(Oilprice.com, Irina Slav, 27.Nov.2018) — Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent […]
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.
Petrobras Updates On CARF Decision Related To Remittances For Vessel Chartering
(Petrobras, 27.Nov.2018) —Petrobras reports that today the Administrative Board of Tax Appeals (CARF) issued a decision against the company in administrative tax proceedings on a […]
Ecopetrol Announces Redemption Of International Bond Issued In 2009
(Ecopetrol, 27.Nov.2018) — Ecopetrol S.A. provided a Notice of Redemption to the Noteholders of its 7.625% Notes due 2019 issued on July 23, 2009 in […]
Petrobras Offers Clarification Related To Business and Management Plan
(Petrobras, 27.Nov.2018) — Petrobras reports that it has received the Letter No. 1936/2018 -SAE, which requests the following clarification: Letter no. 1936/2018 -SAE “Dear gentlemen, […]
Ecopetrol Eyes Investments Of $3.5-$4 Billion In 2019
(Ecopetrol, 27.Nov.2018) — Ecopetrol S.A. reported that in 2019 the Ecopetrol Business Group (GEE) expects to invest between $3.5 and $4billion, up 16% to 33% […]
Ecopetrol Reveals Highlights Of Investment Plan 2019
(Ecopetrol, 27.Nov.2018) —The Ecopetrol Business Group (GEE) expects investment in 2019 of $3.5 billion to $4 billion, up 16% to 33% over the projected 2018 […]
President Energy Spuds Third Development Well In Argentina
(Energy Analytics Institute, Aaron Simonsky, 27.Nov. 2018) — President Energy has spud the third development well at the Puesto Flores/Estancia Vieja Concession in Rio Negro […]
President Energy Updates On Argentine Drilling Program
(President Energy, 27.Nov. 2018) — President Energy provided an update on its drilling program at the Puesto Flores/Estancia Vieja Concession, Rio Negro Province, Argentina. President […]
Oil Expert Plaints Adverse Scenario For Bolivia
(Energy Analytics Institute, Ian Silverman, 27.Nov.2018) — Oil expert Mauricio Medinaceli painted an adverse scenario for Bolivia due to the country “doing little or nothing” […]
$1.4 Billion Deal Allows Venezuela To Keep Citgo’s Three U.S. refineries
(Houston Chronicle, Sergio Chapa, 26.Nov.2018) — A payment on a $1.4 billion arbitration award to a Canadian gold mining company is allowing Venezuela to keep […]
Venezuela Hangs On To Citgo After Big Debt Payment
(Fox Business, Mike Obel, 26.Nov.2018) — Venezuela managed to retain ownership of Citgo, the big U.S. refining and gasoline marketing company that is one of […]
Vista Preps First Two Shale Oil Pilots In Vaca Muerta
(S&P Global Platts, 26.Nov. 2018) — Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on […]
UAE Urges Brazil To Remove It From ‘Tax Haven’ List
(Arabian Business, 26.Nov. 2018) — UAE says to expand its multi-billion dollar investments in Brazil as long as it’s no longer labeled a tax haven […]
LatAmNRG Chart Analysis: Venezuela’s R/P Rises As Oil Output Plunges
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards […]
Rosneft’s Sechin Flies To Venezuela, Rebukes Maduro Over Oil Shipments
(Reuters, Alexandra Ulmer and Marianna Parraga, 24.Nov.2018) — The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas this week to meet Venezuelan […]
Petrotrin Hospital To Be Leased Or Sold
(Trinidad and Tobago Newsday, Julien Neaves, 24.Nov.2018) — Energy Minister Franklin Khan has announced operations at the Augustus Long Hospital in Pointe-a-Pierre, which has serviced […]
Demolished Homes Too Close To Oil Wells In Trinidad
(Trinidad and Tobago Newsday, Julien Neaves, 24.Nov.2018) — Energy Minister Franklin Khan says homes demolished in the Santa Flora area this week were located too […]
Bolsonaro Seeks $30 Billion Brazil Oil Boon
(Bloomberg, Sabrina Valle and Samy Adghirni, 23.Nov.2018) — President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after […]
Vista Inks Deal For Bajada del Palo Block In Argentina
(Vista Oil & Gas, 22.Nov.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, Vista Oil & Gas Argentina S.A. and Apco Oil & […]
TT Budget On Oil Price Swing
(Trinidad and Tobago Newsday, Carla Bridglal, 22.Nov.2018) — Crude oil’s importance to the TT economy is now second to natural gas, but its contribution is […]
Total Enters Brazil Fuels Sector With Purchase Of Grupo Zema Business
(Total, 22.Nov.2018) — Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and […]
Total To Buy Businesses From Brazil’s Grupo Zema
(Reuters, 22.Nov.2018) — French energy group Total has agreed to buy some businesses of Brazil’s Grupo Zema to expand in the biofuels sector. Total said […]
YPFB To Initiate Sales of Super Ethanol In La Paz
(Energy Analytics Institute, Aaron Simonsky, 22.Nov. 2018) — YPFB will commence sales of its new fuel called Super Ethanol in the capital city of La […]
EDP Energias do Brasil To Host Management Gathering In NYC
(EDP Energias do Brasil, 22.Nov.2018) — EDP Energias do Brasil S.A. will host a Management Meeting on Monday, November 26, 2018 at Omni Berkshire Place […]
PDVSA In Talks Over 2nd Sea-Borne Oil-Transfer Operation
(Reuters, Marianna Parraga, 22.Nov.2018) — Venezuela’s state-run oil firm PDVSA has begun talks with shipping firms to set up a second ship-to-ship (STS) operation off […]
LatAmNRG Panorama 22.Nov.2018: Venezuela, Colombia, Argentina
(Energy Analytics Institute, Piero Stewart and Aaron Simonsky, 22.Nov. 2018) — Heard on the street and other LatAmNRG briefs from OPEC producer Venezuela, and neighboring […]
Tecpetrol Reports Rise In Fortín de Piedra Shale Production
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Tecpetrol announced production at its Fortín de Piedra unconventional shale gas project increased 36% to 15 million […]
YPF Awards EXMAR Contract For Export Of First LNG From Argentina
(Exmar, 21.Nov.2018) — Belgium’s EXMAR NV and Argentina’s YPF signed a firm, ten-year agreement to deploy EXMAR’s barge-based floating LNG liquefaction unit (FLNG), currently known […]
Venezuela’s Maduro Says $100/bbl Oil Is ‘Fair Price’
(Energy Analytics Institute, Piero Stewart, 21.Nov. 2018) — Venezuela’s President Nicolás Maduro said an $100 oil price is a “fair price” for a barrel of […]
Argentina To Start First-Ever LNG Exports In 2019
(Oilprice.com, Tsvetana Paraskova, 21.Nov.2018) — Argentina will be joining the ranks of exporters of liquefied natural gas (LNG) next year when it stars exporting gas […]
Petrobras To Be Led By Privatisation Advocate
(AP, 21.Nov.2018) — Brazil’s President-elect Jair Bolsonaro named pro-market reformer Roberto Castello Branco, as future chief executive of the country’s state-controlled oil company, Petrobras, on […]
Neuquén Gov’t Suspends YPF’s Environmental License At Two Pads
(Energy Analytics Institute, Aaron Simonsky, 21.Nov.2018) — The Government of the Province of Neuquén has temporarily suspended YPF’s environmental license at two pads in Bandurria. […]
Venezuela Fuel Shortages Get Worse As Tanker Staff Flee
(Bloomberg, Fabiola Zerpa, 21.Nov.2018) — Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos […]
DeNovo Delivers Initial Gas From Iguana Field Offshore Trinidad
(DeNovo Energy, 21.Nov.2018) — DeNovo Energy Limited, a subsidiary of the Proman Group, announced the first commercial supply of gas from the Iguana Field in […]
Bolivia Foresees Hydrocarbon Revenues Of $2.5 Billion In 2019
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sanchez announced the country foresees hydrocarbon revenues of $2.5 billion in 2019 […]
U.S.-Argentine Cos. Identify $270 Mln In New Vaca Muerta Developments
(Energy Analytics Institute, Aaron Simonsky, 20.Nov. 2018) — A road show by an Argentina delegation to New Orleans and Houston last week brought together 35 […]
Frontera Extends Consent Solicitation Relating To Senior Notes
(Frontera Energy, 20.Nov.2018) — Frontera Energy Corporation announced (i) an extension of its consent solicitation and (ii) a change to the consent fee payable to […]
PetroPeru Says 20 Workers Kidnapped In Loreto
(Energy Analytics Institute, Piero Stewart, 20.Nov. 2018) — The state-owned company PetroPerú announced that 20 workers from the Morona Station of the Norperuano Pipeline, located […]
Bolivia And Paraguay Sign MOU Related To Gas Pipeline
(Energy Analytics Institute, Aaron Simonsky, 19.Nov.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez and Paraguay’s Public Works Minister Arnoldo Wiens signed a Memorandum of Understanding […]
Responding To Disruptive Trends In Energy
(Jamaica Observer, 19.Nov.2018) — Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the […]
Ensign Moves Up Trinidad Bid Deadline
(Financial Post, 19.Nov.2018) — Ensign’s date change makes it more likely that it will emerge as the successful bidder for Trinidad, CIBC analyst says. Rising […]
YPFB Participated In 22 Events In 2018 Promoting Usage Of Urea
(Energy Analytics Institute, Aaron Simonsky, 18.Nov.2018) — Bolivia’s state oil company YPFB participated in 22 agricultural and multi-sector fairs or events to inform the population […]
France’s Total Sets Up Production Hub In Jamaica
(Jamaica Observer, Karena Bennett, 18.Nov.2018) — Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the […]
Trinidad Government Defends Guarantee To Petrotrin
(CMC, 16.Nov.2018) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to […]
Bolivian Gas Price Rises In Brazil And Argentina
(Energy Analytics Institute, Aaron Simonsky, 16.Nov. 2018) — The price of natural gas in Brazil and Argentina to-date has risen in both markets compared to […]
Premier Oil Eyes 3D Seismic At Mexico’s Block 30
(Energy Analytics Institute, 15.Nov.2018) — Premier Oil plans to acquire 3D seismic across Block 30, which contains the high impact Wahoo prospect, and reprocess existing […]