ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Mexico’s First Open Season Auction

(Pemex, 15.Mar.2017) – Last December 20th, the application period for those interested in participating in the first Open Season auction, was opened. From March 10, they submitted their financial proposals […]

Venezuela Not Selling Gasoline in Pesos

(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Venezuela expects to receive between $120,000 and $150,000 per day from the sale of its gasoline along the Colombian border, reported the daily […]

Petrobras’ Unaffected by Brazil’s Outlook

(Moody’s, 15.Mar.2017) – On 15 March 2017 Moody’s changed the outlook on the Government of Brazil’s Ba2 rating to stable from negative, reflecting Moody’s expectation that the downside risks are […]

Petrobras Reports Oil, Gas Output in February

(Petrobras, 14.Mar.2017) – Petrobras’ oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), with 2.703 million boed produced in Brazil and 113,000 […]

President Energy Provides Update on Argentine Ops

(President Energy Plc, 12.Mar.2017) – President Energy announced that the first workover of a previously producing well, DP12 at the Dos Puntitas field, has been completed on time and on […]

Mexico’s Fuel Consumption in January 2017

(Energy Analytics Institute, Fidencio Casillas, 12.Mar.2017) – Mexico consumed 193 million liters of fuel in January 2017, state oil company Petróleos Mexicanos (Pemex) Gasolinera wrote in a twitter post. Of […]

Venezuela Holds World’s 8th Largest Gas Reserves

(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – Venezuela, the country with the world’s largest crude oil reserves, also continues to hold the world’s eighth largest accumulation of natural gas reserves […]

Jusepin Plant to Assist PDVSA Gas Reduce Flaring

(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – PDVSA said that the start of the Jusepin 200 gas processing plant will allow its affiliate PDVSA Gas to reduce gas flaring by […]

Guri Dam Water Level Above 2016 Levels

(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – The water level at Venezuela’s Guri Dam was at 261 meters above sea level as of March 1, 2017, and up 12 meters […]

Bolivia Says El Alto to Have Gas in 2018

(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – The entire population of the city El Alto will have access to domestic gas service in 2018. Bolivia’s state oil company Yacimientos Petrolíferos […]

Shushufindi Plant Has 20 Mb/d LPG Capacity

(Energy Analytics Institute, Clifford Fingers III, 10.Mar.2017) – Ecuador’s Shushufindi refinery has the capacity to bottle or fill 20,000 cylinders per day of liquefied petroleum gas or LPG, Ecuador’s Hydrocarbon […]

Petrobras Clarification on Alliance News

(Petrobras, 10.Mar.2017) – Petrobras understands that the content disclosed to the market on the Strategic Alliance with Total on 10/24/2016, 12/21/2016 and 3/1/2017, includes the relevant information about this partnership, […]

Petrobras Updates on Nova Transportadora Sale

(Petrobras, 10.Mar.2017) – Petrobras informed that it was suspended today by the President of the Federal Regional Court for the 5th Region, the injunction that determined the interruption of the […]

Colombia’s TermoCandelaria Fined 35.4 Bln Pesos

(Energy Analytics Institute, Jared Yamin, 10.Mar.2017) – Colombian energy generator TermoCandelaria was fined 35,410 million pesos, equivalent to 48,000 minimum salaries, by the country’s Public Services Superintendent. The entity justified […]

Pemex Director Meets Oil Sector Leaders

(Pemex, 8.Mar.2017) – The General Director of Petróleos Mexicanos, José Antonio González Anaya, had an intense activity during CERA week, the most important event of the oil industry globally, which […]

Moody’s Changes Outlook on Argentine Cos

(Moody’s Investors Service, 7.Mar.2017) – Moody’s Investors Service revised to positive from stable the outlook for several companies operating in Argentina, while all ratings were affirmed. The companies’ outlook change […]

Strategic Alliance Between Petrobras, Total

(Petrobras, 7.Mar.2017) – Petrobras clarified that the R$ 500 million amount mentioned in the article published by the newspaper O Estado de S. Paulo and mentioned by President Pedro Parente […]

Harvest Natural Announces 4Q:16 Results

(Harvest Natural Resources, Inc., 6.Mar.2017) – Harvest Natural Resources, Inc. announced 2016 fourth quarter and year-end earnings. Harvest posted a fourth quarter 2016 net income of $100.6 million, or $9.00 […]

EcoStim Secures $17 Million in New Funding

(Eco-Stim Energy Solutions, Inc., 6.Mar.2017) – Eco-Stim Energy Solutions, Inc. announced that an affiliate of Fir Tree Partners (FTP) entered into a transaction with an affiliate of Albright Capital Management […]

Pemex, BHP Billiton to Develop Trion Block

(Pemex, 3.Mar.2017) – Petróleos Mexicanos and the Australian company BHP Billiton signed an agreement to develop the deep-water Trion Block during an event hosted by the President of Mexico, Enrique […]

Mariscal Sucre to Produce 300 MMcf/d

(Energy Analytics Institute, Piero Stewart, 2.Mar.2017) – The Mariscal Sucre offshore project is expected to be producing 300 million cubic feet per day (MMcf/d) in the fourth quarter of 2017, […]

Gran Tierra to Make Normal Course Issuer Bid

(Gran Tierra Energy Inc., 1.Mar.2017) – Gran Tierra Energy Inc. intends to implement a normal course issuer bid through the facilities of the Toronto Stock Exchange (TSX) and the NYSE […]

GeoPark Announces Expansion of Tigana/Jacana

(GeoPark Limited, 2.Mar.2017) – GeoPark Limited announced the successful drilling and testing of the Jacana 11 appraisal well in the Jacana oil field in the Llanos 34 Block (GeoPark operated […]

Guyana’s Initial Oil Output to Surpass Trinidad

(Energy Analytics Institute, Pietro D. Pitts, 2.Mar.2017) – Sleepy Guyana is gearing up to surpass twin-island nation Trinidad and Tobago in terms of oil production. Production plans by Irving, Texas-based […]

Gran Tierra Energy Provides Operational Update

(Gran Tierra Energy Inc., 1.Mar.2017) – Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented “2017 is off to an exciting start for Gran Tierra. We are pleased […]

Petrobras, Total Finalize Strategic Alliance

(Petrobras, 1.Mar.2017) – Petrobras and Total signed the sales contracts for the assets in the Strategic Alliance, as set out in the Master Agreement signed on the 21st of December, […]

Ecopetrol’s Annual General Shareholders’ Meeting

(Ecopetrol, 27.Feb.2017) – The Chief Executive Officer of Ecopetrol S.A. announced details of the Annual General Shareholders’ Meeting held on March 31, 2017 at the International Center of Business and […]

PDVSA Steps up Legal Actions Against PetroSaudi

(PDVSA, 24.Feb.2017) – PDVSA, through its subsidiary PDVSA Servicios SA, has been involved in a legal battle against PetroSaudi Oil Services Ltd. Among other claims, PDVSA seeks to obtain compensation […]

Petrobras Approves Settlements with Investors

(Petrobras, 24.Feb.2017) – Petrobras announces its Board of Directors has approved settlements to end four individual lawsuits filed before the Federal Court of New York, USA, by New York City […]

PDVSA, Rosneft Hold Conference on EHCO

(PDVSA, 23.Feb.2017) – PDVSA and the Russian company Rosneft held a technical conference on strategy, innovation and technology for a sustainable future, February 22-23, 2017 at PDVSA Intevep’s headquarters in […]

Tecpetrol Acquires Interest In Parque Eólico Pampa S.A.

Nova Fronteira Merges into São Martinho S.A.

(Petrobras, 23.Feb.2017) – Petrobras announced that, further to the statement on 12/15/2016, its wholly owned subsidiary Petrobras Biocombustível S.A. (PBIO) finalized the merger of Nova Fronteira into São Martinho S.A. […]

Petrobras Proceeds with Sale of PetroquímicaSuape

(Petrobras, 23.Feb.2017) – Further to the relevant fact disclosed on January 31, 2017, Petrobras announced that the Federal Regional Court of the 5th Region granted the stay of proceedings sought […]

PDVSA Strengthens Cuba-Venezuela Agreement

(PDVSA, 22.Feb.2017) – The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy cooperation ties as part of […]

PDVSA and Schlumberger Discuss Business Relations

(PDVSA, 22.Feb.2017) – On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of Petróleos de Venezuela S.A. (PDVSA) to hold a meeting with PDVSA President Eulogio Del Pino. […]

PDVSA Pays Interest to Bond Holders

(PDVSA, 20.Feb.2017) – PDVSA informed all holders of PDVSA Bonds maturing in 2022, that payment of interest was made on February 17, 2017 corresponding to the semester ending February 2017, […]

PDVSA Actions in Rincón, Shiera Cases

(PDVSA, 20.Feb.2017) – As has been informed, PDVSA subsidiary Bariven, S.A., has been the victim of a fraud perpetrated by former contractors and suppliers of the company led by Roberto […]

Juniper’s Trinidad Journey: From Construction To Installation

(BP, 20.Feb.2017) — With a platform weighing nearly 10,000 tons in the Caribbean Sea, BP’s Juniper is no small feat. The $2 billion subsea project in Trinidad and Tobago will […]

ExxonMobil: About Guyana

(Exxon, 20.Feb.2017) — Located on the northern mainland of South America, Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south, Suriname to the east and […]

PDVSA to Investigate Barinas Pipeline Fire

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA announced a fire along a section of an oil pipeline located in Barinas state was controlled with the assistance of the state […]

Venezuela, China Sign 8 Oil Deals

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Venezuela signed 22 agreements with China, including eight (8) related to heavy and extra heavy oil ventures in the OPEC-member country, with an […]

PLC Refinery Conversion to Conclude in 2018

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA estimates that the deep conversion project at its 100 percent owned Puerto La Cruz refinery, which will require foreign investments of $10.5 […]

Lawsuits Push Venezuela to Brink of Default

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – A Paris Court of Appeal’s rejection of an annulment from Venezuela will force the cash-strapped South American country to pay $730 million to […]

Citgo Without CEO After Martinez Leaves

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Citgo Petroleum Corporation has yet to the report on a possible replacement to head the company after its CEO and President Nelson Martinez […]

Ecopetrol Reserves Fall to 1,598 MMboe in 2016

(Ecopetrol S.A., 17.Feb.2017) – This valuation was made at a regulatory price of $44.5/barrel, lower prices negatively impacted 202 million barrels … Ecopetrol S.A. announced its proven reserves (1P, according […]

Andes Energía, YPF to Develop Vaca Muerta

(Energy Analytics Institute (EAI), Clifford Fingers III, 16.Feb.2017) – Andes Energía and YPF plan joint investments to boost hydrocarbon production in the Vaca Muerta in Argentina. “We have projects to […]

Ecopetrol Auction Related to EEB Declared Void

(Ecopetrol S.A., 15.Feb.2017) – Ecopetrol S.A. reported results of the fourth auction corresponding to Stage Two of the Program to Transfer and Award its 28,465,035 shares of Empresa de Energía […]

Petrobras Reports Production in January

(Petrobras, 15.Feb.2017) – Petrobras’ total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in […]

Venezuela Advances with PLC Conversion Project

(PDVSA, 14.Feb.2017) – Members of the China-Venezuela High Level Joint Commission toured the facilities of the Puerto La Cruz Refinery in Anzoátegui state, to review the progress of the Deep […]

Venezuela, China Hold High Level Commission

(PDVSA, 13.Feb.2017) – The 15th China-Venezuela High Level Joint Commission took place at the José Félix Ribas Hall of Teresa Carreño Theater in Caracas, with the aim of discussing the […]