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Total Joins The “Getting To Zero Coalition”

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(Total, 8.Jun.2020) — Total has joined the Getting to Zero Coalition to support the maritime industry’s decarbonisation by collaborating with companies across the maritime, energy, infrastructure and finance sectors. The Getting to Zero Coalition’s ambition is to help achieve the target set by the International Maritime Organisation to reduce Greenhouse […]

Guyana Election Data Shows Opposition Leader Ali Wins

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(Reuters, 8.Jun.2020) — Preliminary data published by Guyana’s elections commission shows that opposition candidate Irfaan Ali has won a recount of votes in March’s presidential election following accusations the tally was manipulated. President David Granger had claimed victory despite observer groups and diplomats from the United States and the European […]

Guaido Team Promises Fuel Surge In Venezuela

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(Argus, 8.Jun.2020) — Venezuela’s US-backed political opposition is promising to restore stable fuel supply in two weeks if it takes power, kicking off with crude-for-products swaps. In an initial stage, such swaps would be carried out with Citgo, the US refining arm of Venezuela’s US-sanctioned national oil company PdV. Gasoline […]

Petrobras Hits New Fuel Oil Export Record

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(Argus, 8.Jun.2020) — Brazil’s state-controlled Petrobras exported a record 1.11mn t of fuel oil in May, marking a return to the company’s focus on higher-margin fuel exports after the Covid-19 pandemic scuttled the firm’s plans earlier in the year. Volumes exported in May were up 10pc compared with the previous […]

Coalition Says GECOM “Put On Notice”

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(GINA, 7.Jun.2020) — The APNU+AFC Coalition today again expressed concerns over the state of affairs of Guyana Elections Commission (GECOM) and cautioned that the elections body cannot use any “fraudulent” votes to declare “credible” results of the March 2, polls. With the recount process coming to an end moments ago, […]

Petrobras Reports Rise In Fuel Exports

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(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% higher than the volume exported in May last year. It is important to highlight that, on […]

BJ Services’ Milestone With Fracturing Technology

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(BJ Services, 4.Jun.2020) — At the end of April 2020, BJ Services completed a 1,000-hour field trial of its next-generation direct-drive turbine fracturing pump, TITANℱ. This rigorous trial, in actual field conditions, allowed BJ to validate the performance of the TITANℱ pump alongside conventional equipment in one of the most […]

JinkoSolar On Non-Infringement In US

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(JinkoSolar, 4.Jun.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced that the United States International Trade Commission (ITC) issued a favorable final determination concluding JinkoSolar’s products do not infringe a patent asserted by Hanwha Q CELLS. In March […]

Petrobras’ Reveals Details Of Five Generation Companies

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(Petrobras, 4.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), EnergĂ©tica Suape II S.A. (Suape II), TermoelĂ©trica Potiguar S.A. (TEP), Companhia EnergĂ©tica Manauara S.A. (CEM) and Brentech Energia S.A. (Brentech).  The teaser, which contain key […]

After The Crash: Five Key Changes In The US GOM

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(WoodMac, 4.Jun.2020) — The oil price crash has come at a time when the US Gulf of Mexico (GoM) is leaner and nimbler. It is better prepared to weather the storm compared to the last downturn. Mfon Usoro, from Wood Mackenzie’s Gulf of Mexico upstream research team, takes a look […]

CNH Again Extends Timeframe For Oil Permits

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(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect extending a freeze on all deadlines until the government determines it is safe to resume official work. The latest extension due to the coronavirus pandemic […]

Pemex Continues With Tula Refinery Contingency

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(Energy Analytics Institute, 3.Jun.2020) — Pemex’s “Miguel Hidalgo” refinery in Tula carried out preventive measures to mitigate the risks of the Covid-19 pandemic among its work force as well as personnel from contractor companies. Since commencement of contingency efforts, more than 10,000 face masks have been delivered at the entrance […]

Women At The Top Of UK Energy Sector Rises

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(PwC, 3.Jun.2020) — POWERful Women and PwC have today published the latest ‘state of the nation’ on the gender balance at the top of the UK energy industry. The 2020 annual board statistics1 show progress in the number of women occupying board and executive board seats – now 21% and […]

Total Enters Into North Sea Wind Farm Project

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(Total, 3.Jun.2020) — Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70mÂŁ and earn-outs up to 60mÂŁ in aggregate subject to performance conditions. The 1,140 megawatts (MW) project has […]

Total Enters Offshore Wind Project in Scottish North Sea

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(Total, 3.Jun.2020) — Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70mÂŁ and earn-outs up to 60mÂŁ in aggregate subject to performance conditions. The 1,140 megawatts (MW) project has […]

Guyana To Offer Gas-to-power Project

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(Argus, 2.Jun.2020) — Guyana is preparing to launch a tender for a natural gas-to-power project anchored on the ExxonMobil-operated Stabroek block. The project would entail the installation of a 160km subsea gas pipeline from the deepwater block to onshore power generation units and other facilities. Around 30mn-50mn cf/d would be […]

Global LNG Demand Faces Seasonal Contraction

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(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% or 3 million tonnes (Mt) year-on-year, says Wood Mackenzie. Lockdown measures and negative economic outlook stemming from the coronavirus pandemic […]

Mexico Probes Libre Abordo Pact With Venezuela

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(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under an oil-for-food pact, in a probe coordinated with U.S. agencies, the department’s chief, Santiago Nieto, told Reuters. The Mexican Financial Intelligence Unit is also separately […]

Greenbrier Marine Announces Vessel Delivery

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(Greenbrier, 2.Jun.2020) — Greenbrier Marine, a division of The Greenbrier Companies, Inc., announced it has delivered the OSG 204, a 204,000 barrel capacity oil and chemical tank barge for dual-mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The barge has been built in compliance with MARPOL […]

Cargill’s Progress Against Critical Sustainability Goals

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(Cargill, 2.Jun.2020) — At Cargill, sustainability is written into the company’s purpose—and woven into core operations including investment priorities, organizational structure and resource allocation. The company recently outlined progress against sustainability goals in critical supply chains including aqua nutrition, cocoa and chocolate, palm, soy, ocean transportation and beef. With a […]

Petrobras Starts Camamu Basin Non-binding Phase

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(Petrobras, 1.Jun.2020) — Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a shallow water maritime production concession located in the Camamu Basin, in the State of Bahia. Potential buyers qualified for […]

Venezuela Rolls Out Two-tiered Fuel Pricing

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(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge international prices for imports. The new fuel rationing and pricing policy was unveiled over the weekend in separate addresses by President Nicolas Maduro and acting […]

Bristow Group Announces Stock Repurchases

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(Bristow Group, 1.Jun.2020) — Bristow Group Inc. entered into privately negotiated stock repurchase agreements to repurchase 142,721 shares of its common stock and 98,784 shares of its preferred stock at an aggregate purchase price of approximately $4.8 million (collectively, the “Repurchases”). The closing of the Repurchases is subject to a […]

Bristow Group Announces Stock Repurchases

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(Bristow, 1.Jun.2020) — Bristow Group Inc. announced entry into privately negotiated stock repurchase agreements to repurchase 142,721 shares of its common stock and 98,784 shares of its preferred stock at an aggregate purchase price of approximately $4.8 million (collectively, the “Repurchases”). The closing of the Repurchases is subject to a […]

Pioneer Energy Services Emerges from Chapter 11

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(Pioneer, 1.Jun.2020) — Pioneer Energy Services Corp. has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on May 11, 2020. In connection with the debt restructuring, Pioneer […]

CENIT’s Transport Tariffs Neutral For Ocensa

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(Fitch Ratings, 1.Jun.2020) — Fitch Ratings views the agreement reached between crude oil transportation companies and producers in Colombia as credit neutral for Oleoducto Central S.A (Ocensa) (BBB-/Negative) and A.I. Candelaria (Spain), S.L.’s ratings (BB+/Negative), as Fitch does not anticipate a material change in their capital structures. The agreement announced […]

Libre Abordo Announces Bankruptcy

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(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that had allowed the firm to supply water trucks in exchange for millions of barrels of Venezuelan crude. Libre Abordo and its related firm Schlager Business […]

PetroEcuador Monitoring Emissions At Esmeraldas

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(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide (SOx) even though preliminary reports show emissions from the refining center have yet to exceed parameters allowed by environmental regulations. Notwithstanding, EP PetroEcuador has carried […]

Gastech To Host Virtual Conference In 2020

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(Energy Analytics Institute, Jared Yamin, 30.May.2020) — Gastech 2020 will now take place virtually, from 7-11 September 2020, with strategic and technical conference content streamed online, enabling the natural gas, LNG and energy industries opportunity to engage with a series of interactive conference sessions, as it adapts and responds to […]

US Senators Expected To Sanction Nord Stream 2

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(Reuters, 29.May.2020) — Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying to finish, but which Washington has opposed since the Obama era, a source familiar with the matter said on Friday. The sanctions, which would have […]

Tanker Petunia Accompanied By Air Force

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(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced Venezuelan official Vladimir Padrino L. in a post on Twitter. RELATED STORY: Iranina Tanker Faxon Docks At Guaraguao Refining Complex © Energy Analytics Institute (EAI). […]