https://www.stabroeknews.com/2018/opinion/letters/07/31/granger-govt-overwhelmed-by-enormity-of-tasks-in-oil-and-gas-sector/ (Stabroek News, 31.Jul.2018) â Dear Editor, The discovery of oil by ExxonMobil in 2015 has put Guyana on a trajectory to receiving significant revenues. A recent Bloomberg article pointed […]
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.
Pampa EnergĂa Reports on Deferral of Edenor Dealings
(Pampa EnergĂa S.A., 31.Jul.2018) â Pampa EnergĂa S.A. announced its electricity distribution subsidiary Empresa Distribuidora y Comercializadora Norte (âEdenorâ) agreed with the Ministry of Energy to differ 50% of the […]
Venezuela the Clear Leader in Oil Reserves
(UPI, Daniel J. Graeber, 31.Jul.2018) â An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” though its Venezuela with the […]
Once Oil Wealthy, Maracaibo Struggles to Keep Lights On
(Reuters, Mayela Armas, 31.Jul.2018) â Across Maracaibo, the capital of Venezuelaâs largest state, residents unplug refrigerators to guard against power surges. Many only buy food they will consume the same […]
Shell Brazil Invests in FPSO Tanks Solution
(World Oil, 31.Jul.2018) â Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed […]
Peregrino Module Sails to Brazilian Platform
(Energy Voice, David McPhee, 31.Jul.2018) â Watch as Equinorâs Peregrino modules set sail en route to the platform in Brazil to begin Phase 2 of the project. Watch: Equinor Peregrino […]
Ecopetrol Announces Changes to Management Structure
(Ecopetrol, 31.Jul.2018) â Ecopetrol S.A. reports that at its session on July 27, 2018, Ecopetrol’s Board of Directors approved adjustments to the company’s management structure in addition to those announced […]
Power Outage Hits Most of Venezuela’s Capital
(AP, 31.Jul.2018) â Most of Venezuela’s capital is without power following a failure at an electrical plant. Energy Minister Luis Motta Dominguez said on Twitter that Tuesday’s outage has left […]
Guyanaâs âAstonishingâ Future
(Trinidad Express, David Renwick, 31.Jul.2018) â The USâs leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the latest being Longtail 1 â […]
Guyana: Will its Oil Boom Benefit the People?
(Al Jazeera English, 30.Jul.2018) â Oil companies have identified massive offshore reserves in Guyana, one of South America’s poorest nations. New estimates last week report that more than 4 billion […]
US Charges Point to Rampant Corruption at PDVSA
https://www.insightcrime.org/news/analysis/us-charges-point-to-rampant-corruption-at-venezuela-state-oil-company/ (InSight Crime, 30.Jul.2018) â US authorities are charging a network of Venezuelan elites and international financial actors with laundering over a billion dollars stolen from the state-owned oil company, […]
Mexico’s Next President Promises Pemex Investment
(Bloomberg, Amy Stillman, 30.Jul.2018) â Mexicoâs incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 billion) in the oil sector, […]
Review Guyana Oil Spill Plans Before Signing Contracts
(Kaieteur News, 30.Jul.2018) â Before any contract is signed with an oil operator, the government should require that it presents and obtains approval for contingency plans in the case of […]
Petrofac Introduces Partner In Mexico
(Petrofac Limited, 30.Jul.2018) â Petrofac Limited signed an agreement to sell 49% of the Companyâs operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited […]
Hold It Right There, Petrotrin!
(The Sterling Report, Yanique Leiba-Ebanks, 29.Jul.2018) â Petroleum Company of Trinidad and Tobago Ltd (affectionately known as Petrotrin) is the state-owned oil company in Trinidad and Tobago. Its crude oilfields […]
Trafigura Seeks to End Ricardo Eliçabe Conflict
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) â Negotiations continue to advance to overcome a labor related conflict at the Ricardo Eliçabe refinery in BahĂa Blanca. The refinery, acquired last May […]
Sproule To Publish Bolivian Reserve Report
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) â Sproule International Limited, the foreign consortium that will quantify and certify Boliviaâs hydrocarbon reserves, plans to publish its reserve report in late August […]
Chuquisaca Signs Multi Billion Oil Deal
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) â The agreement, signed between the Bolivian government and authorities from the department of Chuquisaca provides for initiation of work in more than 8 […]
Colombia Must Boost Investments 55% to Maintain Output
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The South American country needs to boost investments from an projected $4.5 billion in 2018 to a level of $7 billion over the […]
10MW LNG Power Plant for The Nest
(Jamaica Gleaner, Steven Jackson, 27.Jul.2018) â A tripartite deal is in the works for the development of a power plant at CB Group’s expansive property and future home called The […]
Petrobras Targets China with New Crude Oil
(Reuters, Florence Tan and Alexandra Alper, 27.Jul.2018) â Brazilâs state-controlled energy company Petrobras plans to push more crude oil to top importer China by marketing a new medium-sweet grade that […]
Pemex Reports 2Q:18 Sales Rose 36%
(Pemex, 27.Jul.2018) â The company recorded operating yields of 120 billion pesos During the first quarter of 2018, it achieved an EBITDA of 288 billion pesos and an EBITDA margin […]
Venezuela Inflation to Hit 1 Mln Percent. Thanks, Socialism.
(Washington Post, Megan McArdle, 27.Jul.2018) â According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will reach 1Â million percent. A number […]
Venezuela Gasoline Price Likely to Rise
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The price of gasoline in Venezuela is likely to increase. For some services such as gasoline, there will be a relative increase in […]
Hiking Gasoline Wonât Fix Venezuelaâs Fiscal Problem
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â Hiking the price of gasoline in Venezuela wonât fix the OPEC countryâs fiscal problem. Thatâs according to recent statements from an opposition leader. […]
Falling Oil Output Squeezes Maduro Government
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The continued decline in Venezuelaâs oil production acts to squeeze the government of President Nicolas Maduro, says an Ecoanalitica executive. âThe fall in […]
Bolivian Groups Strike Over Electric Rates
(Energy Analytics Institute, Jared Yamin, 26.Jul.2018) â Different social organizations in the city of Trinidad, capital of Beni, staged a 24-hour civic strike to reject electricity rates, reported the daily […]
SPS Expects Urdaneta Field Output Increase
(Energy Analytics Institute, Piero Stewart, 26.Jul.2018) â Southern Procurement Services (SPS) expects production from the Urdaneta Field in Zulia state to increase to 19,000 barrels per day (b/d) from 12,000 […]
Advantage Lithium Closes Financing
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) â Advantage Lithium Corp. closes private placement. In the process, the company issued 15,585,956 common shares for aggregate gross proceeds to Advantage Lithium of […]
Petrotrin Board, Union Disagree to Agree
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) â The board of Petrotrin has outlined a plan to reorganise and restructure the state oil company in a bid to make it […]
Atlantic Empowers Employees for Process Safety
(Trinidad and Tobago Newsday, Carla Bridglal, 26.Jul.2018) â Atlantic CEO Dr Philip Mshelbila and BPâs vice president Group Process Safety Central Rob DiValerio have highlighted the central role of employees […]
Pemex to Carry Out Maintenance On El Señor del Mar
(Pemex, 26.Jul.2018) â The works will not affect the production goals established by Pemex for the current year Starting this Saturday, July 28th and until the 4th of August, PetrĂłleos […]
Pemex Aims to Reduce CO2 Emissions by 25% by 2021
(Pemex, 26.Jul.2018) â Environmental protection and sustainability, the governing principles of the State-Owned Productive Companyâs work The CEO of PetrĂłleos Mexicanos, Carlos Treviño, inaugurated the 7th Environmental Conferences this morning […]
EIA Beta Interactive Data Analysis
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) â Beta data from the EIA provide users with an interactive way to analyze multiple petroleum data. According to the most recent beta crude […]
Bolivia To Start Work on Transmission Line to Argentina
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) â In two or three weeks, Bolivia expects to start work on an electrical transmission line that will allow it to export energy to […]
YLB Expects Lithium Certification in December
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) â Bolivia announced the international certification for the countryâs lithium reserves in Salar de Uyuni will be delivered in December of 2018. The certification […]
BPTT Eyes Nine Potential New Developments Over 10 Years
(BPTT, 25.Jul.2018) â BP Trinidad and Tobagoâs long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next […]
Machado Says PDVSA Converted into âJunkâ
(Energy Analytics Institute, Piero Stewart, 25.Jul.2018) â PDVSA has been converted into âjunk or scrapsâ by the administration of the current Venezuelan president. Thatâs according to statements from Venezuelan opposition […]
Petroleum Geology of Mexico and the Northern Caribbean
(The Geological Society, 25.Jul.2018) â The Gulf of Mexico is a world class prolific hydrocarbon system. As a result of recent energy reform the Mexican sector of this basin has […]
ExxonMobil Raises Stabroek Block to More Than 4 Bln Bbls
(ExxonMobil, 23.Jul.2018 ) â ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced […]
Pemex Continues Defense Against Claims by Oro Negro
(Pemex, 24.Jul.2018) â The spread published last night by the company Oro Negro seeks to compensate for a series of strategic mistakes made by that company In connection with the […]
Colombia Could Create New Oil Bid System
(Reuters, Luis Jaime Acosta, 24.Jul.2018) â Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of […]
Former Cerro Negro Workers Still Seek Payment
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â It has been 11 years and the 7,000 direct and indirect Venezuelan workers of US oil company Exxon Mobil still havenât received their […]
Oil, Electric Sectors to Join Venezuelan Strike
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â Representatives from trade unions from the oil, electricity, food, education and health sectors announced plans to join a national strike called by opposition […]
Union Official Demands Release of PDVSA Workers
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â The four workers are being held in detention due to accusations they caused a petroleum spill in the Guarapiche River in Monagas state. […]
Trinidadâs 21st Century Gas Production
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) â It’s said a picture paints a thousand words. This one paints 8.9 billion. From 1908 to 2017, Trinidad and Tobago (T&T) has produced […]
Venezuela’s Inflation to Reach 1 Million Percent
(Bloomberg, Andrew Rosati, 23.Jul.2018) â Venezuelaâs inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing […]
Guyanaâs Oil Reserves Are Larger Than Expected
(OilPrice.com, Julianne Geiger, 23.Jul.2018) â Guyanaâs recoverable offshore oil reserves are larger than expectedâby almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross […]
Offshore Guyana Oil and Gas Potential is “Massive”
(UPI, Daniel J. Graeber, 23.Jul.2018) â The size of a reservoir off the coast of Guyana is “massive,” the CEO of Hess Corp. said Monday after a multi-million barrel revision […]
Glencore Lands PetroEcuador ‘Spot’ Deal
(Energy Analytics Institute, Ian Silverman, 14.Jul.2018) â Glencore Ltd won a recent EP PetroEcuador spot auction, which guarantees the Ecuadorian entity income of $279.3 million. The Swiss company offered the […]