(Pemex, 5.Oct.2018) â Pemex Digital, Pemexâs Digital Transformation project, which is spearheaded by the Corporate Office of Information Technology and is supported by Pemex CEO Carlos Treviño Medina and 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.
Petrobras Prepays Debt With Banco do Brasil
(Petrobras, 5.Oct.2018) â Petrobras prepaid a debt with Banco do Brasil, in the amount of R$2 billion, whose maturity would occur in 2020. Simultaneously, Petrobras has signed with the same […]
Petrobras Offers Clarification On âCar Washâ News
(Petrobras, 5.Oct.2018) â Petrobras reports that it received the Official Letter No. 369/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 369/2018/CVM/SEP/GEA-1 âMr. Director, We refer to the news published […]
Ecuador Signs Oil Investment Contracts to Increase Output
(Xinhua, 5.Oct.2018) â Ecuadorian authorities signed investment contracts worth about 1.6 billion U.S. dollars with private companies to develop six oil fields in the country’s northeastern provinces, local newspaper El […]
Ecuador Signs Deals Worth $1.62 Bln for Development of 6 Oil, Gas Fields
(Sputnik, 5.Oct.2018) â The government of Ecuador, represented by the state-run Petroamazonas energy company, signed investment contracts worth $1.62 billion for the development of six oil and gas fields, local […]
Aker Solutions Wins Subsea Order for Libra’s Mero Field Offshore Brazil
(Aker Solutions, 5.Oct.2018) â Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field […]
Shawcor to Provide Pipe Coating Services for Guyana Deepwater Projects
(Shawcor Ltd. 4.Oct.2018) â Shawcor Ltd. (SCL) announced that its pipe coating division has been assigned work from Saipem valued at approximately C$110 million to provide thermal insulation and anticorrosion […]
Citgo, Valero Drive Up U.S. Purchases of Venezuelan Oil in September
(Reuters, Marianna Parraga, 4.Oct.2018) â Venezuelaâs September crude sales to the United States rose to their highest in over a year, boosted by purchases by Citgo Petroleum, the U.S. refining […]
AMLO Sees EOR, Pemex Farm-Outs As Key To Boosting Mexican Oil, Gas Output
(S&P Global Platts, Daniel Rodriguez, 4.Oct.2018) â Mexicoâs President-elect Andres Manuel Lopez Obrador will allow Pemex to continue farming out projects to boost oil and natural gas production from mature […]
Bolivian, German Companies Form JV Entity to Produce Lithium-ion Batteries
(Energy Analytics Institute, Ian Silverman, 4.Oct.2018) â Yacimientos del Litio Bolivianos (YLB), a Bolivian company, and ACI Systems of Germany signed a deal for the constitution of a joint venture […]
Transparency in Bolivian Hydrocarbon Information Needed, Jubilee Foundation Says
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) â Transparency in information is necessary in order for Bolivia and producing departments of the small Andean country to understand the full details related […]
YPF Updates On Oil Combustibles S.A. Bankruptcy Proceedings
(YPF, 3.Oct.2018) â YPF S.A. received notice of the decision adopted by the judge in charge of Oil Combustibles S.A.âs bankruptcy proceedings, which awarded the industrial assets of the bankrupt […]
Boliviaâs Economic Growth Expected to Exceed 4.5%: IMF
(Energy Analytics Institute, Aaron Simonsky, 3.Oct.2018) â Details of the International Monetary Fund (IMF) estimates were reported by the daily newspaper La RazĂłn, citing a speech made by Boliviaâs President […]
Trinidad Government Defends Decision To Close Petrotrin
(CMC, 3.Oct.2018) â The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the […]
Venezuelaâs Oil Exports Are Falling Even Faster Than Expected
(OilPrice.com, Irina Slav, 3.Oct.2018) â A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close […]
Boliviaâs ENDE Suspends Rositas Hydroelectric Project
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) â Boliviaâs National Electricity Company (ENDE) has temporarily suspended the Rositas hydroelectric project. Delegates from affected communities and two elected authorities from Vallegrande said […]
Jubilee Foundation Says Bolivian Gas Output Below Projections
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) â The Jubilee Foundation announced Boliviaâs production of natural gas is short of projections outlined in the countryâs Integral Hydrocarbon Development Plan 2016-2020 by […]
Ecuador, UN to Audit 5 Oil Projects Promoted Under Correa
(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) â Ecuador, with the assistance of the United Nations Organization (UN), is auditing five major oil projects promoted by former President Rafael Correa during […]
Venezuelan Oil Port Repairs Delayed, Crude Exports Fall: Sources
(Reuters, Marianna Parraga, 2.Oct.2018) â Repairs to a dock at Venezuelaâs main oil export port will take at least another month to complete following a tanker collision more than a […]
Baker Hughes to Bid for Petrobras PSC -Baker Hughes Executive
(Reuters, Marta Nogueira, Alexandra Alper, 2.Oct.2018) â General Electric Coâs unit Baker Hughes is preparing an offer for a production-sharing deal with Brazilâs Petrobras, a Baker Hughes executive said on […]
Why Companhia Energetica, and Petrobras Stocks All Popped Today
(The Motley Fool, Rich Smith, 2.Oct.2018) â Investors are upbeat facing the upcoming Brazilian presidential election. What happened Brazilian oil giant Petroleo Brasileiro (Petrobras) saw its stock surge 8.9% in […]
Mexicoâs President-Elect AMLO Commits to Respect Oil Contracts
(Renaissance Oil Corp., 2.Oct.2018) â Renaissance Oil Corp. announced that Mexico’s president-elect, Andres Manuel Lopez Obrador, who will take office on December 1, 2018, assured private energy executives on September […]
Oil Services Giant Schlumberger Contemplates New Investments in Ecuador
(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) â Schlumberger is said to be contemplating ânew investmentsâ in Ecuador. The announcement was revealed after a meeting between Schlumberger Manger Carlos Sarmiento and […]
Cut Venezuelaâs Oil Exports, and Cut its Tyrant Down to Size
(Washington Examiner, 1.Oct.2018) â Meeting with the president of Chile at the White House on Friday, President Trump pledged to continue confronting humanitarian suffering in Venezuela. The president deserves credit […]
Petrobras Offers Clarification On Valor EconĂŽmico News
(Petrobras, 1.Oct.2018) â Petrobras received the Official Letter No. 363/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 363/2018/CVM/SEP/GEA-1 âMr. Director, 1. We refer to the news published on this […]
Pemex to Import U.S. LLS Crude for Oct Delivery
(Reuters, 1.Oct.2018) â Mexicoâs state-run Pemex has launched a tender to buy 350,000 barrels of U.S. Light Louisiana Sweet (LLS) crude for October delivery, according to a document seen by […]
Trinidad to Raise Gasoline Price, Use $65/bbl Oil in 2019 Budget
(Energy Analytics Institute, Aaron Simonsky, 1.Oct.2018) â Trinidad and Tobago will use a $65 per barrel oil price to calculate its 2019 budget. Other key highlights related to the 2018/2019 […]
Argentina: The Energy Challenge
(YPF, 1.Oct.2018) â Argentinaâs unconventional oil & gas resources are among the worldâs largest. YPF is working and investing to increase production with the aim of meeting the challenge of […]
Oil Workers Protest Pay in Venezuela
(Bloomberg, 1.Oct.2018) â Venezuelan oil workers protested against a new minimum wage at key crude processing facilities last week, claiming the new law disregards previous pay scales and union agreements. […]
$2.6 Billion to Close Petrotrin Refinery
(LoopTT, Darlisa Ghouralal, 1.Oct.2018) â Severance packages for retrenched Petrotrin workers are expected to cost the State in the region of $2.6 billion. Finance Minister Colm Imbert made the announcement based […]
Obradorâs Government Will Renovate Refineries of Petroleos Mexicanos
(Prensa Latina, 1.Oct.2019) â The government of elected president Andres Manuel Lopez Obrador will make a strong investment to rehabilitare the six refineries presently property of Petroleos Mexicanos (Pemex) in […]
India Eyes Rupee-Route, Barter for Venezuelan Crude
(The Hindu Business Line, Vishwanath Kulkarni, Richa Mishra, 30.Sep.2018) â India is considering setting up a rupee-payment mechanism for trade with Venezuela, besides exporting rice and drugs to the South […]
Trinidad Energy Chamber, Petrotrin Officials Discuss Refinery Closure
(Energy Analytics Institute, Aaron Simonsky, 30.Sep.2018) â Members of the Energy Chamber of Trinidad & Tobago and a Petrotrin transition team meet to discuss issues related to closure of the […]
Mexicoâs Oil Regulator Backs Pemex Picking Its Own Partners
(Reuters, 30.Sep.2018) â Mexicoâs oil regulator supports a proposal to allow state-run oil company Pemex to pick its own equity partners for exploration and production projects, the head of the […]
Venezuela to Continue in Defense of Oil Market Equilibrium
(Energy Analytics Institute, Piero Stewart, 29.Sep.2018) â Venezuelaâs Oil Minister Manuel Quevedo announced the South American country would continue to seek equilibrium in the petroleum market. âUnder the leadership of […]
Energy Chamber to Host Forum in Guyana in November
(Energy Analytics Institute, Ian Silverman, 29.Sep.2018) â The Energy Chamber of Trinidad and Tobago will host a forum in Guyana in November 2018, to share experiences from Trinidadâs energy sector […]
Brazil Says to Suspend Energy Imports from Venezuela
(Energy Analytics Institute, Ian Silverman, 28.Sep.2018) â The Brazilian government announced it would suspend, until further notice, the importation of Venezuelan energy to supply Roraima, a state in northern Brazil […]
Mexico Must Double Oil Exploration Spending to Halt Output Fall: Pemex
(Reuters, Marianna Parraga, David Alire Garcia, 28.Sep.2018) â Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a […]
Petrobras Reports On Adjustment Of Sale Prices
(Petrobras, 28.Sep.2018) â Petrobras, following up on the releases disclosed on Aug. 7, 2018 and Aug. 31, 2018, informs that, due to the methodology established in the National Petroleum Agency […]
Grid Connection for Over 1 GW of Enel Solar Parks in Mexico
(Renewables Now, 28.Sep.2018) â Italian energy major Enel SpA has switched on and hooked to the grid two solar parks in Mexico totalling 1,089 MW. The 828-MW Villanueva and 260-MW […]
GB-Texaco Unveils Cashless, Cardless Fuel Payment System
(Jamaica Gleaner, Neville Graham, 28.Sep.2018) â GB Energy Jamaica, the petroleum marketing company that operates the Texaco fuel stations, was to unveil a new automated payment system before business owners […]
Shell Adds Material Acreage To Its Deep-water Position In Brazil
(Shell, 28.Sep2018) â Shell Brasil PetrĂłleo Ltda, a subsidiary of Royal Dutch Shell plc, and its bid consortium member Chevron Brasil Ăleo & GĂĄs Ltda, won a 35-year production sharing […]
Mexico Oil Auction Winners Stay Positive
(Bloomberg, Amy Stillman, 28.Sep.2018) â Mexicoâs oil auction winners BHP Billiton Ltd and DEA Deutsche Erdoel AG are hopeful that the slowdown in bid rounds is a feature of the […]
Transocean Extends Contract for Petrobras 10000 Through 2021
(Transocean Ltd., 28.Sep.2018) â Transocean Ltd. announced the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The contract is extended through October 2021, and […]
ExxonMobil Grabs Additional Acreage in Brazilâs 5th Pre-Salt Bid Round
(ExxonMobil, 28.Sep.2018) â Irving, Texas-based ExxonMobil increased its holdings in Brazilâs pre-salt basins after it won the TitĂŁ exploration block with co-venturer Qatar Petroleum during Brazilâs 5th pre-salt bid round. […]
Uruguay Judge Orders ANCAP to Pay $5.6 Mln to Exor Internacional Ltda.
(Energy Analytics Institute, Ian Silverman, 28.Sep.2018) â Uruguayan Judge Carlos Aguirre ordered ANCAP to pay a fine of $5.6 million plus interest to Exor Internacional Ltda. as a result of […]
Equinor and Petrobras Sign Brazilian Offshore MOU
(WindPowerOffshore, Craig Richard, 28.Sep.2018) â State-owned oil majors Equinor and Petrobras have signed a three-year memorandum of understanding (MoU) to develop the country’s offshore wind sector. The two companies have […]
Oil Spill Reported at Venezuelaâs AnzoĂĄtegui Petrochemical Complex
(Energy Analytics Institute, Piero Stewart, 27.Sep.2018) â Venezuelaâs JosĂ© Antonio AnzoĂĄtegui Petrochemical Complex was the site of a crude oil spill that affected the beaches of the Peñalver municipality in […]