Editores LatinPetroleum

TotalEneriges Approves FID for Lapa South-West Project

(TotalEnergies, 16.Jan.2023) — TotalEnergies approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil. This development represents an investment of approximately $1bn. TotalEnergies operates the project with a 45% interest, in partnership with Shell (30%) and Repsol […]

Guyana Budget 2023 [PDF Download]

(Guyana Ministry of Finance, 16.Jan.2023) — The Budget 2023 is the fourth budget of this People’s Progressive Party/Civic (PPP/C) government formed in August 2020. ____________________

UK on Imports of Fossil Fuels from Russia

(UK Parliament, 16.Jan.2023) — The UK imported no coal or gas from Russia in November 2022. The total value of UK fossil fuel imports from Russia has fallen since Russia launched its full-scale invasion of Ukraine in 2022. It was £2.98 billion in the year to November 2022. Russia’s 2022 […]

Qatari Minister Al-Kaabi on “Quest for Energy Transition”

(QatarEnergy, 14.Jan.2023) — His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said the world can’t solve its environmental and climate change problems without being realistic about the solution. His Excellency’s remarks came during an opening panel discussion of the […]

Riyadh to Host 44th IAEE International Conference 4-9 Feb. 2023

(KAPSARC, 14.Jan.2023) — The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Saudi Association for Energy Economics (SAEE) are proud to host the 44th IAEE International Conference in Riyadh from 4-9 February 2023. For the first time, the IAEE is holding its prestigious annual international conference in the Middle […]

Petrobras on Letter Confirming Jean Paul Terra Prates as CEO

(Petrobras, 13.Jan.2023) — Petrobras, in addition to the material fact of 3 January 2023, informs that it received a letter from the Ministry of Mines and Energy on yesterday’s date, confirming the nomination of Mr. Jean Paul Terra Prates as CEO of Petrobras and a member of the Board of […]

Petrobras on Payment of Compensation to Shareholders

(Petrobras, 13.Jan.2023) — Petrobras informs that will pay on 19 January 2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 3 November 2022 and Notice to the Market of 18 November 2022, based on the shareholding […]

TotalEnergies Delivers FSRU to Lubmin Terminal in Germany

(TotalEnergies, 13.Jan.2023) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place tomorrow, attended by German Federal Chancellor Olaf Scholz. This project, to which […]

Uranium Energy’s Technical Report for Shea Creek Project

(Uranium Energy, 12.Jan.2023) — Uranium Energy Corp (NYSE American: UEC) filed a Technical Report Summary (“TRS”) on EDGAR disclosing updated mineral resources for the company’s Shea Creek Project. UEC indirectly owns 49.0975% of the Project and Orano Canada Resources owns the remainder and is the Project operator. Highlights: This TRS filing […]

Tourmaline Oil Declares Dividend

(Tourmaline, 12.Jan.2023) — Tourmaline Oil Corp. (TSX: TOU) announced a special dividend and provide an operational and 2023 guidance update. SPECIAL DIVIDEND Tourmaline is pleased to announce the declaration of a special dividend of $2.00/share, given the continued strong financial performance and outlook for the Company. The special dividend is part of Tourmaline’s […]

Horizon ‎Petroleum to Create Europe Focused Producer

(Horizon Petroleum, 12.Jan.2023) — Horizon Petroleum Ltd. (TSXV: HPL.H) has entered into a letter of intent dated December 9, 2022 (the “LOI“) with a private European company (the “Vendor“) under which Horizon will acquire all of the outstanding shares of its European oil and gas subsidiary company (“SUB“) (the “Transaction“) through the issuance […]

Oil Price Cap Chips Away at Russia’s Revenue

(Canada’s National Observer, 12.Jan.2023) — A price cap and European Union embargo on most Russian oil have cut into Moscow’s revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the $60-per-barrel cap was “too lenient,” researchers said Wednesday. The combination of the […]

US Surges to Top of LNG Exporter Ranks on Breakneck Growth

(Bloomberg, 12.Jan.2023) — The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel. Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s […]

WoodMac: Key Things to Watch in Global Upstream in 2023

(WoodMac, 12.Jan.2023) — Upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets. But the challenges the industry faces will compound in 2023. Wood Mackenzie, a Verisk business (Nasdaq:VRSK), released the Global upstream: 5 things to look for in 2023 reports today. Key themes to watch for include […]

TotalEnergies Commissions Anaerobic Digestion Unit BioBéarn

(TotalEnergies, 12.Jan.2023) — TotalEnergies has launched its eighteenth biogas production unit1 in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh). Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding […]

Silver Viper Presents Positive G&G Survey Results at La Virginia

(Silver Viper, 12.Jan.2023) —Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) provided an update on exploration activities within the La Virginia Silver-Gold Project, located in Sonora, Mexico. Exploration activities continued throughout 2022 at the northern portion of the La Virginia Project, principally along the south and south-east extensions of the El Rubi […]

Montreal Protocol Emerges as Powerful Climate Treaty

(National Oceanic and Atmospheric Administration or NOAA, 11.Jan.2023) — A new report from the U.N., which includes key scientific contributions from NOAA and international partners, confirms that the recovery of Earth’s protective ozone layer is on track, and that the Montreal Protocol, the international treaty that guides the phase-out of […]

ExxonMobil to Divest Interest in Esso Thailand

(Exxon, 11.Jan.2023) — ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations, delivering on its commitment to strengthen value and overall competitiveness. The transaction will be executed by ExxonMobil’s […]

Equinor Awarded Production Licences on Norwegian Continental Shelf

(Equinor, 10.Jan.2023) — Equinor has been awarded 26 new production licences by the Ministry of Petroleum and Energy (MPE) in the 2022 Award in Predefined Areas (APA) – 18 licences as operator, and eight as partner. “The APA rounds are important, and we are very pleased with today’s awards,” says […]

CGG Commences Foz do Amazonas 3D Seismic Reimaging Project

(CGG, 9.Jan.2023) — CGG announced the start of a new Foz do Amazonas 3D seismic reimaging project, aimed at supporting Brazil’s Permanent Offer initiative in the Equatorial Margin. The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June. The […]

QatarEnergy, Chevron Reveal FID for $6bn Petrochemical Complex in Qatar

(QatarEnergy, 8.Jan.2023) — QatarEnergy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex – a $6bn integrated olefins and polyethylene facility at Ras Laffan Industrial City. The announcement was made in Doha in a special ceremony during which His […]

Peru Anti-government Protesters Clash with Police in Puno

(Al Jazeera, 7.Jan.2023) — Dozens of anti-government protesters have clashed with police in southern Peru amid renewed unrest in the wake of the removal and detention of former President Pedro Castillo. The protesters attempted to take over the airport and police used tear gas to disperse them, the Reuters news agency reported. […]

Lula Team Wants to Halt Petrobras Sale of Nat Gas Assets

(Bloomberg, 6.Jan.2023) — Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned […]

Houston Texans to Purchase Carbon Removal Credits

(Oxy, 6.Jan.2023) — 1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s first Direct Air Capture (DAC) plant, which is expected to be […]

Petrobras Supports UN Initiative Focused on Reducing Methane Emissions

(Petrobras, 6.Jan.2023) — Petrobras has taken another important step towards a low carbon future: it has signed an agreement with the Oil & Gas Methane Partnership 2.0 (OGMP), a global initiative coordinated by the UN dedicated to the quantification and management of methane emissions, focusing on climate change mitigation. Recognized […]

GoldHaven Signs LOI for Proposed POA in Chile

(GoldHaven, 5.Jan.2023) — GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) entered into a Letter of Intent (the “LOI”) dated December 21, 2022, to assess a Plan of Arrangement (the “POA”) with Oro Atacama SpA, a private Chilean mining group with three properties (India Coya, Los Sapos, Pepita) – two of which are […]

Equinor and RWE to Cooperate on Energy Security and Decarbonization

(Equinor, 5.Jan.2023) — Equinor and RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. The partners aim to replace coal fired power plants with hydrogen-ready gas fired power plants in Germany, and to build production of low carbon and renewable hydrogen in Norway that […]

Exiled Venezuela Lawmakers Chosen to Lead Anti-Maduro Fight

(AP, 5.Jan.2023) — Venezuela’s opposition has selected an all-female team of mostly unknown exiled former lawmakers to replace the beleaguered Juan Guaidó as the face of its faltering efforts to remove socialist President Nicolas Maduro. Last week, politicians who were elected to the National Assembly in 2015 voted to oust Guaidó […]

Global LNG Represents 39% of EU Gas Imports in 2022

(Kpler, 5.Jan.2023) — EU gas imports remained stable year on year last year at around 337.4 bn m3, preliminary data from the European Network of Transmission System Operators for Gas (ENTSOG) show. The bloc traditionally imports most of its gas, and it imported at least 70% of it via pipelines […]

Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]

(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The company’s first four developments offshore offer Brent breakeven prices less than $40/bbl. Highlights – ~$35/bbl Brent breakeven for Liza Phase 1 – ~$25/bbl Brent breakeven […]

Energy Toolbase and Sunshine Deploy Storage System in Costa Rica

(Energy Toolbase, 5.Jan.2023) — Energy Toolbase has deployed its Acumen EMS™ controls software on an energy storage system with Sunshine, a Costa Rica-based solar development company. Sunshine installed the BYD Chess unit integrated with Acumen EMS for Laboratorios Calox, a pharmaceutical facility in San José, Costa Rica. This commercial project is Energy Toolbase’s first deployment […]

Petrobras on Management Change

(Petrobras, 4.Jan.2023) — Petrobras informs that its Board of Directors, in a meeting held on this date, approved the early termination of Mr. Caio Mário Paes de Andrade’s term as CEO of Petrobras, effective as of today. Due to the vacancy of the position, the Chairman of the Board of […]

Trinity Gas Storage Closes Financing with Transition Equity Partners

(Trinity, 4.Jan.2023) — Trinity Gas Storage, LLC announced the closing of financing by Transition Equity Partners, LLC (TEP) to advance the development of Trinity Gas Storage, a greenfield natural gas storage facility in East Texas. TEP’s investment will provide Trinity with the capital required to finalize engineering, with the goal […]

CGG, TGS Announce Foz do Amazonas Phase II

(CGG, 4.Jan.2023) — CGG, a global technology and HPC leader, and TGS, a global provider of energy data and intelligence, today announced the second phase of the Foz do Amazonas 3D multi-client survey, located in the offshore Brazil Equatorial Margin. This survey, covering 11,425 sq km, will broaden the region’s […]

New Nucor Steel Brandenburg Plate Mill Rolls First Plate

(Nucor, 3.Jan.2023) — Nucor Corporation (NYSE: NUE) announced today that the company’s new state-of-the-art steel plate mill in Brandenburg, Kentucky, rolled its first steel plate on Friday, 30 December 2022, 2022. Nucor Steel Brandenburg will focus on final commissioning of the mill in the first quarter of 2023 and will ship the first […]

Talos Achieves Successful Results from Lime Rock and Venice Prospects

(Talos, 3.Jan.2023) — Talos Energy Inc. (NYSE: TALO) today announced that the company’s Lime Rock and Venice prospects both successfully discovered commercial quantities of oil and natural gas during sequential drilling operations in the fourth quarter of 2022. Talos holds a 60% working interest in the two deepwater discoveries, both of which are […]

First LNG Cargo Reaches Germany’s LNG Terminal in Wilhelmshaven

(Venture Global, 3.Jan.2023) — Today, Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in Wilhelmshaven. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, a major energy mover, was loaded in Calcasieu Pass, USA, at the liquefaction facility of the LNG […]

Energy Analytics Institute’s NRGBriefs: December 2022

(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on Venezuela resulting in increased US imports of that heavy/sour crude; twin-island country Trinidad and Tobago eying its annual energy conference in Port of Spain; Savannah […]

Ecopetrol Informs Petition on the Collective Bargaining Agreement

(Ecopetrol, 30.Dec.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that company’s coexisting unions filed a petition on the current Collective Bargaining Agreement. Ecopetrol also filed today a partial petition before the Ministry of Labor. The company’s current Collective Bargaining Agreement, covering Ecopetrol’s direct workers, was initially signed in 2018 for a […]

Chevron Sending Two Oil Tankers to Venezuela Under US Approval

(Reuters, 30.Dec.2022) — U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data. On Friday, a Chevron-chartered vessel approached […]

US Offers Credit for New Qualified Clean Vehicles

(IRS, 30.Dec.2022) — If you bought and placed in service a new qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) on 1 January 2023 or later and meet certain income limitations, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D. […]

Petrobras News in the Media

(Petrobras, 30.Dec.2022) — Petrobras, regarding the pieces of news in the media about expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive […]

Petrobras on Naming of New CEO

(Petrobras, 30.Dec.2022) — Petrobras, in relation to the news published in the media, clarifies that it has not yet been formally communicated of the nomination of Mr. Jean Paul Prates for the presidency of the company. Following the usual procedures for nominating the company’s managers, the nominee’s name must go […]

GoldMining Inc. Announces Updated At-the-Market Equity Program

(GoldMining, 30.Dec.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) has entered into an equity distribution agreement dated 30 December 2022 with a syndicate of agents, including BMO Nesbitt Burns Inc. and BMO Capital Markets Corp. (the “Lead Agents”) and H.C. Wainwright & Co., LLC, Haywood Securities Inc., Laurentian Bank Securities […]

B2Gold Reports Two Fatalities from Off-Site Incident in Mali

(B2Gold, 29.Dec.2022) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) deeply regrets to report that two B2Gold employees have passed away as a result of injuries sustained in an off-site robbery incident in Mali earlier today. All reports have identified this tragic event as the result of a robbery incident and not related to any terrorist activity. A local bus […]

EDF Divests Interest in Five Wind Projects in the US

(EDF Renewables, 29.Dec.2022) — EDF Renewables North America announced today it has completed the transaction with Boralex Inc. (TSX: BLX) by which Boralex has acquired EDF Renewables’ 50-percent ownership interests in five operating wind power projects totaling 447 megawatts (MW) in Texas and New Mexico. EDF Renewables put into service all five […]

Boralex Buys 50% Stake in Five US Wind Farms

(Boralex, 29.Dec.2022) — Boralex Inc. (TSX: BLX), a leader in renewable energy, today announced it has completed the acquisition of EDF Renewables North America’s interest in five operating wind farms with a total installed capacity of 894 megawatts (MW), located in Texas and New Mexico. EDF Renewables’ interest represents 447 […]

Diesel Prices in 2023? Don’t Expect Much Relief

(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation fuel tightened. However, analysts expect diesel prices to come down in 2023, even as supplies will remain tight. So Ed, why don’t we start with […]

FACT BOX: Keystone Pipeline System [MAP]

(TC Energy, 29.Dec.2022) — The Keystone Pipeline System, stretching 4,324 km (2,687-miles) in length, plays a key role in delivering Canadian and U.S. crude oil supplies to markets around North America. The Canadian portion of the pipeline runs from Hardisty, AB, east through Manitoba where it turns south and crosses […]

Newpark Completes Gulf of Mexico Transactions

(Newpark Resources, 28.Dec.2022) — Newpark Resources, Inc. (NYSE: NR) completed the previously announced transactions, which effectively provide for the company’s exit from the Gulf of Mexico market. The two completed transactions include the sale of substantially all assets associated with the Gulf of Mexico completions fluids operations, as well as a separate transaction, through which […]