(Argus, 20.May.2020) — State-owned PdV has partially restarted a 70,000 b/d delayed coker which had been off line for over a year at its 305,000 b/d Cardon refinery, three PdV...
(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on...
(Argus, 19.May.2020) — A new decree in Argentina that establishes above-market prices for domestic crude obliges oil companies to maintain production, payrolls and investment and prevents them from repatriating profits....
(Energy Analytics Institute, 19.May.2020) — Korean Ambassador Jang Myung-soo visited the Loma Campana field, where production comes from the Vaca Muerta formation, together with personnel from state controlled YPF, as...
(Petronas, 19.May.2020) — Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 per cent of its participating interest to ExxonMobil Exploration and...
(Argus, 19.May.2020) — Iran's gasoline shipments to Venezuela are helping to ease a supply glut at home, where demand has collapsed because of strict measures to check the Covid-19 pandemic....
(SQM, 19.May.2020) — Sociedad Química y Minera de Chile S.A. reported earnings today for the three months ended March 31, 2020 of US$45.0 million (US$0.17 per share), a decrease from...
(Reuters, 19.May.2020) — Argentina's government set the local crude oil reference price at $45 per barrel on Tuesday in a bid to protect the country's hard-hit sector from the impact...
(Reuters, 18.May.2020) — The U.S. Supreme Court on Monday declined to hear Venezuela's appeal of a lower court ruling allowing Canadian gold mining company Crystallex to seize shares in U.S....
(S&P Global Platts, 18.May.2020) — Argentina's move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may...
(Amazon Watch, 18.May.2020) — Today, JPMorgan Chase – the largest bank in the United States and the largest banker of fossil fuels worldwide – will hold its Annual General Meeting....
(AP, 18.May.2020) — Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the...
(Bloomberg, 18.May.2020) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting the country a step closer...
(Petrobras, 17.May.2020) — Petrobras, following up on the press release disclosed on 11 May 2020, informs that it started yesterday the Extended Well Tests (EWT) in the Discovery Assessment Plan...
(Reuters, 16.May.2020) — The European Union and Canada have formally raised concerns to Mexico about rules they say endanger renewable energy projects, escalating tensions with its government, which late on...
(Argus, 15.May.2020) — Fledgling oil producer Guyana's political stalemate is dragging on amid slow progress in a closely watched recount of votes from a disputed 2 March parliamentary election. The...
(Petrobras, 15.May.2020) — Petrobras CEO Roberto Castello Branco delivered his message to shareholders related to the company's first quarter 2020 results. “We express our solidarity with the victims of the...
(Petrobras, 15.May.2020) — Petrobras, following up on the press release disclosed on 31 March 2020, announces the beginning of the non-binding phase regarding the sale of its remaining stake (10%)...
(Petrobras, 15.May.2020) — Petrobras, following up on the press release disclosed on 4 May 2020, announces the beginning of the non-binding phase regarding the sale of its entire 51% stake...
(UPM, 15.May.2020) — UPM is proceeding at full speed with its investment project in Uruguay and has taken several steps forward. UPM and the new Government of Uruguay have signed...
(Bloomberg, 15.May.2020) — Petrobras, the Brazilian sate-controlled oil producer, posted a 65 billion-real ($11 billion) impairment in the first quarter after revising down its outlook for crude prices. Even without...
(Reuters, 15.May.2020) — Brazil's Petrobras took a 65.3 billion real ($11.2 billion) impairment on its exploration and production assets on Thursday, warning investors that changes in consumer behavior resulting from...
(Touchstone, 14.May.2020) — Touchstone Exploration Inc. reports its operating and financial results for the three months ended March 31, 2020. Selected information is outlined below and should be read in...
(Touchstone, 14.May.2020) — Touchstone Exploration Inc. will be holding our annual meeting of shareholders on Wednesday, June 3, 2020, at 10:00 a.m. (Mountain time). This year, to proactively address the...
(Motley Fool, 13.May.2020) — Executives with Colombia’s state oil company Ecopetrol conducted a first quarter of 2020 conference call with analyst. A full transcript of the call follows. Contents: Prepared...
(Argus, 13.May.2020) — Venezuela's state-owned PdV has retained one seat on the new corporate board of European specialty refiner Nynas after a restructuring that freed the venture from US sanctions....
(Oilprice.com, 13.May.2020) — As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former...
(Reuters, 13.May.2020) — The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible...
(Petrobras, 13.May.2020) — Petrobras, regarding the press releases disclosed on 18 March 2019 and 11 September 2019, which announced the approval of Production Individualization Agreements (AIP) of the Lula, Atapu...
(Petrobras, 13.May.2020) — Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sale of four thermal power plants, which three are located in Camaçari-BA (UTEs Polo...
(Reuters, 13.May.2020) — At least one tanker carrying fuel loaded at an Iranian port set sail to crisis-stricken Venezuela, according to vessel tracking data from Refinitiv Eikon on Wednesday, which...
(Miami Herald, 13.May.2020) — The discovery of oil off its Atlantic coast is poised to transform a largely underdeveloped Guyana from one of South America’s most polarized and poorest nations...
(Nynas, 12.May.2020) — The US Treasury Department’s Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a...
(Energy Analytics Institute, Aaron Simonsky, 12.May.2020) — Argentina’s state controlled oil and gas producer YPF highlighted its principal debt amortization schedule from 2020 and beyond. Approximately 80% of the company’s...
(Pampa, 12.May.2020) — Pampa Energía S.A., the largest independent energy integrated company in Argentina, with active participation in the country's electricity and gas value chain, announces the results for the...
(Motley Fool, 12.May.2020) — Executives with Argentina’s state oil company YPF conducted a first quarter of 2020 conference call with analyst. A full transcript of the call follows. Contents: Prepared...
(Energy Analytics Institute, Piero Stewart, 12.May.2020) — Fuel demand in Colombia has started to recover slightly while refinery loads at the Barrancabermeja are rising, according to comments from Ecopetrol President...
(Energy Analytics Institute, Piero Stewart, 12.May.2020) — State oil company EP PetroEcuador automated the personnel selection process across Ecuador for the first time with use of a technological platform that...
(OFAC, 12.May.2020) — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is revoking and archiving on its website Venezuela-related General License (GL) 13E “Authorizing Certain Activities Involving...
(IHS, 12.May.2020) — The year 2020 has been filled with surprises as the COVID-19 pandemic spreads worldwide, leaving many homebound, resulting in a negative impact for many industries and ultimately...
(Reuters, 12.May.2020) — A joint venture partner of state oil company PDVSA, GPB Global Resources BV, has received at least two cargoes of Venezuelan crude in recent months as part...
(Pampa, 12.May.2020) — Pampa Energía S.A. will host a videoconference to discuss its Q1 20 results on Wednesday May 13, 2020 at 10:00 a.m. Eastern Standard Time / 11:00 a.m....
(Ecopetrol, 11.May.2020) — Ecopetrol S.A. announced the Ecopetrol Group's financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. The...
(Reuters, 11.May.2020) — The replacement rate of proven oil and gas reserves estimated by Mexican national oil company Pemex soared in 2019 compared to the previous year, according to the...
(Petrobras, 11.May.2020) — Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located...
(Pemex, 11.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, in May 8, Petróleos Mexicanos...
(Argus, 11.May.2020) — Argentina will restore artificially high domestic crude prices in an effort to jumpstart its stalled shale play following the March oil price crash and pandemic-driven demand collapse....
(Argus, 11.May.2020) — Colombia's state-controlled Ecopetrol is exploring options to expand storage capacity in response to oil market oversupply and slumping demand caused by the Covid-19 pandemic. The company has...
(Reuters, 11.May.2020) — Colombia’s majority state-owned oil company, Ecopetrol, reported on Monday a 95% fall in first-quarter net profit, which came in at 133 billion pesos ($34.3 million), following a...
(Energy Analytics Institute, Piero Stewart, 10.May.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) on 9 May 2020 lifted the force majeure declared on 10 April declared due...
(Petrobras, 8.May.2020) — Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in an internal event with the...
(Reuters, 8.May.2020) — Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress and volatility, noting the current...
(Argus, 8.May.2020) — A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuela’s US-backed political opposition had been expecting when it...
(Hess, 7.May.2020) — Hess Corporation reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251...
(PetroTal, 7.May.2020) — PetroTal Corp. announces that the Northern Oil Pipeline (“ONP”) operated by Petroperu S.A. has been shut down by a public health directive from the Peruvian government, thereby...
(Petrobras, 7.May.2020) — Petrobras informs that the rating agency Fitch Ratings revised today the company's international long-term ratings outlook from stable to negative, and maintained the ratings of Petrobras at...
(Sungrow, 7.May.2020) — Sungrow, the global leading inverter solution supplier for renewables, launched the Company's three-phase 1000Vdc commercial inverter SG25CX-SA for Brazilian 220V grid system, showcasing its commitment to the...
(Fitch, 7.May.2020) — Fitch Ratings has affirmed the senior unsecured notes issued by Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP (PetroAmazonas) due in November 2020 at 'C'/'RR4'....
(Bloomberg, 7.May.2020) — West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has been practically soaring, touching $30...
(Energy Analytics Institute, Piero Stewart, 7.May.2020) — EP PetroEcuador on 2 May 2020 started dispatching super gasoline from the Barbasquillo Clean Products Terminal located in Manta in order to satisfy...
(Oilprice.com, 7.May.2020) — Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart...
(Argus, 7.May.2020) — The hedge contracted by Mexico's state-owned Pemex has a floor of $44/bl, leaving the company exposed to losses below that following the global rout in crude prices,...
(GeoPark, 6.May.2020) — GEoPark Limited will report its consolidated financial results for the three-month period ended March 31, 2020 on Wednesday, May 13, 2020. In conjunction with the first quarter results...
(Argus, 6.May.2020) — PetroPeru's 12,000 b/d Iquitos refinery in the northern jungle is currently closed. Its 553,200 bl of storage is full. The 15,500 b/d Conchan refinery in Lima was...
(Qatar Petroleum, 5.May.2020) — Qatar Petroleum entered into three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche basin,...
(Cairn Energy, 5.May.2020) — Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a...
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — EP PetroEcuador reprogrammed its imports of high-octane naphtha ron 93, naphtha ron 80, premium diesel, cutter stock and diesel oil. “Derivatives imports have...
(Energy Analytics Institute, Piero Stewart, 5.May.2020) — Four Colombian pipelines have been attached at least 25 times to date in 2020, according to data revealed by the country’s state oil...
(Nutrien Litd., 5.May.2020) — Nutrien Ltd. has made the difficult decision to temporarily shut down one of the four ammonia (NH3) plants at its Trinidad facility. The temporary shutdown is...
(Petrobras, 5.May.2020) — Petrobras, following up on the press release disclosed on March 10, related to the New Deficit Equation Plan (New Plan) of the Renegotiated and Non-Renegotiated Petrobras System...
(Argus, 5.May.2020) — State-owned PetroEcuador has delayed all fuel imports that were supposed to arrive in May and June because of a sharp decline in demand. The delayed imports include...
(S&P, 4.May.2020) — S&P Global Ratings said today that Vale S.A.'s (BBB-/Negative/--) strong balance sheet and ability to adjust capital expenditures (capex) and dividends provide adequate cushion at the current...
(Reuters, 4.May.2020) — Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, adding that shutting down production...
(Pemex, 4.May.2020) — In compliance with the Disposiciones de Carácter General aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, today Petróleos Mexicanos (PEMEX) presented...
(Argus, 4.May.2020) — The Dutch Caribbean island of Aruba is offering to lease oil storage after terminating an ill-fated refining project with PdV Holding (PDVH), the opposition-controlled US subsidiary of...