(S&P Global, 19.Aug.2021) â The presidents of Guyana and Suriname said Aug. 19 their countries will craft a joint strategy to develop their natural gas […]
PDVSA Cedes Stake In Refidomsa Refinery
(Reuters, 19.Aug.2021) â Venezuelan state oil company PDVSA has given up its 49% stake in a Dominican refinery as part of a swap for some […]
S&P Maintains Ecopetrol Rating At BB+
(Ecopetrol, 18.Aug.2021) â Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) announced that the risk rating agency Standard & Poor’s maintained the international long-term rating of Ecopetrol […]
Guyana, Suriname Eye Further Drilling
(Reuters, 18.Aug.2021) â Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a […]
Jagdeo: Developed Countries Must Help In Climate Fight
(DPI, 18.Aug.2021) â Vice President Dr. Bharrat Jagdeo MP, has issued a clarion call for developed countries to pull their weight in the fight against […]
Guyana Eyes Oil Developments, Rising Per Capita Income
(Energy Analytics Institute, 17.Aug.2021) â Guyanaâs Vice President Bharrat Jagdeo took part in the Offshore Technology Conference (OTC) held in Houston between 16-19 August 2021. […]
Guyana Seeks Higher Royalties
(Reuters, 17.Aug.2021) â Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future […]
Shale Oil Investments May Be Protected From Nationalization
(Baker Institute, 17.Aug.2021) â Shale oilâs short-cycle production protects foreign investors from the risk of expropriation â government taking private property for public use â […]
Citgo Returns To Profitability
(Citgo, 16.Aug.2021) â Citgo Petroleum Corporation reported its second quarter 2021 performance results, including net income of $3mn, EBITDA1 of $214mn and adjusted EBITDA2 of $208mn, […]
Orvana Reports El Valle Plant Stoppage
(Orvana, 16.Aug.2021) â Orvana Minerals Corp. (TSX: ORV) announces that a rock fall has occurred at a legacy open pit wall at El Valle. The […]
Ecopetrol Gets Go Ahead For $4bn Loan For ISA Acquisition
(Ecopetrol, 16.Aug.2021) â Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that by means of Resolution 1928 of 13 August 2021, the Ministry of Finance and Public […]
Cox Energy Establishes IR Vice Presidency Office
(Cox Energy, 16.Aug.2021) â Cox Energy AmĂ©rica, S.A.B. DE C.V. (BIVA: COXA *, BMV: COXA *), the region’s only listed pure play photovoltaic renewable solar […]
Guyana-Suriname Basin OTC2021 Technical Panel Summary
(Energy Analytics Institute, 16.Aug.2021) â Executives with ExxonMobil provided technical details of the companyâs initial, current and planned activities in Guyana. What follows are excerpts […]
Guyana Contingent Attends #OTC2021
(DPI, 16.Aug.2021) â This is Guyanaâs second time participating at this international conference in Houston, Texas. The Government of Guyana through GO-Invest, is collaborating with […]
LatAm Briefs: YPF Debt, Petrobras Taxes
(Energy Analytics Institute, 13.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: YPF reducing its total debt, Petrobrasâ tax collections to the […]
Sempra Launches Offer For Remaining IEnova Shares
(Sempra, 12.Aug.2021) â Sempra (NYSE: SRE) (BMV: SRE) announced that it has launched a tender offer to purchase for cash the 3.6% of the outstanding […]
MPC Energy Starts Construction Of PV Plant In Colombia
(MPC Energy, 12.Aug.2021) â MPC Energy Solutions (MPCES) and Akuo Energy commenced construction of Parque Solar Planeta Rica, a solar photovoltaic (PV) project in Colombia. […]
The Energy Basket: A Non-Binary Approach to the Energy Transitions
(The Way Ahead, Fernando C. Hernandez, 12.Aug.2021) â I became a proponent of the energy basket concept, while deployed offshore, as it became apparent that […]
Venezuela Negotiations By Eric Farnsworth
(AS/COA, 12.Aug.2021) â A new round of negotiations is set to start on Friday, August 13, in Mexico between representatives of the de facto regime of NicolĂĄs Maduro and the interim administration […]
Pemex Halts Drilling At Valeriana
(By Platts, Sheky Espejo, 12.Aug.2021) â Mexico’s state oil company Pemex has stopped drilling Valeriana 1, a high-temperature high-pressure appraisal well located in the state […]
Guyana Creating New Authority For Oil Sector
(Argus, 12.Aug.2021) â Guyana plans to create a new authority by the end of 2021 to regulate its growing hydrocarbon revenues and allow orderly and […]
Ecopetrol To Pay $3.7bn For ISA Stake
(Ecopetrol, 11.Aug.2021) â Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 11 August 2021, it signed the Inter-administrative Share Purchase Agreement with the Colombian Ministry […]
Now Activists Want BHP To Keep Its Fossil Fuels
(Bloomberg, 11.Aug.2021) â BHP Group, the worldâs top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the […]
Oceaneering Inks Survey Deal With EEPGL
(Oceaneering, 10.Aug.2021) â Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited (EEPGL) to provide two surveys offshore Guyana. The […]
T&T’s Plastic Waste Twice Int’l Average
(Trinidad Express, 10.Aug.2021) â Improper waste disposal may be one of the reasons for the major flooding that wreaked havoc in north-west Trinidad and Tobago […]
Venezuelaâs Opposition Targets âNarrowâ Chance To Tame Maduro
(By Ft, Michael Stott, 10.Aug.2021) â Once Venezuelaâs most famous political prisoner, he is best known for escaping from house arrest and appearing outside a […]
Should NGC Buy Train 1?
(Trinidad Express, 10.Aug.2021) â In its 2021 annual report, the T&T Governmentâs investment holdings company, National Enterprises Ltd (NEL) states that âthe full impairment of […]
Citgo Names Mark Holstein New General Counsel
(Citgo, 10.Aug.2021) â Citgo Petroleum Corporation announced the appointment of Mark Holstein as the company’s new General Counsel, overseeing all aspects of the company’s legal […]
Guyana Opts Against LT Supply Deal With India
(Reuters, 10.Aug.2021) â Guyana’s Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian […]
LatAmBriefs: TGI Eyes Buenaventura LNG Import Project
(Energy Analytics Institute, 9.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: Argentina fining Edesur and Edenor; Transportadora de Gas Internacional (TGI) […]
MarĂa Corina Machado Talks About Democratic Regression
(FundaciĂłn Libertad y Desarrollo, 9.Aug.2021) â The president of FundaciĂłn Libertad y Desarrollo, Dionisio GutiĂ©rrez, spoke with the leader of the Venezuelan opposition and National […]
Alarm Over Spill Into The Gulf Of Paria
(Trinidad Express, 9.Aug.2021) â The Environmental Management Authority and Paria Fuel Trading Company Ltd yesterday confirmed an oil spill in the Gulf of Paria. Fishermen […]
Colombia To Leverage Coal, Gas For Blue H2 By 2030
(Argus, 9.Aug.2021) â Colombia has issued a draft roadmap for hydrogen development that would start by leveraging the country’s coal and natural gas resources for […]
Guyana Receives Payment For 7th Oil Lift
(MNR, 9.Aug.2021) â In keeping with the current administrationâs commitment to transparency and accountability within the Petroleum Sector, the Government Guyana through the Ministry of […]
Three Studies That Made The Difference
(Stabroek News, 8.Aug.2021) â To recap, this long-running series of Sunday Stabroek columns focusing on Guyanaâs emergent oil and gas sector commenced just four months […]
Former Trinidad Oil Minister Ramnarine Comments On S&P Downgrade
(Energy Analytics Institute, 6.Aug.2021) â Trinidad and Tobagoâs former energy minister Kevin Ramnarine commented on the recent downgrade by Standard and Poorâs rating agency. What […]
LatAm Briefs: Raizen IPO, Bolivian Gas
(Energy Analytics Institute, 5.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: Argentinaâs YPF Sociedad AnĂłnima repurchasing Class XII Notes, YPFB and […]
APA Reports 2Q:21 Net Income of $388mn
(APA, 5.May.2021) â APA Corporation (Nasdaq: APA) announced its financial and operational results for the first-quarter 2021. APA reported net income attributable to common stock […]
RaĂzen IPO To Accelerate Growth
(Shell, 5.Aug.2021) â Shell Brazil Holding B.V., a subsidiary of Royal Dutch Shell plc marks the start of trading in shares of RaĂzen S.A., the […]
Ecopetrolâs 2Q:21 Earnings Call Transcript
(Motley Fool, 4.Aug.2021) â Colombiaâs state oil giant Ecopetrol hosted its second quarter 2021 conference call to discuss operational and financial details. What follows is […]
Petrobras Hires JPMorgan To Sell Braskem Stake
(Reuters, 5.Aug.2021) â Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) has hired JPMorgan Chase & Co (JPM.N) as adviser to sell its stake in […]
The bpTT Conundrum
(Trinidad Guardian, 4.Aug.2021) â It was in 1973 that the world experienced the first oil-price shock. It was spurred by the Yom Kippur War in […]
Petrobras Beats Estimates
(Reuters, 4.Aug.2021) â Brazil’s Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted […]
NGC, MHTL Ink Gas Supply Contract
(NGC, 4.Aug.2021) â The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited […]
Guyana Gets 15 Bids To Market Govt Crude
(Reuters, 4.Aug.2021) â Guyana received bids from 15 different companies aiming to market the government’s share of the crude produced off the South American country’s […]
Argentina Local Debt Rollover Flops
(Bloomberg, 4.Aug.2021) â Investors sent a warning message to Argentinaâs Treasury on Tuesday night — donât expect us to finance the governmentâs increased spending ahead […]
LatAm Briefs: Ecopetrol Results, Guyana Oil Lift
(Energy Analytics Institute, 3.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: New Pacific Metals Corp. commencing a diamond drilling program in […]
Ecopetrol Reveals 2Q:21 Results
(Ecopetrol, 3.Aug.2021) â Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group’s financial results for the second quarter and the first half of 2021. In […]
Argus Launches LPG Freight Prices
(Argus, 27.Jul.2021) â Global energy and commodity price reporting agency Argus has launched 10 new freight price assessments for tankers transporting liquefied petroleum gas (LPG). […]
Ecopetrol Q2 Profit Soars To $951mn
(Reuters, 3.Aug.2021) â Colombiaâs majority state-owned oil company Ecopetrolâs second-quarter net profit soared to 3.72 trillion pesos ($951 million), boosted by strong sales, the company […]