(Mainstream Renewable, 16.Jan.2019) — Mainstream Renewable Power announced closure of a new €90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt raises in Mainstream’s history and will be used in addition to Mainstream’s significant existing resources to support bid bonds, performance ...
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(Alvopetro, 15.Jan.2019) — Alvopetro Energy Ltd. announces that its common shares are now trading on the OTCQX® Best Market, a U.S. market operated by OTC Markets Group (OTCQX: OTCM), under the symbol “ALVOF”. Alvopetro shares will continue to trade on the TSX Venture Exchange under the symbol “ALV”. United States ...
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(Trinity, 15.Jan.2019) — Trinity Exploration & Production plc provided a 4Q: 18 operational update related to its activities in Trinidad and Tobago. During the period, Trinity continued to build on the momentum achieved during the first three quarters in 2018 by delivering further growth in profitable production. This was enabled ...
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(Frontera Energy, 15.Jan.2019) — Frontera Energy Corporation announced that as at January 14, 2019 it has repurchased for cancellation 2,062,885 shares at an average cost of C$14.20 per share for a total of C$29.3 million ($22.2 million). A further 2,937,698 shares are available for repurchase under the terms of the ...
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(Frontera Energy, 15.Jan.2019) — Frontera Energy Corporation will host an investor and analyst day on Thursday February 7, 2019 from 8 a.m. until 4 p.m. in Bogota which will be webcast via the company’s website. Those wishing to participate in the webcast should pre-register for the event using the link ...
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(Frontera Energy, 15.Jan.2019) — Frontera Energy Corporation announces an operational update. All values in this news release and the company’s financial disclosures are in United States dollars, unless otherwise noted. Production Update Frontera delivered estimated 2018 production of 70,999 boe/d before royalties (63,180 boe/d after royalties), within the revised 2018 ...
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(Reuters, 15.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves. Lopez Obrador said there had been “acts of sabotage at crude oil drilling ...
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(Energy Analytics Institute, Piero Stewart, 15.Jan.2019) — Oil production in the OPEC country has decreased 58% during the tenure of Venezuela’s President Nicolás Maduro to 1.137 million barrels per day (MMb/d), which is equivalent to the country’s production in 1947. The fall is of the exact percentage magnitude as that ...
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(Rosen Law Firm, Jan. 15, 2019) — Rosen Law Firm reminds purchasers of the securities of Loma Negra Compania Industrial Argentina Sociedad Anonima pursuant and/or traceable to Loma Negra’s Registration Statement filed in connection with its November 2017 Initial Public Offering (IPO) of the important February 4, 2019 lead plaintiff ...
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(Ocean Infinity, 15.Jan.2019) — Ocean Infinity, the next generation seabed survey and ocean exploration company, is pleased to announce that its partner, Cepemais, the Brazilian offshore consulting company, has been awarded a contract to provide high-resolution hydrographic mapping services to Petrobras, the Brazilian national oil company. The project is for ...
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(Energy Analytics Institute, Piero Stewart, 14.Jan.2019) — Venezuela’s President Nicolás Maduro announced plans to focus on efforts to raise crude oil production in the OPEC member country to 5 million barrels per day (MMb/d) by 2025. Venezuela continues to suffer a corruption-induced economic collapse with has severely affected the country’s ...
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(Petrobras, 14.Jan.2019) ) — Petrobras formally expressed to the National Energy Policy Council (CNPE) interest to exercise the pre-emption right for the 6th Bidding Round of exploration blocks under the production sharing regime, pursuant to Law 12,351/2010 and Federal Decree 9.041/2017. Considering the parameters disclosed in CNPE Resolution no. 18 ...
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(Bloomberg, Patricia Laya and Fabiola Zerpa, 14.Jan.2019) — Venezuela’s President Nicolas Maduro ordered a 300 percent increase in the monthly minimum wage and pledged to boost oil production to 5 million barrels a day by 2025 during his state of the union address Monday. The salary increase will go into ...
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(Jamaica Observer, 14.Jan.2019) — Managing director of JAMALCO, Austin Mooney, says construction of the bauxite/alumina company’s US$189-million gas-fired cogeneration power plant by New Fortress Energy (NFE) is on track for completion by February 2020. Speaking during a tour of JAMALCO’s mines and refinery operations in Halse Hall, Clarendon, last Thursday, ...
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(Oilprice.com, Matthew Smith , 14.Jan.2019 ) — The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global influence while proving to constituents he can restore Russia’s superpower mantle. As demonstrated by his policy in Ukraine in 2014, ...
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(The Wall Street Journal, Kejal Vyas, 14.Jan.2019) — The U.S. is evaluating whether to impose tougher sanctions against Venezuela’s military and vital oil industry, a senior Trump administration official said Monday, as it seeks to ratchet up pressure on authoritarian leader Nicolás Maduro to hold free and fair elections. The ...
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(Reuters, 14.Jan.2019) — Brazil’s government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (PETR4.SA) (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members. The nominees are Eduardo Bacellar Ferreira, John Forman and Joao Cox. (Reporting by Marcelo Rochabrun; ...
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(Petrobras, 14.Jan.2019) — Petrobras informs that it has received communication from its controlling shareholder, as assured by Petrobras By-Laws and Brazilian legislation, with the nomination of three new members to the Petrobras Board of Directors, Eduardo Bacellar Leal Ferreira, John Milne Albuquerque Forman and João Cox. These indications will be ...
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(Petrobras, 14.Jan.2019) — Petrobras, following the press released on Dec. 20, 2018, informs that the injunction rendered by Minister Marco Aurélio Mello on December 19, (ADI No. 5942), was suspended by the President of the Federal Supreme Court, Minister Dias Toffoli, until its judgment by the plenary. In this way, ...
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(Reuters, 14.Jan.2019) — Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras) said on Monday that it will restart publishing divestiture opportunities, following a Supreme Court ruling that temporarily allows the company to continue selling assets. On Friday, Supreme Court Chief Justice Jose Antonio Dias Toffoli temporarily restored a presidential decree ...
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(Jamaica Observer, 13.Jan.2019) — The listing of MPC Caribbean Clean Energy Limited on the Jamaica Stock Exchange will take place on Monday, January 14, at 9:00 am. The company will also be cross-listed on the Trinidad & Tobago Stock Exchange, at the same time. An Initial Public Offering (IPO) on ...
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(Energy Analytics Institute, Ian Silverman and Aaron Simonsky, 11.Jan.2019) — Heard on the street and LatAmNRG briefs on Caribbean FLNG’s arrival date to Argentina; Repsol E&P Bolivia and YPFB report drilling successful well to 7,860 meters; Bolivia seekin to initiate Mutún iron plant industrialization; and Bolivia’s interest in the Peruvian ...
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(Jamaica Gleaner, Neville Graham, 11.Jan.2019) — GB Energy, the marketing company that holds the Texaco brand in Jamaica, will be undertaking a $2-billion expansion drive to increase the number of petroleum service stations from 72 a year ago to 87 by the end of 2019, according to Chief Executive Officer ...
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(CMC, 11.Jan.2019) — Venezuela has disputed Guyana’s account of what Georgetown said was the dangerous incursion into local waters after a Norwegian ship hired by ExxonMobil was “intercepted” by a Venezuelan naval vessel. Vice-President Delcy Rodriguez showed off what she said was concrete evidence contradicting Guyana’s version in the case ...
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(Frontera Energy, 11.Jan.2019) — CGX Energy Inc. and Frontera Energy Corporation have further amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4, 2018 and amended on December 14, 2018, to extend the time of the launch of the equity financing in the ...
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(ClaimsFiler, 11.Jan.2019) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Tenaris S.A., if they purchased the company’s securities between May 1, 2014 and November 27, 2018, inclusive (the Class Period) ...
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(Reuters, Brad Brooks, 11.Jan.2019) — Commodities trader Trafigura has refused a judge’s order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court ...
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(Reuters, Neil Marks, 10.Jan.2019) — Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana’s coast have not yet returned to the site of a December incident with Venezuela’s navy, but they may in the future, Guyana’s foreign minister said on Thursday. Guyana, with no history of ...
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(Petrobras, 10.Jan.2019) — Petrobras, following the Press Release of Oct. 30, 2018, announces that it is initiating the leasing process of the fertilizer plants located in Sergipe (Fafen-SE) and in Bahia (Fafen-BA). Therefore, the company starts today the prequalification process, in order to qualify companies that wish to participate in ...
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(Petrobras, 10.Jan.2019) — Petrobras, following up on the press release of Jan. 4, 2019 and Jan. 7, 2019, informs that its Board of Directors approved the dismissals of Mrs. Solange da Silva Guedes, on Jan. 20, 2019, from the position of Chief Exploration and Production Executive Officer and Mr. Hugo ...
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(Jamaica Observer, Kamina Johnson Smith, 9.Jan.2019) — Below are the notes from Minister of Foreign Affairs Kamina Johnson Smith in her press breifing yesterday: Ladies and gentlemen of the media, thank you all for being here today for us to address a matter related to Jamaica’s energy security. It is ...
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(Jamaica Observer, 9.Jan.2019) — The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam, held by Venezuelan state-owned oil and natural gas company, PDV Caribe. Speaking at a press conference yesterday Minister of Foreign ...
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(Jamaica Observer, 9.Jan.2019) — The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Shadow minister of energy, Phillip Paulwell said the Opposition is against the “hostile takeover” of the shares in Petrojam from the Government of Venezuela, ...
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(Reuters, 8.Jan.2019) — Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had not been sent to lawmakers for approval. The body said the oilfield deals with France’s Maurel & Prom and little-known ...
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(Petrobras, 8.Jan.2019) — Petrobras clarifies, on news published in the press, on an eventual agreement related to the Revision process of the Transfer of Rights Agreement that: Since November 2017, the company established an internal commission, in charge of negotiating the review of the Agreement with representatives of the Federal ...
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(Energy Analytics Institute, Aaron Simonsky, 8.Jan.2019) — Echo Energy plc announced that equipment necessary and required for the stimulation of the EMS-1001 well, drilled in June 2018 on the company’s Fracción C licence, onshore Argentina, has arrived on site, the company announced in an official statement. Additionally, Echo reported that ...
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(Oilprice.com, Irina Slav, 7.Jan.2019) — Mexican drivers in several states are struggling to fill their tanks as the new government fights massive fuel theft by seeking to move more gasoline by tanker trucks instead of pipelines, Reuters reports, citing a local source who said a number of fuel stations in ...
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(Petrobras, 7.Jan.2019) — Petrobras, in addition to the press release disclosed on January 4, 2019, informs that its CEO Roberto da Cunha Castello Branco, finalizing the changes proposed in his current Executive Board, appointed Mr. Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office. The dismissal of ...
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(AFP, 7.Jan.2019) — French oil company Maurel & Prom will invest $400 million in an oil field in Venezuela, whose production is in free fall, President Nicolas Maduro said on Monday. “A good deal has been concluded to increase production in an important field” in the northwest, Maduro said on ...
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(Energy Analytics Institute, Piero Stewart, 7.Jan.2019) — Venezuela’s Oil Minister and PDVSA President Manuel Quevedo announced that the state oil company had signed an investment agreement with the French company Maurel & Prom to increase oil production in Lake Maracaibo in Zulia state with an investment of $400 million. Details ...
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(Petrobras, 7.Jan.2019) — Petrobras announced the final results of its previously announced debt tender offers. As of 11:59 p.m., New York City time, on January 4, 2019 (the “Expiration Date”) holders of: (i) US$1,065,388,000 principal amount of the outstanding notes of the series set forth in the table below under ...
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(Petrobras, 7.Jan.2019) — Petrobras reports the actions taken as a result of the oil leak that occurred on January 2 in one of the tanks of the FPSO Cidade de Rio de Janeiro, a unit chartered by the company and operated by Modec do Brasil in the Espadarte field in ...
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(Reuters, 7.Jan.2019) — Brazil's Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area. The ministry told Reuters in a statement the figure, reported on Monday ...
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(Reuters, Luc Cohen and Brian Ellsworth, 7.Jan.2019) — Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent Florida Republican to help increase the socialist-run country’s plummeting crude oil output, the company said. Erepla Services LLC, part-owned by ...
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(ExxonMobil, 7.Jan.2019) — ExxonMobil has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeast Stabroek Block. -- First of two ...
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(Canadian Solar, 7.Jan.2019) — Canadian Solar Inc. completed the sale of its 18 MWp portfolio of PMGD solar power projects in Chile to Sonnedix. The transaction was closed in December 2018 and the company expects to recognize the majority of the revenue from the sale of the projects for the ...
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(Reuters, 7.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Monday that his crackdown against fuel theft was yielding positive results, even as the intervention sparked severe fuel shortages in parts of the country and long lines of angry motorists. In a bid to eliminate years of mounting theft, ...
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(Energy Analytics Institute, Jared Yamin, 6.Jan.2019) — By mandate of the Mexican Government, Pemex is advancing in the reestablishment of the supply of fuel in affected states, the state oil company announced in an official statement. “Although there have been distribution delays, there is enough product to cover demand,” Pemex ...
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(T&T Energy Chamber CEO Thackwray ‘Dax’ Driver, 6.Jan.2019) — Trinidad & Tobago’s energy sector is predicted to make a modest recovery in 2019, on the back of increased natural gas production and hence increased LNG and petrochemical exports. However, this recovery is fragile and could be threatened by continued low ...
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(Jamaica Observer, Bruce Golding, 6.Jan.2019) — From a distance, Guyana has seemed poised for an era of unprecedented development and prosperity. Since 2015 it has confirmed 10 offshore oil wells capable of generating over 750,000 barrels per day. New wells are being discovered every few months and the technical data ...
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(Pemex, 6.Jan.2019) — By mandate of the Mexican Government, Pemex has made significant progress in restoring fuel distribution, using various alternative supply lines in the affected states. Although there have been delays in distributing the fuel, there is enough to cover demand; the operations that have been implemented will allow ...
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(Energy Analytics Institute, Jared Yamin, 5.Jan.2019) — In Guanajuato, the capital city of Guanajuato state, an estimated nine-out of a total of 14-gas stations reportedly don’t have fuel to supply motor vehicles, reported online media El Financiero, citing comments from Mayor Alejandro Navarro Saldaña. Other cities in Guanajuato state affected ...
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(The Hindu, 5.Jan.2019) — ONGC Videsh Ltd., the overseas arm of State-owned Oil and Natural Gas Corp. (ONGC), on Saturday said it has made a second oil discovery in Colombia that has increased prospects of its onland block in the South American nation. The well Indico-1 in onshore block CPO-5 ...
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(Reuters, 5.Jan.2019) — India’s ONGC Videsh, the overseas investment arm of the country’s biggest explorer, Oil and Natural Gas Corp, has found more oil in a block in Colombia, a company statement said. ONGC Videsh has a 70 percent stake in the CPO-5 block and Petrodorado South America S.A. Sucursal ...
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(Pemex, 5.Jan.2019) — Petróleos Mexicanos reports that safer transportation methods are being used  as part of the Joint Plan of the Mexican Government to combat fuel theft, which has caused changes in the logistics dealing with delivery to service stations. This has caused delays that have greatly affected the states ...
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(Reuters, 5.Jan.2019) — Colombian state oil company Ecopetrol has halted the Cano Limon-Covenas pipeline after it was damaged in a bomb attack, spilling crude into two streams in Norte de Santander province, the company said. The Friday explosion in the rural area of Campo Giles, in Tibu municipality, is the ...
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(Foreign Policy, Lisa Viscidi and Nate Graham, 4.Jan.2019) — This coming November, delegates from nearly every country had been scheduled to gather in Brazil to discuss climate change at the 25th United Nations Conference of the Parties. When the meeting was planned, Brazil seemed a logical choice to host it ...
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(Energy Analytics Institute, Ian Silverman and Piero Stewart, 4.Jan.2019) — Heard on the street and LatAmNRG briefs on Bolivia seeking natural gas deal with Peru, YPFB and Camacari inking deal for thermoelectric plant, China’s Eximbank disbursing $56 million to Sinosteel in Bolivia, Mexico planning to raise electric rates for industrial ...
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(Energy Analytics Institute, Ian Silverman, 4.Jan.2019) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) aims to boost production and commercialization of urea in Northeast Argentina, Brazil, Paraguay, Uruguay and Peru in 2019, announced YPFB President Óscar Barriga in an official company statement. Bolivia has consolidated its position as an urea exporter and ...
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(Petrobras. 4.Jan.2019) — Petrobras, in addition to the Material Fact published on December 21, 2018, informs that its CEO Roberto da Cunha Castello Branco, within the scope of the nomination process for members of the Executive Board, indicated to the Executive Offices of Refining and Natural Gas Mrs. Anelise Quintão ...
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(Reuters, Gram Slattery, 3.Jan.2019) — Brazil’s PetroRio SA and Australia’s Karoon Energy Ltd are among the bidders for a mature shallow water oilfield owned by Petroleo Brasileiro SA, according to two sources speaking on condition of anonymity, as the state-run oil major marches ahead with an ambitious divestment program. With ...
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(Reuters, Marta Nogueira and Rodrigo Viga Gaier, 3.Jan.2019) — Brazilian officials on Thursday predicted a quick resolution to a dispute with Petroleo Brasileiro SA over offshore oil blocks and doubled down on pledges to steer the state-run firm toward its core businesses like oil exploration. At the swearing-in ceremony for ...
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(Reuters, Neil Marks, 3.Jan.2019) — Guyana’s government will challenge in court a parliamentary no-confidence vote that toppled President David Granger’s ruling coalition amid a dispute over developing the country’s nascent oil industry, the country’s attorney general said on Thursday. The Dec. 21 vote triggered new elections within 90 days, after ...
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(Energy Analytics Institute, Jared Yamin, 3.Jan.2019) — The Mexican Association of Gasoline Businessmen (Amegas by its Spanish acronym) confirmed the shortage of gasoline in various regions of Mexico, which could limit the sale of fuel to ten liters per car, reported online media El Financiero. *** © Energy Analytics Institute ...
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(Energy Analytics Institute, Aaron Simonsky, 3.Jan.2019) — Echo Energy starts seismic mobilization and topography survey in the eastern area of Tapi Aike, the company announced in presentation on its website. *** © Energy Analytics Institute (EAI) ...
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(Reuters, Gram Slattery, 3.Jan.2019) — Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil’s Petroleo Brasileiro SA, will either save the indebted oil major - or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday, Castello Branco had ...
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(Kallanish Energy, 3.Jan.2019) — Bolivian left-wing autocrat President Evo Morales congratulated and welcomed Brazil’s far-right populist President, Jair Bolsonaro, while attending the latter’s swearing-in ceremony in Brazil Tuesday. Despite their extremely different political views, the two presidents promised to continue working together for the good of the two nations. There’s ...
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(Bloomberg, Noah Smith, 3.Jan.2018) — It’s hard to overstate how disastrous the reign of Hugo Chavez and his successor Nicolas Maduro has been for Venezuela. A recent series of Bloomberg articles vividly depicts the hellish, never-ending struggle for survival in Caracas, the country’s capital. Hungry children roam the streets, people ...
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(Energy Analytics Institute, Ian Silverman, 2.Jan.2019) — PetroPerú announced that as a consequence of a slight pressure drop at Station 5, and futher inspection, a minor oil leak was detected at Km 323 of Section II of the Norperuano Pipeline (ONP). Km 323 is located in the jurisdiction of the ...
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(Energy Analytics Institute, Pierto Stewart, 2.Jan.2019) — Ecuador adjusted downward amounts estimated for subsidies contemplated in the country’s pro forma budget for 2019, approved in Nov. 2018 by the Assembly, compared to what was planned in Oct. 2018. According to online media El Comerio, the country has reduced its fuel ...
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(Melbana, 2.Jan.2019) — Melbana Energy Limited announced on 31 December 2018 it signed a binding definitive farmout agreement with Anhui Modestinner Energy Co., Ltd. (AMEC), a wholly owned and guaranteed subsidiary of Anhui Guangda Mining Investment Co. Ltd. (AGMI), with respect to its Block 9 Production Sharing Contract (Block 9 ...
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(Bloomberg, Lucia Kassai, 2.Jan.2019) — Venezuela, once Latin America’s largest oil exporter, ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades. Home to the world’s biggest crude reserves, the country exported 1.245 million barrels a day last year, the lowest since 1990, as ...
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(Rowan, 2.Jan.2019) — Rowan Companies plc said the Rowan Gorilla VI (a Super Gorilla class jack-up) has been extended by Shell in Trinidad. The rig will continue its current drilling program until approximately March of 2019. Thereafter, the Rowan Gorilla VI will be used for platform support and accommodations work ...
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(Petrobras, 2.Jan.2019) — Petrobras reports that yesterday, the Chairman of the Board of Directors, Mr. Luiz Nelson Guedes de Carvalho, and Board member, Mr. Francisco Petros Oliveira Lima Papathanasiadis, presented their resignations from the posts of Chairman and member of the company’s Board of Directors, respectively, as well as from ...
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(Power Technology, 2.Jan.2019) — German-based financial services company Kreditanstalt für Wiederaufbau (KfW) IPEX-Bank has agreed to provide financing for four power grid projects in Chile. Under the agreement, KfW IPEX-Bank will provide $120m to power grid operator Transelec Concesiones. Additionally, credit agency Export Development Canada (EDC) and Japanese bank MUFG ...
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(Wolf Street, Don Quijones, 1.Jan.2019) — “We’re not just talking about the theft of oil, but about a plan involving government insiders and a complex distribution system. It’s not easy to distribute and sell the pilfered contents of 600 pipelines each and every day.” Mexico’s new government has launched a ...
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(Energy Analytics Institute, Ian Silverman, 1.Jan.2019) — Heard on the street and LatAmNRG briefs on fluctuating prices for super gasoline in Ecuador; and Ecuador’s government favoring $50.05 per barrel oil price to budget for subsidies. Super Gasoline At $2.98/Gallon In Guayaquil (Energy Analytics Institute, Ian Silverman, 1.Jan.2018) — Prices of ...
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(AFP, 31.Dec.2018) — Costa Rica likes to advertise itself as an ecological paradise, where more than 98 percent of its electricity needs are met by clean energy. But in the automotive industry, it is lagging behind with just 600 out of 1.4 million private vehicles running on electricity rather than ...
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(Cosan Limited, 31.Dec.2018) — Cosan Limited announced preliminary results of its tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the ...
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(Energy Analytics Institute, Piero Stewart and Ian Silverman, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on Colombia’s first long-term power auction; the reach of Bolivia’s natural gas reserves; and a potentially steep decline in Venezuela’s oil production. Colombia’s First Long-Term Power Auction Announced (Energy Analytics Institute, Piero Stewart, ...
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(Energy Analytics Institute, Aaron Simonsky, Piero Stewart, and Jared Yamin, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on complaints from oil executives in Argentina over constant changes at the helm of the Energy Secretariat; the necessary return of Exemplar to Argentina; expansion work on a regasification vessel in ...
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(Forbes, Jude Clemente, 30.Dec.2018) — Mexico’s new President Andrés Manuel López Obrador(AMLO) took office on December 1 and will serve one six-year term. It was the largest landslide in Mexico’s recent history, and AMLO claims that he will head the biggest transformation since the 1910 revolution. Energy is clearly at ...
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(AP, 30.Dec.2018) — The theft of US$3 billion in fuel every year from Mexico’s state-run fuel depots and pipelines is an inside job, the country’s new president said Thursday. President Andres Manuel Lopez Obrador said thieves didn’t just drill taps into government pipelines. He said company employees stole fuel and ...
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(Reuters, 29.Dec.2018) — Argentina’s energy secretary resigned on Friday, the government said in a statement, less than 24 hours after news leaked that the administration of President Mauricio Macri plans to increase electricity prices by an average 35 percent next year. Higher power bills are sure to be unpopular as ...
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(Energy Analytics Institute, Aaron Simonsky, 28.Dec.2018) — Argentina’s Ministry of Finance announced appointment of Gustavo Lopetegui as the country’s new Energy Secretary. Lopetegui replaces Javier Iguacel, who resigned, Argentina’s Energy Secretariat reported in an official statement. “For reasons that I explained to the president, I’ve resigned the office of Secretary ...
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(S&P Global Platts, 28.Dec.2018) — Argentina has set a target of doubling its oil and natural gas production over the next five years but analysts and executives warned that it may take longer as political instability threatens to slow investment. Mauricio Macri, the country’s market-friendly president, faces reelection in October, ...
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(Energy Analytics Institute, Jared Yamin, 31.Dec.2018) — Petróleos Mexicanos conducted maintenance at the Poza Rica Gas Processing Complex (CPG) from Dec. 29 to 31, the company announced in an official statement on its website. Additionally, Pemex also announced it had carried out rehabilitation work at the Poza Rica well #293 ...
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(Reuters, Eliana Raszewski, 27.Dec.2018) — Argentina plans to raise electricity prices by an average 35 percent nationwide next year, government sources directly familiar with the matter said on Thursday. Higher power bills would hit families already struggling with high inflation and a shrinking economy that has caused job losses and ...
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(Scania, 28.Dec.2018) — In November, TransMilenio in Bogotá, selected Scania to deliver 481 Scania Euro 6 gas buses – the cleanest and most silent buses on the market. In the continued renewal of the city’s Bus Rapid Transit system, Scania has now been selected to supply a further 260 gas ...
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(Shell, 27.Dec.2018) — Oil & Gas Development Ltd S.A. (Shell Argentina) announced the decision to move into the development phase of the Sierras Blancas, Cruz de Lorena and Coiron Amargo Sur Oeste blocks, an Unconventional development in the Neuquen Vaca Muerta basins. This decision initiates full-scale development of oil and ...
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(Ecopetrol, 27.Dec.2018) — Ecopetrol S.A. redeemed in advance the entire ten-year international bond issued in 2009, as it was announced in a press release on November 27, 2018. Consistent with the bond’s conditions, the redemption price was US$1,025.48 per US$1,000 principal amount, equivalent to US$1,538,219,261.43, plus accrued interest as of ...
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(Energy Analytics Institute, Ian Silverman, 27.Dec.2018) — Amerisur Resources Plc announced Stephen Foss will step down from the Board in order to pursue other executive business interests at an established global asset management group, focused on emerging markets. The decision takes effect from February 1, 2019, the company announced in ...
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(Energy Analytics Institute, Piero Stewart, 27.Dec.2018) — Petroecuador completed its fourth spot market sale of crude oil in 2018, with the export of 1,080,000 barrels of Oriente crude of 24-degree API. The deal was awarded to Tesoro Refining and Marketing Company LLC, which offered a price of +$2.11 per barrel, ...
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(Oilprice.com, Nick Cunningham, 27.Dec.2018) — Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy approached two Norwegian vessels conducing seismic work in Guyanese waters on December 22, forcing the ships ...
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(S&P Global Platts, 27.Dec.2018) — Shell plans to start a full-scale development project in Vaca Muerta next year, betting on the shale play to ramp up oil and natural gas production in Argentina, the government of Neuquen announced Thursday. Shell Argentina CEO Sean Rooney made a presentation Thursday of the ...
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(SeekingAlpha, Carl Surran, 27.Dec.2018) — Royal Dutch Shell says it plans to begin development of unconventional oilfields in Argentina's Vaca Muerta basin, one of the world's biggest shale plays, aiming at production of 70K boe/day by 2025. “The preliminary results from our early production [pilot wells] in Vaca Muerta have ...
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(Petrobras, 27.Dec.2018) — Petrobras, in addition to the material facts disclosed on 10/14/2016 and 06/30/17, informs that its Executive Board approved, yesterday, a complementary protection mechanism, aiming to give additional flexibility to the management of the diesel price policy, as it already exists for gasoline, as disclosed to the market ...
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(Petrobras, 27.Dec.2018) — Petrobras announced that in November its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), 2.52 million boed produced in Brazil and 100 thousand boed abroad. The total operated production of the company (Petrobras and ...
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(ARPEL, 27.Dec.2018) — During October and November, various training courses on ARPEL Oil Spill Response Planning and Readiness Assessment Manual and the tool RETOS® (Readiness Evaluation/Excel Tool for Oil Spills) were held in Suriname, Trinidad and Tobago, Mexico and Cuba. The courses were promoted by REMPEITC-Caribe (Regional Marine Pollution Emergency ...
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(Bladex, 26.Dec.2018) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announced the recent closing of a $75 million, senior unsecured, amortizing 3-year term loan facility in favor of YPF Energía Eléctrica S.A. YPF EE is the fifth largest private electricity generator in the Argentina through its thermal energy plants and ...
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