(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) â YPF and Enap Sipetrol plan to invest $165 million to boost production in the Magallanes field offshore. The companies plan to increase natural […]
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.
Moody’s Affirms YPF’s B3 Rating
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) â Moody’s affirmed YPF Sociedad Anonima’s B3 issuer rating. YPF’s B3 BCA (Baseline Credit Assessment) and its Baa1.ar national scale rating remained unchanged. The […]
Ecopetrol Equity Divestment Plan for EEB Shares
(Ecopetrol S.A. 2.Jun.2016) â Ecopetrol S.A. announced that on June 1, 2016, through the X-STREAM trading system of the Colombian Stock Exchange (Bolsa de Valores de Colombia S.A.), the second […]
YPFB Guarantees LPG Supply in Santa Cruz
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) â YPFB plans to increase the number of LPG cylinders in Santa Cruz to 45,000 per day from 37,000 per day in order to […]
Helix Finalizes Contract Negotiations With Petrobras
(Helix Energy Solutions Group, 2.Jun.2016) â Helix Energy Solutions Group, Inc. has completed its contract renegotiations with Petrobras and entered into amendments to its well intervention services contracts for its […]
Venezuela Proposes Production Band Again to OPEC
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) â Venezuela again proposed establishment of a production band during the 169th OPEC meeting in Vienna. The band system consists of minimum and maximum […]
Enargas Mandates Complexes To Reduce Gas Demand
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) â Union protests in Tierra del Fuego as well as climatic conditions have made it impossible to bring in LNG ships into the Buenos […]
PetroEcuador Provides Infrastructure Update
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) â At year-end 2015, EP PetroEcuador had the following infrastructure in Ecuador: 10 product pipelines, 8 fuel terminals and 5 maritime terminals, reported […]
PetroEcuador Gasoline Network of 276 Service Stations
EEnergy Analytics Institute, 1.Jun.2016, Clifford Fingers III) â EP PetroEcuador has a gasoline network comprising 276 service stations, reported the state company in an official statement. PetroEcuador affiliates operated 215 […]
PetroEcuador Says Tax Increase Not to Affect Fuels
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) â The price of Extra Gasoline, Extra Gasoline with Ethanol, Diesel 1, Diesel 2, Premium Diesel and LPG will not be affected by […]
Colombia Needs Investments of $7 Bln
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) â Colombia needs to invest an estimated $7 billion per year over a ten-year period or under to remain self-sufficient in the production of […]
Ecuador Seeks Foreign Investors for Pacific Refinery
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) â Ecuador’s President Rafael Correa named Horacio YĂ©pez Maldonado as the country’s new ambassador to seek financing for the Pacific Refinery with the […]
Venezuela Proposes AlĂ RodrĂguez as OPEC Sec-General
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) â Venezuela proposed to OPEC the appointment of AlĂ RodrĂguez Araque as secretary-general for the organization, reported PDVSA in an official statement on its […]
Argentina Launches RenovAr Plan
(Energy Analytics Institute, Jared Yamin, 31.May.2016) â The Argentine government launched its so-called National Renewable Energies Plan or RenovAr. The plan contemplates installing nearly 1,000 megawatts of energy from various […]
Saesa Says 15 Wind Projects Ready For Construction
(Energy Analytics Institute, Jared Yamin, 31.May.2016) â Energy company Saesa announced that at least 15 wind park projects are ready to be built in Argentina, which represents nearly 900 megawatts […]
Gran Tierra to Increase in 2016 Exploration Budget
(Gran Tierra Energy Inc., 31.May.2016) â Gran Tierra is increasing its base 2016 capital budget by $33 million to $43 million to a revised total of $140 million to $150 […]
PDVSA Reports 46% Drop in Hydrocarbon Income
(Energy Analytics Institute, Pietro D. Pitts, 31.May.2016) â Venezuela’s state oil company PetrĂłleos de Venezuela (PDVSA) reported disappointing financial data for 2015 as oil and gas revenues fell 46 percent […]
Venezuela Publishes Details About Keeping Forex in Country
(Energy Analytics Institute, Jared Yamin, 31.May.2016) â Venezuela published details in its Official Gazette No. 40,913 which establishes that private, national and foreign companies that transport and distribute gas for […]
El Aromo Area Considered Seismic Zone
(Energy Analytics Institute, 30.May.2016, Clifford Fingers III) â The El Aromo area, where the Pacific Refinery will be located, near Manta in ManabĂ is considered a seismic zone by Seismologist […]
Petrobras Announces New CEO, Mgmt Changes
(Petrobras, 30.May.2016) â Petrobras received Mr. Aldemir Bendine’s letter of resignation from the positions of Member of the Board of Petrobras and CEO. Bendine also resigned from the position of […]
PDVSA Installs Stripper Unit at Puerto La Cruz Refinery
(Energy Analytics Institute, Piero Stewart, 28.May.2016) â PDVSA successfully installed a separator or sour water stripper unit, also known as Unit 84, at the Puerto La Cruz refinery in AnzoĂĄtegui […]
PetroCaribe Evaluates Creation of JV Company to Distribute Gas
(Energy Analytics Institute, Piero Stewart, 27.May.2016) â PetroCaribe member countries evaluated the creation of a joint-venture company that would distribute Venezuelan gas to them, reported Venezuela’s news agency AVN, citing […]
Dilma Warns Gov’t Wants to Privatize Brazilian Reserves
(Energy Analytics Institute, Jared Yamin, 26.May.2016) â Brazil President Rousseff Dilma, suspended from her duties for six months, claims the countryâs interim president Michel Temer plans to privatize the country’s […]
PetroEcuador Reports 79% Decline In EBITDA
(Energy Analytics Institute, 25.May.2016, Clifford Fingers III) â EP PetroEcuador reported operational revenues of $9.284 billion in 2015, down $6.458 billion or 41 percent compared to $15.742 billion in 2014 […]
San Mateo Petrol Station Starts Operations
(Energy Analytics Institute, 25.May.2016, Clifford Fingers III) â The artisan fishing and ship vessel diesel station in San Mateo, located in the province of ManabĂ, started operations on May 19, […]
YPFB to Boost LPG Supply During Winter Period
(Energy Analytics Institute, Jared Yamin, 25.May.2016) â YPFB will increase the supply of LPG cylinders to an average 158,000 per day from 130,000 per day to guarantee supply of the […]
PDVSA to Divest of Petrolera del Cono Sur In Argentina
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â A group of Argentina businessmen plan to buy the assets of Petrolera del Cono Sur, a subsidiary of PDVSA in Argentina. The assets […]
Value of Bolivian Gas Exports Up 867%
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â Bolivia’s natural gas exports reached $3.771 billion in 2015, up 867 percent compared to just $390 million in 2003, reported the daily newspaper […]
Bolivia to Send Energy from Santa Cruz to Beni
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â Bolivia’s National Electricity Company plans to send energy from Santa Cruz to MarbĂĄn del Beni to benefit communities in the area. Energy from […]
Enarsa to Import Gas From Chile
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â Argentina’s state oil company Enarsa signed a contract to purchase natural gas from Chile at a price 53 percent higher than the LNG […]
Lawmaker Wants Investigation into Brazil-Bolivia Deals
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â Brazil’s Vice President of Foreign Affairs and Deputy in the Brazil National Defense Chamber of Brazil Luis Carlos Auli announced he wants an […]
Venezuela, Trinidad Sign Energy-Related Deals
(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) â Venezuela’s President Nicolas Maduro and Trinidad and Tobago’s Prime Minister Keith Rowley were both present during an energy-related signing ceremony in Port […]
Lawmakerâs Suggests Resignation of Minister Linked to Petrobras Scandal
(Energy Analytics Institute, Jared Yamin, 23.May.2016) â Brazilian lawmaker Pauderney Avelino, from Brazil’s lower chamber, said Planning Minister Romero JucĂĄ under the interim government of Michel Temer should resign due […]
Alfa Assumes $1 Bln Loss in Pacific E&P
(Energy Analytics Institute, Jared Yamin, 21.May.2016) â Mexican conglomerate Alfa considers its entire $1 billion in investment in Pacific Exploration & Production — the Canadian oil company with operations in […]
ExxonMobil Reports Significant Oil Discovery Offshore Guyana
(Exxon Mobil, 20.May.2016) â Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso […]
Bolivia Exported 24 MMcm/d to Brazil
(Energy Analytics Institute, Jared Yamin, 19.May.2016) â Bolivian exports to Brazil reached 24 million cubic meters per day on May 12, 2016 compared to 30 million cubic meters per day […]
Chile Started Gas Exports to Argentina
(Energy Analytics Institute, 18.May.2016) â Chile shipped its first molecules of natural gas to Argentina on 17 May 2016, owing to an agreement between both governments and the French-Belgian company […]
Rousseff Issues Will Not Affect Gas Deals
(Energy Analytics Institute, Jared Yamin, 18.May.2016) â The political situation that is affecting Brazil with the suspension of its President Dilma Rousseff will not affect negotiations with Bolivia regarding a […]
Sembcorp Unit Completes Repair Job at Brazil Yard
(Sembcorp Marine Ltd., 18.May.2016) â Singapore’s Sembcorp Marine Ltd. announced that its wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz (EJA) has marked a key operational milestone with the successful completion of […]
Former Lula Minister Sentenced to Jail in Petrobras Case
(Energy Analytics Institute, Jared Yamin, 18.May.2016) â Former Brazilan Minister JosĂ© Dirceu was sentenced to a 23-year, 3-month prison term due to his presumed involvement in the Petrobras corruption scandal. […]
Harvest Natural Resources Announces 1Q:16 Results
(Harvest Natural Resources, Inc., 17.May.2016) â Harvest Natural Resources, Inc. announced 2016 first quarter earnings and provided an operational update. Harvest reported a first quarter net loss of approximately $14.1 […]
Petrobras Signs Contracts for Marlim, Voador Fields
(Petrobras, 17.May.2016) â Petrobras signed an extension of the concession contracts for the Marlim and Voador fields with the National Petroleum Agency (ANP) until 2052. The Production Phase of the […]
Petrobras Issues $6.75 Billion in Global Notes
(Petrobras, 17.May.2016) â Petrobras issued $6.75 billion of 5 and 10 year Global Notes through its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The transaction was priced on May 17, […]
Petro San FĂ©lix Cos Study Swapping Coke
(Energy Analytics Institute, Piero Stewart, 16.May.2016) â A number of international and national coke processing companies visited the Petro San FĂ©lix solids terminal located in the JosĂ© Antonio AnzoĂĄtegui Industrial […]
PDVSA Increases Food Card Stipend to Bs. 38,000 per Month
(Energy Analytics Institute, Jared Yamin, 14.May.2016) â PDVSA increased the food card stipend to its workers by 100 percent to 38,000 Venezuelan bolivars per month, reported the daily newspaper Panorama, […]
Approval of Sale of Petrobras Argentina
(Petrobras, 13.May.2016) â Petrobras announced that its Board of Directors approved the sale of its entire 67.19 percent interest in Petrobras Argentina (PESA), owned by Petrobras Participaciones S.L. (PPSL), to […]
Gasoline Chip Reaches 84% of Auto Park in Maracaibo
(Energy Analytics Institute, Jared Yamin, 13.May.2016) â An estimated 84 percent of Venezuelaâs auto park in Maracaibo contains the special TAG gasoline chip, reported the daily Panorama, citing Infrastructure Secretary […]
Petrobras on Sale of Nova Transportadora do Sudeste
(Petrobras, 13.May.2016) â Petrobras, further to the notice published on February 26, 2016 regarding the sale of Nova Transportadora do Sudeste (NTS), announced the company’s Executive Board has approved exclusive […]
Ecuador to Investigate Officials for Possible Fraud
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) â A number of public officials are under investigation for irregularities related to declaration of goods and links with companies created in tax […]
La Libertad Refinery Fire Controlled With No Injuries
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) â A fire at the Parson plant of the La Libertad refinery, located in the Santa Elena province, was controlled within five minutes. […]