(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 […]
Petrobras Pays R$950mn In Sete Brasil Dispute
(Petrobras, 10.Aug.2020) — Petrobras, following up on the release dated 29 July 2020, informs it paid Fundação Petrobras de Seguridade Social (Petros) R$ 950 million, […]
Guyana Mulls Absorbing Energy Dept Into Ministry
(Argus, 10.Aug.2020) — Guyana’s new natural resources minister is computer scientist Vickram Bharrat, a key appointment for the rapidly expanding oil sector. Bharrat, who is […]
AES Gener To Speed Up Payments For Two PPAs
(AES Corp., 10.Aug.2020) — AES Corporation’s subsidiary, AES Gener, reached an agreement for the early termination of two tolling agreements (Power Purchase Agreements, PPAs) with […]
Cameron LNG Reaches Full Commercial Operations
(Sempra LNG, 10.Aug.2020) — Sempra LNG, a subsidiary of Sempra Energy, announced the Cameron LNG export facility in Hackberry, Louisiana, has begun full commercial operations […]
Ecuador Applies Fuels Price Band
EP PetroEcuador will apply the fixation and publication of prices in Ecuador’s clean products terminals in compliance with executive decree no. 1054 of 19 May 2020, by means of which the “regulation of prices of petroleum derivatives” was amended.