Clean Energy Leader Costa Rica Turns Attention to Electric Cars
(AFP, 31.Dec.2018) — Costa Rica likes to advertise itself as an ecological paradise, where more than 98 percent of its electricity needs are met by clean energy. But in the...
Cosan Limited Announces Preliminary Results Of Its Tender Offer
(Cosan Limited, 31.Dec.2018) — Cosan Limited announced preliminary results of its tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices...
LatAmNRG Briefs: Colombia Auction, YPFB Reserves, Venezuela Oil Output Collapse
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on Colombia’s first long-term power auction; the reach of Bolivia’s natural gas reserves;...
LatAmNRG Briefs: Pampa Energia Oil Find, Pemex To Distribute DUBA
(Energy Analytics Institute, Aaron Simonsky, Piero Stewart, and Jared Yamin, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on complaints from oil executives in Argentina over constant changes at...
Mexico’s Renewed Focus On Oil And Natural Gas
(Forbes, Jude Clemente, 30.Dec.2018) — Mexico’s new President Andrés Manuel López Obrador(AMLO) took office on December 1 and will serve one six-year term. It was the largest landslide in Mexico’s...
Mexican President Calls Fuel Theft An Inside Job
(AP, 30.Dec.2018) — The theft of US$3 billion in fuel every year from Mexico’s state-run fuel depots and pipelines is an inside job, the country’s new president said Thursday. President...
Argentina’s Energy Chief Quits Ahead Of 2019 Utility Price Hikes
(Reuters, 29.Dec.2018) — Argentina’s energy secretary resigned on Friday, the government said in a statement, less than 24 hours after news leaked that the administration of President Mauricio Macri plans...
Argentina Appoints Gustavo Lopetegui As New Energy Secretary
(Energy Analytics Institute, Aaron Simonsky, 28.Dec.2018) — Argentina’s Ministry of Finance announced appointment of Gustavo Lopetegui as the country’s new Energy Secretary. Lopetegui replaces Javier Iguacel, who resigned, Argentina’s Energy...
Argentina’s Oil Growth May Take Hit From Political Uncertainty
(S&P Global Platts, 28.Dec.2018) — Argentina has set a target of doubling its oil and natural gas production over the next five years but analysts and executives warned that it...
Pemex Conducts Maintenance At Poza Rica Well #293
(Energy Analytics Institute, Jared Yamin, 31.Dec.2018) — Petróleos Mexicanos conducted maintenance at the Poza Rica Gas Processing Complex (CPG) from Dec. 29 to 31, the company announced in an official...
Argentina Plans 35% Electricity Price Hike Next Year
(Reuters, Eliana Raszewski, 27.Dec.2018) — Argentina plans to raise electricity prices by an average 35 percent nationwide next year, government sources directly familiar with the matter said on Thursday. Higher...
Bogotá Selects Sweden’s Scania For Delivery Of 741 Gas Buses
(Scania, 28.Dec.2018) — In November, TransMilenio in Bogotá, selected Scania to deliver 481 Scania Euro 6 gas buses – the cleanest and most silent buses on the market. In the...
Shell Says Output From 3 Vaca Muerta Projects To Reach 70 Kboe/d By 2025
(Shell, 27.Dec.2018) — Oil & Gas Development Ltd S.A. (Shell Argentina) announced the decision to move into the development phase of the Sierras Blancas, Cruz de Lorena and Coiron Amargo...
Ecopetrol Reports Redemption Of $1.5 Bln Int’l Bond Issued In 2009
(Ecopetrol, 27.Dec.2018) — Ecopetrol S.A. redeemed in advance the entire ten-year international bond issued in 2009, as it was announced in a press release on November 27, 2018. Consistent with...
Amerisur Announces Resignation Of Board Member
(Energy Analytics Institute, Ian Silverman, 27.Dec.2018) — Amerisur Resources Plc announced Stephen Foss will step down from the Board in order to pursue other executive business interests at an established...
PetroEcuador Awards Spot Sale To Tesoro Refining
(Energy Analytics Institute, Piero Stewart, 27.Dec.2018) — Petroecuador completed its fourth spot market sale of crude oil in 2018, with the export of 1,080,000 barrels of Oriente crude of 24-degree...
Venezuela: A Real Threat To Guyana’s Oil Boom
(Oilprice.com, Nick Cunningham, 27.Dec.2018) — Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A...
EXMAR’s Tango FLNG Sets Sail For Bahia Blanca, Argentina
(EXMAR, 27.Dec.2018) — EXMAR announced its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina. Tango...
Shell To Launch Major Project In Argentina’s Vaca Muerta Shale Play In 2019
(S&P Global Platts, 27.Dec.2018) — Shell plans to start a full-scale development project in Vaca Muerta next year, betting on the shale play to ramp up oil and natural gas...
Shell To Start Major Project In Argentina’s Vaca Muerta
(SeekingAlpha, Carl Surran, 27.Dec.2018) — Royal Dutch Shell says it plans to begin development of unconventional oilfields in Argentina's Vaca Muerta basin, one of the world's biggest shale plays, aiming...
Petrobras Board Approves Diesel Pricing Policy Mechanism
(Petrobras, 27.Dec.2018) — Petrobras, in addition to the material facts disclosed on 10/14/2016 and 06/30/17, informs that its Executive Board approved, yesterday, a complementary protection mechanism, aiming to give additional...
Petrobras’ Oil And Gas Output Reaches 2.62 MMboe/d In November 2018
(Petrobras, 27.Dec.2018) — Petrobras announced that in November its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed),...
Course For Officials From Suriname, Trinidad, Mexico And Cuba
(ARPEL, 27.Dec.2018) — During October and November, various training courses on ARPEL Oil Spill Response Planning and Readiness Assessment Manual and the tool RETOS® (Readiness Evaluation/Excel Tool for Oil Spills)...
Oil Output Goes AWOL In Venezuela As Soldiers Run PDVSA
(Reuters, Alexandra Ulmer and Marianna Parraga, 26.Dec.2018) — Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in...
Bladex Acts As Joint Lead Arranger Of $75 Mln Loan for YPF Energía Eléctrica
(Bladex, 26.Dec.2018) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announced the recent closing of a $75 million, senior unsecured, amortizing 3-year term loan facility in favor of YPF Energía...
Petrobras Provides Details Of Registration Of Debentures Public Offering
(Petrobras, 26.Dec.2018) — Petrobras, further to the Material Fact published on December 18, 2018, hereby informs that it submitted to the CVM, on this date, the request for registration of...
ExxonMobil Issues Statement On Activities In Guyana
(ExxonMobil, 26.Dec.2018) — ExxonMobil said today that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday. Two vessels operated by Petroleum Geo-Services...
LatAmNRG Briefs: Shell Argentina, YPFB Polypropylene Project, Maduro Blames Colombia
(Energy Analytics Institute, Aaron Simonsky, Ian Silverman, and Piero Stewart, 26.Dec.2018) — Heard on the street and LatAmNRG briefs on Shell Argentina’s Vaca Muerta plans; YPFB to double purchases of...
Shares Of Goldman Sachs Down On Venezuela, Says Borges
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Shares of Goldman Sachs shares have fallen 30% due to the investment firm’s decision to finance the Venezuelan government, reported online media El...
Venezuela Calls U.S. Comments On Guyana Dispute ‘Interventionist’
(Reuters, 25.Dec.2018) — Venezuela’s foreign ministry on Tuesday described as “interventionist and disrespectful” U.S. comments on a weekend incident in which the country’s navy stopped two ships exploring for oil...
MPC Caribbean Clean Energy Raises $11 Million From IPO
(MPC, 25.Dec.2018) — MPC Caribbean Clean Energy Ltd has raised US$11 million from its initial public offering (IPO) on the Jamaica and Trinidad & Tobago stock exchanges. The offering opened...
Rowan Announces Trinidad And Guyana Contract For Ralph Coffman
(Energy Analytics Institute, Piero Stewart, 24.Dec.2018) — Rowan Companies plc, a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating...
Rowan Announces Trinidad Contract For Joe Douglas
(Energy Analytics Institute, Piero Stewart, 24.Dec.2018) — Rowan Companies plc, with a fleet that operates worldwide, including the U.S. Gulf of Mexico, the UK and Norwegian sectors of the North...
ExxonMobil Faces Off With Venezuela’s Navy
(Oilprice.com, Irina Slav, 24.Dec.2018) — Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels...
Exxon Quiet About Guyana Plans After Venezuela Dispute
(Reuters, 24.Dec.2018) — Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume...
Don’t Blame Renewables, JPS Told
(Jamaica Observer, Garfield Myers, 24.Dec.2018) — A leading executive in the renewable energy sector is urging electricity provider Jamaica Public Service Company (JPS) to stay focused on improving efficiency and...
Shell Brasil Signs MOU With Bolivia’s YPFB
(Energy Analytics Institute, Ian Silverman, 23.Dec.2018) — Shell Brasil signed a Memorandum of Understanding (MOU) with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) related to the commercialization of Bolivian natural gas in...
Pemex Says Illegal Pipeline Connections Up 45% YOY
(Energy Analytics Institute, Jared Yamin, 22.Dec.2018) — Clandestine pipeline connections between January and October of 2018 rose 45% to 12,581 compared to 8,664 in the same period last year, and...
PetroPerú Says Joint Effort Needed To Protect North Peruvian Pipeline
(PetroPerú, 22.Dec.2018) — Given the statement of various indigenous organizations about the recent attack on Km. 193 of the North Peruvian Pipeline (ONP), PetroPerú states the following: PetroPerú carries out...
Kosmos Announces FID For Phase 1 Of LNG Project
(Kosmos, 21.Dec.2018) — Kosmos Energy and its partners announced today that a Final Investment Decision (FID) for Phase 1 of the Greater Tortue Ahmeyim project has been agreed. The decision...
LatAmNRG Briefs: YPFB Value, UTE And RAFISA Distribution
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on YPFB’s estimated value after nationalization; a potential nitrogen, phosphorus and potassium plant...
Echo Energy Updates On AIM Rule 17 Disclosure
(Echo Energy, 21.Dec.2018) — Echo Energy announces, further to its announcement of 2 November 2018, that Gavin Graham, a non-executive director of the company, was formerly, in the five years...
Petrobras Updates On Election Of New CEO, Administrative Changes
(Petrobras, 21.Dec.2018) — Petrobras informs that its Board of Directors approved the dismissal, on 12/31/2018, of Mr. Ivan de Souza Monteiro of the position of the company’s CEO. In view...
LatAmNRG Briefs: Maurel & Prom Venezuela, Argentina Renewables, Ecopetrol Pre-Salt, Guyana Governance
(Energy Analytics Institute, Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on Argentina’s renewable energy sector, Maurel & Prom’s acquisition of Shell’s interest in the Urdaneta West...
Argentina’s Genneia Switches On 100 MW Of Solar, Wind Parks
(Renewables Now, 21.Dec.2018) — Argentine thermal and renewable energy group Genneia SA has switched on 100 MW of renewable power plants, the Ministry of Energy and Mines announced on Thursday....
Petrobras Suspends Oil And Refined Products Trading With Vitol
(Reuters, 20.Dec.2018) — Brazil’s state-controlled oil firm Petroleo Brasileiro SA has suspended oil and refined products trading with Vitol, the company said in a statement to Reuters. Petrobras, as the...
New Fortress Completes Offshore LNG Terminal
(Jamaica Gleaner, Steven Jackson, 21.Dec.2018) — Natural gas supplier New Fortress Energy has erected its new floating regasification vessel called the Golar Freeze offshore Old Harbour, under a long-term deal...
Bolivia’s YPFB And Brazil’s Ambar Energía Ink MOU
(Energy Analytics Institute, Aaron Simonsky, 21.Dec.2018) — Executives with Bolivia's Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and Brazil’s Ambar Energía signed a Memorandum of Understanding to execute projects for the supply...
Petrobras And Total Move Forward With Strategic Partnership
(Petrobras, 21.Dec.2018) — Petrobras reports that yesterday it signed with the French company Total new documents related to the strategic partnership between the two companies announced on 03/01/2017. In the...
Ecopetrol Expands Presence In Brazil’s Pre-Salt With Deal With Shell And Chevron
(Ecopetrol, 21.Dec.2018) — Ecopetrol S.A. closed a deal with companies of the Shell and Chevron groups, which will allow it to expand its stake in Brazil’s Pre-Salt Region. The agreement...
PDVSA Intevep And Hartung Hermanos Sucesores Sign LOI
(Energy Analytics Institute, Piero Stewart, 20.Dec.2018) — PDVSA Intevep and Hartung Hermanos Sucesores, C.A. signed a Letter Of Intent (LOI) with the aim to implement technology that will assist in...
Pan American Announces Garayalde Wind Farm Start-Up
(Energy Analytics Institute, Aaron Simonsky, 20.Dec.2018) — Pan American Energy’s (PAE) first renewable energy market development, the Garayalde Wind Farm located in the province of Chubut about 200 km from...
France’s Maurel & Prom Buys Interest In Shell Field In Venezuela
(Maurel & Prom, 20.Dec.2018) — Etablissements Maurel & Prom announced in the press release published on 12 October 2018 the signature of a Share Sale and Purchase Agreement (the “SSPA”)...
ExxonMobil Named Large Cap Co., And Explorer Of The Year
(Energy Analytics Institute, Jared Yamin, 20.Dec.2018) — ExxonMobil was named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in...
ExxonMobil Recaps Events In Guyana, Mexico, And Brazil
(Energy Analytics Institute, Jared Yamin, 20.Dec.2018) — Irving, Texas-based ExxonMobil announced a recap of some of its most important activities during the year in the Latin America and Caribbean region,...
IEA Head: U.S. Oil Production To Rise, Venezuela To Fall Further
(Oilprice.com, Tsvetana Paraskova, 20.Dec.2018) — U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the...
Greenidge Defends Spending Big On Settling Guyana’s Border Rows
(DemeraraWaves, Denis Chabrol, 20.Dec.2018) ) — Guyana has spent GYD$780 million (US$3.7 million) from the US$18 million signing bonus from ExxonMobil on legal fees for the settlement of the border...
Petrobras Announces Early Tender Results, Settlement For Cash Tender Offers
(Petrobras, 20.Dec.2018) — Petrobras announced early results of its previously announced debt tender offers. As of 5:00 p.m., New York City time, on December 19, 2018 (the “Early Tender Deadline”)...
Petrobras Offers Clarification On The Divestment Program
(Petrobras, 20.Dec.2018) — Petrobras, in relation to the news published in the media on the injunction rendered on December 19, 2018 by Minister Marco Aurélio Mello, in a declaratory action...
Petrobras Announces Prepayment Of Bank Debts, New Financing
(Petrobras, 20.Dec.2018) — Petrobras announced that in December it pre-paid bank debts and contracted new financing, according to the tables below. The operations are in line with the company's liability...
Mexico Aims To Boost Crude Output
(AP, 19.Dec.2018) — Mexican President Andres Manuel Lopez Obrador detailed plans Saturday to “rescue” the national oil industry by boosting crude production at the state-owned oil company by 45 per...
Atlas Renewable Energy Wins Bonds & Loans LatAm Award
(Atlas, 19.Dec.2018) — Atlas Renewable Energy has won one of the Bonds & Loans Latin America Awards 2019, in the category of Structured Bond Deal of the Year. Following more...
Enel Generación Chile To Apply For Delisting Of Its ADSs From NYSE
(Enel Generación Chile, 19.Dec.2018) — ENEL GENERACIÓN CHILE S.A. announced that its Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares (ADSs) from The New...
SC Caprock Extends Relationship With Supermajor In Brazil
(Speedcast, 19.Dec.2018) — Speedcast International Limited announced its Brazilian entity SC Caprock has extended its relationship with one of its leading global Energy customers, with a new multi-year contract extension...
Petroecuador Inks Deal With Amerisur Colombia
(Energy Analytics Institute, Piero Stewart, 19.Dec.2018) — Ecuador’s state oil company Petroecuador and Amerisur Exploración Colombia Limitada signed a contract for the transport of Colombia crude through the SOTE, from...
Quevedo, A General With No Experience, Is Now OPEC’s President
(S&P Global Platts, 19.Dec.2018) — OPEC enters a pivotal third year of production cuts in a volatile oil market with its least experienced minister at the helm. Venezuela’s Manuel Quevedo,...
Colombia Names Minister Of Mines And Energy
(Colombia’s Ministry of Mines and Energy, 18.Dec.2018) — María Fernanda Suárez Londoño is a Business Administrator from the College of Superior Studies in Management (CESA) and has a Master's Degree...
Pampa Energía Joins Corporate Governance Plus Panel
(Pampa, 18.Dec.2018) — Pampa Energía S.A. joined the special stocks quote panel called ‘Corporate Governance Plus’ (the +GC Panel) launched by Bolsas y Mercados Argentinos S.A. (ByMA). Pampa is one...
Petrobras Board Approves New Pension Plan Petros 3
(Petrobras, 18.Dec.2018) — Petrobras announced its Board of Directors approved in a meeting held today, to submit for the analysis of the Secretariat for the Coordination and Governance of State-Owned...
Newsy Documentary: Blowout
(The E.W. Scripps Company, 18.Dec.2018) — A new American fossil fuel boom is ushering in an onslaught of health and climate problems from West Texas to Bangladesh, according to a...
LatAmNRG Briefs: BPTT, President Energy, Sempra Energy
(Energy Analytics Institute, Ian Silverman, 18.Dec.2018) — Heard on the street and other LatAmNRG briefs from BPTT and its sanction for two new gas developments in Trinidad, President Energy’s success...
Petrobras Approves Payment Of Interest On Capital
(Petrobras, 18.Dec.2018) — Petrobras reports that its Board of Directors approved in a meeting held today, the advance distribution of earnings to shareholders as Interest on Capital (IOC), as defined...
Petrobras Announces Debentures Public Offering
(Petrobras, 18.Dec.2018) — Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil (CVM), hereby informs that...
Rowan Awarded Contract With CGX Resources In Guyana
(Rowan, 18.Dec.2018) — Rowan Companies plc announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for...
Colombia Cancels 2 Oil Exploration Auctions, To Relaunch In 2019
(Reuters, 18.Dec.2018) — Colombia has canceled two auctions of rights to explore for oil in dozens of areas of the Andean nation and plans to relaunch bidding early next year,...