(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) – Venezuela’s President Nicolás Maduro announced the two countries could soon sign a new oil agreement. “A new agreement thereon shall be signed pretty...
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) – Opposition leader María Corina Machado said the “show can’t go on” during a video broadcast from Punto Fijo. The leader’s video in reaction...
[caption id="attachment_2109" align="alignnone" width="460"] Oil site in Ecuador. Source: AP[/caption] (AP, 13.Jul.2018) – Ecuador's highest court has upheld a US$9.5 billion judgment against oil giant Chevron for decades of rainforest...
(Natural Gas Intelligence, Ronald Buchanan, 13.Jul.2018) – Mexico President-Elect Andres Manuel Lopez Obrador aims to decentralize the government in a sweeping plan to ease the congestion of population, buildings, vehicles...
(CMC, 13.Jul.2018) – President David Granger has extended an invitation to Caricom member states to invest in the oil sector and other sectors of Guyana. Speaking on the sidelines of...
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) – Oil production from the Ishpingo, Tambococha and Tiputini or ITT field is around 60,000 barrels per day. With additional work activities, production from...
(Energy Analytics Institute, Ian Silverman, 13.Jul.2018) – Mexico must reduce its dependence on the United States in regards energy issues. The country can achieve this goal by increasing its refining...
(Latin America & Caribbean Gas Conference & Exhibition, 12.Jul.2018) – Influential organisations in the global natural gas industry have united to form an Advisory Board to the Latin America &...
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Indigenous groups in Ecuador that were affected by activities of San Roman, California-based Chevron in the country continue to await payment from the...
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for...
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – The Bolivian government is still analyzing Argentina's request to increase natural gas export volumes during the winter season and reduce them in summer....
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Two resolutions from the Uruguayan government late last month will authorize Ancap and ALUR to access credits for up to $160 million. In...
(Wood Mackenzie, 12.Jul.2018) – Italian major Eni won its third consecutive Most-Admired Explorer title, an accolade awarded in conjunction with Wood Mackenzie's industry-leading annual Exploration Survey. Eni's chief exploration officer,...
(OilPrice.com, Nick Cunningham, 12.Jul.2018) – Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut...
(Energy Analytics Institute, Jared Yamin, 12.Jul.2018) – Trinidad Drilling Ltd. announced its international joint venture (TDI) currently has two rigs operating, one in Bahrain and one in Mexico. Trinidad Drilling...
(Reuters, 12.Jul.2018) – Mexico’s next energy agenda will prioritize increasing gasoline and diesel production and later decide on possible changes to the industry reform championed by the outgoing government, according...
(TeleSur, 11.Jul.2018) – Mexico's national energy demand has become highly dependent on the United States. Mexico's next energy minister under president-elect Andres Manuel Lopez Obrador has said that the new...
(Rystad, 11.Jul.2018) — Despite the huge potential from pre-salt basins, Brazil still needs gas imports to cover domestic demand in the next decade. Brazil is forecasted to produce 47 Bcm...
(Institute of the Americas, Jeremy Martin, 11.Jul.2018) – Directly answering a question during an interview in a local media program about the issue of fuels market and pricing, newly-installed Energy...
(Energy Analytics Institute, Piero Stewart, 11.Jul.2018) – The subway system serving the Venezuelan capital is on the verge of collapse due to lackluster maintenance amid ongoing economic, political and humanitarian...
[caption id="attachment_2381" align="alignright" width="215"] Workers repairing a section of the natural gas pipeline. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 11.Jul.2018) – PDVSA Gas announced completion of work on the...
(Energy Analytics Institute, Ian Silverman, 11.Jul.2018) – The Organization of Petroleum Exporting Countries published its July 2018 edition of its Monthly Oil Market Report (MOMR). Crude oil production from Ecuador...
(Jamaica Gleaner, 11.Jul.2018) – In a matter of months, the US$1.6 billion, or more than J$208 billion, now in the PetroCaribe Development Fund (PDF) is to flow to the Consolidated...
(Energy Analytics Institute, Jared Yamin, 10.Jul.2018) – Given Mexico’s dependence on imported fuel, construction of two new refineries in the country “isn’t a business issue, it’s for energy security,” said...
(OilPrice.com, Meredith Taylor, 10.Jul.2018) – American energy dominance is on the rise. In March 2018, the U.S. beat its all-time record and pumped more than 10.4 million barrels per day...
(Pemex, 10.Jul.2018) – The State-Owned Productive Company filed a criminal report before the Office of the Attorney General to initiate the investigation of this suspected criminal activity. On June 29th,...
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – A small Central American country will be considered a pioneer in the region with use of a type of “eco-friendly asphalt” that gives...
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – EP PetroEcuador and the Escuela Politécnica Nacional (EPN by its Spanish acronym) signed an Inter-institutional Technical Cooperation Agreement that relates to the early...
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – Nearly 27 engineering students studying Environmental Engineering and Biotechnology Engineering at Ecuador's Americas University (Universidad de las Américas or UDLA by its Spanish...
(Energy Analytics Institute, Jared Yamin, 10.Jul.2018) – British Petroleum extended its operations in the country this week. Today, we have arrived to Campeche, a state with an increase in tourist...
(Energy Analytics Institute, Jared Yamin, 10.Jul.2018) – Pemex filed a complaint with the Attorney General's Office demanding the entity investigate the alleged crimes. In its complaint, Mexico's state oil company...
(Pampa Energía S.A., 10.Jul.2018) – Pampa Energía S.A. announced an Investment Agreement was executed with the Neuquén province, which will grant a new 35-year concession for unconventional hydrocarbon exploitation at...
(LoopTT, 9.Jul.2018) – Cleanup operations continue following a leak at the Couva Marine 2 Well. Personnel with the Energy Ministry and Petrotrin’s Incident Command team have been monitoring the leaking...
(Echo Energy plc, 9.Jul.2018) – Echo Energy plc successfully completed drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite. The...
(Prensa Latina, 9.Jul.2018) – A fuel leak in the Couva platform, in the Gulf of Paria, Trinidad and Tobago, continues today after four days of being initiated, before which the...
(Frontera Energy Corporation, 9.Jul.2018) – Frontera Energy Corporation announced that, effective July 6, 2018, it has terminated its agreement to purchase 36.36% of Pacific Midstream Limited (PML). Frontera elected to...
(Frontera Energy Corporation, 9.Jul.2018) – Frontera Energy Corporation intends to implement a normal course issuer bid (NCIB) for its common shares. The NCIB will be made in accordance with the...
(Renaissance Oil Corp. 9.Jul.2018) – Renaissance Oil Corp. received final authorizations from the relevant Mexican authorities to proceed with the development program on the company's three 100% held producing properties...
(Renaissance Oil Corp. 9.Jul.2018) – Renaissance Oil Corp. recently signed a Right of First Refusal (ROFR), for the Pitepec block, adjacent to the north of the Amatitlán block in the...
(Energy Analytics Institute, Ian Silverman, 9.Jul.2018) – Chile’s state oil company ENAP says it’s developing a wind park in Magallanes in an official Twitter post. No further details were revealed....
(Maritime Herald, 9.Jul.2018) – The oil spill that occurred this Friday, July 6 in two tanks of the secondary recovery plant of the Jusepín Operational Complex of Pdvsa, demonstrates the...
(Energy Analytics Institute, Ian Silverman, 9.Jul.2018) – PeruPetro will host a conference titled “Role of the Petroleum and Gas Industry for Peru’s Economic Development.” Details follow: When: 7 July 2018...
(Energy Analytics Institute, Ian Silverman, 9.Jul.2018) – The Haitian government reversed a controversial fuel hike announced over the weekend due to violent protest in the capital and other parts of...
(San Diego Union Tribune, Rob Nikolewski, 9.Jul.2018) – Continuing its aggressive corporate strategy, IEnova – the Mexican subsidiary of San Diego-based Sempra Energy – added another asset to its energy...
(Sputnik News, 8.July.2018) — Costa Rica will become the first nation in the world to completely eliminate fossil fuels. In May, the country's new president, 38-year-old former journalist Carlos Alvarado...
(Stabroek News, Marcelle Thomas, 8.Jul.2018) – Facing questions from a parliamentary committee, ExxonMobil yesterday denied that it was funding any political party or political initiatives in Guyana. A meeting between...
(Energy Analytics Institute, Piero Stewart, 8.Jul.2018) – Venezuela’s Oil Minister General Manuel Quevedo prayed to God in search of divine assistance to boost Venezuela’s oil production. The prayer was made...
(Energy Analytics Institute, Pietro D. Pitts, 8.Jul.2018) – Recent success in Guyana’s oil sector could be a wolf in sheep’s clothing. Guyana doesn’t yet produce oil but in coming years...
(Energy Analytics Institute, Piero Stewart, 8.Jul.2018) – The gas plant has treatment capacity of 10 million cubic feet per day (MMcf/d) of natural gas. Ecopetrol initiated direct operation of Dina...
(Energy Analytics Institute, Ian Silverman, 8.Jul.2018) – Chile signed an agreement to export natural gas to Argentina over the next three years. The agreement allows Chile to export a maximum...
(Melbana Energy Limited, 2.Jul.2018) – Melbana Energy Limited announced a potential dual listing on the UK’s Alternative Investment Market (AIM) is being actively considered, as it is clear there is...
(Energy Analytics Institute, Ian Silverman, 7.Jul.2018) – ET Energy commenced construction of two solar projects in Chile. “For us, the development and construction of these two projects demonstrate again our...
(Echo Energy plc, 6.Jul.2018) – Echo Energy plc announces mobilisation of the Quintana 01 testing / completion rig to the Fracción C, Fracción D and LLC assets (onshore Argentina and...
(Pemex, 6.Jul.2018) – Petróleos Mexicanos divested its participation in Petroquímica Mexicana de Vinilo through an agreement with Mexichem. As part of Pemex’s strategy of maximizing value by focusing its resources...
(Energy Analytics Institute, Piero Stewart, 6.Jul.2018) – Colombia’s state oil company Ecopetrol will prepay the entire syndicated loan it entered into in 2013 with local banks. The loan was scheduled...
(Energy Analytics Institute, Piero Stewart, 6.Jul.2018) – Oil production will begin in 2020, and the boom in investment beforehand will continue to drive activity, writes Caribbean Economist Marla Dukharan in...
(Reuters, 6.Jul.2018) – Mexican chemicals and plastic pipe maker Mexichem agreed to buy state oil firm Pemex's stake in chemical manufacturer Petroquimica Mexicana de Vinilo. Mexichem said it would pay...
(Energy Analytics Institute, Piero Stewart, 5.Jul.2018) – A find at the Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas,...
(Sputnik News, 5.Jul.2018) – China is lending its helping hand to Venezuela to stabilize the country's oil sector, analysts told Sputnik, adding that Beijing's economic activities in Latin America are...
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – Ecuador’s PetroAmazonas EP actual production is close to 405,000 barrels per day (b/d). The company’s average cost was $17.08 per barrel in May...
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – The heavy oil project is currently producing 10,000 barrels per day, according to PDVSA. PetroVictoria, is a joint venture comprised of Venezuela’s PDVSA...
[caption id="attachment_1458" align="alignnone" width="840"] Heavy oil desalters. Source: PDVSA[/caption] (Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – The land transfer of two from Bolívar to Anzoátegui states, for oil crude desalination...
[caption id="attachment_1462" align="alignnone" width="840"] Jack up. Source: Trinidad and Tobago Newsday.[/caption] (Trinidad and Tobago Newsday, Sasha Harrinanan, 4.Jul.2018) – Well Services Rig 110, owned by local drilling contractor Well Services...
(Energy Analytics Institute, Ian Silverman, 4.Jul.2018) – U.S. company Atlas Renewable Energy plans investments of $114.4 million in Uruguay. Atlas announced closing of long-term financing for its two solar plants:...
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) – The two electric companies from the South American country will invest a total of $400 million in Treasury Certificates. The companies, the Electricity...
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) – The South America country will explore other financial options to cover its deficit of some $9.5 billion. “We don’t believe it’s the best...
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) – This figure is according to the most recent study results, and excludes protected areas. The figure climbs to a bit over 60,000 megawatts...
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) – Citizens in the city of Trinidad, located in department of Beni, continue to protests elevated electricity rates. As a result, the Beni Electricity...
(Efe, 4.Jul.2018) – Brazilian state oil company Petrobras and China's state-owned China National Petroleum Corporation signed a letter of intent to conclude construction of a refinery in Rio de Janeiro,...
(Bloomberg, 4.Jul.2018) – Venezuela’s distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from China Development Bank and China...
(Reuters, Marianna Parraga, 3.Jul.2018) – Venezuela’s crude shipments to India, its third largest export market, fell 21 percent in the first half of the year, according to internal documents from...
(Trinidad Express, Aleem Khan, 4.Jul.2019) – High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to statements by an International Monetary...
(Trinidad Express, David Renwick, 3.Jul.2018) – You don’t have to look very far to determine the issues facing the Trinidad and Tobago energy industry at the moment. Top of the...
(Trinidad Guardian, 4.Jul.2018) – The Ministry of Energy and Energy Industries is predicting that over the next five years methanol prices will average US$375 per metric tonne, while ammonia prices...
(OilPrice.com, Irina Slav) – China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa. “We’ve received...