(Energy Analytics Institute, Jared Yamin, 20.Mar.2020) — Mexico’s National Hydrocarbons Commission (CNH) announced updates on three resolutions affecting Total E&P México, S.A. de C.V., Servicios […]
YPF Suspending Noncritical Activities
(Reuters, 20.Mar.2020) — Argentine state-run energy firm YPF said on Thursday it will gradually suspend activities not critical to its business, and will scale down […]
US Calls For Humanitarian Release Of Citgo 6
(Energy Analytics Institute, Piero Stewart, 19.Mar.2020) — The US calls for humanitarian release of wrongfully detained Americans in Venezuela. © Energy Analytics Institute (EAI). All […]
Industry Slashes Spending As Price Rout Deepens
(WoodMac, 19.Mar.2020) — Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape […]
Caricom On Withdrawal Of Team From Guyana
(Caricom, 18.Mar.2020) — The Caribbean Community (CARICOM) deeply regrets that it has been forced to withdraw the independent High Level Team it fielded on Saturday, […]
Petrobras On Espírito Santo Basin E&P Assets
(Petrobras, 18.Mar.2020) — Petrobras, following up on the release dated 15 January 2020, announces the beginning of the binding phase regarding the sale of its […]
Petrobras On Gaspetro’s Non-binding Phase
(Petrobras, 18.Mar.2020) — Petrobras, following up on the press release disclosed on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras […]
Commonwealth Group Comments On Guyana
(Commonwealth, 18.Mar.2020) — The Commonwealth Observer Group to the 2 March 2020 General and Regional Elections was constituted and deployed by the Commonwealth Secretary-General, Patricia […]
EP Petroecuador Says Activities Normal
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador announced 18 March 2020 in an official statement that it guarantees normal […]
PetroEcuador Implementing Coronavirus Protocols
(Energy Analytics Institute, Piero Stewart, 18.Mar.2020) — Ecuador’s state oil company EP PetroEcuador has begun to implement office protocols to reduce the spread of coronvirus. […]
Gunvor Awarded Nafta Import Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 18.Nov.2020) — Ecuador’s state oil company EP PetroEcuador awarded the company Gunvor S.A. a deal for the importation of 590,000 […]
YPF Reports Record One Day Fractures
(Energy Analytics Institute, Aaron Simonsky, 18.Mar.2020) — Argentina’s state oil company YPF announced positive results in regards its development of the country’s Vaca Muerta unconventional […]
Hess Cuts CAPEX, Focuses On Guyana
(WorldOil, 17.Mar.2020) — Hess Corporation announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of […]
Oil Drop Could Cut 20% Off Exploration Budgets
(Reuters, 17.Mar.2020) — The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged […]
Columbus Ops In Trinidad Unaffected By Covid-19
(Alliance News, 17.Mar.2020) — Columbus Energy Resources PLC on Tuesday said operations in Trinidad are “largely unaffected” and remain open. The oil & gas producer […]
Petrobras Reduces Workforce Amid Virus
(S&P Global Platts, 17.Mar.2020) — Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and […]
Ecopetrol Cuts CAPEX And Other Expenses, Costs
(Ecopetrol, 17.Mar.2020) — Ecopetrol S.A. informs that in an extraordinary session held on March 16, its Board of Directors adopted a set of actions to […]
Sempra Energy To Webcast Investor Day
(Sempra, 17.Mar.2020) — Sempra Energy‘s senior management team will provide an update on the company’s business strategy and financial goals on an Investor Day conference […]
Guyana’s Oil-soaked Election Heads For Recount
(Axios, 16.Mar.2020) — Guyana’s March 2 election came while the country is on the cusp of a transition from relative poverty to newfound wealth — […]
Methanex Cut Production In Trinidad And Chile
(Methanex, 16.Mar.2020) — Methanex Corporation has idled its Titan plant in Trinidad effective today and will idle its Chile IV plant effective April 1, 2020. […]
Economic Fallout From Virus Felt In Venezuela
(ABC News, 16.Mar.2020) — Nicolás Maduro’s government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying […]
EOG Resources Updates 2020 Capital Plan
(EOG, 16.Mar.2020) — EOG Resources, Inc. updated its full-year 2020 capital plan as a result of the significant decline and increased volatility of commodity prices. […]
PetroPar Launches Free Alcohol Initiative
(Energy Analytics Institute, Ian Silverman, 14.Mar.2020) — Paraguay’s state oil company PetroPar launched an initiative to provide free alcohol at its petrol stations across the […]
Ecuador Issues Sanitary Emergency Decree
(Energy Analytics Institute, Piero Stewart, 14.Mar.2020) — Ecuador’s government has issued a sanitary emergency decree in response to the coronavirus pandemic, according to details revealed […]
Joint Statement From Int’l Observers In Guyana
(The Carter Center, 13.Mar.2020) — The international observer missions from the Commonwealth, the European Union, and The Carter Center issue the following statement: The international […]
Vitol Negotiates Venezuela Oil Purchase
(Oilprice.com, 13.Mar.2020) — The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm […]
Petrobras Releases Teaser For Sale Of Wind Farms
(Petrobras, 13.Mar.2020) — Petrobras has started the disclosure stage for this opportunity (teaser) in relation to the joint sale of all its shares in the […]
OTC 2020 Houston Postponed
(OTC, 13.Mar.2020) — The Offshore Technology Conference (OTC) recognizes the unprecedented global challenge associated with the current COVID-19 pandemic. The health and safety of our […]
Caricom Comments On Guyana Elections
(Caricom, 12.Mar.2020) — Caricom released a press statement by the groups Chairman Prime Minister Mia Mottley of Barbados following a two-day visit to Guyana. BY […]
Maduro Suggests OPEC, OPEC+ Discuss Oil Market
(Energy Analytics Institute, Piero Stewart, 12.Mar.2020) — Venezuela’s President Nicolas Maduro has suggested that members of OPEC and OPEC+ return to discussions about balancing the […]
Armando Zamora To Head Colombia ANH
(ANH, 12.Mar.2020) — Colombia’s National Hydrocarbon Agency or ANH announced appointment of Armando Zamora Reyes as its new president, replacing Luis Miguel Morelli. Zamora, a […]
Nynas Applies For Company Reorganization
(Nynas, 12.Mar.2019) — Nynas AB (publ) has today filed for company reorganisation at Södertörn’s District Court. Nynas loans have not been extended by the banks. […]
Gran Tierra Revises 2020 Capital Program
(Gran Tierra, 12.Mar.2020) — Gran Tierra Energy Inc. announced revisions to its 2020 capital program in response to recent commodity price volatility. All dollar amounts […]
Bioenergy Gets Restructuring Authorization
(Ecopetrol, 12.Mar.2020) — Ecopetrol S.A. published the release from its subordinate Bioenergy S.A.S, that together with Bioenergy Zona Franca S.A.S., were admitted in the reorganization […]
Petrobras Cuts Gasoline Prices By Near 10%
(Reuters, 12.Mar.2020) — Brazil’s state-controlled oil company Petrobras cut gasoline prices at refineries in the country by almost 10% on Thursday, the first cut since […]
Pemex Received First Payment From Its Hedge
(Bloomberg, 12.Mar.2020) — Petroleos Mexicanos received its first payment from its annual oil hedge, as prices fell the most in three decades amid a producer […]
Pemex Receives First Oil Hedge Payout
(Reuters, 12.Mar.2020) — Mexican state oil firm Pemex said on Thursday it had received the first payment from a hedging program protecting its revenue from […]
PDVSA Partners Fret Over Managerial Vacuum
(Argus, 12.Mar.2020) — A presidential commission tasked with reorganizing Venezuela’s state-owned PdV is sowing confusion among the oil company’s joint venture partners over who is […]
Venezuela Discussing Oil Prices With OPEC, Russia
(TASS, 12.Mar.2020) — Venezuelan authorities are discussing the situation with the oil price collapse with OPEC and Russia, President Nicolas Maduro said on Thursday at […]
Mexico’s Oil Hedge Just Saved Its Economy
(Oilprice.com, 11.Mar.2020) — Petroleos Mexicanos has been in an unrelenting downward spiral for decades. Pemex, Mexico’s state-owned oil company, has seen a vast and speedy […]
CARICOM PMs To Make Post-Elections Visit To Guyana
(Barbados Office of the Prime Minister, 11.Mar.2020) — Prime Minister Mia Amor Mottley will lead a delegation of regional Prime Ministers on a special two-day […]
China “Teapot” Refiners Crank Up Run Rates
(Reuters, 11.Mar.2020) — China’s independent oil refiners are cranking up production as local governments begin to relax strict measures to contain the coronavirus and fuel […]
Guyana Extends Search For Agent To Sell Govt’s Oil
(Reuters, 11.Mar.2020) — Guyana has extended the initial deadline in its search for an agent to market its share of oil produced by an Exxon […]
EP PetroEcuador GM Visits Balao Maritime Terminal
(Energy Analytics Institute, Piero Stewart, 11.Mar.2020) — EP PetroEcuador General Manager Pablo Flores supervised operations at the Esmeraldas Maritime Port and the Balao Maritime Terminal, […]
Petrobras Reports Record Production From Búzios
(Petrobras, 11.Mar.2020) — Petrobras reports that it achieved on March 10th a new production record in Búzios field, in the Santos Basin pre-salt: 640 thousand […]
TouchStone Reports Results of Cascadura Well
(March 11, 2020) — Touchstone Exploration Inc. provided an exploration update, highlighted by an update on production testing of the Cascadura-1ST1 liquids rich gas discovery […]
Mexico Seeks To Mediate Russia, Saudi Arabia Oil Row
(Reuters, 10.Mar.2020) — Mexico and other nations are seeking to mediate between Russia and Saudi Arabia to end a price war that has battered world […]
Atlas And Anglo American Ink Solar Energy PPA
(Atlas, 10.Mar.2020) — Atlas Renewable Energy, a leading renewable energy company in Latin America along with British mining company Anglo American Plc, a leading global […]
TT Energy Minister: We Could Be Hurt Severely
(CNC3, 10.Mar.2020) — Energy Minister Franklin Khan has admitted that if the ongoing price-war between Saudi Arabia and Russia continues for a prolonged period this […]
Pampa Reveals Conference Call Details
(Pampa Energía, 10.Mar.2020) — Pampa Energía S.A. announced it would hold a conference call to discuss its Q4 19 results on Wednesday 11 March 2020 […]