Editores LatinPetroleum

Petrobras on Payment of Remuneration to Shareholders

(Petrobras, 19.May.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023 and 04/24/2023 and Notice to the Market of 05/15/2023, informs that today it has paid 1st installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by […]

Petrobras on Answer to Letter from the Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras answered, on today’s date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy (MME), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras understands that it […]

DOE Announces $187mn to Accelerate Transportation Sector Electrification

(US DOE, 19.May.2023) — The U.S. Department of Energy (DOE) announced a new $99.5mn funding opportunity in addition to the selection of 45 projects totaling $87mn to advance production of next-generation electric vehicle (EV) technologies, train the future electrified transportation workforce, and ensure the equitable deployment of clean mobility options […]

Petrobras on Potiguar Cluster

(Petrobras, 19.May.2023) — Petrobras informs that on today’s date IBAMA issued the operational license for the Ubarana, Ubarana Oeste and Cioba fields, in the Potiguar basin, which are part of the Potiguar Cluster, in favor of 3R Potiguar S.A. The license was a precedent condition for the closing of the […]

Petrobras on Letter from Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy (MME) requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources (IBAMA), […]

Petrobras on Human Rights, Corporate Citizenship

(Petrobras, 19.May.2023) — Petrobras published the first edition of the Human Rights and Corporate Citizenship Supplement for the year 2022. The supplement presents the company’s indicators, goals, and actions related to human rights and corporate citizenship. The document provides annual accountability and reinforces the commitments made by the company: UN […]

Petrobras on Braskem

(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]

Intel Dives into the Future of Cooling

(Intel, 19.May.2023) — Extending Moore’s Law means putting more transistors on an integrated circuit and, increasingly, adding more cores. Doing so improves performance but requires more energy. Over the past decade, Intel estimates it has saved 1,000 terawatt hours of electricity through the improvements its engineers have made to processors. These […]

PGS Secures Barents Sea Contract

(PGS, 19.May.2023) — PGS has executed the final contract* with an independent energy company for a 3D survey in the Barents Sea to be acquired by the Ramform Hyperion. The project is about to start and duration is approximately 40 days. PGS announces contract awards and MultiClient projects as stock […]

Petrobras on Environmental Licensing Process

(Petrobras, 18.May.2023) — Petrobras has received news about IBAMA’s rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for […]

Golden Arrow Expands Program at San Pietro Iron-Copper-Gold-Cobalt Project, Chile

(Golden Arrow, 18.May.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has increased the size of its first diamond drilling program at the Company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile from 2,650-metre in 7 holes, to approximately 3,500 metres in 10 holes. Drilling is now anticipated to be completed by the end […]

Aediles Supports BlackRock with Chilean Solar Energy Purchase

(Aediles Capital Inc., 18.May.2023) — AEDILES supported BlackRock GRP III in the closing of the acquisition of 97MWp of Distributed Solar Energy Projects in Chile, which was developed by RRG Capital Management (“RRGCM”) in collaboration with local partners. “We look forward to continuing to provide top tier asset management for this […]

Norfolk Southern Launches Rail Emissions Report [Video]

(Norfolk Southern, 18.May.2023) — Norfolk Southern Corporation (NYSE: NSC) Thursday launched a tailored Rail Emissions Report tool for customers. The Rail Emissions Report provides customers with comprehensive data on the positive environmental impact of shipping by rail, including total carbon dioxide emissions, fuel consumption, and train miles traveled. Mode of transportation […]

Port of Corpus Christi CEO Announces Departure

(Port of Corpus Christi, 17.May.2023) — Port of Corpus Christi Commissioners Tuesday accepted the resignation of Chief Executive Officer Sean Strawbridge, effective 2 June. Strawbridge will continue to serve as CEO until that time. An interim chief executive, as well as plans to identify a new CEO, will be announced […]

Petrobras on Product Price Adjustments

(Petrobras, 17.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

North American Gas Market to Expand by 25% Over Next Decade: WoodMac

(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie. “LNG export growth will drive the market for many […]

Petrobras on Results of Santos Basin Exploratory Well

(Petrobras, 17.May.2023) — Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 km from the city of Santos-SP, at a water depth of 1,979 meters. The well is in progress and the oil-bearing interval was […]

Exxon: Over $400mn Spent Locally in Guyana in 2022

(Exxon, 16.May.2023) — ExxonMobil Guyana and its reporting contractors have spent more than GUY$83bn (US$400mn) with more than 1,500 Guyanese businesses in 2022 alone. That is part of the more than GUY$180bn (US$900mn) spent with locals since the first discovery in 2015. By the end of 2022, the company and […]

Osaka Gas USA Buys Interest in Texas PV Project

(Osaka Gas, 16.May.2023) — Osaka Gas USA Corporation (OGUSA), a wholly owned subsidiary of Osaka Gas Co., Ltd. has entered into an agreement with EE North America, LLC, a wholly owned subsidiary of European Energy A/S, to acquire a 350MW, utility-scale solar project in Texas. This mid-stage solar farm will have a […]

QatarEnergy Awards EPC Contract for North Field South Project

(QatarEnergy, 16.May.2023) — QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). NFS, together with the North Field East (NFE) project, will increase […]

Exmar on Dividend [PDF Download]

(Exmar, 16.May.2023) — Today 16 May 2023, the General Meeting of Shareholders approved a gross dividend of EUR 1.00 (EUR 0.70 net per share), as proposed by the Board of Directors. The net dividend will be payable on 24 May 2023 to the holders of registered shares and to the […]

Technip Energies Awarded LNG Deal for the North Field South Project

(Technip Energies, 16.May.2023) — Technip Energies (Paris:TE) (ISIN:NL0014559478) announced that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major (1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS). This award will cover the […]

Cheniere and KOSPO Ink Long-Term LNG Sale and Purchase Agreement

(Cheniere, 16.May.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing International LLP, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Korea Southern Power Co. Ltd (KOSPO). Under the SPA, KOSPO has agreed to purchase approximately 0.4 million […]

Petrobras on Commercial Strategy for Diesel and Gasoline

(Petrobras, 16.May.2023) — Petrobras informs that its Executive Board approved yesterday, 15 May 2023, the commercial strategy to define Petrobras’ diesel and gasoline prices, replacing the pricing policy for gasoline and diesel commercialized by its refineries. The commercial strategy uses market references such as: (a) the customer’s alternative cost, as […]

Petrobras on Dividend Payment

(Petrobras, 15.May.2023) — Petróleo Brasileiro S.A. or Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay, on Friday, 05/19/2023, the first installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to […]

TotalEnergies Launches Largest Battery Storage Project in Europe

(TotalEnergies, 15.May.2023) — TotalEnergies has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. A First Flagship Energy Storage Project in Belgium After commissioning […]

TotalEnergies Boost Inks PSCs for Suriname Offshore Blocks 6 and 8

(TotalEnergies, 15.May.2023) — TotalEnergies and its partners, have signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks […]

Petrobras on Price Policy

(Petrobras, 14.May.2023) — Petrobras clarifies that it is discussing internally changes in its pricing policies for diesel and gasoline, which will be analyzed by the company’s executive board early this week and may result in a new commercial strategy to define diesel and gasoline prices. In this sense, the company […]

Touchstone Reports Higher 1Q:23 Production Compared to 1Q:22 [PDF Download]

(Touchstone, 12.May.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) produced qtrly avg volumes of 2,139 boe/d in the 1Q:23, up 53% relative to the 1,396 boe/d produced in the 1Q:22, but down 4% compared to the 4Q:22, the co. announced 12 May 2023 in an official stmt. ____________________

YPF’s Production Averaged 511 Mboe/d in the 1Q:23 [PDF Downloads]

(YPF, 12.May.2023) — YPF SA announced the its combined production averaged 511,000 boe/d in the first quarter of 2023. ____________________

PGS Enters Carbon Storage Acquisition Contract

(PGS, 11.May.2023) — PGS has entered into a seismic acquisition contract* for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month. “In 2022 we established a strong position in the carbon storage geo-services market, and successfully completed four carbon […]

Aris Mining Announces Results of Special Meeting

(Aris Mining, 11.May.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) reports voting results from its annual general and special meeting of shareholders held earlier today. AGM Voting Results Shareholders holding 66,380,109 shares or 48.72% of the outstanding shares of the company were represented by proxy at the meeting. The voting results […]

Ecopetrol Gets Approval for Credit for up to $400mn

(Ecopetrol, 11.May.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, by means of Resolution 1114 of 10 May 2023, the Ministry of Finance and Public Credit authorized the execution of a credit agreement for up to $400mn, as part of its comprehensive debt management strategy. The loan will be subscribed with Banco […]

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ICIS launches Energy Foresight

(ICIS, 11.May.2023) — ICIS, a global source of Independent Commodity Intelligence Services, launches Energy Foresight, an integrated platform which provides one single view and understanding of gas, power and carbon markets in Europe. The launch will come in two parts, with power and carbon capabilities accessible as of today and gas to launch […]

Citgo Reports First Quarter 2023 Results

(Citgo, 10.May.2023) — Citgo Petroleum Corporation reported its 2023 first quarter financial and operational results. Favorable refining margins and product yields combined with strong asset reliability contributed to first quarter net income of $937mn and EBITDA of $1.4bn, compared with net income of $806mn and EBITDA of $1.2bn for the fourth quarter of 2022. Highlights: […]

Pampa Energía Reveals First Quarter 2023 Results

(Pampa Energía, 10.May.2023) — Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the quarter ended on 31 March 2023. Pampa’s financial information adopts US$ as functional currency, expressed in AR$ at transactional nominal exchange rate (‘FX’). […]

Petrobras on Contracting for Block BM-C-33

(Petrobras, 10.May.2023) — Petrobras, following up on the release disclosed on 05/08/2023, informs that Equinor, on behalf of the consortium formed to develop block BM-C-33, has signed the contracts with MODEC Inc. for the supply of the production platform and TechnipFMC for the Submarine Systems. The platform to be built […]

Petrobras on Product Price Adjustments

(Petrobras, 10.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

Occidental Announces 1Q:23 Results

(Oxy, 9.May.2023) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the first quarter of 2023 of $983mn, or $1.00 per diluted share, and adjusted income attributable to common stockholders of $1.1bn, or $1.09 per diluted share. Highlights: Strong operational performance drove cash flow from operations of $2.9bn […]

Petrobras Says Not Conducting Transactions in Private Market

(Petrobras, 9.May.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that it is not conducting any sales transaction structuring in the private market and that it does not take part in the negotiations mentioned in the articles published in the media. Additionally, is not […]

Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]

(Saudi Aramco, 9.May.2023) — Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility. Aramco believes it is well positioned to withstand fluctuating commodity prices through its low-cost upstream production and strategically integrated downstream operations, and continued to deliver robust […]

Chile Signs Oil Import Deal with YPF

(Reuters, 8.May.2023) — Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF (YPFD.BA) to import crude through the Trasandino pipeline, a key step for both countries’ trade. The Trasadino pipeline, known as OTA-OTC or OTASA, connects the huge Vaca […]

Staatsolie Inks PSCs with TotalEnergies and QatarEnergy

(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname N.V. and TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday 8 May 2023. Staatsolie’s task is to promote and contract the offshore areas after its own analyses. In 2021, the Shallow Offshore Bid Round 2020-2021 was […]

AGM Approves Staatsolie’s 2022 Financial Statements [PDF Download]

(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname NV, together with its subsidiaries, realized a turnover of US$ 840 million in 2022. Subsequently, the contribution to the state treasury is US$ 320 million. The General Meeting of Shareholders (AGM) approved the 2022 financial statements on Monday 8 May 2023. The realized 2022 […]

MODEC’s Uaru FPSO Proceeds to EPCI Phase

(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the Uaru project by ExxonMobil Guyana and its co-venturers on 27 April 2023. Uaru is a significant addition to MODEC’s portfolio and it covers […]

Petrobras on Development of Block BM-C-33

(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]

Petrobras on the Start-up of FPSO Anna Nery

(Petrobras, 8.May.2023) — Petrobras informs that the FPSO Anna Nery started production on 7 May 2023, in Campos Basin, within the project of revitalization of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava, located in the pre-salt of the two fields. The unit is capable […]

AES Outlines Long-Term Strategy for Growth in Renewables & US Utilities

(AES, 8.May.2023) — The AES Corporation (NYSE: AES) outlined its long-term strategy for growth, including substantial growth in renewables and US utilities, and fully exiting coal by year-end 20253. Strategic Highlights Through 2027 — Expect to triple renewables capacity by adding 25 to 30 GW of solar, wind and energy storage — Investing to […]

Equinor and Partners Announce $9bn FID for BM-C-33 in Brazil

(Equinor, 8.May.202) — Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately $9bn. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas […]

GECF Unveils 4th Annual Gas Market Report [PDF Download]

(GECF, 5.Apr.2023) — The Gas Exporting Countries Forum (GECF) announced the launch of the fourth edition of its Annual Gas Market Report (AGMR). The report provides an in-depth analysis of natural gas markets, covering recent developments and providing prospects for 2023-2024. Eng. Mohamed Hamel, Secretary General of the GECF said: […]