(Carin, 17.Aug.2020) — Cairn Energy announced that further to its announcement on 27 July 2020 of the proposed sale of Cairn’s interests in the Sangomar […]
Houston Refiner Citgo Reports 2Q:20 Results
(Citgo, 17.Aug.2020) — Citgo Petroleum Corporation reported a net loss of $5 million for the second quarter of 2020, which includes the benefit from the […]
MENRNR Authorizes Cos. For Conolophus Project
(Energy Analytics Institute, 17.Aug.2020) — The technical commission delegated by Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MENRNR) to carry out the public selection […]
Petrobras On Unregistered Global Notes Exchange Offer
(Petrobras, 17.Aug.2020) — Petrobras announces the commencement of an offer (the “Exchange Offer”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to exchange up […]
Suzano Reports Cash Generation Of R$3.4bn
(Suzano, 17.Aug.2020) — Suzano, a global reference in the manufacture of bioproducts developed from the cultivation of eucalyptus, announces today its results for the second […]
Total Launches Mero Field 3 FPSO Development
(Total, 17.Aug.2020) — Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located deep offshore, […]
Oil Cos. Wonder If It’s Worth Looking For Oil Anymore
(Bloomberg, 16.Aug.2020) — A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the […]
Former Alberta Premier To Head Payara Review
(CBC News, 16.Aug.2020) — Former Alberta Premier Alison Redford will head a team of consultants in a review of oil giant Exxon Mobil’s proposed Payara […]
EP PetroEcuador Obtains Permits From MAAE
(Energy Analytics Institute, 15.Aug.2020) — EP PetroEcuador, through the Suez-Ecuambiente consortium, obtained cross-border permits from Panama and France, as well as authorization from the Ministry […]
Intl Team To Undertake Payara Contract Review
(Guyana Ministry of Natural Resources, 15.Aug.2020) — The Ministry of Natural Resources recently announced the review of the Esso Exploration and Production Guyana Limited’s (EEPGL) […]
Equatorial Guinea’s Govt, And Prime Minister Resign
(Reuters, 15.Aug.2020) — The government and prime minister of Equatorial Guinea tendered their resignation on Friday to President Teodoro Obiang, who said they had not […]
Exxon Blames COVID-19 For Not Meet Flaring Deadline
(Kaieteur News, 14.Aug.2020) — Even though it told the Environmental Protection Agency (EPA) that it would bring an end to flaring today, it appears that […]
Joint Support Declaration For Change In Venezuela
(US State Department, 14.Aug.2020) — The text of the following declaration was released by several members of the Lima Group, the International Contact Group, the […]
Payara Approval Will Not Be Rushed: Bharrat Says
(Kaieteur News, 14.Aug.2020) — Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project within a reasonable timeframe, […]
Guyana Pushes Exxon For Gas-generated Electricity
(DemeraraWaves, 14.Aug.2020) — The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and […]
Petrobras Starts Thermal Power Plant Binding Phase
(Petrobras, 14.Aug.2020) — Petrobras, following up on the press release disclosed on 15 June 2020, announces the beginning of the binding phase regarding the sale […]
Trafigura Wins Tender For 6.5 MMbbls Of Oriente Oil
(Energy Analytics Institute, 14.Aug.2020) — Ecuador’s state oil company EP PetroEcuador awarded the third spot market sale of 2020 for a volume of 6,480,000 barrels […]
YPF Comments On Refinería del Norte SA
The report includes an opinion relating to provision agreements for transportation, storage and dispatch services by multi-pipeline and fuel transportation services with Refinería del Norte SA, YPF Market Relations Officer Santiago Wesenack said.
US Seizes 4 Iranian Tankers Destined For Venezuela
(US Dept. of Justice, 14.Aug.2020) — The Justice Department today announced the successful disruption of a multimillion dollar fuel shipment by the Islamic Revolutionary Guard […]
ExxonMobil Secures Another LT Vaca Muerta Concession
(Argus, 14.Aug.2020) — ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the […]
TTNGL: Condensed Interim Financial Statements
(TTNGL, 14.Aug.2020) — The 2019 novel coronavirus disease (Covid-19) pandemic has ravaged the worldwide economy and reduced economic activity has resulted in changes to the […]
ENDE Oruro Reports Attack Of Pairumani Power Station
(Energy Analytics Institute, 14.Aug.2020) — Bolivia’s National Electricity Company, through its subsidiary ENDE Oruro S.A., reported 14 August 2020, at around 9 p.m., that groups […]
Petrobras Inks Charter Deal For Mero 3 FPSO
(Petrobras, 14.Aug.2020) — Petrobras signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and […]
US Seizes Iranian Vessels Heading For Venezuela
(Aljazeera, 14.Aug.2020) — American officials tell AP Trump administration seized cargo of four tankers transporting Iranian fuel to Venezuela. The United States seized the cargo […]
Quality Issues Add Delays To Venezuela’s Oil Exports
(Reuters, 13.Aug.2020) — Crude exports from Venezuela are facing growing delays due to excess water and other impurities in cargoes loaded at state-run PDVSA’s main […]
Payara, Payara, Payara!
(Kaieteur News, 13.Aug.2020) — Payara will be proof and pave the way. Payara could be the first plank toward petroleum prosperity. That delay pending review […]
Officials: US Seizes Iranian Oil Heading For Venezuela
(AP, 13.Aug.2020) — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said […]
Venezuela’s Maduro doubling down on earnings from illicit means
HOUSTON, TEXAS (Ian Silverman and Piero Stewart, Energy Analytics Institute, 13.Aug.2020, Words: 966) — Venezuela’s President Nicolas Maduro is doubling down on earning money through […]
GeoPark To Release Block 64 Back To PetroPeru
(Energy Analytics Institute, 13.Aug.2020) — PetroPerú S.A. agreed to accept the transfer of GeoPark Peru S.A.C.’s 75% interest in the license agreement for Block 64; […]
Venezuela Is Boosting Oil Exports As Output Plummets
(Bloomberg, 13.Aug.2020) — Exports of crude oil, the commodity that bankrolls the regime of President Nicolas Maduro, are set to reach a four-month high of […]
ExxonMobil Holding Out For Approval Of Payara Project
(Stabroek News, 13.Aug.2020) — On the heels of President Irfaan Ali’s announcement on Tuesday that the Payara project approval will have to wait on an […]
PPSA Sale Plan Stokes Oil Contract Debate
(Argus, 12.Aug.2020) — The Brazilian government’s plan to sell state-owned pre-salt marketing company PPSA has stalled amid congressional foot-dragging over a change in pre-salt contract […]
Nigeria Convicts First Pirates Under New Maritime Law
(Reuters, 12.Aug.2020) — A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world’s shipping fleets that legal reforms […]
Guyana’s Natural Resources Min. Bharrat Tours NRE
(DPI, 12.Aug.2020) — Minister of Natural Resources, Hon. Vickram Bharrat, this morning visited the Ministry of Natural Resources Annex where he toured the facility and […]
Payara Permit Approval On Hold Until Expert Found
(Stabroek News, 12.Aug.2020) — In a key oil sector decision, President Irfaan Ali last evening said that his government is lobbying for technical and financial […]
PDVSA Takes Another Stab At Replenishing Gasoline
(Argus, 12.Aug.2020) — Venezuelan state-owned PdV plans to restart gasoline production in 10-15 days at its 940,000 b/d CRP refining complex after restarting two crude […]
Colombian Oil Major Reports Surprise Profits
(Oilprice.com, 12.Aug.202) — The March 2020 oil price crash and COVID-19 pandemic has hit the global energy sector hard. In response oil companies are slashing […]
Oil Spill In Venezuela Stains Caribbean Beaches
(AP, 12.Aug.2020) — An oil spill in Venezuela has coated a stretch of the crisis-wracked nation’s Caribbean coastline, treasured for its white sand beaches, clusters […]
How Venezuela Lost Three Oil Supertankers
(Reuters, 11.Aug.2020) — A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American […]
Agbami Key Sticking Point In OPEC+ Compliance
(Argus, 11.Aug.2020) — Nigeria’s full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light […]
Guyana’s Natural Resources Minister Visits MNR Agencies
(DPI, 11.Aug.2020) — Solidifying his intention of having a hands-on approach with the Ministry of Natural Resources and its agencies, the Minister of Natural Resources, […]
Venezuela Oil Spill Reaches Morrocoy Beaches
(Energy Analytics Institute, 11.Aug.2020) — An oil spill said to have occurred at El Palito refinery, owned and operated by Venezuela’s state oil company Petroleos […]
Mexico’s Lopez Wants Plan To Execute Energy Vision
(Reuters, 11.Aug.2020) — Mexico’s president has given officials until late September to craft a plan to reassert state control over the energy industry as an […]
Pampa Energía’s Financial Results Thru 30 June 2020
(Pampa, 11.Aug.2020) — Pampa Energía S.A., the largest independent energy integrated company in Argentina, with active participation in the country’s electricity and gas value chain, […]
Guyana Could Clear ExxonMobil’s Payara Project
(Argus, 11.Aug.2020) — Guyana’s new government will decide by the end of August whether to approve ExxonMobil’s 220,000 b/d Payara project, natural resources minister Vickram […]
Suriname Election Soothes Investor Nerves
(Petroleum Economist, 11.Aug.2020) — The small Latin American nation of Suriname is poised for profound change. Revenues from major offshore oil discoveries announced this year […]
Guyana Poised To Clear Exxon’s Payara Oil Deal
(Seeking Alpha, 11.Aug.2020) — Guyana’s new government will decide by the end of August whether to approve Exxon Mobil’s 220K bbl/day Payara project, the country’s […]
LNG Vessel Completes 10,000th Neopanamax Transit At Panama Canal
(Panama Canal Authority, 11.Aug.2020) — The Panama Canal welcomed the 10,000th Neopanamax vessel through the Expanded Canal on Monday, marking a new milestone for the […]
Petrobras On Expressing Interest In Colombian Assets
(Petrobras, 11.Aug.2020) — Petrobras, following up on the release disclosed on 27 July 2020, regarding the sale of its entire stake in the exploratory portion […]
Petrobras Releases Santos Basin Teaser
(Petrobras, 10.Aug.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake […]