(Argus Media, 23.May.2018) – Global commodity price reporting and news agency Argus has been awarded first place for its coverage of Mexican energy markets, in […]
Category: Latin America and the Caribbean
Peru President Cancels Tullow’s Offshore Oil Contracts
(Reuters, Marco Aquino & Mitra Taj, 23.May.2018) — The government of Peruvian President Martin Vizcarra canceled his predecessor’s decision to award five offshore oil contracts […]
Mexico’s Vista Oil & Gas Signs Onshore JV With Jaguar
(Reuters, 23.May.2018) – Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company […]
Building Momentum – Oil and Gas in Latin America
(By Rodolfo Guzman, Paola Perez, Paola Carvajal, Roberto Imperatore, Arthur D. Little, 22.May 2018) – Unconventional oil production has grown these past few years despite […]
BP Projects Higher Future Cash from T&T
(By Trinidad Express, Aleem Khan, 22.May.2018) — BPTT’s standardized measure of discounted future net cash flows for 2017 was updated to US$3.3 billion in the […]
Mexican Drillers Sign 1st Deal Without State Oil Giant
(Bloomberg, Amy Stillman, 22.May.‎2018‎) – Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos […]
Fire at Barrancabermeja HDT Plant Controlled
(Energy Analytics Institute, Aaron Simonsky, 21.May.2018) – Colombia’s state oil company Ecopetrol announced that it has controlled a fire at the HDT plant of the […]
Gas Supply Problems Turning Cos. Away from Trinidad
(InterFax, 18.May.2018) – Jerome Dookie, the chief executive of Trinidadian ammonia producer Caribbean Nitrogen Co. (CNC), said on Wednesday that gas supply disruptions have made […]
Venezuela Election, US Sanctions, Rising Prices, Falling Output
(Platts, 18.May.2018) — Ahead of Sunday’s presidential election in Venezuela, Risa Grais-Targow, director-Latin America, at the Eurasia Group, spoke to S&P Global Platts about the […]
Venezuela Oil Output Down to 1949 Levels
(Energy Analytics Institute, Aaron Simonsky, 18.May.2018) – Venezuela’s oil production continues to fall, and further declines are anticipated due to a number of problems at […]
Shell’s T&T boss: Diversify Quickly
(By Trinidad Express, Aleem Khan, 18.May.2018) — Royal Dutch Shell’s Derek Hudson, local country chair of the world’s second largest oil and gas company, said […]
President Energy Looks for Production When Chasing Deals
(Energy Analytics Institute, Ian Silverman, 17.May.2018) – The Finance Director of London-based President Energy plc, Rob Shepherd, made the comments during a televised interview with […]
PDVSA Looks to Recuperate Lake Vessels in Bachaquero
(Energy Analytics Institute, Aaron Simonsky, 17.May.2018) — PDVSA officials Executive Vice President Ysmel Serrano and External Directors Ricardo LeĂłn and Yurbis GĂłmez visited with workers […]
T&T No Longer Attractive for New Gas Projects
(By Trinidad Express, 17.May.2018) — The CEO of ammonia producer Caribbean Nitrogen Company (CNC), Jerome Dookie, said yesterday that problems with natural gas supplies have […]
Canacol Looks to Divest Non-Core Assets in Colombia
(Canacol Energy Ltd., 16.May.2018) – Canacol Energy Ltd. announced plans to divest of non-core Colombian conventional oil assets, among other management objectives for 2018. These […]
Canacol Energy Ltd. Reports 24% Increase in 1Q:18 Revenues
(Canacol Energy Ltd., 15.May.2018) – Canacol Energy Ltd. reported its financial and operating results for the three months ended March 31, 2018. “The first quarter […]
Factbox: Venezuela’s Ayacucho Block 1
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s Ayacucho Block is one of four that comprise the Hugo Chavez Orinoco Heavy Oil Belt, also known […]
PDVSA Ex-President Luis Giusti Says Co. Bankrupt
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s state oil company PetrĂłleos de Venezuela, S.A. (PDVSA) is bankrupt, at least that what its former president […]
PDVSA Inaugurates Valdez Thermoelectric Plant in GĂĽiria
(Energy Analytics Institute, Jared Yamin, 14.May.2018) – PDVSA inaugurated the 175 megawatt TG1 turbo-generating unit of the Juan Manuel Valdez Thermoelectric Plant located within the […]
Colombia’s Gas Reserve Life up to 11.7 Years in 2017
(Energy Analytics Institute, Aaron Simonsky, 14.May.2018) – Colombia’s natural gas reserve life ratio rose 13.6% year-over-year. Colombia’s Mines Ministry said the South American country had […]
Conoco Authorized to Seize $636 Mln in PDVSA Assets
(Reuters, 13.May.2018) – A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to […]
Solar Power Lights Up Rural Bolivia
(World Bank, 11.May.2018) – How do you turn on a light at night when you’ve left the power grid far, far behind? In Bolivia, the […]
TT’s Energy Landscape
(Trinidad and Tobago’s Newsday, Richardson Dhalai, 10.May.2018) — Trinidad and Tobago has been involved in the petroleum sector for over 100 years and is the […]
PDVSA’s Quevedo Meets with Service Providers in Maturin
(Energy Analytics Institute, Aaron Simonsky, 8.May.2018) – Venezuela’s Oil Minister and PDVSA President Manuel Quevedo traveled to MaturĂn to meet with representatives from companies that […]
PDVSA Audit and Venezuela Oil Sector Opening Needed
(Energy Analytics Institute, Piero Stewart, 7.May.2018) – Venezuela’s opposition presidential candidate Henri Falcon said changes need to be made at state oil company PetrĂłleos de […]
Venezuela Ratifies PDVSA President Quevedo, Names Board
(Energy Analytics Institute, Aaron Simonsky, 6.May.2018) – Venezuela published its Official Gazette No. 41,389 on 3 May 3 2018 which detailed Decree No. 3398 and […]
Bolivia Looks to Build Gas Liquefaction Plant in Ilo
(Energy Analytics Institute, Jared Yamin, 5.May.2018) – Bolivia plans to construct a gas liquefaction plant in the Peruvian port of Ilo in order to consolidate […]
Venezuela’s oil minister promotes partnerships in the Faja
(PDVSA, 5.May.2018) – People’s Minister of Petroleum and President of Petroleos de Venezuela SA (PDVSA), Manuel Quevedo, held a strategic meeting with oil business leaders […]
Bolivia Shifts Gas Investment Plans Amid Protests
(Efe, 4.May.2018) – Bolivia announced on Friday it was halting plans to spend $683 million on natural gas exploration work in an area of the […]
Vizcarra Says Peru to Review Contracts, Including Tullow’s
(Energy Analytics Institute, Jared Yamin, 4.May.2018) – Peru’s President Martin Vizcarra announced his government plans to review all petroleum exploration contracts awarded in the country. […]
Ecopetrol Profit Rises Nearly 200% in First Quarter
(Reuters, 4.May.2018) – Ecopetrol, Colombia’s state-run oil company, said on Thursday that its first quarter net profit rose to 2.6 trillion pesos ($923.3 million), up […]
Colombia Oil Reserves up 7% in 2017- Energy Ministry
(Reuters, 3.May.2018) – Colombia said on Wednesday its oil reserves were up 7 percent to 1.78 billion barrels at the end of last year, as […]
PEMEX Seeks Partners for Seven Onshore areas
(Energy Analytics Institute, Aaron Simonsky, 3.May.2018) – Mexico’s state oil company PEMEX is seeking partners for land grouped into seven onshore areas containing light and […]
Bolivia’s YLB and ACI Systems to Build $1.3 Bln Lithium Plant
(Energy Analytics Institute, Jared Yamin, 3.May.2018) – Bolivia’s Yacimientos de Litio Bolivianos (YLB) selected ACI Systems GmbH as its partner to create a joint venture […]
Ecopetrol Provides Update on Emergency in Tumaco
(Energy Analytics Institute, Jared Yamin, 2.May.2018) – Colombia’s Ecopetrol published a brief update on emergency operations in Tumaco. In the area there are more than […]
Claire Fitzpatrick, First Female to Lead BPTT
(BPTT, 1.May.2018) – Mrs. Claire Fitzpatrick has been appointed as Regional President of BP Trinidad and Tobago (BPTT). In this role, Mrs. Fitzpatrick will be […]
Venezuela’s Oil Sector Glory Days [EAItv]
(Energy Analytics Institute, Piero Stewart, 1.May.2018) – A brief look at Venezuela’s oil sector glory days. Will they return?
Echo Energy Sees Favorable Investment Ops in Argentina
(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is […]
Exxon Defends Guyana Deal Amid Criticism, Seeks Quick Production
(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its […]
ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by […]
Bolivian Govt Expects $90 Mln Return from New Gas Well
(Efe, 30.Apr.2018) – A new natural gas well that began production Monday in the southern region of Tarija is expected to contribute $90 million to […]
Bolivia, Denmark Invest $193.9 Mln in Santa Cruz Projects
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Bolivia and Denmark plan to invest $193.9 million on wind complexes in Warnes, San Julián and El Dorado […]
Venezuela Never Closed Its Doors on T&T Nationals: Lawmaker Says
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Venezuelan lawmaker JosĂ© Brito wrote in a Twitter post that the OPEC country never closed its doors to […]
Hess Acquires Interest in New Acreage Offshore Guyana
(World Oil, 30.Apr.2018) – Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production […]
Exxon Mobil: Second Well has no Commercial Quantities of Oil
(Asianet-Pakistan, 28.Apr.2018) – ‘Unfortunately, the well did not encounter commercial quantities of hydrocarbons. Exploration wells come with a certain amount of risk and this is […]
Pemex Turns $6 Bln Profit On Oil Prices
(Reuters, 27.Apr.2018) – Mexican state-run oil company Pemex said on Friday its net profit rose 29 percent in the first quarter compared with the year-earlier […]
ConocoPhillips’s Chilean Interests
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Chile in the Coiron Block in the Magallanes Basin, the company reported in a […]
ConocoPhillips’s Interest in Colombia
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Colombia in the Middle Magdalena Basin at VMM-3 and VMM-2, where it serves as […]
Favorable Terms To Help Guyana Prove Potential
(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries […]
Golar Power Closing on 1.5GW Sergipe Power Project
(Golar LNG, 19.Apr.2018) — Golar LNG Limited announce that Golar Power Limited, a joint venture with Stonepeak Infrastructure Partners, has reached financial closing on the […]