(Energy Analytics Institute, Aaron Simonsky, 27.Mar.2019) — Heard on the street and LatAmNRG briefs from Argentina on Neuquen hydrocarbon output reaching record levels in February, MicroSoft and YPF signing a...
(Reuters, Marcelo Rochabrun, 26.Mar.2019) — Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South...
(ANI, 25.Mar.2019) — President Ram Nath Kovind on Monday embarked on a state visit to Croatia, Bolivia and Chile to hold talks with the leaders of these countries and strengthen...
(Wintershall, 21.Mar.2019) — Wintershall continued its growth course in Latin America in 2018, the company’s CEO Mario Mehren said during an nnual press conference in Kassel. During the meeting, the...
(Reuters, Vera Eckert, 21.Mar.2019) — BASF’s oil and gas subsidiary Wintershall will boost profitability after its planned merger with rival DEA, drawing on cost cuts from the move, an expansion...
(Sputnik, 20.Mar.2019) — The presidents of Bolivia and Russia will meet in Moscow on 11 July to discuss bilateral cooperation in the gas sector and research of nuclear technologies, Bolivian...
(Reuters, Nidhi Verma and Marianna Parraga, 21.Mar.2019) — India’s Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with...
(Reuters, 21.Mar.2019) — BASF’s oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration...
(IHS Markit, Liquid Bulk Principal Analyst, Maritime & Trade, Fotios Katsoulas, 20.Mar.2019) — With most experts anticipating Venezuela’s output to further decline over the next couple of weeks, PDVSA, the...
(World Oil, 20.Mar.2019) — Margaret Øvrum recalls that investment depends on viability, “With a monopoly, you do not get the right price.” Norwegian Equinor (formerly Statoil), the second largest oil...
(Reuters, 18.Mar.2019) — The Mexican government will invite four companies to bid in a restricted tender to build the new Dos Bocas refinery for state oil company Pemex, Energy Minister...
(Ft.com, 15.Mar.2019) — The International Energy Agency has warned that crude supplies from Venezuela are at risk of falling sharply and becoming a “challenge” for the global the oil market,...
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and...
(Braskem, 13.Mar.2019) — Braskem S.A. announced its results for 4Q18 and 2018. HIGHLIGHTS: Braskem - Consolidated: -- The company posted free cash flow of R$7,068 million, or 187% more than...
(Rowan, 13.Mar.2019) — Rowan Companies plc and Repsol Exploracion Guyana, S.A. signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work in Guyana. The contract...
(IEA, 12.Mar.2019) — Dr Fatih Birol, the IEA’s Executive Director, met with Argentina’s Secretary of Energy Gustavo Lopetegui today at CERA Week in Houston. Following discussions on the IEA’s outlook...
(Energy Analytics Institute, Aaron Simonsky, 12.Mar.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui signed a deal with International Energy Agency (IEA) Executive Director Fatih Birol to create a joint work plan...
(Bloomberg, Javier Blas, 11.Mar.2019) — OPEC officials are scheduled to meet for dinner with senior executives from North America’s booming shale oil industry on the sidelines of CERAWeek by IHS...
(Trinidad and Tobago’s Newsday, Carla Bridglal, 7.Mar.2019) — Balance is aspirational. And these four working women – BPTT regional president Claire Fitzpatrick, vice president for corporate operations Giselle Thompson, regional...
(AP, Scott Smith and Sheyla Urdaneta, 6.Mar.2019) — Marin Mendez leaned a shoulder into his rusty Chevy Malibu, rolling it forward each time the line of cars inched closer to...
(Sigrid Kaag and Carlos Manuel Rodríguez, co-chairs of the NDC Partnership, 6.Mar.2019) — On March 8th, groups around the world will celebrate International Women’s Day, recognizing the achievements of women...
(Reuters, 6.Mar.2019) — Norway’s BW Offshore has won approval from Brazil’s antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official...
(Oilprice.com, Tsvetana Paraskova, 6.Mar.2019) — Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference...
(S&P Global Platts, 5.Mar.2019) — Surpassing Russia, Brazilian crude oil shipments for China’s independent refineries topped the list in February at 2.17 million mt, S&P Global Platts monthly survey showed...
(Energy Analytics Institute, Aaron Simonsky, 28.Feb.2019) — Heard on the street and LatAmNRG briefs on Shell Argentina’s Sean Rooney comments on the productivity of Vaca Muerta, YPFB Foundation training in...
(S&P Global Platts, 28.Feb.2019) — Repsol expects output from around 10 of its new international plays to outweigh any possible declines from Libya and Venezuela and drive it towards its...
(S&P Global Platts, 27.Feb.2019) — Total expects to see its market-leading oil and gas production growth driven by rising deepwater volumes from Brazil and the Gulf of Mexico over the...
(BPTT, 26.Feb.2019) — BP Trinidad and Tobago (BPTT) announced first gas production from its Angelin development. The project was delivered on time and under budget. The Angelin development, originally discovered...
(Oilprice.com, Irina Slav, 26.Feb.2019) — More than eight million barrels of Venezuelan crude oil is sitting in tankers as U.S. sanctions are preventing the country from selling the commodity worth...
(BBC, Jack Goodman, 25.Feb.2019) — The United States has imposed tough sanctions on Venezuela’s oil industry to put pressure on President Nicolás Maduro to step down. Oil dominates Venezuela’s economy,...
(President Energy, 25.Feb.2019) — President Energy plc will today launch an offer for subscription for up to £6.5 million by the issue of up to 81,250,000 new ordinary shares at...
(Wintershall, 25.Feb.2019) — A new Managing Director in Argentina is expected to be appointed after the closing of the upcoming merger between Wintershall and DEA Deutsche Erdöl AG Change of...
(Reuters, 23.Feb.2019) — Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday,...
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 23.Feb.2019) — Argentina, Bolivia and Chile hold the largest lithium resources in the world and consequently in the Latin America and Caribbean...
(Petroleum Economist, Charles Waine, 22.Feb.2019) — Despite severe US sanctions, President Maduro is standing firm. But how long can the political impasse last while oil production continues to decline? Venezuela...
(Eco Oil & Gas, 20.Feb.2019) — Eco (Atlantic) Oil & Gas Ltd., along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V....
(Touchstone, 19.Feb.2019) — Touchstone Exploration Inc. intends to complete a private placement directed towards United Kingdom institutional investors. The company expects to raise gross proceeds of £3.8 million (approximately C$6.5...
(CNN, Matt Egan, 19.Feb.2019) — US sanctions on Venezuela’s national oil company have accelerated the unprecedented collapse of its oil output and set off a domino effect in the global...
(Reuters, Tatiana Voronova, 17.Feb.2019) — Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk...
(Reuters, Stephen Jewkes, 15.Feb.2019) — Italian major Eni said it intends to expand in the Middle East after a spree of deals in the Gulf last year, pressing ahead with...
(Reuters, Julia Payne, 15.Feb.2019) — Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with...
(Argus, 13.Feb.2019) — Shell is making its first foray into Brazilian power generation with a ground-breaking project that will use natural gas from the country´s extensive offshore pre-salt deposits. The...
(Reuters, 12.Feb.2019) — Eight Argentine biodiesel producers will be allowed to export to the European Union without paying duties as long as they sell at a set minimum price, the...
(Reuters, Julia Payne, 11.Feb.2019) — Swiss authorities are assisting Brazilian prosecutors in their investigation into an alleged corruption scheme involving global commodity trading firms Vitol, Glencore and Trafigura, a spokesman...
(Reuters, Andrei Khalip, 11.Feb.2019) — Portuguese oil company Galp said on Monday it expects higher crude output, refining margins and efficiency gains to deliver a steep rise in 2020 and...
(Industrial Info, 11.Feb.2019) — Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela’s oil industry January 28. But those...
(Reuters, Corina Pons, Marianna Parraga, 9.Feb.2019) — Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at...
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
(Axios, Steve LeVine, 8.Feb.2019) — On the coast of South America, just north of Brazil, lies the impoverished former British colony of Guyana, distantly remembered for a bizarre mass suicide...
(ExxonMobil, 6.Feb.2019) — The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 is the fourth discovery in...
(Reuters, 5.Feb.2019) — Venezuelan state oil company PDVSA’s principal amount of debt to Russian oil producer Rosneft stood at $2.3 billion at the end of the fourth quarter, down from...
(BPTT, Claire Fitzpatrick, 4.Feb.2019) — Sponsor’s remarks from BPTT’s Regional President Claire Fitzpatrick during the Trinidad and Tobago Energy Conference held in Port of Spain, Trinidad. SALUTATIONS -- Dr. The...
(Bloomberg, Jose Enrique Arrioja, Nick Wadhams, and Anna Edgerton, 4.Feb.2019) — Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as...
(Wood Mackenzie, 2.Feb.2019) — The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have...
(Hunt Oil, 2.Feb.2019) — Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) is part of the Camisea Consortium and holds a 25.2% interest in the License Contracts related...
(Energy Analytics Institute, Aaron Simonsky and Pietro D. Pitts, 1.Feb.2019) — Brazil’s state oil company Petrobras and consortium partners including subsidiaries of Royal Dutch Shell plc and Galp Energia commenced...
(Weatherford, 1.Feb.2019) — Weatherford International plc released operational highlights from the Western Hemisphere during the quarter, including highlights on Colombia and Mexico. -- A major operator in Colombia awarded Weatherford...
(Reuters, 30.Jan.2019) — More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the...
(CNN, Matt Egan, 29.Jan.2019) — The United States and Venezuela are going through a painful divorce that will have sweeping consequences for the global oil industry. US oil prices surged...
(CNN, Jack Guy, 29.Jan.2019) — Thousands took to the streets in Venezuela last week to demand the resignation of president Nicolas Maduro. Amid the protests, opposition leader Juan Guaidó declared...
(Reuters, Mitra Taj and Michael Nienaber, 28.Jan.2019) — When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening...
(Jamaica Gleaner, 25.Jan.2019) — Russia, China, Iran, Syria, and Cuba have come down on one side. The United States, Canada, and countries in Western Europe are on the other. As...
(Energy Analytics Institute, Aaron Simonsky, 25.Jan.2019) — Argentina could return to exporting biofuels to Europe starting in mid-February 2019. The finally decision depends on the outcome of negotiations being carried...
(Bloomberg, Tina Davis and Javier Blas, 23.Jan.2019) — Will there be two OPEC presidents now? With Venezuela boasting two proclaimed heads of state, it’s worth remembering that the nation with...
(Department of Public Information, Synieka Thorne, 22.Jan.2019) — Consolidated Supply Management (CSM) and Danco Logistical Contractors Incorporated have announced the merger of their resources to create Guyana’s third shore base...
(Wood Mackenzie, 21.Jan.2019) — Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering...
(Mainstream Renewable, 16.Jan.2019) — Mainstream Renewable Power announced closure of a new €90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt...
(Oilprice.com, Matthew Smith , 14.Jan.2019 ) — The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global...
(Energy Analytics Institute, Ian Silverman and Aaron Simonsky, 11.Jan.2019) — Heard on the street and LatAmNRG briefs on Caribbean FLNG’s arrival date to Argentina; Repsol E&P Bolivia and YPFB report...
(Reuters, 8.Jan.2019) — Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had...
(AFP, 7.Jan.2019) — French oil company Maurel & Prom will invest $400 million in an oil field in Venezuela, whose production is in free fall, President Nicolas Maduro said on...
(Energy Analytics Institute, Piero Stewart, 7.Jan.2019) — Venezuela’s Oil Minister and PDVSA President Manuel Quevedo announced that the state oil company had signed an investment agreement with the French company...
(T&T Energy Chamber CEO Thackwray ‘Dax’ Driver, 6.Jan.2019) — Trinidad & Tobago’s energy sector is predicted to make a modest recovery in 2019, on the back of increased natural gas...
(Power Technology, 2.Jan.2019) — German-based financial services company Kreditanstalt für Wiederaufbau (KfW) IPEX-Bank has agreed to provide financing for four power grid projects in Chile. Under the agreement, KfW IPEX-Bank...
(Scania, 28.Dec.2018) — In November, TransMilenio in Bogotá, selected Scania to deliver 481 Scania Euro 6 gas buses – the cleanest and most silent buses on the market. In the...