(Noble, 9.Apr.2020) — Noble Corporation plc announced that its report of drilling rig status and contract information has been updated as of 9 April 2020. […]
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.
Galileo Sales VP Gabriel Lorenzi Interviewed By GBR
(Global Business Reports, 9.Apr.2020) — Twenty years ago it was impossible to think about an off-grid natural gas network. Today, Africa can build it with […]
Collapsing Demand Sets Terms In OPEC+ Battle
(WoodMac, 9.Apr.2020) — Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking […]
The 9th OPEC, Non-OPEC Meeting Concludes
(OPEC, 9.Apr.2020) — The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, 09 April 2020, under the Chairmanship of HRH […]
WoodMac On OPEC+ Production Plan
(WoodMac, 9.Apr.2020) — As OPEC+ agreed at cut of 10 million b/d, WoodMac’s Ann-Louise Hittle said: “A 10 million b/d cut would be very supportive […]
LatAm Offshore Activity To Slip Due To COVID-19
(IHS, 9.Apr.2020) — As the COVID-19 pandemic continues its spread across the globe, the oil and gas industry has put into practice new procedures and […]
Brief Intro Remarks By OPEC Secretary General
(OPEC, 9.Apr.2020) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 9 April 2020, via […]
Venezuela Gasoline Shortages Worsen
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned […]
Petrobras Updates On Severance Programs
(Petrobras, 8.Apr.2020) — Petrobras reports that its Board of Directors approved the creation of an Incentive Retirement Program (PAI), a new severance program aimed at […]
Mexico Refuses To Cut Oil Output
(Bloomberg, 8.Apr.2020) — Outside of Saudi Arabia and Russia, most oil producers are racing to deal with the historic oil price collapse by cutting back […]
EP PetroEcuador Halts FCC Unit At Las Emeraldas
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — EP PetroEcuador announced an issue related to the National Interconnected System (SNI) on 7 April 2020 caused an […]
Brazil’s State Oil Giant Petrobras Cancels Dividend
(Petrobras, 8.Apr.2020) — Petrobras informs, in addition to the press release disclosed on 7 April 2020 about cancellation of the Annual General Meeting (AGM), that […]
PDVSA And Eni Restart Work On Diluent Pipeline
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) and the Italian oil company ENI, which comprise the […]
Villavicencio Initiates VillaBici Transport Options
(Energy Analytics Institute, Piero Stewart, 7.Apr.2020) — Under the framework of World Health Day, the Villavicencio Municipal Mobility Secretariat continues with an initiative dubbed ‘VillaBici’ […]
Petrobras Finds Oil At Campos Basin Natator Well
(Petrobras, 7.Apr.2020) — Petrobras informs that it has identified the presence of oil in a exploratory well of the Sudoeste de Tartaruga Verde block, located […]
Petrobras Approves Oil Output Of 2.1 MMb/d
(Petrobras, 7.Apr.2020) — Petrobras approved a level of oil production in Brazil for April of 2.07 million barrels per day (b/d). This new monthly production […]
Petrobras Cancels 2020 Shareholders’ Meeting
(Petrobras, 7.Apr.2020) — Petrobras informs that, in view of the current situation arising from the new coronavirus pandemic (COVID-19) and the restrictions imposed or recommended […]
S&P Changes Petrobras’ Rating To Stable
(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company’s global credit rating outlook from positive to stable, and has […]
Petrobras Sets Date To Report 1Q:20 Results
(Petrobras, 7.Apr.2020) — Petrobras reports that it will release its quarterly production and sales report on 27 April 2020 and its financial statements report on […]
Argentina’s YPF cedes 50% interest offshore to Norway’s Equinor
(Energy Analytics Institute, Aaron Simonsky, 7.Apr.2020) — Argentina’s government authorized state oil company YPF to move forward with a transfer of a 50% interest in […]
EP PetroEcuador Says SOTE Halted Due To Sinking
(Energy Analytics Institute, Piero Stewart, 7.Apr.2020) — EP PetroEcuador announced suspension of operations at the Sistema de Oleducto Transecuatoriano (SOTE) due to the sinking of […]
Petrobras Says S&P Changes Global Rating Perspective
(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company’s global credit rating outlook from positive to stable, and has […]
Brazil’s MME Names Energy Secretariat
(Energy Analytics Institute, Aaron Simonsky, 6.Apr.2020) — Brazil’s Ministry of Mines and Energy (MME) named José Mauro Ferreira as the agency’s new Energy Secretariat, replacing […]
ExxonMobil Delays Some Guyana Oil Drilling
(Argus, 7.Apr.2020) — ExxonMobil is deferring some longer-term offshore drilling in Guyana as a result of capital spending cuts, “creating a potential delay in production […]
LatAm Exploration To Be Slammed By Low Prices
(NGI, 7.Apr.2020) — At current prices, Latin American oil reserves at risk of not being developed or pushed out into the future could amount to […]
Exxon Could Delay Third Guyana Project
(Reuters, 7.Apr.2020) — Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the […]
Oil Making Guyana Wealthy But Intensifying Tensions
(The New York Times, 7.Apr.2020) — On a sprawling abandoned sugar estate by the coast of Guyana, the scale of the changes sweeping across the […]
Petrobras Projects Lower April Output
(Argus, 7.Apr.2020) — Brazil’s state-controlled Petrobras is projecting 2.07mn b/d of domestic oil production in April, down by 69,000 b/d from its last confirmed output […]
Crisis Stricken Venezuela Faces Mounting Pressure
(Oilprice.com, 6.Apr.2020) — Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on […]
Mexico To Participate In Opec+ Call
(Argus, 6.Apr.2020) — Mexico will participate in an Opec+ meeting on 9 April, the energy ministry told Argus today. “As a member of Opec+, Mexico […]
Equinor Reports GOM Oil Discovery
(Equinor, 6.Apr.2020) — Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the […]
Political Battle Could Jeopardize Oil Boom
(Oilprice.com, 6.Apr.2020) — Amidst the torrent of news on the adverse impacts of COVID-19, recent developments in Guyana stand out as something of a countercurrent. […]
IEnova To Report 1Q:20 Earnings April 22
(Sempra, 4.Apr.2020) — Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its first-quarter 2020 earnings by 6 p.m. ET, […]
EP PetroEcuador Suspends Operations At La Libertad
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — State oil company EP PetroEcuador announced plans to suspend activities at the La Libertad refinery located in Santa […]
Venezuela Launches Special Fuel Supply Plan
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — Venezuela’s state-owned oil company Petróleos de Venezuela S.A. (PDVSA) activated a Special Fuel Supply Plan to counter a […]
Petrobras Finds Oil At Araucária Prospect
(Petrobras, 2.Apr.2020) — Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos […]
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela’s crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot […]
Venezuela’s 1Q Oil Exports Fall 17% Over Year Ago
(Reuters, 2.Apr.2020) — Latin American nation’s average exports of crude and refined oil in March were the second lowest since United States imposed sanctions in […]
Apache Reports Significant Oil Find Offshore Suriname
(Apache, 2.Apr.2020) — Apache Corporation announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled […]
Angel Olmeta To Retire From Citgo Petroleum BODs
(Citgo, 2.Apr.2020) — The Citgo Petroleum Corporation Board of Directors and the Citgo President and Chief Executive Officer Carlos Jordá, announced today that Angel Olmeta […]
US$210bn Of New Spend In Firing Line
(WoodMac, 2.Apr.2020) — The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have […]
Triple Whammy: Oil Crash, Covid-19, LNG Oversupply
(WoodMac, 1.Apr.2020) — In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply […]
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for […]
Petrobras On Sete Brasil Arbitration
(Petrobras, 1.Apr.2020) — Petrobras entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil Participações S.A. – under judicial […]
Petrobras Cuts Output By Another 100,000 B/D
(Petrobras, 1.Apr.2020) — Petrobras, following up on the release disclosed on 26 March 2020, announced that due to the contraction of oil and oil products […]
Noble Looks To Drill Offshore Colombia In 2021
(Energy Analytics Institute, 1.Apr.2020) — Noble Energy expects drilling offshore Colombia to take place in 2021 at water depths close to 2,600 meters. In Colombia, […]
Petrobras Deepens Oil Supply Cuts
(Reuters, 1.Apr.2020) — Brazil’s Petrobras will double its oil output cuts to 200,000 barrels per day, or about 6% of total production, and shorten work […]
Petrobras Cuts Brazil Oil Output By 9pc
(Argus, 1.Apr.2020) — Brazil’s state-controlled Petrobras has doubled production cuts to 200,000 b/d in response to the oil price collapse. The expanded shut-ins are equivalent […]
Mexico’s Oil Price Crash
(Reuters, 31.Mar.2020) — The coronavirus pandemic has roiled markets and eroded demand for crude around the world, with Mexico’s main export falling to levels last […]
Chevron’s Venezuela Oil JVs Cut Fieldwork
(Reuters, 31.Mar.2020) — Chevron Corp’s joint ventures with Venezuelan state oil company Petroleos de Venezuela have cancelled service contracts and procurement processes in recent weeks, […]