(Petrobras, 16.Apr.2021) — Petrobras informs that the consortium of Libra, constituted by Petrobras (40%), in partnership with Shell Brasil Petróleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil Petróleo e Gás Ltda. (10%) and CNOOC Petroleum Brasil Ltda. (10%), having Pré-Sal Petróleo S.A. (PPSA) as contract manager, notified […]
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
NnG, Saipem And InfraStrata Reveal Major Contract For Harland & Wolff
(Saipem, 16.Apr.2021) — Neart na Gaoithe (NnG) Offshore Wind Limited (jointly owned by EDF Renewables and ESB), its tier one service provider, Saipem, and InfraStrata, owner of Harland & Wolff, jointly announce that a contract has been signed for Harland & Wolff to carry out the fabrication and load-out of […]
Petrobras On Resignation Of BODs Member
(Petrobras, 16.Apr.2021) — Petrobras informs that it received today a resignation letter from the member of the Board of Directors, Marcelo Gasparino da Silva, elected through a multiple vote process in the Extraordinary General Meeting of 12 April 2021. In the terms of the resignation letter, the member of the […]
EP PetroEcuador Opens Doors To Corruption Investigation
(Energy Analytics Institute, 15.Apr.2021) — EP PetroEcuador offered Ecuador’s attorney general’s office access to all the necessary facilities it sees fit to collect any type of information requested as part of the investigation processes of the justice institution related to acts of corruption related to the state entity. Alleged cases […]
LatAm Briefs: New Pacific In Bolivia, Orvana’s 2Q:21 Production
(Energy Analytics Institute, 15.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific acquiring the Carangas Silver Project, Bolivia and Orvana announcing second quarter production of 14,197 AuEq oz and exploration update. New Pacific Acquires the Carangas Silver Project, Bolivia (New Pacific Metals, 12.Apr.2021) — New […]
Argentina Prioritizing Oil Sector Legislation
(S&P Global, 15.Apr.2021) — Argentina’s government is making advances on drafting a bill to provide incentives for ramping up the country’s oil and natural gas production and exports, while more immediately seeking an agreement to end a protest stymieing activity in the Vaca Muerta shale play, Energy Secretary Dario Martinez […]
IBC Ships First Pilot Module Salar De Maricunga In Chile
(IBC Advanced Technologies, 15.Apr.2021) — The module will be a key component of the SuperLig® Molecular Recognition Technology (“MRT”) pilot plant (the “Pilot Plant”) being built by IBC Advanced Technologies, Inc. (“IBC”) to demonstrate the green, direct extraction of lithium (“Li”) from brine at the Maricunga salt flat, or salar, […]
Achieving Paris Goals To Upend Markets
(WoodMac, 15.Apr.2021) — If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so […]
Using CO2 Enhances Oil Recovery In TT
(Trinidad and Tobago Newsday, 15.Apr.2021) — In February 2021, the Ministry of Energy and Energy Industries (MEEI) announced that Cabinet agreed to establish a carbon capture and carbon dioxide (CO2) enhanced oil recovery (EOR) steering committee, responsible for managing the implementation of a large-scale CO2-EOR project in Trinidad. Potential oilfields […]
LatAm Briefs: Health Workers Protest In Argentina
(Energy Analytics Institute, 14.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Labor Ministry issuing a mandatory conciliation between oil workers and companies, companies in Argentina prepare to pay more for gas starting 1 May 2021, and health and social workers protest in Neuquén. Argentina’s Labor […]
CB&I Awarded LNG Storage Contract For Philippines’ First LNG Import Terminal
(McDermott International, Ltd, 14.Apr.2021) — McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of a liquefied natural gas (LNG) storage tank for AG&P’s Philippines LNG import and […]
EU Commissioner Blasts Brazil Climate Pledge
(Reuters, 14.Apr.2021) — The European Union’s top environment official told Brazil on Wednesday that the South American country’s updated climate pledge “sends a bad signal” by only committing to reaching net zero carbon emissions by 2060. Like most of the world, Brazil late last year submitted an updated commitment under […]
Pemex Says Minatitlan Refinery Repair To Take 90 Days
(Argus, 14.Apr.2021) — Full repairs after a major fire at Pemex’s 285,000 b/d refinery in Minatitlan, Veracruz, will likely take 90 days, although some production could restart as soon as 30 April, the state-owned company said. “For security reasons the refinery is not operating but it is hoped that work […]
Sempra To Report 1Q:21 Earnings May 5
(Sempra, 14.Apr.2021) — Sempra Energy plans to release its first-quarter 2021 earnings by 7 a.m. ET, Wednesday, 5 May 2021. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Wednesday, 5 May. Investors, media, analysts and the public may listen to a live webcast of the conference […]
Clean Energy Project Proposed In NM
(Newpoint Gas, 14.Apr.2021) — Newpoint Gas, LLC, and Brooks Energy Company announce Escalante H2 Power, a technology collaboration that converts retired coal-fired power plants (CFPP) to use blue/green hydrogen as fuel with three precedent-setting results. In upcycling the retired generation station, Escalante H2 Power achieves (1) net zero emissions dispatchable […]
Petrobras On Approval Of Dividend
(Petrobras, 14.Apr.2021) — Petrobras, following up on the release disclosed on 24 February 2021, informs that, in a meeting held today, the Annual General Meeting approved the proposal for allocation of the 2020 fiscal year results forwarded by the Board of Directors, of remuneration to shareholders in the form of […]
Ecuador Judge Orders Pre-trial Detention Of Officials In Oil Graft Case
(Reuters, 14.Apr.2021) — An Ecuadorean judge ordered that the country’s current comptroller and former energy minister be placed under pre-trial detention on charges of organized crime related to state oil company Petroecuador, prosecutors said on Wednesday. Prosecutors on Tuesday alleged that Comptroller Pablo Celi and former energy minister Jose Agusto […]
Pampa To Start Producing Vaca Muerta Oil
(S&P Global, 14.Apr.2021) — Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on a bet that a rise in domestic and export demand and prices will improve profits, Horacio […]
Pemex’s Lazaro Cardenas Refinery Off-line
(Reuters, 13.Apr.2021) — Petroleos Mexicanos (Pemex) said on Tuesday the Lazaro Cardenas oil refinery it operates in the eastern city of Minatitlan is out of service after a fire last week. Pemex said in a statement production would potentially resume on April 30, although it could take up to 90 […]
Total, Siemens To Reduce LNG Related Emissions
(Total, 13.Apr.2021) — Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such […]
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the Caribbean, revealed its latest promo video related to its media kit 2021/22 and SPonsor and ADvertiser (SPAD) opportunities. ____________________ By Rafael Hurtado, Lilly Chistine, Chad […]
LatAm Briefs: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuador’s run-off election and Andean oil producer Ecuador pumping around 495,438 barrels per day of oil. Lasso Wins Run-off Election In Ecuador Guillermo Lasso Mendoza won the presidential run-off election on […]
Talos Reports Good Results At Puma West
(Talos, 13.Apr.2021) — Talos Energy Inc., along with affiliates of bp plc and Chevron U.S.A. Inc. (collectively, the “Co-Owners”) today announced successful drilling results from the Puma West exploration project located in the U.S. Gulf of Mexico Green Canyon Block 821. The Puma West well was drilled to a total […]
US Sends Congrats To Guillermo Lasso
(US State Department, 13.Apr.2021) — On behalf of the people of the United States, I congratulate Guillermo Lasso on his election as the next President of Ecuador. We also extend our congratulations to the Ecuadorian people for exercising their right to select their leadership, especially during these uniquely challenging times. […]
APA Names New Senior Exploration VP
(APA Corp., 12.Apr.2021) — APA Corporation today announced Tracey K. Henderson has been appointed Senior Vice President, Exploration. Henderson joins APA from Kosmos Energy, where she served as Chief Exploration Officer. While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana, one of the largest oil […]
Equinor Sees 1H:21 Peregrino Restart
(Reuters, 12.Apr.2021) — Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of […]
Petrobras Shareholders Pave Way For New CEO
(Reuters, 12.Apr.2021) — Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important […]
Total, CNOOC Reach Deals On Uganda, Tanzania Projects
(Reuters, 12.Apr.2021) — French major Total said on Monday and its partners have concluded final agreements to launch the Lake Albert resources development project in Uganda and Tanzania. Total and partner China National Offshore Oil Corporation plan to exploit oil reserves in Lake Albert in Uganda and construct a $3.5 […]
Pan American Commences Tender Offer
(Pan American, 12.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company (“Pan American”), commenced a tender offer for cash (the “Offer”) for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and US69783UAA97) […]
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm […]
Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas
(Touchstone, 12.Apr.2021) — Touchstone Exploration Inc. announces the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore Trinidad and Tobago (Heritage Petroleum Company Limited […]
Suriname Energy Summit: 1-3 June 2021
(Energy Advance, 12.Apr.2021) — The Suriname Energy, Oil & Gas Summit (SEOGS) will be hosted virtually from 1-3 June 2021. The inaugural SEOGS hosted by Staatsolie is the official event for Suriname’s nascent hydrocarbons sector and looks to bring together all the major public and private sector stakeholders across the entire oil and gas value […]
Vaca Muerta Faces Production Decline
(S&P Global, 12.Apr.2021) — Argentina’s oil and natural gas output could begin to fall in the next few days if protesting health workers and truckers continue to block access to fields in Vaca Muerta, a shale play that has been driving growth, sources at two production companies there said April […]
Ecuador Bonds Rally As Millionaire Banker Wins Ecuadorian Presidency
(Bloomberg, 11.Apr.2021) — Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up U.S. ties. Lasso beat out economist Andres Arauz, a left-wing protege of former President Rafael Correa, by a clear margin […]
Tipco Wins Bid To Export Napo Crude
(Energy Analytics Institute, 11.Apr.2021) — EP PetroEcuador awarded the Thai company Tipco Asphalt Public Company Limited a deal for the export of 720,000 barrels of Napo crude. The barrels will be offered in 2 shipments of 360,000 barrels +/- 5% each, which will be delivered in April 2021, PetroEcuador announced […]
Trafigura Wins Bid For Oriente Crude
(Energy Analytics Institute, 10.Apr.2021) — EP PetroEcuador awarded an export deal for 1,080,000 barrels of Oriente crude to Singapore company Trafigura PTE. LTD. The volume offered will be exported in 3 shipments of 360,000 barrels +/- 5% each, which will be delivered in April 2021, PetroEcuador announced 11 April 2021 […]
‘Triple Pandemic’ Devastating Ecuador’s Amazon Communities
(El Pais, 9.Apr.2021) — The fuel that flowed into the Napo and Coca rivers in the northeastern rainforest of Ecuador more than a year ago caused a humanitarian and ecological disaster. The affected indigenous communities are demanding answers from the authorities and companies that have been reluctant to act On […]
Ecopetrol Files Form 20-F (2020)
(Ecopetrol, 9.Apr.2021) — Ecopetrol S.A. announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (SEC). With the filing of its annual report under Form 20-F the company complies with its reporting obligations with the SEC, […]
Fitch Revises Citgo’s Outlook To Stable
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at ‘B’ and CITGO Holding (Holdco) at ‘CCC+’, Opco’s senior secured term loans, notes, and industrial revenue bonds at ‘BB’/’RR1’, and Holdco’s senior secured term loans and bonds at ‘B+’/’RR1’. Fitch withdrew the […]
Venezuelan Oil Flow Recedes
(Argus, 8.Apr.2021) — Venezuelan crude production fell back in early April after state-owned PdV diverted limited diluent and light crude from Orinoco heavy oil operations to its recovering refining sector. Output from the Orinoco heavy oil belt declined from around 360,000 b/d in late March to less than 200,000 b/d […]
Nabarima FSO Completes Oil Offloading
(Reuters, 8.Apr.2021) — A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for output to resume in an oilfield, an official of the facility’s operator said on Thursday. Operations to remove crude from […]
EP PetroEcuador Continues With Preventive Pipeline Work
(Energy Analytics Institute, 8.Apr.2021) — One year after the rupture of the Trans-Ecuadorian Pipeline System (SOTE), the Shushufindi-Quito Products Pipeline, operated by EP PetroEcuador, and the Heavy Crude Oil Pipeline (OCP), operated by OCP Ecuador SA, state entity EP PetroEcuador continues with work to prevent and mitigate damages caused by […]
A Role For Gas In Renewables-rich Brazil
(Shell, 8.Apr.2021) — Brazil boasts one of the world’s most enviable bounties of renewable power – it is flush with hydroelectric, wind and solar resources. But adverse weather like droughts can reduce supply from hydroelectric plants, which account for roughly two-thirds of the power grid’s output. Now the country is […]
Saipem And Siram Veolia Ink MOU For Transition Project Collaborate
(Saipem, 8.Apr.2021) — Saipem and Siram Veolia have signed a Memorandum of Understanding (MoU) relating to a collaboration agreement for the implementation of projects focused on the energy transition in Italy. In particular, the two companies intend to pursue opportunities in the treatment and reuse of water and waste, the […]
Destruction Of The Downstream TT Sector
(Trinidad Guardian, 7.Apr.2021) — On April 1 Methanol Holdings (Trinidad) Ltd announced that it had taken a decision to immediately shut down its M4 and M5000 methanol plants in Point Lisas, with the latter being the largest methanol plant in the country and the world. According to MHTL the decision […]
Gold Port Says Drill Program Advances
(Gold Port Corporation, 7.Apr.2021) — Gold Port Corporation is providing a corporate update on its operations in Guyana. Groete Gold Copper Project Drill Program Camp expansion at the company owned Groete Gold Copper Project, located in Guyana, has been completed and the work site is now prepared for a phase […]
Petrobras Pushes Back Mero-1 Start-Up
(Petrobras, 7.Apr.2021) — Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of 2022. The FPSO will be installed in the Mero field, which belongs to the Libra Block, in the Santos Basin […]
Ethiopia To Continue Filling Disputed Dam
(Bloomberg, 7.Apr.2021) — Ethiopia plans to proceed with the second phase of filling a giant dam on the main tributary of the Nile River, as it dismissed calls to bring in more international mediators to resolve a dispute over the reservoir. “The second-year filling of the Grand Ethiopian Renaissance Dam […]
Excelerate Completes 2000th Ship-to-Ship Transfer Of LNG
(Excelerate Energy, 6.Apr.2021) — Excelerate Energy L.P. completed its 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) on 3 April 2021, at Excelerate’s Moheshkhali Floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate’s floating storage regasification unit (FSRU) Excellence and a conventional LNG carrier, 144,191 […]