[caption id="attachment_2909" align="alignnone" width="2700"] The Plasman family with MDA and Jim Cristman, CITGO Vice President of Refining, thank Diamond Sponsor Midwest Tankermen for their dedication to the golf outing and...
(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 S&P Global Platts Energy Analyst...
(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 of oil per day (bopd);...
(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 yesterday of Andrew Wheatley as...
https://www.stabroeknews.com/2018/opinion/letters/07/31/granger-govt-overwhelmed-by-enormity-of-tasks-in-oil-and-gas-sector/ (Stabroek News, 31.Jul.2018) – Dear Editor, The discovery of oil by ExxonMobil in 2015 has put Guyana on a trajectory to receiving significant revenues. A recent Bloomberg article pointed...
(Pampa Energía S.A., 31.Jul.2018) – Pampa Energía S.A. announced its electricity distribution subsidiary Empresa Distribuidora y Comercializadora Norte (‘Edenor’) agreed with the Ministry of Energy to differ 50% of the...
(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," though its Venezuela with the...
(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 they will consume the same...
(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 Salvador, Brazil, have recently signed...
(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 the project. https://www.energyvoice.com/oilandgas/178103/watch-equinor-peregrino-modules-sail-to-brazilian-platform/ The modules...
(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 in addition to those announced...
(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 that Tuesday's outage has left...
(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 latest being Longtail 1 –...
(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 that more than 4 billion...
https://www.insightcrime.org/news/analysis/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 international financial actors with laundering over a billion dollars stolen from the state-owned oil company,...
(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 billion) in the oil sector,...
(Kaieteur News, 30.Jul.2018) — Before any contract is signed with an oil operator, the government should require that it presents and obtains approval for contingency plans in the case of...
(Petrofac Limited, 30.Jul.2018) — Petrofac Limited signed an agreement to sell 49% of the Company’s operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited...
[caption id="attachment_2712" align="alignleft" width="300"] Source: Jamaica Observer[/caption] (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...
(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. The refinery, acquired last May...
(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 reserve report in late August...
(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 work in more than 8...
[caption id="attachment_2658" align="alignnone" width="950"] Oil field in Colombia. Source: Ecopetrol[/caption] (Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The South American country needs to boost investments from an projected $4.5 billion...
(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 and future home called The...
(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 a new medium-sweet grade that...
(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 pesos and an EBITDA margin...
[caption id="attachment_2762" align="alignnone" width="1484"] Oil pumpjacks are seen in Venezuela in May. (Isaac Urrutia/Reuters)[/caption] (Washington Post, Megan McArdle, 27.Jul.2018) – According to the International Monetary Fund, by the end of...
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The price of gasoline in Venezuela is likely to increase. For some services such as gasoline, there will be a relative increase in...
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – Hiking the price of gasoline in Venezuela won’t fix the OPEC country’s fiscal problem. That’s according to recent statements from an opposition leader....
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The continued decline in Venezuela’s oil production acts to squeeze the government of President Nicolas Maduro, says an Ecoanalitica executive. “The fall in...
(Energy Analytics Institute, Jared Yamin, 26.Jul.2018) – Different social organizations in the city of Trinidad, capital of Beni, staged a 24-hour civic strike to reject electricity rates, reported the daily...
[caption id="attachment_2644" align="alignnone" width="1257"] Southern Procurement Services (SPS) President Manuel Chinchilla (pictured right). Source: SPS[/caption] (Energy Analytics Institute, Piero Stewart, 26.Jul.2018) – Southern Procurement Services (SPS) expects production from the...
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – Advantage Lithium Corp. closes private placement. In the process, the company issued 15,585,956 common shares for aggregate gross proceeds to Advantage Lithium of...
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) – The board of Petrotrin has outlined a plan to reorganise and restructure the state oil company in a bid to make it...
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) – Atlantic CEO Dr Philip Mshelbila and BP’s vice president Group Process Safety Central Rob DiValerio have highlighted the central role of employees...
(Pemex, 26.Jul.2018) – The works will not affect the production goals established by Pemex for the current year Starting this Saturday, July 28th and until the 4th of August, Petróleos...
(Pemex, 26.Jul.2018) – Environmental protection and sustainability, the governing principles of the State-Owned Productive Company’s work The CEO of Petróleos Mexicanos, Carlos Treviño, inaugurated the 7th Environmental Conferences this morning...
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – Beta data from the EIA provide users with an interactive way to analyze multiple petroleum data. According to the most recent beta crude...
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – In two or three weeks, Bolivia expects to start work on an electrical transmission line that will allow it to export energy to...
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – Bolivia announced the international certification for the country’s lithium reserves in Salar de Uyuni will be delivered in December of 2018. The certification...
(BPTT, 25.Jul.2018) – BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next...
(Energy Analytics Institute, Piero Stewart, 25.Jul.2018) – PDVSA has been converted into ‘junk or scraps’ by the administration of the current Venezuelan president. That’s according to statements from Venezuelan opposition...
(The Geological Society, 25.Jul.2018) – The Gulf of Mexico is a world class prolific hydrocarbon system. As a result of recent energy reform the Mexican sector of this basin has...
(ExxonMobil, 23.Jul.2018 ) – ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced...
(Pemex, 24.Jul.2018) – The spread published last night by the company Oro Negro seeks to compensate for a series of strategic mistakes made by that company In connection with the...
[caption id="attachment_2617" align="alignnone" width="990"] Orlando Velandia, head of Colombia's National Hydrocarbons Agency (ANH), speaks to Reuters in Bogota, Colombia July 23, 2018. REUTERS/Carlos Julio Martinez[/caption] (Reuters, Luis Jaime Acosta, 24.Jul.2018)...
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) – It has been 11 years and the 7,000 direct and indirect Venezuelan workers of US oil company Exxon Mobil still haven’t received their...
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) – Representatives from trade unions from the oil, electricity, food, education and health sectors announced plans to join a national strike called by opposition...
[caption id="attachment_2588" align="alignleft" width="300"] Iván Freites (center) speaks during press conference in Venezuela. Source: El Nacional[/caption] (Energy Analytics Institute, Piero Stewart, 23.Jul.2018) – The four workers are being held in...
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) – It's said a picture paints a thousand words. This one paints 8.9 billion. From 1908 to 2017, Trinidad and Tobago (T&T) has produced...
(Bloomberg, Andrew Rosati, 23.Jul.2018) – Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing...
(OilPrice.com, Julianne Geiger, 23.Jul.2018) – Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross...
(UPI, Daniel J. Graeber, 23.Jul.2018) – The size of a reservoir off the coast of Guyana is "massive," the CEO of Hess Corp. said Monday after a multi-million barrel revision...
(Energy Analytics Institute, Ian Silverman, 14.Jul.2018) – Glencore Ltd won a recent EP PetroEcuador spot auction, which guarantees the Ecuadorian entity income of $279.3 million. The Swiss company offered the...
(Energy Analytics Institute, Ian Silverman, 23.Jul.2018) – Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to drill the Mayaya Centro (MYC-X1) stratigraphic investigative well in 2019 with an...
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) – Uruguay is one of the countries in the Latin American region with one of the highest connection of residents to a national energy...
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) – Venezuela’s thermal generation plants in Caracas are only operating at 25% to 30% of capacity, and units 7, 8 and 9 of the...
(Trinidad Guardian, 21.Jul.2018) – Atlantic CEO Dr Philip Mshelbila and Rob DiValerio, BP’s Vice President—Group Process Safety Central, have highlighted the central role of employees in the systems that protect...
(AP, 20.Jul.2018) – A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty on Monday to money laundering conspiracy relating to an alleged multibillion-dollar graft scheme in...
(Jamaica Gleaner, Avia Collinder, 20.Jul.2018) – The LNG gas station to be developed by New Energy Fortress will have the capacity to fuel 25 buses daily, or five times the...
(Reuters, 20.Jul.2018) – Brazil’s state-controlled oil company Petróleo Brasileiro SA said that areas it operates adjacent to the Entorno de Sapinhoá block in the Santos basin are commercially viable, according...
(Power Technology, 20.Jul.2018) – Global independent solar power producer Sonnedix has acquired a 138MW Meseta de Los Andes project in Chile, as part of its move to expand its renewable...
[caption id="attachment_2501" align="alignnone" width="1885"] Guyana fishermen make their way home to the coastal community of Clonbrook at the end of another day at sea. Guyana is one of the poorest...
(Trinidad and Tobago Newsday, Richardson Dhalai, 19.Jul.2018) – Former attorney general Ramesh Lawrence Maharaj, SC, is questioning why the National Gas Company (NGC) is continuing legal action against SIS and...
(Trinidad Guardian, 19.Jul.2018) – Petrotrin chairman Wilfred Espinet said cost reduction initiatives undertaken by the interim executive team installed at the energy company resulted in a second quarter profit after...
(AP, 19.Jul.2018) – Puerto Rico's governor named a new CEO on Wednesday to lead the US territory's power company, which has now seen three top executives in two weeks as...
(Frontera Energy Corporation, 19.Jul.2018) – Frontera Energy Corporation announces that its second quarter 2018 results will be released after market on Thursday, August 2, 2018 followed by a conference call...
(AP, Michael Weissenstein and Danica Coto, 19.Jul.2018) – Ten months after Hurricane Maria destroyed Puerto Rico’s electric grid, the local agency responsible for rebuilding it is in chaos and more...
(Reuters, 19.Jul.2018) – Argentina’s electricity generators will be able to begin bidding for their natural gas supply beginning in August, President Mauricio Macri said, as the country gradually moves away...
(Reuters, Dave Graham and Ana Isabel Martinez, 19.Jul.2018) – A decision to delay Mexican oil auctions until after the next president takes office does not augur well for opening the...
(Trinidad and Tobago Newsday, Sean Douglas, 19.Jul.2018) – BHP Billiton's new gas-find 200 kilometres off the Mayaro coast is due to tax-breaks for exploration given by the former UNC government,...
(Trinidad Express, Aleem Khan, 18.Jul.2018) – Australia’s BHP Billiton found new gas offshore Trinidad, the company confirmed in a statement yesterday. “In Trinidad and Tobago, following the gas discovery at...
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) – Vancouver, British Columbia-based Advantage Lithium Corp. arranged a private placement of 15,585,000 common shares of Advantage Lithium at a price of $0.77 per...
(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) – The risk-rating agency Moody's increased the baseline credit assessment (BCA) two notches, to ba1 from ba3 for Colombia’s state oil company. The agency...
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) – Non-petroleum exports from the South American country rose to $5,484 million from January to May of 2018 compared to $5,149 million in the...