(PentaNova Energy Corp., 27.Jun.2018) – PentaNova Energy Corp. announced that Ms. Susannah Pierce, who joined the board in 2017, resigned from the company’s Board of Directors on June 21, 2018...
(Petrobras, 27.Jun.2018) – Petrobras informs that its Board of Directors, at a meeting held today, appointed the engineer Rafael Salvador Grisolia to the position of Chief Financial and Investor Relations...
(Natural Gas Intelligence, Carolyn Davis, 27.Jun.2018) – The mantra for a San Antonio, TX-based midstream operator, whose portfolio is increasingly weighted to southern destinations, could well be what’s good for...
(Reuters, 27.Jun.2018) – Venezuela's 645,000 barrel-per-day (bpd) Amuay refinery has halted its catalytic cracking unit and its distillation unit No. 5, a refinery worker and a union leader said on...
(LoopTT, 27.Jun.2018) – Minister in the Office of the Prime Minister, Minister in the Ministry of the Attorney General and Legal Affairs and Minister of Communications Stuart Young led a...
(AIPN, 27.Jun.2018) – Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select...
(Energy Analytics Institute, Jared Yamin, 26.Jun.2018) – Echo Energy plc announced a significant light oil column has been interpreted in its third well, onshore Argentina. The EMS-1001 well, located in...
(Mexico News Daily, 26.Jun.2018) – The capacity to generate geothermal energy is a veritable superpower within Mexico’s enormous energy potential but a significant barrier stands in the way of reaping...
(Renews, 26.Jun.2018) – The Colombian government will next month publish the initial heads of terms for the South American country’s first ever auction for renewables other than large hydro. Energy...
(BHP Billiton, 26.Jun.2018) – On 2 March 2016, Samarco Mineração S.A., Vale S.A., BHP Billiton Brasil Ltda (the Companies), and the Federal Government of Brazil, the Brazilian states of Espirito...
(Wall Street Journal, 26.Jun.2018) – Rising oil prices are not good for consumers, or for President Trump's administration. The Wall Street Journal's Gerald F. Seib explains the rise in oil...
(Reuters, 26.Jun.2018) – Venezuela’s PDVSA and Chevron have begun to restart their 210,000-barrel-per-day (bpd) Petropiar heavy crude upgrader after a nearly month-long, repair-related shutdown and a fire, according to the...
(Argus, 26.Jun.2018) – Venezuelan state-owned PdV is restarting its 210,000 b/d PetroPiar upgrader this week after completing month-long repairs, PdV and energy ministry officials said. Chevron, which has a 30pc...
(Energy Analytics Institute, Piero Stewart, 26.Jun.2018) – The early morning incident occurred at the José Antonio Anzoátegui Industrial Complex (CIJAA) in Barcelona, Venezuela. The fire occurred at the hydro processing...
(ThinkGeoEnergy, 26.Jun.2018) – Indicated in a recent webinar as part of the upcoming GEOLAC geothermal conference, a new price mechanism specifically tailored towards geothermal is being considered for Mexico. As...
(Energy Analytics Institute, Piero Stewart, 25.Jun.2018) – Ministers from the Oil Exporting Countries Organization (OPEC) announced during meetings in Vienna, Austria that the 5th OPEC+ countries Ministerial Meeting will take...
(E&Pmag, Brunno Braga, 25.Jun.2018) — Argentina is working to increase its attractiveness in the energy sector in a region where other countries such as Brazil, Guyana and Mexico have lured...
(Financial Times, Benedict Mander, 25.Jun.2018) – The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of...
(Petrobras, 25.Jun.2018) – Petrobras started production of Tartaruga Verde field, in deep waters of Campos Basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about...
(Energy Analytics Institute, Ian Silverman, 25.Jun.2018) – The Canadian company plans to use majority of proceeds to repurchase notes due in 2021. Frontera Energy Corporation completed the offering of $350...
(Reuters, 21.Jun.2018) – Brazil's top labor court ruled in favor of workers at Brazil's state-controlled oil giant Petroleo Brasileiro in a wage spat that could cost the world's most indebted...
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Argentina’s recently appointed Energy Minister Javier Iguacel conducted meetings with executives from gas distributors and transporters in the Southern Cone country to discuss...
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Bolivia has named as a new director at YPFB Transporte. Luis Arce, who served as Bolivia’s Economic and Finance Minister from January 23,...
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Newsan Group and Vestas have earmarked investments of $22.4 million in Argentina. Newsan Group, an Argentina producer of domestic appliances and the country's...
(OilPrice.com, Tsvetana Paraskova, 24.Jun.2018) – While the U.S. shale production in the Permian has been grabbing most of the market and media attention over the past two years, the Gulf...
(PTI, 23.Jun.2018) – India and Cuba have agreed to enhance cooperation in biotechnology, renewable energy and traditional medicine as President Ram Nath Kovind held wide-ranging talks with his Cuban counterpart...
[caption id="attachment_810" align="alignnone" width="1280"] PDVSA's 140,000 barrel-per-day El Palito refinery in Carabobo state. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 23.Jun.2018) – PDVSA’s El Palito refinery has been in service...
(MarketPlace.org, Lorne Matalon, 22.Jun.2018) – Antonio Godinez Vera makes his living turning golden kernels of Mexican corn into a mash that becomes tortillas. People like Godinez, a small business owner...
(Energy Analytics Institute, Piero Stewart 22.Jun.2018) – Canada’s Frontera Energy Corporation successfully priced an offering of $350 million. The offering was comprised of senior unsecured notes due 2023 at a...
(Inter Press Service, Daniel Gutman, 22.Jun.2018) – As in other Latin American countries, in recent years China has been a strong investor in Argentina. The environmental impact and economic benefits...
(Bloomberg, Jonathan Gilbert, 22. Jun.2018) – Javier Iguacel has left the road for the oilfield, and that may mean a complete about-face on Argentine energy policies. Iguacel, who’d led Argentina’s...
[caption id="attachment_804" align="alignnone" width="1080"] PDVSA's Manuel Quevedo in Vienna, Austria. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 22.Jun.2018) – Venezuela’s Oil Minister Manuel Quevedo spoke out in Europe against U.S....
(Energy Analytics Institute, Aaron Simonsky, 22.Jun.2018) – Colombia boosted the number of exploration wells drilled by 77% during the most recent seven years compared to the earlier seven. Colombia drilled...
[caption id="attachment_792" align="alignnone" width="800"] Twitter post from Ecuador's Hydrocarbon Ministry.[/caption] (Energy Analytics Institute, Jared Yamin, 22.Jun.2018) – OPEC is looking to boost crude oil output by 1 million barrels per...
(Natural Gas Intelligence, Carolyn Davis, 22.Jun.2018) – The Permian Basin’s growing natural gas volumes may provide the perfect aperitif to quench Mexico’s thirst, according to Kinder Morgan Inc. The Houston-based...
(Energy Analytics Institute, Ian Silverman, 22.Jun.2018) – Frontera Energy Corporation aims to lower certain costs in Colombia. The Canadian company continues with efforts to reduce its transportation costs, including those...
(CNBC, 22.Jun.2018) – Manuel Quevedo discusses the meeting of the world's top oil producers in Vienna. Venezuela's Oil Minister Quevedo, who also serves as the President of PDVSA, discusses the...
(Energy Analytics Institute, Aaron Simonsky, 22.Jun.2018) – Wind capacity in Colombia will add 1,360 megawatts of generation capacity to its energy grid. The South American country’s Mines and Energy Ministry...
(Energy Analytics Institute, Piero Stewart, 22.Jun.2018) – US-based ExxonMobil Corporation and partners continue to invest in small-to-medium sized enterprises in Guyana. Irving, Texas-based ExxonMobil and project partners spent $24 million...
(OilPrice.com, Tsvetana Paraskova, 22.Jun.2018 – The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday....
(Xinhua, 22.Jun.2018) – Argentinian President Mauricio Macri oversaw the inaugurations of Energy Minister Javier Iguacel and Production Minister Dante Sica on Thursday during a ceremony at the government's headquarters. Macri...
(Energy Analytics Institute, Ian Silverman, 21.Jun.2018) – A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for...
(PentaNova Energy Corp., 21.Jun.2018) – PentaNova Energy Corp. announced signing of the SN-9 Farm Out Agreement with Panacol Oil & Gas, a wholly owned subsidiary of LATAM Oil & Gas....
(EIA, 21.Jun.2018) – Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil...
(PTI, 21.Jun.2018) – India will also extend a Line of Credit of USD 27.5 million to support a power transmission project in PikinSaronarea and another Line of Credit of USD...
(Oilprice.com, Tsvetana Paraskova, 20.Jun.2018) – While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will go, several other countries in...
(Energy Analytics Institute, Ian Silverman, 20.Jun.2018) – The investment entails construction of a new isomerization plant and associated pond for the storage of gasoline. The project is part of a...
(The Council on Foreign Relations, Amy Myers Jaffe, 20.Jun.2018) – Mexico’s energy reform has taken important first steps but to come to full fruition, several additional critical reforms remain to...
(Energy Analytics Institute, Piero Stewart, 20.Jun.2018) – Irving, Texas-based Exxon Mobil Corporation’s good luck continues in Guyana. The oil giant announced it has made its eighth oil discovery offshore Guyana...
(Energy Analytics Institute, Ian Silverman, 20.Jun.2018) – Colombia’s state oil company Ecopetrol S.A. announced it will prepay all loans entered into in 2013 with international banks and guaranteed by the...
(UPI, Daniel J. Graeber, 19.Jun.2018) – Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows soon, an industry report found....
(The Council on Foreign Relations, Amy Myers Jaffe, 19.Jun.2018) – As energy ministers from major oil producing countries gather in Vienna this week to discuss the stability of global oil...
(FinancialBuzz.com, 19.Jun.2018) – Despite the recent downturn in oil prices, Goldman Sachs remains optimistic. According to Reuters, Goldman Sachs forecast a tighter oil market for a longer duration due to...
(Reuters, Maximilian Heath, 17.Jun.2018) – Argentina´s government said on Saturday that it would replace its energy and production ministers, just two days after the resignation of former Central Bank President...
[caption id="attachment_803" align="alignnone" width="2000"] PDVSA's Manuel Quevedo speaking in Caracas. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 17.Jun.2018) – Venezuela’s Oil Ministry and PDVSA reiterated joint plans to boost crude...
(Reuters, 17.Jun.2018) – Reuters) - China’s imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output...
(Bloomberg, 17.Jun.2018) – The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home. Energy Secretary Rick Perry will help Argentina connect with U.S. companies...
[caption id="attachment_893" align="alignnone" width="800"] Luis Poma and Vitaly Markelov at signing ceremony. Source: Gazprom[/caption] (Energy Analytics Institute, Jared Yamin, 16.Jun.2018) – Russian oil giant Gazprom remains attracted to the hydrocarbon...
(OilPrice.com, Tsvetana Paraskova, 15.Jun.2018) – Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry experts tell Platts....
(Energy Analytics Institute, Piero Stewart, 15.Jun.2018) – A brief look at Lake Maracaibo’s descent into chaos. The Maracaibo basin has produced over 43 billion barrels of petroleum, and close to...
[caption id="attachment_578" align="alignleft" width="610"] ENAP's AM3 platform. Source: ENAP[/caption] (Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Chile’s ENAP plans investments of $354 million in a project located in the eastern...
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Production costs at the state entity remain below the $20 per barrel mark. PetroAmazonas EP’s production costs rose slightly to $17.01/bbl in May...
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Ecuador’s EP PetroEcuador announced all its activities continue under normal conditions after a magnitude 5 earthquake was reported this morning in Ecuador. The...
(Finance Colombia, Jared Wade, 14.Jun.2018) –Colombia produced an average of 865,987 barrels of oil per day in May, an uptick of 1.6% over May 2017 according to government figures. This...
(G20.org, 15.Jun.2018) — We, the G20 Energy Ministers, met in San Carlos de Bariloche (Argentina) , on 15 June , 2018, to promote the role of energy in promoting fair...
(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) – Ecuador’s production of crude oil reached 519 thousand barrels per day (Mb/d) in May 2018, up compared to 518 Mb/d in April 2018,...
(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) – Colombia’s National Hydrocarbon Agency (ANH by its Spanish acronym) approved the new oil and gas exploration and exploitation contract model for offshore areas....
(Reuters, Luc Cohen, 15.Jun.2018) – Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to...
(Xinhua, 14.Jun.2018) – Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering in Argentina's southwestern city of...
(Reuters, Luc Cohen, 14.Jun.2018) – Argentina will begin exporting natural gas to neighboring Chile before the end of the year, the energy ministers of both countries said on Thursday, as...
(Natural Gas Intelligence, Carolyn Davis, 14.Jun.2018) – Mexico’s historic energy reform launched four years ago may hit a few bumps if, as expected, left-wing presidential candidate Andres Manuel Lopez Obrador...
(JIS, 14.Jun.2018) – The Government has saved $230 million, to date, and reduced environmental emissions from the implementation of major programmes in energy efficiency, conservation and management. The Petroleum Corporation...
(Renewables Now, 14.Jun.2018) – Acciona SA started commissioning its 183-MW El Cortijo wind farm in Mexico, the Spanish infrastructure group said on Wednesday. This is the first wind farm of...
(Energy Analytics Institute, Piero Stewart, 14.Jun.2018) – Venezuela's oil production continues its downward slope. Venezuela’s crude oil production fell to 1.392 million barrels per day (MMb/d) in May 2018, according...
(Energy Analytics Institute, Ian Silverman, 14.Jun.2018) – PDVSA announced its subsidiary PDV Mantenimiento oversaw the successful start up of the High Vacuum 3 (AV3) Plant at the Cardón Refinery located...