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Protected: Ecuador Inks 2 Tenders to Export 4,680,000 bbls in Mar. 2025

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Ecuador Advances electrical infrastructure Projects in El Pangui

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Ecuador’s national government is backing several projects to improve electrical infrastructure in the province of Zamora Chinchipe, which will benefit 5,340+ inhabitants of El Pangui. Work on a 3-phase medium voltage line, developed in the sectors 20 de Agosto and […]

Ecuador Awards 3,960,000 bbls to Shell (Oriente) and Unipec (Napo)

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 24.Jan.2025) — EP PetroEcuador expects to export 3,960,000 barrels (bbls) of crude oil in Feb. 2025, which will generate estimated revenues of $251mn. This as EP PetroEcuador awarded the sale of 1,800,000 bbls of Oriente crude to Shell Western Supply and Trading […]

EP PetroEcuador Exported 120 MMbbls in 2024, Generating Sales of $8.183bn

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 22.Jan.2025) — EP PetroEcuador exported 120,052,357.43 bbls of Oriente, Napo, Fuel Oil No. 6 and Vacuum Gas Oil in 2024, which generated sales of $8.183bn during the year. Of the exports, Ecuador’s Oriente crude represented 67,253,025.50 bbls, Napo crude (46,205,910.55 bbls), Fuel […]

Ecuador’s SOTE Transported 104 MMbbls of Oriente Crude in 2024

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Jan.2025) — Ecuador’s Trans-Ecuadorian Pipeline System (SOTE) transported 104,348,303.29 bbls of Oriente crude oil in 2024. This represented a 90.9% compliance with goals set out in EP PetroEcuador‘s annual operating plan. The SOTE is Ecuador’s main crude transportation system. It transports crude […]

LatAm NRG Heard: Mexico 2nd Energy Sector Laws, Drill Baby Drill’s Return

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 17 Jan. 2025. —Argentina: The gov’t of president Javier Milei is starting the privatization process for Argentina’s national highways and routes. —Ecuador: Ecuador’s EP PetroEcuador says […]

LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform

(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. —Argentina: Vaca Muerta oil and gas production continues to rise spurring hopes of continued oil and gas exports and soon year round LNG exports —Argentina: […]

EP PetroEcuador GM Leydi Jiménez Rivera Visits Shushufindi Field

(Piero Stewart, Energy Analytics Institute, 3.Jan.2025) — EP PetroEcuador general manager Leydi Jiménez Rivera made a technical visit to Block 57 and in specific the Shushufindi field located in the province of Sucumbíos. Block 57 is made up of the Shushufindi, Aguarico, Drago, Cobra and Condorazo fields, EP PetroEcuador announced […]

EP PetroEcuador Eyes 2 New Wells from Block 59 Vinita C Platform

(Piero Stewart, Energy Analytics Institute, 2.Jan.2025) — EP PetroEcuador has an eye on Ecuador’s Block 59 where it plans to drill 2 new wells in Vinita field in the first-quarter 2025. The aim there is to maintain and then progressively increase production at the field. The wells, No. 19 and No. […]

EAI Andean NRG Dashboard 4Q:24 [PDF Download]

(Energy Analytics Institute, 28.Dec.2024) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Trinidad and Tobago and the Caribbean. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]

LatAm NRG Heard: Energía Argentina and Transener, Tula and Salina Cruz Refineries

(Energy Analytics Institute, 27.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Dec. 2024. —Argentina: Energía Argentina SA initiated a process to divest its shrs in Transener, Argentina’s main energy transport co. The decision is in line w/ the gov’t of president Javier […]

LatAm NRG Heard: Milei’s Popularity, ECA’s early-2026 Start-up, Saguaro Energía

HOUSTON, TEXAS (Energy Analytics Institute, 13.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 13 Dec. 2024. —Argentina: Argentina’s president Javier Milei maintains strong popularity 1 yr into his presidency as the Argentine peso has appreciated, inflation has fallen and foreign/domestic investors in the […]

PetroEcuador’s Tres Bocas Station Receives BT Zamora Vessel with 225,000 bbls of Fuel

(Piero Stewart, Energy Analytics Institute, 11.Dec.2024) — EP PetroEcuador‘s Tres Bocas Station received a 40,000 metric ton vessel with 225,000 bbls of fuel destined to national consumption. EP PetroEcuador continues with efforts to increase fuel inventories in the southern parts of Ecuador in order to timely meet the demand for […]

Pucuna Campaign Could Add 2,000 b/d to Block 44 Production Tab

(Piero Stewart, Energy Analytics Institute, 30.Nov.2024) — Block 44, Pucuna, located in the province of Orellana, has maintained sustained and increasing production. To date, Pucuna, which is part of the Palo Azul Asset, is registering average production of 7,153 barrels per day (b/d). During 2024, Pucuna technicians have made efforts […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 22 Nov. 2024

(Energy Analytics Institute, 22.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 22 Nov. 2024. LATIN AMERICA AND THE CARIBBEAN —Argentina: In Oct. 2024, Argentina exported $817mn in fuel and energy, accumulating $7,995mn in the first 10 mths of 2024. —Argentina: In Oct. 2024, […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 15 Nov. 2024

(Energy Analytics Institute, 15.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024. —Argentina: The Argentine govt changed the name of the Gasoducto Néstor Kirchner to Gasoducto Perito Moreno. —Ecuador: Ecuador eyes exporting 7,920,000 bbls between Nov. 2024-Jan. 2015, which will generate […]

EP PetroEcuador Eyes Exports of 7,920,000 bbls

(Energy Analytics Institute, 13.Nov.2024) — Between Nov. 2024 and Jan. 2025, EP PetroEcuador looks to export 7,920,000 barrels of crude oil, generating revenues of approximately $496mn. The projected exports and revenues highlight the importance of international oil trade as a vital source of income for Ecuador, the state-owned company announced […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 8 Nov. 2024

(Energy Analytics Institute, 8.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 8 Nov. 2024. —Argentina: YPF execs. met in Buenos Aires w/ the Chancellor of Hungry to discuss the Argentina LNG project. —Ecuador: Ecuador is looking to acquire 195MW from private cos. in […]

Frontera Reports 3Q:24 Results, Updates on LatAm Portfolio (PDF Download)

(Frontera, 6.Nov.2024) — Frontera Energy Corporation reported financial and operational results for the third quarter ended 30 Sep. 2024. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera remains focused on the execution […]

LatAm NRG Matters: Highlights, Heard

(Energy Analytics Institute, 1.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa Energia to neutral from buy, adjusted its price target to $75/shr v $58/shr; Citigroup also upgraded YPF to buy from neutral, adjusted its price target […]

LatAm NRG Matters: Highlights, Heard

(Energy Analytics Institute, 11.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. —Argentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in Punta Colorada, execs. w/ the state […]

Geopark Reports 1Q:24 Results

(GeoPark, 15.May.2024) — GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended 31 Mar. 2024 (“First Quarter” or “1Q2024”). A conference call to discuss these financial results will be held on 16 May 2024, at 10:00 am (Eastern Daylight Time). FIRST QUARTER 2024 SUMMARY In […]

Frontera Announces 2024 Capital and Production Guidance

(Frontera, 15.Feb.2024) — Frontera Energy Corporation (TSX: FEC) announced its full year 2024 capital and production guidance, provides an update on its estimated fourth quarter 2023 and full year average daily production and provides and update on shareholder value initiatives, including the initiation of a quarterly dividend of CAD $0.0625 […]

Frontera on 3Q:23 Financial Results and Conf. Call

(Frontera, 19.Oct.2023) — Frontera Energy Corporation (TSX: FEC) announces that its third quarter 2023 results will be released after markets close on Thursday, 9 November 2023. A conference call for investors and analysts will be held on Friday, 10 November 2023, at 10:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of […]

Frontera Announces 2Q:23 Results [PDF Download]

(Frontera, 10.Aug.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 30 June 2023. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continues to efficiently execute on its financial, […]

EAI’s NRGBriefs: May 2023

(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]

Killing of Indigenous Ecuador Anti-oil Activist Spurs Questions

(Al Jazerra, 22.May.2023) — It was a Sunday in late February, and Eduardo Mendúa was doing what he was famous for: organising against the oil drilling that had transformed his ancestral lands in Ecuador. A member of the Indigenous Cofán people, Mendúa had seen pipelines and wells spring up throughout the […]

Frontera Announces 2022 Year End Reserves

(Frontera, 22.Feb.2023 — Frontera Energy Corporation (TSX: FEC) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (“D&M“). All dollar amounts in this news release and the company’s financial disclosures are in United States dollars, unless otherwise noted. All of the company’s booked reserves for the year […]

Frontera Announces 2023 Capital And Production Guidance

(Frontera, 1.Feb.2023) — Frontera Energy Corporation (TSX: FEC) announces its full year 2023 capital and production guidance and provides an update on its normal course issuer bid (“NCIB“), its 2023 hedging program and its estimated fourth quarter and 2022 full year average daily production. All values in this news release […]

Frontera Included in the 2023 Bloomberg Gender Equality Index GEI

(Frontera, 31.Jan.2023) — Frontera Energy Corporation (TSX: FEC) announces that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (“GEI”), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across […]

Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants

(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding to seven qualified charitable organizations as part of its Colombia-Ecuador-Peru Humanitarian Health Grants program. The call for grant applications for this charitable program, recognizing the vulnerable […]

Frontera to Host Investor Open House on 15 Nov. 2022

(Frontera, 15.Nov.2022) — Frontera Energy Corporation (TSX: FEC) will host an Investor Open House for analysts, investors, shareholders and bondholders today from 9:30 a.m. to 5:00 p.m. Col time, Frontera at its office at Calle 110 N° 9 – 25 Piso 16, Bogotá, Colombia. Members of Frontera’s executive team will provide in-depth presentations and […]

EP PetroEcuador to Import Premium Diesel from Trafigura

(Energy Analytics Institute, 7.Jul.2022) — EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022. The transaction will be completed via eight shipments of 280,000 +/- 2% […]

Four Companies Eye Selection Process for Combined Cycle Block in Ecuador

(Energy Analytics Institute, 4.Jul.2022) — Four companies from Spain, Finland, the Netherlands and Ecuador will prepare offers under Ecuador’s Public Selection Process (PPS) for a concession for a 400 megawatt combined cycle natural gas block. The concession will be for a 25-year term and require an investment of $600mn, Ecuador’s […]

NRGBriefs: Ecuador’s Oil Production Reaches 461,637 B/D

(Energy Analytics Institute, 3.Jul.2022) — Energy briefs including Ecuador’s crude oil production reaching 461,637 barrels per day on 3 July 2022, according to details provided by the country’s Ministry of Energy and Mines. LATIN AMERICA AND THE CARIBBEAN Ecuador Andean oil producer Ecuador reported oil production of 461,637 b/d on […]

NRGBriefs: EP PetroEcuador Eyes Recuperating Production

(Energy Analytics Institute, 1.Jul.2022) — Energy briefs including Ecuador’s state oil giant EP PetroEcuador eying recovery by the end of July 2022 of all the production lost at its fields in the Amazon during the national strike; and Guyana’s President Dr Irfaan Ali reaffirming Guyana’s commitment to strengthening its relationship […]

EP PetroEcuador Comments on Impact of Ongoing Unrest

(Energy Analytics Institute, 25.Jun.2022) — Ongoing social unrest, which started on 13 June 2022, in Ecuador’s Amazon region has led to the closure of oil wells and consequently has led to an inability to operate entire blocks in the South American country. To date, Ecuador has stopped producing 1,071,707 barrels […]

Social Unrest Impacts Ecuador’s Oil Production

(Energy Analytics Institute, 20.Jun.2022) — Social unrest in Ecuador is again impacting the operations of state owned EP PetroEcuador in the Amazon region of the South American country. After eight days of stoppages called by some opposition organizations, the company has reported accumulated loss production (company and consortia) of 64,347 […]

NRGBriefs: Colombia Elects Gustavo Petro; Ecuador’s Force Majeure

(Energy Analytics Institute, 19.Jun.2022) — Political and energy briefs including Colombians electing Gustavo Petro as the South American country’s next president from 2022-2026; Ecuador declaring Force Majeure along the country’s entire hydrocarbon value chain; and Gazprom announcing it will deliver volumes of gas in line with recent days. LATIN AMERICA […]

Ecuador Declares Force Majeure for Oil, State of Exception over Protests

(Reuters, 18.Jun.2022) — Ecuador’s state-owned oil company Petroecuador declared force majeure late on Saturday over the impact of protests against the government’s social and economic policies in the Andean country, while President Guillermo Lasso tried to clamp down on unrest. The oil company declared force majeure for its exploration, exploitation, […]

Ecuador Seeks Partner to Stop Gas Flaring as Anger Rises in the Amazon

(Reuters, 17.Jun.2022) — Ecuador oil company Petroecuador says it is working to shut down gas flares in the Amazon to comply with a court-imposed deadline, but progress is too slow for nearby communities who allege the flares cause cancer and other illnesses. A provincial tribunal in Sucumbios province last year […]

PetroEcuador Seeks Partner to Develop Block 6

(Energy Analytics Institute, 9.Jun.2022) — Ecuador’s state-owned EP PetroEcuador is eying a bidding process to select a strategic partner to develop Block 6 in the Gulf of Guayaquil. PetroEcuador is seeking to boost production at the Amistad Field and maximize the recovery factor of its deposits in Block 6, the […]

Frontera Announces Annual and Special Meeting Results

(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today. ELECTION OF DIRECTORS Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total […]

Frontera Releases Sustainability Report

(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) released its 2021 Sustainability Report, announced its 2022 environmental, social and governance (ESG) targets and reaffirmed its commitment to continue to develop and implement meaningful actions to strengthen its ESG performance across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: “I am […]

Frontera Reports 1Q:22 Net Income of $102.2mn

(Frontera, 3.May.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 31 March 2022. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continued to deliver strong performance results […]

NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%

(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]

Luminex Acquires the Chalapo Concessions from Codelco in Ecuador

(Luminex Resources, 18.Apr.2022) — Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) signed a binding agreement with Corporación Nacional del Cobre de Chile (Codelco) to acquire its 100% owned Chalapo concessions (the “Project”) in the Loja province of Ecuador for $60,000 of consideration and a 1.0% NSR. 0.5% of the NSR can be purchased by Luminex for $5mn before the year […]

Cuenca Gets its First Electric Vehicle Charging Station

(Energy Analytics Institute, 14.Apr.2022) — Ecuador inaugurated its first electric vehicle fast charging station in Cuenca, Azuay on 12 April 2022 with an initial investment of over $80,000. The deal is part of an inter-institutional cooperation agreement between the Centrosur Regional Electric Company and the University of Cuenca, Ecuador’s Ministry […]

Ecuador Changes Name of MERNNR to Ministry of Energy and Mines

(Energy Analytics Institute, 14.Apr.2022) — Ecuador’s President Guillermo Lasso ordered the modification of the name of Ministry of Energy and Non-Renewable Natural Resources (MERNNR) to that of the Ministry of Energy and Mines. The name change went into effect with the issuance of Executive Decree 400 dated 14 April 2022 […]

NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022

(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]

GeoPark Announces 1Q:22 Operational Update

(GeoPark, 11.Apr.2022) — GeoPark Limited announced its operational update for the three-month period ended March 31, 2022 (“1Q2022”). All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified. Highlights Accelerating Production Growth Consolidated oil and gas production of […]

NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow

(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of Neuquén […]

NRGBriefs: Argentina Grants Chevron El Trapial Este Concession

(Energy Analytics Institute, 9.Apr.2022) — Energy briefs including Argentina granting the El Trapial Este hydrocarbon concession to Chevron; and EP PetroEcuador reporting average production of 372,609 b/d in 2021. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina granted the El Trapial Este hydrocarbon concession to Chevron. The deal implies the […]

NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022

(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister Martín Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]

NRGBriefs: Venezuela’s Oil Minister on Oil Market Stability and Supply

(Energy Analytics Institute, 31.Mar.2022) — Energy briefs including the US Energy Department saying it is ready to execute the president of the United States’ authorization of an immediate release of 1 million barrels per day for 6 months from the Strategic Petroleum Reserve; and Trinidad and Tobago NGL Limited (TTNGL) […]

NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil

(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 […]

Frontera Finds 27.2 Degree API Light Oil At The Tui-1 Well In Ecuador

(Frontera, 24.Mar.2022) — Frontera Energy Corporation (TSX: FEC) has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block (Frontera 50% W.I. and operator) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are excited to announce a second consecutive light crude oil […]

Shell Among Companies Chasing Ecuadorian Oil After Russia Sanctions

(Bloomberg, 16.Mar.2022) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and […]

NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26

(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]

NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward

(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 and FY:21 webcast to discuss financial and operational results; Exxon updating on its operations offshore Guyana during its virtual Investor Day 2022 webcast [PDF download]; […]

Frontera Announces 4Q:21 and YE:21 Results

(Frontera, 2.Mar.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the fourth quarter ended 31 December 2021. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continues to deliver on its strategic, […]

NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]

(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]

How China Beat Out the US to Dominate South America

(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]

Frontera Announces CAPEX and Production Guidance for 2022

(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]

Frontera Reveals YE:21 Reserves

(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (D&M). All dollar amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise noted. All of the Company’s booked reserves for the year […]

NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]

(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]

NRGBriefs: Maduro Says No Presidential Elections Until At Least 2025

(Energy Analytics Institute, 4.Feb.2022) — Energy briefs including Colombia signing a MOU w/ The Netherlands to create a hydrogen export channel; Venezuela’s President Nicolás Maduro saying there will be no presidential elections in 2024; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia signed a MOU w/ The Netherlands […]

NRGBriefs: Argentina’s President Meets with Putin

(Energy Analytics Institute, 3.Feb.2022) — Energy briefs including Grupo Energía Bogotá commencing assembly of the first tower of its north project in Chocontá (Cundinamarca); Argentina’s President Alberto Fernandez visiting Russia to discuss energy, industry, environmental and financing issues w/ his Russian counterpart Vladimir Putin; and EP PetroEcuador General Manager ĺtalo […]

Ecuador Eyes Key Oil Sector Actions in 2022

(Energy Analytics Institute, 2.Feb.2022) — The head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR), Juan Carlos Bermeo Calderón, highlighted key goals the country looks to achieve in 2022. In 2022, the Andean country looks to renegotiate contracts for a voluntary migration to a participation scheme, develop the […]

MENRNR Head Approves Strategic Plan 2021-25

(Energy Analytics Institute, 1.Feb.2022) — The head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR), Juan Carlos Bermeo Calderón, approved the Strategic Plan for 2021-25. The plan is seen as fundamental to promote actions that ensure compliance with current public policies and institutional attributions, within a framework of […]

NRGBriefs: De Novo Prepares Zandolie’s Subsea Structure

(Energy Analytics Institute, 31.Jan.2022) — Energy briefs including EP PetroEcuador and Abastecedora Ecuatoriana de Combustibles S.A. (ABASTIBLES S.A.) signing a petroleum products contract; shares of Frontera Energy and CGX Energy halting on rumors of a find offshore Guyana at the Kawa well; and DeNovo’s Zandolie subsea structure being readied for […]

Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year

(Reuters, 19.Jan.2022) — Ecuador’s state-owned oil company, Petroecuador, is targeting average output of 425,000 barrels of oil equivalent per day (boed) by the end of 2022, manager Italo Cedeno said on Wednesday. Petroecaudor’s production averaged some 380,000 boed until November. It dwindled to a trickle in December after pumping through […]

Frontera Finds Oil at Jandaya-1 Well in Ecuador

(Frontera, 19.Jan.2022) — Frontera Energy Corporation (TSX: FEC) discovered hydrocarbons at the Jandaya-1 exploration well on the Perico block (Frontera 50% W.I. and operator, GeoPark Limited 50% W.I.) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are pleased to announce a discovery at the Jandaya-1 exploration well. Jandaya-1 […]

Ecuador Indigenous Demand Rights to Consent on Extractive Projects

(Reuters, 18.Jan.2022) — Indigenous communities in Ecuador on Tuesday presented hundreds of thousands of signatures to the country’s top court to demand their right to make final decisions on use of ancestral lands they say are threatened by expansion of extractive projects. The indigenous A’i Cofan and Waorani communities, from […]

EP PetroEcuador Continues with Work on Pipeline Bypasses

(Energy Analytics Institute, 15.Jan.2022) — EP PetroEcuador continues with work on a seventh bypass for the Trans-Ecuadorian Oil Pipeline System (SOTE) aimed at protecting the infrastructure and avoiding further stoppages that affect the country’s economy. EP PetroEcuador General Manager Ítalo Cedeño together with company Transportation Manager, Washington Gallegos, and a […]