(Reuters, 26.Sep.2021) â 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 nationalizations, a sharp warning to the sector from the new leftist government. Bellido told Reuters in August that the government […]
Tag: Royal Dutch Shell
Scandal Deepens Over Ill-fated Gas Deal
(Trinidad Guardian, 3.Sep.2021) â In what could turn out to be a major scandal for the government and state-owned National Gas Company, (NGC) Guardian Media has obtained confidential correspondence between Finance Minister Colm Imbert and the Board of the NGC that show the Board seeking, and Imbert agreeing, to grant […]
BP: No Gas For Train 1
(Trinidad Express, 19.Jul.2021) â Energy major BP said there is no âongoing fightâ between itself and the minority shareholder of Atlantic, Royal Dutch Shell. In a statement issued late yesterday, responding to an Express story, the London-based energy company said it has been working closely with the other Atlantic LNG […]
Big Energy Fights Over Atlantic
(Trinidad Express, 18.Jul.2021) â 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 mothballed should be seen as part of the ongoing fight between BP and Royal Dutch Shell, two of the worldâs […]
Colombia Anticipates New Offshore Oil Exploration
(Bloomberg, 1.Jul.2021) â Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol […]
Shell Going âGreenâ, Plans Steady Drop In Oil Business
(AP, 12.Feb.2021) â Royal Dutch Shell, one of the multinationals that has defined the oil industry, is slowly turning away from the fossil fuel that made its fortune over the decades, but also worsened a global climate crisis The company said on Thursday that its production of oil peaked before […]
Suriname Latest Big Oil Find As Industry Cuts Costs
(The New York Times, 20.Jan.2021) â The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters off Guyana have become one of the worldâs hottest oil-drilling zones. Now, international oil executives are looking at neighboring Suriname. […]
Mexico’s Lopez Wants Plan To Execute Energy Vision
(Reuters, 11.Aug.2020) â Mexico’s president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to achieve the same goals, according to three people familiar with the matter. President Andres Manuel Lopez Obrador on July 22 […]
Chevron Expects To Restart Train 2 Of Gorgon LNG Plant
(Reuters, 28.Jul.2020) â Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the trainâs propane heat exchangers during […]
Guyana Extends Search For Agent To Sell Govt’s Oil
(Reuters, 11.Mar.2020) â Guyana has extended the initial deadline in its search for an agent to market its share of oil produced by an Exxon Mobil-led consortium to March 24, the Department of Energy said on Wednesday. Guyana has no domestic refining capacity or national oil company and must sell […]
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, […]
Exxon, Shell To Delay Vaca Muerta Production
(Seeking Alpha, Carl Surran, 20.Nov.2019) â Exxon Mobil and Royal Dutch Shell say they want to ramp up oil and natural gas production in Argentina’s Vaca Muerta shale play but are holding back awaiting clarity on the incoming government’s economic and energy policies. “The resource has great quality… the same […]
Brazil Tender Disappoints
(Reuters, Gram Slattery, Marta Nogueira, Marianna Parraga, 6.Nov.2019) â Brazilâs biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors. Petroleo Brasileiro SA, as the Brazilian firm is also known, and Chinese state firms CNOOC and […]
Priciest Oil Auction Could Raise $50bn in Brazil
(Bloomberg, Sabrina Valle, 21.Oct.2019) â An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to […]
Mexicoâs New President Throws Down Gauntlet To Oil Majors
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) â Mexicoâs new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national oil companies by his predecessor but challenged them to pump oil quickly or no further oil fields would be offered. […]
Royal Dutch Shell Provides 3Q:18 Highlights For Brazil And Argentina
(Energy Analytics Institute, Jared Yamin, 2.Nov.2018) â Royal Dutch Shell provided an update related to portfolio developments in Brazil and Argentina during the third quarter 2018. Third Quarter 2018 Portfolio Developments Upstream During the quarter, Shell and its partner Chevron won a 35-year production-sharing contract for the Saturno pre-salt block […]
Petrobras Fires Up New Platform In Offshore Lula Field
(Reuters, 24.Oct.2018) â State-controlled oil company Petroleo Brasileiro said on Wednesday it had started production on its eighth platform in the offshore Lula field, Brazilâs most productive, as it ramps up output from the Santos basin in the coveted pre-salt oil play. Platform 69 will be able to produce up […]
Mexicoâs Lopez Obrador Pushes Big Oil To Hurry, But Offers Little
(Reuters, David Alire Garcia, Marianna Parraga, 16.Oct.2018) â At his first meeting with foreign oil majors, Mexicoâs leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources say, but gave no sign of offering up new fields to reverse dwindling output. President-elect Andres Manuel […]
Trinidad Inks Gas Deal With Venezuela To Continue LNG Exports
(Bloomberg, Ryan Collins and Kelly Gilblom, 25.Aug.2018) â Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas Maduro and Trinidad and Tobago Prime Minister Keith Rowley signed a deal Saturday where Trinidad will purchase gas from Venezuelaâs […]
Shell Oil Traders Trade One Caribbean Paradise For Another
(Reuters, Julia Payne, 17.Aug.2018) â Royal Dutch Shell’s oil traders in the Caribbean island of Barbados are getting ready for a tough gig â theyâre being moved to the Bahamas next month. The relocation of the oil and gas companyâs trading hub for Latin America will make travel to customers […]
Shell Offers 1H:18 LatAm Updates
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) â Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water bid round in Mexico in January for the Gulf of Mexico, Shell won four exploration blocks on its own, four with its partner Qatar Petroleum […]
Shell Provides 3Q:18 Outlook Update
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) â Royal Dutch Shell plc offered the following outlook for the third quarter of 2018. Compared with the third quarter 2017, Integrated Gas production is expected to be 40 â 70 thousand boe/d lower, mainly due to divestments and higher maintenance. LNG liquefaction volumes […]
Petrobras Targets China with New Crude Oil
(Reuters, Florence Tan and Alexandra Alper, 27.Jul.2018) â Brazilâs state-controlled energy company Petrobras plans to push more crude oil to top importer China by marketing a new medium-sweet grade that could be shipped from October, two sources with knowledge of the matter said. Petrobras expects to start pumping pre-salt oil […]
Argentina Resurrects Oil Intervention Panic
(Bloomberg, Jonathan Gilbert, 22. Jun.2018) â Javier Iguacel has left the road for the oilfield, and that may mean a complete about-face on Argentine energy policies. Iguacel, whoâd led Argentinaâs national road agency since January 2016, was sworn in Thursday as the nationâs energy minister at a time when his […]
Uruguay to Adopt Process for Offshore Oil Blocks
(Reuters, Luc Cohen, 15.Jun.2018) â Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview this week. The tiny South American country […]
Brazil Raises $830 Mln in Pre-Salt Auction
(Efe, 7.Jun.2018) â Brazil raised 3.15 billion reais (around $830 million) in fixed signing bonuses on Thursday in its fourth auction of oil blocks in a deepwater region of the Atlantic Ocean known as the pre-salt. The winner of the largest and most coveted block â known as Uirapuru â […]
Petrobras Says P-69 Arrives in Brazil
(Petrobras, 30.Mar.2017) â Platform is now at Brasfels shipyard in Angra dos Reis On March 28, the hull of floating production, storage and offloading vessel (FPSO) P-69 arrived at the Brasfels shipyard in Angra dos Reis, in the state of Rio de Janeiro. This shipyard will do the platformâs integration […]
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
(Oilprice.com, Charles Kennedy, 15.Sep.2016) â The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. The British oil giantâs CEO Bob Dudley said that land in the Permian has become […]
Shell Announces Return to Bolivia
(Energy Analytics Institute, Jared Yamin, 8.Jun.2016) â Royal Dutch Shell, which ceased to operate in Bolivia in June of 2008, has laid out exploration and exploitation plans for the small land-locked South American country. Shell, via BG Bolivia, announced plans to invest millions to focus on exploration activities at the […]