(Energy Analytics Institute, Aaron Simonsky, 29.Jun.2018) – “Today Brazil is the most competitive in all of deepwater and ultra-deepwater,” José Firmo, Brazilian Petroleum Institute, said during a debate hosted by Washington, DC-based Inter-American Dialogue. ***
Category: Latin America and the Caribbean
ENAP Board Appoints New CEO
(ENAP, 29.Jun.2018) – The new executive has a long and successful career, which highlights his experience in the management of large companies, as well as an innovative business vision. After an exhaustive search and selection process carried out by the consultancy Seminarium, ENAP Board of Directors, headed by its Chairwoman, […]
Trinidad, Venezuela Near Gas Sales, Export Agreement
(TeleSur, 29.Jun.2018) — The government of Trinidad and Tobago is projecting that a gas sales agreement with Venezuela will be finalized, signed and ready to be implemented by July 16. “We have finally narrowed down all of the terms and conditions, and we’re outstanding on one item, and we’re supposed […]
Venezuela’s Oil Ministry Has New Website
(Energy Analytics Institute, Piero Stewart, 29.Jun.2018) – Venezuela’s Oil Ministry launched its new website and promotional video regarding the same. 🇻🇪🌐 #WEB | Desde @MinPetroleoVE te invitamos a conocer la actualidad petrolera y energética en nuestra nueva página web 📲🖥️🖱️ https://t.co/BbKhLeo1zx pic.twitter.com/JyOCwc1eab — Min. PP Petróleo (@MinPetroleoVE) June 29, 2018 […]
Sapura E&P Signs PSC in Mexico
(Energy Analytics Institute, Ian Silverman, 29.Jun.2018) – Three months after being awarded Mexico’s Block 30, Sapura and its partners sign a PSC. “We are proud to be the only Malaysian-owned company to be awarded during this bidding round, together with our partners. This is a significant milestone for Sapura Energy […]
Sterlite, State Grid Win Brazil Power Licenses
(Reuters, 29.Jun.2018) – India’s Sterlite, China’s State Grid, and Colombia’s Isa clinched licenses to build power transmission lines in Brazil in a government auction on Thursday that is expected to draw a total of 6 billion reais ($1.55 billion) in investment. Some 47 companies and consortia registered to present bids […]
Venezuela, Trinidad Review Joint Projects
(Energy Analytics Institute, Piero Stewart, 29.Jun.2018) – A delegation from Trinidad & Tobago traveled to Venezuela to discuss joint projects and gas related issues. The meetings were aimed at guarantying the supply of Venezuelan natural gas to the Trinidad & Tobago domestic market, announced PDVSA in an official statement. The […]
Gazprom to Invest $1.2 Bln in Bolivia
(Energy Analytics Institute, Aaron Simonsky, 28.Jun.2018) – Gazprom confirmed it will invest $1.22 billion in the Bolivian petroleum sector. The Russian company’s investments will be destined towards exploration activities at the Vitiacua field located in the department of Chuquisaca. Gazprom didn’t rule out financing rehabilitation projects for older Bolivian fields, […]
Ecopetrol Director to Divest of Shares
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – Authorization has been granted to a director to sell shares of Ecopetrol S.A. The Board of Directors of the Ecopetrol has unanimously authorized company Director Dr. Héctor Manosalva Rojas to sell 49,380 of his shares in Ecopetrol. The transaction was authorized under Article […]
S&P Affirms Ecopetrol Rating
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – The rating agency affirmed the investment rating for Ecopetrol, S.A. Standard & Poor’s kept Ecopetrol’s long-term international rating at BBB-, with stable outlook, and stand-alone credit rating at bb+, reported Ecopetrol in an official statement. In a recent report, the agency highlighted Ecopetrol’s […]
DOE Assists with $1B Investment in Mexico
(Natural Gas Intelligence, 28.Jun.2018) – Citing a “profound opportunity in Latin America,” Department of Energy (DOE) Secretary Rick Perry said the U.S. government would partner with the Overseas Private Investment Corporation (OPIC) and invest $1 billion in Mexico’s energy sector over the next three years. The joint initiative, officially the […]
EDP Introduces Blockchain Solution in Brazil
(Renewables Now, 28.Jun.2018) – Energias de Portugal SA (ELI:EDP) announced on Thursday it has become the first to use blockchain technology to measure and record energy consumption and distributed generation (DG) coming from its consumers in Brazil. EDP’s new solution simplifies the process of managing the energy produced and consumed […]
Brazil to Auction 20 Transmission Lines
(RioTimes, Lise Alves, Senior Contributing Reporter, 28.Jun.2018) – ANEEL (Electric Energy Regulator) in Brazil will conduct the first energy transmission auction of the year on Thursday (June 28th) with twenty lots of transmission lines up for sale. According to officials the sale of these lots will generate R$6 billion in […]
Ecopetrol Files Collective Labor Claim
(Energy Analytics Institute, Ian Silverman, 28.Jun.2018) – Colombia’s state oil company has filed a collective labor agreement claim with the Ministry of Labor. As prescribed by law, signatories of collective labor agreements are authorized to state their intentions to amend them through a claim and, if petitions are filed by […]
Citgo Appoints Aruba Refinery Executives
(Reuters, 28.Jun.2018) – Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run oil company PDVSA, said it appointed two senior executives to new positions as it works to refurbish an idled Aruba refinery. Luis Marquez was named vice president and general manager at the refinery, a 235,000-barrel-per-day plant in San […]
PDVSA, Rosneft Officials Discuss Projects
(Energy Analytics Institute, Piero Stewart, 28.Jun.2018) – Officials from both oil companies held meetings in Caracas to discuss partnerships. PDVSA President Manuel Quevedo, who also serves as Venezuela’s Oil Minister, conducted a meeting with Rosneft Vice President Didier Casimiro to discuss joint projects between the Venezuelan and Russian companies, respectively, […]
PDVSA, Reliance Discuss Trade Opportunities
(Energy Analytics Institute, Piero Stewart, 28.Jun.2018) – Officials from PDVSA and Reliance assess new trade opportunities. PDVSA President Manuel Quevedo met with a delegation headed by Jayaraman Rajamaran, President and Head – Physical Trading – Crude/Oil Products Refining & Marketing at Reliance Industries Ltd. Reliance – owner of Jamnagar refinery, […]
OPEC Deal Implies 1.972 MMb/d from Venezuela
(Energy Analytics Institute, Piero Stewart, 27.Jun.2018) – OPEC’s recent agreement in Vienna implies Venezuela’s commitment to comply with oil production of 1.972 million barrels per day for the second semester of 2018. The agreement was announced at the recent meeting – the 4th Ministerial Meeting of Oil Exporting Countries Organization […]
ENAP Articulates Gas Export Framework Deal
(ENAP, 27.Jun.2018) – The signing of this agreement positions ENAP as a leading company in managing agreements that allow greater energy integration between both countries. A new operation to export natural gas from our country to Argentina began today after the signing of a framework agreement between the two countries, […]
Petrojam Partner Knocks Contract Process
(Jamaica Gleaner, 27.Jun.2018) – Petrojam, the beleaguered government-controlled oil refinery, spent over $14 billion or 74 per cent of its domestic expenditure over a two-year period to last October via direct and emergency sourcing, rather than competitive bidding contracts, an internal audit by Jamaica’s partner in the refinery revealed. The […]
Guyana Potential Game Changer for Petrotrin
(Trinidad and Tobago Newsday, Julien Neaves, 27.Jun.2018) – Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says National Gas Company (NGC) Chairman Gerry Brooks. He was speaking during a presentation at the Chamber of Industry and Commerce’s Business Outlook breakfast meeting held […]
PentaNova Board Member Resigns
(PentaNova Energy Corp., 27.Jun.2018) – PentaNova Energy Corp. announced that Ms. Susannah Pierce, who joined the board in 2017, resigned from the company’s Board of Directors on June 21, 2018 due to increasing personal and professional commitments. At the time of Ms. Pierce’s resignation, she served on the Board’s Audit […]
Petrobras New CFO Election
(Petrobras, 27.Jun.2018) – Petrobras informs that its Board of Directors, at a meeting held today, appointed the engineer Rafael Salvador Grisolia to the position of Chief Financial and Investor Relations Officer of the company, with an office term until March 26, 2019, the same term of the other officers of […]
Linking Permian, Eagle Ford to Monterrey
(Natural Gas Intelligence, Carolyn Davis, 27.Jun.2018) – The mantra for a San Antonio, TX-based midstream operator, whose portfolio is increasingly weighted to southern destinations, could well be what’s good for Texas is good for Mexico. Howard Midstream Energy Partners LLC, aka Howard Energy Partners (HEP), is making inroads in the […]
PDVSA’s Amuay Halts Cat Cracker
(Reuters, 27.Jun.2018) – Venezuela’s 645,000 barrel-per-day (bpd) Amuay refinery has halted its catalytic cracking unit and its distillation unit No. 5, a refinery worker and a union leader said on Wednesday, while state oil company PDVSA said the units were operational. The cat cracker was halted on Saturday while the […]
Stuart Young Leads Venezuelan Energy Talks
(LoopTT, 27.Jun.2018) – Minister in the Office of the Prime Minister, Minister in the Ministry of the Attorney General and Legal Affairs and Minister of Communications Stuart Young led a Trinidad and Tobago delegation in Venezuela on Wednesday. The team comprised of the President of the National Gas Company of […]
Trinidad, Guyana and Suriname: Challenges
(AIPN, 27.Jun.2018) – Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select group will consist of Kevin Ramnarine, former Trinidad & Tobago Energy Minister (2014-15); Energy Strategic Advisor and Lecturer Carlos Bellorin, […]
Oil Potential in Argentina’s Tobifera Formation
(Energy Analytics Institute, Jared Yamin, 26.Jun.2018) – Echo Energy plc announced a significant light oil column has been interpreted in its third well, onshore Argentina. The EMS-1001 well, located in the Fraccíon C licence operated by Compañía General de Combustibles S.A. (CGC), reached a total depth of 2460m in the […]
Geothermal a Superpower in Mexico’s Potential
(Mexico News Daily, 26.Jun.2018) – The capacity to generate geothermal energy is a veritable superpower within Mexico’s enormous energy potential but a significant barrier stands in the way of reaping its rewards: exploiting it is very expensive. However, a New Zealand company that specializes in developing technologies to overcome earth, […]
Colombia Preps for Hammer Time
(Renews, 26.Jun.2018) – The Colombian government will next month publish the initial heads of terms for the South American country’s first ever auction for renewables other than large hydro. Energy regulator CREG and mining and energy planning unit UPME are finalising rules and regulations ahead of the auction slated to […]
BHP Provides Update on Samarco
(BHP Billiton, 26.Jun.2018) – On 2 March 2016, Samarco Mineração S.A., Vale S.A., BHP Billiton Brasil Ltda (the Companies), and the Federal Government of Brazil, the Brazilian states of Espirito Santo and Minas Gerais and other public authorities entered into a Framework Agreement that provides for the settlement of the […]
Why Are Oil Prices Rising?
(Wall Street Journal, 26.Jun.2018) – Rising oil prices are not good for consumers, or for President Trump’s administration. The Wall Street Journal‘s Gerald F. Seib explains the rise in oil prices. ***
Venezuela’s Petropiar upgrader begins restart
(Reuters, 26.Jun.2018) – Venezuela’s PDVSA and Chevron have begun to restart their 210,000-barrel-per-day (bpd) Petropiar heavy crude upgrader after a nearly month-long, repair-related shutdown and a fire, according to the state-run company and two sources close to the facility. Venezuela’s crude upgraders, which can convert near 700,000 bpd of extra-heavy […]
PdV Restarting PetroPiar Upgrader
(Argus, 26.Jun.2018) – Venezuelan state-owned PdV is restarting its 210,000 b/d PetroPiar upgrader this week after completing month-long repairs, PdV and energy ministry officials said. Chevron, which has a 30pc stake in Petropiar, is “working closely” with PdV to restart the facility, the PdV executive said. Chevron regularly declines to […]
PDVSA Controls Fire at PetroPiar Furnace
(Energy Analytics Institute, Piero Stewart, 26.Jun.2018) – The early morning incident occurred at the José Antonio Anzoátegui Industrial Complex (CIJAA) in Barcelona, Venezuela. The fire occurred at the hydro processing unit furnace 14 F-001, announced PDVSA in an official statement. The PetroPiar joint venture upgrades crude oil from the Hugo […]
Mexico Considering Mechanism for Geothermal
(ThinkGeoEnergy, 26.Jun.2018) – Indicated in a recent webinar as part of the upcoming GEOLAC geothermal conference, a new price mechanism specifically tailored towards geothermal is being considered for Mexico. As reported by ReNews, Mexico is considering a dedicated price support mechanism for geothermal energy outside its technology-neutral auctions dominated by wind […]
OPEC Ministerial Meeting in December
(Energy Analytics Institute, Piero Stewart, 25.Jun.2018) – Ministers from the Oil Exporting Countries Organization (OPEC) announced during meetings in Vienna, Austria that the 5th OPEC+ countries Ministerial Meeting will take place in the same city on December 4, 2018. ***
Argentina Gears Up For Offshore Licensing Round
(E&Pmag, Brunno Braga, 25.Jun.2018) — Argentina is working to increase its attractiveness in the energy sector in a region where other countries such as Brazil, Guyana and Mexico have lured investment from major oil companies. The South American country is about to launch its first round of offshore licensing after […]
Macri’s Reverse Unnerves Shale Investors
(Financial Times, Benedict Mander, 25.Jun.2018) – The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the world’s largest deposits of shale oil and gas. In his drive to liberalise Argentina’s energy markets, President Mauricio Macri […]
Tartaruga Verde Field Commences Production
(Petrobras, 25.Jun.2018) – Petrobras started production of Tartaruga Verde field, in deep waters of Campos Basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de Janeiro, in water depth of 765 meters, with a […]
Frontera Closes $350 Mln Notes Offering
(Energy Analytics Institute, Ian Silverman, 25.Jun.2018) – The Canadian company plans to use majority of proceeds to repurchase notes due in 2021. Frontera Energy Corporation completed the offering of $350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% pursuant to Rule 144A and Regulation S […]
Brazil Labor Court Rules Against Petrobras
(Reuters, 21.Jun.2018) – Brazil’s top labor court ruled in favor of workers at Brazil’s state-controlled oil giant Petroleo Brasileiro in a wage spat that could cost the world’s most indebted oil company up to 17 billion reais ($4.5 billion). Petrobras, as the company is known, could still appeal the Superior […]
Argentine Minister, Gas Distributors Hold Meetings
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Argentina’s recently appointed Energy Minister Javier Iguacel conducted meetings with executives from gas distributors and transporters in the Southern Cone country to discuss some important issues. The meetings come at a crucial time as many companies in the Argentine gas sector face problems […]
Luis Arce Named New Director at YPFB Transporte
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Bolivia has named as a new director at YPFB Transporte. Luis Arce, who served as Bolivia’s Economic and Finance Minister from January 23, 2006 until June 24, 2017, when he left his post for medical reasons, will replace Evelio Harb Pedraza, reported the […]
Newsan, Vestas to Invest in Wind Turbines
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Newsan Group and Vestas have earmarked investments of $22.4 million in Argentina. Newsan Group, an Argentina producer of domestic appliances and the country’s largest shrimp exporter, and Danish giant Vestas, plan the investments to manufacture wind turbines and the gondolas that house them […]
Gulf Of Mexico Production To Hit Record High
(OilPrice.com, Tsvetana Paraskova, 24.Jun.2018) – While the U.S. shale production in the Permian has been grabbing most of the market and media attention over the past two years, the Gulf of Mexico has been quietly staging a comeback. Big Oil firms, the main operators in the Gulf of Mexico, have […]
India, Cuba Shake Over Renewable Energy
(PTI, 23.Jun.2018) – India and Cuba have agreed to enhance cooperation in biotechnology, renewable energy and traditional medicine as President Ram Nath Kovind held wide-ranging talks with his Cuban counterpart Miguel Diaz-Canel to further cement the strong bilateral ties. Kovind, who arrived here on Thursday on the last leg of […]
Factsheet: PDVSA’s El Palito refinery
CARACAS, VENEZUELA (Energy Analytics Institute, Piero Stewart, 23.Jun.2018, Words: 157) – PDVSA’s El Palito refinery has been in service now for 58 years. Operations at the refinery commenced on 23 Jun. 1960. The refinery, with two units: a primary crude distillation unit and catalytic reform unit, had an initial processing […]
Mexico’s Presidential Elections and U.S. Energy Cos
(MarketPlace.org, Lorne Matalon, 22.Jun.2018) – Antonio Godinez Vera makes his living turning golden kernels of Mexican corn into a mash that becomes tortillas. People like Godinez, a small business owner with four employees, are part of a wave that could power Andrés Manuel López Obrador to the Mexican presidency when […]
Frontera Prices $350 Mln Notes at 9.7%
(Energy Analytics Institute, Piero Stewart 22.Jun.2018) – Canada’s Frontera Energy Corporation successfully priced an offering of $350 million. The offering was comprised of senior unsecured notes due 2023 at a coupon rate of 9.70% pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, […]