(NYT, Annie Karni and Nicholas Casey, 5.Apr.2019) — The Trump administration announced on Friday its latest round of economic sanctions against the government of President Nicolás Maduro of Venezuela, this time aimed at oil shipments between Venezuela and Cuba, a country that the administration has accused of propping up Mr. […]
Category: Latin America and the Caribbean
YPFB President Says Incahuasi-5 Well To Add 3.5 MMcm/d Of NatGas Output
(Energy Analytics Institute, Ian Silverman, 5.Apr.2019) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) President Oscar Barriga says the Incahuasi-5 well, located 250 kilometers southwest of Santa Cruz department, will have a positive impact on Bolivia’s overall production profile. The Incahuasi-5 well will have a maximum production potential of 3.5 million cubic […]
Petrobras Announces TAG Sale Offer
(Petrobras, 5.Apr.2019) — Petrobras informs that, in the scope of the competitive sale process of 90% of Transportadora Associada de Gás SA (“TAG”), ENGIE group, jointly with the Canadian investment fund Caisse de Depot and Placement du Quebec (“CDPQ”), presented the best proposal, representing an Enterprise Value of R$ 35.1 […]
Ecopetrol Files Form 20-F For Fiscal Year 2018
(Ecopetrol, 5.Apr.2019) — Ecopetrol filed its annual report under Form 20-F for the fiscal year ended December 31, 2018 with the U.S. Securities and Exchange Commission (the “SEC”). With the filing of its annual report under Form 20-F the company complies with its reporting obligations with the U.S. Securities and […]
Venezuela flaring nearly 2 Bcf/d of gas as oil production falls
CARACAS, VENEZUELA (Pietro D. Pitts, Energy Analytics Institute, 4.Apr.2019, Words: 280) — Venezuela, home to the world’s largest oil reserves and one of Latin America’s larger oil producers, is flaring around 2 billion cubic feet per day (Bcf/d) of natural gas associated with the production of the country’s bread-and-butter commodity, […]
New Reference Price For Jet A-1 Fuel In Uruguay
(Energy Analytics Institute, Aaron Simonsky, 4.Apr.2019) — Uruguay will establish a new reference price for its Jet A-1 fuel as part of an initiative to position Uruguay on par with regional airports. Authorities from ANCAP and Uruguay’s Ministry of Industry confirmed that from 29 April 2019 that an adjustment will […]
Argentina Energy 2019: Oil & Gas, Lithium and Energy Transition
(Institute of the Americas, 4.Apr.2019) — On March 27-28, the Institute of the Americas convened its annual Energy Roundtable in Buenos Aires with the participation of over 100 representatives from the federal, provincial and city government, regulators, industry, academia and civil society. The two day Roundtable counted several high level […]
Phoenix Awarded Concession At Puesto Rojas Block In Argentina
(Phoenix, 4.Apr.2019) — Phoenix Global Resources plc has been granted an unconventional concession for its Puesto Rojas block in Mendoza province. The company has been notified by Mendoza Province that it has been successful in its application for an unconventional concession for the entire Puesto Rojas block. The new concession […]
Venezuela Blackouts Cut Oil Output by Half During March
(Bloomberg Fabiola Zerpa, 4.Apr.2019) — Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country’s crude production by half, according to people familiar with the situation. Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil […]
Turkish Ship Company Is Transporting Venezuelan Crude
(Argus, 4.Apr.2019) — Turkey-based Gungen is one of a handful of shipowners that continues to transport Venezuelan crude oil after the US levied sanctions on the South American country’s state-owned oil company PdV in January. Most major oil tanker operators have turned away from Venezuelan crude because of legal, safety […]
Q&A: Mexico Oil Regulator Says Slow Wins The Race
(Argus, 4.Apr.2019) — Mexico’s oil regulator CNH administers more than 100 contracts for oil and natural gas exploration and production (E&P) that will attract $161bn in investment if all licenses prove viable, but President Andres Manuel Lopez Obrador says the results so far are underwhelming. CNH commissioner Alma America Porres […]
LatAmNRG Bolivia Briefs: Gas Sector Dependence, Moody’s ‘Ba3’ Rating
(Energy Analytics Institute, Ian Silverman, 3.Apr.2019) — Heard on the street and LatAmNRG briefs related to Bolivia and the country still being highly dependent on its hydrocarbon sector and Moody’s ratifying the country’s rating at ‘Ba3’. Bolivia Still Highly Dependent On Hydrocarbon Sector, Says Moody’s (Energy Analytics Institute, Ian Silverman, […]
Repsol, Exxon and Ecopetrol Enter Into Colombian Exploration Contracts
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) — Colombia’s National Hydrocarbon Agency (ANH) announced that Ecopetrol, Repsol Exploración Colombia S.A., and ExxonMobil Exploration Colombia Ltd signed two separate offshore exploration contracts for the “Gua Off-1” and “Col-4” blocks, ANH said 3 April 2019 in an official statement. Execution of both contracts […]
LatAmNRG Paraguay Briefs: PDVSA-Petropar Case, Troche Plant Appointment
(Energy Analytics Institute, Ian Silverman, 3.Apr.2019) — Heard on the street and LatAmNRG briefs related to a tribunal’s decision to temporarily suspend a process between PDVSA and Petropar, and Parguay’s Petropar appointing an industrial chemist to head up operations at its José Troche Plant. Petropar Names Industrial Chemist To Head […]
Hocol Reports Gas Find At Arrecife-1ST Well In Colombia
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) — Hocol, a company of Ecopetrol Group, announced a new natural gas discovery at its Arrecife-1ST well located in Colombia’s Córdoba department. Data from well indicate discovery of sandstones with gas at several intervals from the Upper Ciénaga de Oro formation of Miocene geological […]
IGU Releases 2019 World LNG Report As Global Trade Continues To Grow
(IGU, 2.Apr.2019) — The International Gas Union (IGU) released its 2019 World LNG Report – an annual, in-depth analysis of the current state of the Global LNG Industry over the previous 12 months. Examining a range of metrics, the latest report illustrates that 2018 was another strong year for LNG, […]
Sempra Gets Licenses To Export US LNG Out Of Mexico
(Argus, 2.Apr.2019) — The US Department of Energy (DOE) has authorized the Energia Costa Azul (ECA) LNG export project in northwest Mexico to re-export US pipeline gas as LNG to countries that do not have free trade agreements (FTAs) with the US. The DOE on 29 March issued two 20-year […]
Tecpetrol Says Resolution 46 Covers Entire Fortin de Piedra Gas Project
(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2019) — Tecpetrol, the oil and gas affiliate of Techint, considers that a resolution emitted by Argentina’s Finance Ministry rejects the appeal presented for incorrect liquidation of benefits offered by the country’s gas subsidy, officially Resolution 46/17, the company announced in a post on its […]
ECA LNG Receives US Non-FTA Approval For Liquefaction Exports
(Sempra, 1.Apr.2019) — Sempra Energy has announced that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the U.S. Department of Energy (DOE) to export U.S. produced natural gas to Mexico and to re-export liquefied natural gas (LNG) to countries that do not have a free-trade agreement (non-FTA) […]
Citgo Reports Higher Exports, Crude Throughputs
(Argus, 1.Apr.2019) — Citgo increased fuel exports and domestic crude processing last year, the company said in rare public guidance on the Venezuelan-controlled independent refiner’s operations. The refiner reported crude throughputs of 716,000 b/d for 2018, a 9.1pc increase from the 656,333 b/d of crude processed in 2017, the company […]
LatAmNRG Colombia M&A Briefs: Chevron Eyes Yumbo, Buenaventura Terminals
(Energy Analytics Institute, Piero Stewart, 1.Apr.2019) — Heard on the street and LatAmNRG briefs related to US-based Chevron’s dealings to acquire the Yumbo and Buenaventura terminals and Terpel’s plans to divest of some 2,296 petrol stations in 2019. Chevron Negotiates Purchase Of Yumbo and Buenaventura Terminals (Energy Analytics Institute, Piero […]
LatAmNRG Q&A Series With Refinitiv’s Carl Larry
(Energy Analytics Institute, Ian Silverman, 31.Mar.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, unconventionals to renewables, Houston-based Refinitiv Market Development Manager Carl Larry weighs in on Peru LNG and issues it faces from increasing US natural gas volumes […]
Decisions Of The Ecopetrol General Shareholders’ Meeting
(Ecopetrol, 29.Mar.2019) — Ecopetrol S.A. announces that, at the General Shareholders’ Meeting held on March 29, 2019, the Company’s Shareholders approved the following: 1. The plan for distribution of profits, which establishes a distribution of an ordinary dividend per share of one hundred sixty-nine Colombian pesos (COP $169) and an […]
BPTT’s Wendy Fae Thompson At The 3rd Biennial Oil And Gas Law Conference
(BPTT, 29.Mar.2019) — BPTT has partnered with the University of the West Indies from the inception of this conference and we are pleased to once again be a sponsor. 3rd Biennial UWI Faculty of Law Oil and Gas Law Conference and the Just Transition Initiative Conference 2019 March 26-28, 2019 […]
Trinidad Gov’t And BPTT Discuss Issues Relating To Galeota Based Contractors
(MEEI, 27.Mar.2019) — The Honourable Stuart Young Minister of National Security, Minister of Communications and Minister in the Office of the Prime Minister, and Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries met with Ms. Claire Fitzpatrick, Regional President, BP Trinidad and Tobago (BPTT) and Mrs. Giselle […]