Energy Analytics Institute (EAI)

Petrobras Delists Shares From Argentine Exchange

(Petrobras, 9.Aug.2019) — Petrobras announces that its General Shareholders’ Meeting approved today the delisting of its common and preferred shares from Bolsas y Mercados Argentinos […]

Petrobras Inks Deal To Divest Interest In Belem Bioenergia Brasil

(Petrobras, 8.Aug.2019) — Petrobras reports that its subsidiary Petrobras Biocombustíveis S.A. (PBIO) signed today a contract to sell its 50% stake in Belem Bioenergia Brasil […]

BHP To Invest $283mn In Trinidad Project

(Reuters, 7.Aug.2019) — Global miner BHP Group said it has approved an investment of $283 million to fund the development of an oil and gas […]

Data Consortiums Signal The Future Of Oil And Gas

(WoodMac, 7.Aug.2019) — The energy industry has a data problem: Every major exploration and production company collects petabytes of data, but their analysis is limited […]

BHP To Invest $283mn In Trinidad Project

(Reuters, 7.Aug.2019) — Global miner BHP Group said on Thursday it has approved an investment of $283 million to fund the development of an oil […]

Brazil Market Reform Unlocks Investments

(WoodMac, 6.Aug.2019) — Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities […]

Codelco Sells 37% Stake In Natgas Plant For $193.5mn

(Reuters, 6.Aug.2019) — Chile’s Codelco, the world’s No. 1 copper producer, said on Tuesday it sold its stake in the GNL Mejillones natural gas plant […]

U.S. Expands Sanctions Against Venezuela

(WSJ, Vivian Salama, 6.Aug.2019) — The Trump administration imposed a total economic embargo against the government of Venezuela, a significant escalation of pressure against the […]

Trump Imposes New Curbs In Bid To Pressure Maduro

(Bloomberg, 6.Aug.2019) — President Donald Trump imposed further sanctions on Venezuela, freezing the government’s assets in the U.S. and adding immigration restrictions in a move […]

US Escalates Venezuela Sanctions

(Platts, 6.Aug.2019) — The US escalated sanctions against Venezuela late Monday and may use the executive order to target crude flows to China and India, […]

Pre-salt E&P May See Spending Boost

(WoodMac, 6.Aug.2019) — Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities […]

Canadian Solar Energizes Solar Plant In Argentina

(Canadian Solar, 5.Aug.2019) — Canadian Solar Inc. announced its 100.1 MWp Cafayate solar power project in Argentina started commercial operation on July 19, 2019. It […]

IEnova Suspends CFE Deal Related To El Oro Pipeline

(IEnova, 5.Aug.2019) — Infraestructura Energética Nova, S.A.B. de C.V., (IEnova), reports that, within the framework of the Negotiation Rounds convened by the Federal Government related […]

Petrobras Starts Phase To Sale Espírito Santo Assets

(Petrobras, 5.Aug.2019) — Petrobras, following up on the release dated 07/05/2019, informs the beginning of the binding phase related to the sale of all its […]

Qatar Petroleum In Guyana Exploration Deal

(Trade Arabia, 5.Aug.2019) — Qatar Petroleum has entered into an agreement with French oil major Total for a share of exploration and production rights in […]

Brazil To Reduce Natgas Imports From Bolivia

(Merco Press, 5.Aug.2019) — The Brazilian oil company Petrobras has announced that in the coming months it will reduce its imports of Bolivian natural gas, […]

The ‘Citgo 6’ Remain Imprisoned In Venezuela

(Oilprice.com, Tsvetana Paraskova, 5.Aug.2019) — Six U.S. executives at Citgo, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, were detained by Nicolas Maduro’s regime […]

Petrobras Approves Revision Of LPG Pricing Policy

(Petrobras, 5.Aug.2019) — Petrobras reports that its Executive Board has approved revision of its LPG pricing policy for residential use, sold for bottling in cylinders […]

Trump Freezes All Venezuelan Govt Assets

(Reuters, Matt Spetalnick and Roberta Rampton, 5.Aug.2019) — U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on […]

Guaido Govt Authorized To Pick Citgo BODs, Court Says

(Energy Analytics Institute, Piero Stewart, 5.Aug.2019) — Court says National Assembly leader Juan Guaido authorized to appoint the directors of Houston-based refiner Citgo Petroleum, company […]

Brazil Sees Oil Output Shrink Over Three Months

(The Rio Times, Richard Mann, 3.Aug.2019) — Oil production in the country dropped 6.4 percent from May to June after rising in the first months […]

Citgo Petroleum Hails Legal Victory

(Citgo, 2.Aug.2019) — A Delaware court affirmed the authority of the Guaido Government to make appointments to the Citgo Petroleum Corporation Board of Directors (in Jiménez […]

Petrobras Gets R$1.275bn Advance From Eletrobras

(Petrobras, 2.Aug.2019) — Petrobras informs that today Centrais Elétricas Brasileiras S.A. – Eletrobras settled in advance R$ 1.275 billion of the outstanding balance of the […]

Frontera Reports Approval For Guyana Resequencing

(Frontera, 2.Aug.2019) — Frontera Energy Corporation said a resequencing of CGX Energy Inc.’s work programme in the Corentyne block, offshore Guyana, held by its wholly […]

LatAmNRG Briefs and Heard On the Street: Guyana, Venezuela, Chile, Peru

(Energy Analytics Institute, Jared Yamin and Piero Stewart, 2.Aug.2019) — LatAmNRG briefs and heard on the street related to Sempra Energy’s divestments in South America, […]

Petrobras Reports Production Boost

(Reuters, Gram Slattery and Marta Nogueira, 2.Aug.2019) — Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after […]

Mexican Lawsuit Risks Permian Route To Market

(Petroleum Economist, Charles Waine, 2.Aug.2019) — Mexico’s Comisión Federal de Electridad (CFE), the state-owned electricity utility, has started legal proceedings against seven natural gas pipelines. […]

Citgo Holding, Inc. Refinances $1.87bn Debt

(Citgo, 1.Aug.2019) — CITGO Holding, Inc., parent company of CITGO Petroleum Corporation (CPC), confirmed it has completed its previously announced refinancing transactions to redeem and […]

Frontera Energy Announces Strong 2Q:19 Results

(Frontera, 1.Aug.2019) — Frontera Energy Corporation announces release of its Interim Condensed Consolidated Financial Statements for the second quarter of 2019, together with its Management, […]

Frontera Announces 2Q:19 Conference Call Details

(Frontera, 1.Aug.2019) — Frontera Energy Corporation announces a conference call for investors and analysts will be held on Friday, August 2, 2019 at 8:00 a.m. […]

Venezuela Oil Exports Slid 17.5% In July-Data

(Reuters, Marianna Parraga, 1.Aug.2019) — Venezuela’s oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run […]

Petrobras Approves Pmt Of Shareholder Remuneration

(Petrobras, 1.Aug.2019) — Petrobras informs that its Board of Directors, at a meeting held today, approved the distribution of anticipated remuneration to shareholders as interest […]

Russian Fuel Flowing Miles To Venezuela

(Bloomberg, 1.Aug.2019) — Russian oil products are making their way to sanction-stained Venezuela, affording a reprieve for the Latin American nation as it battles persistent […]

From Energy To Movies, TT Bids To expand Investment

(T&T Newsday, Clint Chan Tack, 1.Aug.2019) — Space may be the final frontier. But for TT, Africa is “the new frontier,” as this country seeks […]

Frontera Announces Regular And Special Dividends

(Frontera, 1.Aug.2019) — Frontera Energy Corporation announces that its board of directors has declared a regular dividend of C$0.205 per common share and a special […]

The U.S.’ Plan To Rebuild Venezuela After Maduro

(WSJ, Paulo Trevisani, 1.Aug.2019) — U.S. Commerce Secretary Wilbur Ross laid out a plan including credit and investment to help rebuild Venezuela’s economy under democratic […]

Arroyo And Natixis Close PMGD Financing Of Solar PV Projects In Chile

(Arco, 31.Jul.2019) — ARCO 3 SpA and Natixis have successfully closed senior facilities totaling US$69.1 million for the up-to-70MW portfolio of solar PV plants in […]

Ecopetrol Call To Discuss Oxy Midland Basin Deal

(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announces that on August 1st, Ecopetrol’s senior management will host two conference calls to review the joint venture with Occidental […]

Ecopetrol and Occidental Form Strategic Midland JV

(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announced formation of a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental’s Midland Basin properties […]

Enel Signs With Angloamerican In Chile

(Enel, 30.Jul.2019) — Enel, through its Chilean subsidiary Enel Generación Chile, and global mining company AngloAmerican signed an agreement whereby Enel’s Chilean subsidiary will supply […]

Venezuelan Exiles Honing Day-After Action Plan

(Argus, 30.Jul.2019) — Venezuela´s fledgling opposition government is putting the final touches on a strategic package of economic measures designed to allow time for a […]

Moody’s Confirms Ecopetrol Investment Grade Rating

(Ecopetrol, 30.Jul.2019) — Ecopetrol S.A. announces that the rating agency Moody’s has kept the Company’s long-term international rating at Baa3, with stable outlook. In its […]

Guyana Find Progresses Amid Political Tensions

(Forbes, David Blackmon, 29.Jul.2019) — Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving […]

Qatar Petroleum Enters Blocks In Guyana

(Qatar Petroleum, 29.Jul.2019) — Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore […]

Argentina Gas Output At Highest Point In 11 years

(Energy Analytics Institute, Aaron Simonsky, 29.Jul.2019) — Production of crude oil and natural gas in Argentina continues to rise, aided by growth in unconventional volumes […]

Petrobras Closes BR’s Public Offering For $9.6 Billion

(Petrobras, 29.Jul.2019) — Petrobras announces the closing, on this date, of the secondary public offering of 393,187,500 common shares issued by Petrobras Distribuidora S.A (“BR”) […]

Amerisur Reports Completion Of Sol-1 Well

(Amerisur, 29.Jul.2019) — Amerisur Resources Plc announced completion of testing operations at the Sol-1 exploration well in Colombia. CPO-5 (WI 30%): Sol-1 Exploration Well Update […]

India Boosts Imports Of Venezuelan Oil

(Argus, 29.Jul.2019) — India’s imports of Venezuelan crude jumped by 25pc year on year in June and by 37pc from May, reflecting the limited reach […]

Petropiar JV starts blending

(Reuters, 29.Jul.2019, Words: 316) — Venezuelan state-run oil company PDVSA said on Monday the Petropiar extra-heavy crude upgrader, part-owned by U.S. oil company Chevron Corp, […]

Odebrecht Inks Post-‘Car Wash’ Deal With Petrobras

(Reuters, Marta Nogueira and Gram Slattery, 29.Jul.2019) — Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as […]