(Energy Analytics Institute, 18.Jun.2015) – Petroleos de Venezuela SA (PDVSA) plans to boost investments in the Venezuelan natural gas sector over the next five years in order to almost double...
(Exxon Mobil Corporation, 18.Jun.2015) – ExxonMobil reached an agreement with PBF Energy Inc. for the sale and purchase of its 50% interest in Chalmette Refining, LLC in Chalmette, Louisiana. Long...
(Pemex, 16.Jun.2015) – Petróleos Mexicanos (Pemex) and the Petroleum Workers’ Union (STPRM, Sindicato de Trabajadores Petroleros de la República Mexicana, for its acronym in Spanish) started negotiations for the revision...
(The Brazil Business, Renata Garcia, 16.Jun.2015) — IBAMA is an institute that was created to ensure the preservation and maintenance of the environment. It acts in the protection of Brazilian...
(Pemex, 14.Jun.2015) – Maintaining or improving competitiveness in the oil industry will increasingly require a better environmental performance. Therefore, environmental protection is currently one of the key elements in the...
(Petrobras, 12.Jun.2015) – Petrobras completes analysis of factors that contributed to accident on 11.Feb.2015, on board FPSO Cidade de São Mateus, in Espírito Santo. The report is aimed at documenting...
(Petrobras, 12.Jun.2015) – Petrobras’ pre-salt production in May set two new monthly output records. Production handled by the company, including both Petrobras and partner production, reached a new high of...
(Pemex, 10.Jun.2015) – Emilio Lozoya, CEO of Petróleos Mexicanos, announced the first hydrocarbon discoveries made took advantage of the new tools provided by the Energy Reform. This is the first...
(Pemex, 10.Jun.2015) – The Ministry of Energy (SENER), Pedro Joaquín Coldwell, opened the 10th Mexican Petroleum Congress at the Guadalajara Expo, which brought together 270 national and international companies with...
(Pemex, 6.Jun.2015) – Petróleos Mexicanos and BlackRock signed a Memorandum of Understanding (MOU), in order to accelerate the development and financing of energy infrastructure projects that are considered a strategic...
(Petrobras, 5.Jun.2015) – Brazil is now among the countries that best use their natural gas output. By significantly reducing gas flaring on its platforms, in Feb.2015 Petrobras achieved a record...
(Moody's, 3.Jun.2015) – Moody's Investors Service assigned a Ba2 rating to Petrobras Global Finance B.V.'s proposed global notes, which will be unconditionally guaranteed by Petrobras. The Ba2 rating on the...
(Petrobras, 2.Jun.2015) – Petrobras announced the pricing of its corporate bonds in U.S. dollars with a 100-year term, issued through its wholly owned subsidiary Petrobras Global Finance B.V. and unconditionally...
(Piero Stewart, Special for Energy Now, 1.Jun.2015) – Trinidad and Tobago will seek to capitalise on energy projects in the region as part of broader push outside of the country's...
(Pemex, 28.May.2015) – Petroleos Mexicanos presented its Safety, Health and Environmental Protection Strategy 2015-2025 (SSPA, for its acronym in Spanish) which outlines actions to strengthen safety and reliability culture of...
(Ecopetrol, 26.May.2015) – Ecopetrol S.A.'s Board of Directors approved a new corporate strategy aimed at guaranteeing the company's long-term sustainability, in which value generation based on efficient barrels and shareholder...
(PEMEX, 22.May.2015) – Petróleos Mexicanos carried out, for the third time, an online auction of partial lots of petroleum coke from the “Gral. Lázaro Cárdenas”, refinery located in Minatitlán, Veracruz....
(Petrobras, 20.May.2015) – On 19.May.2015, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015-2016. The deal encompasses funding of $3.5 billion already disbursed, as...
(Moody's, 20.May.2015) – Moody's Investors Service assigned an overall covenant quality score of 3.37 to YPF Sociedad Anónima's $1,500 million 8.500% Senior Notes due 2025. ***
(Petrobras, 20.May.2015) – Petrobras has provisioned, in its 2014 Financial Statements, an allowance for impairment of trade receivables to cover uncollateralized receivables. In the 1Q:15 financial statements, as disclosed in...
(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources said that during the first quarter of 2015, Petrodelta drilled and completed four development wells and sold approximately 3.63 million barrels...
(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources, Inc. (HNR) reported a 1Q:15 net loss of approximately $5.6 million, or $0.13/share diluted, compared with a net loss of $8.0...
(Petrobras, 19.May.2015) – Petrobras’ foreign oil and natural gas production in April 2015 was 2.785 (Mmboe/d), in Brazil and abroad, up 0.8% on March 2015, which was 2.764 Mmboe/d. Among...
(Petrobras, 13.May.2015) – Petrobras announces that on April 11, 2015, oil production in the fields it operates in the pre-salt province of the Santos and Campos basins reached the milestone...
(Ecopetrol, 12.May.2015) – Ecopetrol S.A. reports the Group's financial results for the 1Q:15, prepared and filed in Colombian pesos (COP$) and on the basis of International Financial Reporting Standards (IFRS)....
(Gran Tierra Energy Inc., 11.May.2015) – Gran Tierra Energy Inc. announced several new executive appointments effective immediately: Ryan Ellson, Chief Financial Officer; Alan Johnson, Vice President, Asset Management; Lawrence West,...
(Petrobras, 8.May.2015) – Petrobras has filed joint lawsuits with the Federal Public Prosecutors’ Office for improper conduct against the contractors and executives identified as responsible for irregularities within the scope...
(Petrobras, 8.May.2015) – Petrobras’ Board of Directors has unanimously approved the new composition of its Audit Committee, by appointing Directors Luiz Nelson Guedes, Luiz Augusto Fraga Navarro de Britto Filho...
(Gran Tierra Energy Inc., 6.May.2015) – Gran Tierra Energy Inc. announced its financial and operating results for the quarter ended 31.Mar.2015. All dollar amounts are in U.S.A. dollars unless otherwise...
(BHP, 30.Apr.2015) — The Government of Barbados and BHP Billiton today signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometres southeast of...
(Moody's, 30.Apr.2015) – Moody's América Latina assigned a Baa3 global scale and Aaa.br national scale ratings to Raízen Energia S.A.'s proposed BRL 500 million senior unsecured CPR-F (Cédulas de Produto...
(Petrobras, 29.Apr.2015) – Petrobras finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M499. The test results confirmed the presence of light oil...
(Petrobras, 28.Apr.2015) – On 24.Apr.2015, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation Car Wash), in which the...
(Moody's, 28.Apr.2015) – Moody's Latin America Agente de Calificación de Riesgo confirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras Argentina S.A.'s (Petrobras Argentina) $300 million in...
(Petrobras, 23.Apr.2015) – Petrobras presented a loss of R$21.6 billion for the year 2014, mainly due to an asset impairment charge of R$44.6 billion, a write-down of improperly capitalized additional...
(Wison Offshore & Marine Ltd., 21Apr.2015) – Wison Offshore & Marine Ltd. announced the delivery of its first batch of stick built for the key modularized components construction of the...
(Baker Hughes Incorporated, 21.Apr.2015) – Baker Hughes Incorporated announced results for the first quarter of 2015. Latin America revenue was $493 million for the 1Q:15, down $37 million, or 7%,...
(Karoon Gas Australia Ltd., 21.Apr.2015) – Karoon Gas Australia Ltd. announced that a 699 foot (213 meter) gross oil column has been confirmed in the Echidna-1 exploration well in Block...
(Petrobras, 17.Apr.2015) – Petrobras has approved the following contracts: -- R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period. -- R$...
(Petrobras, 15.Apr.2015) – Petrobras' approved divestment plan does not contain pre-salt assets. As reported in a Material Fact on 2.Mar.2015, Petrobras has approved a divestment plan with a total value...
(Subsea 7 S.A., 14.Apr.2015) – Norway's Subsea 7 S.A. was awarded a contract worth approximately $200 million with a duration of approximately 2-years. “This new contract for Seven Seas maintains...
(Ecopetrol S.A., 14.Apr.2015) – Ecopetrol S.A. announced that pursuant to the procedures required by Law 226 of 1995, the Council of Ministers has issued an opinion in favor of the...
(Ecopetrol S.A., 14.Apr.2015) – Ecopetrol S.A., as part of the procedures required for keeping available debt alternatives to finance its investment plan, has obtained authorization from the Ministry of Finance...
(Seaway Heavy Lifting, 9.Apr.2015) – Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project gas production platforms complete with...
(Energy Analytics Institute, 8.Apr.2015) – “Venezuela is attractive to imperial politics because of the size of its petroleum reserves,” Venezuela's Electric Energy Minister Jesse Chacon said in broadcast on state...
(Moody's, 7.Apr.2015) – LNG suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the U.S.A., Moody's Investors Service...
(CB&I, 1.Apr.2015) – CB&I was awarded a contract for approximately $60 million for the engineering, procurement, fabrication and construction of storage tanks in Venezuela. “CB&I has a long history in...
(Energy Analytics Institute, Layla Benitez-James, 1.Apr.2015) – Petroperú will not participate in the licenses contracts for the exploitation of hydrocarbons in Lotes III and IV. The company decided not to...
(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2015) – ANCAP will not reduce fuel prices in April due to the appreciation of the dollar. According to analysts, ANCAP has a margin of...
(Energy Analytics Institute, Ian Silverman, 30.Mar.2015) – “The exchange controls don't have an economic justification and is used only as a form of political domination,” reported the daily Quinto Día,...
(Energy Analytics Institute, Piero Stewart, 31.Mar.2015) – Venezuela's electric energy sector incurred investments of $444 million and 518 million Venezuelan bolivars in 2014 on three projects in Venezuela's western region,...
(Energy Analytics Institute, Piero Stewart, 31.Mar.2015) – Venezuela's foreign minister Delcy Rodríguez met with San Cristobal and Nieves Prime Minister Timothy Harris to discuss bilateral relations. The official also reviewed...
(Energy Analytics Institute, Jared Yamin, 31.Mar.2015) – Venezuela's Foreign Minister Delcy Rodríguez met with Antigua and Barbuda Prime Minister Gaston Browne to discuss bilateral trade and energy matters. Antigua and...
(Petrobras, 31.Mar.2015) – The Board of Directors of Petrobras Argentina (PESA) approved the sale of all of its assets in the Austral Basin (province of Santa Cruz) to Compañia General...
(Gold Reserve Inc., 30.Mar.2015) – Gold Reserve Inc. reported on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the $740 million...
(Energy Analytics Institute, 30.Mar.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. REGARDING COLOMBIA * A...
(Energy Analytics Institute, Ian Silverman, 29.Mar.2015) – “PDVSA has completely diversified its oil markets, conquering spaces in Asia, India, Europe and South America, among others, and with a great presence...
(Energy Analytics Institute, Piero Stewart, 29.Mar.2015) – PDVSA announced an armed commando group attacked its Tejero Operating Center installations located in the Punta de Mata Eastern Executive Division in Monagas....
(Ecopetrol S.A., 28.Mar.2015) – Ecopetrol S.A. hereby reports that, at the shareholders' meeting held on March 26, 2015 , the following amendments to the rules and procedures governing our shareholders'...
(Petrobras, 27.Mar.2015) – The Petrobras Annual Shareholders' Meeting scheduled for April 29, 2015 will elect new members of the Board of Directors and Fiscal Council. Petrobras has not yet completed...
(Petrobras, 27.Mar.2015) – Petrobras has decided to initiate its plan for withdrawing from Okinawa, Japan. The plan involves closing down the refining activities of the Nansei Sekiyu refinery (NSS). To...
(First Titan Corp., 26.Mar.2015) – As First Titan Corp. targets undervalued energy assets across North America for acquisition and development, Mexico is sweetening its tax terms to help attract energy...
(Energy Analytics Institute, Piero Stewart, 26.Mar.2015) – External issues deprived Ecopetrol of the ability to produce 64,000 barrels per day (b/d) in 2014 as follows: An estimated 28,000 b/d was...
(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela's Oil Minister Asdrúbal Chávez met with his Russian counterpart Alexander Novak in Moscow. The officials discussed bilateral projects and evaluate the progress...
(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela presented a letter to the ICSID court requesting the dismissal of judge Kenneth Keith. Keith is the president of the arbitration tribunal...
(Ecopetrol S.A., 26.Mar.2015) – Ecopetrol S.A. hereby reports that, at the Shareholders' General Assembly held on March 26, 2015, the following changes were made to its bylaws: The following corporate...
(Energy Analytics Institute, Ian Silverman, 26.Mar.2015) – Ecopetrol continues to be a solid company with many growth opportunities in its different business segments, said Ecopetrol’s outgoing president Javier Genaro Gutiérrez...
(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – Ecopetrol's shareholder assembly approved a dividend equivalent to 70 percent of the 7.81 billion peso profit obtained in 2014. The total dividend was...
(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – During the first two months of 2015 Ecopetrol's production remained around 725 Mb/d primarily due to record production at the Castilla and Chichimene...
(Energy Analytics Institute, Jared Yamin 25.Mar.2015) – Vietnam's state oil company PetroVietnam is evaluating its exit from a Venezuelan heavy oil project where it is partnered with its Venezuelan counterpart...
(Petrobras, 25.Mar.2015) – At a meeting on March 24, 2015, Petrobras' Executive Board gave the go-ahead for a project to review its corporate governance and organizational management model, based on...
(Energy Analytics Institute, Ian Silverman, 24.Mar.2015) – Argentina is considering importing 200 megawatts of energy from Bolivia in 2015, announced Bolivia's President Evo Morales. The official also announced Brazil was...
(Energy Analytics Institute, Ian Silverman, 24.Mar.2015) – Bolivia is considering exporting energy to Brazil and Peru, reported the daily newspaper La Razón, citing National Electricity Company (ENDE Corporación) National and...
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – The LNG regasification plant (called ‘GNL del Plata’ in Spanish) in Montevideo, Uruguay is expected to be ready in November of 2016, reported...
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – Officials in Uruguay are worried about difficulties that have translated into delays at the Montevideo LNG regasification plant. “Its a very significant project...