Author: ENERGY ANALYTICS INSTITUTE (EAI)
PDVSAâs Del Pino Backs Constituent
(Energy Analytics Institute, Ian Silverman, 23.May.2017) â PDVSA President Eulogio Del Pino announced that he fully backs Venezuelan President NicolĂĄs Maduro in the Constituent Assembly process to defeat what he […]
Venezuelan Oil Workers March With Maduro
(Energy Analytics Institute, Ian Silverman, 23.May.2017) â Venezuelan petroleum sector workers accompanied Venezuelan President NicolĂĄs Maduro during a march for peace to the headquarters of the National Electoral Council (CNE […]
PDVSA’s Deterioration on All Fronts
(Energy Analytics Institute, Pietro D. Pitts, 22.May.2017) â In recent weeks PDVSA has reported at least three accidents: Petrotrin oil spill in Sucre state and incidents at its Cardon and […]
PDVSA, Shell Discuss Gas Exports
(Energy Analytics Institute, Piero Stewart, 21.May.2017) â PDVSA and Shell continue to conduct discussions related to the exportation of Venezuelan natural gas to the twin-nation island of Trinidad and Tobago, […]
PDVSA Contingency Plan for T&T Oil Spill
(Energy Analytics Institute, Ian Silverman, 21.May.2017) â PDVSA reiterated in a twitter post that once the authorities from Trinidad and Tobago notified the company of the Petrotrin oil spill that […]
PDVSA Says Curacao Refinery Fire Out
(Energy Analytics Institute, Ian Silverman, 21.May.2017) â PDVSA announced that it has completely controlled a fire that occurred at its Isla de Curacao refinery. The incident occurred at the distillation […]
PDVSA Says Oil Spill Clean-up Advances
(Energy Analytics Institute, Piero Stewart, 20.May.2017) â PDVSA announced that clean-up activities continue along the Venezuelan coast off Sucre state, related to the spill of crude oil at the Pointe-Ă -Pierre […]
Venezuela Faces Liquidity Crisis
(Piero Stewart, Energy Analytics Institute, 20.May.2017) â Petroleum production below historic average levels, economic distortions on all fronts, the problem with Venezuela, which is clear for the financial markets, is […]
Venezuelaâs High Inflation, Hyperinflation
(Piero Stewart, Energy Analytics Institute, 20.May.2017) â âThis government doesnât want to reduce inflation because this government, generating inflation uses it to finance itself,â said opposition lawmaker and Economist JosĂ© […]
PDVSA Guarantees Gasoline, Fuel Supply
(Energy Analytics Institute, Aaron Simonsky, 20.May.2017) â PDVSA continues to guarantee the supply of fuels across the country despite ongoing protests, reported PDVSA in an official statement, citing Commerce and […]
Venezuelan Ranchers Affected by Gasoline Shortages
(Energy Analytics Institute, Jared Yamin, 19.May.2017) â In recent weeks, a reported 66 companies in Venezuela dedicated to the collection of milk have closed their doors and stopped distribution activities […]
PDVSA Steps Up Fuel Security
(Energy Analytics Institute, Ian Silverman, 18.May.2017) â PDVSA has reinforced effects to protect is fuel supply amid ongoing protests across Venezuela. Several protests have led to incidents affecting gasoline distribution […]
Argentina Imports Natural Gas From Chile Under Two Contracts
(Energy Analytics Institute, Jared Yamin, 17.May.2017) â Argentina started importing natural gas from Chile, and will continue over an estimated three month period in order to cover increased demand during […]
PDVSA Halts Cardon Catalytic Unit
(Energy Analytics Institute, Ian Silverman, 16.May.2017) â PDVSA halted the catalytic cracking unit at the 310,000 barrel-per-day CardĂłn refinery in Punto Fijo, reported Reuters, citing a worker at the plant […]
PDVSA, Camimpeg-SPS Ink Maracaibo Deal
(Energy Analytics Institute, Aaron Simonsky, 16.May.2017) â PDVSA in alliance with Camimpeg (CompañĂa AnĂłnima Militar de Industrias Mineras, PetrolĂferas y Gas) and Southern Procurement Services (SPS) plan to boost production […]
IndoVenezolana Opens Injection Plant
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) â Petrolera Indovenezolana opened a Saltwater Injection Plant in Zuata North field, AnzoĂĄtegui state to boost production and prevent reservoir declination. The field, located […]
Sidor Warns of Theft of Copper, Minerals
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) â The president of SiderĂșrgica del Orinoco (Sidor), Justo Noguera Pietri, announced the mineral sector in Guayana was under threat from persons stealing the […]
Trinidad Oil Spill Reaches Venezuelan Beaches
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) â PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago. […]
PDVSAâs Barinas Plant Ready in June 2017
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) â PDVSA announced construction of a 100-MW electric generation plant located in Barinas state had reached the 98% mark in terms of completion. Work […]
PDVSA Participates in OTC 2017 in Houston
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) â PDVSA participated in the Offshore Technology Conference held in Houston, Texas from 1-4.May.2017. PDVSA Gas Vice President CĂ©sar Triana headed a sizable contingent, […]
Venezuela Eyes 2018 Presidential Elections
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) â Venezuelan President Nicolas Maduro said during a speech televised on national TV that ârain, thunder or lightning, in Venezuela there would be presidential […]
YPF And Schlumberger Ink Bandurria Sur JV Deal
(Schlumberger, 12.Apr.2017) â Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ăngel GutiĂ©rrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in […]
SAExploration Signs Three Year Agreement With Hocol In Colombia
(SAExploration, 12.Apr.2017) â SAExploration Holdings, Inc. (SAE) announced the signing of a three year agreement with Hocol S.A. to be its provider of seismic acquisition services in Colombia. Founded in […]
ANP Notice on Participation in Lula Field
(Petrobras, 1.Apr.2017) â Petrobras announced that, on March 30, 2017, Consortium BM-S-11 received a notice of violation issued by the National Petroleum, Natural Gas and Biofuels Agency (ANP), relating to […]
ExxonMobil Announces New Oil Discovery Offshore Guyana
(Exxon Mobil, 30.Mar.2017) â Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as […]
Petrobras Says P-69 Arrives in Brazil
(Petrobras, 30.Mar.2017) â Platform is now at Brasfels shipyard in Angra dos Reis On March 28, the hull of floating production, storage and offloading vessel (FPSO) P-69 arrived at the […]
Petrobras Updates on BaĂșna, Tartaruga Verde
(Petrobras, 30.Mar.2017) â Petrobras, in continuation to the material facts of 10/6/2016, 12/20/2016, and 3/15/2017 and to the press release of 11/21/2016, clarifies that it has notified the Federal Supreme […]
Petrobras Requests for Replacement of Substitute Candidate
(Petrobras, 27.Mar.2017) â Petrobras, as stated in Circular Letter CVM/SEP/01/2017, reported that it has received a request for the replacement of the substitute candidate to the Fiscal Council (FC) nominated […]
Petrobras Updates on Shareholders Meeting
(Petrobras, 27.Mar.2017) â Petrobras informed that the Extraordinary General Shareholders Meeting, held in the Auditorium of the company’s headquarters on Avenida Republic of Chile nÂș 65-1st floor, in the city […]
Reelection of Petrobras CEO
(Petrobras, 27.Mar.2017) â Petrobras reports that in the meeting held yesterday Petrobras’ Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the company’s […]
Petrobras’ Sale of PetroquĂmicaSuape and Citepe
(Petrobras, 27.Mar.2017) â Petrobras, in continuation to the material fact disclosed on December 28, 2016, informed that, the Shareholdersâ Extraordinary General Meeting approved the sale of 100% of the shares […]
Venezuela to End Oil Rentier Model
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) â Venezuelaâs President Nicolas Maduro announced that this year the South American country would change its oil rentier model for an economic model whereby […]
Citgo Says No to Heating Oil Program
(Energy Analytics Institute, 26.Mar.2017) â Houston-based Citgo Petroleum Corporation, the U.S.-based refinery arm of PDVSA, had to skip out on sending heating oil to citizens in the U.S. northeast under […]
Venezuela Output To Fall 100-150 Mb/d in 2017
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) â An inability to boost foreign and domestic investments in Venezuelaâs oil sector in 2017 will result in further declines in the Caribbean nationâs […]
Tofco Completes Fabrication Of Historic Juniper Topsides
(Chet Morrison, 25.Mar.2017) â TOFCO recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad. The project marks a milestone for Trinidad and […]
Petrobras Offers Clarification: CARF Ruling
(Petrobras, 24.Mar.2017) â Petrobras informed that the Administrative Board of Tax Appeals (CARF) issued on 3/22/17 a decision in favor of the Company, in the administrative proceeding that addresses the […]
Petrobras Reports 2016 Results
(Petrobras, 23.Mar.2017) â Petrobrasâ results in 2016 were marked by a significant improvement in its operational performance over the course of the year, reflected in a reversal from the loss […]
Tecpetrol to Invest $2.3 Bln in Vaca Muerta
(Reuters, Eliana Raszewski, 23.Mar.2017) â Argentinaâs Tecpetrol, part of the Techint Group, said on Thursday it would invest $2.3 billion in the Vaca Muerta shale fields through 2019, the largest […]
Petrobras Announces Resignation of Council Member
(Petrobras, 23.Mar.2017) â Petrobras informed that Mr. Paulo JosĂ© dos Reis Souza, member of the Fiscal Council, submitted his resignation to the post, effective on March 27, 2017. The election […]
Petrobras Offers Clarifications on Libra Pilot Project
(Petrobras, 21.Mar.2017) â Petrobras and its partners are committed to implementing the production sharing agreement (PSA) for the Libra area, executed in 2013 and for which Libra Pilot, the first […]
Peña Nieto Presides Over Commemoration Ceremony
(Pemex, 18.Mar.2017) â Mexican President Enrique Peña Nieto presided over the commemoration ceremony on March 18, 2017 at the maritime terminal of Ciudad del Carmen, Campeche. He assured that PetrĂłleos […]
Pemex Director Visits Families of Salamanca Accident
(Pemex, 17.Mar.2017) â JosĂ© Antonio GonzĂĄlez Anaya, General Director of PetrĂłleos Mexicanos, met with the family members of the workers who were injured in the explosion of the Dispatch Terminal […]
Moody’s Takes Action on Cosan’s Ratings
(Moody’s Investors Service, 17.Mar.2017) â Moody’s Investors Service affirmed the ratings of the notes issued by Cosan Overseas Limited and Cosan Luxembourg S.A. and guaranteed by Cosan at Ba3. At […]
Colombia to Benefit from Internationalizing Currency
(Energy Analytics Institute, Ian Silverman, 15.Mar.2017) â The Oxford Business Group said that Colombia only stands to benefit from further internationalizing its currency as it attempts to diversify its sources […]
President Energy Updates on Argentine Reserves
(President Energy Plc, 15.Mar.2017) â President Energy Reports Audited Argentine Reserves Upgrade President Energy Group 2P Hydrocarbon Reserves now in excess of 20 MMBoe. Highlights: — Argentine 1P Oil Reserves […]
Petrobras Says Court Authorizes Divestment Program
(Petrobras, 15.Mar.2017) â Petrobras, in continuation to the material facts disclosed on 12/8/2016 and 12/20/2016, reports that the decision by the Federal Accounting Court (TCU) issued, repealed the preventive order […]