(Frontera Energy, 3.Dec.2018) â Frontera Energy Corporation announces an update on Block 192 in Peru. On November 30, 2018, the company was notified by PetroperĂș S.A., the operator of the […]
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.
Bynoe Says Guyana On Cusp Of Transformational Development
(Guyana Dept. Of Public Information, 3.Dec.2018) â Director, Department of Energy, Dr. Mark Bynoe this morning announced that United States oil giant ExxonMobil has made its 10th discovery offshore Guyana […]
Petrobras To Pay Interest On Own Capital
(Petrobras, 3.Dec.2018) â PetrĂłleo Brasileiro S.A (Petrobras) is paying today Interest on Own Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, […]
Petrobras And Murphy Conclude Formation Of GOM Joint Venture
(Petrobras, 3.Dec.2018) â Petrobras, following up on the release disclosed on October 10, 2018, concluded the operation that has resulted in the formation of a joint venture company (JV), of […]
ExxonMobil Makes 10th Guyana Find; Raises Stabroek Estimate To 5 Bln Bbls
(ExxonMobil, 3.Dec.2018) â ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 […]
Petrobras Executes New Contractual Deal Related To Eletrobras Debts
(Petrobras, 3.Dec.2018) â Petrobras, following up on the release published on Apr. 30, 2018, reports that today it executed contractual instruments related to a new agreement negotiated with Centrais ElĂ©tricas […]
YPFB Initiates Sale Of Urea In El Alto
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) â Boliviaâs YPFB initiated the sale of urea in El Alto at a price of Bs 167 per 50 kilo bag. The state-owned oil […]
Mexico’s AMLO Takes Office With Attack on Energy Overhaul
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) â After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexicoâs president with a bang, delivering a blistering attack on […]
India, Chile Discusses Ways To Enhance Cooperation In Trade, Energy
(The Hindu Business Line, 1.Dec.2018) ) â Several Indian companies, including Jindal Steel Works, TCS, Godrej, Dr Reddyâs, Wipro Technologies, Tata Motors, Bajaj Auto and Mahindra & Mahindra, are operating […]
Colombia Temporarily Suspends Search For Electricaribe Buyer
(Reuters, 1.Dec.2018) â The government ordered the liquidation of the company – a subsidiary of Spainâs Gas Natural – in March 2017 because of service provision failures, after taking temporary […]
Peru-Petro President Says 2018 Investments To Reach $505 Million
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) â Investment in exploration and exploitation of hydrocarbons will reach $505 million in 2018, up 3.9% compared to $486 million recorded in 2017, reported […]
Bolivia Eyes 30% Increase In Hydrocarbon Subsidy In 2019
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) â Bolivia envisions a 30% increase in its hydrocarbon subsidy due to the rise in the price of oil in international markets. The higher […]
Petrotrin Settles Debts, Fights Sabotage
(Trinidad and Tobago Newsday, Carla Bridglal, 1.Dec.2018) â Termination and other exit payments owed to Petrotrinâs workers as part of a $2.7 billion compensation settlement have finally started appearing in […]
Cosan Limited Announces Commencement Of Tender Offer
(Cosan Limited, 30.Nov.2018) â Cosan Limited commenced a tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the […]
OPDEnergy To Build Solar Photovoltaic Plants In Spain, Chile And Mexico
(OPDEnergy, 30.Nov.2018) â The multinational corporation OPDEnergy – specializing in the production of energy assets and in the management of all related phases (development, financing, construction, operation and maintenance) – […]
YPF Involved In New Oil Spill In Santa Cruz
(Energy Analytics Institute, Aaron Simonsky, 30.Nov.2018) â Argentinaâs state oil company YPF has been involved in yet another oil spill. The most recent incident occurred at the Los Perales reservoir, […]
Brazil Withdraws Offer To Host UN Climate Change Conference
(AP, 30.Nov.2018) â Brazil has withdrawn its offer to host a large United Nations conference on climate change next year, the foreign ministry said on Wednesday, leading environmental groups to […]
New Rules At Panama Canal Expected To Boost U.S. LNG Industry
(Houston Chronicle, Sergio Chapa, Staff writer 30.Nov.2018) â New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal per day are expected to […]
Frontera Energy Oil Operations In Peru Threatened By Pipe Rupture
(Reuters, Marco Aquino, 30.Nov.2018) â Canadaâs Frontera Energy Corp could be forced to halt operations in Peruâs largest oil block if a key pipeline ruptured amid indigenous protests is not […]
Shale Gluts, Ship Rules Make Heavy Sweet Oil An Unlikely Star
(Bloomberg, Serene Cheong and Dan Murtaugh, (30.Nov.2018) â Thereâs a rising star in the oil world, and itâs heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy […]
Normal Heavy Oil Extractions Lift 80% Water, 20% Oil
(Energy Analytics Institute, Piero Stewart, 29.Nov.2018) â Normal procedures at heavy oil wells produce water extraction at greater proportions than crude oil, announced an official at Petroamazonas. To be precise, […]
Nucor buys Mexican castings co. with facility in Guadalajara
(Energy Analytics Institute, Jared Yamin and Ian Silverman, 29.Nov.2018) â Nucor Corporation announced it will acquire Corporacion POK, S.A. de C.V., which produces complex castings and precision machined products used […]
Pemexâs Oil And Gas Output Fall Sequentially In October 2018
(Energy Analytics Institute, Jared Yamin, 29.Nov. 2018) âPemex reported sequential declines in both crude oil, condensates and natural gas production in October 2018. Pemex, as the state oil company is […]
Petrobras Reports On End Of Special Committee Activities
(Petrobras, 29.Nov.2018) â Petrobras reports that its Board of Directors approved yesterday the end of the Special Committee set up in December 2014 to provide a reporting line for the […]
Petrobras Announces Adjustment Of Diesel Sale Price
(Petrobras, 29.Nov.2018) â Petrobras, following up on the release disclosed on October 29, 2018 informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 […]
Perenco Acquires Three Fields In The Campos Basin From Petrobras
(Petrobras, 28.Nov.2018) â Petrobras signed with Perenco the contracts for the full sale of Petrobrasâ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in […]
Petrobras Sales Stake In Shallow Campos Fields
(Petrobras, 28.Nov.2018) â Petrobras reports that it has signed today with Perenco the contracts for the full sale of Petrobrasâ stake in the fields of Pargo, Carapeba and Vermelho, the […]
PetroEcuador To Open Envelopes For Import Of 3 MMBbls Of Premium Diesel
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 28.Nov.2018) â EP PetroEcuador will open envelopes related to the importation of 3,120,000 barrels plus or minus (+/-) 2% of Premium Diesel […]
Petrobras Divests Of Stake In 34 Onshore Fields In Rio Grande Do Norte
(Petrobras, 28.Nov.2018) â Petrobras announces that its Board of Directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio […]
Ecuador Seeks To Extract 49% More Oil From ITT
(Energy Analytics Institute, Piero Stewart, 28.Nov.2018) â The government of Ecuador intends to extract 49% more oil from the Ishpingo-Tambococha-Tiputini (ITT) block in 2019, according to data from Petroamazonas EP. […]
LatAmNRG Panorama 28.Nov.2018: Ecuador, Mexico, Peru, Venezuela
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) â Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On […]
Time For Texas To Share Renewable Energy Expertise With Mexico
(Caller Times, Carlos Torres-Verdin, 28.Nov.2018) â Ignore the incendiary rhetoric coming out of Washington D.C., the new political climate south of the border has never been more favorable, especially toward […]
Venezuela Makes Multimillion-dollar Payment To Retain Citgo
(Houston Business Journal, Olivia Pulsinelli, 28.Nov.2018) â Houston-based refiner Citgo Holding Inc. will remain owned by Venezuelaâs state-run oil company, PetrĂłleos de Venezuela SA, if PDVSA follows through with the […]
Cuba And Bolivia To Cooperate In Peaceful Use Of Nuclear Energy
(Prensa Latina, 28.Nov.2018) â Cuba and Bolivia on Wednesday signed an interagency agreement to strengthen, facilitate and expand the opportunities for technical, scientific and academic cooperation, and to develop the […]
The Social Impact Of G20 Argentina: From Schools To Cooperatives
(G20.org, 28.Nov.2018) â Over 15 social enterprises have participated this year in G20 events. And around 1,000 students in 9 cities across Argentina took part in the Model G20, a […]
Argentina Reports Rise In Petroleum, Gas Output
(Energy Analytics Institute, Aaron Simonsky, 28.Nov. 2018) â Argentina reported total petroleum production of 498 thousand barrels per day (Mb/d) in October 2018, up 1.8% year-over-year compared to 489 Mb/d […]
Petrobras Reports Oil And Natural Gas Output For October
(Petrobras, 27.Nov.2018) â Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), […]
Chet Morrison Completes EPCIC Project Offshore Trinidad And Tobago
(Chet Morrison and DeNovo, 27.Nov.2018) â Chet Morrison Contractors LLC has successfully completed the fabrication, installation and mechanical completion of: — A Conductor Supported Platform (CSP) — Offshore subsea pipeline […]
Mexico’s Oil Crisis Deepens
(Oilprice.com, Irina Slav, 27.Nov.2018) â Mexicoâs state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters […]
Petrobras Updates On CARF Decision Related To Remittances For Vessel Chartering
(Petrobras, 27.Nov.2018) âPetrobras reports that today the Administrative Board of Tax Appeals (CARF) issued a decision against the company in administrative tax proceedings on a total estimated amount of R$ […]
Ecopetrol Announces Redemption Of International Bond Issued In 2009
(Ecopetrol, 27.Nov.2018) â Ecopetrol S.A. provided a Notice of Redemption to the Noteholders of its 7.625% Notes due 2019 issued on July 23, 2009 in the aggregate principal amount of […]
Petrobras Offers Clarification Related To Business and Management Plan
(Petrobras, 27.Nov.2018) â Petrobras reports that it has received the Letter No. 1936/2018 -SAE, which requests the following clarification: Letter no. 1936/2018 -SAE âDear gentlemen, In the news published by […]