(Energy Analytics Institute, 27.Nov.2020) â Presidential hopefully Gustavo Petro tops a recent opinion poll in Colombia, leading with 25.9% popularity in the Andean country. Colombians were surveyed by polling company Invamer and questioned about âwhich leader they would vote for if elections were today?â Leftist leaning Petro, leader of Colombia […]
B.B Energy Wins Bid To Import Naphtha Ron 80
(Energy Analytics Institute, 27.Nov.2020) â Ecuadorâs state entity EP PetroEcuador awarded B.B Energy (Asia) PTE. LTD. a deal for the importation of 1,180,000 barrels of naphtha ron 80. B.B Energy won the deal with a differential of plus $1.18 per barrel. Approximately 44 qualified companies were invited to participate in […]
JinkoSolar Sells Stake In Abu Dhabi Sweihan Station
(JinkoSolar, 27.Nov.2020) â JinkoSolar Holding Co., Ltd. announced its wholly-owned subsidiary JinkoSolar Sweihan (HK) Limited has signed a share and debt purchase agreement with Jinko Power (HK) Company Limited, an indirectly wholly-owned subsidiary of Jinko Power Technology Co., Ltd. Pursuant to the agreement, Sweihan HK will sell its 50% equity […]
Venezuela Judge Convicts Citgo-6, Orders Prison
(AP, 27.Nov.2020) â Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison, dashing hopes of a quick release that would send them home to their families in the United States. Some relatives had been […]
Venezuela Resumes Direct Oil Shipments To China
(Reuters, 26.Nov.2020) â Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA). Chinese state companies China National Petroleum Corp (CNPC) and PetroChina […]
PetroEcuadorâs Merino Is The New ARPEL Chairman
(Energy Analytics Institute, 26.Nov.2020) â EP PetroEcuador General Manager Ricardo Merino was appointed Chairman of the Board of the Association of Oil, Gas and Biofuel Companies in Latin America and the Caribbean (ARPEL by its Spanish acronym). ARPEL is made up of 24 operating companies and providers of public and […]
Petrobras Says Not Party In Arbitrations
(Petrobras, 26.Nov.2020) â Petrobras, in relation to the news published in the Exame magazine yesterday, informs that it is not a party in the arbitrations that are jointly pending before the Market Arbitration Chamber of B3, established by two minority shareholders, based on article 246 of Law 6,404/76, against the […]
Pemex To Begin 2021 Oil Hedge Contracting Soon
(Reuters, 26.Nov.2020) â Mexican oil giant Pemex is about to start the process of contracting an oil hedge for 2021, a senior source at the company told Reuters, after the previous two hedges delivered bumper payouts for the highly-indebted company. Pemexâs hedge is separate and much smaller than the one […]
Mexico Oil Executive Asked To Resign
(Bloomberg, 26.Nov.2020) â A director at the trading arm of Mexicoâs state oil company was asked to resign after authorizing payments under a profit-sharing plan, according to a person familiar with the matter. Jose Luis Cardenas Dominguez, director of administration at PMI, is expected to leave the company, said the […]
Webinar: Developing Wind Projects
(Energy Analytics Institute, 26.Nov.2020) â The webinar will highlight issues around developing wind resources and panelists will discuss developing wind projects in different parts of the world, financing and available technologies. Feature speakers include: — Nicholas Jackman, CFO Ansa McAl Ltd. — Martin Voght, Managing Director Renewable Energies, MPC Capital […]
Venezuela Briefs: Exchange Rate; PDVSA Isnât Bankrupt
(Energy Analytics Institute, 25.Nov.2020) â Foreign exchange rate and energy related briefs from OPEC oil producer Venezuela related to the rising Bolivar currency as well as comments from President Nicolas Maduro about the financial standing of state oil producer Petroleos de Venezuela (PDVSA). Venezuela Bolivar Dollar Exchange Rate at Bs. […]
Petrobras Reveals Strategic Plan 2021-2025, Cuts CAPEX
(Petrobras, 25.Nov.2020) â Petrobras announced its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2021-2025 (SP2021-25). The plan maintains the five pillars that support the implementation of the companyâs set of strategies: (i) Maximization of the return on capital employed; (ii) Reduction […]
JinkoSolar Announces New Chief Operating Officer
(JinkoSolar, 25.Nov.2020) â JinkoSolar Holding Co., Ltd. announced the resignation of Mr. Zhiqun Xu as the company’s Chief Operating Officer and the appointment of Dr. Jiun-Hua Allen Guo as the Company’s new Chief Operating Officer. Dr. Guo, who currently serves as the company’s vice president for Quality System, will assume […]
Heard Venezuela: Falcon Oil Spill, Los Roques Buildout
(Energy Analytics Institute, 25.Nov.2020) â Heard on the street from Venezuela related to a supposed oil spill in Morrocoy National Park as well as word of commercial developments in Los Roques. Another Oil Spill In Falcon State Another oil spill is suspected off the coast of Morrocoy National Park in […]
New YPFB Head Zelaya Eyes Key Projects
(Energy Analytics Institute, 25.Nov.2020) â Wilson Zelaya Prudencio, the new executive president of Boliviaâs state oil company Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB), eyes a short list of projects as he takes the helm at the company. Exploration is a priority, in addition to the start-up of the countryâs ammonia and […]
ExxonMobil To Reduce Staff Levels In Canada
(Exxon, 25.Nov.2020) â As part of an ongoing global review to identify cost efficiencies and improve long-term competitiveness, staffing levels will be reduced at ExxonMobilâs Canadian affiliates. It is anticipated that up to 300 positions will be impacted by the end of 2021 across the companyâs affiliates in Canada, which […]
The Esmeraldas refinery to produce high quality diesel
(Piero Stewart, Energy Analytics Institute, 24.Nov.2020) â Maintenance work at the non-catalytic units #2 and #3 of the Las Esmeraldas Refinery included repair work on the static, rotating, and electrical equipment as well as instruments in the following units: heavy naphtha hydrotreater, catalytic reformer, regeneration loop and diesel hydrodesulfurizer (HDS). […]
Heard Venezuela: Oil Sales To Chevron
(Energy Analytics Institute, 24.Nov.2020) â Heard on the street in Venezuela related to the sale of Venezuelan oil to US based company Chevron Corporation. OFAC License To Sale Oil To Chevron Discussions are said ongoing between US and Venezuelan officials regarding a plan that would entail a special OFAC license […]
Esmeraldas refinery to undergo maintenance work at non-catalytic units 2 and 3
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 24.Nov.2020, Words: 239) â EP PetroEcuador general manager Ricardo Merino supervised scheduled maintenance work at the non-catalytic units 2 and 3 of the Esmeraldas refinery. Work on the units will take around 47 days, PetroEcuador announced 24 Nov. 2020 in an official statement.
Petrobras Launches âMore Value Programâ
(Petrobras, 24.Nov.2020) â Petrobras launched the âMore Value Programâ (Programa Mais Valor), a new financial solution tool for suppliers. The pilot started last week and, in November 30th, the tool will be opened to companies interested in anticipating invoices with more competitive rates. The program seeks to stimulate the oil […]
Petrobras Release Dates For Petrobras Day
(Petrobras, 24.Nov.2020) â Petrobras informs that the Petrobras Day will be held in Portuguese on 30 November 2020 and in English on 1 December, when it will present its 2021-25 Strategic Plan. Petrobras will use the Microsoft Teams tool (link below) for the event: Petrobras Day Portuguese link Petrobras Day […]
Petrobras Updates On Papa-Terra Field Rumors
(Petrobras, 24.Nov.2020) â Petrobras, in relation to the news published in the media, regarding the divestment of the Papa-Terra field, Campos Basin, clarifies that the stage of receiving binding offers was completed on 29 September 2020. As a result, on 29 October, negotiations started with Starboard Asset Ltda (Starboard), a […]
Elliott Management Invests In Guyana Oil Explorer
(Reuters, 24.Nov.2020) â Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with the matter said. The deal reflects rising interest in Guyana, a […]
Venture Global LNG Awards KBR Contract Export Facility
(Venture Global, 23.Nov.2020) â Venture Global LNG, Inc. announces that KBR has been awarded the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, Louisiana. KBR will integrate highly modularized, owner-furnished equipment for the 10 […]
Geopark To Divest 10% Stake In Manati Gas Field In Brazil
(GeoPark, 23.Nov.2020) â GeoPark Limited announced its Board of Directors has approved an agreement to sell its 10% non-operated working interest in the Manati gas field in Brazil to Gas Bridge S.A. The total consideration of the transaction amounts to R$144.4mn (approximately $27mn1), including a fixed payment of R$124.4mn plus […]
Canadian Solar Inks Deals With BTG And Furnas
(Canadian Solar, 23.Nov.2020) â Canadian Solar Inc., one of the worldâs largest solar power companies, announced that it recently signed a power purchase agreement (PPA) with BTG Pactual and that it was awarded with two projects in a private auction by Furnas Centrais ElĂ©tricas for a total of 862 MWp […]
Braskem And Haldor Topsoe Production MEG From sugar
(Braskem, 23.Nov.2020) â Braskem, the largest petrochemical company in the Americas and a world leader in the production of biopolymers, and Denmark-based Haldor Topsoe, a global leader in supply of catalysts, technology, and services for the chemical and refining industries, have announced that they achieved their first-ever demo-scale production of […]
Maersk Drilling Picked For Two-rig Suriname Campaign
(Maersk, 23.Nov.2020) â Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, MĂŠrsk Developer and Maersk Valiant, for an exploration and appraisal project in Surinameâs Block 58. The campaign is expected to commence in early 2021, […]
YPFB Eyes Gomero X1 IE Well In Northern Amazon
(Energy Analytics Institute, 23.Nov.2020) â Boliviaâs state oil company Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) is turning its attention to the Andean countryâs northern Amazonian region with the drilling of the Gomero X1 IE stratigraphic research well located in the RĂo Beni Area, which includes the departments of Pando, Beni and […]
Petrobras Redeems Five Series Of Notes
(Petrobras, 23.Nov.2020) â Petrobrasâ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) has delivered notices of redemption to the holders of the outstanding 5.375% Global Notes due 2021 (â5.375% Notesâ), 8.375% Global Notes due 2021 (â8.375% Notesâ), 3.750% Global Notes due 2021 (â3.750% Notesâ), 6.125% Global Notes due 2022 (â6.125% Notesâ) […]
SNMPE Warns Of Issues Impacting Hydrocarbon Industry
(Energy Analytics Institute, 23.Nov.2020) â Peruâs hydrocarbon sector is on the verge of collapse due to the fall in the price of oil, the Covid-19 pandemic and persistent conflicts impacting the hydrocarbon sector in the countryâs northern jungle region, warned Pablo de la Flor, executive director of Peruâs National Society […]
Nigeria In Recession, Impacted By COVID-19, Oil
(Reuters, 21.Nov.2020) â Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released on Saturday which showed the impact of the COVID-19 pandemic and low oil prices. Africaâs biggest economy was last in recession in 2016, its first in […]
Bolivia Names Heads To YPFB And ANH
(Energy Analytics Institute, 20.Nov.2020) â Boliviaâs Hydrocarbons and Energy Minister Franklin Molina Ortiz appointed engineer Wilson Zelaya Prudencio as president of state oil and gas company Yacimientos Petrolifos Fiscales Bolivianos (YPFB). GermĂĄn Daniel JimĂ©nez TerĂĄn was also appointed as executive director of the countryâs National Hydrocarbons Agency (ANH), Molina announced […]
Talos Apparent High Bidder On Federal Lease Sale Blocks
(Talos, 20.Nov.2020) â Talos Energy Inc. is the apparent high bidder on two deepwater blocks in the recent Outer Continental Shelf (“OCS”) Federal Lease Sale 256, held on 18 November 2020. Talos placed a sole bid on Viosca Knoll 1000 as well as a joint bid with an affiliate of […]
Seadrill Takes Actions To Address Capital Structure
(Seadrill, 20.Nov.2020) â âSeadrill continues to play its part in establishing a more viable market environment – taking action on scrapping rigs, reducing the cost of operation and support activities, and addressing our capital structure, CEO Stuart Jackson, CEO said. âIn doing so, we remain committed to the delivery of […]
YPFB Names Zelaya As New President
(Energy Analytics Institute, 20.Nov.2020) â Boliviaâs state oil and gas entity Yacimientos Petroliferos Fiscales Bolivianos (YPFB) named engineer Wilson Zelaya Prudencio as the companyâs new executive president. Zelaya was born on 18 December 1965 in Camiri, Santa Cruz. He holds a degree in industrial mechanics engineering obtained in 1990 from […]
YPF Acquires Own Shares
(Energy Analytics Institute, 20.Nov.2020) â Argentinaâs state-controlled oil and gas entity YPF Sociedad AnĂłnima (YPF) acquired its own shares in the market (articles 64 and related articles of the Capital Markets Law N°26.831) for the granting of share compensation plans. Between 13-20 November 2020 the Buenos Aires-based oil giant acquired: […]
Molina Says Bolivia Needs To Lower Liquids Subsidy
(Energy Analytics Institute, 19.Nov.2020) â Boliviaâs Hydrocarbons and Energy Minister Franklin Molina Ortiz said the country needs to lower its liquids subsidy and implement policies, programs and projects that help reduce the pressure of fuel imports. Molina blamed the previous government for fuel supply issues across the Andean country. âThe […]
Venezuelan Union Leader Girot Detained
(Reuters, 19.Nov.2020) â Venezuelan authorities arrested oil workers’ union leader Eudis Girot, other union officials said on Thursday, as the government’s crackdown on dissent at troubled state oil company Petroleos de Venezuela continued. Girot, the executive director of the FUTPV union and an outspoken critic of PDVSA’s management, wrote in […]
ReneSola And Innova Form Solar Projects JV In The UK
(ReneSola, 19.Nov.2020) â ReneSola Ltd, a leading fully integrated solar project developer, and Innova, a company that invests in and operate a diversified portfolio of UK renewable energy assets, with a focus on utility-scale ground mounted and commercial roof top solar installations, located at agricultural, industrial and commercial sites, today […]
Petrobras Starts CarmĂłpolis Cluster Non-binding Phase
(Petrobras, 19.Nov.2020) â Petrobras, following up on the release disclosed on 23 October 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of eleven onshore production field concessions, with integrated facilities, located in the state of Sergipe, jointly called the […]
Work Starts On Vuelta Larga, Tabiazo, Crnel Highways
(Energy Analytics Institute, 19.Nov.2020) â EP PetroEcuador general manager Ricardo Merino and Esmeraldas prefect Roberta Zambrano participated in the start of road rehabilitation work along the Vuelta Larga, Tabiazo and Crnel highways. Work will include maintenance and rehabilitation of 27.5 kilometers of the E15 road and require an investment of […]
Panasonic And Equinor Eye European Battery Business
(Panasonic, 18.Nov.2020) â The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. The companies intend that this initiative is based on Panasonic’s leading technology and targets the European market […]
Chevron Eyes Biden To Preserve Venezuela Foothold
(Bloomberg, 18.Nov.2020) â Chevronâs willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe Biden to sort out. The U.S. Treasury Department extended until June 3 its authorization for Chevron to carry out essential transactions in the country to preserve its assets, […]
Envision Commissions Wind Farm In Argentina
(Envision, 18.Nov.2020) â Envision Energy, a leading green tech company today announced the commissioning of Vientos Del Secano, a 50-megawatt wind farm in the Buenos Aires Province of Argentina. This is Envision’s second wind farm in Argentina, following last year’s successful completion of the 10-megawatt GarcĂa del RĂo wind farm […]
Sempra Declares Common, Preferred Dividends
(Sempra, 18.Nov.2020) â Sempra Energy announced that its board of directors has declared a $1.045 per share quarterly dividend on the company’s common stock, which is payable 15 January 2021, to common stock shareholders of record at the close of business on 18 December 2020. Sempra Energy’s board of directors […]
Petrobras Comments On LiquigĂĄs Divestment
(Petrobras, 18.Nov.2020) â Petrobras, following up on the release disclosed on 19 November 2019, informs the Administrative Council for Economic Defense (CADE), in a Court session held on this date, approved the sale of LiquigĂĄs Distribuidora S.A., a wholly-owned subsidiary of Petrobras, to the acquiring group composed of ItaĂșsa S.A., […]
Exxonâs To Plug Tanager-1 Well Offshore Guyana
(Westmount, 17.Nov.2020) â Westmount Energy Ltd., further to the announcement by Ratio Petroleum Energy Limited Partnership dated today, that the Tanager-1 well, offshore Guyana, has been reported as an oil discovery which is currently considered to be non-commercial as a stand-alone development. The Tanager-1 exploration well is the deepest well […]
Sempra Announces FID Of Costa Azul LNG Project
(Sempra Energy, 17.Nov.2020) â Sempra Energy announced that its subsidiary ECA Liquefaction (ECA LNG), a joint venture between Sempra LNG and Infraestructura EnergĂ©tica Nova, S.A.B. de C.V. (IEnova), has reached a final investment decision (FID) for the development, construction and operation of the ECA LNG Phase 1 natural gas liquefaction-export project […]
Frontera Inks Deal To Resolve Transport Disputes
(Frontera, 17.Nov.2020) â Frontera Energy Corporation, Cenit Transporte y LogĂstica de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced they have reached an agreement for the joint filing of a petition for a binding settlement which, upon completion and approval by the competent Colombian court, will resolve all […]