(Energy Analytics Institute, Piero Stewart, 14.Jan.2020) — Venezuela’s President Nicolás Maduro signed a decree for the mandatory and immediate fulfillment of the sale of 4.5 […]
YPFB Guarantees Fuel Supplies Across Bolivia
(Energy Analytics Institute, Ian Silverman, 14.Jan.2020) — Bolivia’s state oil company Yacimientos PetrolĂferos Fiscales Bolivianos (YPFB) guaranteed residents in La Paz and interior portions of […]
Petrobras OKs Mothballing Of Fertilizer Plant
(Petrobras, 14.Jan.2020) — Petrobras approved the mothballing of the fertilizer plant of its wholly owned subsidiary Araucária Nitrogenados S.A. (ANSA), located in the state of […]
Petrobras Finalizes PO&GBV Divestment
(Petrobras, 14.Jan.2020) — Petrobras, following up on the release dated 10/31/2018, reports today that it completed the sale – to Petrovida Holding B.V. (Petrovida) – […]
Argentina President Sees Potential In Conventionals
(S&P Global Platts, 13.Jan.2020) — Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just […]
Citgo Drops Aruba Refinery Project, Island Balks
(Argus, 13.Jan.2020 — Citgo, the US refiner that Venezuela’s political opposition nominally wrested from the Opec country’s national oil company PdV in 2019, is abandoning […]
PDVSA’s Partners As Oil Traders Amid Sanctions
(Reuters, 13.Jan.2020) — Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to […]
CNOOC Reveals 2020 Business Strategy, Plan
(CNOOC, 13.Jan.2020) — CNOOC Limited announced its business strategy and development plan for the year 2020. The company’s targeted net production for 2020 is 520 […]
Asia Pacific Gas, LNG: 6 Themes To Watch In 2020
(WoodMac, 13.Jan.2020) — Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020. Asian LNG spot prices to […]
After $1bn Venezuela Deal, US Oilfield Firm Shuts Doors
(Reuters, 12.Jan.2020) — An Oklahoma oilfield company that played a central role in Venezuela’s high profile attempt to convince the world it could halt production […]
Ecopetrol Reports Spill In Cerro Madera
(Energy Analytics Institute, Piero Stewart, 11.Jan.2020) — Illegal valves were again detected stealing crude oil from the Caño LimĂłn-Coveñas oil pipeline and subsequently produced an […]
GEB Acquires 0.01% Of EDSAA Shares
(Energy Analytics Institute, Piero Stewart, 10.Jan.2020) — Bogotá Energy Group (GEB) was awarded 0.01% of the shares of Electro Dunas S.A.A. (EDSAA) by the Lima […]
YPFB To Use Gasbol Pipeline Independently
(Reuters, 10.Jan.2020) — The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in […]
Citgo Announces Small Grants Program Winners
(Citgo, 24.Jan.2020) — The SimĂłn BolĂvar Foundation Inc. (SBF), a non-profit, private foundation of CITGO Petroleum Corporation, awarded seven grants totaling $100,000 to nonprofits that […]
CELEC To Invest In Highway Near Hydroelectric Plants
(Energy Analytics Institute, Piero Stewart, 9.Jan.2020) — Ecuador’s Electric Corporation (CELEC EP) and the Sub-secretariat Zonal 6 of the Ministry of Transportation and Public Works […]
TT Faces Soft Energy Prices Despite Iran/US Tensions
(Newsday, 9.Jan.2020) — The price of crude oil, natural gas, ammonia and methanol are critical to the health of the TT economy. These are the […]
Maduro Seeks Oil Contract Changes: Lawmakers
(Reuters, 8.Jan.2020) — Venezuela’s ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some […]
Asia Eyes LatAm For Heavy Crude Amid Supply Risk
(S&P Global Platts, 8.Jan.2020) — Some Asian importers of Iraqi crude oil may scout for more heavy sour crude from Central and South America in […]
Politics Driving Shale Fluctuations In Argentina
(Argus, 8.Jan.2020) — Argentina’s shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the […]
Politics Drives Shale Fluctuations In Argentina
(Argus, 8.Jan.2020) — Argentina’s shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the […]
Mitsubishi, Patria, And Shell Report On Azul Power Plant
(MHPS, 7.Jan.2020) — Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazil’s State-owned development bank (BNDES) […]
Apache And Total Report Significant Oil Discovery Offshore Suriname
(Apache, 7.Jan.2020) — Apache Corporation and Total S.A. announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The […]
Total And Apache Make Discovery In Block 58
(Total, 7.Jan.2020) — Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Suriname, on trend with […]
Talos Says Zama Reservoir Shared With Pemex
(Argus, 7.Jan.2020) — Third-party evaluation showed that 60pc of Mexico’s major Zama crude discovery lies within Talos Energy’s shallow-water block 7, with the remainder on […]
Guyanese Diasporans Invited To Fill Industry Jobs
(Caribbean Life News, 7.Jan.2020) — Guyana is on the cusp of great wealth development, celebrating its historic oil discovery of approximately half a billion barrels, […]
Guaido Survival Likely To Buy Chevron More Time
(Argus, 7.Jan.2020) — The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame […]
Venezuelan Oil Exports Fell By A Third In 2019
(Reuters, 7.Jan.2020) — Venezuela’s oil exports plummeted 32% last year to 1.001 million barrels per day, according to Refinitiv Eikon data and state-run PDVSA’s reports, […]
Three Injured In Fire On Akal-C6 Platform
(Reuters, 7.Jan.2020) — Three people were injured in a fire on a platform run by Mexican state oil firm Petroleos Mexicanos (Pemex) on Tuesday, the […]
Talos Energy Touts Zama Study Results
(Chron.com, 7.Jan.2020) — Talos Energy touted promising new study results in Mexico’s first big deepwater oil discovery, and the Houston producer is pushing to move […]
Mann+Hummel Sells Mann+Hummel Fluid Brasil
(Mann+Hummel, 6.Jan.2020) — On 31 December 2019, the former CEO of Mann+Hummel Fluid Brasil, Luis Guilherme Pozzani da Rocha, officially signed the 100 percent purchase […]
Petrobras Comments On Public BNDES Share Offering
(Petrobras, 6.Jan.2020) — Petrobras, following up on the release disclosed on December 13, 2019, reports that it has received new correspondence from the National Bank […]
COSAN Seeks Permits For Alternative Route 4
(S&P Global Platts, 6.Jan.2020) — Brazil sugar and ethanol group Cosan applied for environmental permits to build a second tranche of the Route 4 offshore […]
US Considering More Venezuela Sanctions
(S&P Global Platts, 6.Jan.2020) — The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US […]
Canadian Solar Increases Size Of Board Of Directors
(Canadian Solar, 6.Jan.2020) — Canadian Solar Inc. increased the size of its Board of Directors from five to six directors and appointed Lauren C. Templeton […]
Will The West Lose Guyana To The Chinese?
(Fair Observer, 6.Jan.2020) — Guyana, home to just 750,000 people, is about to leap from one of the poorest to one of the richest countries […]
Brazil Looks To Smooth Impact Of Oil Price Spikes
(Reuters, 6.Jan.2020) — Brazil’s government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, […]
Exxon’s Guyana Oil recovery Ramps Up Rating
(Stabroek News, 3.Jan.2020) — The commencement by ExxonMobil less than a fortnight ago of oil recovery from what is now firmly categorized as a “world […]
PDVSA, Chevron Turn Oil Blender Back Into upgrader
(Reuters, 3.Jan.2020) — Venezuela’s Petropiar facility, a joint venture between state oil company PDVSA and Chevron Corp, is once again operating as a crude upgrader […]
Mexico And Pemex Face Downgrade Risk In 2020
(Reuters, 3.Jan.2020) — Mexico threw troubled state oil company Pemex a lifeline in 2019 to stop $80 billion in bonds held by investors worldwide being […]
Eco Updates On Carapa-1 Well Offshore Guyana
(Eco, 3.Jan.2020) — Eco (Atlantic) Oil & Gas Ltd. notes the recent announcement by Tullow Oil (37.5%), in partnership with Repsol (Operator, 37.5%) and Total […]
Petrobras Informs On Fuel Prices
(Petrobras, 3.Jan.2020) — Petrobras, informs that, due to the latest events in Middle East, it will carry on with its international market monitoring process. The […]
PetroAmazonas Boosted Output 4% In 2019
(Energy Analytics Institute, Piero Stewart, 3.Jan.2019) — Ecuador’s state oil company PetroAmazonas EP boosted its production of crude oil by 4% in 2019, according to […]
PDVSA Cedes Oilfield Operations To Foreign Firms
(Reuters, 3.Jan.2020) — Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles […]
Ecuador Producing 537,689 Barrels Per Day
(Energy Analytics Institute, Piero Stewart, 2.Jan.2019) — South America’s Ecuador is producing 537,689 barrels per day of crude oil, the country’s Ministry of Energy and […]
Petrobras Says Lins Resigns As Board Member
(Petrobras, 2.Jan.2020) — Petrobras announced that Board Member Clarissa de AraĂşjo Lins presented her resignation as member of the Board of Directors of the company, […]
Ecuador Officially Exits OPEC
(Energy Analytics Institute, Piero Stewart, 2.Jan.2020) — Ecuador officially exited the Organization of Petroleum Exporting Countries or OPEC, effectively 1 January 2020. The small South […]
WindFloat Atlantic Project Supplies Energy To Portugal
(WindFloat, 2.Jan.2020) — WindFloat Atlantic wind farm is now operational. After the energisation of the 20-km cable connecting the offshore wind farm and the substation […]
BHP Says Standing By TT
(Newsday, 2.Jan.2020) — Call it a hunch. The deepwater acreages off the east coasts of Trinidad and Tobago were uncharted territory for hydrocarbon exploration but […]
Tullow Shares Drop On Carapa Well Doubts
(Reuters, 2.Jan.2020) — Shares of Tullow Oil dropped by nearly a fifth on Thursday as the Africa-focused oil producer’s update on the commercial viability of […]
Tullow Slumps On Guyana Oil Find News
(Bloomberg, 2.Jan.2020) — Tullow Oil Plc discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had […]