(CCG, 7.Jun.2023) — CGG announced that Sercel has confirmed a major sale and the imminent delivery of a 60,000-channel 508 XT land acquisition system and 25 VE464 advanced digital vibrator control sets to a major North African geophysical services provider. The equipment will be deployed on a 3D mega-crew project […]
TotalEnergies Steps up Sustainable Aviation Fuel Production at Grandpuits
(TotalEnergies, 7.Jun.2023) — Ahead of the Paris Air Show held in Le Bourget, TotalEnergies is stepping up production of sustainable aviation fuel (SAF) and low carbon energies of its Grandpuits site. These investments reflect the Company’s ambition to develop low carbon energies and the circular economy, and consist of: The doubling […]
End Reports on Purchase of Treasury Shares
(Eni, 7.Jun.2023) — During the period from 29 May to 2 June 2023, Eni acquired on the Euronext Milan no. 5,786,201 shares, at a weighted average price per share equal to 12.8663 euro, for a total consideration of 74,447,190.76 euro within the authorization to purchase treasury shares approved by the Shareholders’ […]
Perenco and Bloom Energy to Deploy Oxide Fuel Cells
(Bloom Energy, 7.Jun.2023) — Bloom Energy (NYSE:BE) has signed an agreement with Perenco to install 2.5 megawatts (MW) of Bloom’s solid oxide fuel cells at a site in England. Perenco is a leading independent hydrocarbon company, producing 500,000 BOE of oil and gas per day from its operations in 14 partner […]
Power Cuts Hit Venezuela’s West
(Reuters, 7.Jun.2023) — Daily power cuts have returned to west-central Venezuela, shutting air conditioners during a heat wave and hitting factories, households and utilities as poorly maintained thermal plants fail to compensate for weak hydroelectric generation, residents, engineers and analysts said. “It is inhumane that in a city like this they […]
Trinidad to Restart Idled LNG Unit by Early 2027
(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s ownership and negotiate new gas supplies, according to three people with knowledge of the plans. Trinidad is Latin America’s largest LNG exporter, but its joint venture […]
Petrobras on Unigel Discussions
(Petrobras, 6.Jun.2023) — Petrobras has initiated discussions with Unigel Participações S.A. to analyze joint business involving opportunity development in the areas of fertilizers, green hydrogen and low-carbon projects, in line with the revision of the strategic elements for Petrobras’ Strategic Plan 2024-2028 (SP 2024-28), as disclosed to the market on 1 June […]
PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid
(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New York state’s highest court to reject claims that the bonds are invalid. Lawyers for Venezuela’s opposition, which has controlled PDVSA’s U.S. assets including Citgo since 2019 […]
Election to Equinor’s Board of Directors
(Equinor, 6.Jun.2023) — In a meeting on 6 June 2023 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) re-elected all the shareholder-elected members of Equinor ASA’s board of directors. The corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board in addition to re-election […]
QatarEnergy on First Korean LNG Vessel for Fleet Expansion
(QatarEnergy, 3.Jun.2023) — QatarEnergy celebrated the steel cutting of the first of its new generation of chartered liquefied natural gas (LNG) vessels to be constructed in a Korean shipyard. Building upon an already successful global maritime initiative, QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony […]
QatarEnergy Inks PSC for Agua-Marinha Block
(QatarEnergy, 3.Jun.2023) — QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petróleo Brasil Ltda. (PPBL) signed the Production Sharing Contract (PSC) for the Agua-Marinha block which was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round, by Brazil’s National Agency of Petroleum, Natural Gas, […]
New Fortress Gets Export Approval for Altamira Fast LNG
(New Fortress Energy, 2.Jun.2023) — New Fortress Energy Inc. (NASDAQ: NFE) has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (Secretaría de Energía (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through […]
Petrobras Confirms Talks with Apollo and Adnoc
(Petrobras, 1.Jun.2023) — Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras’ position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. […]
Petrobras on Elements of Strategic Plan 2024-2028
(Petrobras, 1.Jun.2023) — Petrobras informs that its Board of Directors approved yesterday the revision of the strategic elements for the 2024-2028 Strategic Plan (2024-28 SP), as well as the low carbon CAPEX driver for the range between 6% and 15% of total CAPEX for the first five years of the new Plan, […]
Nucor Enters Into CCS Agreement with ExxonMobil
(Nucor, 1.Jun.2023) — Nucor Corporation (NYSE: NUE) signed an agreement with ExxonMobil to capture, transport, and store carbon from the company’s direct reduced iron (DRI) plant in Convent, Louisiana. ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned […]
Petrobras on Start-up of Almirante Barroso FPSO
(Petrobras, 31.May.2023) — Petrobras started the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m3 of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently averages 560,000 […]
Petrobras on PSCs with TotalEnergies, QatarEnergy, Petronas and Shell
(Petrobras, 31.May.2023) — Petrobras signed the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras acquired the block […]
EAI’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]
GoGold Intercepts High Grade at Los Ricos South
(GoGold Resources, 31.May.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announced additional drilling results from Los Ricos South, within the Eagle Deposit, including an exceptionally wide, high-grade intercept from hole LRGAG-22-165. The hole intercepted 50.0m of 1,126 g/t silver equivalent (“AgEq”), including 7.8m of 6,334 g/t AgEq which also included a very high-grade interval of 46,822 g/t […]
SOLEK Closes $379mn Financing for PV Projects in Chile
(SOLEK, 31.May.2023) — Solar energy group SOLEK closed a $379mn financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD plants located in the Central Region. The fast-growing company in the renewable and solar energy sector owns a portfolio of approximately 284MWdc in Chile and has more than 400MW of projects in […]
Vaca Muerta Could Produce 1 MMb/d by 2030, Rystad Says
(Rystad Energy, 31.May.2023) — Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling […]
Equinox Says Gas Leak at Melkøya Stopped
(Equinor, 31.May.2023) — The gas leak that occurred at the Hammerfest LNG plant at Melkøya on 31 May has been stopped and normalisation is under way. Equinor’s emergency response organisation has been demobilised and the emergency services have left Melkøya. The leak occurred in connection with a valve in one of […]
Bristow Preferred Bidder for Irish Coast Guard Aviation Service
(Bristow, 30.May.2023) — Bristow Ireland Ltd., a subsidiary of Bristow Group Inc. (NYSE: VTOL), a provider of innovative and sustainable vertical flight solutions, has been announced by the Irish Department of Transport as the preferred bidder for the next Irish Coast Guard (IRCG) search & rescue aviation (SAR) contract. Following the announcement […]
Petrobras on Natural Gas Commercial Portfolio
(Petrobras, 29.May.2023) — Petrobras approved new natural gas sales products and is participating in the competitive public call processes for state distributors with the new commercial portfolio. With the opening of the natural gas market, which already has contracts with more than 14 suppliers, the company has developed a new commercial portfolio […]
bpTT Adds Mango Field Production
(bpTT, 29.May.2023) — bpTT today announces the successful completion of the first phase of its “small pools” drilling campaign which began in October 2022. The campaign includes three wells in the Mango field, one well in the Savonette field and 3 wells in the Angelin field. The first phase of […]
Colombia Needs New Oil Drilling, Former Finance Chief Says
(Bloomberg, 27.May.2023) — Colombia needs new oil exploration after a drop in the nation’s proven reserves as the government seeks to accelerate its energy transition, according to former Finance Minister Jose Antonio Ocampo. The Andean nation had proven crude reserves equivalent to 7.5 years of output as of the end […]
New EVs in Guigang City Enter ASEAN “Blue Ocean” Market
(The Publicity Department of Gangbei District, Guigang Municipality, 26.May.2023) — Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONAL INDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles in Jakarta, Indonesia. Crystal Huang, CEO of PT. DFU INTERNATIONAL INDONESIA, said that driven by the global green […]
Petrobras Not Participating with Previ
(Petrobras, 26.May.2023) — Petrobras, regarding the news published in the media, informs that it is not participating in any coordinated action with Previ or any other institution with the objective of acquiring the shares issued by Vibra Energia and that the reports on the subject are untrue. Petrobras clarifies that eventual actions […]
Venture Global Closing $4.5bn Senior Secured Notes
(Venture Global, 26.May.2023) — Venture Global LNG, Inc. closed its inaugural offering of $4,500mn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 8.125% senior secured notes due 2028 in an aggregate principal amount of $2,250 mn (the “2028 Notes”) and (ii) a series of […]
PGS Data Reveals Untapped Potential in Harstad Basin APA 2023 Blocks
(PGS, 25.May.2023) — PGS has 3D GeoStreamer PSDM data available to assess prospective Western Barents Sea areas in this year’s APA round. The Harstad Basin has a very complex burial history, including subsidence, uplift, and chemical reaction. Using an integrated workflow on the PGS17011NBS dataset, PGS quantitative interpretation experts have […]
Chevron Launches Sale of Congo Oil Assets
(Reuters, 25.May.2023) — Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close to the […]
Talos Energy announces Mexico transaction, including stake in Zama
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 25.May.2023, Words: 337) — Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the company’s 17.4% interest in Zama. Carso […]
Blue Sky Updates on Amarillo Grande Uranium Project, Argentina
(Blue Sky, 24.May.2023) — Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), “Blue Sky” or the “Company”) is pleased to provide an update on exploration and development work carried out at its wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina (“AGP”), which includes the Ivana uranium-vanadium deposit. Ivana Process Design Testwork […]
Argentina Asks Oil Firms to Fund Their Own Imports Amid Forex Shortage
(Reuters, 24.May.2023) — The Argentine government has asked oil companies to finance their own imports for 90 days due to the shortage of foreign currency at the country’s central bank, an official source familiar with the matter said on Wednesday. The request follows a decision from the government to request […]
Petrobras on Licensing in Amapá
(Petrobras, 24.May.2023) — Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The […]
Ecopetrol Reaches Deal for new Collective Bargaining Agreement
(Ecopetrol, 23.May.2023 — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on 22 May 2023, it reached an agreement with the Unión Sindical Obrera (USO) for a new Collective Bargaining Agreement. The new Collective Bargaining Agreement will be retroactively effective from 1 January 2023, and will be valid for a four-year term. […]
ECV on Approval of Vietnamese Power Development Plan VIII (PDP8)
(ECV, 23.May.2023) — Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, applauds the approval of PDP8 by the Vietnamese government led by Prime Minister Pham Minh Chinh. PDP8, developed by the Ministry of Industry and Trade (MOIT), […]
IKM Testing UK Inks Project for Methane Emissions Qualification (MEQ)
(IKM Testing, 23.May.2023) — Independent integrated solutions provider IKM Testing UK has secured a second contract with Bumi Armada to deliver a drone-based methane emissions survey on the Kraken Floating Production Storage and Offloading (FPSO) vessel in the North Sea. The project follows a successful aerial survey in November 2022 […]
Uranium Advances S-K 1300 Assessment
(Uranium Energy, 23.May.2023) — Uranium Energy Corp (NYSE American: UEC) has selected SLR Consulting (Canada) Ltd. and Wood (Canada) Ltd. to conduct an S-K 1300 Initial Assessment Economic Study (“S-K 1300 IAES”) for the Company’s 100% owned Roughrider Project. Additionally, the company has selected Canada North Environmental Services (CanNorth) to conduct […]
CGG Awarded OMV Contract for Multi-Year Dedicated
(CGG, 23.May.2023) — CGG has been awarded a new contract by OMV to continue operating a dedicated center at its head office in Vienna for an initial three-year period. During this time, OMV will continue to benefit from in-house access to CGG’s advanced seismic imaging and reservoir characterization technology, as […]
Johan Sverdrup Produces at Increased Plateau
(Equinor, 23.May.2023) — This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day. This equals six to […]
Tecpetrol Announces Deal to Buy Alpha Lithium Corporation
(Tecpetrol, 22.May.2023) — Tecpetrol Investments S.L., a member of the Techint Group of Companies, has made a non-binding proposal (the “Offer“) to acquire all of the issued and outstanding common shares (“Shares“) of Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha” or the “Company“) a Canadian incorporated, […]
Killing of Indigenous Ecuador Anti-oil Activist Spurs Questions
(Al Jazerra, 22.May.2023) — It was a Sunday in late February, and Eduardo Mendúa was doing what he was famous for: organising against the oil drilling that had transformed his ancestral lands in Ecuador. A member of the Indigenous Cofán people, Mendúa had seen pipelines and wells spring up throughout the […]
![Interoil’s Production Report, April 2023 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/Interoil-Exploration-and-Production-ASA.jpg)
Interoil’s Production Report, April 2023 [PDF Download]
(Interoil, 22.May.2023) — In March 2023, unfortunately Interoil’s average daily operated production decreased by 271 boepd where most of the lost production is related with operational issues in Argentina where the austral winter arrived sooner than expected. Fortunately, Colombia community distress situation was solved, and operations are slowly recovering to its […]
SQM Inks Lithium Supply Deal with Ford Motor Company
(SQM, 22.May.2023) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles. The agreement between Ford and SQM will ensure the supply […]
TotalEnergies Obtains Favorable EIA for 3 GW of Solar Projects
(TotalEnergies, 22.May.2023) — TotalEnergies has obtained from the Spanish authorities (Ministry of Energy Transition and Autonomous Communities) a favorable Environmental Impact Assessment for an estimated 3 GW of installed capacity. Large-scale solar projects throughout the country This favorable result relates to the 48 power plants that TotalEnergies will develop in […]
Equinor on 4Q:22 Dividend
(Equinor, 22.May.2023) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
Equinor puts Trollvind on Hold
(Equinor, 22.May.2023) — Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept. The authorities have been informed about the decision. Equinor […]
Petrobras on Bahia Terra Production
(Petrobras, 22.May.2023) — Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia […]
Chevron Buys PDC Energy in $7.6bn Deal
(Chevron, 22.May.2023) — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3bn, or $72 per share. Based on Chevron’s closing price on May 19, […]