(Bristow, 19.Jan.2022) — Bristow Group Inc. (NYSE: VTOL), the leading global provider of vertical flight solutions, announced that the Netherlands Defence Materiel Organisation (DMO) has awarded Bristow their prestigious contract to provide search and rescue helicopter capacity to the Netherlands Coastguard. The 10-year contract, with two one-year extension options, will commence […]
Petrobras on Potiguar Cluster Divestment
(Petrobras, 19.Jan.2022) — Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that, as […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil giant PDVSA revealing its total debt stood at $34.894bn at YE:21. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s President […]
Eco Atlantic Boosts Stake in Exxon Partner Offshore Guyana
(Proactive Investors, 19.Jan.2022) — Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) increased its interest in JHI Associates Inc, a junior explorer offshore Guyana, which is partnered with Exxon in the Canje Block. AIM-quoted Eco bought 800,000 shares, worth around £312,000, in JHI by exchanging 1.2mln new Eco shares. It takes Eco’s […]
Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year
(Reuters, 19.Jan.2022) — Ecuador’s state-owned oil company, Petroecuador, is targeting average output of 425,000 barrels of oil equivalent per day (boed) by the end of 2022, manager Italo Cedeno said on Wednesday. Petroecaudor’s production averaged some 380,000 boed until November. It dwindled to a trickle in December after pumping through […]
Frontera Finds Oil at Jandaya-1 Well in Ecuador
(Frontera, 19.Jan.2022) — Frontera Energy Corporation (TSX: FEC) discovered hydrocarbons at the Jandaya-1 exploration well on the Perico block (Frontera 50% W.I. and operator, GeoPark Limited 50% W.I.) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are pleased to announce a discovery at the Jandaya-1 exploration well. Jandaya-1 […]
Lithium Exploration at Cuprite West and Cuprite East
(Australian Goldfields, 19.Jan.2022) — Australian Goldfields Limited (formerly Graphite Energy Corp.) (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) provided an exploration update for the Cuprite East and Cuprite West Projects located in the Pilbara Region of Western Australia. The projects are two separate blocks with E45/4918 (Cuprite East) at 6,936 hectares and E45/5028 (Cuprite […]
Orea Announces $500,000 Private Placement
(Orea Mining, 18.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) announced a non-brokered private placement for gross proceeds of up to CAD$500,000. The Private Placement is for up to 4,166,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea, and a […]
The Caribbean Sustainable Energy Conference (24-26 Jan. 2022)
(The Energy Chamber, 18.Jan.2022) — The Energy Chamber of Trinidad and Tobago first established this conference back in 2017. The conference has since grown in terms of its prominence in the energy landscape in T&T and the wider region. The conference had several iterations of its name, however it will […]
Wintershall to Sell Stakes in Two Argentine Blocks for $140mn
(Offshore Technology, 18.Jan.2022) — Wintershall Dea Argentina has agreed to sell a 50% operated working stake in the unconventional Aguada Federal and Bandurria Norte blocks, in Argentina, to Vista Oil and Gas for $140m. According to the terms of the deal, Vista will pay $90m on or prior to 18 January 2022. The remaining […]
In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
(The New York Times, 18.Jan.2022) — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston who secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company, which is acquiring […]
Ecuador Indigenous Demand Rights to Consent on Extractive Projects
(Reuters, 18.Jan.2022) — Indigenous communities in Ecuador on Tuesday presented hundreds of thousands of signatures to the country’s top court to demand their right to make final decisions on use of ancestral lands they say are threatened by expansion of extractive projects. The indigenous A’i Cofan and Waorani communities, from […]
Brazil Gas Industry Sees Risk on ‘Hasty’ State Laws
(Argus, 18.Jan.2022) — Some of Brazil’s largest natural gas consumers, pipeline companies and oil and gas producers are complaining that new state laws could reduce competition in the gas market. Brazilian association of energy intensive consumers ABRACE, gas transporters’ association Atgas, and Brazil’s oil and gas institute IBP released a […]
Wintershall Dea Awarded Seven New Licences in APA 2021 Round in Norway
(Wintershall Dea, 18.Jan.2022) — Wintershall Dea has been awarded seven exploration licenses in the annual Awards in Predefined Areas (APA) round in Norway, including four as operator. The new awards strengthen Europe’s leading independent gas and oil company’s position on the Norwegian Continental Shelf. “We value the stable APA licensing […]
Wintershall Dea Exits Activities in Brazil
(Wintershall Dea, 17.Jan.2022) — Wintershall Dea decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. The termination of its operations in the country will be made in accordance with all contractual and legal regulations. […]
Wintershall Dea Sells its Shares in Shale Oil Blocks in Argentina
(Wintershall Dea, 17.Jan.2022) — Wintershall Dea Argentina S.A. has reached an agreement with Vista on the sale of its 50% interest including operatorship in the unconventional Aguada Federal and Bandurria Norte blocks in the Argentine province of Neuquén. Vista had only recently acquired the 50% share of ConocoPhillips in the […]
MPC Energy Solutions Breaks Ground on 2nd Solar Power Plant in Colombia
(MPC Energy Solutions, 17.Jan.2022) — MPC Energy Solutions (MPCES) commenced construction of Parque Solar Los Girasoles, a solar photovoltaic (PV) plant in Colombia that will supply around 23 GWh a year – equivalent to the energy consumption of over 17,000 people. MPC Energy Solutions is investing $11mn to bring Los Girasoles online, and the project is expected to generate […]
Orea Provides Update on Montagne d’Or Gold Deposit Mining Titles
(Orea Mining, 17.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provides an update on the request for a final appeal filed by the French Government on the renewal of the 5-million-ounce Montagne d’Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc. As […]
Petrobras on Sale of Braskem Stake
(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guyana, Irfaan Ali, […]
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Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]
(Energy Analytics Institute, 15.Jan.2022) — Venezuela’s President Nicolás Maduro, during his 15 January 2022 annual address to the nation, said the OPEC country’s oil production goal in 2022 was to reach 2 million barrels per day. Excerpts from his speech follow: Highlights — “In December 2021 we achieved an important […]
NRGBriefs: Fedeunep Calling for Dollarization of Salaries
(Energy Analytics Institute, 15.Jan.2022) — Energy briefs including Chile’s state oil and gas entity ENAP celebrating 66 yrs of operations at the Aconcagua Refinery; construction of Mexico’s Olmeca Refinery progressing according to SENER’s plans; and Fedeunep pushing for the dollarization of salaries in Venezuela. Chile — Since its foundation 66 […]
EP PetroEcuador Continues with Work on Pipeline Bypasses
(Energy Analytics Institute, 15.Jan.2022) — EP PetroEcuador continues with work on a seventh bypass for the Trans-Ecuadorian Oil Pipeline System (SOTE) aimed at protecting the infrastructure and avoiding further stoppages that affect the country’s economy. EP PetroEcuador General Manager Ítalo Cedeño together with company Transportation Manager, Washington Gallegos, and a […]
Ecuador Ratifies Creation Of New Galapagos Marine Reserve
(Ministerio de Ambiente, Agua y Transición Ecológica del Ecuador, 14.Jan.2022) — The newly created marine reserve adds 60,000 square kilometers to the Galapagos Marine Reserve. The marine reserve is divided into two halves, the first 30,000 square kilometers set a strict prohibition to any fishing activities; the other 30,000 is […]
Maersk Awarded One-well Extension in Suriname for Maersk Valiant
(Maersk, 14.Jan.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in […]
Argentina Lithium Engages Zoppa Media Group
(Argentina Lithium & Energy Corp., 14.Jan.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) retained Zoppa Media Group to act as an investor relations consultant to the company, to assist with corporate finance and investor relations programs. Zoppa has been engaged for a term of one year […]
NRGBriefs: Argentina Asks Users to Reduce Energy Demand
(Energy Analytics Institute, 14.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat Darío Martínez asking users to reduce their energy demand during peak hours; and Acipet denouncing the kidnapping of engineer Diego Fernando Lozano in Norte de Santander Bogotá. LATIN AMERICA AND THE CARIBBEAN Argentina — High temperatures and high energy […]
Colombia Presidential Favorite Gustavo Petro Wants to Form a Global Anti-Oil Bloc
(Bloomberg, 14.Jan.2022) — Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels. Oil and coal currently account for nearly half of Colombia’s exports, but Petro says if […]
Echo Energy Enters Chile with 70% Interest in Solar Project
(Alliance News, 14.Jan.2022) — Echo Energy PLC announced on Friday it had entered the Chilean solar energy market and reported a 71% increase in total liquid sales in its fourth quarter. Shares in Echo Energy were down 15% at 0.46 pence on Friday afternoon in London. The stock had risen […]
Petrobras Comments on 2021 Production, Cuts 2022 Target
(Petrobras, 14.Jan.2022) — Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt; • own production in the pre-salt, […]
Jinko Solar Co., Ltd.’s IPO Pricing Announced by Shanghai Stock Exchange
(JinkoSolar, 13.Jan.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) is in the process of applying for an initial public offering (IPO) of the company’s principal operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), on the Shanghai Stock Exchange‘s Sci-Tech innovation board. Jiangxi Jinko’s IPO pricing has been announced by the Shanghai […]
SSR Mining to Divest Pitarrilla Project for Total Consideration of up to $127mn
(SSR Mining, 13.Jan.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) entered into a definitive agreement to sell its Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. (TSX: EDR;NYSE: EXK) for total consideration of up to $127mn. Total consideration consists of $35mn in cash, $35mn in Endeavour Silver shares (with the number of shares to be issued […]
Lithium South Acquires 2,400 Hectares at Hombre Muerto in Argentina
(Lithium South Development Corporation, 13.Jan.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) acquired key ground situated near the Hombre Muerto North Lithium Project located in Salta Province, Argentina, on one of the world’s premium salars. The Sophia I, II and III non-contiguous claim blocks are located approximately 5 kilometers […]
Venezuela Gasoline Pipeline Damaged in Explosion; PDVSA Blames “Sabotage”
(Reuters, 12.Jan.2022) — Venezuela’s state-owned oil company PDVSA on Wednesday blamed an explosion along a major gasoline pipeline on “criminal sabotage”, adding that the line would be repaired swiftly. Authorities in Venezuela’s eastern Anzoategui state reported the blast late on Tuesday. It was presumably caused by “attempts to perforate the […]
Sorcia Minerals Expands Technology Usage Into New Argentina Salar
(International Battery Metals, 11.Jan.2022) — International Battery Metals Ltd. (CSE: IBAT) (OTC: RHHNF) (FSE: 8RE) announced that Ensorcia Metals Corporation affiliate Sorcia Minerals LLC formed a joint venture with Terra Novo Energy, Triangle Lithium LLC, for the purpose of acquiring and developing specific assets related to the exploration and development […]
CARICOM Secretariat Takes Over Georgetown Solar Plant
(Energy Analytics Institute, 11.Jan.2022) — The CARICOM Secretariat located in Georgetown, Guyana signed a handover agreement to take charge of a solar photovoltaic power generation plant. The secretariat is set to obtain energy from the 400kw project, built with 1,500 solar panels and servers and batteries, the secretariat said 11 […]
Saipem Inks Two New Offshore Deals in Australia and Guyana
(Saipem 11.Jan.2022) — Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD. Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to […]
NRGBriefs: Argentine Power Outage
(Energy Analytics Institute, 11.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat Darío Martínez inspecting facilities in Buenos Aires in an attempt to restore electric power service to parts of the city amid a roaring heat wave; and Ecuador receiving its first import of liquefied natural gas from Sycar LLC. LATIN […]
Q&A: Brazil to Offer Incentives for Shale Exploration
(Argus, 11.Jan.2022) — Brazil wants to start exploration and production of non-conventional gas resources, such as shale and tight gas, rekindling the public debate that prevented the country from such operations in the mid-2010s. Argus talked to Rafael Bastos da Silva, oil and gas secretary at the ministry of mines […]
Saipem wins $1.1bn contracts in Australia and Guyana
(Reuters, 11.Jan.2022) — Italian energy services group Saipem said on Tuesday it had won two offshore contracts in Australia and Guyana for a total amount of $1.1 billion. One of the contracts relates to the Scarborough gas field in the Carnarvon Basin, offshore Western Australia, for the export trunkline coating […]
State Win for Venezuela’s Opposition Masks Deeper Problems
(Al Jazeera, 11.Jan.2022) — Despite a symbolic victory in Hugo Chavez’s home state, analysts say the opposition has few options left. Venezuela’s opposition has won an important symbolic battle in securing the governorship in Barinas State, but analysts say they are still losing the broader political war with government forces. On […]
World Bank: Global Growth to Slow Through 2023
(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic […]
AES Increases its Ownership of AES Andes to 98.13%
(AES, 10.Jan.2022) — The AES Corporation (NYSE: AES) announced the positive results of the tender offer by AES’ wholly-owned Chilean subsidiary, Inversiones Cachagua SpA, for the shares of AES Andes S.A. held by minority shareholders. Upon completion, which is expected on or about January 12, 2022, AES will increase its interest in […]
Sorcia Minerals adds Resources Through JV
(Sorcia Minerals, 10.Jan.2022) — Sorcia Minerals formed a joint venture with Terra Novo Energy, Triangle Lithium LLC, for the purpose of acquiring and developing specific assets related to the exploration and development of lithium. Triangle through its affiliation with Sorcia, will develop lithium resources utilizing International Battery Metals’ proprietary direct lithium extraction […]
Ceiba Energy Wins PPA for 1.6GW Portocem Project in Brazil
(Ceiba Energy, 10.Jan.2022) — Houston-based power company Ceiba Energy, backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm, announced the successful bid of its Portocem project for a 15-year PPA to build, own and operate a new 1.6 GW power plant in Brazil. Ceiba Energy’s […]
NRGBriefs: Chile Eyes Reducing CO2 Emissions by 35% by 2030
(Energy Analytics Institute, 10.Jan.2022) — Energy briefs including Chile enacting the country’s first Energy Efficiency Law in its history; bp naming Andrés Guevara De la Vega as its new president over bp in Spain; and more. EUROPE Spain — Andrés Guevara De la Vega has been name as the new […]
YPF Expects New Offshore Project to Produce up to 200,000 b/d
(S&P Global Platts, 10.Jan.2022) — Argentina’s state-backed energy company YPF expects its first offshore project in years to produce up to 200,000 b/d, helping to increase exports, chairman Pablo Gonzalez said. “Argentina has enormous potential in its offshore basin,” he said in comments shared by a company source Jan. 10. […]
NRGBriefs: Barinas Governor Election in Venezuela
(Energy Analytics Institute, 9.Jan.2022) — Energy briefs including results from the 9 Jan. 2022 governor election in Venezuela’s Barinas state; and the Deer Park refinery sale to Pemex surviving a court challenge in a federal court in Houston. LATIN AMERICA AND THE CARIBBEAN Mexico — The Deer Park refinery sale […]
Argentina’s Energy Secretariat Martinez Comments on Offshore Exploration
(Energy Analytics Institute, 9.Jan.2022) — Argentina’s government approved in late December 2021 an environmental license for state owned YPF together with Equinor and Shell to move forward with seismic activities offshore in the CAN 100 block. Argentina’s Energy Secretariat Darío Martínez commented on the news amid protests across Argentina against […]
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UNICEF Brazil Flash Situation on Bahia Floods [PDF Download]
(UNICEF, 8.Jan.2022) — The southern part of Bahia state and north of Minas Gerais state have been affected by a dam collapse, heavy rains and floods with 17 municipalities. UNICEF flash note key points follow. Highlights • 163 municipalities reported emergency state due to a dam collapse followed by flooding […]