(Pan American Silver Corp., 5.May.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released its 2021 Sustainability Report, describing Pan American’s efforts and performance in the areas of environment, social and governance. A Spanish version of the report will be released soon. Highlights of Pan American’s 2021 sustainability performance include: Environment Reduced greenhouse […]
AES Gets Investment Grade Rating, Reaffirms 2022 Adj. EPS Guidance
(AES, 5.May.2022) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended 31 March 2022. Strategic Accomplishments With investment grade credit rating from Moody’s, attained investment grade ratings from all three major ratings agencies Signed or awarded 1.1 GW of PPAs for new renewable energy projects in the first […]
Unlikely Exxon Guyana to Sustain Production Target for 2027
(Energy Analytics Institute, Special Contributor Millan Arcia Einstein, 5.May.2022) — New hydrocarbon discoveries offshore Guyana, were announced last week totaling 31 so far. Exxon-Guyana claims resources around 11,000 million barrels (MMbbls), although as previously said, net crude oil recoverable reserves will ultimately be not far from the 4,400 to 3,100 […]
Murphy Reports 1Q:22 Net Loss of $113mn
(Murphy, 4.May.2022) — Murphy Oil Corporation (NYSE: MUR) announced its financial and operating results for the rst quarter ended 31 March 2022, including a net loss attributable to Murphy of $113mn, or $0.73 net loss per diluted share. Adjusted net income, which excludes discontinued operations and other one-o items, was […]
Petrobras to Invest $5.5bn in Extracting Activity in the Next Five Years
(Petrobras, 4.May.2022) — A Petrobras executive highlighted new discoveries in oil and gas during Bratecc meeting, a parallel event to the Offshore Technology Conference (OTC), in Houston (USA). The recent pre-salt oil discoveries, in the Central Alto de Cabo Frio and Aram areas, open up a scenario of new extraction […]
Ecopetrol on Sanction Imposed by ANLA Related to Poliducto Andino
(Ecopetrol, 4.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Agencia Nacional de Licencias Ambientales (ANLA) notified on 3 May 2022 through Resolution 881 that Ecopetrol had been declared responsible of undertaking during the construction phase of the hydrocarbon transportation Poliducto Andino project, works that were not covered […]
APA Corp. Reports 1Q:22 Production of 404,000 BOE/D
(APA Corporation, 4.May.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first-quarter 2022. APA reported net income attributable to common stock of $1.9bn, or $5.43 per diluted share. When adjusted for items that impact the comparability of results, most notably the gains on the closing […]
Petrobras Concludes Divestment of Bahia Terra Cluster
(Petrobras, 4.May.2022) — Petrobras, regarding the news published in the media, informs that it has concluded the new round of the sale process binding phase of the onshore production fields located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster. The consortium formed […]
Talos Energy Reveals 1Q:22 Results, Increases Borrowing Base
(Talos, 4.May.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2022 and the increase of its borrowing base under the company’s reserves-based lending (“RBL”) credit facility as part of its semi-annual redetermination process. Key Highlights: Production of 63.2 thousand barrels of oil […]
Ecopetrol and Petrobras spud Uchuva-1 Well offshore Colombia
HOUSTON, TEXAS (Energy Analytics Institute, 4.May.2022) — State oil companies Ecopetrol and Petrobras spud the Uchuva-1 well offshore Colombia’s Caribbean coast in the Tayrona Block. Uchuva-1 will test the hydrocarbon structure located offshore La Guajira and investigate exploration potential in a new area, Bogotá-based Ecopetrol announced 4 May 2022 in […]
Höegh LNG Inks Two FSRU Deals in Germany
(Höegh LNG, 4.May.2022) — Höegh LNG Holdings Ltd. signed binding implementation agreements with the German Federal Ministry for Economic Affairs and Climate Action to charter out two FSRUs from its fleet for operations in Germany for 10 years. The detailed FSRU contracts are scheduled to be completed by September/October, and […]
NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico
(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing over $6mn in additional humanitarian assistance to support Venezuelan refugees and migrants, and their host communities in Chile; and US Department of State Assistant Secretary […]
Marathon Oil Reports 1Q:22 Net Income of $1.3bn
(Marathon, 4.May.2022) — Marathon Oil Corporation (NYSE:MRO) reported first quarter 2022 net income of $1,304mn, or $1.78 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The adjusted net income was $749mn, or $1.02 per diluted share. Net operating cash […]
Talos, Carbonvert and Chevron Propose JV to Enhance a CCS Project
(Talos, 3.May.2022) — Talos Energy Inc. (NYSE: TALO), through its Talos Low Carbon Solutions division, Carbonvert, Inc. and Chevron U.S.A., Inc., through its Chevron New Energies division, announced a memorandum of understanding (MOU) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration (CCS) hub […]
Livent Reports 1Q:22 Revenue of $143.5mn
(Livent Corporation, 3.May.2022) — Livent Corporation (NYSE: LTHM) reported results for the first quarter of 2022. Revenue was $143.5mn, up 17% from the fourth quarter of 2021 and 56% higher compared to the prior year. Reported GAAP net income was $53.2mn, 609% higher than the previous quarter, and 28 cents per diluted share. Adjusted EBITDA was $53.3mn, […]
Iranian Oil Minister Meets Venezuela’s President Maduro in Caracas
(AFP, 3.May.2022) — Iran’s oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to “overcome” the effects of US sanctions against both nations, officials said. “I received His Excellency Javad Owji, Oil Minister of the sister Islamic Republic of Iran,” Maduro […]
TTNGL Releases 2021 Annual Report
(TTNGL, 3.May.2022) — ‘Successful, Steadfast, Secure’ is a fitting theme for the TTNGL Annual Report 2021 as the Company’s financial performance reflect a major uplift of 373.6% in profit after tax over 2020 (excluding impairment reversal). The report, which was published to TTNGL’s website on 30 April 2022, shows that […]
Frontera Reports 1Q:22 Net Income of $102.2mn
(Frontera, 3.May.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 31 March 2022. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continued to deliver strong performance results […]
ESC Partners and ENCO Utility Services Join Forces
(ESC Partners, 3.May.2022) — ESC Partners, premier choice for collaborative Smart City and Utility Transformation projects, is excited to announce its strategic partnership with ENCO Utility Services, a turnkey provider of bundled utility services for 150+ municipal and private utilities. ENCO, the leading provider of customer and utility services in the […]
Ecopetrol to Release 1Q:22 Results, Hold Quarterly Calls
(Ecopetrol, 3.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 10 May 2022, after market close, it will release its financial and operating results for the first quarter 2022. On Wednesday, 11 May 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and the […]
Venezuela and Iran to Deepen Oil and Defense Ties
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss deepening bilateral cooperation mechanisms between both countries in the oil and defense sectors. The ministers also reviewed different opportunities for bilateral cooperation in the petrochemical […]
Dell Technologies Solar Community Hubs Bring Technology to Remote Communities
(Dell Technologies,2.May.2022) — Dell Technologies (NYSE:Dell), in partnership with Computer Aid, Intel and Microsoft, announced its Solar Community Hubs strategy, marking an evolution in its established Solar Learning Labs program. Moving beyond technology access for education alone, the hubs improve access to technology, healthcare and workforce skills for communities in remote areas around the world. […]
NRGBriefs: FMC LatAm Sales; Rig Mobilized in Suriname
(Energy Analytics Institute, 2.May.2022) — Energy briefs including FMC Corp.’s LatAm sales rising 31% YOY in 1Q:22 “driven by robust volume growth in soybean, corn and sugarcane as well as price rises and a 6% currency tailwind”; Enel Américas (NYSE: ENIA) filing its 2021 annual report on Form 20-F w/ the […]
Argentina Lithium Delineates Potential Extent of Aquifers at Rincon West
(Argentina Lithium, 2.May.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) announces the completion of geophysical surveys at its Rincon West lithium project in Salta Province, Argentina. The results of these deep-seeking geophysical studies expand the potential extent of conductive brine aquifers at the project and will be used […]
Livent to Double its Ownership Stake in Nemaska Lithium to 50%
(Livent Corp., 2.May.2022) — Livent Corporation (NYSE: LTHM) announced that it has agreed to double its ownership interest to 50% in Nemaska Lithium Inc., a fully integrated lithium hydroxide development project located in Québec, Canada. Livent will issue 17,500,000 shares of its common stock to The Pallinghurst Group and its investors […]
FMC Corp. Reports 1Q:22 Results, 31% Y-O-Y Rise in LatAm Sales
(FMC Corp., 2.May.2022) — FMC Corporation (NYSE: FMC) reported first quarter 2022 revenue of $1.35bn, an increase of 13 percent versus first quarter 2021, driven by strong demand and global pricing actions. Excluding a 3 percent headwind from foreign exchange, year-over-year sales grew 16 percent organically. On a GAAP basis, the company reported […]
Astra Drills Multiple Gold Intercepts at Pampa Paciencia Project, Chile
(Astra Exploration, 2.May.2022) — Astra Exploration Inc. (TSXV: ASTR) provided results from the first 11 of 30 completed drill holes at the Pampa Paciencia gold-silver project in northern Chile. PPRC-22-12: 14.48 grams per tonne (g/t) gold and 39.7 g/t silver over 3 metres downhole (mDH) within a broader zone of 2.71 g/t […]
Agnico Eagle Reveals Acceptance by TSX of Normal Course Issuer Bid
(Agnico Eagle Mines Limited, 2.May.2022) — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) received approval from the Toronto Stock Exchange (the “TSX”) of Agnico Eagle’s notice of intention to make a normal course issuer bid (the “NCIB”). Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at […]
Avino Grants Option to Endurance Gold to Acquire Olympic Claims
(Avino Silver, 2.May.2022) — Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) announced that in line with its strategic plans to become an intermediate producer in Mexico, the company has granted Endurance Gold Corporation (EDG – TSX.V; ENDGF – OTC Pink; 3EG – Berlin Open Market, or “Endurance”) […]
Noble Reports 1Q:22 Results, Revenue Backlog of Approximately $1.9bn
(Noble, 2.May.2022) — Noble Corporation (NYSE: NE) reported first quarter 2022 results. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated “Our strong operational performance, highlighted by the successful commencement of operations for the Noble Gerry de Souza in Suriname, coupled with significant contracting success across the fleet, sets the stage […]
Guyana Aims to Avoid Oil Curse by Spending on Health and Education
(FT.com, 2.May.2022) —The president of Guyana, the world’s fastest-growing economy, is inviting investors to back his ambitious vision to transform the small South American country into a regional health, education and transport hub with the help of burgeoning oil wealth. “We’re investing tremendously in healthcare. and we’re investing heavily in […]
Coterra Energy Reports 1Q:22 Results, Announces Quarterly Dividend
 (Coterra, 2.May.2022)  Coterra Energy Inc. (NYSE: CTRA) reported first-quarter 2022 financial and operating results. On October 1, 2021, Coterra announced that the merger involving the company, which was formerly named Cabot Oil & Gas Corporation, and Cimarex Energy Co., was completed. Referenced results for the three months ended 31 March 2021 reflect only legacy Cabot. Referenced […]
TechnipFMC adds additional contract for Yellowtail development
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.May.2022) — TechnipFMC has been awarded an additional contract and received notice to proceed by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced significant(1) flexibles contract covers 6 risers which […]
Petrobras Starts Production from FPSO Guanabara in the Mero Field
(Petrobras, 2.May.2022) — Petrobras informs that, on 30 April 2022, it started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field, in the Santos Basin pre-salt. The platform, an FPSO (floating unit for the production, storage, and transfer of oil and […]
New Gold Reports 1Q:22 Results
(New Gold, 2.May.2022)  New Gold Inc. (TSX: NGD) (NYSE: NGD) reports first quarter results for the company as of 31 March 2022. The company will host a conference call and webcast today at 8:30 am Eastern Time to discuss the first quarter consolidated results (details are provided at the end of this news release). Consolidated […]
Libra Consortium Starts Production at Mero Field’s FPSO Guanabara
(Shell Brasil, 2.May.2022) — Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, announces the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. The FPSO Guanabara, which while under construction was also known as Mero-1, has an installed capacity of 12 million cubic […]
Hunt Oil on Solicitation for its 6.375% Senior Notes
(Hunt Oil, 2.May.2022) — Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) received the consents necessary to effect the Amendments to the indenture governing its 6.375% Trust Enhanced Senior Notes due 2028 (CUSIP Nos.: Rule 144A: 445640 AB1, Regulation S: P5300P AB9), (ISINs: Rule 144A: US445640AB18, Regulation S: […]
Ecopetrol on Divestment of Inversiones de Gases de Colombia S.A.
(Ecopetrol, 2.May.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that in the board meeting held on 29 April 2022, the board of directors authorized the divestment of its entire ownership in Inversiones de Gases de Colombia S.A. (Invercolsa), which corresponds to an equity stake of 51.8%. Such divestment is subject to […]
Maersk Drilling Awarded Additional Three-well Contract with Aker BP
(Maersk Drilling, 2.May.2022) — Maersk Drilling secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of […]
Venezuelan Workers Celebrate May Day with President Maduro
(Energy Analytics Institute, 1.May.2022) — Venezuelan workers from across various sectors together with workers from the still important petroleum sector marched to Miraflores Presidential Palace in Caracas to celebrate international workers’ day together with President Nicolás Maduro. Simultaneous mobilizations also took place in other states across the OPEC country including […]
NRGBriefs: May Day Celebrations, No Expropriations Expected
(Energy Analytics Institute, 1.May.2022) — Energy briefs including Trinidad and Tobago’s Prime Minister Keith Rowley and Minister of Energy and Energy Industries Stuart Young visiting Washington, DC to discuss regional energy matters; May Day (1 May) celebrations taking place across the Latin America and the Caribbean (LAC) region but no […]
ConocoPhillips Announces Executive Leadership Changes
(ConocoPhillips, 2.May.2022) — ConocoPhillips (NYSE: COP) announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective 1 May 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with […]
Mexico Opposition Party Pitches Free Solar Panels for Housing
(Reuters, 1.May.2022) — Mexico’s biggest opposition party on Sunday proposed installing solar panels for free onto residential housing, staking out its renewable energy credentials as it seeks to challenge the ruling party of President Andres Manuel Lopez Obrador. Marko Cortes, leader of the center-right National Action Party (PAN), said the […]
NRGBriefs: Guyana’s GDP Growth
(Energy Analytics Institute, 30.Apr.2022) — Energy briefs including rising production and robust oil prices to aid Guyana’s gross domestic product growth in coming years. LATIN AMERICA AND THE CARIBBEAN Guyana — Rising production and robust oil prices will aid Guyana’s GDP growth. The country’s GDP will be the highest in […]
Brazil Chemical Maker Unigel Interested in Petrobras’ Fertilizer Project
(Reuters, 29.Apr.2022) — Brazilian chemical maker Unigel is interested in purchasing a fertilizer project from Brazilian state-run oil company Petrobras in the state of Mato Grosso do Sul, its chief executive told Reuters on Friday. The operation of the unit, whose capacity as designed by Petrobras was 3,600 tonnes per […]
Terna Sells LatAm Transmission Activities to CDPQ for Over €265mn
(Caisse de dépôt et placement du Québec, 29.Apr.2022) — Terna S.p.A., Terna Plus S.r.l. and Terna Chile S.p.A. (collectively “Terna Group”) today signed an agreement with CDPQ, a global investment group, for the sale of 100% of Terna Group’s portfolio of power transmission assets in Brazil, Peru and Uruguay, for an equity value of […]
Colombia’s ANH Imposes $4,550 Sanction on Ecopetrol
(Ecopetrol, 29.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) it received notification in the Resolution No. 315 of 26 April 2022 that it was being sanctioned for an amount equivalent to four thousand five hundred and fifty dollars (US$4,550) by the Agencia Nacional de Hridorcarburos (ANH by its Spanish acronym). The sanction is […]
Chevron Reports 1Q:22 Results, Ups Guidance for Permian Basin
(Chevron, 29.Apr.2022) — Chevron Corporation (NYSE: CVX) reported earnings of $6.3bn ($3.22 per share – diluted) for first quarter 2022, compared with $1.4bn ($0.72 per share – diluted) in first quarter 2021. Included in the current quarter were pension settlement costs of $66mn. Foreign currency effects decreased earnings by $218mn. […]
Vaca Muerta Drilling Slated for Argentina’s Mata Mora Norte Area
(Energy Analytics Institute, 29.Apr.2022) — Argentina’s Ministry of Energy and Natural Resources for the Province of Neuquén visited with Phoenix Global Resources together with Gas y Petróleo del Neuquén S.A. to discuss activities related to the unconventional exploitation of the Vaca Muerta formation in the Mata Mora Norte area. During […]
Agnico Eagle Reveals Election of Directors
(Agnico Eagle Mines Limited, 29.Apr.2022) — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) announced that, at the annual and special meeting of shareholders held on 29April 2022, each of the 12 nominees listed in the management information circular dated 21 March 2022, were elected as directors of Agnico Eagle. Detailed results of the […]