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Partners Spud Sapote-1 Well In Canje Block

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(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced that the Sapote-1 well on the Canje Block, offshore Guyana has been spudded. Eco was officially informed today by its investee company, JHI Associates Inc., about the spudding of the well. The Sapote-1 well is […]

Borr Drilling Reports Preliminary 2Q:21 Results

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(Borr Drilling, 31.Aug.2021) — Borr Drilling Limited announces preliminary unaudited results for the three and six months ended 30 June 2021. Highlights second quarter of 2021            Total operating revenues of $54.8mn, an increase of 13% compared to the first quarter of 2021            Net loss of $59.9mn, an increase of $5.5mn […]

Noble Updates Rig Status After Hurricane Ida

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(Noble, 29.Aug.2021) — Noble Corporation (NYSE: NE) announced that all personnel onboard the Pacific Sharav, Noble Globetrotter I, and Noble Globetrotter II ultra-deepwater drillships in the US Gulf of Mexico are safe and accounted for following Hurricane Ida. Each rig successfully secured its respective well in progress and took evasive actions […]

C2 Communications Partners With Excel Guyana

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(C2 Communications, 27.Aug.2021) — C2 Communications, a national award-winning public relations and marketing firm, has partnered with Excel Guyana, Inc. to raise awareness of the diverse business growth opportunities, infrastructure improvements and joint-venture construction projects needed to support Guyana’s oil and gas boom. For more than 30 years, the executive leadership […]

Bahia LNG Import Terminal Leasing Deal Advances

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(Energy Analytics Institute, 26.Aug.2021) — Brazil’s state oil company Petrobras said the leasing process for the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities continues to move forward with Excelerate Energy Comercializadora de GĂĄs Natural Ltda. advancing to the qualification stage. Effectively, the “verification stage of the effectiveness of […]

Gold Port Says Mining Permits Renewed

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(Gold Port, 26.Aug.2021) — Gold Port Corporation (CSE: GPO) (OTCQB: GPOTF) is providing a corporate update.   The Discovery 1 Core Rig ordered from Multi-Power Products Inc., of Kelowna, British Columbia, is nearing completion.  The unit is expected to be ready for shipment by the end of the month. The custom […]

Hurdles Remain For Brazil’s Gas Distributors

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(Argus, 26.Aug.2021) — Brazilian producers need to increase the amount of natural gas they offer in order to stimulate investment in gas infrastructure and boost demand, said Marcelo Mendonça, strategy and market director at the Brazilian Association for piped gas distributors (AbegĂĄs). Around 15mn mÂł/d (529.5mn cf/d) that is being […]

Excelerate Energy Advances On Leasing Of Bahia LNG Terminal

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(Excelerate, 26.Aug.2021) — Excelerate Energy L.P. successfully concluded with PetrĂłleo Brasileiro S.A. (Petrobras) the negotiation stage of the tender process for the lease of Bahia Regasification Terminal. Once the financial and legal qualification and certification stages have been concluded and all necessary regulatory approvals have been obtained, Excelerate will start […]

Noble Provides Preliminary 2022 Guidance

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(Noble, 26.Aug.2021) — Noble Corporation (NYSE: NE) announced that subsidiaries of the company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, for $292mn.  The company expects to generate approximately $285mn in cash from the transaction net of fees, expenses, and the […]

CCS Could Impact Emissions Of LNG Projects

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(WoodMac, 25.Aug.2021) — The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).   LNG is one of the most […]

Petrobras Pays Dividends

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(Energy Analytics Institute, 25.Aug.2021) — Brazil’s state owned PetrĂłleo Brasileiro S.A. (Petrobras) made a payment today which relates to the first installment of the remuneration anticipation to shareholders related to fiscal year 2021, the company announced 25 August 2021 in an official statement. The gross amount distributed of R$ 21,000,003,096.30 […]

Petrobras Inks Deal To Divest REMAN Refinery

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(Petrobras, 25.Aug.2021) — Petrobras signed today with the company Ream ParticipaçÔes S.A., a corporate company owned by the partners of Atem’s Distribuidora de PetrĂłleo S.A. (Atem), a contract to sell the shares of the company that will own the Isaac SabbĂĄ Refinery (REMAN) and its associated logistics assets, in the […]

Petrobras On RNEST Divestment

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(Petrobras, 25.Aug.2021) — Petrobras says interested parties in the sale process of the Abreu e Lima Refinery (RNEST) formally declined to submit a binding proposal for the purchase of the refinery. Therefore, the company is carrying out the internal procedures to end the sale process underway and will evaluate its […]

Mantaro To Buy Into Golden Hill Property

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(Mantoro 25.Aug.2021) — Mantoro Silver Corp. (TSXV: MSLV) (FSE: 9TZ) entered into a property option agreement with Minera Golden Hill S.R.L. (MGH) and Luis Fernando Kinn Cortez (the “Optionor”) to acquire up to an 80% interest in the advanced Golden Hill Property, located in the underexplored, orogenic Bolivian Shied, Bolivia. […]

Talos Wins Bid For Carbon Capture And Storage Site

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(Talos, 25.Aug.2021) — Talos Energy Inc. (NYSE: TALO), along with its partner Carbonvert, Inc., was the sole winning bidder partnership for the Texas General Land Office’s (GLO) Jefferson County, Texas carbon storage site (the “Project Site”) located near Beaumont and Port Arthur, Texas. Following finalization of lease documentation, the award […]

Mexico Restores Some Oil Production

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(AP, 24.Aug.2021) — Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms in the Gulf of Mexico following a weekend fire. Petroleos Mexicanos said it had restored about 17% of the lost production caused by the fire […]

Suriname Webinar On O&G Local Content

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(Energy Analytics Institute, 24.Aug.2021) — Staatsolie in cooperation with ExxonMobil will be hosting a webinar on ‘Local Content in the O&G industry’. As a supplier who can potentially provide support to oil and gas operations, you are cordially invited to participate in this webinar. Date: Wednesday 1 September 2021 Time: […]

Companies Take Steps Toward Climate Neutrality

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(Bloomberg, 24.Aug.2021) — Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t bend as far. Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more […]

Pemex Safety Incidents Challenge Production Growth Target

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(Fitch, 24.Aug.2021) — Pemex‘s reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company’s production growth rates, as this field is the company’s largest production complex, according to Fitch Ratings. Fitch’s current rating case assumes that the company’s production levels will stabilize going forward due to increased investments […]

bpTT/EOG Make 1 Tcf Gas Discovery

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(The Guardian, 23.Aug.2021) — An exploration well drilled by bpTT and EOG Resources has discovered one trillion cubic feet of gross natural gas resources, off the East Coast, off Trinidad according to documents from both companies. Confidential documents from bpTT which Guardian Media has copies of and which were presented […]

Frontera Spuds Kawa-1 Offshore Guyana

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(Frontera, 23.Aug.2021) — Frontera Energy Corporation (TSX: FEC) announced the spudding of the Kawa-1 exploration well, offshore Guyana. CGX Energy Inc. (TSXV: OYL), Frontera majority-owned subsidiary, and its joint venture partner in the Demerara and Corentyne blocks, also separately announced an update on spud of the Kawa-1 well. Additionally, the […]

The Creation Of Inflation

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(HSBC Bank plc, 23.Aug.2021) — Amid vast uncertainty, inflation has spiked raising fears that price stability is over. The risks of “error” – in both directions – have risen hugely. Late expectations Those most relaxed about inflation typically point to an absence of any serious increase in inflationary expectations. This […]

Ecopetrol closes ISA transaction

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(Piero Stewart, Energy Analytics Institute, 20.Aug.2021) — Colombia’s state oil giant Ecopetrol S.A. announced on 20 Aug. 2021 that closing conditions set forth in the inter-administrative contract, dated 11 August, between the BogotĂĄ-based company and the Colombian Ministry of Finance and Public Credit (MHCP by its Spanish acronym) were satisfactorily […]

Guyana, Suriname Eye Jointly Developments

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(DPI, 19.Aug.2021) — Recognising the vast potential of Guyana and Suriname’s oil and gas sectors, their Excellencies Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi have indicated that the two countries will jointly strategise the development of this critical and lucrative sector. During engagements with the Private Sector Commission (PSC) and […]

Oil Price Windfall A ‘Golden Opportunity’

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(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today. Stakeholders are demanding greater accountability for carbon emissions along the value […]

LatAm Countries To Discuss Climate Actions

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(Governmenf of Panama, 20.Aug.2021) — The Governments of Argentina, Barbados, Chile, Colombia, Costa Rica, the Dominican Republic and Panama will co-organize the “High-Level Dialogue on Climate Action in the Americas”, on 8 September 2021. The event will bring together representatives of governments, private and financial sector, multilateral financial institutions , […]

Actis sells Saavi Energia to Global Infrastructure Partners

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(By Global Infrastructure Partners, 20.Aug.2021, Word: 482) — Actis, a leading global investor in sustainable infrastructure jointly announces with Global Infrastructure Partners (GIP), a leading global independent infrastructure investor that it has sold 100% of Saavi EnergĂ­a, the fourth largest independent power producer and the largest privately held stand-alone power […]

CNOOC Reports Significant Earnings Increase

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(CNOOC, 19.Aug.2021) — CNOOC Limited (SEHK: 00883,NYSE: CEO, TSX: CNU) announced its 2021 interim results for the six months ended 30 June 2021. In the first half of 2021, faced with the complicated situation, the company further strengthened its business strategy, firmly advanced various production and operation tasks, and scaled […]

Sorcia Minerals Adds New Salar In Chile

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(Sorcia, 19.Aug.2021) — Sorcia Chile SPA (Sorcia), a subsidiary of the US company, Sorcia Minerals LLC, reached a new agreement with RJR Salar, to expand the territory to explore lithium reserves in 9,000 hectares of the Salar de Tambo, near the town of Colchane, border with Bolivia. The agreement is […]

Braskem Offering Back On The Table

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(Bloomberg, 19.Aug.2021) — A public equity offering is again emerging as a possible exit strategy for the controlling shareholders in one of the world’s top petrochemical makers, Braskem SA, people familiar with the matter said. Novonor hired Morgan Stanley as the group previously known as Odebrecht looks to sell its […]

PDVSA Cedes Stake In Refidomsa Refinery

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(Reuters, 19.Aug.2021) — Venezuelan state oil company PDVSA has given up its 49% stake in a Dominican refinery as part of a swap for some of its defaulted bonds, the Dominican Republic’s finance ministry and Venezuela’s oil minister said in statements on Thursday. The transaction represents a small breakthrough between […]