Ecopetrol Targets Higher CAPEX In 2020

(Ecopetrol, 25.Nov.2019) — Ecopetrol S.A. reported that in 2020 the Ecopetrol Group (GE) plans to invest an expected US$4.5 to US$5.5 billion, 25% to 53% […]

Valaris Announces New Contract Awards

(Valaris, 25.Nov.2019) — Valaris plc announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet […]

BPC And Baker Hughes Seal Bahamas Deal

(Offshore Energy, 22.Nov.2019) — Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well […]

Third Circuit Rejects Citgo Rehearing

(Argus, Elliott Blackburn, 21.Nov.2019) — Federal appeals court judges have denied Venezuela’s request to rehear a July decision upholding the pursuit of the country’s US […]

US Court Denies Citgo Rehearing

(S&P Global Platts, 21.Nov.2019) — A US appeals court Thursday denied Venezuela’s request for it to reconsider its ruling allowing a PDVSA creditor to go […]

Venezuela Opposition In Citgo Deal

(Reuters, 19.Nov.2019) — Venezuela’s opposition has reached a deal with the custodians of a bond issued by state oil company PDVSA to prevent bondholders from […]

Ecopetrol and Oxy Finalize Permian Deal

(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 Jul. 2019. Through this deal, the company and Occidental Petroleum Corp agreed […]

Clorox And Enel Green Power Ink Deal

(Clorox, 13.Nov.2019) — The Clorox Company and a wholly owned subsidiary of Enel Green Power North America signed a 12-year, 70 megawatt (MW) virtual power […]

Rosneft Grapples With Unsold Venezuelan Oil

(Michelle Wiese Bockmann, 12.Nov.2019) — Rosneft’s trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened […]

Ecopetrol Finds Oil In GOM Deep Waters

(Ecopetrol, 7.Nov.2019) — Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement […]

McDermott Appoints Chris Krummel As CFO

(McDermott, 5.Nov.2019) — McDermott International, Inc. announced appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Mr. Krummel joined McDermott in […]

Flexential Expands To LatAm With Seaborn

(Flexential, 4.Nov.2019) — Flexential announced it is expanding its FlexAnywhere offering, providing customers direct access to Seaborn Networks’ transoceanic platform for the low latency, high-speed, […]

Hess Announces Oil Find At Esox-1 GOM Well

(Hess, 29.Oct.2019) — Hess Corporation announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf […]

CITGO: Worth Protecting?

(AFPM, Chet Thompson, 22.Oct.2019) — In the last ten years the fracking revolution has led to amazing growth and vastly increased energy security for the […]

OFAC Gives Nynas AB Time

(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA’s joint venture Nynas AB despite US sanctions on the […]

Chevron To Receive Venezuelan Oil Cargo

(Reuters, Marianna Parraga, 18.Oct.2019) — U.S. oil major Chevron Corp is scheduled this month to receive at least one cargo of crude oil from sanctioned […]

Braskem Launches I’m Green™

(Braskem, 17.Oct.2019) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today formally launched its new I’m […]

Maduro Rivals Seek Break With Citgo

(Argus, 17.Oct.2019) — Venezuela’s main political opposition is pressing for a deal with foreign bondholders to suspend a looming $914mn obligation that is tethered to […]

Guaido Camp Declares PDVSA 2020 Bond Void

(venezuelanalysis.com, 16.Oct.2019) — Venezuela’s CITGO could be seized by creditors. Venezuela’s opposition-held National Assembly (AN) passed a resolution Tuesday branding the country’s 2020 PDVSA bond […]

Venezuela’s Opposition Snubs PDVSA Bondholders

(Argus, 15.Oct.2019) — Venezuela’s opposition-controlled National Assembly signaled to bondholders today that it will not honor a $914mn principal and interest obligation because it says […]

Reliance To Resume Venezuela Oil Loadings

(Reuters, Marianna Parraga, 9.Oct.2019) — Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources […]

Aruba Ends Citgo Deal

(Reuters, 9.Oct.2019) — Aruba on Wednesday reached an agreement with U.S. based Citgo Petroleum Corp to end its contract to refurbish and operate the island’s […]

CITGO Key To Trump’s Venezuela Strategy

(Forbes, Ariel Cohen, 8.Oct.2019) — At last month’s United Nations General Assembly, the Lima Group, the U.S.-led coalition of 14 countries in the Americas seeking […]

Petrobras Reveals 3Q:19 Release Date

(Petrobras, 4.Oct.2019) — Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and […]

PdV Floods Cuba With Stranded Oil

(Argus, 3.Oct.2019) — At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space […]

Brazil Approves 14 Firms For November Oil Tender

(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses […]

Ibank Jefferies Cuts Bankers As M&A Slows

(Reuters, Gary McWilliams and David French, 27.Sep.2019) — Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank […]

Guaido IDB Envoy Hausmann Resigns Post

(Argus, 26.Sep.2019) — Venezuela’s parallel administration headed by opposition leader Juan Guaido has lost its most prominent figure, former planning minister and Harvard professor Ricardo […]

Pemex Announces Early Participation Results

(Pemex, 26.Sep.2019) — Petróleos Mexicanos (PEMEX) announced the early participation results of (a) its offers to exchange any and all of its outstanding series of […]

US Press Secretary Statement On Venezuela

(White House Press Secretary, 25.Sep.2019) — Today, President Donald J. Trump and other United States officials hosted leaders from Western Hemisphere countries to discuss the […]

Maduro Plots Assembly Grab, Oil-For-Food Floated

(Argus, 24.Sep.2019) — Venezuelan opposition leader Juan Guaido’s constitutional claim to the Opec country’s interim presidency could be undermined by today’s tumultuous return of the […]