Energy Analytics Institute (EAI)

Pemex Posts Steep 2019 Loss In Blow To AMLO’s Plan

(Reuters, 27.Feb.2020) — Petroleos Mexicanos posted a $18.3 billion net loss for 2019 on Thursday, nearly doubling the previous year’s loss and dealing a major […]

Make The Future Returns For Shell Eco-Marathon

(Shell, 27.Feb.2020) — Shell Oil Company, in conjunction with Sonoma Raceway and Speedway Motorsports, announced Make the Future Live California featuring Shell Eco-marathon Americas will […]

Coronavirus’ Greatest Upstream Impact: On Prices

(WoodMac, 27.Feb.2020) — The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only […]

Sempra Energy Declares Dividends

(Sempra, 25.Feb.2020) — Sempra Energy’s board of directors has declared a $1.045 per share quarterly dividend on the company’s common stock, which is payable April […]

Misleading Expectations: Guyana’s Oil Bonanza

(Trinidad & Tobago News, 25.Feb.2020) — In a Statement delivered at the Opening of the Energy Conference recently Prime Minister Dr Keith Rowley dishonestly sought […]

LONGi Inaugurates 191MW Pachamama PV Power Plant

(LONGi Solar, 25.Feb.2020) — Invested by French solar energy firm Neoen, the Pachamama photovoltaic power plant, located in the state of Aguascalientes in central Mexico, […]

Ecopetrol Presents 4Q:19 And YE:19 Operations Results

(Ecopetrol, 25.Feb.2020) — Ecopetrol S.A. announced the Business Group’s 2019 fourth quarter and full-year financial results, prepared in accordance with International Financial Reporting Standards (IFRS) […]

Venture Global And EDF Ink LNG PSA For 1 MTPA

(Venture Global, 25.Feb.2020)— Venture Global LNG, Inc. announces that Venture Global Plaquemines LNG, LLC and Électricité de France, S.A. (EDF) have entered into a 20-year […]

Braskem First To Use RESIN8™ Materials

(Braskem, 24.Feb.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces the use of construction blocks […]

Trina’s Module Global Shipments Exceed 10 GW

(Trina Solar, 24.Feb.2020) — Trina Solar Co., Ltd.’s global PV module shipments passed a new milestone in 2019, topping 10 GW for the year. According […]

Talos To Host 4Q:19 And YE:19 Earnings Call

(Talos 23.Feb.2020) — Talos Energy Inc. will release fourth quarter and full-year 2019 results for the period ended December 31, 2019 on Wednesday, March 11, […]

Venezuela Committee Asks VPs To Offer Resignations

(Reuters, 22.Feb.2020) — Members of a committee tasked with overhauling Venezuelan state oil firm Petróleos de Venezuela, S.A., or PDVSA, asked the company’s vice presidents […]

Boquerón JV Advances With Gas Lift Pilot

(Energy Analytics Institute, Piero Stewart, 22.Feb.2020) — The Boquerón joint venture, comprised of state oil company Petróleos de Venezuela, SA (PDVSA) and Russian oil company […]

Trump Wants Pressure Raised On Maduro

(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options […]

Colombia’s Ecopetrol To Build 50-MWp Solar Farm

(Renewables Now, 20.Feb.2020) — Colombian oil company Ecopetrol SA will develop a 50-MWp solar photovoltaic (PV) park in the department of Meta. Located on a […]

Touchstone Closes $11.6 Million Private Placement

(Touchstone, 20.Feb.2020) — Touchstone Exploration Inc. announces that further to the company’s announcement on February 19, 2020 regarding the proposed placing (the “Placing”), the company […]

Ecopetrol Closes 2019 With Proven Reserves 10% Higher

(Reuters, 20.Feb.2020) — Colombia’s state-owned oil company Ecopetrol said an independent assessment found its proven reserves of oil and gas had increased 9.6% at the […]

PetroMonagas Incorporates Turbo Generator

(Energy Analytics Institute, Piero Stewart, 20.Feb.2020) — In order to generate its own electricity, the PetroMonagas joint venture incorporated use of an electric turbo generator […]

Venezuela Promises Another Oil Revival

(Argus, 20.Feb.2020) — Venezuela’s embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company […]

Pena Nieto Investigated In Corruption Probe

(Reuters, 19.Feb.2020) — Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street […]

Maduro Taps VP To ‘Restructure’ Oil Sector

(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country’s beleaguered oil industry, which will […]

EP PetroEcuador Awards First Spot Sale Of 2020

(Energy Analytics Institute, Piero Stewart, 19.Feb.2020) — Ecuador’s state oil entity EP Petroecuador awarded its first spot market sale of 2020 to refining company Phillips […]

Maduro Shakes Up PDVSA Amid Oil Sector Emergency

(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]

Rosneft Sanctions Raise Threats For Cos In Venezuela

(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated […]

IMF Staff Statement On Argentina

(IMF, 19.Feb.2020) — An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited […]

Noble Reports Quarterly And Full Year 2019 Results

(Noble, 19.Feb.2020) — Noble Corporation plc reported a net loss attributable to the Company for the three months ended December 31, 2019 (fourth quarter) of […]

Latest Rosneft Sanctions Raise Risks For Others

(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated […]

Maduro’s PDVSA Shake Up Amid Oil Emergency

(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]

Maduro Accused Of “Disappearing” US Oilmen

(AP, 19.Feb.2020) — Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduro’s government of “forced disappearance” after the men were […]

Could Rosneft Sanctions Signal End To Chevron’s Venezuela Waiver?

(S&P Global Platts, 18.Feb.2020) — The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to […]

Argentina To Ease NatGas, Power Price Controls In June

(S&P Global Platts, 18.Feb.2020) — Argentina plans to lift controls on power and natural gas tariffs as soon as June, a senior government official said, […]

US Blacklists Rosneft Unit

(Reuters, 18.Feb.2020) — The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald […]

Rosneft Says US Sanctions On RTSA Illegal

(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of […]

Ending Putin’s Support Of Venezuela Not Easy For US

(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains […]

Venezuela, Rosneft and US Sanctions Complications

(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the […]

Frontera To Announce 4Q And Full Year 2019 Results

(Frontera, 18.Feb.2020) — Frontera Energy Corporation said Fourth quarter and full year 2019 results are expected to be released after market on Thursday, March 5, […]

Ecopetrol To Reveal 2020-2022 Business Plan

(Ecopetrol, 18.Feb.2020) — Ecopetrol S.A. announces that on February 25, 2020 after market close, it will release its financial and operating results for the fourth […]

Talos Energy Announces 2020 Operating Guidance

(Talos 18.Feb.2020) — Talos Energy Inc. announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously […]

Geronimo And Basin Electric Power Announce Deal

(Geronimo 18.Feb.2020) — Geronimo Energy, a National Grid company, and Basin Electric Power Cooperative (Basin Electric) announced execution of a Power Purchase Agreement (PPA) for […]

Frontera Reports Growth In Value Of Reserves

(Frontera, 18.Feb.2020) — Frontera Energy Corporation announced the results of its annual independent reserves assessment and provided notice of fourth quarter and full year 2019 […]

FPSO Brasil Congress Returns To Rio De Janeiro

(FPSO Network, 18.Feb.2020) — Following 2 successful events since 2018, the FPSO Brasil Congress, taking place on 25 – 27 May 2020 is returning to […]

Trinidad And Barbados Sign Unitization Agreement

(Office of the PM of Trinidad and Tobago, 17.Feb.2020) — Prime Minister of the Republic of Trinidad and Tobago, Dr the Hon. Keith Rowley and […]

Eni Announces New Oil Find Offshore Mexico

(Eni, 17.Feb.2020) — Eni announces a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca […]

PDVSA Seeks Buyers For 677 Mb/d Of February Crude

(S&P Global Platts, 14.Feb.2020) — Venezuela’s state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US […]

PDVSA Steps Up Shipments To Cuba

(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened […]

Chavez’s Legacy Oil Hasn’t Been Broken?

(The Globe and Mail, 13.Feb.2020) — In terms of its trademark nationalist approach to its economy – the crown jewel of which has long been […]

Petrobras Request Withdraw Of Governance Program

(Petrobras, 13.Feb.2020) — Petrobras, following up on the release dated 29 January 2020, reports that its request to withdraw from the Corporate Governance Program for […]

Looney’s New Course For BP With Climate Targets

(WoodMac, 12.Feb.2020) — Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: […]