(Energy Analytics Institute, Jared Yamin, 9.Aug2018) â The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018. Companies with exposure to Latin […]
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.
Ecopetrol Announces 2Q:18 Earnings, Conference Call
(Ecopetrol, 9.Aug.2018) â Ecopetrol S.A. announced that on August 14, 2018 after market close, it will release its financial and operating results for the second quarter of 2018. On Wednesday, […]
Petroamazonas EP Says Block 43 ITT Producing 75,000 b/d
(Energy Analytics Institute, Ian Silverman, 9.Aug.2018) â Block 43 ITT, located in the province of Orellana, is currently producing 75,000 barrels per day. Production at the block is expected to […]
Crystallex Can Go After Venezuela’s US Refineries
(Associated Press, 9.Aug.2018) â A Canadian gold mining company on Thursday won the right to go after Venezuela’s prized U.S.-based oil refineries and collect $1.4 billion it lost in a […]
ShaleWolf Capital Sees Oil Prices Above $110 by 2019
(ShaleWolf Capital, 9.Aug.2018) â On June 22nd, 2018 President Donald Trump asked OPEC to increase its daily oil output by 1 million barrels. Industry experts would agree that OPEC is […]
Petrobras Receives Over R$ 1 Bln from Operation Car Wash
(Petrobras, 9.Aug.2018) â Petrobras informs that it has received a return of R$ 1.034 billion through cooperation and leniency agreements signed with individuals and legal entities by the Federal Public […]
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) â Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according to an internal PdV upstream […]
EAI brief: Pemexâs Salina Cruz refinery halts operations
HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institute, 9.Aug.2018, Words: 112) â Pemexâ Salina Cruz refinery halted operations Wednesday night due to a power outage. The refinery, located in Oaxaca, […]
Ecopetrol Names New Corporate VP Of Finance
(Ecopetrol, 8.Aug.2018) â Ecopetrol S.A. announces that as of 7 August 2018, Jaime Caballero Uribe has been appointed the new Corporate Vice President of Finance (Chief Financial Officer). Mr. Caballero […]
Guyana Oil Find Quadruples FDI Flows
(Jamaica Gleaner, CMC, 8.Aug.2018) â Regional commission ECLAC is reporting that foreign direct investments, FDI, in Guyana increased to US$212 million last year in part as a result of the […]
Sempra Energy Forms North American Infrastructure Group
(Sempra Energy, 8.Aug.2018) â Sempra Energy formed a new operating group for its North American infrastructure businesses and named Carlos Ruiz SacristĂĄn chairman and CEO of the group, Sempra North […]
Venezuela, Saudi Arabia Discuss Partnerships
(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) â Officials from both OPEC countries discussed existing energy partnerships during their meeting in Caracas. Venezuela was represented by its Petroleum Minister Manuel Quevedo, […]
Ecopetrol Names New Corporate VP of Finance
(Ecopetrol, 8.Aug.2018) â Ecopetrol S.A. announced appointment of Jaime Caballero Uribe as the new Corporate Vice President of Finance (Chief Financial Officer). The appointment is effective as of August 7, […]
Helmerich & Payne Wins Right to Sue Venezuela
(Energy Analytics Institute, Piero Stewart, 8.Aug2018) â U.S. drilling company Helmerich & Payne won a judgment from the U.S. Court of Appeal to sue Venezuela for the expropriation of the […]
Republic Bank Opens Solar-Powered Branch in Barbados
(Trinidad and Tobago Newsday, Sasha Harrinanan, 8.Aug.2018) â Barbados has its first ever solar-powered banking facility â the newest branch of Republic Bank (Barbados) at One Barbados Place in Warrens, […]
Unsealing Crystallex/PDVSA Documents
(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) â Chief Judge Stark of the US Federal District Court in Delaware immediately agreed with our arguments calling out the abuse of sealing by […]
Caribbean Plugs into Electric-Car Revolution
(Trinidad Express, Sophie Hares, 7.Aug.2018) â With her foot down to show off the acceleration of the zippy electric car, Joanna Edghill spins around the car park before plugging the […]
Shell calls in a BIG RIG
(Trinidad Express, Aleem Khan, 7.Aug.2018) â More hints that major discovery on the horizon. Offshore Trinidad was one of two sites in the world where oil and gas service provider […]
Venezuela Dodges Oil Asset Seizures
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) â Reuters) – Venezuelaâs state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers […]
Venezuelaâs Oil Production Turning a Corner?
(FoxBusinss, Leia Klingel, 7.Aug.2018) â Oil production by Venezuelaâs PDVSA may have started to improve, with the state-owned oil and gas producer reporting that production in the country is averaging […]
Venezuela Is Oil Marketâs Bizarro World
(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) â Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 million in the second quarter […]
US Abandons Sanctions to Avoid Owning Venezuela Collapse
(S&P Global Platts, Brian Shield, 7.Aug.2018) â Just more than a year ago, it was not a question of âifâ, but âwhen.â As Venezuelaâs leftist leader Nicolas Maduro consolidated power […]
Venezuela Waiving All Taxes on Profits from PDVSA
(Energy Analytics Institute, Piero Stewart, 7.Aug2018) â Aside from wasting paper, more importantly, the recent Gaceta Oficial in Venezuela also has a decree from President Nicolas Maduro waiving all taxes […]
Talos Energy Conference Call, Webcast
(Talos Energy Inc. 6.Aug.2018) â Talos Energy Inc. will host a conference call, which will also be broadcast live over the internet, on Tuesday, August 7, 2018 at 10:00 am […]
Talos Energy Announces 2Q:18 Financial, Operational Results
(Talos Energy Inc., 6.Aug.2018) â Talos Energy Inc. announced its financial and operational results for the second quarter ended June 30, 2018, and reaffirmed the previously released pro forma full […]
How Venezuela Gets Plundered
(DW.com, Andreas Knobloch, 6.Aug.2018) â A money-laundering scandal involving Venezuela’s state oil company PDVSA could turn into a problem for a Swiss bank. A German banker recently affiliated with the […]
The Weirdest Oil Lawsuit Of 2018
(OilPrice.com, Viktor Katona, 6.Aug.2018) â Rosneft has been rocking the Russian oil sector for quite some time already â first it acquired several domestic assets, in some cases bordering on […]
Background: Premier Oilâs Entry Into Mexico
(Premier Oil, 6.Aug.2018) â London-based Premier Oil is focused on development of assets in parts of the world from South East Asia, the North Falklands Basin, as well as Mexico […]
Petrobras Approves Pmt of Interest on Capital
(Petrobras, 6.Aug.2018) â Petrobras reports that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest on Capital (IOC), as defined […]
Ecopetrol Reports Resignation of MarĂa Fernanda SuĂĄrez
(Energy Analytics Institute, Piero Stewart, 6.Aug.2018) â MarĂa Fernanda SuĂĄrez has resigned from Ecopetrol. The state oil company announced in an official statement that the resignation was due to her […]
How Far Can Venezuela Go In Raising Gas Price?
(AFP, Esteban Rojas, 5.Aug.2018) â In Venezuela’s inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline — an absurdity that the government says it will tackle […]
Bolivia Aims to Start Production of Bioethanol
(Efe, 5.Aug.2018) â Bolivia is on the verge of producing bioethanol at a mass scale in an effort to phase out the countryâs reliance on imported gasoline and diesel additives, […]
BPTT Helps Mayaro Students
(Trinidad and Tobago Newsday, Jada Loutoo, 5.Aug.2018) â Some 25 students from across the south-eastern community of Mayaro are set to benefit from a revolutionary new developmental programme sponsored by […]
Petrobras Posts 1H:18 Profit, Reduces Debt
(Petrobras, 3.Aug.2018) â Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international oil prices, […]
Puerto Rico to Restructure $3 Bln Power Debt
(AP, 3.Aug.2018) â Puerto Rico’s government reached a deal Monday night with a bondholder group to restructure more than a third of the debt owed by its troubled power company […]
Frontera Announces Second Quarter 2018 Results
(Frontera Energy Corporation, 3.Aug.2018) â Frontera Energy Corporation released its Interim Condensed Consolidated Financial Statements for the second quarter of 2018, together with its Management, Discussion and Analysis (MD&A). These […]
Venezuelan Capital Hit by 80% Power Cut
(AFP, 3.Aug.2018) â A power failure cut electricity to 80 per cent of the Venezuelan capital Caracas Tuesday, provoking transport and communications chaos, authorities said. Electricity Minister Luis Motta said […]
Frontera Announces 2Q:18 Conference Call
(Frontera Energy Corporation, 3.Aug.2018) â Frontera Energy Corporation scheduled a conference call for investors and analysts for 3 August 2018 at 8:00 a.m. (MDT), 9:00 a.m. (GMT-5) and 10:00 a.m. […]
Noble Tom Madden to Return to Active Status
(Energy Analytics Institute, Jared Yamin, 2.Aug2018) â Noble Tom Madden will return to active status following contract award. Following the close of the second quarter of 2018, the drillship Noble […]
BPTT Announces Angelin Arrival in Trinidad
(BPTT, 2.Aug.2018) â BP Trinidad and Tobago announced its Angelin platform has arrived in T&T. Angelin, which will be BPTTâs 15th offshore platform, was fabricated in Altamira, Mexico. The topside […]
Granger Says Guyana Energy Head Fit and Proper
(Department of Public Information, Guyana, Alexis Rodney, 2.Aug.2018) â President David Granger said today that he is confident of the work that will be executed by the recently appointed head […]
Shell Offers 1H:18 LatAm Updates
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) â Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water bid round in Mexico in […]
Shell Provides 3Q:18 Outlook Update
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) â Royal Dutch Shell plc offered the following outlook for the third quarter of 2018. Compared with the third quarter 2017, Integrated Gas production […]
Pemex Has or Doesnât Have Money?
(Energy Analytics Institute, Aaron Simonsky, 1.Aug.2018) â If Mexicoâs Pemex doesnât have the necessary funds to invest in deep water or shale activities, how is it the state oil company […]
Pemex Inaugurates 1st Petrol Station with New Image
(Pemex, 1.Aug.2018) â The CEO of Pemex TransformaciĂłn Industrial stated that the new concept will help the franchise maintain its leadership in the national marketâ The first âFlagshipâ service station […]
Citgo Raises $$750,000 for Muscular Dystrophy Association
(Citgo Petroleum Corporation, 31.Jul.2018) â The Muscular Dystrophy Association (MDA) depends on partnerships to fulfill their mission, and as their largest corporate sponsor, Citgo Petroleum Corporation hosts the annual MDA […]
Mexico Oil Output to Trend Upwards in 2027
(Energy Analytics Institute, Aaron Simonsky, 31.Jul.2018) â Mexicoâs oil production will cease to decline in 2025. Thatâs according to details of a report published by S&P Global Platts Energy Analyst […]
PetroTrin Refinery Importing Shortfall
(Energy Analytics Institute, Ian Silverman, 31.Jul.2018) â Thatâs according to reports in a local newspaper. âThe refinery at PetroTrin has a capacity of 140,000 barrels of oil per day (bopd); […]
Wheatley Falls: Latest Casualty of Energy Scandal
(Jamaica Gleaner, Edmond Campbell, 31.Jul.2018) â The ongoing scandal that began at the state-owned oil refinery Petrojam has claimed its latest casualty with the resignation yesterday of Andrew Wheatley as […]