(GINA, 7.Jun.2020) — The APNU+AFC Coalition today again expressed concerns over the state of affairs of Guyana Elections Commission (GECOM) and cautioned that the elections […]
Category: Latin America and the Caribbean
Exxon Oil Output Falls On Gas Compressor Problem
(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now […]
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, […]
Chevron Oil Tangled In US Sanctions On Venezuela
(Reuters, 5.Jun.2020) — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with […]
Petrobras Reports Rise In Fuel Exports
(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by […]
OPEC+ To Meet Saturday On Extending Cuts
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards […]
Statement From The OAS On The Elections In Guyana
(OAS, 4.Jun.2020) — The General Secretariat of the Organization of American States (OAS) is mindful that the recount of the votes cast in the March […]
Petrobras’ Reveals Details Of Five Generation Companies
(Petrobras, 4.Jun.2020) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), […]
Iran’s Message To US With Venezuela Oil Shipments
(Financial Times, 4.Jun.2020) — For the Islamic republic, it was a mission fraught with risk: send five Iranian-flagged fuel tankers through some of the world’s […]
CNH Again Extends Timeframe For Oil Permits
(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect […]
Oil Workers In Mexico Plead To Come Home
(The Guardian, 4.Jun.2020) — Dozens of Trinidad and Tobago oilfield workers in Mexico have issued a plea to the government to allow them to return […]
Suriname Beckons Oil Drillers Ahead Of Poll Result
(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American […]
Petrobras Concludes $3.25bn Global Notes Offering
(Petrobras, 3.Jun.2020) — Petrobras concluded the offering of two series of Global Notes in the international capital market in the amount of $ 3.25 billion, […]
Pemex Continues With Tula Refinery Contingency
(Energy Analytics Institute, 3.Jun.2020) — Pemex’s “Miguel Hidalgo” refinery in Tula carried out preventive measures to mitigate the risks of the Covid-19 pandemic among its […]
PetroAmazonas Develops 63.5 Ha On Blocks 43 And 31
(Energy Analytics Institute, 3.Jun.2020) — PetroAmazonas EP has developed 63.50 hectares of Block 43-ITT (Ishpingo, Tambococha, Tiputini) and Block 31, both located in the province […]
US Sanctions Four Firms For Transporting Venezuelan Oil
(Aljazeera, 2.Jun.2020) — The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in […]
Venezuela’s Oil Exports Sink To 17-year Low On Sanctions
(Reuters, 2.Jun.2020) — Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that […]
Guyana To Offer Gas-to-power Project
(Argus, 2.Jun.2020) — Guyana is preparing to launch a tender for a natural gas-to-power project anchored on the ExxonMobil-operated Stabroek block. The project would entail […]
Mexico Probes Libre Abordo Pact With Venezuela
(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]
CITGO Proposes $750mn Private Offering
(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 […]
Petrobras Starts Camamu Basin Non-binding Phase
(Petrobras, 1.Jun.2020) — Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake […]
Venezuela Rolls Out Two-tiered Fuel Pricing
(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge […]
Caricom Election Mission To Suriname Departs
(Caricom, 1.Jun.2020) — The CARICOM Electoral Observer Mission (CEOM) is scheduled to depart Suriname on Tuesday 2nd June 2020 after having spent a full two […]
CENIT’s Transport Tariffs Neutral For Ocensa
(Fitch Ratings, 1.Jun.2020) — Fitch Ratings views the agreement reached between crude oil transportation companies and producers in Colombia as credit neutral for Oleoducto Central […]
Libre Abordo Announces Bankruptcy
(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]
PetroEcuador Monitoring Emissions At Esmeraldas
(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation […]
Petrobras Concludes Sale Of Seven Onshore Fields
(Petrobras, 29.May.2020) — Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven […]
Tanker Petunia Accompanied By Air Force
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced […]
Tanker Faxon Docks At Guaraguao Complex
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in […]
US Threatens Sanctions to Deter Iranian Tankers
(Dow Jones, 29.May.2020) — U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two […]
Petrobras Opens Access To Gas Processing Units
(S&P Global Platts, 29.May.2020) — Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in […]
Iran’s 4th Fuel Tanker Nears Venezuelan Waters
(Fars News Agency, 28.May.2020) — Iran’s fourth tanker full of gasoline has entered the Caribbean and is close to the Venezuelan territorial waters. Venezuelan armed […]
Maduro Considers Charging Citizens More For Petrol
(Al Jazeera, 28.May.2020) — Venezuela’s president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela’s President Nicolas Maduro […]
Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative
(Fitch Ratings, 28.May.2020) — Fitch Ratings has affirmed Raizen Combustiveis S.A.’s and Raizen Energia S.A.’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at […]
Q&A: PdV Exile Board Has ‘Levers’ To Keep Citgo
(Argus, 28.May.2020) — Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela’s state-owned PdV. Appointed by the […]
Environment Group Calls On Exxon To Cease Gas Flaring
(Stabroek News, 28.May.2020) — As ExxonMobil yesterday continued to play up its Guyana investments at its virtual Annual Meeting of shareholders, global environmental and human […]
Petrobras To Offer Third-party Access To Gas Plants
(Argus, 28.May.2020) — Brazil’s state-controlled Petrobras is opening its natural gas-processing plants to third parties, another step toward opening the country’s gas market to greater […]
Op-Ed: My Love Affair With Tulsa University
(Gustavo Coronel, 27.May2020) — An April morning in 1951, I left New York City for Tulsa, Oklahoma. I had been studying English for 15 weeks […]
Maduro Sends Iranian Oil To Cuba
(Panam Post, 27.May.2020) — A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the […]
Petrobras Announces Global Bond Offering
(Petrobras, 27.May.2020) — Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) plans to offer one or more series of bonds in the […]
Maduro Vows To Raise Venezuelan Gasoline Price
(Reuters, 27.May.2020) — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing […]
Petrobras Prices Two Global Notes For $3.3bn
(Petrobras, 27.May.2020) — Petrobras announces the pricing of two series of global notes denominated in US Dollars to be issued by its wholly-owned subsidiary Petrobras […]
Prelim Results: Opposition Winning Suriname Election
(AP, 27.May.2020) — Suriname’s main opposition party is poised to win the country’s general election, preliminary results showed on Wednesday, an outcome likely to end […]
Chilean Power Projects And Coronavirus: Fitch
(Fitch Ratings, 27.May.2020) — The economic contraction due to the coronavirus exacerbates the negative revenue effect of the rate freeze in place on Chilean power […]
LatAm Infrastructure Projects At Risk
(Fitch Ratings, 27.May.2020) — Latin American infrastructure projects face heightened risk of grantor payment delays driven by the increased pressure the coronavirus pandemic is placing […]
Third Iranian Fuel Cargo Approaches Venezuela
(Reuters, 26.May.2020) — The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday […]
Second Iranian tanker Forest reaches Venezuelan loading dock
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, Piero Stewart, 26.May.2020, Words: 76) — The Iranian tanker Forest docked at the Cardon refinery located in the […]
Iranian Tanker Fortune Docks In Puerto Cabello
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The Fortune Iranian fuel tanker reached Pier 4 of PDVSA’s El Palito Refinery located in Puerto Cabello in […]