(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after […]
Chesapeake Energy Files For Chapter 11
(WoodMac, 28.Jun.2020) — Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection today, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: […]
Guyana Oil Find Raises Stakes In Fraud Case
(Stabroek News, 27.Jun.2020) — Allegations of mass vote fiddling in the former British colony of Guyana may lead to the country’s discredited government being ostracised […]
Egypt, Ethiopia, Sudan Hope For Nile Dam Deal In Weeks
(Reuters, 27.Jun.2020) — Leaders of Sudan, Ethiopia and Egypt said they were hopeful that the African Union (AU) could help them broker a deal to […]
Petrobras Receives R$265mn Of Leniency Agreement
(Petrobras, 26.Jun.2020) — Petrobras announces that, following up to the release disclosed on 25 July 2019, it has received R$265mn related to the second installment […]
Petrobras On The New Code Of Ethical Conduct
(Petrobras, 26.Jun.2020) — Petrobras said its Board of Directors has approved the company’s new Code of Ethical Conduct. The document, which unites the Code of […]
19 Companies Short Listed To Market Guyana’s Oil
(Stabroek News, 26.Jun.2020) — The Ministry of the Presidency this morning said that nineteen companies have been shortlisted for the marketing of Guyana’s oil from […]
Argentina Puts Damper On Oil Demand, Production
(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, […]
YPF Issues Force Majeure Notice On Tango FLNG
(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter […]
Diego Mesa Named As Colombia’s New Mines, Energy Minister
(Energy Analytics Institute, 26.Jun.2020) — Colombia’s president Ivan Duque announced his naming of Diego Mesa as the country’s new Mines and Energy Minister, replacing María […]
Colombia’s May Production Of Gas Rises, Oil Falls
(Energy Analytics Institute, 25.Jun.2020) — Colombia’s production of natural gas was 938.7 million cubic feet per day (MMcf/d) in May 2020, up 13.5% sequentially from […]
PDVSA Weighs Plan To Pay For Refinery Work With Fuel
(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country’s refineries […]
Santiago Upgrades Transport With 355 Scania Buses
(Scania, 25.Jun.2020) — Scania has started the delivery of 355 Euro 6 buses for Santiago de Chile’s public transport system. Deliveries to the operator Express […]
Trinidad Cuts Oil, Gas Budget Price Assumptions
(Argus, 25.Jun.2020) — LNG exporter Trinidad and Tobago has reduced the crude and natural gas price assumptions in its national budget. According to the finance […]
Total And Sonatrach Extend Their LNG Partnership
(Total, 25.Jun.2020) — Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably […]
Total Reports Ramp-Up On Iara With Second FPSO
(Total, 25.Jun.2020) — Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), […]
Petrobras Starts Production In Atapu Pre-salt
(Petrobras, 25.Jun.2020) — Petrobras reports that it started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, […]
How Price Crash Changed The Upstream Sector?
(WoodMac, 24.Jun.2020) — According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry. Andrew Pearson, […]
Petrobras To Receive Offers For Bahia Refinery
(Reuters, 24.Jun.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of […]
Iran Sets Out Conditions For Renewed Talks With The US
(Argus, 24.Jun.2020) — Iranian president Hassan Rohani has reiterated Iran’s willingness to resume talks with the US, but only if Washington apologises for withdrawing from […]
Tankers With Venezuelan Oil Stuck At Sea
(Reuters, 24.Jun.2020) — Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to […]
Tankers With Venezuelan Oil Unable To Unload
(Sputnik, 24.Jun.2020) — Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging […]
Leaky Pipes Threaten Libya’s Oil Revival From War
(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s killed thousands and destroyed […]
US Sanctions On Iranian Tanker Captains
(Energy Analytics Institute, 24.Jun.2020) — The US, under Executive Order 13599, today said it is sanctioning five Iranian ship captains, who delivered approximately 1.5 million […]
Argentina Weighs New Price Subsidy, Freezes Gas Tariffs
(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the […]
Russia Backs Venezuela In Fight Against US
(Newsweek, 24.Jun.2020) — Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean […]
Braskem Completes Facility In La Porte, Texas
(Braskem, 24.Jun.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announces the construction completion of […]
Aker Solutions Awarded LOI For Breidablikk
(Aker, 24.Jun.2020) — Aker Solutions has been awarded a letter of intent from Equinor for the delivery of a subsea system for the Breidablikk project […]
Khiron Completes Solar Energy Park In Colombia
(Khiron, 24.Jun.2020) — Khiron Life Sciences Corp., a vertically integrated cannabis leader with core operations in Latin America and Europe, announces the completed installation of […]
Keith Rowley’s Address – Energy, Renewables Event
(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a […]
Petrobras Appoints Board Member Ruy Flaks Schneider
(Petrobras, 24.Jun.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mr. Ruy Flaks Schneider for the […]
Petrobras On Landulpho Alves refinery (RLAM) News
(Petrobras, 24.Jun.2020) — Petrobras, regarding to the news published in the media, clarifies that the date to receive the binding proposals for the divestment project […]
Petrobras On Deal With Sete Brasil
(Petrobras, 24.Jun.2020) — Petrobras, following up on the release disclosed on December 20, 2019, informs that its Executive Board approved a change in the deadline […]
Low Prices To Weigh On Investment In LatAm
(Reuters, 23.Jun.2020) — Foreign investment in Latin America risks “drying out” due to economic turmoil and fiscal instability sparked by the COVID-19 pandemic, especially if […]
Fiscal Effects Of Covid-19, Oil Could Last Years In Colombia
(Reuters, 23.Jun.2020) — The fiscal fallout of the coronavirus pandemic and low oil prices could affect Colombia for several years, Richard Francis, director of sovereign […]
Mexico Antitrust Body Takes On Govt Over Energy Policy
(Reuters, 22.Jun.2020) — Mexico’s antitrust regulator said on Monday it had filed a suit at the Supreme Court against the energy ministry, arguing that steps […]
JinkoSolar To Supply 60.9 MW To Hybrid Plant In Chile
(JinkoSolar, 22.Jun.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced that it will […]
Venezuela Wooed Texan Lawmaker To Ease Sanctions
(AP, 22.Jun.2020) — Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
Petrobras Comments On Partial Award In Arbitration
(Petrobras, 21.Jul.2020) — Petrobras, following up on the release dated 22 June 2020, filed a motion to vacate a partial arbitration award rendered in an […]
The Oil Nation Aiming To Emulate Guyana’s Success
(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established […]
Venezuela Wooed Texas Lawmaker To Ease Sanctions
(AP, 20.Jun.2020) — Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
End of Venezuela’s Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude […]
The Oil Nation Aiming To Emulate Guyana’s Success
(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established […]
End Of Venezuela’s Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude […]
Guaido Team Favoring COP In Citgo Fight: Update
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
Petrobras Releases Shallow Water E&P Teaser
(Petrobras, 19.Jun.2020) — Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Atum, […]
Guaido Team Favoring COP In Citgo Fight
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
Opposition Asks Court To Recognize Citgo Changes
(Argus, 18.Jun.2020) — Venezuelan ownership of the country’s most valuable overseas asset may rest on opposition leadership convincing a US court that it restored refiner […]
ExxonMobil Restores Guyana Oil Production
(Argus, 18.Jun.2020) — ExxonMobil has restored crude production offshore Guyana to 80,000 b/d after correcting a technical glitch, according to the head of the country’s […]
US Sanctions Mexican Cos. Helping Venezuelan Oil
(Bloomberg, 18.Jun.2020) — The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements […]