(Energy Analytics Institute, Clifford Fingers III, 10.Mar.2017) – Ecuador’s Shushufindi refinery has the capacity to bottle or fill 20,000 cylinders per day of liquefied petroleum […]
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 Clarification on Alliance News
(Petrobras, 10.Mar.2017) – Petrobras understands that the content disclosed to the market on the Strategic Alliance with Total on 10/24/2016, 12/21/2016 and 3/1/2017, includes the […]
Petrobras Updates on Nova Transportadora Sale
(Petrobras, 10.Mar.2017) – Petrobras informed that it was suspended today by the President of the Federal Regional Court for the 5th Region, the injunction that […]
Colombia’s TermoCandelaria Fined 35.4 Bln Pesos
(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – Colombian energy generator TermoCandelaria was fined 35,410 million pesos, equivalent to 48,000 minimum salaries, by the country’s Public […]
Pemex Director Meets Oil Sector Leaders
(Pemex, 8.Mar.2017) – The General Director of Petróleos Mexicanos, José Antonio González Anaya, had an intense activity during CERA week, the most important event of […]
Moody’s Changes Outlook on Argentine Cos
(Moody’s Investors Service, 7.Mar.2017) – Moody’s Investors Service revised to positive from stable the outlook for several companies operating in Argentina, while all ratings were […]
Strategic Alliance Between Petrobras, Total
(Petrobras, 7.Mar.2017) – Petrobras clarified that the R$ 500 million amount mentioned in the article published by the newspaper O Estado de S. Paulo and […]
Harvest Natural Announces 4Q:16 Results
(Harvest Natural Resources, Inc., 6.Mar.2017) – Harvest Natural Resources, Inc. announced 2016 fourth quarter and year-end earnings. Harvest posted a fourth quarter 2016 net income […]
EcoStim Secures $17 Million in New Funding
(Eco-Stim Energy Solutions, Inc., 6.Mar.2017) – Eco-Stim Energy Solutions, Inc. announced that an affiliate of Fir Tree Partners (FTP) entered into a transaction with an […]
Pemex, BHP Billiton to Develop Trion Block
(Pemex, 3.Mar.2017) – Petróleos Mexicanos and the Australian company BHP Billiton signed an agreement to develop the deep-water Trion Block during an event hosted by […]
Mariscal Sucre to Produce 300 MMcf/d
(Energy Analytics Institute, Piero Stewart, 2.Mar.2017) – The Mariscal Sucre offshore project is expected to be producing 300 million cubic feet per day (MMcf/d) in […]
Gran Tierra to Make Normal Course Issuer Bid
(Gran Tierra Energy Inc., 1.Mar.2017) – Gran Tierra Energy Inc. intends to implement a normal course issuer bid through the facilities of the Toronto Stock […]
GeoPark Announces Expansion of Tigana/Jacana
(GeoPark Limited, 2.Mar.2017) – GeoPark Limited announced the successful drilling and testing of the Jacana 11 appraisal well in the Jacana oil field in the […]
Guyana’s Initial Oil Output to Surpass Trinidad
(Energy Analytics Institute, Pietro D. Pitts, 2.Mar.2017) – Sleepy Guyana is gearing up to surpass twin-island nation Trinidad and Tobago in terms of oil production. […]
Gran Tierra Energy Provides Operational Update
(Gran Tierra Energy Inc., 1.Mar.2017) – Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented “2017 is off to an exciting start for […]
Petrobras, Total Finalize Strategic Alliance
(Petrobras, 1.Mar.2017) – Petrobras and Total signed the sales contracts for the assets in the Strategic Alliance, as set out in the Master Agreement signed […]
Ecopetrol’s Annual General Shareholders’ Meeting
(Ecopetrol, 27.Feb.2017) – The Chief Executive Officer of Ecopetrol S.A. announced details of the Annual General Shareholders’ Meeting held on March 31, 2017 at the […]
PDVSA Steps up Legal Actions Against PetroSaudi
(PDVSA, 24.Feb.2017) – PDVSA, through its subsidiary PDVSA Servicios SA, has been involved in a legal battle against PetroSaudi Oil Services Ltd. Among other claims, […]
Petrobras Approves Settlements with Investors
(Petrobras, 24.Feb.2017) – Petrobras announces its Board of Directors has approved settlements to end four individual lawsuits filed before the Federal Court of New York, […]
PDVSA, Rosneft Hold Conference on EHCO
(PDVSA, 23.Feb.2017) – PDVSA and the Russian company Rosneft held a technical conference on strategy, innovation and technology for a sustainable future, February 22-23, 2017 […]
Nova Fronteira Merges into São Martinho S.A.
(Petrobras, 23.Feb.2017) – Petrobras announced that, further to the statement on 12/15/2016, its wholly owned subsidiary Petrobras Biocombustível S.A. (PBIO) finalized the merger of Nova […]
Petrobras Proceeds with Sale of PetroquímicaSuape
(Petrobras, 23.Feb.2017) – Further to the relevant fact disclosed on January 31, 2017, Petrobras announced that the Federal Regional Court of the 5th Region granted […]
PDVSA Strengthens Cuba-Venezuela Agreement
(PDVSA, 22.Feb.2017) – The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy […]
PDVSA and Schlumberger Discuss Business Relations
(PDVSA, 22.Feb.2017) – On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of Petróleos de Venezuela S.A. (PDVSA) to hold a meeting with […]
PDVSA Pays Interest to Bond Holders
(PDVSA, 20.Feb.2017) – PDVSA informed all holders of PDVSA Bonds maturing in 2022, that payment of interest was made on February 17, 2017 corresponding to […]
PDVSA Actions in Rincón, Shiera Cases
(PDVSA, 20.Feb.2017) – As has been informed, PDVSA subsidiary Bariven, S.A., has been the victim of a fraud perpetrated by former contractors and suppliers of […]
Juniper’s Trinidad Journey: From Construction To Installation
(BP, 20.Feb.2017) — With a platform weighing nearly 10,000 tons in the Caribbean Sea, BP’s Juniper is no small feat. The $2 billion subsea project […]
ExxonMobil: About Guyana
(Exxon, 20.Feb.2017) — Located on the northern mainland of South America, Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south, […]
PDVSA to Investigate Barinas Pipeline Fire
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA announced a fire along a section of an oil pipeline located in Barinas state was controlled with […]
Venezuela, China Sign 8 Oil Deals
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Venezuela signed 22 agreements with China, including eight (8) related to heavy and extra heavy oil ventures in […]
PLC Refinery Conversion to Conclude in 2018
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA estimates that the deep conversion project at its 100 percent owned Puerto La Cruz refinery, which will […]
Lawsuits Push Venezuela to Brink of Default
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – A Paris Court of Appeal’s rejection of an annulment from Venezuela will force the cash-strapped South American country […]
Citgo Without CEO After Martinez Leaves
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Citgo Petroleum Corporation has yet to the report on a possible replacement to head the company after its […]
Ecopetrol Reserves Fall to 1,598 MMboe in 2016
(Ecopetrol S.A., 17.Feb.2017) – This valuation was made at a regulatory price of $44.5/barrel, lower prices negatively impacted 202 million barrels … Ecopetrol S.A. announced […]
Andes Energía, YPF to Develop Vaca Muerta
(Energy Analytics Institute (EAI), Clifford Fingers III, 16.Feb.2017) – Andes Energía and YPF plan joint investments to boost hydrocarbon production in the Vaca Muerta in […]
Ecopetrol Auction Related to EEB Declared Void
(Ecopetrol S.A., 15.Feb.2017) – Ecopetrol S.A. reported results of the fourth auction corresponding to Stage Two of the Program to Transfer and Award its 28,465,035 […]
Petrobras Reports Production in January
(Petrobras, 15.Feb.2017) – Petrobras’ total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 […]
Venezuela Advances with PLC Conversion Project
(PDVSA, 14.Feb.2017) – Members of the China-Venezuela High Level Joint Commission toured the facilities of the Puerto La Cruz Refinery in Anzoátegui state, to review […]
Venezuela, China Hold High Level Commission
(PDVSA, 13.Feb.2017) – The 15th China-Venezuela High Level Joint Commission took place at the José Félix Ribas Hall of Teresa Carreño Theater in Caracas, with […]
Venezuela Signs Eight Agreements with China
(PDVSA, 13.Feb.2017) – PDVSA ratified its cooperation with the People’s Republic of China with the signing of eight agreements at the 15th China-Venezuela High Level […]
Venezuela, Algeria Officials Discuss Bilateral Coop
(PDVSA, 13.Feb.2017) – Venezuela’s Foreign Minister Delcy Rodríguez and Oil Minister Nelson Martínez visited the People’s Democratic Republic of Algeria to continue working visits to […]
Petrobras Reaches Production Target
(Petrobras, 12.Feb.2017) – Petrobras reported average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above […]
Standard & Poor’s Improves Petrobras’ Rating
(Petrobras, 11.Feb.2017) – Petrobras announced that the credit rating agency Standard & Poor’s raised its rating for the company’s corporate debt to ‘BB-‘ from ‘B+’ […]
Venezuela’s Martínez meets Omani Counterpart
(PDVSA, 10.Feb.2017) – Venezuela’s Foreign Minister Delcy Rodríguez and the country’s Oil Minister Nelson Martínez traveled to the Sultanate of Oman to meet with Omani […]
FSRU Höegh Grace Receiving Cargo In Colombia [Video]
(LNG World, 10.Feb.2017) — Norway-based Höegh LNG’s FSRU Höegh Grace began commercial operations in Cartagena, Colombia at the end of last year. The Höegh Grace, used as […]
Petrobras Announces Final Tender Results
(Petrobras, 9.Feb.2017) – Petróleo Brasileiro S.A. – Petrobras (PBR) announced that holders of $4,899,100,000 and €631,753,000 principal amount of the outstanding notes of the series […]
Why is Venezuela’s Oil Sector So Shattered?
(Igor Hernández, IESA Professor, 8.Feb.2017) – For oil-dependent Venezuela, the drop in oil prices since 2014 has been hard. Combined with the collapse in production, […]
Ecopetrol Notice for Empresa de Energía de Bogota
(Ecopetrol S.A., 8.Feb.2017) – Ecopetrol S.A. announced on February 8, 2017, as established in the Offering Notice of Second Stage, the company published the offering […]
ICSID Orders Ecuador Pay ConocoPhillips $380 Mln
(ConocoPhillips, 8.Feb.2017) – ConocoPhillips’ wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the […]