NRG DASHBOARD

(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy markets, today released their 2020 outlook. The outlook presumes continued high geopolitical risks to oil supply, a slight recovery in oil demand driven by IMO ...
Read More
(Forbes, Dylan Baddour, 10.Dec.2019) — As protesters continue to push demands in Colombia, the government here has asked its oil company, Ecopetrol S.A., for a billion-dollar dividend to cover its commitments. The combination of planned tax cuts for corporations, plus new tax cuts and for low income earners offered to ...
Read More
(S&P Global Platts, 10.Dec.2019) — Pemex's largest hydrocarbon reserve discovery in 30 years is boosting the Mexican government's confidence that the troubled state-run enterprise can reverse a more than decade-long decline in crude oil production. An analysis of initial production results and seismic data from the onshore Quesqui field led ...
Read More
(Talos, 10.Dec.2019) — Talos Energy Inc. entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, exploration prospects and acreage from affiliates of ILX Holdings, Castex Energy and Venari Resources for $640 million as of the effective date. Specifically, Talos has ...
Read More
(Chron.com, Sergio Chapa, 9.Dec.2019) — Six executives of Houston refiner Citgo are out of a Venezuelan prison, according to a late Monday report by Reuters. After spending two years in prison on corruption charges, Jose Luis Zambrano, Alirio Zambrano, Jorge Toledo, Tomeu Vadell, Gustavo Cardenas and Jose Pereira are said ...
Read More
(Petrobras, 9.Dec.2019) — Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P S.A., a subsidiary of Petrorecôncavo ...
Read More
(Petrobras, 9.Dec.2019) — Petrobras, in accordance with the commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the ...
Read More
(Sempra, 9.Dec.2019) — The Sempra Energy board of directors declared a quarterly dividend of $0.9675 per share of common stock. The common stock dividend is payable Jan. 15, 2020, to common stock shareholders of record at the close of business on Dec. 30, 2019. The company's board of directors also ...
Read More
(Stabroek News, 7.Dec.2019) — Guyana’s Natural Resource Fund (NRF), which will hold oil revenues, is to be located in the Federal Reserve Bank of New York rather than the Central Bank of Guyana, Minister of Finance Winston Jordan has revealed. “We are in the process of getting the requirement to ...
Read More
(Trinidad Express, 7.Dec.2019) — The Trinidad and Tobago Electricity Commission (T&TEC) has appealed to customers in Trinidad to conserve electricity this weekend, while the National Gas Company (NGC) carries out expansion work on its network. In a public notice yesterday, the commission said NGC’s work is scheduled for tomorrow (December ...
Read More
(Reuters, Luc Cohen, Deisy Buitrago, Mayela Armas, 6.Dec.2019) — Venezuela’s government and opposition have discussed allowing private companies in joint ventures with state oil company PDVSA to operate oil fields themselves, reversing a longstanding requirement that PDVSA control such operations, three people familiar with the talks said. While a similar ...
Read More
(Zacks Equity Research, 6.Dec.2019) — Exxon Mobil Corporation is planning to commence a 31-well exploration campaign offshore Guyana, per Argus. The company has submitted requests to the Environmental Protection Agency of Guyana for this drilling program, which will be executed in the Stabroek, Kaieteur and Canje blocks. Drilling from these ...
Read More
(Reuters, Oliver Griffin, 5.Dec.2019) — Companies including Canada’s Parex Resources and Ecopetrol SA won contracts to operate oil blocks in Colombia’s auction round on Thursday, as the Andean nation seeks to reinvigorate its petroleum sector. Ecopetrol and its subsidiary Hocol SA, Frontera Energy Corp and Amerisur Resources Plc were all ...
Read More
(Bloomberg, Simon Casey and Sabrina Valle, 5.Dec.2019) — Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, CEO Roberto Castello Branco said. The plan is a major shift for the state-controlled oil ...
Read More
(Frontera, 5.Dec.2019) — Frontera Energy Corporation announced full year 2020 capital plan and guidance information. All values in this news release and the Company's financial disclosures are in United States dollars, unless otherwise noted. Gabriel de Alba, Chairman of the Board of Directors, said: "Frontera's 2020 plan demonstrates the Company's ...
Read More
(IB Times, Palash Ghosh, 4.Dec.2019) — Ahead of this week’s meeting of the Organization of the Petroleum Exporting Countries in Vienna, the tiny South American nation of Guyana will likely not be on the agenda. However, within a decade this country of just 778,000 people may be as wealthy as ...
Read More
(Reuters, 4.Dec.2019) — Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's ...
Read More
(Reuters, Luis Jaime Acosta, 3.Dec.2019) — Fifteen countries in the Americas agreed on Tuesday to ban 29 Venezuelans, including the oil-producing country’s president, Nicolas Maduro, and his close allies, from traveling within their borders as part of diplomatic efforts to push him to step down. The meeting included representatives from ...
Read More
(Miami Herald, Jim Wyss and Nora Gamez Torres, 3.Dec.2019) — Washington continued to tighten its grip on Venezuela and Cuba on Tuesday, naming six oil tankers that deliver fuel from the South American nation to the island as “blocked property.” The action — just the latest in a series of ...
Read More
(Petrobras, 3.Dec.2019) — Petrobras, following up on the release dated on 09/30/2019 and 10/15/2019, reports on the beginning of the binding phase regarding the sale of its interests in eight onshore exploratory blocks located in the Recôncavo Basin. Qualified parties for this phase will receive process letters with instructions on ...
Read More
(Petrobras, 3.Dec.2019) — Petrobras started the opportunity disclosure stage, referring to the sale of its interest in two onshore exploratory blocks, located in the Espírito Santo Basin. Petrobras holds a 50% stake in each of the blocks, in partnership with Cowan Petróleo e Gás, which is the operator and holds ...
Read More
(Ecopetrol, 3.Dec.2019) — Ecopetrol S.A. announced that the risk-rating agency Fitch Ratings has maintained the company's credit rating at BBB with negative outlook, and its stand-alone rating (without incorporating government support) at bbb. In the press release, Fitch noted the strength of Ecopetrol's financial profile, due to the continuous improvement ...
Read More
(S&P Global Platts, 3.Dec.2019) — Argentina's Neuquen province awarded development licenses to Vista Oil & Gas and YPF in Vaca Muerta, a giant shale play that has seen investment and production growth slow this year on economic and political uncertainty. Mexico City-based Vista won a license to develop Aguila Mora ...
Read More
(Asia Times, Vijay Prashad, 3.Dec.2019) — On Monday in Madrid, the 2019 UN Climate Change Conference – known as COP25 – began. Representatives of the world’s countries gathered to discuss what is decidedly a serious problem for the planet; no one, except dangerous political forces on the neo-fascist right, denies ...
Read More
(US Department of State, 3.Dec.2019) — On December 3, the United States identified six PDVSA-owned vessels, pursuant to E.O. 13884 or 13850, being used by the former Maduro regime to ship oil to Cuba, announced US Secretary of State Michael R. Pompeo. Related Story: OFAC Adds Six Vessels To List ...
Read More
(Piero Stewart, Energy Analytics Institute, 3.Dec.2019) — The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) add six vessels to its SDN list as of 3 Dec. and as follows. -- ICARO Crude Oil Tanker Panama flag; Vessel Registration Identification IMO 9038842 (vessel) [Venezuela-EO13884] (Linked To: PDVSA) ...
Read More
(Argus, Patricia Garip, 3.Dec.2019) — Bolivia's new interim government has revised down the figure for natural gas reserves, applying a more conservative interpretation of the certified data. Proven reserves are 8.95 Tcf (254bn m³) as of the end of 2017, rather than 10.7 Tcf as the previous government had asserted, ...
Read More
(Apache, 2.Dec.2019) — Apache Corporation updated the status of its first exploratory well in Block 58 offshore Suriname. Drilling operations on the Maka Central - 1 well commenced in late September with an expected drill time of 30 to 60 days. Upon reaching a depth of approximately 6,200 meters, the ...
Read More
(Invenergy, 2. Dec.2019) — Invenergy executed a strategic partnership agreement with Empresas Publicas de Medellin (EPM), one of Colombia's largest public electric utilities, to develop, build, and operate large-scale wind and solar energy projects in Colombia. This partnership combines Invenergy's renewable development and operational expertise with EPM's domestic know-how to ...
Read More
(Petrobras, 2.Dec.2019) — Petrobras started the opportunity disclosure stage, referring to the sale of its interest in the onshore fields of Dó-Ré-Mi and Rabo Branco, belonging to the BT-SEAL-13 Concession, located in the SergipeAlagoas Basin. The teaser, which contains key information about the opportunity, as well as the eligibility criteria ...
Read More
(Argus, Patricia Garip, 2.Dec.2019) — Venezuela's state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal for a transition period of up to one year after its lease expires at the end of December. The preliminary lease extension is another notch ...
Read More
(Energy Analytics Institute, Aaron Simonsky, 1.Dec.2019) — UN Secretary-General António Guterres addressed the media in a press briefing one day ahead of the COP25 2019 to be held in Madrid, Spain. “We are confronted by an escalating global climate crisis,” Guterres said. “The point of no-return is no longer over ...
Read More
(NYT, Elisabeth Malkin, 1.Dec.2019) — One year into his term, President Andrés Manuel López Obrador faces a stagnant economy and spiraling violence, but Mexicans still place their hopes in him. Every day before dawn, a knot of unemployed men gather at the gate of a construction site, hoping to land ...
Read More
(Argus, Sergio Meana, 29.Nov.2019) — Fuel retailers could invest Ps15bn ($750mn) in Mexico next year mostly in 175 greenfield stations — if they can overcome regulatory hurdles — as well as technology to keep up with new rules, industry association Onexpo estimates. Permitting backlogs and political uncertainty already stalled development ...
Read More
(JinkoSolar, 29.Nov.2019) — JinkoSolar Holding Co., Ltd. supplied 300MW of its high energy density Tiger panels for an ultra-high voltage demonstration plant in Qinghai Province, China. The Qinghai Ultra High Voltage Demonstration Plant is the first ground mounted utility project in the world to install JinkoSolar's Tiger panels which have ...
Read More
(Xinhua, 29.Nov.2019) — Cuba hopes to generate a quarter of its energy needs from renewable sources over the next decade, an industry official said on Thursday. The government's Renewable Energy Development Program aims to raise clean energy output from today's 4 percent to 24 percent by 2030, said Tatiana Amaran, ...
Read More
(IN-VR, 29.Nov.2019 ) — IN-VR invites international oil & gas companies to the Latin America Oil & Gas Summit in 5-6 December 2019, at Uruguay, Punta Del Este Resort & Spa. For the first time, NOCs and hydrocarbons agencies will be sharing onshore and offshore updates for the region’s huge ...
Read More
(Reuters, Roberto Samora , 28.Nov.2019 ) — Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan. Petrobras, as the state-run company is known, aims to ...
Read More
(Petrobras, 28.Nov.2019) — Petrobras signed with PetroRio Jaguar Petróleo Ltda., subsidiary of Petro Rio S.A., a contract on 28 Nov. for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for $100 million. Currently, PetroRio holds ...
Read More
(CaribNews, Mellany P., 28.Nov.2019) — President David Granger said Wednesday that the emerging petroleum industry provides an “exciting economic and enterprising development” for Guyana and will enhance economic growth by increasing investment, including upstream investment. Addressing the Guyana International Petroleum Exhibition (GIPEX) 2019, Granger insisted that the Caribbean Community (CARICOM) ...
Read More
(Energy Analytics Institute, Ian Silverman, 28.Nov.2019) — Bolivia’s Energy Ministry ordered the Nuclear Electricity and Technology Authority (AETN) to reduce electrical rates in the domestic market in "some departments" where payments for services are high. The ministry referred to departments such as Beni and announced that steps to export energy ...
Read More
(Reuters, Mayela Armas, Corina Pons, 28.Nov.2019) — Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said. The move made in recent months is the latest example of how Caracas has ...
Read More
(Reuters, Tatiana Bautzer and Carolina Mandl, 28.Nov.2019) — Brazil's state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China's Sinopec, Abu Dhabi's state investor and two Brazilian firms, according to four people with knowledge of the ...
Read More
(Ecopetrol, 28.Nov.2019 ) — In accordance to Colombian Corporate Law and Securities Regulations concerning illegal, unauthorized and unsafe practices by the issuers of securities, the Board of Directors of Ecopetrol S.A. approved the following measures to guarantee the adequate representation of the shareholders at the Extraordinary General Shareholders' Meeting to ...
Read More
(El Nuevo Herald, Nora Gámez Torres, 27.Nov.2019) — Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian crisis in Venezuela, a U.S. top diplomat told reporters on Wednesday. The U.S. special envoy for Venezuela, Elliott Abrams, said that Maduro has the money ...
Read More
(S&P Global Platts, 27.Nov.2019) — The benchmark Dubai crude futures market structure moved higher in mid-morning trade in Asia Wednesday as new sanctions imposed on a Cuban company over its links to Venezuelan oil tradingput the focus back on the global supply shortage of medium and heavy high sulfur crudes ...
Read More
(Argus, 27.Nov.2019) — Another prominent figure in Venezuela's US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political party in the latest signs of internal discord. In a 26 November letter, self-declared interim president Juan Guaido informed his Colombia envoy Humberto Calderon Berti ...
Read More
(Dominican Today, 27.Nov.2019) — The Ministry of Energy and Mines (MEM) awarded Apache Dominican Republic Corporation, a subsidiary of the US Apache Corporation, an offshore block in the San Pedro de Macorís basin for exploration and exploitation of oil and gas. The award was delivered at the country’s first auction ...
Read More
(Energy Analytics Institute, Ian Silverman, 27.Nov.2019) — Bolivia commenced operations to repair a 200-meter section of the Carrasco-Cochabamba Gas pipeline damaged by an explosion that left the industrial sector of Cochabamba, La Paz and Oruro without power supply. Work has started and shortly normalization of gas flows are expected to ...
Read More
(Energy Analytics Institute, Aaron Simonsky, 26.Nov.2019) — Brazil’s state oil company Petrobras announced that ongoing negotiations with Acron Group closed without the companies coming to agreement regarding divestment of the Brazilian company’s 100% equity interest in Araucária Nitrogenados S.A. (ANSA) and Nitrogen Fertilizer Unit III (UFN-III). Rio de Janeiro-based Petrobras ...
Read More
(Reuters, 26.Nov.2019) — U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent of U.S. refiner Citgo Petroleum to collect on an arbitration award against Venezuelan state oil company PDVSA. Citgo, a PDVSA subsidiary and Venezuela’s crown jewel overseas asset, ...
Read More
(Reuters, 26.Nov.2019) — Oil companies placed bids for just 15 of 59 blocks in Colombia's ongoing oil auction, the national hydrocarbons agency (ANH) said on Tuesday, below the ANH's hoped-for number of offers. The ANH had said it wanted to sign 20 contracts as a result of the round, bringing ...
Read More
(Reuters, 26.Nov.2019) — Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a "hotspot" of its international efforts, the company's exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing ...
Read More
(Bloomberg, Amy Stillman, Peter Millard and Justin Villamil, 26.Nov.2019) — Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid and the debts are building up, complicating efforts to revive an industry whose production has plunged by half since 2004. Pemex, facing pressure from the ...
Read More
(JinkoSolar, 26.Nov.2019) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced it has delivered to X-ELIO, a leading company dedicated to the development, construction and operation of photovoltaic plants, 950 MW of its ultra-high efficiency Cheetah 72 cells solar modules ...
Read More
(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% higher than the estimated 2019 figure for organic investment. The plan approved by the Board of Directors, which prioritizes opportunities under strict capital discipline, is ...
Read More
(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 status report dated October 25, 2019. -- VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the ...
Read More
(Chron.com, Sergio Chapa, 25.Nov.2019) — American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack that allegedly knocked out computers at Mexico's state-run oil company Petroleos Mexicanos, or Pemex. Mexican media outlets have been reporting over the past two weeks ...
Read More
(Energy Analytics Institute, Piero Stewart, 25.Nov.2019) — OPEC member country Venezuela reportedly shipped a cargo of petroleum coke to Cuba valued at an estimated $1.7 million, according to sources in Punto Fijo, Venezuela. A cargo of 26,000 metric tons of petcoke was loading onto the Lagonda tanker on 24 Nov ...
Read More
(Bloomberg, Sabrina Valle and Andy Hoffman, 25.Nov.2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Carlos Roberto Martins Barbosa ...
Read More
(Energy Analytics Institute, Ian Silverman, 23.Nov.2019) — Bolivia’s state oil company Yacimientos Petrolíferos Fiscales Bolivianos announced the dispatch of 1.8 million liters of gasoline and diesel and 10,119 bottles (cylinders) of liquefied petroleum gas (LPG) to the cities of La Paz and El Alto after suspension of a blockade at ...
Read More
(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 in The Bahamas in 2020. However, the company is still working to secure the financing and finalize a rig contract with Seadrill. In August 2019, ...
Read More
(Reuters, Daniel Ramos, 22.Nov.2019) — Bolivia's interim government filed a criminal complaint on Friday against former President Evo Morales for alleged sedition and terrorism, the interior minister said, as authorities began probes of his allies that they accuse of corruption and fomenting unrest. Interim President Jeanine Anez, a former senator ...
Read More
(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister José Agusto announced the South American country continues with plans for another bid round, while he added the country has also attracted investor interest in a new refinery. Ecuador, which recently experienced weeks of protests related to a failed ...
Read More
(Petrobras, 22.Nov.2019) — Petrobras, following up on the release dated August 30, 2019, informs the beginning of the binding phase regarding the first stage of the sale of refining and associated logistics assets in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in ...
Read More
(Energy Analytics Institute, Piero Stewart, 21.Nov.2019) — An energy storage system comprised of batteries of 2.2 megawatt hours was inaugurated on 21 Nov. 2019 on the island of San Cristobal, province of Galapagos. Construction of the new 1-megawatt photovoltaic power plant will cost an estimated $5.8 million, Ecuador’s Ministry of ...
Read More
(Höegh LNG, 21.Nov.2019) — Höegh LNG Partners LP provided its quarterly outlook for the LNG market with details on its operations in Cartagena, Colombia. A subsidiary of the Partnership, as the owner of the Höegh Gallant, has a lease and maintenance agreement with EgyptCo until April 2020. To date, the ...
Read More
(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 refining subsidiary Citgo to satisfy billions of dollars of debts. The US Third Circuit Court of Appeals denied a request to hear arguments on the ...
Read More
(Oilprice.com, Irina Slav, 21.Nov.2019) — Venezuela will use some 30 million barrels of oil it has in storage as backing for its national cryptocurrency, the petro, Reuters reports, citing a speech by President Nicolas Maduro. “I will deliver these 30 million of barrels as a liquid, physical, material backing for ...
Read More
(WoodMac, 21.Nov.2019) — Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the ...
Read More
(S&P Global Platts, 21.Nov.2019) — A US appeals court Thursday denied Venezuela's request for it to reconsider its ruling allowing a PDVSA creditor to go after US refiner Citgo, its most valuable foreign asset. The ruling by 13 judges on the US 3rd Circuit Court of Appeals in Philadelphia upholds ...
Read More
(Petrobras, 21.Nov.2019) — Petrobras signed with Proquigel Química S.A., a company of Unigel Group, lease agreements of its fertilizer plants in Bahia (Fafen-BA) and Sergipe (Fafen-SE), for the total amount of R$ 177 million for a period of 10 years, renewable for the same term. Leases will become effective upon ...
Read More
(Moody’s, 21.Nov.2019) — Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ecopetrol S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of ...
Read More
(Energy Analytics Institute, Piero Stewart, 20.Nov.2019) — Trinidad and Tobago’s proved natural gas reserves rose just 0.1% to 10,526 billion cubic feet (Bcf) in 2018 compared to 10,515 Bcf in 2017, according to details in a reserve report prepared by Ryder Scott Company Petroleum Consultants. The country’s probable gas reserves ...
Read More
(The Motley Fool, John Bromels, 20.Nov.2019) — Oil is a big business with even bigger money attached. That's why governments that control oil assets are eager to auction them off to the highest bidder in the hopes of getting a major payout. But Brazil's recent oil block auction didn't go ...
Read More
(S&P Global Platts, 20.Nov.2019) — Three leading oil companies in Argentina, buoyed by the quality of the shale resources, are ready to ramp up oil and natural gas production in Vaca Muerta, but they are holding back until the economic and energy policies of the incoming government are more clear, ...
Read More
(Seeking Alpha, Carl Surran, 20.Nov.2019) — Exxon Mobil and Royal Dutch Shell say they want to ramp up oil and natural gas production in Argentina's Vaca Muerta shale play but are holding back awaiting clarity on the incoming government's economic and energy policies. "The resource has great quality... the same ...
Read More
(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — At least 140 industries – including large and medium sized ones in the Bolivian departments of La Paz, Cochabamba and Oruro – have been affected by a lack of natural gas supply resulting from damage to the Carrasco-Cochabamba (GCC by its Spanish acronym) ...
Read More
(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — Heard on the street and LatAmNRG briefs related to Bolivia’s National Hydrocarbon Agency (ANH) establishing maximum fuel prices and appointment by Bolivia’s Interim President Jeanine Añez of José Luis Rivero as the new president of the country’s state oil and gas company Yacimientos ...
Read More
(Petrobras, 19.Nov.2019) — Petrobras, following up on the press release of November 7, 2019, reports that it has signed today with Copagaz and Nacional Gás Butano a contract for sale of all its stake in Liquigás Distribuidora S.A. The sale price is R$ 3.7 billion, to be adjusted according to ...
Read More
(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its mining sector. Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons. Agusto has previously worked ...
Read More
(Argus, Patricia Garip, 19.Nov.2019) — Bolivia's fragile interim government appointed Jose Luis Rivero Sandoval the new president of state-owned oil and gas company YPFB. Rivero, who replaces Oscar Barriga, is a former YPFB geologist who previously worked in Mexico, Venezuela and the US. His first task is to "recover gas ...
Read More
(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 seizing U.S. refining subsidiary Citgo, the bond’s collateral, until May, according to court filings and a source. The opposition-appointed PDVSA board, which is recognized in ...
Read More
(Oilprice.com, Nick Cunningham, 19.Nov.2019) — Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and moving forward with aggressive drilling plans. The business model for small and medium-sized drillers has ...
Read More
(Reuters, 19.Nov.2019) — Brazil’s state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday. The major shift to deep offshore areas will correspond with onshore exploration ...
Read More
(Argus, Lucien Chauvin, 18.Nov.2019) — Trinidad and Tobago's industries regulator is warning that a natural gas shortage is slowly chipping away at the country's industrial base. James Lee, executive director of the regulated industries commission, told Argus on the sidelines of a gas conference that the planned closure of a ...
Read More
(Energy Analytics Institute, Ian Silverman, 18.Nov.2019) — Heard on the street and LatAmNRG briefs related to Bolivia preparing emergency plan to import fuels, Evo Morales vows his return to Bolivia from Mexico, and repais to the Carrasco-Cochabamba pipeline estimated to cost $200 million. Bolivia Prepares Emergency Plan To Import Fuels ...
Read More
(Touchstone, 18.Nov.2019) — Touchstone Exploration Inc. provides production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. As previously reported, the Coho-1 exploration well (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest) was spudded on August ...
Read More
(GEP, 18.Nov.2019) — As the official CUPET meeting and roadshow to mark Cuba's first offshore bid round, the Cuba Energy, Oil and Gas conference will be returning at the end of the month (26-29 November) hosted by CUPET. Featured as part of this year's four day conference programme, CUPET, alongside ...
Read More
(Argus, 18.Nov.2019) — Trinidad and Tobago's industries regulator is warning that a natural gas shortage is slowly chipping away at the country's industrial base. James Lee, executive director of the regulated industries commission, told Argus on the sidelines of a gas conference that the planned closure of a 270,000 t/yr ...
Read More
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government of Nicolas Maduro from power, but so far those sanctions haven’t been entirely successful. The reason: Venezuela is still exporting oil. So far in November, ...
Read More
(Moody’s, 15.Nov.2019) — Moody's Investors Service completed a periodic review of the ratings of YPF Sociedad Anonima and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the ...
Read More
(Total, 15.Nov.2019) — France’s Total announced first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt. This marks the start-up of the FPSO P-68, the first of the two floating production, storage and offloading units (FPSO) already launched and to be installed on the license ...
Read More
(GeoPark, 15.Nov.2019) — GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador announces the acquisition of Amerisur Resources Plc. Strategic Rationale: Capturing Scale GeoPark has a 17-year track record of creating value ...
Read More
(BPTT, 15.Nov.2019) — BP Trinidad & Tobago (BPTT) today announced that it has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be completed by the end of November 2019. The results of the Ginger well will continue to be evaluated following the ...
Read More
(Rosneft, 15.Nov.2019) — During the visit of the President of the Russian Federation Vladimir Putin to the BRICS summit in Brazil, the Chief Executive Officer of PJSC Rosneft Oil Company Igor Sechin as part of the Russian delegation took part in a number of bilateral meetings with the leaders of ...
Read More
(Pemex, 15.Nov.2019) — Petróleos Mexicanos urges the population to ignore fake press releases currently circulating in various news and social media, claiming alleged delays in the payment of the payroll and Christmas bonuses to the company’s workers are unfounded. Pemex guarantees that its processes in the human resources department, workers’ ...
Read More
(Shell, 14.Nov.2019) — New, deep-water production has come online from the Brazilian pre-salt Santos Basin. Shell Brasil Petróleo Ltda. (Shell Brasil) and its consortium partners today announced the start of oil and natural gas production at the P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in ...
Read More
(TTNGL, 14.Nov.2019) — Trinidad and Tobago NGL Limited (TTNGL) reported its condensed interim financial statements for the nine months ended September 30, 2019. On behalf of the Board of Directors (‘Board’), I am pleased to provide the results of Trinidad and Tobago NGL Limited (‘TTNGL’ and ‘Company’) for the nine ...
Read More
(Saipem, 14.Nov.2019) — Milan-based Saipem has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes Subsea Structures, Risers and ...
Read More
Close