(Energy Analytics Institute, Ian Silverman, 31.May.2018) – The partnership Saipem S.P.A / Saimexicana S.A. de C.V won the bid to rehabilitate the H-Oil Plant at the Miguel Hidalgo refinery. Mexico’s...
(Energy Analytics Institute, Ian Silverman, 31.May.2018) – Former Trinidad and Tobago Energy Minister Kevin Ramnarine will speak in Port of Spain about the regional deepwater industry in the Southern Caribbean....
(Efe, 30.May.2018) – Brazilian oil workers defied a court order on Wednesday by launching a three-day strike affecting oil refineries. The FUP, a federation that assembles most of Brazil’s oil...
(Energy Analytics Institute, Aaron Simonsky, 30.May.2018) ‐- Kosmos Energy, Chevron Corporation and Hess Corporation are close to finalizing prospects tests in Block 42 in Suriname. The three companies are finalizing...
(Anthony Venezia, Energy Intelligence, 30.May.2018) -- The political and economic crisis afflicting Venezuela typically makes international headlines in connection with the possibility of sanctions being imposed on Caracas by the...
(Reuters, Marc Frank, 30.Apr.2018) -- French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired...
(Energy Analytics Institute, Piero Stewart, 30.May.2018) – Fuel smuggling from countries neighbouring Guyana is a major issue. The small South American country has developed the Fuel Marking Programme to address...
(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- Spain’s Gas Natural Fenosa is finally exiting Colombia. The company sold 15.46 million shares, representing the remaining 41.89% interest in gas distributor Gas...
(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- South America’s Ecuador is producing 522,372 barrels per day. Total crude oil production from the small OPEC member nation was 522,372 barrels per...
(Reuters, 28.May.2018) -- India said on Monday it had no plans to use Venezuela's local cryptocurrency 'petro' in oil trade with the Latin American nation, which is facing sanctions from...
(Energy Analytics Institute, 28.May.2018) -- Venezuela’s upstream, downstream and midstream sectors remain attractive, yet unattractive to investors. Why the contradiction? The three sectors remain highly attractive due to the fact...
(Energy Analytics Institute, Jared Yamin, 28.May.2018) ‐- Ecopetrol plans to invest a total of COL$94.5 billion Colombian pesos on infrastructure and education. The funds for the seven projects will come...
(AP, 27.May.2018) – Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist...
(Energy Analytics Institute, Jared Yamin, 27.May.2018) ‐- Thefts of elements from producing wells coupled with infrastructure sabotage at the Tibú field in the municipality by the same name in Northern...
(Energy Analytics Institute, Ian Silverman, 26.May.2018) – Canacol Energy Ltd., the exploration and production company with operations focused in Colombia, announced its Annual General Meeting of Shareholders will be held...
(Energy Analytics Institute, Piero Stewart, 25.May.2018) ‐- Venezuela’s state oil company Petróleos de Venezuela owes an estimated $1 billion to its partners in the Cardón IV natural gas project offshore....
(Energy Analytics Institute, Jared Yamin, 25.May.2018) – The International Monetary Fund (IMF) approved a new two-year flexible credit line with Colombia for nearly $11.4 billion. The new credit replaces the former...
(Pampa Energía S.A., 24.May.2018) – Pampa Energía S.A. inaugurated its first Wind Farm named Engineer Mario Cebreiro (‘PEMC’), which given the technology and size, it is also the first project...
(Amsterdam News, Bert Wilkinson, 24.May.2018) – Jamaica is fancying its chances of becoming the latest Caribbean Community nation after Guyana to find commercial quantities of oil and gas in the...
(LoopTT, 24.May.2018) – Moody's Investors Service is projecting an Energy Sector-led rebound in growth to support the fiscal trajectory. On Wednesday, Moody's upgraded Trinidad and Tobago's Trinidad Drilling Ltd.'s (Trinidad) Corporate Family Rating...
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Ecopetrol and Talisman Colombia Oil & Gas (TCOG), a company of Repsol group, plan to initiate drilling of new production wells in late...
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Canacol Energy Ltd. announced it has mobilized a rig to drill the Borojo 1 exploration well. Located on the 100% operated Esperanza E&E...
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Colombia’s state oil company Ecopetrol announced plans to make social investments of 1.3 billion Colombian pesos in Meta department, where the company and...
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known as “NRG ED.” NRG ED...
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) – Venezuela’s reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 billion barrels and production of...
(Energy Analytics Institute, Jared Yamin, 24.May.2018) – Canacol Energy Ltd. announced results of the Breva 1 natural gas exploration well located on its 100% operated VIM 21 block in the...
(Reuters, Tatiana Bautzer & Carolina Mandl, 24.May.2018) – A surprise decision by Brazil's state-controlled oil company Petroleo Brasileiro SA to cut diesel prices in response to truckers' protests is worrying...
(Argus Media, 23.May.2018) – Global commodity price reporting and news agency Argus has been awarded first place for its coverage of Mexican energy markets, in an annual competition arranged by...
(Reuters, Marco Aquino & Mitra Taj, 23.May.2018) -- The government of Peruvian President Martin Vizcarra canceled his predecessor's decision to award five offshore oil contracts to London-based Tullow Oil PLC...
(Reuters, 23.May.2018) - Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said on Tuesday, acquiring 50...
(By Rodolfo Guzman, Paola Perez, Paola Carvajal, Roberto Imperatore, Arthur D. Little, 22.May 2018) – Unconventional oil production has grown these past few years despite low oil prices since 2014....
(By Trinidad Express, Aleem Khan, 22.May.2018) -- BPTT’s standardized measure of discounted future net cash flows for 2017 was updated to US$3.3 billion in the company’s annual report released earlier...
(Bloomberg, Amy Stillman, 22.May.2018) – Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos Mexicanos. Jaguar Exploracion y Produccion...
(Energy Analytics Institute, Aaron Simonsky, 21.May.2018) – Colombia’s state oil company Ecopetrol announced that it has controlled a fire at the HDT plant of the Barrancabermeja refinery. No injuries were...
(InterFax, 18.May.2018) – Jerome Dookie, the chief executive of Trinidadian ammonia producer Caribbean Nitrogen Co. (CNC), said on Wednesday that gas supply disruptions have made Trinidad and Tobago a less...
(Platts, 18.May.2018) -- Ahead of Sunday's presidential election in Venezuela, Risa Grais-Targow, director-Latin America, at the Eurasia Group, spoke to S&P Global Platts about the expected US response, the impact...
(Energy Analytics Institute, Aaron Simonsky, 18.May.2018) – Venezuela’s oil production continues to fall, and further declines are anticipated due to a number of problems at state oil company PDVSA, according...
(By Trinidad Express, Aleem Khan, 18.May.2018) -- Royal Dutch Shell’s Derek Hudson, local country chair of the world’s second largest oil and gas company, said Trinidad and Tobago has ‘only...
(Energy Analytics Institute, Ian Silverman, 17.May.2018) – The Finance Director of London-based President Energy plc, Rob Shepherd, made the comments during a televised interview with Proactive Investors about the company’s...
[caption id="attachment_609" align="alignnone" width="800"] PDVSA officials visiting Bachaquero along the Eastern Coast of Lake Maracaibo. Source: PDVSA[/caption] (Energy Analytics Institute, Aaron Simonsky, 17.May.2018) -- PDVSA officials Executive Vice President Ysmel...
(By Trinidad Express, 17.May.2018) -- The CEO of ammonia producer Caribbean Nitrogen Company (CNC), Jerome Dookie, said yesterday that problems with natural gas supplies have made T&T a less attractive...
(Canacol Energy Ltd., 16.May.2018) – Canacol Energy Ltd. announced plans to divest of non-core Colombian conventional oil assets, among other management objectives for 2018. These objectives include: 1) sell an...
(Canacol Energy Ltd., 15.May.2018) – Canacol Energy Ltd. reported its financial and operating results for the three months ended March 31, 2018. “The first quarter of 2018 was an important...
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s Ayacucho Block is one of four that comprise the Hugo Chavez Orinoco Heavy Oil Belt, also known as the Faja. Collectively, the...
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) is bankrupt, at least that what its former president Luis Giusti thinks. “If you...
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – PDVSA inaugurated the 175 megawatt TG1 turbo-generating unit of the Juan Manuel Valdez Thermoelectric Plant located within the CIGMA industrial complex in Güiria,...
(Energy Analytics Institute, Aaron Simonsky, 14.May.2018) – Colombia's natural gas reserve life ratio rose 13.6% year-over-year. Colombia’s Mines Ministry said the South American country had boosted its natural gas reserve...
(Reuters, 13.May.2018) – A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela's state oil company PDVSA due to the 2007 nationalization of the...
(World Bank, 11.May.2018) – How do you turn on a light at night when you’ve left the power grid far, far behind? In Bolivia, the solution is solar power. This...
(Trinidad and Tobago’s Newsday, Richardson Dhalai, 10.May.2018) — Trinidad and Tobago has been involved in the petroleum sector for over 100 years and is the largest oil and natural gas...
(Energy Analytics Institute, Aaron Simonsky, 8.May.2018) – Venezuela’s Oil Minister and PDVSA President Manuel Quevedo traveled to Maturín to meet with representatives from companies that provide services to PDVSA’s Eastern...
[caption id="attachment_714" align="alignnone" width="935"] Henri Falcon with Bocaranda. Source: Bocaranda.[/caption] (Energy Analytics Institute, Piero Stewart, 7.May.2018) – Venezuela’s opposition presidential candidate Henri Falcon said changes need to be made at...
(Energy Analytics Institute, Aaron Simonsky, 6.May.2018) – Venezuela published its Official Gazette No. 41,389 on 3 May 3 2018 which detailed Decree No. 3398 and the naming of the Board...
(Energy Analytics Institute, Jared Yamin, 5.May.2018) – Bolivia plans to construct a gas liquefaction plant in the Peruvian port of Ilo in order to consolidate LNG exports. The decision, announced...
(PDVSA, 5.May.2018) – People's Minister of Petroleum and President of Petroleos de Venezuela SA (PDVSA), Manuel Quevedo, held a strategic meeting with oil business leaders in the Ayacucho Division of...
(Efe, 4.May.2018) – Bolivia announced on Friday it was halting plans to spend $683 million on natural gas exploration work in an area of the southern province of Tarija due...
(Energy Analytics Institute, Jared Yamin, 4.May.2018) – Peru’s President Martin Vizcarra announced his government plans to review all petroleum exploration contracts awarded in the country. His comments come as artisan...
(Reuters, 4.May.2018) – Ecopetrol, Colombia's state-run oil company, said on Thursday that its first quarter net profit rose to 2.6 trillion pesos ($923.3 million), up 195 percent from the same...
(Reuters, 3.May.2018) – Colombia said on Wednesday its oil reserves were up 7 percent to 1.78 billion barrels at the end of last year, as exploration, production and investment recovered...
(Energy Analytics Institute, Aaron Simonsky, 3.May.2018) – Mexico’s state oil company PEMEX is seeking partners for land grouped into seven onshore areas containing light and super light crude oil as...
(Energy Analytics Institute, Jared Yamin, 3.May.2018) – Bolivia’s Yacimientos de Litio Bolivianos (YLB) selected ACI Systems GmbH as its partner to create a joint venture company in charge of industrialization...
[caption id="attachment_737" align="alignnone" width="571"] In Tumaco. Source: Ecopetrol[/caption] (Energy Analytics Institute, Jared Yamin, 2.May.2018) – Colombia’s Ecopetrol published a brief update on emergency operations in Tumaco. In the area there...
(BPTT, 1.May.2018) – Mrs. Claire Fitzpatrick has been appointed as Regional President of BP Trinidad and Tobago (BPTT). In this role, Mrs. Fitzpatrick will be accountable for BPTT’s performance and...
(Energy Analytics Institute, Piero Stewart, 1.May.2018) – A brief look at Venezuela’s oil sector glory days. Will they return? https://youtu.be/22pUoLvYcko
(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is now reliant on imported gas...
(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its tax laws to increase its...
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic...