(Energy Analytics Institute, Piero Stewart, 12.May.2020) — State oil company EP PetroEcuador automated the personnel selection process across Ecuador for the first time with use […]
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.
Nynas: Removal Of Venezuela-related License
(OFAC, 12.May.2020) — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is revoking and archiving on its website Venezuela-related General License (GL) […]
Argentina: Unconventional Activity Update
(IHS, 12.May.2020) — The year 2020 has been filled with surprises as the COVID-19 pandemic spreads worldwide, leaving many homebound, resulting in a negative impact […]
PDVSA Allocates Oil Cargoes To Partner At Petrozamora
(Reuters, 12.May.2020) — A joint venture partner of state oil company PDVSA, GPB Global Resources BV, has received at least two cargoes of Venezuelan crude […]
Pampa Energia To Host Video Conference
(Pampa, 12.May.2020) — Pampa Energía S.A. will host a videoconference to discuss its Q1 20 results on Wednesday May 13, 2020 at 10:00 a.m. Eastern […]
Ecopetrol Business Group Announces 1Q:20 Results
(Ecopetrol, 11.May.2020) — Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards […]
Pemex’s Oil Reserves Replacement Rate Jumps
(Reuters, 11.May.2020) — The replacement rate of proven oil and gas reserves estimated by Mexican national oil company Pemex soared in 2019 compared to the […]
Petrobras On Oil Finds In Búzios And Albacora
(Petrobras, 11.May.2020) — Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the […]
Pemex Files 2019 Annual Report, Form 20-F
(Pemex, 11.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, […]
Argentina To Restore Artificially High Oil Price
(Argus, 11.May.2020) — Argentina will restore artificially high domestic crude prices in an effort to jumpstart its stalled shale play following the March oil price […]
Ecopetrol Exploring Offshore Storage Options
(Argus, 11.May.2020) — Colombia’s state-controlled Ecopetrol is exploring options to expand storage capacity in response to oil market oversupply and slumping demand caused by the […]
Ecopetrol 1Q:20 Net Profit Plunges 95% On Low Prices
(Reuters, 11.May.2020) — Colombia’s majority state-owned oil company, Ecopetrol, reported on Monday a 95% fall in first-quarter net profit, which came in at 133 billion […]
Ecuador’s MERNNR Finally Lifts Force Majeure
(Energy Analytics Institute, Piero Stewart, 10.May.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) on 9 May 2020 lifted the force majeure declared […]
Petrobras Comments On Internal Event News
(Petrobras, 8.May.2020) — Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in […]
Petrobras’ Cash Burn May Reach $1bn A Month
(Reuters, 8.May.2020) — Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress […]
Venezuelan Oil Plan Runs Aground
(Argus, 8.May.2020) — A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuela’s US-backed political opposition […]
Hess Reports Estimated Results For 1Q:20
(Hess, 7.May.2020) — Hess Corporation reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and […]
PetroTal Provides Update On Financing Arrangements
(PetroTal, 7.May.2020) — PetroTal Corp. announces that the Northern Oil Pipeline (“ONP”) operated by Petroperu S.A. has been shut down by a public health directive […]
Petrobras On Fitch’s Rating Outlook
(Petrobras, 7.May.2020) — Petrobras informs that the rating agency Fitch Ratings revised today the company’s international long-term ratings outlook from stable to negative, and maintained […]
Sungrow Rolls Out Inverter For Brazilian 220V Market
(Sungrow, 7.May.2020) — Sungrow, the global leading inverter solution supplier for renewables, launched the Company’s three-phase 1000Vdc commercial inverter SG25CX-SA for Brazilian 220V grid system, […]
Fitch Affirms PetroAmazonas’ Debt at ‘C’
(Fitch, 7.May.2020) — Fitch Ratings has affirmed the senior unsecured notes issued by Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP (PetroAmazonas) due […]
Argentina Considers $45/bbl Floor For Domestic Crude
(Bloomberg, 7.May.2020) — West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has […]
PetroEcuador Dispatches Fuel From Barbasquillo
(Energy Analytics Institute, Piero Stewart, 7.May.2020) — EP PetroEcuador on 2 May 2020 started dispatching super gasoline from the Barbasquillo Clean Products Terminal located in […]
AES Makes Progress On Strategic Objectives
(AES, 7.May.2020) — The AES Corporation reported financial results for the quarter ended 31 March 2020. HIGHLIGHTS Strategic Accomplishments — Completed construction of 1.4 GW […]
AES Conference Call Information
(AES, 7.May.2020) — The AES Corporation will host a conference call on Wednesday 7May 2020 at 9:00 a.m. Eastern Daylight Time (EDT). Interested parties may […]
The Only Hotspot Where Big Oil Will Still Spend
(Oilprice.com, 7.May.2020) — Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore […]
Pemex’s $44/bl Hedge Floor Adds Ps30bn To Deficit
(Argus, 7.May.2020) — The hedge contracted by Mexico’s state-owned Pemex has a floor of $44/bl, leaving the company exposed to losses below that following the […]
FMC To Acquire Ingredient Assets From Isagro S.p.A.
(FMC, 6.May.2020) — FMC Corporation and Isagro S.p.A. have agreed to a binding offer whereby FMC will acquire Isagro’s Fluindapyr active ingredient assets for €55 […]
GeoPark To Report 1Q:20 Results, Host Webcast
(GeoPark, 6.May.2020) — GEoPark Limited will report its consolidated financial results for the three-month period ended March 31, 2020 on Wednesday, May 13, 2020. In conjunction […]
Repsol Running Peru Refinery At 30pc Capacity
(Argus, 6.May.2020) — PetroPeru’s 12,000 b/d Iquitos refinery in the northern jungle is currently closed. Its 553,200 bl of storage is full. The 15,500 b/d […]
Qatar Petroleum Enters Into Three Mexican Blocks
(Qatar Petroleum, 5.May.2020) — Qatar Petroleum entered into three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 […]
Cairn Provides Mexico Drilling Update
(Cairn Energy, 5.May.2020) — Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, […]
France’s Total Adopts A New Climate Ambition
(Total, 5.May.2020) — Total announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production […]
EP PetroEcuador Cuts Import Budget By $191.7mn
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — EP PetroEcuador reprogrammed its imports of high-octane naphtha ron 93, naphtha ron 80, premium diesel, cutter stock and […]
Colombia Registers 25 Pipeline Attacks To Date
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — Four Colombian pipelines have been attached at least 25 times to date in 2020, according to data revealed […]
Nutrien Temporarily Shuts Trinidad Ammonia Facility
(Nutrien Litd., 5.May.2020) — Nutrien Ltd. has made the difficult decision to temporarily shut down one of the four ammonia (NH3) plants at its Trinidad […]
Brazil’s Petrobras On Petros Plan
(Petrobras, 5.May.2020) — Petrobras, following up on the press release disclosed on March 10, related to the New Deficit Equation Plan (New Plan) of the […]
PetroEcuador Delays May-June Fuel Imports
(Argus, 5.May.2020) — State-owned PetroEcuador has delayed all fuel imports that were supposed to arrive in May and June because of a sharp decline in […]
Weak 1Q Results Won’t Prevent Vale S.A.
(S&P, 4.May.2020) — S&P Global Ratings said today that Vale S.A.’s (BBB-/Negative/–) strong balance sheet and ability to adjust capital expenditures (capex) and dividends provide […]
Guyana With No Plans To Cut Oil Output Amid Price Drop
(Reuters, 4.May.2020) — Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, […]
Pemex Presents Audited Stmts As Of 31 Dec. 2019
(Pemex, 4.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, […]
Aruba Offering Oil Storage After PDVH Exit
(Argus, 4.May.2020) — The Dutch Caribbean island of Aruba is offering to lease oil storage after terminating an ill-fated refining project with PdV Holding (PDVH), […]
Guyana Crude Brings In Nearly $5mn For Govt
(Argus, 4.May.2020) — The government of burgeoning Latin American oil producer Guyana received $4.9mn in its first oil and gas royalty payment from gross production […]
PdV Rolls Out New JV Presidents
(Argus, 4.May.2020) — Venezuela’s state-owned PdV rolled out the appointment of up to 26 new presidents of joint ventures that are mostly inactive. The appointments, […]
Repsol Makes Deepwater Oil Find In Mexican Waters
(Repsol, 4.May.2020) — Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 […]
Petrobras Releases Teaser For Camamu Basin Assets
(Petrobras, 4.May.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Manati field, a maritime production […]
Petrobras Reaches Oil Export Record In April
(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening […]
PTTEP Says Two New Oil Discoveries Offshore Mexico
(Reuters, 4.May.2020) — Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the […]
Statement From Guyana’s DOE Director Mark Bynoe
(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore […]
Venezuela Oil Output Sliding, Fields Shut Due To Fire
(Reuters, 4.May.2020) — Venezuela’s oilfields produced 687,000 barrels of crude last Saturday, up from 653,000 barrels on Friday but below the 718,000 barrels per day […]