PetroAmazonas Boosted Output 4% In 2019
(Energy Analytics Institute, Piero Stewart, 3.Jan.2019) — Ecuador’s state oil company PetroAmazonas EP boosted its production of crude oil by 4% in 2019, according to the country’s Ministry of Energy...
Ecuador Producing 537,689 Barrels Per Day
(Energy Analytics Institute, Piero Stewart, 2.Jan.2019) — South America’s Ecuador is producing 537,689 barrels per day of crude oil, the country’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR) announced...
Ecuador Officially Exits OPEC
(Energy Analytics Institute, Piero Stewart, 2.Jan.2020) — Ecuador officially exited the Organization of Petroleum Exporting Countries or OPEC, effectively 1 January 2020. The small South American country plans to divert...
IMO 2020 May Slow Ecuador Loan Repayment
(Argus, 30.Dec.2019) — Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador's repayment of its oil-backed debt and limit availability for spot...
EP PetroEcuador Ends Bajo Alto Plant Maintenance
(Energy Analytics Institute, Piero Stewart, 26.Dec.2019) — A scheduled stoppage at the Bajo Alto Natural Gas Liquefaction Plant located in the El Guabo in the province of El Oro concluded...
EP PetroEcuador Ends Stoppage At Shushufindi
(Energy Analytics Institute, Piero Stewart, 25.Dec.2019) — EP PetroEcuador initiated start-up activities on 25 December 2019 at the Crude Unit 2 (R2) of the Shushufindi Refinery, located in the province...
EP PetroEcuador To Invest $700,000 In Pipe Replacement
(Energy Analytics Institute, Piero Stewart, 22.Dec.2019) — EP PetroEcuador announced that technicians from the company will carry out installation of a new 5.6-kilometer stretch of pipeline tubing that transports Cutter...
Shushufindi-Quito Pipeline Repairs Finished
(Energy Analytics Institute, Piero Stewart, 21.Dec.2019) — Ecuador's state oil company EP PetroEcuador announced completion of repair work at the Shushufindi-Quito Poly-duct Pipeline within 24 hours of the initial stoppage....
Operations Halted At Shushufindi-Quito Pipeline
(Energy Analytics Institute, Piero Stewart, 20.Dec.2019) — Operations at the Shushufindi-Quito poly-duct pipeline have been halted due to a fissure detected in the Baeza sector, which lead to the spill...
Lukoil Pan Americas Wins Naphtha Ron 85 Tender
(Energy Analytics Institute, Piero Stewart, 20.Dec.2019) — EP PetroEcuador awarded Lukoil Pan Americas Llc a contract to import 1,770,000 barrels of Naphtha Ron 85, a mixing component in the production...
Trafigura Awarded Premium Diesel Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 16.Dec.2019) — EP PetroEcuador awarded Trafigura Pte. Ltd. a contract to import of 3,360,000 barrels +/- 2% of Premium Diesel. The fuel will be imported...
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2020...
EP PetroEcuador, Freepoint Ink Fuel Oil Deal
(Energy Analytics Institute, Piero Stewart, 29.Nov.2019) — EP Petroecuador awarded the export of 380,000 barrels of Fuel Oil No. 4 to Freepoint Commodities LLC. Freepoint won the contract by presenting...
EP PetroEcuador, Glencore Ink Cutter Stock Deal
(Energy Analytics Institute, Piero Stewart, 28.Nov.2019) — Ecuador’s state oil and gas company EP Petroecuador awarded Glencore Ltd. a contract to import 1,050,000 barrels of Cutter Stock. Glencore won the...
Ecuador’s New Minister Eyes $6.9bn In Investments
(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister José Agusto announced the South American country continues with plans for another bid round, while he added the country...
Ecuador Inaugurates Galapagos Photovoltaic Plant
(Energy Analytics Institute, Piero Stewart, 21.Nov.2019) — An energy storage system comprised of batteries of 2.2 megawatt hours was inaugurated on 21 Nov. 2019 on the island of San Cristobal,...
Ecuador Names New Energy Minister
(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its...
GeoPark Announces All-Cash Deal With Amerisur
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador...
Ecuador Oil Minister Resigns
(Reuters, 12.Nov.2019) — Ecuadorean Oil Minister Carlos Perez on Tuesday announced his resignation in what he called a personal decision to spend more time with his family, weeks after the...
Ecuador’s Block 43 ITT Output Above 86.6 Mb/d
(Energy Analytics Institute, Piero Stewart, 1.Nov.2019) — Production from Ecuador’s Block 43 ITT (Ishipingo, Tiputini, Tambococha), exceeded 86,618 barrels per day of oil on 31 Oct. 2019. At this level...
LatAmNRG Ecuador Briefs: Force Majeure Lifted
(Energy Analytics Institute, Piero Stewart, 20.Oct.2019) — Heard on the street and LatAmNRG briefs related to EP PetroEcuador lifting force majeure and the programmed stoppage at the Esmeraldas Refinery. PetroEcuador...
Ecuador Resumes Exports After Protests
(Reuters, 20.Oct.2019) — Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced it to declare a force...
Bolivia Crippled As Leftist Leader Faces Vote
(Bloomberg, Peter Millard, 14.Oct.2019) — For two years, Bolivia pushed to boost natural gas production, a longtime key to its prosperity, by drilling for new discoveries on its southeastern lowlands....
Fuel Supplies Restart In Ecuador’s Carchi Province
(Energy Analytics Institute, Piero Stewart, 12.Oct.2019) — The fuel supply in the province of Carchi has restarted with the arrival of 12 petrol tankers with extra and premium diesel produced...
Ecuador Halts SOTE Over Protests, Eyes Force Majeure
(Reuters, 9.Oct.2019) — Petroecuador halted operations of its Trans-Ecuadorean Pipeline System (SOTE) on Wednesday after anti-austerity protests choked off production from some oil fields it uses for stock, the energy...
Ecuador’s SOTE Halted On Low Oil Deliveries
(Energy Analytics Institute, Piero Stewart, 9.Oct.2019) — Ecuador’s Trans-Ecuadorian Pipeline System (SOTE) halted operations at 1pm on Oct. 9. The stoppage was due to the low delivery of crude oil...
SOTE Operations Reduced To 30% Of Capacity
(Energy Analytics Institute, Piero Stewart, 9.Oct.2019) — Operations at the SOTE have been affected during protests in Ecuador and resultantly operations have been reduced to 30% of capacity, due to...
Ecuador’s Government Crisis, Explained
(Bloomberg, Matthew Bristow and Stephan Kueffner, 8.Oct.2019) — Ecuador’s government abandoned the capital city, Quito, as demonstrators sabotaged oil installations and ransacked government offices and businesses over rising fuel costs....
Amazon Watch On Ecuador Strike
(Amazon Watch, 8.Oct.2019) — In response to economic austerity measures announced by Ecuadorian president Lenin Moreno on October 1, Ecuador's National Indigenous Movement, represented by CONAIE (National Confederation of Indigenous...
CONAIE And CONFENIAE Comment On Indigenous Mobilization
(CONAIE, 8.Oct.2019) — Indigenous peoples across Ecuador have mobilized against the central government’s neoliberal policies and extractive practices, as have workers unions, student unions and a diverse group of civil...
Ecuador’s Moreno Decries ‘Coup Attempt’ Amid Protests
(Reuters, Alexandra Valencia and Daniel Tapia, 7.Oct.2019) — Thousands of indigenous protesters marched into capital Quito on Monday in a fifth day of action against austerity measures that have sparked...
Ecuador Frees Up Fuel Prices, Unrest Erupts
(Argus, 3.Oct.2019) — Unrest has broken out in Ecuador ahead of the lifting of motor fuel subsidies tomorrow. The government declared a state of emergency today to try to quell...
IMF Provides Update On Ecuador
(IMF, 2.Oct.2019) — The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuador’s economy and foster strong, and inclusive growth. The announcement included...
Repsol Trading Wins Napo Oil Export Tender
(Energy Analytics Institute, Piero Stewart, 4.Sep.2019) — Ecuador’s state oil company EP PetroEcuador awarded the export of 1,080,000 +/- 5% barrels of 17-degree API Napo crude oil to Repsol Trading...
Ecuador Eyes New 300,000 b/d Capacity Refinery
(Reuters, 27.Aug.2019) — Ecuador is seeking private companies interested in building a new refinery on the OPEC nation's coast with a capacity of up to 300,000 barrels per day (bpd),...
OPEC Sees Bearish Oil Outlook For Rest Of 2019
(Reuters, Alex Lawler, 16.Aug.2019) — OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals...
Frontera Energy Announces Strong 2Q:19 Results
(Frontera, 1.Aug.2019) — Frontera Energy Corporation announces release of its Interim Condensed Consolidated Financial Statements for the second quarter of 2019, together with its Management, Discussion and Analysis ("MD&A"). These...
Frontera Announces 2Q:19 Conference Call Details
(Frontera, 1.Aug.2019) — Frontera Energy Corporation announces a conference call for investors and analysts will be held on Friday, August 2, 2019 at 8:00 a.m. (MDT), 9:00 a.m. (GMT-5) and...
Fallout From Sweet Oil Deal For Venezuela’s Neighbors
(NPR, 20.Jul.2019) — It sounded like such a good idea at the time. The year was 2005. Global oil prices were climbing dramatically. Countries in the Caribbean were facing major...
Ecuador Court Ruling Deemed A Win For Waorani
(Reuters, 12.Jul.2019) — A court in Ecuador has upheld a ruling that prevents the government from selling land in the Amazon rainforest to oil companies, a move activists called a...
Trafigura Pte. To Export 340,000 Barrels Of VGO
(Energy Analytics Institute, Piero Stewart, 4.Jul.2019) — Trafigura Pte. Ltd. was awarded a deal by EP Petroecuador for the export of 340,000 barrels ± 3% of Vacuum Gas Oil (VGO)....
Glencore To Import 1,890,000 Barrels Of Cutter Stock
(Energy Analytics Institute, Piero Stewart, 27.Jun.2019) — EP Petroecuador awarded Glencore Ltda. a deal to import 1,890,000 barrels ± 2% of cutter stock, a diluent used in the preparation of...
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA --...
LatAmNRG Ecuador Briefs: Quito Gasoline, Russia’s Tyazhmash To Finish Project
(Energy Analytics Institute, Piero Stewart, 22.Jun.2019) — LatAmNRG briefs related to OPEC member country Ecuador and gasoline prices in Quito, recycled waste imports, Russian company Tyazhmash's plans to complete work...
EP PetroEcuador Hosts Executives From Japanese Companies
(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — Executives from the Japanese companies Mitsubishi Motors, Nexi Nippon Export and Investment Insurance and Bank of Tokyo conducted meetings with EP PetroEcuador General...
PetroEcuador Completes Second Spot Sale Of 2019 With A $3.09/bbl WTI Spread
(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — EP PetroEcuador awarded for export 3,960,000 barrels of Oriente crude oil of 24-degree API plus/minus 5% to Tesoro Refining and Marketing Company LLC,...
GeoPark Signs Final Contract For Espejo, Perico Blocks
(GeoPark, 3.Jun.2019) — GeoPark Limited signed final participation contracts on 22 May 2019 for the Espejo (GeoPark operated, 50% WI) and Perico (GeoPark non-operated, 50% WI) blocks in Ecuador, which...
Frontera Energy Corporation BOD Declares Dividend
(Frontera, 30.May.2019) — Frontera Energy Corporation’s board of directors has declared a dividend of C$0.205 per common share, which will be paid on or about July 17, 2019 to shareholders...
Ecuador Names New Hydrocarbons Vice Minister
(Energy Analytics Institute, Piero Stewart, 23.May.2019) — Juan Carlos Bermeo Calderón has been appointed Ecuador’s new Vice Minister over the country’s Energy and Non-Renewable Natural Resources Ministry, the ministry announced...
LatAmNRG Ecuador Briefs: PetroAmazonas Deals, Drilling, Output, And Merger
(Energy Analytics Institute, Piero Stewart, 20.May.2019) — Heard on the street and LatAmNRG briefs related to the Petroamazonas EP and contracts for $78.1 million with China’s CNPC And Sinopec, optimized...
OPEC Founder Venezuela Pumps Less Oil Than Three Of Its Neighbors
(Bloomberg, Lucia Kassai, 20.May.2019) —Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take...
Petroamazonas’ Production Peaked At 428,780 Boe/d In The First 4 Months Of 2019
(Energy Analytics Institute, Piero Stewart, 19.May.2019) — Petroamazonas EP’s production of crude oil in the first four months of 2019 peaked at 428,780 barrels per day of equivalents, up 5.42%...
LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards
(Energy Analytics Institute, Piero Stewart, 14.May.2019) — Heard on the street and LatAmNRG briefs related to OPEC’s Monthly Oil Market Report, EP PetroEcuador awards Trafigura deal to import 2,750,000 barrels...
EP PetroEcuador Restarts Non-Catalytic Unit #1 At Esmeraldas Refinery
(Energy Analytics Institute, Piero Stewart, 1.May.2019) — EP PetroEcuador announced the restart on 1 May 2019 of operations at the non-catalytic unit #1 of its Esmeraldas refinery, the company announced...
Oil Tops $73/bbl Then Pares Gains As Venezuela’s Maduro Claims Support
(Reuters, Collin Eaton , 30.Apr.2019) — Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders...
Houses And Pipelines Associated With Pacific Refinery Uninsured
(Energy Analytics Institute, Piero Stewart, 27.Apr.2019) — Nearly 140 houses adjacent to an embankment intended to be used by the Pacific Refinery as well as a corresponding $334 million pipeline...
Ecuador President Mandates Merger of Petroamazonas And Petroecuador
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Ecuador’s President Lenin Moreno mandated on 24 April 2019 initiation of a process to merge oil companies Petroamazonas and Petroecuador. The deadline to...
EP PetroEcuador Says 11 Fields Generated $6.2 Billion In 2018
(Energy Analytics Institute, Piero Stewart, 18.Apr.2019) — EP PetroEcuador announced that production of 400,974 barrels per day (b/d) in 2018 from 11 fields generated revenues of $6,199 million, the company...
EP PetroEcuador Says Sacha Field Producing 70 Mb/d
(Energy Analytics Institute, Piero Stewart, 18.Apr.2019) — Crude oil production from Ecuador’s Sacha Field, operated by PetroAmazonas and located in the province of Orellana in Block 60, reached 70,021 barrels...
LatAmNRG Frontera Briefs: Ralph Coffman, NorPeruano, Intracampos Bid
(Energy Analytics Institute, Piero Stewart, 11.Apr.2019) — Heard on the street and LatAmNRG briefs related to Frontera Energy Corporation and its operations in Colombia, Peru, Guyana and Ecuador. Ralph Coffman...
Frontera Announces 1Q:19 Update On Colombia, Peru, Guyana, and Ecuador
(Frontera, 11.Apr.2019) — Frontera Energy Corporation announces a first quarter 2019 operational update. All values in this news release and the company’s financial disclosures are in United States dollars, unless...
Ecuador’s Oil Production Climbs To 522 Mb/d In March 2019
(Energy Analytics Institute, Piero Stewart, 8.Apr.2019) — Ecuador’s production of crude oil rose to 522 Mb/d in March 2019 compared to 519 Mb/d in February and 517 Mb/d in January...
Students Put Energy Efficient Cars To The Test At Shell Eco-marathon Americas
(Shell, 7.Apr.2019) — Make the Future Live California featuring Shell Eco-marathon Americas drew more than 1,000 students to Sonoma Raceway to compete for the title of most fuel-efficient vehicle. Northern...
Ecuador’s New Economic Plan Explained
(IMF, 21.Mar.2019) — Ecuador has developed a new economic plan designed to put the country’s debt on a firm downward path, create jobs, protect the poor and most vulnerable, and...
Colombia Seeks Emergency Fuel Supply From Ecuador
(Argus, 19.Mar.2019) — Colombia’s government is seeking emergency fuel supplies from neighboring Ecuador to cope with shortages in southwestern departments caused by an ongoing indigenous protest. Colombia reached out to...
Ecuador To Invite Bids To Build New Refinery In May -Energy Minister
(Reuters, Alexandra Valencia, 19.Mar.2019) — Ecuador will launch an international bidding round for the construction of a new 300,000 barrel per day (bpd) refinery in May, Energy Minister Carlos Perez...
GeoPark Limited Awarded Espejo And Perico Blocks In Ecuador
(SeekingAlpha, 18.Mar.2019) — On March 13, 2019, GeoPark Limitedentered the Ecuador upstream by winning the Espejo and Perico blocks in the Oriente Basin in the Intracampos Bid Round (Fig. 1)....
Ecuador Resolves To Liquidate Pacific Refinery Venture
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — Petroecuador announced that on March 12, the country’s superintendent resolved the liquidation of the Refinería del Pacífico Eloy Alfaro Compañía Mixta, also known...
OPEC Releases MOMR With Oil Data Thru February 2019
(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...
Frontera Awarded Two Blocks in Ecuador’s Intracampos Bid Round
(Frontera. 13.Mar.2019) — Frontera Energy Corporation and GeoPark Limited, as part of a consortium (Frontera 50%, GeoPark 50%), have been awarded production sharing contracts on two blocks in Ecuador's Intracampos...
Gran Tierra Energy Inc. Announces New-Country Entry Into Ecuador
(Gran Tierra, 12.Mar.2019) — Gran Tierra Energy Inc. announced that, based on preliminary results, the company has made a new-country entry into Ecuador through the submission of winning bids for...
Ecuador To Clean Up Texaco’s Decades-old Amazon Spill
(UPI, 6.Mar.2019) — Ecuador will clean areas of its Amazon region that were polluted decades ago by Texaco in a move criticized by activists who fear too little will be...
Indigenous Group Sues Ecuador For Earmarking Its Land For Oil Drilling
(Mongabay, Kimberley Brown, 5.Mar.2019) — An indigenous community in Ecuador has filed a lawsuit against the government for failing to consult with it before putting its territory up for sale...
EP PetroEcuador Initiates 54-Day work Stoppage At Esmeraldas Refinery
(Energy Analytics Institute, Piero Stewart, 1.Mar.2019) — EP PetroEcuador started a 54 day work stoppage today 1 March 2019 at the non-catalytic #1 and catalytic #1 units of its Esmeraldas...
EP PetroEcuador Performs Maintenance To Monoboya X
(Energy Analytics Institute, Piero Stewart, 26.Feb.2019) — EP Petroecuador, within the preventive maintenance plan for its offshore installations, carried out work related to changing a 42-inch off buoy hose along...