(Reuters, David Lawder, 17.Aug.2018) – Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private investment to expand...
(Reuters, Julia Payne, 17.Aug.2018) – Royal Dutch Shell's oil traders in the Caribbean island of Barbados are getting ready for a tough gig – they’re being moved to the Bahamas...
(Energy Analytics Institute, Ian Silverman, 17.Aug.2018) – A former PDVSA director has been detained and accused of money laundering. Luis Abraham Bastidas Ramírez, the cousin of former PDVSA President Rafael...
(PentaNova Energy Corp., 17.Aug.2018) — PentaNova Energy Corp. announced the SINU-9 Farm Out Agreement with Panacol Oil & Gas, a wholly owned subsidiary of LATAM Oil & Gas failed to...
(Energy Analytics Institute, Piero Stewart, 17.Aug.2018) – Venezuelan opposition leader Maria Corina Machado tours the Jusepin petroleum region in Venezuela. https://twitter.com/i/status/1030477377988710401 Jusepin is just one of many petroleum-rich areas in...
(Express, Simon Osborne, 16.Aug.2018) – Venezuela’s oil assets are being targeted by angry creditors after a US court granted a Canadian mining company permission to send in the bailiffs. Firms...
(Reuters, David Alire Garcia, 16.Aug.2018) – U.S. Energy Secretary Rick Perry praised the goal set out by Mexico’s incoming president to end massive gasoline and diesel imports, nearly all of...
(PentaNova Energy Corp., 16.Aug.2018) — PentaNova Energy Corp. says the Tiburon E&P Contract is currently in Phase 3 of the exploration period with an existing minimum work obligation to acquire...
(Platts, 16.Aug.2018) — State-owned Pemex's ethylene and polyethylene production facilities ran normally even as a pipeline incident led fellow Mexican polymer producer Braskem Idesa to institute a temporary shutdown of...
(Reuters, Nelson Bocanegra & Julia Symmes Cobb, 15.Aug.2018) – Colombia’s state-run oil company Ecopetrol said it will invest $3 billion to $3.5 billion during 2018, less than previously estimated, because...
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the Latin American and Caribbean region....
(Reuters, Luc Cohen, 15.Aug.2018) – As Venezuela’s state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funneled millions of dollars to Petrolera del Conosur...
(Ecopetrol, 14.Aug.2018) – Ecopetrol S.A. announced the Business Group's financial results for the second quarter and the first half of 2018, prepared in accordance with International Financial Reporting Standards applicable...
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – The three promised to return to discuss all things Guyana again in six months as the small South American country eyes first oil...
(Bloomberg, Ezra Fieser, 15.Aug.2018) – Odebrecht SA, the Brazilian construction giant, paid at least $32.5 million in bribes in Colombia -- three times the amount it confessed to almost two...
(Pampa Energía S.A., 15.Aug.2018) – Pampa Energía S.A. fully executed the swap of Pampa’s shares for the minority holdings of Petrolera Pampa S.A., Central Térmica Güemes S.A., Inversora Nihuiles S.A....
(Trinidad Express, Anthony Wilson, 15.Aug.2018) – Upstream energy companies operating in T&T paid $123.5 billion to the Government between 2010 and 2016, according to data compiled by the Trinidad and...
(Reuters, Deisy Buitrago and Brian Ellsworth, 14.Aug.2018) – Venezuela’s heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel...
(Bloomberg, Amy Stillman, 14.Aug.2018) – By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it. But the treatment could end...
(Energy Analytics Institute, Piero Stewart, 14.Aug.2018) – Venezuela’s crude oil production declines seem unstoppable. [caption id="attachment_2947" align="alignnone" width="679"] OPEC's August 2018 MOMR.[/caption] Venezuela’s crude oil production fell to 1.278 million...
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2018) – On a per capita basis, Guyana is already probably the most resource-rich country on the planet, but is still the poorest English-speaking...
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2018) – The ability to use hydraulic fracturing to tap shale formations, to remotely monitor and manage assets, and use advanced technology to heat...
(Texas Tribune, Juan Luis García Hernández, 14.Aug.2018) – After a dramatic spike in gasoline prices incited widespread protests in Mexico last year, then-presidential candidate Andrés Manuel López Obrador made a...
(Reuters, 13.Aug.2018) – Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel...
(Energy Analytics Institute, Ian Silverman, 13.Aug.2018) — The price of Venezuela’s subsidized petrol, long one of the cheapest in world, is set to rise. Effective August 20, 2018, the price...
(TheAndradeStory.com, 13.Aug.2018 – On Thursday (8/9) afternoon, the Office of the Attorney General of Colombia announced two new charges against the former head of the National Infrastructure Agency ("ANI"), Luis...
(SeaOne Caribbean, 13.Aug.2018) – SeaOne Caribbean, LLC, which is developing the Caribbean and Central American Fuels Supply Project for natural gas and natural gas liquid (NGLs) delivery, announced that CG/LA...
(Pampa Energía S.A., 13.Aug.2018) – Pampa Energía S.A. reported results for the six-month period and quarter ended on June 30, 2018. All figures are stated in Argentine Pesos and have...
(Energy Analytics Institute, Ian Silverman, 13.Aug.2018) – The National Electricity Corporation (CNEL EP) named Wilfrido Demetrio Veintimilla Terreros, a professional with 41 years of experience in the electricity sector, as...
[caption id="attachment_2968" align="alignnone" width="960"] BOSTON, MA: People walk through the rain in front of the Citgo sign in Kenmore Square, Boston, July 18, 2016. (Photo by Timothy Tai for The...
(OilPrice.com, Nick Cunningham, 12.Aug.2018) – The bad news from Venezuela continues. In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to Argus Media. While PDVSA had...
(Energy Analytics Institute, Aaron Simonsky, 11.Aug2018) – Houston-based Citgo Petroleum Corporation is the refining arm of Venezuela’s Petróleos de Venezuela, S.A. (PDVSA). What follows is a brief company profile. Citgo,...
(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – In Caraparí, in southern Bolivia, a law was enacted that paves the way for the exploration and exploitation of hydrocarbon resources in Iñiguazu....
(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – The World Bank expects the price of oil to average $65 per barrel in 2019. “Oil prices are expected to average $65 per...
(Energy Analytics Institute, Jared Yamin, 11.Aug.2018) – Crystallex seems to have cut in line while there are many others already in line for CITGO assets and value. What follows are...
(Energy Analytics Institute, Ian Silverman, 11.Aug.2018) – To-date, two oil companies are working to export fuels from the U.S.A. to neighboring Mexico, through the Port of Brownsville. “Our main client...
(OilPrice.com, Irina Slav, 10.Aug.2018) – Canadian gold miner Crystallex was ruled the winner in a long-running case against Venezuela, which it has sued for the forced nationalization of its assets...
(Energy Analytics Institute, Piero Stewart, 10.Aug.2018) – PDVSA President Manuel Quevedo assured that Venezuelan crude oil production had stabilized. Quevedo, who also serves as Venezuela’s Petroleum Minister, said last week...
(Reuters, Andres Guerra Luz and Scott DiSavino, 10.Aug.2018) — U.S. natural gas exports to Mexico hit all-time highs this month, but a slower-than-expected build out of pipelines inside Mexico has...
(Neftegaz.RU, 10.Aug.2018) – According to Platts, Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 million in the 2nd quarter to...
(UPI, Daniel J. Graeber, 10.Aug.2018) – Though it holds the largest reserves of oil in the world, production levels put it only in the middle of the pack among OPEC...
(AFP, 10.Aug.2018) – Venezuela's state oil company PDVSA on Friday appealed a US court ruling that would allow a Canadian mining company to seize shares of PDVSA's US-subsidiary Citgo in...
[caption id="attachment_2864" align="alignnone" width="920"] A tanker sails out of the Port of Corpus Christi in Texas after discharging crude oil at the Citgo refinery. Photo: Eddie Seal, Stf / Bloomberg[/caption]...
(Reuters, 10.Aug.2018) – Venezuela’s crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset...
(Reuters, Brian Ellsworth, 10.Aug.2018) – Crystallex’s victory in a legal battle with Venezuela that paves the way for it to collect a $1.4 billion award hinged on a finding that...
(Energy Analytics Institute, Ian Silverman, 10.Aug.2018) – Regional experts plan to discuss the oil outlook for South America’s Guyana. Caribbean Economist Marla Dukharan will be joined by Guyana’s Minister of...
(Trinidad and Tobago Newsday, Yvonne Webb, 10.Aug.2018) – State-owned oil company Petrotrin said a message circulating on social media that the company is on strike is not true. The message...
(Energy Analytics Institute, Ian Silverman, 10.Aug.2018 – Kosmos Energy Ltd. expects to commence drilling operations on the Pontoenoe-1 well in mid-August. Pontoenoe is the first of up to three independent...
(The Wall Street Journal, Andrew Scurria and Julie Wernau, 9.Aug.2018) – A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a Venezuelan government debt, a ruling...
(Jamaica Gleaner, McPherse Thompson, 9.Aug.2018) – Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry...
(Energy Analytics Institute, Jared Yamin, 9.Aug2018) – The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018. Companies with exposure to Latin...
(Petroleum Economist, Selwyn Parker, 9.Aug.2018) — Bolivian president Evo Morales is in a race against time to achieve his cherished goal of exporting pipeline natural gas to Peru before he...
(Ecopetrol, 9.Aug.2018) – Ecopetrol S.A. announced that on August 14, 2018 after market close, it will release its financial and operating results for the second quarter of 2018. On Wednesday,...
(Energy Analytics Institute, Ian Silverman, 9.Aug.2018) – Block 43 ITT, located in the province of Orellana, is currently producing 75,000 barrels per day. Production at the block is expected to...
(Associated Press, 9.Aug.2018) – A Canadian gold mining company on Thursday won the right to go after Venezuela's prized U.S.-based oil refineries and collect $1.4 billion it lost in a...
(ShaleWolf Capital, 9.Aug.2018) – On June 22nd, 2018 President Donald Trump asked OPEC to increase its daily oil output by 1 million barrels. Industry experts would agree that OPEC is...
(Petrobras, 9.Aug.2018) – Petrobras informs that it has received a return of R$ 1.034 billion through cooperation and leniency agreements signed with individuals and legal entities by the Federal Public...
(Argus, 9.Aug.2018) – Venezuela's state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according to an internal PdV upstream...
[caption id="attachment_2880" align="alignnone" width="1264"] Salina Cruz Refinery in Oaxaca. Source: Bloomberg[/caption] (Energy Analytics Institute, Ian Silverman, 9.Aug.2018 – Pemex’s Salina Cruz refinery halted operations Wednesday night due to a power...
(Ecopetrol, 8.Aug.2018) — Ecopetrol S.A. announces that as of 7 August 2018, Jaime Caballero Uribe has been appointed the new Corporate Vice President of Finance (Chief Financial Officer). Mr. Caballero...
(Jamaica Gleaner, CMC, 8.Aug.2018) – Regional commission ECLAC is reporting that foreign direct investments, FDI, in Guyana increased to US$212 million last year in part as a result of the...
(Sempra Energy, 8.Aug.2018) – Sempra Energy formed a new operating group for its North American infrastructure businesses and named Carlos Ruiz Sacristán chairman and CEO of the group, Sempra North...
[caption id="attachment_3321" align="alignright" width="300"] Venezuela's Manuel Quevedo and Saudi Arabia's Ambassador to Venezuela Saad Bin Abdullah al Saad in Caracas. Source: PDVSA[/caption] (Energy Analytics Institute, Ian Silverman, 8.Aug.2018) — Officials...
[caption id="attachment_2885" align="alignright" width="294"] Jaime Caballero Uribe. Source: Ecopetrol[/caption] (Ecopetrol, 8.Aug.2018) – Ecopetrol S.A. announced appointment of Jaime Caballero Uribe as the new Corporate Vice President of Finance (Chief Financial...
(Energy Analytics Institute, Piero Stewart, 8.Aug2018) – U.S. drilling company Helmerich & Payne won a judgment from the U.S. Court of Appeal to sue Venezuela for the expropriation of the...
[caption id="attachment_2778" align="alignright" width="248"] Republic Bank (Barbados) has opened an eco-friendly branch at One Barbados Place, Warrens, St. Michael, Barbados. Fully powered by an ultra-modern photovoltaic system (PV), this is...
(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) – Chief Judge Stark of the US Federal District Court in Delaware immediately agreed with our arguments calling out the abuse of sealing by...
(Trinidad Express, Sophie Hares, 7.Aug.2018) – With her foot down to show off the acceleration of the zippy electric car, Joanna Edghill spins around the car park before plugging the...
(Trinidad Express, Aleem Khan, 7.Aug.2018) – More hints that major discovery on the horizon. Offshore Trinidad was one of two sites in the world where oil and gas service provider...
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) – Reuters) - Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers...
(FoxBusinss, Leia Klingel, 7.Aug.2018) – Oil production by Venezuela’s PDVSA may have started to improve, with the state-owned oil and gas producer reporting that production in the country is averaging...
(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) – Venezuela's state oil and gas company PDVSA cut its debt to Russia's top crude producer Rosneft by $400 million in the second quarter...
(S&P Global Platts, Brian Shield, 7.Aug.2018) – Just more than a year ago, it was not a question of ‘if’, but ‘when.’ As Venezuela’s leftist leader Nicolas Maduro consolidated power...
(Energy Analytics Institute, Piero Stewart, 7.Aug2018) – Aside from wasting paper, more importantly, the recent Gaceta Oficial in Venezuela also has a decree from President Nicolas Maduro waiving all taxes...
(Talos Energy Inc. 6.Aug.2018) – Talos Energy Inc. will host a conference call, which will also be broadcast live over the internet, on Tuesday, August 7, 2018 at 10:00 am...