(Reuters, 26.Nov.2019) — Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” […]
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.
Unpaid Bills Add To Pemex Woes
(Bloomberg, Amy Stillman, Peter Millard and Justin Villamil, 26.Nov.2019) — Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid […]
JinkoSolar To Supply 950MW To X-ELIO
(JinkoSolar, 26.Nov.2019) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced it has delivered to […]
Ecopetrol Targets Higher CAPEX In 2020
(Ecopetrol, 25.Nov.2019) — Ecopetrol S.A. reported that in 2020 the Ecopetrol Group (GE) plans to invest an expected US$4.5 to US$5.5 billion, 25% to 53% […]
Valaris Announces New Contract Awards
(Valaris, 25.Nov.2019) — Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet […]
Pemex Cyberattack Has US Cos. Taking Precautions
(Chron.com, Sergio Chapa, 25.Nov.2019) — American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack […]
Venezuela Ships Petcoke Cargo To Cuba
(Energy Analytics Institute, Piero Stewart, 25.Nov.2019) — OPEC member country Venezuela reportedly shipped a cargo of petroleum coke to Cuba valued at an estimated $1.7 […]
Ex-Petrobras Trader Tells Judge Vitol Bribed Him
(Bloomberg, Sabrina Valle and Andy Hoffman, 25.Nov.2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a […]
YPFB Dispatches Fuel, LPG From Senkata Plant
(Energy Analytics Institute, Ian Silverman, 23.Nov.2019) — Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos announced the dispatch of 1.8 million liters of gasoline and […]
ENAP Maritime Terminal Certified By Navy
(Energy Analytics Institute, Aaron Simonsky, 22.Nov.2019) — The marine terminal related to ENAP’s Bío Bío Refinery, located in the port of San Vicente in the […]
BPC And Baker Hughes Seal Bahamas Deal
(Offshore Energy, 22.Nov.2019) — Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well […]
Bolivia Gov’t Charges Morales With Terrorism
(Reuters, Daniel Ramos, 22.Nov.2019) — Bolivia’s interim government filed a criminal complaint on Friday against former President Evo Morales for alleged sedition and terrorism, the […]
Ecuador’s New Minister Eyes $6.9bn In Investments
(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister José Agusto announced the South American country continues with plans for another bid round, […]
Petrobras Starts Refinery Binding Phase
(Petrobras, 22.Nov.2019) — Petrobras, following up on the release dated August 30, 2019, informs the beginning of the binding phase regarding the first stage of […]
Ecuador Inaugurates Galapagos Photovoltaic Plant
(Energy Analytics Institute, Piero Stewart, 21.Nov.2019) — An energy storage system comprised of batteries of 2.2 megawatt hours was inaugurated on 21 Nov. 2019 on […]
Höegh LNG Updates On Colombia, Other Ops
(Höegh LNG, 21.Nov.2019) — Höegh LNG Partners LP provided its quarterly outlook for the LNG market with details on its operations in Cartagena, Colombia. A […]
Third Circuit Rejects Citgo Rehearing
(Argus, Elliott Blackburn, 21.Nov.2019) — Federal appeals court judges have denied Venezuela’s request to rehear a July decision upholding the pursuit of the country’s US […]
Maduro Pledges 30 MMbbls To Back Cryptocurrency
(Oilprice.com, Irina Slav, 21.Nov.2019) — Venezuela will use some 30 million barrels of oil it has in storage as backing for its national cryptocurrency, the […]
JCC-indexed LNG Contracts Could Lose $15bn
(WoodMac, 21.Nov.2019) — Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in […]
US Court Denies Citgo Rehearing
(S&P Global Platts, 21.Nov.2019) — A US appeals court Thursday denied Venezuela’s request for it to reconsider its ruling allowing a PDVSA creditor to go […]
Petrobras And Proquigel Ink Fertilizer Lease Deal
(Petrobras, 21.Nov.2019) — Petrobras signed with Proquigel Química S.A., a company of Unigel Group, lease agreements of its fertilizer plants in Bahia (Fafen-BA) and Sergipe […]
Moody’s Ecopetrol Review
(Moody’s, 21.Nov.2019) — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Ecopetrol S.A. and other ratings that are associated with […]
Trinidad’s Gas Reserve Rise Slightly In 2018
(Energy Analytics Institute, Piero Stewart, 20.Nov.2019) — Trinidad and Tobago’s proved natural gas reserves rose just 0.1% to 10,526 billion cubic feet (Bcf) in 2018 […]
Why ExxonMobil’s Guyana Success May Have Hurt Petrobras
(The Motley Fool, John Bromels, 20.Nov.2019) — Oil is a big business with even bigger money attached. That’s why governments that control oil assets are […]
Producers Delay Boosting Vaca Muerta Output
(S&P Global Platts, 20.Nov.2019) — Three leading oil companies in Argentina, buoyed by the quality of the shale resources, are ready to ramp up oil […]
Exxon, Shell To Delay Vaca Muerta Production
(Seeking Alpha, Carl Surran, 20.Nov.2019) — Exxon Mobil and Royal Dutch Shell say they want to ramp up oil and natural gas production in Argentina’s […]
Some 140 Bolivian Industries Lacking Gas
(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — At least 140 industries – including large and medium sized ones in the Bolivian departments of La Paz, […]
LatAmNRG Bolivia Briefs: Fuel Prices, New YPFB Head
(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — Heard on the street and LatAmNRG briefs related to Bolivia’s National Hydrocarbon Agency (ANH) establishing maximum fuel prices […]
Petrobras Inks Deal To Divest Of Liquigás
(Petrobras, 19.Nov.2019) — Petrobras, following up on the press release of November 7, 2019, reports that it has signed today with Copagaz and Nacional Gás […]
Ecuador Names New Energy Minister
(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost […]
Bolivia Names New YPFB President
(Argus, Patricia Garip, 19.Nov.2019) — Bolivia’s fragile interim government appointed Jose Luis Rivero Sandoval the new president of state-owned oil and gas company YPFB. Rivero, […]
Venezuela Opposition In Citgo Deal
(Reuters, 19.Nov.2019) — Venezuela’s opposition has reached a deal with the custodians of a bond issued by state oil company PDVSA to prevent bondholders from […]
Is Big Oil Wasting Its Time in The US Shale Patch?
(Oilprice.com, Nick Cunningham, 19.Nov.2019) — Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the […]
Petrobras Eyes Deep Offshore Shift In 2020
(Reuters, 19.Nov.2019) — Brazil’s state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next […]
Trinidad Gas Gap To Claim More Industries
(Argus, Lucien Chauvin, 18.Nov.2019) — Trinidad and Tobago’s industries regulator is warning that a natural gas shortage is slowly chipping away at the country’s industrial […]
LatAmNRG Bolivia Briefs: Fuel Shortage Contingencies, Morales Vows Return
(Energy Analytics Institute, Ian Silverman, 18.Nov.2019) — Heard on the street and LatAmNRG briefs related to Bolivia preparing emergency plan to import fuels, Evo Morales […]
Touchstone Reports Coho-1 Gas Test In Trinidad
(Touchstone, 18.Nov.2019) — Touchstone Exploration Inc. provides production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad […]
CUPET To Host Licensing Round Workshop
(GEP, 18.Nov.2019) — As the official CUPET meeting and roadshow to mark Cuba’s first offshore bid round, the Cuba Energy, Oil and Gas conference will […]
Venezuela Using Invisible Oil Tankers To Skirt Sanctions
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government […]
Moody’s Ends YPF Review
(Moody’s, 15.Nov.2019) — Moody’s Investors Service completed a periodic review of the ratings of YPF Sociedad Anonima and other ratings that are associated with the […]
Total Reports 1st Oil From Iara Offshore Brazil
(Total, 15.Nov.2019) — France’s Total announced first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt. This marks the start-up […]
GeoPark Announces All-Cash Deal With Amerisur
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, […]
BPTT reports Ginger natural gas discovery offshore Trinidad
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 15.Nov.2019) — BP Trinidad & Tobago (BPTT) made a natural gas discovery with the Ginger exploration well, offshore […]
Rosneft Head Sechin Attends BRICS Summit In Brazil
(Rosneft, 15.Nov.2019) — During the visit of the President of the Russian Federation Vladimir Putin to the BRICS summit in Brazil, the Chief Executive Officer […]
Pemex Guarantees Timely Payroll Payment
(Pemex, 15.Nov.2019) — Petróleos Mexicanos urges the population to ignore fake press releases currently circulating in various news and social media, claiming alleged delays in […]
ENAP Reports Record Production In Ecuador
(Energy Analytics Institute, Piero Stewart, 15.Nov.2019) — Chile’s state oil company ENAP reported record production of 23,089 barrels per day of crude oil in Ecuador. […]
Shell And Partners Add Pre-salt Production
(Shell, 14.Nov.2019) — New, deep-water production has come online from the Brazilian pre-salt Santos Basin. Shell Brasil Petróleo Ltda. (Shell Brasil) and its consortium partners […]
TTNGL Sep. Financial Stmts
(TTNGL, 14.Nov.2019) — Trinidad and Tobago NGL Limited (TTNGL) reported its condensed interim financial statements for the nine months ended September 30, 2019. On behalf […]
Brazil To Import More LNG If Bolivia Supply Falters
(Argus, 14.Nov.2019) — Brazil will increase LNG imports if pipeline natural gas supply from Bolivia is interrupted because of political unrest, according to Brazilian hydrocarbons […]
Saipem Inks Subsea Contract In Guyana
(Saipem, 14.Nov.2019) — Milan-based Saipem has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara […]