(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 […]
Exxon, Guyana Head Toward Uncertain Future
(OilandGas360.com, 20.Mar.2020) — They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s […]
Total Renounces Rights To Deep Water Mexican Block
(Reuters, 20.Mar.2020) — Mexico’s oil regulator approved on Friday a request by French oil company Total SA to give up its exploration and production rights […]
CNH On Total And Servicios MĂşltiples de Burgos
(Energy Analytics Institute, Jared Yamin, 20.Mar.2020) — Mexico’s National Hydrocarbons Commission (CNH) announced updates on three resolutions affecting Total E&P MĂ©xico, 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 EspĂrito 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 […]