Repsol Sells E&P Assets in Canada for $468mn
(Repsol, 7.Sep.2023) — Repsol agreed to sell its oil and gas assets in Canada to Peyto for $468mn (approximately €433mn) as part of its ongoing portfolio management to focus activity...
Repsol Enters US Onshore Wind Market with Acquisition of ConnectGen
(Repsol, 7.Sep.2023) — Repsol has taken a significant step to accelerate its multi-energy transformation to net zero emissions by 2050. The Spanish company signed today an agreement to acquire US...
Energy Analytics Institute’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni...
Petrobras on Contracting for Block BM-C-33
(Petrobras, 10.May.2023) — Petrobras, following up on the release disclosed on 05/08/2023, informs that Equinor, on behalf of the consortium formed to develop block BM-C-33, has signed the contracts with...
Petrobras on Development of Block BM-C-33
(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the...
Equinor and Partners Announce $9bn FID for BM-C-33 in Brazil
(Equinor, 8.May.202) — Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately $9bn. Located in...
![Repsol Reports Net Income of €4.3bn in 2022 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/02/spain-petrol-station-source-repsol.png)
Repsol Reports Net Income of €4.3bn in 2022 [PDF Downloads]
(Repsol, 16.Feb.2023) — Repsol obtained a net income of €4.251bn in 2022, a year marked by uncertainty, volatility, and complex market dynamics due to the invasion of Ukraine. In 2022,...
Welligence: Venezuela Sanctions Update
(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, Welligence announced 1 December 2022...
PDVSA Pauses Oil-for-debt Shipments to Europe, Wants Product Swaps
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for...
Tullow: Beebei-Potaro Exploration Well Plugged, Abandoned Offshore Guyana
(Tullow, 5.Aug.2022) — Tullow Oil plc announces that drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality...
Repsol Confirms Venezuela Crude Deal Restart
(Argus, 28.Jul.2022) — Spain's integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at its Spanish terminals this month...
US to Allow Venezuelan oil to be Shipped to Europe: Report
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on Sunday reported that Eni SpA...
US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up for Russian crude, Reuters reported, citing...
Repsol to Invest €105mn in the Puertollano Industrial Complex
(Repsol, 2.Jun.2022) — Repsol will invest 105mn euros in the Puertollano Industrial Complex to build the first plant in the Iberian Peninsula capable of manufacturing ultra high molecular weight polyethylene...
NRGBriefs: FMC LatAm Sales; Rig Mobilized in Suriname
(Energy Analytics Institute, 2.May.2022) — Energy briefs including FMC Corp.’s LatAm sales rising 31% YOY in 1Q:22 "driven by robust volume growth in soybean, corn and sugarcane as well as...
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy...
Repsol Posts 1Q:22 Net Income of €1.392bn [PDF Downloads]
(Repsol, 28.Apr.2022) — Repsol's integrated business model and management in line with its Strategic Plan have allowed it to post a net result of €1.392bn, taking advantage of the improved economic context compared...
Repsol Commences Producing Electricity at Jicarilla 2, its First Solar Plant in the US
(Repsol, 27.Apr.2022) — Repsol started producing electricity at its first photovoltaic plant in the United States, called Jicarilla 2, in the state of New Mexico. The facility, located on Jicarilla...
NRGBriefs: Washington yet to Ease Sanctions on Venezuela
(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and...
TotalEnergies Seeks Exit from Venezuelan Gas Projects
(Bloomberg, 10.Feb.2022) — TotalEnergies SE is negotiating an exit from its natural gas operations in Venezuela, just months after the French energy giant closed its oil business in the country. The...
Peru Facing Fuel Shortage after Suspending Repsol Operations, says PM
(Reuters, 3.Feb.2022) — New Peruvian Prime Minister Hector Valer said on Thursday the country was facing a fuel shortage due to a government decree that forbids Repsol SA (REP.MC) from unloading any...
Peru Bans Repsol from Unloading Oil until Further Notice after Spill
(Reuters, 31.Jan.2022) — Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's (REP.MC) offshore oil unloading operations following a spill of over 10,000 barrels that has caused...
Peru Considers Imposing Sanctions on Repsol Over Massive Oil Spill
(Reuters, 26.Jan.2022) — Peru's Prime Minister Mirtha Vásquez said on Monday the government was looking at sanctioning a major local refinery owned by Spanish energy firm Repsol after an oil...
Peru PM Warns Gas Sector
(Reuters, 26.Sep.2021) — Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face...
bpTT’s Matapal Achieves Early First Gas
(bpTT, 17.Sep.2021) — bp Trinidad and Tobago LLC (bpTT) confirms its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite...
Shale Oil Investments May Be Protected From Nationalization
(Baker Institute, 17.Aug.2021) — Shale oil’s short-cycle production protects foreign investors from the risk of expropriation — government taking private property for public use — providing an opportunity for the...
bpTT: Gas Forecast ‘Subject To Change’
(Trinidad and Tobago Newsday, 29.Jul.2021) — Energy company bpTT on Wednesday expressed concern and disappointment over a newspaper report which claimed there would be a major shortfall in natural gas...
Big Energy Fights Over Atlantic
(Trinidad Express, 18.Jul.2021) — No definitive decision has as yet been taken to mothball Atlantic Train I, industry insiders have said. According to these insiders, reports of the plant being...
Maersk Drilling Agrees To Divest Mærsk Inspirer
(Maersk, 27.May.2021) — Maersk Drilling entered into an agreement to divest the combined drilling and production unit Mærsk Inspirer to Havila Sirius for a price of $373mn. This transaction is...
Petrobras On BM-C-33 Developments
(Petrobras, 18.Mar.2021) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the development concept for block BM-C33, operated by Equinor, located in the pre-salt layer of...
US May Restore Venezuela Diesel Swaps, Ease Waiver
(Argus, 20.Jan.2021) — The new US administration is considering whether to reinstate Venezuelan crude-for-diesel swaps and ease a key sanctions waiver, but policy reversals alone would not be enough to...
Driller Stuns Creditors As Argentina’s Dollars Dwindle
(Bloomberg, 19.Jan.2021) — In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If...
Entities Look To Press Biden On Venezuela Fuel Swaps
(Reuters, 18.Jan.2021) — Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe...
Venezuela Oil Exports Fall to New Lows
(Reuters, 2.Nov.2020) — Venezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade to meet...
Sign of Venezuela’s Oil Collapse Is Storage Surge
(Bloomberg, 23.Oct.2020) — Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. That...
Repsol To Advanced Biofuels Plant In Cartagena
(Repsol, 22.Oct.2020) — Repsol will build the first production plant for advanced biofuels in Spain at its Cartagena refinery. From this new facility, the multi-energy company, committed to the circular...
BHP Buys Additional 28% Interest In Shenzi From Hess
(BHP, 6.Oct.2020) — BHP signed a Membership Interest Purchase and Sale Agreement with Hess Corporation (Hess) to acquire an additional 28% working interest in Shenzi, a six-lease development in the...
Repsol Begins Producing At Its Delta Wind Project
(Repsol, 1.Oct.2020) — Repsol, as part of its commitment to an efficient and sustainable energy transition, has reached a new milestone and started to generate wind power with the connection...
US’ Abrams Eyes Tighter Sanctions On Venezuela
(Reuters, 31.Aug.2020) — The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially...
US Eyes October To End Exemptions On Venezuela
(Reuters, 19.Aug.2020) — The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's...
Trump Govt Weighs Tighter Sanctions On Venezuelan Oil
(Bloomberg, 18.Aug.2020) — The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with...
Petrobras Releases Santos Basin Teaser
(Petrobras, 10.Aug.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with...
Fernandez To Creditors: ‘We Can’t Do Any More’
(FT.com, 19.Jul.2020) —Alberto Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that — with an economy devastated by coronavirus — he cannot budge from his...
Suriname Closes Oil Drilling Deal For Later This Year
(Stabroek News, 10.Jul.2020) — Having gone almost entirely unnoticed in the global oil & gas industry for decades, both Guyana and neighbouring Suriname are now claiming their respective shares of...
Reliance To Load Venezuelan Oil Under Fuel Swap Deal
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is...
PdV Receives Diesel Cargo, Patches Gasoline Unit
(Argus, 8.Jul.2020) — PdV received a cargo of ultra-low sulfur diesel today at its Amuay terminal, close to where the Venezuelan state-owned company is running into more snags at its...
Venezuela’s Oil Production Sinks To 300,000 b/d
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from...
Venezuela Awaits New Products Cargo From Italy
(Argus, 3.Jul.2020) — Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls outside the scope of escalating...
Venezuela’s Oil Exports Sank In June To 77-year Low: Data
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
End Of Venezuela’s Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
Ecuador Crude Pipelines Brace For Further Erosion
(Argus, 8.Jun.2020) — State-owned PetroEcuador restarted the 360,000 b/d Sote crude pipeline today after completing a second bypass. Heavy rains ruptured the line in early April and caused erosion around...
First Semi-submersible Floating Wind Farm Sets Sail
(Repsol, 28.May.2020) — The WindFloat Atlantic project is taking one of the final steps towards becoming fully operational. The last of the three pre-assembled wind turbine platforms making up the...
Petrobras To Offer Third-party Access To Gas Plants
(Argus, 28.May.2020) — Brazil's state-controlled Petrobras is opening its natural gas-processing plants to third parties, another step toward opening the country's gas market to greater competition. Petrobras has started offering...
Repsol Makes Deepwater Oil Find In Mexican Waters
(Repsol, 4.May.2020) — Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Both...
PTTEP Says Two New Oil Discoveries Offshore Mexico
(Reuters, 4.May.2020) — Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico. The...
Repsol Launches Solmatch
(Repsol, 30.Apr.2020) — Repsol has launched Solmatch, the first large solar community in Spain, as part of its commitment to offering different supply alternatives to its customers. This product is...
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
(Argus, 15.Apr.2020) — Ecuador's oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude...
Venezuela Gasoline Shortages Worsen
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only...
Equinor Reports GOM Oil Discovery
(Equinor, 6.Apr.2020) — Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the US Gulf of Mexico. The...
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela's crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price...
Venezuela Cause Drifting Off International Agenda
(Argus, 10.Mar.2020) — Venezuela's US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread...
Guyana Elects Leader As Vast Oil Boom Dawns
(AP, 4.Mar.2020) — Guyana voted for a new government on Monday in a bruising fight for control of a tiny South American country whose oil revenues in the next decade...
Trump Wants Pressure Raised On Maduro
(Bloomberg, 21.Feb.2020) — 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...
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and...
Venezuela Weighs Privatizing Oil
(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big...
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the...
Payment Demands In Crypto Pauses Some Oil Purchases
(Bloomberg, 16.Jan.2020) — Some buyers of Venezuelan crude oil have halted purchases after the country started demanding payment of port fees in its failed cryptocurrency. Exports of at least 1...
Venezuelan Oil Exports Fell By A Third In 2019
(Reuters, 7.Jan.2020) — Venezuela’s oil exports plummeted 32% last year to 1.001 million barrels per day, according to Refinitiv Eikon data and state-run PDVSA’s reports, as a lack of staff...
WindFloat Atlantic Project Supplies Energy To Portugal
(WindFloat, 2.Jan.2020) — WindFloat Atlantic wind farm is now operational. After the energisation of the 20-km cable connecting the offshore wind farm and the substation of Viana do Castello, the...
Tullow Shares Drop On Carapa Well Doubts
(Reuters, 2.Jan.2020) — Shares of Tullow Oil dropped by nearly a fifth on Thursday as the Africa-focused oil producer's update on the commercial viability of its new well offshore Guyana...
Tullow Slumps On Guyana Oil Find News
(Bloomberg, 2.Jan.2020) — Tullow Oil Plc discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had expected prior to drilling. Shares...
Tullow Announces Carapa-1 Well Result
(Tullow, 2.Jan.2020) — Tullow Oil plc announces that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on...
Maduro Govt Eyes Turning Point
(Argus, 20.Dec.2019) — PdV is leaning on joint-venture partners as it looks to continue a nascent crude output revival and live up to an improved economic outlook for 2020 The...
BPTT Reports Ginder Gas Find
(BPTT, 15.Nov.2019) — BP Trinidad & Tobago (BPTT) today announced that it has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be...
Repsol Lowers Venezuela Exposure
(Argus, 4.Nov.2019) — Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small provision and a rise in...