NRG DASHBOARD

(Talos 23.Feb.2020) — Talos Energy Inc. will release fourth quarter and full-year 2019 results for the period ended December 31, 2019 on Wednesday, March 11, 2020 after the U.S. financial market closes. The Company will host an earnings conference call, which will be broadcast live over the internet, on Thursday, ...
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(Touchstone, 20.Feb.2020) — Touchstone Exploration Inc. announces that further to the company's announcement on February 19, 2020 regarding the proposed placing (the "Placing"), the company has placed 22,500,000 new common shares of no par value (the "Placing Shares") with institutional investors in the United Kingdom at a price of 40 ...
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(Argus, 20.Feb.2020) — Venezuela's embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company that channels most Venezuelan crude to market. In his latest national address late yesterday, Venezuelan president Nicolas Maduro issued an energy emergency decree and created ...
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(Reuters, 19.Feb.2020) — Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena Nieto has become embroiled in the investigation of Emilio Lozoya, the former chief executive of Mexico's state oil firm Petróleos ...
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(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country's beleaguered oil industry, which will be led by Vice President for the Economy Tareck El Aissami. The announcement came a day after the United States sanctioned Rosneft Trading, a unit ...
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(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil industry. Economy Vice President Tareck El Aissami will lead the commission, which will focus on boosting ...
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(Noble, 19.Feb.2020) — Noble Corporation plc reported a net loss attributable to the Company for the three months ended December 31, 2019 (fourth quarter) of $33 million, or $0.13 per diluted share, on total revenues of $454 million. Results for the fourth quarter included net favorable items totaling $50 million, ...
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(S&P Global Platts, 18.Feb.2020) — The Trump administration's decision to sanction Rosneft's trading arm Tuesday may be a sign that Chevron's waiver allowing it to continue its work in Venezuela may soon expire, analysts said. The Rosneft sanctions may also bolster the case for the Chevron waiver to be extended ...
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(S&P Global Platts, 18.Feb.2020) — Argentina plans to lift controls on power and natural gas tariffs as soon as June, a senior government official said, in a move seen as key for reviving investment in gas production. "It is not a permanent freeze," Production Minister Matías Kulfas, who oversees energy ...
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(Reuters, 18.Feb.2020) — The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration has said provides a lifeline to President Nicolas Maduro's government. The sanctions announced by the U.S. Treasury Department increase the pressure on Russia, ...
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(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse. Rosneft has been implementing its projects in Venezuela in strict compliance with rules of international and national laws. In the course of the ...
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(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains of Venezuela, to unveil a giant bronze statue of the late socialist leader that he and his longtime friend, Russian President Vladimir Putin, commissioned from ...
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(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the US Gulf Coast, an outcome the Trump administration likely never anticipated when it put sanctions in place over a year ago. The situation has created ...
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(Frontera, 18.Feb.2020) — Frontera Energy Corporation said Fourth quarter and full year 2019 results are expected to be released after market on Thursday, March 5, 2020 followed by a conference call for investors and analysts on Friday, March 6, 2020 at 8:00 a.m. (MST) and 10:00 a.m. (EST/GMT-5). Participants will ...
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(Talos 18.Feb.2020) — Talos Energy Inc. announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously announced acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets", the "Acquisition", or the "Transaction"), on February 28, 2020. The Company expects ...
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(Geronimo 18.Feb.2020) — Geronimo Energy, a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced execution of a Power Purchase Agreement (PPA) for the Wild Springs Solar Project (Wild Springs). Wild Springs is a 128 megawatt (MW) clean solar energy project located in Pennington County, South Dakota, approximately ...
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(FPSO Network, 18.Feb.2020) — Following 2 successful events since 2018, the FPSO Brasil Congress, taking place on 25 – 27 May 2020 is returning to Rio de Janerio. It will continue to be the largest FPSO-dedicated platform for the robust Brazilian market. Organized by the FPSO Network, the Congress will ...
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(Office of the PM of Trinidad and Tobago, 17.Feb.2020) — Prime Minister of the Republic of Trinidad and Tobago, Dr the Hon. Keith Rowley and Prime Minister of Barbados, the Hon. Mia Mottley signed a unitization agreement today (Monday 17 February, 2020) in Bridgetown, Barbados. The agreement will allow for ...
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(S&P Global Platts, 14.Feb.2020) — Venezuela's state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. "The climbing of US sanctions against the Nicolas Maduro government alienated the few clients that were still daring to ...
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(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters. Six vessels, most of them owned by PDVSA’s maritime ...
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(The Globe and Mail, 13.Feb.2020) — In terms of its trademark nationalist approach to its economy – the crown jewel of which has long been the country’s oil industry – Venezuela doesn’t seem like what it used to be. First, in 2019, Venezuelan President Nicolas Maduro – who succeeded Hugo ...
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(Petrobras, 13.Feb.2020) — Petrobras, following up on the release dated 29 January 2020, reports that its request to withdraw from the Corporate Governance Program for State-Owned Companies (Program) was answered by B3 and the company will be withdrawn from the Program as of today, according to the attached document. *** ...
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(WoodMac, 12.Feb.2020) — Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s ...
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(Reuters, 12.Feb.2020) — Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led by energy giant ExxonMobil, the head of the country's Energy Department said on Wednesday. The tanker Cap ...
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(Argus, 11.Feb.2020) — Juan Guaido is finally returning to Caracas today, with a vow to dislodge the “usurper” so he and his team of exiles can Make Venezuela Great Again. “Where’s Guaido?” is a question that often echoes among Venezuelan opponents of President Nicolas Maduro. Young opposition leader Juan Guaido ...
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(Petrobras, 11.Feb.2020) — Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil Participações S.A. (in reorganization), in arbitration proceedings seeking compensation from Petrobras for alleged damages related to their investment in the Sondas Project. Due to the favorable ...
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(Noble, 11.Feb.2020) — Noble Corporation plc and ExxonMobil today announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble's fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble ...
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(Reuters, 10.Feb.2020) — Brazil’s Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said. In a securities filing, Petroleo Brasileiro SA, as ...
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(S&P Global Platts, 10.Feb.2020) — Brazilian state-led oil company Petrobras was cleared by a local labor court judge to hire emergency workers to maintain operations while unionized oil workers remained on the picket line for a 10th consecutive day, the company and unions said Monday. "Petrobras is in the process ...
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(Atlantic LNG, 10.Feb.2020) — Over our years of expansion, between 1999 - 2005, we first tripled the capacity of Train 1 with Trains 2 and 3, and then nearly doubled Train 1’s capacity with the construction of Train 4. The facility’s full capacity is 15 million tonnes per annum (mtpa) ...
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(Argus, 10.Feb.2020) — US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high sulfur fuel oil ahead of International Maritime Organization's revamp of marine fuel sulfur regulations. The trend could ...
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(Reuters, 10.Feb.2020) — Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday. Exxon Mobil and partners Hess Corp and China’s CNOOC ...
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(Office of the PM of Trinidad and Tobago, 7.Feb.2020) — Trinidad and Tobago’s Prime Minister the Honourable Keith Rowley provided details related to the agreement for the development of the Loran-Manatee field that straddles the maritime borders of Trinidad and Tobago and Venezuela. Statement by Dr the Honourable Keith Rowley, ...
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(Petrobras, 7.Feb.2020) — Petrobras has started the opportunity disclosure stage (teaser), regarding the sale of all its equity stake in its Nitrogen Fertilizer Unit III (UFN-III). The teasers, which contain key information about the asset, as well as the eligibility criteria for selection of potential participants, are available on the ...
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(PPGPL, 7.Feb.2020) — Phoenix Park Gas Processors Limited announced its acquisition of a US entity. Effective February 1, 2020, PPGPL through its wholly owned US subsidiary, Phoenix Park Energy Marketing LLC, acquired the NGL marketing assets of Twin Eagle Liquids Marketing LLC. According to President Dominic Rampersad, “Through this acquisition, ...
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(Ecopetrol, 7.Feb.2020) — Ecopetrol S.A. and Shell, through its subsidiary Shell EP Offshore Ventures Limited, signed an agreement whereby Shell will acquire a 50% stake in Fuerte Sur, Purple Angel and COL-5 blocks, located in the Colombian Caribbean deep-water, where a new gas province was discovered including the Kronos (2015), ...
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(Touchstone, 6.Feb.2020) — Touchstone Exploration Inc. announced flowback testing of the first stage of the Cascadura-1ST1 well has been completed, confirming that the well is a significant liquids rich natural gas discovery. Highlights -- Cascadura-1ST1 production testing commenced on February 4, 2020, with the first stage testing the lower most ...
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(Canadian Solar, 6.Feb.2020) — Canadian Solar Inc. announced the acquisition of a 47.5 MWp portfolio of solar projects under development in Chile. These projects will become operational in two different stages, beginning from the fourth quarter of 2020. The projects will be located in the Araucanía and Maule Regions of ...
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(Petrobras, 6.Feb.2020) — Petrobras announced that on February 5, 2020, it priced the global offering by Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) of 734,202,699 common shares, without par value, of Petrobras (“Common Shares”), including 168,140,000 Common Shares in the form of American Depositary Shares, ...
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(Reuters, 6.Feb.2020) — Brazil's President Jair Bolsonaro said he is prepared to eliminate federal fuel taxes if state governors eliminate the "ICMS" state tax on gasoline and diesel. ICMS is a tax on sales and services and applies to the movement of goods, transportation, communication services and other supplies. Earlier ...
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(Reuters, 6.Feb.2020) — Mexico spent more than 25 billion pesos ($1.37 billion) on its 2020 oil hedging program, the country's finance ministry confirmed on Wednesday after financial website Sentido Comun reported the figure. The hedging program, the world's largest, is to insure Mexico's revenues from oil sales against price crashes ...
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(Trinidad Newsday, 6.Feb.2020) — Caribbean banks are well aware of the potential for investing in renewable energy across the region. What is required, however, is a more streamlined approach to policy. The Caribbean is blessed not just with hydrocarbons but also major resources for renewable energy like solar, wind and ...
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(Frontera, 6.Feb.2020) — Frontera Energy Corporation provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint venture with Parex Resources Inc. involving the VIM-1 block. Richard Herbert, Chief Executive Officer of Frontera, commented: "We are excited that the first well with ...
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(Forbes, 5.Feb.2020) — As ExxonMobil kicks off production on the world’s largest emerging oil projects, debate has intensified over the terms of contracts signed between the global oil giant and Guyana, the small impoverished South American nation that owns the offshore crude. Oil contracts are already the central issue in ...
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(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela is how our interests are inherently wrapped up with international politics. Prime Minister Dr Keith Rowley’s confirmation on Monday that US sanctions have had an ...
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(McDermott, 5.Feb.2020) — McDermott International, Inc. has been awarded a large* contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project, offshore Trinidad and Tobago. The Ruby Field resides in the Block 3(a) development area ...
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(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Maduro weather a political crisis as the United States has targeted Caracas with sanctions and, like dozens ...
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(Office of the PM of Trinidad and Tobago, 4.Feb.2020) — The Government will independently develop the natural gas from the Loran-Manatee field on Trinidad and Tobago’s side of the maritime border. Prime Minister Dr the Hon. Keith Rowley made the announcement today (Monday 3rd February 2020) at the 2020 Energy ...
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(Petrobras, 4.Feb.2020) — Petrobras, following up on the press release disclosed on 17 February 2020, informs the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), a subsidiary of Petrobras, in Petrobras Uruguay Distribuición S.A. (PUDSA).  ...
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(Petrobras, 3.Feb.2020) — Petrobras informs that will pay, on Friday 7 February 2020, the third and fourth installments of shareholders remuneration for the 2019 fiscal year, both of those as Interest on Capital (IOC), based on shareholding positions as of 11/11/2019 and 12/26/2019, respectively, following up to the press releases ...
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(Petrobras, 3.Feb.2020) — Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), clarifies that the sale model of the subsidiary is not yet defined. Petrobras, within the scope of its active portfolio management, has already started studies ...
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(Petrobras, 3.Feb.2020) — Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in deepwater in the Campos Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, ...
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(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of United States sanctions on Venezuela's state energy giant Petroleos de Venezuela SA (PDVSA). The Caribbean island nation is a major exporter ...
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(Petrobras, 3.Feb.2020) — Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of part of its equity interest in exploratory blocks, belonging to the BM-PAMA-3 and BM-PAMA-8 concessions, located in the Pará-Maranhão Basin. Petrobras is the operator of the blocks, with 100% stake in ...
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(Ecopetrol, 3.Feb.2020) — Ecopetrol S.A. reports that having completed all legal and accounting analyses regarding the ruling issued by the Supreme Court of Justice dated October 30, 2019, reported by this same means, whereby the company obtained a  51.88% shareholding of INVERCOLSA, this investment will be classified in Ecopetrol S.A's ...
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(Petrobras, 3.Feb.2020) — Petrobras reports that on February 10, after market closes, the company will release its quarterly production and sales report for 4Q19 and on February 19, also after market closes, it will disclose the financial statements report. On February 20, it will be held two conference calls/webcasts to ...
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(Reuters, 31.Jan.2020) — Oil firms Equinor and Shell have signed a preliminary agreement with Argentina state energy firm YPF to acquire an additional 11% participation in the Bandurria Sur region of the vast Vaca Muerte shale field, YPF said on Friday. Vaca Muerta, which covers an area about the size ...
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(Equinor, 31.Jan.2020) — Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province. The consideration for each partner for their 24.5% interest is USD 177.5 million. The block covers around 56,000 gross acres ...
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(Schlumberger, 31.Jan.2020) — Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in Neuquén, Argentina to Shell Argentina S.A. and Equinor. YPF will continue as operator of the block. This divestment covers all of Schlumberger’s interest in the Bandurria Sur shale ...
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(Petroleum Economist, 31.Jan.2020) — Guyanese offshore success in recent years has become almost synonymous with US giant ExxonMobil—the hot streak of oil discoveries achieved in the country’s waters has added 15 major finds to the firm’s roster and c.6bn bl oe in recoverable reserves. Momentum was further buoyed by the ...
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(Petrobras, 31.Jan.2020) — Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eólica Mangue Seco 1 and Eólica Mangue Seco 2, owners of wind power generation plants. The teasers, which contain key information about the assets, as well as ...
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(Petrobras, 31.Jan.2020) — Petrobras, following up on the press release disclosed on 10/24/2019, informs the beginning of the binding phase related to the sale of downstream assets, which includes: Isaac Sabbá Refinery (REMAN) in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) in Ceará, and the Shale Industrialization Unit ...
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(Argus, 30.Jan.2020) — Argentina's government said Thursday it has extended a freeze on diesel and gasoline prices until the end of February, as it tries to reel in one of the highest inflation rates in the world. The freeze had been due to end Friday, but the country's president, Alberto ...
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(Energy Chamber, 30.Jan.2020) — The Trinidad and Tobago Energy Conference is the major annual conference of the energy sector in Trinidad and Tobago. The conference is one of the largest and most respected in the region. In 2020, the theme of the conference will be “Shaping the Caribbean’s Energy Future” ...
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(Schlumberger, 30.Jan.2020) — Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil. The contract scope brings together field development planning, project delivery and total life cycle solutions under an extensive technology ...
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(S&P Global Platts, 30.Jan.2020) — ExxonMobil's growing oil discoveries offshore Guyana are amplifying domestic calls for a review of production-sharing contract terms on the eve of the small South American country's first elections as an oil exporter. Opposition political parties vying to unseat the ruling coalition in 2 March parliamentary ...
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(Petrobras, 29.Jan.2020) — Petrobras discloses that its proved oil, condensate and natural gas reserves according to SEC (US Securities and Exchange Commission) regulation were estimated at 9.590 billion barrels of oil equivalent (boe), as of December 31, 2019, as displayed in Table 1. Changes in proved reserves in billion barrels ...
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(Petrobras, 29.Jan.2020) — Petrobras, further to the press release dated September 19, 2018, announces that the District Court of Rotterdam (the Court) today considered some issues and asked additional questions to the parties regarding the collective action filed by Stichting Petrobras Compensation Foundation (the Foundation) in the Netherlands against Petrobras ...
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(Petrobras, 29.Jan.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria Cláudia Guimarães for the position of member of the company's Board of Directors. This appointment will be submitted to the next General Shareholders' Meeting to be held. Mrs. Maria ...
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(Petrobras, 29.Jan.2020) — Petrobras reports that it has requested today its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras' adhesion to the Program took place on 08/08/2017. After that, the company continued to evolve in the improvement of its governance practices, having adhered to the ...
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(Reuters, 29.Jan.2020) — Mexico’s state oil company Petroleos Mexicanos wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets underway, its top official said on Wednesday. Pemex Chief Executive Officer Octavio Romero told a news conference the company believes most of ...
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(Petrobras, 29.Jan.2020) — Petrobras has requested its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras' adhesion to the Program took place on 08/08/2017. After that, the company continued to evolve in the improvement of its governance practices, having adhered to the special Level 2 Corporate ...
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(Karoon, 28.Jan.2020) — Karoon Energy Ltd announced the Stena Forth Drillship has commenced the drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, Peru. The wholly owned, Karoon subsidiary, KEI (Peru Z‐38) Sucursal del Peru is the operator and has a 40% net interest in Block Z‐38 ...
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(Reuters, 28.Jan.2020) — A group of Venezuelan lawmakers backed by the ruling Socialist Party are exploring ways to increase the participation of private companies in the OPEC nation's oilfields, one of the legislators said in an interview on Tuesday. Lawmakers calling themselves opponents of President Nicolas Maduro on Jan. 5 ...
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(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big international corporations, a move that would forsake decades of state monopoly. Maduro’s representatives have held talks with Russia’s Rosneft PJSC, ...
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(ExxonMobil, 27.Jan.2020) — ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. -- Stabroek Block recoverable resources increased ...
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(Hess, 27.Jan.2020) — Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous ...
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(S&P Global Platts, 27.Jan.2020) — Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan investment in Argentina's biggest shale play, raising concerns of a slowdown in oil and natural gas production growth. Representatives of ...
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(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of the global banking system. PDVSA, which is short for Petroleos ...
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(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest refining complex in the country, according to a technical report seen Monday by S&P Global Platts. Due to multiple failures ...
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(Reuters, 27.Jan.2020) — Investment in Colombia’s oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although production will be effectively flat, increasing just 0.5% compared with the previous year. Investment in the Andean country’s oil and gas industry this year will ...
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(Argus, 27.Jan.2020) — Investment in exploration and production in Colombia will grow by an estimated 23pc to $4.97bn in 2020, but crude production will remain flat at around 890,000 b/d compared with last year, according to an annual industry survey conducted by Colombia's oil chamber (ACP). Exploration investment will climb ...
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(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways to accelerate administrative and operational processes related to the company’s Operational Bare Center (COB) and San Remo. The meetings addressed ways to increase PetroPiar’s oil ...
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(IHSMarkit, 24.Jan2020) — In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil - two countries with large oil reserves - has established itself as an oil producer as of 20 December with the first crude production from Liza (Phase ...
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(Energy Analytics Institute, Piero Stewart, 23.Jan.2020) — An inter-institutional agreement between EP PetroEcuador and the municipalities of Manta, Jaramijó and Montecristi aims to provide a solution to problems related to the La Esperanza aqueduct. Ecuador’s government -- through state oil company PetroEcuador -- and in coordination with the aforementioned municipalities, ...
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(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in an interview. The government is entitled to a portion of ...
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(Oilprice.com, 23.Jan.2020) — Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports, citing the country’s oil regulator, ANP. The daily average stood at 3.106 million bpd, up 7.78 percent on 2018, ANP also said. More than half of the ...
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(Petrobras, 23.Jan.2020) — Petrobras, following up on the release disclosed on 20 December 2019, informs the beginning of the non-binding phase related to the sale of all shares of BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (BSBios) by its wholly-owned subsidiary Petrobras Biocombustíveis S.A. (PBio). Potential buyers qualified ...
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(Petrobras, 22.Jan.2020) — Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two ...
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(Petrobras, 21.Jan.2020) — Petrobras announced the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued an unfavorable decision, by a casting vote, on an administrative tax proceeding which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment of charters contracts in the calendar ...
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(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2020) — During 2019 ENAP’s Magallanes division drilled 35 new wells, most of them in Tierra del Fuego. Based on this drilling program, the company maintaining production of 3 million cubic meters per day (MMcm/d) of natural gas, fulfilling regional supply commitments, ENAP announced in ...
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(President Energy, 20.Jan.2020) — President Energy plc reports on subscription for new ordinary shares by Trafigura, conversion of debt into equity and immediate reduction of debt by $5.95 million and potentially up to $14.8 million. TRANSACTION HIGHLIGHTS: -- The international commodity trader Trafigura has agreed to take a significant stake ...
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(Touchstone, 20.Jan.2020) — Touchstone Exploration Inc. provided an exploration update, highlighted by the first stage of production testing of the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. The Cascadura-1ST1 production test was designed to evaluate a potential oil zone as indicated by ...
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(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign to unseat President Nicolas Maduro. Guaido turned up in Colombia today in the initial leg of his first journey outside Venezuela since an ill-fated February ...
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(Jamaica Observer, 19.Jan.2020) — The Marshall Islands registered crude oil tanker, Yannis P , has arrived here as the country will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana. Production in Guyana commenced on December 20, last year, less than five years after ...
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(Newsday, 19.Jan.2020) — Shell TT has announced a final investment decision (FID) on the development of Block 5C (Barracuda) in the East Coast Marine Area (ECMA). Barracuda is a greenfield (new) gas development and will involve a two-well subsea tie-back to existing infrastructure in the ECMA, helping grow and sustain ...
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(Oilprice.com, 19.Jan.2020) — There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key to controlling everything now lies with the National Assembly, the only body with the power to hand out oil licenses—and Maduro’s recent scheme to retake ...
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(Energy Analytics Institute, Jared Yamin, 19.Jan.2020) — Officials with Mexico's state oil company Petroleos Mexicanos (Pemex) visited three wells: Xikin, Xanab and Tlacame 3. The latter was drilled using the Kukulkán platform, owned by Pemex and operated 100% by Pemex employees. Source: Pemex Source: Pemex Source: Pemex La visita de ...
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(Oilprice.com, 18.Jan.2020) — The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new race for the Dutch-speaking country’s still unallotted license blocks and concurrently boosting the investment potential of Guyana ...
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(SunCoke, 16.Jan.2020) — SunCoke Energy, Inc. plans to release its fourth quarter 2019 financial results and 2020 guidance on Wednesday, January 29, 2020, before trading opens on the New York Stock Exchange. SXC will host its quarterly earnings call at 10:00 am ET on January 29, 2020. The conference call ...
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