ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Frontera Extends Consent Solicitation Relating To Senior Notes

(Frontera Energy, 20.Nov.2018) — Frontera Energy Corporation announced (i) an extension of its consent solicitation and (ii) a change to the consent fee payable to consenting noteholders with respect to its previously announced consent solicitation to holders of the company’s $350 million aggregate principal amount of 9.700% Senior Notes due […]

PetroPeru Says 20 Workers Kidnapped In Loreto

(Energy Analytics Institute, Piero Stewart, 20.Nov. 2018) — The state-owned company PetroPerú announced that 20 workers from the Morona Station of the Norperuano Pipeline, located in Loreto, were kidnapped by a group of people from nearby communities. The incident occurred on November 17, 2018, announced PeruPetro in an official statement […]

Bolivia And Paraguay Sign MOU Related To Gas Pipeline

(Energy Analytics Institute, Aaron Simonsky, 19.Nov.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez and Paraguay’s Public Works Minister Arnoldo Wiens signed a Memorandum of Understanding related to construction of a natural gas pipeline that will allow for shipment of the molecules from the former to the latter. We hope to […]

Responding To Disruptive Trends In Energy

(Jamaica Observer, 19.Nov.2018) — Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the global energy sector. Advances in technology and a global call to preserve the environment, combined with consumer demand for more reliable, better quality, lower cost […]

Ensign Moves Up Trinidad Bid Deadline

(Financial Post, 19.Nov.2018) — Ensign’s date change makes it more likely that it will emerge as the successful bidder for Trinidad, CIBC analyst says. Rising temperatures in the battle between two Calgary drilling companies for ownership of a third were matched by rising share prices for all three on Monday. […]

YPFB Participated In 22 Events In 2018 Promoting Usage Of Urea

(Energy Analytics Institute, Aaron Simonsky, 18.Nov.2018) — Bolivia’s state oil company YPFB participated in 22 agricultural and multi-sector fairs or events to inform the population about the proper use and commercialization of urea as a fertilizer. Nationwide, the company participated in 14 agricultural events and eight multi-sector events, reported YPFB […]

Latin America and the Caribbean

France’s Total Sets Up Production Hub In Jamaica

(Jamaica Observer, Karena Bennett, 18.Nov.2018) — Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the island from which it is looking to export lubricants across the Caribbean. According to the recently appointed Managing Director of Total Jamaica, Christopher Okonmah, Jamaica […]

Trinidad Government Defends Guarantee To Petrotrin

(CMC, 16.Nov.2018) — The Trinidad and Tobago government Wednesday said it provided guarantees of more than US$400 million to the cash-strapped oil company, Petrotrin, to meet its financial and other obligations so far this year. Finance Minister Colm Imbert told legislators that as a result of the guarantee, the public […]

Bolivian Gas Price Rises In Brazil And Argentina

(Energy Analytics Institute, Aaron Simonsky, 16.Nov. 2018) — The price of natural gas in Brazil and Argentina to-date has risen in both markets compared to year-end 2017. In Brazil, the price of gas has increased 43% to $6.00/MMbtu during the fourth quarter of 2018 compared to $4.20/MMbtu at year-end 2017, […]

Premier Oil Eyes 3D Seismic At Mexico’s Block 30

(Energy Analytics Institute, 15.Nov.2018) — Premier Oil plans to acquire 3D seismic across Block 30, which contains the high impact Wahoo prospect, and reprocess existing 3D seismic over Blocks 11 and 13 in the Burgos basin in 2019, the company announced in an official statement. *** #LatAmNRG Related Stories https://energy-analytics-institute.org/premier-oil-to-spud-zama-appraisal-well-in-late-november-2018/

McDermott Hosts Celebratory Event For Abkatun-A2 Sail Away

(McDermott, 15.Nov.2018) — McDermott International, Inc. announced the details at an event hosted at their world-class fabrication yard in Altamira, Tamaulipas, Mexico. The event celebrates the sail away and another project milestone of the PEMEX Exploración y Producción PB-Abkatun-A2 oil and gas production platform. Representatives from PEMEX, government officials, including […]

McDermott Awarded Services Contract By Talos Energy

(McDermott, 15.Nov.2018) — McDermott International, Inc. announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott […]

Venezuela Set To Share Economic Data With IMF

(OilPrice.com, Tsvetana Paraskova, 15.Nov.2018) — OPEC’s member Venezuela—which is sitting on the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages—is getting ready to share macroeconomic data with the International Monetary Fund to avoid penalties including possible exclusion […]

Premier Oil To Spud Zama Appraisal Well in late-November 2018

(Premier Oil, 15.Nov.2018) — In September, the Mexican authorities approved the Zama pre-unitisation agreement between Pemex and the Block 7 partners as well as the Block 7 Zama appraisal programme. The first Zama appraisal well is on track to spud at the end of November and will be drilled to […]

Echo Energy Updates On Onshore Argentine Licenses

(Echo Energy plc, 15.Nov.2018) — Echo Energy provided an update on its planned operational programme and the continued development of its regional portfolio. Initiation of Two Well Stimulation Programme During 2018, Echo drilled four wells across the company’s onshore licences in Argentina (Fracción C licence). The first (ELM 1004) and […]

Venezuela Pushing For Dragon Gas In 18 Months

(Trinidad Express, 15.Nov.2018) — Venezuela’s minister of energy, Manuel Quevedo, said yesterday that his country’s state-owned oil giant PDVSA expects to start sending natural gas to Trinidad from the Dragon field, off this country’s north-west coast, within two years. Speaking at a news conference following the 20th ministerial meeting of […]

BP, Pan American Eye Exporting Argentina Shale Gas As LNG Via Chile

(S&P Global Platts, 15.Nov.2018) — Pan American Energy, the second-biggest oil producer and third for gas in Argentina, is working with BP on potentially exporting LNG out of Chile, a project that could prove faster to get Vaca Muerta shale gas to market than building a liquefaction facility in Argentina. […]

Bright Star of Mexico’s Energy Reform Bowing Out Of Spotlight

(NGI, Ronald Buchanan, 15.Nov.2018) — One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos (CNH), with only five months to go before the end of his second five-year term. As the head of the […]

Chile’s Pontificia Universidad Católica Wins Airbus 2018 GEDC Award

(Airbus, 14.Nov.2018) — Pontificia Universidad Católica de Chile’s SaviaLab recognised for innovative use of technology to increase diversity in engineering education. The SaviaLab diversity initiative from Pontificia Universidad Católica de Chile has been selected as the winner of the 2018 Airbus GEDC Diversity Award for innovative use of technology to […]

Officials At Mexico’s Central Bank, Oil Regulator Resign

(Financial Times, Jude Webber, 14.Nov.2018) — A deputy governor of the Bank of Mexico and head of the country’s oil regulator have both stepped down early from their posts, a fortnight before Andrés Mañuel López Obrador is sworn in as president. Roberto del Cueto Legaspi, the oldest member of Banxico’s […]

T&T Energy Minister: Positive Growth Forecast For NatGas Markets

(Loop News, 14.Nov.2018) — Minister of Energy and Energy Industries and President of the Gas Exporting Countries Forum, Franklin Khan, said the natural gas industry is forecast to grow within the coming year, a good indicator for Trinidad and Tobago. Speaking at a media briefing after the second session of […]

New Fortress Energy planning Nasdaq listing

(Jamaica Gleaner, Steven Jackson, 14.Nov.2018) — New Fortress Energy, the American company that develops gas infrastructures and supplies natural gas to Jamaica, has considered listing its shares on the Nasdaq stock exchange, but has redacted the pricing and amount set for the initial public offering. It was unclear up to […]

German Energy Firm To Launch IPO In Jamaica

(Jamaica Gleaner, Neville Graham, 14.Nov.2018) — A foreign investor in Jamaica’s largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in capital. But the German […]

No Credible Reports Of Corruption In Guyana Oil Sector

(Stabroek News, 14.Nov.2018) — The Department of Energy (DoE) has to date received no credible reports of any form of corruption as it relates contractors and deals in the nascent oil and gas sector. “To be quite blunt, no,” Head of the DoE Dr. Mark Bynoe said in response to […]

Argentina’s Energy Sec. Iguacel Promotes Vaca Muerta In US Road Show

(Energy Analytics Institute, Aaron Simonsky, 13.Nov.2018) — Argentina’s Energy Secretary Javier Iguacel participated in the annual Independent Petroleum Association of America (IPPA) meeting held in New Orleans, Louisiana. “We have a great opportunity to give Argentine citizens plenty of energy and at affordable prices. We are very happy because today […]

President Energy Says Argentine Oil Well Better Than Expected

(President Energy, 13.Nov.2018) — President Energy announced that production results from its first new Argentine well were ahead of expectations, while results from the second new well were very encouraging. Highlights from the Puesto Flores/Estancia Vieja Concession, Rio Negro Province (90% President and operator and 10% EDHIPSA, the Provincial energy […]

Producer Trinidad Calls For Global Gas Pricing Index

(Reuters, 13.Nov.2018) — Trinidad and Tobago’s Prime Minister Keith Rowley on Tuesday called on the Gas Exporting Countries Forum (GECF) to develop and implement a gas pricing index to ensure members receive adequate returns on the sale of the hydrocarbon. As gas supplies become increasingly available for consuming countries through […]

Shell Adds New, Deep-water Production In Brazil

(Oil & Gas Technoloy, Mark Venables, 13.Nov.2018) — New, deep-water production is underway at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo and consortium partners, announces that the FPSO P-69 is now producing. The FPSO P-69 is a standardized production […]

EP Petroecuador To Open Envelopes For Diesel No. 2 Tender

(Energy Analytics Institute, Piero Stewart, 13.Nov.2018) — EP Petroecuador will open envelopes today related to the import of 3,120,000 barrels (plus or minus 2%) of No. 2 Diesel Oil No. Approximately 36 companies qualified for the tender through registration via EP Petroecuador’ Suppliers Registry of the International Trade Management, the […]

Fuel Shortages The New Norm In Venezuela As Oil Industry Unravels

(Reuters, Tibisay Romero, Deisy Buitrago, 13.Nov.2018) — With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her grey Chevrolet Aveo searching for food. But the 54-year-old engineer has abandoned the practice because of shortages of something that should be […]

Pampa Energia Curbs Polystyrene, Styrene Butadiene Rubber Output On Demand

(S&P Global Platts, Bernardo Fallas, 13.Nov.2018) — Argentina-based energy company Pampa Energia is cutting polystyrene and styrene butadiene rubber production amid lackluster demand in Argentina and barriers to export, two company sources said Monday on the sidelines of the 38th Latin American Petrochemical Association meetings in Cancun. Pampa expects to […]

Work On Modernization Of Talara Refinery Reaches 71% Mark

(Energy Analytics Institute, Piero Stewart, 12.Nov.2018) — Construction of the Talara refinery in Perú continues. Modernization work at the refinery — which is comprised of 16 processing units and 5 auxiliary units — is 70.94% complete, PetroPerú reported in an official statement on its website. Work completion will increase the […]

YPF Says Combined Output Plummets 4.3% In 3Q:18

(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — YPF announced that combined equivalent production fell 4.3% in the third quarter of 2018. Total production fell to 529.1 Mboe/d in 3Q:18 compared to 553.2 Mboe/d in 3Q:17, and driven mainly by a decline in NGL production and natural gas demand restrictions, the […]

Pampa Energía To Hold 3Q:18 Conference Call

(Pampa Energía, 12.Nov.2018) — Pampa Energía S.A. announced it will hold a conference call to discuss its 3Q:18 results on Tuesday November 13, 2018 at 10:00 a.m. Eastern Standard Time / 12:00 p.m. Buenos Aires Time. The host will be Lida Wang, Investor Relations Manager at Pampa. For those interested […]

Pampa Energía Announces 3Q:18 Results, Accrual Impact

(Pampa Energía, 12.Nov.2018) — Pampa Energía S.A. announces results for the nine-month period and quarter ended on September 30, 2018. All figures are stated in Argentine Pesos and have been prepared in accordance with International Financial Reporting Standards except the application of IAS 29. Main Results for the Nine-Month Period […]

Oil And Gas Could Dominate 2020 General Election In Guyana

(CMC, 12.Nov.2018) — Finance Minister Winston Jordan has given an insight into the campaign for the 2020 general elections in Guyana telling voters that the oil sector will feature prominently in the race for the leadership of the Caribbean Community (CARICOM) country. Addressing a political meeting ahead of Monday’s Local […]

Argentina Initiates U.S. ‘Vaca Muerta’ Road Show

(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — Officials from Argentina initiated a road show today in the U.S. aimed at attracting investments in the Vaca Muerta formation in Neuquen. Argentina’s Energy Secretary Javier Iguacel, along with officials and representatives from more than 30 oil companies, plan to participate in the […]

World Bank Partners With Guyana For New Oil Sector

(Guyana Department of Public Information, 12.Nov.2018) — Prime Minister Hon. Moses V. Nagamootoo held discussions with a high-level, five-member team from the World Bank, which is visiting Guyana at the invitation of Finance Minister Winston Jordan. The hour-long meeting, at which Finance Minister Winston Jordan was present, took place on […]

Frontera To Commence Solicitation Related To 9.7% Senior Unsecured Notes

(Frontera Energy Corporation, 12.Nov.2018) — Frontera Energy Corporation intends to commence a consent solicitation to amend the indenture governing its outstanding 9.7% Senior Unsecured Notes due 2023. The company is proposing to amend certain restrictions relating to “Limitations on Restricted Payments” in the Indenture to, among other changes, replace an […]

PetroPerú Says Ilo Terminal Work Reaches 35% Completion Mark

(Energy Analytics Institute, Piero Stewart, 12.Nov. 2018) — Work related to construction of the new Ilo Terminal, being carried out by the Felguera Consortium, has reached a completion mark of 35.02%, PetroPerú announced in an official statement on its website. PetroPerú confirmed that the Felguera Consortium won the rights to […]

The Next Offshore Boom: Is Senegal The New Guyana?

(Oilprice.com, Viktor Katona, 12.Nov.2018) — I know what you think – such a headline is quite reckless given that Guyana has not produced any oil so far and it is not until 2020 that we can actually start talking about a Guyanese oil miracle. Still, Guyana is one of the […]

Venezuela Hoping To Steeply Raise Oil Output Next Year

(Reuters, 11.Nov.2018) — Venezuela is hoping to steeply raise oil output next year but will respect any new deal if OPEC agrees to reduce output from December, Oil Minister Manuel Quevedo said on Sunday. The south American OPEC nation’s current oil output is 1.5 million barrels per day and it […]

Brazil, Bolsonaro And Oil: A Future In The Balance

(The National, Robin Mills, 11.Nov.2018) — New president may make unpleasant listening but he says he wants to open up the country’s energy industry, which would be a good thing. New Brazilian president, the far-right Jair Bolsonaro, who takes office in January, has been labelled bad for the environment, human […]

Ecopetrol Activates Contingency Plans In Cedeño District

(Energy Analytics Institute, Piero Stewart, 11.Nov.2018) — Ecopetrol announced it has activated contingency plans after a new attack on the Caño Limón-Coveñas pipeline located in the Cedeño district, in the municipality of Toledo, Norte de Santander. “At Ecopetrol, we reiterate our rejection to any type of activity that endangers the […]

Ecuador To Use $58.29/bbl Oil Price In 2019 Budget

(Energy Analytics Institute, Piero Stewart, 11.Nov.2018) — Ecuador announced it will utilize a $58.29 per barrel oil price to calculate projected oil export revenues in 2019, reported online media El Universo. Ecuador, along with Venezuela, are the lone countries from Latin America to be members of OPEC. *** #LatAmNRG

ANCAP Interested In Hydrogen For Transport, Marta Jara Says

(Energy Analytics Institute, Aaron Simonsky, 11.Nov.2018) — Uruguay is studying possibilities with hydrogen. “ANCAP is interested in the hydrogen option, because it is an ideal energy for transport, and which can be managed with an infrastructure similar to that of other liquid fuels,” reported online media LaRed21, citing ANCAP President […]

JPS Promises Improved Power Supply After $116 Million Grid Investment

(Jamaica Gleaner,11.Nov.2018) — The Jamaica Public Service Company (JPS) is promising a more reliable power supply with an improved and more reliable grid in which it has invested $116 million this year. In a release, JPS said a major part of the improvement will come from the construction of an […]

JPS’s Sheree Martin Prepares To Go Off JPS Grid

(Jamaica Observer, 11. Nov.2018) — Sheree Martin, JPS’ senior vice-president (SVP) for business development, has announced her resignation from the energy company, effective November 27, 2018. “JPS has been nothing short of a tremendous experience for growth and learning, in both a professional and personal capacity. I am grateful for […]

Venezuela Gov’t Says Sabotage To Blame For Electric Outages In Margarita

(Energy Analytics Institute, Piero Stewart, 10.Nov.2018) — An explosion that occurred along a segment of the Northeast Gas Pipeline José Francisco Bermúdez, and which caused interruptions in electricity service in Nueva Esparta state, was an act of terrorism and sabotage, announced Venezuela’s Electricity Minister Luis Motta Domínguez. “The interruption of […]

EP PetroEcuador Inks Transport Deal With OCP Ecuador

(Energy Analytics Institute, Piero Stewart, 10.Nov. 2018) — EP Petroecuador signed a contract with OCP Ecuador S.A. on November 9, 2018 to renew the transportation of crude oil from Lago Agrio to Esmeraldas. The deal guarantees that production from EP Petroamazonas has preferential rights to use the open access capacity […]