ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

CGG Lands Anadarko Seismic Deal in Colombia

(CGG, 19.Mar.2015) – France’s CGG has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation to acquire and process a 6,299-square mile (16,314square kilometers) 3D seismic survey on […]

Loma Campana Shale Hits Stride In Argentina

Petrobras Breaks Record in Sergipe-Alagoas Basin

(Petrobras, 18.Mar.2015) – Petrobras set a new national record, drilling under a water column (distance between the water surface and the seabed) of 2,990 meters. This was achieved in February […]

Bolivia Wants to Build Relations with the USA

(Energy Analytics Institute, Ian Silverman, 15.Mar.2015) – We want to build relations with the United States based on respect, announced Bolivia’s Vice President Alvaro García Linera. “When we got into […]

Pacific Rubiales, Ecopetrol Extend Contract

(Pacific Rubiales Energy Corp, 14.Mar.2015) – Pacific Rubiales Energy Corp. and Ecopetrol, S.A. have agreed not to extend the Rubiales and Pirirí Field Association Contracts, expiring in June 2016 . […]

USA Downplays Reducing Venezuela Oil Imports

(Energy Analytics Institute, Jared Yamin, 13.Mar.2015) – The United States is not contemplating applying any measures against Venezuela’s petroleum sector, according to the daily newspaper El Universal, citing an U.S. […]

Petrobras Receives $157 Mln via “Operação Lava Jato”

(Petrobras, 13.May.2015) – Petrobras CEO Aldemir Bendine participated in a ceremony to return to Petrobras sums recovered through the Federal Police’s “Operação Lava Jato” anti-corruption investigation. At the event, a […]

Owens-Illinois Wins Venezuelan Arbitration

(Owens-Illinois, Inc., 12.Mar.2015) – Owens-Illinois, Inc. reported that its Dutch subsidiary, OI European Group B.V. (OIEG), has prevailed in an international arbitration against Venezuela. OIEG has been awarded more than […]

Gran Tierra Provides Business, Ops Update

(Gran Tierra Energy Inc., 12.Mar.2015) – Gran Tierra Energy Inc. announced cost reductions in line with its strategy to preserve its strong balance sheet and maximize potential for future growth. […]

Petrobras Early Production System in Buzios Field

(Petrobras, 12.Mar.2015) – On March 10, 2015 Petrobras started up its early production system in the Santos Basin’s Buzios field. This will be the first large-scale long-term production run in […]

Colombia Inaugurates Electric Charging Station

(Energy Analytics Institute, Piero Stewart, 10.Mar.2015) – Colombia inaugurated its first electronic car charging station in Bogotá. The station will be located in the Unicentro Mall and will offer service […]

Latin America and the Caribbean

BPZ Begins Voluntary Chapter 11 Proceeding

(BPZ Resources, Inc., 9.Mar.2015) – BPZ Resources, Inc. announced that it has filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Texas seeking relief […]

Venezuela Opening Ops to Nicaragua, Caribbean

(Energy Analytics Institute, Piero Stewart, 9.Mar.2015) – “We are advancing with Nicaragua and opening up possibilities to the rest of the Caribbean,” said Venezuela’s Oil Minister Asdrubal Chavez on state […]

Maduro Says Caribbean Must be Together

(Energy Analytics Institute, Piero Stewart, 6.Mar.2015) – Venezuela’s President Nicolas Maduro says the Caribbean region has to always be together. “Petrocaribe is our road of respect, solidarity, brotherhood, the union […]

Petrobras Reports on Appointment of Plaintiff

(Petrobras, 6.Mar.2015) – Petrobras announces that on March 4, 2015, the presiding judge appointed Universities Superannuation Scheme, Ltd. as the lead plaintiff in the Class Action filed against Petrobras in […]

Ecopetrol Board Appoints Echeverry as CEO

(Ecopetrol, 6.Mar.2015) – Ecopetrol announces that its Board of Directors appointed Mr. Juan Carlos Echeverry as the new CEO of the company, effective April 6, 2015. With extensive knowledge of […]

Venezuela Financial Scheme for Uruguayan Oil

(Energy Analytics Institute, Jared Yamin, 3.Mar.2015) – Venezuela announced a financing scheme for oil shipments to Uruguay, according to a decree revealed on March 2, 2015 in Venezuela’s Official Gazette […]

Moody’s Comments on Braskem

(Global Credit Research, 3.Mar.2015) – Moody’s Investors Service comments that Braskem S.A. announcement of a third extension of its naphtha supply contract with Petroleo Brasileiro S.A. (Petrobras) is credit negative […]

BPZ Repayment of Convertible Bond Principal

(BPZ Resources, Inc., 2.Mar.2015) – BPZ Resources, Inc. announced it will exercise a provision under the bond indenture for the 6.5% Convertible Notes due March 1, 2015. The bond has […]

Petrobras Contract with Independent Auditor

(Petrobras, 2.Mar.2015) – Petrobras announces that its Board of Directors, on a meeting on February 27, has approved a contract with PricewaterhouseCoopers Auditores Independentes for the provision of accounting audit […]

Latin America and the Caribbean

Technip Wins Lula Alto Contract In Brazil

(Technip S.A., 2.Mar.2015) – Technip was awarded a major contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65% WI), BG (25% WI) and Galp (10% WI), […]

Petrobras Reveals Divestement Plan Review

(Petrobras, 2.Mar.2015) – Petrobras announced that its Executive Board, on a meeting on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. Divestitures total $13.7 billion, and include […]

Ecopetrol Releases 4Q:14, YE:14 Results

(Ecopetrol S.A., 2.Mar.2015) – Ecopetrol announces its results for the fourth quarter of 2014 and the full year 2014. – Net proven reserves of crude oil, condensate and natural gas […]

Guyana Suggest Venezuela Desist Actions

(Guyana Foreign Affairs Ministry, 28.Feb.2015) – Guyana’s Ministry of Foreign Affairs wishes to inform that consequent upon a communication being sent from the Venezuelan Foreign Minister to the Country Manager […]

Petrobras Credit Rating Downgrade

(Petrobras, 27.Feb.2015) – Regarding the downgrade to Petrobras’ debt rating announced on February 24, 2015 by Moody’s, the company emphasizes that it is working to guarantee the transparent and accurate […]

Harvest Receives Listing Notice from NYSE

(Harvest Natural Resources, Inc., 18.Feb.2015) – Harvest Natural Resources, Inc. announced that on February 13, 2015, the company received notification from the New York Stock Exchange (NYSE) that it had […]

Chevron Reaches Settlement in Ecuador

(Chevron, 6.Feb.2015) – Chevron Corporation reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador. Chevron brought claims against DeLeon in […]

Petrobras Names New CEO, Executive Officers

(Petrobras, 6.Feb.2015) – Petrobras informs that its Board of Directors, in a meeting, has approved with majority vote the election of Aldemir Bendine as CEO of Petrobras replacing the current […]

Moody’s Rates YPF’s Proposed Global Notes

(Global Credit Research, 4.Feb.2015) – Moody’s Investors Service assigned a Caa1 global foreign currency rating to YPF Sociedad Anonima’s (YPF)’s proposed $750 million in aggregate in addons to its outstanding […]

Petrobras Reports New Campos Basin Find

(Petrobras, 4.Feb.2015) – Petrobras announced the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin postsalt layer. The discovery was made while drilling […]

Gran Tierra Announces YE:14 Reserves

(Gran Tierra Energy Inc., 2 Feb.2015) – Gran Tierra Energy Inc. announced the results of an independent reserve evaluation of the company’s reserves by Gran Tierra Energy’s qualified reserve evaluator […]

Gran Tierra Announces Changes to Board

(Gran Tierra Energy Inc., 2.Feb.2015) – Gran Tierra Energy announced that the employment of its Chief Executive Officer and President Mr. Dana Coffield has been terminated. Coffield tendered his resignation […]

Harvest Withdraws Venezuelan Arbitration Request

(Harvest Natural Resources, 29.Jan.2015) – Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have withdrawn without prejudice a Request for […]

Apco Completes $470 Mln Merger

(Apco Oil and Gas International Inc., 29.Jan.2015) – Apco Oil and Gas International Inc. completed its merger with Pluspetrol Black River Corporation, a wholly-owned subsidiary of Pluspetrol Resources Corporation, in […]

WPX Completes Exit of International Interests

(WPX Energy Inc., 29.Jan.2015) – WPX Energy completed the disposition of its international interests upon the successful merger of Apco Oil and Gas International (APAGF) with a subsidiary of privately […]

Ecuador’s Interior Minister to Meet US Officials to Discuss Initiatives

Source: MNRNR

Apco Shareholder’s Approve Pluspetrol Merger

(Apco Oil and Gas International Inc., 26.Jan.2015) – Apco Oil and Gas International Inc. announced that its shareholders, at an extraordinary general meeting held on January 26, 2015, approved the […]

BPZ Reports New Output from Albacora Well

(BPZ Resources, Inc., 22.Jan.2015) – BPZ Energy provided initial production rates from the Albacora A-27D development well at offshore Block Z-1. The company holds a 51% participation in Block Z-1 […]

Caribbean Rex Finds Oil In Trinidad

(Rex International Holding Ltd., 21.Jan.2015) – Rex International Holding Limited (Rex International Holding or the Company, and together with its subsidiaries, the Group), one of the largest companies listed on […]

Mood’s Downgrades Construtora Andrade Gutierrez

(Global Credit Research, 21.Jan.2015) – Approximately $500 million of rated debt affected. Moody’s Investors Service (Moody’s) downgraded to Ba2 from Ba1 the corporate family rating assigned to Construtora Andrade Gutierrez […]

Gran Tierra Completes Drilling in Peru

(Gran Tierra Energy Inc., 20.Jan.2015) – The Bretaña Sur appraisal well completed drilling operations on the L4 lobe on the Bretaña field and encountered approximately six feet of oil pay […]

Gran Tierra Comments on South America Output

(Gran Tierra Energy Inc., 20.Jan.2015) – Gran Tierra Energy Inc. said crude oil and natural gas production from continuing operations averaged approximately 25,200 barrels of oil equivalent per day (BOEPD) […]

Gran Tierra Updates on Chaza Block Activities

(Gran Tierra Energy Inc., 20.Jan.2015 – Gran Tierra Energy Inc. provides an operations update on its activities in the Chaza Block in the Putumayo Basin in Colombia. The Eslabón Sur […]

Gran Tierra to Drill Putumayo-1 Block Well

(Gran Tierra Energy Inc., 20.Jan.2015 – Gran Tierra Energy Inc. provided an operations update on its activities in Colombia. Work continues at the Vonu-1 exploration well location, which will target […]

Harvest Files Arbitration Request Against Venezuela

(Harvest Natural Resources, 16.Jan.2015) – Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), submitted a Request for Arbitration against the […]

McDermott to Install Pemex’s Ayatsil Platform

(McDermott International, Inc., 6.Jan.2015) – McDermott International, Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y […]

Apco Obtains Concession Extension in Argentina

(Apco Oil and Gas International Inc., 6.Jan.2015) – Apco Oil and Gas International Inc. announced that the Argentine province of Rio Negro has agreed to extend the concession term for […]

Harvest Terminates Venezuelan Deal

(Harvest Natural Resources, 2.Jan.2015) – Harvest Natural Resources, Inc. announced that the Share Purchase Agreement (SPA) between Petroandina Resources Corporation N.V. (Petroandina), Pluspetrol Resources Corporation B.V. (Pluspetrol), Harvest and HNR […]

Sierra Oil & Gas Announces Commitment of $525 million

(Sierra, 18.Sep.2014) — Sierra Oil & Gas S. de R.L. de C.V., Mexico’s first independent exploration and production company, today announces that it has secured equity commitments of US$525 million. […]

Venezuela Sees US shale Boom As Bonus

(Reuters, Dmitry Zhdannikov, 16.Jun.2014) — Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas […]