Ecuador Archives - Page 3 of 11 - Editores LatinPetroleum

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, Words: 95) — 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 […]

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.

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

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

CARACAS, VENEZUELA (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 […]

EAI Andean NRG dashboard 4Q:24 [pdf download]

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Dec.2024, Words: 60) — 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. […]

LatAm NRG heard: Energía Argentina and Transener, Tula and Salina Cruz refineries

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Dec.2024, Words: 250) — 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 […]

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

HOUSTON, TEXAS (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.

LatAm NRG matters: Mexico launches hydrocarbon sector strategy

HOUSTON, TEXAS (By Energy Analytics Institute, 15.Nov.2024, Words: 329) — 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.

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 from Pampa Energia to Ecopetrol and Petrobras

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Nov.2024, Words: 489) — 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 […]

LatAm NRG matters, highlights, heard: YPF partner search, Woodside acquires Tellurian

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) — 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 […]

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

PANAMA CITY, PANAMA (By Editors with Energy Analytics Institute, 7.Jul.2022, Words: 142) — 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 […]

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 […]