(Petrobras, 22.Apr.2022) — Petrobras, following up on the communication from 20 Mar. 2024 and 3 Apr. 2024, informs that it has received correspondence from a minority shareholder holding preferred shares requesting their nomination (main) and an alternate name for the positions of Fiscal Council, as detailed below: a) Nominations for […]
G Mining Ventures and Reunion Gold Announce Combination
(G Mining, 22.Apr.2024) — G Mining Ventures Corp. (GMIN) (TSX: GMIN) (OTCQX: GMINF) and Reunion Gold Corporation (RGD) (TSXV: RGD) (OTCQX: RGDFF) entered into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “Transaction“). All amounts are in CAD unless stated otherwise Sets the […]
Port of Corpus Christi Announces 1Q:24 Volumes
(Port of Corpus Christi, 19.Apr.2024) — The Port of Corpus Christi and its customers moved 48.9 million tons through the Corpus Christi Ship Channel in the first quarter of 2024, a slight decrease from the first quarter of 2023 of just over one percent. The Port’s customers saw a slight […]
Deals Show Enduring Appeal of US Gas
(Rystad Energy, 19.Apr.2024) — European companies have been cautiously adding to their upstream positions. More deals could follow. Ed Crooks examines the forces shaping the energy industry globally The great investor Warren Buffett says one of his rules is “never bet against America”. There are many who share that view, […]
JinkoSolar Repurchased 3,246,425 ADSs under Its Share Repurchase Program
(JinkoSolar, 18.Apr.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that as of the date of this press release, the company has repurchased a total of 3,246,425 ADSs in an aggregate amount of approximately US$82.5mn in the open market under its share repurchase program announced in July 2022 and the […]
Petrobras Inks MOU with Chinese Company CNCEC
(Energy Analytics Institute, 18.Apr.2024) — Petrobras inked a memorandum of understanding with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition. The partnership also provides for the evaluation of potential commercial agreements in the areas of oil exploration; fertilizer production from natural gas […]
Petrobras Updates about Intermediaries of its Share Buyback Program
(Petrobras, 18.Apr.2022) — Petrobras, following up on the Material Fact disclosed on 4 Aug. 2023, informs, for the purposes of item 11 of Annex G of CVM Resolution 80/22, that it has updated the list of institutions that may act as intermediaries in the company’s Buyback Program, as indicated below: […]
Santos Reports 1Q:24 Results
(Santos, 18.Apr.2024) — Santos reported strong first quarter free cash flow generation and major project delivery. Focus on operational excellence generates strong free cash flow Strong free cash flow from operations of US$692mn. Sales revenue of US$1.4bn. Production of 21.8 mmboe despite severe weather events and planned maintenance activities. Bayu-Undan […]
US Reimposes Venezuela Oil Sanctions
(Argus, 17.Apr.2024) — The US administration today reimposed sanctions targeting Venezuela’s oil exports and energy sector investments and set a deadline of 31 May for most foreign companies to wind down business with state-owned PdV. The US decision rescinds a sanctions waiver issued last October, which allowed Venezuela to sell […]
MEEI Says OFAC GL44A Doesn’t Impact Trinidad’s Amended License
(Trinidad and Tobago Ministry of Energy and Energy Industries, 17.Apr.2024) — The Office of Foreign Assets Control (OFAC), Department of Treasury of the United States Government today issued General Licence 44A which governs sanctions related to the Bolivarian Republic of Venezuela and deals with Authorizing the Wind Down of Transactions Related […]
Expiration of US Oil License to Venezuela to Impose a Ceiling on Output Growth
(Reuters, 17.Apr.2024) — The expiration of the widest U.S. license so far granted to Venezuela’s oil and gas industry will put a ceiling on the South American country’s slow crude production growth unless Washington grants enough individual authorizations to compensate, according to analysts and experts. Washington officials said on Wednesday the license […]
June Deadline set for Citgo Auction Bids
(Argus, 17.Apr.2024) — Bidders for Citgo‘s US refining assets have until 11 June to submit offers for the company’s 805,000 b/d of refining capacity and associated assets, with a tentative sale hearing set for 15 July. Documents filed Tuesday in the US District Court for the District of Delaware set […]
Petrobras’ Executive Board Approves Sale of Stake in Cherne and Barre Fields
(Petrobras, 17.Apr.2024) — Petrobras said its Executive Board approved the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás do Brasil Ltda. Production from the two fields was interrupted in March 2020 and the respective […]
OFAC Issues GL44A to Replace GL44 in Venezuela
(Energy Analytics Institute, 17.Apr.2024) — The U.S. Office of Foreign Assets Control (OFAC) issued General License 44A, which supersedes and replaces General License 44, and authorizes the wind down of transactions related to oil or gas sector operations in Venezuela. ____________________ By Piero Stewart. © Energy Analytics Institute (EAI). All […]
Negotiations Fail to Renew Venezuela Sanctions Relief License
(S&P Global, 17.Apr.2024) — A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the United States continue to negotiate without success its renewal under the requirement of holding competitive presidential elections on July 28, Venezuelan officials said. “Today at […]
Infinium and Kinetik Reach Innovative CO2 Utilization Deal
(Infinium, 16.Apr.2024) — Infinium, has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings Inc. (NYSE: KNTK) to purchase carbon dioxide (“CO2”) captured from Kinetik’s gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels (“eFuels”). Infinium […]
Judge Suspends Effects of Petrobras Board Member Suspension
(Energy Analytics Institute, 16.Apr.2024) — Brazilian energy giant Petrobras said the reporting judge of the 4th Panel of the Federal Regional Court of the 3rd Region issued a decision today suspending the effects of the decision suspending Mr. Pietro Adamo Sampaio Mendes from exercising the position of board member of […]
KBR and GeoLith to Offer Zero-Emission Lithium Technology Globally
(KBR, 15.Apr.2024) — KBR (NYSE: KBR) has signed an alliance agreement with GeoLith SAS to offer its advanced Direct Lithium Extraction (DLE) technology, Li-Capt®. This technology enables zero-emission lithium extraction from untapped sources like geothermal and oil well brines. Under the terms of the agreement, KBR will serve as the exclusive global licensor […]
ENGIE Energía Chile Reveals Expiration of Cash Tender
(EECL, 15.Apr.2024) — ENGIE Energía Chile S.A. (EECL) said its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.500% Notes due 2025 (the “Notes”) has expired at 5:00 p.m., New York City time, on 12 Apr. 2024 (the “Expiration Date”). The Tender Offer was made pursuant to an offer […]
Pemex to Remain A Fiscal Challenge for Next President of Mexico
(S&P Global Ratings, 15.Apr.2024) — Mexico’s relationship with state-owned oil giant Pemex will remain a fiscal challenge for the country’s next presidential administration, said S&P Global Ratings in “Pemex Will Remain A Fiscal Challenge For Mexico’s Next President.” The national elections in June encompass the presidency and both chambers of […]
US Not to Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
(Reuters, 15.Apr.2024) — The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas sector, a State Department spokesperson said, unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year. The U.S. […]
EQT Inks Non-Operated Asset Transaction with Equinor
(EQT, 15.Apr.2024) — EQT Corporation (NYSE: EQT) entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised […]
Equinor Swaps Onshore US Assets with EQT
(Equinor, 15.Apr.2024) — Equinor and EQT Corporation agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interest in the Northern Marcellus formation. Under the transaction agreement, Equinor will sell 100% interest in and operatorship of its onshore asset […]
SLB Awarded Three Completion Contracts for Petrobras’ Buzios Field
(SLB, 15.Apr.2024) — SLB (NYSE: SLB) has been awarded three contracts by Petrobras (NYSE: PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. The scope of the contract includes SLB’s full bore electric interval control valves and […]
Xi Jinping on the Belt and Road Initiative and Readers in Chile
(Beijing Review, 13.Apr.2024) — The Spanish edition of Xi Jinping on the Belt and Road Initiative is helping Latin American countries better understand and participate in the China-proposed Belt and Road Initiative (BRI), officials and scholars said at a seminar held for readers to share their ideas in Santiago, Chile, […]
Power Nickel Closes Oversubscribed Private Placement
(Power Nickel, 12.Apr.2024) — Power Nickel Inc.(TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) closed its previously announced private placement of common shares at $0.20 per common share. The company has issued 11,889,875 common shares for gross proceeds of $2,377,975. The private placement is subject to final approval of the TSX Venture […]
SBM Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar
(SBM, 12.Apr.2024) — SBM Offshore announced that ExxonMobil Guyana Limited (EMGL) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation […]
ExxonMobil Guyana Takes $12.7bn FID with Sixth Project Whiptail
SPRING, TEXAS (ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add 250,000 barrels of daily capacity by the end of 2027. “Our sixth […]
Repsol Completes Construction of Frye Solar, its Largest Solar Plant in the US
(Repsol, 11.Apr.2024) — Repsol completed construction of its Frye Solar project, its largest photovoltaic plant to date, with a total installed capacity of 637 MW and 570 MW currently in operation. Located in the United States, the Frye Solar project was built near the city of Kress, Swisher County, Texas. […]
Golden Arrow Updates on Agreement at San Pietro IOCG
(Golden Arrow, 11.Apr.2024) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reported on the status of the option granted to Sociedad de Servicios Andinos SpA (SSA) in respect to the San Pietro project located in Chile (the “Transaction“). As previously announced on 12 Jan. 2024 (the “Initial Press Release“), New Golden Explorations Chile SpA […]
Petrobras Looks to Overturn Decision Regarding Pietro Adamo
(Energy Analytics Institute, 11.Apr.2024) — Brazilian energy giant Petrobras said a precautionary decision was issued on 11 Apr. 2024 in the context of a popular action underway at the 21st Federal Court of São Paulo, which determined the suspension of Mr. Pietro Adamo Sampaio Mendes from his position as a […]
PetroTal Announces Q1 2024 Operations and Corporate Updates
(PetroTal, 11.Apr.2024) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the following operational, financial and corporate updates. All amounts are in US dollars unless stated otherwise. Q1 2024 Production PetroTal achieved average production of 18,518 barrels of oil per day (bopd) in Q1 2024, in line with guidance. […]
GeoPark In Exclusive Dealings to Buy Unconventional Blocks in Vaca Muerta
(GeoPark, 11.Apr.2024) — GeoPark Limited (NYSE: GPRK) has submitted a binding offer to acquire a non-operated working interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the date of this release, the offer has been accepted by the seller and the parties are working on an […]
GoGold Reports Quarterly Production at Parral
(GoGold, 10.Apr.2024) —GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production ending 31 Mar. 2024 of 375,745 silver equivalent ounces, consisting of 138,657 silver ounces, 2,184 gold ounces, 93 tonnes of copper, and 92 tonnes of zinc. With the SART Zinc circuit commissioning completed, this marks the first quarter where Parral produced a saleable zinc product. “Now […]
China Remains the Clear Energy Transition Leader
(BloombergNEF, 10.Apr.2024) — Despite posting only modest growth in 2023, China remains by far the largest market for energy transition spending, reaching $676bn in 2023, according to a report by BloombergNEF. This is 38% of the global total. The US is the second-largest funding destination for energy transition technologies, with […]
Petrobras finds oil in ultra-deep waters of the Potiguar basin
RIO DE JANEIRO, BRAZIL (By Petrobras, 9.Apr.2024, Words: 552) — Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, of Concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is located on the coast between Ceará and Rio Grande do Norte, about 190 km […]
APA Corp. Updates on Executive Leadership Changes
(APA Corp., 9.Apr.2024) — APA Corporation (Nasdaq: APA) announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. “Building on the momentum of our recently closed acquisition, we […]
BP in Talks to Sell Some Trinidad Upstream Gas Assets to Perenco
(Reuters, 8.Apr.2024) — BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago’s largest natural gas producer with an output of just over 1.3 billion […]
Petrobras Comments on Decision in Popular Action
(Energy Analytics Institute, 8.Apr.2024) — Petrobras said that on 5 Apr. 2024 a precautionary decision was published within the scope of a popular action in progress at the 21st Federal Court of São Paulo, which determined the suspension of Mr. Sérgio Machado Rezende from the exercise of the position of […]
Petrobras Evaluating Draft of Public Call for Tenders
(Energy Analytics Institute, 8.Apr.2024) — Petrobras is technically evaluating the draft of the public call for tenders, as is its regular practice whenever alternatives are offered in relation to tax litigation. The announcement relates to news published in the media about a possible tax transaction, the state energy giant said […]
Joint Statement from Papua New Guinea and TotalEnergies
(TotalEnergies, 8.Apr.2024) — Papua New Guinea Prime Minister James Marape and TotalEnergies Chairman and CEO Patrick Pouyanné met together to discuss the status of the Papua LNG project. On this occasion, Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, and […]
S&P Upgrades CGG’s Long Term Debt
(CGG, 8.Apr.2024) — CGG announced that S&P Global Ratings has upgraded the company’s issuer credit rating to ‘B’ from ‘CCC+’. S&P noted “a markedly stronger 2024–2025 financial performance” as a reason for the upgrade. “We believe that S&P’s rating upgrade aligns with our recently communicated financial roadmap”, said CGG CFO […]
Petrobras on Extraordinary Dividend Payment
(Energy Analytics Institute, 6.Apr.2024) — Brazilian energy giant Petrobras, in regards to recent news published in by the local media in Brazil, clarifies that the payment of extraordinary dividends was not on the agenda of the company’s Board of Directors meeting held on 5 Apr. 2024, the company said 6 […]
MEEI Says Cove Operations Moving to Hydrocarbon Removal Phase
(Ministry of Energy and Energy Industries, 5.Apr.2024) — The Ministry of Energy and Energy Industries (MEEI) advises that steps have been taken to progress operations to the hydrocarbon removal phase of the overturned vessel off the coast of Cove, Tobago. Investigations inclusive of a tank-by-tank analysis to determine both the […]
Ecopetrol Announces Senior Management Changes
(Ecopetrol, 5.Apr.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces the following senior management changes: Ana Milena López, submitted her voluntary resignation as Corporate Vice President of Finance and Sustainable Value effective on 12 Apr. 2024. María Catalina Escobar Hoyos, our current Value Maximization Manager, will temporarily take over this position […]
Chevron Invests in Carbon Capture and Removal Technology Company, ION Clean Energy
(Chevron, 4.Apr.2024) — Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy, a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. ION raised $45mn in Series A financing led by CNE. The capital raised will continue to fund […]
Petrobras Comments on Upcoming General Meeting
(Energy Analytics Institute, 4.Apr.2024) — Rio de Janiero-based Petrobras, with regards to news published by the local Brazilian media about the payment of extraordinary dividends, said 4 Apr. 2024 in an official statement that there was no decision regarding the distribution of such amounts. According to the so-called material fact […]
Venezuelan Production with US Sanctions Not Reimposed, Reimposed: Rystad
(Rystad Energy, 4.Apr.2024) — As the deadline for US sanctions relief on Venezuela ends on 18 Apr. 2024, the outlook for the South American nation’s oil industry appears uncertain. If the US does not reimpose sanctions, Venezuela could surpass the 1 million barrels per day (bpd) threshold as early as […]
MEEI Head Young Meets with Methanex Country President Bain
(MEEI, 3.Apr.2024) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, met with Mr. Colin Bain, Managing Director and President, Methanex Trinidad and Tobago. This meeting took place on 3 Apr., 2024 at the Ministry of Energy […]
No Sun? No Big Deal
(CMS Energy, 3.Apr.2024) — In ancient times, some thought a dragon was swallowing the sun, or that it was the end of the world. These days, it’s an occasion for gawking, a scramble for the right shades and social media posting. But for Consumers Energy‘s solar power plants, next week’s […]