(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) – Ecuador starting exploitation activities at the Tiputin field, part of the Yasuní ITT block in July 2016, reported the news agency AFP,...
(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) – Ecuador, the smallest country within the Organization of Petroleum Exporting Countries or OPEC, exported an average 542,000 barrels per day in the...
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – YPF has plans to participate in the Boyuibe and Ibibobo areas in Bolivia, reported the daily newspaper La Razón, citing Bolivia's Hydrocarbon Minister...
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – Repsol President Antonio Brufau visited Bolivia to discuss overall investments in the small landlocked country with officials from YPFB and investments in three...
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – France's Total plans to boost natural gas production by 6.7 million cubic meters per day at Aquio Incahuasi. The French company also plans...
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – Bolivia's Margarita field is producing 20 million cubic meters per day of gas, reported the daily newspaper La Razón, citing Bolivia's Hydrocarbon Minister...
(Energy Analytics Institute, Jared Yamin, 9.May.2016) – Bolivia's National Electricity Company signed a contract with Siemens AG for $397.5 million to boost energy production in Termoeléctrica del Sur to 480...
(Petrobras, 9.May.2016) – Petrobras said it periodically analyzes the economic performance of its projects. The results are consolidated in a corporate document entitled Post-EVTE Study (Post Economic and Technical Feasibility...
(Petrobras, 9.May.2016) – Petrobras signed a term sheet with China Exim Bank (Export-Import Bank of China) containing the main terms and conditions for a $1 billion loan. The final loan...
(Petrobras, 9.May.2016) – Petrobras' total oil and natural gas production in April amounted to 2.69 MMboe/d, of which 2.50 MMboe/d were produced in Brazil and 190,000 boe/d abroad. The average...
(Petrobras, 8.May.2016) – Petrobras, regarding the sale of its stake in Petrobras Argentina, as disclosed in the Material Fact on February 3, 2016, would like to announce that negotiations with...
(Energy Analytics Institute, Jared Yamin, 7.May.2016) – YPF plans to divest of as many as 20 areas in Argentina where the company has a partial interest or where the areas...
(Energy Analytics Institute, Jared Yamin, 5.May.2016) – The government of President Mauricio Macri will pay 72 million Argentine pesos to Miguel Galuccio as part of an offer to the executive...
(Moody's, 4.May.2016) – Moody's affirmed Oleoducto Central, S.A.'s (Ocensa) Baa3 senior unsecured ratings. The rating outlook was changed to negative from positive. Ratings Rationale "The equalization of Ocensa's ratings and...
(Energy Analytics Institute, Jared Yamin, 4.May.2016) – YPFB is planning activities in 86 exploration projects in 63 areas which will require an estimated investment of $2.4 billion, reported the daily...
(Energy Analytics Institute, Jared Yamin, 4.May.2016) – YPFB Corporation reported profits of $364.1 million in 2015, down 72 percent compared to $1,299.5 million in 2014, reported the daily newspaper La...
(Energy Analytics Institute, Jared Yamin, 4.May.2016) – With oil prices below $50 per barrel, YPFB plans investments of $12.681 billion during 2016-2020 under its Economic and Social Development Plan (PDES...
(Petrobras, 4.May.2016) – Petrobras has completed negotiations with the Southern Cross Group on the main terms and conditions for the sale of 100 percent of Petrobras Chile Distribución Ltda. (PCD),...
(By Ecopetrol S.A. 3.May.2016) – Ecopetrol S.A. announced Ecopetrol Group's financial results for the first quarter of 2016, prepared and filed in Colombian pesos (COP$) and under International Financial Reporting...
(Energy Analytics Institute, Jared Yamin, 1.May.2016) – Ten gasoline stations – which form part of Venezuela’s Exclusive and Special Service stations – are selling PDVSA’s 91 grade gasoline for 200...
(PDVSA, 29.Apr.2016) — PDVSA announced that payment of interest was made on April 28, 2016 to all holders of PDVSA Bonds maturing 2022 with an interest rate of 6 percent,...
(Harvest Natural Resources, Inc., 29.Apr.2016) — Harvest Natural Resources, Inc. announced that, on April 25, 2016, the New York Stock Exchange (NYSE) notified the company that it had fallen below...
(Karoon Gas Australia Ltd., 28.Apr.2016) – Karoon Gas Australia Ltd. provided an update on recent events relating to its 65 percent owned Santos Basin Blocks S-M-1037, 1101, 1102, 1165 &...
(Energy Analytics Institute, Piero Stewart, 28.Apr.2016) — PDVSA has started work on the heavy oil treatment plants at the joint-venture companies Petrolera Sinovensa and Petrocarabobo, located in the south of...
(Ecopetrol S.A., 27.Apr.2016) – Ecopetrol S.A. announced that in light of the current low crude oil price environment, and with the aim of protecting the company's cash flow and financial...
(Petrobras, 26.Apr.2016) – Petrobras declared that the new injunction granted by the Rio Federal Court has not suspended the sale of 49 percent of its interest in Gaspetro, but determined...
(Moody's, 21.Apr.2016) – Moody's Investors Service upgraded ratings of several companies with operations in Argentina, with the outlook changed to stable from positive. The rating actions on the companies' global...
(IFC, 21.Apr.2016) – International Finance Corp. (IFC), a member of the World Bank Group, and the ChinaMexico Fund (CMF), a $1.2 billion private equity fund managed by the IFC Asset...
(Pemex, 21.Apr.2016) – Pemex’s CEO, José Antonio González Anaya; Civil Protection National Coordinator from the Ministry of the Interior, Luis Felipe Puente, and Mexichem’s CEO, Antonio Carrillo, covered the Clorados...
(Pemex, 20.Apr.2016) – The current situation in the Clorados 3 Plant of Petroquímica Mexicana de Vinilo’s (PMV) in Coatzacoalcos, is under control and presents no risk to the population. This...
(Energy Analytics Institute, 19.Apr.2016, Clifford Fingers III) – EP PetroEcuador stands to gain the most from the recent workover to the Esmeraldas Refinery, reported the state company in an official...
(Pemex, 19.Apr.2016) – The Minister of Finance and Public Credit, Luis Videgaray, and the Pemex CEO José Antonio González Anaya, met in New York with investors, analysts, and executives of...
(Energy Analytics Institute, Jared Yamin, 14.Apr.2016) — A number of PDVSA workers have been banned from the company for corruption and more are under investigation for the same, announced the...
(Pemex, 13.Apr.2016) – Given the difficult situation of global low oil prices, Pemex faced a liquidity problem, while not a solvency one. In this context, Pemex continues to focus on...
(Petrobras, 10.Apr.2016) – Petrobras' oil and natural gas output in March reached 2.55 MMboe/d, including 2.36 MMboe/d produced in Brazil and 183,000 boe/d abroad. Average oil production in March was...
(Keppel Corporation Ltd. 7.Apr.2016) – Singapore's Keppel Corp. Ltd. announced that its unit Keppel Offshore & Marine Ltd. (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has...
(Searcher Seismic, 7.Apr.2016) – Searcher Seismic announced the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico. The seismic project, totaling approximately 6,834 square miles (17,700 square kilometers), is a...
(Gran Tierra Energy Inc., 6.Apr.2016) – Gran Tierra Energy Inc. announced, through one of its wholly owned subsidiaries, recently transacted Colombian peso (COP) hedges with two banks, providing additional stability...
(Gran Tierra Energy Inc., 6.Apr.2016) – Gran Tierra Energy Inc. announced that it has completed its previously announced offering of $100 million aggregate principal amount of 5.0% Convertible Senior Notes...
(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – EP PetroEcuador's three refineries -- Esmeraldas, La Libertad and Shushufindi -- had a combined processing capacity of 175,000 barrels per day at...
(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – Construction of the Pascuales-Cuenca product pipeline will allow EP PetroEcuador to develop a LPG transport and distribution system to supply the southern...
(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – EP PetroEcuador reported crude exports of 131.4 million barrels (MMbbls) in 2015, which generated revenues of $5,477 million, reported the state company...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Venezuela, which relies on hydroelectric energy to generate 62 percent of its electricity, could be overcome by power outages in coming months as...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Russia's Rosneft OAO and PDVSA signed an agreement for joint development of production, treatment and the sale of natural gas from the Mariscal...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Venezuela plans to immediately focus efforts on the exploitation and export of its massive gold resources located in Bolivar state in an attempt...
(Petrobras, 1.Apr.2016) – Petrobras launched a new Program to Encourage Voluntary Severance (PIDV), which will be open to all employees, regardless of their age or length of service at the...
(Energy Analytics Institute, 30.Mar.2016, Clifford Fingers III) – While Ecuador continues to seek financing from foreign investors looking to invest in the estimated $13 billion Pacific Refinery project, the country...
(Keppel FELS, 27.Mar.2016) – Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), delivered two jackup rigs to Mexican company, Grupo R....
(Reuters, 15.Mar.2016) — Far from the soy and cattle that dominate its vast fertile pampas, Argentina harbors another valuable commodity that is rocketing in price and demand and luring newly...
(Golar LNG, 4.Mar.2016) — Golar GenPower Brasil Participações S.A., a joint venture between LNG Power Limited (UK), a standalone non-recourse subsidiary of Golar LNG Limited and GenPower Participações S.A., announced...
(Statoil, 15.Feb.2016) — Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in...
(S&P Global Platts, 15.Feb.2016) — It was supposed to be the biggest investment ever in Ecuador: $12 billion for a 300,000 b/d refinery and a kick-start to industrialization with a...