(Energy Analytics Institute, Ian Silverman, 19.Dec.2019) — Bolivia’s interim President Jeanine Áñez and the country’s Energy Minister Rodrigo Guzmán announced an up to 50% reduction […]
Asia Pacific Upstream – 5 Themes To Watch In 2020
(WoodMac, 19.Dec.2019) — Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s […]
Trinidad’s Petro Chaos
(TT Newsday, 19.Dec.2019) — Our fuel subsidy gobbles hundreds of millions that could be spent on improving the country and distorts the economy. It is […]
Peru Deploys Army To Safeguard Strategic Gas Line
(Argus, 19.Dec.2019) — Peru’s government has deployed army troops to safeguard a jungle stretch of the Camisea natural gas and gas liquids pipelines from potential […]
Braskem Selects CenturyLink For Global Operations
(Braskem, 18.Dec.2019) — Braskem, the largest thermoplastics resins producer in the Americas and leading producer of biopolymers in the world, selected global technology provider CenturyLink, […]
Pemex’s Emergency Drill At Dos Bocas Terminal
(Energy Analytics Institute, Jared Yamin, 18.Dec.2019) — Mexico’s state oil company Petroleos Mexicanos (Pemex) announced plans to conduct an emergency exercise as part of its […]
Petrobras To Pay Shareholder Remuneration
(Petrobras, 18.Dec.2019) — Petrobras announced its Board of Directors, at a meeting held 18 Dec., approved the distribution of anticipated remuneration to shareholders as interest […]
Petrobras Joins Tax Programs
(Petrobras, 18.Dec.2019) — Petrobras, under the scope of its ongoing contingency assessment process, decided to join the Programs for Partial Tax Remission and Interest and […]
Petrobras Seeks Alternatives For Comperj
(Petrobras, 18.Dec.2019) — Petrobras has completed the economic feasibility study regarding the completion of the Comperj refinery construction, together with the Chinese company CNPC and […]
PDVSA Completes Termobarrancas Maintenance
(Energy Analytics Institute, Piero Stewart, 18.Dec.2019) — Venezuela’s state oil company Petróleos de Venezuela (PDVSA) carried out major maintenance at the 100-megawatt turbo combustion generator […]
Minerva Bunkering Acquires CEPSA Panama SA
(Minerva, 17.Dec.2019) — Minerva Bunkering (Pte) Ltd purchased 100% of the share capital of CEPSA Panama SA from Compañía Española se Petróleos, S.A for an […]
Bolivia, US Officials Discuss Hydrocarbon Sector
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — A delegation accompanying US representative Bruce Williamson meet with Bolivia’s Hydrocarbon Minister Víctor Hugo Zamora to discuss possibilities […]
PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude
(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% […]
Petrobras Starts Sergipe Alagoas Basin Binding Phase
(Petrobras, 17.Dec.2019) — Petrobras, following up on the release disclosed on 11/01/2019, started the binding phase referring to the sale of its interest in fifteen […]
Petrobras Announces E&P Asset Binding Phase
(Petrobras, 17.Dec.2019) — Petrobras, following up on the release disclosed on 11/01/2019, announces that it has started the binding phase referring to the sale of […]
Atlas Says Fourth Brazilian Plant In Operation
(Atlas, 17.Dec.2019) — Atlas Renewable Energy, a leader in clean energy across Latin America, announces that its fourth project in Brazil, Sertão Solar Barreiras Complex, […]
Damages Awarded To Perenco For FET Breach In Ecuador
(Institutional Institute for Sustainable Development, 17.Dec.2019) — A long-standing tribunal under the France–Ecuador BIT has issued its final award on compensation. The award orders Ecuador […]
Sinopec, EIG Deliver Bid For Petrobras Refinery
(Reuters, 17.Dec.2019) — China’s Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, […]
YPFB Fundamental For Bolivia Gas Supply
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — Bolivia’s Hydrocarbon Minister Víctor Hugo Zamora said the new team at state oil company YPFB will be fundamental […]
YPFB President To Provide Company Update
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — YPFB President Herland Javier Soliz Montenegro announced plans to provide an update on the status of company’s entire […]
Zamora Says ‘YPFB In Good Health’
(Energy Analytics Institute, Ian Silverman, 17.Dec.2019) — Bolivia’s Hydrocarbon Minister Victor Hugo Zamora announced that the country’s state oil company YPFB was a healthy company. […]
Ecopetrol To Pay $1.1bn Extraordinary Dividend
(Energy Analytics Institute, Piero Stewart, 16.Dec.2019) — Colombia’s state oil company Ecopetrol announced plans to pay a $1.1 billion extraordinary dividend in December. The dividend […]
Touchstone Reports Onshore Oil Find At Cascadura
(Touchstone, 16.Dec.2019) — Touchstone Exploration Inc. has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the […]
Trafigura Awarded Premium Diesel Deal In Ecuador
(Energy Analytics Institute, Piero Stewart, 16.Dec.2019) — EP PetroEcuador awarded Trafigura Pte. Ltd. a contract to import of 3,360,000 barrels +/- 2% of Premium Diesel. […]
Quality Testing Guyana’s First 3 MMbbls
(Demerara Waves, Denis Chabrol, 16.Dec.2019) — The Ministry of the Presidency’s Department of Energy denied breaching the procurement process for sale of Guyana’s first three […]
Petrobras Prepays $5bn CDB Loan
(Petrobras, 16.Dec.2019) — Petrobras, following up on the press release disclosed on August 14, 2019, prepaid a $5 billion loan with China Development Bank (CDB), […]
Petrobras Starts Pelotas Basin Disclosure Stage
(Petrobras, 16.Dec.2019) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of its interest in the concession BM-P2, located in the Pelotas […]
Total Advances Two Deepwater GOM Projects
(Total, 16.Dec.2019) — Total announces the final investment decision (FID) to develop the Anchor oil field. Additionally, front-end engineering and design (FEED) has begun for […]
Soliz Named As YPFB’s New President
(Energy Analytics Institute, Ian Silverman, 16.Dec.2019) — Petroleum engineer Herland Javier Soliz Montenegro was named the new president of Bolivia’s state oil company YPFB, replacing […]
Guyana Seeks Buyers For Govt’s Oil Output Share
(Reuters, 15.Dec.2019) — Guyana has invited companies interested in purchasing the first three deliveries of the government’s share of the country’s looming oil production to […]
BNDES Evaluates Sale Of Its Petrobras Shares
(Petrobras, 13.Dec.2019) — Petrobras received correspondence from Banco Nacional de Desenvolvimento Econômico e Social (BNDES), in which it communicates the intention to evaluate the sale […]
Traders Flock To Burgeoning Petrostate Guyana
(Bloomberg, Lucia Kassai, 13.Dec.2019) — Oil traders are packing their bags for a trip to the world’s newest petrostate — a place they know remarkably […]
Esteban Kiper Appointed GM At CAMMESA
(Energy Analytics Institute, Aaron Simonsky, 12.Dec.2019) — Mr. Esteban Kiper was appointed as General Manager of the Electric Market Management Company or CAMMESA, during an […]
Transocean Announces Award For Development Driller III
(Transocean, 12.Dec.2019) — Transocean Ltd. announced the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago. […]
S&P Ups Petrobras’ Global Scale Outlook
(Petrobras, 12.Dec.2019) — Petrobras said rating agency S&P Global Ratings (S&P) raised the company’s global scale outlook from stable to positive, and maintained its corporate […]
S&P Releases 2020 Energy Outlook
(S&P Global Platts, 11.Dec.2019) — Analysts at S&P Global Platts, the leading independent provider of information, analysis and benchmark prices for the commodities and energy […]
Petrobras’ Teaser For TAG Stake Divestment
(Petrobras, 11.Dec.2019) — Petrobras started the opportunity disclosure stage (teaser), relating to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. […]
Petrobras On TOR Amendment
(Petrobras, 11.Dec.2019) — Petrobras following up on the release dated November 1, 2019, informs that, in alignment with its cash management strategy and in accordance […]
PDVSA Perks Include Yoga And Guitar Lessons
(Bloomberg, Peter Millard and Fabiola Zerpa, 11.Dec.2019) — Workers are starving, equipment is crumbling and output is languishing near record lows at Venezuela’s state oil […]
Bolivia’s VPACF Gets New VP
(Energy Analytics Institute, Ian Silverman, 10.Dec.2019) — Forestry Engineer Marcelo Ayala Torrez was named the new Vice President of Bolivia’s Contract and Control Administration (VPACF […]
Ecopetrol Tapped For Emergency $1bn
(Forbes, Dylan Baddour, 10.Dec.2019) — As protesters continue to push demands in Colombia, the government here has asked its oil company, Ecopetrol S.A., for a […]
Pemex Reserve Discovery Boosts Mexico’s Oil Ambitions
(S&P Global Platts, 10.Dec.2019) — Pemex’s largest hydrocarbon reserve discovery in 30 years is boosting the Mexican government’s confidence that the troubled state-run enterprise can […]
Talos Announces GOM Acquisition
(Talos, 10.Dec.2019) — Talos Energy Inc. entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, […]
Barkindo Says US Sanctions On Venezuela Unhealthy
(Energy Analytics Institute, Piero Stewart, 10.Dec.2019) — OPEC Secretary General Mohammad Barkindo assured that unilateral sanctions imposed on member countries of the organization are unhealthy […]
EOG Resources Declares Quarterly Dividend
(EOG, 10.Dec.2019) — The Board of Directors of EOG Resources, Inc. declared a dividend of $0.2875 per share on EOG’s Common Stock, payable 31 January […]
Argentina’s Shale Boom Hits New Milestone
(Oilprice.com, Irina Slav, 10.Dec.2019) — YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than […]
Venezuela Oil Output Rises
(Reuters, 10.Dec.2019) — Venezuela’s crude output in November jumped more than 20% from the prior month to the highest level since the United States tightened […]
Commercial Operation Starts at Freeport LNG Project in Texas
(Osaka Gas, 10.Dec.2019) — Osaka Gas USA announced that the Freeport LNG Project in Texas, the United States, has started commercial operation for its first […]
Venezuela Releases ‘Citgo 6’
(Chron.com, Sergio Chapa, 9.Dec.2019) — Six executives of Houston refiner Citgo are out of a Venezuelan prison, according to a late Monday report by Reuters. […]
Petrobras Sales Fields In Rio Grande Do Norte
(Petrobras, 9.Dec.2019) — Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in […]