(Reuters, 4.May.2020) — Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the […]
Category: Latin America and the Caribbean
Statement From Guyana’s DOE Director Mark Bynoe
(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore […]
Venezuela Oil Output Sliding, Fields Shut Due To Fire
(Reuters, 4.May.2020) — Venezuela’s oilfields produced 687,000 barrels of crude last Saturday, up from 653,000 barrels on Friday but below the 718,000 barrels per day […]
Mexico Indefinitely Halts New Clean-Energy Plans
(Bloomberg, 2.May.2020) — Mexico’s Centro Nacional de Control de Energia (Cenace), which oversees the electrical system, indefinitely suspended critical tests for new clean-energy projects as […]
Milbank Part Of $2bn Ecopetrol Offering
(Milbank, 1.May.2020) — Milbank LLP represented the underwriters, Goldman Sachs, J.P. Morgan and Scotia Capital, in connection with the $2bn SEC-registered offering of notes due […]
Environmental Restoration Work Continues In Ecuador
(Energy Analytics Institute, Piero Stewart, 1.May.2020) — Intervention activities continue at 40 defined sites in Ecuador, of which at least 220 focal points have been […]
Milbank In $2Bn Ecopetrol Bond Offering
(Milbank, 1.May.2020) — Milbank LLP represented the underwriters, Goldman Sachs, J.P. Morgan and Scotia Capital, in connection with the $2 billion SEC-registered offering of notes […]
Petrobras Faces Virus Outbreak Offshore
(Bloomberg, 1.May.2020) — Petrobras, the Brazilian producer tapping some of the largest offshore oil finds this century, is confronting a Covid-19 outbreak in exploration platforms […]
PDV Holding And Aruba Govt To End Refinery Project
(PDV Holding, 1.May.2020) — PDV Holding, Inc., and the Government of Aruba/Refineria di Aruba (RDA) today executed an amicable termination agreement in relation to the […]
YPF Names New CEO As Vaca Muerta Faces Setback
(Upstream, 1.May.2020) — Argentine oil company YPF has appointed industry veteran Sergio Affronti as chief executive, replacing Daniel Gonzalez, amid headwinds from the coronavirus pandemic […]
Enel Chile Reports Filing Of The 2019 Annual Report
(Enel Chile, 30.Apr.2020) — Enel Chile, announced its 2019 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission […]
Ecopetrol Exploration Activities Update
(Ecopetrol, 30.Apr.2020) — It is the first link in Ecopetrol’s value chain. Its main objective is to explore, discover and appraise commercially viable hydrocarbon accumulations, […]
Pemex Posts Massive $23.6bn 1Q:20 Loss
(Reuters,30.Apr.2020) — Mexican state oil company Pemex on Thursday said it had posted a $23.6 billion (562.13 billion peso) loss in the first quarter due […]
US Seeks To Investigate Mexico Oil-For-Food Pact
(Reuters, 29.Apr.2020) — The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in […]
TGS Files 2019 Annual Report On Form 20-F
(TGS, 29.Apr.2020) — Transportadora de Gas del Sur S.A. today it filed its annual report on Form 20-F for the fiscal year ended December 31, […]
Petrobras Powers Past Oil Glut On China Sales
(Bloomberg, 29.Apr.2020) — Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with […]
Is PDVSA Abandoning Its Socialist Agenda?
(Oilprice.com, 29.Apr.2020) — Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that […]
A Political Crisis Threatens To Derail Guyana’s Oil Boom
(World Politics Review, 28.Apr.2020) — Despite growing signs of a dramatic and global economic downturn stemming from the coronavirus pandemic, the small South American country […]
Fire Reduces Venezuelan Heavy Crude Flow
(Reuters, 28.Apr.2020) — The latest fire to erupt at one of Venezuelan state-owned PdV’s oil installations has temporarily knocked out up to 130,000 b/d of […]
PDVSA Proposes Selling Oil Assets To Private Sector
(Forbes, 28.Apr.2020) — In a total about-face on the “socialism” and “communism” and the Yankee-Go-Home attitude of the ruling Socialists United of Venezuela (PSUV), the […]
Petrobras Starts BSBios Binding Phase
(Petrobras. 27.Apr.2020) — Petrobras, following up on the press release disclosed on 23 January 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), on […]
Petrobras Reverses Production Cuts
(Reuters, 27.Apr.2020) — Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it […]
Venezuela Floats Lean PdV With Russia Unit
(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela’s national oil industry for two months were officially appointed today as acting […]
Gerdau S.A. Files Form 20-F
(Gerdau, 27.Apr.2020) — Gerdau S.A. hereby announces that the Form 20-F related to the fiscal year ended December 31, 2019 was filed with the U.S. […]
Pemex To Prioritize Lower-cost Production
(Reuters, 27.Apr.2020) — Mexico’s state oil firm Pemex on Monday detailed measures aimed at mitigating the effects of a steep drop in oil prices, saying […]
Mexican Oil Platforms Cut Staff Over Coronavirus
(Reuters, 26.Apr.2020) — Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on […]
Why Mexico’s Oil Industry Is Destined For Disaster
(Oilprice.com, 25.Apr.2020) — Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it […]
Ecuador Names New Electricity Vice Minister
(Energy Analytics Institute, 24.Apr.2020) — Ecuador appointed engineer Jose Luis Peña Arteaga as the country’s new vice minister of electricity and alternative energies. The official […]
Argentina’s YPF SA Files Form 20-F
(YPF, 24.Apr.2020) — YPF SA announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019, with […]
CPFL Energia Files 20-F Form Annual Report With the SEC
(CPFL, 24.Apr.2020) — CPFL Energia announces that its 2019 20-F Form annual report has been filed with the U.S. Securities and Exchange Commission on April […]
Moody’s Assigns Baa3 Rating To Ecopetrol Notes
(Moody’s 24.Apr.2020) — Moody’s Investors Service assigned a Baa3 rating to Ecopetrol S.A.’s proposed new global notes. The Baa3 rating on the proposed notes is […]
Argentina Plans Higher Local Oil Price
(Reuters, 23.Apr.2020) — Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated […]
Pemex Declares Force Majeure On Fuel Imports
(Reuters, 23.Apr.2020) — Mexican state oil company Pemex has declared force majeure over fuel imports from its trading arm PMI Comercio Internacional, two sources with […]
Pemex’s Trading Arm Declares Force Majeure
(Bloomberg, 23.Apr.2020) — Mexico, the largest recipient of U.S. gasoline exports, is seeking to cancel imports of the fuel from at least one U.S. company […]
Iran Ships Material To Help Repair PDVSA Refinery
(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day […]
Venezuela’s Oil Output Could Fall Again Soon
(Oilprice.com, 23.Apr.2020) — On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down […]
Mexico Announces Emergency $25.5bn Package
(S&P Global Platts, 22.Apr.2020) — Mexico announced a Peso 622.56 billion ($25.5 billion) package on Wednesday that will help the nation face the economic consequences […]
Talos Energy To Announce 1Q:20 Results 6 May 2020
(Talos, 22.Apr.2020) — Talos Energy Inc. intends to release first quarter 2020 results for the period ended March 31, 2020 on Wednesday 6 May 2020 […]
Exxon Among 34 Vying To Market Guyana’s Oil
(Stabroek News, 22.Apr.2020) — Thirty-four companies have submitted expressions of interests (EOIs) to market Guyana’s entitlement from the Exxon-operated Liza Destiny FPSO in the Stabroek […]
Chevron Barred From Drilling In Venezuela
(Reuters, 22.Apr.2020) — Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration […]
Ecopetrol On 2019 Earnings Distribution
(Ecopetrol, 22.Apr.2020) — Ecopetrol S.A. informs the ordinary General Shareholders’ Meeting, held on 7 March 2020, approved the earnings distribution proposal presented for their consideration, […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow […]
Over 30 Cos Vie For Guyana Oil Trading Contract
(Reuters, 21.Apr.2020) — More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and […]
Trump Tells Chevron To “Wind Down” In Venezuela
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant […]
Brazilian Producer Appoints MiX To Monitor Its Fleets
(MiX, 21.Apr.2020) — MiX Telematics confirmed that one of Brazil’s largest ethanol and sugar producers have appointed MiX Telematics to assist in modifying driver behavior […]
Trinidad Monitoring Oil Prices On Global Market
(Jamaica Gleaner, 21.Apr.2020) — The Trinidad and Tobago Government Tuesday urged nationals not to panic as the oil-and-gas-rich country prepared to count the possible loss […]
Ecopetrol Files Form 20-F For Fiscal Year 2019
(Ecopetrol, 20.Apr.2020) — Ecopetrol S.A. announced filing of its annual report under Form 20-F for the fiscal year ended December 31, 2019 with the U.S. […]
How Will The Oil $$ Crash Affect Trinidad And Tobago?
(Trinidad Express, 20.Apr.2020) — History was created on the global oil market today when the price of the US benchmark, West Texas Intermediate, plunged into […]
Raizen Halts Crude Runs At Buenos Aires Refinery
(Argus, 19.Apr.2020) — Raizen has suspended operations at its 110,000 b/d Buenos Aires refinery in response to the plunge in oil demand caused by coronavirus […]
Petrobras Starts Papa-Terra Binding Phase
(Petrobras, 17.Apr.2020) — Petrobras, following up on the press release disclosed on 3 February 2020, announces that it has started the binding phase referring to […]