ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Venezuela Sends Two Fuel Tankers to Singapore

(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) – Venezuela sent two fuel tankers at full capacity to Singapore, reported Reuters. The tankers, New Dream, rented by PetroChina, Britanis, and Trafigura, are […]

PDVSA President Del Pino Orders Co. Audit

(Energy Analytics Institute, Jared Yamin, 24.Jun.2016) – PDVSA President Eulogio Del Pino ordered the investigation into presumed acts of corruption and bribery within the state oil company, reported the daily […]

PetroEcuador Helps Control Fuel Oil Spill

(Energy Analytics Institute, 24.Jun.2016, Clifford Fingers III) – EP PetroEcuador turned over formal activities related to the containment, cleaning and monitoring along the Daule river, kilometer 24 in the Merced […]

Ecopetrol Offers 20 Production Assets

(Ecopetrol S.A., 24.Jun.2016) – Ecopetrol S.A. announced that it launched ‘Ronda Campos 2016,’ a public and competitive bidding process, the objective of which is to offer to oil and gas […]

PDVSA Raises Recovery Factor in South Junín District

(Energy Analytics Institute, Jared Yamin, 21.Jun.2016) – PDVSA has increased the recovery factor to 35 percent from 20 percent in the South Junín district of the Orinoco Heavy Oil Belt […]

Ecuador Permits Alcoholic Beverages at Service Stations

(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador has decided it will allow its service stations to again distribute alcoholic beverages. The distribution of alcoholic beverages at the stations […]

Ecuador Oil Output 556 Mb/d in May 2016

(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador’s oil output reached 556,000 barrels per day in May of 2016, up sequentially from 555,000 barrels per day in April of […]

PDVSA Completes Directional Work on 70th Well in Maracaibo

(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) – PDVSA’s Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent completion of work on a […]

YPFB, Gazprom to Evaluate Potential of 3 Areas

(Energy Analytics Institute, Jared Yamin, 17.Jun.2016) – YPFB and Gazprom signed an agreement for the evaluation of the hydrocarbon potential of three areas reserved for YPFB. The agreement was signed […]

ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana

(Exxon Mobil, 18.Jun.2016) – Exxon Mobil Corporation has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in […]

Venezuela Needs to Learn to Live with $40-$45/Bbl Oil

(Energy Analytics Institute, Jared Yamin, 16.Jun.2016) – Venezuela has to learn to live with oil prices between $40 per barrel and $45 per barrel in order to stop its oil […]

Three Companies Interested in Esmeraldas Overhaul

(Energy Analytics Institute, 16.Jun.2016, Clifford Fingers III) – Three companies, Adelca, Novacero and Practipower, presented their bids to buy an estimated 6,500 tons of salvage left over from the Esmeraldas […]

Venezuela Seeks to Boost Gas Supply by Reducing Flaring

(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – Latin American oil producer Venezuela plans to increase the supply of natural gas in its domestic market by reducing flaring and using the […]

PDVSA, Inpex Invest $350 Mln to Boost Gas Output

(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – PDVSA and Japan’s Inpex invested $350 million to improve gas compression operations at the Copa Macoya plant in Guarico state, and boost output […]

Fuel Demand in Colombia Increases with Closing of Venezuelan Border

(Energy Analytics Institute, Jared Yamin, 15.Jun.2016) – Demand for fuels in Colombia increased 11 percent due to the closing of the border with Venezuela, wrote Colombia’s Energy Vice Minister in […]

Petrobras Class Action in the United States

(Petrobras, 15.Jun.2016) – Petrobras informed the United States Court of Appeals for the Second Circuit issued an order granting Petrobras’s petition to permit an appeal from the order of the […]

Petrobras Starts Competitive Process to Sell Liquigás

(Petrobras, 15.Jun.2016) – Petrobras started the competitive process to sell Liquigás Distribuidora S.A., a wholly-owned, privately-held subsidiary operating in the bottling, distribution and selling of liquefied petroleum gas (LPG). Liquigás […]

New Libra Well Confirms Extension of Petrobras Oil Find

(Petrobras, 15.Jun.2016) – The Libra Consortium has concluded the drilling and evaluation of the seventh well in the block, located in the pre-salt of the Santos Basin. The well found […]

Venezuela in Talks with China About Grace Period

(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela continues to discuss matters with China regarding a grace period for the South American country to pay back loans to the Asian […]

Venezuela Aims to Boost Oil Output Over Next Six Months

(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela’s President Nicolas Maduro said his country needs to boost its crude oil output over the next six months in accordance with the […]

PDVSA Still Seeks Friendly Settlement with PetroPar

(Energy Analytics Institute, Jared Yamin, 12.Jun.2016) – PDVSA continues to seek a friendly settlement with PetroPar in regards amounts it is owed by its Paraguayan counterpart, announced PDVSA in an […]

YPFB, PetroPar and LPG Distributors Discuss Contracts

(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) – Officials from YPFB and its Paraguayan counterpart PetroPar meet with LPG distributors in Paraguay to evaluate the expansion of sales and purchase agreements. […]

Schlumberger Rigs to Operate Under Different Scheme

(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) — Schlumberger’s fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA in an official statement on […]

CITGO, Aruba Gov’t Finalize San Nicolas Refinery Deal

(Energy Analytics Institute, Pietro D. Pitts, 11.Jun.2016) – Authorities from the governments of Aruba, the Bolivarian Republic of Venezuela, and officials from Venezuela’s state oil company Petróleos de Venezuela, S.A. […]

Ecopetrol Prices $500mn Debt Offering

(Ecopetrol, 10.Jun.2016) — Ecopetrol S.A. reports that, on 8 June 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution 1657 of 7 June 2016) […]

Ecopetrol Successfully Prices Int’l Bond for $500 Mln

(Ecopetrol S.A. 10.Jun.2016) – Ecopetrol S.A. reports that, on June 8, 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution 1657 of June 7, […]

PDVSA, Schlumberger Maintain Relationship in Venezuela

(Energy Analytics Institute, Jared Yamin, 10.Jun.2016) — PDVSA and oil field services giant Schlumberger continue to maintain their operational relationship, reported PDVSA in an official statement, citing a Schlumberger legal […]

Wood Group, Grupo Diavaz Form Engineering JV

(Wood Group, 9.Jun.2016) – Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, created a joint venture engineering business to capitalize on Mexico’s energy […]

Esmeraldas Overhaul to Reduce Imports by Nearly $355 Mln

(Energy Analytics Institute, 8.Jun.2016, Clifford Fingers III) – Ecuador will benefit financial from the recently completed overhaul of the Esmeraldas refinery. The country will save more than an estimated $1 […]

GeoPark Initiates Drilling Campaign in Colombia

(GeoPark Limited, 8.Jun.2016) – GeoPark Limited announced the start-up of its drilling program in the Llanos 34 Block (GeoPark operated with a 45 percent working interest) in Colombia. GeoPark’s 2016 […]

Gran Tierra Announces Chaza Arbitration Resolution

(Gran Tierra Energy Inc., 8.Jun.2016) – Gran Tierra Energy Inc. announced the receipt of a positive decision from the Chamber of Commerce of Bogotá Center for Arbitration and Conciliation tribunal […]

Fitch Rates Reopening of Ecopetrol Notes

(Fitch Ratings, 8.Jun.2018) – Fitch Ratings rates the $500 million reopening of Ecopetrol S.A.’s 5.875% notes due in 2023 ‘BBB’. The company expects to use the proceeds from the proposed […]

Shell Announces Return to Bolivia

(Energy Analytics Institute, Jared Yamin, 8.Jun.2016) – Royal Dutch Shell, which ceased to operate in Bolivia in June of 2008, has laid out exploration and exploitation plans for the small […]

Paraguay to Pay Back $287 Mln PDVSA Debt in 2023

(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay plans to pay back its $287 million debt with PDVSA in 2023, reported the daily newspaper Noticias24, citing Paraguayan Industry and Commerce […]

Paraguay Says No Need To Issue Bonds To Pay PDVSA Debt

(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay does not need to issue bonds to pay off an outstanding debt with Venezuela’s state oil company PDVSA, according Paraguay’s Finance Minister […]

Petrobras Says Production Up 5% in May

(Petrobras, 8.Jun.2016) – Petrobras’ total oil and natural gas production in May reached 2.83 million barrels of oil equivalent per day (MMboe/d), up 5 percent compared to April (2.69 MMboe/d) […]

Argentina Establishes Ceiling for Subsidized Gas

(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Argentina established a ceiling for subsidized gas invoices at 400 percent for private entities, and 500 percent for business entities. The prices will […]

Ecopetrol Continues Hedge Accounting Policy

(Ecopetrol S.A., 7.Jun.2016) – Ecopetrol S.A. announced that its Board of Directors, in a session held on June 6, 2016, approved the implementation of “Hedge of a net investment in […]

Bolivia to Invest $21.4 Bln in Hydro-Electric Projects

(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia plans investments of $21.350 billion on hydroelectric projects that have potential to generate an estimated 8,575 megawatts (MW) of energy. Bolivia is […]

Central Bank Approves Funding Plant in Yacuiba

(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia’s Central Bank approved a credit for YPFB for 12,858.26 million Bolivian bolivianos to finance construction of a propylene and polypropylene plant in […]

YPFB to Sign Contracts with YPF and Petrobras

(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – YPFB plans to sign exploration contracts with its Argentine and Brazilian counterparts in July. YPFB will sign exploration agreements with its Argentine counterpart […]

Executive Profile: YPF New CEO Ricardo Darré

(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Ricardo Darré will assume the position of CEO at YPF on July 1, 2016, taking over the helm from the interim CEO. Darré […]

YPFB Has Capacity to Produce 61 MMcm/d

(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Bolivia has the capacity to produce 61 million cubic meters per day of natural gas to cover demand in the internal market and […]

Petropar Says PDVSA Claims Not Valid Related to Debt

(Energy Analytics Institute, Aaron Simonsky, 6.Jun.2016) – Plans announced by PDVSA to sue its Paraguayan counterpart Petropar are not valid and go against international agreements. Caracas-based PDVSA announced it would […]

Nelson Silva Appointed Petrobras’ Strategy Consultant

(Petrobras, 6.Jun.2016) – Nelson Silva has been appointed senior consultant to Petrobras’ board of executives. Invited by CEO Pedro Parente, he will coordinate the company’s strategic review process and help […]

Pemex to Make Peso Payment to Suppliers

(Energy Analytics Institute, Fidencio Casillas, 6.Jun.2016) – Pemex is preparing to make payments of nearly 30 billion Mexican pesos to its providers, announced a company executive. The Mexico City-based oil […]

Bolivia Has 40,000 MW Hydroelectric Capacity

(Energy Analytics Institute, Jared Yamin, 5.Jun.2016) – Bolivia has capacity to generate 40,000 megawatts of energy from hydroelectric projects. “According to studies from international organizations Bolivia has capacity to generate […]

Pemex Gasoline Consumption At 22% of Total Vs. 8% in 2011

(Energy Analytics Institute, Fidencio Casillas, 5.Jun.2016) – The consumption of premium gasoline in Mexico has evolved favorably over the last six years with the Premium grade gaining territory on the […]

Company Profile: Oleoducto Central S.A. (Ocensa)

(Moody’s, 4.Jun.2016) – Oleoducto Central S.A. (Ocensa) is the largest crude oil pipeline and the only public-use pipeline in Colombia. Its pipeline is ~845 km in length with 745,000 b/d […]

ExxonMobil to Invest $10 Billion In Vaca Muerta

(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – U.S.-based ExxonMobil plans to invest $10 billion over the next 20 years in the Vaca Muerta area in Argentina. The announcement was made […]