(Petrobras, 10.Jun.2021) — Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 26 August 2020, the company’s Board of Directors approved, on that date, the mentioned operation, […]
Big Oil’s Watershed Moment: WoodMac
(Woodmac, 10.Jun.2021) — Pressures around climate change and the energy transition are having an impact, says Wood Mackenzie Vice-Chair, Americas, Ed Crooks. The events of May 26, 2021 look like a defining moment for the oil and gas industry. In the space of a few hours, three decisions crystallised trends […]
TC Energy Confirms Termination of Keystone XL Pipeline Project
(TC Energy, 9.Jun.2021) — TC Energy Corporation (TSX, NYSE: TRP) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the government of Alberta, it has terminated the Keystone XL Pipeline Project. Construction activities to advance the project were suspended following the revocation of […]
Sempra To Hold Virtual Investor Day June 29
(Energy Analytics Institute, 9.Jun.2021) — The senior management team of Sempra Energy (NYSE: SRE) will provide an update on the company’s business strategy, operational highlights and financial outlook at its virtual Investor Day event at scheduled to take place at 12 p.m. ET on 29 June 2021. Investors, analysts, media […]
Colombia Oil And Gas 2021: 21-25 June
(Energy Analytics Institute, 9.Jun.2021) — This years “Colombia Oil And Gas 2021” event is right around the corner and will consist of a business congress and one-to-one meetings. Online Business Congress and 1-2-1 meetings Colombia Oil and Gas is an international, professional platform, bringing together flagship oil and gas companies […]
TotalEnergies Expands Charging Network Of Amsterdam Municipality
(TotalEnergies, 8.Jun.2021) — The municipality of Amsterdam has awarded the concession for the expansion of its public charging network for electric vehicles (EV) to TotalEnergies. As part of this new concession, TotalEnergies will expand Amsterdam’s current network with 2,200 new EV charging points, to be installed by fall 2022. The […]
Petrobras On Sapinhoá Seismic Acquisition
(Petrobras, 9.Jun.2021) — Petrobras will start on 13 June 2021 the first of the two seismic acquisitions of the Sapinhoá field monitoring project, in the pre-salt of the Santos Basin. Seismic acquisition is an important tool for managing the deposit (reservoirs) and optimizing production systems, seeking to maximize the value […]
Hess Reports Discovery At Longtail-3, Offshore Guyana
(Hess, 9.Jun.2021) — Hess Corporation (NYSE: HES) announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately […]
Petrobras On RLAM Divestment
(Petrobras, 9.Jun.2021) — Petrobras, following up on the release disclosed on 24 March 2021, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the sale of Landulpho Alves Refinery (RLAM) to Mubadala Capital. The transaction is still subject to the elapse of […]
ExxonMobil Reports Another Discovery At Longtail-3 Offshore Guyana
(Exxon, 9.Jun.2021) — ExxonMobil made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south […]
Petrobras On Divestment Of Route 1, 2 And 3 Gas Pipelines
(Petrobras, 9.Jun.2021) — Petrobras, regarding the piece of news published in the media about the divestment of the Routes 1, 2 and 3 gas pipelines, clarifies that it is untrue that the company has defined the sales model for these assets and the percentages to be sold. Petrobras, as part […]
TTEC 2021: Free Honeywell Workshop
(Energy Chamber, 9.Jun.2021) — You can still register for a sponsored workshop being hosted by Honeywell at the Trinidad and Tobago Energy Conference 2021. The workshop is free of charge and open to all members, non-members and all registered TTEC 2021 delegates. Workshop details: Theme: How Honeywell is addressing the industrial world’s new […]
GeoPark Names New Independent Director Fernanda Suarez, Independent Chair Gomez
(GeoPark, 8.Jun.2021) — GeoPark Limited announced the appointment of an independent chair and the nomination of a new independent member of the Board for election at the upcoming Annual General Meeting, to be held on 15 July 2021. These changes further strengthen the company’s governance profile and create a majority […]
bpTT’s Claire Fitzpatrick At TTEC
(bpTT, 8.Jun.2021) — bpTT’s Claire Fitzpatrick spoke at the Trinidad and Tobago Energy Conference. What follows is her full speech. Good morning. The future of the energy sector in Trinidad and Tobago is on everyone’s mind. If I were to sum up the challenge in one simple statement: There is a future, but […]
LatAm Briefs: Castillo Leads In Peru’s Latest Election Count, Ecopetrol Net Zero
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Peruvian elections results now showing Free Peru (Politico Nacional Peru Libre) leftist candidate Pedro Castillo leading contender Keiko Fujimori, and Colombia’s state oil company Ecopetrol reiterating its net zero goals for 2050 Peru Elections Results […]
Atlas’ D&I Program Recognized With LAVCA’s 2020 Gender Diversity Award
(Atlas, 8.Jun.2021) — The Association for Private Capital Investment in Latin America (LAVCA), dedicated to supporting the growth of private capital in the region, recognized Atlas Renewable Energy with the 2021 Gender and Diversity Award for their Female Workforce Program during the Seventh Annual Latin American Private Capital ESG Deal […]
SSR Mining Reveals $200mn Senior Secured Revolving Credit Facility
(SSR Mining, 8.Jun.2021) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX:SSR) amended its existing undrawn revolving credit facility on favorable terms, increasing the facility size from $75mn to $200mn. The new facility includes an upsized accordion feature from $25mn to $100mn and the term of the facility has been extended […]
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Trinidad Briefs: Bid Rounds, Energy Transition [PDF Downloads]
(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: keynote comments from the Trinidad and Tobago Energy Conference (TTEC) 2021 from Trinidad’s Energy and Energy Industries Minister Stuart R. Young and the country’s Prime Minister Keith Rowley. MEEI’s Young On Energy Transition, Bid Rounds […]
MPC Energy Invests In Energy Efficiency Through Cogeneration In Puerto Rico
(MPC Energy Solutions, 7.Jun.2021) — MPC Energy Solutions N.V. signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to a pharmaceutical company. This is MPC Energy Solutions’ […]
EOG Resources Reveals Management Succession Plan
(EOG, 7.Jun.2021) — EOG Resources, Inc. (EOG) announced that Ezra Y. Yacob will become EOG’s Chief Executive Officer and join the Board of Directors, and that Lloyd W. “Billy” Helms, Jr., EOG’s Chief Operating Officer, will be appointed to the additional role of President. Both promotions will be effective 1 October […]
Frontera Commences Tender Offer For Its Outstanding 9.7% Senior Notes Due 2023
(Frontera, 7.Jun.2021) — Frontera Energy Corporation (TSX: FEC) is commencing a cash tender offer and consent solicitation for any and all of its outstanding 9.700% Senior Notes due 2023, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as […]
Trinidad Energy Minister Stuart Young On Gas Production, Atlantic LNG
(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Energy and Energy Industries Minister Stuart R. Young from his keynote speech done virtually during the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, natural gas production, and Atlantic LNG, among other topics. — “We intend […]
Trinidad PM Rowley On The Energy Transition, Green Hydrogen
(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Prime Minister Keith Rowley from his keynote speech done virtually as part of the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, the country’s natural gas, and green hydrogen, among other topics. — “For the Government […]
![LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results](https://energy-analytics-institute.org/wp-content/uploads/2021/06/000_9BC4DK.jpg)
LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results
(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Westmount Energy Ltd. updating on its activities in Guyana-Suriname and Peru elections results showing Keiko Fujimori leading over Pedro Castillo. Westmount Updates On Activities In Guyana-Suriname [PDF Download] Westmount Energy provided details related to its […]
Young Plans Low-carbon Energy Future For Trinidad
(Trinidad and Tobago Newsday, 7.Jun.2021) — Minister of Energy and Energy Industries Stuart Young said at the first day of the Energy Conference 2021 that Trinidad and Tobago needs to balance its demand for energy with the transition to clean energy. To do this, Young said TT needs to invest […]
Westmount Re-starts Drilling At Jabillo-1, Canje Block, Offshore Guyana
(Westmount Energy, 7.June.2021) — Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) noted the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5 June 2021. Jabillo-1 is the […]
Urgent Need For Changes To Trinidad’s Fiscal Regime
(Trinidad Energy Chamber, 7.Jun.2021) — On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is to be able to attract investment […]
Argentina Dips Into Wealth Tax To Fund Gas Investments
(Argus, 7.Jun.2021) — Argentina will funnel $580 million collected from a new wealth tax to projects for rebuilding natural gas production from a recent slump, a key to averting shortages and stemming imports, Energy Secretary Dario Martinez said June 7. The secretariat is working with state-backed YPF, the country’s biggest […]
Mexican Court Extends Pemex Market Limit Ruling
(Argus, 7.Jun.2021) — A Mexican federal court reimposed market power limits on state-owned Pemex, including the mandate to publicly post wholesale prices, extending an initial temporary suspension of recent legislative reforms. The state-owned company will now have to resume submitting its wholesale prices, commercial agreements and product discount plans for […]
Platinum Equity To Acquire Urbaser From China Tianying For $4.2bn
(Platinum Equity, 6.Jun.2021) — Platinum Equity entered into a definitive agreement to acquire Urbaser, one of the world’s largest providers of environmental services, from China Tianying Inc. for an enterprise value of approximately $4.2bn (€3.5bn). The sale is expected to be completed during the third quarter of 2021, subject to […]
Saipem And Naval Energies Ink Deal To Acquire Floating Wind Business
(Saipem, 4.Jun.2021) — Saipem and Naval Energies, a subsidiary of Naval Group, signed yesterday an agreement for the acquisition of Naval Energies’ floating wind business, consisting in Naval Energies’ engineering know-how on floating units, intellectual property rights and approximately thirty resources with expertise in modelling and simulation. The transaction has […]
SEOGS2021 Highlights: Day 3
(Energy Analytics Institute, 3.Jun.2021) — Select highlights from 3 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from Staatsolie Upstream Director Rehka Bissumbhar to National Energy President Dr. Vernon Paltoo follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which […]
Maersk Inks Two-well Deal Extension In Brazil
(Mærsk, 3.Jun.2021) — Karoon Energy Ltd exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the […]
YPF On Audit Committee Availability In Buenos Aires
(Energy Analytics Institute, 3.Jun.2021) — Pursuant to the Regulations of the National Securities Commission (Comisión Nacional de Valores in Spanish) and the terms of Article 73 of Law No. 26,831, Argentina’s state entity YPF announced that the Audit Committee are available to the shareholders at the company’s registered office located […]
Venezuelan Oil, Masked As Malaysian, Rushes Into China Ahead Fuel Tax
(Reuters, 3.Jun.2021) — Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world’s top crude importer. China has over the past 12 months […]
TotalEnergies Partners With Novatek On LNG Decarbonization
(TotalEnergies, 3.Jun.2021) — TotalEnergies and Novatek signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power, to develop large-scale carbon capture and storage solutions (CCS) and to explore […]
![International Gas Union Releases 12th Annual World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/IGU-2019_web_spreads-1.png)
International Gas Union Releases 12th Annual World LNG Report [PDF Download]
(International Gas Union, 3.Jun.2021) — The International Gas Union (IGU) is today releasing its 12th annual World LNG Report, the world’s most comprehensive public source of information on key developments and trends in the LNG sector. An exceptional year Much has changed since the release of the 2020 report, when […]
RelyOn Nutec And Crowley Partner to Launch Wind Training Courses
(RelyOn Nutec, 3.Jun.2021) — RelyOn Nutec and Crowley, have signed a memorandum of understanding (MOU), to directly enhance the availability of offshore wind safety training across the U.S. Creating an industry-leading training initiative in the U.S., the strategic partnering pairs the leading Jones Act maritime solutions provider with the world’s […]
Frontera’s CPE-6 Operations Impacted By Protests
(Frontera, 3.Jun.2021) — Frontera Energy Corporation (TSX: FEC) announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the company’s ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the company has reached its on-site […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the US’ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]
EP PetroEcuador To Tender For Oriente, Napo Crude Oils
(Energy Analytics Institute, 2.Jun.2021) — EP PetroEcuador will hold two new spot sales on 3 June 2021, including one for the export of 2,160,000 barrels of Oriente crude oil and another for the export of 1,080,000 barrels of Napo crude oil. The state oil entity is giving the winning companies […]
Iberdrola Buys First 1,000 Supernova Fast Chargers From Wallbox
(Iberdrola, 2.Jun.2021) — Iberdrola is acquiring the first Supernova fast chargers from the electric vehicle smart charging manufacturer Wallbox, that it will install globally, in the markets in which it operates. This agreement was announced by the Chairman of Iberdrola, Ignacio Galán, and the Co-Founder and CEO of Wallbox, Enric […]
SEOGS2021 Highlights: Day 2
(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]
Excelerate Energy Says FSRU Exemplar Returns To Bahia Blanca
(Excelerate, 2.Jun.2021) — Excelerate Energy L.P. announced, the company’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas […]
W.K. Kellogg Names Alejandra Garduño Martínez Director Of LAC Programs
(W.K. Kellogg Foundation, 2.Jun.2021) — The W.K. Kellogg Foundation (WKKF) announced selection of Alejandra Garduño Martínez as the new director of Latin America and Caribbean programs, effective 1 June 2021. In this role, Garduño Martínez will provide leadership and oversight of the foundation’s longstanding investments in Mexico, Haiti and Latin America and […]
The SEOGS2021: Day 1 Brief
(Energy Advance, 1.Jun.2021) — The first day at SEOGS 2021 saw an incredible 454 unique viewers tuning in from over 170 different companies to hear from the President, government of Suriname and the NOC and event host Staatsolie. Major IOC’s, NOC’s and independents spoke about their current and future plans […]
The SEOGS2021: Day 2 Brief
(Energy Advance, 2.Jun.2021) — Day 2 at SEOGS saw the total audience grown to 624 participants with over 509 engaged users. We welcomed the theme of sustainable development of natural resources for the benefit of all and covered topics of oil and gas best practice, HSSE, FPSO’s, drilling and deepwater technology, […]
Life Expectancy For Colombia’s Proven Oil Reserves Closed 2020 Stable At 6.3 Years
(Reuters, 1.Jun.2021) — Colombia’s proven oil reserves at the end of 2020 were equivalent to 6.3 years’ worth, stable versus 2019, despite declining 11% to 1.82 billion barrels as lower oil prices caused exploration activity to slump, the government said Tuesday. Proven reserves – also known as 1P reserves – […]
Atlantic LNG Gets New CEO
(Atlantic LNG, 1.Jun.2021) — LNG producer Atlantic will transition to a new Chief Executive Officer, effective August 1. Incumbent CEO Dr. Philip Mshelbila will return to his parent company, Shell, after a successful 3-year term at Atlantic. Over the next two months, Dr. Mshelbila will oversee the transition to incoming […]
Citgo Names Balvy Bhogal-Mitro As Corporate Planning VP
(Citgo, 1.Jun.2021) — Citgo President and Chief Executive Officer Carlos Jordá today announced Balvy Bhogal-Mitro has been named Vice President Strategic and Corporate Planning effective 1 June 2021. In her new role, Bhogal-Mitro is responsible for strategic planning and alignment, capital planning, corporate issues and new business development, and the company’s […]