(Houston American Energy, 24.May.2022) â Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the […]
Sempra Inks Deal with TotalEnergies, Mitsui, Mitsubishi for HCS Project
(Sempra, 23.May.2022) â Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana. The participation agreement contemplates that the combined Cameron LNG Phase 1 and proposed […]
Oxy Reveals Tender Results, Upsize of Cash Tender Offers for Certain Senior Notes
(Oxy, 23.May.2022) â Occidental (NYSE: OXY) announced the tender results of its offers to purchase for cash (each, an âOfferâ and collectively, the âOffersâ) its outstanding notes listed in the tables below (the âNotes,â and each, a âSeriesâ of Notes) in three separate pools (each, a âPoolâ). The Offers were made […]
NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) â Energy briefs including Venezuelaâs President NicolĂĄs Maduro warning citizens of the OPEC country to be on âmaximum alertâ in the face of what he called âterrorist attacks by the national and international right-wing against the Guri hydroelectric complex and […]
Petrobras on Request Regarding Caio Mario Paes de Andrade
(Petrobras, 23.May.2022) â Petrobras received today a letter from the Ministry of Mines and Energy, requesting measures in order to call an Extraordinary General Meeting, with the purpose of promoting the removal and election of a member of the Board of Directors, and appointing Caio Mario Paes de Andrade, to […]
Underwater Wireless Acoustic Standard to Improve Offshore Drone Communication
(Subsea Wireless Group, 23.May.2022) â An international oil and gas industry network, Subsea Wireless Group (SWiG), has launched a new wireless acoustic standard to improve communication between offshore vessels and the vehicles used in underwater inspection, maintenance and repair. SWiG addresses problems related to the increasing diversity of communication systems used by Autonomous Underwater […]
GoldMining Inc. Announces Board Appointments For U.S. GoldMining Inc.ïżŒ
 (GoldMining, 23.May.2022) â GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) is pleased to announce appointments to the Board of Directors of U.S. GoldMining Inc., a subsidiary of the company created to advance the Whistler Gold-Copper Project, located in Alaska, USA on a standalone basis (see news release February 28, 2022). The U.S. GoldMining […]
Golden Arrow Provides Results of Drilling at Tierra Dorada Gold Project in Paraguay
(Golden Arrow, 20.May.2022) â Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) received the final assays from its recent diamond drilling program at the Tierra Dorada Gold project in Paraguay. The Phase II program included 46 drill holes totaling 1791.80 meters testing the Alvaro and Itayuru prospects. Eight holes returned intervals of […]
Forefront Power to Develop Solar Energy Systems for Anheuser-Busch
(ForeFront Power, 20.May.2022) â ForeFront Power, a developer, advisor, and asset manager for commercial and industrial-scale solar energy and storage projects, has partnered with American brewer, Anheuser-Busch, to develop solar energy systems at eight breweries in its craft business unit, Brewers Collective. ForeFront Power has now completed solar energy installations […]
Mantaro Precious Metals Corp. Starts 5,000m Drill Program at Golden Hill
(Mantaro, 19.May.2022) â Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) announced the maiden 5,000-meter diamond drill program has commenced at the Golden Hill Property, located in Bolivia. The company will initially focus on drilling the numerous veins within the high-grade La Escarcha Gold Mine. Veins are up to 5 […]
Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia
(Sumitomo, 18.May.2022) â Sumitomo Corporation Andes S.A.S. (SCAN), a subsidiary of Sumitomo Corporation, together with Promigas, a leading energy distributor and transporter in South America, announced their intent to collaborate on the development of hydrogen mobility solutions in Colombia. The purpose of this agreement is to establish a collaboration between the two […]
PNM Announces Executive Changes
(PNM, 19.May.2022) â PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company’s ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn. Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and […]
Shell, Brazilâs Açu Partner to Build Green Hydrogen Plant
(Reuters, 19.May.2022) â Shell and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South Americaâs largest nation. Under the terms of a memorandum of understanding signed May 19 and […]
CFE Reveals Commencement of Cash Tender Offer
(CFE, 19.May.2022) â ComisiĂłn Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States announced today that it commenced a tender offer (the “Offer“) to purchase for cash its 4.875% Notes due 2024 (the “2024 Notes“), 6.125% Notes due 2045 (the “2045 Notes“), 5.750% Notes […]
HIF Global and Uniper Ink Letter of Intent to Produce, Sell eFuels
(HIF Global, 19.May.2022) â HIF Global, HIF Chile and Uniper Global Commodities signed a Letter of Intent (the “eFuels LOI”) to negotiate binding offtake agreements for the sale and purchase of eFuels from the commercial plants under development in Magallanes, Chile. Pursuant to the eFuels LOI, HIF Global and Uniper will […]
SQM Reports Earnings of $796.1mn in 1Q:22
(SQM, 19.May.2022) â Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the three months ended 31 March 2022 of US$796.1 million (US$2.79 per share), an increase from US$68mn (US$0.26 per share) reported for the three months ended 31 March 2021. Gross profit reached US$1,164.7mn (57.7% of revenues) for the three months ended 31 […]
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) â Energy briefs including Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22 financial results; Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) reporting results from 10 new drill holes targeting the Tajitos – Copala resource area, at […]
NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal
(Energy Analytics Institute, 18.Apr.2022) â Energy briefs including Colombiaâs state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombiaâs Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]
Frontera Announces Annual and Special Meeting Results
(Frontera, 18.May.2022) â Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today. ELECTION OF DIRECTORS Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total […]
Frontera Releases Sustainability Report
(Frontera, 18.May.2022)Â â Frontera Energy Corporation (TSX: FEC) released its 2021 Sustainability Report, announced its 2022 environmental, social and governance (ESG) targets and reaffirmed its commitment to continue to develop and implement meaningful actions to strengthen its ESG performance across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: “I am […]
NG Energy Receives Initial Prepayment from the MarĂa Conchita Block
(NG Energy, 18.May.2022) â NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) received an initial advance payment for the first 15 days of production from the MarĂa Conchita block. Energy Transitions S.A.S E.S.P. and Plus + SAS ESP‘s  prepayment for the acquisition of 3.5 million standard cubic feet per day (MMSCFD) of gas […]
Citgo Reports 1Q:22 Net Income of $245mn
(Citgo, 17.May.2022) â Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and a loss of $(180)mn for the first quarter of 2021. Reliable operations and favorable market conditions enabled Citgo to generate EBITDA 1 of $518mn for the first quarter of 2022, compared […]
Chevron Sanctions Ballymore Project in Deepwater US GOM
(Chevron, 17.May.2022) â Chevron Corporation (NYSE: CVX) sanctioned the Ballymore project in the deepwater US Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform. âChevronâs US Gulf […]
US Moves to Ease a Few Economic Sanctions on Venezuela
(AP, 17.May.2022) â The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and the government of President NicolĂĄs Maduro. The limited changes will allow Chevron Corp to negotiate its licence with the state-owned […]
Invenergy Surpasses 30 Gigawatts as it Celebrates 20th Anniversary
(Invenergy, 17.May.2022) â Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, is celebrating a monumental milestone: the company has successfully developed over 30 gigawatts (GW) of clean energy generation projects over its 20-year existence, projects that generate enough energy to power nearly 10 million […]
Vivaris Capital and United Cities to Create Sustainable Net Zero Cities
(Vivaris Capital, 17.May.2022) â Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, signed a global facilitation agreement with United Cities (UCNA). Vivaris and UCNA will work together to develop sustainable real estate projects and to deploy climate technologies. UCNA’s mission is to support the UN-approved 2030 Sustainability […]
US to Ease Some Energy Sanctions on Venezuela
(CNN, 17.May.2022) â The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told CNN. The first step, to be announced on Tuesday, will allow Chevron — the last major US oil company still […]
Petrobras Announces Diesel Spill at Presidente Bernardes Refinery
(Petrobras, 17.May.2022) â Petrobras announces there was a diesel oil spill followed by a fire at the Presidente Bernardes Refinery (RPBC), located in the city of CubatĂŁo, in the state of SĂŁo Paulo. The site was immediately isolated and the refinery’s fire brigade team controlled the incident. There were no […]
Orvana’s Revises Guidance Due to Impacts on Orovalle Operation
(Orvana, 10.May.2022) â Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 31 March 2022 and announces revised guidance for fiscal year 2022 for the Orovalle operation to take into consideration the impacts caused by COVID-19 related absenteeism, delays in spare parts supply in Europe, the nationwide transportation strike […]
Rhyolite Identifies 3.5km of Gold in Guiana Shield
(Rhyolite Resources, 16.May.2022) â Rhyolite Resources Ltd. (TSXV: RYE) announced its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight […]
Venezuela Petroleum Chamber President Quintero on the Oil Sector
(Energy Analytics Institute, 16.May.2022) â Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed on Venezuela, state owned PetrĂłleos de Venezuela (PDVSA) and current production levels and potential to boost production over the short-term, Venezuelaâs potential to industrialize flared […]
Oxy Reveals Cash Tender Offers for Certain Senior Notes
(Oxy, 16.May.2022) â Occidental (NYSE: OXY) has commenced cash tender offers to purchase its outstanding notes listed in the tables below in three separate pools. Occidentalâs obligation to accept for purchase, based on the Acceptance Priority Levels (as defined below) set forth in the columns entitled âAcceptance Priority Levelâ in the […]
All On and Solstroem Ink Deal to Finance Technology Platform for Carbon Credits
(All On, 16.May.2022) â All On, a shell-funded impact investment company focusing on strengthening the off-grid energy markets in Nigeria, is pleased to announce an investment in the Danish technology company Solstroem. In doing so, All On matches a previous investment made by Persistent Energy Capital LLC into the company […]
Shell Joins Exxon with $1bn Brazil Exploration Setback
(Bloomberg, 16.May.2022) â Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo […]
NRGBriefs: Pampa EnergĂa Annual Report; Coho Trenching Starts
(Energy Analytics Institute, 16.May.2022) â Energy briefs including Argentine oil producer Pampa EnergĂa S.A. revealing its annual report for year-end 2021; and Touchstone Exploration saying that trenching has commenced at its Coho project. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentine oil producer Pampa EnergĂa S.A. revealed its annual rpt […]
Sempra Infrastructure and PGNiG Advance North American LNG Alliance
(Sempra, 16.May.2022) â Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and the Polish Oil & Gas Company (PGNiG) entered into a heads of agreement (HOA) for the purchase of approximately 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) delivered free-on-board from Sempra Infrastructure’s portfolio of LNG projects in North […]
Steel Dynamics Eyes Acquisition of a Mexican Metals Recycling Company Roca
(Steel Dynamics, Inc., 16.May.2022) â Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of Roca Acero S.A. de C.V. to be funded with available cash. Roca is headquartered […]
Bolsonaro Hints at Change in Petrobras’ Profit Distribution
(Reuters, 16.May.2022) â Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras‘ profit policy, cutting the percentage distributed to shareholders, as he looks to curb fuel price hikes ahead of the country’s October elections. In a speech during an event in Sao Paulo, Bolsonaro said […]
LNG Contracting Off to Fast Start in 2022 with More Than 10 mmtpa Signed
(WoodMac, 16.May.2022) â Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Wood Mackenzie principal analyst Daniel Toleman […]
Petrobras Ends Competitive Process for Sergipe-Alagoas Basin Concessions
(Petrobras, 13.May.2022) â Petrobras, following up on the release disclosed on 07/20/2018, informs that it has decided to conclude the current competitive process, which was in the binding phase, for the partial sale of four concessions located in deep waters in the Sergipe-Alagoas Basin (BM- SEAL-4, 4-A, 10 and 11), […]
CADE Approves Petrobras’ Sale of REMAN to Ream ParticipaçÔes S.A.
(Petrobras, 13.May.2022) â Petrobras, following up on the release disclosed on 03/10/2022, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the sale of Refinaria Isaac SabbĂĄ (REMAN) to Ream ParticipaçÔes S.A.. The final and unappealable approval of the transaction by CADE […]
CSI Compressco Reports Total Revenues of $80mn in 1Q:22
(CSI Compressco, 13.May.2022) â CSI Compressco LP (NASDAQ:Â CCLP) announced first quarter 2022 results. The operating results presented throughout this document include the operating results of Spartan Treating (as defined in our 10-K filed 14 Mar. 2022) due to the previously reported acquisition on 10 November 2021. As the Partnership and […]
NRGBriefs: Touchstone’s Strongest Quarter; JinkoSolar Files Form 20-F
(Energy Analytics Institute, 13.May.2022) â Energy briefs including Touchstone Exploration Inc‘s (AIM:TXP, TSX:TXP, OTC:PBEGF) President and CEO Paul Baay joining Katie Pilbeam to talk about one of the companyâs strongest quarters to date; and JinkoSolar Holding Co., Ltd. (NYSE:Â JKS) filing its annual report on Form 20-F for the fiscal year […]
Nucor Announces Executive Changes
(Nucor, 13.May.2022) â Nucor Corporation (NYSE: NUE) announced that MaryEmily Slate, Executive Vice President of Commercial, plans to retire due to health issues on 11 June 2022 after more than 21 years of service with Nucor. Ms. Slate began her career with Nucor in 2000 as District Sales Manager at Nucor Steel Arkansas. She […]
Mexican Gov’t Suspends Permit Granted to Vulcan in Mexico
(Vulcan Materials, 13.May.2022) â Vulcan Materials Company (NYSE:Â VMC), the nation’s largest producer of construction aggregates, provided an update with respect to its Mexican SAC TUN operations. Today, Vulcan Materials Company confirmed that the Mexican government has suspended the three-year customs permit granted in March 2022 to the Mexican subsidiary of the company […]
Guyanese Voice Fears Over True Cost of Exxonâs Oil Bonanza
(The Guardian, 12.May.2022) â Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyanaâs coast a âblessingâ that will earn billions of dollars for one of the poorest countries in the Caribbean, even as she recognises that pulling yet more fossil fuel from the ground will […]
Braskem Reports 1Q:22 Recurring EBITDA of $920mn
(Braskem, 12.May.2022) â Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q22. 1Q22 HIGHLIGHTS CONSOLIDATED In 1Q22, the company’s Recurring EBITDA was US$920mn, 19% lower than 4Q21, mainly due to: (i) the normalization of international spreads for main chemicals and resins in Brazil, for PP in the USA & Europe and for […]
Pampa Energia: 1Q:22 Results Boosted by Exports, Operating Performance
(Pampa EnergĂa S.A., 12.May.2022) â Pampa EnergĂa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the quarter ended on 31 March 2022. Pampa’s financial information adopts US$ as functional currency, and it is expressed in AR$ at […]
Great Panther Reports 1Q:22 Financials for Brazilian, Mexican Mines
(Great Panther, 12.May.2022) â Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) announces consolidated financial results for the three months ended 31 March 2022, from its three wholly-owned mines: the Tucano Gold Mine in Brazil, and Topia and the Guanajuato Mine Complex (“the GMC”) in Mexico, both primarily silver mines. “First quarter 2022 results were […]
Pan American Reveals Details of Annual General, Special Meeting
(Pan American Silver, 12.May.2022) â Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) reported the voting results from its annual general and special meeting of shareholders held 11 May 2022, in Vancouver, British Columbia. Each of the matters voted upon at the Meeting are described in detail in the company’s Management Information Circular dated 21 March 2022, […]