Energy Analytics Institute (EAI)

Guyana Shies Away from Overly Rigid Local Content Terms in Oil Bill

(Reuters, 16.Dec.2021) — Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil […]

Petrobras Inks $5bn Revolving Credit Line Deal

(Petrobras, 16.Dec.2021) — Petrobras signed, today, a revolving credit facility (RCF) in the amount of $5bn, maturing in December 2026, with the possibility of being […]

Bristow And Overair Form Partnership to Introduce Zero Emission eVTOL

(Bristow, 16.Dec.2021) — Overair, Inc., developer of electric vertical take-off and landing (eVTOL) vehicles, today announced they signed a Memorandum of Understanding (MOU) with Bristow […]

No Counter-offers in ANH, 30 Contracts to be Signed

(Reuters, 16.Dec.2021) — There were no counter-offers for oil and gas blocs in Colombia’s latest licensing round, but contracts for 30 blocs which received bids […]

Petroperu to Restart 200,000 b/d Oil Pipeline: Official

(Argus, 16.Dec.2021) — State oil company Petroperu has reached an agreement with protesters to end a two-and-a-half month takeover of its 200,000 b/d North Peruvian […]

LatAm Oil Auctions Kick Off After Two-year Lull

(Reuters, 16.Dec.2021) – Latin America’s oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are […]

CGX And Frontera Update On Kawa-1 Exploration Well

(CGX, 16.Dec.2021) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of and joint venture partner of CGX in […]

Petrobras BODs Approves Sale Of Braskem Stake

(Petrobras, 16.Dec.2021) — Petrobras’ Board of Directors approved the model for the sale of up to 100% of the preferred shares it holds in Braskem […]

NRGBriefs: Ecuador Prevents Environmental Damage In Napo Region

(Energy Analytics Institute, 15.Dec.2021) — Energy briefs including Ecuador’s gov’t saying the halting of transport operations along the SOTE due to soil erosion problems prevented […]

Petrobras Carries Out Payment To Shareholders

(Petrobras, 15.Dec.2021) — Petrobras, following up on the releases disclosed on 4 August 2021, 28 September 2021, and 19 November 2021, informs that it is carrying […]

PROVIRIDIS Buys Battery Storage Technology From ADS-TEC Energy

(ADS-TEC Energy GmbH, 14.Dec.2021) — ADS-TEC Energy GmbH announces that PROVIRIDIS bought its battery storage technology for smart multi-energy filling stations in France. The storage systems […]

NRGBriefs: Venezuela’s Oil Minister El Aissami Says He’s Fine

(Energy Analytics Institute, 14.Dec.2021) — Energy briefs including EP PetroEcuador announcing it has sufficient fuel supplies at all its terminals despite transport issues impacting Ecuador’s […]

Canadian Solar Completes Sale Of Photovoltaic Project To VTRM

(Canadian Solar, 14.Dec.2021) — Canadian Solar Inc. (NASDAQ: CSIQ) announced the sale of Canadian Solar’s 635 MWp Jaíba V solar project to VTRM. The Jaíba V […]

Ryder Scott 2020 Audit Reveals Decline In Trinidad and Tobago Gas Reserves

(Trinidad and Tobago Newsday, 14.Dec.2021) — Despite volume increases in multiple fields, the 2020 Ryder Scott audit revealed on Tuesday that there was a decline […]

Petrobras On Mero Production Individualization Agreement

(Petrobras, 13.Dec.2021) — Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held […]

Petrobras Reports Stoppage At Manati Gas Field

(Petrobras, 13.Dec.2021) — Petrobras said that on 10 December 2021 the production of gas from the Manati field, located in the Camamu Basin, in the […]

Ecuador Declares Force Majeure On All Oil Contracts

(Bloomberg, 13.Dec.2021) — Ecuador declared force majeure on all oil contracts, including exports and imports, as the threat of soil erosion forced the shutdown of […]

Upstream Sector Rebounding – But ‘Peak Uncertainty’ Fears Weigh In 2022

(WoodMac, 13.Dec.2021) — The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook […]

YPF Studying LNG Export For Growing Vaca Muerta Gas Production

(Platts, 13.Dec.2021) — YPF, the biggest oil and natural gas producer in Argentina, is doing preliminary studies to prepare for building LNG export capacity as […]

Challenger Reports On B/S Restructuring, License Renewals

(Challenger Energy, 13.Dec.2021) — Challenger Energy Group Plc (AIM: CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, development, appraisal and […]

NRGBriefs: Ecuador Declares Force Majeure On Oil Exports

(Energy Analytics Institute, 13.Dec.2021) — Energy briefs including Ecuador’s gov’t declaring force majeure on 12 Dec. 2021 on oil exports due to erosion issues around […]

Argus Launches Report As Brazil Liberalizes Gas Market

(Argus, 10.Dec.2021) — Brazil is opening its gas market to competition, taking steps to reduce the dominance of state-controlled Petrobras and provide opportunities to new entrants, […]

Staatsolie Takes Steps to Set Up Oil & Gas Stream NATIN

(Staatsolie, 10.Dec.2021) — The Natuur Technisch Instituut (Nature Technical Institute, NATIN) will get an oil and gas stream. Staatsolie Maatschappij Suriname N.V. is working together […]

Bristow Completes Move To Offshore Ops Using Sustainable Aviation Fuel

(Bristow, 10.Dec.2021) — Bristow Group Inc. (NYSE: VTOL) completed an offshore revenue flight using sustainable aviation fuel (SAF), marking one of the first SAF-powered flights to […]

No Change Afoot At Venezuela’s Oil Ministry: Sources

(Argus, 10.Dec.2021) — Venezuela’s oil minister Tareck El Aissami returned to work this week after a prolonged medical leave and will not be replaced, a […]

WEB Aruba And Eagle LNG Ink Clean LNG Supply Deal

(Eagle LNG, 9.Dec.2021) — Eagle LNG Partners LLC, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied […]

Ecopetrol To Invest $4.8-$5.8bn In 2022

(Ecopetrol, 9.Dec.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that its Board of Directors approved the 2022 organic investment plan for the GE, for an estimated […]

Petrobras On Relavant Goldman’s Shareholding Position

(Petrobras, 9.Dec.2021) — Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & […]

Trinidad Minister Meets With BHP Executives

(MEEI, 9.Dec.2021) — Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P., met […]

Excelerate Energy Initiates Ops At Bahia LNG Terminal

(Excelerate, 9.Dec.2021) — Excelerate Energy L.P. announced that on 8 December 2021 it started natural gas deliveries to the Brazilian market at the Bahia Regasification […]

CCUS and Upstream Production in Brazil

(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply […]

Brazil is in Water Crisis

(Nature, 8.Dec.2021) — Brazil has the largest amount of fresh water in the world. Two-thirds of what flows in the Amazon River alone could supply […]

YPF eyes unlocking Vaca Muerta’s potential: CEO Sergio Affronti at WPC Houston

HOUSTON, TEXAS (Energy Analytics Institute, 8.Dec.2021) — YPF’s CEO Sergio Affronti said the state oil producer was looking at “unlocking the Vaca Muerta’s full shale […]

Equinor Boost Ownership In The Statfjord Field

(Equinor, 8.Dec.2021) — Equinor entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian […]

NRGBriefs: Orea Prepping for Maripa Gold Project

(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Fitch Ratings affirming Frontera‘s IDR at ‘B’; Orea Mining Corp. commencing preparation for a diamond drilling program […]

Trinidad’s Energy Minister Young Participates In WPC Round Table

(MEEI, 8.Dec.2021) — On Wednesday 8 December 2021, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister the Honourable […]

NRGBriefs: Trinidad To Reveal Ryder Scott Details

(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Argentina aspiring to produce 1 MMb/d in five yrs; Trinidad and Tobago looking to reveal details of […]

Excelerate Energy Hosts Tree Planting Initiative In Bangladesh

(Excelerate, 8.Dec.2021) — Excelerate Energy, a U.S.-based LNG company, organized a tree planting initiative on November 17, 2021 at Zero Point, Moheshkhali Island in Cox’s […]

Oil And Gas Companies Must Be Bold As Energy Transition Sets Tone For 2022

(WoodMac, 8.Dec.2021) — It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for […]

Trinidad To Offer Onshore, Shallow-water Blocks In 2022

(Reuters, 8.Dec.2021) — Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week’s launch of […]

Colombia Testing Waters for Carbon-Neutral Crude

(Bloomberg, 7.Dec.2021) — Colombia, a producer of sludgy, dirty oil, is seeking to sell crude that’s carbon neutral as it tests the market’s appetite for […]

SAExploration Announces Executive Changes

(SAExploration, 7.Dec.2021) — SAExploration Holdings, Inc. announced that Michael J. Faust, President and Chief Executive Officer, will retire from his executive positions, effective 1 January 2022. He will […]

Equinor Invests In Battery Storage

(Equinor, 6.Dec.2021) — Equinor signed an agreement with Noriker Power Limited, a leading battery storage developer in the United Kingdom focusing on the engineering and […]

Höegh LNG Holdings Initiates Buyout Offer for Höegh LNG Partners LP

(Höegh LNG, 6.Dec.2021) — Höegh LNG Holdings Ltd. submitted a non-binding proposal to the Board of Directors of Höegh LNG Partners LP (HMLP) pursuant to which Höegh […]

Solaris Announces Proposed Spin-Out Of Non-Core Assets

(Solaris, 6.Dec.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of […]

Trinidad’s MEEI Promotes Deep Water Round At WPC [PDF Download]

(MEEI, 6.Dec.2021) — The Honourable Stuart R. Young M.P, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along […]

Trinidad’s MEEI Launches Deepwater Bid Round [PDF Download]

(MEEI, 3.Dec.2021) — I am pleased to announce the launch of the 2021 Trinidad and Tobago Deep Water Competitive Bid Round. The Opening of the […]

Venture Global and Louisiana Governor Propose CP2 LNG Export Facility

(Venture Global, 2.Dec.2021) — Venture Global LNG and Louisiana Governor John Bel Edwards announced the company will invest more than $10bn to develop a fourth […]

SSR Mining Reveals Acquisition of Taiga Gold

(SSR Mining, 2.Dec.2021) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) and Taiga Gold Corp. (CSE: TGC) have entered into a definitive arrangement agreement […]

Chevron Reveals $15bn Capital and Exploratory Budget for 2022

(Chevron, 1.Dec.2021) — Chevron Corporation (NYSE: CVX) announced a 2022 organic capital and exploratory spending program of $15bn, at the low end of its $15bn to $17bn guidance range […]