(Shell, 23.May.2019) — Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell) announces today that production has started at the Shell-operated Appomattox floating production system months ahead of […]
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.
Ecuador Names New Hydrocarbons Vice Minister
(Energy Analytics Institute, Piero Stewart, 23.May.2019) — Juan Carlos Bermeo Calderón has been appointed Ecuador’s new Vice Minister over the country’s Energy and Non-Renewable Natural Resources Ministry, the ministry announced […]
CNOOC Limited Announces Appomattox Field Commences Production
(CNOOC, 23.May.2019) — CNOOC Limited announced the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. Appomattox Field is located approximately 128 kilometers southeast […]
Cano Limon, Bicentenario Pipeline Pumping Halted After Bombings
(Reuters, 22.May.2019) — Pumping on Colombia’s Bicentenario and Cano Limon oil pipelines has been halted following bomb attacks in recent days, sources from operators Bicentenario and state-run oil company Ecopetrol […]
Chile To Inaugurate 108 MW S4 Solar Photovoltaic Park In Coming Months
(Energy Analytics Institute, Aaron Simonsky, 22.May.2019) — Chile will inaugurate the 108-megawatt S4 Solar Chile photovoltaic park (former Huatacondo) in coming months, Chile’s Energy Minister Susana Jiménez Schuster announced 22 […]
Petrobras Names Nivio Ziviani To Board Of Directors
(Petrobras, 21.May.2019) — Petrobras announced its Board of Directors, at a meeting held yesterday, approved the nomination by the controlling shareholder of Mr. Nivio Ziviani to the position of member […]
Saudi Aramco And Sempra Energy Ink Largest LNG Deal For 6 Years
(WoodMac, 22.May.2019) — Sempra Energy and Saudi Aramco today announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA), which anticipates the negotiation […]
Colombia’s Ecopetrol Says Exports To U.S. Up On Venezuela, Higher Output
(Reuters, 22.May.2019) — Colombia’s state-run oil company Ecopetrol said on Wednesday its crude exports to the United States rose nearly 25% in the first quarter because of lower supply from […]
Ultrapar To Acquire Up To $200,000,000 Of Outstanding 5.250% Notes Due 2026
(Ultrapar, 22.May.2019) — Ultrapar International S.A., a public limited liability company (société anonyme) organized and established under the laws of the Grand Duchy of Luxembourg with registered office at 6, […]
Energy Chamber To Host Energy Efficiency and Renewables Tradeshow
(Energy Chamber, 21.May.2019) — Two years ago, the Energy Chamber of Trinidad and Tobago hosted its first Clean Energy Conference, an off-shoot from its Trinidad and Tobago Energy Conference which […]
Petrobras Updates On Change Of ADR Programs Custodian
(Petrobras, 21.May.2019) — Petrobras says the Brazilian Securities and Exchange Commission (CVM) has approved the change of the custodian bank of its ADR programs for common and preferred shares, which […]
Repsol Winds Down Operations In Venezuela
(VOA, Martin Arostegui, 21.May.2019) — Spain’s Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts from U.S. sanctions and continuing […]
Argentina’s Financial Crisis Creates An Opportunity For China
(Bloomberg, Jonathan Gilbert 21.May.2019) — A pair of dams going up in Patagonia is a testament to Beijing’s growing influence. Set on a remote steppe in Patagonia, where the winds […]
Petrobras Approves Amendment To Transfer Of Rights Agreement
(Petrobras, 21.May.2019) — Petrobras says its Board of Directors approved the execution of the Amendment to the Transfer of Rights Agreement pursuant to the National Council of Energy Policy, Resolution […]
LatAmNRG Ecuador Briefs: PetroAmazonas Deals, Drilling, Output, And Merger
(Energy Analytics Institute, Piero Stewart, 20.May.2019) — Heard on the street and LatAmNRG briefs related to the Petroamazonas EP and contracts for $78.1 million with China’s CNPC And Sinopec, optimized […]
Echo Energy Announces Portfolio Changes, CEO Appointment
(Echo Energy, 20.May.2019) — Echo Energy plc provided an update on the Tapi Aike seismic acquisition programme and to announce a restructuring of the company’s onshore Argentinian portfolio, pursuant to […]
Argentina Readies To Join LNG Exporters Club With Maiden Cargo
(Reuters, 20.May.2019) — Argentina is about to export its first liquefied natural gas (LNG) cargo from a new floating facility, marking a milestone for its energy sector boosted by rising […]
Italy’s Eni Awarded High Potential Exploration Block Offshore Argentina
(Eni, 20.May.2019) — The award of block MLO 124 is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 […]
Stratas Advisors Launches Mexico Crude Oil Outlook
(Stratas, 20.May.2019) — Extending coverage to the annual analysis of crude oil fundamentals, Stratas Advisors‘ North American research team now offers the Mexico Crude Oil Outlook, a 10-year annual report […]
Buenavista Renewables, ESCO, And Zodiac Aerospace Ink Long-Term PPA
(Buenavista, 20.May.2019) — Buenavista Renewables México, S. de R.L. de C.V. (“BVR”), a Buenavista Renewables company, and ESCO Comercializadora Energética S. de R.L. de C.V., a qualified supplier from Mexicali, […]
OPEC Founder Venezuela Pumps Less Oil Than Three Of Its Neighbors
(Bloomberg, Lucia Kassai, 20.May.2019) —Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take […]
Russian Oil Sales To U.S. ‘On Steroids’ Amid Venezuela Sanctions
(Bloomberg, Sheela Tobben, 20.May.2019) — Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by […]
Venezuela’s Opposition Hires Debt Adviser
(Argus, 20.May.2019) — Venezuela’s political opposition contracted with an international adviser to prepare for restructuring the country’s external debt that is expected to exceed $150bn. Lee Buchheit, a specialist in […]
US Sanctions Mining Company Backing Maduro
(Reuters, 19.May.2019) — The United States imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up […]
Petroamazonas’ Production Peaked At 428,780 Boe/d In The First 4 Months Of 2019
(Energy Analytics Institute, Piero Stewart, 19.May.2019) — Petroamazonas EP’s production of crude oil in the first four months of 2019 peaked at 428,780 barrels per day of equivalents, up 5.42% […]
Enel: Positive Impact From Resolution Of Pending Issues In Argentina
(Enel, 17.May.2019) — Enel S.p.A. announces that its listed Chilean subsidiary Enel Américas S.A. (“Enel Américas”) informed that its subsidiary in Argentina, Empresa Distribuidora Sur S.A. (“Edesur”), signed with Argentina’s […]
Without Venezuela’s Oil, Haiti Struggles To Keep Lights On
(AP, Ralph Thomassaint Joseph, 17.May.2019) — When her daughter was 4 years old, Jennifer Jean started a small catering business in Bourdon, a lower middle-class district of the Haitian capital. […]
Petrobras’ Says Motion To Vacate Arbitration Award Issued In Vantage Case
(Petrobras, 17.May.2019) — Petrobras, following up onthe Press Release of March 8, 2019, hereby informs that today the United States District Court for the Southern District of Texas denied Petrobras’s […]
Tullow Oil, Partners Exempted From Range Of Taxes In Guyana
(Stabroek News, 17.May.2019) — The National Assembly on Wednesday assented to tax concessions for the United Kingdom-headquartered Tullow Oil as well as its partners. “I humbly do my duty in […]
Ecopetrol Earnings And Revenues Increase Y/Y In Q1
(Zacks, Nilanjan Banerjee, 17.May.2019) — Ecopetrol SA (EC) reported first-quarter 2019 net income of 2,745 billion Colombian pesos, higher than 2,615 billion Colombian pesos in the March quarter of 2018. […]
Petrobras Removes Three Banks From BR Distribuidora Privatization
(Reuters, Gram Slattery and Carolina Mandl, 17.May.2019) — Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four […]
Wintershall DEA Boosts Interest In Block 5 Offshore Mexico
(Wintershall DEA, 17.May.2019) — Wintershall Dea and its partners in Block 5, Murphy Sur (operator), a wholly owned subsidiary of Murphy Oil Corporation, and PC Carigali Mexico Operations, S.A. de […]
Argentina Awards 18 Exploration Areas Offshore For $724 Million
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) — Argentina’s Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the country’s Finance Ministry announced May 17 in an […]
Wigton Windfarm Shares To Be Listed Soon On Jamaica Stock Exchange (JSE)
(Jamaica Observer, Balford Henry, 17.May.2019) — The Petroleum Corporation of Jamaica (PCJ) says that the Wigton Windfarm IPO shares will be listed and begin trading on the main market of […]
US Targets Shippers For Bringing Venezuela Oil To Cuba
(AFP, 17.May.2019) — The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba in what it called a response to actions against […]
Gas Station Lines Reappear In Venezuela As Refinery Halts, Fuel Imports Plunge
(Reuters, Mircely Guanipa and Marianna Parraga, 16.May.2019) — Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the country’s second-largest oil refinery halted […]
Sell Oil, Buy Electric
(Trinidad and Tobago Newsday, Ryan Hamilton-Davis, 16.May.2019) — The Regulated Industries Commission (RIC), the regulatory body for water, waste water and electricity, has come up with an initiative that could […]
MAN Energy To Supply Compressor Trains For FPSO In Mexico
(MAN Energy, 16.May.2019) — MODEC has commissioned MAN Energy Solutions to supply a total of six compressor trains for a new FPSO vessel in the Gulf of Mexico. “We are […]
Who Gets Venezuela’s Oil?
(CNN, Allan Dodds Frank, 16.May.2019) — Venezuela’s future is in limbo, as its embattled president continues to fend off a national movement for regime change. And whether President Nicolas Maduro […]
Venezuela’s Ad-Hoc PDVSA Board Begins Payment On Citgo-Backed 2020 Bond
(Reuters, Corina Pons and Mayela Armas, 16.May.2019) — Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made […]
Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’
(Reuters, Humeyra Pamuk, 16.May.2019) — French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to […]
Work Continues On The 10 MW Patagónicos Wind Farm In The Magallanes Region
(Energy Analytics Institute, Aaron Simonsky, 15.May.2019) — Construction of the new Patagónicos Wind Farm in the Magallanes Region, a joint venture between Enap and Pecket Energy, continues to advance with […]
Rising U.S. Oil Output Helps Fill Gap Left By Iran, Venezuela: IEA
(Reuters, Noah Browning, 15.May.2019) — The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the […]
LatAm’s Gasoline Problems: Mexico And Brazil Diverge In Fuel Balance Strategy
(WoodMac, 15.May.2019) — The two dominant players in Latin American oil and gas – Petrobras and Pemex – should face negative net gasoline balance for decades to come. This makes […]
JinkoSolar Prices Follow-on Offering Of 4,062,500 ADSs And Private Placement
(JinkoSolar, 15.May.2019) — JinkoSolar Holding Co., Ltd. announced priced the follow-on offering of 4,062,500 American depositary shares (the “ADSs”), each representing four ordinary shares of the Company, par value US$0.00002 […]
LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards
(Energy Analytics Institute, Piero Stewart, 14.May.2019) — Heard on the street and LatAmNRG briefs related to OPEC’s Monthly Oil Market Report, EP PetroEcuador awards Trafigura deal to import 2,750,000 barrels […]
Eni Reports New Light Oil Find In Block 15/06 Offshore Angola
(Eni, 14.May.2019) — Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery […]
Argentina’s Economic Crisis Threatens To Stall Vaca Muerta
(Petroleum Economist, Charles Waine, 14.May.2019) — Argentina’s hope of fast-tracking production from its vast Vaca Muerta shale play, the world’s second largest by output, could be delayed as the country […]
Petrobras Awards McDermott EPCI Contract For Sepia Field Offshore
(McDermott, 14.May.2019) — McDermott International, Inc. announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase […]
Rovuma LNG Development Plan Approved By Mozambique Government
(Eni, 14.May.2019) — Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural […]