(DOF, 22.Feb.2019) — DOF has been awarded contracts for three ROV Support Vessels (RSV) with Petroleo Brasileiro S.A. (Petrobras). All contracts have a firm duration of three years and can...
(Reuters, 21.Feb.2019) — Colombia hopes to increase its oil reserves by 1 billion barrels by auctioning 20 possible production areas as part of its push to bolster the oil sector,...
(Reuters, 21.Feb.2019) Brazil’s Energy and Mines Minister Bento Albuquerque said on Thursday that a long-awaited auction of the so-called transfer-of-rights area in which oil company Petroleo Brasileiro SA operates could...
(Energy Chamber, 26.Feb.2019) — On February 21st, 2019, the Energy Chamber of Trinidad and Tobago hosted the first Downstream Forum which was open to its membership only. The main intent...
(Bloomberg, Amy Stillman, 21.Feb.2019) — Mexico President Andres Manuel Lopez Obrador is freezing new joint-venture contracts with Petroleos Mexicanos, squashing investors’ final hopes that the Mexico energy reforms can be...
(Spectrum, 20.Feb.2019) — Spectrum is commencing a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 38,000 km survey that...
(Shale Support, 21.Feb.2019) — Shale Support, a provider of frac sand and logistical solutions to the oil and gas proppant market, has announced a strategic partnership with Fracht Group, an...
(Petrobras, 21.Feb.2019) — Petrobras informs that the rating agency Standard & Poor’s (S&P) raised its stand-alone credit profile (SACP) to “bb” from “bb-”, with a stable outlook, affirming its global...
(The Conversation, 21.Feb.2019) — When ExxonMobil begins oil production in Guyana next year, mining crude from its seven new deepwater wells, life may change dramatically in this small South American...
(Bloomberg, Stephan Kueffner and Ben Bartenstein, 20.Feb.2019) — Ecuador’s benchmark bonds soared to a six-month high after President Lenin Moreno’s government secured a $4.2 billion loan package from the International...
(Bloomberg, Sabrina Valle and Javier Blas, 20.Feb.2019) — When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian...
(Petrobras, 20.Feb.2019) — Petrobras started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field. With a daily capacity to process...
(Eco Oil & Gas, 20.Feb.2019) — Eco (Atlantic) Oil & Gas Ltd., along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V....
(Trinidad and Tobago Newsday, Julien Neaves, 20.Feb.2019) — A group of fishermen protested with placards outside Parliament in Port of Spain yesterday over the rise in the price of diesel...
(Reuters, Tatiana Bautzer and Carolina Mandl, 19.Feb.2019) — Brazil oil company Petroleo Brasileiro SA has hired the investment banking unit of Banco Santander Brasil SA to revive efforts to sell...
(Reuters, Gary McWilliams, 19.Feb.2019) — The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a...
(Jamaica Gleaner, Livern Barrett, 19.Feb.2019) — Prime Minister Andrew Holness has sought to explain that the move to compulsorily acquire Venezuela’s shares in Petrojam is purely economic. Holness was speaking...
(Reuters, 19.Feb.2019) — A fire hit a crude oil pumping station in Venezuela’s Orinoco belt region on Tuesday, state-owned oil company Petroleos de Venezuela (PDVSA) said, disrupting crude transportation as...
(Touchstone, 19.Feb.2019) — Touchstone Exploration Inc. intends to complete a private placement directed towards United Kingdom institutional investors. The company expects to raise gross proceeds of £3.8 million (approximately C$6.5...
(CNN, Matt Egan, 19.Feb.2019) — US sanctions on Venezuela’s national oil company have accelerated the unprecedented collapse of its oil output and set off a domino effect in the global...
(Energy Analytics Institute, Piero Stewart, 19.Feb.2019) — Pioneer Energy Services’ President and Chief Executive Officer Wm. Stacy Locke commented on the company’s operations in Colombia. In Colombia, Pioneer diversified its...
(Energy Analytics Institute, Aaron Simonsky, 20.Feb.2019) — “Ingenieros Venezolanos en Chile,” by its Instagram name, will host a Technical Talk related to 1) electric generation in Chile and 2) low...
(Reuters, 18.Feb.2019) — Crude oil production in Colombia reached an average of 898,965 barrels per day (bpd) in January, the Mines and Energy Ministry said on Monday, up 4.5 percent...
(Jamaica Gleaner, 18.Feb.2019) — Newly appointed Minister of Energy, Science and Technology Fayval Williams yesterday summoned Petrojam’s technical team following a Sunday Gleaner story citing fuel concerns at the state-owned...
(Power Technology, Julian Turner, 18.Feb.2019) — Argentina recently entered the top ten on the Ernst & Young global renewable energy index for the first time and, with help from the...
(Kallanish Energy, 18.Feb.2019) — Colombia could be a step closer to allowing producers to start hydraulic fracturing (fracking) pilot projects, after an independent expert committee analysed the risks and rewards...
(Reuters, Tatiana Voronova, 17.Feb.2019) — Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk...
(Energy Analytics Institute, Jared Yamin, 17.Feb.2019) — Houston-based Citgo Petroleum has three refineries located in the U.S. in Corpus Christi, Texas; Lake Charles, Louisiana; and Lemont, Illinois. What follows is...
(CMC, 16.Feb.2019) — The Oilfield Workers Trade Union (OWTU) says it remains “confident” that it would soon acquire the assets of the former state-owned oil refinery, PETROTRIN, whose operations were...
(Reuters, 14.Feb.2019) — A federal judge in Houston ordered a former Venezuelan oil minister this week to pay the owners of a defunct Houston oil company $1.4 billion in damages...
(Reuters, Stephen Jewkes, 15.Feb.2019) — Italian major Eni said it intends to expand in the Middle East after a spree of deals in the Gulf last year, pressing ahead with...
(Jamaica Gleaner, Avia Collinder, 15.Feb.2019) — Total Jamaica Limited appears poised to take the top spot in the local petrol market, at least in terms of the number of stations...
(Daily Political, 15.Feb.2019) — According to Zacks, “In Colombia, Ecopetrol is the largest energy firm with an integrated business model. The company’s businesses are well diversified. It has helped Ecopetrol...
(Trinidad and Tobago Newsday, Richardson Dhalai, 15.Feb.2019) — Trade Minister Paula Gopee-Scoon says the country is getting higher quality fuel from Paria Fuel Trading Co Ltd (Paria Fuel) than it...
(Oilprice.com, By Tsvetana Paraskova, 15.Feb.2019) — Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said...
(Petrobras, 15.Feb.2019) — Petrobras informs that it received today, the payment of the diesel economic subvention, in the amount of R$ 246.3 million, related to the 6th and last period...
(Reuters, Julia Payne, 15.Feb.2019) — Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with...
(Energy Analytics Institute, Ian Silverman, 14.Feb.2019) — Heard on the street and LatAmNRG briefs on Bolivia and Argentina inking addendum to natgas PSA, irregular natgas demand in Brazil and Argentina...
(Exxon, 14.Feb.2019) — ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first...
(Economic Times, Dipanjan Roy Chaudhury 14.Feb.2019) — India hopes to benefit from Argentine agriculture sector, a strong pillar of local economy, besides tapping natural gas deposits. With an eye on...
(Trinidad and Tobago Newsday, 14.Feb.2019) — The Proman Group has had an indelible mark on the petrochemicals industry in TT. The Swiss-based conglomerate might not be a household name, but...
(Energy Analytics Institute, Piero Stewart, 14.Feb.2019) — Heard on the street and LatAmNRG briefs on expert report on fracking in Colombia, attacks along the Mansoyá Orito Pipeline in Putumayo, and...
(Petrobras, 14.Feb.2019) — Petrobras informs that, on this date, the Public Hearing related to the draft of the agreement to be signed with the National Petroleum, Natural Gas and Biofuels...
(Trinidad and Tobago Newsday, Carla Bridglal, 14.Feb.2019) — As of November 30, 2018, Trinidad and Tobago ceased being a producer of fuel. Now the country will have to import fuel...
(Canadian Solar, 14.Feb.2019) — Canadian Solar Inc. announced that its first solar power project of 68 MWp in Mexico started commercial operations in January 2019. The solar plant, located in...
(Trinidad and Tobago Newsday, Ryan Hamilton-Davis, 14.Feb.2019) — A group of firemen at a firemen’s conference who don’t want to talk about water. That’s how Attorney General Faris Al-Rawi summed...
(Argus, 13.Feb.2019) — Shell is making its first foray into Brazilian power generation with a ground-breaking project that will use natural gas from the country´s extensive offshore pre-salt deposits. The...
(FT.com, John Paul Rathbone and Gideon Long, 13.Feb.2019) — Venezuela’s parallel, opposition government sought to take control of the country’s oil revenues from the regime of Nicolás Maduro by naming...
(Petrobras, 13.Feb.2019) — Petrobras informs that it received the Official Letter No. 78/2019 -SAE, which requests the following clarification: Official Letter no. 78/2019 -SAE Dear Gentlemen, In news published by...
(Vista Oil & Gas, 13.Feb.2019) — Vista Oil & Gas, S.A.B. de C.V., the first oil and gas exploration and production company listed on the Mexican Stock Exchange, completed the...
(S&P Global Platts, 13.Feb.2019) — Self-declared Venezuelan interim president Juan Guaido plans to appoint Luisa Palacios, an expert in emerging Latin American markets and international affairs, as president of state...
(Energy Analytics Institute, Jared Yamin, 12.Feb.2019) — Heard on the street and LatAmNRG briefs on Mexico reporting an increase in 3P natural gas reserves, CFE’s plans to modernize 60 thermoelectric...
(Petrobras, 12.Feb.2019) — Petrobras reports that its Integrated Report and the 2018 Annual Results will be released on Wednesday, February 27, after market closing. Accordingly, the company will be unable...
(IHS Markit Senior Editor Sergey Myakishev, 12.Feb.2019) — The controversy surrounding last year’s re-election of Nicolas Maduro as president of Venezuela came to a head in recent weeks, with continued...
(Caracas Capital Markets, 12.Feb.2019) — I have seen a lot of weird things in courts over the years, but this one is up there, writes Caracas Capital Markets, S.A. Managing...
(Reuters, 12.Feb.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday he will respect contracts that companies have with state-run power utility CFE for pipelines that are not operational...
(Demerara Waves, 11.Feb.2019) — Guyana is moving full steam ahead to award more oil concessions, but this time it would be done through a competitive system instead of striking one-on-one...
(Echo Energy, 12.Feb.2019) — Further to the company’s announcement of 8 January 2019, Echo Energy plc confirms that mechanical stimulation and testing operations on the EMS-1001 well in the company’s...
(Reuters, 12.Feb.2019) — Eight Argentine biodiesel producers will be allowed to export to the European Union without paying duties as long as they sell at a set minimum price, the...
(Energy Analytics Institute, Ian Silverman, 11.Feb.2019) — Peru’s Norperuano Pipeline (ONP by is Spanish acronym) has been halted by new sabotage related to the capture of strategic facilities (stations 1...
(Reuters, Julia Payne, 11.Feb.2019) — Swiss authorities are assisting Brazilian prosecutors in their investigation into an alleged corruption scheme involving global commodity trading firms Vitol, Glencore and Trafigura, a spokesman...
(Reuters, Andrei Khalip, 11.Feb.2019) — Portuguese oil company Galp said on Monday it expects higher crude output, refining margins and efficiency gains to deliver a steep rise in 2020 and...
(Argus, 11.Feb.2019) — India´s two leading refiners will continue to import Venezuelan crude but will no longer supply oil products to Venezuela´s state-owned PdV because of US sanctions, Indian downstream...
(Chron.com, Jordan Blum, 11.Feb.2019) — Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, further imperiling...
(Wall Street Journal, Anthony Harrup, 11.Feb.2019) — President Andrés Manuel López Obrador said the Mexican government wants to revise natural-gas pipeline contracts with private companies under which the state-owned electric...
(IEnova, 11.Feb.2019) — Infraestructura Energética Nova (IEnova) clarifies the following regarding its natural gas pipelines in Mexico. IEnova is a Mexican company that has operated in the market for 22...
(Industrial Info, 11.Feb.2019) — Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela’s oil industry January 28. But those...
(Energy Analytics Institute, Piero Stewart, 11.Feb.2019) — PDVSA Gas, a subsidiary of Venezuela’s state oil company Petróleos de Venezuela or PDVSA, announced the start of natural gas production at the...
(AP, Alexandra Olson, 9.Feb.2019) — The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not...
(Reuters, Corina Pons, Marianna Parraga, 9.Feb.2019) — Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at...
(Citgo, 9.Feb.2019) Houston-based Citgo Petroleum Corporation is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. Citgo is owned by Citgo Holding, Inc., an...
(Energy Analytics Institute, Aaron Simonsky, 8.Feb.2019) — Heard on the street and LatAmNRG briefs on Moody’s saying changes to Argentina’s gas subsidy could affect investments, Tecpetrol Argentina’s plans to cut...
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
(AFP, 8.Feb.2019) — Mexican President Andres Manuel Lopez Obrador said Friday he would soon announce a rescue plan for troubled state oil company Pemex, suggesting it would be worth around...
(IEEFA, 8.Feb.2019) — The Argentine government’s plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan...