Page 12 - LatAmOil Week 40 2022
P. 12

LatAmOil                                          BRAZIL                                            LatAmOil




























                                                          Porto do Sergipe TPP, shown in December 2019 (Image: CELSE)
                         To gain control of CELSE, Eneva acquired 100%   continue to operate the FSRU via Energos
                         of Centrais Elétricas de Sergipe Participações   Infrastructure, the joint venture platform it had
                         (CELSEPAR), the owner of the TPP’s equity   established for this purpose with NYSE-listed
                         assets, and 100% of Centrais Elétricas Barra   Apollo. The Golar Nanook has been chartered
                         dos Coqueiros (CEBARRA), the owner of the   to CELSE for use at the TPP for more than 20
                         right to add 1,700 MW of new capacity to the   years, it added.
                         TPP at an adjacent site. It also agreed to assume   Wes Edens, the chairman and CEO of NFE,
                         CELSE’s outstanding debt obligations as part of   expressed satisfaction with the conclusion of the
                         the deal.                            sale to Eneva. “The closing of this transaction
                           Meanwhile, the parties have also used a por-  further deleverages and simplifies our capital
                         tion of the proceeds from the sale to pay off the   structure and marks another significant step
                         entire balance of – and thus retire – the standby   toward our goal of an investment grade credit
                         guarantee and credit facility agreement previ-  rating,” he said. “We are pleased to redeploy
                         ously signed with GE Capital EFS Financing.  these proceeds toward the capital needs of our
                           The sale will not affect the operation of the   Fast LNG programme and downstream LNG
                         Golar Nanook, the floating storage and regasi-  projects worldwide, internally funding our stra-
                         fication unit (FSRU) that takes delivery of LNG   tegic growth initiatives to serve our customers’
                         for the Porto do Sergipe TPP.        needs amid a structurally short global LNG
                           NFE said in its statement that it would   market.” ™




                                                     ARGENTINA
       Stakeholders in oil and gas sector highlight




       potential obstacles to Vaca Muerta growth






                         ACCESS to high-tech equipment, innovative   (fracking) equipment and more gas and water
                         drilling technologies and transportation capac-  pipelines in order to keep pushing production
                         ity will be key to efforts to develop the Vaca   levels upward.
                         Muerta shale formation, according to oil and   Marcelo Robles, a subsurface reservoir man-
                         gas industry stakeholders in Argentina.  ager at PAE, was among those who stressed the
                           Managers from Argentina’s national oil   need for access to the necessary materials. To
                         company (NOC) YPF and their counterparts   boost output at shale fields, he said, companies
                         at two privately owned firms, Tecpetrol and   must have all the resources they need, including
                         Pan American Energy (PAE), emphasised this   water recycling.
                         point at an industry conference held last week,   For his part, Horacio Marin, Tecpetrol’s cor-
                         Reuters reported. They said that upstream   porate managing director for exploration and
                         operators working in the formation would need   production, drew attention to the necessity of
                         more drilling rigs, more hydraulic fracturing   investment.



       P12                                      www. NEWSBASE .com                        Week 40   05•October•2022
   7   8   9   10   11   12   13   14   15   16   17