(Azelio, 28.Jun.2021) — A Memorandum of Understanding (MoU) has been signed between Azelio and MMR Constructors (MMR) with the intention to develop projects combining Azelio’s long-duration energy storage, TES.POD®, with solar PV to supply customer with renewable energy around-the-clock. The collaboration aims at an installed capacity of 250 MWh of […]
Crewmembers Killed In Guyana When Vessel Explodes
(AP, 27.Jun.2021) — Three crewmen were killed in Guyana when a vessel used to transport fuel exploded at a pier, police said. A police statement said security personnel heard a loud explosion late Saturday at the pier south of Georgetown and found a raging fire. The bodies of the three […]
TotalEnergies In Two New Exploration Licenses In Suriname
(TotalEnergies, 25.Jun.2021) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated […]
Petrobras On Technip Group Leniency Deal
(Petrobras, 25.Jun.2021) — Petrobras, following up on the release disclosed on 26 June 2020, informs that it received the third, and last, installment, in the amount of R$271.1mn, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first […]
Vista Sales Interest In Coirón Amargo Sur Oeste
(Vista Oil, 25.Jun.2021) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) announced its subsidiary Vista Oil & Gas Argentina S.A.U. sold its 10% working interest in the joint venture agreement over the Coirón Amargo Sur Oeste (CASO) concession to Shell Argentina S.A., a subsidiary of Royal […]
US-EU-Canada Issue Joint Statement On Venezuela
(US State Department, 25.Jun.2021) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, and Canadian Minister of Foreign Affairs Marc Garneau. Begin text: We remain deeply concerned about the ongoing crisis in Venezuela and […]
Argentina Lithium Appoints New Director
(Argentina Lithium, 24.Jun.2021) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) appointed Dr. John Gammon to its board of directors. Dr. Gammon has 40 years of experience in mineral exploration and management, including international positions with Falconbridge, Assistant Deputy Minister Mines and Minerals with the Government […]
Golden Arrow Expands Tenements At Rosales Project In Chile
(Golden Arrow, 24.Jun.2021) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reported that the Transient Electromagnetic (TEM) surface geophysical survey at the Rosales Copper Project has identified large, near-surface conductive anomaly targets and prompted the Company to plan its first drill campaign at the project. Furthermore, based on the results […]
Looming Venezuela Talks Whet Investor Appetite
(Argus, 24.Jun.2021) — Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections on 21 November, cooperation to address the Covid-19 pandemic and broader power-sharing […]
Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition
(Ecopetrol, 24.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit (MHCP) on 12 February 2021, in connection with Ecopetrol’s potential acquisition of MHCP’s 51.4% stake in Interconexión Eléctrica S.A. (ISA), has been extended until 31 August 2021. The […]
Carbon Removal Key To Reaching Paris Target
(WoodMac, 24.Jun.2021) — Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale […]
Equinor Offered Production Licences In 25th Licensing Round
(Equinor, 23.Jun.2021) — The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities […]
Suriname’s Oil Boom Keeps Getting Hotter
(Oilprice.com, 23.Jun.2021) — The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst of a massive drilling boom that has seen a swathe of major oil discoveries over the last six years. While most of those finds […]
Citgo Reveals New Director Appointments
(Citgo, 23.Jun.2021) — The Boards of Directors of Citgo Holding, Inc. and Citgo Petroleum Corporation announced new appointments to their respective Boards of Directors. Elio José Tortolero, Samuel Wilhelm, and Ernesto José Hernández Bolívar have been named to the Citgo Holding Board, with Glixon Mavarez and Pablo Pérez continuing as […]
Touchstone Announces Ten-year Lease Operatorship Deals
(Touchstone, 22.Jun.2021) — Touchstone Exploration Inc. executed a ten-year Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited for its CO-1, CO-2, WD-4 and WD-8 Blocks effective 1 January 2021. The LOAs governing our core legacy oil producing properties expire 31 December 2030 and were renewed under substantially similar terms […]
Uncertainties In Venezuela Around Arrival Of More Iranian Gasoline
(Energy Analytics Institute, 22.Jun.2021) — Venezuelan economist José Toro Hardy said it was unclear when additional Iranian tankers carrying gasoline would reach the South American country’s coasts. Venezuela could encounter another diesel shortage in coming months; hence, reason Hardy said it was urgent to try to prepare for the shortage […]
Vopak Awarded Deal For industrial Terminal In China
(Vopak, 22.Jun.2021) — Vopak has been awarded by Huizhou QuanMei Petrochemical Terminal Co., Ltd., a contract for storage and services of a liquid products terminal in China. The planned terminal would be constructed and operated as part of ExxonMobil’s proposed Huizhou chemical complex project. The contract award is subject to […]
Gasnorp Starts Early Ops In Peru’s Piura Region
(Open International, 21.Jun.2021) — Gasnorp, a subsidiary of Promigas, undertook the challenge of deploying its distribution operations in the provinces of Piura, Talara, Sullana, Paita and Sechura, which will benefit nearly 260,000 inhabitants with an efficient, safe, and environmentally friendly service. This deployment will be supported by Open Smartflex, Open […]
Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned
(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to imagine life without it. But go see Tareck El Aissami, the oil minister, and you’ll find out something magical is about to happen. In weeks, […]
Petrobras On LNG Regasification Terminal Leasing
(Petrobras, 21.Jun.2021) — Petrobras, following up on the releases disclosed on 1 October 2021 and 16 April 2021 informs that on 14 June 2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with […]
Frontera Closes Offering Of 7.875% Notes
(Energy Analytics Institute, 21.Jun.2021) — Frontera Energy Corporation completed its offering of $400mn in senior unsecured notes due 2028 at a coupon rate of 7.875%. Frontera used some proceeds from the offering to repurchase, at a premium, the company’s $350mn 9.7% senior secured notes due 2023 pursuant to a tender […]
TotalEnergies, QP Win Exploration Blocks Off Suriname
(Argus, 20.Jun.2021) — A consortium of TotalEnergies and Qatar’s state-owned QP have won two offshore exploration blocks in Suriname following the South American state’s latest bid round launched in November. TotalEnergies, formerly Total, will leads the consortium with a 40pc stake, alongside QP with 20pc. Suriname’s state-owned Staatsolie will hold […]
US Rejects Maduro’s Call For Biden To Lift Venezuela Sanctions
(Bloomberg, 20.Jun.2021) — President Joe Biden’s administration rejected Nicolas Maduro’s call for relief from U.S. sanctions, saying the Venezuelan leader needs to do more toward restoring democracy before penalties would be lifted. Maduro, a target of crippling U.S. sanctions under former President Donald Trump, reached out to Biden in an […]
Qatar Petroleum Enters Suriname’s Block 6 And Block 8
(Qatar Petroleum, 19.Jun.2021) – A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the recent Suriname offshore bid round. The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie. A consortium comprising of Qatar […]
GeoPark Comments On Letter From Former Chair
(GeoPark, 18.Jun.2021) — GeoPark Limited (NYSE: GPRK) issued the following statement in response to the letter sent to the Board by its former Chair Gerald O’Shaughnessy: “Since GeoPark’s inception, we have always worked to ensure we have the skills, capabilities and necessary tools to become the leading independent E&P Company […]
GeoPark’s O’Shaughnessy Issues Open Letter To BODs
(GeoPark, 18.Jun.2021) — Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (NYSE: GPRK) issued an open letter to the Board of Directors of GeoPark. The full text of the letter follows: 18 June 2021 Dear Members of the Board: I am writing you now because […]
Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures
(S&P Global, 18.Jun.2021) — After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether to offer Venezuela limited sanctions relief or more, amid calls from the left in Congress for humanitarian relief. An easing of some sanctions would only […]
Brazil May Gas Production Up From Year, Month Prior
(Argus, 18.Jun.2021) — Brazilian natural gas production in May rose by nearly 18pc from a year earlier and by more than 2pc from the prior month. Output reached 134mn m³/d (4.75 Bcf/d) in May, preliminary data from Brazil’s oil and gas regulator ANP shows. The country’s record production level set […]
Venezuela President Maduro Talks Sanctions, Economy: Transcript
(Bloomberg, 18.Jun.2021) — Venezuelan President Nicolas Maduro spoke to Bloomberg TV’s Erik Schatzker in an exclusive interview in Caracas at the Miraflores presidential palace. The comments have been translated from Spanish. Q: Venezuela, a country of extraordinary resources and a rich history, has been a relevant player in global dialogue […]
IOCs Take Three Suriname Shallow Offshore Blocks
(Staatsolie, 18.Jun.2021) — Staatsolie Maatschappij Suriname N.V. (Staatsolie) announces that after evaluation of all received bids in the SHO Bid Round 2020/2021, the following companies have submitted the most favorable bids for the relevant Blocks: Chevron Exploration Suriname Limited for Block 5, and the consortium consisting of TotalEnergies and Qatar […]
Life Of Heimdal Gas Centre Extended To 2023, Equinor Says
(Equinor, 17.Jun.2021) — New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023. Since start-up in 1985 Heimdal has produced 46 billion standard cubic metres of gas and 7 million cubic […]
bpTT’s Fitzpatrick At The Climate Change Symposium
(bpTT, 17.Jun.2021) — bpTT’s Claire Fitzpatrick spoke at the Climate Change Symposium held on 14 June 2021. What follows is her full speech. Carbon Commitments and the Future for the Energy Sector Honourable Bridgid Annisette-George, MP Speaker of the House, Trinidad and Tobago Parliament Members of Parliament of Trinidad and […]
Eni, SKK Migas Ink MOU For Activities In Indonesia
(Eni, 17.Jun.2021) — Eni, through its subsidiary Eni Indonesia, signed a Memorandum of Understanding with SKK Migas for cooperation on exploration activities in Indonesia. The MoU defines the framework for further cooperation in the processing and interpretation of seismic data owned by the Republic of Indonesia by using Eni’s proprietary […]
Sagicor Group Jamaica Finances Leaseback
(Sagicor, 17.Jun.2021) — Sagicor Group Jamaica will be structuring a $285mn sale and leaseback of the combined heat and power plant in Clarendon owned by New Fortress Energy Inc. (NASDAQ: NFE). The transaction will be the largest corporate financing in Jamaica’s history. As anchor investors in the transaction, Sagicor Group […]
Presenting Strategy To Accelerate Equinor’s Transition
(Equinor, 15.Jun.2021) — Equinor ASA (OSE:EQNR, NYSE:EQNR) presents its strategy to accelerate the company’s transition while growing cash flow and returns. Key highlights from the strategy update: Accelerating the transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by […]
US Briefs: Valaris GOM Deal, Nucor Cash Dividend
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from North America including: Valaris Limited revealing a Gulf of Mexico floater contract award, and Nucor Corporation revealing its 193rd consecutive cash dividend. Valaris Reveals GOM Floater Contract Award Offshore drilling services provider Valaris (NYSE: VAL) was awarded a three-year contract with Chevron […]
Peru’s Copper Industry At Risk As New Administration Takes The Wheel
(Mining.com, 14.Jun.2021) — Peru, the world’s second-largest copper-producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted. According to the latest update, at 06:21 am ET, Castillo had about 50.2% of the vote, […]
TotalEnergies Boost Offshore Wind Investments
(TotalEnergies, 14.Jun.2021) — Renewable energy has a critical role to play in meeting rising global electricity demand while helping to combat global warming. Wind power, a low-carbon, naturally renewable solution, has a particularly bright future. That’s why we are leveraging our expertise to develop this resource. In particular, we are […]
Colombia’s UPME Extends Investor Selection Deadline For LNG Terminal
(Energy Analytics Institute, 11.Jun.2021) — Colombia’s Energy Mining Planning Unit, or UPME, announced that the investor selection process related to a second liquefied natural gas (LNG) import terminal would take place in October 2021, three months later than originally planned. The presentation of bid envelopes for the project, to be […]
B2Gold Declares Dividend Of $0.04/Share
(B2Gold Corp. 11.Jun.2021) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) announced that its Board of Directors declared a cash dividend for the second quarter of 2021 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on June 30, 2021, to shareholders of record as of 22 June 2021. All […]
LatAm Briefs: Suriname Event, Iran-Venezuela Dealings
(Energy Analytics Institute, 11.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Suriname oil summit tagging entrepreneurship, investor friendliness as key priorities, and Iranian warship that could take in millions of gallons of fuel to Venezuela Suriname Summit Tags Entrepreneurship, Investor Friendliness As Key Priorities Suriname’s political […]
Gold Fields’ South Deep Gold Mine, NUM And UASA Ink Wage Deal
(Gold Field, 11.Jun.2021) — Gold Fields‘ South Deep Gold Mine and the NUM and UASA trade unions have concluded a three-year wage agreement for the period 1 March 2021 to 28 February 2024. The parties believe that the agreement is in the best interest of employees and the mine’s long-term […]
Guyana-Suriname Basin: Rising From Obscurity To Become A Super Potential
(Endeavor Management, 11.Jun.2021) — The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production. Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas. Like […]
Petrobras Inks Deal For The 8th Búzios Unit
(Petrobras, 11.Jun.2021) — Petrobras signed a contract with the joint venture formed by Saipem and DSME in the amount of $2.3bn for the supply of P-79, the eighth unit to be installed in Búzios field, in the Santos Basin pre-salt area. With capacity to process 180,000 barrels of oil per […]
Petrobras Reveals Final Results And Settlement Of Cash Tender Offers
(Petrobras, 11.Jun.2021) — Petrobras (NYSE: PBR) announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and […]
Petrobras Inks Búzios Coparticipation Deal
(Petrobras, 11.Jun.2021) — Petrobras signed with Présal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of […]
PDVSA’s Cardón refinery producing between 40,000-50,000 b/d
CARACAS, VENEZUELA (By Energy Analytics Institute, 10.Jun.2021, Words: 90) — The Cardón refinery operated by state-controlled Petroleos de Venezuela (PDVSA) in Punto Fijo, Venezuela is currently processing between 40,000-50,000 barrels per day of gasoline compared to demand of around 80,000 b/d. Cardón is the PDVSA’s only operating refinery, the daily […]
Participant Energy Announces Construction Of Solar System In Honduras
(Participant Energy, 10.Jun.2021) — Participant Energy announces the commencement of construction on a 14.7 MW solar array in Honduras. The client, Green Valley Industrial Park, located near San Pedro Sula, is a world-class industrial facility with multinational clients such as Lear Corporation, Simtex, and Gildan Textiles. Participant Energy, a renewable […]
Sempra And NREL To Advance Net-Zero Energy Systems
(Sempra, 10.Jun.2021) — Sempra Energy (NYSE: SRE) signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy‘s (DOE’s) National Renewable Energy Laboratory (NREL), providing a framework for a joint effort to advance future net-zero energy systems. The MOU, which builds off nearly 10 years of ongoing collaboration, will […]
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Colombia’s Oil and Gas Industry Revival [Request Free Webinar]
(Energy Analytics Institute, 10.Jun.2021) — Vostock Capital team offers the possibility to watch Opening Session of the Colombia Oil and Gas 2020. Request Free Webinar Here Among the session participants: — Miguel Lotero, Vice Minister of Energy and Mines, Ministry of Energy and Mines Colombia, Topic of the presentation: Perspectives […]