ENERGY ANALYTICS INSTITUTE (EAI), Author at Energy Analytics Institute (EAI)

Tullow Peru Update: Blocks Z-67 And Z-68

(Tullow, 17.Jul.2020) — Tullow is also working closely with the government to secure additional licenses. The Marina-1, non-operated exploration well, drilled in block Z-38 offshore […]

CITGO Names Edgar Rincon COO, Executive VP

(Citgo, 17.Jul.2020) — The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting […]

Petrobras On Cumulative Vote Process For AGM

(Petrobras, 17.Jul.2020) — Petrobras, in compliance with article 30, item XXXIV of CVM Instruction 480/09, informs that it received from shareholders who jointly hold more […]

YPF Reports Early Exchange Offer Participation

(YPF, 17.Jul.2020) — YPF S.A. announced results of the Early Participation Date (as defined below) with respect to its previously announced exchange offer to exchange […]

Petrobras Informs On Vantage Arbitration Case

(Petrobras, 17.Jul.2020) — Petrobras, following up on the releases disclosed on 17 May 2019 and 21 June 2019, informs that, yesterday, the United States Court […]

Ocean Infinity Completes Offshore Project In Guyana

(Ocean Infinity, 16.Jul.2020) — Ocean Infinity, a marine robotics company, successfully completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana. The project […]

bpWE To Buy Full Ownership Of Fowler Ridge 1 Wind Asset

(bpWE, 16.Jul.2020) — bp Wind Energy (bpWE) agreed to acquire the remaining 50% interest in the bp operated, Fowler Ridge 1 wind asset from its […]

Siemens To Establish Mobile Working As “New Normal”

(Siemens, 16.Jul.2020) — Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during […]

Petrobras On OGCI’s Carbon Reduction Target

(Petrobras, 16.Jul.2020) — Petrobras informs that the Oil and Gas Climate Initiative (OGCI), an organization which Petrobras is a member, established a new collective target […]

OGCI Sets Carbon Intensity Target

(OGCI, 16.Jul.2020) — The Oil and Gas Climate Initiative (OGCI) announced a target to reduce the collective average carbon intensity of member companies’ aggregated upstream […]

Colombia Relaunches Bid Process For LNG Terminal

(Shearman & Sterling, 15.Jul.2020) — The Colombian government has issued a new timetable for the tender with respect to the design, construction and operation under […]

Barreiro, Laprea-Bigott, Jordá Named To Citgo Board

(Citgo, 15.Jul.2020) — Citgo Petroleum Corporation Board of Directors announced today that Pablo Pérez Barreiro, Marcelo Laprea-Bigott and Carlos Jordá have been named to the […]

Ibitu Energia Plans $830mn In Renewable Investments

(Reuters, 15.Jul.2020) — Brazil’s Ibitu Energia, owned by U.S.-based asset manager Castlelake LP, plans to invest roughly 4.5 billion reais ($839.43 million) in renewable energy […]

Argentina Axes $2bn Vaca Muerta Gas Pipeline

(Energy Analytics Institute, 15.Jul.2020) — The Vaca Muerta gas pipeline, one of the most ambitious projects of the government of Argentina’s former President Mauricio Macri, […]

Investors In Russian Pipeline At Risk Of US Sanctions

(Reuters, 15.Jul.2020) — U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions […]

Thermal Recovery: Technical Papers (FREE Downloads)

(Energy Analytics Institute, 15.Jul.2020) — Technical papers from Nakasawa Resources on thermal recovery technologies; EOR projects: when how and why?; and heavy oil exploitation: unavoidable […]

Delays Impact Guyana’s Payara-Pacora Project

(Rystad Energy, 15.Jul.2020) — The development of Guyana’s world-class deepwater oil resources in the Payara-Pacora project of its prolific Stabroek block, whose addition is set […]

Liza Unity Hull Arrives In Singapore

(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted […]

Petrobras Divests Ponta Do Mel And Redonda Fields

(Petrobras, 15.Jul.2020) — Petrobras, following up on the release disclosed on 30 September 2019, informs that it has finalized today the sale of its entire […]

Visa Curbs On Guyanese “Undermining Democracy”

(US Treasury, 15.Jul.2020) — On 2 March 2020 the Co-Operative Republic of Guyana held national elections, but it has still not declared a winner. All […]

Sener To Boost Jobs During Salamanca Refinery Rehab

(Energy Analytics Institute, 15.Jul.2020) — Mexico’s Energy Secretariat anticipates a rise in the number of workers to be employed during the rehabilitation of the Salamanca […]

TermoCandelaria’s 2029 Senior Notes Solicitation

(TermoCandelaria, 14.Jul.2020) — TermoCandelaria Power Ltd, an electric power generation company in Colombia, which owns and operates a large portfolio of thermal power plants in […]

McDermott Awarded Next Phase Of Azikel Refinery

(McDermott, 14.Jul.2020) — McDermott International Ltd. announced it has been awarded a *large engineering and procurement contract from Azikel Petroleum Ltd. for the modular 12,000 […]

Petrobras On Production Record In Búzios

(Petrobras, 14.Jul.2020) — Petrobras reports that the platforms installed in the Búzios field (P-74, P-75, P-76 and P-77), in the Santos Basin pre-salt, reached new […]

Petrobras Concludes Renewable Diesel Tests

(Petrobras, 14.Jul.2020) — Petrobras informs that, on July 11th, it successfully concluded tests on an industrial scale for the production of renewable diesel. The tests […]

Petrobras Reduces Cost Of Post-salt Well Construction

(Petrobras, 14.Jul.2020) — Petrobras informs that in early July, it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, […]

Suriname Elects Santokhi As President, Brunswijk As VP

(Energy Analytics Institute, 14.Jul.2020) — Suriname elected Progressive Reform Party (VHP) front man Chan Santokhi as the country’s president and Ronnie Brunswijk, leader of the […]

Early Oil Pilot Scheme (EOPS) Ends In Kenya

(Tullow Oil, 13.Jul.2020) — After a successful two-year period and coinciding with the Early Oil Pilot Scheme (EOPS) contract expiry period, Tullow Kenya, together with […]

New Players Help Maduro Evade Tanker Sanctions

(AP, 13.Jul.2020) — As U.S. sanctions scare away the world’s largest shippers from Venezuela‘s oil industry, new players are willing to brave the heightened risks and […]

US Ups Pressure To Push Venezuela Oil Exports To 0

(Oilprice.com, 13.Jul.2020) — The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump […]

US Swaps Venezuelan Fuel Oil For Russian Products

(Oilprice.com, 13.Jul.2020) — The United States has been raising its imports of fuel oil from Russia over the past year and a half after the […]

New Players Emerge In Venezuela Amid Sanctions

(AP, 13.Jul.2020) — As U.S. sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks […]

Bolivia To Investigate YPFB Refining Transfers

(Energy Analytics Institute, 13.Jul.2020) — Ecuador ‘s transparency unit of the hydrocarbon ministry received a complaint that dates back and relates to the management of […]

Argentina’s YPF Announces Exchange Offering

(YPF, 13.Jul.2020) — Argentina’s state oil company YPF Sociedad Anónima announced 13 July 2020 changes to a debt exchange offering. The offering consists of the […]

Fitch Downgrades Suriname’s LT-FC IDR To ‘RD’

(Fitch Ratings, 13.Jul.2020) — Fitch Ratings has downgraded Suriname’s Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR) to ‘RD’ from ‘C’. KEY RATING DRIVERS The downgrade […]

Suriname Elects New President Santokhi

(The New York Times, 13.Jul.2020) — Desi Bouterse has cast a long shadow over Suriname since its independence. Once a dictator, he returned as a […]

Vote Standoff Prolongs Guyana Uncertainty

(Argus, 13.Jul.2020) — Guyana’s political stalemate is prolonging uncertainty over the future management of the South American country’s fledgling oil sector, and raising the prospect […]

Ecuador Seeking New Oil-backed Loan From China

(Argus, 13.Jul.2020) — Ecuador’s austerity-minded government is in discussions with China to secure a new loan backed by oil sales. The fresh loan of at […]

Petrobras On Asphalt Sale By Reduc

(Petrobras, 13.Jul.2020) — Petrobras reports that its refinery in Duque de Caxias (Reduc), located in Rio de Janeiro, reached the mark of 16,773 tons of […]

PetroEcuador Continues With Elimination Process

(Energy Analytics Institute, 12.Jul.2020) — Technical staff with the Consortium Suez-Ecuambiente continues with previous work related to the export of hazardous waste from the Las […]

Recount Result: Guyana’s Only Democratic Solution

(OAS, 11.Jul.2020) — The Organization of American States (OAS) notes that the Chief Elections Officer of Guyana, in direct opposition to the instructions of the […]

Petrobras On Measures In Aviation Gasoline

(Petrobras, 11.Jul.2020) — Petrobras informs that it has decided, preventively, to interrupt supplying a specific imported batch of aviation gasoline after tests carried out at […]

Reliance To Load Venezuelan Oil In Fuel Swap Deal

(Sputnik, 10.Jul.2020) — India is one of the biggest buyers of Venezuelan oil in spite of US sanctions. Private Indian refiners Reliance Industries and Nayara […]

Ecuador seeks private investor to operate Esmeraldas refinery

(Piero Stewart, Energy Analytics Institute, 10.Jul.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) together with state controlled EP PetroEcuador plan to define […]

Exxon Restarts Drilling Off Guyana Amid Political Crisis

(Bloomberg, 10.Jul.2020) — Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hot spot despite the oil price crash […]

MERNNR Extends Offers For El Aromo And Villonaco

(Energy Analytics Institute, 10.Jul.2020) — René Ortiz, the head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) extended terms for the delivery of […]

Mubadala Set For Talks With Petrobras For Bahia Refinery

(Reuters, 10.Jul.2020) — Abu Dhabi’s investment fund Mubadala Investment Co will enter into exclusive talks with Petrobras to purchase Brazil’s second-largest refinery, the Brazilian state-owned […]

BW Offshore Mulls Bids For Golfinho Field In Brazil

(Reuters, 10.Jul.2020) — Norway’s BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras’ Golfinho oilfield cluster, two sources said, […]

OAS Statement On Electoral Process In Guyana

(OAS, 10.Jul.2020) — In our most recent press statement, on 23 June 2020, the OAS encouraged the Guyana Elections Commission (GECOM) to move forward in […]

Petrobras Biocombustível To Divest Stake In Bambuí

(Petrobras, 10.Jul.2020) — Petrobras, following up on the release disclosed on 07/03/2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) signed an agreement for […]