(Petrobras, 23.Dec.2020) — Petrobras, following up on the release disclosed on 4 November 2020, informs the beginning of the non-binding phase, referring to the sale […]
Category: Latin America and the Caribbean
Petrobras On New Contracts With Braskem
(Petrobras, 22.Dec.2020) — Petrobras informs that it has signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the […]
Petrobras Confirms Oil At Buzios Well
(Petrobras, 22.Dec.2020) — Petrobras confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of BĂşzios field in the […]
Petrobras Inks New Supply Deal With Braskem
(Petrobras, 22.Dec.2020) — Petrobras signed new long-term contracts with Braskem S.A. to supply petrochemical naphtha to the industrial unit in the state of SĂŁo Paulo […]
AMLO’s Nationalism Casts Energy Projects Into Limbo
(Bloomberg, 22.Dec.2020) — Mexican President Andres Manuel Lopez Obrador’s hardball tactics against foreign energy companies are halting projects and reversing a process that until recently […]
Venezuela Resumes Direct Oil Shipments To China
(Reuters, 22.Dec.2020) — Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according […]
Guyana Plans To Export 5-6 Crude Cargoes In 2021
(Argus, 22.Dec.2020) — Guyana plans to export “five to six” 1mn bl cargoes of its crude entitlement from the deepwater Stabroek block in 2021 to […]
Pemex, Talos To Keep Talking Over Shared Oil Find
(Reuters, 22.Dec.2020) — Mexico’s energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based […]
BPC plc Spuds Perseverance #1 Well Off The Bahamas
(Energy Analytics Institute, 21.Dec.2020) — Bahamas Petroleum Company plc (BPC) announced commencement of the drilling operations at the Perseverance #1 well offshore The Bahamas. Highlights: — […]
ExxonMobil Hits Guyana Oil Output Goal
(Argus, 21.Dec.2020) — ExxonMobil reached targeted crude production of 120,000 b/d at the Liza 1 well on Guyana’s deepwater Stabroek block, a milestone that had […]
PetroRio Reveals Long-Term Financing With Prisma
(PetroRio, 21.Dec.2020) — PetroRio S.A., in accordance with best corporate governance practices and transparency, and in order to maintain informational equity in view of the […]
PetroRio Buys Ventura’s Atlantic Zephyr Rig For $1
(PetroRio, 21.Dec.2020) — PetroRio signed an agreement with Ventura for the acquisition, for $1 (one US Dollar), of the Atlantic Zephyr rig, a semi-submersible anchored […]
Petrobras Receives “Dragon” Supercomputer
(Petrobras, 21.Dec.2020) — Petrobras started to receive the equipment that compose the supercomputer called “Dragon”, a high performance computer aiming at a greater geophysical processing […]
Mexican Watchdog Warns Against Fuel Import Changes
(Argus, 21.Dec.2020) — Proposed changes to rules governing importing and exporting hydrocarbons, refined products and petrochemicals in Mexico would “seriously affect competitive conditions in the […]
Suriname: The Next Oil Superpower or Failed State?
(National Interest, 21.Dec.2020) — Although 2020 will go down as one of the worst years for most countries, it was a pivotal time for Suriname. […]
Hortensia JimĂ©nez To Head Bolivia’s ABEN
(Energy Analytics Institute, 21.Dec.2020) — Bolivia’s Hydrocarbons and Energy Minister Franklin Molina Ortiz named Hortensia JimĂ©nez Rivera as Executive General Director of Bolivia’s Nuclear Energy […]
Bolivia Gets 454 Domestic Gas Installations In Mizque
(Energy Analytics Institute, 20.Dec.2020) — Bolivia’s Hydrocarbons and Energy Ministry with assistance from state oil and gas company Yacimientos Petrolifos Fiscales Bolivianos (YPFB) completed the […]
Gov’t Worked With Exxon For Maximum Production
(DPI, 20.Dec.2020) — The government of Guyana says it welcomes the announcement by US oil and gas company ExxonMobil that it has reached maximum production […]
Chile Names Jobet New Bi-Minister Of Energy
(Energy Analytics Institute, 19.Dec.2020) — Chile’s President Sebastian Piñera Echenique named Juan Carlos Jobet as the bi-minister of the South American country’s energy ministry. Jobet […]
YPFB Confirms Find At Yarará -X1 Exploratory Well
(Energy Analytics Institute, 19.Dec.2020) — Drilling of the Yarará X-1 (YRA-X1) exploratory well, which commenced on 14 September 2020, reached a final depth of 2,850m […]
ANP Board Agrees To Maintain Covid-19 Protocols
(Energy Analytics Institute, 18.Dec.2020) — The ANP Board approved on 17 December 2020 a resolution to maintain temporary safety measures and protocols to deal with […]
NGC, Touchstone In Gas Supply Partnership
(NGC, 18.Dec.2020) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a natural gas supply agreement with Primera Oil and Gas Limited, […]
World Court To Intervene In Guyana-Venezuela Dispute
(AP, 18.Dec.2020) — The United Nations’ highest court ruled Friday that it will intervene to settle a decades-old border dispute between South American neighbors Guyana […]
PBio Completes Sale Of BSBios Shares
(Petrobras, 18.Dec.2020) — Petrobras, following up on the press release disclosed on 27 April 2020, informs that its wholly-owned subsidiary Petrobras BiocombustĂvel S.A. (PBio), as […]
Biden To Seek Talks With Maduro Regime
(Bloomberg, 18.Dec.2020) — President-elect Joe Biden’s advisers are preparing to negotiate with Nicolas Maduro’s regime in Venezuela in an effort to end the Western Hemisphere’s […]
Touchstone Enters Natural Gas Sales Deal With NGC
(Touchstone, 18.Dec.2020) — Touchstone Exploration Inc. executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago Limited (NGC) for […]
Petrobras On Deal In Arbitration Of Sete Brasil
(Petrobras, 17.Dec.2020) — Petrobras informs that, on this date, the payment of R$190mn was made to the Pension Fund of the Employees of the Bank […]
Facing An Economic Crisis, Colombia Turns To Fracking
(Sierra Club, 17.Dec.2020) — San MartĂn is full of oil men. This small, no-nonsense Colombian town in the department of Cesar, is hot, chaotic, and […]
Argentina’s Plan Gas 4 To Provide Some Cash Flow Stability
(Ftich, 17.Dec.2020) — The contracts that the Argentine Ministry of Energy recently awarded to natural gas producers in the country under Plan Gas 4 (PG4) […]
Q&A: Ecopetrol Ready To Compete, Ready For Change
(Argus, 16.Dec.2020) — Colombia’s state-controlled Ecopetrol had been diversifying crude exports with a commitment to quality before the market tailspin of 2020. Now the company […]
YPF Updates On Plan Gas 4
(YPF, 16.Dec.2020) — In compliance with the provisions set forth in article 73 of Law 26,831, YPF S.A. hereby informs the Audit Committee report is […]
bpTT Says To Dismiss 149 Employees
(bpTT, 16.Dec.2020) — In February 2020, we launched our new purpose: to reimagine energy for people and our planet and also announced a bold new […]
Moody’s Warns Of Pemex Downgrade
(Reuters, 15.Dec.2020) — Mexican state oil giant Pemex could sink deeper into junk territory if Mexico’s sovereign credit rating is downgraded, ratings agency Moody’s said […]
Spills In Venezuela Offer A Bleak Vision Of An Oil End
(Bloomberg, 15.Dec.2020) — Tropical rains have washed away most outward traces of the oil spill that ravaged Rio Seco this fall. But the fishing village […]
Biden White House Faces A Rising China
(Reuters, 14.Dec.2020) — Donald Trump was clear with Latin America during his four-year administration: don’t do business with China. The message failed to hit home. […]
New Electricity Tariff In Cuba To Protect Vulnerable
(Prensa Latina, 14.Dec2020) — The new electricity tariff to be implemented in Cuba next January 1 as part of the monetary regulation process, will protect […]
Iran Uses Disguised Tanker To Export Venezuelan Oil
(Reuters, 14.Dec.2020) — A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing […]
Ecopetrol Eyes Capex of $3.5-$4bn In 2021
(Ecopetrol, 14.Dec.2020) — Ecopetrol S.A.’s Board of Directors approved the 2021 organic investment plan for the Ecopetrol Group (GE) for an estimated amount between $3.5bn […]
ExxonMobil Reveals Emission Reduction Plans
(Exxon, 14.Dec.2020) — ExxonMobil plans further reductions in greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and […]
Caribbean Refinery Sells First Product After Delay
(Reuters, 14.Dec.2020) — Caribbean refinery Limetree Bay Ventures sold the first oil product to a buyer in the Gulf Coast on Monday, according to a […]
Biden Presidency To Reset US Sanctions Focus
(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US […]
Argentine And Bolivian Energy Ministers Discuss Gas
(Energy Analytics Institute, 11.Dec.2020) — Bolivia’s Hydrocarbons and Energy Minister Franklin Molina Ortiz held a virtual meeting with Argentina’s Energy Secretariat DarĂo MartĂnez to discuss […]
Brazil Removes 32 Sensitive, Offshore Blocks From Round
(S&P Global Platts, 11.Dec.2020) — Brazil’s National Energy Policy Council, or CNPE, dealt a sharp blow to the country’s offshore exploration and production program by […]
Mexico Wrapping Up 2021 Oil Hedging Program
(Reuters, 11.Dec.2020) — Mexico is wrapping up purchases for the 2021 edition of an oil hedging program that insures its revenues from oil sales, sources […]
Venezuela Disrupts Plan To Attack Refinery
(Reuters, 11.Dec.2020) — Venezuela’s Oil Minister Tareck El Aissami said on Friday that authorities had disrupted a plan to attack Venezuela’s 146,000-barrel-per-day (bpd) El Palito […]
Petrobras Inks Deal To Divest Onshore Sergipe Field
(Petrobras, 11.Dec.2020) — Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract […]
Petronas Finds Hydrocarbon In Offshore Suriname
(Petronas, 11.Dec.2020) — Petronas through its subsidiary, Petronas Suriname E&P B.V. (PSEPBV) made its first discovery of hydrocarbon in Suriname with the successful drilling of […]
Exxon And Petronas Find Oil Offshore Suriname
(Exxon, 11.Dec.2020) — ExxonMobil and Petronas have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in […]
Total Closes Participation in the EnergĂa Costa Azul LNG Export Project
(Total, 10.Dec.2020) — Total, Sempra LNG and IEnova signed binding agreements finalizing Total’s equity investment in the EnergĂa Costa Azul liquefied natural gas export project (ECA […]
Petrobras Starts Marlim Cluster Non-binding Phase
(Petrobras, 10.Dec.2020) — Petrobras, following up on the release disclosed on 16 November 2020, informs the beginning of the non-binding phase regarding the sale of […]