NRG DASHBOARD

(Energy Analytics Institute, 23.Oct.2020) — Colombia’s National Hydrocarbon Agency or ANH published a definitive list of 16 companies qualified for the third cycle of its Permanent Area Assignment Process (PPAA). The ANH received 19 requests from companies interesting in qualifying, but settled on 16 that will be able to present ...
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(Energy Analytics Institute, 23.Oct.2020) — Energy briefs from Trinidad and Tobago related to an update on the status of the FSO Nabarima offshore Venezuela in the Gulf of Paria and commodity prices used in the 2021 budget. FSO Nabarima Stable, Not An Environmental Threat The FSO Nabarima located offshore Venezuela ...
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(WoodMac, 21.Oct.2020) — The 2020 elections bring US energy policy to a clear fork in the road. A second term for President Donald Trump would mean a continuation of the pattern of the past four years: a generally laissez-faire approach to energy policy, with attempts at the margin to support ...
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(Energy Analytics Institute, 20.Oct.2020) — Petróleos de Venezuela’s Cardon refinery in Punto Fijo has once again halted operations. The stoppage impacts the recently restarted production of gasoline. “Refinery conditions are very worrying and the risk of accidents is very high,” oil union official Ivan Freites said 20 October 2020 in ...
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(NGX Energy, 20.Oct.2020) — NGX Energy International Corp. (formerly CruzSur Energy Corp.) accepted an offer from Compañia Argentina de Comodoro Rivadavia Explotacion de Petróleo S.A. and Financier S.A. (the "Purchaser") to acquire 100% of NGX's oil and gas interests in Alianza Petrolera Argentina S.A., the Argentine subsidiary through which NGX ...
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(Energy Analytics Institute, 19.Oct.2020) — Belgium-based Exmar reached a $150mn settlement with Argentina’s state-controlled YPF SA related to a dispute under the Tango FLNG agreements. In the deal, YPF will pay the settlement to Exmar for consideration of the early termination of the Tango FLNG agreements, as announced on 25 ...
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(TechnipFMC, 19.Oct.2020) — TechnipFMC has been awarded a significant(1) Engineering, Procurement, Construction and Installation contract by Equinor for the Breidablikk Pipelay, including option for the Subsea Installation scope located in the area close to the Grane Field, North Sea. The Breidablikk project is a tie-back to the existing Grane platform ...
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(WoodMac, 19.Oct.2020) — Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in regards to scale, ConocoPhillips is adding enough Permian production to nip at the heels ...
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(Energy Analytics Institute, 19.Oct.2020) — Faced with globalization and the scientific and technological revolution of the last quarter of a century, countries highly dependent on oil as the main source of income, such as Venezuela, must not only rethink rationally and effectively how to use the gigantic income derived from ...
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(Energy Analytics Institute, 19.Oct.2020) — Bolivia brief related to general elections held 18 October 2020 as well as initial responses from abroad. Bolivia’s Arce Says His Election Has “Recovered Hope” Bolivian leader Luis Arce, from the Movement Towards Socialism or MAS party, has been announced the clear winner in the ...
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(Argus, 19.Oct.2020) — Gas-rich Bolivia's socialist party swept yesterday's elections and will return to power by year's end, but with a more pragmatic leader at its helm. Former finance minister Luis Arce won more than 50pc of the vote in two exit polls, topping his nearest rival, former president Carlos ...
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(Energy Analytics Institute, 19.Oct.2020) — Bolivian presidential hopeful Luis Arce appears to have won the country’s general election. “We still don’t have an official count, but from the data we have, Mr. Arce and Mr. Choquehuanca have won the election,” Bolivia’s interim president Jeanine Añez Chavez announced 19 October 2020 ...
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(ConocoPhillips, 18.Oct.2020) — ConocoPhillips and Concho Resources entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for ...
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(Energy Analytics Institute, 18.Oct.2020) — EP PetroEcuador restarted operations at the 360,000 barrel per day capacity Trans-Ecuadorian Pipeline System (SOTE by its Spanish acronym) after completion of construction works on the fourth variant on the pipeline. The variant, of 735 meters in length, was installed at kilometer 95 + 400 ...
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(Energy Analytics Institute, 17.Oct.2020) — The Nabarima floating storage unit with around 1,180,000 barrels of oil and located offshore Venezuela’s Sucre state is at increased risk of sinking, an oil union official warns. Nabarima belongs to the Empresa Mixta PetroSucre, which partners state oil company Petróleos de Venezuela (PDVSA) and ...
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(Energy Analytics Institute, 16.Oct.2020) — Rio de Janeiro-based Petróleo Brasileiro SA or Petrobras, announced it has postponed the Integrated Project of Parque das Baleias by around a year; thus, pushing the start of production into 2024 compared to 2023, as originally planned. The Brazilian oil giant plans to preserve the ...
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(Petrobras, 15.Oct.2020) — Petrobras, following up on the release disclosed on 29 July 2020, informs the beginning of the binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water concessions (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for ...
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(Energy Analytics Institute, 15.Oct.2020) — Argentina’s President Alberto Fernández announced details of the country’s Gas Plan 4 during a visit to the Vaca Muerta formation. The gas plan aims to replace a good part of imported liquids with national gas production, generating estimated savings of $2.574bn over its four years ...
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(Energy Analytics Institute, 15.Oct.2020) — Populist leaders appear to be on the rise again and elections on the horizon in Latin America from Bolivia to Chile will be a test of citizens’ resolve for change amid the Covid-19 pandemic and economies in the region that have experienced near complete meltdowns ...
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(TechnipFMC, 14.Oct.2020) — TechnipFMC signed a Memorandum of Understanding (MoU) with McPhy, a leading manufacturer and supplier of carbon-free hydrogen production and distribution equipment, pursuant to which the two companies will jointly work on technology development and project implementation. TechnipFMC is also making an equity investment in McPhy. TechnipFMC’s Technip ...
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(Touchstone, 14.Oct.2020) — Touchstone Exploration Inc. completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest). The well encountered significant hydrocarbon accumulations based on wireline log data. Chinook-1 is ...
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(Oceaneering, 13.Oct.2020) — Oceaneering International, Inc. has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up ...
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(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the Latin America and Caribbean (LAC) region with its gross domestic product (GDP) projected to contract 25% in 2020, according to ...
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(Energy Analytics Institute, 13.Oct.2020) — Panhandle Oil and Gas Inc. officially changed its name to PHX Minerals Inc. with an effective date of 8 October 2020. Additionally, and in conjunction with its name change, the company has also announced the unveiling of a new logo. The company's ticker will remain ...
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(Petrobras, 13.Oct.2020) — Petrobras priced an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed ...
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(Petrobras, 13.Oct.2020) — Petrobras’ wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender offers ...
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(Argus, 13.Oct.2020) — Italian Eni's plan to drain a Venezuelan floating oil storage vessel considered a potential environmental risk has been delayed for weeks because of concerns over US sanctions on the Opec country. The Venezuela-flagged Nabarima floating storage and offloading unit (FSO) had been listing in August, with flooding ...
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(Indian Energy, 12.Oct.2020) — Long-duration, non-lithium ion energy storage is the final key to unlocking renewables and permanently evading the blackouts and brownouts that California is currently facing due to fires, a changing energy mix and climate change. Without storage, 100% renewables penetration is not possible. To address this, the ...
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(Energy Analytics Institute, 12.Oct.2020) — Bolivia’s state oil and gas entity Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) announced appointment of Katya Mirna Diederich Kuscevic as executive president, the first woman to take the reins at the company. Diederich replaces Richard Botello Hiza, who resigned in the morning of 12 October 2020 ...
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(Energy Analytics Institute, 12.Oct.2020) — The Córdoba province government of Juan Schiaretti continues to advance varied measures that seek to benefit the region’s biofuels sector. Schiaretti’s government is promoting a bill proposing use of biofuels in the public transport of passengers, cargo as well in vehicle fleets of provincial government, ...
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(Energy Analytics Institute, 12.Oct.2020) — Guyanese government officials held meetings with contractors from the mining and forest sectors in preparation of the rainy season with the objective of ensuring key artery roads in the hinterland, particularly in mining and logging areas are accessible and maintained. The meetings were hosted by ...
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(Energy Analytics Institute, 12.Oct.2020) — The recent arrival of three Iranian tankers to Venezuela carrying around 750,000 bbls of gasoline is only sufficient to last the South American country about two months. Venezuela should at a minimum produce sufficient fuel to cover domestic demand, Eudis Girot, Executive Director with the ...
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(Energy Analytics Institute, 12.Oct.2020) — EP PetroEcuador initiated the ISO 37001 certification process for an anti-bribery management system, which in its initial stage targets the contracting and purchasing processes at the national level. The system also aims to prevent, detect, and combat bribery by establishing a culture of integrity, transparency, ...
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(Petronas, 12.Oct.2020) — Petronas through its subsidiary, PC Oman Ventures Ltd (PCOVL) together with its partners, BP Exploration (Epsilon) Limited and Makarim Gas Development LLC, a subsidiary of OQ, today announced the start of production from its Ghazeer gas field (Phase 2), located in Block 61, Sultanate of Oman, three ...
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(Energy Analytics Institute, 11.Oct.2020) — The former president of Petróleos de Venezuela (PDVSA), Rafael Ramírez, criticized Venezuela’s Anti-Blockade Law, which was approved by the country’s National Constituent Assembly. “For more than five years I’ve been denouncing the direction this government is going in terms the delivery of our oil, reversal ...
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(Energy Analytics Institute, 11.Oct.2020) — Colombian households located in areas not connected to the national interconnected energy system will be offered installation of solar panels with resources from the national government. The households will also receive a transitory subsidy of 86%, according to details revealed by Colombia’s Ministry of Mines ...
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(Energy Analytics Institute, 11.Oct.2020) — Venezuela’s Amuay refinery is processing around 160,000 barrels per day (b/d) after reactivation of two plants, according to an oil union official with the Unitary Federation of Petroleum Workers of Venezuela (FUTPV by its Spanish acronym). The volumes correspond to Plant 1 with 65,000 b/d ...
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(Energy Analytics Institute, 11.Sep.2020) — At the request of the US State Department, Tipco Asphalt plans to temporarily shut down its refinery located in Kemaman, Malaysia. The refinery relies on Venezuelan heavy crude oil for 90% of its feedstock. To avoid US sanctions, the refinery “will have to shut down ...
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(Energy Analytics Institute, 10.Oct.2020) — Venezuela continues to suffer from severe shortages of fuel from gasoline to diesel and across the entire country despite the recent arrival of three Iranian tankers with manly gasoline supplies. Fuel shortages continue across the OPEC-member country since the second shipment this year of Iranian ...
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(Petrobras, 9.Oct.2020) — Petrobras, following up on the releases disclosed on 21 and 29 July 2020 and 26 August, hereby informs that a judicial decision was issued at the end of yesterday, 8 October, determining the continuity of the arbitration instituted by Fundação Petrobras de Seguridade Pessoal (Petros) and Caixa ...
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(OAS, 9.Oct.2020) — The Electoral Observation Mission (EOM) of the Organization of American States (OAS) will begin to arrive in La Paz tomorrow to begin the tasks of observation in the field ahead of the 18 October 2020 election in which the president, vice president, senators and deputies will be ...
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(Reuters, 9.Oct.2020) — An Iranian-flagged oil tanker left Venezuela on Friday for Iran’s Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at the South American country’s Jose oil terminal. The shipment marks the latest example of cooperation between the two OPEC nations ...
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(bpTT, 8.Oct.2020) — bp Trinidad and Tobago LLC (bpTT) continues to invest in the energy future of Trinidad and Tobago and has commenced work on the Matapal field development. Matapal is a subsea development comprised of three wells that tie back into the existing Juniper platform. Matapal will deliver gas ...
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(Noble, 8.Oct.2020) — Noble Corporation plc announced the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement ("CEA") with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted until mid-February 2024 and the additional term will ...
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(Energy Analytics Institute, 8.Oct.2020) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) has reportedly restarted the PetroPiar and Sinovensa blending units, according to reports from local Venezuelan media El Nacional. The first joint venture, PetroPiar, which partners PDVSA and Chevron Corp., is reportedly producing 115,000 barrels per day (b/d), ...
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(Trinidad and Tobago Newsday, 7.Oct.2020) — Following the reading of the national budget for fiscal 2020/2021, the Trinidad and Tobago Chamber of Industry and Commerce acknowledges the unprecedented economic challenges which impacted its formulation. With TT’s main revenue streams still dependent on gas and oil – commodities which are not ...
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(Energy Analytics Institute, 7.Oct.2020) — Ecuador is suing CNO SA, formerly known as Construtura Norberto Odebrecht SA, for $281mn for breach of the construction contract for the pipeline Pascuales Cuenca Poliducto (PPC). The Guayas Provincial Court of Justice, EP PetroEcuador, through its General Manager Ricardo Merino, and the State Attorney ...
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(NYT, 7.Oct.2020) — Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns. Refineries that once processed oil for export are rusting hulks, leaking crude that blackens shorelines and coats the water in an ...
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(Petrobras, 7.Oct.2020) — Petrobras reports that in September, for the fourth month in a row, it surpassed the record production of S-10 low sulfur diesel, reaching the 1.89 million m³ mark. Also, in September, Petrobras reached the sales record of the same product when 1.91 million m³ were sold. The ...
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(Energy Analytics Institute, 7.Oct.2020) — The ANP Collegiate Board approved on 7 October 2020 the exceptional and temporary reduction of the mandatory mixture of biodiesel-to-diesel oil to 11% from 12% in the months of November and December 2020. The measure is necessary to continue with national supply, since biodiesel supply ...
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(Energy Analytics Institute, 7.Oct.2020) — An updated schedule for the 76th Biodiesel Auction has been published on the auction page on the website of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP by its Portuguese acronym), the regulator announced 7 October 2020 in an official statement. RELATED STORY: ...
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(Energy Analytics Institute, 7.Oct.2020) — Pursuant to the regulations of the National Securities Commission or the Comisión Nacional de Valores and the terms of Article 73 of Law No. 26,831, Argentina’s state oil company YPF SA released its audit committee report, which is available to shareholders at the registered office ...
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(Energy Analytics Institute, 7.Oct.2020) — Venezuela’s National Assembly has submitted proposed changes to the country’s Organic Hydrocarbons Law, which it views as fundamental legislation and extremely important in any recovery of the hydrocarbon industry and economy, according to documents seen by Energy Analytics Institute. Proposed changes to the law are ...
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(Beat, 6.Oct.2020) — An electric fleet for all passengers that sets their hearts on an experience that transcends the limits of simply moving from point A to point B. Beat, the fastest growing ride-hailing app in Latin America, is very excited to announce today the launch of Beat Tesla service, ...
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(Energy Analytics Institute, 6.Oct.2020) — Ecuador’s Minister of Energy and Non-Renewable Natural Resources René Ortiz commissioned César Vásquez as the country’s Deputy Minister of Mines. Vásquez is a mining engineer from the Central University of Ecuador and has more than 12 years of experience in the country's mining and electricity ...
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(Petrobras, 6.Oct.2020) — Petrobras will release its quarterly production and sales report on 20 October 2020 and its financial performance report on 28 October, after the markets close. On 29 October two webcasts will be held, the first in Portuguese and the second in English, to present the company's 3Q20 ...
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(Argus, 6.Oct.2020) — Venezuelan state-owned PdV is focusing on repairs to its 940,000 b/d CRP refining complex to address a severe gasoline shortage that has been temporarily alleviated by Iranian imports. The 305,000 b/d Cardon refinery, which together with the nearby 635,000 b/d Amuay refinery makes up the CRP, is ...
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(Platts, 6.Oct.2020) — The first fracking in Colombia could come by the end of 2021, after companies obtain necessary environmental permits, energy minister Diego Mesa said Oct. 6 The Colombian government expects to sign the first contracts for pilot projects in November and December and complete environmental impact assessments in ...
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(BHP, 6.Oct.2020) — BHP signed a Membership Interest Purchase and Sale Agreement with Hess Corporation (Hess) to acquire an additional 28% working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico. Shenzi is structured as a joint ownership: BHP (Operator, 44% interest); Hess (28% interest) and Repsol ...
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(OAS, 5.Oct.2020) — The Organization of American States (OAS) and the Plurinational State of Bolivia today signed the agreement on privileges and immunities for the OAS electoral mission that will observe the general elections on October 18. The Permanent Representative of Bolivia to the OAS, Jaime Aparicio, said that his ...
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(Platts, 5.Oct.2020) — Mexico announced on Oct. 5 a set of infrastructure projects worth almost $14 billion to reactivate the economy, including a new coker for one of its six refineries as well as a liquefaction plant to export natural gas. The federal government and private industry will begin working ...
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(Reuters, 5.Oct.2020) — Mexico's government and business leaders on Monday presented a series of planned investments worth over 297 billion pesos ($13.83 billion) which President Andres Manuel Lopez Obrador hopes will help to lift the country's misfiring economy. Ranging from highways, to a train line connecting Mexico City with the ...
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(Energy Analytics Institute, 5.Oct.2020) — The third and final Iranian tanker, part of a three-tanker flotilla, docked in Venezuela over the weekend with much needed gasoline supplies for the struggling OPEC country. The three Iranian-flagged tankers – Faxon, Forest and Fortune – are estimated to have transported around 250,000 bbls ...
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(Hess, 5.Oct.2020) — Hess entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505mn, subject to customary adjustments, with an effective date of 1 July 2020. The field ...
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(Energy Analytics Institute, 5.Oct.2020) — Guyana’s Ministry of Natural Resources released flaring highlights related to the country’s petroleum production licenses. __________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved ...
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(Energy Analytics Institute, 5.Oct.2020) — Venezuela plans to initiate activities at 1,571 petrol stations across the country starting 5 October 2020 as part of a plan to normalize fuel distribution and marketing. All petrol stations must be active and able to supply fuel including stations with international prices, announced state ...
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(Energy Analytics Institute, 5.Oct.2020) — Major differences in the licenses for the Liza Phase 1 and Payara developments offshore Guyana in the Stabroek Block as provided by Guyana’s Ministry of Natural Resources and summarized here within. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest ...
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(Energy Analytics Institute, 4.Oct.2020) — Bolivia’s interim president Jeanine Añez expressed her commitment to enforce the popular will expressed in the results of the general elections on 18 October 2020. “We have been committed from the beginning and we want to tell the entire population we’re going to enforce the ...
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(Reuters, 4.Oct.2020) — Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said. The strike will cut Norway’s total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total ...
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(Energy Analytics Institute, 3.Oct.2020) — Argentina’s Neuquén Ministry of Energy data reveal 11 drilling rigs have been reactivated in the province, and all targeting the Vaca Muerta formation. Of the 11: three were recently incorporated by YPF, two by Shell, which was the first company to return, two by Pan ...
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(DPI, 3.Oct.2020) — The new licence issued to Esso Exploration and Production Guyana Limited (EEPGL) for the development of its Payara well features significant new clauses missing from the Liza 1 well licence issued by the APNU+AFC. Vice President Dr. Bharrat Jadgeo on Friday said there were major improvements to ...
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(Energy Analytics Institute, 2.Oct.2020) — A natural gas-to-power project is expected to start in 2021 to produce reliable electricity for Guyanese citizens, the country’s Natural Resources Minister Vickram Bharrat said 2 October 2020 during The Madrid Energy Virtual Conference. The gas will come from the offshore Stabroek Block, which is ...
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(Petrobras, 2.Oct.2020) — Petrobras, following up on the release disclosed on 4 February 2020, informs that its indirect controlled company, Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), signed with DISA Corporación Petrolífera S.A. (Disa), a contract for the sale of its entire stake in Petrobras Uruguay Distribuición S.A. (PUDSA), in ...
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(bpTT, 2.Oct.2020) — bp Trinidad and Tobago LLC (bpTT) announced the safe start-up of the Galeota expansion project (GEP). The project has been under construction since late 2016 and was started up on 28 September 2020. Its completion is a major milestone for bpTT. The Galeota Terminal is core to ...
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(Energy Analytics Institute, 2.Oct.2020) — The Incahuasi natural gas plant restarted hydrocarbon production on 1 October 2020, after halting operations a day earlier due to forest fires approaching from nearby communities. Natural gas deliveries have gradually recommenced, state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) announced 2 October in an ...
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(Energy Analytics Institute, 2.Oct.2020) — Enel Green Power Chile (EGP), a subsidiary of Enel Chile, together with AME and possible partners such as Enap, Siemens Energy and Porsche, will develop installations for a pilot plant that will produce green hydrogen through an electrolyzer powered by wind energy in Cabo Negro ...
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(Energy Analytics Institute, 2.Oct.2020) — Oil unions in Argentina reached an agreement with state oil and gas entity YPF SA for a salary increase of 16.2% over basic salaries as of March 2019 and which will be "non-remunerative" and payable from 1 September 2020. YPF will also pay two "fixed ...
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(Petrobras, 2.Oct.2020) — Petrobras, following up on the release disclosed on 14 January 2019, informs that the Federal Supreme Court judged, by majority of votes, dismissing the direct action of unconstitutionality (ADI 5942/DF) that questioned the Decree 9,355/2018, edited to regulate the special procedure for assignment of rights to exploration, ...
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(Marathon, 1.Oct.2020) — Marathon Oil Corporation reported an update highlighting the reinstatement of a base dividend, recent debt reduction initiatives, and a transparent framework for future capital allocation and uses of free cash flow intended to maximize long-term shareholder value. Highlights -- Reinstated quarterly base dividend at 3 cents per ...
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(The Carlyle Group, 1.Oct.2020) — Occidental signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for total consideration of approximately $825mn, with $700mn up front and the remainder payable subject to certain production and commodity price targets. The transaction, which is expected to close in ...
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(Reuters, 1.Oct.2020) — Venezuelan President Nicolas Maduro has drafted legislation to grant his government expanded powers to confidentially sign new oil deals with private firms and foreign nations as a way of getting around U.S. sanctions, according to the proposal and people familiar with the initiative. Maduro delivered the "anti-blockade" ...
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(Reuters, 1.Oct.2020) — Reliance Industries has agreed to purchase 2 million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The deal, large for Canada, shows how global buyers are scrambling for new sources of heavy oil. Venezuela’s production has collapsed ...
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(Petrobras, 1.Oct.2020) — Petrobras informs the plenary composition of the Supreme Federal Court (STF), by majority vote, denied the preliminary injunction request formulated by the Federal Senate and Congress committees regarding the Complaint 42576 to suspend the processes of divestment in refining and their respective logistic assets. Therefore, the company ...
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(Petrobras, 1.Oct.2020) — Petrobras’ Board of Directors approved the adhesion to the ICMS debt and interest penalty reduction programs (Amnesties), according to the CONFAZ regulations ICMS 146/2019 and 51/2020, instituted by the states Espírito Santo and Rio de Janeiro, respectively. The total amount of contingencies to be closed in the ...
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(Energy Analytics Institute, 1.Oct.2020) — The recently sanctioned Payara development located offshore Guyana in the Stabroek Block will demand a hefty $9bn development cost due to requiring more drill centers and wells than the Liza Phase 2 development, which implies lower per well productivity. ExxonMobil, operator of the Stabroek Block, ...
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(Sempra 1.Oct.2020) — Sempra Energy's Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its third-quarter 2020 earnings by 6 p.m. ET, 21 October, in advance of a conference call with IEnova executives at 11 a.m. ET, 22 October. Briefing materials also will be posted by 6 ...
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(Exxon, 30.Sep.2020) — ExxonMobil made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using ...
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(Hess, 30.Sep.2020) — Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana. Payara is the third oil development on the Stabroek Block; gross production capacity from the three developments is expected to ...
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(Bronstein, Gewirtz & Grossman, LLC, 30.Sep.2020) — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Golar LNG Limited and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Golar securities between 30 April and 24 September 2020, both ...
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(Petrobras, 30.Sep.2020) — Petrobras together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the offshore routes in the pre-salt Santos Basin, will announce contracts for sharing the natural gas pipeline and processing plants. Today, a virtual event will be held with the presence of Petrobras’ CEO, Roberto ...
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(Energy Analytics Institute, 30.Sep.2020) — Brazil’s combined production of crude oil and natural gas reached 3.927 million barrels of equivalent oil per day (MMboe/d) in August 2020, according to details provided by oil sector regulator National Agency of Petroleum, Natural Gas and Biofuels (ANP). Oil production reached 3.087 million barrels ...
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(Energy Analytics Institute, 30.Sep.2020) — If Argentina is unable to boost its natural gas production, piped gas imports from Bolivia as well as liquefied natural gas (LNG) imports injected from Escobar may not be sufficient to cover demand in the domestic market. As such, Argentina could be forced to opt ...
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(Petrobras, 29.Sep.2020) — Petrobras, in response to Official Letter 7132/2020/CGAA4/SGA1/SG/CADE, dated 29 September 2020, and further to the notice disclosed on 3 August about the lease of the LNG Regasification Terminal in Bahia (TR-BA) and associated facilities, hereby declares its commitment to waive all the capacity of the São Sebastião ...
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(Energy Analytics Institute, 29.Sep.2020) — Chile’s state oil and gas entity ENAP plans to start up a wind park located in Cabo Negro, the company announced 29 September 2020 via its Twitter feed, without providing details. __________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved ...
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(Citgo, 29.Sep.2020) — Citgo Petroleum chairwoman Luisa Palacios says she’ll step down from her position next month. Her letter follows: Dear CITGO community, When I agreed to assume the role of Chairwoman of CITGO in early 2019, the situation required us to focus our attention on three critical goals: to ...
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(Petrobras, 28.Sep.2020) — Petrobras announced accumulated production of the Tupi field, located in the pre-salt of the Santos Basin, approximately 230 km from the coast of the state of Rio de Janeiro, reached 2 billion barrels of oil equivalent (boe), according to the Brazilian National Agency of Petroleum, Natural Gas ...
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(Petrobras, 28.Sep.2020) — Petrobras, following up on the release disclosed on 24 June 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related ...
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(Petrobras, 28.Sep.2020) — Petrobras, following up on the releases disclosed on 25 August 2020, 27 July and 20 March, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated in US dollars, in the amount of $2bn. With this prepayment, the company currently ...
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(Argus, 28.Sep.2020) — Colombia's oil industry is slowly shaking off the double market blows of 2020 while it prepares to debut unconventional pilot projects. Oil chamber executive president Francisco Lloreda reflects on the upcoming challenges with senior contributing editor Patricia Garip. Edited highlights follow: How is Colombia's oil industry recovering ...
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(Reuters, 28.Sep.2020) — Brazilian oil producer Petroleo Brasileiro SA said it will review liquefied natural gas (LNG) company Golar Power's participation in an ongoing tender to lease an import terminal of the super-chilled natural gas in Bahia state. Petrobras, as the Rio de Janeiro-based company is known, said in a ...
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