(Seeking Alpha, 28.Apr.2021) — Hess Corporation reported its 1Q:21 results and held a conference call with analayst on 28 April 2021 to discuss the financial and operational details. What follows is the transcript of the call. Company Participants Jay Wilson – VP, IR John Hess – CEO Greg Hill – […]
TPHL Announces BODs Changes
(TPHL, 27.Apr.2021) — Trinidad Petroleum Holdings Limited (TPHL) announced the membership of the Boards of Directors of the companies in the TPHL Group, following the reconstitution by the Government of the Republic of Trinidad and Tobago of the Boards of Directors for TPHL and its subsidiary companies. The members of […]
TGS Files 2020 Annual Report
(TGS, 27.Apr.2021) — Transportadora de Gas del Sur S.A. 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). The 2020 Annual Report can be accessed by visiting the company’s website at www.tgs.com.ar as well as on […]
Chesapeake Reveals CEO’s Departure
(Chesapeake Energy, 27.Apr.2021) — Chesapeake Energy Corporation (NASDAQ:CHK) announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective 30 April 2021. Mike Wichterich, the Chair of Chesapeake’s Board of Directors, will serve as Interim Chief Executive Officer while the Board of Directors conducts a […]
Vista Oil Releases Sustainability Report
(Vista Oil & Gas, 27.Apr.2021) — Vista Oil & Gas, S.A.B. de C.V. announced the publication of its inaugural 2020 Sustainability Report, underscoring the company’s commitment to embed Environmental, Social and Governance (ESG) practices within its business strategy to create value in the present while building a better future for […]
Hess Finds Oil At Uaru-2, Offshore Guyana
(Hess, 27.Apr.2021) — Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru-2 well on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent. Highlights: — Adds to previous […]
Talos Energy Announces BODs Nomination
(Talos Energy, 27.Apr.2021) — Talos Energy Inc. announced the nomination of Paula R. Glover for election to the Talos Board of Directors. Formal voting and confirmation of the appointment will be completed as part of the Company’s Annual Meeting of Stockholders scheduled for 11 May 2021 at 10:00 AM Central […]
ExxonMobil Finds Oil At Uaru-2 Offshore Guyana
(ExxonMobil, 27.Apr.2021) — ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 […]
ExxonMobil Pleased With Uaru-2 Appraisal Well: Senior VP Michael Cousins Says
(Energy Analytics Institute, 27.Apr.2021) — ExxonMobil’s Senior Vice President Michael G. Cousins commented on the company’s 19th oil find offshore Guyana in the prolific Stabroek Block. “I’m thrilled to share the news that ExxonMobil has encountered more reservoirs in our Uaru-2 appraisal well offshore Guyana. This represents continued success on […]
NGC, Proman Ink Interim Gas Supply Deal
(NGC, 27.Apr.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman Trinidad announce the resumption of an interim gas supply arrangement which would facilitate an immediate restart of MHTL’s M4 and M5000 methanol plants. This interim agreement was put in place while the commercial terms of […]
LatAm Briefs: Terpel LPG Station In Cartagena, Hess Conf. Call
(Energy Analytics Institute, 26.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Terpel inaugurating Colombia’s first LPG service station in Cartagena and Hess Corporation hosting its 1Q:21 conference call to talk about Guyana and other country developments within its portfolio. Terpel Inaugurates LPG Services Station in Cartagena […]
Argentina Ramping Up LNG Imports
(Natural Gas Intelligence, 26.Apr.2021) — Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. […]
Guyana Should Consider Oil Hedge Now
(Stabroek News, 26.Apr.2021) — December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our oil? Is it the people of Guyana or the oil companies? What follows is a letter to the editor about Guyana and consideration of implementing […]
Panama Canal Begins Transition To Become Carbon Neutral By 2030
(Panama Canal Authority, 26.Apr.2020) — The Panama Canal launched its process of decarbonizing its operations, with aims of becoming carbon neutral by 2030. “We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools, and identifying the changes needed to achieve efficiencies that […]
India In Talks With Guyana For Long-Term Crude Supply
(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order […]
Stakeholders: Young, Govt Must Provide Fiscal Incentives To Save Energy Industry
(Trinidad and Tobago Newsday, 23.Apr.2021) — A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector. Young was appointed the post earlier this week after the […]
Pan American Announces Expiration Of Tender Offer
(Pan American Energy, 23.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company, announced today that the previously announced tender offer for cash for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and […]
CGX To Use Maersk Rig For Kawa-1 Well
(CGX Energy, 22.Apr.2021) — CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC), joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc., operator of the Corentyne offshore block, has entered into an agreement (the “Drilling Contract”) with Maersk Drilling […]
Pro-Pemex Bill Clears Mexico’s Lower House
(Bloomberg, 22.Apr.2021) — Mexico’s lower house of congress on Wednesday approved a reform to the country’s hydrocarbon law that removes one of the linchpins to promote private competition against state-run oil company Petroleos Mexicanos. The lower house voted 301 in favor, 147 against and two abstentions to approve the proposal, which eliminates […]
Peru Presidential Hopeful Eyes Gas, Mine Takeovers
(Argus, 22.Apr.2021) — Peru could nationalize natural gas and mining assets if little-known presidential candidate Pedro Castillo wins a 6 June run-off ballot. Castillo, a far-left rural school teacher who favors greater state control over natural resources and strategic industries, enjoys a healthy lead over Keiko Fujimori, his populist rival […]
Alaska Airlines Commits to Carbon Goals
(Alaska Airlines, 21.Apr.2021) — Alaska Airlines announced its commitment and roadmap to reduce the company’s carbon emissions to net-zero by 2040, and commitments across carbon, waste, and water impacts by 2025. Today’s announcement included the release of Alaska’s 2020 LIFT Sustainability Report detailing the company’s broader climate change strategy, including […]
Core Laboratories 1Q:21 Conference Call
(Core Laboratories, 21.Apr.2021) — Core Laboratories N.V. has scheduled a conference call to discuss its first quarter 2021 earnings announcement. The call will begin at 7:30 a.m. CDT / 2:30 p.m. CEST on Thursday, 22 April 2021. To listen to the call, please go to Core’s website at www.corelab.com. ____________________
BHP Becomes Founding Member Of Maritime Decarbonisation Centre
(BHP, 21.Apr.2021) — BHP signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to be set up in Singapore. Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp […]
Protests Erode Argentina’s Shale Flow
(Argus, 21.Apr.2021) — Argentina’s shale oil and gas production is starting to decline and fuel shortages are worsening because of prolonged roadblocks by healthcare workers in Argentina’s southwestern province of Neuquen. The blockades, which started on 7 April and now number around 30, have led to production losses of some […]
SAS Strives To Combat Deforestation, Improve Reef Health And Lower Emissions
(SAS, 21.Apr.2021) — SAS’ commitment to creating a more sustainable future through social innovation is highlighted this Earth Day, as the analytics innovator works with the Amazon Conservation and the Healthy Reefs for Healthy People (HR4HP) Initiative, led by the Smithsonian National Museum of Natural History, to help address three […]
Core Lab Reports 1Q:21 Results
(Core Laboratories, 21.Apr.2021) — Core Laboratories N.V. reported continuing operations resulted in first quarter 2021 revenue of $108,400,000. Core’s operating income was $11,600,000, with earnings per diluted share (“EPS”) of $0.18, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $12,000,000, […]
Khan’s Unfinished Business
(Trinidad & Tobago Guardian, 21.Apr.2021) — Energy Minister Franklin Khan may have departed this world on Saturday, April 17 but if we are to judge by the last full length interview there was some unfinished business he wanted to conclude. According to Minister Khan one of things he wanted to […]
Vaca Muerta Production Impacted By Neuquén Protests
(Energy Analytics Institute, 20.Apr.2021) — Oil and gas production from Argentina’s prolific Vaca Muerta formation have been impacted by nearly two weeks of protests and road blockages by health care workers seeking higher wages. Oil production in the region is initially down around 5,000 barrels per day while gas production […]
Stuart Young To Head The MEEI
(Energy Analytics Institute, 19.Apr.2021) — Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) announced appointment of the Honourable Stuart Young as the country’s newly appointed minister. Young replaces Franklin Khan, who passed away recently, the MEEI said 19 April 2021 in a social media post. ____________________ By Piero […]
Atlantic Mourns Passing Of Minister Khan
(Atlantic LNG, 19.Apr.2021) — LNG production company Atlantic expresses heartfelt condolences on the passing of Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries. We join the national community and our energy sector colleagues in lauding Senator Khan’s distinguished career and many years of dedicated service both locally […]
Mercuria Breathes Life Into Curacao Oil Storage
(Argus, 19.Apr.2021) — Trading company Mercuria started using oil storage at the Bullen Bay terminal in Curacao under a previously undisclosed short-term lease signed in December. The Liberia-flagged Largo Sun delivered a first cargo to the terminal last week, breathing life into the long-dormant terminal. The medium-range tanker departed from […]
Equinor Asks Shareholders To Reject Intermediate Scope 3 Emissions Targets
(Reuters, 19.Apr.2021) — Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products. The majority state-owned company has pledged to boost investment in renewables and has set a long-term goal to cut […]
Ramnarine: Appointment Of Energy Minister Critical To Economy
(Trinidad and Tobago Newsday, 19.Apr.2021) — Former energy minister Kevin Ramnarine said it is critical for the Prime Minister to name a new Minister of Energy over the next two days, as Trinidad and Tobago is still an oil and gas-dependent economy. He said the shortfall in revenue and the […]
Will Higher Oil Spell Trouble For Upstream Discipline?
(WoodMac, 19.Apr.2021) — In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious. “While prices over […]
Petrobras CEO Nods To Price Parity
(Reuters, 19.Apr.2021) — Joaquim Silva e Luna, the new chief executive of Brazil’s Petrobras, will look to respect the company’s current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday. The comments by the former army general signaled that Petrobras’ incoming administration will […]
Johnson Matthey Inks Strategic Partnership For Battery Materials
(Johnson Matthey, 19.Apr.2021) — Johnson Matthey (JM), a global leader in sustainable technologies, today announces significant strategic developments in the commercialisation of eLNO – its portfolio of leading nickel rich advanced cathode materials – which put JM at the forefront of providing a sustainable and secure supply of cathode materials […]
Zacatecas Silver Completes Geological, Structural Mapping
(Zacatecas Silver, 19.Apr.2021) — Zacatecas Silver Corp. completed first pass geological and structural mapping, and reconnaissance rock-chip geochemical sampling of the San Gill Breccia Zone. San Gill is located in the southern part of the main Zacatecas concessions and is approximately 2 kilometers to the southwest of the Veta Grande […]
iWrc Creates Opportunity For Waste Workers In Brazil
(iWrc Global, 19.Apr.2021) — Recycling centers often lack the proper resources to protect their employees from hazardous and strenuous working conditions. iWrc collaborates with these cooperatives to improve the health, safety, and financial stability of employees. The initiative trains workers at the cooperatives in proper practices and protocol. Elizabete Rocha, president of Futura Cooperative, says that in the past […]
LatAm Briefs: Petrobras Swears In CEO, Aker’s Mero 1 Project Update
(Energy Analytics Institute, 19.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Petrobras hosting an inauguration or swearing in ceremony for its new CEO Joaquim Silva e Luna and Aker Solutions in Brazil celebrating the last delivery marking the end of the Mero 1 project. Petrobras Hosts […]
Trafigura Wins Bid To Export Fuel Oil No. 6
(Energy Analytics Institute, 17.Apr.2021) — EP Petroecuador awarded Singapore’s Trafigura PTE. LTD. an export deal for 1,900,000 barrels of Fuel Oil No. 6. The volume offered will be exported in 10 shipments of 190,000 +/- 10% each, which will be delivered between May and July 2021, EP PetroEcuador announced 17 […]
LatAm Briefs: MEEI Minister’s Death, YPF Boosts Fuel Prices
(Energy Analytics Institute, 17.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: the passing of Trinidad and Tobago’s energy minister Franklin Khan, Argentina’s inflation reaching 4.8% in March and Argentina’s YPF boosting fuel prices an average 6%. Trinidad’s Energy Minister Franklin Khan Passes Away Franklin Khan, Trinidad […]
Enel Américas On Partial Public Tender
(Enel Américas, 16.Apr.2021) — Enel Américas S.A. (NYSE: ENIA) notes that Enel S.p.A. announced the final results of the voluntary partial public tender offer (the “Offer”) for the acquisition of shares of common stock (“Shares”) and American Depositary Shares (“ADSs”) of its listed Chilean subsidiary Enel Américas S.A. (“Enel Américas”) […]
Statement On Compressor Issue Onboard The Liza Destiny FPSO
(Guyana Ministry of Natural Resources, 16.Apr.2021) — On 11 April 2021, the Government of Guyana (GoG) was notified of an unexpected issue arising with the discharge silencer of the Flash Gas Compressor (FGC). The FGC and its associated components were recently reinstalled on April 2 and undergoing post installation tests. […]
Guyana Eyes Moves To Offset Oil Cuts
(Argus, 16.Apr.2021) — Guyana is considering unspecified economic measures to cushion the impact of repeated production cuts from US major ExxonMobil’s deepwater Stabroek block, the natural resources ministry said. Since it started oil production in December 2019 there have been repeated technical issues on the Liza Destiny floating production, storage […]
Petrobras Elects CEO, Chief Officers
(Petrobras, 16.Apr.2021) — Petrobras’ Board of Directors, in a meeting held today 16 April 2021, elected Joaquim Silva e Luna to the position of CEO of the company. The Board of Directors, as part of the process of composing the Petrobras´ Board of Executive Officers, also approved the following appointments: […]
Frontera And CGX Ink $19mn Loan Deal
(Frontera, 16.Apr.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners (the “Joint Venture“) in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced today that they have entered into a term sheet for a $19mn loan (the “Loan”) that will enable CGX to continue […]
Petrobras Board Elects CEO, CFO, New Division Heads
(Reuters, 16.Apr.2021) — The board of Brazil’s Petrobras has officially elected a slate of new executives, including Chief Executive Joaquim Silva e Luna, the state-run oil company said in a securities filing on Friday. The board also elected new heads of the company’s upstream, logistics and production development divisions, as […]
Trinidad: Natural Gas Sales Down 21%
(Trinidad Guardian, 16.Apr.2021) — Natural gas sales in T&T declined by a whopping 21 per cent from February 2020 to February 2021. According to figures from the Minister of Energy, natural gas sales continued to fall and averaged 2.646 billion cubic feet per day (bcf/d) in February 2021. Natural gas […]
PHX Minerals Prices Stock Offering
(PHX Minerals, 16.Apr.2021) — PHX Minerals Inc. priced an underwritten public offering of 5,500,000 shares of the company’s common stock at a price to the public of $2 per share. The company was initially offering 5,000,000 shares of common stock. In addition, the company granted the underwriters a 30-day option […]
Maxeon Prices Ordinary Shares
(Maxeon Solar, 16.Apr.2021) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) announced the pricing of an underwritten public offering of $125mn of ordinary shares at a price of $18 per share. Maxeon also granted the underwriters a 30-day option to purchase up to an additional $18.7mn of ordinary shares in the […]