(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now […]
Author: ENERGY ANALYTICS INSTITUTE (EAI)
Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, […]
Chevron Oil Tangled In US Sanctions On Venezuela
(Reuters, 5.Jun.2020) — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with […]
Petrobras Reports Rise In Fuel Exports
(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by […]
OPEC+ To Meet Saturday On Extending Cuts
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards […]
BJ Services’ Milestone With Fracturing Technology
(BJ Services, 4.Jun.2020) — At the end of April 2020, BJ Services completed a 1,000-hour field trial of its next-generation direct-drive turbine fracturing pump, TITAN™. […]
Statement From The OAS On The Elections In Guyana
(OAS, 4.Jun.2020) — The General Secretariat of the Organization of American States (OAS) is mindful that the recount of the votes cast in the March […]
JinkoSolar On Non-Infringement In US
(JinkoSolar, 4.Jun.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced that the United […]
Petrobras’ Reveals Details Of Five Generation Companies
(Petrobras, 4.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), […]
Iran’s Message To US With Venezuela Oil Shipments
(Financial Times, 4.Jun.2020) — For the Islamic republic, it was a mission fraught with risk: send five Iranian-flagged fuel tankers through some of the world’s […]
After The Crash: Five Key Changes In The US GOM
(WoodMac, 4.Jun.2020) — The oil price crash has come at a time when the US Gulf of Mexico (GoM) is leaner and nimbler. It is […]
CNH Again Extends Timeframe For Oil Permits
(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect […]
Oil Workers In Mexico Plead To Come Home
(The Guardian, 4.Jun.2020) — Dozens of Trinidad and Tobago oilfield workers in Mexico have issued a plea to the government to allow them to return […]
Suriname Beckons Oil Drillers Ahead Of Poll Result
(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American […]
Petrobras Concludes $3.25bn Global Notes Offering
(Petrobras, 3.Jun.2020) — Petrobras concluded the offering of two series of Global Notes in the international capital market in the amount of $ 3.25 billion, […]
Pemex Continues With Tula Refinery Contingency
(Energy Analytics Institute, 3.Jun.2020) — Pemex’s “Miguel Hidalgo” refinery in Tula carried out preventive measures to mitigate the risks of the Covid-19 pandemic among its […]
PetroAmazonas Develops 63.5 Ha On Blocks 43 And 31
(Energy Analytics Institute, 3.Jun.2020) — PetroAmazonas EP has developed 63.50 hectares of Block 43-ITT (Ishpingo, Tambococha, Tiputini) and Block 31, both located in the province […]
Women At The Top Of UK Energy Sector Rises
(PwC, 3.Jun.2020) — POWERful Women and PwC have today published the latest ‘state of the nation’ on the gender balance at the top of the […]
Total Enters Into North Sea Wind Farm Project
(Total, 3.Jun.2020) — Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project […]
Total Enters Offshore Wind Project in Scottish North Sea
(Total, 3.Jun.2020) — Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project […]
US Sanctions Four Firms For Transporting Venezuelan Oil
(Aljazeera, 2.Jun.2020) — The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in […]
Venezuela’s Oil Exports Sink To 17-year Low On Sanctions
(Reuters, 2.Jun.2020) — Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that […]
Guyana To Offer Gas-to-power Project
(Argus, 2.Jun.2020) — Guyana is preparing to launch a tender for a natural gas-to-power project anchored on the ExxonMobil-operated Stabroek block. The project would entail […]
Global LNG Demand Faces Seasonal Contraction
(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer […]
Mexico Probes Libre Abordo Pact With Venezuela
(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]
Greenbrier Marine Announces Vessel Delivery
(Greenbrier, 2.Jun.2020) — Greenbrier Marine, a division of The Greenbrier Companies, Inc., announced it has delivered the OSG 204, a 204,000 barrel capacity oil and […]
CITGO Proposes $750mn Private Offering
(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 […]
Cargill’s Progress Against Critical Sustainability Goals
(Cargill, 2.Jun.2020) — At Cargill, sustainability is written into the company’s purpose—and woven into core operations including investment priorities, organizational structure and resource allocation. The […]
Petrobras Starts Camamu Basin Non-binding Phase
(Petrobras, 1.Jun.2020) — Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake […]
Venezuela Rolls Out Two-tiered Fuel Pricing
(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge […]
Bristow Group Announces Stock Repurchases
(Bristow Group, 1.Jun.2020) — Bristow Group Inc. entered into privately negotiated stock repurchase agreements to repurchase 142,721 shares of its common stock and 98,784 shares […]
Bristow Group Announces Stock Repurchases
(Bristow, 1.Jun.2020) — Bristow Group Inc. announced entry into privately negotiated stock repurchase agreements to repurchase 142,721 shares of its common stock and 98,784 shares […]
Pioneer Energy Services Emerges from Chapter 11
(Pioneer, 1.Jun.2020) — Pioneer Energy Services Corp. has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 […]
Caricom Election Mission To Suriname Departs
(Caricom, 1.Jun.2020) — The CARICOM Electoral Observer Mission (CEOM) is scheduled to depart Suriname on Tuesday 2nd June 2020 after having spent a full two […]
CENIT’s Transport Tariffs Neutral For Ocensa
(Fitch Ratings, 1.Jun.2020) — Fitch Ratings views the agreement reached between crude oil transportation companies and producers in Colombia as credit neutral for Oleoducto Central […]
Libre Abordo Announces Bankruptcy
(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]
PetroEcuador Monitoring Emissions At Esmeraldas
(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide […]
Gastech To Host Virtual Conference In 2020
(Energy Analytics Institute, Jared Yamin, 30.May.2020) — Gastech 2020 will now take place virtually, from 7-11 September 2020, with strategic and technical conference content streamed […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation […]
Petrobras Concludes Sale Of Seven Onshore Fields
(Petrobras, 29.May.2020) — Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven […]
US Senators Expected To Sanction Nord Stream 2
(Reuters, 29.May.2020) — Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying […]
Tanker Petunia Accompanied By Air Force
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced […]
Tanker Faxon Docks At Guaraguao Complex
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in […]
US Threatens Sanctions to Deter Iranian Tankers
(Dow Jones, 29.May.2020) — U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two […]
Petrobras Opens Access To Gas Processing Units
(S&P Global Platts, 29.May.2020) — Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in […]
Financing For Development During Era Of COVID-19
(IMF, 28.May.2020) — Opening remarks from International Monetary Fund (IMF) Managing Director Kristalina Georgieva at an United Nation event on financing for development in the […]
Iran’s 4th Fuel Tanker Nears Venezuelan Waters
(Fars News Agency, 28.May.2020) — Iran’s fourth tanker full of gasoline has entered the Caribbean and is close to the Venezuelan territorial waters. Venezuelan armed […]
First Semi-submersible Floating Wind Farm Sets Sail
(Repsol, 28.May.2020) — The WindFloat Atlantic project is taking one of the final steps towards becoming fully operational. The last of the three pre-assembled wind […]
Maduro Considers Charging Citizens More For Petrol
(Al Jazeera, 28.May.2020) — Venezuela’s president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela’s President Nicolas Maduro […]