(Energy Analytics Institute, 17.Nov.2020) â Opec producer Venezuela continues to support a three month extension of production levels of 7.7 million barrels per day. âVenezuela ratifies its commitment to continue adopting the necessary decisions to guarantee the stability of the energy market,â Venezuelaâs state owned Petroleos de Venezuela (PDVSA) announced […]
AES And AIMCo To Form US Renewables Platform
(AES, 17.Nov.2020) â The AES Corporation announced an agreement with Alberta Investment Management Corporation (AIMCo) to merge the sPower development platform, a leading independent solar developer in the US, with AESâ US-based clean energy development business to accelerate the safe, reliable transition to cleaner energy solutions in the country. AESâ […]
BP Energy Acquires Encino Environmental Services, LLC
(BP, 17.Nov.2020) â BP Energy Partners, LLC (BPEP) announced acquisition of Encino Environmental Services, LLC, an environmental consulting and services business that enables compliance with government regulations along with providing carbon emissions benchmarking and mitigation strategies to achieve Environmental, Social and Governance (ESG) goals. Encino specializes in emissions performance testing, […]
Petrobras Starts Non-binding Phase For Albacora
(Petrobras, 17.Nov.2020) â Petrobras, following up on the release disclosed on 25 September 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste concessions, located predominantly in deep waters in the Campos Basin. Potential buyers qualified for this […]
Petrobras Starts Teaser For Campos Basin Assets
(Petrobras, 16.Nov.2020) â Petrobras started the opportunity disclosure stage (teaser), referring to the sale of 50% of its stakes in the concessions of Marlim, Voador, Marlim Leste and Marlim Sul, together called the Marlim Cluster, located in deep waters in the Campos Basin. Petrobras will remain the operator of the […]
Peruâs Interim President Merino Resigns
(Energy Analytics Institute, 15.Nov.2020) â Congressional President Manuel Merino De Lama resigned as Peruâs interim presidency within less than a week of assuming the power void created by the impeachment of President MartĂn Vizcarra Cornejo. RELATED STORY: Peru looks to 2021 elections amid political uncertainties __________ By Piero Stewart. © […]
Mexico to Give Sempra LNG Export Permit
(Reuters, 13.Nov.2020) â Mexico will give the local unit of U.S.-based Sempra Energy an export permit for a liquefied natural gas (LNG) facility in northwest Mexico, as long as the company helps offset an oversupply of gas in the area, the president said on Friday. San Diego-based Sempra has previously […]
Ecuador Inaugurates $34.3mn La Concordia Line
(Energy Analytics Institute, 13.Nov.2020) â The new $34.3mn La Concordia-Pedernales transmission line in Ecuador will enhance productive, tourist and residential development in the ManabĂ province. Of the amount, the Inter-American Development Bank contributed $28.2mn, Ecuadorâs Ministry of Energy and Non-Renewable Natural Resources (MERNNR) announced 13 November 2020 in an official […]
Nucor Inks Virtual Power Purchase Deal In Texas
(Nucor, 13.Nov.2020) â Nucor Corporation signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts (MWac) of new solar energy in Texas. The agreement, which will enable EDFR to add more clean energy to the regionâs power grid, is Nucorâs first VPPA and […]
Citgo Reports Third Quarter 2020 Results
(Citgo, 13.Nov.2020) â Citgo Petroleum Corporationâs third quarter results were driven by the economic effects of the Covid-19 pandemic, which affected the refining industry as a whole, and were further affected by an eight-week shutdown at the Lake Charles, La. refinery due to Hurricanes Laura and Delta. As a result […]
Total And ADNOC Ink CO2 Emissions Framework Deal
(Total, 12.Nov.2020) â Total signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS). The agreement brings together the best-in-class in low carbon technologies […]
Brazil’s ANP To Hold 2nd Permanent Bid Round
(Energy Analytics Institute, 12.Nov.2020) â Brazilâs National Petroleum, Natural Gas and Biofuels Agency (ANP by its Portuguese acronym) will hold its second permanent bid round where it will offer 14 sectors from exploratory blocks in nine basins (Santos, EspĂrito Santo, Campos, ParanĂĄ, Amazonas, RecĂŽncavo, Sergipe-Alagoas, Potiguar and Tucano) as well […]
Houston American Energy Reports Executive Changes
(Houston American Energy, 12.Nov.2020) â Houston American Energy Corp. announced certain management changes. James Schoonover, the company’s President and Chief Executive Officer, has advised the company that he would be stepping down from those positions, effective 1 December 2020. Mr. Schoonover joined the company’s board in April 2018 and assumed […]
EP PetroEcuador Awards $54.8mn Insurance Policy
(Energy Analytics Institute, 12.Nov.2020) â Ecuadorâs state oil and gas company EP PetroEcuador awarded an $54.8mn insurance to Hispana de Seguros to cover all oil risks as well as maritime civil and non-maritime civil liabilities. The decision âcomplies with all public procurement regulations,â online media El Comercio reported on 12 […]
PetroAmazonas EP Producing 408,163 B/D
(Energy Analytics Institute, 12.Nov.2020) â Production from Ecuadorâs state entity in charge of oil and gas exploration and exploitation, PetroAmazonas EP, reached 408,163 barrels per day (b/d) on 12 November 2020. Private companies in Ecuador contributed another 103,424 b/d, PetroAmazonas announced in an official statement. As a result, Ecuadorâs total […]
Petrobras Board Approves Deadline For Sete Brasil Deal
(Petrobras, 12.Nov.2020) â Petrobras, following up on the release disclosed on 28 September 2020, announced its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brazil to be implemented. The effectiveness of the agreement and of the other related […]
Colombia Bid Round To Investigate Fracking Projects
(Reuters, 11.Nov.2020) â Colombia will hold a second bidding round to potentially grant contracts to companies interested in exploring non-conventional oil and gas deposits, using techniques like fracking, the National Hydrocarbons Agency (ANH) said. Majority state-owned oil company Ecopetrol, Exxonmobil, and Drummond already have contracts for investigative projects and may […]
Court Annuls Petros Sentence Arbitration
(Petrobras, 11.Nov.2020) â Petrobras, following up on the releases disclosed on 21 and 29 July, 26 August and 9 October 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and […]
Pampa EnergĂa Announces Quarterly Results
(Pampa EnergĂa, 11.Nov.2020) â Pampa EnergĂa S.A., the largest independent energy integrated company in Argentina, with active participation in the country’s electricity and gas value chain, announces the results for the nine-month period and quarter ended on 30 September 2020. As from January 1, 2019, the company adopted US$ as […]
Peru LNG Continues Ops Amid Political Turmoil
(Energy Analytics Institute, 11.Nov.2020) â Operations at Peru LNG, the company that runs South Americaâs first gas liquefaction plant located in Pampa Melchorita, have yet to be affected by the recent impeachment of Peruâs President MartĂn Vizcarra. Peru LNG is comprised of a 408-kilometer gas pipeline, a liquefied natural gas […]
YPF Reports $482mn Net Loss In 3Q:20
(Energy Analytics Institute, 11.Nov.2020) â Argentinaâs state-controlled YPF announced operating and financial results for the third quarter of 2020. What follows is a summary of key data. MAIN HIGHLIGHTS OF 3Q:20 — Revenues rose 19.5% sequentially on the back of a significant recovery in fuelsÂŽ sales and stabilization in oil […]
Slew Of Tankers Head Toward Venezuela
(Reuters, 11.Nov.2020) â At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation’s crude exports may rebound this month. Venezuela’s oil exports fell to their […]
YPF Faces Mountain Of Debt Payments
(Energy Analytics Institute, 11.Nov.2020) â Argentinaâs state owned oil and gas entity YPF will face around $8.05bn in debt payments between the fourth quarter of 2020 and 2026 and beyond. Despite the taunting payment schedule, YPF has made some strides, company executives said 11 November 2020 during the companyâs presentation […]
Exxon Guyana Conducts Maintenance Operations
(Energy Analytics Institute, 11.Nov.2020) â ExxonMobil Guyana recently conducted maintenance on some oil spill response equipment located offshore the small South America country. âThis maintenance and training activity involved deploying some offshore boom that would be used in the event of a spill,â Exxon said 11 November 2020 in a […]
Argentina And Chile Briefs: IMF Debt, Pension Reform
(Energy Analytics Institute, 11.Nov.2020) â Briefs on Argentina and Chile related to IMF officials in Argentina to renegotiate around $44bn in debt and tensions rise in Chile over pension reform. IMF In Argentina To Renegotiate $44bn In Debt (Energy Analytics Institute, 11.Nov.2020) â Officials with the International Monetary Fund (IMF) […]
Venezuela Oil Exports Between 1999-2019
(Energy Analytics Institute, 10.Nov.2020) â Venezuela, home to the largest crude oil reserves and sizeable natural gas reserves, reported total oil exports of $984.9bn between 1999 and the first quarter of 2019, according to data from Venezuelan lawmaker Elias Matta. Table: Venezuela’s Oil Exports Year $bn 1999 $16.7 2000 $27.9 […]
Tullow Finalizes $575mn Sale Of Uganda Assets To Total
(Tullow, 10.Nov.2020) â Tullow Oil plc announce the sale of its assets in Uganda to Total has completed with $500mn consideration received earlier today. Tullow is also due to receive a further $75mn when a Final Investment Decision is taken on the development project plus contingent payments linked to the […]
Goliathberg Voltzberg North To Spud Offshore Suriname
(Energy Analytics Institute, 10.Nov.2020) â Ratio Suriname, an affiliate of Tel Aviv-based Ratio Petroleum announced the decision to drill the Goliathberg Voltzberg North (GVN) prospect in Surinameâs Block 47 during the first quarter of 2021. What follows is an update from Ratio related to its activities on Block 47 offshore […]
Braskem On Carbon Neutrality By 2050
(Braskem, 10.Nov.2020) â Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces its latest sustainability ambitions to significantly expand its efforts to eliminate plastic waste in the environment by 2030 and to achieve carbon neutrality by 2050. In 2009, Braskem launched the […]
ANH Readies For Second Pilot Project Round
(Energy Analytics Institute, 10.Nov.2020) â Colombiaâs National Hydrocarbons Agency will conduct a second round for the award of Special Research Project Contracts (CEPI by its Spanish acronym). âThe purpose of the projects is to be able to acquire sufficient scientific information to make decisions on the technical use of hydraulic […]
Guyana Says Getting Better Oil Deal
(Energy Analytics Institute, 10.Nov.2020) â The government of Guyana, the newest petro-state in the Latin America and Caribbean region, announced it has made strides in extracting better benefits from oil contracts signed with oil and gas companies exploring offshore including Exxon, Hess and CNOOC, and in particular starting with the […]
Equinor Awards Bacalhau Drilling Contracts
(Equinor, 10.Nov.2020) â Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil. The total value of the three contracts is estimated at $455mn. The contracts have a firm period of […]
Ortiz To Head Boliviaâs Hydrocarbons Ministry
(Energy Analytics Institute, 9.Nov.2020) â Boliviaâs President Luis Arce Catacora appointed Franklin Molina Ortiz as the countryâs new Hydrocarbons and Energy Minister. Molina is a native of Santa Cruz and an energy sector consultant. He studied Economics at the Universidad AutĂłnoma Gabriel RenĂ© Moreno (UAGRM) in Santa Cruz and has […]
YPF To Boost Output In The RincĂłn del Mangrullo Block
(Energy Analytics Institute, 9.Nov.2020) â Argentinaâs YPF plans to drill 24 wells in the RincĂłn del Mangrullo Block at two unconventional developments between now and 2021. The developments on the block include tight gas in the Mulichinco formation and shale gas in the Vaca Muerta formation, YPF announced 9 November […]
Peru Looks To 2021 Elections Amid Political Uncertainties
(Energy Analytics Institute, 9.Nov.2020) â Peruâs Congress is eyeing presidential elections in 2021 amid turmoil created by the impeachment of President MartĂn Vizcarra Cornejo owing to corruption allegations. Peruâs Congress approved Vizcarraâs vacancy in a special session on 9 November 2020 in what it deemed in an official statement as […]
Essar, Raizen And Ultra Eye Bid For Petrobras’ Refinery
(Reuters, 9.Nov.2020) â Brazil’s Petroleo Brasileiro SA is set to receive binding offers on Dec. 10 for its Rio Grande do Sul state refinery Refap, with Indian conglomerate Essar Group and local firms Raizen and Ultrapar Participacoes SA among its potential bidders, people familiar with the negotiations said. All three […]
Sempra And Salk Partner In Carbon Capture Deal
(Sempra Energy, 9.Nov.2020) â Sempra Energy and the Salk Institute today announced a new project to advance plant-based carbon capture and sequestration research, education and implementation to help address the climate crisis. Sempra Energy is donating $2mn to the Salk Institute to help fund the five-year project. “There is incredible […]
Peruâs President MartĂn Vizcarra Impeached
(Energy Analytics Institute, 9.Nov.2020) â Peruâs President MartĂn Vizcarra was impeached over the weekend after a vote over corruption allegations. Manuel Merino, the head of Peruâs Congress, will assume the presidency until July 2021, the period in which Vizcarraâs presidential term was set to expire, according to local reports in […]
60 Vehicles Dispatched To Paraguana Refining Complex
(Energy Analytics Institute, 9.Nov.2020) â Venezuelaâs state oil company PetrĂłleos de Venezuela (PDVSA) dispatched 60 vehicles to the ParaguanĂĄ Refining Center (CRP by its Spanish acronym), located in the state of FalcĂłn. The fleet is intended to strengthen CRPâs operations at both the 645,000 barrel per day capacity Amuay and […]
Petroamazonas EP Gets New Manager Franklin Paredes
(Energy Analytics Institute, 8.Nov.2020) â The Board of Directors of PetroAmazonas EP, led by the Ecuador’s Minister of Energy and Non-Renewable Natural Resources RenĂ© Ortiz and the Chairman of the Board of the Public Companies Coordinating Company (EMCO EP) JosĂ© AndrĂ©s LĂłpez, appointed Franklin Paredes Galeas as deputy general manager […]
AES Attains Second Investment Grade Rating
(AES, 6.Nov.2020) â The AES Corporation reported financial results for the quarter ended 30 September 2020. “I am pleased to announce that we have already achieved two of our top three priorities for 2020 by attaining a second investment grade rating and reducing our coal generation to 29%. With our […]
Argentina’s Gas Output At 125.5 MMcm/d Thru August
(Energy Analytics Institute, 6.Nov.2020) â Argentinaâs production of natural gas averaged 125.5 million cubic meters per day (MMcm/d) or 4.43 billion cubic feet per day (Bcf/d) in the eight months between January and August of 2020, according to data from the countryâs Energy Secretariat. Argentinaâs two biggest producers were YPF […]
Petrobras Finalizes BaĂșna Field Divestment
(Petrobras, 6.Nov.2020) â Petrobras, following up on the releases disclosed on 24 and 28 July 2020, concluded the sale of its entire stake in the BaĂșna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon PetrĂłleo & GĂĄs Ltda (Karoon), a subsidiary of Karoon Energy […]
Bolivia Briefs: Diesel Subsidy Funding; Añez On Economy
(Energy Analytics Institute, 6.Nov.2020) â Energy and economic briefs from land-locked Bolivia regarding issues related to funding for the countryâs diesel subsidy and interim president Jeanine Añez saying the economy is rising. Bolivia Faces Diesel Subsidy Funding Issues (Energy Analytics Institute, 6.Nov.2020) â Bolivia could be in a position in […]
Argentina’s Oil Output At 483,453 B/D Thru August
(Energy Analytics Institute, 6.Nov.2020) â Argentinaâs production of crude oil averaged 483,453 barrels per day in the eight months between January and August of 2020, according to data from the countryâs Energy Secretariat. Argentinaâs two biggest producers were YPF and Pan America Energy, which produced 46.4% and 21.7% respectively of […]
BP Eyes First Matapal Gas Production In 2022
(Energy Analytics Institute, 6.Nov.2020) â BP Trinidad and Tobago (bpTT) commenced drilling the first well of a three well Matapal development. Once finalized, these wells will be tied into the nearby Juniper platform with first natural gas flows slated for 2022. Drilling of the first well is slated to be […]
Apacheâs CEO Highlights Suriname On 3Q:20 Call
(Seeking Alpha, 5.Nov.2020) â Apache Corporation CEO John Christmann led the companyâs third quarter of 2020 conference call to discuss results with analysts. What follows is the complete transcript of the call. Company Participants Gary Clark – Vice President of Investor Relations John Christmann – Chief Executive Officer & President […]
Sempra Energy Excited About US Position
(Sempra, 5.Nov.2020) â Sempra Energy reported third-quarter 2020 earnings of $351mn, or $1.21 per diluted share, compared to third-quarter 2019 earnings of $813mn, or $2.84 per diluted share. On an adjusted basis, the company’s third-quarter 2020 earnings were $380mn, or $1.31 per diluted share, compared to $425 million, or $1.50 […]
McDermott On 2nd Shipment Of MODEC FPSO Modules
(McDermott, 5.Nov.2020) â McDermott International, Ltd announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. (MODEC). It comes just weeks after the first shipment of modules sailed away from McDermott’s Altamira fabrication facility located in Mexico. The FPSO will be […]
Frontera Announces 3Q:20 Results
(Frontera, 4.Nov.2020) â Frontera Energy Corporation reported financial and operational results for the third quarter ended 30 September 2020. All financial amounts in this news release are in United States dollars, unless otherwise stated. During the third quarter, the company acquired control of Infrastructure Ventures Inc. (“IVI“), the parent company […]