ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Techint To Build Headquarters In Neuquén

(Energy Analytics Institute, Aaron Simonsky, 27.Jun.2019) — Techint Group’s Argentine affiliate Tecpetrol plans to inaugurate a new office in Neuquén by April 2020. “We hope to inaugurate the building next […]

Premier Makes Significant Resource Upgrade At Zama

(Premier, 27.Jun.2019) — Premier has significantly increased its resource estimate of the Zama field offshore Mexico, following its evaluation of the data acquired from the highly successful Talos Energy-operated Block […]

Brazil Bets Storing Oil Will Boost China Sales

(Bloomberg, 27.Jun.2019) — Brazil is making it easier for China’s teapots to buy Lula crude as it seeks to win more market share in the world’s biggest oil importer. State-controlled […]

NASA To Livestream South America Total Solar Eclipse

(NASA, 27.Jun.2019) — NASA has partnered with the Exploratorium in San Francisco to bring live views to people across the world of a total solar eclipse, occurring Tuesday, July 2, […]

Talos Energy Completes Zama Appraisal Program

(Talos, 26.Jun.2019) — Talos Energy Inc. provided an update on the Zama appraisal program in Block 7, located in the offshore portion of Mexico’s prolific Sureste Basin. Talos is the […]

Court To Decide Fight For Control Of US Refiner Citgo

(Reuters, 26.Jun.2019) — A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs […]

ANH Colombia Says 10 Oil Blocks Have Been Allocated

(ANH Colombia, 26.Jun.2019) — At the end of the Counteroffer Hearing of the first auction of the PPAA, held today, the National Hydrocarbons Agency (ANH) confirmed the allocation of 10 […]

Petrobras Prices 2nd Caixa Econômica Federal Offering

(Petrobras, 26.Jun.2019) — Petrobras announced that on June 25, 2019, it priced the global offering by Caixa Econômica Federal (the “Selling Shareholder”)of 241,340,371 common shares, without par value,of Petrobras (“Common […]

Petrobras Starts Non-Binding Phase For Sale Of Breitener Energética S.A.

(Petrobras, 26.Jun.2019) — Petrobras, following up on the release disclosed on 06/11/2019, announces the beginning of the non-binding phase for the sale of 93.7% of its interest in Breitener Energética […]

Mexico Moves To Ramp Up Oil Production

(Oilprice.com, Haley Zaremba, 26.Jun.2019) — It’s been a rough couple of years–make that decades–for Mexico’s state-owned oil company Petroleos Mexicanos. The country’s oil production rates have been in freefall for […]

Colombia Grants Contracts For 10 Blocks, One Pending

(Reuters, 26.Jun.2019) — Colombia accepted bids from six companies for 10 oil contracts on Wednesday, after just one block received a counter-offer during a bidding process meant to revitalize its […]

Tullow Eyes Two Guyana Exploration Wells In 2H:19

(Tullow, 26.Jun.2019) — In Guyana, Tullow plans to drill two consecutive exploration wells in the second half of 2019 on the Orinduik licence with the Stena Forth drillship which is […]

ENRE Fines Edesur $278.2mn Related To Electrical Safety

(Energy Analytics Institute, Aaron Simonsky, 25.Jun.2019) — Argentina’s regulator of electric services or ENRE fined Edesur $278.2 million for “anomalies” related to electrical safety along public highways. ENRE ordered the […]

Latin America and the Caribbean

Panama May Soon Lose MGO price Advantage

(Argus, 24.Jun.2019) — The global marine fuel regulation could diminish the price advantage for marine gasoil (MGO) that Panama enjoys over other Latin American countries. That is because the International […]

TPHL Announces Expiration And Final Results

(TPHL, 25.Jun.2019) — Trinidad Petroleum Holdings Limited (TPHL) today announced the expiration and final results of its previously announced offers to exchange any and all of its outstanding notes, originally […]

Pemex To Supply 240 MMcf/d To Yucatan Peninsula

(Energy Analytics Institute, Jared Yamin, 25.Jun.2019) — Mexico’s state oil and gas entity Pemex will supply the Yucatan Peninsula with 240 million cubic feet (MMcf/d) of natural gas starting 15 […]

Petrobras’ Divestment Of Enchova And Pampo Clusters

(Petrobras, 25.Jun.2019) — Petrobras, following up on the release dated June 13, 2019, informs that it will hold a new round of final offers for the sale of Enchova and […]

Mexico’s CNH Approves BP’s Offshore Drilling Plan

(Reuters, Rebekah Ward, 25.Jun.2019) — Mexico’s oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf […]

Mexico Open Season: GMEC’s Monroy And Baker Institute’s Duhalt Weigh In

(Energy Analytics Institute, Aaron Simonsky and Jared Yamin, 25.Jun.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals and unconventionals […]

U.S. Judge Sets Audience For 11 July 2019

(Energy Analytics Institute, Aaron Simonsky, 25.Jun.2019) — Lawyers defending Argentina and Burford Capital faced off in the court of Judge Loretta Preska in the first official trail appointment related to […]

LatAmNRG Heard On The Street: Gas Markets, Argentina Tender

(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA — […]

Petrobras Starts Rio Ventura Cluster Non-Binding Phase

(Petrobras, 25.Jun.2019) — Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in eight […]

Vaca Muerta Finally Produces Oil, 100 Years Later

(Bloomberg, Jonathan Gilbert, 25.Jun.2019) — Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as the Vaca Muerta. […]

Brazil Approves Pro-market Gas Regulations

(Argus, 25.Jun.2019) — Brazil’s national energy policy council (CNPE) approved regulations that will open the country’s natural gas market and reduce the dominant position of state-controlled Petrobras. The new regulatory […]

Brazil Approves Natgas Market Overhaul

(Reuters, 24.Jun.2019) — Brazil’s energy policy council on Monday approved a plan to overhaul the domestic natural gas market, with the country’s Mines and Energy Minister Bento Albuquerque saying that […]

YPF Nationalization Trial To Continue In The U.S.

(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2019) — The U.S. Supreme Court of Justice dealt another blow to the strategy of the government of Argentina’s President Mauricio Macri when it deactivated […]

ReneSola And X-Elio To Develop Solar Projects

(ReneSola, 24.Jun.2019) — ReneSola Ltd entered into a development service agreement with X-Elio North America, a subsidiary of X-Elio, a Madrid, Spain-based company specialized in the development, construction, operation and […]

Moody’s Assigns B2 Rating To YPF’s Proposed 2029 Notes

(Moody’s 24.Jun.2019) — Moody’s Investors Service (“Moody’s”) has assigned a B2 rating to YPF Sociedad Anonima’s (YPF) proposed senior unsecured notes due 2029. The issuance volume will be in line […]

Venezuela’s Oil Crisis Affects Colombian Black Markets

(Reuters, Joshua Collins, 24.Jun.2019) — The business was just as lucrative as trafficking cocaine. When criminal gangs sold undocumented fuel on the black market in Colombia, they could net profits […]

LatAmNRG Ecuador Briefs: Quito Gasoline, Russia’s Tyazhmash To Finish Project

(Energy Analytics Institute, Piero Stewart, 22.Jun.2019) — LatAmNRG briefs related to OPEC member country Ecuador and gasoline prices in Quito, recycled waste imports, Russian company Tyazhmash’s plans to complete work […]

The End Of Mexico’s Rigorous Energy Reform

(Oilprice.com, Tsvetana Paraskova, 22.Jun.2019) — Mexican President Andrés Manuel López Obrador has been a vocal critic of the energy reform of his predecessor Enrique Peña Nieto, who opened in 2013 […]

Opinion: Two Decades Of 21st Century Socialism In Venezuela

(Energy Analytics Institute, Pietro D. Pitts, 22.Jun.2019) — New data from BP’s Statistical Review of World Energy (2019) provides two 10-year periods of study, which reveal the two-decade collapse of […]

Guyana Election Heightens Political Risk For Operators

(Energy Voice, Ryan Stevenson, 21.Jun.2019) — Guyana is due to hold a general election later this year that could have a significant bearing on the country’s emergence as a new […]

Trinidad’s Atlantic Resumes LNG Production

(Argus, 21.Jun.2019) — Trinidad and Tobago’s LNG producer Atlantic resumed operations today at its four-train 14.8mn t/yr liquefaction facility after a five-day shutdown caused by a power cut. The trains […]

Petrobras Updates On $700mn Vantage Payment

(Petrobras, 21.Jun.2019) — Petrobras, following up on the release of May 17, 2019, hereby informs that its subsidiaries paid today the amount of approximately US$700 million related to the decision […]

BPs’s Statistical Review Of World Energy, Edition 2019

(BP, 21.Jun.2019) — BP released its Statistical Review of World Energy, edition 2019, which provides a timely and objective insight into those developments and how that change can begin to […]

Mexico To Cut Pemex’s Profit-Sharing Duty To 54%

(Platts, Daniel Rodriguez, 21.Jun.2019) — The Mexican government will cut Pemex’s profit-sharing duty, known as DUC, to 54% by 2021 from the current 65%, the company’s financial director, Alberto Velazquez, […]

GeoPark Withdraws Request For Drilling Permit In Peru

(Reuters, Maria Cervantes, 20.Jun.2019) — GeoPark has withdrawn its request for an environmental permit to begin drilling for crude in the Peruvian Amazon amid protests from indigenous tribes, the oil […]

Asia

JinkoSolar Supplies 351 MW To Asia Pacific PV Projects

(JinkoSolar, 20.Jun.2019) — JinkoSolar Holding Co., Ltd. announced it has supplied Power Construction Corporation of China with 351MW of solar modules, which were installed at the Hồng Phong solar PV […]

TPHL Announces Extension Of Expiration Date

(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 […]

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 […]

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 […]

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.”) […]

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 […]

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 […]

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 […]

Africa

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 […]

Africa

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 […]

Africa

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 […]

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 […]