Energy Analytics Institute (EAI)

Irving-Texas’ ExxonMobil Decides To Develop Argentina’s Oil Block

(Zacks, 12.Jun.2019) — Exxon Mobil Corporation XOM recently announced its decision to develop an oil project in Argentina. The long-term project will be conducted in […]

Poland’s PGNiG And Venture Global LNG To Acquire 1.5 MTPA Of LNG

(Venture Global, 12.Jun.2019) — In connection with the state visit of The President of Poland, Andrzej Duda to Washington D.C., the Polish Oil and Gas […]

NYSE Issues Continued Listing Standard Notice To Pioneer Energy Services

(Pioneer, 12.Jun.2019) — Pioneer Energy Services announced that it has been notified by the New York Stock Exchange (NYSE) that its common stock does not […]

Total, Shell, Petrobras Launch Mero 2 Project Offshore Brazil

(Chron.com, Jordan Blum, 12.Jun.2019) — The Libra Consortium led by Petrobras, Royal Dutch Shell and Total said they’ve authorized construction of the multibillion-dollar Mero 2 […]

Chile’s Comodoro Airport In Santiago To Run On Solar Energy

(Xinhua, 11.Jun.2019) — Photovoltaic panels will be installed to employ solar energy at Santiago’s Comodoro Arturo Merino Benitez International Airport, said Lucas Palacios, Chile’s vice […]

Libra Consortium Takes FDI On Mero-2 FPSO In Brazil’s Pre-Salt

(Shell, 11.Jun.2019) — Libra Consortium announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at […]

Canacol’s Acordeon 1 Exploration Well Tests At 33 MMcf/d In Colombia

(Canacol, 11.Jun.2019) — Canacol Energy Ltd. released results of the Acordeon 1 exploration well located on its 100% operated VIM 5 block in the Lower […]

IEnova Reports Mechanical Completion Of Sur de Texas-Tuxpan Pipeline

(IENova, 11.Jun.2019) — Infraestructura Marina del Golfo, a joint venture between TC Energy Corporation and Infraestructura Energética Nova (IEnova), announced its Sur de Texas-Tuxpan Pipeline […]

Shell To Invest At Least $397 Million In Deepwater Oil Projects In Mexico

(Reuters, 11.Jun.2019) — Mexico’s independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican […]

ExxonMobil Proceeds With Vaca Muerta Project

(ExxonMobil, 11.Jun.2019) — ExxonMobil said it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to […]

Ghana To Help Guyana’s Energy Sector

(Demerara Waves, 11.Jun.2019) — Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, […]

ANH Approves Occidental Farm Out with Amerisur

(Amerisur, 11.Jun.2019) — Colombia’s National Hydrocarbon Agency (ANH) granted approval of the farm-out agreement with Occidental announced 23 November 2018. The deal relates to four […]

FMC Corp. Realigns Leadership Structure In The Americas

(FMC, 11.Jun.2019) — FMC Corporation announced that it is realigning the leadership structure for its North America and Latin America regions. Ronaldo Pereira, president, FMC […]

Argentine Shale Spurs Search For Oil, Gas Giant

(Platts, 11.Jun.2019) — On the vast, desolate plains of southern Patagonia, Compañía General de Negocios is stepping up drilling and exploration where few companies operate, […]

Trinidad Moves Past Venezuela To Tap Border Gas

(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border […]

Haitians Decry Squandered Venezuelan Oil Funds

(Argus, 11.Jun.2019) — Deadly street protests have erupted in Haiti following the publication of a court report alleging that recent governments mishandled about $2bn in […]

Trinidad Moves Past Venezuela To Tap Border Gas

(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border […]

Parex Announces Discovery At Andina Norte-1 Well, Test Of 2,900 B/D

(Parex, 10.Jun.2019) — Parex Resources Inc. highlighted testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos (WI Parex 50%, Ecopetrol S.A […]

Mexico’s Fuel Market To Be More competitive in 2020

(Platts, 10.Jun.2019) — Mexico’s already liberalizing fuel market will become far more competitive in 2020 as several private midstream projects start operations, multiple oil company […]

Petrobras Announces Secondary Equity Offering By Caixa Econômica Federal

(Petrobras, 10.Jun.2019) — Petrobras announces that Caixa Econômica Federal (the “Selling Shareholder”), has commenced an offering of 241,340,371 common shares, without par value, of Petrobras, […]

Europe’s Norway To Fund 30 MW Solar-Plus-Storage In Guyana

(Renewables Now, 10.Jun.2019) — Norway, through its ministry of climate, has approved the transfer of funds for the construction of 30 MW of solar photovoltaic […]

Eco Reports Mobilization Of Stena Forth Drillship To Orinduik Block, Guyana

(Eco Atlantic, 10.Jun.2019) — Eco (Atlantic) Oil & Gas Ltd. announced mobilisation of the Stena Forth drillship which is now en route to Guyana from […]

Petrobras Says CEF To Divest $1.86 Billion Stake

(Reuters, 10.Jun.2019) — Brazil’s state-run oil company Petroleo Brasileiro SA said Caixa Econômica Federal will sell a stake worth 7.2 billion reais ($1.86 billion) in […]

Comstock Resources Takes Haynesville Lead With $2.2 Billion Covey Park deal

(WoodMac, 10.Jun.2019) — Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park. Greig […]

Norway To Fund 30 MW Of Solar-Plus-Storage In Guyana

(Renewables Now, 10.Jun.2019) — Norway, through its ministry of climate, has approved the transfer of funds for the construction of 30 MW of solar photovoltaic […]

Itaipú Dam Talks To Vent Paraguay’s Pent-up Energy

(FT.com, Andres Schipani, 10.Jun.2019) — From the Guaraní language, Itaipú translates as “the sounding stone”, echoing the reverberations the Paraná river makes as it flows […]

JPS To Get Tax Break On Lithium Batteries

(Jamaica Gleaner, Neville Graham, 9.Jun.2019) — Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows […]

Fire Near PdV’s PLC Refinery Kills Three

(Argus, 9.Jun.2019) — A fire yesterday near state-owned PdV’s 190,000 b/d Puerto La Cruz refinery killed at least three people. Civil emergency and Anzoategui state […]

Heard On The Street Colombia: Fracking, Budget Price, Shale, Gas Supply

(Energy Analytics Institute, Aaron Simonsky, 9.Jun.2019) — Heard on the street related to the Colombian upstream, midstream, downstream and renewable energies sectors. — Colombia’s state […]

LatAmNRG Q&A Series With Barry Blacklock About Water Management In Fracking

(Energy Analytics Institute, Ian Silverman, 8.Jun.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, […]

Colombian Streets Filled With Protests Against Fracking

(Energy Analytics Institute, Piero Stewart, 7.Jun.2019) — Protesters in Colombia took to the streets across the Andean country on Friday 7 June to show their […]

Challenges Stall Mexico’s Billion-dollar Oil Hedge In 2019

(Reuters, Devika Krishna Kumar, Stefanie Eschenbacher, and Marianna Parraga, 7.Jun.2019) — The world’s biggest and most secretive financial oil trade is facing unusual roadblocks this […]

Ecopetrol Reports Attack Along Caño Limón Coveñas Pipeline In Arauca

(Energy Analytics Institute, Piero Stewart, 7.Jun.2019) — Colombia’s state oil company Ecopetrol activated a contingency plan after the most recent attack on 7 June along […]

Bolivia’s Generation Capacity Expected To Reach 3,300 MW In 2019

(Energy Analytics Institute, Ian Silverman, 7.Jun.2019) — Bolivia’s generation capacity is expected to rise this year by 1,000 megawatts (MW) to 3,300 MW, representing an […]

Petrobras Reports On Secondary Public Offering Of BR Distribuidora Shares

(Petrobras, 7.Jun.2019) — Petrobras, following up on the release of05/22/2019, informs that on this date it has submitted to the Brazilian Association of Financial and […]

LatAmNRG Bolivia Briefs: Putin-Morales Meeting, Lithium, Potassium Chloride

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2019) — Heard on the street related to the Bolivian upstream, midstream, downstream and renewable energy sectors including: Russian President […]

CNOOC In Agreement For Acquisition Of 10% Equity Interest In Arctic LNG 2 LLC

(CNOOC, 7.Jun.2019) — CNOOC Limited and CEPR Limited, a wholly-owned subsidiary of the company, entered into a Share Purchase Agreement with Joint Stock Company Novatek […]

UOCRA Union Leader Arrested In Argentina

(Energy Analytics Institute, Aaron Simonsky, 7.Jun.2019) — UOCRA union leader Juan Carlos Levi was reportedly arrested in Argentina after a search of his home, online […]

Millions To Collaborate Worldwide For World Oceans Day This June 8

(World Oceans Day, 7.Jun.2019) — The World Oceans Day Youth Advisory Council will help steer the way this week leading up to World Oceans Day […]

TPHL Bondholders Support Amended Offer

(Trinidad and Tobago Newsday, 7.Jun.2019) — Trinidad Petroleum Holdings Ltd’s (TPHL) decision to amend the terms of its exchange offer for its bonds due this […]

Energy Minister Khan: No Venezuelan Crude For Trinidad

(Trinidad and Tobago Newsday, Sean Douglas, 7.Jun.2019) — The refined oil imported by Paria Fuel Trading Company for local consumption after the closure of the […]

Petrobras Announces Favorable Supreme Court Decision

(Petrobras, 6.Jun.2019) — Petrobras said the Plenary of the Federal Supreme Court (STF) reversed the provisional injunction granted by Minister Ricardo Lewandowski in ADI 5624, […]

Neo Lithium Finds High Grade Lithium At Greater Depth In Argentina

(Neo Lithium, 6.Jun.2019) — Neo Lithium Corp. announced report new drilling results from its wholly-owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, […]

U.S. Tightens Venezuela Oil Sanctions, Indicates More Actions To Come

(Reuters, Roberta Rampton, 6.Jun.2019) — The U.S. Treasury Department on Thursday tightened its pressure on Venezuela’s state-owned oil company by making clear that exports of […]

European Elections: Finally Becoming More Courageous About Climate Protection

(Wintershall, 6.Jun.2019) — The results of the European elections show that German voters are primarily interested in one issue: climate protection. Hugo Dijkgraaf, the member […]

Pemex Debt Holders See Downgrade To ‘Junk’ Status Ahead

(Reuters, Stefanie Eschenbacher and Ana Isabel Martinez, 6.Jun.2019) — Investors at six of the world’s largest asset managers, all of whom own the bonds of […]

ANP 16th Bid Rounds: Mitigating Sky-high Bonuses

(WoodMac, 6.Jun.2019) — After three highly competitive exploration bid rounds in 2018, momentum is building for Brazil’s three-round licensing bonanza that starts later this year. […]

EP PetroEcuador Hosts Executives From Japanese Companies

(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — Executives from the Japanese companies Mitsubishi Motors, Nexi Nippon Export and Investment Insurance and Bank of Tokyo conducted […]

PetroEcuador Completes Second Spot Sale Of 2019 With A $3.09/bbl WTI Spread

(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — EP PetroEcuador awarded for export 3,960,000 barrels of Oriente crude oil of 24-degree API plus/minus 5% to Tesoro […]

Initiatives In The Circular Economy: Eni

(Eni, 6.Jun.2019) — In order to ensure long-term growth in the future, the Company must be economically, technically and environmentally efficient. Efficiency is a broad […]