(Fitch Ratings, 2.Jul.2020) — Fitch Ratings has downgraded Suriname's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'C' from 'CCC'. KEY RATING DRIVERS The downgrade of Suriname's Long-Term Foreign Currency...
(Amazon Watch, 2.Jul.2020) — Now 8 years since the court’s decision, the community will once again demand the Ecuadorian government comply with the ruling that requires the removal of buried...
(Galileo Technologies, 2.Jul.2020) — The Agreement was signed yesterday in Sao Paulo and will leverage Golar Power’s natural gas distribution Project, without pipelines, in the interior of Brazil. The project...
(YPF, 2.Jul.2020) — YPF Sociedad Anónima commenced an exchange offer for any and all of its outstanding US$1,000,000,000 aggregate principal amount of 8.500% Senior Notes due 2021 (the "Old Notes")...
(Reuters, 1.Jul.2020) — A federal court in Houston on Wednesday was expected to auction 100,000 barrels of gasoline that a shipping company suspected a Venezuelan shipping magnate close to the...
(Argus, 1.Jul.2020) — A cargo of Venezuelan crude has arrived at the 235,000 b/d refinery run by Italy's integrated Eni and Kuwait's state-owned KPC at Milazzo, Sicily. Around 1mn bl...
(Petrobras, 1.Jul.2020) — Petrobras is supporting the Task Force for Climate-related Financial Disclosures (TCFD), an initiative by the Financial Stability Board of the G20 group, which is comprised by 19...
(Eni, 1.Jul.2020) — Eni has successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called...
(Reuters, 1.Jul.2020) — Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil...
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
(Evercore ISI, 30.Jun.2020) — Maersk Drilling announced the 6th-Gen Maersk Developer was awarded a one-well exploration contract from Petronas for offshore Suriname. The $20.4M backlog includes integrated drilling services and...
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the...
(Atlas, 30.Jun.2020) — Atlas Renewable Energy, a leading renewable energy company in Latin America along with the American material science multinational company Dow announced the signing of a large-scale solar...
(Sempra, 30.Jun.2020) — Sempra Energy completed its business exit from South America, following the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds,...
(Reuters, 30.Jun.2020) — Brazil’s oil industry expects a recovery in domestic demand in the next months driven by growing China imports, but the negative effects of COVID-19 are expected to...
(S&P Global Platts, 30.Jun.2020) — Brazil's refineries returned close to pre-pandemic levels in June, despite several incidents at processing units across Latin America's biggest country that led to output volatility...
(Oilprice.com, 30.Jun.2020) — Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of...
(Reuters, 29.Jun.2020) — Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels...
(GlobalData, 29.Jun.2020) — Adrian Lara, Senior Oil & Gas Analyst at GlobalData, commented on announcements from Argentina’s government to implement a new plan for subsidizing oil and gas production in...
(Petrobras, 29.Jun.2020) — Petrobras said the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. (Transpetro), approved the creation of a Voluntary Severance Program (PDV), exclusive to its employees....
(Petrobras, 29.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin,...
(Petrobras, 29.Jun.2020) — Petrobras reports that the platforms (P74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th...
(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies...
(WoodMac, 28.Jun.2020) — Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection today, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to...
(Stabroek News, 27.Jun.2020) — Allegations of mass vote fiddling in the former British colony of Guyana may lead to the country’s discredited government being ostracised unless a court hearing next...
(Reuters, 27.Jun.2020) — Leaders of Sudan, Ethiopia and Egypt said they were hopeful that the African Union (AU) could help them broker a deal to end a decade-long dispute over...
(Petrobras, 26.Jun.2020) — Petrobras announces that, following up to the release disclosed on 25 July 2019, it has received R$ 265 million related to the second installment of the leniency...
(Petrobras, 26.Jun.2020) — Petrobras said its Board of Directors has approved the company's new Code of Ethical Conduct. The document, which unites the Code of Ethics with the Guide to...
(Stabroek News, 26.Jun.2020) — The Ministry of the Presidency this morning said that nineteen companies have been shortlisted for the marketing of Guyana’s oil from the Liza Destiny FPSO. A...
(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on...
(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter and services deals for the...
(Energy Analytics Institute, 26.Jun.2020) — Colombia’s president Ivan Duque announced his naming of Diego Mesa as the country’s new Mines and Energy Minister, replacing María Fernanda Suárez, who resigned for...
(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a...
(Scania, 25.Jun.2020) — Scania has started the delivery of 355 Euro 6 buses for Santiago de Chile's public transport system. Deliveries to the operator Express Uno commences in June and...
(Argus, 25.Jun.2020) — LNG exporter Trinidad and Tobago has reduced the crude and natural gas price assumptions in its national budget. According to the finance ministry's mid-year economic review obtained...
(Total, 25.Jun.2020) — Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing...
(Total, 25.Jun.2020) — Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos...
(Petrobras, 25.Jun.2020) — Petrobras reports that it started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of...
(WoodMac, 24.Jun.2020) — According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry. Andrew Pearson, vice president, upstream, said: “This...
(Reuters, 24.Jun.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the...
(Argus, 24.Jun.2020) — Iranian president Hassan Rohani has reiterated Iran's willingness to resume talks with the US, but only if Washington apologises for withdrawing from the 2015 nuclear deal, returns...
(Reuters, 24.Jun.2020) — Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S....
(Sputnik, 24.Jun.2020) — Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging to these entities over their...
(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s killed thousands and destroyed towns across the country. The...
(Energy Analytics Institute, 24.Jun.2020) — The US, under Executive Order 13599, today said it is sanctioning five Iranian ship captains, who delivered approximately 1.5 million barrels of Iranian gasoline and...
(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas...
(Braskem, 24.Jun.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces the construction completion of its newest, world-class polypropylene production...
(Aker, 24.Jun.2020) — Aker Solutions has been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project in the North Sea. The...
(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a very good morning to you...
(Petrobras, 24.Jun.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mr. Ruy Flaks Schneider for the position of member of the...
(Petrobras, 24.Jun.2020) — Petrobras, regarding to the news published in the media, clarifies that the date to receive the binding proposals for the divestment project of the Landulpho Alves refinery...
(Petrobras, 24.Jun.2020) — Petrobras, following up on the release disclosed on December 20, 2019, informs that its Executive Board approved a change in the deadline for certain conditions set forth...
(Reuters, 23.Jun.2020) — Foreign investment in Latin America risks “drying out” due to economic turmoil and fiscal instability sparked by the COVID-19 pandemic, especially if Chinese-led commodity demand remains weak,...
(Reuters, 23.Jun.2020) — The fiscal fallout of the coronavirus pandemic and low oil prices could affect Colombia for several years, Richard Francis, director of sovereign ratings at ratings agency Fitch,...
(Reuters, 22.Jun.2020) — Mexico's antitrust regulator said on Monday it had filed a suit at the Supreme Court against the energy ministry, arguing that steps taken by the government last...
(JinkoSolar, 22.Jun.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced that it will supply 60.9 MW of bifacial...
(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established democracies laboring towards the well-being...
(AP, 20.Jun.2020) — Venezuela's socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same time it was secretly paying...
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining...
(Petrobras, 19.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Atum, Curimã, Espada and Xaréu fields,...
(Argus, 18.Jun.2020) — Venezuelan ownership of the country's most valuable overseas asset may rest on opposition leadership convincing a US court that it restored refiner Citgo's independence and remains a...
(Argus, 18.Jun.2020) — ExxonMobil has restored crude production offshore Guyana to 80,000 b/d after correcting a technical glitch, according to the head of the country's environmental agency EPA Vincent Adams....
(Bloomberg, 18.Jun.2020) — The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country. Libre...
(US Department of Treasury, 18.Jun.2020) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign entities, and identified two vessels...
(Reuters, 17.Jun.2020) — Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country’s top gas station operator, Petrobras Distribuidora SA, two people...
(Petrobras, 17.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore and shallow...
(Petrobras, 17.Jun.2020) — Petrobras, regarding to the news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that, according to the press...
(Touchstone, 16.Jun.2020) — Touchstone Exploration Inc. announced on 15 June 2020 the conditions precedent were satisfied in respect of its previously announced $20 million, seven-year term loan agreement with Republic...
(GECOM, 16.Jun.2020) — After considerable deliberations at the Commission on the report submitted by Chief Election Officer(CEO), Mr. Keith Lowenfield on the National Recount of votes cast in the 2...
(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country’s politics in recent decades, lost last month’s national election, the country’s electoral authority said...
(Reuters, 16.Jun.2020) — Venezuela’s oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and...
(Petrobras, 16.Jun.2020) — Petrobras’ Board of Directors approved the date of 22 July 2020 for the Annual General Meeting (AGM) in accordance with the Provisional Measure No. 931/2020 and CVM...
(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country's politics in recent decades, lost last month's national election, the country's electoral authority said...
(Carter Center, 16.Jun.2020) — The Carter Center commends the Guyana Elections Commission on the completion of the recount process and welcomes the CARICOM report, which indicates that despite minor flaws...
