(S&P Global Platts, 30.Nov.2021) â Oil production by Venezuela’s state PDVSA and its foreign partners rose to 660,000 b/d in November, up 40,000 b/d from October, Nov. 30 PDVSA production reports reviewed by S&P Global Platts showed. Orinoco Belt output rose to 420,000 b/d, up 40,000 b/d from the 380,000 […]
APA Corp. Says Egyptian Parliament Approves Modernized PSC
(APA, 30.Nov.2021) â APA Corporation (Nasdaq: APA) announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egyptâs Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC). The PSC now goes to the desk […]
Stena RoRo’s E-Flexer Salamanca Delivered To Brittany Ferries
(Stena RoRo, 30.Nov.2021) â The Salamanca, the second of five ships in the E-Flexer class ordered by Stena RoRo for Brittany Ferries was delivered on 30 November. The vessel is the sixth E-Flexer of twelve ordered from the Chinese shipyard CMI Jinling (Weihai). The Salamanca will be chartered by Brittany Ferries on a long-term basis and has been especially […]
Security Review Stalls Shell’s Refinery Sale to Pemex
(Reuters, 30.Nov.2021) â A U.S. national security review has delayed the sale of Royal Dutch Shell‘s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday. Shell in May disclosed an agreement to sell its 50% interest in the 302,800-barrel-per-day (bpd) Deer Park, […]
JinkoSolar Reports 3Q:21 Financial Results
(JinkoSolar, 30.Nov.2021) â JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Business Highlights JinkoSolar’s high-efficiency N-Type monocrystalline silicon solar cell sets new world record with highest conversion efficiency of 25.4%. Over 7GW of new cell capacity put into […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) â Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the NĂ©stor Kirchner Gas Pipeline and the Transport.Ar National Production Gas Pipeline System; the EU welcoming the âlargely calm and peaceful atmosphereâ […]
ANH To Hold Hearing For Colombia Round 2021 Proposals
(ANH, 30.Nov.2021) â The National Hydrocarbons Agency – ANH will hold tomorrow 1 December 2021, the Presentation of Proposals Hearing of the Colombia Round 2021 to continue advancing in the reactivation of the hydrocarbons sector. In the Colombia Round 2021, 17 companies were qualified, a new contractual framework was structured, […]
TotalEnergies And Clean Energy Launch Construction Of Their First Biogas Unit
(TotalEnergies, 30.Nov.2021) â Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, […]
McDermott Completes Net Zero LNG Construction Study For Shell
(McDermott, 29.Nov.2021) â McDermott recently completed a liquefied natural gas (LNG) construction study identifying tangible reduction pathways toward net-zero construction emissions on behalf of Shell Global Solutions International B.V. The results of this study provide a strategic framework for reducing greenhouse gas (GHG) emissions in LNG facilities during the project […]
Seadrill Limited Provides 3Q:21 Market Update
(Seadrill, 29.Nov.2021) â Seadrill Limited (OSE: SDRL, OTCPK: SDRLF), a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145mn to backlog, reflecting the depth of its customer relationships. Total backlog as of 30 September 2021 stood at $2.1bn. […]
Mainstream Renewable Raises âŹ90mn To Accelerate New Market Entries
(Mainstream Renewable, 29.Nov.2021) â Mainstream Renewable Power raised âŹ90mn in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa and the Asia Pacific region. The capital increase raised âŹ90mn from Mainstream’s current shareholder base, including Aker Horizons, which maintained its 75% stake in the […]
Fact Sheet: Portocem LNG-to-Power Project
(Ceiba Energy, 29.Nov.2021) â Ceiba Energy is developing the Portocem LNG-to-power project in Northeast Brazil. The project is located next to an existing port and will receive LNG shipped via FSRU transportation. The gas-fired combined cycle power plant is licensed up to 2.2 GW. The new plant will provide reliable […]
Shareholders From Agnico Eagle And Kirkland Lake Gold Approve Merger
(Agnico Eagle, 26.Nov.2021) â Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) announced that at a special meeting of shareholders held earlier today, Agnico Eagle shareholders voted overwhelmingly in favor of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. […]
Petrobras Inks Deal For RLAM Transfer
(Petrobras, 26.Nov.2021) â Petrobras, regarding the news published in the media about the signing of the final transfer of the Landulpho Alves Refinery (RLAM) to Mubadala, clarifies that, as disclosed on 24 March 2021, it signed with MC Brazil Downstream ParticipaçÔes, a company of the Mubadala Capital group, a contract […]
Petrobras To Lease The TermoCamaçari Plant
(Petrobras, 26.Nov.2021) â Petrobras, following up on the release disclosed on 11 May 2021, informs that, after resuming negotiations with Proquigel QuĂmica S.A., a subsidiary of Unigel ParticipaçÔes S.A., for the leasing of the TermoCamaçari Thermal Power Plant (UTE TermoCamaçari), located in the State of Bahia, the negotiation was successfully […]
Petrobras Updates On Possible Braskem Offer
(Petrobras, 26.Nov.2021) â Petrobras, regarding the news published in the media about a possible offer of preferred shares of Braskem in the first quarter of 2022, clarifies that, as disclosed on 8, 9, 20 of June and 30 August, 1 October and 22 November, its stake in Braskem is still […]
Citgo 6 Remain Pawns In A US-Venezuela Standoff
(CNN, 26.Nov.2021) â The phone connection between a Venezuelan prison cell and Houston, Texas, crackles and fades. Jorge Toledo sounds tired. He’s been held for four years, one of six former executives of Venezuela’s US-based oil refining company CITGO convicted of corruption. The sounds of prison life echo as he […]
Petrobras Says Conditions Met To Suspend Judicial Deal With CEA
(Petrobras, 25.Nov.2021) â Petrobras, following up on the release disclosed on 11 May 2021, informs that the suspensive conditions related to the judicial agreement signed with Companhia de Eletricidade do AmapĂĄ (CEA) for the conclusion of litigation and credit recovery by Petrobras have been met. Thus, the agreement will generate […]
Petrobras Reveals Dividend Policy Details
(Petrobras,24.Nov.2021) â Petrobras‘ Board of Directors, in a meeting held today, approved the revision of the Shareholder Remuneration Policy (Dividend Policy). The enhancement of the Dividend Policy has become important because of the anticipated achievement of the target of gross debt below $60bn in the 3rd quarter of 2021, originally […]
US To Release Oil From Strategic Reserve
(WoodMac, 24.Nov.2021) â On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR). Wood Mackenzie vice president Ann-Louise Hittle said: âOf the release, 32 mbbl is a loan for delivery by end-April next year. The […]
Petrobras Approves Strategic Plan 2022-26 [PDF Downloads]
(Petrobras, 24.Nov.2021) â Petrobras‘ Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2022-2026 (SP 2022-26). With the vision of “Being the best energy company in value generation, focused on oil and gas, sustainability, safety, respect for people and the environment,” Petrobras reaffirms […]
Fitch Maintains Ecopetrol’s Rating At BB+
(Ecopetrol, 23.Nov.2021) â Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that Fitch Ratings affirmed the company’s credit rating at BB+ with a stable outlook and the stand-alone rating at bbb (without incorporating government support). Fitch highlighted the company’s linkage to the Republic of Colombia, which currently owns 88.5% of the voting shares, as […]
Cox Energy Starts Dual Listing On Spain’s BME Growth
(Cox Energy, 22.Nov.2021) â Cox Energy AmĂ©rica (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and the general public that, in accordance with the resolutions issued at the ordinary and extraordinary general shareholders’ meeting held on 16 November […]
Colombia Presidential Front-Runner Would End New Oil Exploration
(Bloomberg, 21.Nov.2021) â Colombian front-runner Gustavo Petro said his first decision as president would be to stop awarding oil exploration contracts, according to an interview with El Tiempo. Petro, a left-wing candidate in next yearâs presidential race, said heâd move Colombia away from an âextractivistâ economy based on fossil fuels, allowing the […]
Guyana’s VP Jagdeo Says Oil Audits Will Be Completed
(DPI, 17.Nov.2021) â Vice President, Dr. Bharrat Jagdeo said the government will complete the audits of costs claimed by ExxonMobil for its operations, and assured that Guyanaâs interests will be protected. His comment was made in response to concerns that the accounting provisions in ExxonMobilâs Stabroek block contract stipulate a […]
SQM Reports 3Q:21 Earnings
(SQM, 17.Nov.2021) â Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the nine months ended 30 September 2021 of $263.9mn ($0.92 per ADR), an increase from $97.5mn ($0.37 per ADR) for the nine months ended September 30, 2020. Highlights — SQM reported net income for the nine months ended 30 […]
SBM Awarded Contracts For 4th FPSO In Guyana
(SBM, 17.Nov.2021) â SBM Offshore has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Yellowtail development project. The FEED contract award triggers the initial release of funds by ExxonMobilâs subsidiary Esso Exploration and Production Guyana Limited […]
Ceiba Energy Completes Purchase of Breitener Energética
(Ceiba Energy, 16.Nov.2021) â Ceiba Energy, a Houston-based power company with a focus in Latin American markets, completed the acquisition of 100% of Breitener EnergĂ©tica S.A. from Petrobras and other minority partners. Ceiba Energy is backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm. Breitener […]
APA Corp. Reports Success At Sapakara South In Suriname
(APA, 16.Nov.2021) â APA Corporation (Nasdaq: APA) announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, […]
NRGBriefs: Solaris Provides Assay Results In Ecuador
(Energy Analytics Institute, 15.Nov.2021) â Energy briefs including Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) reporting assay results from a series of additional holes from ongoing resource growth and discovery drilling programs at its Warintza Project in SE Ecuador; SilverCrest Metals Inc. saying that at the end of 3Q:21 overall […]
Houston-based Citgo Reports 3Q:21 Results
(Citgo, 15.Nov.2021) â Citgo Petroleum Corporation reported its third quarter 2021 financial results, including a net loss of $4mn, compared to net income of $3mn for the second quarter. Marking the company’s second consecutive quarter of positive EBITDA1 after three straight quarters of negative EBITDA, EBITDA in the third quarter […]
TechnipFMC Inks Subsea Deal For Yellowtail Project
(TechnipFMC, 15.Nov.2021) â TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) contract by Exxon Mobil Corporation (NYSE: XOM) affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Yellowtail development. Subject to government approvals and final project sanction, TechnipFMC will provide project management, […]
Event: 6TH Lebanon International Oil And Gas Summit
(GEP Events, 15.Nov.2021) â The 6th Lebanon International Oil & Gas Summit features a wealth of content for strategically minded companies, seeking a full solution event. Lebanonâs petroleum sector is growing quickly in popularity and importance among oil and gas companies and investors, offering a multitude of opportunities locally, regionally […]
Talos And Freeport LNG to Develop CCS Project
(Talos, 15.Nov.2021) â Talos Energy Inc. (NYSE: TALO) and Freeport LNG Development, L.P. executed a letter of intent to develop a carbon capture and sequestration (CCS) project, the Freeport LNG CCS project (FLNG CCS), immediately adjacent to Freeport LNG’s natural gas pretreatment facilities located near Freeport, Texas, on the Gulf […]
Argentinaâs Midterm Election Could Shift Oil Strategy
(S&P Global, 15.Nov.2021) â Argentina is facing a period of economic and political volatility after the Nov. 14 midterm legislative elections that could cap growth in natural gas production as companies take refuge in crude oil until conditions improve, including for projects to increase much-needed gas transport capacity, executives and […]
Wood Mac Weighs In On Key COP26 Takeaways
(WoodMac, 15.Nov.2021) â Following the conclusion of the COP26 on 13 November, Wood Mackenzie experts weigh in on the key developments of the conference. Â Jonny Sultoon, global head of markets and transitions, said: âWood Mackenzie sees the COP26 as a qualified success. âThe big splash was the announcement […]
1 Dead, 12 Injured In Apparent Gas Explosion In CDMX
(AP, 14.Nov.2021) â An explosion apparently caused by an accumulation of cooking gas caused a multi-family dwelling to collapse in Mexico City on Saturday, killing one person and injuring 12. Rescue personnel working with trained dogs found the body in the rubble. The explosion essentially destroyed the two-story, brick-and-concrete structure. […]
NRGBriefs: Great Panther Closes Offering
(Energy Analytics Institute, 12.Nov.2021) â Energy briefs including Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) closing a previously announced public underwritten offering of 88,461,538 common shrs; PHX Minerals Inc.âs (NYSE: PHX) planning to release results for its fiscal 2021 year ended 30 Sep. 2021; and New Gold Inc. (TSX:Â NGD) […]
Edelcos and SAE Commence Mandatory Tender Offer for Class B Shares
(Edelcos, 12.Nov.2021) â Empresa de EnergĂa del Cono Sur S.A. (Edelcos), along with its affiliate South American Energy LLP (“SAE” and together with Edelcos, the “Bidders”), commenced a previously announced all-cash tender offer in the US for all outstanding Class B Shares, including outstanding Class B Shares represented by American […]
TGS, BGP, CGG Commence Acquisition of Suriname 3D Phase 1
(TGS, 11.Nov.2021) â Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, TGS, acting as the marketing and licensing lead in a consortium with CGG and BGP, announced that acquisition for Phase 1 of the Suriname 3D project has commenced. […]
Reliance’s US Shale Exit Signals Refocus Intent
(S&P Global, 11.Nov.2021) â The move by Reliance Industries to divest all its US shale assets and exit the sector signals its intention to ensure the company maintains its sharp focus on India’s domestic market, where its energy portfolio is being increasingly diversified beyond its core refining business. Analysts said […]
Cox Energy América Ranks As Top 10 Listed Companies In Mexico
(Cox Energy AmĂ©rica, 11.Nov.2021) â Cox Energy AmĂ©rica, S.A.B. de C.V. (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and to the general public that the company was recognized by “5050 Women on Boards” and “Women Corporate […]
AiDash Launches New Intelligent Sustainability Management System
(AiDash, 11.Nov.2021) â AiDash, a provider of satellite and AI-powered operations, maintenance and sustainability platform, today announced the launch of its Intelligent Sustainability Management System (ISMS) to help companies achieve their sustainability goals including the 10 percent biodiversity net gain by 2030. The new ISMS SaaS solution, would enable customers […]
io Consulting To Perform Preliminary FEED Services For NewGen Hydrogen Facility
(KGL, 11.Nov.2021) â Kenesjay Green Limited Ltd. (KGL) has selected the global project development consultancy io consulting to perform Front End Engineering Design (FEED) for the NewGen Limited Carbon Neutral / Green Hydrogen Project with 27,200 mtpy production capacity. Scheduled for completion in 2025, this will be the first electrolysis-based […]
NRGBriefs: PHX Acquires Acres In Texas And Louisiana
(Energy Analytics Institute, 10.Nov.2021) â Energy briefs including Brazilian inflation in Oct. 2021; PHX Minerals Inc. (NYSE: PHX) announcing three mineral and royalty acquisitions targeting the Haynesville play in East Texas and Louisiana; GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) releasing results of 11 drill holes at Mololoa and the […]
Ecopetrol 3Q:21 Earnings Transcript
(Motley Fool, 10.Nov.2021) â Colombiaâs state oil and gas company Ecopetrol hosted a webcast to report and discuss its third quarter 2021 earnings results. What follows is the transcript of the call. Operator Welcome to Ecopetrol’s earnings conference call, in which we will discuss the main financial and operational results […]
YPF Cites 3Q:21 Production Recovery [PDF Downloads]
(YPF, 10.Nov.2021) â YPF reported another quarter with strong profitability amid continuous recovery in O&G production, while maintaining positive free cash flow leading to further deleveraging. MAIN HIGHLIGHTS OF THE QUARTER âą Profitability remained strong with Adjusted EBITDA surpassing the $1bn threshold for the second consecutive quarter, expanding 6.5% q/q. […]
Baker Hughes And Shell To Accelerate Energy Transition
(Baker Hughes, 10.Nov.2021) â Energy technology company Baker Hughes (BKR: NYSE) and Shell Global Solutions BV signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The […]
YPF To Post Higher-Than-Expected Oil Production Growth
(S&P Global, 10.Nov.2021) â YPF, the biggest oil producer in Argentina, expects to post higher-than-expected oil production growth this year as it steps up drilling in the Vaca Muerta shale play to set it up for a continued rise next year, CEO Sergio Affronti said Nov. 10. “Shale oil production […]
Ecopetrol Reports 3Q:21 Results [PDF Download]
(Ecopetrol, 9.Nov.2021) â Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group‘s financial results for the third quarter of 2021. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial […]