(Pan American Silver, 6.May.2021) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released its 2020 Sustainability Report, which includes details on the company’s environmental, social, corporate governance, and health and safety goals and performance. “Pan American remains committed to continuously improving our sustainability performance. We are implementing industry best practices, including […]
Sunoco LP Reports 1Q:21 Operating Results
(Sunoco, 6.May.2021) — Sunoco LP (NYSE: SUN) reported financial and operating results for the three-month period ended 31 March 2021. The Partnership’s solid first quarter results demonstrate the durability of its business and management’s capacity to navigate difficult operating conditions as SUN faced the combined challenges in the quarter from persistently […]
Galileo Patagonia Fueling Station Provides Solution For Heavy Transport And NGVs
(Galileo, 5.May.2021) — The latest version of the Galileo Patagoniaâ„¢ Smart Station for Liquefied to Compressed Natural Gas (LCNG) is an innovative solution that accelerates the expansion of ‘Alternative Fuels Corridors’ dedicated to all kinds of natural gas vehicles (NGVs). Its plug-and-play configuration and reduced physical footprint enable fueling stations […]
Total Confirms Remobilization, Planning Of The Papua LNG Project
(Total, 5.May.2021) — A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua […]
Ecopetrol CEO Felipe Bayón On 1Q:21 Webcast
(Seeking Alpha, 5.May.2021) — Colombia’s state oil company Ecopetrol S.A. (NYSE:EC) hosted its 1Q:21 results earnings conference call on 5 May 2021. The transcript follows. Company Participants Felipe Bayón – CEO Alberto Consuegra – COO Jaime Caballero – CFO Walter Canova – VP, Refining Milena López – Director, Strategy and […]
Höegh LNG Announces 2021 Meeting
(Höegh LNG Partners, 5.May.2021) — Höegh LNG Partners LP (NYSE: HMLP) advises that its 2021 Annual Meeting will be held on 8 June 2021. The record date for voting at the Annual Meeting, at which a member of the Board of Directors of the Partnership will be elected, is set to 17 May […]
Sempra Reports 1Q:21 Earnings Results
(Sempra Energy, 5.May.2021) — Sempra Energy (NYSE: SRE) announced first-quarter 2021 earnings of $874mn, or $2.87 per diluted share, compared to first-quarter 2020 earnings of $760mn, or $2.53 per diluted share. On an adjusted basis, the company’s first-quarter 2021 earnings were $900mn, or $2.95 per diluted share, compared to $741mn, or $2.47 per diluted share, in the first quarter of 2020. “Over the […]
Talos Energy Announces 1Q:21 Results
(Talos Energy, 5.May.2021) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2021. Key Highlights: Successful high-impact sub-salt Miocene deepwater exploration discovery at Puma West, located approximately 15 miles from the prolific Mad Dog field. Successful multi-well drilling program at Green Canyon […]
Braskem Reports 1Q:21 Operating Result
(Braskem, 5.May.2021) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its results for 1Q21. 1Q21 HIGHLIGHTS Braskem – Consolidated In 1Q21, the company’s recurring Operating Result was $1,266mn, 52% higher than 4Q20, mainly due to: (i) better spreads for PE, PP and main chemicals in Brazil, for PP in the United […]
LatAm Briefs: Venezuela Oil Output, Ecopetrol Tactical Hedges
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s rising crude oil production and tactical hedges in place by Colombia’s Ecopetrol. Venezuela’s Oil Production Continues To Rise Venezuela’s crude oil production continues to rise despite US sanctions that impede it legally trading oil […]
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LatAmNRG briefs: Ecopetrol results [PDF download]; roadblocks in Neuquén
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Ecopetrol reporting strong 1Q:21 financial results [see enclosed PDF download] and a Chilean congressman expressing outrage related to ongoing roadblocks in Argentina’s Neuquén province. Ecopetrol Reports Strong 1Q:21 Financial Results [PDF Download] Colombia state-controlled oil […]
Former PDVSA Executive Ortega Gets Two Year Prison Sentence
(AP, 5.May.2021) — A former Venezuelan oil executive was sentenced to more than two years in prison for taking at least $12 million in bribes from businessmen who allegedly raided the coffers of the state-run oil company. Abraham Ortega is the first former Venezuelan official to be sentenced as part […]
Argentina’s Economy Buckles After Leader Puts Politics First
(Bloomberg, 4.May.2021) — In late March, Argentine President Alberto Fernandez sent his guy to Washington to smooth things over. With negotiations stalled, Economy Minister Martin Guzman had meetings with U.S. officials and the International Monetary Fund over its $45 billion loan. Back home, Fernandez’s populist vice president took to the […]
LatAm Briefs: Petrol Shortages In Cali, Salary Deal In Argentina
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: foodstuff and petrol shortages in Cali, Colombia and Argentine entities reaching a salary agreement. Foodstuff And Petrol Shortages In Cali Shortages of foodstuffs and petrol have been reported in Cali, Colombia as a result of […]
Colombian President Urges Dialogue
(Reuters, 4.May.2021) — Colombian President Ivan Duque said on Tuesday the government is ready for national dialogue after days of protests led to over 20 deaths and international concern about excessive use of force by police. The protests, set to continue on Wednesday, were originally called in opposition to the […]
PetroRio Eyeing Assets Beyond Petrobras’ Albacora Field-CEO
(Reuters, 4.May.2021) — Brazilian oil company PetroRio is still interested in acquiring the Albacora field in the Campos Basin from Petrobras, but is also eyeing other offshore assets, the company’s chief executive, Roberto Monteiro, said on Tuesday. The offer phase for Albacora is expected to be in July, Monteiro said […]
Venezuelan Olive Branches Pressure US To Ease Sanctions
(Argus, 4.May.2021) — Venezuela’s government has incorporated the political opposition into its electoral board, another olive branch that puts pressure on the US administration to ease sanctions. But President Joe Biden’s administration has signaled that it is in no hurry to change course on Venezuela. In a closely monitored session […]
BHP Reports First Oil From Ruby Offshore Trinidad And Tobago
(BHP, 4.May.2021) — BHP announced first oil production from the Ruby Project in offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field. The development consists of both oil and gas production from the Ruby and Delaware […]
LatAm Briefs: IPD On Sanctions On Venezuela, bp’s Looney On Transformation
(Energy Analytics Institute, 4.May.2021) — Energy briefs from the Latin America and Caribbean region including: IPD Latin America’s Managing Director David Voght on US’ sanctions on Venezuela and bp’s CEO Bernard Looney on the company’s evolution from an IOC to an IEC. IPD’s David Voght On US’ Sanctions On Venezuela […]
Go Solar Group Enters Residential Solar Market In New Mexico
(Go Solar, 4.May.2021) — Salt Lake City-headquartered residential solar company, Go Solar Group, has announced its official expansion to New Mexico’s residential solar market. In addition to helping New Mexico homeowners save thousands of dollars on electric bills, Go Solar Group offers customers a unique opportunity, free of charge, to support the expansion of clean […]
Ecopetrol Group Reveals 1Q:21 Results
(Ecopetrol, 4.May.2021) — Ecopetrol SA announced the Ecopetrol Group’s financial results for the first quarter of 2021, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. The figures included in this report were extracted from the company’s unaudited financial statements. The financial information is expressed in billions […]
Exxon To Change Compressor Manufacturer On Liza Unity, Prosperity
(DPI, 3.May.2021) — Minister of Natural Resources, Hon. Vickram Bharrat said ExxonMobil’s local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), will switch the manufacturer of the compressor equipment it uses, to ensure there is no flaring during future projects. This Minister made this disclosure on the sidelines of the […]
Petrobras Launches New Natural Gas Sales Products
(Petrobras, 3.May.2021) — Petrobras approved new contractual models for the sale of natural gas to distributors. The company will offer, in addition to the existing models, indexed to Brent oil price, a pricing alternative with less volatility, without giving up the alignment with international prices. The new model will be […]
LatAm Briefs: Wind Generation Capacity, Vaca Muerta Production
(Energy Analytics Institute, 3.May.2021) — Energy briefs from the Latin America and Caribbean region including: Latin America’s wind generation capacity expands between 2000-2019, production from Argentina’s Vaca Muerta formation continues to dominate production from the Neuquén Province and state oil and gas entity YPF inaugurates futuristic petrol station in Buenos […]
Suriname Shallow Offshore (SHO) Bid Round 2020/2021 Closes
(Staatsolie, 2.May.2021) — The Suriname Shallow Offshore (SHO) Bid Round 2020/2021 which was launched on 16 November 2020 has been closed for bid submissions as per 30 April 2021, in accordance with the timeline provided in the Instruction to Bidders. Staatsolie Maatschappij Suriname N.V. has received a total of ten (10) […]
Staatsolie Offers Forum Recordings On Local Content Service
(Staatsolie, 1.May.2021) — The recordings and presentation from the Local Content Service Forum held on 4 March 2021 are now available. You can find it here. The FAQ will be available soon. If you are not registered with the Suriname Supplier Portal, we invite you to register. If you are a […]
Venezuela’s Oil Exports Stabilize
(Reuters, 1.May.2021) — Venezuela’s April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters of its shipments headed to Asia and the Middle East, according to tanker tracking data and documents from state-run Petroleos de Venezuela. PDVSA’s exports have […]
Ecopetrol Reports On Sanction By ANLA
(Ecopetrol, 30.Apr.2021) — Ecopetrol S.A., informs that the National Authority on Environmental Licensing (ANLA), through Resolution No. 754 of 2021, declared the company responsible for carrying out works, during the construction phase of the hydrocarbon transportation system of the Poliducto Andino project, that would not have been covered by the […]
Mexico Port Works On US-Sanctioned Tankers That Transport Venezuela’s Oil
(Reuters, 30.Apr.2021) — Three Cuban-flagged tankers that are under U.S. sanctions for transporting Venezuelan oil to the Communist-run island have been serviced in the port of Veracruz on Mexico’s Gulf coast, according to vessel tracking data and industry sources. The maintenance work on the vessels — one of which was […]
Petrobras Commences Binding Phase For Divestment Of TBG And TSB
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 5 February 2021, informs the beginning of the binding phase regarding the sale of the totality of its stakes of 51% in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira de Gás S.A. (TSB). Potential buyers […]
Brazil Exploring Green Hydrogen
(Argus, 30.Apr.2021) — Brazil is hosting a growing number of green hydrogen initiatives as the government prepares a national hydrogen plan and regulations. Hydrogen specialist Lavinia Hollanda, founding partner at Escopo Energia, spoke to Argus about Brazil’s prospects for this emerging industry. What advantages does Brazil offer for developing green […]
Petrobras On Sale Of Braskem
(Petrobras, 30.Apr.2021) — Petrobras, regarding the piece of news published in the media, clarifies that its equity interest in Braskem is part of the non-core assets to divest by the company, as disclosed in the Strategic Plan 2021-2025. However, there is still no definition or decision about the sale model. […]
Enel Américas Files 2020 Form 20-F
(Enel, 30.Apr.2021) — Enel Américas (NYSE: ENIA), announced that its 2020 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission on 30 April 2021. Enel Américas is a company engaged in the electricity generation and distribution businesses in Argentina, Brazil, Colombia and Peru. […]
Petrobras Extends Maturity Of Revolving Credit Line
(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 28 March 2019, has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25bn, for two more years. Thus, 63% of the total amount of the credit line, that is, $2.05bn, can […]
Exxon CEO Leads 1Q:21 Results Webcast
(Seeking Alpha, 30.Apr.2021) — Exxon Mobil Corporation (NYSE:XOM) hosted its 1Q:021 results conference call on 30 April 2021. What follows is a transcript of the call between company executives and analysts. Company Participants Stephen Littleton – VP, IR and Secretary Darren Woods – Chairman and CEO Conference Call Participants Devin […]
Exxon Highlights Deepwater Ops In Guyana And Brazil
(Energy Analytics Institute, 30.Apr.2021) — ExxonMobil’s deepwater projects offshore Guyana and Brazil generate returns over 10% with an oil price below $35 per barrel, the company’s CEO Darren Woods told analyst during a conference call on 30 April 2020. In Guyana, the executive said the following: the 5th and 6th […]
CSI Compressco Reports 1Q:21 Results
(CSI Compressco, 30.Apr.2021) — CSI Compressco LP (NASDAQ: CCLP) announced first quarter 2021 results. First Quarter 2021 Summary: Total revenues for the first quarter 2021 were $65.7mn, compared to $71.1mn in the fourth quarter 2020.Compression and related services revenue increased sequentially to $54.2mn in the first quarter 2021 compared to […]
Pampa EnergÃa Files 2020 Annual Report
(Pampa EnergÃa, 30.Apr.2021) — Pampa EnergÃa S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), the largest independent energy integrated company in Argentina, with participation in the electricity and gas value chain, announces today it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2020 […]
Sandstorm Gold To Hold Webcast
(Sandstorm Gold, 29.Apr.2021) — Sandstorm Gold Ltd. will hold a webcast and conference call on 30 April 2021 starting at 8:30am PDT to further discuss the first quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link […]
Golden Arrow Provides Update On Projects In Argentina, Chile, And Paraguay
(Golden Arrow Resources, 29.Apr.2021) — Golden Arrow Resources Corporation provided an update on exploration activities at its three most active projects, including the first results from the on-going trenching program at the Esperanza property of the Flecha de Oro gold project, Argentina. Phase I of the trenching program at Esperanza […]
Bristow Inks Contract Extension With Aker BP In Norway
(Bristow, 29.Apr.2021) — Bristow Group Inc. (NYSE: VTOL) announced a three-year contract extension until August 2024 with Aker BP to support air transportation crew change services for their operations in the Norwegian continental shelf. Bristow has been an Aker BP (former BP Norge) aviation partner for more than 15 years […]
Vista Oil & Gas Files Annual Report
(Vista Oil & Gas, 28.Apr.2021) — Vista Oil & Gas, S.A.B. de C.V. filed its annual report on Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (“SEC”) earlier today, and a Spanish-language 2020 Annual Report (the “Informe Anual CNBV“) with the […]
The Role Of NOCs On The Road To Net Zero
(WoodMac, 28.Apr.2021) — Will national oil companies be next to set ambitious emission reduction targets? NOCs dominate the global oil and gas space – producing 50% of liquids and 48% of gas in 2021. And as some IOCs diversify away from oil and gas as part of their energy transition […]
Hess Corp. Reports 1Q:21 Results
(Hess 28.Apr.2021) — Hess reported net income of $252mn, or $0.82 per common share, in the first quarter of 2021, compared with a net loss of $2,433mn, or $8.00 per common share, in the first quarter of 2020 that included impairment and other after-tax charges of $2,251mn. On an adjusted […]
Ecopetrol On Release Of 1Q:21 Results
(Ecopetrol, 28.Apr.2021) — Ecopetrol S.A. announces that on 4 May 2021 after market close, it will release its financial and operating results for the first quarter of 2021. On Wednesday, 5 May 2021 Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and one […]
Chile Speeds Up Plans To Shut Coal Plants
(S&P Global, 28.Apr.2021) — Chile plans to close half of its coal-fired power plants by 2025, 15 years ahead of a deadline to eliminate the fossil fuel from its power mix, Energy Minister Juan Carlos Jobet said April 28. “We are continuing to consolidate the age of clean energy and […]
Guyana’s President Comments On Energy Matters, Others
(Energy Analytics Institute, 28.Apr.2021) — Guyana’s President Mohamed Irfaan Ali  held a press conference on 28 April 2021 and discussed energy matters while touching on oil revenues and local content, among other issues. What follows here are highlights from his briefing. — “Granting of any new oil blocks will be […]
Big Carbon Gains From NGC’s Reforestation Project
(NGC, 28.Apr.2021) — After an extensive study of the large-scale reforestation project launched by The National Gas Company of Trinidad and Tobago Limited (NGC) 2005, it was found that 2,885 tons of Carbon have been sequestered, consisting 2,290 tons above ground and an additional 595 tons below ground. Significantly, the […]
Sempra Releases 2020 Corporate Sustainability Report
(Sempra 28.Apr.2021) — Sempra Energy (NYSE: SRE) released its 2020 Corporate Sustainability Report, highlighting the company’s actions to create long-term value for shareholders and other stakeholders by managing risks and capturing opportunities related to environmental, social and governance (ESG) factors. The company’s actions are anchored to its four key sustainability […]
Roadblocks Lifted At Argentine Fields
(Argus, 28.Apr.2021) — Protesters in Argentina have lifted roadblocks that had crippled shale oil and gas activity and thwarted fuel distribution for almost three weeks. Healthcare workers started blocking roads around the Vaca Muerta shale patch in Neuquen province on 7 April in an effort to secure higher pay. They […]