(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 the helm of the Energy Secretariat; the necessary return of Exemplar to Argentina; expansion work on a regasification vessel in Escobar; an oil find in Salta by Pampa Energia and China’s High Luck Group; Petroecuador $1.3 million investment in an urban project; Pemex's Dos Bocas refinery to produce 195,700 b/d in 2024; and Pemex’s plans to distribute ultra low sulfur diesel.
Oil Executives In Argentina Complain About Constant Changes
(Energy Analytics Institute, Aaron Simonsky, 30.Dec.2018) — Oil company executives in Argentina argue that constant portfolio changes harm the arrival of investments, and delay resolutions to urgent problems, reported online media Río Negro.
Additionally, the companies say it’s urgent to eliminate export taxes on crude oil as they force efineries to pay 11% less per barrel at a time when abroad prices are at the lowest level this year, the media reported.
Oil Companies Talk About Necessary Return Of Exemplar
(Energy Analytics Institute, Aaron Simonsky, 30.Dec.2018) — Several oil companies with a presence in Vaca Muerta warned that the production of gas in Argentina wouldn’t reach levels next winter to supply gas previously imported by the Exemplar regasification vessel, and said it might need to return, reported online media Río Negro.
Ieasa Continues Expansion Work On Regasification Vessel In Escobar
(Energy Analytics Institute, Aaron Simonsky, 30.Dec.2018) — Argentina’s Ieasa is finishing the first expansion of a regasification vessel in the port of Escobar that will allow it to boost capacity from to 22 million cubic meters per day from 18 million. However, the state entity has recognized that an additional expansion to 30 million will not be ready before next winter, reported online media Río Negro.
Pampa Energia And China’s High Luck Group Find Oil In Salta
(Energy Analytics Institute, Aaron Simonsky, 26.Dec.2018) — The Energy Secretariat of Salta province reported that a discovery of oil by Pampa Energia and High Luck Group took place in the province in a formation known as Las Breñas, in Oran department, at a depth of 2,705 meters.
Initial results are positive, but additional studies must be conducted in order to evaluate possible production volumes, reported Efe news agency.
Bolivia VP García Says Country Maintaining Progress
(Energy Analytics Institute, Ian Silverman, 30.Dec.2018) — “With current rate of growth, and if this progress train is maintained, in eight years Bolivia will have an income equal or similar to that of Chile and Argentina,” reported online media La Razón, citing Bolivia’s Vice President Álvaro García Linera.
Petroecuador Invests $1.3 Million In Urban Project
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Petroecuador announced an investment of $1.3 million in Phase I of an urban regeneration project in Monteverde. Investments are aimed to improve the quality of life of population in the community, located in Santa Elena province, the company announced in an official statement.
Pemex’s Dos Bocas To Produce 195,700 b/d In 2024
(Energy Analytics Institute, Jared Yamin, 27.Dec.2018) — The Dos Bocas Refinery, to be built in Tabasco, is expected to provide 195.7 thousand barrels per day (Mb/d) of petroleum products in 2024, which would represent 16% of the total estimated production of 1.25 million barrels per day (MMb/d) expected for that year.
Output from Dos Bocas in 2024 would be as follows: gasoline (99.5 Mb/d), diesel (65.6 Mb/d), turbosina (9.8 Mb/d; and petroleum coke (20.8 Mb/d), reported online media El Financiero.
Pemex To Distribute Ultra Low Sulfur Diesel, Effective Jan. 1, 2019
(Energy Analytics Institute, Jared Yamin, 28.Dec.2018) — Norm NOM-016-CRE-2016, which requires Pemex to distribute Ultra Low Sulfur Diesel (DUBA) throughout Mexico, goes into effect in the national territory on January 1, 2019.
Mexico’s Energy Secretary Rocío Nahle had asked the Energy Regulatory Commission (CRE by its Spanish acronym) to postpone the start date, but the CRE didn’t backtrack on its earlier established date, reported online media El Financiero.
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