(Reuters, 31.Mar.2020) — The coronavirus pandemic has roiled markets and eroded demand for crude around the world, with Mexico’s main export falling to levels last […]
Chevron’s Venezuela Oil JVs Cut Fieldwork
(Reuters, 31.Mar.2020) — Chevron Corp’s joint ventures with Venezuelan state oil company Petroleos de Venezuela have cancelled service contracts and procurement processes in recent weeks, […]
Maduro Highlights Need To Stabilize Oil Market
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) […]
Kremlin Fights US Sanctions, Backs Maduro
(Bloomberg, 30.Mar.2020) — The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but […]
McDermott Awarded Contract By BHP
(McDermott, 30.Mar.2020) — McDermott International, Inc. has been awarded a sizeable* contract by BHP Billiton Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) […]
COP’s Exploration Strategy From Norway To Argentina
(ConocoPhillips, 30.Mar.2020) — ConocoPhillips’ exploration strategy emphasized flexibility and discovering new barrels accretive to its existing portfolio. The company’s 2019 exploration focused on select business […]
Venezuela’s Oil Output Falls To Five-month Low
(Reuters, 30.Mar.2020) — Venezuela’s crude production ended last week at around 670,000 barrels per day (bpd), according to documents seen by Reuters and two people […]
Petrobras BODs To Postpone Remunerations
(Petrobras, 30.Mar.2020) — Petrobras reports its Board of Directors has decided to join the initiative of the company’s Executive Board and approved the postponement of […]
Caribbean Facing Less Bright Future For Oil And Gas
(Jamaica Gleaner, 29.Mar.2020) — Just a few weeks ago it was possible for Trinidad & Tobago’s Prime Minister, Dr Keith Rowley, to indicate in a […]
Tullow’s Performance For 2019 Was “Disappointing”
(Kaieteur News, 29.Mar.2020) — The Executive Board for British exploration company, Tullow is disappointed with the operational and financial performance as well as the overall […]
PetroPeru Continues Ops Amid Coronavirus Pandemic
(Energy Analytics Institute, Ian Silverman, 29.Mar.2020) — Personal with PetroPeru at the company’s Talara installations and others in Peru continue to work 24 hours a […]
Ecopetrol: 2019 Earnings Distribution
(Ecopetrol, 28.Mar.2020) — Ecopetrol S.A. informs that the ordinary General Shareholders’ Meeting, held on March 27, 2020, approved the earnings distribution proposal presented for their […]
Rosneft’s Venezuelan Oil Loads Cancelled – Data
(Reuters, 28.Mar.2020) — Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on […]
Rosneft To Sell Venezuela Operations To Russian Gov’t
(S&P Global Platts, 28.Mar.2020) — Russia’s largest crude producer Rosneft said Saturday it is ceasing operations in Venezuela and selling all assets related to activities […]
Rosneft Sells Its Venezuelan Assets
(Rosneft, 28.Mar.2020) — Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft […]
Mexico’s Oil Export Price Down To $13.01/bbl – Pemex
(Reuters, 27.Mar.2020) — The price of Mexico’s oil export basket fell to $13.01 per barrel on Friday, down 11.32% from $14.67 per barrel the previous […]
Falling LatAam Fuel Demand Leaves Hurt US Refiners
(Reuters, 27.Mar.2020) — Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary […]
Petrobras Reports On New Candidates
(Petrobras, 27.Mar.2020) — Petrobras reports that has received the nomination of one more name for the Board of Directors. Thus, pursuant to the CIRCULAR LETTER/CVM/SEP/Nº02/2020, […]
Which Supply Is Most At Risk Of Shut-in?
(WoodMac, 27.Mar.2020) — The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly […]
Citgo Foundation To Support Covid-19 Efforts In Venezuela
(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small […]
Petrobras’ Divestment Push Challenged By Oil Price War
(Reuters, 26.Mar.2020) — A move by Brazil’s Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with […]
Petrobras Cuts Capex, Output By 100,000 B/D
(Petrobras, 26.Mar.2020) — Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the […]
EP PetroEcuador Reinforcing Security Measures At El Chorrillo
(Energy Analytics Institute, Piero Stewart, 26.Mar.2020) — EP PetroEcuador is reinforcing security measures at its facilities to face the country’s health emergency, including measures at […]
Belov Engenharia To Operate Dive Vessels For Petrobras
(Robert Allan, 26.Mar.2020) — A renewed wave of investments in the Brazilian offshore industry has appeared on the horizon kindling the demand for new highly […]
Touchstone Updates On Trinidad Operations
(Touchstone, 26.Mar.2020) — Touchstone Exploration Inc. reports its operating and financial results for the three months and year ended December 31, 2019. Selected information is […]
Canadian Solar Reports Financial Results
(Canadian Solar, 26.Mar.2020) — Canadian Solar Inc. announced its financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter 2019 […]
Brazil’s Petrobras On Dividend Payment
(Petrobras, 26.Mar.2020) — Petrobras informs that its Board of Directors, in a meeting held yesterday, approved the change in the date of payment of the […]
Ecopetrol General Shareholders’ Meeting
(Ecopetrol, 25.Mar.2020) — In accordance with the authorizations and recommendations provided by the Colombian Financial Superintendence and the Superintendence of Companies, the President of Ecopetrol […]
CNOOC: Production And Reserves Hit Record
(CNOOC, 25.Mar.2020 — CNOOC Limited announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Limited has achieved remarkable results, […]
YPF Inks Deals With Ministries For Truckers
(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2020) — YPF President Guillermo Nielsen signed an agreement with the representatives from Argentina’s ministries of Transportation, Security, Health, Interior […]
Petrobras BODs Oks Creation Of Logistics Office
(Petrobras, 25.Mar.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the creation of the Logistics Office and the election […]
YPF Head Warns Of Difficult Times
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2020) — The effects of social, preventive and compulsory isolation are beginning to be reflected in the drop in energy […]
Guyana’s New Oil Economy Under Pressure
(Bloomberg, 24.Mar.2020) — When Exxon Mobil Corp. came to Guyana, the US oil giant brought with it the promise of extraordinary economic growth. Now the […]
Fuel Trickling Into Venezuela, Oil Loading
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed […]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances […]
First Quantum Eyes Stake Sale In Panama Mine
(Reuters, 24.Mar.2020) — Miner First Quantum Minerals FM.TO is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two […]
Sempra’s Virtual Investor Day Focuses On Resilience
(Sempra, 24.Mar.2020) — Sempra Energy’s senior management team is providing an update on the company’s business strategy on an Investor Day conference call, including details […]
LNG Exports Sink In Quarantined Peru
(Argus, 24.Mar.2020) — Peru’s natural gas production has been steadily declining and the Peru LNG plant has been idle since the government issued a national […]
Libre Abordo To Take Up To 15mn Bbls Of Venezuelan Oil
(Reuters, 24.Mar.2020) — Mexico’s Libre Abordo and a related company plan to take some 15 million barrels of Venezuelan crude as part of a first […]
Talos Energy Reports Budget Reductions
(Talos, 23.Mar.2020) — Talos Energy Inc. announced updated full year 2020 financial guidance, inclusive of $170 million of reductions in capital, operating and G&A expenses. […]
Frontera Responds To Lower Oil Price Environment
(Frontera, 23.Mar.2020) — Frontera Energy Corporation announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes […]
China’s Oil Reserves To Reach 1.15bn Barrels In 2020
(WoodMac, 23.Mar.2020) — Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, […]
Staatsolie Issues $195mn International Bond
(Staatsolie, 23.Mar.2020) — Staatsolie Maatschappij Suriname N.V. issued a US$ 195 million bond in Suriname and Curaçao on 23 March 2020. This bond issuance is […]
US Targets Maduro Regime With Fresh Charges
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) — Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire […]
Tullow Writes Off Jamaican Oil Exploration Licence
(Jamaica Gleaner, 20.Mar.2020) — Tullow Oil Plc has fully written off its oil exploration licence for the Walton-Morant Basin offshore Jamaica, on which it has […]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices […]
Pemex Vulnerable To Oil Prices Below $20/bbl: Fitch
(Reuters, 20.Mar.2020) — Mexico’s heavily-indebted state oil company Petroleos Mexicanos is increasingly vulnerable to low crude prices as the fast-spreading coronavirus outbreak erodes demand and […]
IMF Managing Dir. Kristalina Georgieva On Argentina
(IMF, 20.Mar.2020) — At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical […]
Pemex’s Maya Crude Reverses Gains: Platts
(Reuters, 20.Mar.2020) — The official selling price of Mexican state-run oil company Pemex’s flagship Maya heavy crude for U.S. Gulf Coast delivery fell by $2.89 […]