(Petrobras, 19.Feb.2021) — Petrobras informs that it received a letter from the Ministry of Mines and Energy, requesting measures to convene an Extraordinary General Meeting in order to promote the election and replacement of a Board of Directors member, and to appoint Joaquim Silva e Luna to replace Roberto da […]
Mexico Looks to Strengthen Energy Sector
(Energy Analytics Institute, 18.Feb.2021) — Mexico’s President Andrés Manuel López Obrador said the recent Texas freeze that saw many residents in the state lose power and water service, demonstrated why his country needed to strengthen its energy sector. Highlights: The Texas storm that commenced Friday night 12 February 2021 froze […]
Fact Sheet: ERCOT
(Energy Analytics Institute, 18.Feb.2021) — The Electric Reliability Council of Texas (ERCOT) is a nonprofit organization that ensures reliable electric service for 90 percent of the state of Texas. The grid operator is regulated by the Public Utility Commission of Texas and the Texas Legislature. __________ By Jared Yamin. © […]
Diesel And Food In Venezuela
(Council on Foreign Relations, Elliott Abrams, 18.Feb.2021) — As part of the broad economic sanctions against the Maduro regime in Venezuela and especially the petroleum sector, the Trump administration barred swaps of Venezuelan crude oil for gasoline and diesel. There has been a debate over this step. The humanitarian argument […]
JinkoSolar Secures 3-year Supply Of Solar Glass
(JinkoSolar, 18.Feb.2021) — JinkoSolar Holding Co., Ltd. and its subsidiaries have signed a solar glass procurement contract with Flat Glass Group Co. Ltd., securing approximately 338 million square meters of rolled glass to support the production of 59GW of JinkoSolar’s high-efficient solar modules for three years from 2021 to 2023. […]
Orvana Announces Results Of Shareholders’ Meeting
(Orvana Minerals, 18.Feb.2021) — Orvana Minerals Corp. announced that, at its annual shareholders’ meeting held on 18 February 2021, the individuals noted below were elected as directors of the company. The report on proxies provided by the company’s transfer agent indicated the following: George Darling received 78,734,816 votes (representing 95.30% […]
Energy Projects Partner Joins Baker Botts In Houston
(Baker Botts, 18.Feb.2021) — Baker Botts L.L.P., a leading international energy, technology and life sciences law firm, announced today that Julie Mayo has joined the Energy Projects & Transactions (EPT) Section of the Global Projects Department in Houston. Ms. Mayo joins the firm from Norton Rose Fulbright, where she was […]
Argentina’s Shale Ambitions Hang In Balance
(Bloomberg, 18.Feb.2021) — YPF SA, Argentina’s state-run oil company, needs to come up with more than $1 billion to spur drilling in Patagonia, where it’s leading development of the biggest shale patch outside the U.S. It’s not going to be easy. YPF restructured bonds last week to free up money […]
IEnova Reports YE:20 And 4Q:20 Financial Results
(IEnova, 18.Feb.2021) — IEnova reported year-end and fourth quarter 2020 financial results. Highlights: – Top priority remains the health and safety of our employees while ensuring the continuity of safe and reliable operations – Full-year adjusted EBITDA up 7% to $1,006mn, meeting our 2020 Guidance – Fourth-quarter adjusted EBITDA of […]
Ecopetrol To Report On Its 2021-2023 Business Plan
(Ecopetrol, 18.Feb.2021) — Ecopetrol S.A. announces that on 23 February 2021 after market close, it will release its financial and operating results for the fourth quarter and full year 2020, and the 2021-2023 Business Plan. On 24 February, Ecopetrol’s senior management will host two conference calls to review the results […]
Texas Power Outage is Reminiscent of Socialist Venezuela
(Forbes, 18.Feb.2021) — In Houston, TX, the Energy Capital of the World, I have been without power and running water for three days. I and millions of other Texas residents are currently enduring the consequences of one of the worst instances of engineering malpractice, business mismanagement, and political irresponsibility in […]
Fitch Downgrades YPF’s IDRs To ‘RD’
(Fitch Ratings, 18.Feb.2021) — Fitch Ratings has downgraded YPF S.A.‘s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to ‘RD’ from ‘C’, due to the conclusion of its announced exchange offer. Fitch has simultaneously upgraded YPF’s Long-Term Local and Foreign Currency IDRs to ‘CCC’ from ‘RD’, and upgraded the […]
IENova To Host 4Q:20 Earnings Call
(IEnova, 18.Feb.2021) — IEnova announced plans to host its earnings call regarding its year-end and fourth quarter 2020 financial results. IEnova will broadcast a live discussion of its earnings results over the internet on Friday, 19 February 2021 at 11 a.m. ET with the company’s senior management. Access is available […]
Statement From Bondholder Group On Argentina
(The Ad Hoc Group of Argentina Exchange Bondholders, 17.Feb.2021) — The Ad Hoc Group of Argentina Exchange Bondholders today released the below statement containing its views on the current economic situation in Argentina and its government’s policies: Argentina’s Backdrop Should be Positive. With a multi-decade restructuring of its external debt […]
Positive Impact In West Africa Cocoa Communities
(CARE, 17.Feb.2021) — Today, CARE and Cargill released a report titled “A Decade of Impact in Cocoa Communities: More than Ten Years of the CARE-Cargill Partnership”. The report details the CARE-Cargill partnership successes and learnings in supporting cocoa sustainability and building better lives for cocoa farmers and their families in […]
Mexico Plans To Help Pemex But Limit Covid Spending
(Bloomberg, 17.Feb.2021) — Mexico is preparing a significant tax break for its state-owned oil firm while the constitution blocks it from taking on debt to increase social spending during the pandemic, Finance Minister Arturo Herrera said in an interview. Lowering the state’s demands on Pemex, its biggest taxpayer, could help […]
Mexico Presses US To Guarantee Gas Supplies
(Reuters, 17.Feb.2021) — The Mexican government called the top U.S. representative in Mexico on Wednesday to press for natural gas supplies after the Texas governor ordered fuel to remain in the state during a freeze that has overwhelmed its energy grid. Already, earlier this week, natural gas supplies to Mexico […]
Dominion Urges Customers Prepare For 2nd Ice Storm
(Dominion Energy, 17.Feb.2021) — Dominion Energy Virginia crews are preparing for a second round of ice and freezing rain as they wrap up restoration efforts following last weekend’s destructive ice storm. The second ice storm is expected to begin Thursday, and it could potentially be more impactful than the most […]
NiSource Reports 2020 Results
(NiSource, 17.Feb.2021) — NiSource Inc. announced, on a GAAP basis, net income available to common shareholders for the three months ended 31 December 2020 of $70.7mn, or $0.18/share, compared to a net loss available to common shareholders of $153mn, or $0.41/share, for the same period of 2019. For the 12 […]
Consumers Energy Crews Headed To North Carolina
(Consumers Energy, 17.Feb.2021) — Nearly 50 Consumers Energy workers are headed to North Carolina this morning to help restore power after tens of thousands of customers were left without power from a series of severe storms across the Southern and Southeastern U.S. in the last several days. The 15 Consumers […]
Ovintiv Reveals Governance, Environmental Initiatives
(Ovintiv, 17.Feb.2021) — Ovintiv Inc., in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives. Highlights: — Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the […]
Certarus Announces Launch Of Strategic Review
(Certarus, 17.Feb.2021) — Certarus Ltd. initiated a review of strategic alternatives. In light of favourable market conditions and recent inbound interest, the Corporation is undertaking a full strategic review to explore alternatives to maximize shareholder value. The decision comes following a review by both the Board of Directors and Certarus […]
Frontera Releases Resources Details On Guyana Blocks
(Frontera, 16.Feb.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners, announced completion of an independent Prospective Resource study and report in respect of the Corentyne North Area, Corentyne Main Area and Demerara block, offshore Guyana. The Joint Venture is also pleased to announce the successful rescheduling of […]
Solaris Announces New Discovery At Warintza West
(Solaris Resources, 16.Feb.2021) — Solaris Resources Inc. announced a significant new discovery in maiden drilling at Warintza West and the first detailed geophysical survey covering its Warintza Project have revealed a much more extensive porphyry system than previously understood. To meet the increased scope of resource and discovery drilling, the […]
Petrobras On Rating Maintenance By Fitch
(Petrobras, 16.Feb.2021) — Petrobras announces rating agency Fitch affirmed the ”BB-“ issuer default ratings for Petrobras, with a negative outlook, reflecting the agency’s opinion on the sovereign’s ratings. Petrobras stand-alone credit profile was also affirmed at “bbb”, 4 notches above the sovereign. Fitch highlighted the company’s strong capital structure, declining […]
Genie Solar Completes Rooftop Solar Installation
(Genie Solar Energy, 16.Feb.2021) — Genie Solar Energy, a developer, designer and installer of commercial solar systems, has completed an innovative rooftop solar installation for Kraft Power, a provider of generator and cogeneration systems. Kraft Power’s 57.5 kW custom rooftop solar system was installed at its distribution center in Pompton […]
Duke’s Solar Generation Flourishes For Florida
(Duke Energy Florida, 16.Feb.2021) — Duke Energy Florida is delivering on its commitment to provide cleaner, smarter energy solutions to benefit all Florida customers. The company is investing an estimated $1bn to construct or acquire a total of 700 megawatts of cost-effective solar power facilities from 2018 through 2022 in […]
GoldMining To Launch Gold Royalty IPO
(GoldMining, 16.Feb.2021) — GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC) has launched a roadshow for the proposed initial public offering (IPO) of its units. GRC is offering up to 6,000,000 units under the IPO at a price of $5/unit. Each unit will be comprised of one common […]
Guyana Cautious On 2021 Oil Output, Price
(Argus, 15.Feb.2021) — Guyana forecasts average crude production of 109,000 b/d in 2021, 46.7pc above last year but short of initial expectations because of a recurring technical glitch. The government is predicting a 4pc year-on-year increase in the Brent crude price to around $43.9/bl, finance minister Ashni Singh said on […]
China, Russia, Venezuela: Q&A With Thomas O’Donnell
(Energy Analytics Institute, 13.Feb.2021) — China and Russia continue to push around their might in Venezuela. Thomas O’Donnell with the Hertie School of Governance & Freie Universität-Berlin weighs in briefly here. Energy Analytics Institute: What might China and Russia be willing to do this year to assist Venezuela’s President Nicolas […]
Shell Going ‘Green’, Plans Steady Drop In Oil Business
(AP, 12.Feb.2021) — Royal Dutch Shell, one of the multinationals that has defined the oil industry, is slowly turning away from the fossil fuel that made its fortune over the decades, but also worsened a global climate crisis The company said on Thursday that its production of oil peaked before […]
José R. Pocaterra Elected Chairman Of Citgo BODs
(Citgo, 12.Feb.2021) — The Citgo Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been elected Chairman of the Board of Directors. Mr. Pocaterra brings more than 20 years of financial professional experience in the oil and gas industry. Mr. Pocaterra held various positions in the Budget, […]
UN’s Douhan Urges Lifting Sanctions Against Venezuela
(OHCHR, 12.Feb.2021) — The UN Special Rapporteur on unilateral coercive measures and human rights, Alena Douhan, today urged the United States, European Union and other States to drop unilateral sanctions imposed against Venezuela. At the end of a two-week visit to Venezuela, Douhan said the sanctions have exacerbated pre-existing calamities. […]
UN Reports On Impacts Of US Sanctions On Venezuela
(OHCHR, 12.Feb.2021) — The United Nations Special Rapporteur on the negative impact of unilateral coercive measures on the enjoyment of human rights, Ms. Alena Douhan, visited the Bolivarian Republic of Venezuela from 1-12 February 2021. She thanks the Government of the Bolivarian Republic of Venezuela for enabling and supporting her […]
Seaspan Reveals 10 LNG Containership Newbuilds
(Seaspan, 12.Feb.2021) — Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., today announced that it has entered into agreements with a major shipyard for 10 – 15,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. The ultra-modern containerships are anticipated to begin deliveries in the first half of 2023, […]
ZIM And Seaspan Announce Deal For LNG-Fueled Vessels
(ZIM Integrated, 12.Feb.2021) — ZIM Integrated Shipping Services Ltd., and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., announced today a strategic agreement for the long-term charter of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve ZIM’s Asia – US East Coast trade. ZIM is […]
Total And Sigeif Mobilités Open NGV Filling Station
(Total, 12.Feb.2021) — Total has inaugurated France’s largest filling station exclusively dedicated to Natural Gas for Vehicle (NGV) and bioNGV, with the onsite presence of Jean-Baptiste Djebbari, French Minister Delegate for Transport. Located at the heart of the logistics platform of Gennevilliers, the second largest fluvial port in Europe, this […]
US Still Eyes “Free And Fair” Elections In Venezuela
(Energy Analytics Institute, 11.Feb.2021) — The US, despite recent presidential elections and a drastic change of leadership from the top down, continues in pursuit of “free and fair” elections in Venezuela and is willing to reverse sanctions if the results are achieved. “The [US] sanctions are to force a change […]
IEnova To Report YE:20 Earnings On Feb. 18
(Sempra, 11.Feb.2021) — Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its year-end and fourth-quarter 2020 earnings by 6 p.m. ET, 18 February 2021, in advance of a conference call with IEnova executives at 11 a.m. ET, 19 February. RELATED STORY: Sempra Energy To […]
Sempra Energy To Report YE:20 Earnings Feb. 25
(Sempra, 11.Feb.2021) — Sempra Energy plans to release its fourth-quarter and year-end 2020 earnings by 7 a.m. ET, Thursday, 25 February 2021. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Thursday, 25 February. Investors, media, analysts and the public may listen to a live webcast of […]
Venture Global LNG Closes $500mn Term Loan
(Venture Global, 11.Feb.2021) — Venture Global LNG, Inc. announced today that it has closed a $500mn term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A. The proceeds will be used to fund pre-FID construction activities at the company’s […]
Petrobras On Inking PSA For RLAM
(Petrobras, 11.Feb.2021) — Petrobras, regarding a piece of news published on the media about the sale of the refineries, clarifies that the dates for the signing of the purchase and sale agreement and for their effective transfer to the buyers (respectively signing and closing) are merely internal estimates subject to […]
Guyana Re-engages India On Support For Renewables
(Guyana Times, 11.Feb.2021) — Guyana has re-engaged the Indian Government through The Energy and Resources Institute (TERI) to provide technological support in several sectors that will drive its achievement of the Sustainable Development Goals 2030. President Dr Irfaan Ali made this announcement during his address to the World Sustainable Development […]
Venezuela Briefs: Oil Tankers, OPEC+ Meeting
(Energy Analytics Institute, 10.Feb.2021) — Venezuelan briefs related to the departure of oil tankers Era and Explorer from PDVSA’s Amuay refinery in Punto Fijo and Venezuela’s participation in recent OPEC+ discussions. Oil Tankers Depart Amuay For Singapore (Energy Analytics Institute, 10.Feb.2021) — The oil tankers Era and Explorer are said […]
YPF Reveals 4Q:20 Conference Call Date
(Energy Analytics Institute, 11.Feb.2021) — Argentina’s oil and gas giant YPF plans to announce results of operations for the fourth quarter 2020 and full year 2020 on 5 March 2021. ____________________ By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.
Petrobras To Host 4Q:20 Results Webcast
(Petrobras, 10.Feb.2021) — Petrobras informs that on 25 February 2021 two webcasts will be held, the first in Portuguese and the second in English, to present the company’s results for the fourth quarter of 2020. Petrobras will use the Microsoft Teams tool (link below) for the event. 25 February 2021 […]
EP PetroEcuador Reveals Energy Efficiency Program
(Energy Analytics Institute, 10.Feb.2021) — Ecuador’s state oil company EP PetroEcuador announced details of its Energy Efficiency Program, which uses associated gas for electricity generation to optimize resources and minimize impacts on the environmental. According to details about the program, PetroEcuador achieved the following savings between June 2009 and December […]
SeaOne Granted 30-Year Port Concession In Buenaventura
(SeaOne Holdings, 10.Feb.2021) — SeaOne Holdings, LLC, which is developing various projects for the delivery of US produced natural gas and natural gas liquids (NGLs) to the Caribbean, Central and South America, today announced that Colombia’s National Infrastructure Agency (ANI) has granted and approved an initial 30-year port concession to […]
China Expands Presence In LatAm’s Energy Industries
(IOA, 10.Feb.2021) — China is broadening its presence in Latin America’s energy and strategic minerals sectors, posing challenges to the regional countries themselves as well as to the United States, according to a new white paper published by the Institute of the Americas (IOA), an independent, nonpartisan organization based in […]
Seadrill Limited: Filing Of Chapter 11 Cases For Seadrill
(Seadrill Limited, 10.Feb.2021) — The Board of Seadrill Limited announces that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill and its consolidated subsidiaries (the “Seadrill Group”) with the exceptions set out below. These filings are made in addition to the Chapter 11 […]