NRG DASHBOARD

(Fitch Ratings, 2.Jul.2020) — Fitch Ratings has downgraded Suriname's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'C' from 'CCC'. KEY RATING DRIVERS The downgrade of Suriname's Long-Term Foreign Currency IDR to 'C' reflects Fitch's view that the Government of Suriname has begun a distressed debt exchange (DDE) in relation ...
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(Amazon Watch, 2.Jul.2020) — Now 8 years since the court’s decision, the community will once again demand the Ecuadorian government comply with the ruling that requires the removal of buried explosives in their territory and the guarantee of free prior and informed consultation in accordance with international and national standards ...
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(Galileo Technologies, 2.Jul.2020) — The Agreement was signed yesterday in Sao Paulo and will leverage Golar Power’s natural gas distribution Project, without pipelines, in the interior of Brazil. The project will also tap into new biomethane sources. Golar Power, one of the world’s largest LNG integrated companies, entered into a ...
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(YPF, 2.Jul.2020) — YPF Sociedad Anónima commenced an exchange offer for any and all of its outstanding US$1,000,000,000 aggregate principal amount of 8.500% Senior Notes due 2021 (the "Old Notes") (144A CUSIP / ISIN Nos. 984245 AM2 / US984245AM20 and Reg S CUSIP / ISIN P989MJ BG5 / USP989MJBG51) for ...
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(Reuters, 1.Jul.2020) — A federal court in Houston on Wednesday was expected to auction 100,000 barrels of gasoline that a shipping company suspected a Venezuelan shipping magnate close to the socialist government in Caracas planned to send to the country. The company, Marshall Islands-based Brujo Finance Company, feared the deal ...
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(Argus, 1.Jul.2020) — A cargo of Venezuelan crude has arrived at the 235,000 b/d refinery run by Italy's integrated Eni and Kuwait's state-owned KPC at Milazzo, Sicily. Around 1mn bl is on board the Delta Tolmi waiting to discharge, and will be the first Venezuelan crude at Milazzo since February ...
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(Petrobras, 1.Jul.2020) — Petrobras is supporting the Task Force for Climate-related Financial Disclosures (TCFD), an initiative by the Financial Stability Board of the G20 group, which is comprised by 19 leading global economies and the European Union, with the mission of developing recommendations for the disclosure of financial risks related ...
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(Eni, 1.Jul.2020) — Eni has successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced ...
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(Reuters, 1.Jul.2020) — Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor ...
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(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away from the nation’s waters without loading, according to vessel tracking data. The fall in oil exports has starved the socialist ...
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(Evercore ISI, 30.Jun.2020) — Maersk Drilling announced the 6th-Gen Maersk Developer was awarded a one-well exploration contract from Petronas for offshore Suriname. The $20.4M backlog includes integrated drilling services and mobe & demobe fees, which implies an all-in dayrate of $267kpd for an estimated 75 days. Notes DRLCO COO Morten ...
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(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil's state-controlled oil producer is known, has received at least two offers for the ...
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(Atlas, 30.Jun.2020) — Atlas Renewable Energy, a leading renewable energy company in Latin America along with the American material science multinational company Dow announced the signing of a large-scale solar energy contract in Brazil. The clean energy supply will be through the Jacaranda photovoltaic solar plant, located in Juazeiro, the ...
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(Sempra, 30.Jun.2020) — Sempra Energy completed its business exit from South America, following the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds, subject to post-closing adjustments. The completion of the Chilean transactions concludes Sempra Energy's sales of its South American businesses in ...
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(Reuters, 30.Jun.2020) — Brazil’s oil industry expects a recovery in domestic demand in the next months driven by growing China imports, but the negative effects of COVID-19 are expected to last through the end of 2021, lobbying group IBP said in a note on Tuesday. Consumption could drop by more ...
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(S&P Global Platts, 30.Jun.2020) — Brazil's refineries returned close to pre-pandemic levels in June, despite several incidents at processing units across Latin America's biggest country that led to output volatility during the month, the Mines and Energy Ministry said June 30. State-led oil company Petrobras, which operates 98% of Brazil's ...
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(Oilprice.com, 30.Jun.2020) — Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of offshore Guyana fame - is stepping up offshore activity, and onshore, fellow junior Recon Africa is hoping to be sitting ...
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(Reuters, 29.Jun.2020) — Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totalling 664,000 bpd and 822,000 boed. The oil company said it sold 764,000 cubic meters of diesel ...
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(GlobalData, 29.Jun.2020) — Adrian Lara, Senior Oil & Gas Analyst at GlobalData, commented on announcements from Argentina’s government to implement a new plan for subsidizing oil and gas production in face of the current Covid-19 crisis. “The impact of COVID-19 in Argentina has resulted in lower oil refining inputs and ...
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(Petrobras, 29.Jun.2020) — Petrobras said the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), approved the creation of a Voluntary Severance Program (PDV), exclusive to its employees. The PDV is an important staff management tool, being yet another measure focused on cost reduction, in order to strengthen ...
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(Petrobras, 29.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection ...
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(Petrobras, 29.Jun.2020) — Petrobras reports that the platforms (P74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed) ...
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(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies and as widespread shortages take hold, a notification PDVSA sent to the operators showed. PDVSA has a monopoly over the ...
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(WoodMac, 28.Jun.2020) — Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection today, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that made more of a widespread impact on the US shale sector than Chesapeake. “The tech sector dubs ...
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(Stabroek News, 27.Jun.2020) — Allegations of mass vote fiddling in the former British colony of Guyana may lead to the country’s discredited government being ostracised unless a court hearing next week can resolve a bitter dispute over election results. The political stakes in Guyana have risen massively since May 2015 ...
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(Reuters, 27.Jun.2020) — Leaders of Sudan, Ethiopia and Egypt said they were hopeful that the African Union (AU) could help them broker a deal to end a decade-long dispute over water supplies within two or three weeks. Ethiopia, whose Grand Ethiopian Renaissance Dam (GERD) is worrying its downstream neighbours Egypt ...
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(Petrobras, 26.Jun.2020) — Petrobras announces that, following up to the release disclosed on 25 July 2019, it has received R$ 265 million related to the second installment of the leniency agreement executed by Technip Brasil and Flexibras (companies of the Technip Group). This payment arises from the damages suffered by ...
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(Petrobras, 26.Jun.2020) — Petrobras said its Board of Directors has approved the company's new Code of Ethical Conduct. The document, which unites the Code of Ethics with the Guide to Conduct, follows the best corporate integrity practices and represents another step towards strengthening the company's integrity culture. The unification is ...
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(Stabroek News, 26.Jun.2020) — The Ministry of the Presidency this morning said that nineteen companies have been shortlisted for the marketing of Guyana’s oil from the Liza Destiny FPSO. A statement from the Ministry noted that the Department of Energy had issued an invitation for Expressions of Interest in February ...
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(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on people's movements in densely populated parts of the country, a decision seen as cutting oil demand and production that had ...
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(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter and services deals for the Tango floating export project. "YPF claims that effects of the coronavirus (COVID-19) pandemic both worldwide and in Argentina have hindered ...
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(Energy Analytics Institute, 26.Jun.2020) — Colombia’s president Ivan Duque announced his naming of Diego Mesa as the country’s new Mines and Energy Minister, replacing María Fernanda Suárez, who resigned for personal reasons. Mesa, aged 38, most recently served as Colombia’s Deputy Oil Minister, and holds a master's degree from the ...
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(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a half dozen people familiar with the talks said. The possibility of in-kind compensation comes as U.S. sanctions on PDVSA and ...
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(Scania, 25.Jun.2020) — Scania has started the delivery of 355 Euro 6 buses for Santiago de Chile's public transport system. Deliveries to the operator Express Uno commences in June and will be completed in September. These Euro 6 buses represent a considerable improvement compared to the Euro 5 emissions standard, ...
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(Argus, 25.Jun.2020) — LNG exporter Trinidad and Tobago has reduced the crude and natural gas price assumptions in its national budget. According to the finance ministry's mid-year economic review obtained by Argus, the country's baseline scenario for macroeconomic conditions is now pegged to $45/bl for Brent and $2.90/MMBtu for the ...
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(Total, 25.Jun.2020) — Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the ...
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(Total, 25.Jun.2020) — Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil. With a productive capacity of 150,000 barrels of oil per day, this new unit double the ...
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(Petrobras, 25.Jun.2020) — Petrobras reports that it started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field. The Atapu shared deposit, which comprises the fields Oeste de Atapu, Atapu ...
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(WoodMac, 24.Jun.2020) — According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry. Andrew Pearson, vice president, upstream, said: “This figure captures the impact of Wood Mackenzie’s downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), rather than the ...
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(Reuters, 24.Jun.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets. If the deal for ...
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(Argus, 24.Jun.2020) — Iranian president Hassan Rohani has reiterated Iran's willingness to resume talks with the US, but only if Washington apologises for withdrawing from the 2015 nuclear deal, returns to it and compensates Tehran for the economic damage and losses incurred as a direct result of US sanctions. US ...
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(Reuters, 24.Jun.2020) — Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data. Washington is tightening sanctions to cut Venezuela’s oil exports and ...
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(Sputnik, 24.Jun.2020) — Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging to these entities over their alleged involvement in the oil trade with the South American country. Reuters has quoted unnamed industry sources as saying that ...
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(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s killed thousands and destroyed towns across the country. The lack of basic, nuts-and-bolts servicing has left pipelines corroding and storage tanks collapsing. Remedial work at wells alone could cost ...
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(Energy Analytics Institute, 24.Jun.2020) — The US, under Executive Order 13599, today said it is sanctioning five Iranian ship captains, who delivered approximately 1.5 million barrels of Iranian gasoline and related components to Venezuela in support of the illegitimate Maduro regime. These individuals who headed five Iranian-flagged tankers – Clavel, ...
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(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas market. To maintain low gas prices for end-users, the new administration has imposed a tariff freeze until the end of ...
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(Braskem, 24.Jun.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces the construction completion of its newest, world-class polypropylene production facility located in La Porte, Texas. Braskem's new facility has a designed production capacity of over 450 kilotons (kt) or ...
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(Aker, 24.Jun.2020) — Aker Solutions has been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project in the North Sea. The scope of work covers a complete subsea production system, and associated equipment that includes 15 subsea trees in the first ...
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(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a very good morning to you all. I am once again honoured to be among such a knowledgeable gathering, even if it has to be in ...
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(Petrobras, 24.Jun.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mr. Ruy Flaks Schneider for the position of member of the company's Board of Directors. Mr. Ruy Schneider's appointment will be submitted to Petrobras' 2020 Annual General Meeting, called for July ...
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(Petrobras, 24.Jun.2020) — Petrobras, regarding to the news published in the media, clarifies that the date to receive the binding proposals for the divestment project of the Landulpho Alves refinery (RLAM) in Bahia is tomorrow, 25 June 2020. Facts deemed relevant on the matter and other portfolio management projects of ...
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(Petrobras, 24.Jun.2020) — Petrobras, following up on the release disclosed on December 20, 2019, informs that its Executive Board approved a change in the deadline for certain conditions set forth in the agreement with Sete Brasil to be implemented. Therefore, the effectiveness of the agreement and of the other related ...
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(Reuters, 23.Jun.2020) — Foreign investment in Latin America risks “drying out” due to economic turmoil and fiscal instability sparked by the COVID-19 pandemic, especially if Chinese-led commodity demand remains weak, a former Colombian finance minister said on Tuesday. “There is a risk that markets for the region dry out somewhat, ...
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(Reuters, 23.Jun.2020) — The fiscal fallout of the coronavirus pandemic and low oil prices could affect Colombia for several years, Richard Francis, director of sovereign ratings at ratings agency Fitch, said on Tuesday. Colombia’s government predicts the usually healthy economy will contract 5.5% this year. The country has suspended its ...
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(Reuters, 22.Jun.2020) — Mexico's antitrust regulator said on Monday it had filed a suit at the Supreme Court against the energy ministry, arguing that steps taken by the government last month were in breach of free competition under the constitution. On May 15, the ministry published a set of rules ...
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(JinkoSolar, 22.Jun.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced that it will supply 60.9 MW of bifacial modules for the first industrial hybrid plant in Chile. The hybrid plant will be located about 10 kilometers outside the ...
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(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established democracies laboring towards the well-being of its constituents. In terms of swift decision-making and efficiency, 20th century empirical data would rather tilt towards dictatorships with ...
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(AP, 20.Jun.2020) — Venezuela's socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same time it was secretly paying a close former House colleague $50 million to keep U.S. sanctions at bay, The Associated Press has learned. An official ...
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(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for 95 percent of foreign currency inflow to the country tumbled by almost half this month, after hitting a 73-year low ...
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(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining unit Citgo. Jose Ignacio Hernandez, who held the title of special attorney general in opposition leader Juan Guaido's US-backed exiled ...
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(Petrobras, 19.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Atum, Curimã, Espada and Xaréu fields, maritime production concessions in shallow waters located in the Mundaú sub-basin, in the State of Ceará. The teaser, which includes ...
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(Argus, 18.Jun.2020) — Venezuelan ownership of the country's most valuable overseas asset may rest on opposition leadership convincing a US court that it restored refiner Citgo's independence and remains a US foreign policy priority. Attorneys for Venezuela's US-recognized opposition government argued yesterday that National Assembly leader Juan Guaido halted actions ...
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(Argus, 18.Jun.2020) — ExxonMobil has restored crude production offshore Guyana to 80,000 b/d after correcting a technical glitch, according to the head of the country's environmental agency EPA Vincent Adams. A problem with compression equipment had slashed output at the Liza field by 65pc to 27,500 b/d last week, compared ...
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(Bloomberg, 18.Jun.2020) — The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country. Libre Abordo and its affiliate Schlager Business Group purchased 32 million barrels of crude oil this year to become the biggest ...
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(US Department of Treasury, 18.Jun.2020) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign entities, and identified two vessels as blocked property for their activities in or associated with a network attempting to evade United States sanctions on Venezuela’s ...
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(Reuters, 17.Jun.2020) — Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country’s top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said. Petrobras will try to conclude the offering during the second half of the year, ...
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(Petrobras, 17.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore and shallow water concessions located in the state of Alagoas. The teaser, which includes key information about the opportunity, as well as ...
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(Petrobras, 17.Jun.2020) — Petrobras, regarding to the news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that, according to the press released on 16 January 2020, has been studying a possible additional sale of its stake in BR. However, there is ...
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(Touchstone, 16.Jun.2020) — Touchstone Exploration Inc. announced on 15 June 2020 the conditions precedent were satisfied in respect of its previously announced $20 million, seven-year term loan agreement with Republic Bank Limited. Touchstone withdrew $15 million to satisfy obligations relating to prepaying the company's former C$20 million credit facility. Pursuant ...
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(GECOM, 16.Jun.2020) — After considerable deliberations at the Commission on the report submitted by Chief Election Officer(CEO), Mr. Keith Lowenfield on the National Recount of votes cast in the 2 March, 2020 General and Regional Elections, Chairperson of the Commission, Justice Claudette Singh has requested for the CEO prepare a ...
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(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country’s politics in recent decades, lost last month’s national election, the country’s electoral authority said today after three weeks verifying the vote. Chan Santokhi, a former police commissioner and justice minister of the Progressive Reform ...
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(Reuters, 16.Jun.2020) — Venezuela’s oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude oil, according to documents and data on Tuesday. Shipping firms are avoiding Venezuela after ...
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(Petrobras, 16.Jun.2020) — Petrobras’ Board of Directors approved the date of 22 July 2020 for the Annual General Meeting (AGM) in accordance with the Provisional Measure No. 931/2020 and CVM Decision No. 849/2020. The documents relating to the AGM will be disclosed to the market in due course __________ ...
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(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country's politics in recent decades, lost last month's national election, the country's electoral authority said on Tuesday after three weeks verifying the vote. Chan Santokhi, a former police commissioner and justice minister of the Progressive ...
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(Carter Center, 16.Jun.2020) — The Carter Center commends the Guyana Elections Commission on the completion of the recount process and welcomes the CARICOM report, which indicates that despite minor flaws in the process, the recount results are acceptable and provide the basis for a declaration of results from the March ...
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(Tudor Pickering, 16.Jun.2020) — Reports out last night that XOM was forced to reduce output at its Liza Phase 1 project in the Stabroek block offshore Guyana due to an issue with equipment designed to limit excessive flaring by reinjecting produced gas back into the reservoir. In order to comply ...
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(Reuters, 15.Jun.2020) — Mexican President Andres Manuel Lopez Obrador said on Monday his country would, for “humanitarian” reasons, sell gasoline to Venezuela if asked to do so, despite a raft of U.S. sanctions imposed on the South American country and its state-run oil company, PDVSA. Lopez Obrador added he had ...
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(Touchstone, 15.Jun.2020) — Touchstone Exploration Inc. announced final production test results from the Cascadura-1ST1 well on the Ortoire exploration block. The final test results for both the lower test (6,056 to 6,218 feet) and the upper test (5,570 to 5,915 feet) have been reviewed by the Company's independent reserves evaluator, ...
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(Reuters, 15.Jun.2020) — Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S. President Donald Trump who has sanctions on both nations. Iran has since April sent five tankers totaling about 1.5 million ...
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(Reuters, 15.Jun.2020) — Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said. The finance ministry’s billion-dollar oil hedge is the world’s largest. It ...
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(Energy Analytics Institute, 15.Jun.2020) — Venezuela’s production of crude oil continues in a free fall, reaching 411,900 barrels per day on 15 June 2020, down by 206,800 barrels per day from an average 618,700 barrels per day in May, according to documents seen by Energy Analytics Institute. Average production through ...
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(Bloomberg, 13.Jun.2020) — Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with U.S. sanctions continuing to cripple the country’s exports. Venezuela’s state-run oil company Petroleos de Venezuela SA lowered its production estimates to 374,000 barrels a day as of ...
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(Petrobras, 12.Jun.2020) — Petrobras, following up on the press release disclosed on 13 March 2020 and 4 May 2020, announces the beginning of the binding phase regarding the joint sale, with Wobben Windpower Indústria e Comércio Ltda (Wobben), of all of its shares (51% Wobben and 49% Petrobras) in the ...
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(Petrobras, 12.Jun.2020) — Petrobras, following up on the press release disclosed on 21 May 2020, announces the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO). Qualified parties ...
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(Reuters, 12.Jun.2020) — The United States is investigating a Venezuelan shipping magnate for possibly violating U.S. sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration officials. President Donald Trump’s envoy on Venezuela, Elliott Abrams, said the Treasury Department, which oversees sanctions policy, would determine the course ...
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(Reuters, 12.Jun.2020) — Brazil’s Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signaling adherence to U.S. sanctions on the Latin American nation. The United States this year blacklisted oil tankers ...
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(Reuters, 12.Jun.2020) — Utilization rates at refineries owned by Brazil’s Petrobras are nearing pre-pandemic levels, as lower fuel imports by competitors and resilient international demand for bunker fuel provide a boost, the state-run company told Reuters on Friday. According to public data from last week, refineries owned by Petroleo Brasileiro ...
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(Citgo, 12.Jun.2020) — Citgo Petroleum Corporation reported its first quarter 2020 performance results, including a net loss of $159 million and an adjusted EBITDA1 of $38 million excluding the effect of special items. The onset of the Covid-19 pandemic combined with crude oil demand destruction were drivers behind the company's ...
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(Zacks, 12.Jun.2020) — Petrobras recently grabbed a bargain with a new five-year deal to supply naphtha to Braskem SA’s BAK unit in Bahia and Rio Grande do Sul states. Per the contract, Petrobras will supply at least 650,000 metric tonnes of naphtha annually to Braskem with an additional maximum capacity ...
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(Argus, 11.Jun.2020) — Brazil's state-owned pre-salt marketing firm PPSA took around 17pc of crude from three production-sharing contracts in April, according to monthly data published by the firm for the first time. The company's share of the 56,000 b/d of gross pre-salt production from the Mero, Etorno de Sapinhoa and ...
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(Mirage, 11.Jun.2020) — Mirage Energy Corporation signed an agreement with Energy Agency of the State of Puebla to develop a pipeline infrastructure project to deliver natural gas to the state and various industrial parks with in the state. This includes the delivery of 500 mmbtupd of natural gas thru this ...
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(Reuters, 11.Jun.2020) — An influential Mexican business lobby on Thursday warned a hike in the price that private power producers pay to access the country’s main electricity transmission grid will deal a blow to the green industry and be passed on to the consumer. Mexico’s Energy Regulation Commission, the power ...
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(Bloomberg, 11.Jun.2020) — Venezuela’s fall from oil superpower to failing producer can be illustrated in one image: a single drilling rig working the world’s largest oil reserves. As fields across the nation shut amid a relentless U.S. campaign to cut Venezuela off from global oil markets, the number of rigs ...
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(Energy Analytics Institute, 11.Jun.2020) — Sempra Energy’s board of directors declared a $1.045 per share quarterly dividend on the company's common stock, which is payable 15 July 2020, to common stock shareholders of record at the close of business on 26 June 2020. San Diego-based Sempra, with more than $60bn ...
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(Petrobras, 10.Jun.2020) — Petrobras, following up on the press release disclosed on 13 May 2020, informs the beginning of the non-binding phase regarding the sale of four thermal power plants, three of them located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and ...
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(Petrobras, 10.Jun.2020) — Petrobras, in reference to the press released on 1 June 2020, regarding the sale of a part of its interest in the exploratory blocks belonging to the ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11 and ES-M-743_R11 concessions, located in the Espírito Santo Basin, hereby discloses to the interested parties that ...
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(Petrobras, 10.Jun.2020) — Petrobras signed new long-term contracts for the supply of petrochemical naphtha with Braskem S.A. for the units in the states of Bahia and Rio Grande do Sul. The contracts come into force after the current contract closes in December 2020, and have a term of five years, ...
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(Argus, 10.Jun.2020) — Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face growing risk of US sanctions for transporting cargoes to and from the country. The tankers, which include 13 very large crude carriers (VLCCs), 12 Suezmaxes, ...
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(Petrobras, 10.Jun.2020) — Petrobras filed its 2019 Sustainability Report today. In addition to presenting Petrobras' operational, economic, social, environmental, and governance performance in 2019, the report also includes data regarding the first months of 2020, especially regarding the effects of the Covid-19 pandemic on the company and the oil industry ...
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(Argus, 10.Jun.2020) — The restart of an oil refinery in the US Virgin Islands is poised for another delay because of pandemic restrictions. The refinery was supposed to reopen in July after undergoing a $2bn overhaul by Limetree Bay Ventures, which is owned by US private equity firm Arclight Capital ...
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