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SEOGS2021 Highlights : Day 1

(Energy Analytics Institute, 1.Jun.2021) — Select highlights from 1 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from President Chandrikapersad Santokhi to Staatsolie CEO Annand Jagesar follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which was held virtually from […]

Panama Reveals Plans For $1bn Gas Plant

(Reuters, 1.Jun.2021) — Panama’s President Laurentino Cortizo announced on Tuesday the construction of a $1 billion plant for electricity generation using natural gas as the Central American country seeks to increase its share of cleaner energy. Called Gatun, the plant will be located at Isla Telfers near the port of […]

GoldMining Initiates Preliminary Economic Assessment For The SĂŁo Jorge Project

(GoldMining, 1.Jun.2021) — GoldMining (TSX: GOLD) (NYSE American: GLDG) is initiating a preliminary economic assessment (PEA) on its 100% owned SĂŁo Jorge Gold Project in ParĂĄ State, Brazil and announces the results of an updated Mineral Resource Estimate (MRE). Highlights: Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading […]

Total Changes Name To TotalEnergies SE

(Total, 1.Jun.2021) — Total’s Ordinary and Extraordinary Meeting of Shareholders decided on 28 May 2021 to change the company’s name to TotalEnergies SE.  The name and ticker symbol of TotalEnergies shares and American depositary receipts (ADR) will be adjusted as follows: Moreover, each market will release a notice specifying the […]

Suriname And The SEOGS2021 Set To Start

(Energy Advance, 1.Jun.2021) — Staatsolie’s inaugural address will Suriname Energy, Oil & Gas Summit, running from 1-3 June 2021. With H.E. Chandrikapersad Santokhi, President, Government of the Republic of Suriname giving a keynote address this morning the Suriname Energy, Oil & Gas Summit, 1-3 June 2021, hosted by Staatsolie Maatschappij […]

MPC Energy Provides 1Q:21 Update

(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]

2021 P4G Seoul Summit To Fight Climate Change

(Ministry of Foreign Affairs, Republic of Korea, 30.May.2021) — As responding to climate change emerges as the biggest issue in the international community, the 2021 P4G Seoul Summit will be held at Dongdaemun Design Plaza (DDP) in Seoul from 30-31 May 2021. The P4G Seoul Summit is the third of […]

Entergy Finalizes Divestment Of Indian Point Energy Center To Holtec

(Entergy Corporation, 28.May.2021) — Entergy Corporation (NYSE: ETR) completed the sale of the subsidiaries that own Indian Point Energy Center to a Holtec International subsidiary, which plans to complete major decommissioning activities at the site decades sooner than if Entergy had continued to own the facility. The final operating unit […]

Brazil Faces Worst Dry Spell In 91 Years

(Reuters, 28.May.2021) — Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture while raising the risk of Amazon fires. Late on Thursday, the Electricity Sector Monitoring Committee (CMSE), which […]

Talos Energy Updates On ESG Initiatives Before Releasing ESG Report

(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]

Trinidad Briefs: Touchstone Share Options And Share Purchase [PDF Downloads]

(Energy Analytics Institute, 27.May.2021) — Energy briefs from the Latin America and Caribbean region including: Touchstone Exploration Inc.’s director share purchase and Touchstone’s annual share options. Touchstone Director Share Purchase [PDF Download] Touchstone announces the following purchases of company common shares as of 27 May 2021 (see PDF download). Touchstone […]

Maersk Drilling Agrees To Divest MĂŠrsk Inspirer

(Maersk, 27.May.2021) — Maersk Drilling entered into an agreement to divest the combined drilling and production unit MĂŠrsk Inspirer to Havila Sirius for a price of $373mn. This transaction is in line with Maersk Drilling’s strategic objective of aligning its fleet to its core business, while also further strengthening Maersk […]

LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast

(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to rise slightly in 2021, according to estimates revealed by Ecoanalitica. Ecopetrol’s Reports Steady Loads At Barrancabermeja Refinery The loads at […]

Ecopetrol Says Protests Impacting Its Operations

(Ecopetrol, 26.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation in Colombia whereby social protests have resulted in blockades of the country’s main roads and isolated […]

Touchstone Updates On Trinidad Operations

(Touchstone, 25.May.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an operational update, highlighted by the recovery of pressure gauges from the Cascadura Deep-1 well on the company’s Ortoire onshore exploration block in Trinidad (Touchstone 80 percent working interest operator, Heritage Petroleum Company Limited 20 percent working interest). As previously […]

LNG-short Peru Rationing Gas Distribution

(Argus, 24.May.2021) — One of Peru’s top natural gas distributors is rationing supply and exploring options after the early May outage of the Peru LNG liquefaction complex on which it relies. Gases del Pacifico-Quavii, a subsidiary of Colombia’s Promigas, lost supply around 7 May when a compressor broke down at […]

EnVen Energy Acquires Neptune

(EnVen Energy, 24.May.2021) — EnVen Energy Corporation closed a transaction to acquire 35% ownership interest in the Neptune field from BHP Billiton Petroleum (Deepwater) Inc. through its affiliate, EnVen Energy Ventures, LLC. EnVen will increase its ownership interest in the Neptune field from 30% to 65% and assume the role […]

Synchrony And Citgo Ink Multi-Year Contract Extension

(Synchrony, 24.May.2021) — Synchrony (NYSE: SYF), a premier consumer financial services company, and Citgo Petroleum Corporation, a U.S.-based refiner, transporter, and marketer of transportation fuels, lubricants, and petrochemicals, today announced a multi-year extension of their strategic partnership highlighting Synchrony’s commitment to offer Citgo customers with enhanced purchasing options and more […]

Orvana Completes Taguas Property Acquisition

(Orvana Minerals, 21.May.2021) — Orvana Minerals Corp. (TSX: ORV) completed the requisite steps to transfer ownership of the Taguas property to Orvana Argentina S.A., a wholly-owned subsidiary of the company. The Taguas acquisition is now complete. The Taguas property consists of 15 mining concessions over an area of 3,273.87 ha. […]

Citgo Reveals Its 1Q:21 Results

(Citgo, 21.May.2021) — CITGO Petroleum Corporation reported its first quarter 2021 performance results, including a net loss of $180mn, an EBITDA loss of $(21)mn and Adjusted EBITDA1 of $10mn. The quarter marked the first positive quarterly Adjusted EBITDA for CITGO since the full onset of the coronavirus pandemic. The company’s overall […]

S&P Downgrades Ecopetrol Rating

(Ecopetrol, 21.May.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in line with the downgrade of the rating of the Republic of Colombia, the rating agency S&P Global Ratings downgraded the company’s credit rating from BBB- (negative outlook) to BB+ (stable outlook). S&P Global Ratings maintained Ecopetrol’s Stand-Alone rating […]

Energy Transition Represents $14tn Uncertainty For Upstream Sector

(WoodMac, 20.May.2021) — The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.  Oil and gas is a risky business. Over the years, those risks have been tempered by a single tenet – that demand would continue to […]

Fact Box: Qatar’s North Field Expansion (NFE) Project

(US Department of Commerce, 20.May.2021) — Significant opportunities exist in Qatar for US companies offering products and services in LNG production. Qatar is the largest global exporter of liquefied natural gas (LNG), and the country’s exports of LNG, crude oil, and petroleum products constitute the majority of government revenue. Despite […]

LatAm Briefs: NGCs’ Methane Initiatives, Deloitte’s Decarbonization Challenge 2030

(Energy Analytics Institute, 19.May.2021) — Energy briefs from the Latin America and Caribbean region including: The National Gas Company of Trinidad and Tobago Limited (NGC)’s methane initiatives the Deloitte’s 2030 decarbonization challenge. [PDF Downloads] The National Gas Company’s Methane Initiatives [PDF Download] NGC revealed details about its methane initiatives and […]

NGC Joins Global Methane Partnership

(NGC, 19.May.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) has strengthened its proactive and assertive campaign to reduce its carbon impact by joining the global Oil and Gas Methane Partnership (OGMP). The OGMP is a comprehensive, measurement-based methane reporting framework that standardizes rigorous and transparent emissions […]

IEA Reveals Net Zero By 2050 Roadmap Report [PDF Downloads]

(Energy Analytics Institute, 18.May.2021) — The Paris-based International Energy Agency (IEA) revealed its major report titled “Net Zero by 2050: A Roadmap for the Global Sector.” The report and associated power point presentations are available here. ____________________ By Chad Archey. © Energy Analytics Institute (EAI). All Rights Reserved.

JinkoSolar Reports Changes To Senior Management

(JinkoSolar, 18.May.2021) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the change of its chief financial officer, in order to comply with certain business operation independence requirements of the Shanghai Stock Exchange’s Sci-Tech Innovation Board (the “STAR Market”) in relation to the proposed listing of its principal operating subsidiary, Jinko […]