(Citgo, 3.Oct.2022) — Citgo Petroleum Corporation recently named Kresha Sivinski the Company’s newly established Vice President of Human Resources and Support Services, where she will oversee corporate human resources, aviation and corporate services functions. Sivinski joined the Citgo Lake Charles, La. refinery after graduating with a bachelor’s degree in Civil Engineering […]
Petrobras on NTS Contracts
(Petrobras, 3.Oct.2022) — Petrobras, following up on the release disclosed on 22 December 2021, informs that, as part of the actions taken to open the Brazilian natural gas market, signed, in 30 September 2022, with Nova Transportadora do Sudeste S.A. (NTS) the Flexibility Reduction Agreement to be used by Petrobras […]
Business Confidence in Mexico Drops in September 2022
(Energy Analytics Institute, 3.Oct.2022) — Inflationary pressures, low economic growth, higher interest rates and investment uncertainty led to the fourth consecutive deterioration of business confidence in Mexico, the daily La Jornada reported on 3 October 2022, citing data from the National Institute of Statistics and Geography (Inegi by its Spanish […]
Energy Analytics Institute’s NRGBriefs: September 2022
(Energy Analytics Institute, 30.Sep.2022) — Energy briefs as well as others related to finance and politics during September 2022 including EXMAR closing the sale of the floating liquefaction barge Tango FLNG to Eni; the Venezuelan government officially regaining control of the petrochemical company Monómeros, a subsidiary of the state-owned PDVSA; […]
Petrobras on Divestment of Potassium Mining Rights
(Petrobras, 30.Sep.2022) — Petrobras, following up on the release disclosed on 08/11/2022, informs the beginning of the binding phase concerning the sale of its mining rights for research and mining of potassium salts located in the Amazonas Basin. Potential buyers qualified for this phase will receive a process letter with […]
Petrobras on Divestment of Onshore Optic Fiber Network
(Petrobras, 30.Sep.2022) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its onshore fiber optic network. The teaser, which contains the key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on on Petrobras’ Investor Relations website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers. […]
Chevron Delivers First Offset-Paired LNG Cargo
(Chevron, 29.Sep.2022) — Chevron Corporation‘s (NYSE: CVX) subsidiary, Chevron U.S.A. Inc. (Singapore Branch) (Chevron), has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo. Greenhouse gas emissions for the cargo, from the Gorgon Project off the northwest coast of Western Australia, will be fully offset via the retirement of high-quality nature-based and energy efficiency […]
Petrobras Inks Deal with Keppel Related to P-83 Construction
(Petrobras, 28.Sep.2022) — Petrobras signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil […]
NGC Group’s 1H:22 Financial Performance Bolstered
(NGC, 28.Sep.2022) — The NGC Group continues to show marked improvement in its financial performance according to Summary Consolidated Financial Statements for the Six Months Ended 30 June 2022. For the financial period, The National Gas Company of Trinidad and Tobago Limited (NGC) together with its subsidiaries (collectively the Group) […]
Vaca Muerta Shale Day in Houston 2022
(IAPG, 27.Sep.2022) — Since its first wells more than ten years ago, Argentina’s Vaca Muerta has come a long way to become the most relevant shale play outside North America. Full development has become a reality and production from Vaca Muerta now represents 41% of Argentina’s oil production and 38% […]
GCM Mining, Aris Gold Complete Business Combination
(GCM Mining, 26.Sep.2022) — GCM Mining Corp. (GCM Mining) (TSX: GCM) (OTCQX: TPRFF) and Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) have completed the business combination previously announced on 25 July 2022. The combined entity has been renamed Aris Mining Corporation and operates several high-grade underground mines at its Segovia Operations and the Marmato […]
Chevron and MOECO to Collaborate on Advanced Geothermal Technology
(Chevron, 26.Sep.2022)— Chevron New Energies International Pte, Ltd., and Mitsui Oil Exploration Co., Ltd (MOECO) announced the signing of a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Building on Chevron and MOECO’s long-standing relationship, the new collaboration will study geothermal […]
Energy Chamber Pleased with Fiscal Measures in Budget 2023
(The Energy Chamber, 26.Sep.2022) — The Energy Chamber welcomes measures put in place by the Ministry of Finance to improve the fiscal environment under which the upstream energy sector companies operate in Trinidad and Tobago. We wish to thank the Minister of Finance, Hon. Colm Imbert for collaborative engagement with […]
bpTT’s Cypre Project Gets Go Ahead
(bpTT, 24.Sep.2022) — bp Trinidad and Tobago (bpTT) confirmed that it is proceeding with the development of its Cypre offshore gas project. This decision followed recent meetings of Trinidad and Tobago’s Prime Minister Dr Keith Rowley, Minister of Energy and Energy Industries Stuart Young, bp CEO Bernard Looney and incoming […]
Tellurian Terminates Two SPAs
(Tellurian, 23.Sep.2022) — Tellurian Inc. (NYSE American: TELL) announced that it has updated its Driftwood LNG financing strategy to prioritize securing equity partners. Part of this strategy includes introducing flexibility in its liquefied natural gas portfolio with the termination of two current sales and purchase agreements. President and CEO Octávio […]
NGC and bpTT Ink Milestone Gas Deal for Future Domestic Supplies
(TT MEEI, 23.Sep.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) has signed a milestone gas supply contract (“GSC”) with energy major, bp Trinidad and Tobago (bpTT), securing a future domestic gas supply for Trinidad and Tobago for the upcoming years. NGC’s President Mark Loquan and bpTT’s […]
Ecopetrol Presents Second Report on Climate Change Management
(Ecopetrol, 23.Sep.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) published its second TCFD report as of 2021, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this second report is in line with international best […]
Maersk Drilling Secures Four-well Contract Offshore Denmark
(Maersk, 23.Sep.2022) — Maersk Drilling has been awarded a contract with INEOS E&P A/S for the provisioning of the harsh-environment jack-up rig Maersk Resolve to drill two development wells at the Solsort field as well as performing well intervention work scopes on two wells within the Siri cluster. Both areas […]
Magnolia Oil & Gas Mourns Passing of Former Chairman Stephen Chazen
(Magnolia Oil & Gas, 23.Sep.2022) — It is with great sadness that Magnolia Oil & Gas Corporation (NYSE: MGY) mourns the passing of former Chairman, President and Chief Executive Officer, Stephen Chazen. On behalf of the entire Magnolia team, Chris Stavros, President and Chief Executive Officer, said, “We are greatly […]
APA Corp. Engages GHD for Third-party Emissions Verification
(APA, 22.Sep.2022) — APA Corporation (Nasdaq: APA) announced engagement of GHD, a privately-owned global professional services company specializing in the implementation and verification of sustainability projects. This engagement underpins APA’s commitment to protecting the environment, which includes an all employee compensation-linked goal announced earlier this year to eliminate at least […]
Energy Chamber Hosts Upstream Operators Forum
(Trinidad and Tobago Energy Chamber, 22.Sep.2022) — Contractor and service company members of the Energy Chamber of Trinidad & Tobago received detailed information about future plans and opportunities to do business with the major upstream operating companies in Trinidad & Tobago at a virtual session on 22 September 2022. The […]
Maersk Drilling Inks One-well Extension for Drillship Offshore Suriname
(Maersk Drilling, 22.Sep.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January 2023, in direct continuation of the rig’s […]
US Senators Want Secondary Sanctions on Russian Oil
(ArabNews, 21.Sep.2022) — Democratic and Republican senators on Tuesday proposed that US President Joe Biden’s administration use secondary sanctions on international banks to strengthen a price cap the Group of Seven countries plan to impose on Russian oil over Moscow’s invasion of Ukraine. Democratic Senator Chris Van Hollen and Republican […]
Colombia’s July Oil Output Rose 2.3%
(ArabNews, 21.Sep.2022) — Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor fears it could lead to a recession and hurt fuel demand. Brent crude futures rose 11 cents, or 0.1 percent, to $90.73 a barrel by […]
Starwood Energy and energyRe Launch Radial Power
(energyRe, 21.Sep.2022) — Starwood Energy Group Global, LLC and energyRe LLC announced the launch of Radial Power, LLC. Radial Power will seek to deliver best-in-class portfolio-wide distributed clean energy solutions to large real estate and C&I asset owners, while unlocking revenues from underutilized real estate, delivering cost savings, and helping […]
Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore
(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore. The consortium intends to research, test, and […]
New Nucor Steel Plate Mill Pursuing LEED v4 Certification
(Nucor, 20.Sep.2022) — Nucor Corporation ( NYSE: NUE) announced that the new steel plate mill being built in Brandenburg, Kentucky has publicly registered to pursue LEED v4 for Building and Design certification. Nucor Steel Brandenburg is the first steel mill in the world to pursue certification under LEED v4, which is more stringent than […]
Pemex Confirms Damage to Ethane Pipeline in Tabasco
(Energy Analytics Institute, 20.Sep.2022) — State-owned Petróleos Mexicanos (Pemex) said an excavator accidentally hit one of its pipelines, which caused an ethane gas leak that triggered a fire. Pemex confirmed the damaged infrastructure was a 24-inch ethane pipeline that runs from Ciudad Pemex to Cangrejera, the company announced on 20 […]
EOG Eyes Beehive Prospect Offshore Australia in 2023
(Energy Analytics Institute, 20.Sep.2022) — EOG Resources intends to drill an exploration well targeting the Beehive Prospect in 2023 in offshore Australia. In Australia, an EOG affiliate holds a 100% interest in the WA-488-P Block, an exploration permit located offshore Western Australia, according to details on the US-based company’s website. […]
Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid
(Reuters, 20.Sep.2022) — Exxon Mobil Corp. is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases. An Exxon-led consortium discovered oil in the deep waters off Guyana’s coast, launched […]
PDVSA Controls Fire at Pier 1 in Puerto La Cruz
(Energy Analytics Institute, 17.Sep.2022) — State-owned PDVSA said a fire at Pier 1 of the Guaraguao Storage and Shipping Terminal in Puerto La Cruz, Anzoátegui state has been brought under control. The fire was caused by the rupture of a gasoline loading arm during product loading operations at a tanker […]
Petrobras Starts Bidding Phase for Stake in Potiguar Basin
(Petrobras, 20.Sep.2022) — Petrobras, following up on the releases disclosed on 16 August 2022 and 8 September 2022, informs the beginning of the binding phase regarding the sale of 40% of its stake in the BM-POT-17 exploratory concessions, in which the Pitu well Discovery Assessment Plan is being developed (Blocks […]
Urgent Need for Action on Trinidad’s Fiscal Terms: “Dax” Driver
(Energy Analytics Institute, 20.Sep.2022) — The Energy Chamber of Trinidad and Tobago head Dr. Thackery “Dax” Driver spoke 20 September 2022 on Trinidad’s TV6 Morning Edition about the upcoming national budget, and the urgent need for action on Trinidad’s fiscal terms to attract much needed investment to our energy industry. […]
Lightning Strike and Fire Didn’t Impact RPLC: El Aissami
(Energy Analytics Institute, 19.Sep.2022) — A lightning strike at the oxidation and water treatment lagoon of PDVSA’s Puerto La Cruz Refinery on 19 September 2022 didn’t impact the operations of the refinery, Venezuela’s Oil Minister Tareck El Aissami said during a telephone interview broadcast by the news channel Venezolana de […]
Tellurian Plunges After Axing $1bn Bond for LNG Plant
(Bloomberg, 19.Sep.2022) — Tellurian Inc. withdrew a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo. The stock plunged more than 24%. Citing uncertainty in the junk-bond market, the Houston-based company halted the offering of senior secured notes and warrants on Monday. Tellurian had […]
Whistler Pipeline Reveals New JV Pipeline with Cheniere
(WhiteWater, 19.Sep.2022) — WhiteWater Midstream, LLC announced that subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc. (NYSE American: LNG) executed agreements to move forward with the construction of the ADCC Pipeline, which is a new joint venture 42-inch pipeline that is expected to extend approximately 43 miles from the […]
TotalEnergies Launches Fenix Offshore Gas Project
(TotalEnergies, 19.Sep.2022) — TotalEnergies approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%). […]
TotalEnergies Signs E&P PSA for Onshore Oman Block 11
(TotalEnergies, 16.Sep.2022) — TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore Block 11. The first stage of the EPSA activities will see seismic acquisition in late 2022, with […]
CGG and University of Edinburgh Start Hydrogen Storage Research
(CGG, 16.Sep.2022) — CGG and the University of Edinburgh commenced an industry-leading project to undertake research into the subsurface storage of hydrogen in depleted gas fields. Hydrogen can be generated from electrolysis using renewable energy sources (‘green hydrogen’) and can help to alleviate the intermittent nature of renewable energy such […]
Petrobras Closes Offering of Commercial Notes
(Petrobras, 16.Sep.2022) — Petrobras, continuing the notices released on 19 August 2022 and 9 September 2022, hereby informs that the public offering of public distribution, with restricted distribution efforts, of the first (1st) issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in two series (Book-entry Commercial Notes) […]
Seaspan Updates on Dual-Fuel LNG Newbuilds Orders
(Energy Analytics Institute, 15.Sep.2022) — Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ( NYSE: ATCO), revealed details related to Atlas’ 17 May 2022 press statement regarding contracts for four 7,700 TEU dual-fuel LNG containership newbuildings, subject to certain closing conditions. “Due to certain conditions in the contracts not being […]
Air Liquide Joins Fight Against Climate Change
(Air Liquide, 15.Sep.2022) — As a sign of the success of our efforts, Air Liquide has been awarded by the CDP (former Carbon Disclosure Project), with an “A-” rating in two categories, climate change and water management. This score recognizes the highest level (“Leadership Level”) of the Group’s commitment to […]
Iraq: TotalEnergies Sells Interest in Sarsang Oil field
(TotalEnergies, 15.Sep.2022) — TotalEnergies completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $155mn. An […]
Maersk Secures Five-well Drilling Work Scope with Petrogas
(Maersk, 15.Sep.2022) — Maersk Drilling and Petrogas E&P Netherlands B.V. agreed to an amendment of the previously entered contract for the provisioning of the harsh-environment jack-up rig Maersk Resolute, under which an option included in that contract will be replaced by a newly entered five-well drilling contract which will employ Maersk […]
Trinidad PM Rowley Engages in Energy Talks with US VP Harris
(Office of the PM of Trinidad and Tobago, 15.Sep.2022) — Prime Minister Dr the Hon. Keith Rowley joined other regional leaders at a meeting with US Vice President, Kamala Harris today (Thursday 15 September, 2022) in Washington, DC. The CARICOM leaders had open discussions with Vice President Harris on matters […]
TechnipFMC Inks Subsea Deal for Lapa North East Development
(Energy Analytics Institute, 14.Sep.2022) — TechnipFMC (NYSE: FTI) was awarded a significant engineering, procurement, construction and installation (EPCI) contract valued between $75mn-$250mn by TotalEnergies for the French company’s Lapa North East field in the pre-salt Santos Basin offshore Brazil. Under the deal TechnipFMC will reconfigure and install umbilicals and flexible […]
US Energy Development Corp. Buys Permian Assets
(US Energy, 13.Sep.2022) — US Energy Development Corporation, an exploration and production (E&P) company focused on the development of energy projects throughout North America, announced the acquisition of three separate asset packages totaling more than $60mn in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering with […]
GoldMining Extends Mineralization At La Mina Project, Colombia
(GoldMining Inc., 13.Sep.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced additional assay results from its recently completed five hole 3,485 metre (m) drilling program on the La Garrucha target, located less than one kilometre to the east of existing mineral resources on the company’s 100% owned La Mina […]
Major Shareholder Announcement from Maersk
(Maersk, 13.Sep.2022) — Pursuant to Sections 30 and 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, The Drilling Company of 1972 A/S (“Maersk Drilling”) hereby announces receipt of the following notifications following the announcement of the preliminary results of the recommended voluntary public […]
Rowley: TT Must Secure Energy Future Now
(Trinidad and Tobago Newsday, 13.Sep.2022) — The Prime Minister is warning that unless investments are secured, declining natural gas levels could have dire consequences for the future of TT’s economy. Dr Rowley gave this grim warning at a media conference on Monday at the Diplomatic Centre, St Anns where he […]