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Tullow Starts Drilling Campaign In Ghana

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(Tullow, 6.Apr.2021) — Tullow Oil plc started a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on 5 April 2021.  As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells […]

Petrobras Boosts Investments In Northern Brazil

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(Petrobras, 6.Apr.2021) — Petrobras announces that it signed agreements with BP Energy do Brasil Ltda (BP) to take over BP’s entire stakes in six blocks, located in ultra-deep water in northern Brazil, approximately 120 km from the state of AmapĂĄ, in a high-potential exploratory frontier on the Brazilian equatorial margin.  […]

Colombia Oil Workers Join Anti-Fracking Campaign

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(Reuters, 6.Apr.2021) — Colombia’s largest oil union has joined anti-fracking activists to oppose the development of non-conventional energy deposits and demand a quicker transition to renewable energy, campaigners said on Tuesday. The Petroleum Industry Workers Union (USO) and the Colombia Free from Fracking Alliance said in a joint statement they […]

Qatar Petroleum Enters Two Namibian Offshore Exploration Blocks

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(Qatar Petroleum, 6.Apr.2021) – Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia. Under the terms of the agreement, which is subject to customary approvals, Qatar Petroleum will hold a 45% participating interest in the PEL 39 exploration […]

Double Eagle Announces $6.4bn Divestiture in the Midland Basin

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(Double Eagle, 5.Apr.2021) — Double Eagle III Midco 2 LLC, wholly owned by DoublePoint Energy, LLC, announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD). This transaction is valued at approximately $6.4bn as of […]

EP PetroEcuador Dispatches 517 Million Gallons Of Fuel

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(Energy Analytics Institute, 5.Apr.2021) — During the first quarter of 2021, EP PetroEcuador dispatched 516.72 million gallons of fuel including Super, Extra, EcopaĂ­s, Artisanal Fishing and Diesel to Ecuador’s automotive and fishing sectors, the state entity announced 5 April 2021 in an official statement. ____________________ By Piero Stewart. © Energy […]

More Pain For Trinidad’s Gas Sector

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(Trinidad Express, 2.Apr.2021) — A new wave of natural gas pain hit Trinidad and Tobago yesterday. The pain came when the country’s largest producer of methanol, the Switzerland-headquartered Proman group, announced it was idling its M4 and M5000 methanol plants on the Point Lisas Industrial Estate effective immediately. In a […]

Shell Updates On African Assets In Annual Report

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(Shell, 1.Apr.2021) — Shell provided details in its 2020 annual report related to its operations in Africa from Egypt, Nigeria and Algeria, among other countries. What follows is a summary from the report. Africa Egypt We have a 50% interest in the Badr Petroleum Company (BAPETCO), a joint venture between […]

Petrobras Completes Health Plan Transition

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(Petrobras, 1.Apr.2021) — Petrobras, following up on the release disclosed on 29 April 2020, informs that the transition of Petrobras health plan operation was completed. As of April, the Petrobras Health Association (APS) takes over the operation of this benefit, becoming responsible for caring for nearly 280,000 beneficiaries throughout Brazil. […]

Cayman Islands Elections: Report

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(Energy Analytics Institute, 31.Mar.2021) — “Determining the appropriate policy reforms to sustainably improve the socio-economic trajectory of the best-run country in the Caribbean, must feel like figuring out what gift to buy for someone who already has everything,” announced Caribbean economist Marla Dukharan in her Caribbean Monthly Economic Report released […]

Stellantis And Engie EPS Form JV

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(Stellantis, 31.Mar.2021) — In a major step as they move towards the completion of their Joint Venture as announced on 26 January 2021, Stellantis and Engie EPS announced composition of the Board of Directors and the corporate name of the new entity: Free2Move eSolutions. Free2Move eSolutions has the ambition to […]

Brazil’s 1P Reserves Decline In 2020

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(Energy Analytics Institute, 31.Mar.2021) — Brazil’s crude oil and natural gas reserves fell in 2020 across 1P, 2P and 3P categories, according to details published by the country’s National Agency of Petroleum, Natural Gas and Biofuels (ANP by its Portuguese acronym). In 2020, Brazil’s proven 1P oil reserves were 11.89 […]

Tullow Divests Assets In Equatorial Guinea

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(Tullow, 31.Mar.2021) — Tullow Oil plc announced the sale of its assets in Equatorial Guinea to Panoro Energy ASA has now completed. Earlier today, Tullow received a payment of $88.8mn from Panoro.  As previously disclosed, this transaction also includes contingent cash payments of up to $16mn which are linked to […]

Jair Bolsonaro Sparks Political Crisis

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(Reuters, 30.Mar.2021) — Brazil will replace the three heads of its armed forces, the Defense Ministry said on Tuesday, as Latin America’s biggest nation, already roiled by the pandemic, faced a growing crisis between President Jair Bolsonaro and the military. The departure of Brazil’s three top military commanders comes a […]

Aris Gold Announces 2020 Financial Results

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(Aris Gold, 31.Mar.2021) — Aris Gold Corporation announces fourth quarter (Q4) and full year 2020 financial results from its wholly owned Marmato mine in Colombia. The company’s 2020 Management’s Discussion and Analysis (MD&A) and Financial Statements have been filed under the company’s profile on SEDAR at www.sedar.com and are available […]

AEP Energy And Opdenergy To Provide 100% Clean Energy

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(AEP Energy, 31.Mar.2021) — AEP Energy, a subsidiary of American Electric Power, signed an agreement with Opdenergy, an Independent Power Producer with extensive experience in the development, financing, construction and operation of renewable assets. Under the terms of the 12-year agreement, Opdenergy will develop an 80-megawatt (MWac) solar plant located […]

Bristow Announces Team Reorganization

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(Bristow, 31.Mar.2021) — Bristow Group Inc. announced changes to its executive leadership team structure that will help the company capitalize on evolving market conditions and better position Bristow for long-term growth. The changes are effective April 1st, as the company begins its new fiscal year. “As we continue to make […]

SkyX Expands Into South America

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(SkyX, 30.Mar.2021) — SkyX, a leader in aerial intelligence powered by autonomous long-range UAV solutions, is announcing a new partnership with Servi Sud SRL, a service provider for the energy industry in Bolivia, and the installation of an agent in Argentina. Since going to market, SkyX has experienced increasing demand […]

Stellantis To Add To Electrified Range

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(Reuters, 30.Mar.2021) — Stellantis, the world’s fourth largest carmaker, plans to offer an electric version of the Opel Astra and a hybrid Peugeot 308 among new additions to its electrified range this year. Stellantis wants to exploit its size to take on rivals in the race to produce more electric […]

LatAm Briefs: Russia, Venezuela Boost Ties; YPF Meeting

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(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Russia and Venezuela strengthening their cooperation and Argentina’s state oil producer YPF eyeing shareholders’ meeting on 30 April 2021. Russia And Venezuela Strengthen Cooperation A Russian-Venezuelan high-level intergovernmental commission (CIAN by its Spanish acronym) signed […]

SSR Mining Releases ESG, Sustainability Report

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(SSR Mining, 30.Mar.2021) — SSR Mining Inc. announced publication of its ESG and Sustainability Report. The report outlines SSR’s approach to sustainability across a range of areas and summarizes SSR’s 2020 performance. Sustainability Report Highlights Amalgamation of best practices from across our business to develop an integrated Environment, Health, Safety […]

How Pemex’s Wings Got Clipped

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(Reuters, 30.Mar.2021) — Shortly before taking office late in 2018, President Andres Manuel Lopez Obrador vowed to boost crude oil production at Mexican giant Pemex by nearly half, following more than a dozen years of decline. The ambitious goal of increasing the state-run company’s oil output from 1.8 million barrels […]

Ecopetrol On Shareholders’ Meeting

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(Ecopetrol, 29.Mar.2021) — Ecopetrol S.A. announced that at the ordinary General Shareholders’ Meeting, held on 26 March 2021, the company’s Shareholders approved the following: 1.  The earnings distribution proposal presented for their consideration, which establishes the distribution of an ordinary dividend per share of seventeen pesos (COP$ 17). The dividend […]

Promigas To Host Virtual Investor Day

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(Promigas, 29.Mar.2021) — Promigas S.A. E.S.P. will host a virtual Investor Day event on 29 April 2021 from 9:30 a.m. to 12:00 p.m. Eastern Time (8:30 to 11:00 a.m. Bogota Colombia time). Promigas executives presenting during the event include President & Chief Executive Officer Eric Flesch, Legal and Sustainability Vice […]

ContourGlobal To Capture, Utilize CO2

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(ContourGlobal, 29.Mar.2021) — ContourGlobal plc and Alpek, S.A.B. de C.V. formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and medical industries. The facility will be integrated into ContourGlobal’s 420 MW Combined Heat and Power Plant located in Altamira, Mexico […]

Petrobras Dismisses HR Executive

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(Petrobras, 29.Mar.2021) — Petrobras, regarding the pieces of news in the media, clarifies that today the Executive Manager of Human Resources was dismissed from the company for having failed to comply with the Policy of Disclosure of Material Act or Fact and of Securities Trading, which prohibits the negotiation of […]

Maduro’s Eyes Buying Vaccines With Oil

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(Reuters, 28.Mar.2021) — Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about how such a scheme would work. The crisis-stricken OPEC nation’s crude exports have plummeted to their lowest levels in decades since Washington sanctioned state oil […]

Committee Named For ISA Valuation

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(Ecopetrol, 26.Mar.2021) — Ecopetrol S.A. reports that its Board of Directors, within the context of the potential acquisition of the 51.4% of the outstanding shares currently owned by the Ministry of Finance and Public Credit in ISA, approved today the establishment of a Special Committee that will act as a […]

Sener To Decide On Zama Unitization

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(Talos, 26.Mar.2021) — Talos Energy Inc. announced that the unitization process of the Zama field will enter its next phase, as established in Mexican regulation. The Mexican Ministry of Energy (“SENER”) is now required to propose finalized terms of a Unitization and Unit Operating Agreement (“UUOA”) based on international best […]

Lopez Obrador Eyes Oil Permits

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(Reuters, 26.Mar.2021) — Lopez Obrador argues previous administrations skewed the energy market in favor of business interests and were intent on carving up national oil firm Petroleos Mexicanos (Pemex) and power utility the Comision Federal de Electricidad (CFE). His new initiative, a copy of which was seen by Reuters, set […]

INEOS Energy To Sell Norwegian Assets

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(INEOS Energy, 25.Mar.2021) — INEOS Energy announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway AS for a consideration of $615mn. The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf. Highlights: […]

Ecopetrol Eyes Net Zero Emissions By 2050

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(Ecopetrol, 25.Mar.2021) — In line with its commitment to mitigate climate change, further the energy transition and its TESG agenda[1], Ecopetrol Group announces its goal of net zero emissions by 2050. Ecopetrol is the first company in the Oil and Gas industry in Latin America to establish this ambitious goal, […]

CNOOC’s Production Hits Record High

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(CNOOC Limited, 25.Mar.2021) — CNOOC Limited announced its 2020 annual results for the year ended 31 December 2020. In 2020, CNOOC Limited strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices and the impact of COVID-19 epidemic, and built up a strict […]

Kootenay Announces Drilling At Copalito Project

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(Kootenay Silver, 25.Mar.2021) — Kootenay Silver Inc. announce that a 3,500-meter core drilling program has commenced at the Copalito gold and silver project, located in Sinaloa State, Mexico. The program will follow up the results of 40 shallow drill-holes totaling 4,153 meters completed in 2020, confirming gold and silver mineralization […]

Noble, Pacific Drilling Agree to Combine

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(Noble, 25.Mar.2021) — Noble Corporation and Pacific Drilling Company LLC entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.  The definitive merger agreement was unanimously approved by each company’s Board of Directors. The transaction has also been approved by a majority of […]

Antonio Pinho Joins Excelerate In Brazil

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(Excelerate Energy, 25.Mar.2021) — Excelerate Energy announced Antonio Pinho has joined the team as Commercial Director for Brazil. His addition comes as Excelerate continues to strengthen its position in South America to meet the growing demand for reliable energy in the region. Antonio joined the company on 4 March 2021, […]

Venezuela: “A Vision In Three Times”

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(Energy Analytics Institute, 25.Mar.2021) — The webinar “Venezuela: a Vision in Three Times” on 25 March 2021 saw three speakers discuss the OPEC country’s oil sector. What follows are highlights from their discussion. Horacio Medina, the President of PDVSA’s Ad Hoc Board — “Venezuela’s state oil company PetrĂłleos de Venezuela […]