(Reuters, Marianna Parraga, Gram Slattery and Marta Nogueira, 7.Nov.2019) â Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, […]
Brazilâs Pre-salt Encore Flops
(Argus, 7.Nov.2019) â Brazil’s pre-salt auction today mirrored the lackluster results from yesterday’s much-hyped Transfer of Rights offer, raising questions about bonus pricing, the appeal […]
Ecopetrol Finds Oil In GOM Deep Waters
(Ecopetrol, 7.Nov.2019) â Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement […]
Frontera Announces Quarterly Dividend
(Frontera, 7.Nov.2019) â Frontera Energy Corporation announces that its Board of Directors has declared a dividend of C$0.205 per common share, which will be paid […]
Centaurus Changes OTC Symbol
(Centaurus, 7.Nov.2019) â Centaurus Energy Inc., formerly Madalena Energy Inc., announced that the Financial Industry Regulatory Authority, Inc. (FINRA) approved a change in the company’s […]
Petrobras Buys Aram Block In 6th PSC Bid Round
(Petrobras, 7.Nov.2019) â Petrobras reports that the consortium in which will be the operator, holding 80% of work interest, in partnership with CNODC Brasil PetrĂłleo […]
ANP’s 6th Round Gets R$5.05bn Bid
(ANP, 7.Nov.2019) â The 6th Production Sharing Bidding Round, held today (November 7) by ANP, bid the block Aram in the Santos Basin. The Round […]
Brazilâs PSC Round 6 Disappoints
(WoodMac, 7.Nov.2019) â Speaking after this morningâs PSC round, Juliana Miguez, from Wood Mackenzieâs Latin America upstream team, said: âPetrobras has returned to the headlines. […]
Brazil Oil Auction A âTotal Disasterâ
(Bloomberg, Sabrina Valle, Peter Millard, and Luiza Ferraz, 6.Nov.2019) â Brazilâs largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro […]
Ecopetrol Updates On Invercolsa Shares
(Ecopetrol, 6.Nov.2019) â Ecopetrol S.A. reports that, as mentioned in certain media and in searches on the Judiciary website, the Colombian Supreme Court of Justice […]
Brazil Tender Disappoints
(Reuters, Gram Slattery, Marta Nogueira, Marianna Parraga, 6.Nov.2019) â Brazilâs biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of […]
Rosneft Cool On Venezuelaâs Sweeter Gas Terms, For Now
(Argus, 6.Nov.2019) â Venezuela is offering sweeter fiscal terms to Russia’s state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby […]
TOR Record R$70bn Bonuses
(ANP, 6.Nov.2019) â The Transfer of Rights Surplus Bidding Round, held today (November 6) by ANP, had two of the four areas on offer acquired […]
Major Disappointment In Brazilâs Surplus Round
(Welligence, 6.Nov.2019) â Brazilâs Surplus Transfer of Rights round (6th November 2019), the biggest resource opportunity of the year globally, has ended in huge disappointment. […]
Petrobras Takes Prize In Brazilâs TOR Round
(WoodMac, 6.Nov.2019) â Brazilâs largest-ever auction of oil licences â the Transfer of Rights round â saw state-controlled Petrobras walk away with the biggest prizes, […]
Petrobras Clarifies Gas Market Agreement
(Petrobras, 5.Nov.2019) â Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council […]
Field Narrows As Brazil Oil Auction Nears
(Reuters, Gram Slattery and Marta Nogueira, 5.Nov.2019) â As Brazil approaches the biggest oil auction in its history â and one of the world’s most […]
McDermott Appoints Chris Krummel As CFO
(McDermott, 5.Nov.2019) â McDermott International, Inc. announced appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Mr. Krummel joined McDermott in […]
Donât Count On Oil To Reignite Latin America
(Project Syndicate, Mauricio CĂĄrdenas, 5.Nov.2019) â Some regard Latin America as the worldâs new oil frontier, and think that the region could potentially add three […]
Can Guyana Survive Striking It Rich?
(Bloomberg, Mac Margolis, 5.Nov.2019) â Early last month, Guyanese President David Granger was knees-down in a community garden brandishing a spade. Granger was there to plant […]
What A Mammoth Oil Auction Means for Brazil
(Americas Quarterly, Naki Mendoza, 5.Nov.2019) â A pre-salt auction 20 years in the making could have broad repercussions for the economy and Jair Bolsonaroâs government. […]
Flexential Expands To LatAm With Seaborn
(Flexential, 4.Nov.2019) â Flexential announced it is expanding its FlexAnywhere offering, providing customers direct access to Seaborn Networks’ transoceanic platform for the low latency, high-speed, […]
Repsol Lowers Venezuela Exposure
(Argus, 4.Nov.2019) â Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small […]
Petrobras Extends Period On Argentine Exchange
(Petrobras, 4.Nov.2019) â Petrobras informs, in addition to the press releases issued on August 9 and October 4, 2019, that it has decided to extend […]
Bolivian Opposition leader Calls For New Election
(Reuters, Daniel Ramos and Vivian Sequera, 3.Nov.2019) â Bolivia’s chief opposition leader on Sunday called for new elections to resolve the political crisis engulfing the […]
Maduro Pledges Funds For Shipyard In Argentina
(Reuters, Luc Cohen, 3.Nov.2019) â Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers […]
Greek-flagged Tanker Blamed For Brazil Oil Spill
(BBC, 2.Nov.2019) â Brazilian officials suspect a Greek-flagged tanker was the source of an oil spill that has stained about 2,500km (1,553 miles) of Brazil’s […]
Uruguayâs UTE Sets Energy Export Record
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2019) â Uruguay generated a total of 60.7 gigawatt hours (GWh) of energy on 30 Oct., of which more than […]
Uruguayâs UTE Sets 2019-2023 Budget At $1.2bn
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2019) â Uruguayâs UTE plans to spend approximately $1,248 million during the five-year budget period 2019-2023, of which a quarter […]
Brazil Says Oil Spill Traces Reached Marine Park
(AP, 2.Nov.2019) â Brazil says small amounts of oil from a spill along the northeast coast have reached a national marine park. Naval and environmental […]
Ecuadorâs Block 43 ITT Output Above 86.6 Mb/d
(Energy Analytics Institute, Piero Stewart, 1.Nov.2019) â Production from Ecuadorâs Block 43 ITT (Ishipingo, Tiputini, Tambococha), exceeded 86,618 barrels per day of oil on 31 […]
Brazil Targets Greek Tanker For Spill
(Argus, 1.Nov.2019) â Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast. Federal […]
Petrobras Discloses E&P Teaser In SergipeAlagoas Basin
(Petrobras, 1.Nov.2019) â Petrobras reports that it has started the opportunity disclosure stage (teaser) regarding the sale of its interest in 15 onshore exploratory blocks, […]
Petrobras Completes Belem Bioenergia Brasil Divestment
(Petrobras, 1.Nov.2019) â Petrobras, following on the press release issued on 08/08/2019, reports that its subsidiary Petrobras BiocombustĂveis S.A. (âPBIOâ) completed today the sale of […]
Petrobras Inks TOR Amendment Agreement
(Petrobras, 1.Nov.2019) â Petrobras, following the press release issued on October 31, 2019, reports that it has signed today the Amendment to the Transfer of […]
Bolsonaro Wants Brazil In OPEC
(AAWSAT, Mosaed al-Zayani, 31.Oct.2019) â Brazil’s President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add […]
Brazil’s $50bn Oil Boom Is Falling Apart
(Oilprice.com Julianne Geiger, 31.Oct.2019) â Exxon may not be interested in stepping up to the bidding plate at Brazilâs massive $50 billion transfer of rights […]
Petrobras On Amendment To TOR Deal
(Petrobras, 31.Oct.2019) â Petrobras in addition to the press release issued on October 23, 2019, reports that the signing of the Amendment to the Transfer […]
Bolsonaro Wants Brazil In OPEC
(Reuters, Stephen Kalin, Rania El Gamal, Alex Lawler, 30.Oct.2019) â Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, […]
Exxon, Hess Move Up Guyana First Oil Date
(Chron.com, Jordan Blum, 30.Oct.2019) â Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to […]
Ecopetrol To Ratchet Up Oil Output By 4% In 2020
(S&P Global Platts, 30.Oct.2019) â Colombia’s state-controlled Ecopetrol is targeting 2020 production of 740,000-760,000 barrels of crude and equivalents per day, up to 4% more […]
Buenavista Renewables Closes Debt Financing
(Buenavista Renewables, 29.Oct.2019) â Buenavista Renewables (BVR) and Micronesia Renewable Energy (MRE) have closed a US$4.3 million loan with Bank of Guam for the construction […]
Mexico: Hydro Enters Energy Plan
(Argus, 29.Oct.2019) â Mexico expanded its clean energy certificates (CELs) to legacy, mostly hydropower generators previously excluded from the program, which was created primarily to […]
BP Eyes Brazil Gas Buildout
(Reuters, Gram Slattery, 29.Oct.2019) â BP Plc wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said […]
Ecopetrol’s 3Q:19 Results
(Ecopetrol, 29.Oct.2019) â Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the third quarter and the first nine months of 2019, prepared in accordance […]
Hess Announces Oil Find At Esox-1 GOM Well
(Hess, 29.Oct.2019) â Hess Corporation announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf […]
The Atlantic Is Key To Colombiaâs Energy Needs
(FT.com, Gideon Long, 28.Oct.2019) â Colombiaâs proven oil reserves will run out within the next seven years and its gas reserves within 10. Faced with […]
McDermott Updates On PEMEX Abkatun-A2 Platform
(McDermott, 28.Oct.2019) â McDermott International, Inc. announced substantial completion of PEMEX Exploracion y Produccion’s Abkatun-A2 Platform. The production platform is located in Mexico’s Bay of […]
Barbados, T&T Gas Search
(Caribbean Life, George Alleyne, 25.Oct.2019) â In what may be emerging as a Caribbean energy triangle of sorts, Barbados and Trinidad and Tobago have signed […]
Petrobras Starts Non-binding Phase For Refineries
(Petrobras, 24.Oct.2019) â Petrobras, following up on the press release issued on September 13, 2019, reports the beginning of the non-binding phase related to the […]