(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...
(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...
(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...
(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...
(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....
(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...
(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...
(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...
(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...
(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, 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, 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...
(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...
(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, 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...
(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...
(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),...
(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, 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, 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...
(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...
(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...
(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)....
(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...
(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 --...
(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...
(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...
(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, 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, 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...
(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...
(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...
(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...
(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%...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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, 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...
(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...
(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...
(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...
(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...
(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...
(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)....
(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...
(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. 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, 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...
(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...
(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...
(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...
(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...
(Bloomberg, Stephan Kueffner and Ben Bartenstein, 20.Feb.2019) — Ecuador’s benchmark bonds soared to a six-month high after President Lenin Moreno’s government secured a $4.2 billion loan package from the International...
(Energy Analytics Institute, Pierto Stewart, 2.Jan.2019) — Ecuador adjusted downward amounts estimated for subsidies contemplated in the country’s pro forma budget for 2019, approved in Nov. 2018 by the Assembly,...
(Energy Analytics Institute, Ian Silverman, 1.Jan.2019) — Heard on the street and LatAmNRG briefs on fluctuating prices for super gasoline in Ecuador; and Ecuador’s government favoring $50.05 per barrel oil...
(Energy Analytics Institute, Aaron Simonsky, Piero Stewart, and Jared Yamin, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on complaints from oil executives in Argentina over constant changes at...
(Energy Analytics Institute, Piero Stewart, 27.Dec.2018) — Petroecuador completed its fourth spot market sale of crude oil in 2018, with the export of 1,080,000 barrels of Oriente crude of 24-degree...
(Oilprice.com, Tsvetana Paraskova, 20.Dec.2018) — U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the...
(Energy Analytics Institute, Piero Stewart, 19.Dec.2018) — Ecuador’s state oil company Petroecuador and Amerisur Exploración Colombia Limitada signed a contract for the transport of Colombia crude through the SOTE, from...
(Energy Analytics Institute, Jared Yamin, Ian Silverman and Aaron Simonsky, 11.Dec.2018) — Heard on the street and other LatAmNRG briefs about Chile’s electric buses, Echo Energy’s well stimulation in Argentina,...
(Energy Analytics Institute, Piero Stewart, 29.Nov.2018) — Normal procedures at heavy oil wells produce water extraction at greater proportions than crude oil, announced an official at Petroamazonas. To be precise,...
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 28.Nov.2018) — EP PetroEcuador will open envelopes related to the importation of 3,120,000 barrels plus or minus (+/-) 2% of Premium Diesel...
(Energy Analytics Institute, Piero Stewart, 28.Nov.2018) — The government of Ecuador intends to extract 49% more oil from the Ishpingo-Tambococha-Tiputini (ITT) block in 2019, according to data from Petroamazonas EP....
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On...
(Energy Analytics Institute, Piero Stewart, 13.Nov.2018) — EP Petroecuador will open envelopes today related to the import of 3,120,000 barrels (plus or minus 2%) of No. 2 Diesel Oil No....
(Energy Analytics Institute, Piero Stewart, 11.Nov.2018) — Ecuador announced it will utilize a $58.29 per barrel oil price to calculate projected oil export revenues in 2019, reported online media El...
(Energy Analytics Institute, Piero Stewart, 10.Nov. 2018) — EP Petroecuador signed a contract with OCP Ecuador S.A. on November 9, 2018 to renew the transportation of crude oil from Lago...
(Energy Analytics Institute, Piero Stewart, 10.Nov.2018) — Ecuador’s Minister of Energy and Non-Renewable Natural Resources Carlos Pérez García has requested that the Comptroller of the country carry out a special...
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2018) — Ecuador’s Joint Task Force Armed Forces discovered 38 tanks filled with 55 gallons of fuel in an operation carried out on October 31,...
(Energy Analytics Institute, Piero Stewart, 13.Oct.2018) — Venezuela has solicited an audit of costs related to the Pacific Coast Refinery and Río Napo JV in order to discuss potential investment...