(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) â Schlumberger is said to be contemplating ânew investmentsâ in Ecuador. The announcement was revealed after a meeting between […]
Category: Ecuador
Ecuador energy
EP PetroEcuador Manager Supervises Terminal Operations [Video]
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) â EP PetroEcuador General Manager Pablo Flores supervised operations at the El Chorrillo, Pascuales and a EstaciĂłn de Transferencia […]
EP PetroEcuador controls fire at Esmeraldas refinery AOV 14 tank
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018, Words: 91) â Today at approximately 12:10 pm a fire was reported at the Esmeraldas Refinery AOV 14 Asphalt […]
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
(Bloomberg, 27.Sep.2018) â New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela SA, an exporter […]
OPEC’s Decade of Turmoil Leaves Cartel Seeking a New Way Forward
(Bloomberg, Christopher Sell, 20.Sep.2018) â A global recession, both $140 and $30 oil, the U.S. shale revolution, a market-share war, and output cuts. OPECâs 60-year […]
EP Petroecuador Detects Illegal Connection at Shushufindi Refinery
(Energy Analytics Institute, Piero Stewart, 15.Sep.2018) â EP Petroecuador detected a clandestine connection in the liquids line of the northern section of the gas capture […]
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
(Bloomberg, Grant Smith. 13.Sep.2018) â The International Energy Agency warned that oil prices could break out above $80 a barrel unless other producers act to […]
Venezuela’s Aug. 2018 Oil Output Continues Decline: OPEC MOMR
(Energy Analytics Institute, Jared Yamin, 12.Sep.2018) â Venezuelaâs oil production seems on an unstoppable downward trend. The OPEC countryâs production of crude oil fell 2.9 […]
Ecuador Holds Open Licensing Round for Eight Onshore Blocks
(World Oil, 12.Sep.2018) â Carlos PĂ©rez Garcia, Minister of Energy and Non-renewable Resources in Ecuador has announced an open licensing round for eight blocks onshore […]
Venezuelaâs Oil Output Continues Fall, Ecuadorâs Rises in Aug. 2018
(Energy Analytics Institute, Piero Stewart, 12.Sep.2018) â Crude oil production in August 2018 in South Americaâs lone OPEC member countries, Venezuela and Ecuador, continued along […]
International Tribunal Rules for Chevron in Ongoing Ecuador Case
(OGJ, Nick Snow, 10.Sep.2018) â An international tribunal administered by the Permanent Court of Arbitration in The Hague found that a $9.5-billion judgment that Ecuadorâs […]
Chevron Wins Ecuador Rainforest âOil Dumpingâ Case
(BBC, 8.Sep.2018) â An international tribunal in The Hague has ruled in favour of the US oil company, Chevron, in an environmental dispute with the […]
Esmeraldas Refinery Stoppage Delayed Until March 2019
(Energy Analytics Institute, Ian Silverman, 22.Aug.2018) â A scheduled 54-day stoppage at the Esmeraldas Refinery for the maintenance of the Non-Catalytic 1 and Catalytic 1 […]
Ecuador to Save $1 Bln With New Economic Measures
(Energy Analytics Institute, Ian Silverman, 21.Aug.2018) â The government of Ecuador aims to save about $1 billion annually with the implementation of new economic measures. […]
Four Cos. to Invest $727 Mln in Ecuador
(Energy Analytics Institute, Jared Yamin, 18.Aug.2018) â Ecuador announced four companies would invest $727.85 million to boost production in a number of fields. The companies […]
Guyana to Become 5th Largest Oil Producer in LAC Region
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) â If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the […]
OPEC MOMR Shows Further Oil Declines in Venezuela
(Energy Analytics Institute, Piero Stewart, 14.Aug.2018) â Venezuelaâs crude oil production declines seem unstoppable. Venezuelaâs crude oil production fell to 1.278 million barrels per day […]
CNEL EP Names Veintimilla General Manager
(Energy Analytics Institute, Ian Silverman, 13.Aug.2018) â The National Electricity Corporation (CNEL EP) named Wilfrido Demetrio Veintimilla Terreros, a professional with 41 years of experience […]
World Bank Says Oil To Average $65 in 2019
(Energy Analytics Institute, Jared Yamin, 12.Aug2018) â The World Bank expects the price of oil to average $65 per barrel in 2019. âOil prices are […]
Petroamazonas EP Says Block 43 ITT Producing 75,000 b/d
(Energy Analytics Institute, Ian Silverman, 9.Aug.2018) â Block 43 ITT, located in the province of Orellana, is currently producing 75,000 barrels per day. Production at […]
Glencore Lands PetroEcuador ‘Spot’ Deal
(Energy Analytics Institute, Ian Silverman, 14.Jul.2018) â Glencore Ltd won a recent EP PetroEcuador spot auction, which guarantees the Ecuadorian entity income of $279.3 million. […]
Ecuador Non-Oil Exports Up in 2018
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) â Non-petroleum exports from the South American country rose to $5,484 million from January to May of 2018 compared […]
Ecuador Extracting Nearly 523 Mb/d
(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) â The South America country is currently extracting nearly 523,000 barrels per day of crude oil, announced the daily […]
ENAP to Spend $65.2 Mln in Ecuador
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) â ENAP announced it will increase investments in three fields it operates in Ecuador. âThe new agreement stipulates an […]
Ecuador Court Upholds $9bn Chevron Ruling
(AP, 13.Jul.2018) â Ecuador’s highest court has upheld a US$9.5 billion judgment against oil giant Chevron for decades of rainforest damage. Plaintiffs celebrated the constitutional […]
Ecuadorâs ITT Output Around 60 Mb/d
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) â Oil production from the Ishpingo, Tambococha and Tiputini or ITT field is around 60,000 barrels per day. With […]
Indigenous Groups Await Chevron Payments
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) â Indigenous groups in Ecuador that were affected by activities of San Roman, California-based Chevron in the country continue […]
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) â Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, […]
Ecuador, Venezuela Output Down, OPEC Reports
(Energy Analytics Institute, Ian Silverman, 11.Jul.2018) â The Organization of Petroleum Exporting Countries published its July 2018 edition of its Monthly Oil Market Report (MOMR). […]
EP PetroEcuador, Politécnica Nacional Sign Deal
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) â EP PetroEcuador and the Escuela PolitĂ©cnica Nacional (EPN by its Spanish acronym) signed an Inter-institutional Technical Cooperation Agreement […]
UDLA Students Visit Soil Treatment Center
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) â Nearly 27 engineering students studying Environmental Engineering and Biotechnology Engineering at Ecuador’s Americas University (Universidad de las AmĂ©ricas […]
PetroAmazonas EP Producing Close to 405 Mb/d
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) â Ecuadorâs PetroAmazonas EP actual production is close to 405,000 barrels per day (b/d). The companyâs average cost was […]
Ecuador Cos Invest $400 Mln in Certificates
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) â The two electric companies from the South American country will invest a total of $400 million in Treasury […]
Ecuador Looks to Avoid Issuing More Debt
(Energy Analytics Institute, Jared Yamin, 4.Jul.2018) â The South America country will explore other financial options to cover its deficit of some $9.5 billion. âWe […]
OPEC Ministerial Meeting in December
(Energy Analytics Institute, Piero Stewart, 25.Jun.2018) â Ministers from the Oil Exporting Countries Organization (OPEC) announced during meetings in Vienna, Austria that the 5th OPEC+ […]
OPEC Planning to Boost Output by 1 MMb/d
(Energy Analytics Institute, Jared Yamin, 22.Jun.2018) â OPEC is looking to boost crude oil output by 1 million barrels per day (MMb/d). The production agreement […]
OPEC’s Vienna Meeting: The Challenge of Failing NOCs
(The Council on Foreign Relations, Amy Myers Jaffe, 19.Jun.2018) â As energy ministers from major oil producing countries gather in Vienna this week to discuss […]
PetroAmazonas Production Costs Below $20/bbl
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) â Production costs at the state entity remain below the $20 per barrel mark. PetroAmazonas EPâs production costs rose […]
PetroEcuador Activities Normal After Earthquake
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) â Ecuadorâs EP PetroEcuador announced all its activities continue under normal conditions after a magnitude 5 earthquake was reported […]
Ecuador Oil Output at 519 Mb/d in May 2018
(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) â Ecuadorâs production of crude oil reached 519 thousand barrels per day (Mb/d) in May 2018, up compared to […]
Venezuela Oil Output Slides to 1.4 MMb/d in May 2018
(Energy Analytics Institute, Piero Stewart, 14.Jun.2018) â Venezuela’s oil production continues its downward slope. Venezuelaâs crude oil production fell to 1.392 million barrels per day […]
Ecuador Producing 522 Mb/d of Crude Oil in late May 2018
(Energy Analytics Institute, Jared Yamin, 29.May.2018) â- South Americaâs Ecuador is producing 522,372 barrels per day. Total crude oil production from the small OPEC member […]
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) â Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its âEnergy Education Initiativeâ in the Americas, also known […]
ECLAC Ssays Venezuelaâs Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) â The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by […]
Pampa EnergĂa Announces Settlement Agreement in Ecuador
(Pampa EnergĂa S.A., 19.Mar.2018) â Pampa EnergĂa S.A. announced that regarding the conflict that EcuadorTLC (a subsidiary company established in the Republic of Ecuador and […]
Shushufindi Plant Has 20 Mb/d LPG Capacity
(Energy Analytics Institute, Clifford Fingers III, 10.Mar.2017) â Ecuador’s Shushufindi refinery has the capacity to bottle or fill 20,000 cylinders per day of liquefied petroleum […]
ICSID Orders Ecuador Pay ConocoPhillips $380 Mln
(ConocoPhillips, 8.Feb.2017) â ConocoPhillipsâ wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the […]
Ecuador Announces $1 Billion Bond Placement
(Energy Analytics Institute, Ian Silverman, 16.Jan.2017) â Ecuador, the only other Latin American country to belong to the Organization of Petroleum Exporting Countries (OPEC), successfully […]
PetroEcuador Reports Increase In Shareholder Equity
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â EP PetroEcuador announced its Shareholder’s Equity rose to $5.659 billion in 2015 compared to $3.914 billion in […]
Ecuador’s SOTE Pipeline Spans 503 Kms
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) â Ecuador’s SOTE pipeline spans 503 kilometers from the pumping station Lago Agrio No. 1 in the Amazon […]