(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...
(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...
(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...
(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,...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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,...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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, 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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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,...
(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...
(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...
(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...
(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 --...
(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...
(Energy Analytics Institute, 8.Jul.2020) — René Ortiz, head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR), CELEC EP General Manager Gonzalo Uquillas Vallejo, and Ecuador’s Hydrocarbon Vice Minister...
(Reve, 8.Jul.2020) — The International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE) will boost ties to put the renewables driven energy transformation at the heart of...
(Amazon Watch, 2.Jul.2020) — Now 8 years since the court’s decision, the community will once again demand the Ecuadorian government comply with the ruling that requires the removal of buried...
(Energy Analytics Institute, 30.Jun.2020) — EP PetroEcuador awarded the second spot market sale of 2020 to US refining company Phillips 66 Company. The sale is for 3,600,000 barrels of Oriente...
(Argus, 8.Jun.2020) — State-owned PetroEcuador restarted the 360,000 b/d Sote crude pipeline today after completing a second bypass. Heavy rains ruptured the line in early April and caused erosion around...
(Energy Analytics Institute, 3.Jun.2020) — PetroAmazonas EP has developed 63.50 hectares of Block 43-ITT (Ishpingo, Tambococha, Tiputini) and Block 31, both located in the province of Orellana. Of the figure,...
(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide (SOx) even though preliminary reports...
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — Production from Ecuador’s state oil company PetroAmazonas EP and other private companies operating in the Andean country have reached 90% of levels seen...
(Amazon Watch, 18.May.2020) — Today, JPMorgan Chase – the largest bank in the United States and the largest banker of fossil fuels worldwide – will hold its Annual General Meeting....
(Energy Analytics Institute, Piero Stewart, 12.May.2020) — State oil company EP PetroEcuador automated the personnel selection process across Ecuador for the first time with use of a technological platform that...
(Energy Analytics Institute, Piero Stewart, 10.May.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) on 9 May 2020 lifted the force majeure declared on 10 April declared due...
(Fitch, 7.May.2020) — Fitch Ratings has affirmed the senior unsecured notes issued by Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP (PetroAmazonas) due in November 2020 at 'C'/'RR4'....
(Energy Analytics Institute, Piero Stewart, 7.May.2020) — EP PetroEcuador on 2 May 2020 started dispatching super gasoline from the Barbasquillo Clean Products Terminal located in Manta in order to satisfy...
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — EP PetroEcuador reprogrammed its imports of high-octane naphtha ron 93, naphtha ron 80, premium diesel, cutter stock and diesel oil. “Derivatives imports have...
(Argus, 5.May.2020) — State-owned PetroEcuador has delayed all fuel imports that were supposed to arrive in May and June because of a sharp decline in demand. The delayed imports include...
(Energy Analytics Institute, Piero Stewart, 1.May.2020) — Intervention activities continue at 40 defined sites in Ecuador, of which at least 220 focal points have been established to concentrate on environmental...
(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...
(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...
(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...
(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)...
(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...
(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...
(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) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 9 April 2020, via webinar. Excellencies, Over the course...
