Editores LatinPetroleum

Peru Bans Repsol from Unloading Oil until Further Notice after Spill

(Reuters, 31.Jan.2022) — Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol‘s (REP.MC) offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage. Ramirez said the suspension of operations would last until the company “can offer technical guarantees that another […]

DeNovo Completes Zandolie Platform Fabrication

(MEEI, 31.Jan.2022) — DeNovo Energy Limited announced the completion of the local fabrication of the platform for its 2nd offshore field development, Zandolie. To mark the occasion, DeNovo hosted the Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, M.P., […]

Frontera and CGX Find Oil at Kawa-1 Well Offshore Guyana

(Frontera, 31.Jan.2022) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announced that the Joint Venture has made a discovery at the Kawa-1 well, in the Corentyne Block. Gabriel de Alba, Chairman of Frontera’s Board of Directors and Co-Chairman […]

NRGBriefs: De Novo Prepares Zandolie’s Subsea Structure

(Energy Analytics Institute, 31.Jan.2022) — Energy briefs including EP PetroEcuador and Abastecedora Ecuatoriana de Combustibles S.A. (ABASTIBLES S.A.) signing a petroleum products contract; shares of Frontera Energy and CGX Energy halting on rumors of a find offshore Guyana at the Kawa well; and DeNovo’s Zandolie subsea structure being readied for […]

Orvana to Amend Technical Report for Don Mario Property in Bolivia

(Orvana, 30.Jan.2022) — Orvana Minerals Corp. (TSX: ORV) is issued the following details regarding its disclosure on the Don Mario Property. On 30 December 2020, the company filed a technical report effective 30 September 2020, on the Don Mario oxide stockpile project, located on the Don Mario Property (the “Stockpile Technical Report”). On 29 […]

Italy Top Court: Venezuela’s Ex-oil Czar Can’t be Extradited

(AP, 28.Jan.2022) — Italy’s highest court confirmed Friday that Venezuela’s former oil czar cannot be extradited to face corruption charges at home because of his country’s record in violating human rights, his Italian lawyer said. The Court of Cassation upheld a lower court’s ruling in September which recognized that Rafael […]

Canacol Energy Reveals Block Purchase Under Normal Course Issuer Bid

(Canacol, 28.Jan.2022) — Canacol Energy Ltd. (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) purchased 5,307,700 Common Shares for CAD$3.15 per share under its normal course issuer bid (the “NCIB”), relying on the block purchase exemption under the NCIB rules. The purchase was made from an arm’s length third party via the TSX Exchange. Canacol’s […]

Petrobras Cancels Braskem Public Offering

(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 16 December 2021 and 17 January 2022, informs that, together with NSP Investimentos SA – In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would […]

Petrobras on Urucu Cluster Divestment

(Petrobras, 28.Jan.2022) — Petrobras, following up on the releases disclosed on 7 December 2020 and 1 February 2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in […]

Petrobras Proved Reserves Reach 9.9 BN BOE in 2021

(Petrobras, 28.Jan.2022) — Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of 31 December 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this […]

Colombia Front-Runner Petro’s No-More-Oil Pledge Sinks Ecopetrol Bonds

(Bloomberg, 28.Jan.2022) — Gustavo Petro, the front-runner to win Colombia’s presidential election in May, has repeatedly vowed he will halt oil drilling the day he takes office. To some observers, this is campaign bluster that would prove difficult to carry out in a country where oil is the No. 1 […]

SSR Mining Reports Fatal Vehicle Accident Near Puna in Argentina

(SSR Mining, 28.Jan.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) regrets to report a fatal vehicle accident involving an employee of the company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on 26 January 2022. The […]

Wärtsilä to Decarbonise Gold Mine Power Station in Suriname

(Wärtsilä, 27.Jan.2022) — The technology group Wärtsilä will supply a 7.8-megawatt (MW) / 7.8-megawatt hour (MWh) energy storage system to a leading gold mining company to help achieve its climate targets and decarbonisation goals at a mine in Suriname. This is the first utility-scale energy storage system to be built […]

NRGBriefs: Argentina’s Energy Secretariat and ENARGAS Talk Energy

(Energy Analytics Institute, 27.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat Darío Martínez chatting w/ ENARGAS’ Federico Bernal Hermitte to discuss actions necessary to strengthen the energy sector; and the Bristow Group’s plans to reveal fiscal 3Q results on 3 Feb. 2022. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s […]

Caribbean Sustainable Energy Conference: Day 3 Highlights

(Energy Analytics Institute, 26.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from International Energy Agency (IEA) Lead Gas Analyst Peter Zeniewski, IDB Invest Investment Manager Alicia Taylor, and Proman Operations Managing Director […]

NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]

(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]

Peru Considers Imposing Sanctions on Repsol Over Massive Oil Spill

(Reuters, 26.Jan.2022) — Peru’s Prime Minister Mirtha Vásquez said on Monday the government was looking at sanctioning a major local refinery owned by Spanish energy firm Repsol after an oil spill last week, and did not rule out suspending operations at the facility. Vásquez said some political parties were calling […]

Southern Cone Power Markets Primed for Dynamic Year

(WoodMac, 26.Jan.2022) — Last year proved how dynamic the gas and power markets in the Southern Cone are. And many uncertainties will be carried to 2022, especially regarding the extent of the impact from the region’s historic drought. Wood Mackenzie, a Verisk business (Nasdaq: VRSK) expects 2022 will mostly be […]

Guyana Budget 2022 Speech Highlights [PDF Download]

(Energy Analytics Institute, 26.Jan.2022) — Highlights from the budget speech by Guyana’s Honourable Dr. Ashni K. Singh, M.P. Senior Minister in the Office of the President with Responsibility for Finance on 26 January 2022 follow. Select highlights: — A total of 42.7 MMbbls were produced in 2021 compared with 27.2 […]

Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]

(Hess, 26.Jan.2022) — Hess Corporation (NYSE: HES) reported net income of $265mn, or $0.85 per share, in the fourth quarter of 2021, compared with a net loss of $97mn, or $0.32 per share, in the fourth quarter of 2020. On an adjusted basis, the corporation reported a net loss in […]

Caribbean Sustainable Energy Conference: Day 2 Highlights

(Energy Analytics Institute, 25.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from Trinidad and Tobago’s Ministry of Planning and Development Camille Robinson-Regis, KBR Energy Global Energy Transition Advisor Kareemah Mohammed, and Kenesjay […]

Phoenix Park Buys Texas Terminal

(Phoenix Park, 25.Jan.2022) — On 21 January 2022, Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of Phoenix Park Gas Processors Limited (PPGPL), completed its acquisition of an NGL terminal located in Hull, Texas from Keyera Energy Inc. (KEI). KEI is a subsidiary of Keyera Corporation (Keyera), one […]

Powin Selects Celestica to Manufacture Its Next-Generation Energy Storage System

(Powin, 25.Jan.2022) — Powin LLC has selected Celestica Inc. to assemble its Centipede battery energy storage platform in Celestica’s Monterrey, Mexico facility. Full production will begin in Q2 2022. Celestica’s facility in Mexico is located in close proximity to a substantial and growing portion of Powin’s end market, providing customers with greater supply chain flexibility and responsiveness. The […]

The MEEI Executes a Heads of Agreement for Atlantic LNG Restructuring

(MEEI, 25.Jan.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced the execution by the Government, and Atlantic LNG Shareholders, companies affiliated with BP, Shell Trinidad and Tobago Limited (Shell) and The National Gas Company of […]

NRGBriefs: ExxonMobil’s Results Call, GoldMining Appointment

(Energy Analytics Institute, 25.Jan.2022) — Energy briefs including ExxonMobil’s results call; and GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) appointing Eric Chen as Director of Mineral Resources for the co. NORTH AMERICA US — Darren Woods, chairman and CEO; Kathy Mikells, SVP and CFO; and Stephen Littleton, Investor Relations VP and […]

Petrobras on Albacora and Albacora Leste Divestment

(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]

Equinox Gold Says Production Increasing to 625,000 to 710,000 Ounces of Gold

(Equinox Gold Corp, 25.Jan.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announces 2022 production guidance of 625,000 to 710,000 ounces of gold, increasing from 2021 production of 602,100 ounces of gold. Cost guidance includes cash costs1 of $1,080 to $1,140 per ounce and all-in-sustaining costs1,2 (“AISC”) of $1,330 to $1,415 per ounce of gold sold. Guidance does not include […]

Hess Announces 2022 E&P Capital and Exploratory Budget

(Hess, 25.Jan.2022) — Hess Corporation (NYSE: HES) announced a 2022 Exploration & Production capital and exploratory budget of $2.6bn, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is […]

LongPath Technologies Advances DOE-Funded Methane Mitigation

(LongPath Technologies, 25.Jan.2022) — LongPath Technologies, Inc. is advancing its groundbreaking Basin-SCAN continuous methane monitoring and abatement technology across the Texas and New Mexico Permian Basin oil and gas fields. A year after winning a $5mn US Department of Energy (DOE) award, roughly 180 sq. mi. of the Permian Basin are being monitored […]

Trinidad Reveals Emissions Reduction Plans by 2030

(Trinidad Planning and Development Minister Camille Robinson-Regis, 25.Jan.2022) — It is my pleasure to address you at the Energy Chamber’s Caribbean Sustainable Energy Conference 2022 on the critically important global aspiration of achieving NetZero by 2050. Even as we begin though, I want to take your minds back to Philosophy […]

Caribbean Sustainable Energy Conference: Day 1 Highlights

(Energy Analytics Institute, 24.Jan.2022) — Selected highlights from the virtual Caribbean Sustainable Energy Conference hosted by the Energy Chamber of Trinidad and Tobago from 24-26 January 2022 including presentations from Trinidad’s Energy and Energy Industries Minister Stuart Young, The National Gas Company of Trinidad and Tobago Limited President Mark Loquan, […]

TechnipFMC Awarded Large EPCI Contract by Petrobras for Búzios 6 Field

(TecnhipFMC, 24.Jan.2022) — TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its Búzios 6 field (module 7), a greenfield development in the pre-salt area. The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, […]

Harvey Gulf Selects SailPlan to Optimize Fleet Emissions

(SailPlan, 24.Jan.2022) — SailPlan, the maritime cleantech company, announced that Harvey Gulf International Marine, a deepwater marine transportation companies, has entered into a commercial agreement to add SailPlan to its fleet. The company has already seen quantifiable emissions reductions beginning with the Harvey Power, a 310-foot Platform Supply Vessel. The […]

ONGC Videsh Enters Development Stage Offshore Brazil at BM-SEAL-4

(ONGC, 24.Jan.2022) — ONGC Videsh Limited (OVL) had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the Operator of the block with 75% Participating Interest (PI) and in which partner ONGC Videsh holds 25% PI. ONGC […]

Forte Minerals Closes IPO; Commences Trading on the CSE

(Forte Minerals, 24.Jan.2022) — Forte Minerals Corp. (CSE:CUAU) completed its initial public offering of 9,583,332 units at a price of $0.30 per unit, which included the exercise in full of an over-allotment option. The offering generated aggregate gross proceeds of $2,874,999.60 pursuant to a final prospectus dated 12 November 2021. A Unit consisted of one […]

bpTT, UWI, and UTT To Advance Carbon Capture and Storage Research

(bpTT, 24.Jan.2022) — bpTT is aiding Trinidad and Tobago’s energy transition through its support for this country’s first Carbon Capture and Storage (CCS) mapping project. bpTT has committed $340,000 to the CCS Storage Atlas project which is jointly led by the University of the West Indies and University of Trinidad […]

NRGBriefs: Steel Dynamics Reports Financial Results

(Energy Analytics Institute, 24.Jan.2022) — Energy briefs including Steel Dynamics, Inc. (NASDAQ/GS: STLD) announcing 4Q:21 and YE:21 financial results; and New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announcing its BODs accepted the resignation of Dr. Mark Cruise as CEO and as BOD w/ New Pacific. NORTH AMERICA US — Steel […]

Astra Begins Trading on TSX Venture Exchange

(Astra, 24.Jan.2022) — Astra Exploration Inc. (TSXV: ASTR) (formerly Momentous Capital Corp.) closed its qualifying transaction and will commence trading on the TSX Venture Exchange (the “TSX-V”) on 26 January 2022 under the symbol “ASTR”. Company Highlights 25,056,753 shares outstanding (13,765,837 subject to escrow agreements) An expert technical team including the […]

Net-Zero Emissions by 2050 a Priority for the Region, Guyana’s President Says

(DPI, 24.Jan.2022) — His Excellency Dr Irfaan Ali today said that reaching Net-Zero emissions by 2050 is essential for the development of the region, but it would only be possible if the global system rectifies its inherent disparities and unevenness. In his keynote address to over 300 participants at the […]

Claire Fitzpatrick at Caribbean Sustainable Energy Conference 2022

(bpTT, 24.Jan.2022) — Opening remarks from Claire Fitzpatrick at the Caribbean Sustainable Energy Conference 2022. Opening remarks Good morning – all protocols observed. bpTT is honoured to continue its support for this conference and we welcome the expanded focus on sustainable energy and the wider Caribbean. When it comes to […]

Colombia inaugurates Isagen’s Guajira I project

PANAMA CITY, PANAMA (Energy Analytics Institute, 21.Jan.2022) — Colombia’s President Iván Duque and the country’s Mines and Energy Minister Diego Mesa finally inaugurated Isagen‘s Guajira I project. Guajira I is the largest wind farm in Colombia and the first built in more than 17 years in the country after Jepírachi […]

US Extends Citgo Protection

(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since […]

NRGBriefs: CSI Compressco Cash Distribution

(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; and PDVSA’s US refining arm Citgo Petroleum being Venezuela’s most priced int’l asset. NORTH AMERICA US — CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general […]

ExxonMobil, SABIC Start Ops at Gulf Coast Manufacturing Facility

(Exxon, 20.Jan.2022) — ExxonMobil and SABIC announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants. The operation includes a 1.8 million metric ton per year […]

NRGBriefs: Road Blockages in Southern Bolívar Impacting Oil Production

(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern Bolívar department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings […]

Solenis Announces Global Diversity Scholarship

(Solenis, 20.Jan.2022) — Solenis, a global producer of specialty chemicals, has launched the Global Diversity Scholarship as one element of a comprehensive diversity, equity and inclusion (DE&I) strategy. The scholarship program will help Solenis attract and retain diverse talent, an important driver of business performance. Solenis knows that a workforce representing a […]

Gold Port Says Drill Rig Fabrication Completed

(Gold Port Corp., 20.Jan.2022) — Gold Port Corporation, (CSE: GPO) (OTCQB: GPOTF) announced that fabrication of a Discovery I Core Rig, by Multi-Power Products Ltd of Kelowna, B.C., has now been completed. The state-of-the-art track mounted rig system along with support equipment and supplies is now being scheduled for delivery to Port […]

Can Trinidad and Tobago Pivot to Survive Evolving Natural Gas and LNG Markets?

(TT Geological Society, 20.Jan.2022) — Natural gas and by extension liquefied natural gas (LNG) have become forerunners in the hydrocarbon industry. The reputation of being a cheap, clean and an abundant fuel source more environmentally friendly than oil and coal has made it quite attractive amid renewable energy alternatives that […]

YPF Spuds Two Wells in Aguada del Chañar

(Energy Analytics Institute, 19.Jan.2022) — Argentina’s state owned YPF combined drilling operations at two wells in late December 2021 in the Aguada del Chañar area. The first well, Adch 1001, has a horizontal branch length of 2,448m and 38 fracture stages. The second well, Adch 1002, has a horizontal branch […]

Inspire Clean Energy to Accelerate a Carbon-Free Future

(Inspire Clean Energy, 19.Jan.2022) — Inspire Clean Energy, a subscription-based clean energy company, has announced a partnership with GivePower, a non-profit organization that provides solar-based solutions to secure food, water and electricity for people in regions that need them most. Through a program called the Brighter World Project, Inspire, together with its members, […]