Ecuador Producing 548 Mb/d
(Energy Analytics Institute, Piero Stewart, 30.Oct.2019) — South America’s Ecuador was producing 548,458 barrels per day of oil on 30 Oct. 2019, the country’s Ministry of Energy and Non-Renewable Natural...
Noble Mobilizes Tom Croft Drillship In Suriname
(Energy Analytics Institute, Ian Silverman, 30.Sep.2019) — Noble Corporation announced it has mobilized its Noble Tom Croft drillship in Suriname. Noble said the drillship started a contract in late September...
Tango FLNG In Second Week Of Ops In Argentina
(EXMAR, 30.Sep.2019) — The Tango FLNG has been receiving feed gas from YPF since 9 September 2019 and has been producing LNG to its full capacity since then. In the...
Petrobras Inks Deal Onshore Fields In The Potiguar Basin
(Petrobras, 30.Sep.2019) — Petrobras signed with the company Central Resources do Brasil Produção de Petróleo Ltda. contracts for the sale of all its stake in the onshore fields of Ponta...
EDPR Secures New PPA For 100MW In Mexico
(EDP Renováveis, 30.Sep.2019) — EDP Renováveis, S.A. (EDPR) secured a Power Purchase Agreement (PPA) to sell the energy produced by a wind farm project of 100 MW. The contract is...
BP Comes Up Empty Offshore Exploration Hotspot
(Bloomberg, Peter Millard and Kelly Gilblom, 30.Sep.2019) — It was supposed to be BP’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore...
Brazil Approves 14 Firms For November Oil Tender
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the...
Petrobras Says Revap Refinery Fire Occurred During Scheduled Stoppage
(Reuters, 30.Sep.2019) — A major refinery owned by Brazilian state-run oil firm Petrobras was already undergoing a scheduled stoppage when a fire broke out over the weekend, the company told...
Bolivia LatAmNRG Briefs: Electric Vehicle Plant In Cochabamba
(Energy Analytics Institute, Ian Silverman, 28.Sep.2019) — LatAmNRG briefs related to Bolivia’s President Evo Morales' visit to Quantum Motors’ electric vehicle plant in Cochabamba and Bolivia signing a contract to...
Venezuela Oil Sector May Take 8 Years To Recover
(Yahoo Finance, Akiko Fujita, Anchor/Reporter, 27.Sep.2019) — A top aide to Venezuelan opposition leader Juan Guaido said on Friday it could take up to eight years to restore oil production...
Ibank Jefferies Cuts Bankers As M&A Slows
(Reuters, Gary McWilliams and David French, 27.Sep.2019) — Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of...
PMI Comercio Internacional BODs Appoints New Members
(Pemex, 27.Sep.2019) — During its 122nd ordinary session, following a proposal placed by its Chairman, the Board of Directors of PMI Comercio Internacional appointed Ulises Hernández Romano as its new...
Brazil Reports Oil Spill Along Northeast Beaches
(Reuters, Marta Nogueira and Roberto Samora, 26.Sep.2019) — Brazil's environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country's northeastern beaches showed the...
Colombia Eyes Oil Round
(Reuters, Julia Symmes Cobb and Luis Jaime Acosta, 26.Sep.2019) — Colombia hopes to sign 20 contracts for oil exploration and production rights in its coming auction, the head of the...
Guaido IDB Envoy Hausmann Resigns Post
(Argus, 26.Sep.2019) — Venezuela's parallel administration headed by opposition leader Juan Guaido has lost its most prominent figure, former planning minister and Harvard professor Ricardo Hausmann. Hausmann, who recently hinted...
IEnova Inks Solar Deal With Liverpool And Circle K
(Sempra, 26.Sep.2019) — Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), has signed two 15-year clean energy contracts with subsidiaries of Comercializadora...
Guyana Elections And First Oil
(Argus, 26.Sep.2019) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy of...
Pemex Announces Early Participation Results
(Pemex, 26.Sep.2019) — Petróleos Mexicanos (PEMEX) announced the early participation results of (a) its offers to exchange any and all of its outstanding series of securities set forth in the...
Petrobras’ Strategic Revision
(Petrobras, 26.Sep.2019) — Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for the new 2020-2024 plan, which...
Guyana Must Learn To Use Its Riches
(Upstream, Gareth Chetwynd, 26.Sep.2019) — As development on Guyana’s Stabroek block continues apace, it is worth considering that the Liza development took form in an era when low oil prices...
Eco (Atlantic) Reports Director Dealing
(Eco Atlantic, 26.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. notified that Gil Holzman, Chief Executive Officer and a Director of the Company, acquired 33,865 common shares in the company...
Low Coal Prices To Impact Colombia’s Wallet
(Reuters, Julia Symmes Cobb, Nelson Bocanegra, 26.Sep.2019) — Colombia, the world’s fourth-largest exporter of coal, faces a potential spending crunch in 2020 as royalties from the fuel decline amid a...
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy...
Petrobras’ Offers Voluntary Severance Program
(Petrobras, 26.Sep.2019) — Petrobras reports that it has approved a new Voluntary Severance Program (“PDV”) exclusively for employees working in the company’s corporate segment. The initiative is part of the...
Petrobras BODs Names Innovation Executive Officer
(Petrobras, 26.Sep.2019) — Petrobras reports that the Board of Directors, in a meeting held yesterday, elected, effective 10/01/2019, Mr. Nicolás Simone for the role of Digital Transformation and Innovation Executive...
JinkoSolar Joins Green Initiatives: RE100 And EP100
(JinkoSolar, 25.Sep.2019) — JinkoSolar Holding Co., Ltd. has committed to the RE100 and EP100 initiatives. These global campaigns are led by The Climate Group, an international non-profit organization working closely...
Petrobras Complete Bookbuilding Procedure
(Petrobras, 25.Sep.2019) — Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th issuance of simple, non-convertible, unsecured debentures, in up to...
LatAm Pledges 70% Renewable Energy
(Reuters, Valerie Volcovici, 25.Sep.2019) — Latin American countries have set a collective target of 70% renewable energy use by 2030, more than double what the European Union is planning, Colombia’s...
Colombia Fracking Pilots Could Start In Late 2020: Ecopetrol CEO
(Reuters, Jessica Resnick-Ault, 25.Sep.2019) — Colombia’s state-run oil company Ecopetrol will be ready to start fracking pilot projects in the second half of 2020, chief executive Felipe Bayon said on...
US Press Secretary Statement On Venezuela
(White House Press Secretary, 25.Sep.2019) — Today, President Donald J. Trump and other United States officials hosted leaders from Western Hemisphere countries to discuss the need for a democratic transition...
Venezuela Oil Exports To Cuba Rising: Sources
(Reuters, Mircely Guanipa and Marianna Parraga, 25.Sep.2019) — Venezuelan state oil company PDVSA ordered an increase in exports to ally Cuba to ease fuel shortages on the island this month,...
Pemex Says “Workers Are Its Greatest Asset”
(Pemex, 24.Sep.2019) — Petróleos Mexicanos (Pemex) reports that the recent demonstrations demanding changes to the working conditions of its trusted employee base are imprecise and aimed at discrediting the responsible,...
US Targets Entities, Vessels Moving Venezuelan Oil To Cuba
(US Treasury, 24.Sep.2019) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities that operate in the oil sector of the Venezuelan economy...
US Actions Against Entities Assisting Venezuela
(US Treasury, 24.Sep.2019) — On September 24, the United States designated four companies that operate in Venezuela’s oil sector as sanctioned, and identified as blocked property four vessels associated with...
Siderúrgica Mutún To Have A 105MW Power Station
(Energy Analytics Institute, Ian Silverman, 24.Sep.2019) — Bolivia’s Siderúrgica del Mutún steel plant, located in the municipality of Puerto Suárez in the province of Germán Busch in Santa Cruz, will...
Maduro Hopes Putin Will Offer More Than Words
(FT.com, Michael Stott and Henry Foy, 24.Sep.2019) — Threats of military invasion, sweeping economic sanctions, people power, recognition of a rival government, even an attempted uprising — the US has...
Four Colombia fracking Projects Could Attract $5bn In Yearly Investments
(Reuters, 24.Sep.2019) — Four fracking pilot projects in Colombia could bring in $5 billion annually in investment once they are in the production phase, industry leaders said on Tuesday, as...
Cuba Won’t negotiate On Venezuela, But Russia Might
(Miami Herald, Nora Gámez Torres and Michael Wilner, 24.Sep.2019) — Moscow has maintained communication with members of the Venezuelan opposition even as the Cuban government plans on “going down with...
Petrobras Stockpiles LSFO In Malaysia, Singapore
(Argus, 24.Sep.2019) — Petrobras has begun stockpiling low-sulphur fuel oil in Malaysia and Singapore as the 1 January start date approaches for new global marine fuel sulphur regulations. Petrobras is...
JinkoSolar To Supply 300 MW To Project In Spain
(JinkoSolar, 24.Sep.2019) — JinkoSolar Holding Co., Ltd. signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar's ultra-high efficiency Cheetah modules to be...
Maduro Plots Assembly Grab, Oil-For-Food Floated
(Argus, 24.Sep.2019) — Venezuelan opposition leader Juan Guaido's constitutional claim to the Opec country's interim presidency could be undermined by today's tumultuous return of the governing United Socialist Party (PSUV)...
GeoPark Finds Oil In Colombia’s Llanos 34 Block
(GeoPark, 23.Sep.2019) — GeoPark Limited announced the discovery of the new Guaco oil field in the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. GeoPark drilled and completed the...
OWTU To Buy Petrotrin Refinery
(Argus, 23.Sep.2019) — Trinidad and Tobago's government agreed to sell its mothballed 160,000 b/d Pointe-a-Pierre refinery to a company partly owned by the oil workers' union. Finance minister Colm Imbert...
Unit Serving Petrobras Halted Due To Regulatory Issues
(Reuters, 23.Sep.2019) — An oil production unit supporting the operations of Brazilian state-controlled oil firm Petroleo Brasileiro SA has been paralyzed since Sept. 19 due to regulatory issues, the operator,...
Yakaar-2 Well Confirms Resource Offshore Senegal
(Kosmos, 23.Sep.2019) — Kosmos Energy announced that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well,...
Pemex Says Debt Reduced By $5.0058bn
(Pemex, 23.Sep.2019) — Today, Petróleos Mexicanos (Pemex) successfully finalized an early debt payment operation. This operation was announced on September 12, and consisted on using the capital received from the...
Petrobras Reports Mooring Incident At P-50
(Petrobras, 23.Sep.2019) — Petrobras reports that platform P-50, located in the Campos Basin, in the Albacora Leste field, had its production preemptively halted on Sunday night, due to the disruption...
Jinkosolar Invited To UN Climate Action Summit 2019
(JinkoSolar, 23.Sep.2019) — JinkoSolar Holding Co., Ltd. has been invited to the UN Climate Action Summit 2019, which will be held at the UN headquarters in New York on September...
PDVSA’s Amuay Refinery Knocked Offline
(Argus, 20.Sep.2019) — A fire overnight disrupted limited operations at the 635,000 b/d Amuay oil refinery, the only one of Venezuelan state-owned PdV's domestic crude-processing plants that has been functioning...
Petrobras Reports Advance Of Eletrobras Receivables
(Petrobras, 20.Sep.2019) — Petrobras entered into a Cession Agreement of Credit Rights, allowing the advance of about R$ 8.4 billion of receivables from Eletrobras, recognized in the Debt Assumption Agreements...
Diplomats Say Guyana Gov’t In Breach Of Constitution
(Reuters, 19.Sep.2019) — U.S. and European diplomats on Thursday declared Guyana's government in breach of the country's constitution until new elections are held and called on Guyanese President David Granger...
Pemex Personnel Takes Part In National Quake Drill
(Pemex, 19.Sep.2019) — For the commemoration of the National Civil Protection Day, management and operating personnel at various Petróleos Mexicanos (Pemex) facilities in the country participated in the 2019 National...
Argentina’s Vaca Muerta Comparable to Permian Basin
(Energy Analytics Institute, 4.Sep.2019) — “The massive Vaca Muerta formation is geologically comparable to the best US oil basins, particularly the Permian Basin in West Texas and southeastern New Mexico,...
IFC And FRV Secure Financing For Potrero Solar
(IFC, 18.Sep.2019) — The International Finance Corporation (IFC), member of the World Bank Group, and Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer...
Petrobras Updates On Provisioning
(Petrobras, 18.Oct.2019) — Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil,...
Qingdao McDermott Wuchuan Awarded Module Fabrication Contract
(McDermott, 17.Sep.2019) — McDermott International, Inc. announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a large* contract to provide...
Sur de Texas Marine Pipeline Achieves Commercial Operation
(IMG, 17.Sep.2019) — Infraestructura Marina del Golfo (IMG), a joint venture between TC Energy Corporation (TC Energía) and Infraestructura Energética Nova (IEnova), announced commencement of the commercial operation of the...
PDVSA Halts Blending At PetroPiar JV
(Argus, 16.Sep.2019) — Venezuela's national oil company PdV has suspended crude blending at its 210,000 b/d PetroPiar joint venture with Chevron because of storage constraints, according to multiple Venezuelan oil...
Eco Atlantic Reports 2nd Oil Discovery Offshore Guyana
(Eco, 16.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. announces a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth...
Argentina Reinforces Security Of Vaca Muerta
(Reuters, 16.Sep.2019) — The Argentine government will step up security in the Vaca Muerta oil fields by placing the shale formation under the jurisdiction of the military police, the Ministry...
ExxonMobil Reports Tripeltail Find Offshore Guyana
(Exxon, 16.Sep.2019) — ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated...
Petrobras Maintains Prices
(Reuters, Gram Slattery and Marta Nogueira, 16.Sep.2019) — - Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in...
Petrobras’ P-68 Departs For Berbigão And Sururu fields
(Petrobras, 16.Sep.2019) — Petrobras reports that the P-68 platform left today the Jurong Aracruz Shipyard, heading to the Berbigão and Sururu fields, in the Santos Basin pre-salt. Production of these...
Petrobras’ Private Exchange Offer Results
(Petrobras, 16.Sep.2019) — Petrobras announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”), by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”),...
Petrobras Offers Clarification Of News
(Petrobras, 16.Sep.2019) — Petrobras reports that it received the Official Letter No. 830/2019-SLS, which requests the following clarification: Official Letter no. 830/2019-SLS “Dear Gentlemen, In a news report published by...
Tullow Announces Joe-1 Oil Find Offshore Guyana
(Tullow, 16.Sep.2019) — Tullow Oil plc announces the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled...
Petrobras Informs On Petrol Prices Due To Saudi Arabia Attacks
(Petrobras, 16.Sep.2019) — Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according...
Petrobras’ Teasers For REGAP, REMAN, LUBNOR And SIX Refineries
(Petrobras, 13.Sep.2019) — Petrobras, following up on the releases disclosed on April 26, 2019 and June 28, 2019, reports the beginning of the opportunity disclosure stage (teasers) regarding the second...
LatAmNRG Bolivia Briefs: Morales Inaugurates 480MW Plant In Cochabamba
(Energy Analytics Institute, Ian Silverman, 12.Sep.2019) — LatAmNRG briefs related to Bolivia’s President Evo Morales inaugurating a 480 megawatt plant in Cochabamba and Morales saying Bolivia to produce 3,370 megawatts...
Petrobras’ Teaser For Amazonas Fields
(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and...
Petrobras Reveals Staff Plan For Employees
(Petrobras, 13.Sep.2019) — Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: Internal Recruitment, Termination by Mutual...
Petrobras Discloses Teaser For Onshore Fields
(Petrobras, 13.Sep.2019) — Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and...
GeoPark Adds Four Brazilian Exploration Blocks
(GeoPark, 12.Sep.2019) — GeoPark Limited announced the expansion of its portfolio with four new exploration blocks in the Reconcavo and Potiguar basins in Brazil. GeoPark was preliminarily awarded the REC-T-58,...
Alaska Airlines Launches #FillBeforeYouFly
(Alaska Airlines, 12.Sep.2019) — Alaska Airlines today announced its #FillBeforeYouFly initiative to partner with guests and employees to continue reducing the use of single-use plastics inflight. The aim: rally with...
Pemex To Refinance Debt
(Pemex, 11.Sep.2019) — Pemex announced a series of measures intended to improve its financial condition. This operation considers a capital contribution from the Federal Government equivalent to 5 billion US...