(Loop News, 26.Aug.2018) â On August 25, 2018, an historic agreement was made between Prime Minister Dr Keith Rowley and Venezuelan President NicolĂĄs Maduro for access the Venezuela’s Dragon Field. […]
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.
Pemex Industrial Transformation to Challenge Cofece Fine
(Pemex, 26.Aug.2018) â As of today, the Commission of Economic Competition (acronym in Spanish, Cofece) published the fine imposed on Pemex TRI for over 418 million pesos, for allegedly having […]
PDVSA, Citgo Evaluating Aruba Gas Plan
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) â Venezuela is evaluating a plan to implement a natural gas project with Aruba. Officials from Venezuelaâs state oil company PDVSA, and its refining […]
Arubaâs San NicolĂĄs Refinery to Take Faja Oil
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) â Valeroâs old Aruba refinery will be revitalized as an upgrader. PDVSA announced the San NicolĂĄs Refinery located in Aruba will be converted into […]
Trinidad Inks Gas Deal With Venezuela To Continue LNG Exports
(Bloomberg, Ryan Collins and Kelly Gilblom, 25.Aug.2018) â Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas […]
Golar Power Affiliate CELSE Closes $1.3 Bln Financing
(Golar LNG, 25.Aug.2018) â Golar Power Limited’s affiliate, CELSE, closed a $1.34 billion financing facility for the Sergipe project. On April 19, CELSE, the 50% Golar Power owned project company […]
Fuel Theft Rate Lowers in the State of Guanajuato
(Pemex, 25.Aug.2018) â During a meeting of the Guanajuato Coordination Group, Governor Miguel MĂĄrquez MĂĄrquez and the CEO of PetrĂłleos Mexicanos, Carlos Treviño Medina, assessed the measures implemented to date […]
PetroTal Conducting Test at Bretaña Oil Field in Peru
(PetroTal Corp., 25.Aug.2018) â The company placed the Bretaña oil field online at approximately 1,000 b/d during the initial testing and commissioning phase. To date, the well has accumulated approximately […]
Venezuela to Send DragĂłn Gas to Trinidad
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) â Venezuela will send its DragĂłn field natural gas to Trinidad for processing. Thatâs according to a deal signed today in Caracas between the […]
MEEI Updates on Status of Trinidad Energy Infrastructure
(MEEI, 24.Aug.2018) â The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31 […]
Golar Applies for FSRU Permits in Brazil
(TO&GY, 24.Aug.2018) â Offshore midstream company Golar LNG has started the process to acquire an environmental permit for its Terminal Gas Sul (TGS) project in the Brazilian state of Santa […]
PentaNova Energy Provides Financial, Ops Update
(PentaNova Energy Corp., 24.Aug.2018) â PentaNova Energy Corp. filed its financial and operating results for the three and six months ended June 30, 2018. All dollar values in this news […]
Big Oil Asks Gov’t to Protect it from Climate Change
(AP) â As the United States plans new defences against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build […]
Gas Producers Counting on Mexico Have Worries
(Houston Chronicle, Katherine Blunt, 24.Aug.2018) â For years, U.S. producers have counted on Mexico to buy enormous quantities of natural gas from the prolific shale fields in West Texas and […]
Trinidad and Venezuela to Sign Gas Agreement
(CMC, 24.Aug.2018) â Prime Minister Dr Keith Rowley will lead a delegation to Venezuela tomorrow to sign an agreement for the development of the across border gas from the Venezuelan […]
Ecopetrol to Focus Spending on Drilling: CEO
(Reuters, Devika Krishna Kumar, 24.Aug.2018) â Colombiaâs state-run oil company Ecopetrol SA will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its […]
Rosneft May Challenge Crystallex Claim To Citgo Shares
(Oilprice.com, Irina Slav, 23.Aug.2018) â Rosneft has asked a U.S. federal court to establish âa robust appraisal and sale processâ of Citgo shares following Canadian miner Crystallexâ win at court […]
PetroTal Reports 2Q:18 Financial Results
(PetroTal Corp., 23.Aug.2018) â PetroTal Corp. provided a summary of its financial and operating results as of June 30, 2018. Selected financial and operational information is outlined below and should […]
Oil Auction from Brazil Transfer-of-Rights Unlikely in 2018
(Reuters, 23.Aug.2018) â A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio […]
Electric Stations Rising in Mexico
(Energy Analytics Institute, Jared Yamin, 22.Aug.2018) â From 2015 to July 2018, the number of recharging stations for electric vehicles, or electric stations, has grown by almost a multiple of […]
AMLO Eyes Mexican Oil Output at 2.5 MMb/d
(Energy Analytics Institute, Jared Yamin, 22.Aug.2018) â Mexicoâs President-elect AndrĂ©s Manuel LĂłpez Obrador announced plans to boost Mexicoâs crude oil production to 2.5 million barrels per day (MMb/d) by 2021 […]
Petrobras to Start Replan Refinery Reopen in 48 Hours
(Reuters, 22.Aug.2018) â Brazil’s state-run oil company PetrĂłleo Brasileiro SA may begin procedures to reopen its largest refinery, closed after an explosion and fire, in 48 hours, Gustavo Marsaioli, a […]
BHPâs Bongos 2 Well Encounters Hydrocarbons
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2018) â The well encountered hydrocarbons in Block TTDAA 14. Trinidad and Tobagoâs former Energy Minister Kevin Ramnarine revealed the details in a tweet. âI […]
Exec Pleads in $1.2 Bln Venezuelan Money-Laundering scheme
(AP, 22.Aug.2018) â A former Swiss bank executive has pleaded guilty to his role in a $1.2 billion money-laundering scheme involving Venezuela’s state-run oil and natural gas company. Federal court […]
U.S. Co. Wins Contract for Mexico LNG Project
(Natural Gas Intelligence, Peter de Montmollin, 22.Aug.2018) â A U.S. company has secured a long-term contract to build a liquefied natural gas (LNG) import project on the southern tip of […]
Trinidad Energy Infrastructure Unaffected by Earthquake
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2018) â Energy infrastructure on the twin-island nation of Trinidad and Tobago appears to be OK after an earthquake yesterday in Venezuela. The August 21, […]
Esmeraldas Refinery Stoppage Delayed Until March 2019
(Energy Analytics Institute, Ian Silverman, 22.Aug.2018) â A scheduled 54-day stoppage at the Esmeraldas Refinery for the maintenance of the Non-Catalytic 1 and Catalytic 1 units will be postponed until […]
Ecuador to Save $1 Bln With New Economic Measures
(Energy Analytics Institute, Ian Silverman, 21.Aug.2018) â The government of Ecuador aims to save about $1 billion annually with the implementation of new economic measures. The new economic measures, which […]
Oil Workers Support Maduroâs Economic Plans
(Energy Analytics Institute, Ian Silverman, 21.Aug.2018) â Oil workers at state oil company PDVSA marched in Caracas and across the country to show their continued support of Venezuelaâs President NicolĂĄs […]
Dragon Gas Deal Finalised Tomorrow
(Trinidad and Tobago Newsday, Carla Bridglal, 21.Aug.2018) â After nearly two years of negotiations between this country and Venezuela the deal that will allow TT to process gas from the […]
Brazilâs Opposing Energy Views
(OilPrice.com, Haley Zaremba, 21.Aug.2018) â Brazilâs energy industry seems to be caught in a moment of deep ambivalence–on one side of the issue, they are breaking records in terms of […]
Venezuela Takes Action To Stabilize Currency
(ZeroHedge, 21.Aug.2018) â As previewed yesterday, on Monday Venezuela officially slashed five zeros from prices and its currency as part of what has been dubbed one of the greatest currency […]
Magnitude 7.3 Quake in Venezuela Felt in Guyana
(Stabroek News, 21.Aug.2018) â A powerful earthquake has hit the northern coast of Venezuela with a magnitude of 7.3, according to the U.S. Geological Survey. It had been originally reported […]
PDVSA to Resume Use of Caribbean Terminal Under NuStar Deal
(Reuters, 21.Aug.2018) â Venezuela’s PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in […]
Venezuela’s Oil-linked Cryptocurrency Leaves Heads Spinning
(Bloomberg, Andrew Rosati & Fabiola Zerpa, 21.Aug.2018) â Beaten-down Venezuela on Tuesday began confronting a 95 percent currency devaluation and a regimen of economic controls that, after years of hunger […]
Pemex Unit Fined $22 Mln by Competition Authority
(Reuters, 21.Aug.2018) â Mexicoâs competition authority said on Tuesday that it has fined a unit of state-owned oil company Pemex for presenting an annual compliance report on antimonopoly measures in […]
Pattern Energy Completes Sale of Chilean Ops
(Pattern Energy Group Inc., 21.Aug.2018) â Pattern Energy Group Inc. completed the sale of its operations in Chile, which principally consist of its 81 megawatt owned interest in the 115 […]
PDVSA and ConocoPhillips Reach New, Positive Settlement
(Citgo, 21.Aug.2018) â As officially reported by PetrĂłleos de Venezuela, S.A. (PDVSA) and ConocoPhillips, the two companies recently reached a settlement agreement resulting from the nationalization of the Hamaca and […]
Petrobras Sees No Fuel Supply Shortage After Replan Fire
(Reuters, 20.Aug.2018) â A director at Brazilian state-run oil company Petroleo Brasileiro SA said on Monday a fire at the company’s largest refinery Replan, in the state of SĂŁo Paulo, […]
New Fortress to Build $184 Mln LNG Terminal in BCS
(MexicoNow, 20.Aug.2018) â U.S. energy infrastructure developer New Fortress Energy (NFE) announced that it was awarded a long-term contract for the development, construction and operation of a terminal dedicated to […]
Major Petroleum Cos. Pay T&T $114.7 Bln during 2010-2016
(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2018) â Payments by major oil and gas companies to the government of the twin-island nation of Trinidad and Tobago totaled $114.7 billion during 2010-2016. […]
Venezuela Agrees to Pay $2 Bln Over Seizure of Oil Projects
(The New York Times, Clifford Krauss, 20.Aug.2018) â More than a decade ago, Venezuela seized several oil projects from the American oil company ConocoPhillips without compensation. Now, under pressure after […]
Oceaneering Subsidiary Secures Contract with Petrobras
(Oceaneering International, Inc., 20.Aug.2018) â Marine Production Systems do Brasil Ltda., one of Oceaneering International, Inc.âs wholly owned subsidiaries, has secured a four-year contract with a one-year optional extension period […]
GeoPark Announces New Jauke Gas Field Discovery in Chile
(GeoPark, 20.Aug.2018) â GeoPark Limited announced the successful drilling and testing of the Jauke 1 exploration well in the Fell block (GeoPark operated, 100% WI) in Chile. âThis discovery illustrates […]
Pemex Advances Digital Changes to Boost Competition
(Pemex, 20.Aug.2018) â Pemex commenced its Digital Week, so personnel could be trained with the new technological tools developed by the Corporate Department of Informational Technology (DCTI) to improve work […]
Frontera Confirms Discovery at Acorazado-1 Well in Colombia
(Energy Analytics Institute, Jared Yamin, 19.Aug.2018) â Canadaâs Frontera Energy Corporation confirmed the presence of hydrocarbons in the Mirador reservoir in the Acorazado-1 exploration well in Colombia. The well is […]
Rafael RamĂrez Says Maduro Destroyed PDVSA
(Energy Analytics Institute, Jared Yamin, 19.Aug.2018) â Former PDVSA President Rafael RamĂrez says Venezuela produced 3 million barrels per day until December 2013. That figure has dropped by 1.8 million, […]
Frontera to Plug, Abandon Delfin Sur-1 Exploration Well
(Energy Analytics Institute, Jared Yamin, 18.Aug.2018) â Frontera Energy Corporation declared the Delfin Sur-1 exploration well offshore Peru non-commmercial. On August 12, 2018, the company completed drilling the well, located […]
Four Cos. to Invest $727 Mln in Ecuador
(Energy Analytics Institute, Jared Yamin, 18.Aug.2018) â Ecuador announced four companies would invest $727.85 million to boost production in a number of fields. The companies â Triboilgas CĂa. Ltda, Vinccler […]
Cure for Venezuelaâs Mercantilism, Rentism Disease
(EnergyNomics, Carlos A Rossi, 18.Aug.2018) â Are natural resource endowed countries victims of their own wealth? Is there a richness threshold beyond which the institutions designed to protect a countryâs […]