NRG DASHBOARD

(Kaieteur News, 14.Aug.2020) — Even though it told the Environmental Protection Agency (EPA) that it would bring an end to flaring today, it appears that American oil giant, ExxonMobil, will be burning gas offshore Guyana for a few more weeks. EPA Head, Dr. Vincent Adams had told this newspaper that ...
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(Kaieteur News, 14.Aug.2020) — Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project within a reasonable timeframe, it will not be rushing the review of the Payara Field Development Plan so as to compromise the integrity of the process. Making this statement ...
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(US Dept. of Justice, 14.Aug.2020) — The Justice Department today announced the successful disruption of a multimillion dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC), a designated foreign terrorist organization, that was bound for Venezuela.  These actions represent the government’s largest-ever seizure of fuel shipments from Iran.  On ...
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(Aljazeera, 14.Aug.2020) — American officials tell AP Trump administration seized cargo of four tankers transporting Iranian fuel to Venezuela. The United States seized the cargo of four tankers for transporting Iranian fuel to Venezuela as it steps up its campaign of maximum pressure against the two heavily sanctioned allies, news ...
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(Kaieteur News, 13.Aug.2020) — Payara will be proof and pave the way. Payara could be the first plank toward petroleum prosperity. That delay pending review is a constructive move. For its part, ExxonMobil is not wasting any time. It has gone on the offensive by delivering the first sorties from ...
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(AP, 13.Aug.2020) — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned allies. Last month, federal prosecutors in Washington filed a civil ...
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(Argus, 12.Aug.2020) — The Brazilian government's plan to sell state-owned pre-salt marketing company PPSA has stalled amid congressional foot-dragging over a change in pre-salt contract terms. Addressing reporters late yesterday, influential economy minister Paulo Guedes confirmed that the delay in selling the firm contributed to the departure of secretary Salim ...
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(Reuters, 12.Aug.2020) — A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world's shipping fleets that legal reforms will help stem rising attacks in the Gulf of Guinea. The three men fined by the court in Port Harcourt, Nigeria's oil hub, on Tuesday ...
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(DPI, 12.Aug.2020) — Minister of Natural Resources, Hon. Vickram Bharrat, this morning visited the Ministry of Natural Resources Annex where he toured the facility and met with staff. Minister Bharrat also sat down with Head of Compliance, Derrick Lawrence where the two discussed the department’s operations. The Minister also met ...
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(Stabroek News, 12.Aug.2020) — In a key oil sector decision, President Irfaan Ali last evening said that his government is lobbying for technical and financial support to have an international expert review Exxon’s Payara project and advise on the way forward. Government, Ali disclosed, has approached Canada for assistance in ...
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(Argus, 12.Aug.2020) — Venezuelan state-owned PdV plans to restart gasoline production in 10-15 days at its 940,000 b/d CRP refining complex after restarting two crude distillation units yesterday, according to PdV officials and an internal operations report seen by Argus. The CRP is currently processing up to 135,000 b/d of ...
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(Argus, 11.Aug.2020) — Nigeria's full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light oil to be exempt from its production cut deal, the West African nation's Agbami has been a bone of contention. The challenge is that nobody ...
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(DPI, 11.Aug.2020) — Solidifying his intention of having a hands-on approach with the Ministry of Natural Resources and its agencies, the Minister of Natural Resources, Hon. Vickram Bharrat, on Tuesday, toured most of the Ministry’s regulatory agencies. This activity served as a direct effort to interact with management and staff, ...
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(Reuters, 11.Aug.2020) — Mexico's president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to achieve the same goals, according to three people familiar with the matter. President Andres Manuel Lopez Obrador on July 22 ...
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(Argus, 11.Aug.2020) — Guyana's new government will decide by the end of August whether to approve ExxonMobil's 220,000 b/d Payara project, natural resources minister Vickram Bharrat said. Payara is ExxonMobil's third development project on the deepwater Stabroek block, but approval was delayed by a five-month political impasse that ended last ...
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(Bloomberg, 9.Aug.2020) — The strategy worked wonders in 2017. It will be more challenging this time around unless the pandemic eases its grip on oil demand. For the second time in three years, Saudi Arabia is slashing the volume of crude it’s sending to America in an attempt to force ...
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(S&P Global Platts, 9.Aug.2020) — The head of Libya's state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the country's key oil export terminals risks a potentially worse disaster than the explosion this week in Beirut, as armed conflict continues around the facilities. Fighting ...
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(Petrobras, 7.Aug.2020) — Petrobras achieved record sales for the S-10 Diesel in the Brazilian market. The Company sold 1.78 million m³, 12.7% higher than the previous record in July 2019, when sales reached 1.58 million m³. The sales record for the S-10 Diesel reflects the rapid commercial actions implemented to ...
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(Petrobras, 7.Aug.2020) — Petrobras’ Executive Board approved the mothballing of the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas, and the deactivation will allow the reduction of operating ...
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(Petrobras, 7.Aug.2020) — Petrobras, following up on the press release disclosed on 26 June 2020, informs the beginning of the binding phase, referring to the sale of its entire stake in a set of seven onshore production concessions (Urucu Cluster), located in the Solimões Basin, in the state of Amazonas ...
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(Petrobras, 7.Aug.2020) — Petrobras, following up on the press release disclosed on 29 June 2020, informs the beginning of the binding phase, referring to the sale of its entire stake in the Tartaruga field, belonging to the SES-107D concession, located in shallow waters of the Sergipe-Alagoas Basin. Potential buyers qualified ...
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(Reuters, 7.Aug.2020) — Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters. The ...
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(Bloomberg, 7.Aug.2020) — Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. President Donald Trump’s push to have a close ally at the helm of the institution. Mexico’s finance ministry announced Friday its support for a postponement ...
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(Total, 6.Aug.2020) — Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy. "As announced on May 20, we have worked closely with HitecVision and its portfolio company NEO Energy to conclude this sale. This sale of assets ...
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(AES, 6.Aug.2020) — The AES Corporation reported financial results for the quarter ended 30 June 2020. Strategic Accomplishments -- During the second quarter, agreed to sell 2.0 GW of capacity, reducing generation from coal by 11 percentage points to 34% of total generation and expect to be below 30% by ...
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(Reuters, 6.Aug.2020) — U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the U.S. refiner and its Venezuelan parent to win business contracts. Jose Luis De Jongh Atencio, 48, was indicted by a federal grand jury last month ...
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(Stabroek News, 6.Aug.2020) — Nineteen ministers were added to the administration of President Irfaan Ali yesterday and among them are some veterans who have served in previous PPP/C’s administrations and also quite a few new faces. There were some notable omissions as well as surprise inclusions when the new individuals ...
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(AES, 6.Aug.2020) — The AES Corporation will host a conference call on Thursday, 6 August 2020 at 9 a.m. Eastern Daylight Time (EDT). Interested parties may listen to the teleconference by dialing 1-888-317-6003 at least ten minutes before the start of the call. International callers should dial +1-412-317-6061. The Conference ...
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(Weatherford, 5.Aug.2020) — Weatherford International plc will host a conference call on Wednesday, 5 August 2020, to discuss the results for the second quarter ending 30 June. The conference call is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Listeners can access the conference call online ...
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(Petrobras, 5.Aug.2020) — Petrobras, following up on the release disclosed on 01/03/2020, signed today with Centro Oeste Óleo e Gás Ltda. an agreement for the sale of its entire stake in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe. The sale value is $37,600, ...
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(Petrobras, 5.Aug.2020) — Petrobras reports platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new monthly production records in July, of 615,000 barrels of oil per day (bpd) and 765,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in ...
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(Ecopetrol, 4.Aug.2020) — Ecopetrol S.A. announced today the Ecopetrol Group's financial results for the second quarter and the first half of 2020 and the update of the Business Plan 2020-2022. Financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. RELATED STORY: Moody's Confirms Ecopetrol's ...
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(Energy Analytics Institute, 4.Aug.2020) — Shell Argentina President Sean Rooney discussed his company’s operations in Argentina amid the Covid-19 pandemic, including commenting on continued and future development of the Vaca Muerta shale formation. __________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved ...
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(Energy Analytics Institute, 4.Aug.2020) — International Monetary Fund Managing Director Kristalina Georgieva sent out a congratulations to President Alberto Fernandez, Minister Martin Guzman and Argentina’s main creditor groups on reaching an agreement in principle on the country’s debt. “A very significant step. Look forward to a successful conclusion in the ...
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(White & Case, 4.Aug.2020) — "We are pleased to have reached an agreement in principle with Argentina for a proposal that will provide the country with the necessary economic relief and sustainable path it needs in the wake of COVID-19, as well as renewed access to the international capital markets ...
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(FMC, 4.Aug.2020) — FMC Corporation reported second quarter 2020 revenue of approximately $1.16 billion, a decrease of 4 percent versus second quarter 2019. Excluding the impact of foreign currencies, organic sales grew 3 percent year over year. On a GAAP basis, the company reported earnings of $1.41 per diluted share ...
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(Petrobras, 4.Aug.2020) — Petrobras, further to the notices to the market dated 22 June 2020 and 21 July 2020, hereby announces that the 1st Business Court, which deals with Conflicts related to Arbitration of São Paulo has extinguished the action for specification of judicial mortgage filed by Caixa de Previdência ...
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(Petrobras, 3.Aug.2020) — Petrobras, following up on the press release disclosed on 3 July 2020, informs the beginning of the non-binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO). Qualified parties for this phase will receive a process letter with detailed information about the aforementioned company, ...
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(Carter Center, 3.Aug.2020) — The Carter Center commends the Guyana Elections Commission and Chairperson Claudette Singh for finalizing the results of the 2020 election. It extends its congratulations to President Irfaan Ali as he assumes Guyana’s highest office and applauds former President David Granger’s statesmanship in recognizing GECOM’s declaration of ...
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(Ecopetrol, 3.Aug.2020) — Ecopetrol S.A. announces rating agency Moody's kept the Company's long-term international rating at Baa3, with stable outlook. Moody's highlighted the Company's strength as a leading firm in Colombia, the benefits of being an integrated company, as well as the adequate liquidity levels required to navigate the current ...
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(Petrobras, 3.Aug.2020) — Petrobras, in accordance with the commitments made through the Agreement signed with the Administrative Council for Economic Defense (CADE), on 8 July 2019, and following up on the release dated 9 December 2019, informs it published today the Bidding Process Call for the leasing of the LNG ...
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(CSI Compressco, 3.Aug.2020) — CSI Compressco LP announced second quarter 2020 results. Net loss for the second quarter ended 30 June 2020 was $24.6 million, inclusive of $15.8 million of non-recurring charges. This compares to a net loss of $13.6 million, in the first quarter of 2020, which included $6.0 ...
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(The Province of Buenos Aires, 3.Aug.2020) — The Province of Buenos Aires announced that it has further extended the expiration of its invitation made to holders of certain eligible bonds listed in the Invitation Memorandum dated 24 April 2020 (as amended and supplemented from time to time, the "Invitation Memorandum") ...
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(Energy Analytics Institute, 3.Aug.2020) — Construction work at the Dos Bocas refinery continues, according to recent details from Mexico Energy Secretariat published on Twitter. La secretaria @rocionahle destacó que la construcción de la refinería en #DosBocas avanza. Esta semana se concluyó con la cimentación profunda de 41 mil metros cúbicos ...
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(Reuters, 3.Aug.2020) — Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions on PDVSA continued limiting sales, according to Refinitiv Eikon and internal data from the state-run company. Washington has ramped up pressure this year on PDVSA’s ...
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(DPI, 2.Aug.2020) — Chairman of the Guyana Elections Commission (GECOM) Justice (ret’d) Claudette Singh moments declared PPP’s presidential candidate Mohammed Irfaan Ali as the next President of Guyana. The announcement came moments after Chief Elections Officer (CEO) Keith Lowenfield submitted his final report using the data generated from the national ...
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(Energy Analytics Institute, 2.Aug.2020) — Guyana’s Election Commission (GECOM) announced 2 August 2020 that Mohamed Irfaan Ali, the leading candidate from the People’s Progressive Party/Civic (PPP/C) had won the country’s president elections which took place on 2 March 2020. Ali beat out incumbent David Granger and his A Partnership for ...
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(The Motley Fool, 1.Aug.2020) — Petrobras’s earnings call for the period ending 30 June 2020. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning ladies and gentlemen. Welcome to Petrobras Webcast with Analysts and Investors about the Second Quarter 2020 Results. We would like to inform ...
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(Forbes, 1.Aug.2020) — Hess Corp. reported more good news from its joint development of Guyana’s Stabroek Block with ExxonMobil and CNOOC on Thursday. The company announced that recently-completed appraisal drilling at the Yellowtail-2 well yielded a surprising result: The identification of two additional high-quality reservoirs. “The Stena Carron rig recently ...
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(YPF, 31.Jul.2020) — YPF S.A. announced today the results as of the Expiration Date (as defined below) with respect to its previously announced exchange offer to exchange any and all of its outstanding US$1,000,000,000 8.500% Senior Notes due 2021 (the "Old Notes") for the applicable amount of 8.500% Senior Amortizing ...
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(Argus, 31.Jul.2020) — The government of Aruba received proposals to refurbish its refinery and develop alternative industries on the brownfield site. RdA, the state-owned asset holder, received 29 proposals out of 57 initial registrations for the first option of refurbishing the 235,000 b/d San Nicolas refinery, which was formerly owned ...
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(Argus, 31.Jul.2020) — Mitsubishi-operated Metanol de Oriente (Metor) in eastern Venezuela has suspended methanol production as a health precaution. The 750,000 t/yr Metor 1 plant will close from today through 15 August, and the 850,000 t/yr Metor 2 plant will close on 4-18 August. Only strictly necessary workers will be ...
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(CNN, 31.Jul.2020) — Two American oil executives held in an overcrowded Venezuelan prison for almost three years have been placed in house arrest, a sign that the embattled government of Nicolas Maduro may be easing its stance toward the detainees. Gustavo Cárdenas and Jorge Toledo were released to house arrest ...
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(DPI, 31.Jul.2020) — The second payment for Guyana’s oil and gas royalties has been deposited in the Natural Resources Fund (NRF) – a total of $774,721,556.68 GY (US$3,698,152.63). Minister of Finance, Winston Jordan on Thursday confirmed that the payments were received on schedule and were deposited in the Federal Reserve ...
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(DPI, 31.Jul.2020) — A webinar focusing on African Cultural Teachings was hosted by the International Decade for People of African Descent Assembly – Guyana (IDPADA-G) last evening. Moderators, Shonetta Lowe and Kayshell Jennings spotlighted the Adinkra Symbols of Ghana with panellist Yaa Anima Mensah of Ghana, the History and Significance ...
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(DPI, 31.Jul.2020) — Oil and gas industry analyst Wood Mackenzie in its recent report stated that compared to other countries with similar circumstances, Guyana’s Stabroek Block fiscal terms ranks well. The website OilNOW reported that the company had benched marked the Stabroek Production Sharing Agreement (PSA) against countries with similar ...
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(Energy Analytics Institute, 31.Jul.2020) — Ecuador’s hydrocarbon ministry head René Ortiz and other authorities from Ecuador’s energy sector held a working meeting 28 July 2020 with the US assistant secretary of state for energy resources, Francis R. Fannon and ambassador Michael Fitzpatrick, during which they analyzed investment prospects and mechanisms ...
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(The Motley Fool, 31.Jul.2020) — ExxonMobil earnings call for the period ending 30 June 2020. Contents: -- Prepared Remarks -- Questions and Answers -- Call Participants Prepared Remarks: Operator Good day, everyone. Welcome to this ExxonMobil Corporation second-quarter 2020 earnings call. Today's conference is being recorded. At this time, I'd ...
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(Petrobras, 31.Jul.2020) — Brazil state oil and gas company Petrobras reported financial and operational results for the second quarter of 2020. The company’s Chief Executive Officer Roberto Castello Branco had this to say before the company’s conference call. Dear Shareholders, I am glad to be able to tell you that ...
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(Chevron, 31.Jul.2020) — Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is the latest in a string of legal victories in Chevron’s global defense against the Ecuadorian judgment—found by U.S. courts to be the product of fraud, ...
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(Chevron, 31.Jul.2020) — Chevron Corporation reported a loss of $8.3 billion ($(4.44) per share - diluted) for second quarter 2020, compared with earnings of $4.3 billion ($2.27 per share - diluted) in second quarter 2019. Included in the current quarter were impairments and other net charges of $1.8 billion primarily ...
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(Reuters 31.Jul.2020) — Brazilian state-run oil firm Petroleo Brasileiro SA expects to conclude unilateral negotiations regarding the sale of its RLAM refinery in northeastern Brazil within "one or two months," Chief Executive Roberto Castello Branco said on Friday. Abu Dhabi's investment fund Mubadala Investment Co is in exclusive negotiations with ...
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(Total, 30.Jul.2020) — Total’s Board of Directors met on 29 July 2020, and declared the distribution of the second 2020 interim dividend at €0.66/share, stable compared to the first 2020 interim dividend. This interim dividend will be paid in cash exclusively, according to the following timetable: __________ ...
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(Total, 30.Jul.2020) — Total announces that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal. The transaction remains subject to approval by the Gabonese authorities ...
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(Algonquin, 30.Jul.2020) — Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation, and Algonquin Power & Utilities Corp. announced an agreement seeking to co-develop renewable power projects that will provide electricity to strategic assets across Chevron's global portfolio. Under the four-year agreement, Chevron plans to generate more than ...
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(AES, 30.Jul.2020) — The AES Corporation has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B's revolutionary Maverick design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same ...
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(Energy Analytics Institute, 30.Jul.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR by its Spanish acronym), through Empresa Eléctrica Regional Centro Sur CA (CentroSur), delivered to the market the second stage of Substation 50 - La Troncal. The second stage of this substation came online in September 2019, ...
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(NGC, 29.Jul.2020) — On July 08th 2020, The National Gas Company of Trinidad and Tobago Limited (NGC) concluded a six-week energy journalism training which saw local and regional journalists tuning in online every Wednesday from June 3rd to July 8th 2020 to learn more about the energy sector. Resource professionals ...
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(Ecopetrol, 29.Jul.2020) — Ecopetrol S.A. announces that on 4 August 2020 before market opens, it will release its financial and operating results for the second quarter 2020, and its 2020-2022 Business Plan Update. On Wednesday, 5 August, Ecopetrol's senior management will host two conference calls to review the results and ...
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(Tullow, 29.Jul.2020) — Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2020. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 9 September ...
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(Apache, 29.Jul.2020) — Apache Corporation (Nasdaq: APA) today announced its financial and operational results for the second-quarter 2020. Key Takeaways -- Announced major discovery at Kwaskwasi today, third consecutive discovery in Block 58 offshore Suriname; -- Submitted appraisal plan for first discovery, Maka, in May; announced second discovery, Sapakara, in ...
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(Apache, 29.Jul.2020) — Apache Corporation and Total S.A. announced a major oil discovery at the Kwaskwasi-1 well drilled offshore Suriname in Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. Kwaskwasi-1 was ...
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(Jamaica Observer, 29.Jul.2020) — The Jamaica Gasoline Retailers Association (JGRA) on Monday last warned a parliamentary committee reviewing the proposed Occupational Safety & Health (OSH) Act, 2017 at Gordon House, to consider a developing trend of “mobile” petrol stations. According to JGRA President Gregory Chung, the association is aware of ...
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(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer ...
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(Reuters, 28.Jul.2020) — Israel’s Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%. Navitas had partnered with U.S. oil firm LLOG and Blackstone’s portfolio company Beacon Offshore Energy in drilling ...
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(Reuters, 28.Jul.2020) — French oil company Total said on Tuesday that, along with its partners BP and ENI, it had made a gas discovery at a well off the coast of Egypt. Total said the discovery had been made at the Bashrush well on the North El Hammad licence, located ...
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(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the train’s propane heat exchangers during ...
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(Argus, 27.Jul.2020) — US firm Sycar plans to build Ecuador's first LNG import terminal, with construction expected to start in 2021. Sycar, in partnership with an unnamed LNG trading firm, intends to install a floating storage and regasification unit (FSRU) to provide regasified LNG to the 130MW Thermo Gas Machala ...
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(Petrobras, 27.Jul.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. The teaser, which includes key information about the opportunity, as well as the eligibility criteria ...
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(Petrobras, 27.Jul.2020) — Petrobras, following up on the press release on 03/20/2020, informs that, as of today, it has made the partial prepayment of its Revolving Credit Lines, in the amount of US$ 3.5 billion. These resources will be available for new withdrawals, if necessary. “The US$ 8 billion withdrawal ...
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(Jamaica Observer, 26.Jul.2020) — Recent electoral events in Guyana and Suriname, which border each other on the north-eastern coast of the South American continent, display a remarkably different approach to democracy that could be the determining factor in catapulting Suriname's development and prosperity well ahead of Guyana's. The two countries ...
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(Reuters, 26.Jul.2020) — A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human rights group said, less than two weeks after a similar incident in the oil-producing but fuel-starved nation. The rights group Provea, citing witnesses, said Carlos ...
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(Reuters, 24.Jul.2020) — Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal. The finance ministry has asked banks for price quotes, ...
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(Petrobras, 24.Jul.2020) — Petrobras’ Executive Board approved the beginning of the contracting processes for three new Floating Production Storage and Offloading (FPSOs) platforms for the Búzios field, in the Santos Basin pre-salt. The three new units are part of the Asset Development Plan, which envisages a total of twelve units ...
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(Frontera, 23.Jul.2020) — Frontera Energy Corporation announces that its second quarter results will be released after market on Thursday, 6 August 2020 followed by a conference call for investors and analysts on Friday, 7 August 2020 at 8:00 a.m. (MST) and 10:00 a.m. (EST/GMT-5). Participants will include Gabriel de Alba, ...
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(Argus, 23.Jul.2020) — The Angolan government has decided to cut the petroleum income tax rate from 50pc to 30pc for domestic companies that successfully bid in the country's upcoming onshore licensing round. The move is designed to encourage domestic firms to participate in the round, which will comprise nine blocks ...
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(Oilprice.com, 23.Jul.2020) — Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean country bet its economic future on oil and became Latin America’s third-largest oil producer. A combination of deteriorating oil production and low reserves, despite promising ...
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(Pioneer, 22.Jul.2020) — Pioneer Energy Service Corp. announced that Wm. Stacy Locke has decided to step down as President, Chief Executive Officer, and as a director of the Company effective 17 July 2020. Mr. Locke has been President and Chief Executive Officer of the Company since December 2003 and has ...
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(Petrobras, 22.Jul.2020) — Petrobras informs that, in a meeting held today, the Annual General Meeting approved dividends to shareholders in the amount of R$ 1.7 billion for common shares (R$ 0.233649 per share) and R$ 2.5 million for preferred shares (R$ 0.000449 per share) outstanding, based on the 2019 annual ...
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(Citgo, 22.Jul.2020) — PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of Jimenez v. Palacios. The boards of these three entities were reconstituted in 2019, after the United States formally recognized Interim President of Venezuela, Juan Guaidó, ...
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(Citgo, 22.Jul.2020) — PDV Holding, Inc., the indirect sole stockholder of Citgo Petroleum Corporation, issued its first-ever annual report detailing financial and operational performance in calendar year 2019. Report highlights included successful debt refinancing, credit ratings upgrades, increased refining capacity and strengthened corporate governance measures. The report was released in ...
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(Fitch Ratings, 22.Jul.2020) — Colombia's sovereign metrics have deteriorated further since its April downgrade to 'BBB-', underpinning the range of downside risks reflected in the country's Negative Rating Outlook, says Fitch Ratings. The growth outlook and debt trajectory are particularly key for the rating, with growth facing significant downside risks ...
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(Oilprice.com, 22.Jul.2020) — After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American country of Guyana has become a hotspot for international oil majors. The deeply impoverished former British colony’s oil potential is being compared to nearby Brazil ...
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(Houston American Energy, 21.Jul.2020) — Houston American Energy Corp. announced the company will effect a 1-for-12.5 reverse stock split of its common stock on 31 July 2020. The company's common stock is expected to begin trading on a split-adjusted basis on the NYSE American exchange at the market open on ...
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(Reuters, 21.Jul.2020) — Algeria expects its oil and gas revenue to fall to $23 billion this year from $33 billion in 2019, energy minister Abdelmadjid Attar told state radio on Tuesday. OPEC member Algeria’s revenues from oil and gas sales were at $60 billion in 2014, before a sharp drop ...
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(Wärtsilä, 21.Jul.2020) — The technology group Wärtsilä has been awarded a contract to deliver a state-of-the-art power plant and energy storage system to the US Virgin Islands Water and Power Authority (WAPA). The plant will be delivered and installed on an engineering, procurement, and construction (EPC) basis. It will be ...
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(World Bank, 21.Jul.2020) — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa. The 3% rise, from 145 billion cubic meters (bcm) in 2018 to ...
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(Petrobras, 21.Jul.2020) — Petrobras informs that it has obtained a favorable and final decision from the Federal Regional Court of the 2nd Region in process that seeks to recover the PIS and COFINS contributions overpaid due to the inclusion of VAT tax (ICMS) in the calculation basis from October 2001 ...
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(NGC, 21.Jul.2020) — The National Gas Company of Trinidad and Tobago Limited (NGC) and BHP announced successful completion of negotiations of a Gas Sales Agreement for the Ruby Field. Ruby is located in Block 3(a), off the east coast of Trinidad, and is expected to be commissioned in the fourth ...
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(Reuters, 20.Jul.2020) — Egypt’s parliament gave President Abdel-Fattah al-Sisi the green light for possible military intervention in Libya by approving the deployment of armed forces abroad to fight “terrorist groups” and “militias”. A sharp military escalation in Libya, where fighters led by eastern commander Khalifa Haftar have been battling the ...
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