(Lithium South Development Corporation, 26.Apr.2022) â Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced initiation of a resource expansion drill program at the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. The company has retained Servicios Geologicos of Salta, Argentina, to conduct a 2,000-meter core hole drill […]
Aker and Statkraft to explore green hydrogen and ammonia in India and Brazil
(Aker Horizons, 26.Apr.2022, Words: 617) â Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, targeting local steel and fertilizer industries. The collaboration brings together Aker Clean Hydrogen, a global integrated hydrogen, ammonia […]
Environmental Lawyer Targeted by Chevron Freed from Under House Arrest
(Gizmodo, 26.Apr.2022) â Â After 993 days, Steven Donziger is finally free. On Monday, the embattled lawyer, who has been targeted by Chevron for years in a Kafka-esque court struggle, finished a six-month sentence, which came on the heels of more than two years under house arrest in his Manhattan apartment. […]
New Contract in Angola for Seadrill Joint Venture
(Seadrill, 25.Apr.2022) â Seadrill Limited announced a new contract has been secured by Sonadrill Holding Ltd, Seadrillâs 50:50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value […]
YPF Reports Higher Production, Revenues and Operating Profit
(Energy Analytics Institute, 20.Apr.2022) â Argentina’s state-owned oil giant YPF Sociedad AnĂłnima reported total production of 470 thousand equivalent barrels per day (Mboe/d) in 2021, up 1% versus 467 Mboe/d in 2020. In 2021, YPF produced 211 Mb/d of oil, 34 Mb/d of NGLs and 1,260 million cubic feet per […]
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) â Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a âbalance of payments crisis this year âabsent significant reforms and economic recovery,â Caribbean Region Economist Marla Dukharan wrote 25 April 2022 […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) â Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]
US Ditches Trump-era Policies for Alaska Oil Reserve
(Reuters, 25.Apr.2022) â The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management, part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 […]
Arrow Exploration Updates On Exercise of Warrants, Voting Rights
(Arrow Exploration, 25.Apr.2022) â Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 240,000 new common shares of no par value. Further, the company has identified that prior to its admission to […]
Aker Horizons Enters JV with Nordkraft to Develop Sites for Power-Intensive Industries
(Aker Horizons, 24.Apr.2022) â Aker Horizons ASA (OSE: “AKH”), through its wholly-owned subsidiary Aker Narvik AS, announced the agreement to establish a joint venture with Nordkraft AS to develop sites for power intensive-industries in Northern Norway. The venture is part of Aker Horizonsâ project to establish a green industrial hub […]
NRGBriefs: Macron Wins Reelection; Peruvians to Defend Elections
(Energy Analytics Institute, 24.Apr.2022) â Energy and political briefs including Emmanuel Macron winning Franceâs second round presidential run off against Marine Le Pen; and ~68% of Peruvian citizens defending the need to anticipate presidential and legislative elections as a way out of the countryâs political crisis. EUROPE France — Emmanuel […]
Guyana Reports First Entitlement Lift from Liza Unity FPSO
(DPI, 23.Apr.2022) â The Government of Guyana will be receiving its first entitlement lift of the Unit Gold crude from the Liza Unity Floating Production Storage and Offloading (FPSO) production platform during the period of April 23rd to 24th. The usual lifting entitlement amount of one million barrels of oil (1 […]
NRGBriefs: Argentinaâs Finance Minister MartĂn GuzmĂĄn Meets with IMF Executive
(Energy Analytics Institute, 23.Apr.2022) â Energy and financial briefs including Argentinaâs Finance Minister MartĂn GuzmĂĄn holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath; and between 82% and 96% of the entire Venezuelan population is said to not have access […]
Exxon Ban on LGBTQ Pride Flag Triggers Employee Backlash
(Bloomberg, 22.Apr.2022) â Exxon Mobil Corp. plans to prohibit the LGBTQ-rights flag from being flown on the corporate flagpole outside its offices during Pride month in June, prompting a furious backlash from Houston-based employees. Exxon updated company guidance on what flags can be displayed outside its offices, banning âexternal position […]
Greenfield Offers Energy Decommissioning for the Rocky Mountains
(Greenfield, 22.Apr.2022) â Greenfield Environmental Solutions, a decommissioning services provider for the energy sector, announced today the commencement of plugging and abandonment (“P&A”) operations in the Rocky Mountains region, including Colorado, New Mexico, Utah and Wyoming as well as the Williston Basin region in North Dakota and Montana. Greenfield is an end-to-end solutions provider for plugging and abandonment services to the […]
EAI brief analysis: Venezuelaâs Faja contains 1,360 billion barrels of OOIP
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 22.Apr.2022, Words: 130) â Venezuela is home to the Hugo ChĂĄvez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil in place (OOIP) estimated at 1,360 billion barrels, making it the worldâs largest accumulation of heavy and extra-heavy […]
Third Coast Announces First Oil From the King’s Quay Floating Production System
(Third Coast, 22.Apr.2022) â Third Coast Super Holdings, LLC announced that the King’s Quay Floating Production System achieved first oil from the Khaleesi, Mormont and Samurai fields on 12 April 2022. Third Coast owns 50% of King’s Quay FPS, which is also owned in part by entities managed by Ridgewood Energy Corporation, including ILX […]
NRGBriefs: Mexico’s Preliminary March 2022 Production Details
(Energy Analytics Institute, 22.Apr.2022) â Energy briefs including preliminary production figures from Mexico for March 2022 including 1.625 MMb/d of oil, according to the National Hydrocarbon Commission. LATIN AMERICA AND THE CARIBBEAN Mexico — Mexicoâs preliminary production figures for Mar. 2022 included: oil (1.625 MMb/d), condensate (0.209 MMb/d) and natural […]
Trinidad’s PM Issues Statement on the Status of Interception by the State
(Office of the PM of Trinidad and Tobago, 22.Apr.2022) â Trinidad and Tobagoâs Prime Minister Keith Rowley issued a statement on the status of interception by the state. Madame Speaker, I have been authorized by the Cabinet to make the following statement. This statement concerns matters of national security, which […]
Colombia Judge Orders Suspension of Fracking Pilot Project
(Reuters, 21.Apr.2022) â A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing – or fracking – pilot project, on the grounds that local communities were not properly consulted. Colombia’s majority state-owned oil company Ecopetrol and partner U.S. oil major Exxon […]
CEMEX Supplies Low-carbon VertuaÂź Concrete for New San Diego State University Stadium
(CEMEX, 21.Apr.2022) â CEMEX USA is supporting the construction of San Diego State University‘s (SDSU) new Snapdragon Stadium, supplying the company’s low-carbon concrete, VertuaÂź, and other sustainable mixes for the new state-of-the-art, 35,000-seat, multi-use facility in San Diego, Calif. General contractor Clark Construction Group broke ground on the stadium in August 2020 with Pacific Southwest Structures, […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) â Venezuelaâs oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood Mackenzie analyst Marcelo De Assis and Elen Simonyan in a recent report. Highlights from the report published on 21 April […]
Ecopetrol to Appeal Suspension of ‘Fracking’ Project in Puerto Wilches, Santander
(Infobae, 21.Apr.2022) â After the Barrancabermeja First Court notified Ecopetrol of the suspension of the KalĂ© and Platero fracking pilot projects, which were to be developed in Puerto Wilches, Santander, the company said it would appeal the ruling. According to the Colombian oil company, it has met all the requirements […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) â Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentinaâs Energy Secretariat Dario MartĂnez participating in an official ceremony in Loma Campana to inaugurate the NĂ©stor Kirchner Gas Pipeline […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) â Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
UN Top Court Raps Colombia Over Sea Row with Nicaragua
(France24, 21.Apr.2022) â The United Nations‘ top court on Thursday ordered the Colombian navy to stop interfering in Nicaraguan waters, ruling on a longstanding legal battle over maritime borders. The International Court of Justice “finds that by interfering with fishing and marine research activities of Nicaraguan-flagged vessels … in Nicaragua’s […]
How the Energy Transition can Reduce the Risk of Future Shocks
(WoodMac, 21.Apr.2022) â The crisis caused by Russiaâs invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The uptake of low-carbon technologies can help address problems of energy security and affordability, and strengthen resilience to shocks in the […]
Petrobras Concludes Sale of E&P Assets in the ParanĂĄ Basin
(Petrobras, 20.Apr.2022) â Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda of its total stake in blocks PAR-T-198 and PAR-T-218, located in the ParanĂĄ Basin. After compliance with all the precedent […]
Budweiser Launches The Energy Collective
(Budweiser, 20.Apr.2022) â Budweiser, an AB InBev global brand, today unveiled the global launch of The Energy Collective to help provide renewable electricity to bars, music venues and stadiums around the world. This launch follows and contributes to Budweiser parent company AB InBev’s recently announced ambition to achieve net zero across […]
EPE Publishes April 2022 Brazilâs Short-Term Fuel Market Outlook
(EPE, 20.Apr.2022) â Brazilian liquid fuel market continued its strong performance at the beginning of 2022 with an increase of 1.1% in January and February compared to the same period last year. This growth has been driven mainly by diesel and gasoline. EPE estimates that Brazilian liquid fuel market will […]
SBM Offshore Reveals Prosperity FPSO Module TS032 Lifting
(Energy Analytics Institute, 20.Apr.2022) â SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading (FPSO) unit on the yard in Singapore. RELATED STORY: SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA RELATED STORY: […]
LNG Exports Continue to Lead Growth in US Natural Gas Exports
(EIA, 20.Apr.2022) â Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown significantly. In our Short-Term Energy Outlook (STEO), we forecast that LNG exports will continue to lead the growth […]
CNOOC Limited Successfully Listed on the A-Share Market
(CNOOC, 20.Apr.2022) â CNOOC Limited (SEHK: 00883, SSE: 600938) announced that the company was officially listed on the A-share market, which marked the company’s success in building a platform for domestic and international capital management. It will open a new chapter for the company to set sail on a promising voyage […]
Mexican Lawmakers Pass Lithium Nationalization Plan
(AFP, 20.Apr.2022) â Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in the production of batteries for electric cars, cellphones and other technology. The mining law reform submitted by President Andres Manuel Lopez Obrador puts the metal’s exploitation in the […]
Atlas Leaps Into Wind Power with Newest Customer Enel GeneraciĂłn Chile S.A.Â
(Atlas, 20.Apr.2022) â Atlas Renewable Energy marks a new milestone with the development of its first wind power project with a long-term power purchase agreement (PPA) with Enel GeneraciĂłn Chile S.A. for 1.3 GWh/year. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. “Our […]
Braskem to Participate at RAPID + TCT 2022 Conference
(Braskem, 20.Apr.2022) â Braskem (B3: BRKM3, BRKM5, and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its upcoming presence at Rapid + TCT, North America’s largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from 17-19 May 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the […]
Day 1 of AAPG ICE Highlights: Staatsolie Executive AngĂ©le Ramsaransing â Karg
(Energy Analytics Institute, 19.Apr.2022) â Highlights from Staatsolie Executive AngĂ©le Ramsaransing â Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive AngĂ©le Ramsaransing â Karg — Staatsolie looks to maintain production […]
INOXCVA Awarded Contract for MiniLNG Terminal for Caribbean LNG in Antigua
(INOXCVA, 19.Apr.2022) â Indian multinational and a manufacturer of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on a turnkey basis for a MiniLNG receiving and regasification terminal to be set up in Antigua, West Indies. Caribbean LNG […]
Press Conference Offered by Prime Minister of The Republic of the Congo
(Republic of Congo, 19.Apr.2022) â In the wake of successful meetings in London and Paris, including meetings in The Republic of the Congo’s capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame in Washington, DC. WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo WHAT: Press Conference. The […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) â Energy briefs including Argentinaâs government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
Holcim US Transitions Illinois Facility to Low-Carbon Portland Limestone Cement
(Holcim, 19.Apr.2022) â Following its recent rebrand and continuing its commitment to building progress for people and the planet, Holcim US announced that its Lafarge Joppa cement plant, located in Grand Chain, Illinois, has transitioned to OneCemŸ Portland limestone cement (PLC) production. The announcement follows the successful transitions to the lower CO2-intensive product […]
Magna Gold Reveals Completion of Debt Settlement with PEAL de Mexico S.A. de C.V.
(Magna Gold, 19.Apr.2022) â Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) issued an aggregate of 1,660,132 common shares in the capital of the company at a deemed price of $0.76 per common share to PEAL de Mexico S.A. de C.V. in settlement of outstanding debt in the aggregate amount of US$1,000,000 (the “Debt […]
Day 1 of AAPG ICE Highlights: ANP Substitute Director Marina Abelha
(Energy Analytics Institute, 19.Apr.2022) â Highlights from ANP Brazil Substitute Director Marina Abelha during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANP Substitute Director Marina Abelha — A completely diverse sector will emerge […]
Arrow Exploration Says RCE-2 Well Logs 80ft of Net Pay
(Arrow Exploration, 19.Apr.2022) â Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) announced a further update on the Rio Cravo Este-2 well (“RCE-2 well”) on the Tapir Block in the Llanos Basin of Colombia. The RCE-2 well was spud on 2 April 2022. The well is targeting a large, three-way fault-bounded […]
Day 1 of AAPG ICE: ANH Head Armando Zamora
(Energy Analytics Institute, 19.Apr.2022) â Highlights from ANH Colombia head Armando Zamora during his presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from ANH Colombia head Armando Zamora: — Colombiaâs 2040 plan (base case scenario) envisions […]
Guyana Eyes 800,000 B/d of Production by 2025: VP Bharrat Jagdeo Reiterates
(Energy Analytics Institute, 19.Apr.2022) â Guyana is still looking to produce 800,000 barrels per day by 2025, the countryâs Vice President Bharrat Jagdeo told Bloomberg News. Brief excerpts from the interview follow: — â[Weâre moving from discovery in 2015 to production of 800,000 barrels per day by 2025â: Jagdeo — […]
Petrobras Confirms Details Around Atapu Compensation
(Petrobras, 19.Apr.2022) â Petrobras, following up on the release disclosed on 13 April 2022, informs that, contractually, TotalEnergies EP Brasil Ltda. – TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 28 April 2022. The Atapu block was acquired by the consortium composed […]
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Halliburton Announces 1Q:22 Results [PDF Download]
(Halliburton, 19.Apr.2022) â Halliburton Company (NYSE: HAL) announced net income of $263mn, or $0.29 per diluted share, for the first quarter of 2022. This compares to net income for the first quarter of 2021 of $170mn, or $0.19 per diluted share. Adjusted net income for the first quarter of 2022, […]
PHX Minerals Inc. Announces Acquisition in the Haynesville
(PHX Minerals, 19.Apr.2022) â PHX Minerals Inc. (NYSE: PHX) announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments. The transaction will be funded with a combination […]
Atlanta Gas Light Reveals Expansion of LNG Facility in Cherokee County
(Atlanta Gas Light, 19.Apr.2022) â Atlanta Gas Light announced the expansion of its liquified natural gas (LNG) facility in Cherokee County. The project will double the facility’s capacity and will allow the company to stay ahead of projected natural gas demands in this fast-growing region for years to come. The project […]