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Guaido Sacks Colombia Envoy, Oil Boss Freites Quits

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(Argus, 27.Nov.2019) — Another prominent figure in Venezuela’s US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political party in the latest signs of internal discord. In a 26 November letter, self-declared interim president Juan Guaido informed his Colombia envoy Humberto Calderon Berti […]

Apache To Explore Offshore Cuba

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(Dominican Today, 27.Nov.2019) — The Ministry of Energy and Mines (MEM) awarded Apache Dominican Republic Corporation, a subsidiary of the US Apache Corporation, an offshore block in the San Pedro de MacorĂ­s basin for exploration and exploitation of oil and gas. The award was delivered at the country’s first auction […]

Rosneft Undermining US Plans In Venezuela?

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(Atlantic Council, Matthew Bryza, 27.Nov.2019) — US President Donald Trump is conducting policies of “maximum pressure” on two countries, Venezuela and Iran. In Venezuela, Russia’s state-owned oil company, Rosneft, actively undercuts this US policy by helping Caracas circumvent Washington’s tough economic sanctions. Yet Washington has not applied broad sanctions against […]

Bolivia Repairing Carrasco-Cochabamba Gas Pipeline

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(Energy Analytics Institute, Ian Silverman, 27.Nov.2019) — Bolivia commenced operations to repair a 200-meter section of the Carrasco-Cochabamba Gas pipeline damaged by an explosion that left the industrial sector of Cochabamba, La Paz and Oruro without power supply. Work has started and shortly normalization of gas flows are expected to […]

Petrobras Deal With Acron Group Flops

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(Energy Analytics Institute, Aaron Simonsky, 26.Nov.2019) — Brazil’s state oil company Petrobras announced that ongoing negotiations with Acron Group closed without the companies coming to agreement regarding divestment of the Brazilian company’s 100% equity interest in AraucĂĄria Nitrogenados S.A. (ANSA) and Nitrogen Fertilizer Unit III (UFN-III). Rio de Janeiro-based Petrobras […]

Cos. Bid On 15 Colombian Blocks

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(Reuters, 26.Nov.2019) — Oil companies placed bids for just 15 of 59 blocks in Colombia’s ongoing oil auction, the national hydrocarbons agency (ANH) said on Tuesday, below the ANH’s hoped-for number of offers. The ANH had said it wanted to sign 20 contracts as a result of the round, bringing […]

Unpaid Bills Add To Pemex Woes

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(Bloomberg, Amy Stillman, Peter Millard and Justin Villamil, 26.Nov.2019) — Companies that help keep Mexico’s faltering oil wells operating are waiting months to get paid and the debts are building up, complicating efforts to revive an industry whose production has plunged by half since 2004. Pemex, facing pressure from the […]

JinkoSolar To Supply 950MW To X-ELIO

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(JinkoSolar, 26.Nov.2019) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced it has delivered to X-ELIO, a leading company dedicated to the development, construction and operation of photovoltaic plants, 950 MW of its ultra-high efficiency Cheetah 72 cells solar modules […]

Venezuela Ships Petcoke Cargo To Cuba

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(Energy Analytics Institute, Piero Stewart, 25.Nov.2019) — OPEC member country Venezuela reportedly shipped a cargo of petroleum coke to Cuba valued at an estimated $1.7 million, according to sources in Punto Fijo, Venezuela. A cargo of 26,000 metric tons of petcoke was loading onto the Lagonda tanker on 24 Nov. […]

YPFB Dispatches Fuel, LPG From Senkata Plant

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(Energy Analytics Institute, Ian Silverman, 23.Nov.2019) — Bolivia’s state oil company Yacimientos PetrolĂ­feros Fiscales Bolivianos announced the dispatch of 1.8 million liters of gasoline and diesel and 10,119 bottles (cylinders) of liquefied petroleum gas (LPG) to the cities of La Paz and El Alto after suspension of a blockade at […]

ENAP Maritime Terminal Certified By Navy

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(Energy Analytics Institute, Aaron Simonsky, 22.Nov.2019) — The marine terminal related to ENAP’s BĂ­o BĂ­o Refinery, located in the port of San Vicente in the community of Talcahuano, received its operational certificate. The certificate – delivered by the Chilean Navy – guarantees that the company meets the requirements demanded by […]

BPC And Baker Hughes Seal Bahamas Deal

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(Offshore Energy, 22.Nov.2019) — Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well in The Bahamas in 2020. However, the company is still working to secure the financing and finalize a rig contract with Seadrill. In August 2019, […]

Bolivia Gov’t Charges Morales With Terrorism

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(Reuters, Daniel Ramos, 22.Nov.2019) — Bolivia’s interim government filed a criminal complaint on Friday against former President Evo Morales for alleged sedition and terrorism, the interior minister said, as authorities began probes of his allies that they accuse of corruption and fomenting unrest. Interim President Jeanine Anez, a former senator […]

Petrobras Starts Refinery Binding Phase

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(Petrobras, 22.Nov.2019) — Petrobras, following up on the release dated August 30, 2019, informs the beginning of the binding phase regarding the first stage of the sale of refining and associated logistics assets in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in […]

JCC-indexed LNG Contracts Could Lose $15bn

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(WoodMac, 21.Nov.2019) — Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the […]

Moody’s Ecopetrol Review

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(Moody’s, 21.Nov.2019) — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Ecopetrol S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of […]

Trinidad’s Gas Reserve Rise Slightly In 2018

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(Energy Analytics Institute, Piero Stewart, 20.Nov.2019) — Trinidad and Tobago’s proved natural gas reserves rose just 0.1% to 10,526 billion cubic feet (Bcf) in 2018 compared to 10,515 Bcf in 2017, according to details in a reserve report prepared by Ryder Scott Company Petroleum Consultants. The country’s probable gas reserves […]

Some 140 Bolivian Industries Lacking Gas

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(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — At least 140 industries – including large and medium sized ones in the Bolivian departments of La Paz, Cochabamba and Oruro – have been affected by a lack of natural gas supply resulting from damage to the Carrasco-Cochabamba (GCC by its Spanish acronym) […]

LatAmNRG Bolivia Briefs: Fuel Prices, New YPFB Head

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(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — Heard on the street and LatAmNRG briefs related to Bolivia’s National Hydrocarbon Agency (ANH) establishing maximum fuel prices and appointment by Bolivia’s Interim President Jeanine Añez of JosĂ© Luis Rivero as the new president of the country’s state oil and gas company Yacimientos […]

Ecuador Names New Energy Minister

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(Reuters, 19.Nov.2019) — Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its mining sector. Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons. Agusto has previously worked […]

Bolivia Names New YPFB President

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(Argus, Patricia Garip, 19.Nov.2019) — Bolivia’s fragile interim government appointed Jose Luis Rivero Sandoval the new president of state-owned oil and gas company YPFB. Rivero, who replaces Oscar Barriga, is a former YPFB geologist who previously worked in Mexico, Venezuela and the US. His first task is to “recover gas […]

Is Big Oil Wasting Its Time in The US Shale Patch?

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(Oilprice.com, Nick Cunningham, 19.Nov.2019) — Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and moving forward with aggressive drilling plans. The business model for small and medium-sized drillers has […]

Petrobras Eyes Deep Offshore Shift In 2020

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(Reuters, 19.Nov.2019) — Brazil’s state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday. The major shift to deep offshore areas will correspond with onshore exploration […]

CUPET To Host Licensing Round Workshop

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(GEP, 18.Nov.2019) — As the official CUPET meeting and roadshow to mark Cuba’s first offshore bid round, the Cuba Energy, Oil and Gas conference will be returning at the end of the month (26-29 November) hosted by CUPET. Featured as part of this year’s four day conference programme, CUPET, alongside […]

Moody’s Ends YPF Review

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(Moody’s, 15.Nov.2019) — Moody’s Investors Service completed a periodic review of the ratings of YPF Sociedad Anonima and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the […]

Total Reports 1st Oil From Iara Offshore Brazil

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(Total, 15.Nov.2019) — France’s Total announced first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt. This marks the start-up of the FPSO P-68, the first of the two floating production, storage and offloading units (FPSO) already launched and to be installed on the license. […]