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Zacatecas Silver Trades On TSX Venture

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(Zacatecas Silver Corp., 2.Mar.2021) — Zacatecas Silver Corp. announced its common shares commence trading today, on the TSX Venture Exchange, under the symbol “ZAC”. Highlights: Significant historic inferred silver resource in a world class silver mining region which is open along strike and at depth. Work starting immediately to target […]

Nextracker To Supply Smart Solar Trackers In Brazil

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(Nextracker, 2.Mar.2021) — Nextrackerℱ, a  Flex company, announced that it has been selected by leading Brazilian EPC firm Andrade Gutierrez and developer Elera RenovĂĄveis (formerly Brookfield Energia RenovĂĄvel) to supply 830 MW of its world-leading solar tracker technology, NX Horizonℱ for Phase I of the JanaĂșba solar complex located near the city […]

Petrobras On Board Member Decisions

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(Petrobras, 2.Mar.2021) — Petrobras following up on the releases disclosed on 19 and 23 February 2021 announces it was informed by the Board Members JoĂŁo Cox Neto, Nivio Ziviani, Paulo Cesar de Souza e Silva and Omar Carneiro da Cunha Sobrinho that they do not intend to be reappointed to […]

Apache And APA Finalize New Holding Structure

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(Apache, 1.Mar.2021) — Apache Corporation and APA Corporation announced completion of the previously announced holding company structure, making APA the parent holding company of Apache. APA replaces Apache as the public company trading on the Nasdaq stock market under the ticker symbol “APA.” Each share of Apache common stock outstanding […]

Investor’s Fear Colombia Pressured Ecopetrol

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(Bloomberg, 28.Feb.2021) — The deal, as investors from Bogota to New York see it, has all the markings of a cash-strapped federal government forcing a state-run company to bail it out. Ecopetrol SA, Colombia’s biggest oil company, would hand over about $4 billion to the government in exchange for control […]

Petrobras Inks Contract To Divest Mangue Seco 2

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(Petrobras, 26.Feb.2021) — Petrobras, following up on the release disclosed on 05/04/2020, informs that it signed today with Fundo de Investimento em ParticipaçÔes MultiestratĂ©gia Pirineus (FIP Pirineus), a contract for the sale of its entire 51% interest in the capital of EĂłlica Mangue Seco 2 – Geradora e Comercializadora de […]

Sempra To Support Winter Storm Relief In Texas

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(Sempra Energy, 26.Feb.2021) — Sempra Energy, announced that the Sempra Energy Foundation is pledging $1mn to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state. This builds on a $250,000 donation by Sempra Energy for food relief in Houston and Southeast Texas and will bolster […]

Debt And Doubt: The Suriname Oil Tale

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(The Jamaica Gleaner, 26.Feb.2021) — Located in the northeastern rump of South America, Suriname is one of the three countries known as the Guianas. The other two are Guyana and French Guiana. Guyana was originally known as British Guiana, and Suriname was Dutch Guiana. In reality, there were five original […]

SBM Offshore Awarded LOI For Almirante Tamandaré

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(SBM Offshore, 25.Feb.2021) — SBM Offshore signed a Letter of Intent (LOI) together with PetrĂłleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante TamandarĂ©, to be deployed at the BĂșzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in […]

Gold Fields Welcomes NERSA Approval Of Solar Plant

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(Gold Fields, 25.Feb.2021) — Gold Fields Limited welcomes the electricity generation licence approved today by the National Energy Regulator of South Africa (NERSA) for the construction of a 40MW solar power plant at its South Deep mine. The acting CEO of NERSA now has to authorise the license, a decision […]

Pemex To Host 4Q Conference Call

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(Energy Analytics Institute, 25.Feb.2021) — Mexico’s state oil giant PetrĂłleos Mexicanos (Pemex) will host its fourth quarter and year-end 2020 conference call on 26 February 2021. To sign up to listen to the broadcast, follow this link. ____________________ By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.

Citgo’s Letter To The UN On Human Rights

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(Citgo, 25.Feb.2021) — The SimĂłn BolĂ­var Foundation (Foundation), the 501(c)(3) private foundation of Citgo Petroleum Corporation, upholds high standards of corporate governance and ethics. With these standards in mind, we wish to provide information regarding our charitable programs in Venezuela and address some of the erroneous assertions made in the […]

Petrobras Inks LOI 6th FPSO For BĂșzios Field

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(Petrobras, 24.Feb.2021) — Petrobras today signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO – floating production storage and offloading unit – Almirante TamandarĂ©, to be installed in the BĂșzios field, located in the Santos Basin pre-salt area. The FPSO will […]

Petrobras Inks Deal For Sale Of Miranga Cluster

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(Petrobras, 24.Feb.2021) — Petrobras, following up on the release disclosed on 04/03/2018, signed today with SPE Miranga S.A., a wholly owned subsidiary of PetroRecĂŽncavo S.A., a contract for the sale of its total stake in nine onshore exploration and production fields, called Miranga Cluster, located in the state of Bahia. […]

Petrobras Tax Report 2020 [PDF Download]

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(Petrobras, 24.Feb.2021) — Petrobras CEO Roberto Castello Branco provides comments from senior management on 2020 in the company’s year-end tax report. Petrobras and society witnessed an unprecedented crisis, which affected all of us in 2020. In line with our commitment to people, the environment and security, we are engaged in […]

Petrobras BOD Approves CDMPI Incorporation

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(Petrobras, 24.Feb.2021) — Petrobras informs that its Board of Directors, in a meeting held today, approved the proposed incorporation of Companhia de Desenvolvimento e Modernização de Plantas Industriais (CDMPI). The incorporation aims at simplifying and optimizing the corporate structure of Petrobras. Since this is an incorporation of a wholly-owned subsidiary, […]

Petrobras Comments On News Published In Media

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(Petrobras, 24.Feb.2021) — Petrobras, in clarification to a piece of news published in the media, informs that the Board of Directors requested the Chief Financial and Investor Relations Officer, Andrea Marques de Almeida, to seek with the Ministry of Mines and Energy, information about the existence of facts that should […]

Petrobras Charters 6th Module Of BĂșzios

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(Petrobras, 24.Feb.2021) — Petrobras today signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO – floating production storage and offloading unit – Almirante TamandarĂ©, to be installed in the BĂșzios field, located in the Santos Basin pre-salt area. The FPSO will […]

Apache Eyes Suriname FID In 2021, First Oil By 2025

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(Energy Analytics Institute, 24.Feb.2021) — Apache Corporation announced it is targeting a final investment decision (FID) by year-end and first oil flows by 2025 from its project offshore Suriname on Block 58 with France’s Total. Houston-based Apache achieved an 100% exploratory success rate on Block 58 during its 2020 drilling […]

Petrobras’ BODs Approves R$10.3bn Dividend

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(Petrobras, 24.Feb.2021) — Petrobras, informs that its Board of Directors, at a meeting held today, approved dividends to shareholders based on the 2020 annual results in the amount of R$10.3bn, corresponding to R$0.787446 per common and preferred share. This value is equivalent to 5% of the share capital, applied to […]

Moody’s On Govt Intervention At Petrobras

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(Reuters, 24.Feb.2021) — Brazilian President Jair Bolsonaro’s decision to replace the head of state-run oil giant Petrobras threatens the government’s privatization program and potentially the economy’s medium-term growth prospects, ratings agency Moody’s warned on Wednesday. “The greatest risk to Brazil’s sovereign credit profile is a confidence shock that leads to […]

Ecopetrol’s Annual General Meeting

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(Ecopetrol, 23.Feb.2021) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the Annual General Shareholders’ Meeting to be held remotely on Friday, 26 March 2021, starting at 9 a.m. The agenda for the meeting will be: Safety guidelines Quorum verification Opening by the Chief Executive Officer […]

Petrobras’ Political Risk Raises Uncertainties

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(Fitch, 23.Feb.2021) — The request to replace Petroleo Brasileiro S.A.’s (Petrobras, IDR BB-/Negative) CEO made by the Brazil’s Ministry of Mines and Energy is viewed by Fitch Ratings as raising uncertainties for the ethanol sector whose price dynamics are strongly correlated with Petrobras’ pricing policy. The government influence on Petrobras’ […]

Ecopetrol: 2020 Earnings Distribution Proposal

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(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. hereby informs of the company’s 2020 earnings distribution proposal, approved by its Board of Directors, which will be submitted for the consideration of the General Shareholders Meeting that will take place on 26 March 2021: The earnings distribution project proposes, in line with the company’s […]

Ecopetrol Reports 4Q:20 And YE:20 Results

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(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. reported today the financial results of the Ecopetrol Group for the fourth quarter and the cumulative results for 2020, prepared in accordance with the International Financial Reporting Standards applicable to Colombia. * Excluding the effect of expenses associated to the Voluntary Retirement Plan, EBITDA amounts […]

Ecopetrol Minority Owners Nominate Candidate

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(Ecopetrol, 23.Feb.2021) — Ecopetrol S.A. informs that in accordance with the subscription of the Declaration of the Nation as majority shareholder and the established procedure, the representatives of the minority shareholders deposited with Ecopetrol an agreement whereby they agreed to nominate Dr. Carlos Gustavo Cano Sanz as their candidate to […]

Petrobras In Turmoil As Investors Digest Shake-up

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(Argus, 22.Feb.2021) — The share price of Brazil’s Petrobras nosedived today after President Jair Bolsonaro moved to overhaul the state-controlled company’s management, heralding a return to state intervention and threatening to derail a $25bn-$35bn divestment plan. The stunning development sent shock waves through the company’s executive ranks and the investment […]

Politics To Forefront With Petrobras CEO’s Removal

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(Fitch, 22.Feb.2021) — On 19 Feb. 2021 Brazil’s Ministry of Mines and Energy requested that Petroleo Brasileiro S.A.’s (Petrobras) board of directors replace the company’s CEO. Fitch Ratings views this change as potentially negative for the company’s cash flow generation and standalone credit profile (SCP), which Fitch currently assesses as […]

Petrobras On Samsung Leniency Deal

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(Petrobras, 19.Feb.2021) — Petrobras has received R$360mn ($65mn) last week related to the leniency agreement executed by Samsung Heavy Industries. This cash arises from the first installment of the Samsung agreement of a total amount of R$705.9mn that will be applied to the reimbursement for Petrobras. With these values, Petrobras […]

JinkoSolar To Ink Deal With Tongwei

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(JinkoSolar, 19.Feb.2021) — JinkoSolar Holding Co., Ltd. intends to sign a “strategic cooperation agreement” with Tongwei Co., Ltd. – to jointly invest in a high-purity crystalline silicon project with annual capacity of 45,000 metric tons and a silicon wafer project with an annual production capacity of 15GW, as well as […]

Bolsonaro Says More Changes Underway

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(Blooomberg, 19.Feb.2021) — Brazilian President Jair Bolsonaro said that more changes are underway after naming a former general to replace the University of Chicago-educated economist running state-controlled Petroleo Brasileiro SA. The leadership change at Petrobras followed a feud with Bolsonaro over fuel prices after Petrobras adjusted them to align with […]

Petrobras CEO Fights Pressure To Resign

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(Reuters, 19.Feb.2021) — The chief executive of Brazil’s state-led oil company Petrobras is trying to fight off President Jair Bolsonaro’s bid to oust him over his insistence on raising gasoline prices in line with international market hikes, two sources with direct knowledge of the matter told Reuters on Friday. The […]

Ecopetrol’s Reserves Fall To 1,770 MMboe At YE:20

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(Ecopetrol, 19.Feb.2021) — Ecopetrol S.A.’s consolidated crude oil, condensates and natural gas proven reserves (1P reserves, according to the standard international denomination) as of 31 December 2020. Reserves were estimated based on US Securities and Exchange Commission (SEC) standards and methods. 99% of the reserves were audited by five recognized […]

YPF Comments On Rating Change By Fitch

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(YPF, 19.Feb.2021) — In accordance with the requirements of the Argentine Securities Commission (CNV) Rules YPF informs that Fitch Ratings decided to raise the long-term issuer default rating of the company and the rating of the unsecured negotiable obligations (“Senior Unsecured Notes”) on an international scale, in each case from […]

Petrobras CEO Castello Branco Out, Luna In

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(Energy Analytics Institute, 19.Feb.2021) — A shake up at Petrobras will see CEO Roberto Castello Branco being replaced by Joaquim Silva e Luna, according to Brazil’s mining and energy ministry. “The government decided to nominate Joaquim Silva e Luna to fulfill a new mission as board member and president of […]