LATAM NRG DASHBOARD

Cure for Venezuela’s Mercantilism, Rentism Disease

(EneryNomics, Carlos A Rossi, 18.Aug.2018) – Are natural resource endowed countries victims of their own wealth? Is there a richness threshold beyond which the institutions ...
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Former PDVSA Director Detained in Argentina

(Energy Analytics Institute, Ian Silverman, 17.Aug.2018) – A former PDVSA director has been detained and accused of money laundering. Luis Abraham Bastidas Ramírez, the cousin ...
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Jusepin Oil Region in Venezuela: 45 Seconds of Fame

(Energy Analytics Institute, Piero Stewart, 17.Aug.2018) – Venezuelan opposition leader Maria Corina Machado tours the Jusepin petroleum region in Venezuela. Depredadores. Arrasaron con todo.Jusepín, un ...
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Guyana to Become 5th Largest Oil Producer in LAC Region

(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the ...
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PDVSA Leaves Argentine Gas Station to Fend for Itself

(Reuters, Luc Cohen, 15.Aug.2018) – As Venezuela’s state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funneled millions of ...
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Ecopetrol Reports Higher Sales, EBITDA in 2Q:18

(Ecopetrol, 14.Aug.2018) – Ecopetrol S.A. announced the Business Group's financial results for the second quarter and the first half of 2018, prepared in accordance with ...
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Webinar Panelist Discuss All Things Guyana

(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – The three promised to return to discuss all things Guyana again in six months as the small South ...
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Colombia Says Odebrecht Bribes Larger Than Previously Known

(Bloomberg, Ezra Fieser, 15.Aug.2018) – Odebrecht SA, the Brazilian construction giant, paid at least $32.5 million in bribes in Colombia -- three times the amount ...
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$123.5b from Upstream from 2010 to ­2016 — TTEITI

(Trinidad Express, Anthony Wilson, 15.Aug.2018) – Upstream energy companies oper­ating in T&T paid $123.5 billion to the Government between 2010 and 2016, according to data ...
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Venezuela Petrol Prices Need to Rise to Stop Smuggling

(Reuters, Deisy Buitrago and Brian Ellsworth, 14.Aug.2018) – Venezuela’s heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in ...
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Mexico’s Struggling Pemex Awaits New President’s Risky Fix

(Bloomberg, Amy Stillman, 14.Aug.2018) – By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it ...
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OPEC MOMR Shows Further Oil Declines in Venezuela

(Energy Analytics Institute, Piero Stewart, 14.Aug.2018) – Venezuela’s crude oil production declines seem unstoppable. Venezuela’s crude oil production fell to 1.278 million barrels per day ...
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Whither Guyana?

(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2018) – On a per capita basis, Guyana is already probably the most resource-rich country on the planet, but ...
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Technology, New Innovations and the LatAm Energy Sector

(Energy Analytics Institute, Pietro D. Pitts, 14.Aug2018) – The ability to use hydraulic fracturing to tap shale formations, to remotely monitor and manage assets, and ...
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Mexico’s Fuel Plan Won’t Immediately Impact Texas

(Texas Tribune, Juan Luis García Hernández, 14.Aug.2018) – After a dramatic spike in gasoline prices incited widespread protests in Mexico last year, then-presidential candidate Andrés ...
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Andrade Calls Out to Duque Over Odebrecht Case

(TheAndradeStory.com, 13.Aug.2018 – On Thursday (8/9) afternoon, the Office of the Attorney General of Colombia announced two new charges against the former head of the ...
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SeaOne Caribbean Fuel Project Recognized as Strategic

(SeaOne Caribbean, 13.Aug.2018) – SeaOne Caribbean, LLC, which is developing the Caribbean and Central American Fuels Supply Project for natural gas and natural gas liquid ...
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Venezuela’s Citgo Refineries At Risk Of Seizure

(Forbes, Robert Rapie, 12.Aug.2018) – In 2007, following Venezuela's expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested ...
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Is Venezuelan Oil Output Falling Faster Than Expected?

(OilPrice.com, Nick Cunningham, 12.Aug.2018) – The bad news from Venezuela continues. In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to ...
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Citgo Petroleum Company Profile

(Energy Analytics Institute, Aaron Simonsky, 11.Aug2018) – Houston-based Citgo Petroleum Corporation is the refining arm of Venezuela’s Petróleos de Venezuela, S.A. (PDVSA). What follows is ...
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Companies to Invest Nearly $900 Mln in Iñiguazu

(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – In Caraparí, in southern Bolivia, a law was enacted that paves the way for the exploration and exploitation ...
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World Bank Says Oil To Average $65 in 2019

(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – The World Bank expects the price of oil to average $65 per barrel in 2019. “Oil prices are ...
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Crystallex Cuts Others In Line for Citgo Assets

(Energy Analytics Institute, Jared Yamin, 11.Aug.2018) – Crystallex seems to have cut in line while there are many others already in line for CITGO assets ...
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Two Companies to Ship Fuels from US to Mexico

(Energy Analytics Institute, Ian Silverman, 11.Aug.2018 – To-date, two oil companies are working to export fuels from the U.S.A. to neighboring Mexico, through the Port ...
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Crystallex Wins Right To Tap Citgo For Compensation

(OilPrice.com, Irina Slav, 10.Aug.2018) – Canadian gold miner Crystallex was ruled the winner in a long-running case against Venezuela, which it has sued for the ...
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PDVSA President Says Venezuela Production Stabilized

(Energy Analytics Institute, Piero Stewart, 10.Aug.2018) – PDVSA President Manuel Quevedo assured that Venezuelan crude oil production had stabilized. Quevedo, who also serves as Venezuela’s ...
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PDVSA Cut Debt to Rosneft $400 Mln in Q2

(Neftegaz.RU, 10.Aug.2018) – According to Platts, Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 million ...
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Venezuela Facing Compounding Oil Woes

(UPI, Daniel J. Graeber, 10.Aug.2018) – Though it holds the largest reserves of oil in the world, production levels put it only in the middle ...
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PDVSA Appeals Ruling Regarding Citgo Seizure

(AFP, 10.Aug.2018) – Venezuela's state oil company PDVSA on Friday appealed a US court ruling that would allow a Canadian mining company to seize shares ...
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Analysts: Only a Matter of Time Before Venezuela Loses Citgo

(Houston Chronicle, Jordan Blum, 10.Aug.2018) – Financially crippled Venezuela likely will lose control of its Houston refining arm Citgo Petroleum once a slew of lawsuits ...
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Venezuela’s Oil Sales to U.S. in July Below 500 Mb/d

(Reuters, 10.Aug.2018) – Venezuela’s crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, ...
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Crystallex Court Win Against Venezuela Aided by Finding

(Reuters, Brian Ellsworth, 10.Aug.2018) – Crystallex’s victory in a legal battle with Venezuela that paves the way for it to collect a $1.4 billion award ...
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Guyana Outlook: The Nor-way or the Next-Door-Neighbour-Way?

(Energy Analytics Institute, Ian Silverman, 10.Aug.2018) – Regional experts plan to discuss the oil outlook for South America’s Guyana. Caribbean Economist Marla Dukharan will be ...
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Union, Petrotrin Deny Strike Rumours

(Trinidad and Tobago Newsday, Yvonne Webb, 10.Aug.2018) – State-owned oil company Petrotrin said a message circulating on social media that the company is on strike ...
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Kosmos to Spud Pontoenoe Prospect Offshore Suriname

(Energy Analytics Institute, Ian Silverman, 10.Aug.2018 – Kosmos Energy Ltd. expects to commence drilling operations on the Pontoenoe-1 well in mid-August. Pontoenoe is the first ...
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U.S. Judge Authorizes Seizure of Venezuela’s Citgo

(The Wall Street Journal, Andrew Scurria and Julie Wernau, 9.Aug.2018) – A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a ...
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Jamaica Enters New Programme with Energy Agency

(Jamaica Gleaner, McPherse Thompson, 9.Aug.2018) – Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic ...
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Mexico’s CNH to Speak at EnerCom Conference

(Energy Analytics Institute, Jared Yamin, 9.Aug2018) – The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018 ...
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Ecopetrol Announces 2Q:18 Earnings, Conference Call

(Ecopetrol, 9.Aug.2018) – Ecopetrol S.A. announced that on August 14, 2018 after market close, it will release its financial and operating results for the second ...
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Crystallex Can Go After Venezuela’s US Refineries

(Associated Press, 9.Aug.2018) – A Canadian gold mining company on Thursday won the right to go after Venezuela's prized U.S.-based oil refineries and collect $1.4 ...
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ShaleWolf Capital Sees Oil Prices Above $110 by 2019

(ShaleWolf Capital, 9.Aug.2018) – On June 22nd, 2018 President Donald Trump asked OPEC to increase its daily oil output by 1 million barrels. Industry experts ...
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Petrobras Receives Over R$ 1 Bln from Operation Car Wash

(Petrobras, 9.Aug.2018) – Petrobras informs that it has received a return of R$ 1.034 billion through cooperation and leniency agreements signed with individuals and legal ...
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PdV, Joint Ventures Miss Oil Targets

(Argus, 9.Aug.2018) – Venezuela's state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according ...
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Pemex’s Salina Cruz Refinery Halts Operations

(Energy Analytics Institute, Ian Silverman, 9.Aug.2018 – Pemex’s Salina Cruz refinery halted operations Wednesday night due to a power outage. The refinery, located in Oaxaca, ...
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Guyana Oil Find Quadruples FDI Flows

(Jamaica Gleaner, CMC, 8.Aug.2018) – Regional commission ECLAC is reporting that foreign direct investments, FDI, in Guyana increased to US$212 million last year in part ...
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Sempra Energy Forms North American Infrastructure Group

(Sempra Energy, 8.Aug.2018) – Sempra Energy formed a new operating group for its North American infrastructure businesses and named Carlos Ruiz Sacristán chairman and CEO ...
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Ecopetrol Names New Corporate VP of Finance

(Ecopetrol, 8.Aug.2018) – Ecopetrol S.A. announced appointment of Jaime Caballero Uribe as the new Corporate Vice President of Finance (Chief Financial Officer). The appointment is ...
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Helmerich & Payne Wins Right to Sue Venezuela

(Energy Analytics Institute, Piero Stewart, 8.Aug2018) – U.S. drilling company Helmerich & Payne won a judgment from the U.S. Court of Appeal to sue Venezuela ...
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Republic Bank Opens Solar-Powered Branch in Barbados

(Trinidad and Tobago Newsday, Sasha Harrinanan, 8.Aug.2018) – Barbados has its first ever solar-powered banking facility – the newest branch of Republic Bank (Barbados) at ...
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Unsealing Crystallex/PDVSA Documents

(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) – Chief Judge Stark of the US Federal District Court in Delaware immediately agreed with our arguments calling out ...
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Caribbean Plugs into Electric-Car Revolution

(Trinidad Express, Sophie Hares, 7.Aug.2018) – With her foot down to show off the acceleration of the zippy electric car, Joanna Edghill spins around the ...
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Shell calls in a BIG RIG

(Trinidad Express, Aleem Khan, 7.Aug.2018) – More hints that major discovery on the horizon. Offshore Trinidad was one of two sites in the world where ...
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Venezuela Dodges Oil Asset Seizures

(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) – Reuters) - Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports ...
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Venezuela’s Oil Production Turning a Corner?

(FoxBusinss, Leia Klingel, 7.Aug.2018) – Oil production by Venezuela’s PDVSA may have started to improve, with the state-owned oil and gas producer reporting that production ...
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Venezuela Is Oil Market’s Bizarro World

(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) – Venezuela's state oil and gas company PDVSA cut its debt to Russia's top crude producer Rosneft by $400 ...
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US Abandons Sanctions to Avoid Owning Venezuela Collapse

(S&P Global Platts, Brian Shield, 7.Aug.2018) – Just more than a year ago, it was not a question of ‘if’, but ‘when.’ As Venezuela’s leftist ...
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Venezuela Waiving All Taxes on Profits from PDVSA

(Energy Analytics Institute, Piero Stewart, 7.Aug2018) – Aside from wasting paper, more importantly, the recent Gaceta Oficial in Venezuela also has a decree from President ...
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Talos Energy Conference Call, Webcast

(Talos Energy Inc. 6.Aug.2018) – Talos Energy Inc. will host a conference call, which will also be broadcast live over the internet, on Tuesday, August ...
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Talos Energy Announces 2Q:18 Financial, Operational Results

(Talos Energy Inc., 6.Aug.2018) – Talos Energy Inc. announced its financial and operational results for the second quarter ended June 30, 2018, and reaffirmed the ...
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How Venezuela Gets Plundered

(DW.com, Andreas Knobloch, 6.Aug.2018) – A money-laundering scandal involving Venezuela's state oil company PDVSA could turn into a problem for a Swiss bank. A German ...
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The Weirdest Oil Lawsuit Of 2018

(OilPrice.com, Viktor Katona, 6.Aug.2018) – Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, ...
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Petrobras Approves Pmt of Interest on Capital

(Petrobras, 6.Aug.2018) – Petrobras reports that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest ...
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Ecopetrol Reports Resignation of María Fernanda Suárez

(Energy Analytics Institute, Piero Stewart, 6.Aug.2018) – María Fernanda Suárez has resigned from Ecopetrol. The state oil company announced in an official statement that the ...
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How Far Can Venezuela Go In Raising Gas Price?

(AFP, Esteban Rojas, 5.Aug.2018) – In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline -- an absurdity that the ...
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Bolivia Aims to Start Production of Bioethanol

(Efe, 5.Aug.2018) – Bolivia is on the verge of producing bioethanol at a mass scale in an effort to phase out the country’s reliance on ...
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BPTT Helps Mayaro Students

(Trinidad and Tobago Newsday, Jada Loutoo, 5.Aug.2018) – Some 25 students from across the south-eastern community of Mayaro are set to benefit from a revolutionary ...
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Petrobras Posts 1H:18 Profit, Reduces Debt

(Petrobras, 3.Aug.2018) – Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the ...
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Puerto Rico to Restructure $3 Bln Power Debt

(AP, 3.Aug.2018) – Puerto Rico's government reached a deal Monday night with a bondholder group to restructure more than a third of the debt owed ...
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Frontera Announces Second Quarter 2018 Results

(Frontera Energy Corporation, 3.Aug.2018) – Frontera Energy Corporation released its Interim Condensed Consolidated Financial Statements for the second quarter of 2018, together with its Management, ...
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Venezuelan Capital Hit by 80% Power Cut

(AFP, 3.Aug.2018) – A power failure cut electricity to 80 per cent of the Venezuelan capital Caracas Tuesday, provoking transport and communications chaos, authorities said ...
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Frontera Announces 2Q:18 Conference Call

(Frontera Energy Corporation, 3.Aug.2018) – Frontera Energy Corporation scheduled a conference call for investors and analysts for 3 August 2018 at 8:00 a.m. (MDT), 9:00 ...
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Noble Tom Madden to Return to Active Status

(Energy Analytics Institute, Jared Yamin, 2.Aug2018) – Noble Tom Madden will return to active status following contract award. Following the close of the second quarter ...
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Granger Says Guyana Energy Head Fit and Proper

(Department of Public Information, Guyana, Alexis Rodney, 2.Aug.2018) – President David Granger said today that he is confident of the work that will be executed ...
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Shell Offers 1H:18 LatAm Updates

(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water ...
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Shell Provides 3Q:18 Outlook Update

(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc offered the following outlook for the third quarter of 2018. Compared with the third ...
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Pemex Has or Doesn’t Have Money?

(Energy Analytics Institute, Aaron Simonsky, 1.Aug2018) – If Mexico’s Pemex doesn’t have the necessary funds to invest in deep water or shale activities, how is ...
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Pemex Inaugurates 1st Petrol Station with New Image

(Pemex, 1.Aug.2018) – The CEO of Pemex Transformación Industrial stated that the new concept will help the franchise maintain its leadership in the national market​ ...
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Citgo Raises $$750,000 for Muscular Dystrophy Association

(Citgo Petroleum Corporation, 31.Jul.2018) – The Muscular Dystrophy Association (MDA) depends on partnerships to fulfill their mission, and as their largest corporate sponsor, Citgo Petroleum ...
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Mexico Oil Output to Trend Upwards in 2027

(Energy Analytics Institute, Aaron Simonsky, 31.Jul.2018) – Mexico’s oil production will cease to decline in 2025. That’s according to details of a report published by ...
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PetroTrin Refinery Importing Shortfall

(Energy Analytics Institute, Ian Silverman, 31.Jul.2018) – That’s according to reports in a local newspaper. “The refinery at PetroTrin has a capacity of 140,000 barrels ...
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Wheatley Falls: Latest Casualty of Energy Scandal

(Jamaica Gleaner, Edmond Campbell, 31.Jul.2018) – The ongoing scandal that began at the state-owned oil refinery Petrojam has claimed its latest casualty with the resignation ...
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Granger Gov’t Overwhelmed by Enormity of Tasks

Granger gov’t overwhelmed by enormity of tasks in oil and gas sector (Stabroek News, 31.Jul.2018) – Dear Editor, The discovery of oil by ExxonMobil in ...
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Venezuela the Clear Leader in Oil Reserves

(UPI, Daniel J. Graeber, 31.Jul.2018) – An annual review of energy trends from Italian energy company Eni found the United States is a "game changer," ...
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Once Oil Wealthy, Maracaibo Struggles to Keep Lights On

(Reuters, Mayela Armas, 31.Jul.2018) – Across Maracaibo, the capital of Venezuela’s largest state, residents unplug refrigerators to guard against power surges. Many only buy food ...
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Shell Brazil Invests in FPSO Tanks Solution

(World Oil, 31.Jul.2018) – Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in ...
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Peregrino Module Sails to Brazilian Platform

(Energy Voice, David McPhee, 31.Jul.2018) – Watch as Equinor’s Peregrino modules set sail en route to the platform in Brazil to begin Phase 2 of ...
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Ecopetrol Announces Changes to Management Structure

(Ecopetrol, 31.Jul.2018) – Ecopetrol S.A. reports that at its session on July 27, 2018, Ecopetrol's Board of Directors approved adjustments to the company's management structure ...
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Power Outage Hits Most of Venezuela’s Capital

(AP, 31.Jul.2018) – Most of Venezuela's capital is without power following a failure at an electrical plant. Energy Minister Luis Motta Dominguez said on Twitter ...
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Guyana’s ‘Astonishing’ Future

(Trinidad Express, David Renwick, 31.Jul.2018) – The US’s leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the ...
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Guyana: Will its Oil Boom Benefit the People?

(Al Jazeera English, 30.Jul.2018) – Oil companies have identified massive offshore reserves in Guyana, one of South America's poorest nations. New estimates last week report ...
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US Charges Point to Rampant Corruption at PDVSA

US Charges Point to Rampant Corruption at Venezuela State Oil Company (InSight Crime, 30.Jul.2018) – US authorities are charging a network of Venezuelan elites and ...
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Mexico’s Next President Promises Pemex Investment

(Bloomberg, Amy Stillman, 30.Jul.2018) – Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 ...
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Hold It Right There, Petrotrin!

(The Sterling Report, Yanique Leiba-Ebanks, 29.Jul.2018) – Petroleum Company of Trinidad and Tobago Ltd (affectionately known as Petrotrin) is the state-owned oil company in Trinidad ...
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Trafigura Seeks to End Ricardo Eliçabe Conflict

(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Negotiations continue to advance to overcome a labor related conflict at the Ricardo Eliçabe refinery in Bahía Blanca ...
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Sproule To Publish Bolivian Reserve Report

(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Sproule International Limited, the foreign consortium that will quantify and certify Bolivia’s hydrocarbon reserves, plans to publish its ...
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Chuquisaca Signs Multi Billion Oil Deal

(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – The agreement, signed between the Bolivian government and authorities from the department of Chuquisaca provides for initiation of ...
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Colombia Must Boost Investments 55% to Maintain Output

(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The South American country needs to boost investments from an projected $4.5 billion in 2018 to a level ...
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10MW LNG Power Plant for The Nest

(Jamaica Gleaner, Steven Jackson, 27.Jul.2018) – A tripartite deal is in the works for the development of a power plant at CB Group's expansive property ...
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Petrobras Targets China with New Crude Oil

(Reuters, Florence Tan and Alexandra Alper, 27.Jul.2018) – Brazil’s state-controlled energy company Petrobras plans to push more crude oil to top importer China by marketing ...
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Pemex Reports 2Q:18 Sales Rose 36%

(Pemex, 27.Jul.2018) – The company recorded operating yields of 120 billion pesos During the first quarter of 2018, it achieved an EBITDA of 288 billion ...
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