(Energy Analytics Institute, Piero Stewart, 1.May.2019) — EP PetroEcuador announced the restart on 1 May 2019 of operations at the non-catalytic unit #1 of its Esmeraldas refinery, the company announced in an official statement. Incorporation of this unit will allow for import reductions on the magnitude of nearly 520,000 barrels […]
Category: Latin America and the Caribbean
Noble Corporation plc Reports 1Q:19 Results
(Noble, 1.May.2019) — Noble Corporation plc today reported a net loss attributable to the Company for the three months ended March 31, 2019 (first quarter) of $71 million, or $0.29 per diluted share, of which $4 million, or $0.02 per diluted share related to discontinued operations. The Company’s net loss […]
Pemex’s Net Income Falls 132.9% In 1Q:19 Vs 1Q:18, EBITDA Falls 16.6%
(Energy Analytics Institute, Pietro D. Pitts, 25.Apr.2019) — Mexico’s state oil company Petroleos Mexicanos (Pemex) reported a net loss of 35.1 billion pesos ($1.8 billion) during the first quarter of 2019, down 132.9% compared to net income of 106.8 billion pesos in the first quarter of 2018, the company announced […]
Peru Gives Tullow Oil Another Shot At Exploration
(Argus, 1.May.2019) — Peru reapproved a contract for UK-listed Tullow Oil to explore shallow-water block Z-64. This is Tullow’s second chance with the block, nearly a year after its original contract was cancelled. The 54,000-hectare block lies off the northern coastal department of Tumbes, where Canadian independent Frontera Energy operates […]
Petrobras Completes Pasadena Refinery Sale To Chevron
(Petrobras, 1.May.2019) — Petrobras, following up on the release disclosed on 01/30/2019, informs that it has completed, through its subsidiary Petrobras America Inc. (PAI), the sale to Chevron USA Inc. (Chevron) of 100% of its shares in the companies that encompass Pasadena’s entire refining operations system in the United States. […]
BASF And LetterOne Finalize Merger Of Wintershall And DEA
(LetterOne, 1.May.2019) — LetterOne and BASF today announced the completion of the merger of their oil and gas businesses to create Wintershall Dea, the largest independent exploration and production company in Europe. All necessary regulatory approvals were received from nine countries, including Germany, Norway, the United Kingdom and Russia. Highlights: […]
Calling Students Ages 13-18 Years Old To Participate In Science And Math Contest
(Breakthrough, 1.May.2019) — The Breakthrough Prize Foundation announced today the launch of its fifth annual Breakthrough Junior Challenge, a global student science and mathematics competition designed to inspire creative thinking about fundamental concepts in the life sciences, physics and mathematics. All students must register at https://breakthroughjuniorchallenge.org and submit completed entries between […]
McDermott Awarded EPC Contract By ENI MĂ©xico For Amoca Field Offshore
(McDermott, 30.Apr.2019) — McDermott International, Inc. announced the award of a contract by ENI MĂ©xico for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 miles (30 kilometers) offshore Dos Bocas in southeast Mexico. The four-deck topsides will have two […]
Petrobras Announces Release Date Of 1Q:19 Results
(Petrobras, 30.Apr.2019) — Petrobras will release 2019 first quarter results (1Q19) on May 7, after the closing of the market in Brazil (B3). On May 8 will be held two teleconferences/webcasts (Portuguese and English) to present its results to the company’s analysts and investors. The first, in Portuguese, will be […]
Mexico’s State Oil Entity Pemex Swings To Loss In First Quarter
(Reuters, Ana Isabel Martinez, 30.Apr.2019) — Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted Mexican state oil company fell, results posted to the stock exchange showed on Tuesday. Revenues at Pemex were 356.3 billion […]
Pampa EnergĂa Files Annual Report On Form 20-F For Year Ended Dec. 31, 2018
(Pampa, 30.Apr.2019) — Pampa EnergĂa S.A., the largest independent energy integrated company in Argentina, with participation in the electricity and gas value chain, announces today it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 (the ‘2018 Annual Report’) before the U.S. Securities […]
Petrobras Presents Strategic Plan For Guyana’s Oil And Gas Sector
(Stabroek News, 30.Apr.2019) — Representatives of the majority-state-owned Brazilian oil company, Petrobras yesterday presented a five-year strategic plan for Guyana’s oil and gas industry, which includes technical assistance, export and import services and training, according to a statement from the Department of Public Information (DPI). The plan was presented to […]
Oil Tops $73/bbl Then Pares Gains As Venezuela’s Maduro Claims Support
(Reuters, Collin Eaton , 30.Apr.2019) — Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela’s president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer’s oil exports. Prices rose […]
Pemex Results Swing To Loss In First Quarter
(Reuters, 30.Apr.2019) — Mexico’s Pemex swung to a 35.7 billion peso ($1.8 billion) loss during the first quarter, as sales at the heavily-indebted state oil company slipped in comparison to the same period a year earlier, results posted to the stock exchange showed on Tuesday. Sales at the company were […]
Brazil’s Petrobras Files Reference Form 2018
(Petrobras, 30.Apr.2019) — Petrobras reports that it filed today the Reference Form (“Formulário de ReferĂŞncia”) for the financial year 2018 with the Securities and Exchange Commission of Brazil (ComissĂŁo de Valores Mobiliários, “CVM”), in compliance with CVM Instruction no. 480/09. The Reference Form can be accessed over the internet on […]
Enel Américas Files 2018 Annual Report On Form 20-F
(Enel, 29.Apr.2019) — Enel AmĂ©ricas, announced today that its 2018 Annual Report on Form 20-F has been filed with the United States Securities and Exchange Commission on April 26, 2019. Enel AmĂ©ricas is a company engaged in the electricity generation and distribution businesses in Argentina, Brazil, Colombia and Peru. Our […]
Petrobras Uruguay Says Not Willing To Accumulate Damages, Losses
(Energy Analytics Institute, Aaron Simonsky, 29.Apr.2019) — Petrobras Uruguay commented on announcements made from Petrobras’ headquarters in Rio de Janeiro, Brazil. “Petrobras Uruguay will continue to develop its business and comply with obligations assumed with employees, customers and suppliers,” reported online media La Red 21. Regarding gas distribution, Petrobras Uruguay […]
Ecopetrol Sets Date For 1Q:19 Earnings Report, Conference Call
(Ecopetrol, 29.Apr.2019) — Ecopetrol S.A. announces that on May 6, 2019 after market close, it will release its financial and operating results for the first quarter of 2019. On Tuesday, May 7, Ecopetrol’s senior management will host two conference calls to review the results. Please find below the timing, dial-in […]
LatAmNRG Mexico Briefs: Odebrecht Contracts, FMP Transfer, Oil Slide Halted
(Energy Analytics Institute, Jared Yamin, 27.Apr.2019) — Heard on the street and LatAmNRG briefs related to Mexico reviewing Odebrecht contracts, FMP transferring 115 billion pesos to Federal Treasury and Mexico’s President AndrĂ©s Manuel LĂłpez Obrador claiming that his government has halted the slide in the country’s crude oil production Mexico […]
Houses And Pipelines Associated With Pacific Refinery Uninsured
(Energy Analytics Institute, Piero Stewart, 27.Apr.2019) — Nearly 140 houses adjacent to an embankment intended to be used by the Pacific Refinery as well as a corresponding $334 million pipeline that connects the La Esperanza dam are said to be without insurance. The mentioned assets have been without insurance coverage […]
Ecopetrol Reports Attack To OTA Pipeline In Casas FrĂas De Pupiales
(Energy Analytics Institute, Piero Stewart, 26.Apr.2019) — Colombia’s state oil company Ecopetrol activated a contingency plan along the Trasandino Pipeline (OTA) after an attack on the installation occurred on 26 April 2019 in the village of Casas FrĂas de Pupiales (Nariño). The most recent attack caused a pipeline rupture and […]
Companhia Paranaense De Energia Files Form 20-F
(Copel, 26.Apr.2019) — Companhia Paranaense de Energia – COPEL, a company that generates, transmits, distributes and sells power, with shares listed on the NYSE (ELPVY, ELP), B3 (CPLE3, CPLE5, CPLE6) and the LATIBEX (XCOP), hereby informs its shareholders and the market in general that it has filed its annual Form […]
Petrobras BODs Gives Thumbs Up To Potential Refinery Sales
(Petrobras, 26.Apr.2019) — Petrobras announced that the Board of Directors, in a meeting held today, approved  new guidelines for the management of its asset portfolio. The guidelines are in line with the Resilience Plan, released on 03/08/2019, being part of the preparation process of the 2020-2024 Business and Management Plan, […]
Petronas Enters SPA with Petrobras for Stake in Tartaruga Verde Field
(Petronas, 26.Apr.2019) — Petronas through its subsidiary, Petronas PetrĂłleo Brasil Ltda. (PPBL) entered into a Sale and Purchase Agreement (SPA) with PetrĂłleo Brasileiro S.A. (Petrobras), Brazil’s petroleum multinational corporation, for a 50% equity in the Tartaruga Verde field (BM-C-36 Concession) and its facilities, Module III of the Espadarte field, both […]
ANH President Discusses Projects At Colombia’s Escuela Superior de Guerra
(Energy Analytics Institute, Aaron Simonsky, 26.Apr.2019) — Colombia National Hydrocarbon Agency President Luis Miguel Morelli presented “Offshore Exploration and Production Projects” during a discussion at Colombia’s Military School “Escuela Superior de Guerra”. ***
IDB Lends $600 Million To Aid Colombia Improve Energy Matrix
(Renewables Now, 26.Apr.2019) — The Inter-American Development Bank (IDB) announced on Thursday it will give Colombia a USD-600-million (EUR 538.9m) loan to diversify and improve its energy matrix and integrate non-conventional renewables such as wind, solar and biogas. The IDB loan has a 19-year term, with a 5.5-year grace period and […]
Finnish Refiner Neste Hit By Venezuela Oil Sanctions
(Reuters, Tarmo Virki, 26.Apr.2019) — Finnish biofuel producer and oil refiner Neste reported a bigger than expected fall in quarterly profit on Friday, with U.S. sanctions against Venezuela having curbed crude oil supply to its Nynas joint venture. First-quarter core operating profit fell 6 percent to 378 million euros ($421 […]
Argentina Exported An Average 6 MMcm/d To Chile During 1Q:19
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2019) — Argentina shipped an average of almost 6 million cubic meters per day (MMcmd/) of natural gas to Chile during the first quarter of 2019, while a peak of 9.6 MMcm/d was achieved in March 2019, Argentina’s Energy Secretariat announced on 25 April 2019 […]
Venezuela’s Oil Industry Implosion Reaches Chevron
(Oilprice.com, Tsvetana Paraskova, 25.Apr.2019) — Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in the country, Bloomberg reported on Thursday, citing data that it had compiled from company sources. Chevron holds a 30-percent stake in Petropiar, a joint venture […]
Guyana’s Latest Discovery Similar To Nearby Liza, Hess Says
(Seeking Alpha, Carl Surran, 25.Apr.2019) — Hess says Guyana’s latest offshore deepwater discovery contains oily fluids similar to those of the initial Liza discovery, which is being readied for first production early next year. Yellowtail, the 13th discovery at Guyana’s deepwater Stabroek block by a partnership which also includes Exxon […]
Guyana Oil Find Spurs Exploration Campaigns Among Neighbors
(Amsterdam News, Bert Wilkinson, 25.Apr.2019) — As Guyana, the Caribbean Community’s largest and most resource-rich nation, prepares to become an oil producer by the end of this year, American supermajor ExxonMobil is preparing to add a fourth drilling ship to its offshore fleet given the humongous amount of oil it […]
TGS Files 2018 Annual Report With SEC On Form 20-F
(TGS, 25.Apr.2019) — Transportadora de Gas del Sur S.A. (TGS) filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission (SEC). The 2018 Annual Report can be accessed by visiting the company’s website at www.tgs.com.ar as well as […]
Petrobras Inks Three Deals To Divest Of Assets Worth US$10.3 Billion
(Petrobras, 25.Apr.2019) — Petrobras informs that today it executed three sale and purchase agreements to sell assets in the total amount of US$ 10.3 billion (about R$ 40 billion). In 2019, considering the signed transactions and the closed one, the total amount of asset sales is US$ 11.3 billion. “Today […]
Petrobras Sets Aside R$1.3bn For Litigation Involving Sete Brasil
(Petrobras, 25.Apr.2019) — Petrobras informs, within its ongoing process of assessment of contingencies, that it will provision R$ 1.3 billion as a result of the current stage of litigation involving the company Sete Brasil. The company, which is a victim of the facts verified by Operation Car Wash, continues defending […]
Petrobras Clarifies News Of Agreement With Lava-Jato Task Force
(Petrobras, 25.Apr.2019) — Petrobras informs that it received the Official Letter No. 141/2019/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 141/2019/CVM/SEP/GEA-1 “Dear Executive Officer, We refer to the Relevant Fact published by the issuer on 09-27-2018, the Market Communication of 01-30-2011, and the report published on 03-13-2019 by the […]
LatAmNRG Venezuela Briefs: Oil Worker March, Maduro Denounces Citgo Grab
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Heard on the street and LatAmNRG briefs related to a planned oil and gas sector march slated for 1 May 2019 in Venezuela and Nicolás Maduro denouncing what he calls an illegal appropriation of Citgo by the Venezuelan opposition under the watchful gaze […]
Canadian Solar To Divest Interest In Brazilian Solar Project To Nebras Power
(Canadian Solar, 24.Apr.2019) — Canadian Solar Inc., one of the world’s largest solar power companies, announced today the signing of an agreement for the sale of its 80% interest in a 482.6 MWp portfolio of contracted solar projects in Brazil to Nebras Power Investment Management B.V., a Dutch affiliate of […]
Petrobras Names New Chief Financial And Investor Relations Officer
(Petrobras, 24.Apr.2019) — Petrobras informs that its Board of Directors, at a meeting held today, elected Ms. Andrea Marques de Almeida as the Company’s Chief Financial and Investor Relations Officer. Andrea is scheduled to take office on 05/02/2019. Andrea Almeida is a production engineer, with an MBA in Finance from […]
Petrobras Says BOD Approves Voluntary Severance Program
(Petrobras, 24.Apr.2019) — Petrobras reports that its Board of Directors has approved a new Voluntary Severance Program – PDV. Employees of Petrobras holding who are retired through the INSS (Brazilian Social Security Institute) by June 2020, when the enrollment ends, will be eligible. The purpose of the Program is to […]
Petrobras Updates On Auction Of Transfer Of Rights Excess Volumes
(Petrobras, 24.Apr.2019) — Petrobras following up on the release dated 04/09/2019, informs that, on 04/18/2019, the Resolution of the National Council of Energy Policy (CNPE) No. 6 was published, setting forth the parameters for the bidding of the Transfer of Rights Agreement excess volumes under the Production Sharing regime, being […]
Petrobras Appoints New Executive Manager Over IR Department
(Petrobras, 24.Apr.2019) — Petrobras informs that its Board of Directors, at a meeting held today, approved the appointment of Ms. Carla Dodsworth Albano Miller to the position of Investor Relations Executive Manager. Carla Albano holds a bachelor’s degree in economics from PUC-Rio, with a master’s degree in Business and Finance […]
Reuters Corrects Story Saying Venezuela Is Avoiding U.S. Sanctions by Funneling Oil Sales Through Russia
(The Moscow Times, 24.Apr.2019) — Reuters has corrected a story it published on April 18 saying Venezuela is funneling cash flow from oil sales through Russian state energy giant Rosneft to evade U.S. sanctions after Rosneft threatened to ban the international news agency from operating in Russia. The story, datelined […]
Venezuela’s April Crude Exports Rise To 955,000 b/d After Blackouts
(S&P Global Platts, 24.Apr.2019) — Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when several blackouts crippled export infrastructure, according to the company’s monthly export plan. Asian refiners are taking 786,000 b/d, or 82% of April’s shipments, up from […]
Ecuador President Mandates Merger of Petroamazonas And Petroecuador
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Ecuador’s President Lenin Moreno mandated on 24 April 2019 initiation of a process to merge oil companies Petroamazonas and Petroecuador. The deadline to comply with this process will be until 31 December 2020, reports online media El Comercio. *** © Energy Analytics Institute […]
PDVSA Says Morichal Electric Generation Plant Back In Service
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — PDVSA’s Carabobo Division of the Hugo Chávez Orinoco Oil Belt, or Faja, started up the TG200 turbogenerator at the Morichal Electric Generation Plant, the state oil company announced 24 April 2019 in an official statement. The plant will incorporate 10 megawatts (MW) of […]
New Chief Vows To Keep Petrobras Free From Political Meddling
(Ft.com, Bryan Harris and Andres Schipani, 24.Apr.2019) — Castello Branco knows Brazil oil group needs to show autonomy to regain investor trust. Roberto Castello Branco, the new chief of Brazilian oil company Petrobras, was thousands of kilometres away from his desk, at a conference in Chicago, when he faced his […]
Canadian Solar To Sell 483-MW Project Portfolio In Brazil
(Renewables Now, 24.Apr.2019) — Canadian Solar Inc has reached a deal to sell an 80% stake in a 482.6-MWp portfolio of contracted Brazilian solar projects that are in advanced stages of development. The buyer is Nebras Power Investment Management BV, a wholly-owned Dutch unit of Doha-based Nebras Power Q.P.S.C., which […]
Debt Ghosts Rattle Argentina’s Push For Shale Greatness
(Bloomberg, Alix Steel and Jonathan Gilbert, 24.Apr.2019) — To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis. Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since […]
PDVSA Says Oilfield Power Generator Activated After Blackouts
(Reuters, 24.Apr.2019) — Venezuela’s state-run oil company PDVSA on Wednesday said it had activated a power generator that would allow for an increase in crude oil output, after a string of nationwide blackouts disrupted operations in the country’s heavy-crude oil Orinoco belt. The company said in a statement the generator […]
Venezuela Imports Crude For The First Time In Five Years
(Bloomberg, Lucia Kassai, 24.Apr.2019) — Oil production in Venezuela has dipped so low that the owner of the world’s largest reserves is importing crude for the first time in five years. The nation’s output fell below 1 million barrels a day to a 16-year low in March, amid rolling blackouts […]