(Energy Analytics Institute, Piero Stewart, 15.Sep.2018) â EP Petroecuador detected a clandestine connection in the liquids line of the northern section of the gas capture station of the Shushufindi Refinery. […]
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.
Boliviaâs Morales Says Electricity Rates Will Not Rise
(Energy Analytics Institute, Ian Silverman, 15.Sep.2018) â Read my lips. Well, it wasnât exactly like that. However, Boliviaâs President Evo Morales clarified that electricity tariffs in the small land-locked South […]
Barbados Hunting New Suppliers Following Closure of Petrotrin Refinery
(Jamaica Gleaner, 14.Sep.2018) â Barbados says it is holding discussions with a number of suppliers to replace the energy arrangements it had with oil refinery Petrotrin. The refinery, based in […]
Argentina Owes Bolivia $250 Million for Natural Gas Sales
(Energy Analytics Institute, Ian Silverman, 14.Sep.2018) â Argentina owes Bolivia $250 million, which corresponds to two-months of natural gas sales. âHopefully they can honor the debt,â reported the daily newspaper […]
PetroTal Announces Grant of Performance Share Units, Deferred Share Units
(PetroTal, 14.Sep.2018) â PetroTal Corp. granted performance share units (PSUs) and deferred share units (DSUs) to certain officers and directors of the company. PetroTal granted an aggregate of 3,901,666 PSUs […]
Ecopetrol: Fracking Likely In Colombia, Business Prospects Are Positive
(Seeking Alpha, Dylan Quintilone, 14.Sep.2018) â Ecopetrol SA is a Colombian oil and gas company with headquarters in BogotĂĄ, Colombia. The company is listed by Forbes as the 300th largest […]
Argentine President Inaugurates Biogas-Fueled Electric Plant
(Efe, 14.Sep.2018) â President Mauricio Macri inaugurated on Friday a biogas-fueled electric plant in the Argentine province of Cordoba that he said will supply energy to 12,000 households and generate […]
Snapshot: Kosmos Energy Explores New Basin Potential in Suriname
(Energy Analytics Institute, Aaron Simonsky, 14.Sep.2018) â Kosmos Energy continues to explore new basin potential outside of Africa. In December 2011, Kosmos secured a position offshore Suriname, marking the companyâs […]
PetroTal Seeks Exploration Partner for the Osheki Prospect in Peru
(Energy Analytics Institute, Aaron Simonsky, 13.Sep.2018) â PetroTal Corp. is seeking joint venture partners to drill the first exploration well by the fourth quarter 2019 or early 2020. âWe are […]
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
(Bloomberg, Grant Smith. 13.Sep.2018) â The International Energy Agency warned that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in […]
U.S. Company Manager Pleads Guilty in PDVSA Bribery Scheme
(Reuters, 13.Sep.2018) â A former manager of a U.S.-based logistics company pleaded guilty on Thursday to paying bribes to secure contracts from Venezuelaâs state oil company PDVSA, and the guilty […]
France’s Total Enters Orinduik Block Offshore Guyana
(OffshoreEnergyToday, 13.Sep.2018) â French oil major Total has exercised its option to acquire a 25 percent working interest in the Orinduik block offshore Guyana after a competent persons report identified […]
NP CEO Says No Fallout On Refinery Closure
(Trinidad and Tobago Newsday, Sasha Harrinanan, 12.Sep.2018) â Most everyone knows about the 1,700 workers who will be out of a job once Petrotrin closes its oil refinery in Pointe-a-Pierre. […]
Venezuela’s Aug. 2018 Oil Output Continues Decline: OPEC MOMR
(Energy Analytics Institute, Jared Yamin, 12.Sep.2018) â Venezuelaâs oil production seems on an unstoppable downward trend. The OPEC countryâs production of crude oil fell 2.9 percent to 1,235 thousand barrels […]
Jamaica’s Economy Gets $5 Bln From PetroCaribe Over 13 Years
(CMC, 12.Sep.2018) â Jamaica says it has benefitted from projects estimated at US$5 billion under the Venezuela-led PetroCaribe initiative over the past 13 years. CEO of the Petro-Caribe Development Fund […]
Venezuela Constituent Assembly Seeks to Woo Private Oil Investment
(Reuters, Mayela Armas, 12.Sep.2018) â An overhaul of Venezuelaâs constitution being prepared by the pro-government Constituent Assembly will likely include changes intended to attract private investment in the countryâs oil […]
PDVSA To Reopen Damaged Port Dock By Month’s End
(Reuters, Marianna Parraga, 12.Sep.2018) â PDVSA expects to reopen the south dock of Venezuelaâs main oil port Jose by the end of September, easing strains on crude exports delayed due […]
Maduro Looks to China to Bolster Venezuela’s Collapsing Economy
(Afp, 12.Sep.2018) â Venezuela’s President Nicolas Maduro departed Wednesday for China in search of agreements to bolster the oil-exporting country’s collapsing economy. Maduro said the trip was “very necessary, very […]
Jamaica: Gas Prices Down $0.72, Diesel Down $0.35
(Jamaica Gleaner, 12.Sep.2018) â Gas prices are to go down by $0.72 tomorrow Thursday, September 13 The state-owned oil refinery, Petrojam, says E-10 87 will sell for $137.82 per litre and […]
Ecuador Holds Open Licensing Round for Eight Onshore Blocks
(World Oil, 12.Sep.2018) â Carlos PĂ©rez Garcia, Minister of Energy and Non-renewable Resources in Ecuador has announced an open licensing round for eight blocks onshore Ecuador, in SucumbĂos Province. These […]
Venezuela Oil Production Continues to Collapse
(Energy Analytics Institute, Jared Yamin, 12.Sep.2018) â The decline is consistent and constant as well as consistently and constantly bad, writes Caracas Capital Market in a research note emailed to […]
Venezuelaâs Oil Output Continues Fall, Ecuadorâs Rises in Aug. 2018
(Energy Analytics Institute, Piero Stewart, 12.Sep.2018) â Crude oil production in August 2018 in South Americaâs lone OPEC member countries, Venezuela and Ecuador, continued along usual trends, according to data […]
UNICEF Works on Developing Resilience in Caribbean Islands Affected by Hurricanes
(UNICEF Canada, 12.Sep.2018) â A year after two category 5 hurricanes caused destruction across parts of the Caribbean, most children in the affected countries are now back in school and […]
IEnova, BP Sign Contract For Liquid Fuels Terminal In Baja California, Mexico
(Sempra Energy, 11.Sep.2018) â Sempra Energy announced its Mexican subsidiary, Infraestructura EnergĂ©tica Nova, S.A.B. de C.V. (IEnova) signed a long-term contract with British Petroleum (BP) for the remaining 50 percent […]
Mexico Oil Production to Reach 2.6 MMb/d by 2025: Lopez Obrador
(S&P Global Platts, Daniel Rodriguez, 11.Sep.2018) â Mexico’s President-elect Andres Manuel Lopez Obrador said Sunday he plans to focus on developing and exploring onshore and shallow water areas under the […]
Ecopetrol Gets Approval for Contingent Credit Line for $665 Million
(Ecopetrol S.A., 10.Sep.2018) â Ecopetrol S.A. announced that as part of its integral debt management strategy, it will sign a contingent line of credit for $665 million with Scotiabank ($430 […]
Excelerate Energy, TGS Sign Deal to Study Liquefaction Project in BahĂa Blanca
(Excelerate Energy L.P., 10.Sep.2018) â Excelerate Energy L.P. and Transportadora de Gas del Sur S.A. announced the execution of a Memorandum of Understanding to jointly collaborate on the assessment of […]
Uruguay: A Clean Energy Leader
(Uruguay Investment Agency, 10.Sep.2018) â Uruguay stands out in Latin America for its high living standards and social and political stability. Today it is also a world leader in renewable […]
International Tribunal Rules for Chevron in Ongoing Ecuador Case
(OGJ, Nick Snow, 10.Sep.2018) â An international tribunal administered by the Permanent Court of Arbitration in The Hague found that a $9.5-billion judgment that Ecuadorâs government lodged against Chevron Corp. […]
Peru-Petro President Says Proposed Hydrocarbon Law âFavorableâ
(Energy Analytics Institute, Piero Stewart, 10.Sep.2018) â The proposed Law for the Promotion of the Hydrocarbons Industry, which will be debated shortly by Congress, is âfavorableâ for the country’s oil […]
Chevron Wins Ecuador Rainforest âOil Dumpingâ Case
(BBC, 8.Sep.2018) â An international tribunal in The Hague has ruled in favour of the US oil company, Chevron, in an environmental dispute with the government of Ecuador. Chevron had […]
Stena Bulk, Petrobras, Ink Two-Year Contract
(Energy Analytics Institute, Jared Yamin, 8.Sep.2018) â Stena Bulk signed a deal to charter two MR tankers to Petrobras. Under the deal, Stena Bulk will charter its MR product tankers […]
Venezuela Wants To Overhaul State Oil Firm PDVSA
(Oilprice.com, Tsvetana Paraskova, 7.Sep.2018) â Venezuela has set up a commission that will be working to reshuffle and reorganize its state oil firm PDVSA in the next few months, according […]
Frontera Receives Global Compact Awards from UN
(Frontera Energy Corporation, 7.Sep.2018) â Frontera Energy Corporation has been named a Canadian Sustainable Development Goals award winner for the second consecutive year by the Global Compact Network Canada, the […]
Guyana’s Jan Mangal Warns of Cash Payouts
(Stabroek News, 7.Sep.2018) â Former presidential advisor Jan Mangal has warned that while cash payouts from oil revenue may have an important role to play in the future, at this […]
YPF Board Names MarĂa LujĂĄn Bianchi As Chief Compliance Officer
(YPF, 7.Sep.2018) â The Board of Directors YPF S.A. announced, at its meeting held on September 6, 2018, approval of appointment of MarĂa LujĂĄn Bianchi as Chief Compliance Officer. LujĂĄn […]
Petrobras Unveils Gasoline Hedge in Bid to Weather Volatility
(Reuters, 6.Sep.2018) â Brazilâs state-run oil company Petroleo Brasileiro SA on Thursday unveiled a hedging program for gasoline prices in a bid to boost pricing flexibility and protect its financial […]
Argentina to Seek Bids on Renewable Energy Projects
(Efe, 6.Sep.2018) â The government of Argentina announced Thursday that it will launch a third round of tenders for bids on renewable energy projects in October. The announcement was made […]
Output from Main Pre-Salt Field to Peak in 2019
(Efe, 6.Sep.2018) â Output from Brazilâs most prolific pre-salt field will climb to a peak of 1 million barrels of oil per day in 2019, according to the executive manager […]
Guyana Govât to Proceed with Energy MoU
(Stabroek News, 6.Sep.2018) â The signing of the Memorandum of Understanding (MoU) on Energy Sector Cooperation between the governments of Guyana and Trinidad and Tobago, paving the way for cooperation […]
Tanker Backlog Builds Again in Venezuela
(Reuters, Marianna Parraga, 6.Sep.2018) â Crude exports by Venezuelaâs PDVSA have slowed after a tanker collision at its main port last month disrupted operations, adding to a backlog of vessels […]
Brazil Santos Lifting Costs Could Reach $5/bbl
(Reuters, 6.Sep.2018) â Lifting costs for the Santos basin in Brazil’s offshore pre-salt oil play should reach an all time low of $5 per barrel, but the timeline for reaching […]
Peru Approaching Lithium Discovery Announcement with Caution
(Efe, 6.Sep.2018) â Peruâs government is exercising caution after mining company Macusani Yellowcake announced in July that it had discovered the worldâs largest lithium deposit, the energy and mines minister […]
Venezuela Creates Commission to Reorganize PDVSA: Document
(Reuters, 6.Sep.2018) â Venezuela has created a commission to reorganize state oil company PDVSA in the coming months, according to the Official Gazette circulating on Thursday. PDVSA did not immediately […]
Concerns Raised Over Contract Release Program in Mexico
(S&P Global, 6.Sep.2018) â Mexico gas market observers have expressed concern that a lack of liquidity and supply guarantees will complicate the final phase of Pemex’s natural gas contract release […]
Peru Approaching Lithium Discovery with Caution
(Efe, 6.Sep.2018) â Peruâs government is exercising caution after mining company Macusani Yellowcake announced in July that it had discovered the worldâs largest lithium deposit, the energy and mines minister […]
AMLO to Continue Drilling Service Contracts
(Bloomberg, Amy Stillman and Eric Martin, 6.Sep.2018) â Mexicoâs next president said he will continue with tenders for drilling service contracts starting when he takes office. âWe are preparing the […]
Letâs Use Guyana Oil Funds for Teachers
(Stabroek News, 6.Sep.2018) â Dear Editor: How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value […]
Equinor To Start Drilling Carcara Field In 2018
(Reuters, 5.Sep.2018) â Norwayâs Equinor ASA said on Wednesday it would begin drilling in Brazil’s North Carcara oil field in the offshore Santos basin in 2018, after obtaining environmental permits. […]