PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 29.Apr.2022, Words: 108) — The purpose for upgrading Venezuela’s heavy and extra-heavy crude oil (EHCO) is to achieve substantial changes in values that determine the quality of the oil. Such changes include: increasing the API value; reducing viscosity; reducing the content […]
Sempra Releases 2021 Corporate Sustainability Report
(Sempra, 29.Apr.2022) — Sempra (NYSE: SRE) (BMV: SRE) released its 2021 Corporate Sustainability Report highlighting the company’s sustainable business practices in support of its five-year, $36bn capital plan to advance new investments in critical energy infrastructure. “As the owner and operator of one of North America’s largest energy networks, we have a critical role to play […]
Petrobras Increases Natural Gas Prices to Distributors by 19%
(Reuters, 29.Apr.2022) — Brazil’s state-run oil company Petrobras said on Friday it will increase natural prices for distributors in the country by an average 19% starting May 1. According to Petrobras, the adjustment follows the updating of formulas agreed with distributors, based on the variation of gas prices, Brent oil […]
Bristow to Buy British International Helicopter Services Limited
(Bristow, 29.Apr.2022) — Bristow Group Inc. (NYSE:VTOL) announced its plans to acquire British International Helicopter Services Limited (BIH), further enhancing its leading global Government Services business. Bristow will continue to build upon BIH’s strong relationships established through a longstanding history of serving both military and civilian markets. Bristow expects to […]
Subsea 7 Awarded Contract Offshore West Africa
(Subsea 7, 29.Apr.2022) — Subsea 7 announced the award of a substantial(1) contract for the engineering, procurement, installation, and commissioning of flowlines and umbilicals, offshore West Africa. Project management and engineering has commenced with offshore operations scheduled to take place from H1 2024. No further details are disclosed at this time […]
NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Apr.2022, Words: 451) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana
Exxon Mobil CEO Darren Woods on 1Q:22 Results – Earnings Transcript
(Seeking Alpha, 29.Apr.2022) — Exxon Mobil Corporation (NYSE:XOM) Q1 2022 Earnings Conference Call 29 April 2022 9:30 AM ET. Company Participants Jennifer Driscoll – VP IR Darren Woods – Chairman and Chief Executive Officer Kathy Mikells – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gresh – […]
![Exxon Releases 1Q:22 Earnings Overview [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/ExxonMobil.jpg)
Exxon Releases 1Q:22 Earnings Overview [PDF Downloads]
(Exxon, 29.Apr.2022) — ExxonMobil announced that it earned $5.5bn in first quarter 2022; generated $14.8bn of cash flow from operating activities, more than covering capital investment and shareholder distributions. Other highlights follow: Earnings excluding identified items were $8.8bn, an increase of more than $6bn versus the first quarter of 2021, […]
Maersk Drilling Awarded One-well Extension in the Dutch North Sea
(Maersk Drilling, 29.Apr.2022) — ONE-Dyas B.V. exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of […]
SilverCrest’s Las Chispas Construction Update – Commissioning for 2Q:22
(SilverCrest Metals, 29.Apr.2022) — SilverCrest Metals Inc. provided an update on construction activities at the company’s Las Chispas Project located in Sonora, Mexico. All currency amounts herein are presented in United States Dollars, unless otherwise stated. Highlights Commissioning On Schedule for Q2, 2022 – At the end of the first quarter of 2022 (“Q1, […]
Aker Horizons ASA: 1Q:22 Results
(Aker Horizons, 29.Apr.2022) — Aker Horizons ASA (OSE: “AKH”), a developer of green industrial projects and technologies that accelerate the net zero transition, today announced its financial results for the three months ended 31 March 2022. The company’s Net Asset Value (“NAV”) rose to NOK 17.0bn in the first quarter of 2022 from NOK […]
Yes Energy Announces Significant Investment from Accel-KKR
(Yes Energy,m 28.Apr.2022) — Yes Energy, a leader in North American energy market data, today announced a significant investment from Accel-KKR, a leading technology-focused, private equity firm. With this investment, Yes Energy will accelerate investment in its best-in-class power market data and product suite in order to serve its rapidly expanding market, and […]
QatarEnergy Awards Final Major North Field East Project EPC Contract
(QatarEnergy, 28.Apr.2022) — Marking the final major milestone to deliver its North Field East (NFE) LNG Expansion Project to boost Qatar’s LNG production capacity to 110 million tons per annum (MTPA), QatarEnergy announced today the award of a major engineering, procurement, and construction (EPC) contract for the North Field Expansion […]
Clorox Inks Second 12-year Renewable Energy Agreement
(The Clorox Company, 28.Apr.2022) — The Clorox Company (NYSE: CLX) signed a 12-year, 47-megawatt virtual power purchase agreement (VPPA) with Enel Green Power North America to purchase renewable electricity beginning in 2023. This deal supports its commitment to 100% renewable electricity for its US and Canada operations, one of Clorox’s environmental, social and governance goals […]
Enel Chile Files its 2021 Annual Report on Form 20-F
(Enel Chile, 28.Apr.2022) — Enel Chile (NYSE: ENIC) announced that it filed its 2021 annual report on Form 20–F with the US Securities and Exchange Commission (SEC) on 28 April 2022. Enel Chile is an integrated utility company engaged in the electricity generation, distribution, and services businesses in Chile through Enel Generación Chile S.A., […]
Petrobras on the Sale of its Stake in Deten
(Petrobras, 28.Apr.2022) — Petrobras, following up on the release disclosed on 04/27/2021, informs that today it signed a contract with Cepsa QuÃmica S.A. for the sale of its entire stake (27.88%) in Deten QuÃmica S.A (Deten), located in the industrial complex of Camaçari, in the state of Bahia. Cepsa QuÃmica […]
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]
Petrobras on UFN III Sale Process
(Petrobras, 28.Apr.2022) — Petrobras, following up on the release disclosed on 02/21/2020 and 02/04/2022, informs that sale process of 100% of its Nitrogen Fertilizer Unit III (UFN-III), located in the city of Três Lagoas, Mato Grosso do Sul, with the Russian group Acron hasn’t been concluded, considering that the business […]
Braskem and Lummus Partnership: the Next Chapter for Green Ethylene Technology
(Braskem, 28.Apr.2022) — Braskem S.A. (B3: BRKM3, BRKM5, and BRKM6;NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, and Lummus Technology, a global provider of process technologies and value-driven energy solutions, have formed a […]
Equinox Gold Reports Drill Results from the Bahia Belt in Brazil
(Equinox Gold, 28.Apr.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announced positive drill results from 2021 exploration drilling in the 70-km-long greenstone belt in Bahia State, Brazil that hosts the company’s 100%-owned Fazenda and Santa Luz gold mines (“Bahia Belt”). Exploration has identified multiple near-mine and regional discoveries that highlight growth […]
CNOOC Reveals 1Q:22 Results after A Share Listing, Declares Special Dividend
(CNOOC, 28.Apr.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced its results for the first quarter of 2022. For the first quarter of 2022, the company seized the opportunity of oil price recovery to continue to increase its reserves and production, and actively promoted the green energy transition. Measures to reduce costs […]
Back to Mexico’s Statist Energy Future
(Forbes, 28.Apr.2022) — An ambitious effort to definitely steer Mexico back to a statist energy future was narrowly defeated this last week, leaving its energy sector still officially open to the private sector but largely unattractive to all but the most speculative investors. More than half of Mexico’s lower chamber […]
![Repsol Posts 1Q:22 Net Income of €1.392bn [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/05/53431_repsol-sede-cerca.jpg)
Repsol Posts 1Q:22 Net Income of €1.392bn [PDF Downloads]
(Repsol, 28.Apr.2022) — Repsol‘s integrated business model and management in line with its Strategic Plan have allowed it to post a net result of €1.392bn, taking advantage of the improved economic context compared to the first quarter of 2021 that was still influenced by the global pandemic. Other 1Q:22 highlights: Adjusted net income, […]
HIF Global Selects Matagorda County, Texas for eFuels Facility
(HIF Global, 28.Apr.2022) — HIF Global, in partnership with Texas Governor Greg Abbott, the Matagorda County Economic Development Corporation, and various community partners, announced its selection of Matagorda County as the location of its first industrial-scale eFuels facility in North America. When the HIF Matagorda eFuels facility is fully operational, HIF anticipates producing approximately 200 million […]
Petrobras Highlights Its 1Q:22 Production and Sales
(Petrobras, 27.Apr.2022) — In 1Q22, Petrobras kept a solid operating performance, with average oil, NGL and natural gas production reaching 2.80 MMboed, 3.4% above 4Q21. This result was achieved mainly due to the continuity of the ramp-ups of FPSOs Carioca (Sépia field) and P-68 (Berbigão and Sururu fields), located in […]
Petrobras on Receiving Sépia Compensation
(Petrobras, 27.Apr.2022) — Petrobras received, at sight, the amount of R$14.55bn from TotalEnergies EP Brasil Ltda., Petronas Petróleo Brasil Ltda. and QP Brasil Ltda., related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%), TotalEnergies (28%), Petronas (21%) and […]
Petrobras on the Sale of the Albacora Leste Field
(Petrobras, 27.Apr.2022) — Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar […]
Staatsolie and Chevron Ink PSC for Suriname Shallow Offshore Block 7
(Staatsolie, 27.Apr.2022) — Staatsolie Maatschappij Suriname N.V. expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for this purpose on 26 April 2022. With the signing of the Production Sharing Contract (PSC), Chevron, with an eighty percent participating interest, has obtained exploration, […]
Petrobras on Atapu and Sepia Contracts
(Petrobras, 27.Apr.2022) — Petrobras signed the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda. (22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Sepia, […]
Suburban Propane Announces the Commercial Launch of Propane+rDME
(Suburban Propane Partners, 27.Apr.2022) — Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable energy, and related products and services today announced the commercial launch of Propane+rDME. This exciting new product combines clean, versatile and abundantly available propane with the renewable, low carbon benefits of renewable dimethyl ether […]
![Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/Hess-.png)
Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]
(Hess, 27.Apr.2022) — Hess Corporation (NYSE: HES) reported net income of $417mn, or $1.34 per share, in the first quarter of 2022, compared with net income of $252mn, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the corporation reported net income of $404mn, or […]
US DOE Approves Golden Pass and Magnolia LNG Export Projects
(LNG Allies, 27.Apr.2022) — The US Department of Energy (DOE) approved the requests from two US LNG export project sponsors to increase the volume of US natural gas that can be exported from their facilities: Golden Pass LNG in Sabine Pass, Texas, was authorized to increase the volume of its […]
Antero Resources Reports 1Q:22 Results
(Antero, 27.Apr.2022)  — Antero Resources Corporation (NYSE: AR) announced its first quarter 2022 financial and operating results. The relevant consolidated financial statements are included in Antero Resources’ Quarterly Report on Form 10-Q for the quarter ended 31 March 2022. First Quarter 2022 Highlights Include: Net production averaged 3.2 Bcfe/d, including 160 MBbl/d of liquidsRealized […]
Guyanese Crude Cargo Bought by Exxon Sets Sail for Europe -Data
(Reuters, 26.Apr.2022) — A tanker carrying Guyana’s first share of oil from a recently inaugurated floating production facility has set sail for Rotterdam, tanker monitoring data showed on Tuesday. South America’s newest crude producer, which has secured billions of dollars in investment from an Exxon Mobil, Hess Corp and China […]
Argentina Seeking $10bn Investment to Jump-Start LNG Exports, Minister Says
(Reuters, 27.Apr.2022) — Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump start exports of liquefied natural gas (LNG) by 2027, economy minister Martin Guzman said on Wednesday. Argentina is home to the huge Vaca Muerta formation, […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartÃn Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]
Heritage Commences Tender Offer Trinidad Petroleum’s 9.75% Senior Notes due 2026
(Heritage Petroleum, 27.Apr.2022) — Heritage Petroleum Company Limited, a limited liability company organized under the laws of the Republic of Trinidad and Tobago, commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s Offer to Purchase and Consent Solicitation Statement dated 27 April […]
Shell Inks Production Sharing Contract for Atapu Field in Brazil
(Shell, 27.Apr.2022) — Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, signed the Production Sharing Contract (PSC) to formally acquire a 25 percent stake of the Atapu field. Shell paid $ 1.1bn to Petrobras for the increased stake in the field. With the contract now signed, Shell will start […]
Repsol Commences Producing Electricity at Jicarilla 2, its First Solar Plant in the US
(Repsol, 27.Apr.2022) — Repsol started producing electricity at its first photovoltaic plant in the United States, called Jicarilla 2, in the state of New Mexico. The facility, located on Jicarilla Apache Nation lands in Rio Arriba County, has a total installed capacity of 62.5 megawatts (MW). Jicarilla 2 will be able […]
NRGBriefs: Exxon Announces Three New Finds Offshore Guyana
(Energy Analytics Institute, 26.Apr.2022) — Energy briefs including Exxon announcing three new discoveries offshore Guyana, adding to two discoveries earlier in 2022; details regarding resolutions adopted by the shareholders at the annual general ordinary and extraordinary shareholders’ meeting of Vista Oil & Gas, S.A.B. de C.V. in Mexico; and Transportadora […]
Great Panther Reveals Updated Mineral Estimates for Tucano Gold Mine
(Great Panther, 26.Apr.2022) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL), a growth-oriented precious metals producer focused on the Americas, reports Mineral Resource and Mineral Reserve Estimates (the “2021 MRMR”) for the Tucano Gold Mine in Brazil. The estimates were prepared in accordance with National Instrument 43-101 – Standards of […]
FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional pipeline and opportunities of 6.8 GW. Project Highlights: BerlevÃ¥g – Norway Green ammonia production to provide shipping industry and off-grid […]
Ecopetrol Files its Form 20-F for FY 2021
(Ecopetrol, 26.Apr.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2021, with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F, the company complies with its reporting obligations […]
Aker Clean Hydrogen: 1Q:22 Results
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen published the results for the first quarter of 2022, during which the company advanced the maturing of its clean hydrogen projects in Norway and internationally. Key developments included: Announcing a merger plan with Aker Horizons to strengthen the integration of hydrogen production with downstream […]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional multibillion barrel unrisked exploration potential. Hess has a 30 percent interest; ExxonMobil is […]
Local Consortium in Guyana Wins Multi-Million Dollar Contract With ExxonMobil
(CMC, 26.Apr.2022) — A consortium has been awarded a multi-million dollar contract to support future construction activities of the US-based oil giant, ExxonMobil. NRG Holdings, a consortium of three local entrepreneurs, in collaboration with Jan De Nul, an international maritime infrastructure company, will design and build an 85 percent Guyanese-owned […]
ExxonMobil increases Stabroek resource estimate to nearly 11 billion barrels
(Exxon, 26.Apr.2022) — ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in […]
Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate
(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries […]
Petrobras Receives R$4.7bn from Total Energies EP Brasil Ltda. for Atapu
(Petrobras, 26.Apr.2022) — Petrobras, following up on the release disclosed on 19 April 2022, informs that it received today, at sight, the updated payment of R$ 4.7bn from Total Energies EP Brasil Ltda. – TotalEnergies, referring to the 22.5% share in the Atapu compensation. The Atapu block was acquired by […]
Ecopetrol Comments on Elections in Colombia, Uncertainties
(Energy Analytics Institute, 26.Apr.2022) — Colombia’s state-owned Ecopetrol commented on the electoral process and Colombia in its Form 20-F filed this week with the US SEC, and highlighted uncertainties regarding future policies. — “The Colombian parliamentary elections were held on March 13, 2022, with more than 99% of votes counted, results […]