(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) — PetroPerĂş 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 EnergĂa’s Financial Results Thru 30 June 2020
(Pampa, 11.Aug.2020) — Pampa EnergĂa 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.
Fuel Issues Reported In Bolivia In La Paz And El Alto
(Energy Analytics Institute, 10.Aug.2020) — Issues with fuel supply have reportedly emerged in La Paz and El Alto as seen by long lines of vehicles […]
Saudi Arabia Turns Off America’s Oil Taps Again
(Bloomberg, 9.Aug.2020) — The strategy worked wonders in 2017. It will be more challenging this time around unless the pandemic eases its grip on oil […]
Libya’s NOC Head Warns Of Potential Disaster At Ports
(S&P Global Platts, 9.Aug.2020) — The head of Libya’s state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the […]
Petrobras Comments On Record Diesel, Asphalt Sales
(Petrobras, 7.Aug.2020) — Petrobras achieved record sales for the S-10 Diesel in the Brazilian market. The Company sold 1.78 million mÂł, 12.7% higher than the […]
Petrobras On Mothballing Of The Merluza Platform
(Petrobras, 7.Aug.2020) — Petrobras’ Executive Board approved the mothballing of the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production […]
Petrobras Reveals Urucu Cluster Binding Phase
(Petrobras, 7.Aug.2020) — Petrobras, following up on the press release disclosed on 26 June 2020, informs the beginning of the binding phase, referring to the […]
Petrobras Starts Camamu Basin Binding Phase
(Petrobras, 7.Aug.2020) — Petrobras, following up on the release disclosed on 1 June 2020, announces the beginning of the binding phase regarding the sale of […]
CleanSpark And Sunshine Energy Ink Costa Rica Deal
(CleanSpark, 7.Aug.2020) — CleanSpark, Inc., a diversified software and services company and Sunshine Energy Corp., announce consummation of an exclusive partnership. The agreement allows Sunshine […]
JinkoSolar Reveals N-Type Tiger Pro 610W At SNEC 2020
(JinkoSolar, 7.Aug.2020) — JinkoSolar Holding Co., Ltd. launched its new generation of 610W Tiger Pro High-efficiency monocrystalline TR solar module and its BIPV solutions, Building […]
Petrobras Starts Sergipe-Alagoas Basin Binding Phase
(Petrobras, 7.Aug.2020) — Petrobras, following up on the press release disclosed on 29 June 2020, informs the beginning of the binding phase, referring to the […]
PDVSA Changes Deals To Add Shipping Amid Sanctions
(Reuters, 7.Aug.2020) — Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to […]
Trump Hits Wall With Bid To Place Ally At LatAm Bank
(Bloomberg, 7.Aug.2020) — Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. […]
Camisea Has Contributed Royalties Of $10.5bn
(Energy Analytics Institute, 7.Aug.2020) — Camisea has reportedly contributed $10.45bn in terms of royalties during the 16 years it has been operating in Peru, website […]
Total Closes Sale Of Non-Core Assets To NEO Energy
(Total, 6.Aug.2020) — Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy. […]
AES Corp. Reports 2Q:20 Financial Results
(AES, 6.Aug.2020) — The AES Corporation reported financial results for the quarter ended 30 June 2020. Strategic Accomplishments — During the second quarter, agreed to […]
US Charges Ex-Citgo Exec In Bribery Probe
(Reuters, 6.Aug.2020) — U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the […]
Guyana’s President Ali Swears In 19 Ministers
(Stabroek News, 6.Aug.2020) — Nineteen ministers were added to the administration of President Irfaan Ali yesterday and among them are some veterans who have served […]