(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who […]
Trinidad To Develop Natural Gas From Manatee Field
(Office of the PM of Trinidad and Tobago, 4.Feb.2020) — The Government will independently develop the natural gas from the Loran-Manatee field on Trinidad and […]
Petrobras Starts Binding Phase For Uruguay Assets
(Petrobras, 4.Feb.2020) — Petrobras, following up on the press release disclosed on 17 February 2020, informs the beginning of the binding phase related to the […]
Petrobras On Payment Of Interest On Capital
(Petrobras, 3.Feb.2020) — Petrobras informs that will pay, on Friday 7 February 2020, the third and fourth installments of shareholders remuneration for the 2019 fiscal […]
Petrobras Says Sale Model For Gaspetro Not Defined
(Petrobras, 3.Feb.2020) — Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), […]
Petrobras Starts Teaser For Papa-terra Field
(Petrobras, 3.Feb.2020) — Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in […]
Trinidad Cancels Gas Deal Over US Sanctions
(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their […]
Petrobras’ Pará-Maranhão Basin Teaser
(Petrobras, 3.Feb.2020) — Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of part of its equity interest in […]
Ecopetrol Reports Changes To Accounting Classification
(Ecopetrol, 3.Feb.2020) — Ecopetrol S.A. reports that having completed all legal and accounting analyses regarding the ruling issued by the Supreme Court of Justice dated […]
Petrobras Gives Details On 2019 Annual Results
(Petrobras, 3.Feb.2020) — Petrobras reports that on February 10, after market closes, the company will release its quarterly production and sales report for 4Q19 and […]
YPF Signs Preliminary Deal With Equinor And Shell
(Reuters, 31.Jan.2020) — Oil firms Equinor and Shell have signed a preliminary agreement with Argentina state energy firm YPF to acquire an additional 11% participation […]
Equinor Strengthens Presence In Vaca Muerta
(Equinor, 31.Jan.2020) — Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore […]
Schlumberger Completes Sale Of Bandurria Sur
(Schlumberger, 31.Jan.2020) — Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in Neuquén, Argentina to […]
ExxonMobil Makes Fresh Guyana Discovery
(Petroleum Economist, 31.Jan.2020) — Guyanese offshore success in recent years has become almost synonymous with US giant ExxonMobil—the hot streak of oil discoveries achieved in […]
Plans For An Ecuadorian LNG Terminal
(Sycar, 31.Jan.2020) — SYCAR LLC is working with a mayor LNG Trading firm for the development of a LNG import terminal for Ecuador, South America. […]
Petrobras Releases Wind Power Plant Teaser
(Petrobras, 31.Jan.2020) — Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eólica Mangue […]
Petrobras Starts Refinery Binding Phase
(Petrobras, 31.Jan.2020) — Petrobras, following up on the press release disclosed on 10/24/2019, informs the beginning of the binding phase related to the sale of […]
Ecopetrol Endorses Initiative To Eliminate Gas Flaring
(Ecopetrol, 30.Jan.2020) — Ecopetrol has adhered to the Bank World-let initiative called “Zero Routine Flaring by 2030”, whose goal is to eliminate the routine flaring […]
Argentina Extends Diesel, Gasoline Frice Freeze
(Argus, 30.Jan.2020) — Argentina’s government said Thursday it has extended a freeze on diesel and gasoline prices until the end of February, as it tries […]
Trinidad And Tobago Energy Conference 2020
(Energy Chamber, 30.Jan.2020) — The Trinidad and Tobago Energy Conference is the major annual conference of the energy sector in Trinidad and Tobago. The conference […]
Equinor Awards FEED Contract For Bacalhau Field
(Schlumberger, 30.Jan.2020) — Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its […]
MODEC Inks Deal By Equinor For FPSO For Brazil Field
(Modec, 30.Jan.2020) — Modec Inc. has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to supply […]
YPF Deepens Partnership With Equinor And Shell
(Energy Analytics Institute, Aaron Simonsky, 31.Jan.2020) — The presidents of YPF, and European companies Equinor and Shell meet to discuss the scope of signed agreements […]
MODEC Moves On With FPSO Charter For Marlim Field
(MODEC, 30.Jan.2020) — MODEC, Inc. (“MODEC,” head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. (“Mitsui,” head office: Chiyoda-ku, Tokyo; President […]
Equinor Awarded Brazilian Contracts
(Equinor, 30.Jan.2020) — Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early […]
Guyana’s Burgeoning Oil Wealth Kindles Contract Row
(S&P Global Platts, 30.Jan.2020) — ExxonMobil’s growing oil discoveries offshore Guyana are amplifying domestic calls for a review of production-sharing contract terms on the eve […]
Petrobras’ Proved Reserves Fall Slightly In 2019
(Petrobras, 29.Jan.2020) — Petrobras discloses that its proved oil, condensate and natural gas reserves according to SEC (US Securities and Exchange Commission) regulation were estimated […]
Petrobras On Collective Action In The Netherlands
(Petrobras, 29.Jan.2020) — Petrobras, further to the press release dated September 19, 2018, announces that the District Court of Rotterdam (the Court) today considered some […]
Petrobras Approves New Board Member
(Petrobras, 29.Jan.2020) — Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria Cláudia Guimarães for the […]
Petrobras On Corporate Governance Program
(Petrobras, 29.Jan.2020) — Petrobras reports that it has requested today its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras’ adhesion […]
Pemex’s Romero Pushes For Control Over Zama
(Reuters, 29.Jan.2020) — Mexico’s state oil company Petroleos Mexicanos wants operational control over a major offshore oil area discovered by a consortium of private companies […]
Petrobras Comments On Corporate Governance
(Petrobras, 29.Jan.2020) — Petrobras has requested its withdrawal from the Corporate Governance Program for State-Owned Companies of B3 (Program). Petrobras’ adhesion to the Program took […]
Karoon Starts Drilling In Peru At Marina‐1 Well
(Karoon, 28.Jan.2020) — Karoon Energy Ltd announced the Stena Forth Drillship has commenced the drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes […]
Venezuela Lawmakers Eye Private Sector Oil Role
(Reuters, 28.Jan.2020) — A group of Venezuelan lawmakers backed by the ruling Socialist Party are exploring ways to increase the participation of private companies in […]
ExxonMobil Tallies 16th Find Offshore Guyana
(NGI, 28.Jan.2020) — ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore […]
Pemex Underwhelming At Priority Fields
(Natural Gas Intelligence, 28.Jan.2020) — Mexican national oil company Petróleos Mexicanos (Pemex) is behind schedule at the 20 fields it deemed last year as “high […]
Venezuela Weighs Privatizing Oil
(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of […]
ExxonMobil Ups Guyana Recoverable Resources
(ExxonMobil, 27.Jan.2020) — ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil […]
Hess Announces Oil Discovery At Uaru
(Hess, 27.Jan.2020) — Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced […]
IOCs To Press On With Vaca Muerta Projects
(S&P Global Platts, 27.Jan.2020) — Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls […]
PDVSA Total Debt Remained Unchanged In 2019
(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 […]
PDVSA Amuay and Cardon Shuttered
(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana […]
Colombia Oil Investment To Rise 23% This Year: ACP
(Reuters, 27.Jan.2020) — Investment in Colombia’s oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although […]
Colombia 2020 Oil Flow Seen Flat, CAPEX Up: ACP
(Argus, 27.Jan.2020) — Investment in exploration and production in Colombia will grow by an estimated 23pc to $4.97bn in 2020, but crude production will remain […]
Brazil To Discuss OPEC With Saudi Arabia In July
(S&P Global Platts, 24.Jan.2020) — Brazil will discuss potential cooperation with OPEC on the sidelines of a Group of 20 event scheduled to be held […]
PDVSA PetroPiar President Eyes Higher Output
(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways […]
Guyana – The World’s Newest Oil Producer
(IHSMarkit, 24.Jan2020) — In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil – two […]
EP PetroEcuador Inks La Esperanza Aqueduct Deal
(Energy Analytics Institute, Piero Stewart, 23.Jan.2020) — An inter-institutional agreement between EP PetroEcuador and the municipalities of Manta, Jaramijó and Montecristi aims to provide a […]
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the […]
Brazil Breaks Oil Production Record
(Oilprice.com, 23.Jan.2020) — Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports, citing the […]