Lake Maracaibo: Descent into Chaos [EAItv]

(Energy Analytics Institute, Piero Stewart, 15.Jun.2018) – A brief look at Lake Maracaibo’s descent into chaos. The Maracaibo basin has produced over 43 billion barrels of petroleum, and close to 19 billion barrels of proven reserves still remain ...
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ENAP to Invest $354 Million in Production Project in Argentina

(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Chile’s ENAP plans investments of $354 million in a project located in the eastern mouth of the Strait of Magellan, on the Argentine side. The company plans the investments in its Magallanes Area ...
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PetroAmazonas Production Costs Still Below $20/bbl

(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Production costs at the state entity remain below the $20 per barrel mark. PetroAmazonas EP’s production costs rose slightly to $17.01/bbl in May 2018, up sequentially from $16.46/bbl in April 2018. For the ...
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EP PetroEcuador Says Activities Normal After 5.0 Earthquake

(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Ecuador’s EP PetroEcuador announced all its activities continue under normal conditions after a magnitude 5 earthquake was reported this morning in Ecuador. The epicenter was identified as Nobol (Guayas), the state entity reported ...
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Colombia Produced 865,987 B/D in May 2018

(Finance Colombia, Jared Wade, 14.Jun.2018) –Colombia produced an average of 865,987 barrels of oil per day in May, an uptick of 1.6% over May 2017 according to government figures. This level also represents a 0.1% increase from April, and the ...
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OPEC Says Ecuador Oil Output Reaches 519 Mb/d in May 2018

(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) – Ecuador’s production of crude oil reached 519 thousand barrels per day (Mb/d) in May 2018, up compared to 518 Mb/d in April 2018, the Organization of Petroleum Exporting Countries (OPEC) reported in its ...
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Colombia’s ANH Approves New Contract Model

(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) – Colombia’s National Hydrocarbon Agency (ANH by its Spanish acronym) approved the new oil and gas exploration and exploitation contract model for offshore areas. The contract aims to entice large petroleum companies to make ...
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G20 Energy Heads Gather in Argentina

(Xinhua, 14.Jun.2018) – Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering in Argentina's southwestern city of Bariloche is part of the fourth ministerial meeting of the ...
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Argentina to Export Natural Gas to Chile by YE:18

(Reuters, Luc Cohen, 14.Jun.2018) – Argentina will begin exporting natural gas to neighboring Chile before the end of the year, the energy ministers of both countries said on Thursday, as output from the Vaca Muerta shale field rises. The two ...
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Mexico Energy Sector Facing Uncertainty from Election

(Natural Gas Intelligence, Carolyn Davis, 14.Jun.2018) – Mexico’s historic energy reform launched four years ago may hit a few bumps if, as expected, left-wing presidential candidate Andres Manuel Lopez Obrador is elected on July 1, but there’s no turning back ...
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Jamaica Saves $230m Under Energy Efficiency, Conservation Projects

(JIS, 14.Jun.2018) – The Government has saved $230 million, to date, and reduced environmental emissions from the implementation of major programmes in energy efficiency, conservation and management. The Petroleum Corporation of Jamaica (PCJ)-implemented initiatives are the Deployment of Renewable Energy ...
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Acciona Starts Commissioning 183MW Mexican Wind Farm

(Renewables Now, 14.Jun.2018) – Acciona SA started commissioning its 183-MW El Cortijo wind farm in Mexico, the Spanish infrastructure group said on Wednesday. This is the first wind farm of those being developed as a result of Mexico's energy reform ...
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Venezuela Oil Output Slides to 1.4 MMb/d in May 2018, OPEC Reports

(Energy Analytics Institute, Piero Stewart, 14.Jun.2018) – Venezuela's oil production continues its downward slope. Venezuela’s crude oil production fell to 1.392 million barrels per day (MMb/d) in May 2018, according to a recent report by the Organization of Petroleum Exporting ...
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PDVSA Announces Start-Up of Cardon Refinery AV3 Plant

(Energy Analytics Institute, Ian Silverman, 14.Jun.2018) – PDVSA announced its subsidiary PDV Mantenimiento oversaw the successful start up of the High Vacuum 3 (AV3) Plant at the Cardón Refinery located in the Paraguaná Peninsula in Western Venezuela. Savings to PDVSA ...
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A Visit to Weatherford Laboratories, Trinidad

(Energy Analytics Institute, Ian Silverman, 14.Jun.2018) – Have you ever wanted to visit Weatherford’s facilities in Trinidad? The AAPG Young Professionals of Trinidad and Tobago (AAPGYPTT) have announced an open invite for a tour of Weatherford on the island. Details ...
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Bolivia, Russia Consolidate Energy Partnership

(Efe, 13.Jun.2018) – Bolivia's president met Wednesday with his Russian counterpart as part of a two-day visit to Moscow aimed at consolidating the countries' bilateral energy partnership. While receiving Evo Morales at the Kremlin, Vladimir Putin expressed Moscow's willingness to ...
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Enbridge Begins U.S.-Mexico Portion of Valley Crossing Pipeline

(Reuters, 13.Jun.2018) – Canadian energy company Enbridge Inc. said it started construction of the offshore border crossing section of its US$1.6-billion Valley Crossing natural gas pipeline between Texas and Mexico, according to a federal filing made available on Wednesday. The ...
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Venezuela to Forgo Nearly $30 Billion from Lost Oil Output

(Energy Analytics Institute, Piero Stewart, 12.Jun.2018) – Venezuela will continue to forgo substantial oil revenues this year due to its collapsing production. In the last four years of the administration of Venezuelan President Nicolas Maduro, the country’s oil production has ...
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Jamaican Gas Prices Down by $0.21 per Litre

(Jamaica Gleaner, 13.Jun.2018) – Gas prices are to go down by $0.21 effective Thursday, June 14. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $132.12 per litre and a litre of E-10 90 will sell for $143.95 ...
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PDVAL: PDVSA’s Non-Strategic Affiliate? [EAItv]

(Energy Analytics Institute, Piero Stewart, 1.Jun.2018) – A brief look at PDVSA’s PDVAL ...
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ExxonMobil Reconfirms March 2020 for First Guyana Oil Pour

(Denis Chabrol, DemeraraWaves, 12.Jun.2018) – ExxonMobil on Tuesday reconfirmed that Guyana will pump up its first barrel of oil in March 2020, even as the Guyana government continued to fend off criticisms of the 2016 production sharing agreement. Vice President ...
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Data Confirms Cuban Oil Prospects

(UPI, Daniel J. Graeber, 12.Jun.2018) -- New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia's Melbana Energy announced. Melbana, which changed its name from MEO Australia to ...
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Pemex Reports 94% YOY Rise in Illegal Pipeline Connections

(Energy Analytics Institute, Aaron Simonsky, 12.Jun.2018) – Illegal pipeline connections detected by state oil company Petróleos Mexicanos (Pemex) continue their upward trend.  In April of 2018, the illegal connections rose to 1485, the most reported this year, which represent a ...
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Venezuela Upgraders Halting Ops Amid Export Crisis

(Reuters, Deisy Buitrago, Marianna Parraga, 12.Jun.2018) – Venezuela’s state-run PDVSA [PDVSA.UL] and partners have halted operations at two upgraders that convert extra-heavy oil into exportable crude and plan to stop work at two others, according to six sources close to ...
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Venezuela Won’t Have Enough Oil To Export By 2019

(OilPrice.com, Robert Rapier, 12.Jun.2018) – On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading data and analytics company, argues that the new sanctions are symbolic in comparison to the ...
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ExxonMobil Advances Offshore Guyana Liza Phase 1 Development

(ExxonMobil, 12.Jun.2018) – The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation ...
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Mexico Addresses Social Impact As Energy Reform Progresses

(Velda Addision, Senior Editor, Digital News Group Hart Energy, 12.Jun.2018) — Working at energy sites in some parts of Mexico could mean coming face-to-face with locals wanting to see the economic benefits of projects in their communities sooner rather than ...
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PDVSA Completes First Ship-to-Ship Transfer

(Kallanish Energy, 11.Jun.2018) -- Venezuela’s PDVSA has reportedly completed its first ship-to-ship (STS) transfer last week, in a move to tackle the severe bottleneck of tankers around its main crude ports. Reuters reported the inaugural operation was with the Suezmax ...
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Chile to Receive 1st Iranian Oil Cargo in 16 Years

(Kallanish Energy, 11.Jun.2018) -- As refineries and traders await clarity on whether they will be able to make reductions in their crude purchases from Iran or be forced to stop buying from the OPEC producer, Chile has imported its first Iranian ...
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Observing Controls In Mexico’s Transforming Energy Sector

(Control Risk, Armando Ortega, 11.Jun.2018) — For decades, the most relevant compliance legislation for international companies operating in Mexico was the US Foreign Corrupt Practices Act. Now, as a result of major national economic and legal reforms enacted during President ...
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What is in store for Mexican oil under a new leader?

(Financial Times, Nick Butler, 10.Jun.2018) Among this year’s many elections — from Iraq to Malaysia to Russia — none is more important for the international energy business than the presidential race in Mexico, which will be held on July 1 ...
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Petrojam Responds to Corruption Claims

(The Jamaica Observer, 9.Jun.2018) – Government sources told the Jamaica Observer they are awaiting a response from Venezuela on its offer to repurchase their 49 per cent share in the local oil refinery, Petrojam. It is understood that during a ...
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Chevron Brazil Chief to Lead Venezuela Ops After Arrests

(Reuters, 9.Jun.2018) -- US oil producer Chevron Corp permanently assigned its Brazil country chief to run its Venezuelan operations, three sources said this week, after the months-long detention of two executives escalated tensions between the Opec-member nation and foreign oil ...
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Howard Energy Injects Natgas into Texas-Mexico Impulsora Pipeline

(Reuters, 9.Jun.2018) -- Howard Energy Partners told U.S. energy regulators that it began injecting natural gas into the Impulsora natural gas pipeline project from Texas to Mexico on May 30, according to a filing made available this week. The Impulsora ...
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Critchlow Labour College Working with T&T Cos on Oil and Gas Academy

(Stabroek News, 8.Jun.2018) – Having long established itself as a significant contributor to tertiary education in Guyana, the Critchlow Labour College is seeking to embrace the demand for training in the various disciplines associated with the country’s emerging oil and ...
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Colombia’s ANH Denies Fracking Plans in Boyacá

(Energy Analytics Institute, Jared Yamin, 8.Jun.2018) – Colombia’s National Hydrocarbon Agency (ANH by its Spanish acronym) says it has no plans to carry out fracking activities in Boyacá department. The ANH, which is studying the subsoil in the area, plans ...
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Regional Deepwater Industry in Southern Caribbean, Ramnarine

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) – Kevin Ramnarine discusses the regional deep-water industry in the southern Caribbean during a technical speech in Trinidad on the emerging regional deep-water province of Suriname, Trinidad and Tobago and Guyana, which was hosted by ...
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Trinidad and Tobago Clean Energy Conference 2018

(Energy Chamber of Trinidad and Tobago, 7.Jun.2018) -- The Energy Chamber of Trinidad and Tobago invites you to our Clean Energy Conference 2018, now in its 2nd year and themed “Towards Implementation”. This is the only conference in Trinidad and ...
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Cuba’s Fuel Supply and Exports Pressure Currency, Economist Says

(Energy Analytics Institute, Piero Stewart, 7.Jun.2018) – Cuba’s foreign currency will be under pressure this year. “Difficulties with fuel supply and a drop in exports have continued to put pressure on the availability of foreign currency,” wrote Caribbean Economist Marla ...
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Deepwater Projects Breakeven at $42/bbl, Ramnarine Says

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) --That’s according to comments by former Trinidad and Tobago Energy Minister Kevin Ramnarine. “On average, deep-water projects need an oil price of US$42 per barrel to break even at an NPV10. Assuming a 15% ...
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