural gas (LNG) from the second […]
US Says Maduro Rigging Coming Vote
(NYT, 20.Dec.2019) — At stake is control of the country’s National Assembly, which is controlled by the opposition leader Juan Guaidó, who has accused President […]
Hecate’s Solar Project To Assist El Paso Electric
(Hecate, 19.Dec.2019) — Hecate Energy announced its proposed 100 MW Santa Teresa solar project has been selected by El Paso Electric Company (EPE) as part […]
Bolivia, US Officials Discuss Hydrocarbon Sector
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — A delegation accompanying US representative Bruce Williamson meet with Bolivia’s Hydrocarbon Minister Víctor Hugo Zamora to discuss possibilities […]
Total Advances Two Deepwater GOM Projects
(Total, 16.Dec.2019) — Total announces the final investment decision (FID) to develop the Anchor oil field. Additionally, front-end engineering and design (FEED) has begun for […]
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy […]
Talos Announces GOM Acquisition
(Talos, 10.Dec.2019) — Talos Energy Inc. entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, […]
Barkindo Says US Sanctions On Venezuela Unhealthy
(Energy Analytics Institute, Piero Stewart, 10.Dec.2019) — OPEC Secretary General Mohammad Barkindo assured that unilateral sanctions imposed on member countries of the organization are unhealthy […]
EOG Resources Declares Quarterly Dividend
(EOG, 10.Dec.2019) — The Board of Directors of EOG Resources, Inc. declared a dividend of $0.2875 per share on EOG’s Common Stock, payable 31 January […]
Commercial Operation Starts at Freeport LNG Project in Texas
(Osaka Gas, 10.Dec.2019) — Osaka Gas USA announced that the Freeport LNG Project in Texas, the United States, has started commercial operation for its first […]
Venezuela Releases ‘Citgo 6’
(Chron.com, Sergio Chapa, 9.Dec.2019) — Six executives of Houston refiner Citgo are out of a Venezuelan prison, according to a late Monday report by Reuters. […]
Sempra Declares Common And Preferred Dividends
(Sempra, 9.Dec.2019) — The Sempra Energy board of directors declared a quarterly dividend of $0.9675 per share of common stock. The common stock dividend is […]
NY Reserve Bank To Hold Guyana Oil Revenues
(Stabroek News, 7.Dec.2019) — Guyana’s Natural Resource Fund (NRF), which will hold oil revenues, is to be located in the Federal Reserve Bank of New […]
CITGO Reports 3Q Results
(Citgo, 6.Dec.2019) — Citgo Petroleum Corporation reported strong financial and operational performance as the Board of Directors reviewed with the Shareholder the company’s performance during […]
Petrobras Plans $34bn In Dividends
(Bloomberg, Simon Casey and Sabrina Valle, 5.Dec.2019) — Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it […]
Petrobras Host Investor Day In NYC
(Energy Analytics Institute, Aaron Simonsky, 4.Dec.2019) — Brazil’s state-controlled oil giant Petrobras hosted media and analyst during its annual investor day event in New York […]
LatAm, US Ban Travel For Venezuela’s Maduro, Allies
(Reuters, Luis Jaime Acosta, 3.Dec.2019) — Fifteen countries in the Americas agreed on Tuesday to ban 29 Venezuelans, including the oil-producing country’s president, Nicolas Maduro, […]
Venezuela And Cuba ‘Circumvent Sanctions’
(Miami Herald, Jim Wyss and Nora Gamez Torres, 3.Dec.2019) — Washington continued to tighten its grip on Venezuela and Cuba on Tuesday, naming six oil […]
US Acts Against Movement Of Venezuelan Oil To Cuba
(US Department of State, 3.Dec.2019) — On December 3, the United States identified six PDVSA-owned vessels, pursuant to E.O. 13884 or 13850, being used by […]
OFAC Adds Six Vessels To List
(Piero Stewart, Energy Analytics Institute, 3.Dec.2019) — The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) add six vessels to its SDN […]
Invenergy Expands Via Deal With Colombia’s EPM
(Invenergy, 2. Dec.2019) — Invenergy executed a strategic partnership agreement with Empresas Publicas de Medellin (EPM), one of Colombia’s largest public electric utilities, to develop, […]
Maduro Sent $900mn In Oil To Cuba, U.S. Official Said
(El Nuevo Herald, Nora Gámez Torres, 27.Nov.2019) — Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian […]
Venezuela-linked Sanctions Put Floor Under Oil Spreads
(S&P Global Platts, 27.Nov.2019) — The benchmark Dubai crude futures market structure moved higher in mid-morning trade in Asia Wednesday as new sanctions imposed on […]
Rosneft Undermining US Plans In Venezuela?
(Atlantic Council, Matthew Bryza, 27.Nov.2019) — US President Donald Trump is conducting policies of “maximum pressure” on two countries, Venezuela and Iran. In Venezuela, Russia’s […]
Conoco Seeks Seizure Of Citgo Parent
(Reuters, 26.Nov.2019) — U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent of U.S. […]
Ecopetrol Targets Higher CAPEX In 2020
(Ecopetrol, 25.Nov.2019) — Ecopetrol S.A. reported that in 2020 the Ecopetrol Group (GE) plans to invest an expected US$4.5 to US$5.5 billion, 25% to 53% […]
Valaris Announces New Contract Awards
(Valaris, 25.Nov.2019) — Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet […]
Pemex Cyberattack Has US Cos. Taking Precautions
(Chron.com, Sergio Chapa, 25.Nov.2019) — American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack […]
BPC And Baker Hughes Seal Bahamas Deal
(Offshore Energy, 22.Nov.2019) — Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well […]
Third Circuit Rejects Citgo Rehearing
(Argus, Elliott Blackburn, 21.Nov.2019) — Federal appeals court judges have denied Venezuela’s request to rehear a July decision upholding the pursuit of the country’s US […]
US Court Denies Citgo Rehearing
(S&P Global Platts, 21.Nov.2019) — A US appeals court Thursday denied Venezuela’s request for it to reconsider its ruling allowing a PDVSA creditor to go […]
Venezuela Opposition In Citgo Deal
(Reuters, 19.Nov.2019) — Venezuela’s opposition has reached a deal with the custodians of a bond issued by state oil company PDVSA to prevent bondholders from […]
Is Big Oil Wasting Its Time in The US Shale Patch?
(Oilprice.com, Nick Cunningham, 19.Nov.2019) — Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the […]
Venezuela Using Invisible Oil Tankers To Skirt Sanctions
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government […]
Ecopetrol and Oxy Finalize Permian Deal
(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 Jul. 2019. Through this deal, the company and Occidental Petroleum Corp agreed […]
Clorox And Enel Green Power Ink Deal
(Clorox, 13.Nov.2019) — The Clorox Company and a wholly owned subsidiary of Enel Green Power North America signed a 12-year, 70 megawatt (MW) virtual power […]
Rosneft Grapples With Unsold Venezuelan Oil
(Michelle Wiese Bockmann, 12.Nov.2019) — Rosneft’s trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened […]
Ecopetrol Finds Oil In GOM Deep Waters
(Ecopetrol, 7.Nov.2019) — Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement […]