(Equinor, 7.Jan.2022) — Equinor has, together with its partner Wellesley, discovered oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic metres of recoverable oil equivalent, or […]
NRGBriefs: Argentina Assumes Presidency of Celac
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Argentina’s President Alberto Fernández assuming the presidency of Celac; and Ecuador continuing to recuperate its oil production after resuming ops at it SOTE and OCP pipelines. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s President Alberto Fernández assumed the presidency of Celac […]
Guyana Gov’t Searches for Firm to Review Fourth Oil Development
(DPI, 7.Jan.2022) — The Government of Guyana (GoG), through the Ministry of Natural Resources (MNR) is requesting proposals from consultants and firms to review and evaluate the Field Development Plan (FDP) of Yellowtail – Guyana’s fourth oil development. In the Requests for Proposals (RFP) issued on Thursday, the Natural Resources […]
NRGBriefs: Suriname’s Oil Sector Awaits Time to Shine
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Suriname awaiting its turn to be bathed in the glare of its own oil wealth; and Genuine Parts Company (NYSE: GPC) pricing an aggregate $1bn of senior notes. LATIN AMERICA AND THE CARIBBEAN Suriname — W/ Guyana currently bathed in the spotlight created by the […]
Power Equipment Buys Golden Equipment
(Power Equipment Company, 7.Jan.2022) — Power Equipment Company acquired Golden Equipment Company, a full-service heavy equipment dealership with locations in Albuquerque, NM, Farmington, NM and Durango, CO. The acquisition bolsters Power Equipment Company’s presence in New Mexico and Southwestern Colorado with additional equipment and support solutions in the rolling stock, compact, aggregate, crane, and paving & compaction segments of […]
New GM Electric Truck Faces Competition and Sceptical Buyers
(AP, 7.Jan.2022) — The competition among United States automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the top-selling US automaker, officially unveiled the Chevrolet Silverado EV on Wednesday with a virtual press conference at the CES gadget show. Work truck versions go on […]
NRGBriefs: Bolivia’s Urea Exports to Argentina, Brazil, and Peru
(Energy Analytics Institute, 6.Jan.2022) — Energy briefs including Bolivia’s urea production gaining mkt shr in Argentina, Brazil and Peru in less than 4 mths; Chile building more than 6,600MW of renewable, solar and wind energy in 2021; EP PetroEcuador lifting force majeure after completing work on bypasses at the Trans-Ecuadorian […]
Sembcorp Marine Completes First Floating Production Unit Newbuild
(Sembcorp Marine Ltd, 6.Jan.2022) — Sembcorp Marine Ltd successfully completed the Vito Regional Production Facility (Vito RPF) for Shell Offshore Inc. With the Vito RPF, the group’s first floating production unit, Sembcorp Marine marks another major milestone in its newbuilding track record. The successful delivery further demonstrates the group’s Tuas […]
Lithium South Outlines 2022 Corporate Plan
(Lithium South, 6.Jan.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) provides its shareholders a comprehensive Corporate Plan for 2022. Lithium South is focused on the further development of the Hombre Muerto North Lithium Project located in Salta Province, Argentina, on one of the world’s premium salars. Work to […]
ExxonMobil SVP Cousins Comments on Recent Finds Offshore Guyana
(Energy Analytics Institute, 6.Jan.2022) — ExxonMobil Senior Vice President Michael G. Cousins commented on the company’s two most successful wells offshore Guyana in the Stabroek Block. “With the latest discovery news out of Guyana, ExxonMobil has announced that two recently drilled wells in the Stabroek Block hit pay zones bearing a […]
Pattern Energy Completes Construction of Historic Renewable Energy Project
(Pattern Energy, 6.Jan.2022) — Pattern Energy Group LP completed construction and begun commercial operation of its suite of Western Spirit Wind power projects. Western Spirit Wind is comprised of four wind power facilities totaling more than 1,050 megawatts (MW) located in Guadalupe, Lincoln, and Torrance Counties in central New Mexico. U.S. Senator Martin Heinrich said, “The largest […]
Ecuador Continues to Recover Production, Transport, Refining Operations
(Energy Analytics Institute, 6.Jan.2022) — Ecuador’s oil production has returned to 93% of levels seen before preventive stoppages were executed at the country’s oil and product pipelines in early-December 2021 due to advancing soil erosion of the Piedra Fina river in Napo Province. “The decision to lift the force majeure […]
Heatwave to Hit Argentina, Further Stressing Corn, Soybean Crops
(Reuters, 6.Jan.2022) — Most of Argentina’s agricultural region will be hit in the coming days by a heatwave accompanied by little or no rainfall, adding pressure to adverse conditions that its corn and soybean crops have suffered for weeks, the Buenos Aires Grains Exchange said on Thursday. Argentina is the […]
Petrobras Still Seeking to Divest up to 100% in Braskem
(Petrobras, 6.Jan.2022) — Petrobras, regarding the news published in the media, clarifies that, as disclosed on 16 December 2021, it maintains its position of seeking the sale of up to 100% of the preferred shares it holds in Braskem S.A., to be conducted through secondary public offering(s) of shares (follow-on), […]
Petrobras, Novonor Pick Banks for $1.5bn Braskem Share Sale
(Bloomberg, 5.Jan.2022) — The controlling shareholders of Braskem SA, one of the world’s top petrochemical makers, have picked banks to unload a roughly $1.5 billion stake in the firm, people familiar with the matter said. Novonor — previously known as Odebrecht — and oil giant Petrobras are working with JPMorgan […]
NGC and Shell Ink a HOA to Move Forward the Manatee Gas Project
(NGC, 5.Jan.2022) — NGC signed a Heads of Agreement (HOA) with Shell to start the pre-Front End Engineering Design (pre- FEED) phase for the processing of Manatee gas via NGC’s Beachfield Facility. The HOA sets the frame for technical and commercial work to enable further progress through this phase of […]
Hess Reports Two Finds Offshore Guyana
(Hess, 5.Jan.2022) — Hess Corporation (NYSE: HES) announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 10 billion barrels of oil equivalent. The Fangtooth-1 well encountered approximately 164 feet […]
Thousands Protest Argentina Oil Exploration Project
(AFP, 5.Jan.2022) — Thousands marched Tuesday along the beaches of Argentina’s Mar del Plata to protest an oil exploration project off the Atlantic coast. Carrying placards reading, “Oil is death”, “A sea without oil tankers” and “No to pollution”, demonstrators marched to drums, while classical dancers performed. The group oppose […]
Staatsolie Revenue on the Rise
(CMC, 5.Jan.2022) — Staatsolie of Suriname estimates that its gross revenues for last year is in the vicinity of US$400 million, nearly half of which will be paid to the government in taxes, dividends and royalties. That’s up from 2020 when the state-owned company said it paid US$132 million in […]
ExxonMobil Finds More Oil at Two Wells in Guyana’s Stabroek Block
(Exxon, 5.Jan.2022) — ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles […]
NRGBriefs: Presidential Elections in Brazil and Colombia
(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]
Atlas by SEAL Awards for Environmental Initiative with Primates
(Atlas, 4.Jan.2022) — Atlas Renewable Energy has been recognized as SEAL Awards’ Business Sustainability winner under the Environmental Initiative Award Category. Atlas was recognized for its environmental activity to preserve and protect the Howler Monkey species near its 444MW photovoltaic project La Pimienta, located in Mexico’s municipality of Carmen in the state of Campeche. The program […]
Venezuela Doubles Crude Oil Exports Defying US Sanctions
(Bloomberg, 3.Jan.2022) — Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions. Shipments averaged 619,000 barrels a day in December. The OPEC-founding member increased exports for a third straight month with the support of ally […]
NRGBriefs: Buenos Aires Power Outages
(Energy Analytics Institute, 3.Jan.2022) — Energy briefs including power outages in Buenos Aires, Argentina; Brazilian fuel distributors supplying 1.3bn liters of biofuels in the 1Q:22; Venezuela’s opposition-led National Assembly deciding to back Juan Guaidó for another yr; and more. LATIN AMERICA AND THE CARIBBEAN Argentina — Residents in various sectors […]
![Brazil’s Oil Production Rose 2.7% in November [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/anp-brasil-oil.jpg)
Brazil’s Oil Production Rose 2.7% in November [PDF Download]
(Energy Analytics Institute, 3.Jan.2022) — Brazil’s national production of crude oil and natural gas totaled 3,711 million barrels of oil equivalent per day (MMboe/d) in November 2021, comprised of 2,852 million barrels per day (MMb/d) of oil and 137 million cubic meters (MMm3/d) of gas. Brazil’s oil production in November […]
ENAP Sipetrol Egypt Awarded West Amer Block in the Gulf of Suez
(Enap, 3.Jan.2022) — This assignment strengthens the exploration portfolio and confirms ENAP‘s good results in that country. ENAP Sipetrol Egypt has been awarded a new exploration and development contract in the African country. It is the West Amer block, which is located in the central sector of the Gulf of […]
Ecuador Oil Sector to See Busy Year
(S&P Global Platts, 3.Jan.2022) — Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign investment. Lasso’s new center-right government, which has set out to […]
Geophyxs’s Search for Gold Continues
(Jamaica Observer, 2.Jan.2022) — Mineral exploration company Geophysx Jamaica Limited following preliminary findings from a series of exploration activities done locally has moved to roll-out phase three of the project, through which it seeks to confirm commercial finds in gold, copper and rare earth minerals. “We have now completed the first […]
Montenegro’s EPCG To Study Gas-fired Power Plant Projects
(EPCG, 2.Jan.2022) — Elektroprivreda Crne Gore AD Nikšić (EPCG) is the National Energy Company of Montenegro. The primary activities carried out by EPCG are electricity generation, electricity supply, electricity trading, construction and maintenance of electric power facilities, designing and supervision, and other activities prescribed by the Statute of EPCG. Starting from […]
White & Case Advises Trinidad on Atlantic LNG Heads of Agreement Deal
(White & Case, 27.Jan.2022) — Global law firm White & Case LLP has advised the Government of the Republic of Trinidad and Tobago, acting through the Ministry of Energy and Energy Industries, on a Heads of Agreement (“HOA”) for the restructuring of Atlantic LNG, one of largest exporters of LNG […]
Trinidad’s Energy Minister Provides Annual Video Update
(Energy Analytics Institute, 31.Dec.2021) — Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young commented in an annual video update from Port of Spain on key oil, gas and renewable achievements announced by the ministry in 2021. What follows are excerpts from his video briefing: — “We are […]
Record Gas Prices in Jamaica
(Jamaica Observer, 30.Dec.2021) — Pump prices touch a new record today after jumping by the most in two months. Petrojam on Wednesday hiked the price of a litre of both grades of gasoline by $3. That was the most those prices have gone up since October 28. The increase takes […]
NRGBriefs: Great Panther Files Defense to Infractions
(Energy Analytics Institute, 30.Dec.2021) — Energy briefs including Great Panther filing a defense to three infraction notices delivered to its Brazilian subsidiary, Mina Tucano Ltda.; and Enbridge Inc. closing a deal whereby an Enbridge subsidiary sold its 38.9% non-operating minority ownership interest in Noverco Inc. to Trencap L.P. LATIN AMERICA […]
Brazilian Elections Will Not Affect Petrobras Pricing, CEO Pledges
(Reuters, 30.Dec.2021) — Brazil’s 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA, as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows […]
Petrobras Responds to Preliminary Injunctions on Gas Contracts
(Petrobras, 30.Dec.2021) — Petrobras was notified, on this date, of preliminary decisions rendered by the Court of Justice of the State of Rio de Janeiro that determined the maintenance of the conditions of the contracts entered into between Petrobras and state distributors (CEG and CEG RIO), which will expire on […]
Game Changing Local Content Bill Passed in Guyana
(DPI, 30.Dec.2021) — “We want to ensure that with this Bill, Guyanese reap the benefits from the oil and gas sector. This bill will help us to truly assess our capacity, as well as what is needed to build capacity in Guyana. As a government, we are committed to working […]
Banks Express Belief in Caribbean Renewable Energy Future
(Jamaica Observer, 29.Dec.2021) — Even with Jamaica not having any new request for proposal (RFP) since early 2016, more banks and other lenders have begun to embrace their role in de-carbonising the grid and facilitating the growth of renewable energy projects. This comes after CIBC FirstCaribbean International Bank (CIBC FCIB) […]
NRGBriefs: Ecuador Eyes Restarting OCP
(Energy Analytics Institute, 29.Dec.2021) — Energy briefs including Ecuador expecting to restart ops at OCP on 31 Dec. 2021; and Y&V Ingeniería y Construcción saying it hasn’t diminished its operational capacity. LATIN AMERICA AND THE CARIBBEAN Ecuador — Operations at the 450,000 b/d capacity Heavy Crude Pipeline (OCP) are expected […]
NGC Expands Energy Marketing and Trading Portfolio
(NGC, 29.Dec.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) continues to move forward with its green initiatives through expansion of its energy portfolio and is creating value for the Company and Trinidad and Tobago, marking a major development in its growth and investment strategy. On 21 […]
Venezuela’s 2021 Crude Output Shows No Growth from Last Year
(S&P Global Platts, 29.Dec.2021) — Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according to an internal report reviewed by S&P Global Platts. The average year was slightly below 2020 when production averaged 570,000 b/d and the 2019 record […]
Orvana Files 2021 Annual Info
(Orvana, 29.Dec.2021) — Orvana Minerals Corp. (TSX: ORV) filed its annual info. For for the year ended 30 September 2021 (the “AIF”) and independent 43-101 report on the Don Mario Tailings Reprocessing Project, Eastern Bolivia. The company also provided a summary of its updated preliminary assessment report for Taguas Project, which will be […]
Touchstone Reveals Inaugural 2020 Sustainability Report
(Touchstone, 29.Dec.2021) — Touchstone Exploration Inc. presented its inaugural 2020 Sustainability Report, outlining our progress and initiatives on environmental, social and governance (ESG) practices. This report was approved by the company’s Board of Directors and provides all stakeholders insight into our environmental stewardship, community involvement and effective governance standards. Paul […]
ExxonMobil Reports ‘Safe’ Year for Guyana Operations
(CMC, 29.Dec.2022) — ExxonMobil Guyana says 2021 has been a safe year for the oil company, noting that there had been many days across offshore operations without major incident. “The crew on board the Liza Destiny FPSO, for instance, has reached more than 800 days without a recordable incident,” said […]
Great Panther Reveals Board Changes
(Great Panther, 28.Dec.2021) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) announces the resignation of David Garofalo as Director and Chair of the Board of Directors, effective immediately, in order to focus on other business commitments. Alan Hair, independent director of Great Panther, has been appointed as the new […]
CIT Provides $35.5mn to Greenyield Shipping LLC
(CIT Group, 28.Dec.2021) — CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business provided $35.5mn to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe’s leading alternative asset management firms, which has employed a multi-disciplined approach towards investments in the maritime sector and has […]
Jinko Solar Completes IPO Registration
(JinkoSolar, 28.Dec.2021) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that according to the information published by the China Securities Regulatory Commission (CSRC), its principal operating subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) has completed its initial public offering (IPO) registration process with the CSRC and will soon enter the issuance […]
Mexico Plans to End Oil Exports in 2023 to Reach Self-Sufficiency
(Bloomberg, 28.Dec.2021) — Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market. Petroleos Mexicanos, the Mexican state-owned producer known as Pemex, will reduce crude oil exports to 435,000 […]
Q&A: Excelerate Looks South for LNG Opportunities
(Argus, 28.Dec.2021) — Brazil’s unfolding market opening for natural gas could also create opportunities for LNG in the region as a complementary energy source, US energy firm Excelerate Energy believes. Vice president for South America Gabriela Aguilar talked to Argus about the new mindset for energy integration between Brazil and […]
Colombia Knocks Out Illegal Refineries Belonging to ELN
(Reuters, 28.Dec.2021) — Colombian security forces on Tuesday neutralized two clandestine refineries in the country’s northeast which belonged to the rebel National Liberation Army (ELN), the defense ministry said. The operation in Norte de Santander province, which sits on Colombia’s border with Venezuela, involved 900 members of the military and […]
Chile Eyes Green Hydrogen Projects After Financing Round
(Energy Analytics Institute, 28.Dec.2021) — The Chilean government announced six companies were selected in the country’s financing round related to its National Green Hydrogen Strategy. It’s estimated the awarded projects, with an electrolysis capacity of 388 megawatts, will attract investments of $1bn, Chile’s Energy Secretariat announced 28 Dec. 2021 in […]