(Ecopetrol, 3.Feb.2020) â 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) â 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) â 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) â 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) â Schlumberger announced today that it has completed the sale of its 49% interest in the Bandurria Sur Block in NeuquĂ©n, Argentina to […]
ExxonMobil Makes Fresh Guyana Discovery
(Petroleum Economist, 31.Jan.2020) â Guyanese offshore success in recent years has become almost synonymous with US giant ExxonMobilâthe hot streak of oil discoveries achieved in […]
Plans For An Ecuadorian LNG Terminal
(Sycar, 31.Jan.2020) â 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) â Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies EĂłlica Mangue […]
Petrobras Starts Refinery Binding Phase
(Petrobras, 31.Jan.2020) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early […]
Guyanaâs Burgeoning Oil Wealth Kindles Contract Row
(S&P Global Platts, 30.Jan.2020) â 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) â 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) â 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) â Petrobras reports that its Board of Directors, in a meeting held today, approved the appointment of Mrs. Maria ClĂĄudia GuimarĂŁes for the […]
Petrobras On Corporate Governance Program
(Petrobras, 29.Jan.2020) â 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) â Mexicoâs 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) â 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 Marinaâ1 Well
(Karoon, 28.Jan.2020) â Karoon Energy Ltd announced the Stena Forth Drillship has commenced the drilling of the Marinaâ1 exploration well located in Block Zâ38 Tumbes […]
Venezuela Lawmakers Eye Private Sector Oil Role
(Reuters, 28.Jan.2020) â 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) â 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) â Mexican national oil company PetrĂłleos Mexicanos (Pemex) is behind schedule at the 20 fields it deemed last year as âhigh […]
Venezuela Weighs Privatizing Oil
(Bloomberg, 27.Jan.2020) â 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) â 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) â 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) â 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) â Venezuelaâs 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) â 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) â Investment in Colombiaâs 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) â 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) â 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) â PDVSA PetroPiar President Gabriel Carmona and executives from the mixed companyâs management team help meetings to discuss ways […]
Guyana â The Worldâs Newest Oil Producer
(IHSMarkit, 24.Jan2020) â 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) â An inter-institutional agreement between EP PetroEcuador and the municipalities of Manta, JaramijĂł and Montecristi aims to provide a […]
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) â Guyanaâs 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) â Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports, citing the […]
Petrobras Starts Non-binding Phase Of BSBios Sale
(Petrobras, 23.Jan.2020) â Petrobras, following up on the release disclosed on 20 December 2019, informs the beginning of the non-binding phase related to the sale […]
Petrobras Announces BNDES Equity Secondary Offering
(Petrobras, 22.Jan.2020) â Petrobras announced today that Banco Nacional de Desenvolvimento EconĂŽmico e Social â BNDES (the âSelling Shareholderâ) has commenced an offering of up […]
Petrobras On Unfavorable CARF Decision
(Petrobras, 21.Jan.2020) â Petrobras announced the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued an unfavorable decision, by a casting vote, on an […]
ENAP Magallanes Drilled 35 Wells In 2019
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2020) â During 2019 ENAPâs Magallanes division drilled 35 new wells, most of them in Tierra del Fuego. Based on […]
President Updates On Trafigura Subscription
(President Energy, 20.Jan.2020) â President Energy plc reports on subscription for new ordinary shares by Trafigura, conversion of debt into equity and immediate reduction of […]
Touchstone Updates On Cascadura-1ST1 Well Testing
(Touchstone, 20.Jan.2020) â Touchstone Exploration Inc. provided an exploration update, highlighted by the first stage of production testing of the Cascadura-1ST1 well on the Ortoire […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) â The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign […]
Oil Tanker Arrives To Export Guyana’s First Oil Lift
(Jamaica Observer, 19.Jan.2020) â The Marshall Islands registered crude oil tanker, Yannis P , has arrived here as the country will soon lift the first […]