Trafigura Wins Bid To Export Fuel Oil No. 6
(Energy Analytics Institute, 17.Apr.2021) — EP Petroecuador awarded Singapore’s Trafigura PTE. LTD. an export deal for 1,900,000 barrels of Fuel Oil No. 6. The volume offered will be exported in...
EP PetroEcuador Opens Doors To Corruption Investigation
(Energy Analytics Institute, 15.Apr.2021) — EP PetroEcuador offered Ecuador’s attorney general's office access to all the necessary facilities it sees fit to collect any type of information requested as part...
LatAm Briefs: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuador’s run-off election and Andean oil producer Ecuador pumping around 495,438...
US Sends Congrats To Guillermo Lasso
(US State Department, 13.Apr.2021) — On behalf of the people of the United States, I congratulate Guillermo Lasso on his election as the next President of Ecuador. We also extend...
Ecuador Bonds Rally As Millionaire Banker Wins Ecuadorian Presidency
(Bloomberg, 11.Apr.2021) — Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up...
Trafigura Wins Bid For Oriente Crude
(Energy Analytics Institute, 10.Apr.2021) — EP PetroEcuador awarded an export deal for 1,080,000 barrels of Oriente crude to Singapore company Trafigura PTE. LTD. The volume offered will be exported in...
‘Triple Pandemic’ Devastating Ecuador’s Amazon Communities
(El Pais, 9.Apr.2021) — The fuel that flowed into the Napo and Coca rivers in the northeastern rainforest of Ecuador more than a year ago caused a humanitarian and ecological...
LatAm Briefs: Mendoza Province Asset Grab, Ecuador Elections
(Energy Analytics Institute, 2.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Mendoza taking back an area in the Neuquina Basin from a Medanito subsidiary and Ecuador...
LatAm Briefs: Kircher On IMF, OCP President Resignation
(Energy Analytics Institute, 24.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Cristina Kircher insisting the International Monetary Fund (IMF) give Argentina lower debt rates, the...
LatAm Briefs: PDVSA Pipeline Attack, EP PetroEcuador Replanting
(Energy Analytics Institute, 21.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela state oil giant denouncing an attack on a pipeline in Monagas state and EP...
LatAm Briefs: Pemex Costs, Ecuador Output
(Energy Analytics Institute, 18.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Banco do Brasil CEO resigning under pressures from Brazil’s President Jair Bolsonaro, Ecuador’s oil production...
Ecuador Dedicates $300mn To Coastal Electrification Plan
(Energy Analytics Institute, 18.Mar.2021) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENNR) as well as the country’s Ministry of Production, Foreign Trade, Investments and Fisheries, together with the...
Solaris Appoints Thomson To Board
(Solaris Resources, 16.Mar.2021) — Solaris Resources Inc. announced appointment of Mr. Kevin Thomson to its Board of Directors effective immediately. Mr. Thomson brings over 35 years of senior strategic mergers...
Ecuador, PTT Renegoitiate New Oil-For-Loan Deal
(Reuters, 11.Mar.2021) — Ecuador has reached a preliminary agreement with a unit of Thailand’s state-run PTT PCL to extend to 2024 the payment period of an oil-for-loan agreement that was...
Quito Electric Inaugurates Pifo Substation
(Energy Analytics Institute, 10.Mar.2021) — The Quito Electric Company (EEQ) inaugurated substation (S/E) No. 46 Inga Bajo, located in the Itulcachi sector, in the rural parish of Pifo. The investment...
Ecuador Eyes Conolophus Photovoltaic Project
(Energy Analytics Institute, 5.Mar.2021) — Ecuador plans to install 14.8 megawatts (MW) of photovoltaic generation with 40.9 MWh batteries on Santa Cruz Island with estimated private investment of $45mn. Companies...
Frontera Announces CEO Succession
(Frontera, 3.Mar.2021) — Frontera Energy Corporation announced the appointment of current director Orlando Cabrales Segovia as Chief Executive Officer. The company also provided an update on its 2021 Strategic Plan,...
EP PetroEcuador Reveals Energy Efficiency Program
(Energy Analytics Institute, 10.Feb.2021) — Ecuador’s state oil company EP PetroEcuador announced details of its Energy Efficiency Program, which uses associated gas for electricity generation to optimize resources and minimize...
China Expands Presence In LatAm’s Energy Industries
(IOA, 10.Feb.2021) — China is broadening its presence in Latin America's energy and strategic minerals sectors, posing challenges to the regional countries themselves as well as to the United States,...
Ecuador’s Presidential Vote Heads To A Runoff
(New York Times, 7.Feb.2021) — Ecuadoreans are headed for a runoff presidential election following a vote Sunday in which a leftist economist drew the most votes, but not enough to...
PetroEcuador Starts Work On Two SOTE Variants
(Energy Analytics Institute, 5.Feb.2021) — EP PetroEcuador has commenced preventive work to protect the integrity of the Trans-Ecuadorian Pipeline System (SOTE) with construction of two additional variants to the four...
OPEC Fund Marks 45 Years Of Driving Development
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than...
Three European Banks Stop Funding Trade Of Oil
(Al Jazeera, 25.Jan.2021) — BNP Paribas, Credit Suisse and ING have announced plans to exclude the problematic export from their trading activities in response to environmental criticisms. Several big European...
US Relations With Ecuador: Fact Sheet
(US State Department, 19.Jan.2021) — The United States sent a consul to Guayaquil, Ecuador, in 1825, and the U.S. Embassy in Quito opened in 1848. The United States and Ecuador...
EP PetroEcuador Completes Merger With PetroAmazonas
(Energy Analytics Institute, 4.Jan.2021) — The long awaited merger of Ecuador’s two state oil and gas entities EP PetroEcuador and PetroAmazonas EP was approved by the South American country’s President...
Trafigura Wins Bid To Import Premium Diesel
(Energy Analytics Institute, 8.Dec.2020) — Ecuador’s state entity EP PetroEcuador awarded Trafigura Pte. Ltd. a deal to import 2,800,000 barrels of premium diesel. Trafigura won the deal with a differential...
EP PetroEcuador Excludes Vitol From List Of Providers
(Energy Analytics Institute, 6.Dec.2020) — EP PetroEcuador will exclude Vitol Inc. from its list of suppliers due to the recent corruption case under investigation in the United States with respect...
Insurance Companies Offer Coverage To PetroEcuador
(Energy Analytics Institute, 5.Dec.2020) — Representatives of insurance companies Latina and Hispana resolved to join forces and present a single offer to safeguard the integrity and safety of the people,...
Novum Energy Wins Bid To Import Cutter Stock
(Energy Analytics Institute, 2.Dec.2020) — Ecuador’s state entity EP PetroEcuador awarded Novum Energy Trading Corp. a deal to import 1,260,000 barrels of cutter stock. Novum won the deal with a...
B.B Energy Wins Bid To Import Naphtha Ron 80
(Energy Analytics Institute, 27.Nov.2020) — Ecuador’s state entity EP PetroEcuador awarded B.B Energy (Asia) PTE. LTD. a deal for the importation of 1,180,000 barrels of naphtha ron 80. B.B Energy...
PetroEcuador’s Merino Is The New ARPEL Chairman
(Energy Analytics Institute, 26.Nov.2020) — EP PetroEcuador General Manager Ricardo Merino was appointed Chairman of the Board of the Association of Oil, Gas and Biofuel Companies in Latin America and...
The Esmeraldas Refinery To Produce High Quality Diesel
(Energy Analytics Institute, 24.Nov.2020) — Maintenance work at the non-catalytic units #2 and #3 of the Las Esmeraldas Refinery included repair work on the static, rotating, and electrical equipment as...
Esmeraldas Refinery To Undergo Maintenance Work
(Energy Analytics Institute, 24.Nov.2020) — EP PetroEcuador general manager Ricardo Merino supervised scheduled maintenance work at the non-catalytic units 2 and 3 of the Esmeraldas Refinery. Work on the units...
Work Starts On Vuelta Larga, Tabiazo, Crnel Highways
(Energy Analytics Institute, 19.Nov.2020) — EP PetroEcuador general manager Ricardo Merino and Esmeraldas prefect Roberta Zambrano participated in the start of road rehabilitation work along the Vuelta Larga, Tabiazo and...
Ecuador Inaugurates $34.3mn La Concordia Line
(Energy Analytics Institute, 13.Nov.2020) — The new $34.3mn La Concordia-Pedernales transmission line in Ecuador will enhance productive, tourist and residential development in the Manabí province. Of the amount, the Inter-American...
EP PetroEcuador Awards $54.8mn Insurance Policy
(Energy Analytics Institute, 12.Nov.2020) — Ecuador’s state oil and gas company EP PetroEcuador awarded an $54.8mn insurance to Hispana de Seguros to cover all oil risks as well as maritime...
PetroAmazonas EP Producing 408,163 B/D
(Energy Analytics Institute, 12.Nov.2020) — Production from Ecuador’s state entity in charge of oil and gas exploration and exploitation, PetroAmazonas EP, reached 408,163 barrels per day (b/d) on 12 November...
Petroamazonas EP Gets New Manager Franklin Paredes
(Energy Analytics Institute, 8.Nov.2020) — The Board of Directors of PetroAmazonas EP, led by the Ecuador's Minister of Energy and Non-Renewable Natural Resources René Ortiz and the Chairman of the...
CEOs At PetroEcuador And PetroAmazonas Resign
(Energy Analytics Institute, 3.Nov.2020) — The CEOs of Ecuador state oil entities EP PetroEcuador, Ricardo Merino, and PetroAmazonas EP, Juan Carlos Bermeo, resigned within a 24-hour period over the weekend,...
Executives At Ecuador’s State Oil Entities Resign
(Reuters, 2.Nov.2020) — The chief executives of Ecuador’s two state-owned oil companies resigned over the weekend ahead of a planned merger of the two firms, the country’s energy ministry said...
Ecuador Spot Oil Sales Between 2017-2020
(Energy Analytics Institute, 29.Oct.2020) — EP PetroEcuador conducted 14 crude oil spot sales between 2017 and 2020, daily newspaper El Universo reported 29 October 2020. Details from Ecuador’s Energy Ministry...
Ecuador Eyes Suspending Spot Oil Sales In 2021-22
(Energy Analytics Institute, 29.Oct.2020) — Ecuador eyes suspending spot sales of crude oil during 2021 and 2022 with the aim of resuming them in 2023, daily newspaper El Universo reported...
Ecuador Ends Maintenance At Shushufindi Gas Plant
(Energy Analytics Institute, 28.Oct.2020) — EP PetroEcuador finalized scheduled maintenance at the Shushufindi Gas Plant located in the Sucumbíos province. Work activities took place over 14 days and included an...
EP PetroEcuador Restarts Activities At SOTE
(Energy Analytics Institute, 18.Oct.2020) — EP PetroEcuador restarted operations at the 360,000 barrel per day capacity Trans-Ecuadorian Pipeline System (SOTE by its Spanish acronym) after completion of construction works on...
EP PetroEcuador Initiates ISO Certification Process
(Energy Analytics Institute, 12.Oct.2020) — EP PetroEcuador initiated the ISO 37001 certification process for an anti-bribery management system, which in its initial stage targets the contracting and purchasing processes at...
Q&A: Ecuador Moving From Crisis To Opportunity
(Argus, 8.Oct.2020) — Since leaving Opec in January, Ecuador has been hit by oil market shocks, the Covid-19 pandemic, oil pipeline ruptures, and a staggering legacy of corruption in the...
Ecuador To Ink China Oil-backed Loan In Nov.: Ortiz
(Argus, 7.Oct.2020) — Ecuador hopes to sign a new $1.4bn oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading...
Ecuador Sues Odebrecht For $281mn Breach Of Contract
(Energy Analytics Institute, 7.Oct.2020) — Ecuador is suing CNO SA, formerly known as Construtura Norberto Odebrecht SA, for $281mn for breach of the construction contract for the pipeline Pascuales Cuenca...
Ecuador Names New Deputy Mines Minister
(Energy Analytics Institute, 6.Oct.2020) — Ecuador’s Minister of Energy and Non-Renewable Natural Resources René Ortiz commissioned César Vásquez as the country’s Deputy Minister of Mines. Vásquez is a mining engineer...
IMF OKs $6.5bn Extended Facility For Ecuador
(IMF, 1.Oct.2020) — The Executive Board of the International Monetary Fund (IMF) approved a 27-month extended arrangement under the Extended Fund Facility (EFF) for Ecuador, with access equivalent to SDR...
Ecuador Awaits Refinery Bids In December
(Argus, 23.Sep.2020) — Ecuador will receive bids to operate its 110,000 b/d Esmeraldas refinery on 22 December, a process that marks the end of state-owned PetroEcuador's downstream monopoly in the...
Ex-Vitol Trader Indicted In US Probe Of Ecuador Bribes
(Bloomberg, 22.Sep.2020) — A former manager at Vitol Group, the world’s largest independent oil-trading firm, was indicted for allegedly bribing Ecuadorian government officials to get business for his firm with...
Ecuador To Invest $1.2mn In El Cantón Arajuno Projects
(Energy Analytics Institute, 11.Sep.2020) — Authorities from Ecuador's Ministry of Energy and Non-Renewable Natural Resources (MENRNR) and the autonomous decentralized government of Arajuno announced development of electrical infrastructure in the...
Ecuador Announces PPS For Renewable Projects
(Energy Analytics Institute, 8.Sep.2020) — Ecuador revealed details of a public selection process (PPS) for a private sector concession for a block of non-conventional renewable energy projects, also known as...
New NW Operating Center To Service Over 50,000 Users
(Energy Analytics Institute, 7.Sep.2020) — The Quito Electric Company (EEQ by its Spanish acronym) announced initial operations on 7 September 2020 at the Northwest Operation Center and Los Bancos Agency...
Ecuador Briefs: MENRNR Appointments
(Energy Analytics Institute, 2.Sep.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR) announced new appointments at EP PetroEcuador and SCAN. Merino Avendaño Appointed New EP PetroEcuador General Manger...
Ecuador’s Oil Output At 512,439 B/d: MERNNR
(Energy Analytics Institute, 1.Sep.2020) — South America’s Ecuador, formerly a member of the Organization of Petroleum Exporting Countries (OPEC), announced production of crude oil reached 512,439 barrels per day on...
Ecuador Announces Date Of Consent Solicitation
(Ecuadorian Government, 28.Aug.2020) — The International Monetary Fund (IMF) announced today that it had reached a staff-level agreement on a new funded program for the Republic of Ecuador. Accordingly, the IMF...
EP PetroEcuador And PetroAmazonas EP To Merge
(Energy Analytics Institute, 28.Aug.2020) — Ecuador’s state oil and gas entities EP PetroEcuador and PetroAmazonas EP have been given the go ahead for a merger that will go into effect...
EP PetroEcuador Closes 4th Spot Sale For Napo Oil
(Energy Analytics Institute, 26.Aug.2020) — EP PetroEcuador held the last spot tender of the year, and in so doing awarded the export of 5,400,000 +/- 5% barrels of Napo crude...
EP PetroEcuador Awards Import Of NAO RON 93
(Energy Analytics Institute, 25.Aug.2020) — EP PetroEcuador awarded the importation of 2,950,000 barrels of High-Octane Naphtha (NAO) RON 93 to Trafigura Pte, which won the auction offering a differential of...
EP PetroEcuador Exports Industrial Residue To France
(Energy Analytics Institute, 18.Aug.2020) — EP PetroEcuador exported tons of industrial waste from the Esmeraldas Refinery for final disposal at treatment plants in France and with all the necessary permits...
MENRNR Authorizes Cos. For Conolophus Project
(Energy Analytics Institute, 17.Aug.2020) — The technical commission delegated by Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR) to carry out the public selection process (PPS) of the Conolophus...
EP PetroEcuador Obtains Permits From MAAE
(Energy Analytics Institute, 15.Aug.2020) — EP PetroEcuador, through the Suez-Ecuambiente consortium, obtained cross-border permits from Panama and France, as well as authorization from the Ministry of the Environment and Water...
Trafigura Wins Tender For 6.5 MMbbls Of Oriente Oil
(Energy Analytics Institute, 14.Aug.2020) — Ecuador’s state oil company EP PetroEcuador awarded the third spot market sale of 2020 for a volume of 6,480,000 barrels of Oriente crude oil of...
Officials From Ecuador And US Discuss Investments Ops
(Energy Analytics Institute, 31.Jul.2020) — Ecuador’s hydrocarbon ministry head René Ortiz and other authorities from Ecuador’s energy sector held a working meeting 28 July 2020 with the US assistant secretary...
Argentine Court Rejects Ecuadorian Judgment Against Chevron
(Chevron, 31.Jul.2020) — Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is the latest in a string...
Centro Sur Reveals Second Phase Of La Troncal Project
(Energy Analytics Institute, 30.Jul.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR by its Spanish acronym), through Empresa Eléctrica Regional Centro Sur CA (CentroSur), delivered to the market...
PetroAmazonas Reduces Activities In Block 43-ITT
(Energy Analytics Institute, 29.Jul.2020) — PetroAmazonas EP will reduce its work capacity by 30% in Block 43–ITT (Ishpingo, Tambococha, Tiputini), located in Orellana province, for 45 days. The decision was...
Ecuador Eyes Its First LNG Import Terminal
(Argus, 27.Jul.2020) — US firm Sycar plans to build Ecuador's first LNG import terminal, with construction expected to start in 2021. Sycar, in partnership with an unnamed LNG trading firm,...
Ecuador Seeking New Oil-backed Loan From China
(Argus, 13.Jul.2020) — Ecuador's austerity-minded government is in discussions with China to secure a new loan backed by oil sales. The fresh loan of at least $1.4bn would be secured...
PetroEcuador Continues With Elimination Process
(Energy Analytics Institute, 12.Jul.2020) — Technical staff with the Consortium Suez-Ecuambiente continues with previous work related to the export of hazardous waste from the Las Esmeraldas refinery, which consists of...
Ecuador Seeks Private Co. To Operate Esmeraldas
(Energy Analytics Institute, 10.Jul.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) together with state controlled EP PetroEcuador plan to define the contractual mechanism for a private investor...
MERNNR Extends Offers For El Aromo And Villonaco
(Energy Analytics Institute, 10.Jul.2020) — René Ortiz, the head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) extended terms for the delivery of technical and economic offers --...
Ecuador Eyes Mining Investments Of $1.3bn
(Energy Analytics Institute, 9.Jul.2020) — Ecuador envisions mining exploration investments of $1.3bn through January 2022, according to comments from the country’s Mines Vice Minister Fernando L. Benalcázar. Benalcázar’s comments came...