(Argus, 20.May.2019) â Venezuela’s political opposition contracted with an international adviser to prepare for restructuring the country’s external debt that is expected to exceed $150bn. […]
US Sanctions Mining Company Backing Maduro
(Reuters, 19.May.2019) â The United States imposed sanctions on Tuesday against Venezuelaâs state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of […]
Petroamazonas’ Production Peaked At 428,780 Boe/d In The First 4 Months Of 2019
(Energy Analytics Institute, Piero Stewart, 19.May.2019) â Petroamazonas EPâs production of crude oil in the first four months of 2019 peaked at 428,780 barrels per […]
Enel: Positive Impact From Resolution Of Pending Issues In Argentina
(Enel, 17.May.2019) â Enel S.p.A. announces that its listed Chilean subsidiary Enel AmĂ©ricas S.A. (âEnel AmĂ©ricasâ) informed that its subsidiary in Argentina, Empresa Distribuidora Sur […]
Without Venezuelaâs Oil, Haiti Struggles To Keep Lights On
(AP, Ralph Thomassaint Joseph, 17.May.2019) â When her daughter was 4 years old, Jennifer Jean started a small catering business in Bourdon, a lower middle-class […]
Petrobras’ Says Motion To Vacate Arbitration Award Issued In Vantage Case
(Petrobras, 17.May.2019) â Petrobras, following up onthe Press Release of March 8, 2019, hereby informs that today the United States District Court for the Southern […]
Tullow Oil, Partners Exempted From Range Of Taxes In Guyana
(Stabroek News, 17.May.2019) â The National Assembly on Wednesday assented to tax concessions for the United Kingdom-headquartered Tullow Oil as well as its partners. âI […]
Ecopetrol Earnings And Revenues Increase Y/Y In Q1
(Zacks, Nilanjan Banerjee, 17.May.2019) â Ecopetrol SA (EC) reported first-quarter 2019 net income of 2,745 billion Colombian pesos, higher than 2,615 billion Colombian pesos in […]
Petrobras Removes Three Banks From BR Distribuidora Privatization
(Reuters, Gram Slattery and Carolina Mandl, 17.May.2019) â Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel […]
Wintershall DEA Boosts Interest In Block 5 Offshore Mexico
(Wintershall DEA, 17.May.2019) â Wintershall Dea and its partners in Block 5, Murphy Sur (operator), a wholly owned subsidiary of Murphy Oil Corporation, and PC […]
Argentina Awards 18 Exploration Areas Offshore For $724 Million
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) â Argentinaâs Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the countryâs Finance Ministry […]
Wigton Windfarm Shares To Be Listed Soon On Jamaica Stock Exchange (JSE)
(Jamaica Observer, Balford Henry, 17.May.2019) â The Petroleum Corporation of Jamaica (PCJ) says that the Wigton Windfarm IPO shares will be listed and begin trading […]
US Targets Shippers For Bringing Venezuela Oil To Cuba
(AFP, 17.May.2019) â The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba in what it called […]
Gas Station Lines Reappear In Venezuela As Refinery Halts, Fuel Imports Plunge
(Reuters, Mircely Guanipa and Marianna Parraga, 16.May.2019) â Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the […]
Sell Oil, Buy Electric
(Trinidad and Tobago Newsday, Ryan Hamilton-Davis, 16.May.2019) â The Regulated Industries Commission (RIC), the regulatory body for water, waste water and electricity, has come up […]
MAN Energy To Supply Compressor Trains For FPSO In Mexico
(MAN Energy, 16.May.2019) â MODEC has commissioned MAN Energy Solutions to supply a total of six compressor trains for a new FPSO vessel in the […]
Who Gets Venezuela’s Oil?
(CNN, Allan Dodds Frank, 16.May.2019) â Venezuela’s future is in limbo, as its embattled president continues to fend off a national movement for regime change. […]
Venezuela’s Ad-Hoc PDVSA Board Begins Payment On Citgo-Backed 2020 Bond
(Reuters, Corina Pons and Mayela Armas, 16.May.2019) â Venezuelaâs ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said […]
Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’
(Reuters, Humeyra Pamuk, 16.May.2019) â French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall […]
Work Continues On The 10 MW PatagĂłnicos Wind Farm In The Magallanes Region
(Energy Analytics Institute, Aaron Simonsky, 15.May.2019) â Construction of the new PatagĂłnicos Wind Farm in the Magallanes Region, a joint venture between Enap and Pecket […]
Rising U.S. Oil Output Helps Fill Gap Left By Iran, Venezuela: IEA
(Reuters, Noah Browning, 15.May.2019) â The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports […]
LatAm’s Gasoline Problems: Mexico And Brazil Diverge In Fuel Balance Strategy
(WoodMac, 15.May.2019) â The two dominant players in Latin American oil and gas â Petrobras and Pemex â should face negative net gasoline balance for […]
JinkoSolar Prices Follow-on Offering Of 4,062,500 ADSs And Private Placement
(JinkoSolar, 15.May.2019) â JinkoSolar Holding Co., Ltd. announced priced the follow-on offering of 4,062,500 American depositary shares (the “ADSs”), each representing four ordinary shares of […]
LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards
(Energy Analytics Institute, Piero Stewart, 14.May.2019) â Heard on the street and LatAmNRG briefs related to OPECâs Monthly Oil Market Report, EP PetroEcuador awards Trafigura […]
Eni Reports New Light Oil Find In Block 15/06 Offshore Angola
(Eni, 14.May.2019) â Eni has made a new light oil discovery in Block 15/06, in Angolaâs deep offshore. The well was drilled on the Ndungu […]
Argentina’s Economic Crisis Threatens To Stall Vaca Muerta
(Petroleum Economist, Charles Waine, 14.May.2019) â Argentina’s hope of fast-tracking production from its vast Vaca Muerta shale play, the world’s second largest by output, could […]
Petrobras Awards McDermott EPCI Contract For Sepia Field Offshore
(McDermott, 14.May.2019) â McDermott International, Inc. announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and […]
Rovuma LNG Development Plan Approved By Mozambique Government
(Eni, 14.May.2019) â Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will […]
Contrasting Cases Of Energy Dependence: Venezuela and Trinidad and Tobago
(NACLA, Zophia Edwards and Timothy M. Gill, 14.May.2019) â Trinidad and Tobago used to be as dependent on oil as Venezuela. So why hasnât its […]
Sempra Energy Starts Production At Train 1 Of Cameron LNG Facility
(Sempra, 14.May.2019) â Sempra Energy announced that Cameron LNG has begun producing liquefied natural gas (LNG) from the first liquefaction train of the Cameron LNG […]
Mexico’s Rising Oil Nationalism Faces Debt-Rating Crisis
(Reuters, Stefanie Eschenbacher and David Alire Garcia, 14.May.2019) â Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company […]
Venezuelan Oil Output Sinks To 500,000 B/D
(Argus, 14.May.2019) â Venezuela’s crude production has dropped to around 500,000 b/d as sluggish export loadings and replete storage force state-owned PdV to shut in […]
Pompeo, Putin Could Decide Venezuelaâs Fate
(Oilprice.com, Tsvetana Paraskova, 14.May.2019) â U.S. Secretary of State Mike Pompeo and Russian President Vladimir Putin are meeting on Tuesday to discuss various issues, including […]
Ensign Energy Expands Into Mexico, Bahrain And Kuwait With Trinidad Acquisition
(Energy Analytics Institute, Jared Yamin, 13.May.2019) â Ensign Energy Services acquired an 89.3% interest in Trinidad Drilling Ltd., which marks the largest such purchase in […]
Madalena Starts Vaca Muerta Drilling On The Coiron Amargo Sur Este Block
(Madalena, 13.May.2019 ) â Madalena Energy Inc. has been informed by the operator of the Coiron Amargo Sur Este (CASE) block that a drilling rig […]
Arctech Launches 120-Module 2P Solar Tracker In Industry First Move
(Arctech, 13.May.2019) â Arctech Solar, a leading solar tracking and racking system provider, has launched its latest research achievement SkySmart-2, the industry’s first independent single-axis […]
Equinor Boosts Stake In Caesar Tonga Field In Deepwater US GOM
(Equinor, 13.May.2019) â Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc […]
Readout Of Secretary Perryâs Visit To Bogota, Colombia
(Energy.gov, 13.May.2019) â Today, U.S. Secretary of Energy Rick Perry was in BogotĂĄ, Colombia for the Concordia Americas Summit, a gathering of government and private […]
Petrobras Announces Teaser For Sale Of Breitener Energética S.A.
(Petrobras, 13.May.2019) â Petrobras reports that it has started the opportunity disclosure stage (Teaser) relating to the sale of its 93.7% interest in Breitener EnergĂ©tica […]
Colombia Oil Reserves Up 9.9% In 2018; Gas Reserves Decline
(Reuters, 13.May.2019) â Colombia’s crude oil reserves were up 9.9% to 1.96 billion barrels at the end of last year, as efforts to increase exploration, […]
Tecpetrol Argentina Work Halted Until Security Issues Resolved
(Energy Analytics Institute, Aaron Simonsky, 13.May.2019) â The block where Tecpetrol conducts activities in Argentina canât initiate operations until necessary security measures are completed and […]
Delek’s US GOM Caesar Tonga Oil Acquisition Cancelled
(Globes, 12.May.2019) â One of the existing partners has exercised its first right of refusal on the rights in the Caesar Tonga oil field. The […]
Mexican Union Leader Shot Dead In Troubled Oil Refining City
(Reuters, 12.May.2019) â Unidentified gunmen shot dead a trade union leader in Mexicoâs central city of Salamanca, authorities said on Sunday, the latest outbreak of […]
Could Emerging Oil State Guyana Become The Richest Nation In The World?
(Oilprice.com, Irina Slav, 12.May.2019) â A tiny South American country until recently known mostly as the location of one of the worst mass suicides in […]
Argentina Eyes Possible Start Of Vaca Muerta-BahĂa Blanca Train Project In 2020
(Energy Analytics Institute, Aaron Simonsky, 12.May.2019) â Two train projects planned to connect Vaca Muerta with BahĂa Blanca will most likely not start moving forward […]
YPF Transcript Of 1Q:19 Earnings Conference Call
(Thomson StreetEvents, 11.May.2019) â Edited Transcript of YPF SA earnings conference call or presentation Friday 10 May 2019. TEXT version of Transcript ============================== Corporate Participants […]
Petrobras Updates On Divestment Of LiquigĂĄs: Start Of Non-Binding Phase
(Petrobras, 10.May.2019) â Petrobras, following up on the release dated 04/09/2019, announces the beginning of the non-binding phase related to the sale of LiquigĂĄs Distribuidora […]
Petrobras Updates On Studies Related To Sale Of Shares By Caixa
(Petrobras, 10.May.2019) â Petrobras informs that it received the Official Letter No. 288/2019-SLS, which requests the following clarification:Official Letter nÂș 288/2019-SLS âDear Gentlemen, In a […]
US Secretary Perry Attends 2019 Concordia Americas Summit
(US DOE, 10.May.2019) â On Monday, May 13, 2019, U.S. Secretary of Energy Rick Perry will travel to BogotĂĄ, Colombia to participate in the 2019 […]
SBM Offshore Awarded Contracts For ExxonMobil FPSO Liza Unity
(SBM, 10.May.2019) â SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of […]