(Ft.com, Gideon Long, 25.Oct.2018) — In a month in which emerging market government bonds have been hammered by the prospect of US rate increases, geopolitical risk and fears of a […]
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.
Conoco Is Collecting $2 Billion From Venezuela—One Barrel of Oil at a Time
(Bloomberg, Alex Nussbaum, 25.Oct.2018) — ConocoPhillips’ decade-old legal war with Venezuela began paying off this week as the embattled Latin American country started making good on a $2 billion arbitration […]
CITGO Expands Innovation Academy Presence In Texas
(CITGO, 25.Oct.2018) — CITGO Petroleum Company announced the West Oso Independent School District has approved the launch of a CITGO Innovation Academy in Corpus Christi, Texas. This is the fourth […]
Burns & McDonnell Says Eduardo Andrade Joins Firm As Mexico Ops Director
(Burns & McDonnell, 25.Sep.2018) — Eduardo Andrade, a longtime executive in the Mexico energy industry, has joined Burns & McDonnell as its general director in Mexico for Burns & McDonnell […]
P-69 Starts Operation In Lula Field, Pre-salt Of Santos Basin
(Petrobras, 24.Oct.2018) — Petrobras, with its partners in the BM-S-11 Consortium, started production of oil and natural gas in the Lula Extremo Sul area, in the pre-salt of Santos Basin, […]
Petrobras Fires Up New Platform In Offshore Lula Field
(Reuters, 24.Oct.2018) — State-controlled oil company Petroleo Brasileiro said on Wednesday it had started production on its eighth platform in the offshore Lula field, Brazil’s most productive, as it ramps […]
PDVSA Prepares To Make $949 Mln Payment On Citgo-Backed Bond
(Bloomberg, 24.Oct.2018) — Petroleos de Venezuela SA’s plan to make a $949 million bond payment would mark a rare exception for Nicolas Maduro’s regime as it tries to hold on […]
Private Investment To Drive Mexico’s Oil Production Growth
(Chron.com, Rye Druzin, 24.Oct.2018) — Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Mexico’s oil production could rebound to 3.5 million barrels […]
President-elect Lopez Obrador Slams Pemex For Crude Import Plan
(Reuters, 23.Oct.2018) — Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the […]
Justice Department Demands Details From Glencore On Intermediary Firms
(Reuters, Dmitry Zhdannikov, Julia Payne, 23.Oct.2018) — The U.S. Department of Justice is seeking documents from Glencore (GLEN.L) about intermediary companies that the commodities firm has worked with in the […]
Pemex Taking Preventative Measures Ahead of Hurricane Willa
(Pemex, 23.Oct.2018) — Pemex implemented the Hurricane Emergency Response Plan (PREH initials in Spanish) to safeguard and protect workers’ safety and its facilities in the states of Jalisco, Nayarit, Colima, […]
Pemex Confirms No Natural Gas Shortages In The Southeast Of Mexico
(Pemex, 23.Oct.2018) — Petróleos Mexicanos through its subsidiary Pemex Transformación Industrial (acronym in Spanish, TRI), confirms delivery of almost 100 MMcf/d of natural gas for customers in the Mexican Southeast […]
Petrobras Stock Upgraded: What You Need to Know
(The Motley Fool, Rich Smith, 23.Oct.2018) — Does Brazilian oil major Petroleo Brasileiro make for a good investment? There are a lot of reasons to answer, “No.” From 2014 to […]
Guyana: The World’s Next Offshore Oil Hotspot
(Oilprice.com, Tsvetana Paraskova, 23.Oct.2018) — With population of fewer than 750,000 people, Guyana—a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly […]
Phillips 66 Wins Tender To Sell U.S. Bakken Crude To Pemex -Traders
(Reuters, 22.Oct.2018) — Refining firm Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for delivery from November through […]
Pemex Designates Four Shipments to Import Light Crude Oil
(Pemex, 22.Oct.2018) — Petróleos Mexicanos evaluated several proposals for shipments to supply light crude oil, in accordance to the parameters established by Pemex Transformación Industrial (Pemex Industrial Transformation). As a […]
Echo Energy Updates on Well Result In Argentine Production Uplift
(Echo Energy, 22.Oct.2018) — Echo Energy announced plans to boost production at the Cañadon Salto Field in the Fracción D licence in Argentina, where it has now achieved 115 barrels […]
Bolivian, Argentine Officials to Discuss Gas Issues in La Paz
(Energy Analytics Institute, Jared Yamin, 21.Oct.2018) — Officials from Argentina and Bolivia will meet in La Paz on Oct. 22 to discuss issues related to the purchase and sale of […]
Añelo Population Growth Part Of Region’s Shale Boom
(Energy Analytics Institute, Ian Silverman, 20.Oct.2018) — Añelo’s population is expected to reach 25,000 by 2023 compared to nearly 8,000 today and just 2,000 in 2011, reported the media outlet […]
Argentina To Reduce Bolivian Gas Imports To Minimum
(Energy Analytics Institute, Jared Yamin, 20.Oct.2018) — Argentina will likely reduce its demand for Bolivian natural gas imports to a minimum, says an oil analyst. Argentina, which continues to boost […]
Camisea Consortium Resumes Operations at Malvinas Gas Plant
(Energy Analytics Institute, Ian Silverman, 20.Oct.2018) — The Camisea Consortium confirmed conditions at the Malvinas Gas Plant “are normal and present no risk to the safety of people, operations or […]
YPFB Reports Explosion Along Santa Cruz-Yacuiba Gas Pipeline
(Energy Analytics Institute, Jared Yamin, 19.Oct.2018) — An explosion along a portion of a pipeline that transports natural gas to Argentina injured a total of five people. Bolivia’s state oil […]
Bolivian Refineries Cover 71.4% Of Domestic Demand for Special Gasoline
(Energy Analytics Institute, Jared Yamin, 19.Oct.2018) — Production of special gasolines from Bolivia’s three existing refineries isn’t sufficient to cover the country’s demand. Domestic supply only covers 71.4% of domestic […]
Brazil Reserves And Production Update, H1 2018
(Seeking Alpha, George Kaplan, 19.Oct.2018) — Brazil and Petrobras show something in common with US LTO: even with a lot of debt and desire, and a strong resource base, it […]
Mexico’s Peso Falls To Lowest Level In 5 Weeks On Pemex Outlook
(Reuters, 19.Oct.2018) — Mexico’s peso currency reversed gains on Friday to fall 1 percent, hitting its lowest level in five weeks after a report by ratings agency Fitch on national […]
Petrobras Announces Resignation Of Board Member Christian Alejandro Queipo
(Petrobras, 19.Oct.2018) — Petrobras announced Mr. Christian Alejandro Queipo presented his resignation from the position as member of the company’s Board of Directors, for personal reasons. As a member representing […]
Petrobras Reveals Release Date For 3Q:18 Results
(Petrobras, 19.Oct.2018) — Petrobras will release its 2018 third quarter results on November 6, 2018, before the market opens. Therefore, between Oct. 22, 2018 and Nov. 6, 2018, the company […]
Environmental Emergency: 720,000 Lt. Oil Spill in Chile
(TeleSur, 19.Oct.2018) — The spill is the largest ever registered in the region of Tierra del Fuego. In the southernmost region of Tierra del Fuego in Chile, an oil spill […]
YPF Personnel Try To Mitigate Gas Leak In Bandurria
(Energy Analytics Institute, Ian Silverman, 19.Oct.2018) — YPF personnel conducted operations today to mitigate a gas leak located at the Bandurria deposit in Neuquén. No injuries were reported, and the […]
Petrofac Completes Sale Of 49% Interest In Mexican Operations
(Petrofac Limited, 19.Oct.2018) — Petrofac Limited announces that it has completed the sale of 49% of the company’s operations in Mexico to Perenco (Oil & Gas) International Limited, following approval […]
Foreign Oil And Gas Firms Look To Play Crucial Role In Venezuela
(Energy Global, David Bizley, 19.Oct.2018) — The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons due […]
Petrobras and CNPC Define Business Model For COMPERJ, Marlim Partnership
(Hydrocarbon Engineering, Alex Hithersay, 18.Oct.2018) — Petrobras has announced that it has signed an integrated project business model agreement (IPBMA) with China National Oil and Gas Exploration and Development Co. […]
YPFB To Build Five Satellite Regasification Stations
(Energy Analytics Institute, Jared Yamin, 18.Oct.2018) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to build five satellite regasification stations (ESR) that will benefit 12 populations of La Paz, Potosí, Chuquisaca […]
Gas Shortages In Southern Mexico To Reach Critical Levels In November
(S&P Global Platts, 18.Oct.2018) — Gas shortages in southern Mexico will reach a critical point in November as Pemex natural gas production continues declining and users lack access to LNG […]
Moody’s: Mexican Government’s Plan To End Oil Exports Raises Risks
(Kallanish Energy, 18.Oct.2018) — The incoming Mexican government’s announcement to end oil exports is credit negative to both Petroleos Mexicanos (Pemex) and to the government’s credit quality, says Moody’s investors Service, in […]
Petrobras Updates On Beginning Of Binding Phase Of Ceará Cluster
(Petrobras, 18.Oct.2018) — Petrobras, following up on the release disclosed on Oct. 4, 2017, informs the beginning of the binding phase regarding the sale of its entire stake in the […]
Petrobras LSFO Offer Sparks Fears Of Length In Europe
(S&P Global Platts, 18.Oct.2018) — Brazil’s Petrobras is offering 50,000 mt of 0.6% cracked low sulfur fuel oil from Brazil for delivery into Europe during the first decade of November, […]
Trinidad Government Announces New Company For Refinery Assets
(Trinidad and Tobago Newsday, Carla Bridglal, 18.Oct.2018) The government has announced a new state company, Guaracara Refining Company, into which the assets of the Pointe-a-Pierre refinery will be placed. The […]
Tarija Department Has Accumulated Losses of $100 Mln Since 2012
(Energy Analytics Institute, Jared Yamin, 18.Oct.2018) — Bolivia’s Tarija department has lost about $100 million in the last eight years. The figure corresponds to revenues the department has lost between […]
Pemex Has Registered 40,000 Illicit Connections Since 2012
(Energy Analytics Institute, Piero Stewart, 17.Oct.2018) — Petróleos Mexicanos (Pemex) has registered 40,000 clandestine pipeline connections in the last six years, announced company General Director Carlos Treviño during a speech to […]
Pemex Sells $2 Bln Bonds To Fund Investment And Refinance Debt
(Offshore Technology, 17.Oct.2018) — Mexican state-owned petroleum company Pemex has reportedly sold $2bn of its bonds. The sale of the ten-year Pemex bonds is said to have generated about 6.5% […]
Mexico’s Next Government Faces Bind In Pemex Ethane Deal
(Reuters, Diego Oré, 17.Oct.2018) — Mexico’s incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a […]
Mexico’s Salina Cruz Refinery Normal After Electrical Accident: Pemex
(Reuters, 17.Oct.2018) — Mexico’s Salina Cruz oil refinery is operating normally after three people were injured in an electrical accident, a spokesman for state oil company Pemex said on Wednesday. […]
Argentina Plans To Close LNG Importing Facility
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) — Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the matter, after booming production from […]
YPF Inaugurates Phase I Of 99-MW Wind Park In Argentina
(Renewables Now, 17.Oct.2018) — Argentine state-run oil company YPF inaugurated on Wednesday a portion of a 99-MW wind park in Chubut province that will produce clean power for its deposits […]
Trump Talks Tough On Venezuela, But Imports Ever More Venezuelan Oil
(Miami Herald, Andres Oppenheimer, 17.Oct.2018) — There is a major inconsistency in President Trump’s stand on Venezuela: He talks tough — and even makes veiled threats of a military intervention […]
U.S. Eyes More Venezuelan Sanctions, But Oil On Backburner: U.S. Official
(Reuters, Roberta Rampton, 17.Oct.2018) — The United States plans to turn up sanctions pressure on Venezuela but sees less need to immediately target its energy sector, given sagging production from […]
Pemex Seeks Up To 2.1 MMbbls Of U.S. Bakken Crude -Traders
(Reuters, 17.Oct.2018) — Mexico’s state-run oil company Pemex received bids this week for up to six 350,000-barrel cargoes of U.S. Bakken crude it wants to import from November through December, […]
PDVSA, Pequiven Retirees Protest Lack Of Pension Payments
(Energy Analytics Institute, Piero Stewart, 17.Oct.2018) — Retired workers with PDVSA and Pequiven spoke out in the streets in a protest aimed at calling attention to pensions unpaid by the […]
Merrill Lynch Interested In Guyana’s Proposed Sovereign Wealth Fund
(Stabroek News, 17.Oct.2018) — Representatives of Merrill Lynch Wealth Management have met with the Governor of the Central Bank of Guyana after recently indicating an interest in engaging in discussions […]