(AAWSAT, Mosaed al-Zayani, 31.Oct.2019) — Brazil's President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add the most significant new producer...
(Oilprice.com Julianne Geiger, 31.Oct.2019) — Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the...
(Petrobras, 31.Oct.2019) — Petrobras in addition to the press release issued on October 23, 2019, reports that the signing of the Amendment to the Transfer of Rights Agreement was postponed...
(Reuters, Stephen Kalin, Rania El Gamal, Alex Lawler, 30.Oct.2019) — Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add...
(Chron.com, Jordan Blum, 30.Oct.2019) — Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous...
(S&P Global Platts, 30.Oct.2019) — Colombia's state-controlled Ecopetrol is targeting 2020 production of 740,000-760,000 barrels of crude and equivalents per day, up to 4% more than expected average output this...
(Buenavista Renewables, 29.Oct.2019) — Buenavista Renewables (BVR) and Micronesia Renewable Energy (MRE) have closed a US$4.3 million loan with Bank of Guam for the construction of the Latte Stone Solar...
(Argus, 29.Oct.2019) — Mexico expanded its clean energy certificates (CELs) to legacy, mostly hydropower generators previously excluded from the program, which was created primarily to boost new wind and solar...
(Reuters, Gram Slattery, 29.Oct.2019) — BP Plc wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a...
(Ecopetrol, 29.Oct.2019) — Ecopetrol S.A. announced the Ecopetrol Group's financial results for the third quarter and the first nine months of 2019, prepared in accordance with International Financial Reporting Standards...
(Hess, 29.Oct.2019) — Hess Corporation announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled...
(FT.com, Gideon Long, 28.Oct.2019) — Colombia’s proven oil reserves will run out within the next seven years and its gas reserves within 10. Faced with that bleak prospect, it needs...
(McDermott, 28.Oct.2019) — McDermott International, Inc. announced substantial completion of PEMEX Exploracion y Produccion's Abkatun-A2 Platform. The production platform is located in Mexico's Bay of Campeche in the Gulf of...
(Caribbean Life, George Alleyne, 25.Oct.2019) — In what may be emerging as a Caribbean energy triangle of sorts, Barbados and Trinidad and Tobago have signed a pact governing natural gas...
(Petrobras, 24.Oct.2019) — Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the sale of downstream assets, which...
(Reuters, 26.Oct.2019) — Mexican prosecutors have requested help from Interpol to locate the former head of Mexico’s oil workers union, Carlos Romero Deschamps, just days after he resigned amid allegations...
(Kallanish, 23.Oct.2019) — Brazil has collected some 900 tonnes of oil residue from its northeastern beaches since early September, the government said in a joint note Monday. According to the...
(Argus, 23.Oct.2019) — Colombian oil supplier Petromil is offering low API gravity, high viscosity 0.5pc sulphur maximum fuel oil for bunkering in Colombia. Petromil's low-sulphur fuel has typical sulphur content...
(Petrobras, 23.Oct.2019) — Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the...
(Reuters, Devika Krishna Kumar and Stefanie Eschenbacher, 23.Oct.2019) — Mexico’s finance ministry has completed a majority of its annual oil hedging program, working with at least four top investment banks...
(Asia Nikkel, Vandana Hari, 22.Oct.2019) — Climate activism has gone mainstream. From 16-year-old Greta Thunberg's tongue-lashing of world leaders at the U.N. for "stealing" her dreams and childhood to the...
(The Guardian, 22.Oct.2019) — Mining giant says contracts will cut energy prices by 20% and save 3m tonnes of carbon The mining giant BHP has signed four renewable energy contracts...
(AFPM, Chet Thompson, 22.Oct.2019) — In the last ten years the fracking revolution has led to amazing growth and vastly increased energy security for the United States. We’ve gone from...
(Reuters, Gram Slattery, Marta Nogueira, 22.Oct.2019) — Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to...
(Bloomberg, Sabrina Valle, 21.Oct.2019) — An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according...
(Oilprice.com, Julianne Geiger, 21.Oct.2019) — Brazil’s next oil auction, scheduled for November, may be the best one yet, raking in as much as $50 billion in auction proceeds, Bloomberg sources...
(Reuters, Jennifer Hiller, 21.Oct.2019) — The former chief of Chevron Corp’s Latin American operations is moving to raise $500 million from big financial firms to invest in Venezuela once U.S....
(Reuters, Marianna Parraga, 21.Oct.2019) — European refiner Nynas AB will suspend imports of Venezuelan crude following changes to a license allowing it to operate under U.S. sanctions, the company said...
(Reuters, 21.Oct.2019) — Italy’s biggest utility Enel said on Monday its business in Chile had not been impacted by the unrest which has hit the country and prompted the government...
(Echo, 21.Oct.2019) — Echo Energy entered into a binding conditional sale and purchase agreement (the "SPA" or "Acquisition Agreement") for the proposed acquisition by the company of a 70 per...
(Ecopetrol, 21.Oct.2019) — Ecopetrol S.A. reports that its subsidiary Ecopetrol Óleo e Gás do Brasil Ltda has entered into an agreement with Shell Brasil Petróleo Ltda. to acquire 30% of...
(Reuters, Barbara Lewis, 20.Oct.2019) — BHP, the world’s biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in...
(Energy Analytics Institute, Piero Stewart, 20.Oct.2019) — Heard on the street and LatAmNRG briefs related to EP PetroEcuador lifting force majeure and the programmed stoppage at the Esmeraldas Refinery. PetroEcuador...
(BBC, 20.Oct.2019) — Thousands of people have taken part in a huge clean-up operation to remove oil and tar from beaches along Brazil's north-eastern coast. Volunteers, as well as government...
(Frontera, 20.Oct.2019) — Frontera Energy Corporation will release its third quarter 2019 results after market on Thursday, November 7, 2019 followed by a conference call for investors and analysts on...
(Reuters, 20.Oct.2019) — Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced it to declare a force...
(Kosmos, 18.Oct.2019) — Kosmos Energy announced that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success...
(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,...
(Reuters, 18.Oct.2019) — Brazilian President Jair Bolsonaro questioned on Friday whether a far-reaching oil spill on the nation's northeastern shore may have been a criminal act designed to harm a...
(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA's joint venture Nynas AB despite US sanctions on the Venezuelan oil sector, the US...
(Reuters, Marianna Parraga and Corina Pons, 18.Oct2019) — Venezuela's opposition last week sent holders of state oil company PDVSA's 2020 bond a proposal to suspend legal actions for 90 days,...
(Reuters, Marianna Parraga, 18.Oct.2019) — U.S. oil major Chevron Corp is scheduled this month to receive at least one cargo of crude oil from sanctioned Venezuelan state oil company PDVSA,...
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud...
(OTC Brasil, 17.Oct.2019) — Organized by the Brazilian Petroleum, Gas and Biofuels Institute (IBP) and the Offshore Technology Conference (OTC), the 5th edition of OTC Brasil takes place 29–31 October...
(Braskem, 17.Oct.2019) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today formally launched its new I'm green™ Recycled polypropylene (PP) in...
(S&P Global Platts, Brian Scheid and Rosemary Griffin, 17.Oct.2019) — Chevron is pushing back against the Trump administration's plans to let the company's Venezuela sanctions waiver expire, arguing such a...
(Argus, 17.Oct.2019) — Venezuela's main political opposition is pressing for a deal with foreign bondholders to suspend a looming $914mn obligation that is tethered to coveted US refining assets. The...
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud...
(NYT, Elisabeth Malkin, 16.Oct.2019) — The longtime leader of Mexico’s oil workers union, a powerful figure who had become emblematic of graft in the state-owned oil company and yet seemed...
(Tass, 16.Oct.2019) — The government of Venezuela is ready to hand over full control over its state-run oil company PDVSA (Petroleos de Venezuela) to Russia’s Rosneft, El Nacional newspaper said...
(Frontera, 16.Oct.2019) — Frontera Energy Corporation accepted its notice to renew its normal course issuer bid (the NCIB) for its common shares. Pursuant to the NCIB, Frontera may purchase up...
(venezuelanalysis.com, 16.Oct.2019) — Venezuela’s CITGO could be seized by creditors. Venezuela’s opposition-held National Assembly (AN) passed a resolution Tuesday branding the country’s 2020 PDVSA bond “invalid.” The move comes on...
(Reuters, Gram Slattery and Marta Nogueira, 16.Oct.2019) — Brazil’s Senate passed the main text of a bill defining the distribution of proceeds from a blockbuster auction of oil prospecting rights,...
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2019) — Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm...
(Reuters, 15.Oct.2019) — A Brazilian Senate committee cleared the way for what may be a record-setting offshore oil rights auction on Tuesday, approving a government deal with state-run oil company...
(Naturgy, 15.Oct.2019) — Naturgy and Sonatrach entered into an agreement with Mubadala for the acquisition of the 42.09% stake that it holds in Medgaz. Following the completion of the transaction,...
(Reuters, Mariela Nava and Anggy Polanco, 15.Oct.2019) — Venezuelans in border areas are waiting up to six days to fill their cars and some report paying bribes to jump ahead...
(Reuters, Nidhi Verma and Marianna Parraga, 15.Oct.2019) — India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than...
(Petrobras, 15.Oct.2019) — Petrobras signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two...
(Argus, 15.Oct.2019) — Venezuela's opposition-controlled National Assembly signaled to bondholders today that it will not honor a $914mn principal and interest obligation because it says the debt issuance is unconstitutional....
(Bloomberg, Peter Millard, 14.Oct.2019) — For two years, Bolivia pushed to boost natural gas production, a longtime key to its prosperity, by drilling for new discoveries on its southeastern lowlands....
(Sempra, 14.Oct.2019) — Sempra Energy entered into an agreement to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía S.A. (Chilquinta Energía), to State...
(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a...
(Energy Analytics Institute, Piero Stewart, 12.Oct.2019) — The fuel supply in the province of Carchi has restarted with the arrival of 12 petrol tankers with extra and premium diesel produced...
(Petrobras, 11.Oct.2019) — Petrobras signed with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the...
(ANP, 11.Oct.2019) — Brazil’s Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) announced the dates for the next two bid rounds. The ANP’s bid round calendar includes two...
(QP, 10.Oct.2019) — Qatar Petroleum has won exploration rights in three offshore blocks in Brazil, as part of two bidding consortia. The winning bids were announced by Brazil’s National Agency...
(Energy Analytics Institute, Ian Silverman, 10.Oct.2019) — Repsol’s President Antonio Brufau said during a visit to Bolivia that natural gas is the only transitional energy. “All the countries that are...
(Frontera, 10.Oct.2019) — Frontera Energy Corporation announces a third quarter 2019 operational update and notice of financial results and conference call. All values in this news release and the Company's...
(Petrobras, 10.Oct.2019) — Petrobras acquired one offshore block in the 16th ANP Bidding Round under the Concession Regime, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP)....
(Chevron, 10.Oct.2019) — Chevron Brasil welcomes the results of Brazil’s 16th Bid Round. We are pleased to be part of the following five successful consortia, including two as the operator: ...
(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments...
(Reuters, 9.Oct.2019) — Some $700 million in investment spending by oil companies operating in Colombia is frozen because of contract delays caused by community protests and consultations, slow environmental licensing...
(Argus, 9.Oct.2019) — A new start-up company will acquire Trinidad and Tobago's 160,000 b/d refinery for $700mn and resume operations by third quarter 2020, the energy ministry tells Argus. Patriotic...
(Reuters, Marianna Parraga, 9.Oct.2019) — Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA...