(Seeking Alpha, George Kaplan, 19.Oct.2018) — Brazil and Petrobras show something in common with US LTO: even with a lot of debt and desire, and a strong resource base, it...
(Reuters, 19.Oct.2018) — Mexico’s peso currency reversed gains on Friday to fall 1 percent, hitting its lowest level in five weeks after a report by ratings agency Fitch on national...
(Petrobras, 19.Oct.2018) — Petrobras announced Mr. Christian Alejandro Queipo presented his resignation from the position as member of the company’s Board of Directors, for personal reasons. As a member representing...
(Petrobras, 19.Oct.2018) — Petrobras will release its 2018 third quarter results on November 6, 2018, before the market opens. Therefore, between Oct. 22, 2018 and Nov. 6, 2018, the company...
(TeleSur, 19.Oct.2018) — The spill is the largest ever registered in the region of Tierra del Fuego. In the southernmost region of Tierra del Fuego in Chile, an oil spill...
(Energy Analytics Institute, Ian Silverman, 19.Oct.2018) — YPF personnel conducted operations today to mitigate a gas leak located at the Bandurria deposit in Neuquén. No injuries were reported, and the...
(Petrofac Limited, 19.Oct.2018) — Petrofac Limited announces that it has completed the sale of 49% of the company’s operations in Mexico to Perenco (Oil & Gas) International Limited, following approval...
(Energy Global, David Bizley, 19.Oct.2018) — The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons due...
(Hydrocarbon Engineering, Alex Hithersay, 18.Oct.2018) — Petrobras has announced that it has signed an integrated project business model agreement (IPBMA) with China National Oil and Gas Exploration and Development Co....
(Energy Analytics Institute, Jared Yamin, 18.Oct.2018) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to build five satellite regasification stations (ESR) that will benefit 12 populations of La Paz, Potosí, Chuquisaca...
(S&P Global Platts, 18.Oct.2018) — Gas shortages in southern Mexico will reach a critical point in November as Pemex natural gas production continues declining and users lack access to LNG...
(Kallanish Energy, 18.Oct.2018) — The incoming Mexican government's announcement to end oil exports is credit negative to both Petroleos Mexicanos (Pemex) and to the government's credit quality, says Moody's investors Service, in...
(Petrobras, 18.Oct.2018) — Petrobras, following up on the release disclosed on Oct. 4, 2017, informs the beginning of the binding phase regarding the sale of its entire stake in the...
(S&P Global Platts, 18.Oct.2018) — Brazil's Petrobras is offering 50,000 mt of 0.6% cracked low sulfur fuel oil from Brazil for delivery into Europe during the first decade of November,...
(Trinidad and Tobago Newsday, Carla Bridglal, 18.Oct.2018) The government has announced a new state company, Guaracara Refining Company, into which the assets of the Pointe-a-Pierre refinery will be placed. The...
(Energy Analytics Institute, Jared Yamin, 18.Oct.2018) — Bolivia’s Tarija department has lost about $100 million in the last eight years. The figure corresponds to revenues the department has lost between...
[caption id="attachment_4177" align="alignnone" width="1186"] Pemex's Carlos Treviño. Source: Pemex[/caption] (Energy Analytics Institute, Piero Stewart, 17.Oct.2018) — Petróleos Mexicanos (Pemex) has registered 40,000 clandestine pipeline connections in the last six years, announced...
(Offshore Technology, 17.Oct.2018) — Mexican state-owned petroleum company Pemex has reportedly sold $2bn of its bonds. The sale of the ten-year Pemex bonds is said to have generated about 6.5%...
(Reuters, Diego Oré, 17.Oct.2018) — Mexico’s incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a...
(Reuters, 17.Oct.2018) — Mexico’s Salina Cruz oil refinery is operating normally after three people were injured in an electrical accident, a spokesman for state oil company Pemex said on Wednesday....
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) — Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the matter, after booming production from...
(Renewables Now, 17.Oct.2018) — Argentine state-run oil company YPF inaugurated on Wednesday a portion of a 99-MW wind park in Chubut province that will produce clean power for its deposits...
(Miami Herald, Andres Oppenheimer, 17.Oct.2018) — There is a major inconsistency in President Trump’s stand on Venezuela: He talks tough — and even makes veiled threats of a military intervention...
(Reuters, Roberta Rampton, 17.Oct.2018) — The United States plans to turn up sanctions pressure on Venezuela but sees less need to immediately target its energy sector, given sagging production from...
(Reuters, 17.Oct.2018) — Mexico’s state-run oil company Pemex received bids this week for up to six 350,000-barrel cargoes of U.S. Bakken crude it wants to import from November through December,...
(Energy Analytics Institute, Piero Stewart, 17.Oct.2018) — Retired workers with PDVSA and Pequiven spoke out in the streets in a protest aimed at calling attention to pensions unpaid by the...
(Stabroek News, 17.Oct.2018) — Representatives of Merrill Lynch Wealth Management have met with the Governor of the Central Bank of Guyana after recently indicating an interest in engaging in discussions...
[caption id="attachment_4168" align="alignnone" width="2005"] Pemex CEO Carlos Treviño Medina. Source: Pemex[/caption] (Pemex, 16.Oct.2018) — Petróleos Mexicanos in September disclosed the application of a series of operating and marketing measures could...
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2018) — Mexico wants Big Oil to start producing from the recently discovered oil fields in Mexico as soon as possible, incoming President Andrés Manuel López Obrador...
(Foreign Policy, Lisa Viscidi, .16.Oct.2018) — A potential return to resource nationalism could set both countries back. Until this year, resource nationalism—when a government asserts its control over a country’s...
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect Andrés Manuel López Obrador (AMLO), would be an error that would benefit...
(Energy Analytics Institute, Jared Yamin, 16.Oct.2018) — With its own gas projects to develop, Argentina is seeking to reduce imports of natural gas and by 2020 it expects to stop...
(Reuters, David Alire Garcia, Marianna Parraga, 16.Oct.2018) — At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from...
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc signed on 12 October 2018 a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia, directly with YPFB (Yacimientos Petrolíferos...
(Bloomberg, Cristiane Lucchesi, Francois Beaupuy, Scott Deveau, 15.Oct.2018) — French utility Engie SA and a Canadian pension fund plan to offer as much as $9 billion (34 billion reals) for...
(Reuters, Tatiana Bautzer, 15.Oct.2018) — Brazil’s state-controlled oil company Petroleo Brasileiro SA expects to revive the sale of its pipeline operator TAG over the next month, if it can get...
(Echo Energy plc, 15.Oct.2018) — Echo Energy plc announced an update on the initial perforation phase on the third Argentinian well. The company previously drilled four wells across its onshore...
(Reuters, 15.Oct.2018) — Venezuela’s state-owned oil company PDVSA is preparing to pay holders of its 2020 bond some $950 million this month, after failing to make interest payments on most...
(Proactive Investors, 15.Oct.2018) — Echo Energy Plc told investors that it has confirmed that its third Argentinian well will be suitable for mechanical stimulation, and, it will now move on...
(Xinhua, 14.Oct.2018) — Bolivia's oil revenue this year is estimated to reach 2.2 billion U.S. dollars as it “will be able to fulfill” contracts with its southern American partners, Minister...
(Energy Analytics Institute, Jared Yamin, 14.Oct.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez, acknowledged that nationalization of Air BP, a subsidiary of British Petroleum, in charge of marketing jet fuel...
(Stabroek News, 13.Oct.2018) — The Guyana government and the Canadian province of Newfoundland and Labrador will be signing a technical cooperation agreement on oil and gas in the coming week,...
(TeleSur, 13.Oct.2018) — The Colombian Constitutional Court has ruled to restrict the power of popular consultations to halt extractive projects. Colombia’s Constitutional Court ruled in favor of a Mansarovar Energy,...
(Energy Analytics Institute, Piero Stewart, 13.Oct.2018) — Venezuela has solicited an audit of costs related to the Pacific Coast Refinery and Río Napo JV in order to discuss potential investment...
(Energy Analytics Institute, Ian Silverman, 13.Oct.2018) — Companies seeking to benefit from renewable energy tax benefits will have until October 24, 2018 to submit details related to their projects. Companies...
(Reuters, 12.Oct.2018) — Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this...
(BP, 12.Oct.2018) — The Angelin facility marked a major milestone on October 12, 2018 with the completion of the McDermott EPCIC scope called the Total Facility Handover. [caption id="attachment_5004" align="alignright"...
(Energy Analytics Institute, Jared Yamin, 12.Oct.2018) — Bolivian natural gas is more competitive than liquefied natural gas (LNG) and gas from Argentina’s Vaca Muerta shale formation, announced Bolivia’s Hydrocarbon Minister...
(Guyana’s Ministry of Natural Resources, 12.Oct.2018) — The Guyana Oil and Gas Capacity Building Project (the ‘Project’) is supported by the World Bank and aims to enhance the Government’s capacity...
(Reuters, Alexandra Alper, Tatiana Bautzer, Rodrigo Viga Gaier, 12.Oct.2018) — Nationalistic and free market advisers to Brazil’s right-wing presidential frontrunner are deeply split about the future of state-run oil company...
(Maurel & Prom, 12.Oct.2018) — Etablissements Maurel & Prom notes recent press articles and confirms it is working on the acquisition of Shell Exploration and Production Investments B.V.’s 40% interest...
(Reuters, 12.Oct.2018) — Mexico plans to enforce fines imposed on Odebrecht over corruption allegations by confiscating some $30 million owed by state oil company Pemex to the Brazilian firm, a...
(Pemex, 11.Oct.2018) — Pemex introduced the new gasoline additive that will be added into Pemex Magna and Pemex Premium fuels, the additive will be promoted under the brand name of...
(Reuters, Ricardo Brito, 11.Oct.2018) — Brazil’s presidential front-runner Jair Bolsonaro would tackle chronic energy shortages by expanding nuclear and hydroelectric power in the Amazon despite environmental concerns, the adviser overseeing...
(Reuters, Alexandra Valencia, 11.Oct.2018) — Ecuador has begun talks with neighboring Peru to jointly explore two oilfields at the border and allow state-run Petroamazonas to operate natural gas areas in...
(Energy Analytics Institute, Jared Yamin, 11.Oct.2018) — Bolivian natural gas exports shipped by YPFB to Argentina to-date have averaged 18 million cubic meters per day (MMcm/d). These volumes are below...
(S&P Global Platts, 11.Oct.2018) — Brazilian state-led oil company Petrobras and Murphy Oil will combine production assets in the US Gulf of Mexico in a joint venture that will produce...
(The Motley Fool, Matthew DiLallo, 11.Oct.2018) — The oil company made a needle-moving deal. What happened Shares of Murphy Oil Corporation took off on Thursday, rising more than 12% by...
(Houston Chronicle, Jordan Blum, 11.Oct.2018) — Leaders of Mexico’s state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López Obrador, who spoke of rolling...
(Bloomberg, Pablo Rosendo Gonzalez, 11.Oct.2018) — YPF SA, Argentina’s state-run oil company, is in advanced talks to sell a minority stake in its power unit to an Asian fund, said...
(Energy Analytics Institute, Ian Silverman, 10.Oct.2018) — The dispatch of energy from the Coca Codo Sinclair hydroelectric plant, located between Napo and Orellana, was carried out Oct. 9 “with restrictions...
(Seeking Alpha, Carl Surran, 10.Oct.2018) — Kosmos Energy says it is abandoning an offshore well in Suriname after failing to find oil, its second straight dry well in the region...
(InSight Crime, Parker Asmann, 10.Oct.2018) — The ways in which gangs of fuel thieves in Costa Rica are tapping oil pipelines in order to steal and later resell the good...
(Reuters, Alexandra Ulmer, 10.Oct.2018) — Venezuela on Wednesday increased wages for workers at state energy company PDVSA after employees staged small protests to decry meager salaries amid the OPEC nation’s...
(Energy Analytics Institute, Jared Yamin, 10.Oct.2018) — Añelo is a small oil town located in the heart of Neuquen and the Vaca Muerta shale revolution. This small town with a...
(Frontera Energy, 10.Oct.2018) — Frontera Energy Corporation announced the International Finance Corporation (IFC) and related funds have provided notice to the Company that they have exercised their right under the...
(Frontera Energy, 10.Oct.2018) — Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Colombia. Frontera also provided...
(AP, 9.Oct2018) — Mexico’s state-owned oil company says two wells in shallow Gulf of Mexico waters have found about 180 million barrels of proven, probable and possible oil and gas...
(FT, Jude Webber, 9.Oct.2018) — Mexican state-owned oil company Pemex said it had discovered two new shallow water fields that, combined with other discoveries in recent years, would add production...
(Pemex, 9.Oct.2018) — Pemex CEO, Carlos Treviño, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, which will allow the company...
(RJR News, 9.Oct.2018) — There is an ominous warning about the possible economic fallout for Jamaica due to changes in the climate, as outlined in the latest United Nations report...
(Bloomberg, Javier Blas, Grant Smith & Francine Lacqua, 9.Oct.2018) — Oil prices have rallied to a four-year-high due to US sanctions on Iran and the Venezuelan crisis, even as Saudi...
(Financial Express, Huma Siddiqui, 9.Oct.2018) — With the India-Colombia bilateral trade $1.5 bn, India lifted oil close to $ 400 million from January to July this year-- an increase of...
(Petrobras, 8.Oct.2018) — Petrobras announced the beginning of the opportunity disclosure stage (Teaser) related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa...
(The Oil&Gas Year, 8.Oct.2018) — Around 300 people were evacuated in the Mexican state of Veracruz as hydrocarbons spilled from a vandalised Pemex pipeline into the Tepeyac creek, which flows...