(Eco-Stim Energy Solutions, Inc., 1.Dec.2016) â Eco-Stim Energy Solutions, Inc. finalized a $2 million secured loan from existing shareholders. The loan will have a one-year […]
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.
GeoParkâs Morona Block Approval in Peru
(GeoPark Limited, 1.Dec.2016) â GeoPark Limited obtained final regulatory approval for its acquisition of the Morona Block in Peru. In its first project returning to […]
Gran Tierra Common Stock Offering
(Gran Tierra Energy Inc., 29.Nov.2016) â Gran Tierra Energy Inc. closed the previously announced underwritten public offering of shares of its common stock. The company […]
Gran Tierra Announces Successful Putumayo Bid
(Gran Tierra Energy Inc., 28.Nov.2016) â Gran Tierra Energy Inc. announced that it submitted winning bids totaling a combined $30.4 million for two blocks which […]
GeoPark Announces Expansion of Jacana Oil Field
(GeoPark Limited, 23.Nov.2016) â GeoPark Limited announced the successful testing of the Jacana 6 appraisal well in the Jacana Oil Field in the Llanos 34 […]
Harvest Natural Resources Reports 3Q:16 Results
(Harvest Natural Resources, Inc., 9.Nov.2016) â Harvest Natural Resources, Inc. reported a third quarter 2016 net loss of approximately $7.1 million, or $0.55 per diluted […]
PDVSA Awards $138mn Contract To Tackle Petcoke Problem
(Reuters, 23.Sep.2016) â Venezuelan state oil company PDVSA said on Friday that Maroil Trading Inc has won a $138 million contract to remove a large […]
Big Oil Flocks To Argentina As Permian Land Prices Skyrocket
(Oilprice.com, Charles Kennedy, 15.Sep.2016) â The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers […]
Trinidad Energy Chamber Head Talks Marketplace
(The Oxford Business Group, 25.Sep.2016) â Energy Chamber of Trinidad and Tobago CEO Thackwray âDaxâ Driver talks about the expanding marketplace. What is the significance […]
Venezuela Still the Country with the Largest Oil Reserves
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2016) â Venezuela, the resource-rich South American country known for its chocolates, Caribbean beaches, lively citizens and beauty queens, […]
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) â Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a […]
Resilience: Actions of the Gas and Oil Industry
(Energy Analytics Institute, Jared Yamin, 11.Jul.2016) â The 6th version of the congress will take place from July 12-13, 2016 at the Los Tajibos Hotel […]
Venezuela Cancels Premier LAPS Oil Event
(Energy Analytics Institute, Pietro D. Pitts, 4.Jul.2016) â Venezuela will not hold its annual Latin American Petroleum Show (LAPS). The decision to cancel the event […]
Venezuela to soon initiate gas shipments to Colombia
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) â Venezuela plans to soon initiate shipments of natural gas to Colombia, reported Venezuela’s new agency AVN, citing the […]
Venezuela Producing 3.8 MMboe/d, PDVSA President Says
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) âVenezuela is producing 3.8 million barrels of oil equivalent per day, PDVSA President Eulogio Del Pino said during an […]
Maduro Holds Meeting with Citizens’ Joseph Kennedy
(Energy Analytics Institute, Piero Stewart, 2.Jul.2016) â Venezuela’s President Nicolas Maduro held a meeting with Citizens Energy Corporation founder Joseph Kennedy in Caracas to discuss […]
ExxonMobil’s 2nd Well Offshore Guyana Confirms Oil
(Exxon Mobil, 30.Jun.2016) â Exxon Mobil Corporation said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, […]
Wood Group Awarded Contract for Statoilâs Peregrino field
(Wood Group, 28.Jun.2016) â Wood Group was awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services to South Atlantic Holding […]
PetroEcuador Reports Increase In Shareholder Equity
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â EP PetroEcuador announced its Shareholder’s Equity rose to $5.659 billion in 2015 compared to $3.914 billion in […]
Ecuador’s SOTE Pipeline Spans 503 Kms
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â Ecuador’s SOTE pipeline spans 503 kilometers from the pumping station Lago Agrio No. 1 in the Amazon […]
Ecuador’s SOTE Celebrates 44 Years of Operation
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â The TranEcuadorian Oil Pipeline (SOTE by its Spanish acronym) was inaugurated on June 26, 1972 with a […]
PetroEcuador to Export No. 6 Fuel Oil in July
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â Trafigura PTE LTD won a bid by EP PetroEcuador whereby the former will export 950,000 barrels of […]
EP PetroEcuador Lays Out Goals for 2016
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â EP PetroEcuador revealed some of its goals for 2016, reported the state company in an official statement. […]
President Obama Insists Venezuela Respect Democratic Process
(Energy Analytics Institute, Jared Yamin, 25.Jun.2016) â U.S. President Barack Obama insists the Venezuelan government respect the democratic process regarding calls for a recall referendum […]
PDVSA Says Drilling Rig Inventory at 311 Units
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) â PDVSA’s inventory of drilling rigs in Venezuela at the end of May 2016 reached 311 units, of which […]
Venezuela Sends Two Fuel Tankers to Singapore
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) â Venezuela sent two fuel tankers at full capacity to Singapore, reported Reuters. The tankers, New Dream, rented by […]
PDVSA President Del Pino Orders Co. Audit
(Energy Analytics Institute, Jared Yamin, 24.Jun.2016) â PDVSA President Eulogio Del Pino ordered the investigation into presumed acts of corruption and bribery within the state […]
PetroEcuador Helps Control Fuel Oil Spill
(Energy Analytics Institute, 24.Jun.2016, Clifford Fingers III) â EP PetroEcuador turned over formal activities related to the containment, cleaning and monitoring along the Daule river, […]
Ecopetrol Offers 20 Production Assets
(Ecopetrol S.A., 24.Jun.2016) â Ecopetrol S.A. announced that it launched ‘Ronda Campos 2016,’ a public and competitive bidding process, the objective of which is to […]
PDVSA Raises Recovery Factor in South JunĂn District
(Energy Analytics Institute, Jared Yamin, 21.Jun.2016) â PDVSA has increased the recovery factor to 35 percent from 20 percent in the South JunĂn district of […]
Ecuador Permits Alcoholic Beverages at Service Stations
(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) â Ecuador has decided it will allow its service stations to again distribute alcoholic beverages. The distribution of […]
Ecuador Oil Output 556 Mb/d in May 2016
(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) â Ecuador’s oil output reached 556,000 barrels per day in May of 2016, up sequentially from 555,000 barrels […]
PDVSA Completes Directional Work on 70th Well in Maracaibo
(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) â PDVSA’s Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent […]
YPFB, Gazprom to Evaluate Potential of 3 Areas
(Energy Analytics Institute, Jared Yamin, 17.Jun.2016) â YPFB and Gazprom signed an agreement for the evaluation of the hydrocarbon potential of three areas reserved for […]
ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana
(Exxon Mobil, 18.Jun.2016) â Exxon Mobil Corporation has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest […]
Venezuela Needs to Learn to Live with $40-$45/Bbl Oil
(Energy Analytics Institute, Jared Yamin, 16.Jun.2016) â Venezuela has to learn to live with oil prices between $40 per barrel and $45 per barrel in […]
Three Companies Interested in Esmeraldas Overhaul
(Energy Analytics Institute, 16.Jun.2016, Clifford Fingers III) â Three companies, Adelca, Novacero and Practipower, presented their bids to buy an estimated 6,500 tons of salvage […]
Venezuela Seeks to Boost Gas Supply by Reducing Flaring
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) â Latin American oil producer Venezuela plans to increase the supply of natural gas in its domestic market by […]
PDVSA, Inpex Invest $350 Mln to Boost Gas Output
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) â PDVSA and Japan’s Inpex invested $350 million to improve gas compression operations at the Copa Macoya plant in […]
Fuel Demand in Colombia Increases with Closing of Venezuelan Border
(Energy Analytics Institute, Jared Yamin, 15.Jun.2016) â Demand for fuels in Colombia increased 11 percent due to the closing of the border with Venezuela, wrote […]
Petrobras Class Action in the United States
(Petrobras, 15.Jun.2016) â Petrobras informed the United States Court of Appeals for the Second Circuit issued an order granting Petrobrasâs petition to permit an appeal […]
Petrobras Starts Competitive Process to Sell LiquigĂĄs
(Petrobras, 15.Jun.2016) â Petrobras started the competitive process to sell LiquigĂĄs Distribuidora S.A., a wholly-owned, privately-held subsidiary operating in the bottling, distribution and selling of […]
New Libra Well Confirms Extension of Petrobras Oil Find
(Petrobras, 15.Jun.2016) â The Libra Consortium has concluded the drilling and evaluation of the seventh well in the block, located in the pre-salt of the […]
Venezuela in Talks with China About Grace Period
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) â Venezuela continues to discuss matters with China regarding a grace period for the South American country to pay […]
Venezuela Aims to Boost Oil Output Over Next Six Months
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) â Venezuela’s President Nicolas Maduro said his country needs to boost its crude oil output over the next six […]
PDVSA Still Seeks Friendly Settlement with PetroPar
(Energy Analytics Institute, Jared Yamin, 12.Jun.2016) â PDVSA continues to seek a friendly settlement with PetroPar in regards amounts it is owed by its Paraguayan […]
YPFB, PetroPar and LPG Distributors Discuss Contracts
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) â Officials from YPFB and its Paraguayan counterpart PetroPar meet with LPG distributors in Paraguay to evaluate the expansion […]
Schlumberger Rigs to Operate Under Different Scheme
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) â Schlumberger’s fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA […]
CITGO, Aruba Gov’t Finalize San Nicolas Refinery Deal
(Energy Analytics Institute, Pietro D. Pitts, 11.Jun.2016) â Authorities from the governments of Aruba, the Bolivarian Republic of Venezuela, and officials from Venezuela’s state oil […]