ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Venezuela Upgraders Halting Ops Amid Export Crisis

(Reuters, Deisy Buitrago, Marianna Parraga, 12.Jun.2018) – Venezuela’s state-run PDVSA [PDVSA.UL] and partners have halted operations at two upgraders that convert extra-heavy oil into exportable crude and plan to stop […]

Venezuela Won’t Have Enough Oil To Export By 2019

(OilPrice.com, Robert Rapier, 12.Jun.2018) – On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading data and analytics company, argues […]

ExxonMobil Advances Offshore Guyana Liza Development

(ExxonMobil, 12.Jun.2018) – The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began in May for the first […]

Mexico Addresses Social Impact of Energy Reform

(Velda Addision, Senior Editor, Digital News Group Hart Energy, 12.Jun.2018) — Working at energy sites in some parts of Mexico could mean coming face-to-face with locals wanting to see the […]

Frontera Announces Details Of Share Split

(Energy Analytics Institute, Ian Silverman, 12.Jun.2018) – The offer will consist of a two-for-one share split of the company’s issued and outstanding common shares. The record date of the Share […]

PDVSA Completes First Ship-to-Ship Transfer

(Kallanish Energy, 11.Jun.2018) — Venezuela’s PDVSA has reportedly completed its first ship-to-ship (STS) transfer last week, in a move to tackle the severe bottleneck of tankers around its main crude […]

Pemex Lets Contract for Tula Refinery

(Oil and Gas Journal, Robert Brelsford, 11.Jun.2018) – Mexico’s Petroleos Mexicanos (Pemex), through its processing subsidiary Pemex Transformacion Industrial (formerly Pemex Refinacion), has let a contract to a partnership of […]

Chile to Receive 1st Iranian Oil Cargo in 16 Years

(Kallanish Energy, 11.Jun.2018) — As refineries and traders await clarity on whether they will be able to make reductions in their crude purchases from Iran or be forced to stop […]

Observing Controls In Mexico’s Energy Sector

(Control Risk, Armando Ortega, 11.Jun.2018) — For decades, the most relevant compliance legislation for international companies operating in Mexico was the US Foreign Corrupt Practices Act. Now, as a result […]

What is in store for Mexican oil under a new leader?

(Financial Times, Nick Butler, 10.Jun.2018) Among this year’s many elections — from Iraq to Malaysia to Russia — none is more important for the international energy business than the presidential […]

Petrojam Responds to Corruption Claims

(The Jamaica Observer, 9.Jun.2018) – Government sources told the Jamaica Observer they are awaiting a response from Venezuela on its offer to repurchase their 49 per cent share in the […]

Chevron Brazil Chief to Lead Venezuela Ops After Arrests

(Reuters, 9.Jun.2018) — US oil producer Chevron Corp permanently assigned its Brazil country chief to run its Venezuelan operations, three sources said this week, after the months-long detention of two […]

Howard Injects Natgas into Texas-Mexico Pipeline

(Reuters, 9.Jun.2018) — Howard Energy Partners told U.S. energy regulators that it began injecting natural gas into the Impulsora natural gas pipeline project from Texas to Mexico on May 30, […]

Critchlow Labour College Working with T&T Cos

(Stabroek News, 8.Jun.2018) – Having long established itself as a significant contributor to tertiary education in Guyana, the Critchlow Labour College is seeking to embrace the demand for training in […]

Colombia’s ANH Denies Fracking Plans in Boyacá

(Energy Analytics Institute, Jared Yamin, 8.Jun.2018) – Colombia’s National Hydrocarbon Agency (ANH by its Spanish acronym) says it has no plans to carry out fracking activities in Boyacá department. The […]

Brazil Raises $830 Mln in Pre-Salt Auction

(Efe, 7.Jun.2018) – Brazil raised 3.15 billion reais (around $830 million) in fixed signing bonuses on Thursday in its fourth auction of oil blocks in a deepwater region of the […]

Regional Deepwater Industry in Southern Caribbean

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) – Kevin Ramnarine discusses the regional deep-water industry in the southern Caribbean during a technical speech in Trinidad on the emerging regional deep-water province of […]

Trinidad and Tobago Clean Energy Conference 2018

(Energy Chamber of Trinidad and Tobago, 7.Jun.2018) — The Energy Chamber of Trinidad and Tobago invites you to our Clean Energy Conference 2018, now in its 2nd year and themed […]

Cuba’s Fuel Supply and Exports Pressure Currency

(Energy Analytics Institute, Piero Stewart, 7.Jun.2018) – Cuba’s foreign currency will be under pressure this year. “Difficulties with fuel supply and a drop in exports have continued to put pressure […]

Deepwater Projects Breakeven at $42/bbl, Ramnarine Says

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2018) –That’s according to comments by former Trinidad and Tobago Energy Minister Kevin Ramnarine. “On average, deep-water projects need an oil price of US$42 per […]

ExxonMobil Wins More Acreage in Brazil Bid Round

(ExxonMobil, 7.Jun.2018) – ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. […]

Brazil Will Strengthen Energy Supply during Soccer World Cup

(Efe, 6.Jun.2018) – Brazil’s Electricity Sector Monitoring Committee (CMSE) announced special operational measures to ensure that the country will not have problems with its energy supply during the 2018 World […]

Maduro Says U.S. Infiltrated Venezuela’s Oil Industry

(Tsvetana Paraskova, OilPrice.com, 6.Jun.2018) — Venezuela’s President Nicolas Maduro has accused the United States of infiltrating senior positions at the Venezuelan oil industry. “There was a process of penetration and […]

Venezuela’s Oil Meltdown Defies Belief

(Nick Cunningham, OilPrice.com, 6.Jun.2018) — Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing […]

Q&A: Greening Colombia’s Energy Mix

(Inter Press Service, Constanza Vieira, 6.Jun.2018) – Colombia is a global power in biodiversity and water resources, but at the same time it depends on exports of fossil fuels, coal […]

Venezuelan Decree Aims to Boost PDVSA Oil Capacity

(Energy Analytics Institute, Piero Stewart, 5.Jun.2018) – Decree No. 3368, dated April 12, 2018, and published in Gazette No. 41376, establishes a special transitional regime aimed at boosting Venezuela’s oil […]

Pemex, Hidalgo Govt to Partner to Boost Development

(Pemex, 5.Jun.2018) – The CEO of Petróleos Mexicanos, Carlos Treviño Medina, and the Governor of the State of Hidalgo, Omar Fayad Meneses, signed a memorandum of understanding, to promote and […]

Petrobras BODs Appoints New CEO

(Energy Analytics Institute, Ian Silverman, 5.Jun.2018) – Ivan de Souza Monteiro is the new president of Petrobras. Brazil’s state oil company Petrobras announced controlling shareholder informed the company of the […]

Venezuela

Venezuela Says 23,319 Wells Have 1.4 MMb/d Recovery Potential

(Energy Analytics Institute, Piero Stewart, 5.Jun.2018) – Venezuela’s Oil Minister Manuel Quevedo says the state oil company has identified 23,319 wells which have potential to recover Venezuela’s oil production by […]

Pampa Reaches 35-Year Extension in El Mangrullo Block

(Pampa Energía S.A., 5.Jun.2018) – Pampa Energía S.A. was granted a 35-year period extension to the operation of the El Mangrullo block for the development of unconventional gas (shale and […]

PDVSA mulling force majeure on oil exports -Argus

(Reuters, 5.Jun.2018) — Venezuela’s state-owned PDVSA is considering a declaration of force majeure on some of its oil supply contracts in June unless its clients agree to accept volume reductions […]

North America’s Energy Future on Trial in Mexico

(Brookings, Carlos Pascual, David G. Victor, and Rafael Fernandez de Castro, 5.Jun.2018) – On July 1, Mexicans head to the polls to select their next president. While it has become […]

Why Melbana Choose Cuba?

(Energy Analytics Institute, Piero Stewart, Jared Yamin) – Melbana Energy Limited Chief Geologist Errol Johnstone explains why the company choose Cuba. ***

Qatar Petroleum Buys Stake In Exxon’s Argentina Shale Assets

Force Majeure Affects NorPeruano Pipeline

(Energy Analytics Institute, Ian Silverman, 3.Jun.2018) – Canada’s Frontera Energy Corporation announced it was notified by Petroperu S.A. of a force majeure event affecting a portion of the NorPeruano pipeline […]

Petrobras Boss Resigns Amid Truckers’ Strike

(Al Jazeera, Daniel Schweimler, 2.Jun.2018) – Pedro Parente’s resignation was one of the demands of striking workers due to worries that he was going to privatise Brazil’s share of the […]

Petrobras CEO Parente Resigns Post

(Energy Analytics Institute, Ian Silverman, 1.Jun.2018) – Pedro Parente resigned as CEO of Petrobras. In an official statement, Brazil’s state oil company Petrobras confirmed Mr. Parente had resigned his position […]

China Looks to Invest $10 Billion in Peru Over 3 Years

(Energy Analytics Institute, Piero Stewart, 1.Jun.2018) — China plans investments of $10 billion across various sectors in Peru over the next three years. The Asian giant is planning to focus […]

Fact Sheet: Peru LNG

(Shell, 1.Jun.2018) — Peru LNG is the first natural gas liquefaction plant in South America and began operations in 2010 with a 4.45 mtpa capacity. It receives dry gas through […]

Pemex Says JV Wins Bid to Rehabilitate H-Oil Plant at Tula Refinery

(Energy Analytics Institute, Ian Silverman, 31.May.2018) – The partnership Saipem S.P.A / Saimexicana S.A. de C.V won the bid to rehabilitate the H-Oil Plant at the Miguel Hidalgo refinery. Mexico’s […]

Ramnarine Talks About Southern Caribbean Deepwater Industry

(Energy Analytics Institute, Ian Silverman, 31.May.2018) – Former Trinidad and Tobago Energy Minister Kevin Ramnarine will speak in Port of Spain about the regional deepwater industry in the Southern Caribbean. […]

Brazil Oil Workers Strike, Defying Court Order

(Efe, 30.May.2018) – Brazilian oil workers defied a court order on Wednesday by launching a three-day strike affecting oil refineries. The FUP, a federation that assembles most of Brazil’s oil […]

Chevron, Hess, Kosmos Finalizing 1st Prospect Test in Suriname

(Energy Analytics Institute, Aaron Simonsky, 30.May.2018) ‐- Kosmos Energy, Chevron Corporation and Hess Corporation are close to finalizing prospects tests in Block 42 in Suriname. The three companies are finalizing […]

Venezuela’s Grim Realities

(Anthony Venezia, Energy Intelligence, 30.May.2018) — The political and economic crisis afflicting Venezuela typically makes international headlines in connection with the possibility of sanctions being imposed on Caracas by the […]

Total, Siemens Hope to Sign Cuban LNG Deal Soon

(Reuters, Marc Frank, 30.Apr.2018) — French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired […]

Guyana’s Energy Agency Responds in Q&A about Fuel Smuggling

(Energy Analytics Institute, Piero Stewart, 30.May.2018) – Fuel smuggling from countries neighbouring Guyana is a major issue. The small South American country has developed the Fuel Marking Programme to address […]

Brookfield Buys Remaining Interest in Gas Natural Fenosa

(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- Spain’s Gas Natural Fenosa is finally exiting Colombia. The company sold 15.46 million shares, representing the remaining 41.89% interest in gas distributor Gas […]

Ecuador Producing 522 Mb/d of Crude Oil in late May 2018

(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- South America’s Ecuador is producing 522,372 barrels per day. Total crude oil production from the small OPEC member nation was 522,372 barrels per […]

India Says No Plans for Tade with Venezuela’s ‘petro’

(Reuters, 28.May.2018) — India said on Monday it had no plans to use Venezuela’s local cryptocurrency ‘petro’ in oil trade with the Latin American nation, which is facing sanctions from […]

Venezuela’s Energy Sectors Remain Attractive, Unattractive

(Energy Analytics Institute, 28.May.2018) — Venezuela’s upstream, downstream and midstream sectors remain attractive, yet unattractive to investors. Why the contradiction? The three sectors remain highly attractive due to the fact […]