(Energy Analytics Institute, 6.Mar.2022) — Energy briefs including Colombia’s state owned Ecopetrol aims to boost combined oil and gas production to 730 Mboe/d in 2024 and between 800-850 Mboe/d in 2030; Venezuela producing 791.8 Mb/d in mid-January 2022; and Venezuela being the lone country in the Latin America and the […]
US Officials Hold Venezuela Meetings Amid Hunt for Alternative Oil Supplies
(Ft.com, 6.Mar.2022) — A high-level US delegation has met top government officials in Venezuela, as the world seeks alternative suppliers to replace Russian oil if western sanctions on Moscow are tightened after its invasion of Ukraine. Juan González, the top White House official on Latin America, was in Caracas on […]
US, Venezuela Discuss Easing Sanctions, Make Little Progress: Sources
(Reuters, 6.Mar.2022) — U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies. […]
Petrobras on Candidates Nominated for BODs and Fiscal Council
(Petrobras, 5.Mar.2022) — Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with eight nominations for the Board of Directors and four nominations for the company’s Fiscal Council, and an official letter from the National Treasury Secretariat of the Ministry of Economy with […]
Petrobras on the Transfer of Participation in the Búzios Field
(Petrobras, 4.Mar.2022) — Petrobras, following up on the releases disclosed on 09/29/2021 and 10/04/2021, informs that it has signed a contract with its partner CNOOC Petroleum Brasil Ltda. (CPBL) for the assignment of 5% of its interest in the Production Sharing Contract of the Transfer of Rights Surplus, for the […]
Maduro: Venezuela Ready to Provide Oil Stability to World
(Telesur, 4.Mar.2022) — Oil prices have risen this week due to supply concerns amid international sanctions directed at Russia for its military operation in Ukraine. Venezuelan President Nicolás Maduro announced during a speech at the II Workers’ Congress his country’s readiness to provide oil and gas stability to the entire world. “The […]
Carbon Neutral Royalty Strategic Advisors
(Carbon Neutral Royalty Ltd., 4.Mar.2022) — Carbon Neutral Royalty Ltd. appointed Erik Solheim and John Mitnick as strategic advisors to the company. Brett Heath, Non-Executive Chairman of Carbon Neutral Royalty stated: “I am delighted to welcome Erik Solheim and John Mitnick as Strategic Advisors of the company. Erik has had an extensive career holding some of the highest […]
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NRGBriefs: CARICOM and SICA Unite at Belize Summit [PDF Downloads]
(Energy Analytics Institute, 4.Mar.2022) — Energy briefs including Argentina’s state-owned entity YPF reporting a major reduction in gross debt; officials from CARICOM and SICA coming together at a summit in San Pedro, Belize; Gustavo Petro continuing to lead in a new election poll compiled by Colombia Opina#10 and Invamer; Guyana […]
Venezuela Claims $80/bbl for its Crude
(Argus, 4.Mar.2022) — The Venezuelan oil ministry publicly reported the price it received for its crude for the first time in nearly two years this week, but observers say the price is significantly inflated. The government claimed it received more than $80/bl for crude during the week ended 4 March, […]
Aquadrill Announces Contract Award For The Vela
(Aquadrill, 4.Mar.2022) — Aquadrill LLC entered into a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “Manager”) to provide the Vela, an MPD outfitted 7th generation drillship, for a one well drilling contract plus one well priced option for operations in the US Gulf of Mexico. The […]
Sovereign Bond Supports Chile’s Climate Ambitions
(Societe Generale, 4.Mar.2022) — Societe Generale was active bookrunner and joint sustainability structuring advisor of first-ever sustainability linked sovereign bond Societe Generale acted as an Active Bookrunner and Joint Sustainability Structuring advisor for a new USD 2bn 20-year sustainability-linked bond transaction for the Republic of Chile. The transaction references the Republic of Chile […]
NRGBriefs: Gustavo Petro Gaining In Popularity in Colombia
(Energy Analytics Institute, 3.Mar.2022) — Energy briefs including YPF selecting advertising and communication agency Sentidos to carry out its campaigns on different platforms; Colombia’s presidential hopeful Gustavo Petro boosting his appeal among voters amid Iván Duque’s rising unpopularity; Guyana’s gov’t continuing to review ExxonMobil‘s development plan for its Yellowtail project; […]
MPC Energy Solutions Releases 2021 Preliminary Unaudited Financials
(MPC Energy, 3.Mar.2022) — “2021 was an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022, we are reaching another important milestone, as our first projects become operational and start generating revenue,” […]
Aris Gold Reveals Financial and Operating Results for 2021
(Aris Gold, 3.Mar.2022) — Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF) reports financial and operating results for the fourth quarter and full year ended 31 December 2021. All amounts are in US dollars, unless otherwise indicated. During 2021, Aris Gold made significant progress including the start of construction of the Lower Mine. While […]
MPC Energy Solutions Grows Presence in its Key LatAm and the Caribbean Markets
(MPC Energy Solutions, 3.Mar.2022) — “2021 was an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022, we are reaching another important milestone, as our first projects become operational and start generating […]
IMF and Argentine Authorities Reach Agreement on an Extended Fund Facility
(IMF, 3.Mar.2022) — An International Monetary Fund (IMF) team, led by Julie Kozack, Deputy Director of the Western Hemisphere Department, and Luis Cubeddu, Mission Chief for Argentina, issued the following statement today: “IMF staff and the Argentine authorities have reached a staff-level agreement on the economic and financial policies to […]
YPF Sees Fourth-Quarter Profit Dip by More Than Half
(Reuters, 3.Mar.2022) — Argentine state oil company YPF on Thursday posted a $247 million net profit in the fourth quarter 2021, a 54% drop compared to the year-ago period. The company said profit was hurt by high international prices that could not be fully passed onto local customers. However, revenue […]
Trinidad Minister Young Meets With Outstanding Venezuelan Ambassador
(MEEI, 2.Mar.2022) — Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, The Honourable Stuart R. Young, MP received a farewell courtesy call from His Excellency, Carlos Amador Perez Silva, Ambassador of the Bolivarian Republic of Venezuela; at the Ministry of Energy and Energy […]
ECO DEPOT Announces Achievements in the Energy and Carbon Reduction Sector
(Eco Depot, 2.Mar.2022) — Eco Depot, Inc. (OTC PINK:  ECDP), a Nevada company, reported on the past twelve months of developments. Eco Depot has funded over $2.8mn USD into our subsidiaries supporting energy and carbon reduction projects. Bronya Canada Group secured a distribution deal within the electrical service market with Weiland Electric Inc, a large manufacturer and supplier of electrical solutions in Canada, the United States and Mexico. The Preferred Distribution Agreement with Weiland Electric places Bronya products […]
Great Panther Reports FY 2021 Financial Results, Reiterates Outlook for 2022
(Great Panther, 2.Mar.2022) — Great Panther Mining Limited (TSX:GPR) (NYSE-A:GPL) announces consolidated financial results for the year ended 31 December 2021 (“FY 2021”), from its three wholly-owned mines: the Tucano Gold Mine in Brazil, and Topia and the Guanajuato Mine Complex (“the GMC”) in Mexico, both primarily silver mines. “The team at Great Panther has worked […]
SQM Reports Earnings for Twelve Months Ended 31 December 2021
(SQM, 2.Mar.2022) — Sociedad QuÃmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported net income for the twelve months ended December 31, 2021 of US$585.5mn (US$2.05 per ADR), an increase from US$164.5mn (US$0.63 per ADR) reported for the twelve months ended 31 December 2020. Gross profit reached US$1,090.1mn (38.1% of revenues) for the twelve months ended 31 […]
Ryerson Acquires Apogee Steel
(Ryerson Holding, 2.Mar.2022) — Ryerson Holding Corporation (NYSE: RYI), a processor and distributor of industrial metals, announced its acquisition of substantially all of the assets of Apogee Steel Fabrication Incorporated, a sheet metal fabricator based in Mississauga, Ontario, Canada. Apogee has been serving customers in Canada and the U.S. for over 30 years. They are […]
ExxonMobil Details Plans Around Growth and the Energy Transition
(ExxonMobil, 2.Mar.2022) — ExxonMobil detailed plans at its annual Investor Day to deliver industry-leading earnings, cash flow growth and shareholder returns, and lead in the energy transition across a range of lower-emissions scenarios. “We are focused on leading the industry in safety, reliability, environmental performance, earnings and cash flow growth – […]
Leaders from Africa and LatAm’s Major Gas Producing Economies To Gather
(EnergyNet Ltd., 2.Mar.2022) — As gas again is discussed as a critical fuel for the energy transition, the most senior officials from Africa and Latin America’s natural gas economies are set to visit Washington DC on 16-18 March, to meet leading institutional and private sector investors at the Powering Africa Summit and Latin America Energy Forum […]
NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 and FY:21 webcast to discuss financial and operational results; Exxon updating on its operations offshore Guyana during its virtual Investor Day 2022 webcast [PDF download]; […]
Ukraine War Could Wipe Out 1 MMb/d of Regional Demand
(Rystad, 2.Mar.2022) — War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, Rystad Energy research shows. The human and material costs of the conflict have been catastrophic just seven days into the military operation. Russia […]
Frontera Announces 4Q:21 and YE:21 Results
(Frontera, 2.Mar.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter ended 31 December 2021. 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 continues to deliver on its strategic, […]
Exxon Raises Guyana’s Long Term Oil Production Outlook
(Reuters, 2.Mar.2022) — Exxon Mobil Corp (XOM.N) on Wednesday said it plans to have capacity to produce with partners 1.2 million barrels per day of oil and gas (boed) offshore of Guyana by 2027. That adds 200,000 boed of production capacity compared to a previous estimate by the consortia led by Exxon. […]
Presidential Candidate Gustavo Petro Raising Eyebrows in Colombia and Beyond
(Energy Analytics Institute, 1.Mar.2022) — Colombia’s so-called progressive lawmaker Gustavo Petro continues to top early polls ahead of presidential elections slated for 29 May 2022. A Petro victory would represent a drastic politically shift left of center and usher in a climate conscious leader openly against hydraulic fracking and new […]
Ecopetrol’s 2021 Earnings Distribution Proposal
(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) hereby informs of the company’s 2021 earnings distribution proposal, approved by the Board of Directors of Ecopetrol, which will be submitted for the consideration of the General Shareholders’ Meeting that will take place on 30 March 2022: 1 A 60% dividend payout ratio established in […]
JinkoSolar Announces High-Level Dialogue with the UN Global Compact (UNGC)
(JinkoSolar, 1.Mar.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) recently hosted a high-level dialogue with delegates from the UN Global Compact Liaison Office in Beijing, on the role of solar PV technology development in achieving global Sustainable Development Goals (“SDGs”) set up by the United Nations. The dialogue was attended by Ms. Meng Liu, […]
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
Pembina Pipeline Corp. and KKR Create JV to Merge Canadian Processing Assets
(Pembina Pipeline, 1.Mar.2022) — Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity (“Newco“), which will be owned 60 percent by Pembina and 40 percent by KKR’s global infrastructure funds. […]
Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval
(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a 2 million-barrel cargo of […]
Ecopetrol Reveals 4Q:21 and YE:21 Results
(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group´s financial results for the fourth quarter and year end for 2021, prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The financial information included in this report has been audited and is expressed in billions of Colombian […]
Spill Gates Afobakadam Open from 2 March
(Energy Analytics Institute, 28.Feb.2022) — The spill gates of the Afobaka dam will be opened from 2 March 2022 due to the high water level in the reservoir, Staatsolie announced 28 February 2022 in an official statement on its website. The spilling will take place over a longer period of […]
Invenergy and EnergyRe Secure Offshore Wind Lease Award
(Invenergy Wind Offshore, 28.Feb.2022) — Invenergy Wind Offshore LLC, led by project sponsors Invenergy and energyRe, was named provisional winner for an 83,976-acre area of seabed by the U.S. Bureau of Ocean Energy Management (BOEM). The winning bid of $645mn secured lease OCS-A 0542, one of the largest awarded in the New […]
Talos and Howard Energy to Pursue CCS Ops with the Port of Corpus Christi
(Talos Energy, 28.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and Howard Energy Partners (HEP) entered into an option agreement with the Port of Corpus Christi Authority to pursue commercial carbon capture and sequestration (CCS) opportunities on-site at the Port of Corpus Christi. The project will be known as the Coastal Bend Carbon Management […]
Shell Exits Equity Partnerships with Gazprom Entities
(Shell, 28.Feb.2022) — The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends […]
NRGBriefs: Japan to Support Removing Key Russian Banks from SWIFT
(Energy Analytics Institute, 28.Feb.2022) — Energy briefs including NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announcing that members of the senior management team will participate in various investor meetings throughout March; the Deputy Secretary of the Treasury Wally Adeyemo speaking with Japan Finance Vice Minister Masato Kanda […]
Sonoma County and ForeFront Power Complete 963kW Solar Energy Portfolio
(Forefront Power, 28.Feb.2022) — The County of Sonoma has partnered with ForeFront Power, a developer and asset manager of commercial and industrial-scale solar energy and storage projects, to build a 963 kilowatt (kW) solar energy portfolio at Charles M. Schulz-Sonoma County Airport (STS), as well as at the Sonoma County Fleet Operations Building […]
NGC Corrects Misleading Statements Printed in the Trinidad Guardian
(NGC, 28.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to correct a false assertion made by journalist Curtis Williams in the Sunday Guardian story ‘BHP flops: Ruby oil field fails to shine’, dated 27 February 2022. The article incorrectly stated that NGC President, Mark Loquan, […]
IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region
(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]
Exxon Faces New Pressure Over Dealings with Russia’s Rosneft
(Reuters, 27.Feb.2022) — Exxon Mobil XOM.N likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms […]
bp Staff Message Regarding Relationship with Rosneft
(bp, 27.Feb.2022) — bp’s Bernard Looney provides a message to all bp staff on the company’s relationship with Rosneft. To the bp team, Like so many of you, I have been deeply shocked and saddened by the situation unfolding in Ukraine. We are witnessing an act of aggression which is having tragic […]
NRGBriefs: Guyana Launches Local Content Registry
(Energy Analytics Institute, 25.Feb.2022) — Energy briefs including Energy Analytics Institute (EAI) believing that the recent commencement of war between the Ukraine and Russia offers the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from […]
Global Markets Count Cost of Russian Invasion in Ukraine
(WoodMac, 25.Feb.2022) — The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition, experts from global natural resources consultancy, a Verisk business (Nasdaq: VRSK) said. The world’s dependence on Russia for certain commodities cannot be overstated ‒ from gas, […]
How the War in Ukraine Could Empower Maduro
(Foreign Policy, 25.Feb.2022) — The highlights this week: how the war in Ukraine could prolong Venezuela’s political crisis, Colombia decriminalizes abortion, and a Mexican marathoner completes a cross-country journey. When Anti-Imperialism Meets Noninterference In the weeks before Russia began its large-scale invasion of Ukraine this Thursday, two Latin American presidents, Jair Bolsonaro of Brazil and Alberto Fernández of […]
US Imposes Sanctions on Russian President Vladimir Putin
(U.S. Department of the Treasury, 25.Feb.2022) — Today, the United States, in coordination with allies and partners, continued to forcefully respond to Russia’s unjustified, unprovoked, and premediated invasion of Ukraine by imposing sanctions on President of the Russian Federation Vladimir Putin and the Minister of Foreign Affairs, Sergei Lavrov, as […]
TotalEnergies Makes a Significant Find in Namibia Offshore Block 2913B
(TotalEnergies, 24.Feb.2022) — TotalEnergies made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. “This discovery […]