(Trinidad & Tobago News, 25.Feb.2020) â In a Statement delivered at the Opening of the Energy Conference recently Prime Minister Dr Keith Rowley dishonestly sought to create false and misleading expectations in an election year namely that: — T&T can gain continental shelf-access to and cash in on the huge […]
LONGi Inaugurates 191MW Pachamama PV Power Plant
(LONGi Solar, 25.Feb.2020) â Invested by French solar energy firm Neoen, the Pachamama photovoltaic power plant, located in the state of Aguascalientes in central Mexico, has a total installed capacity of 375MW, of which 191MW is deployed by LONGi. The plant was completed and handed over to Neoen in January 2020. […]
Ecopetrol Presents 4Q:19 And YE:19 Operations Results
(Ecopetrol, 25.Feb.2020) â Ecopetrol S.A. announced the Business Group’s 2019 fourth quarter and full-year financial results, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. he figures included in this report were extracted from the audited financial statements. The financial information is expressed in billions of Colombian […]
Venture Global And EDF Ink LNG PSA For 1 MTPA
(Venture Global, 25.Feb.2020)â Venture Global LNG, Inc. announces that Venture Global Plaquemines LNG, LLC and ĂlectricitĂ© de France, S.A. (EDF) have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum (MTPA) from the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. […]
Braskem First To Use RESIN8âą Materials
(Braskem, 24.Feb.2020) â Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces the use of construction blocks containing the Center for Regenerative Design & Collaboration’s (CRDC) RESIN8âą post-consumer plastic waste technology in the expansion of Braskem’s world-class Innovation and Technology (I&T) Center […]
Trina’s Module Global Shipments Exceed 10 GW
(Trina Solar, 24.Feb.2020) â Trina Solar Co., Ltd.’s global PV module shipments passed a new milestone in 2019, topping 10 GW for the year. According to the 2019 module shipment ranking released by PV InfoLink, Trina Solar ranked among the top three and maintained its global leadership in the category. […]
Talos To Host 4Q:19 And YE:19 Earnings Call
(Talos 23.Feb.2020) â Talos Energy Inc. will release fourth quarter and full-year 2019 results for the period ended December 31, 2019 on Wednesday, March 11, 2020 after the U.S. financial market closes. The Company will host an earnings conference call, which will be broadcast live over the internet, on Thursday, […]
Venezuela Committee Asks VPs To Offer Resignations
(Reuters, 22.Feb.2020) â Members of a committee tasked with overhauling Venezuelan state oil firm PetrĂłleos de Venezuela, S.A., or PDVSA, asked the company’s vice presidents on Friday to offer their resignations, three sources said. The committee could accept the resignations or maintain those officials in their posts, according to one […]
BoquerĂłn JV Advances With Gas Lift Pilot
(Energy Analytics Institute, Piero Stewart, 22.Feb.2020) â The BoquerĂłn joint venture, comprised of state oil company PetrĂłleos de Venezuela, SA (PDVSA) and Russian oil company Rosneft, is incorporating artificial gas lift technological with aim at increasing its production of light crude oil which is currently produced by natural flow. Use […]
Trump Wants Pressure Raised On Maduro
(Bloomberg, 21.Feb.2020) â President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options in the country, including a naval blockade, a senior administration official said. The U.S. has put several companies that continue to do business in Venezuela […]
Colombia’s Ecopetrol To Build 50-MWp Solar Farm
(Renewables Now, 20.Feb.2020) â Colombian oil company Ecopetrol SA will develop a 50-MWp solar photovoltaic (PV) park in the department of Meta. Located on a 46-hectare (113.6 acres) area in the municipality of Castilla La Nueva, the PV park will be owned by Ecopetrol’s hydrocarbon transport subsidiary Cenit, the latter announced […]
Touchstone Closes $11.6 Million Private Placement
(Touchstone, 20.Feb.2020) â Touchstone Exploration Inc. announces that further to the company’s announcement on February 19, 2020 regarding the proposed placing (the “Placing”), the company has placed 22,500,000 new common shares of no par value (the “Placing Shares”) with institutional investors in the United Kingdom at a price of 40 […]
Ecopetrol Closes 2019 With Proven Reserves 10% Higher
(Reuters, 20.Feb.2020) â Colombia’s state-owned oil company Ecopetrol said an independent assessment found its proven reserves of oil and gas had increased 9.6% at the end of last year, equivalent to 7.8 years of production. Ecopetrol closed 2019 with 1.89 billion barrels of oil equivalent in proven reserves, also known […]
PetroMonagas Incorporates Turbo Generator
(Energy Analytics Institute, Piero Stewart, 20.Feb.2020) â In order to generate its own electricity, the PetroMonagas joint venture incorporated use of an electric turbo generator (TG2) at its upgrader at the JosĂ© Antonio AnzoĂĄtegui Industrial Complex located in the northern part of AnzoĂĄtegui state. With incorporation of the generator, the […]
Venezuela Promises Another Oil Revival
(Argus, 20.Feb.2020) â Venezuela’s embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company that channels most Venezuelan crude to market. In his latest national address late yesterday, Venezuelan president Nicolas Maduro issued an energy emergency decree and created […]
Pena Nieto Investigated In Corruption Probe
(Reuters, 19.Feb.2020) â Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena Nieto has become embroiled in the investigation of Emilio Lozoya, the former chief executive of Mexico’s state oil firm PetrĂłleos […]
Maduro Taps VP To ‘Restructure’ Oil Sector
(Reuters, 19.Feb.2020) â Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country’s beleaguered oil industry, which will be led by Vice President for the Economy Tareck El Aissami. The announcement came a day after the United States sanctioned Rosneft Trading, a unit […]
EP PetroEcuador Awards First Spot Sale Of 2020
(Energy Analytics Institute, Piero Stewart, 19.Feb.2020) â Ecuadorâs state oil entity EP Petroecuador awarded its first spot market sale of 2020 to refining company Phillips 66 Company. The deal is for approximately 1,080,000 barrels of 24-degree API crude oil, EP PetroEcuador announced 19 February 2020 in an official statement. EP […]
Maduro Shakes Up PDVSA Amid Oil Sector Emergency
(Bloomberg, 19.Feb.2020) â Venezuelaâs President Nicolas Maduro declared an âenergy emergencyâ as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nationâs crumbling oil industry. Economy Vice President Tareck El Aissami will lead the commission, which will focus on boosting […]
Rosneft Sanctions Raise Threats For Cos In Venezuela
(Reuters, 19.Feb.2020) â Washingtonâs move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuelaâs state-run PDVSA escalated threats facing non-U.S. firms and will likely spur âovercomplianceâ by companies, analysts and industry sources said. The U.S. government on Tuesday blacklisted Rosneft Trading, SA, […]
IMF Staff Statement On Argentina
(IMF, 19.Feb.2020) â An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires [1] from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authoritiesâ economic plans and […]
Noble Reports Quarterly And Full Year 2019 Results
(Noble, 19.Feb.2020) â Noble Corporation plc reported a net loss attributable to the Company for the three months ended December 31, 2019 (fourth quarter) of $33 million, or $0.13 per diluted share, on total revenues of $454 million. Results for the fourth quarter included net favorable items totaling $50 million, […]
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) â Washingtonâs move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuelaâs state-run PDVSA escalated threats facing non-U.S. firms and will likely spur âovercomplianceâ by companies, analysts and industry sources said. The U.S. government on Tuesday blacklisted Rosneft Trading, SA, […]
Maduro’s PDVSA Shake Up Amid Oil Emergency
(Bloomberg, 19.Feb.2020) â Venezuelaâs President Nicolas Maduro declared an âenergy emergencyâ as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nationâs crumbling oil industry. Economy Vice President Tareck El Aissami will lead the commission, which will focus on boosting […]
Maduro Accused Of “Disappearing” US Oilmen
(AP, 19.Feb.2020) â Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduroâs government of âforced disappearanceâ after the men were inexplicably missing for the scheduled start of their trial on Wednesday. Veronica Vadell said that lawyers for her father, Tomeu Vadell, and the five other […]
Could Rosneft Sanctions Signal End To Chevron’s Venezuela Waiver?
(S&P Global Platts, 18.Feb.2020) â The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to continue its work in Venezuela may soon expire, analysts said. The Rosneft sanctions may also bolster the case for the Chevron waiver to be extended […]
Argentina To Ease NatGas, Power Price Controls In June
(S&P Global Platts, 18.Feb.2020) â Argentina plans to lift controls on power and natural gas tariffs as soon as June, a senior government official said, in a move seen as key for reviving investment in gas production. “It is not a permanent freeze,” Production Minister MatĂas Kulfas, who oversees energy […]
US Blacklists Rosneft Unit
(Reuters, 18.Feb.2020) â The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump’s administration has said provides a lifeline to President Nicolas Maduro’s government. The sanctions announced by the U.S. Treasury Department increase the pressure on Russia, […]
Rosneft Says US Sanctions On RTSA Illegal
(Rosneft, 18.Feb.2020) â The sanctions announced by the U.S. Treasury Department against Rosneftâs subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse. Rosneft has been implementing its projects in Venezuela in strict compliance with rules of international and national laws. In the course of the […]
Ending Putinâs Support Of Venezuela Not Easy For US
(AP, 18.Feb.2020) â In October 2016, the head of Russiaâs largest oil company traveled to the birthplace of Hugo ChĂĄvez, in the empty, sweltering plains of Venezuela, to unveil a giant bronze statue of the late socialist leader that he and his longtime friend, Russian President Vladimir Putin, commissioned from […]
Venezuela, Rosneft and US Sanctions Complications
(S&P Global Platts, 18.Feb.2020) â US efforts to starve Venezuelaâs Maduro regime of oil revenues have substantially increased the role of Russian energy in the US Gulf Coast, an outcome the Trump administration likely never anticipated when it put sanctions in place over a year ago. The situation has created […]
Frontera To Announce 4Q And Full Year 2019 Results
(Frontera, 18.Feb.2020) â Frontera Energy Corporation said Fourth quarter and full year 2019 results are expected to be released after market on Thursday, March 5, 2020 followed by a conference call for investors and analysts on Friday, March 6, 2020 at 8:00 a.m. (MST) and 10:00 a.m. (EST/GMT-5). Participants will […]
Ecopetrol To Reveal 2020-2022 Business Plan
(Ecopetrol, 18.Feb.2020) â Ecopetrol S.A. announces that on February 25, 2020 after market close, it will release its financial and operating results for the fourth quarter and full year 2019, and the 2020-2022 Business Plan. On Wednesday, February 26, Ecopetrol’s senior management will host two conference calls to review the […]
Talos Energy Announces 2020 Operating Guidance
(Talos 18.Feb.2020) â Talos Energy Inc. announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously announced acquisition of affiliates of ILX Holdings, among other entities (the “Acquired Assets”, the “Acquisition”, or the “Transaction”), on February 28, 2020. The Company expects […]
Geronimo And Basin Electric Power Announce Deal
(Geronimo 18.Feb.2020) â Geronimo Energy, a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced execution of a Power Purchase Agreement (PPA) for the Wild Springs Solar Project (Wild Springs). Wild Springs is a 128 megawatt (MW) clean solar energy project located in Pennington County, South Dakota, approximately […]
Frontera Reports Growth In Value Of Reserves
(Frontera, 18.Feb.2020) â Frontera Energy Corporation announced the results of its annual independent reserves assessment and provided notice of fourth quarter and full year 2019 financial results and conference call. All dollar amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted. […]
FPSO Brasil Congress Returns To Rio De Janeiro
(FPSO Network, 18.Feb.2020) â Following 2 successful events since 2018, the FPSO Brasil Congress, taking place on 25 â 27 May 2020 is returning to Rio de Janerio. It will continue to be the largest FPSO-dedicated platform for the robust Brazilian market. Organized by the FPSO Network, the Congress will […]
Trinidad And Barbados Sign Unitization Agreement
(Office of the PM of Trinidad and Tobago, 17.Feb.2020) â Prime Minister of the Republic of Trinidad and Tobago, Dr the Hon. Keith Rowley and Prime Minister of Barbados, the Hon. Mia Mottley signed a unitization agreement today (Monday 17 February, 2020) in Bridgetown, Barbados. The agreement will allow for […]
Eni Announces New Oil Find Offshore Mexico
(Eni, 17.Feb.2020) â Eni announces a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, Offshore Mexico. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in […]
PDVSA Seeks Buyers For 677 Mb/d Of February Crude
(S&P Global Platts, 14.Feb.2020) â Venezuela’s state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. “The climbing of US sanctions against the Nicolas Maduro government alienated the few clients that were still daring to […]
PDVSA Steps Up Shipments To Cuba
(Reuters, 14.Feb.2020) â Venezuelaâs state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters. Six vessels, most of them owned by PDVSAâs maritime […]
Chavezâs Legacy Oil Hasn’t Been Broken?
(The Globe and Mail, 13.Feb.2020) â In terms of its trademark nationalist approach to its economy â the crown jewel of which has long been the countryâs oil industry â Venezuela doesnât seem like what it used to be. First, in 2019, Venezuelan President Nicolas Maduro â who succeeded Hugo […]
Petrobras Request Withdraw Of Governance Program
(Petrobras, 13.Feb.2020) â Petrobras, following up on the release dated 29 January 2020, reports that its request to withdraw from the Corporate Governance Program for State-Owned Companies (Program) was answered by B3 and the company will be withdrawn from the Program as of today, according to the attached document. ***
Looney’s New Course For BP With Climate Targets
(WoodMac, 12.Feb.2020) â Speaking after BPâs new chief executive Bernard Looney unveiled the majorâs ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: âBP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. âThis marks a major turnaround in BPâs […]
Guyana To Export First Share Of Oil-Official
(Reuters, 12.Feb.2020) â Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led by energy giant ExxonMobil, the head of the country’s Energy Department said on Wednesday. The tanker Cap […]
Ask No Questions, Tell No Lies
(Argus, 11.Feb.2020) â Juan Guaido is finally returning to Caracas today, with a vow to dislodge the âusurperâ so he and his team of exiles can Make Venezuela Great Again. âWhereâs Guaido?â is a question that often echoes among Venezuelan opponents of President Nicolas Maduro. Young opposition leader Juan Guaido […]
Petrobras On Arbitration Involving Sete Brasil
(Petrobras, 11.Feb.2020) â Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil ParticipaçÔes S.A. (in reorganization), in arbitration proceedings seeking compensation from Petrobras for alleged damages related to their investment in the Sondas Project. Due to the favorable […]
Noble Announces Deal With ExxonMobil
(Noble, 11.Feb.2020) â Noble Corporation plc and ExxonMobil today announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble […]
Citgo Names Jack Lynch As Chief Compliance Officer
(Citgo, 11.Feb.2020) â Citgo Petroleum Corporation announced the appointment of Jack Lynch as the companyâs new Chief Compliance & Ethics Officer. Lynch will continue to serve as the Vice President of Legal & Government Affairs, a role he has held since October 2019. As Citgoâs new Chief Compliance & Ethics […]
Petrobras Hits New Production Record
(Reuters, 10.Feb.2020) â Brazilâs Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said. In a securities filing, Petroleo Brasileiro SA, as […]