(Talos, 22.Apr.2020) â Talos Energy Inc. intends to release first quarter 2020 results for the period ended March 31, 2020 on Wednesday 6 May 2020 […]
Exxon Among 34 Vying To Market Guyanaâs Oil
(Stabroek News, 22.Apr.2020) â Thirty-four companies have submitted expressions of interests (EOIs) to market Guyanaâs entitlement from the Exxon-operated Liza Destiny FPSO in the Stabroek […]
Chevron Barred From Drilling In Venezuela
(Reuters, 22.Apr.2020) â Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are âmothballedâ as the Trump administration […]
Ecopetrol On 2019 Earnings Distribution
(Ecopetrol, 22.Apr.2020) â Ecopetrol S.A. informs the ordinary General Shareholdersâ Meeting, held on 7 March 2020, approved the earnings distribution proposal presented for their consideration, […]
Core Lab Reports 1Q:20 Results
(Core Lab, 22.Apr.2020) â Core Laboratories N.V. reported that continuing operations resulted in first quarter 2020 revenue of $152,400,000. The financial results for the first […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) â Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regimeâs crumbling oil industry another blow […]
Over 30 Cos Vie For Guyana Oil Trading Contract
(Reuters, 21.Apr.2020) â More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and […]
Trump Tells Chevron To âWind Downâ In Venezuela
(AP, 21.Apr.2020) â The Trump administration on Tuesday ordered Chevron Corp. to âwind downâ operations in Venezuela by Dec. 1, barring the California-based oil giant […]
Brazilian Producer Appoints MiX To Monitor Its Fleets
(MiX, 21.Apr.2020) â MiX Telematics confirmed that one of Brazil’s largest ethanol and sugar producers have appointed MiX Telematics to assist in modifying driver behavior […]
Trinidad Monitoring Oil Prices On Global Market
(Jamaica Gleaner, 21.Apr.2020) â The Trinidad and Tobago Government Tuesday urged nationals not to panic as the oil-and-gas-rich country prepared to count the possible loss […]
Ecopetrol Files Form 20-F For Fiscal Year 2019
(Ecopetrol, 20.Apr.2020) â Ecopetrol S.A. announced filing of its annual report under Form 20-F for the fiscal year ended December 31, 2019 with the U.S. […]
How Will The Oil $$ Crash Affect Trinidad And Tobago?
(Trinidad Express, 20.Apr.2020) â History was created on the global oil market today when the price of the US benchmark, West Texas Intermediate, plunged into […]
Raizen Halts Crude Runs At Buenos Aires Refinery
(Argus, 19.Apr.2020) â Raizen has suspended operations at its 110,000 b/d Buenos Aires refinery in response to the plunge in oil demand caused by coronavirus […]
Petrobras Starts Papa-Terra Binding Phase
(Petrobras, 17.Apr.2020) â Petrobras, following up on the press release disclosed on 3 February 2020, announces that it has started the binding phase referring to […]
Petrobras Says S&P Maintains Scale Rating
(Petrobras, 17.Apr.2020) â Petrobras announces the rating agency S&P Global Ratings affirmed the âBB-â global scale rating for Petrobras, with a stable outlook. The stand-alone […]
Guyanaâs Oil Dream: A Tale Of Smoke And Mirrors
(Jamaica Gleaner, 17.Apr.2020) â Picture soaring sky-scrapers with glistening glass windows adorning cathedrals of steel that dominate the illuminated skyline. This image encapsulates the dreams […]
Petrobras Eyes Restart At Ships Hit By Coronavirus
(Reuters, 17.Apr.2020) â Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that […]
Fitch Downgrades PEMEX, CFE, IEnova And Cometa
(Fitch Ratings, 17.Apr.2020) â Fitch Ratings has downgraded the international Foreign- and Local-Currency Long-Term ratings for Petroleos Mexicanos (PEMEX), Comision Federal de Electricidad (CFE), Infraestructura […]
Moody’s Downgrades Pemex’s Ratings To Ba2
(Moodyâs, 17.Apr.2020 â Moody’s Investors Service (Moody’s) downgraded Petroleos Mexicanos’ (PEMEX) senior unsecured ratings on the company’s existing notes, as well as the ratings based […]
Petrobras Eyes Restart Oil Ships Hit By Coronavirus
(Reuters, 17.Apr.2020) â Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that […]
Arrow Energy Sanctions Surawat Gas Project
(Energy Analytics Institute, Jared Yamin, 16.Apr.2020) â Wood Mackenzie senior analyst Daniel Toleman comments on Arrow Energy’s announcement on the sanction of the Surawat Gas […]
Mexico’s New Oil Regulator Says Pemex JVs Likely
(Reuters, 16.Apr.2020) â The head of Mexico’s powerful oil regulator said state oil firm Pemex could seek new joint venture partnerships soon, despite President Andres […]
Gran Tierra Responds To Price Volatility, COVID-19
(Gran Tierra, 16.Apr.2020) â Gran Tierra Energy Inc. announced a business update regarding the Company’s proactive measures taken to protect its financial strength in response […]
Zahroof Valves Appoints Two New Hires For Latin America
(Zahroof, 16.Apr.2020) â Zahroof Valves, Inc. (ZVI) appointed Larry Lapko as Director of Business Development and Rodger Duke as its Regional Director, Latin America (LATAM). […]
Saudi OSPs For Oil Exports Bode Well For Asian Refiners
(WoodMac, 16.Apr.2020) â On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) â The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their […]
Chevron Sells Azerbaijan Assets To MOL Hungarian Oil And Gas
(Chevron, 16.Apr.2020) â Chevron Corporation announced its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the […]
WÀrtsilÀ Awarded LatAm Power Plant EPC Contracts
(WĂ€rtsilĂ€ Corp., 15.Apr.2020) â The technology group WĂ€rtsilĂ€ has been awarded full engineering, procurement, and construction (EPC) contracts for two power plants in Latin America. […]
El Palito Restart Sputters, Imports On Horizon
(Argus, 15.Apr.2020) â Venezuelan state-owned PdV’s failed effort to restart its 140,000 b/d El Palito refinery is aggravating a fuel deficit that is sparking sporadic […]
Argentina Sets Stage for Debt Offer With $50Bn Filing
(Bloomberg, 15.Apr.2020) â Argentina registered to issue more than $50 billion in new debt as it prepares to make a painful restructuring offer to holders […]
Brazil’s Petrobras Releases Tax Report For 2019
(Energy Analytics Institute, Aaron Simonsky, 15.Apr.2020) â Brazilâs state oil company Petrobras releases its 2019 tax report, showcasing its economic and social contributions. © Energy […]
Fitch Downgrades Mexico To ‘BBB-‘; Outlook Stable
(Fitch Ratings, 15.Apr.2020) â Fitch Ratings has downgraded Mexico’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BBB’. The Rating Outlook is Stable. […]
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
(Argus, 15.Apr.2020) â Ecuador’s oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned […]
Petrobras Begins Halting Ops At 62 Platforms
(Reuters, 15.Apr.2020) â Brazilâs state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the […]
Ecuador Oil Flow Falls, Pipeline Repairs Advance
(Argus, 15.Apr.2020) â Ecuador’s oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned […]
Guyana Needs Protection From Selling Oil At A Loss
(Stabroek News, 14.Apr.2020) â Before we approve Payara and Hammer-head, letâs renegotiate the contract to include control of how much oil is being pumped given […]
Echo Says Santa Cruz Sur Cash Outflows Reduced
(Echo Energy, 14.Apr.2020) â Echo Energy updated on its production and operations, and on progress in relation to cost reduction and cash management initiatives to […]
Brazil Battles Coronavirus Cases On Offshore Rigs
(Reuters, 14.Apr.2020) â There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently […]
MERNNR Extends Deadline For El Aromo, Villonaco
(Energy Analytics Institute, Piero Stewart, 14.Apr.2020) â Ecuador will extend the deadline for the submission of offers within the public selection processes for concession of […]
Pemex Platform Worker Infected With Coronavirus
(Reuters, 13.Apr.2020) â At least one worker at Mexican state oil company Pemexâs Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has […]
Mexico Agrees To Reduce Oil Production By 100,000 B/D
(Energy Analytics Institute, Piero Stewart, 13.Apr.2020) â Mexico plans to reduce its oil production by 100,000 barrels per day, according to discussions with members of […]
COVID-19 Pandemic Delays Auctions In Brazil
(GlobalData, 13.Apr.2020) â The Ministry of Mines and Energy (MEM) in Brazil, has indefinitely postponed the national energy generation and transmission auctions that were scheduled […]
CSI Compressco Provides Financial And Ops Update
(CSI, 13.Apr.2020) â CSI Compressco LP announced that, in light of the current, significant macroeconomic uncertainty resulting from the recent decline in oil prices and […]
OPEC And Non-OPEC To Cut Output By 9.7 MMb/d
(OPEC, 12.Apr.2020) â The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH […]
Barrancabermeja Unit Halted After Covid-19 Death
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) â Colombiaâs state oil company Ecopetrol was forced to halt work at its Barrancabermeja refinery due to the death […]
APPO Commits To Support OPEC+ Efforts
(OPEC, 11.Apr.2020) â The African Petroleum Producers’ Organization (APPO) has followed with keen interest the Meeting of the OPEC+ or Declaration of Cooperation Partners which […]
Venezuela Supports OPEC+ Market Plan
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) â Venezuela, not invited to participate in the OPEC+ discussions, continues to support the measures that intend to contribute […]
Venezuela’s Private Sector Wants Eased Import Rules
(Reuters, 10.Apr.2020) â Representatives of Venezuelaâs private oil service companies have proposed the government loosen restrictions on gasoline imports and sales, as the country faces […]
The Unexpected Holdout To A Global Oil Production Deal
(Bloomberg, 10.Apr.2020) â One of the most dramatic global oil production agreements in history has been left hanging on the approval of an unlikely character: […]
Argentinaâs Shale Boom On Hold As Oil Prices Collapse
(Oilprice.com, 10.Apr.2020) â Argentinaâs state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta […]