(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]
PetroEcuador Monitoring Emissions At Esmeraldas
(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide […]
Gastech To Host Virtual Conference In 2020
(Energy Analytics Institute, Jared Yamin, 30.May.2020) — Gastech 2020 will now take place virtually, from 7-11 September 2020, with strategic and technical conference content streamed […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation […]
Petrobras Concludes Sale Of Seven Onshore Fields
(Petrobras, 29.May.2020) — Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven […]
US Senators Expected To Sanction Nord Stream 2
(Reuters, 29.May.2020) — Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying […]
Tanker Petunia Accompanied By Air Force
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced […]
Tanker Faxon Docks At Guaraguao Complex
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in […]
US Threatens Sanctions to Deter Iranian Tankers
(Dow Jones, 29.May.2020) — U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two […]
Petrobras Opens Access To Gas Processing Units
(S&P Global Platts, 29.May.2020) — Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in […]
Financing For Development During Era Of COVID-19
(IMF, 28.May.2020) — Opening remarks from International Monetary Fund (IMF) Managing Director Kristalina Georgieva at an United Nation event on financing for development in the […]
Iran’s 4th Fuel Tanker Nears Venezuelan Waters
(Fars News Agency, 28.May.2020) — Iran’s fourth tanker full of gasoline has entered the Caribbean and is close to the Venezuelan territorial waters. Venezuelan armed […]
First Semi-submersible Floating Wind Farm Sets Sail
(Repsol, 28.May.2020) — The WindFloat Atlantic project is taking one of the final steps towards becoming fully operational. The last of the three pre-assembled wind […]
Maduro Considers Charging Citizens More For Petrol
(Al Jazeera, 28.May.2020) — Venezuela’s president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela’s President Nicolas Maduro […]
Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative
(Fitch Ratings, 28.May.2020) — Fitch Ratings has affirmed Raizen Combustiveis S.A.’s and Raizen Energia S.A.’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at […]
Q&A: PdV Exile Board Has ‘Levers’ To Keep Citgo
(Argus, 28.May.2020) — Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela’s state-owned PdV. Appointed by the […]
Environment Group Calls On Exxon To Cease Gas Flaring
(Stabroek News, 28.May.2020) — As ExxonMobil yesterday continued to play up its Guyana investments at its virtual Annual Meeting of shareholders, global environmental and human […]
BP Licenses PTA technology To Dongying Weilian
(BP, 28.May.2020) — Weilian Chemical is a subsidiary of Dongying United Petrochemical Co., Ltd, one of the leading manufacturers and distributors of petroleum and petrochemical […]
Petrobras To Offer Third-party Access To Gas Plants
(Argus, 28.May.2020) — Brazil’s state-controlled Petrobras is opening its natural gas-processing plants to third parties, another step toward opening the country’s gas market to greater […]
Petrofac Secures Iraq Extension With Basra
(Petrofac, 28.May2020) — Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing […]
Op-Ed: My Love Affair With Tulsa University
(Gustavo Coronel, 27.May2020) — An April morning in 1951, I left New York City for Tulsa, Oklahoma. I had been studying English for 15 weeks […]
Maduro Sends Iranian Oil To Cuba
(Panam Post, 27.May.2020) — A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the […]
Petrobras Announces Global Bond Offering
(Petrobras, 27.May.2020) — Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) plans to offer one or more series of bonds in the […]
Maduro Vows To Raise Venezuelan Gasoline Price
(Reuters, 27.May.2020) — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing […]
Petrobras Prices Two Global Notes For $3.3bn
(Petrobras, 27.May.2020) — Petrobras announces the pricing of two series of global notes denominated in US Dollars to be issued by its wholly-owned subsidiary Petrobras […]
Prelim Results: Opposition Winning Suriname Election
(AP, 27.May.2020) — Suriname’s main opposition party is poised to win the country’s general election, preliminary results showed on Wednesday, an outcome likely to end […]
Chilean Power Projects And Coronavirus: Fitch
(Fitch Ratings, 27.May.2020) — The economic contraction due to the coronavirus exacerbates the negative revenue effect of the rate freeze in place on Chilean power […]
LatAm Infrastructure Projects At Risk
(Fitch Ratings, 27.May.2020) — Latin American infrastructure projects face heightened risk of grantor payment delays driven by the increased pressure the coronavirus pandemic is placing […]
Third Iranian Fuel Cargo Approaches Venezuela
(Reuters, 26.May.2020) — The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday […]
Second Iranian tanker Forest reaches Venezuelan loading dock
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, Piero Stewart, 26.May.2020, Words: 76) — The Iranian tanker Forest docked at the Cardon refinery located in the […]
Iranian Tanker Fortune Docks In Puerto Cabello
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The Fortune Iranian fuel tanker reached Pier 4 of PDVSA’s El Palito Refinery located in Puerto Cabello in […]
Iranian Tanker Fortune Reaches Venezuela Waters
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and fuel additives, Fortune, has made it to Venezuela’s Exclusive […]
Mexico’s Registers $3.09bn April Trade Deficit
(Market Watch, 25.May.2020) — Mexico ran up a $3.09 billion trade deficit in April as the shutdown of many industries to counter the spread of […]
First Iranian Tanker Reaches El Palito Refinery
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and additives for making fuel from Iran to Venezuela has […]
Oil Minister Says Ecuador’s Production Recovering
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — Production from Ecuador’s state oil company PetroAmazonas EP and other private companies operating in the Andean country have […]
Exxon Gas Could Have Been Put To Good Use – Mangal
(Stabroek News, 25.May.2020) — ExxonMobil’s flaring of over nine billion cubic feet of natural gas could have been avoided had a proposed gas-to-shore pipeline project […]
Bouterse Seeks Another Term In Suriname
(AP, 25.May.2020) — Few leaders have the sort of shadows that hang over Suriname’s President Dési Bouterse, a former coup leader and strongman, convicted of […]
Maduro Thanks Iran For Tanker Shipments
(Energy Analytics Institute, Piero Stewart, 24.May.2020) — Venezuela’s President Nicolás Maduro announced gratitude to the Iran Republic for the shipments of gasoline and fuel additives […]
New Petro-state Guyana Lifts Second Oil Cargo
(Stabroek News, 23.May.2020) — Guyana has lifted its second one-million barrel cargo of crude oil entitlement from ongoing offshore production and the oil tanker Sonangol […]
Mexico To Remain In Opec+, No Output Cuts Planned
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. […]
Pemex Reiterates No Fracking Mandate
(Energy Analytics Institute, Jared Yamin, 22.May.2020) — Mexico’s state oil company Petróleos Mexicanos or Pemex announced it remains committed to not conducting fracking activities as […]
Argentina Defaults On Bonds As Debt Talks Heat Up
(Reuters, 22.May.2020) — Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said, marking the […]
PdV’s Board Of Exiles Loses Two Technocrats
(Argus, 21.May.2020) — Two members of the parallel board of Venezuela’s national oil company PdV have resigned, a development that exposes brewing frustration in the […]
Petrobras Updates On Colombian Asset Sale
(Petrobras, 21.May.2020) — Petrobras, following up on the press release disclosed on 03/06/20, informs that the non-binding phase related to the sale of 100% of […]
Shell Starts Drilling Saturn Offshore Block
(Reuters, 21.May.2020) — Royal Dutch Shell has begun drilling the Saturn block in the Santos pre-salt basin, the company’s Brazil chief said on Thursday, adding […]
Petrobras Approaching Pre-Crisis Refinery Runs
(Argus, 21.May.2020) — Brazil’s state-controlled Petrobras has further boosted refinery throughput in response to a pick-up in fuel demand, with utilization rates approaching the average […]
Suriname On Election’s Eve
(Nacla, 21.May.2020) — With Suriname headed to the ballots on May 25, President Bouterse may be facing his toughest election yet. Suriname is rarely in […]
Petrobras On Parque das Baleias Production
(Petrobras, 20.May.2020) — Petrobras informs that the Parque das Baleias Area reached today the mark of 1 billion barrels of oil produced. The Parque das […]
Frontera Announces Annual, Special Meeting Results
(Frontera, 20.May.2020) — Frontera Energy Corporation held its annual general and special meeting of shareholders, where each of the eight nominees proposed as directors and […]