(Reuters, 27.Apr.2020) — Mexico’s state oil firm Pemex on Monday detailed measures aimed at mitigating the effects of a steep drop in oil prices, saying it would prioritize lower-cost production...
(Reuters, 26.Apr.2020) — Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos...
(Oilprice.com, 25.Apr.2020) — Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia,...
(Energy Analytics Institute, 24.Apr.2020) — Ecuador appointed engineer Jose Luis Peña Arteaga as the country’s new vice minister of electricity and alternative energies. The official assumed the responsibilities after compliance...
(YPF, 24.Apr.2020) — YPF SA announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019, with the US Securities and Exchange...
(CPFL, 24.Apr.2020) — CPFL Energia announces that its 2019 20-F Form annual report has been filed with the U.S. Securities and Exchange Commission on April 24, 2020 and is available...
(Moody’s 24.Apr.2020) — Moody's Investors Service assigned a Baa3 rating to Ecopetrol S.A.'s proposed new global notes. The Baa3 rating on the proposed notes is based on the rating of...
(Reuters, 23.Apr.2020) — Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by a collapse in global...
(Reuters, 23.Apr.2020) — Mexican state oil company Pemex has declared force majeure over fuel imports from its trading arm PMI Comercio Internacional, two sources with knowledge of the decision said...
(Bloomberg, 23.Apr.2020) — Mexico, the largest recipient of U.S. gasoline exports, is seeking to cancel imports of the fuel from at least one U.S. company amid the rippling effects of...
(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day Cardon refinery, which is necessary...
(Total, 23.Apr.2020) — Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude...
(Oilprice.com, 23.Apr.2020) — On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down operations in the country. The...
(S&P Global Platts, 22.Apr.2020) — Mexico announced a Peso 622.56 billion ($25.5 billion) package on Wednesday that will help the nation face the economic consequences of the coronavirus pandemic, with...
(Cameron LNG, 22.Apr.2020) — Sempra LNG, a subsidiary of Sempra Energy, announced that Cameron LNG has entered the final commissioning stage for the Phase 1, three-train liquefaction-export project in Hackberry,...
(Talos, 22.Apr.2020) — Talos Energy Inc. intends to release first quarter 2020 results for the period ended March 31, 2020 on Wednesday 6 May 2020 after the U.S. financial market...
(Stabroek News, 22.Apr.2020) — Thirty-four companies have submitted expressions of interests (EOIs) to market Guyana’s entitlement from the Exxon-operated Liza Destiny FPSO in the Stabroek Block, offshore Guyana. The companies...
(Reuters, 22.Apr.2020) — Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration cracks down on money going...
(Ecopetrol, 22.Apr.2020) — Ecopetrol S.A. informs the ordinary General Shareholders’ Meeting, held on 7 March 2020, approved the earnings distribution proposal presented for their consideration, which establishes the distribution of...
(Core Lab, 22.Apr.2020) — Core Laboratories N.V. reported that continuing operations resulted in first quarter 2020 revenue of $152,400,000. The financial results for the first quarter of 2020 include a...
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow as U.S. President Donald Trump...
(Reuters, 21.Apr.2020) — More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions...
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling...
(MiX, 21.Apr.2020) — MiX Telematics confirmed that one of Brazil's largest ethanol and sugar producers have appointed MiX Telematics to assist in modifying driver behavior and reducing vehicle collisions. The...
(Jamaica Gleaner, 21.Apr.2020) — The Trinidad and Tobago Government Tuesday urged nationals not to panic as the oil-and-gas-rich country prepared to count the possible loss of billions of dollars in...
(Ecopetrol, 20.Apr.2020) — Ecopetrol S.A. announced filing of its annual report under Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the...
(Trinidad Express, 20.Apr.2020) — History was created on the global oil market today when the price of the US benchmark, West Texas Intermediate, plunged into negative territory for the first...
(Argus, 19.Apr.2020) — Raizen has suspended operations at its 110,000 b/d Buenos Aires refinery in response to the plunge in oil demand caused by coronavirus restrictions. Raizen, a joint venture...
(Petrobras, 17.Apr.2020) — Petrobras, following up on the press release disclosed on 3 February 2020, announces that it has started the binding phase referring to the sale of its entire...
(Petrobras, 17.Apr.2020) — Petrobras announces the rating agency S&P Global Ratings affirmed the ”BB-” global scale rating for Petrobras, with a stable outlook. The stand-alone credit profile remained at "bb",...
(Jamaica Gleaner, 17.Apr.2020) — Picture soaring sky-scrapers with glistening glass windows adorning cathedrals of steel that dominate the illuminated skyline. This image encapsulates the dreams of many developing countries which...
(Reuters, 17.Apr.2020) — Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive...
(Fitch Ratings, 17.Apr.2020) — Fitch Ratings has downgraded the international Foreign- and Local-Currency Long-Term ratings for Petroleos Mexicanos (PEMEX), Comision Federal de Electricidad (CFE), Infraestructura Energetica Nova, S. A. B....
(Moody’s, 17.Apr.2020 — Moody's Investors Service (Moody's) downgraded Petroleos Mexicanos' (PEMEX) senior unsecured ratings on the company's existing notes, as well as the ratings based on PEMEX's guarantee, to Ba2...
(Reuters, 17.Apr.2020) — Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive...
(Energy Analytics Institute, Jared Yamin, 16.Apr.2020) — Wood Mackenzie senior analyst Daniel Toleman comments on Arrow Energy's announcement on the sanction of the Surawat Gas Project. "Shell taking FID on...
(Reuters, 16.Apr.2020) — The head of Mexico's powerful oil regulator said state oil firm Pemex could seek new joint venture partnerships soon, despite President Andres Manuel Lopez Obrador's decision to...
(Gran Tierra, 16.Apr.2020) — Gran Tierra Energy Inc. announced a business update regarding the Company's proactive measures taken to protect its financial strength in response to the large decrease in...
(Zahroof, 16.Apr.2020) — Zahroof Valves, Inc. (ZVI) appointed Larry Lapko as Director of Business Development and Rodger Duke as its Regional Director, Latin America (LATAM). Mr. Lapko will spearhead ZVI's...
(WoodMac, 16.Apr.2020) — On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia's crude export...
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it...
(Chevron, 16.Apr.2020) — Chevron Corporation announced its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and...
(Wärtsilä Corp., 15.Apr.2020) — The technology group Wärtsilä has been awarded full engineering, procurement, and construction (EPC) contracts for two power plants in Latin America. Wärtsilä will also operate and...
(Argus, 15.Apr.2020) — Venezuelan state-owned PdV's failed effort to restart its 140,000 b/d El Palito refinery is aggravating a fuel deficit that is sparking sporadic protests by frustrated drivers even...
(Bloomberg, 15.Apr.2020) — Argentina registered to issue more than $50 billion in new debt as it prepares to make a painful restructuring offer to holders of its sovereign bonds. The...
(Energy Analytics Institute, Aaron Simonsky, 15.Apr.2020) — Brazil’s state oil company Petrobras releases its 2019 tax report, showcasing its economic and social contributions. © Energy Analytics Institute (EAI). All Rights...
(Fitch Ratings, 15.Apr.2020) — Fitch Ratings has downgraded Mexico's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'BBB-' from 'BBB'. The Rating Outlook is Stable. KEY RATING DRIVERS The economic...
(Argus, 15.Apr.2020) — Ecuador's oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude...
(Reuters, 15.Apr.2020) — Brazil’s state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara...
(Argus, 15.Apr.2020) — Ecuador's oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude...
(Stabroek News, 14.Apr.2020) — Before we approve Payara and Hammer-head, let’s renegotiate the contract to include control of how much oil is being pumped given market conditions. Dear Editor, Many...
(Echo Energy, 14.Apr.2020) — Echo Energy updated on its production and operations, and on progress in relation to cost reduction and cash management initiatives to ensure cash flow positive operations...
(Reuters, 14.Apr.2020) — There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator...
(Energy Analytics Institute, Piero Stewart, 14.Apr.2020) — Ecuador will extend the deadline for the submission of offers within the public selection processes for concession of the El Aromo (200 megawatt)...
(Reuters, 13.Apr.2020) — At least one worker at Mexican state oil company Pemex’s Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two...
(Energy Analytics Institute, Piero Stewart, 13.Apr.2020) — Mexico plans to reduce its oil production by 100,000 barrels per day, according to discussions with members of the Organization of Petroleum Exporting...
(GlobalData, 13.Apr.2020) — The Ministry of Mines and Energy (MEM) in Brazil, has indefinitely postponed the national energy generation and transmission auctions that were scheduled for May, 2020. This includes...
(CSI, 13.Apr.2020) — CSI Compressco LP announced that, in light of the current, significant macroeconomic uncertainty resulting from the recent decline in oil prices and the ongoing COVID-19 pandemic, it...
(OPEC, 12.Apr.2020) — The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman,...
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) — Colombia’s state oil company Ecopetrol was forced to halt work at its Barrancabermeja refinery due to the death of an employee due to...
(OPEC, 11.Apr.2020) — The African Petroleum Producers' Organization (APPO) has followed with keen interest the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday 9th April...
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) — Venezuela, not invited to participate in the OPEC+ discussions, continues to support the measures that intend to contribute to the stability of the...
(Reuters, 10.Apr.2020) — Representatives of Venezuela’s private oil service companies have proposed the government loosen restrictions on gasoline imports and sales, as the country faces its worst motor fuel shortages...
(Bloomberg, 10.Apr.2020) — One of the most dramatic global oil production agreements in history has been left hanging on the approval of an unlikely character: Mexican President Andres Manuel Lopez...
(Oilprice.com, 10.Apr.2020) — Argentina’s state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due...
(GlobalData, 10.Apr.2020) — Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also cutting production;...
(Sempra, 10.Apr.2020) — Sempra Energy received all required governmental authorizations for the sale of the company's equity interests in its Peruvian businesses. The sale to China Yangtze Power International (Hongkong)...
(Petrobras, 9.Apr.2020) — Petrobras reports that it has been working to reduce the impacts of the COVID-19 (coronavirus) pandemic on the natural gas chain, since the slowdown in the Brazilian...
(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid...
(AmazonWatch, 9.Apr.2020) — Ecuador’s state-run oil company, EP PETROECUADOR, reported the pipeline bursts of the Trans-Ecuadorian Pipeline (SOTE), the OCP (Oleoducto de Crudos Pesados-Heavy Crude Pipeline), and the Poliducto Shishufindi-Quito...
(Vista, 9.Apr.2020) — Vista Oil & Gas, S.A.B. de C.V. will release its interim consolidated financial statements for the first quarter of 2020 on Tuesday, 28 April 2020. The company...
(Noble, 9.Apr.2020) — Noble Corporation plc announced that its report of drilling rig status and contract information has been updated as of 9 April 2020. The report, titled “Fleet Status...
(Global Business Reports, 9.Apr.2020) — Twenty years ago it was impossible to think about an off-grid natural gas network. Today, Africa can build it with our innovative and efficient technologies,...
(WoodMac, 9.Apr.2020) — Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil...
(OPEC, 9.Apr.2020) — The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, 09 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman,...