NRGBriefs: Road Blockages in Southern Bolívar Impacting Oil Production

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(Energy Analytics Institute, 20.Jan.2022) — Energy briefs including road blockages impacting gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern Bolívar department; geopolitical issues in Iran and Ukraine potentially positively impacting Venezuela; and TechnipFMC (NYSE:FTI) (PARIS:FTI) planning to issue its 4Q:21 earnings release after the close of the New York Stock Exchange (NYSE) on 23 Feb. 2022.

LATIN AMERICA AND THE CARIBBEAN

Colombia

— Gas service to at least 5,618 users in the municipalities of Cantagallo and San Pablo, in southern Bolívar department, has been impacted by road blockages generated by communities surrounding Ecopetrol’s Cantagallo oil and gas field in Middle Magdalena, the state oil giant said 20 Jan. 2022 in an official stmt. As a result, the co. was forced to shutter 64 wells, impacting production of more than 5,000 bbls of oil and the shipment of gas to distribution cos. in the region.

Venezuela

— Geopolitical issues brewing related to a nuclear deal between the US and Iran and a potential war in the Ukraine due to Russian aggressions have potential to positively impact Venezuela’s oil sector due to a potential rise in oil prices and demand for Venezuelan oil, analyst tell Energy Analytics Institute (EAI).

NORTH AMERICA

US

TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its 4Q:21 earnings release after the close of the New York Stock Exchange (NYSE) on 23 Feb. 2022. The co. will also host its 4Q:21 earnings conf. call on 24 Feb. at 1pm London time (8am NYC). The event will be webcast live and can be accessed here investors.technipfmc.com or https://edge.media-server.com/mmc/p/srjguomx.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

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