(Reuters, 27.Mar.2020) — The price of Mexico’s oil export basket fell to $13.01 per barrel on Friday, down 11.32% from $14.67 per barrel the previous […]
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.
Falling LatAam Fuel Demand Leaves Hurt US Refiners
(Reuters, 27.Mar.2020) — Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary […]
Petrobras Reports On New Candidates
(Petrobras, 27.Mar.2020) — Petrobras reports that has received the nomination of one more name for the Board of Directors. Thus, pursuant to the CIRCULAR LETTER/CVM/SEP/NÂş02/2020, […]
Which Supply Is Most At Risk Of Shut-in?
(WoodMac, 27.Mar.2020) — The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly […]
Citgo Foundation To Support Covid-19 Efforts In Venezuela
(Citgo, 26.Mar.2020) — The SimĂłn BolĂvar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small […]
Petrobras’ Divestment Push Challenged By Oil Price War
(Reuters, 26.Mar.2020) — A move by Brazil’s Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with […]
Petrobras Cuts Capex, Output By 100,000 B/D
(Petrobras, 26.Mar.2020) — Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the […]
EP PetroEcuador Reinforcing Security Measures At El Chorrillo
(Energy Analytics Institute, Piero Stewart, 26.Mar.2020) — EP PetroEcuador is reinforcing security measures at its facilities to face the country’s health emergency, including measures at […]
Belov Engenharia To Operate Dive Vessels For Petrobras
(Robert Allan, 26.Mar.2020) — A renewed wave of investments in the Brazilian offshore industry has appeared on the horizon kindling the demand for new highly […]
Touchstone Updates On Trinidad Operations
(Touchstone, 26.Mar.2020) — Touchstone Exploration Inc. reports its operating and financial results for the three months and year ended December 31, 2019. Selected information is […]
Canadian Solar Reports Financial Results
(Canadian Solar, 26.Mar.2020) — Canadian Solar Inc. announced its financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter 2019 […]
Brazil’s Petrobras On Dividend Payment
(Petrobras, 26.Mar.2020) — Petrobras informs that its Board of Directors, in a meeting held yesterday, approved the change in the date of payment of the […]
Ecopetrol General Shareholders’ Meeting
(Ecopetrol, 25.Mar.2020) — In accordance with the authorizations and recommendations provided by the Colombian Financial Superintendence and the Superintendence of Companies, the President of Ecopetrol […]
CNOOC: Production And Reserves Hit Record
(CNOOC, 25.Mar.2020 — CNOOC Limited announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Limited has achieved remarkable results, […]
YPF Inks Deals With Ministries For Truckers
(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2020) — YPF President Guillermo Nielsen signed an agreement with the representatives from Argentina’s ministries of Transportation, Security, Health, Interior […]
Petrobras BODs Oks Creation Of Logistics Office
(Petrobras, 25.Mar.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the creation of the Logistics Office and the election […]
YPF Head Warns Of Difficult Times
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2020) — The effects of social, preventive and compulsory isolation are beginning to be reflected in the drop in energy […]
Guyana’s New Oil Economy Under Pressure
(Bloomberg, 24.Mar.2020) — When Exxon Mobil Corp. came to Guyana, the US oil giant brought with it the promise of extraordinary economic growth. Now the […]
Fuel Trickling Into Venezuela, Oil Loading
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed […]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances […]
First Quantum Eyes Stake Sale In Panama Mine
(Reuters, 24.Mar.2020) — Miner First Quantum Minerals FM.TO is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two […]
Sempra’s Virtual Investor Day Focuses On Resilience
(Sempra, 24.Mar.2020) — Sempra Energy’s senior management team is providing an update on the company’s business strategy on an Investor Day conference call, including details […]
LNG Exports Sink In Quarantined Peru
(Argus, 24.Mar.2020) — Peru’s natural gas production has been steadily declining and the Peru LNG plant has been idle since the government issued a national […]
Libre Abordo To Take Up To 15mn Bbls Of Venezuelan Oil
(Reuters, 24.Mar.2020) — Mexico’s Libre Abordo and a related company plan to take some 15 million barrels of Venezuelan crude as part of a first […]
Talos Energy Reports Budget Reductions
(Talos, 23.Mar.2020) — Talos Energy Inc. announced updated full year 2020 financial guidance, inclusive of $170 million of reductions in capital, operating and G&A expenses. […]
Frontera Responds To Lower Oil Price Environment
(Frontera, 23.Mar.2020) — Frontera Energy Corporation announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes […]
China’s Oil Reserves To Reach 1.15bn Barrels In 2020
(WoodMac, 23.Mar.2020) — Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, […]
Staatsolie Issues $195mn International Bond
(Staatsolie, 23.Mar.2020) —  Staatsolie Maatschappij Suriname N.V. issued a US$ 195 million bond in Suriname and Curaçao on 23 March 2020. This bond issuance is […]
US Targets Maduro Regime With Fresh Charges
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) — Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire […]
Tullow Writes Off Jamaican Oil Exploration Licence
(Jamaica Gleaner, 20.Mar.2020) — Tullow Oil Plc has fully written off its oil exploration licence for the Walton-Morant Basin offshore Jamaica, on which it has […]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices […]
Pemex Vulnerable To Oil Prices Below $20/bbl: Fitch
(Reuters, 20.Mar.2020) — Mexico’s heavily-indebted state oil company Petroleos Mexicanos is increasingly vulnerable to low crude prices as the fast-spreading coronavirus outbreak erodes demand and […]
IMF Managing Dir. Kristalina Georgieva On Argentina
(IMF, 20.Mar.2020) — At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical […]
Pemex’s Maya Crude Reverses Gains: Platts
(Reuters, 20.Mar.2020) — The official selling price of Mexican state-run oil company Pemex’s flagship Maya heavy crude for U.S. Gulf Coast delivery fell by $2.89 […]
Exxon, Guyana Head Toward Uncertain Future
(OilandGas360.com, 20.Mar.2020) — They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s […]
Total Renounces Rights To Deep Water Mexican Block
(Reuters, 20.Mar.2020) — Mexico’s oil regulator approved on Friday a request by French oil company Total SA to give up its exploration and production rights […]
CNH On Total And Servicios MĂşltiples de Burgos
(Energy Analytics Institute, Jared Yamin, 20.Mar.2020) — Mexico’s National Hydrocarbons Commission (CNH) announced updates on three resolutions affecting Total E&P MĂ©xico, S.A. de C.V., Servicios […]
YPF Suspending Noncritical Activities
(Reuters, 20.Mar.2020) — Argentine state-run energy firm YPF said on Thursday it will gradually suspend activities not critical to its business, and will scale down […]
US Calls For Humanitarian Release Of Citgo 6
(Energy Analytics Institute, Piero Stewart, 19.Mar.2020) — The US calls for humanitarian release of wrongfully detained Americans in Venezuela. © Energy Analytics Institute (EAI). All […]
Industry Slashes Spending As Price Rout Deepens
(WoodMac, 19.Mar.2020) — Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape […]
Caricom On Withdrawal Of Team From Guyana
(Caricom, 18.Mar.2020) — The Caribbean Community (CARICOM) deeply regrets that it has been forced to withdraw the independent High Level Team it fielded on Saturday, […]
Petrobras On EspĂrito Santo Basin E&P Assets
(Petrobras, 18.Mar.2020) — Petrobras, following up on the release dated 15 January 2020, announces the beginning of the binding phase regarding the sale of its […]
Petrobras On Gaspetro’s Non-binding Phase
(Petrobras, 18.Mar.2020) — Petrobras, following up on the press release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras […]
Commonwealth Group Comments On Guyana
(Commonwealth, 18.Mar.2020) — The Commonwealth Observer Group to the 2 March 2020 General and Regional Elections was constituted and deployed by the Commonwealth Secretary-General, Patricia […]
EP Petroecuador Says Activities Normal
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador announced 18 March 2020 in an official statement that it guarantees normal […]
PetroEcuador Implementing Coronavirus Protocols
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador has begun to implement office protocols to reduce the spread of coronvirus. […]
Gunvor Awarded Nafta Import Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 18.Nov.2020) — Ecuador’s state oil company EP PetroEcuador awarded the company Gunvor S.A. a deal for the importation of 590,000 […]
YPF Reports Record One Day Fractures
(Energy Analytics Institute, Aaron Simonsky, 18.Mar.2020) — Argentina’s state oil company YPF announced positive results in regards its development of the country’s Vaca Muerta unconventional […]
Hess Cuts CAPEX, Focuses On Guyana
(WorldOil, 17.Mar.2020) — Hess Corporation announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of […]