(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 with Ecuadorian law, the ministry announced 24 April 2020 in an official statement. __________ By Piero Stewart. © Energy Analytics […]
Category: Ecuador
Ecuador energy
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
(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 exports into May. PetroEcuador said it has pushed 10 crude export loadings from April to May as it works to […]
Ecuador Oil Flow Falls, Pipeline Repairs Advance
(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 exports into May. PetroEcuador said it has pushed 10 crude export loadings from April to May as it works to […]
MERNNR Extends Deadline For El Aromo, Villonaco
(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) photovoltaic and Villonaco II and III (110 megawatt) wind projects planned for the provinces of ManabĂ and Loja, respectively. The […]
Mexico Agrees To Reduce Oil Production By 100,000 B/D
(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 Countries (OPEC) and OPEC+. Representatives from OPEC and OPEC+ lobbied for Mexico to cut production by 400,000 b/d, but the […]
Ecuador Oil Spill In the Amazon
(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 in an official statement issued April 7, 2020. The ruptures occurred as a result of a reduction in pipe pressure […]
Collapsing Demand Sets Terms In OPEC+ Battle
(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 market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in […]
Brief Intro Remarks By OPEC Secretary General
(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 of the last few months, COVID-19 has pervaded almost every aspect of life. We see it in the lockdowns initiated […]
EP PetroEcuador Halts FCC Unit At Las Emeraldas
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — EP PetroEcuador announced an issue related to the National Interconnected System (SNI) on 7 April 2020 caused an unscheduled failure in the process units of the Las Esmeraldas refinery. As a consequence of the emergency stoppage, damage occurred to the F-C1 compressor of […]
EP PetroEcuador Says SOTE Halted Due To Sinking
(Energy Analytics Institute, Piero Stewart, 7.Apr.2020) — EP PetroEcuador announced suspension of operations at the Sistema de Oleducto Transecuatoriano (SOTE) due to the sinking of a portion of the pipeline in a sector of San Rafael, located between the provinces of Napo and SucumbĂos. The TransEcuadorian Pipeline System, as it […]
EP PetroEcuador Suspends Operations At La Libertad
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — State oil company EP PetroEcuador announced plans to suspend activities at the La Libertad refinery located in Santa Elena province for 14 days, effective Saturday 4 April 2020, to safeguard the health of its employees. Approximately 63 technician and operative employees at the […]
EP PetroEcuador Reinforcing Security Measures At El Chorrillo
(Energy Analytics Institute, Piero Stewart, 26.Mar.2020) — EP PetroEcuador is reinforcing security measures at its facilities to face the country’s health emergency, including measures at the El Chorrillo LPG Storage and Distribution terminal located in Guayas province, which continues with its LPG delivery operations. EP PetroEcuador has ordered that minimum […]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances of output cuts and investment delays in coming months. Global oil price benchmarks have had their steepest declines in decades in a perfect storm of […]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices that left some heavy grades below the $10-per-barrel level, traders from producing companies told Reuters on Friday. Latin American crude prices have fallen by around […]
EP Petroecuador Says Activities Normal
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador announced 18 March 2020 in an official statement that it guarantees normal development of its activities and operations related to the commercialization of derivatives for national and international consumption. PetroEcuador Fuel Shipments 16-19 March 2020 LIQUEFIED PETROLEUM […]
PetroEcuador Implementing Coronavirus Protocols
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador has begun to implement office protocols to reduce the spread of coronvirus. Once Ecuador declared a health emergency, PetroEcuador began to implement safety precautions that would allow its activities to continue including those related to signing contracts […]
Gunvor Awarded Nafta Import Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 18.Nov.2020) — Ecuador’s state oil company EP PetroEcuador awarded the company Gunvor S.A. a deal for the importation of 590,000 barrels of Nafta Ron N° 80, which is used as a mixture for the manufacture of gasoline. Gunvor won the tender with a positive differential […]
Ecuador Issues Sanitary Emergency Decree
(Energy Analytics Institute, Piero Stewart, 14.Mar.2020) — Ecuador’s government has issued a sanitary emergency decree in response to the coronavirus pandemic, according to details revealed in an official statement from state oil company EP PetroEcuador. © Energy Analytics Institute (EAI). All Rights Reserved. ***
EP PetroEcuador GM Visits Balao Maritime Terminal
(Energy Analytics Institute, Piero Stewart, 11.Mar.2020) — EP PetroEcuador General Manager Pablo Flores supervised operations at the Esmeraldas Maritime Port and the Balao Maritime Terminal, which are part of the Trans-Ecuadorian Pipeline System (SOTE), and where the company carries out crude oil export activities essential for Ecuador’s economy. During the […]
EP PetroEcuador Awards First Spot Sale Of 2020
(Energy Analytics Institute, Piero Stewart, 19.Feb.2020) — Ecuador’s state oil entity EP Petroecuador awarded its first spot market sale of 2020 to refining company Phillips 66 Company. The deal is for approximately 1,080,000 barrels of 24-degree API crude oil, EP PetroEcuador announced 19 February 2020 in an official statement. EP […]
PetroEcuador Renegotiates Deal With Asia’s PTT
(Energy Analytics Institute, Piero Stewart, 21.Feb.2020) — Empresa PĂşblica PetroEcuador completed negotiations with Thailand state-owned company PTT International Trading PTE. LTD. related to reprogrammed 6,480,000 barrels of crude oil, equivalent to 18 shipments of 360,000 barrels each. The volume represents estimated income of $373,705,202, since the barrels can be marketed […]
Plans For An Ecuadorian LNG Terminal
(Sycar, 31.Jan.2020) — SYCAR LLC is working with a mayor LNG Trading firm for the development of a LNG import terminal for Ecuador, South America. The project includes port facilities for the berthing of an a FSRU to supply RLNG to an existing power plant and an LNG truck filling […]
EP PetroEcuador Inks La Esperanza Aqueduct Deal
(Energy Analytics Institute, Piero Stewart, 23.Jan.2020) — An inter-institutional agreement between EP PetroEcuador and the municipalities of Manta, JaramijĂł and Montecristi aims to provide a solution to problems related to the La Esperanza aqueduct. Ecuador’s government — through state oil company PetroEcuador — and in coordination with the aforementioned municipalities, […]
CELEC To Invest In Highway Near Hydroelectric Plants
(Energy Analytics Institute, Piero Stewart, 9.Jan.2020) — Ecuador’s Electric Corporation (CELEC EP) and the Sub-secretariat Zonal 6 of the Ministry of Transportation and Public Works (MTOP) signed an agreement for the maintenance of the Sevilla de Oro – Guarumales highway – MĂ©ndez, located in the area of influence of the […]
PetroAmazonas Boosted Output 4% In 2019
(Energy Analytics Institute, Piero Stewart, 3.Jan.2019) — Ecuador’s state oil company PetroAmazonas EP boosted its production of crude oil by 4% in 2019, according to the country’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR). PetroAmazonas’ production reached 423,970 barrels of oil equivalent per day (boe/d) in 2019 — which […]
Ecuador Producing 537,689 Barrels Per Day
(Energy Analytics Institute, Piero Stewart, 2.Jan.2019) — South America’s Ecuador is producing 537,689 barrels per day of crude oil, the country’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR) announced 2 January 2020 in an official statement. *** © Energy Analytics Institute (EAI)
Ecuador Officially Exits OPEC
(Energy Analytics Institute, Piero Stewart, 2.Jan.2020) — Ecuador officially exited the Organization of Petroleum Exporting Countries or OPEC, effectively 1 January 2020. The small South American country plans to divert monies previously devoted to OPEC to activities such as exploration and exploitation with aim to boost domestic production of crude […]
IMO 2020 May Slow Ecuador Loan Repayment
(Argus, 30.Dec.2019) — Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador’s repayment of its oil-backed debt and limit availability for spot market exports in the first half of 2020. Ecuador produces heavy sour Napo and medium sour Oriente crudes. It owes […]
EP PetroEcuador Ends Bajo Alto Plant Maintenance
(Energy Analytics Institute, Piero Stewart, 26.Dec.2019) — A scheduled stoppage at the Bajo Alto Natural Gas Liquefaction Plant located in the El Guabo in the province of El Oro concluded on 24 December 2019 and the plant commenced operations again on 26 Dec. Work at the plant — which cost […]
EP PetroEcuador Ends Stoppage At Shushufindi
(Energy Analytics Institute, Piero Stewart, 25.Dec.2019) — EP PetroEcuador initiated start-up activities on 25 December 2019 at the Crude Unit 2 (R2) of the Shushufindi Refinery, located in the province of SucumbĂos, after 48 days of scheduled maintenance work began. Work over the past two months has cost the company […]
EP PetroEcuador To Invest $700,000 In Pipe Replacement
(Energy Analytics Institute, Piero Stewart, 22.Dec.2019) — EP PetroEcuador announced that technicians from the company will carry out installation of a new 5.6-kilometer stretch of pipeline tubing that transports Cutter Stock diluent used at the Las Esmeraldas Refinery. Work on the pipeline section will last an estimated ten months and […]
Shushufindi-Quito Pipeline Repairs Finished
(Energy Analytics Institute, Piero Stewart, 21.Dec.2019) — Ecuador’s state oil company EP PetroEcuador announced completion of repair work at the Shushufindi-Quito Poly-duct Pipeline within 24 hours of the initial stoppage. Related Story: Operations Halted At Shushufindi-Quito Pipeline The pipeline runs about 305.5 kilometers from the Shushufindi refinery in the province […]
Operations Halted At Shushufindi-Quito Pipeline
(Energy Analytics Institute, Piero Stewart, 20.Dec.2019) — Operations at the Shushufindi-Quito poly-duct pipeline have been halted due to a fissure detected in the Baeza sector, which lead to the spill of base gasoline. Environmental protection and restoration equipment as well as personnel have been deployed to the location to contain […]
Lukoil Pan Americas Wins Naphtha Ron 85 Tender
(Energy Analytics Institute, Piero Stewart, 20.Dec.2019) — EP PetroEcuador awarded Lukoil Pan Americas Llc a contract to import 1,770,000 barrels of Naphtha Ron 85, a mixing component in the production of gasoline. Approximately 44 companies were invited to the international tender in which nine valid offers were received from Gunvor […]
Damages Awarded To Perenco For FET Breach In Ecuador
(Institutional Institute for Sustainable Development, 17.Dec.2019) — A long-standing tribunal under the France–Ecuador BIT has issued its final award on compensation. The award orders Ecuador to compensate oil and gas investor Perenco Ecuador Limited (Perenco) almost USD 449 million for Ecuador’s imposition of a 99 per cent windfall profit tax […]
Trafigura Awarded Premium Diesel Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 16.Dec.2019) — EP PetroEcuador awarded Trafigura Pte. Ltd. a contract to import of 3,360,000 barrels +/- 2% of Premium Diesel. The fuel will be imported in 14 shipments of 280,000 barrels +/- 2%, each, and the initial shipment will arrive between 22-24 December 2019, EP […]
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2020 outlook. The outlook presumes continued high geopolitical risks to oil supply, a slight recovery in oil demand driven by IMO […]
EP PetroEcuador, Freepoint Ink Fuel Oil Deal
(Energy Analytics Institute, Piero Stewart, 29.Nov.2019) — EP Petroecuador awarded the export of 380,000 barrels of Fuel Oil No. 4 to Freepoint Commodities LLC. Freepoint won the contract by presenting a negative $1.88 per barrel differential, EP PetroEcuador announced Nov. 29 in an official statement, adding the international benchmark for […]
EP PetroEcuador, Glencore Ink Cutter Stock Deal
(Energy Analytics Institute, Piero Stewart, 28.Nov.2019) — Ecuador’s state oil and gas company EP Petroecuador awarded Glencore Ltd. a contract to import 1,050,000 barrels of Cutter Stock. Glencore won the contract by presenting a positive $1.77 per barrel differential, EP PetroEcuador announced Nov. 28 in an official statement. In accordance […]
Ecuador’s New Minister Eyes $6.9bn In Investments
(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister JosĂ© Agusto announced the South American country continues with plans for another bid round, while he added the country has also attracted investor interest in a new refinery. Ecuador, which recently experienced weeks of protests related to a failed […]
Ecuador Inaugurates Galapagos Photovoltaic Plant
(Energy Analytics Institute, Piero Stewart, 21.Nov.2019) — An energy storage system comprised of batteries of 2.2 megawatt hours was inaugurated on 21 Nov. 2019 on the island of San Cristobal, province of Galapagos. Construction of the new 1-megawatt photovoltaic power plant will cost an estimated $5.8 million, Ecuador’s Ministry of […]
Ecuador Names New Energy Minister
(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its mining sector. Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons. Agusto has previously worked […]
GeoPark Announces All-Cash Deal With Amerisur
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador announces the acquisition of Amerisur Resources Plc. Strategic Rationale: Capturing Scale GeoPark has a 17-year track record of creating value […]
ENAP Reports Record Production In Ecuador
(Energy Analytics Institute, Piero Stewart, 15.Nov.2019) — Chile’s state oil company ENAP reported record production of 23,089 barrels per day of crude oil in Ecuador. The production level — reached on 29 October 2019 — is the highest level reached by ENAP Ecuador since it commenced operations in the Andean […]
Ecuador Oil Minister Resigns
(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 country was rocked by violent protests over a planned fuel price hike. President Lenin Moreno in October rolled back a […]
Ecuador’s Block 43 ITT Output Above 86.6 Mb/d
(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 ITT has reached consolidation as the area with the highest oil production in the Andean country, surpassing Auca, Shushufindi and […]
LatAmNRG Ecuador Briefs: Force Majeure Lifted
(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 Lifts Force Majeure (Energy Analytics Institute, Piero Stewart, 20.Oct.2019) — EP PetroEcuador on Oct. 20 lifted force majeure, which had […]
Ecuador Resumes Exports After Protests
(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 majeure. Ecuador on Oct 9 halted crude sales and shut a crucial state oil pipeline because at least 20 fields […]
Bolivia Crippled As Leftist Leader Faces Vote
(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. The result: An 8 kilometer (5 mile) deep dry hole. There’s arguably no more apt symbol for the situation facing […]
Fuel Supplies Restart In Ecuador’s Carchi Province
(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 at the Esmeraldas Refinery. Additionally, Ecuador’s ARCH verified the normal commercialization of liquefied petroleum gas (LPG) throughout the province, with […]