(Reuters, 26.Aug.2021) — Peru’s Congress on Thursday pushed back to Friday a key vote to confirm or reject a new leftist Cabinet nominated by President […]
Ecuador To Spend $80mn On Thermal Power Stations
(Reuters, 26.Aug.2021) — Ecuador’s state-run power company CELEC said on Thursday it will spend $80 million to repair idle thermal power plants to prepare them […]
Noble Provides Preliminary 2022 Guidance
(Noble, 26.Aug.2021) — Noble Corporation (NYSE: NE) announced that subsidiaries of the company have reached a definitive agreement to sell four jackups to ADES International […]
CCS Could Impact Emissions Of LNG Projects
(WoodMac, 25.Aug.2021) — The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy […]
Petrobras Pays Dividends
(Energy Analytics Institute, 25.Aug.2021) — Brazil’s state owned Petróleo Brasileiro S.A. (Petrobras) made a payment today which relates to the first installment of the remuneration […]
Petrobras Inks Deal To Divest REMAN Refinery
(Petrobras, 25.Aug.2021) — Petrobras signed today with the company Ream Participações S.A., a corporate company owned by the partners of Atem’s Distribuidora de Petróleo S.A. […]
Petrobras On RNEST Divestment
(Petrobras, 25.Aug.2021) — Petrobras says interested parties in the sale process of the Abreu e Lima Refinery (RNEST) formally declined to submit a binding proposal […]
Mantaro To Buy Into Golden Hill Property
(Mantoro 25.Aug.2021) — Mantoro Silver Corp. (TSXV: MSLV) (FSE: 9TZ) entered into a property option agreement with Minera Golden Hill S.R.L. (MGH) and Luis Fernando […]
Shell Signs First Natural-Gas Supply Contract In Brazil
(Wall Street Journal, 25.Aug.2021) — Royal Dutch Shell PLC said Wednesday that it has signed a natural-gas sales contract with Companhia Pernambucana de Gas, its […]
Talos Wins Bid For Carbon Capture And Storage Site
(Talos, 25.Aug.2021) — Talos Energy Inc. (NYSE: TALO), along with its partner Carbonvert, Inc., was the sole winning bidder partnership for the Texas General Land […]
Coltan In Your Smartphone Finances Colombian Guerrilla Armies
(Vice, 25.Aug.2021) — A recent seizure highlights how “corrupt Colombian government officials have helped to launder Venezuelan coltan into licit supply chains in Colombia,” said […]
Venezuela Sees Refinery Debt Swap As Model For Future Deals
(Reuters, 25.Aug.2021) — Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a […]
Mexico Restores Some Oil Production
(AP, 24.Aug.2021) — Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms […]
Crude From Venezuela, Iran Stacks Up Off Singapore
(Bloomberg, 24.Aug.2021) — Oil stored in ships has been stacking up off key Asian ports as a crackdown in China on private crude oil processors […]
Venezuela Swapped Oil For Food, Then Punished Dealmakers
(Reuters, 24.Aug.2021) — With U.S. sanctions spooking key oil buyers and depriving its government of cash, Venezuela last year inked a deal with a little-known […]
Suriname Webinar On O&G Local Content
(Energy Analytics Institute, 24.Aug.2021) — Staatsolie in cooperation with ExxonMobil will be hosting a webinar on ‘Local Content in the O&G industry’. As a supplier […]
Companies Take Steps Toward Climate Neutrality
(Bloomberg, 24.Aug.2021) — Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t bend as far. Petroleos Mexicanos […]
Pemex Safety Incidents Challenge Production Growth Target
(Fitch, 24.Aug.2021) — Pemex‘s reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company’s production growth rates, as this field is the company’s […]
LatAm Briefs: Guyana’s Oil Output
(Energy Analytics Institute, 23.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina awaiting arrival of two LNG tankers, Guyana’s oil output, […]
bpTT/EOG Make 1 Tcf Gas Discovery
(The Guardian, 23.Aug.2021) — An exploration well drilled by bpTT and EOG Resources has discovered one trillion cubic feet of gross natural gas resources, off […]
YPF to Defend Interests in Lawsuit Regarding Shareholder Meeting
(Energy Analytics Institute, 23.Aug.2021) — In compliance with requirements of article 3, item 9, Chapter I, Title XII of the Rules of the Argentine Securities […]
Frontera Spuds Kawa-1 Offshore Guyana
(Frontera, 23.Aug.2021) — Frontera Energy Corporation (TSX: FEC) announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX Energy Inc. (TSXV: OYL), Frontera majority-owned […]
The Creation Of Inflation
(HSBC Bank plc, 23.Aug.2021) — Amid vast uncertainty, inflation has spiked raising fears that price stability is over. The risks of “error” – in both […]
Citgo Envisions Oil ‘Bridge’ To Venezuela
(Argus, 23.Aug.2021) — US refiner Citgo has been effectively cut off from its Venezuelan state-owned parent PdV since 2019, but it is still constrained by […]
LatAm Briefs: Guyana-Suriname Basin Reserves
(Energy Analytics Institute, 21.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina pondering its allocation of energy subsidies, Ecopetrol closing on […]
Ecopetrol closes ISA transaction
(Piero Stewart, Energy Analytics Institute, 20.Aug.2021) — Colombia’s state oil giant Ecopetrol S.A. announced on 20 Aug. 2021 that closing conditions set forth in the […]
Guyana, Suriname Eye Jointly Developments
(DPI, 19.Aug.2021) — Recognising the vast potential of Guyana and Suriname’s oil and gas sectors, their Excellencies Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi have […]
Oil Price Windfall A ‘Golden Opportunity’
(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources […]
LatAm Countries To Discuss Climate Actions
(Governmenf of Panama, 20.Aug.2021) — The Governments of Argentina, Barbados, Chile, Colombia, Costa Rica, the Dominican Republic and Panama will co-organize the “High-Level Dialogue on […]
Actis Sells Saavi Energia To Global Infrastrucutre Partners
(Global Infrastructure Partners, 20.Aug.2021) — Actis, a leading global investor in sustainable infrastructure jointly announces with Global Infrastructure Partners (GIP), a leading global independent infrastructure […]
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas […]
Exxon’s Guyana Drilling ‘Poses Major Environmental Risk’
(The Guardian, 19.Aug.2021) — ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to […]
CNOOC Reports Significant Earnings Increase
(CNOOC, 19.Aug.2021) — CNOOC Limited (SEHK: 00883,NYSE: CEO, TSX: CNU) announced its 2021 interim results for the six months ended 30 June 2021. In the […]
Sorcia Minerals Adds New Salar In Chile
(Sorcia, 19.Aug.2021) — Sorcia Chile SPA (Sorcia), a subsidiary of the US company, Sorcia Minerals LLC, reached a new agreement with RJR Salar, to expand […]
Brazil In Talks With Argentina for Gas Pipeline from Vaca Muerta
(Reuters, 19.Aug.2021) — Brazil is negotiating with Argentina on the construction of a billion-dollar pipeline from the Vaca Muerta shale gas reserves, Brazilian President Jair […]
Braskem Offering Back On The Table
(Bloomberg, 19.Aug.2021) — A public equity offering is again emerging as a possible exit strategy for the controlling shareholders in one of the world’s top […]
Climate Change Behind BHP/Woodside Merger
(Trinidad and Tobago Newsday, 19.Aug.2021) — Two former ministers of energy are contending that climate-change policy is what would have driven the merger between the […]
Guyana, Suriname Reveal Joint Gas Development Strategy
(S&P Global, 19.Aug.2021) — The presidents of Guyana and Suriname said Aug. 19 their countries will craft a joint strategy to develop their natural gas […]
PDVSA Cedes Stake In Refidomsa Refinery
(Reuters, 19.Aug.2021) — Venezuelan state oil company PDVSA has given up its 49% stake in a Dominican refinery as part of a swap for some […]
S&P Maintains Ecopetrol Rating At BB+
(Ecopetrol, 18.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) announced that the risk rating agency Standard & Poor’s maintained the international long-term rating of Ecopetrol […]
Guyana, Suriname Eye Further Drilling
(Reuters, 18.Aug.2021) — Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a […]
Jagdeo: Developed Countries Must Help In Climate Fight
(DPI, 18.Aug.2021) — Vice President Dr. Bharrat Jagdeo MP, has issued a clarion call for developed countries to pull their weight in the fight against […]
Guyana Eyes Oil Developments, Rising Per Capita Income
(Energy Analytics Institute, 17.Aug.2021) — Guyana’s Vice President Bharrat Jagdeo took part in the Offshore Technology Conference (OTC) held in Houston between 16-19 August 2021. […]
Guyana Seeks Higher Royalties
(Reuters, 17.Aug.2021) — Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future […]
Shale Oil Investments May Be Protected From Nationalization
(Baker Institute, 17.Aug.2021) — Shale oil’s short-cycle production protects foreign investors from the risk of expropriation — government taking private property for public use — […]
Citgo Returns To Profitability
(Citgo, 16.Aug.2021) — Citgo Petroleum Corporation reported its second quarter 2021 performance results, including net income of $3mn, EBITDA1 of $214mn and adjusted EBITDA2 of $208mn, […]
Orvana Reports El Valle Plant Stoppage
(Orvana, 16.Aug.2021) — Orvana Minerals Corp. (TSX: ORV) announces that a rock fall has occurred at a legacy open pit wall at El Valle. The […]
Ecopetrol Gets Go Ahead For $4bn Loan For ISA Acquisition
(Ecopetrol, 16.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that by means of Resolution 1928 of 13 August 2021, the Ministry of Finance and Public […]
Cox Energy Establishes IR Vice Presidency Office
(Cox Energy, 16.Aug.2021) — Cox Energy América, S.A.B. DE C.V. (BIVA: COXA *, BMV: COXA *), the region’s only listed pure play photovoltaic renewable solar […]
Guyana-Suriname Basin OTC2021 Technical Panel Summary
(Energy Analytics Institute, 16.Aug.2021) — Executives with ExxonMobil provided technical details of the company’s initial, current and planned activities in Guyana. What follows are excerpts […]