NRG DASHBOARD

(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS -- The Caribbean Renewable Energy Forum 2021 takes place from ...
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(Maersk Drilling, 15.Oct.2021) — TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022 ...
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(Petrobras, 14.Oct.2021) — Petrobras, regarding the pieces of news in the media about the sale of onshore production fields, located in the Recôncavo and Tucano Basins, in the state of Bahia, jointly called the Bahia Terra Cluster, clarifies that it has received binding offers from potential interested parties in the ...
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(Energy Analytics Institute, 14.Oct.2021) — Energy briefs including comments from a webcast hosted by the ACIPET spanning speakers such as ANH head Armando Zamora as well as ANH’s José de Armas and Ecopetrol executive Maria Fernand Arango; Colombia’s massive gas potential onshore and offshore; ExxonMobil heard being close to reaching ...
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(Energy Analytics Institute, 13.Oct.2021) — Energy briefs including the IMF advising Argentina to lower its deficit and estimating Venezuela’s inflation at 2,700% this yr, Colombia’s mines and energy minister Diego Mesa saying the country is committed to advancing its decarbonization goals; EP PetroEcuador awarding export deals to Shell Western Supply ...
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(Staatsolie, 13.Oct.2021) — By signing the Production Sharing Contract (PSC), Staatsolie grants Chevron rights for exploration, development and production in the offshore area, while Staatsolie retains the right to a forty percent participation. For the first time in Staatsolie's history the company will participate as a partner in offshore activities ...
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(Occidental, 13.Oct.2021) — Occidental (NYSE:OXY) agreed to sell its interests in two Ghana offshore fields for $750mn to Kosmos Energy ($550mn) and Ghana National Petroleum Corporation (GNPC) ($200mn), prior to closing adjustments to reflect an 1 April 2021 effective date. The sale to Kosmos closed upon signing and the sale ...
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(Reuters, 11.Oct.2021) — A consortium led by Aguila Energia has placed the highest bid for Brazilian state-run oil company Petrobras' Bahia onshore fields, offering over $1.5 billion, according to two sources with knowledge of the situation. Petroleo Brasileiro (PETR4.SA), as the company is formally known, declined to comment. The proposal ...
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(Energy Analytics Institute, 11.Oct.2021) — Energy briefs including Argentina looking to send Vaca Muerta gas to Brazil; US-based Talos Energy setting date for 3Q:21 conf. call; and more. LATIN AMERICA AND THE CARIBBEAN Brazil -- Brazil’s Foreign Minister Carlos França expressed "enthusiasm" over a deal w/ Argentina to allow for ...
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(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for its 3Q:21 conf. call; and more. LATIN AMERICA AND CARIBBEAN Argentina -- SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) will release its 3Q:21 ...
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(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including US secretary of state Antony Blinken visiting Mexico City for the US-Mexico high-level security dialogue; Petrobras planning to boost petrol and cooking gas prices; Great Panther Mining Limited reporting production results in Brazil and Mexico; and more. LATIN AMERICA AND CARIBBEAN Brazil ...
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(ANH, 8.Oct.2021) — The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean, with investment commitments of approximately $1.4bn. Highlights: -- Contracts COL-1, COL-2, COL-6 and COL-7 are located in contiguous areas off the coasts of Magdalena, ...
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(Trinidad and Tobago Newsday, 7.Oct.2021) — The Energy Chamber of Trinidad and Tobago has called for immediate reform of the supplemental petroleum tax (SPT) and value-added tax (VAT) refunds to spur investments in oil production. In a statement on Wednesday, it said the changes introduced in 2020 for small onshore ...
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(Trinidad Guardian, 7.Oct.2021) — The United Independent Petroleum Marketing Company Limited (Unipet) has announced plans to build a US$4.9 million multi-purpose fuel station in Guyana. According to Unipet it is currently awaiting approval from the Guyana Environmental Protection Agency (EPA) to build a multi- purpose fuel facility at Pant ‘P’, ...
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(Reuters, 7.Oct.2021) — Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a ...
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(Euronews, 7.Oct.2021) — Brazil's 2022 presidential election will be ballot between "fascism and democracy", former leftist leader Luiz Inacio Lula da Silva told Euronews, as he mulls mounting a challenge against incumbent Jair Bolsonaro. Lula, 75, led the Latin American country between 2003 and 2010, introducing popular social measures that ...
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(Reuters, 7.Oct.2021) — Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were ...
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(ExxonMobil, 7.Oct.2021) — ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels.  The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block ...
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(Hess, 7.Oct.2021) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 10 billion barrels of oil equivalent, up from the previous estimate of more than 9 billion barrels of oil equivalent. The updated resource estimate includes another ...
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(Petrobras, 6.Oct.2021) — Petrobras says its Strategic Plan 2022- 26 (SP 2022-26) is under preparation. Following the previous years, in SP 2022-26 the company intends to present its production curve, the plan's financing, as well as the investment projection (CAPEX), including the amount to be spent each year and the ...
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(Reuters, 6.Oct.2021) — Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst. About 3,000 barrels (126,000 gallons) of crude oil spilled into the Pacific ...
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(Reuters, 6.Oct.2021) — Brazilian energy company Cosan SA (CSAN3.SA) has joined the U.S.-based Fifth Wall Climate Tech Fund as an investor and partner in a deal that also gives it preferential access to investments in startups developing lower carbon solutions. Cosan is one of Brazil's largest corporations, controlling the country's number 1 ...
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(Energy Analytics Institute, 6.Oct.2021) — Energy briefs including Brazil’s ANP holding its 17th bid round; Ecuador’s oil production holding steady; Panama’s Generadora Gatún natural gas power plant expecting to start providing electricity in 2024; and more. LATIN AMERICA AND CARIBBEAN Brazil -- Brazil’s ANP will hold its 17th Round of ...
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(New York Times, 6.Oct.2021) — When President Donald Trump in 2020 signed a trade deal with China after years of escalatory tariffs, then-presidential candidate Joe Biden blasted the agreement. ‘China is the big winner of Trump’s “phase-one” trade deal with Beijing,’ Biden said after the agreement was finalized. He wasn’t ...
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(Reuters, 6.Oct.2021) — Rebeca Reyes furiously scrubbed black tar from her kids' arms after they swam in waters tainted by crude oil during a recent outing to Venezuela's Punta Cardon beach. A breach in an undersea pipeline owned by state-run oil company PDVSA that had gushed for at least 10 ...
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(News America, 5.Oct.2021) — This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices have tripled due to a fall in inventory meeting a fast-recovering global economy. Reduced wind power, which accounts for roughly ...
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(DPI, 4.Oct.2021) — The Guyana Pavilion at the greatest international mega event – Expo 2020 Dubai – has seen scores of people from across the globe already showing their interest in the vast array of opportunities Guyana holds for investment. Making this disclosure is the Guyana Office for Investment (GO-Invest) ...
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(Petrobras, 4.Oct.2021) — Petrobras started the opportunity disclosure stage (teaser), 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 offshore fields in the Gulf of Mexico. The teaser, ...
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(Petrobras, 4.Oct.2021) — Petrobras, following up on the release disclosed on 29 September 2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, ...
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(Select Energy, 4.Oct.2021) — Select Energy Services, Inc. (NYSE: WTTR) announced that, effective 1 October 2021, it has successfully closed on the acquisition of substantially all of the assets of Agua Libre Midstream, LLC and certain water-related assets and operations of Basic Energy Services, L.P. and assumed liabilities in connection ...
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(Petrobras, 4.Oct.2021) — Petrobras concluded the obligations set forth in its agreement with the U.S. Department of Justice (DOJ), previously disclosed in its 27 September 2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain ...
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(Energy Analytics Institute, 4.Oct.2021) — Energy briefs including Colombia’s President Iván Duque Márquez launching the country’s hydrogen roadmap for the next decade during an event in Barranquilla; Trinidad and Tobago’s Minister of Finance Colm Imbert eying bid rounds; and more. Argentina -- Lithium South Development Corp. (TSX-V: LIS) (OTCQB: LISMF) ...
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(Energy Analytics Institute, 3.Oct.2021) — Energy briefs including SSR Mining Inc. setting the date for 3Q:21 quarterly call; Trinidad and Tobago's Finance Minister Colm Imbert readies national budget presentation; Trinidad and Tobago struggling to boost LNG exports amid European gas crisis; talks set to resume again on 15 Oct. 2021 ...
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(Reuters, 2.Oct.2021) — Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline ...
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(Energy Analytics Institute, 1.Oct.2021) — Energy briefs including Mantaro Silver Corp. changing its name to Mantaro Precious Metals Corp.; Golden Arrow Resources Corp. commencing a diamond drilling program in Paraguay; and more. LATIN AMERICA AND THE CARIBBEAN Bolivia -- Mantaro Silver Corp.'s (TSXV: MSLV) (FSE: 9TZ) BOD approved a change ...
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(Nucor, 1.Oct.2021) — Nucor Corporation (NYSE: NUE) announced two acquisitions today on behalf of The David J. Joseph Company (DJJ).  The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor's growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting ...
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(JinkoSolar, 30.Sep.2021) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) provided updates on the status of the proposed initial public offering ("STAR Market IPO") and listing of the shares of its principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), on the Shanghai Stock Exchange's Sci-Tech innovation board (the "STAR Market") ...
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(Argus, 30.Sep.2021) — A Dutch court has dealt the latest blow to Venezuela's shrinking overseas portfolio that neither the Venezuelan government nor its political foes has succeeded in defending from creditors and arbitration claimants. In a 14 September Dutch appeals court ruling, Curacao's state-owned RdK won the right to sell ...
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(Frontera, 30.Sep.2021) — Frontera Energy Corporation (TSX: FEC), Cenit Transporte y Logística de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced they have agreed to extend the deadline for the approval of the conciliation agreement between Frontera, CENIT and Bicentenario from 30 September 2021 to 29 October 2021 ...
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(Energy Analytics Institute, 30.Sep.2021) — Energy briefs including Argentina’s YPF announcing details of its 3Q:21 webcast, Petrobras Global Finance B.V. (PGF) on settlement of early redemption of global notes, and refining worker detentions in Venezuela, among other updates. LATIN AMERICA AND CARIBBEAN Argentina -- Argentina’s YPF will release its 3Q:21 ...
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(Energy Analytics Institute, 29.Sep.2021) — Energy briefs including revelation of Colombia’s hydrogen roadmap, Xodus conducting a study of Suriname’s gas resources and TotalEnergies CEO Patrick Pouyanné presenting the co.’s strategy outlook presentation. LATIN AMERICA AND THE CARIBBEAN Colombia -- Colombia’s oil and mines minister Diego Mesa revealed 29 Sep. 2021 ...
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(Energy Analytics Institute, 29.Sep.2021) — Argentina presented its second Nationally Determined Contribution (NDC) plan in December 2020 to update its commitment to limiting greenhouse gas emissions and mitigation goals. The South American country’s national mitigation goal is “absolute, unconditional, and applicable to all sectors of the economy,” according to details ...
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(Orea, 29.Sep.2021) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provided an update on the acquisition of a new gold project located in Suriname, South America. As announced on 6 July 2021, Orea signed of a Binding Term Sheet (BTS) to acquire up to a 75% interest in ...
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(Trinidad and Tobago Newsday, 29.Sep.2021) — The National Energy Corporation and Methanex Trinidad Ltd have partnered to conduct a feasibility study on the viability of methanol as an alternative fuel for transport. On Wednesday both sides signed a memorandum of understanding (MOU) which represented a public-private sector partnership, in support ...
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(Rystad, 29.Sep.2021) — Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest growing major shale basin, a Rystad Energy report shows. A record number of wells were completed and put on production ...
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(Petrobras, 29.Sep.2021) — Petrobras announced that on Monday 27 September 2021 gas production was halted at the Manati field, located in the Camamu Basin, in the state of Bahia, due to a leak in the onshore portion of its export pipeline. The pipeline's operation was interrupted, with teams being mobilized ...
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(Petrobras, 29.Sep.2021) — Petrobras, following up the release disclosed on 24 August 2021, informs that the partner CNOOC Petroleum Brasil Ltda. expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in ...
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(APA Corp., 29.Sep.2021) — APA Corporation (Nasdaq: APA) announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled approximately 6.2 kilometers from the discovery well ...
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(Petrobras, 29.Sep.2021) — Petrobras' Board of Directors approved the allocation of R$300mn, over a period of 15 months, for the creation of a social program to support families in situations of social vulnerability to contribute with access to essential inputs, focusing on liquefied petroleum gas (LPG), popularly known as cooking ...
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(Fitch, 29.Sep.2021) — Fitch Ratings has placed the ratings for Hunt Oil Company of Peru L.L.C., Sucursal del Peru's (HOCP) on Rating Watch Negative (RWN), including the 'BBB' Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) and the 'BBB' USD600 million senior unsecured notes due 2028. The RWN reflects ...
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(Argentina Lithium, 28.Sep.2021) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) is expanding its portfolio of lithium exploration projects in Argentina's world renown Lithium Triangle. The company has entered into a letter of intent with a local vendor to acquire a 100% interest in the 2,370 ...
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(Energy Analytics Institute, 28.Sep.2021) — Energy briefs including Colombia’s ANH pushing back bid round deadlines, Colombia’s plans to reveal its hydrogen roadmap, and Trinidad and Tobago’s government commenting on a subsidy to Lake Asphalt Trinidad and Tobago Ltd. (LATT), among other updates. LATIN AMERICA Colombia -- Colombia’s Minister of Mines ...
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(Petrobras, 28.Sep.2021) — Petrobras, following the release disclosed on 26 August 2021, signed with Excelerate Energy Comercializadora de Gás Natural Ltda. the lease contract of the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities, in the amount of approximately R$102mn, effective until December 2023, in addition to other ancillary ...
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(S&P, 27.Sep.2021) — Asian refiners could soon find their crude oil procurement options in the regional spot market increase significantly as Colombia's state-run Ecopetrol rapidly accelerates its heavy crude marketing efforts in the Far East, while the upstream company's ambition to apply carbon offsets to its crude cargoes could lure ...
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(Argus, 27.Sep.2021) — Tensions are mounting in Brazil's natural gas industry among players eager to maintain their positions or broaden their stakes as the country's gas market prepares to open up in January. Disputes in the new Brazilian gas sector are on the rise and may well end up in ...
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(Argus, 27.Sep.2021) — Tensions are mounting in Brazil's natural gas industry among players eager to maintain their positions or broaden their stakes as the country's gas market prepares to open up in January. Disputes in the new Brazilian gas sector are on the rise and may well end up in ...
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(Trinidad and Tobago Newsday, 27.Sep.2021) — Energy Minister Stuart Young expressed optimism on Monday that Trinidad and Tobago could benefit from the high energy prices of recent times. Young made this comment in response to rising natural gas prices in the United Kingdom. A September 18 report in the UK ...
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(Reuters, 26.Sep.2021) — Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector from the new leftist government. Bellido told Reuters in August that the government ...
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(Energy Analytics Institute, 24.Sep.2021) — Brazil’s oil regulator ANP published on 24 September 2021 Resolution No. 852/2021, which regulates activities related to the production of oil products and natural gas, as well as their storage, sell, and provision of services. The resolution will take effect on 1 October. The objective ...
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(AP, 24.Sep.2021) — The latest round of negotiations between Venezuela’s government and the country’s opposition were suspended Friday when the government’s delegates failed to appear in Mexico City. Two sources tied to the process confirmed that the first session of this round of talks had been suspended. They hoped to ...
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(Touchstone, 24.Sep.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Touchstone has an 80 percent operating working interest in the well, which is located on the ...
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(Bristow, 23.Sep.2021) — Eve Urban Air Mobility, LLC, an Embraer company, and Bristow Group Inc. (NYSE: VTOL) announced a Memorandum of Understanding to work together to develop an Air Operator's Certificate (AOC) for Eve's electric vertical takeoff and landing (eVTOL) aircraft. The partnership will develop an Urban Air Mobility (UAM) ...
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(Golden Arrow, 23.Sep.2021) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), commenced the first reverse circulation drilling program at the Rosales Copper Project in Chile. The drill program is testing the large conductive zones identified in the recent TEM geophysical survey, as discussed in the August 4th, 2021 news release. "We ...
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(Vuzix, 23.Sep.2021) — Vuzix® Corporation (NASDAQ: VUZI), a supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that Latin America distributor KTI Ingeniería has brought Vuzix Smart Glasses to a growing list of Chilean companies across multiple industry verticals, particularly in the highly populated and industrialized Biobío region ...
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(Energy Analytics Institute, 23.Sep.2021) — Energy briefs from the LAC region including: Brazil’s ANP approving a resolution to regulate a reduction in royalties, a court in Rome rejects Nicolas Maduro’s request to extradite former PDVSA head Rafael Ramirez, and the BODs of APA Corp. declaring a regular cash dividend. LATIN ...
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(Argus, 23.Sep.2021) — ConocoPhillips stands out in Venezuela's vast universe of jilted creditors and claimants as a potential future commercial partner for state-owned PdV, a distinction that is driving aggressive international enforcement actions and quiet overtures for Caracas to resume payments of the company's arbitration debt. The US independent's $10bn ...
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(Loop News, 22.Sep.2021) — What is all the talk of the scandal surrounding the National Gas Company of T&T (NGC) really about? It can sometimes be hard to understand as many of us can get confused when we hear politicians talk about upstream (oil and gas exploration companies) and the ...
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(Petrobras, 21.Sep.2021— Petrobras's Board of Directors of its subsidiary Petrobras Transporte S.A. (Transpetro) received a letter of resignation from Gustavo Santos Raposo as CEO of the company, with effect from 24 September 2021. Transpetro's Board of Directors will deliberate on the nomination of Transpetro's Service Director, Luiz Eduardo Valente, to ...
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(Bristow, 21.Sep.2021) — Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd announced a Memorandum of Understanding (MOU) under which the two firms will cooperate on the certification, operational planning and potential purchase of up to 50 eVTOL aircraft.  Bristow's pre-order of 25 aircraft, along with the option for ...
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(AP, 20.Sep.2021) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of Venezuela’s PDVSA state oil company, fled to Italy after ...
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(White House, 18.Sep.2021) — The United States and European Union announced today the Global Methane Pledge, an initiative to reduce global methane emissions to be launched at the UN Climate Change Conference (COP 26) in November in Glasgow. President Biden and European Commission President Ursula von der Leyen urged countries ...
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(NPR, 18.Sep.2021) — The British government is putting up to 150 army drivers on standby to operate gas tanker trucks, as the country's fuel delivery crisis continues and motorists roam greater London in search of open gas stations. The government insists the U.K. is not facing a fuel shortage, just ...
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(bpTT, 17.Sep.2021) — bp Trinidad and Tobago LLC (bpTT) confirms its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic.  Matapal is bpTT’s second subsea development. It’s comprised of three wells, which ...
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(Stabroek News, 15.Sep.2021) — Already coming out with the best responsive bid during evaluation for the one-year contract to market Guyana’s oil, Saudi Arabian company, Aramco Trading Limited, was also awarded the single-lift slated for this month to avoid this country having to forfeit its one million barrels of crude, ...
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(Bloomberg, 15.Sep.2021) — The U.S. will consider authorizing the sale of Citgo Petroleum Corp. shares early next year, after the mandate of the Venezuela opposition government ends, according to a court document.  The U.S. Treasury said it may reasses the sale of shares of Citgo’s parent company, PDV Holding Inc., ...
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(Energy Analytics Institute, 14.Sep.2021) — The National Environmental Licensing Authority (ANLA) fined Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC), through Resolution 01613 dated 10 September 2021, for a sum of COP $3,667,409,150. The sanction relates to work carried out in the CPO09 Exploratory Drilling Area project located in the municipality of Acacías, ...
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(Caricom.org, 14.Sep.2021) — The Caribbean Community (CARICOM) has taken note of the round of negotiations in Mexico and mediated by Norway between representatives of the Government of the Bolivarian Republic of Venezuela and the opposition, seeking to bring an end to the protracted multidimensional crisis afflicting that country. The Community ...
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(Energy Analytics Institute, 13.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina Lithium & Energy Corp. acquiring high quality lithium projects, Citgo Petroleum executives warning of threats from biofuels amid the energy transition, and much more. LATIN AMERICA AND CARIBBEAN Argentina -- The Center for International ...
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(Energy Analytics Institute, 13.Sep.2021) — Argentina’s state owned YPF acquired Class XI Notes (YMCBO) between 1-10 September 2021 for a total amount of Ps. 677,691,518.80 Argentine Peso ($7,037,920 or $7mn) which will be held in its portfolio. The Class XI Notes mature in November 2021 and were issued by YPF ...
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(McDermott, 13.Sep.2021) — McDermott's Amazon vessel, following a sophisticated upgrade to its ultra-deepwater capabilities, is coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon. "This contract, which will take place in a water depth of more than 9,000 feet, is a ...
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(Argus, 13.Sep.2021) — Brazil's state-controlled Petrobras signed a natural gas supply agreement with steel producer Gerdau in a debut of its more flexible pricing model designed to compete in the newly opened wholesale market. Petrobras will supply Gerdau's steel milling complex in Ouro Branco, Minas Gerais state. The terms of ...
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(Argus, 13.Sep.2021) — Brazil's association of energy-intensive industries (Abrace) is holding a first-ever tender to purchase more than 6mn m3/d of natural gas. Abrace gas manager Adrianno Lorenzon spoke to Argus about the wholesale market outlook as state-controlled Petrobras pulls back. What are the primary goals of the tender? The ...
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(Argus, 13.Sep.2021) — Brazil's push for state-controlled Petrobras to divest from the domestic natural gas distribution business may end up boosting individual states' ownership in the sector, thwarting plans to open up competition. Gaspetro, Petrobras' subsidiary for natural gas distribution, is tied to Brazil state governments in 19 regional gas ...
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(Creedence, 13.Sep.2021) — Creedence Energy Services, a portfolio company of Tower Arch Capital, recapitalized Magna Energy Services, LLC in partnership with its CEO, Adam Kelly. Founded in 2006, Magna Energy Services is headquartered near Farmington, NM and led by Adam Kelly. Magna provides a comprehensive suite of production chemicals to ...
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(Reuters, 10.Sep.2021) — A private equity group expects a contrarian bet it made this year on Venezuela’s oil and gas sector to pay off soon, with the socialist government making reforms to attract capital to the OPEC nation after years of U.S. sanctions and sparse investment. Executives at Caracas-based Sucre ...
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(Reuters, 10.Sep.2021) — Colombia's government said on Friday a World Bank tribunal has ruled it is currently not liable to pay $736 million in damages to Eco Oro Minerals Corp after the Canadian mining company alleged that the Andean nation's prohibition on mining in high-altitude wetlands constituted an indirect expropriation ...
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(Bloomberg, 9.Sep.2021) — Venezuela is pushing to restart a key gasoline refinery despite questions over ongoing maintenance problems as it attempts to double fuel production to fill a shortage that has caused long lines at pumps across the country. State oil firm PDVSA began partial operations in three units at ...
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(Bloomberg, 9.Sep.2021) — Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production. The funds allocated for the state producer in a 2022 budget proposal, including operational spending, represent a 17% increase from this ...
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(Keppel, 9.Sep.2021) — Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd delivered the Liza Unity, a mega Floating Production Storage and Offloading vessel (FPSO), to SBM Offshore with no loss-time incidents. This follows the delivery of Guyana’s first FPSO by Keppel O&M in 2019.  Mr Chris Ong, ...
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(ExxonMobil, 9.Sep.2021) — ExxonMobil made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) ...
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(Hess, 9.Sep.2021) — Hess Corporation (NYSE: HES) announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality oil bearing sandstone reservoir. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase ...
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(bpTT, 8.Sep.2021) — Dev Sanyal, executive vice president Gas and Low Carbon Energy, bp - has emphasized bp’s commitment to the continued development of its Trinidad and Tobago business. Sanyal had a virtual meeting with Minister of Energy and Energy Industries the Hon Stuart Young on Sept 7. Sanyal took ...
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(WoodMac, 8.Sep.2021) — The severe drought in Brazil will contribute to an extremely tight power balance in the country, new research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows. Gabriel Dufflis, lead analyst in Wood Mackenzie’s Brazil power sector research team, said: “The electricity system ...
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(Argus, 8.Sep.2021) — Venezuela's abundant hydrocarbons are beckoning a new generation of investors, stepping in where more established companies are pulling out. Sucre Energy, a Netherlands-based and Spanish-registered private equity company, acquired the central Venezuelan assets of Japan's Inpex in a deal that closed in May for an undisclosed sum ...
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(Argus, 8.Sep.2021) — Trinidad and Tobago's beleaguered LNG producer Atlantic is working with the government on a restructuring to ensure its commercial viability, major shareholders Shell and BP told Argus. The 14.8mn t/yr Atlantic complex at Point Fortin is beset by a chronic feedstock shortage that led to the mothballing ...
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(InvestChile, 7.Sep.2021) — Chile urgently needs to increase its plastic recycling capacity and this opens up significant business opportunities for foreign companies. This topic will be aired in the online event "Plastic Recycling Infrastructure: Investment Opportunities in Chile" taking place this Thursday, September 9. The webinar has been organized by ...
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(Reuters, 7.Sep.2021) — Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday. ____________________ Reporting by Neil Marks in Georgetown. Writing by Luc Cohen; Editing ...
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(Argus, 6.Sep.2021) — Brazilian natural gas pipeline distributors and other gas buyers say state-run company Petrobras is making it more difficult to sign short-term supply contracts, discouraging the opening of the country's gas market. Petrobras said on 3 May it would offer six-months and one-year gas supply contracts in addition ...
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(Trinidad Guardian, 3.Sep.2021) — In what could turn out to be a major scandal for the government and state-owned National Gas Company, (NGC) Guardian Media has obtained confidential correspondence between Finance Minister Colm Imbert and the Board of the NGC that show the Board seeking, and Imbert agreeing, to grant ...
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(Energy Analytics Institute, 2.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: ExxonMobil progressing its Payara project in Guyana for start-up in 2024 and Japan’s Inpex divesting assets in Venezuela, and much more. Argentina -- Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) named ...
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