Energy Analytics Institute (EAI)

Bolsonaro Said Wanting To Privatize Petrobras: Rpt

(Reuters, 21.Aug.2019 ) — The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of […]

Equinor And YPF Ink Offshore Exploration Deal

(Equinor, 21.Aug.2019) — Equinor’s executive vice president for Exploration, Tim Dodson, and YPF’s CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN […]

Argentina Inks NatGas Export Deal With Chile

(Energy Analytics Institute, Aaron Simonsky, 21.Aug.2019) — Argentina and Chile signed an agreement for the export of natural gas from the former to the latter. […]

SQM To Hold 2Q:19 Conference Call

(SQM, 21.Aug.2019) — SQM will hold a conference call to discuss these results on Thursday, August 22, at 12:00pm ET (12:00pm Chile time). Participant Dial-In […]

Capital Discipline In GOM Lease Sale: WoodMac

(WoodMac, 21.Aug.2019) — Capital discipline remains key for offshore operators, judging by the results of today’s US Gulf of Mexico region-wide lease sale. Lease Sale […]

China Stays Venezuela Course

(Argus, 20.Aug.2019) — The Chinese government is so far showing no sign of curtailing its oil ties to Venezuela, despite state-owned PetroChina’s rescheduling of Merey […]

Argentina’s Energy Secretariat Meets With Governors, Companies

(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui held a meeting in provinces with governors and oil company executives to discuss […]

New Caracas Blackout Compounds Energy Woes

(AP, 20.Aug.2019) — Parts of Venezuela’s capital and at least one state endured a power blackout on Tuesday lasting several hours, in an occurrence that […]

ONGC Videsh To Exit Colombian Blocks

(Cogencis, Sukalp Sharma, 20.Aug.2019) — ONGC Videsh Ltd plans to relinquish three exploratory blocks–RC-9, RC-10, and GUA OFF-2–in Colombia in the current financial year ending […]

Argentina Seeks To Stabilize Peso As Oil Companies Fret About Price Freeze

(S&P Global Platts, 20.Aug.2019) — Argentina’s newly installed economy minister, Hernan Lacunza, said Tuesday he will focus on stabilizing the currency as the key to […]

Petrobras Informs Of CARF Favorable Decision

(Petrobras, 20.Aug.2019) — Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today a favorable decision on an administrative tax proceeding regarding the […]

15 Guyanese Companies To Attend Aberdeen Exhibition

(Stabroek News, 20.Aug.2019) — The representatives of 15 Guyanese companies will be participating in an oil and gas conference and exhibition in Aberdeen, Scotland, next […]

‘The More Operators In Guyana’s Oil Fields The Better’

(Stabroek News, 20.Aug.2019) — Guyana is better off with more operators and countries involved in its oil fields, British High Commissioner to Guyana Gregory Quinn […]

Venture Global Announces FID For Calcasieu Pass LNG

(Venture Global LNG, 20.Aug.2019) — Venture Global LNG, Inc. is proud to announce the final investment decision (FID) and closing of the project financing for […]

Trinidad Inks Definitive Agreement With Shell

(Ministry of Energy and Energy Industries, 19.Aug.2019) — The Honourable Minister of Energy and Energy Industries announces the finalization of negotiations between the Government and […]

Cameron LNG Starts Ops For Train 1 Export Project

(Cameron LNG, 19.Aug.2019) — Sempra LNG, a Sempra Energy subsidiary, today announced that Cameron LNG’s first train of the liquefaction-export project in Hackberry, La., has […]

CNPC Suspends Venezuelan Oil Loading

(Reuters, Chen Aizhu and Marianna Parraga, 18.Aug.2019) — China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest […]

Colombia’s Transandino Pipeline Damaged

(Reuters, 17.Aug.2019) — A bomb and two illegal valves have damaged sections of Colombia’s Transandino pipeline, state-run oil company Ecopetrol said on Saturday. The two […]

BW Offshore Gets ANH Approval For Maromba Field

(BW Offshore, 17.Aug.2019) — BW Offshore (BWO) announced The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as […]

Argentina Enforces Fuel Price Caps

(Argus, 16.Aug.2019) — The price cap takes effect immediately, according to a decree published in the Official Bulletin, the newspaper of record. The downstream sector […]

Argentina Freezes Local Oil, Fuel Prices For 90 Days

(Baker McKenzie, 16.Aug.2019) — In a context of a series of government measures aimed at appeasing the adverse economic effects arising as a result of […]

Argentina Caps Oil Prices By Decree

(Argus, 16.Aug.2019) — Argentina implemented a three-month freeze on fuel and crude prices through an emergency decree, eschewing an earlier plan to apply a decades-old […]

Sungrow Supplies Argentina’s Solar Plant

(Sungrow, 16.Aug.2019) — Sungrow, the global leading inverter solution supplier for renewables, announced that a 100.1 MWp solar plant utilizing the Company’s 1500Vdc central inverter […]

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

(Oilprice.com, Julianne Geiger, 16.Aug.2019) — Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their […]

Suriname Seeking Funds for Offshore Exploration

(Reuters, 16.Aug.2019) — Suriname’s state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, […]

OPEC Sees Bearish Oil Outlook For Rest Of 2019

(Reuters, Alex Lawler, 16.Aug.2019) — OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted […]

Petrobras Wins 2019 Transparency Trophy

(Petrobras, 16.Aug.2019) — Petrobras reports that it is one of the winning companies of the 2019 Transparency Trophy. The company was among the 10 best […]

Mexican Gov’t To Keep Investing In Pemex

(Reuters, 16.Aug.2019) — Mexican President Andres Manuel Lopez Obrador said on Friday that his government would keep investing in state oil company Pemex, which is […]

Suriname’s State Oil Entity Plans Bond Issuance

(Reuters, Ank Kuipers, 15.Aug.2019) — Suriname’s state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said […]

PetroRio Records Net Revenue Of R$547.9mn

(PetroRio, 15.Aug.2019) — PetroRio, the largest independent oil and gas company in the country, closed the second quarter of 2019 with records in operational and […]

Fact Box: PetroRio’s Frade And Polvo Fields

(PetroRio, 15.Aug.2019) — Details of PetroRio’s Frade and Polvo Fields in Brazil. Frade Field The Frade Field is located in deepwaters of Campos Basin, about […]

US Set To Sanction Rosneft Oil, Fuel Trade With PDVSA

(S&P Global Platts, 15.Aug.2019) — The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela’s […]

Venezuela’s Congress To Consider Scaled-back Reform

(Reuters, By Luc Cohen, 15.Aug.2019) — Venezuela’s opposition-controlled congress is considering reforms to the country’s oil law that would open up the sector to private […]

Petrobras Updates On CDB Debt Pre-Payment

(Petrobras, 14.Aug.2019) — Petrobras reports that today it fully prepaid a financing contract with China Development Bank (CBD) due in 2024, totaling US$ 3 billion. […]

Citgo Petroleum Corp. Names Carlos E. Jorda As CEO

(Citgo, 14.Aug.2019) — The Board of Directors of Citgo Petroleum Corporation has selected Carlos E. Jorda to occupy the Chief Executive Officer (CEO) position after […]

Petrobras Clarifies About Fertilizer Divestments

(Petrobras, 14.Aug.2019) — Petrobras clarifies, in relation to news disclosed by the media, that the values related to the sale of the Nitrogen Fertilizer Unit […]

Petrobras Promotes Advances In Governance

(Petrobras, 14.Aug.2019) — Petrobras informs that it continuously improves its governance system, in compliance with the best market practices, with the objective of strengthening internal […]

PDVSA Partners Fear Latest U.S. Sanctions: Sources

(Reuters, Luc Cohen, 14.Aug.2019) — Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the […]

Petrobras Confirms CAPEX For 2019-2023 Set At $84.1bn

(Petrobras, 14.Aug.2019) — Petrobras reports it has received the Official Letter No. 713/2019-SLS, which requests the following clarification: Official Letter nº 713/2019-SLS “Dear Gentlemen, In […]

Rosneft Seeks Euros Payment In Naphtha Tender

(Reuters, 14.Aug.2019) — Russian state oil company Rosneft has for the first time asked buyers to use the euro as the default currency in a […]

Guaido Names Execs To Debt Renegotiating Commission

(Energy Analytics Institute, Jared Yamin, 13.Aug.2019) — Venezuela’s National Assembly leader Juan Guaido announced creation of a special commission dedicated to renegotiating the OPEC country’s […]

Petrobras Says 20+ Groups Interested In Refineries

(Reuters, 13.Aug.2019) — More than 20 potential bidders are interested in the refineries that Brazil’s state-controlled oil company Petroleo Brasileiro SA plans to sell, the […]

Citgo To Name New CEO

(Reuters, Marianna Parraga, 13.Aug.2019) — Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, […]

Ecopetrol Group Announces Second Quarter 2019 Results

(Ecopetrol 12.Aug.2019) — Ecopetrol S.A. announced the Ecopetrol Group’s financial results for the second quarter of 2019, prepared in accordance with International Financial Reporting Standards […]

Argentina’s Opposition Primary Win May Put Energy Investment On Hold

(S&P Global Platts, 12.Aug.2019) — Argentina’s leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries Sunday, putting […]

Tullow Says Jethro-1 Well Finds 55M Of Net Oil Pay Offshore Guyana

(Tullow, 12.Aug.2019) — Tullow Oil plc announces the results of its Jethro-1 exploration well, drilled on the Orinduik licence offshore Guyana by its wholly owned […]

Jethro-1 Delivers The Goods For Tullow Offshore Guyana

(WoodMac, 12.Aug.2019) — The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the […]

How Trinidad Benefits From Venezuelan Crisis

(Oxford Business Group, 10.Aug.2019) — In June the UN estimated that 4m people had fled Venezuela as a result of the crisis. Of these, some […]

Petrobras Signs COMPERJ Licensing Agreement

(Petrobras, 9.Aug.2019) — Petrobras informs signed a Conduct Adjustment Agreement in the amount of R$ 814.5 million with the State of Rio de Janeiro, the […]

Petrobras Inks Deal For Sale Of Potiguar Basin Fields

(Petrobras, 9.Aug.2019) — Petrobras reports that today it signed with SPE 3R Petroleum S.A., a wholly owned subsidiary of 3R Petroleum e Participações S.A., a […]