(Tecpetrol, 17.Aug.2017) — Tecpetrol S.A. entered into an agreement on August 16, 2017 for the sale of its interest in joint venture Río Atuel to Petrolera El Trébol S.A. for...
(Platts, 11.Aug.2017) — Pemex has yet to announce the next phase of its refined products logistics open season, which could be impacting investment decisions on new midstream projects in Mexico,...
(Exxon Mobil, 25.Jul.2017) – Exxon Mobil Corporation announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels....
(Reuters, 23.Jun.2017) — Breakeven prices in Argentina’s Loma Campana shale field are $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10...
(Exxon Mobil, 13.Jul.2017) – Exxon Mobil Corporation announced that its subsidiary ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block...
(9.Jul.2017, PBS NewHour) – Despite having the largest oil reserves in the world, Venezuela’s economy is in a freefall, necessities have become scarce and tens of thousands of residents are...
(Energy Analytics Institute, Aaron Simonsky, 16.Jan.2017) – Refining utilization rates at PDVSA’s six domestic refineries averaged 30.7 percent in 2016 owing to permanent and temporary plant shut downs and continued...
(Platts, 30.Jun.2017) — Mexican state-run utility CFE has canceled its auction to bring natural gas into the Pacific state of Baja California Sur, the company said. CFE said the gas...
(Energy Analytics Institute, 28.Jun.2017) — Shell announced that the force majeure on Bonny Light exports was lifted effective 12:00 hours (Nigerian time). The lifting of the force majeure happened sometime...
(Exxon Mobil, 16.Jun.2017) – Exxon Mobil Corporation said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the...
(Pacific Rubiales, 12.Jun.2017) — Pacific Exploration & Production Corporation changed its corporate name to Frontera Energy Corporation to mark the beginning of a new era for the Company. The Company's...
(BPTT, 1.Jun.2017) — Watch BPTT’s Angelin platform come to live in this time lapsed video. See the amazing progress of the BPTT Angelin platform being built in Altamira, Mexico https://twitter.com/i/status/958759230869090304...
(BPTT, 1.Jun.2017) — BP Trinidad and Tobago LLC announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform...
(Tecpetrol, 24.May.2017) — Tecpetrol S.A. sold its interest in Tecpetrol de Bolivia S.A. to its parent company, Tecpetrol Internacional S.L.U., for $189,000 on May 23, 2017. Through the above mentioned...
(Reuters, 23.Mar.2017) — State-owned China National Petroleum Corporation (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in coming years, Rafael Zoeger, the...
(Energy Analytics Institute, Ian Silverman, 23.May.2017) – PDVSA President Eulogio Del Pino announced that he fully backs Venezuelan President Nicolás Maduro in the Constituent Assembly process to defeat what he...
(Energy Analytics Institute, Ian Silverman, 23.May.2017) – Venezuelan petroleum sector workers accompanied Venezuelan President Nicolás Maduro during a march for peace to the headquarters of the National Electoral Council (CNE...
(Energy Analytics Institute, Pietro D. Pitts, 22.May.2017) – In recent weeks PDVSA has reported at least three accidents: Petrotrin oil spill in Sucre state and incidents at its Cardon and...
(Energy Analytics Institute, Piero Stewart, 21.May.2017) – PDVSA and Shell continue to conduct discussions related to the exportation of Venezuelan natural gas to the twin-nation island of Trinidad and Tobago,...
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA reiterated in a twitter post that once the authorities from Trinidad and Tobago notified the company of the Petrotrin oil spill that...
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA announced that it has completely controlled a fire that occurred at its Isla de Curacao refinery. The incident occurred at the distillation...
(Energy Analytics Institute, Piero Stewart, 20.May.2017) – PDVSA announced that clean-up activities continue along the Venezuelan coast off Sucre state, related to the spill of crude oil at the Pointe-à-Pierre...
(Piero Stewart, Energy Analytics Institute, 20.May.2017) – Petroleum production below historic average levels, economic distortions on all fronts, the problem with Venezuela, which is clear for the financial markets, is...
(Piero Stewart, Energy Analytics Institute, 20.May.2017) – “This government doesn’t want to reduce inflation because this government, generating inflation uses it to finance itself,” said opposition lawmaker and Economist José...
(Energy Analytics Institute, Aaron Simonsky, 20.May.2017) – PDVSA continues to guarantee the supply of fuels across the country despite ongoing protests, reported PDVSA in an official statement, citing Commerce and...
(Energy Analytics Institute, Jared Yamin, 19.May.2017) – In recent weeks, a reported 66 companies in Venezuela dedicated to the collection of milk have closed their doors and stopped distribution activities...
(Energy Analytics Institute, Ian Silverman, 18.May.2017) – PDVSA has reinforced effects to protect is fuel supply amid ongoing protests across Venezuela. Several protests have led to incidents affecting gasoline distribution...
(Energy Analytics Institute, Jared Yamin, 17.May.2017) – Argentina started importing natural gas from Chile, and will continue over an estimated three month period in order to cover increased demand during...
(Energy Analytics Institute, Ian Silverman, 16.May.2017) – PDVSA halted the catalytic cracking unit at the 310,000 barrel-per-day Cardón refinery in Punto Fijo, reported Reuters, citing a worker at the plant...
(Energy Analytics Institute, Aaron Simonsky, 16.May.2017) – PDVSA in alliance with Camimpeg (Compañía Anónima Militar de Industrias Mineras, Petrolíferas y Gas) and Southern Procurement Services (SPS) plan to boost production...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Petrolera Indovenezolana opened a Saltwater Injection Plant in Zuata North field, Anzoátegui state to boost production and prevent reservoir declination. The field, located...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – The president of Siderúrgica del Orinoco (Sidor), Justo Noguera Pietri, announced the mineral sector in Guayana was under threat from persons stealing the...
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago....
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA announced construction of a 100-MW electric generation plant located in Barinas state had reached the 98% mark in terms of completion. Work...
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA participated in the Offshore Technology Conference held in Houston, Texas from 1-4.May.2017. PDVSA Gas Vice President César Triana headed a sizable contingent,...
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – Venezuelan President Nicolas Maduro said during a speech televised on national TV that “rain, thunder or lightning, in Venezuela there would be presidential...
(Schlumberger, 12.Apr.2017) — Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in...
(SAExploration, 12.Apr.2017) — SAExploration Holdings, Inc. (SAE) announced the signing of a three year agreement with Hocol S.A. to be its provider of seismic acquisition services in Colombia. Founded in...
(Tecpetrol, 6.Apr.2017) — Tecpetrol S.A. sold its interest in GEA-GEO Energy Alternatives S.A. to Techint Inversiones S.A.I.F. for a reported $145,000 on April 6, 2017, announced by Tecpetrol in a...
(Petrobras, 1.Apr.2017) – Petrobras announced that, on March 30, 2017, Consortium BM-S-11 received a notice of violation issued by the National Petroleum, Natural Gas and Biofuels Agency (ANP), relating to...
(Exxon Mobil, 30.Mar.2017) – Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as...
(Petrobras, 30.Mar.2017) – Platform is now at Brasfels shipyard in Angra dos Reis On March 28, the hull of floating production, storage and offloading vessel (FPSO) P-69 arrived at the...
(Petrobras, 30.Mar.2017) – Petrobras, in continuation to the material facts of 10/6/2016, 12/20/2016, and 3/15/2017 and to the press release of 11/21/2016, clarifies that it has notified the Federal Supreme...
(Petrobras, 27.Mar.2017) – Petrobras, as stated in Circular Letter CVM/SEP/01/2017, reported that it has received a request for the replacement of the substitute candidate to the Fiscal Council (FC) nominated...
(Petrobras, 27.Mar.2017) – Petrobras informed that the Extraordinary General Shareholders Meeting, held in the Auditorium of the company's headquarters on Avenida Republic of Chile nº 65-1st floor, in the city...
(Petrobras, 27.Mar.2017) – Petrobras reports that in the meeting held yesterday Petrobras' Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the company's...
(Petrobras, 27.Mar.2017) – Petrobras, in continuation to the material fact disclosed on December 28, 2016, informed that, the Shareholders’ Extraordinary General Meeting approved the sale of 100% of the shares...
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – Venezuela’s President Nicolas Maduro announced that this year the South American country would change its oil rentier model for an economic model whereby...
(Energy Analytics Institute, 26.Mar.2017) – Houston-based Citgo Petroleum Corporation, the U.S.-based refinery arm of PDVSA, had to skip out on sending heating oil to citizens in the U.S. northeast under...
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – An inability to boost foreign and domestic investments in Venezuela’s oil sector in 2017 will result in further declines in the Caribbean nation’s...
(Chet Morrison, 25.Mar.2017) — TOFCO recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad. The project marks a milestone for Trinidad and...
(Petrobras, 24.Mar.2017) – Petrobras informed that the Administrative Board of Tax Appeals (CARF) issued on 3/22/17 a decision in favor of the Company, in the administrative proceeding that addresses the...
(Petrobras, 23.Mar.2017) – Petrobras’ results in 2016 were marked by a significant improvement in its operational performance over the course of the year, reflected in a reversal from the loss...
(Reuters, Eliana Raszewski, 23.Mar.2017) — Argentina’s Tecpetrol, part of the Techint Group, said on Thursday it would invest $2.3 billion in the Vaca Muerta shale fields through 2019, the largest...
(Petrobras, 23.Mar.2017) – Petrobras informed that Mr. Paulo José dos Reis Souza, member of the Fiscal Council, submitted his resignation to the post, effective on March 27, 2017. The election...
(World Fertilizer, Louise Mulhall, 22.Mar.2017) — Over the coming days, 500 special containers will be shipped to the ammonia and urea plant, which will be used to export granular urea...
(Petrobras, 21.Mar.2017) – Petrobras and its partners are committed to implementing the production sharing agreement (PSA) for the Libra area, executed in 2013 and for which Libra Pilot, the first...
(Pemex, 18.Mar.2017) – Mexican President Enrique Peña Nieto presided over the commemoration ceremony on March 18, 2017 at the maritime terminal of Ciudad del Carmen, Campeche. He assured that Petróleos...
(Pemex, 17.Mar.2017) – José Antonio González Anaya, General Director of Petróleos Mexicanos, met with the family members of the workers who were injured in the explosion of the Dispatch Terminal...
(Moody's Investors Service, 17.Mar.2017) – Moody's Investors Service affirmed the ratings of the notes issued by Cosan Overseas Limited and Cosan Luxembourg S.A. and guaranteed by Cosan at Ba3. At...
(Energy Analytics Institute, Ian Silverman, 15.Mar.2017) – The Oxford Business Group said that Colombia only stands to benefit from further internationalizing its currency as it attempts to diversify its sources...
(President Energy Plc, 15.Mar.2017) – President Energy Reports Audited Argentine Reserves Upgrade President Energy Group 2P Hydrocarbon Reserves now in excess of 20 MMBoe. Highlights: -- Argentine 1P Oil Reserves...
(Petrobras, 15.Mar.2017) – Petrobras, in continuation to the material facts disclosed on 12/8/2016 and 12/20/2016, reports that the decision by the Federal Accounting Court (TCU) issued, repealed the preventive order...
(Pemex, 15.Mar.2017) – Last December 20th, the application period for those interested in participating in the first Open Season auction, was opened. From March 10, they submitted their financial proposals...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Venezuela expects to receive between $120,000 and $150,000 per day from the sale of its gasoline along the Colombian border, reported the daily...
(Moody's, 15.Mar.2017) – On 15 March 2017 Moody's changed the outlook on the Government of Brazil's Ba2 rating to stable from negative, reflecting Moody's expectation that the downside risks are...
(Petrobras, 14.Mar.2017) – Petrobras’ oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), with 2.703 million boed produced in Brazil and 113,000...
(President Energy Plc, 12.Mar.2017) – President Energy announced that the first workover of a previously producing well, DP12 at the Dos Puntitas field, has been completed on time and on...
(Energy Analytics Institute, Fidencio Casillas, 12.Mar.2017) – Mexico consumed 193 million liters of fuel in January 2017, state oil company Petróleos Mexicanos (Pemex) Gasolinera wrote in a twitter post. Of...
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – Venezuela, the country with the world’s largest crude oil reserves, also continues to hold the world’s eighth largest accumulation of natural gas reserves...
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – PDVSA said that the start of the Jusepin 200 gas processing plant will allow its affiliate PDVSA Gas to reduce gas flaring by...
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – The water level at Venezuela’s Guri Dam was at 261 meters above sea level as of March 1, 2017, and up 12 meters...
(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – The entire population of the city El Alto will have access to domestic gas service in 2018. Bolivia’s state oil company Yacimientos Petrolíferos...
(Energy Analytics Institute, Clifford Fingers III, 10.Mar.2017) – Ecuador's Shushufindi refinery has the capacity to bottle or fill 20,000 cylinders per day of liquefied petroleum gas or LPG, Ecuador's Hydrocarbon...
(Petrobras, 10.Mar.2017) – Petrobras understands that the content disclosed to the market on the Strategic Alliance with Total on 10/24/2016, 12/21/2016 and 3/1/2017, includes the relevant information about this partnership,...