Editores LatinPetroleum

Alaska Air And AeroAvia to Develop Hydrogen Aircraft

(ZeroAvia, 26.Oct.2021) — ZeroAvia is gaining altitude as the leader in zero-emission passenger aircraft as it announces a development collaboration with Alaska Air Group, the parent company of Alaska Airlines, for a hydrogen-electric powertrain capable of flying 76-seat regional aircraft in excess of 500 NM. Alaska is also joining the list of top investors for […]

Exxon Backs The Global Methane Pledge

(Exxon, 26.Oct.2021) — In September, the U.S. and European Union announced a Global Methane Pledge to reduce methane emissions by 30% below 2020 levels by 2030. More than 30 nations have now joined the Pledge, and more could be announced at the upcoming COP26 climate summit in Glasgow, Scotland. ExxonMobil […]

Citgo Ex-President Suffers Mild Heart Attack In Venezuela Jail

(Reuters, 26.Oct.2021) — The former president of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, suffered a mild heart attack in prison in Caracas and was transferred to a hospital, his lawyer told Reuters on Tuesday. Jose Pereira is one of six former company executives, all naturalized […]

Ecopetrol Names New Corporate VP Of Strategy

(Ecopetrol, 26.Oct.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that starting 1 November 2021, Nicolás Azcuénaga Ramírez has been appointed as the new Corporate Vice President of Strategy and New Businesses, taking over for Juan Manuel Rojas. Nicolás Azcuénaga is a business administrator from Colegio de Estudios Superiores de Administración […]

Bolsonaro Says Petrobras Privatization Is ‘On Our Radar’ As Fuel Prices Rise

(Reuters, 25.Oct.2021) — Brazilian President Jair Bolsonaro reiterated that he is considering the privatization of state-run oil company Petrobras, boosting its shares along with news of a fresh price hike in the domestic gasoline and diesel market. “This is on our radar,” the far-right president said during a radio interview. […]

NRGBriefs: Venezuelan Production Goals [PDF Download]

(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. entering into a binding agreement w/ West African Resources Limited; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — On 29 Oct. 2021 Petobras will […]

Peru’s Castillo Urges Congress To Draft Bill To Nationalize Gas Sector

(Reuters, 25.Oct.2021) — Peru’s socialist president, Pedro Castillo, urged Congress on Monday to draft a bill for the “nationalization” of Peru’s natural gas sector, undoing previous statements in which he said he would not seek to nationalize parts of the economy. In remarks broadcast on government-owned TV Peru, Castillo said […]

Prince Charles Addresses Saudi Green Initiative Forum

(FGH, 23.Oct.2021) — The UK’s Prince of Wales has addressed the Saudi Green Initiative Forum in Riyadh, highlighting the “dangerously narrow” window for green recovery while praising the Kingdom’s commitment to climate action. The Prince of Wales said: “At last, and after far too long, climate change and biodiversity loss […]

NRGBriefs: Colombia Eyes Net-zero Deforestation By 2030

(Energy Analytics Institute, 22.Oct.2021) — Energy briefs including Corporación Nacional del Cobre de Chile (Codelco) announcing final results of a previously announced offer to purchase for cash outstanding notes due in 2023, 2024, and 2025; Colombia aiming to achieve net-zero deforestation by 2030 and carbon neutrality by 2050; Frontera Energy […]

Atlas Gets ESG Social Award

(Atlas, 22.Oct.2021) — Atlas Renewable Energy has been awarded IJGlobal’s 2020 ESG Energy Deal of the Year (Americas) and ESG Social Award. The recognitions were announced on 21 October 2021, at IJGlobal‘s award ceremony in London. According to IJGlobal, these two recognitions were awarded to Atlas due to the company’s […]

Citgo Boards In Last-ditch Talks With Washington

(Reuters, 22.Oct.2021) — The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington’s protection while Citgo pursues negotiations with creditors, Reuters has learned. Citgo is running out […]

Petrobras On Campos Basin Teaser

(Petrobras, 22.Oct.2021) — Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake (100%) in the Catuá Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the state of Espírito Santo. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras Investor Relations website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers. The main […]

Petrobras Expands On ANP Agreement

(Petrobras, 22.Oct.2021) — Petrobras informs that, on 14 October 2021, its Executive Board analyzed and approved the submission to the Board of Directors of a proposal to enter into an Agreement between Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) related to royalties on the operation of the Shale Industrialization Unit (SIX), located in São Mateus do Sul/PR. The terms of the agreement were approved by the ANP’s collegiate board […]

NextEra Energy Buys Interest In 2,520MW Portfolio

(NextEra Energy Partners, 22.Oct.2021) — NextEra Energy Partners, LP (NYSE: NEP) entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a 50% interest in an approximately 2,520-megawatt (MW) renewables portfolio. In conjunction with the acquisition, NextEra Energy Partners has also entered into an approximately $824mn […]

Guyana – One Of The World’s Last Oil And Gas Frontiers

(The Geological Society of Trinidad, 21.Oct.2021) — ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an unbelievable ten billion barrels of oil equivalent. The first discovery was in 2015 and six years later Exxon and Guyana have achieved the unimaginable. Guyana accounts for 20 […]

NRGBriefs: Guyana Courts The UAE Or Vice Versa

(Energy Analytics Institute, 21.Oct.2021) — Energy briefs including details of Guyana’s President Irfaan Ali courting investors in the UAE; the repercussions in Caracas from the extradition of Alex Saab to Miami from Capo Verde, and Shell Trinidad and Tobago eyeing finally signing a PSC for development of the 2.7 Tcf […]

Argentina Launches Third Tender To Boost Production

(Natural Gas Intelligence, 20.Oct.2021) — Argentina’s government has launched a natural gas tender to try to shore up domestic supply starting in the Southern Hemisphere winter in 2022. The majority of the gas would come from the Neuquén Basin, home to the massive Vaca Muerta formation. Energy Secretary Darío Martínez […]

Capstone Green Reveals Cooling App For Llanogas

(Capstone, 20.Oct.2021) — Capstone Green Energy Corporation (NASDAQ:CGRN) announced that Supernova Energy Services, Capstone’s exclusive distributor for Colombia and Venezuela, secured an order for a three-bay C400 Signature Series microturbine to be installed in a cogeneration application and supply electricity and cooling for Llanogas, a leading natural gas utility company […]

Bolsonaro’s Privatization Talk Masks Petrobras Struggles

(Bloomberg, 20.Oct.2021) — For all President Jair Bolsonaro’s recent talk of privatizing Brazil’s crown jewel, oil giant Petrobras has struggled even to unload a handful of refineries. And its chances have never looked worse. With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is […]

Petrobras Highlights 3Q:21 Production And Sales [PDF Download]

(Petrobras, 20.Oct.2021) — In 3Q21, Petrobras continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached […]

Frontera To Host Webcast On Guyana-Suriname Basin

(Frontera, 20.Oct.2021) — Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX Energy Inc. (TSXV: OYL) and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana will deliver an informational virtual presentation on the Guyana-Suriname basin, the offshore Corentyne block and the […]

GeoPark Accelerates Colombia Drilling Activity

(GeoPark, 19.Oct.2021) — GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended 30 September 2021 (3Q:21). Highlights Consolidated oil and gas production of 37,859 boepd, up 4% compared to 2Q2021 Oil production of 32,844 bopd, up 6% compared to 2Q2021 due to increased production in Colombia […]

TGS, BGP, CGG Ink Deal With Staatsolie

(TGS, 19.Oct.2021) — TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP, today announced the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the Republic of Suriname. The agreement allows the consortium to […]

Shell To Tap Major Gas Field Off Trinidad

(Argus, 19.Oct.2021) — Shell plans to sign a production-sharing contract (PSC) for the 2.7 Tcf Manatee offshore natural gas field in Trinidad and Tobago, a project the government hopes will overcome a chronic gas supply shortage. Manatee holds the potential to provide “the single largest new gas production in Trinidad […]

Guyana Wants to Build a 135-Mile Undersea Gas Pipeline

(Bloomberg, 19.Oct.2021) — Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation […]

Aura Air To Provide BHP Smart Air Systems In Chile

(Aura Air, 19.Oct.2021) — Aura Air, the air purification company offering solutions that make air clean and safe, announced a partnership with global mining corporation BHP to install over 1,000 smart air purifiers in their Escondida and Pampa Norte facilities in Chile. Implementing Aura Air units in BHP’s facilities will […]

Petrobras Comments On Fuel Orders Fulfillment

(Petrobras, 18.Oct.2021) — Petrobras clarifies about pieces of news in the media regarding cuts in fuel orders fulfillment. As disclosed in the 2Q21 Production and Sales Report, the company operated its refining facilities in the first half of 2021 with a utilization factor (UF) of 79%, in line with the […]

SK E&S Co. Invests In REV Renewables

(LS Power, 18.Oct.2021) — LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, announced that SK E&S Co., Ltd., a clean energy solutions company headquartered in Seoul, South Korea, will become an equity investor in REV Renewables, LLC, an LS Power […]

KBR Reveals Settlement Deal Between JKC And Ichthys LNG Client

(KBR, 15.Oct.2021) — KBR (NYSE: KBR) announced that JKC Australia LNG Pty Ltd, a joint venture in which KBR has a 30% ownership interest, has entered into a binding settlement agreement that resolves outstanding claims and disputes between JKC and its client, ICHTHYS LNG PTY, Ltd (collectively, “the Parties”). “We […]

NRGBriefs: Renewable Energy Ops In The Caribbean

(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]

Maersk Gets Contract Extension In Angola

(Maersk Drilling, 15.Oct.2021) — TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. […]

As Western Oil Giants Cut Production, NOCs Step Up

(New York Times, 14.Oct.2021) — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as they switch to renewable energy or cut costs after being bruised by the pandemic. But that doesn’t mean the world […]

Project Extension To Unlock Further 500MW Of Capacity

(NGET, 14.Oct.2021) — National Grid Electricity Transmission (NGET) is expanding the use of transformational power flow control technology – building on the successful installations of the world’s first large scale use of the Smart Wires technology on its UK network earlier this year. NGET owns the cables and substations that […]

Petrobras Divests Bahia Terra Cluster

(Petrobras, 14.Oct.2021) — Petrobras, regarding the pieces of news in the media about the sale of onshore production fields, located in the Recôncavo and Tucano Basins, in the state of Bahia, jointly called the Bahia Terra Cluster, clarifies that it has received binding offers from potential interested parties in the […]

NRGBriefs: ANH Talks About Colombia’s Gas Potential

(Energy Analytics Institute, 14.Oct.2021) — Energy briefs including comments from a webcast hosted by the ACIPET spanning speakers such as ANH head Armando Zamora as well as ANH’s José de Armas and Ecopetrol executive Maria Fernand Arango; Colombia’s massive gas potential onshore and offshore; ExxonMobil heard being close to reaching […]

NRGBriefs: EP PetroEcuador Awards Export Deals

(Energy Analytics Institute, 13.Oct.2021) — Energy briefs including the IMF advising Argentina to lower its deficit and estimating Venezuela’s inflation at 2,700% this yr, Colombia’s mines and energy minister Diego Mesa saying the country is committed to advancing its decarbonization goals; EP PetroEcuador awarding export deals to Shell Western Supply […]

Staatsolie Inks Offshore PSC With Chevron

(Staatsolie, 13.Oct.2021) — By signing the Production Sharing Contract (PSC), Staatsolie grants Chevron rights for exploration, development and production in the offshore area, while Staatsolie retains the right to a forty percent participation. For the first time in Staatsolie’s history the company will participate as a partner in offshore activities […]

Africa
Ghana

Occidental Divests Ghana Assets for $750mn

(Occidental, 13.Oct.2021) — Occidental (NYSE:OXY) agreed to sell its interests in two Ghana offshore fields for $750mn to Kosmos Energy ($550mn) and Ghana National Petroleum Corporation (GNPC) ($200mn), prior to closing adjustments to reflect an 1 April 2021 effective date. The sale to Kosmos closed upon signing and the sale […]

Mexico Presents Plan To Shutter Private Power Plants

(AP, 11.Oct.2021) — Mexico’s president presented details on Monday of a proposal that is likely to squeeze out hundreds of private power generating plants and may provoke complaints under the Mexico-U.S.-Canada free trade accord. The constitutional reform presented by President Andrés Manuel López Obrador would cancel contracts under which 34 […]

Pemex Makes $31.5mn Payment To Seadrill

(Seadrill, 11.Oct.2021) — Seadrill Limited (OSE: SDRL) (OTCPK: SDRLF) and the issuer announce that at the end of September 2021, certain subsidiaries of SeaMex Ltd. (in provisional liquidation), a 50/50 joint venture entered into by one of the issuer’s subsidiaries, Seadrill JU Newco Bermuda Ltd., received payments amounting to approximately […]

Latin America and the Caribbean

Aguila Energia Places $1.5bn Bid For Petrobras’ Bahia Fields

(Reuters, 11.Oct.2021) — A consortium led by Aguila Energia has placed the highest bid for Brazilian state-run oil company Petrobras‘ Bahia onshore fields, offering over $1.5 billion, according to two sources with knowledge of the situation. Petroleo Brasileiro (PETR4.SA), as the company is formally known, declined to comment. The proposal by […]

NRGBriefs: Brazil Eyes Vaca Muerta Gas

(Energy Analytics Institute, 11.Oct.2021) — Energy briefs including Argentina looking to send Vaca Muerta gas to Brazil; US-based Talos Energy setting date for 3Q:21 conf. call; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s Foreign Minister Carlos França expressed “enthusiasm” over a deal w/ Argentina to allow for […]

MSCI Upgrades Hess To AAA In ESG Rating Assessment

(Hess, 11.Oct.2021) — Hess Corporation (NYSE: HES) received a AAA rating in the MSCI environmental, social and governance (ESG) ratings for 2021 after earning AA ratings from MSCI ESG for 10 consecutive years. The AAA rating designates Hess as a leader in managing industry specific ESG risks relative to peers. […]

NRGBriefs: Suriname’s Oil Finds

(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for its 3Q:21 conf. call; and more. LATIN AMERICA AND CARIBBEAN Argentina — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) will release its 3Q:21 […]

NRGBriefs: Blinken Visits Lopez Obrador In CDMX

(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including US secretary of state Antony Blinken visiting Mexico City for the US-Mexico high-level security dialogue; Petrobras planning to boost petrol and cooking gas prices; Great Panther Mining Limited reporting production results in Brazil and Mexico; and more. LATIN AMERICA AND CARIBBEAN Brazil […]

ANH Inks Contracts With Anadarko Colombia

(ANH, 8.Oct.2021) — The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean, with investment commitments of approximately $1.4bn. Highlights: — Contracts COL-1, COL-2, COL-6 and COL-7 are located in contiguous areas off the coasts of Magdalena, […]

Energy Chamber Calls For Speedy Tax Reform

(Trinidad and Tobago Newsday, 7.Oct.2021) — The Energy Chamber of Trinidad and Tobago has called for immediate reform of the supplemental petroleum tax (SPT) and value-added tax (VAT) refunds to spur investments in oil production. In a statement on Wednesday, it said the changes introduced in 2020 for small onshore […]

Unipet Seeking To Open Gas station In Guyana

(Trinidad Guardian, 7.Oct.2021) — The United Independent Petroleum Marketing Company Limited (Unipet) has announced plans to build a US$4.9 million multi-purpose fuel station in Guyana. According to Unipet it is currently awaiting approval from the Guyana Environmental Protection Agency (EPA) to build a multi- purpose fuel facility at Pant ‘P’, […]

Petrobras Picks PetroRio As Top Bidder For Albacora

(Reuters, 7.Oct.2021) — Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France’s Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a […]

Brazil’s 2022 Presidential Vote: ‘Fascism Or Democracy’

(Euronews, 7.Oct.2021) — Brazil’s 2022 presidential election will be ballot between “fascism and democracy”, former leftist leader Luiz Inacio Lula da Silva told Euronews, as he mulls mounting a challenge against incumbent Jair Bolsonaro. Lula, 75, led the Latin American country between 2003 and 2010, introducing popular social measures that […]