ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

Petrobras Seeks Assist of Federal Prosecutors Office

(Petrobras, 28.Apr.2015) – On 24.Apr.2015, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation Car Wash), in which the […]

Moody’s Confirms Petrobras Argentina Notes

(Moody’s, 28.Apr.2015) – Moody’s Latin America Agente de Calificación de Riesgo confirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras Argentina S.A.’s (Petrobras Argentina) $300 million in […]

Petrobras Reports Audited Results for 2014

(Petrobras, 23.Apr.2015) – Petrobras presented a loss of R$21.6 billion for the year 2014, mainly due to an asset impairment charge of R$44.6 billion, a write-down of improperly capitalized additional […]

Wison Delivers Stick Batches to RPLC Project

(Wison Offshore & Marine Ltd., 21Apr.2015) – Wison Offshore & Marine Ltd. announced the delivery of its first batch of stick built for the key modularized components construction of the […]

Baker Hughes Announces 1Q:15 LatAm Results

(Baker Hughes Incorporated, 21.Apr.2015) – Baker Hughes Incorporated announced results for the first quarter of 2015. Latin America revenue was $493 million for the 1Q:15, down $37 million, or 7%, […]

Karoon Confirms Find at Echidna-1 Well

(Karoon Gas Australia Ltd., 21.Apr.2015) – Karoon Gas Australia Ltd. announced that a 699 foot (213 meter) gross oil column has been confirmed in the Echidna-1 exploration well in Block […]

Petrobras Approves Loan for Contracts

(Petrobras, 17.Apr.2015) – Petrobras has approved the following contracts: — R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period. — R$ […]

Petrobras Divestments Exclude Pre-salt Assets

(Petrobras, 15.Apr.2015) – Petrobras’ approved divestment plan does not contain pre-salt assets. As reported in a Material Fact on 2.Mar.2015, Petrobras has approved a divestment plan with a total value […]

Subsea 7 Signs $200 Mln Contract in Brazil

(Subsea 7 S.A., 14.Apr.2015) – Norway’s Subsea 7 S.A. was awarded a contract worth approximately $200 million with a duration of approximately 2-years. “This new contract for Seven Seas maintains […]

Opinion Favors Sale of Ecopetrol Stake in Eléctrica

(Ecopetrol S.A., 14.Apr.2015) – Ecopetrol S.A. announced that pursuant to the procedures required by Law 226 of 1995, the Council of Ministers has issued an opinion in favor of the […]

Ecopetrol Reports on Authorization from Ministry

(Ecopetrol S.A., 14.Apr.2015) – Ecopetrol S.A., as part of the procedures required for keeping available debt alternatives to finance its investment plan, has obtained authorization from the Ministry of Finance […]

Seaway Signs Perla Gas Deal

(Seaway Heavy Lifting, 9.Apr.2015) – Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project gas production platforms complete with […]

Venezuelan Oil Attractive to ‘Imperial Politics’

(Energy Analytics Institute, 8.Apr.2015) – “Venezuela is attractive to imperial politics because of the size of its petroleum reserves,” Venezuela’s Electric Energy Minister Jesse Chacon said in broadcast on state […]

LNG Projects Nixed Amid Low Oil

(Moody’s, 7.Apr.2015) – LNG suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the U.S.A., Moody’s Investors Service […]

CB&I Awarded Tank Contract in Venezuela

(CB&I, 1.Apr.2015) – CB&I was awarded a contract for approximately $60 million for the engineering, procurement, fabrication and construction of storage tanks in Venezuela. “CB&I has a long history in […]

PetroPerú to Skip Contracts for Lotes III and IV

(Energy Analytics Institute, Layla Benitez-James, 1.Apr.2015) – Petroperú will not participate in the licenses contracts for the exploitation of hydrocarbons in Lotes III and IV. The company decided not to […]

ANCAP Says Will Not Reduce Fuel Prices

(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2015) – ANCAP will not reduce fuel prices in April due to the appreciation of the dollar. According to analysts, ANCAP has a margin of […]

Economist Comments on Venezuela Exchange Controls

(Energy Analytics Institute, Ian Silverman, 30.Mar.2015) – “The exchange controls don’t have an economic justification and is used only as a form of political domination,” reported the daily Quinto Día, […]

Venezuela Spends $444 Mln on Electric Projects

(Energy Analytics Institute, Piero Stewart, 31.Mar.2015) – Venezuela’s electric energy sector incurred investments of $444 million and 518 million Venezuelan bolivars in 2014 on three projects in Venezuela’s western region, […]

Venezuela, San Cristobal and Nieves Talk Energy

(Energy Analytics Institute, Piero Stewart, 31.Mar.2015) – Venezuela’s foreign minister Delcy Rodríguez met with San Cristobal and Nieves Prime Minister Timothy Harris to discuss bilateral relations. The official also reviewed […]

Venezuela, Antigua and Barbuda Discuss Energy

(Energy Analytics Institute, Jared Yamin, 31.Mar.2015) – Venezuela’s Foreign Minister Delcy Rodríguez met with Antigua and Barbuda Prime Minister Gaston Browne to discuss bilateral trade and energy matters. Antigua and […]

Petrobras Reports Sale of Assets in Argentina

(Petrobras, 31.Mar.2015) – The Board of Directors of Petrobras Argentina (PESA) approved the sale of all of its assets in the Austral Basin (province of Santa Cruz) to Compañia General […]

Court Enters Default Against Venezuela

(Gold Reserve Inc., 30.Mar.2015) – Gold Reserve Inc. reported on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the $740 million […]

LatAmNRG: Heard on the Street 1Q:15

(Energy Analytics Institute, 30.Mar.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. REGARDING COLOMBIA * A […]

EAI brief: Venezuela’s Asdrúbal Chavez comments on oil diversification

HOUSTON, TEXAS (By Energy Analytics Institute, Ian Silverman, 29.Mar.2015, Words: 50) – “PDVSA has completely diversified its oil markets, conquering spaces in Asia, India, Europe and South America, among others, […]

Commandos Attack Monagas Pumping Station

(Energy Analytics Institute, Piero Stewart, 29.Mar.2015) – PDVSA announced an armed commando group attacked its Tejero Operating Center installations located in the Punta de Mata Eastern Executive Division in Monagas. […]

Ecopetrol Amends Rules, Procedures

(Ecopetrol S.A., 28.Mar.2015) – Ecopetrol S.A. hereby reports that, at the shareholders’ meeting held on March 26, 2015 , the following amendments to the rules and procedures governing our shareholders’ […]

Petrobras’ Board Election

(Petrobras, 27.Mar.2015) – The Petrobras Annual Shareholders’ Meeting scheduled for April 29, 2015 will elect new members of the Board of Directors and Fiscal Council. Petrobras has not yet completed […]

Petrobras’ Withdrawal Plan from Okinawa

(Petrobras, 27.Mar.2015) – Petrobras has decided to initiate its plan for withdrawing from Okinawa, Japan. The plan involves closing down the refining activities of the Nansei Sekiyu refinery (NSS). To […]

Mexico Sweetens Terms to Entice Development

(First Titan Corp., 26.Mar.2015) – As First Titan Corp. targets undervalued energy assets across North America for acquisition and development, Mexico is sweetening its tax terms to help attract energy […]

Terrorist Acts Affect Ecopetrol in 2014

(Energy Analytics Institute, Piero Stewart, 26.Mar.2015) – External issues deprived Ecopetrol of the ability to produce 64,000 barrels per day (b/d) in 2014 as follows: An estimated 28,000 b/d was […]

Venezuelan, Russian Oil Ministers Meet in Moscow

(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela’s Oil Minister Asdrúbal Chávez met with his Russian counterpart Alexander Novak in Moscow. The officials discussed bilateral projects and evaluate the progress […]

Venezuela Seeks Disqualification of ICSID Judges

(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela presented a letter to the ICSID court requesting the dismissal of judge Kenneth Keith. Keith is the president of the arbitration tribunal […]

Ecopetrol Amends Bylaws at Assembly

(Ecopetrol S.A., 26.Mar.2015) – Ecopetrol S.A. hereby reports that, at the Shareholders’ General Assembly held on March 26, 2015, the following changes were made to its bylaws: The following corporate […]

Ecopetrol Still a Solid Company, President Says

(Energy Analytics Institute, Ian Silverman, 26.Mar.2015) – Ecopetrol continues to be a solid company with many growth opportunities in its different business segments, said Ecopetrol’s outgoing president Javier Genaro Gutiérrez […]

Ecopetrol to Pay Dividend to Shareholders

(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – Ecopetrol’s shareholder assembly approved a dividend equivalent to 70 percent of the 7.81 billion peso profit obtained in 2014. The total dividend was […]

Ecopetrol Output Around 725 Mb/d

(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – During the first two months of 2015 Ecopetrol’s production remained around 725 Mb/d primarily due to record production at the Castilla and Chichimene […]

PetroVietnam Evaluates Exit from Venezuela

(Energy Analytics Institute, Jared Yamin 25.Mar.2015) – Vietnam’s state oil company PetroVietnam is evaluating its exit from a Venezuelan heavy oil project where it is partnered with its Venezuelan counterpart […]

Petrobras Reviews Governance

(Petrobras, 25.Mar.2015) – At a meeting on March 24, 2015, Petrobras’ Executive Board gave the go-ahead for a project to review its corporate governance and organizational management model, based on […]

Argentina Seeks to Import 200MW from Bolivia

(Energy Analytics Institute, Ian Silverman, 24.Mar.2015) – Argentina is considering importing 200 megawatts of energy from Bolivia in 2015, announced Bolivia’s President Evo Morales. The official also announced Brazil was […]

Bolivia Aims to Export Energy to Brazil, Peru

(Energy Analytics Institute, Ian Silverman, 24.Mar.2015) – Bolivia is considering exporting energy to Brazil and Peru, reported the daily newspaper La Razón, citing National Electricity Company (ENDE Corporación) National and […]

Montevideo LNG Plant Ready by YE:16

(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – The LNG regasification plant (called ‘GNL del Plata’ in Spanish) in Montevideo, Uruguay is expected to be ready in November of 2016, reported […]

Worries Surround Montevideo LNG Plant

(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – Officials in Uruguay are worried about difficulties that have translated into delays at the Montevideo LNG regasification plant. “Its a very significant project […]

Petrobras Libra Consortium 2nd Extension Well

(Petrobras, 24.Mar.2015) – The Libra consortium has finished drilling extension well 3-BRSA-1267-RJS/3-BRSA-1267A-RJS (3-RJS-735/735A). The drilling results confirmed the presence of a hydrocarbon column approximately 200 meters deep in reservoirs with […]