(TPHL, 20.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) announced that the expiration date has been extended until 5:00 p.m., New York City time, on June 21, 2019, unless extended or earlier terminated (such time and date with respect to the Exchange Offers, as the same may be extended, the “Extended […]
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 Starts Liquigás Binding Divestment Phase
(Petrobras, 20.Jun.2019) — Petrobras, following up on the release dated 05/10/2019, announces the beginning of the binding phase related to the sale of Liquigás Distribuidora S.A. At this stage of the project, process letters are issued to qualified interested parties with detailed instructions about the divestment process, including guidelines to […]
Pemex: New Refinery Environmentally Viable
(Reuters, David Alire Garcia, 19.Jun.2019) — Mexican President Andres Manuel Lopez Obrador’s push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, but is described as otherwise viable. The documents cover environmental impacts declared by state […]
Gran Tierra Shuts Production In Putumayo
(Gran Tierra, 19.Jun.2019) — Gran Tierra Energy Inc. announced an operations update regarding activities and results during second quarter 2019 to date. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production amounts are unaudited and on an average working interest before royalties (“WI”) basis unless otherwise […]
US Seeks Info From Guaido’s Ad-hoc Citgo Board
(Reuters, 19.Jun.2019) — An ad-hoc board of directors for U.S. oil refiner Citgo, named by Venezuelan opposition leader Juan Guaido, said on Wednesday it has received a request for information from U.S. officials, who are probing its parent company PDVSA for alleged corruption. The board was named by Guaido, also […]
Echo Completes Tapi Aike Seismic Acquisition
(Echo, 19.Jun.2019) — Echo Energy plc announced completion of the 3D seismic survey across the western cube on its Tapi Aike licence in Argentina and that processing of the western cube data acquired has now commenced. Equipment is currently being demobilised out of the area by the seismic acquisition contractor […]
Fuel Crisis Denting PdV Upstream Operations
(Argus, 18.Jun.2019) — Venezuela’s severe motor fuel deficit is starting to weigh on the Opec country’s crude production, as oil workers struggle to reach their jobs, and oil equipment and supplies fail to reach oil fields. The fuel crisis could push output below the May average of around 750,000 b/d, […]
Mozambique LNG Under Starter’s Orders
(WoodMac, 18.Jun.2019) — US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, […]
Oceaneering Awarded Contract In Mozambique
(Oceaneering, 18.Jun.2019) — Oceaneering International, Inc announced that it has been awarded a contract by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, to supply umbilicals, distribution hardware, and aftermarket services. The multiple lengths of onshore and subsea steel tube control umbilicals total approximately 115 […]
Anadarko Announces Mozambique LNG FID
(Anadarko, 18.Jun.2019) — Anadarko Petroleum Corporation and the co-venturers in Mozambique’s Offshore Area 1, today announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This official declaration of FID confirms the Area 1 Plan of Development is now effective with notice provided to the Government […]
Canada’s Gulf Coast Exports Up As Venezuela Gap Filled
(Reuters, Collin Eaton, 18.Jun.2019) — Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia […]
JinkoSolar Supplies 258MW Solar Modules In Vietnam
(JinkoSolar, 17.Jun.2019) — JinkoSolar Holding Co., Ltd. announced it has supplied Trung Nam Group with 258MW of monocrystalline PERC double glass modules which were installed at one of the largest solar-wind hybrid projects in Vietnam. Located in Ninh Thuan Province, Phase 1 of the project was recently completed which combined […]
“We Don’t Know Anything Yet” About The Power Outage, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 17.Jun.2019) — Regarding a power outage that affected Argentina and Uruguay on 16 June, Argentina’s Energy Secretariat Gustavo Lopetegui said: “We don’t know anything yet.” An investigation to take at least 15 days will assist Argentine authorities to find the causes of the blackout, reported […]
Petrobras Clarifies Natgas Find In Sergipe Basin
(Petrobras, 17.Jun.2019) — Petrobras, regarding the news published in the media, related the discovery of natural gas in the Sergipe Basin, clarifies that, in recent years, six deepwater discoveries have been confirmed in the Sergipe Basin: Cumbe, Barra, Farfan, Muriú, Moita Bonita and Poço Verde, as already disclosed to the […]
Japan’s Inpex And Indonesia Sign HoA On Masela Project
(WoodMac, 17.Jun.2019) — Woodmac Research Director Andrew Harwood commented on the announcement of INPEX signing a HoA with the Indonesian government on the Masela project. — The HoA formalises the recent outline agreement between the Government of Indonesia and INPEX on the Masela development project. After several setbacks in recent […]
Matamoros Turbine Plant To Supply U.S., LatAm Projects
(Chron.com, Sergio Chapa, 17.Jun.2019) — Wind turbine blades that are now being made in the Mexican border town of Matamoros will soon find themselves installed in projects throughout the United States and Latin America. German wind turbine maker and wind farm developer Nordex Acciona recently began production at the company’s […]
Power Returns After Blackout In Argentina And Uruguay
(Reuters, 16.Jun.2019) — Power returned to much of Argentina and two neighbouring countries following a massive blackout that left tens of millions in the dark on Sunday, but Argentine President Mauricio Macri said the cause of the “unprecedented” outage was still unclear. Argentina’s grid “collapsed” around 7 a.m. local time leaving […]
Argentina And Uruguay Scramble To Restore Power
(Reuters, Adam Jourdan and Eliana Raszewski, 16.Jun.2019) — Argentina and Uruguay were scrambling to restore power to millions of people after a massive power failure hit the Argentine grid early on Sunday, Argentina’s Energy Secretariat said. Energy company Edesur Argentina said it had restored power for 75,000 clients in the […]
Power Failure Cuts Power To All Of Argentina And Uruguay, Supplier Says
(BBC, 16.Jun.2019) — A massive electrical failure has left all of Argentina and Uruguay without power, according to a major Argentine electricity provider. Reports said the power cut had also affected parts of Brazil and Paraguay. Argentine media said the power cut occurred shortly after 07:00 (11:00 BST), causing trains […]
CBHE President: Export Volumes Don’t Determine Profitability
(Energy Analytics Institute, Aaron Simonsky, 16.Jun.2019) — An agreement signed between Bolivia and Paraguay, to carry out a study aimed at building a binational gas pipeline, is important and the volume exported doesn’t determine the profitability of a business, Bolivia’s Information Agency (ABI) reported, citing Bolivia’s Hydrocarbons and Energy Chamber […]
Ad Hoc PDVSA Board Suggest Jamaica Suspending Petrojam Takeover
(Energy Analytics Institute, Piero Stewart, 16.Jun.2019) — The ad hoc administrative board of Petróleos de Venezuela (PDVSA) appointed by interim Venezuelan president Juan Guaidó requested that the government of Jamaica suspend the “illegal expropriation” of the shares of PDVSA Caribe in Petrojam, approved by the Jamaican parliament in February 2019, […]
ANH Reveals Details Of Initial 11 PPAA Proposals
(ANH Colombia, 14.Jun.2019) — Colombia’s National Hydrocarbons Agency (ANH) reveals the initial proposals of the seven individual companies and the consortium that start the bid to stay with 11 area in the first cut of the Permanent Process of Area Allocation (PPAA) of 2019. After the process of validation of […]
Argentina And Uruguay To Advance Salto Grande Project
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The first phase of the joint development plan between Argentina and Uruguay to renovate the Salto Grande Bi-national Hydroelectric Complex will move forward with financing of $80 million from an Inter-American Development Bank (IDB) loan, Argentina’s Energy Secretariat said 14 June in an […]
Brazil Cities Paralysed As Bolsonaro Faces Strike
(AFP, 14.Jun.2019) — A nationwide strike called by Brazil’s trade unions disrupted public transport and triggered road blocks in parts of the country Friday, ahead of protests against far-right President Jair Bolsonaro’s pension reform. Hours before the opening match of the Copa America in Sao Paulo, some metro lines in […]
Argentina Eyes Exporting Oil In 2020, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui highlighted investments announced by Exxon Mobil destined for the massive development the Bajo del Choique – La Invernada block during the 6th Vaca Muerta Executive Board meeting that took place 14 June in Neuquén. “There are already four […]
Sixth Vaca Muerta Executive Board Meeting In Neuquén
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The 6th Vaca Muerta Executive Board meeting took place 14 June in Neuquén in the presence of the Neuquén Governor Omar Gutiérrez and Argentina’s Energy Secretariat Gustavo Lopetegui. During the meetings, several sub-working table groups comprised of representatives of the national and provincial […]
Schneider Electric Launches 1st U.S. Smart Factory
(Schneider, 13.Jun.2019) — Schneider Electric launched the first Smart Factory in the U.S. to demonstrate in real time how its EcoStruxure architecture and related suite of offerings can help increase operational efficiency and reduce costs for its customers. Embracing cutting edge technology and the benefits of the Industrial Internet of Things […]
Mexican Oil Regulator Cancels October Tender To Pick Pemex Partners
(Reuters, 13.Jun.2019) — Mexico’s oil regulator announced on Thursday the cancellation of October auctions to pick joint-venture partners in seven onshore areas for state oil company Pemex, which is struggling to reverse more than a decade of falling crude output. The move represents a fresh blow to the flagship energy […]
ExxonMobil Moving Forward With Vaca Muerta Expansion
(Exxon, 13.Jun.2019) — ExxonMobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval […]
Renewables Can Benefit The Upstream Business: WoodMac
(WoodMac, 12.Jun.2019) — One of the hottest topics at APPEA was how to use renewables to benefit an upstream business, rather than replace it. At APPEA, Darwin LNG operator ConocoPhillips said it would be the first LNG facility globally to use batteries to run plant turbines. Similarly, Woodside is installing […]
Irving-Texas’ ExxonMobil Decides To Develop Argentina’s Oil Block
(Zacks, 12.Jun.2019) — Exxon Mobil Corporation XOM recently announced its decision to develop an oil project in Argentina. The long-term project will be conducted in the Bajo del Choique-La Invernada block and the energy firm estimates production of 55,000 oil equivalent barrels on a daily basis from it over the […]
Poland’s PGNiG And Venture Global LNG To Acquire 1.5 MTPA Of LNG
(Venture Global, 12.Jun.2019) — In connection with the state visit of The President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company (PGNiG) has signed, in the Eisenhower Executive Office Building of the White House, an agreement with Venture Global LNG to purchase an additional 1.5 […]
NYSE Issues Continued Listing Standard Notice To Pioneer Energy Services
(Pioneer, 12.Jun.2019) — Pioneer Energy Services announced that it has been notified by the New York Stock Exchange (NYSE) that its common stock does not satisfy one of the NYSE’s standards for continued listing. The NYSE requires that the average closing price per share of a listed company’s stock be […]
Total, Shell, Petrobras Launch Mero 2 Project Offshore Brazil
(Chron.com, Jordan Blum, 12.Jun.2019) — The Libra Consortium led by Petrobras, Royal Dutch Shell and Total said they’ve authorized construction of the multibillion-dollar Mero 2 project offshore of Brazil. The authorization shows the international offshore sector is continuing a slow but steady rebound worldwide. The new development involves building a […]
Chile’s Comodoro Airport In Santiago To Run On Solar Energy
(Xinhua, 11.Jun.2019) — Photovoltaic panels will be installed to employ solar energy at Santiago’s Comodoro Arturo Merino Benitez International Airport, said Lucas Palacios, Chile’s vice minister of public works,on Tuesday. Some 3,000 photovoltaic panels will be installed to take advantage of the clean energy to “illuminate passengers, workers, and all […]
Libra Consortium Takes FDI On Mero-2 FPSO In Brazil’s Pre-Salt
(Shell, 11.Jun.2019) — Libra Consortium announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil. The FPSO will have a capacity to process up to 180,000 barrels of oil per day. The […]
Canacol’s Acordeon 1 Exploration Well Tests At 33 MMcf/d In Colombia
(Canacol, 11.Jun.2019) — Canacol Energy Ltd. released results of the Acordeon 1 exploration well located on its 100% operated VIM 5 block in the Lower Magdalena Valley Basin of Colombia. Given the magnitude of this new discovery, Canacol is altering its previously announced 2019 drilling program and has spud the […]
IEnova Reports Mechanical Completion Of Sur de Texas-Tuxpan Pipeline
(IENova, 11.Jun.2019) — Infraestructura Marina del Golfo, a joint venture between TC Energy Corporation and Infraestructura Energética Nova (IEnova), announced its Sur de Texas-Tuxpan Pipeline project in northeastern Mexico has achieved mechanical completion. Sur de Texas-Tuxpan will provide capacity to transport 2.6 billion cubic feet of natural gas per day. […]
Shell To Invest At Least $397 Million In Deepwater Oil Projects In Mexico
(Reuters, 11.Jun.2019) — Mexico’s independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the maritime border with the United States. The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next […]
ExxonMobil Proceeds With Vaca Muerta Project
(ExxonMobil, 11.Jun.2019) — ExxonMobil said it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to […]
Ghana To Help Guyana’s Energy Sector
(Demerara Waves, 11.Jun.2019) — Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo Addo was conferred with Guyana’s national award, the Order of Excellence by President David Granger, Harmon said […]
ANH Approves Occidental Farm Out with Amerisur
(Amerisur, 11.Jun.2019) — Colombia’s National Hydrocarbon Agency (ANH) granted approval of the farm-out agreement with Occidental announced 23 November 2018. The deal relates to four exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya in the Putumayo region, southern Colombia. As previously stated, Occidental acquires a 50% interest in each block and […]
FMC Corp. Realigns Leadership Structure In The Americas
(FMC, 11.Jun.2019) — FMC Corporation announced that it is realigning the leadership structure for its North America and Latin America regions. Ronaldo Pereira, president, FMC Latin America, has been appointed president of the company’s new Americas Region, which encompasses the U.S., Canada, Central America and South America. Pereira will continue […]
Argentine Shale Spurs Search For Oil, Gas Giant
(Platts, 11.Jun.2019) — On the vast, desolate plains of southern Patagonia, Compañía General de Negocios is stepping up drilling and exploration where few companies operate, an emerging trend of widening the search for oil and natural gas in Argentina. “The resource is very large,” Hugo Eurnekian, president of the Argentinian […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border with Venezuela, prime minister Keith Rowley said. The move indicates Trinidad’s “impatience” with Venezuela’s delay in agreeing on the development of the Loran-Manatee field that […]
Haitians Decry Squandered Venezuelan Oil Funds
(Argus, 11.Jun.2019) — Deadly street protests have erupted in Haiti following the publication of a court report alleging that recent governments mishandled about $2bn in oil-related credit from Venezuela. Seven people have been killed and many injured since 9 June as security forces attacked protesters, according to opposition groups that […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border with Venezuela, prime minister Keith Rowley said. The move indicates Trinidad’s “impatience” with Venezuela’s delay in agreeing on the development of the Loran-Manatee field that […]
Parex Announces Discovery At Andina Norte-1 Well, Test Of 2,900 B/D
(Parex, 10.Jun.2019) — Parex Resources Inc. highlighted testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos (WI Parex 50%, Ecopetrol S.A 50%): Parex, as the operator drilled the Andina Norte-1 exploration well to a total depth of 18,852 feet and encountered oil bearing reservoirs in the […]
Mexico’s Fuel Market To Be More competitive in 2020
(Platts, 10.Jun.2019) — Mexico’s already liberalizing fuel market will become far more competitive in 2020 as several private midstream projects start operations, multiple oil company executives say. Infrastructure shortages has allowed state Pemex to control more than 90% of Mexico’s gasoline imports in March, according to government data, despite the […]
Petrobras Announces Secondary Equity Offering By Caixa Econômica Federal
(Petrobras, 10.Jun.2019) — Petrobras announces that Caixa Econômica Federal (the “Selling Shareholder”), has commenced an offering of 241,340,371 common shares, without par value, of Petrobras, including Common Shares represented by American depositary shares, each of which represents two Common Shares (the “Common ADSs”), in a global offering that consists of […]