(Energy Analytics Institute, Piero Stewart, 2.Jul.2016) – Venezuela's President Nicolas Maduro held a meeting with Citizens Energy Corporation founder Joseph Kennedy in Caracas to discuss matters related to the U.S.-based...
(Exxon Mobil, 30.Jun.2016) – Exxon Mobil Corporation said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with...
(Wood Group, 28.Jun.2016) – Wood Group was awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services to South Atlantic Holding (owned by Statoil and partner...
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – EP PetroEcuador announced its Shareholder's Equity rose to $5.659 billion in 2015 compared to $3.914 billion in 2014, reported the state company...
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – Ecuador's SOTE pipeline spans 503 kilometers from the pumping station Lago Agrio No. 1 in the Amazon to the Balao Maritime Terminal...
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – The TranEcuadorian Oil Pipeline (SOTE by its Spanish acronym) was inaugurated on June 26, 1972 with a capacity to transport 250,000 barrels...
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – Trafigura PTE LTD won a bid by EP PetroEcuador whereby the former will export 950,000 barrels of No. 6 Fuel Oil, announced...
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – EP PetroEcuador revealed some of its goals for 2016, reported the state company in an official statement. The goals for 2016 include,...
(Energy Analytics Institute, Jared Yamin, 25.Jun.2016) – U.S. President Barack Obama insists the Venezuelan government respect the democratic process regarding calls for a recall referendum against Venezuelan President Nicolas Maduro,...
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) – PDVSA's inventory of drilling rigs in Venezuela at the end of May 2016 reached 311 units, of which 156 were owned by the...
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) – Venezuela sent two fuel tankers at full capacity to Singapore, reported Reuters. The tankers, New Dream, rented by PetroChina, Britanis, and Trafigura, are...
(Energy Analytics Institute, Jared Yamin, 24.Jun.2016) – PDVSA President Eulogio Del Pino ordered the investigation into presumed acts of corruption and bribery within the state oil company, reported the daily...
(Energy Analytics Institute, 24.Jun.2016, Clifford Fingers III) – EP PetroEcuador turned over formal activities related to the containment, cleaning and monitoring along the Daule river, kilometer 24 in the Merced...
(Ecopetrol S.A., 24.Jun.2016) – Ecopetrol S.A. announced that it launched 'Ronda Campos 2016,' a public and competitive bidding process, the objective of which is to offer to oil and gas...
(Energy Analytics Institute, Jared Yamin, 21.Jun.2016) – PDVSA has increased the recovery factor to 35 percent from 20 percent in the South Junín district of the Orinoco Heavy Oil Belt...
(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador has decided it will allow its service stations to again distribute alcoholic beverages. The distribution of alcoholic beverages at the stations...
(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador's oil output reached 556,000 barrels per day in May of 2016, up sequentially from 555,000 barrels per day in April of...
(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) – PDVSA's Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent completion of work on a...
(Energy Analytics Institute, Jared Yamin, 17.Jun.2016) – YPFB and Gazprom signed an agreement for the evaluation of the hydrocarbon potential of three areas reserved for YPFB. The agreement was signed...
(Exxon Mobil, 18.Jun.2016) – Exxon Mobil Corporation has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in...
(Energy Analytics Institute, Jared Yamin, 16.Jun.2016) – Venezuela has to learn to live with oil prices between $40 per barrel and $45 per barrel in order to stop its oil...
(Energy Analytics Institute, 16.Jun.2016, Clifford Fingers III) – Three companies, Adelca, Novacero and Practipower, presented their bids to buy an estimated 6,500 tons of salvage left over from the Esmeraldas...
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – Latin American oil producer Venezuela plans to increase the supply of natural gas in its domestic market by reducing flaring and using the...
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – PDVSA and Japan's Inpex invested $350 million to improve gas compression operations at the Copa Macoya plant in Guarico state, and boost output...
(Energy Analytics Institute, Jared Yamin, 15.Jun.2016) – Demand for fuels in Colombia increased 11 percent due to the closing of the border with Venezuela, wrote Colombia's Energy Vice Minister in...
(Petrobras, 15.Jun.2016) – Petrobras informed the United States Court of Appeals for the Second Circuit issued an order granting Petrobras’s petition to permit an appeal from the order of the...
(Petrobras, 15.Jun.2016) – Petrobras started the competitive process to sell Liquigás Distribuidora S.A., a wholly-owned, privately-held subsidiary operating in the bottling, distribution and selling of liquefied petroleum gas (LPG). Liquigás...
(Petrobras, 15.Jun.2016) – The Libra Consortium has concluded the drilling and evaluation of the seventh well in the block, located in the pre-salt of the Santos Basin. The well found...
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela continues to discuss matters with China regarding a grace period for the South American country to pay back loans to the Asian...
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela's President Nicolas Maduro said his country needs to boost its crude oil output over the next six months in accordance with the...
(Energy Analytics Institute, Jared Yamin, 12.Jun.2016) – PDVSA continues to seek a friendly settlement with PetroPar in regards amounts it is owed by its Paraguayan counterpart, announced PDVSA in an...
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) – Officials from YPFB and its Paraguayan counterpart PetroPar meet with LPG distributors in Paraguay to evaluate the expansion of sales and purchase agreements....
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) — Schlumberger's fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA in an official statement on...
(Energy Analytics Institute, Pietro D. Pitts, 11.Jun.2016) – Authorities from the governments of Aruba, the Bolivarian Republic of Venezuela, and officials from Venezuela's state oil company Petróleos de Venezuela, S.A....
(Ecopetrol, 10.Jun.2016) — Ecopetrol S.A. reports that, on 8 June 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution 1657 of 7 June 2016)...
(Ecopetrol S.A. 10.Jun.2016) – Ecopetrol S.A. reports that, on June 8, 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution 1657 of June 7,...
(Energy Analytics Institute, Jared Yamin, 10.Jun.2016) — PDVSA and oil field services giant Schlumberger continue to maintain their operational relationship, reported PDVSA in an official statement, citing a Schlumberger legal...
(Wood Group, 9.Jun.2016) – Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, created a joint venture engineering business to capitalize on Mexico's energy...
(Energy Analytics Institute, 8.Jun.2016, Clifford Fingers III) – Ecuador will benefit financial from the recently completed overhaul of the Esmeraldas refinery. The country will save more than an estimated $1...
(GeoPark Limited, 8.Jun.2016) – GeoPark Limited announced the start-up of its drilling program in the Llanos 34 Block (GeoPark operated with a 45 percent working interest) in Colombia. GeoPark’s 2016...
(Gran Tierra Energy Inc., 8.Jun.2016) – Gran Tierra Energy Inc. announced the receipt of a positive decision from the Chamber of Commerce of Bogotá Center for Arbitration and Conciliation tribunal...
(Fitch Ratings, 8.Jun.2018) – Fitch Ratings rates the $500 million reopening of Ecopetrol S.A.'s 5.875% notes due in 2023 'BBB'. The company expects to use the proceeds from the proposed...
(Energy Analytics Institute, Jared Yamin, 8.Jun.2016) – Royal Dutch Shell, which ceased to operate in Bolivia in June of 2008, has laid out exploration and exploitation plans for the small...
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay plans to pay back its $287 million debt with PDVSA in 2023, reported the daily newspaper Noticias24, citing Paraguayan Industry and Commerce...
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay does not need to issue bonds to pay off an outstanding debt with Venezuela's state oil company PDVSA, according Paraguay's Finance Minister...
(Petrobras, 8.Jun.2016) – Petrobras' total oil and natural gas production in May reached 2.83 million barrels of oil equivalent per day (MMboe/d), up 5 percent compared to April (2.69 MMboe/d)...
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Argentina established a ceiling for subsidized gas invoices at 400 percent for private entities, and 500 percent for business entities. The prices will...
(Ecopetrol S.A., 7.Jun.2016) – Ecopetrol S.A. announced that its Board of Directors, in a session held on June 6, 2016, approved the implementation of "Hedge of a net investment in...
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia plans investments of $21.350 billion on hydroelectric projects that have potential to generate an estimated 8,575 megawatts (MW) of energy. Bolivia is...
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia's Central Bank approved a credit for YPFB for 12,858.26 million Bolivian bolivianos to finance construction of a propylene and polypropylene plant in...
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – YPFB plans to sign exploration contracts with its Argentine and Brazilian counterparts in July. YPFB will sign exploration agreements with its Argentine counterpart...
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Ricardo Darré will assume the position of CEO at YPF on July 1, 2016, taking over the helm from the interim CEO. Darré...
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Bolivia has the capacity to produce 61 million cubic meters per day of natural gas to cover demand in the internal market and...
(Energy Analytics Institute, Aaron Simonsky, 6.Jun.2016) – Plans announced by PDVSA to sue its Paraguayan counterpart Petropar are not valid and go against international agreements. Caracas-based PDVSA announced it would...
(Petrobras, 6.Jun.2016) – Nelson Silva has been appointed senior consultant to Petrobras' board of executives. Invited by CEO Pedro Parente, he will coordinate the company's strategic review process and help...
(Energy Analytics Institute, Fidencio Casillas, 6.Jun.2016) – Pemex is preparing to make payments of nearly 30 billion Mexican pesos to its providers, announced a company executive. The Mexico City-based oil...
(Energy Analytics Institute, Jared Yamin, 5.Jun.2016) – Bolivia has capacity to generate 40,000 megawatts of energy from hydroelectric projects. "According to studies from international organizations Bolivia has capacity to generate...
(Energy Analytics Institute, Fidencio Casillas, 5.Jun.2016) – The consumption of premium gasoline in Mexico has evolved favorably over the last six years with the Premium grade gaining territory on the...
(Moody's, 4.Jun.2016) – Oleoducto Central S.A. (Ocensa) is the largest crude oil pipeline and the only public-use pipeline in Colombia. Its pipeline is ~845 km in length with 745,000 b/d...
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – U.S.-based ExxonMobil plans to invest $10 billion over the next 20 years in the Vaca Muerta area in Argentina. The announcement was made...
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – YPF and Enap Sipetrol plan to invest $165 million to boost production in the Magallanes field offshore. The companies plan to increase natural...
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) – Moody's affirmed YPF Sociedad Anonima's B3 issuer rating. YPF's B3 BCA (Baseline Credit Assessment) and its Baa1.ar national scale rating remained unchanged. The...
(Ecopetrol S.A. 2.Jun.2016) – Ecopetrol S.A. announced that on June 1, 2016, through the X-STREAM trading system of the Colombian Stock Exchange (Bolsa de Valores de Colombia S.A.), the second...
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) – YPFB plans to increase the number of LPG cylinders in Santa Cruz to 45,000 per day from 37,000 per day in order to...
(Helix Energy Solutions Group, 2.Jun.2016) – Helix Energy Solutions Group, Inc. has completed its contract renegotiations with Petrobras and entered into amendments to its well intervention services contracts for its...
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) — Venezuela again proposed establishment of a production band during the 169th OPEC meeting in Vienna. The band system consists of minimum and maximum...
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) – Union protests in Tierra del Fuego as well as climatic conditions have made it impossible to bring in LNG ships into the Buenos...
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – At year-end 2015, EP PetroEcuador had the following infrastructure in Ecuador: 10 product pipelines, 8 fuel terminals and 5 maritime terminals, reported...
EEnergy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – EP PetroEcuador has a gasoline network comprising 276 service stations, reported the state company in an official statement. PetroEcuador affiliates operated 215...
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – The price of Extra Gasoline, Extra Gasoline with Ethanol, Diesel 1, Diesel 2, Premium Diesel and LPG will not be affected by...
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) – Colombia needs to invest an estimated $7 billion per year over a ten-year period or under to remain self-sufficient in the production of...
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – Ecuador's President Rafael Correa named Horacio Yépez Maldonado as the country's new ambassador to seek financing for the Pacific Refinery with the...
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) — Venezuela proposed to OPEC the appointment of Alí Rodríguez Araque as secretary-general for the organization, reported PDVSA in an official statement on its...
(Energy Analytics Institute, Jared Yamin, 31.May.2016) – The Argentine government launched its so-called National Renewable Energies Plan or RenovAr. The plan contemplates installing nearly 1,000 megawatts of energy from various...
(Energy Analytics Institute, Jared Yamin, 31.May.2016) – Energy company Saesa announced that at least 15 wind park projects are ready to be built in Argentina, which represents nearly 900 megawatts...