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Petrobras Carries Out Payment To Shareholders

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(Petrobras, 15.Dec.2021) — Petrobras, following up on the releases disclosed on 4 August 2021, 28 September 2021, and 19 November 2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of […]

PROVIRIDIS Buys Battery Storage Technology From ADS-TEC Energy

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(ADS-TEC Energy GmbH, 14.Dec.2021) — ADS-TEC Energy GmbH announces that PROVIRIDIS bought its battery storage technology for smart multi-energy filling stations in France. The storage systems in container format supply each two fast charging points with their own PV power, increase grid performance and smooth load peaks. Three locations have been […]

NRGBriefs: Venezuela’s Oil Minister El Aissami Says He’s Fine

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(Energy Analytics Institute, 14.Dec.2021) — Energy briefs including EP PetroEcuador announcing it has sufficient fuel supplies at all its terminals despite transport issues impacting Ecuador’s two oil pipelines and one derivatives pipeline; ExxonMobil reiterating the Liza Unity FPSO will commence ops by 2022 offshore Guyana; Venezuela’s oil minister Tareck El […]

Challenger Reports On B/S Restructuring, License Renewals

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(Challenger Energy, 13.Dec.2021) — Challenger Energy Group Plc (AIM: CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, development, appraisal and exploration assets across the region, provides the following update on its balance sheet restructuring, licence renewal process, and general operational matters. Balance Sheet Restructuring The […]

NRGBriefs: Ecuador Declares Force Majeure On Oil Exports

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(Energy Analytics Institute, 13.Dec.2021) — Energy briefs including Ecuador’s gov’t declaring force majeure on 12 Dec. 2021 on oil exports due to erosion issues around the Piedra Fina River and other tributaries of the Quijos River; Argentina celebrating Petroleum Day; TechnipFMC being awarded three frame agreements by Petrobras; and more. […]

Bristow Completes Move To Offshore Ops Using Sustainable Aviation Fuel

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(Bristow, 10.Dec.2021) — Bristow Group Inc. (NYSE: VTOL) completed an offshore revenue flight using sustainable aviation fuel (SAF), marking one of the first SAF-powered flights to an offshore operation in the UK Continental Shelf (UKCS). The aircraft flew from Aberdeen to installations operated by bp. As part of its strategic relationship […]

WEB Aruba And Eagle LNG Ink Clean LNG Supply Deal

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(Eagle LNG, 9.Dec.2021) — Eagle LNG Partners LLC, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied natural gas (LNG) receiving and regasification terminal in Aruba with WEB Aruba, the local power and water utility. The project confirms Aruba’s growing importance as a regional hub and […]

Ecopetrol To Invest $4.8-$5.8bn In 2022

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(Ecopetrol, 9.Dec.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that its Board of Directors approved the 2022 organic investment plan for the GE, for an estimated amount between $4.8bn to $5.8bn. Highlights: The Investment Plan of the Ecopetrol Group (GE for its Spanish acronym) for 2022, approved by the Board of Directors, is oriented towards […]

Excelerate Energy Initiates Ops At Bahia LNG Terminal

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(Excelerate, 9.Dec.2021) — Excelerate Energy L.P. announced that on 8 December 2021 it started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia. Excelerate’s floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173,400 cubic meters, is providing […]

CCUS and Upstream Production in Brazil

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(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply Chain Service from November 2021. Petrobras has one of the three largest (if not the largest) carbon capture, utilization, and storage (CCUS) projects in operation […]

Brazil is in Water Crisis

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(Nature, 8.Dec.2021) — Brazil has the largest amount of fresh water in the world. Two-thirds of what flows in the Amazon River alone could supply the world’s demand. Yet much of the nation now faces drought. It’s the worst in many decades in a nation that grows more than one-third […]

Equinor Boost Ownership In The Statfjord Field

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(Equinor, 8.Dec.2021) — Equinor entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by three integrated production platforms (Statfjord A, B, C). All licenses are operated by Equinor. Both parties agreed […]

Excelerate Energy Hosts Tree Planting Initiative In Bangladesh

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(Excelerate, 8.Dec.2021) — Excelerate Energy, a U.S.-based LNG company, organized a tree planting initiative on November 17, 2021 at Zero Point, Moheshkhali Island in Cox’s Bazar. Excelerate employees, with the help of the local community, business leaders, and officials, planted 10,000 mangroves across two acres of land to help raise […]

SAExploration Announces Executive Changes

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(SAExploration, 7.Dec.2021) — SAExploration Holdings, Inc. announced that Michael J. Faust, President and Chief Executive Officer, will retire from his executive positions, effective 1 January 2022. He will continue to serve on the Company’s Board of Directors and in a consulting capacity. Mike has served on the Board of Directors since 2017.  He […]

Equinor Invests In Battery Storage

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(Equinor, 6.Dec.2021) — Equinor signed an agreement with Noriker Power Limited, a leading battery storage developer in the United Kingdom focusing on the engineering and project development of utility scale storage and stability services. The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire […]

Höegh LNG Holdings Initiates Buyout Offer for Höegh LNG Partners LP

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(Höegh LNG, 6.Dec.2021) — Höegh LNG Holdings Ltd. submitted a non-binding proposal to the Board of Directors of Höegh LNG Partners LP (HMLP) pursuant to which Höegh LNG would acquire through a wholly owned subsidiary all publicly held common units of the Partnership in exchange for $4.25 in cash per common unit. If approved, the […]

Solaris Announces Proposed Spin-Out Of Non-Core Assets

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(Solaris, 6.Dec.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. pursuant to an internal re-organization. Following the Re-Organization, it is expected that 100% of the common shares of Solaris Exploration […]

SSR Mining Reveals Acquisition of Taiga Gold

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(SSR Mining, 2.Dec.2021) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) and Taiga Gold Corp. (CSE: TGC) have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price […]

Chevron Reveals $15bn Capital and Exploratory Budget for 2022

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(Chevron, 1.Dec.2021) — Chevron Corporation (NYSE: CVX) announced a 2022 organic capital and exploratory spending program of $15bn, at the low end of its $15bn to $17bn guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron’s objective of higher returns and lower carbon, including approximately $800mn in lower carbon […]

Freepoint Eco-Systems To Build Recycling Facility In Ohio

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(Freepoint Eco-Systems, 1.Dec.2021) — Freepoint Eco-Systems LLC plans to build an advanced recycling facility in Ohio that will convert waste plastic into feedstock for use in the production of prime-quality plastic. The Ohio facility will recycle approximately 90,000 tons per year of end-of-life plastic that would otherwise be destined for […]

Maersk Re-enters One-well Deal With Petrogas

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(Maersk, 1.Dec.2021) — Maersk Drilling and Petrogas North Sea Ltd have agreed to exercise the previously agreed exclusive option to employ the harsh-environment jack-up rig Maersk Resilient to drill an appraisal well at the Birgitta field in the UK sector of the North Sea. The contract is expected to commence in end-2021, […]

ExxonMobil Reveals Plans To 2027

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(Exxon, 1.Dec.2021) — ExxonMobil has finalized corporate plans, which increase spending to $15bn on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and […]