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NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%

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(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]

PetroChina Continues with Positive Momentum in 1Q:22

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(PetroChina, 29.Apr.2022) — PetroChina Company Limited (HKSE: 00857; NYSE: PTR; SSE: 601857) announced that in the first quarter of 2022, the company placed stable development as top priority and achieved a steady increase in its operating results while maintaining smooth and efficient operation in its oil and gas industrial chains. […]

Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests

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(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns are weighing on economic growth. Brent crude futures settled above $113 a barrel for the first time since late March while West Texas Intermediate oil […]

Luminex Acquires the Chalapo Concessions from Codelco in Ecuador

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(Luminex Resources, 18.Apr.2022) — Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) signed a binding agreement with CorporaciĂłn Nacional del Cobre de Chile (Codelco) to acquire its 100% owned Chalapo concessions (the “Project”) in the Loja province of Ecuador for $60,000 of consideration and a 1.0% NSR. 0.5% of the NSR can be purchased by Luminex for $5mn before the year […]

Encore Energy Provides Update on Rosita Uranium Plant

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(encore, 18.Apr.2022) — enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) announced the refurbishment of its 100% owned Rosita In-Situ Recovery (ISR) Uranium Processing Plant is presently 90% complete with an expected completion date in May 2022. The plant modernization and refurbishment is essential to the company goal of becoming the next producer […]

Santos Reveals Pikka FID and Net-zero Project Plans

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(Santos, 17.Apr.2022) — Santos Ltd., as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6bn gross (US$1.3bn Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce […]

Protest Forces Libya’s National Oil Firm to Close Al-Fil Field

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(Al Jazeera, 17.Apr.2022) — Libya’s National Oil Corporation (NOC) has announced the suspension of production at a major oil field in the country’s south, declaring a “force majeure” due to a protest at the site. Located some 750km (466 miles) southwest of Tripoli, the Al-Fil field is jointly managed by […]

Guzmán Says YPF’s Recuperation “Was an Act of Sovereignty”

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(Energy Analytics Institute, 16.Apr.2022) — The recovery of Argentina’s state oil giant YPF some 10 years ago was an act of sovereignty that changed the dynamics of the sector and made the Vaca Muerta formation relevant, according to Argentina’s Economic Minister MartĂ­n Maximiliano GuzmĂĄn. The most relevant transformation was the notable increase […]

Colombia’s President Iván Duque Touts Oil Production Potential

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(Energy Analytics Institute, 14.Apr.2022) — Colombia’s President IvĂĄn Duque talked about Colombia’s oil production potential, coal production, and Colombia’s relationship with the US during a televised interview with Bloomberg during his trip to New York. Excerpts from his interview follow. Highlights — Colombia has a chance to sale more oil […]

Earthstone Closes Bighorn Acquisition as well as Debt and Equity Financings

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(Earthstone Energy, 14.Apr.2022) — Earthstone Energy, Inc. (NYSE: ESTE) announced the closing of the acquisition of assets of privately held Bighorn Permian Resources, LLC in the Midland Basin. The company also announced the closing of a $550mn private offering of senior unsecured notes; a $280mn private placement of equity (the “PIPE”); and an amendment to […]

SSR Mining Announces Closing of Taiga Gold Acquisition

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(SSR Mining, 14.Apr.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Taiga Gold Corp. (CSE: TGC). With this transaction, SSR Mining has consolidated a 100% interest in the Fisher property contiguous to […]

NRGBriefs: Trinidad’s Gas Production in Jan. 2022 Down 4% Y-O-Y

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(Energy Analytics Institute, 14.Apr.2022) — Energy briefs including Trinidad and Tobago’s natural gas production reaching 2,877 MMcf/d (2.877 Bcf/d) in Jan. 2022, down 4% vs Jan. 2021; Great Panther Mining Limited reporting production results from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico; and more. LATIN AMERICA AND THE CARIBBEAN […]

Deep-South to Resume Trading on 19 April 2022

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(Deep-South Resources, 14.Apr.2022) — Deep-South Resources Inc. (TSXV: DSM) announces further to a discussion with the TSX Venture Exchange concerning the documents related to the Zambian exploration licences acquisition announced on 7 April 2022, Deep-South expect to resume trading on Tuesday 19 April 2022. Deep-South has signed a definitive earn-in agreement […]

NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022

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(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]

Petrobras Approves Dividends Payment

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(Petrobras, 13.Apr.2022) — Petrobras, following up on release disclosed on 23 February 2022, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders relative to the Fiscal Year 2021 in the amount of R$ 7.773202 per outstanding share (common or preferred). This amount […]

China’s Oil Champion Prepares Western Retreat Over Sanctions Fear

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(Reuters, 13.Apr.2022) — China’s top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained […]

Exxon Starts Construction of Guyana Campus

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(Energy Analytics Institute, 13.Apr.2022) — ExxonMobil continues to work closely with its local partners in Guyana to develop its new office campus in the small South American country. The oil giant has commenced construction of the steel superstructure for the project, which is expected to span 120,000 square feet. The […]

KBR Announces Settlement with Ichthys Power Plant Subcontractor

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(KBR, 12.Apr.2022) — KBR (NYSE: KBR) announced that JKC Australia LNG Pty Ltd joint venture, in which KBR has a 30% ownership interest, and Kellogg Brown & Root Pty Ltd entered into a conditional settlement agreement to resolve outstanding claims and disputes between JKC and its power plant subcontractor, the consortium […]

Excelerate Energy Announces Pricing of IPO

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(Excelerate Energy, 12.Apr.2022) — Excelerate Energy, Inc. announced the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at a price to the public of $24.00 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 2,400,000 […]

SEOGS 2022 Brochure Now Available

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(Global Events Partners, 12.Apr.2022) — The main brochure for the 2nd edition of the Suriname Energy, Oil & Gas Summit and Exhibition is available now! “If you are still deciding whether or not your company should be participating in SEOGS 2022 then download the brochure to read the welcome letter […]

NRGBriefs: Trinidad’s fuel subsidy; Citgo Giusti departure; “almost out of the Faja”

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(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]

Noble Corp. and Maersk Drilling Update on the Merger Control Process

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(Noble Corp. 12.Apr.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) provided an update on the ongoing merger control process for the business combination announced on 10 November 2021 (the “Transaction”). At this point in time, […]

HIF Global Secures $260mn in Equity Investments

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(HIF Global, 6.Apr.2022) — HIF Global, involved in eFuels development, secured approximately $260mn in equity investments to fund the global expansion of its decarbonization business. The capital will be used for the development of carbon-neutral eFuels projects in the United States, Chile and Australia that will supply ships, cars, trucks, and airplanes with renewable energy. The equity […]

Poland: TotalEnergies and KGHM Join Forces to Develop Offshore Wind Power

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(TotalEnergies, 12.Apr.2022) — TotalEnergies and KGHM signed a partnership to participate on a 50/50 basis in the Polish government tender for the development of offshore wind projects.  The government has launched a new auction scheme covering 11 areas in the Polish Baltic Sea, representing an expected total capacity of over 10 […]

Aris Gold Completes Soto Norte JV Investment

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(Aris Gold, 12.Apr.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) announces that, further to the company’s news release of 21 March 2022, it has closed the acquisition of a 20% joint venture interest in the Soto Norte gold project in Colombia, with the option to acquire a further 30% interest. Aris Gold has […]

Russia-Ukraine War Could Slow Global Economic Growth to 2.5% This Year 

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(WoodMac, 12.Apr.2022) — Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).  The company has produced a downside scenario for the global economy assuming large spill-over effects from the Russia-Ukraine conflict through transmission […]

Murphy Achieves First Oil at King’s Quay FPS in Deepwater US GOM

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(Murphy Oil, 12.Apr.2022) — Murphy Oil Corporation (NYSE: MUR) achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King’s Quay floating production system (King’s Quay FPS). The project is comprised of the Khaleesi […]

Crowley and Shell Aim to Advance Decarbonization in Maritime

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(Crowley, 12.Apr.2022) — Continuing to demonstrate their commitment to decarbonization of the maritime sector, Crowley and Shell Trading (US) Company entered into a memorandum of understanding (MOU) with the aim of supporting alternative energy solutions for the future of shoreside and terminal operations. The MOU follows an ongoing joint project that […]

CGG Expands High-Performance Computing Capacity with New UK HPC Hub

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(CGG, 12.Apr.2022) — To support continued differentiation in its core business and accelerate the development of its new activities, CGG is significantly expanding its high-performance computing (HPC) capacity and associated service offerings. The company recently signed a lease to build a new European HPC hub in Southeast England that will […]

ExxonMobil Introduces New Exceedℱ S Performance Polyethylene

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(ExxonMobil, 11.Apr.2022) — ExxonMobil introduced today its new Exceedℱ S performance polyethylene (PE) resins, which deliver industry-leading combinations of stiffness and toughness while being easy to process. Utilizing the company’s latest innovations in polymer science, the new PE platform provides opportunities to reduce the complexity of film formulations and designs while […]

The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”

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(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]

Colombia Launches Green Taxonomy at NYSE

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(Energy Analytics Institute, 11.Apr.2022) — Colombian officials including President IvĂĄn Duque, Mines and Energy Minister Diego Mesa Puyo, and Finance and Public Credit Minister JosĂ© Manuel Restrepo Abondano visited the New York Stock Exchange (NYSE) to launch the South American country’s green taxonomy, an instrument designed to mobilize resources from […]