(Reuters, Marianna Parraga, 6.Dec.2018) — Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages […]
Mexico’s New President Throws Down Gauntlet To Oil Majors
(Reuters, Frank Jack Daniel and David Alire Garcia, 5.Dec.2018) — Mexico’s new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts […]
Argentine Leader Sees Tough Road Ahead
(AP, 5.Dec.2018) — Argentina’s president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a […]
India’s ONGC Gets $32 Million Payment From PDVSA
(Reuters, 5.Dec.2018) — India’s Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of […]
Putin Hosts Venezuela’s President, With Aid To Regime On Agenda
(ABCNews, Anastasia Bagaeva, 5.Dec.2018) — Venezuelan President Nicolas Maduro visited Moscow Wednesday for talks with Russian President Vladimir Putin. The Kremlin said assistance for Maduro’s […]
APR Energy Commissions 120MW Gas Turbine Plant In Dominican Republic
(APR Energy, 5.Dec.2018) — APR Energy announced the successful installation and commissioning of its 120MW power plant for AES Dominicana in the Dominican Republic. APR […]
Petrobras: 2040 Strategic Plan, 2019-2023 Business And Management Plan
(Petrobras, 5.Dec.2018) — Petrobras reports that its Board of Directors has approved, in a meeting held yesterday, the 2040 Strategic Plan and the 2019-2023 Business […]
Petrobras’ Invitation 2040 Strategic Plan & 2019-2023
(Petrobras, 5.Dec.2018) — Petrobras informs that today, Dec. 5, 2018, the company will disclose its 2040 Strategic Plan and 2019-2023 Business and Management Plan. We […]
Without Gas For Cremation, Even Dying Is A Struggle In Venezuela
(Reuters, Mayela Armas and Mariela Nava, 5.Dec.2018) — Angelica Vera of Venezuela’s western state of Zulia planned to cremate her father’s remains after he died […]
ONGC Gets $32mn Pmt From PDVSA
(Reuters, Nidhi Verma, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part […]
ONGC Gets $32mn Pmt From PDVSA
(Reuters, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a […]
Sierra Oil & Gas Announces Agreement With Deutsche Erdoel AG
(Sierra, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra’s business being integrated with Deutsche Erdoel AG (DEA AG), an […]
DEA To Buy Mexico’s Sierra Oil & Gas And Stake In Zama Discovery
(DEA Deutsche Erdoel AG, 4.Dec.2018) — DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil […]
Talos Energy Announces Start Of Zama Appraisal Program In Mexico
(Talos Energy Inc., 4.Dec.2018) — Talos Energy Inc. announced the Zama-2 appraisal well was spud on Thursday, November 29, 2018. The spudding of the Zama-2 […]
Sierra Oil & Gas Announces Deal With Germany’s Deutsche Erdoel AG
(Sierra Oil & Gas, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra’s business being integrated with Deutsche Erdoel AG […]
CGX And Frontera Announce Strategic JV Agreement In Guyana
(Frontera Energy Corporation, 4.Dec.2018) — CGX Energy Inc. and Frontera Energy Corporation entered into a letter agreement to enable CGX to finance the drilling costs […]
Petrobras Announces Reduction Of Significant Shareholding Interest
(Petrobras, 4.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. […]
Wigton Windfarm To List On Jamaica Stock Exchange
(JIS, 3.Dec.2018) — The Wigton Windfarm (WWF) initial public offering (IPO) on the Jamaica Stock Exchange (JSE) is expected for March 2019. General Manager of […]
MSU Energy Raises $250 Million, Secures Financing For 300 MW Expansion
(MSU Energy, 3.Dec.2018) — MSU Energy, a growing power generator with operations located in Argentina, announced significant developments to secure the ongoing expansion and conversion […]
Frontera Starts To Shut Down Production At Block 192 In Peru
(Frontera Energy, 3.Dec.2018) — Frontera Energy Corporation announces an update on Block 192 in Peru. On November 30, 2018, the company was notified by Petroperú […]
Bynoe Says Guyana On Cusp Of Transformational Development
(Guyana Dept. Of Public Information, 3.Dec.2018) — Director, Department of Energy, Dr. Mark Bynoe this morning announced that United States oil giant ExxonMobil has made […]
Petrobras To Pay Interest On Own Capital
(Petrobras, 3.Dec.2018) — Petróleo Brasileiro S.A (Petrobras) is paying today Interest on Own Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. […]
Petrobras And Murphy Conclude Formation Of GOM Joint Venture
(Petrobras, 3.Dec.2018) — Petrobras, following up on the release disclosed on October 10, 2018, concluded the operation that has resulted in the formation of a […]
ExxonMobil Makes 10th Guyana Find; Raises Stabroek Estimate To 5 Bln Bbls
(ExxonMobil, 3.Dec.2018) — ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek […]
Petrobras Executes New Contractual Deal Related To Eletrobras Debts
(Petrobras, 3.Dec.2018) — Petrobras, following up on the release published on Apr. 30, 2018, reports that today it executed contractual instruments related to a new […]
YPFB Initiates Sale Of Urea In El Alto
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) — Bolivia’s YPFB initiated the sale of urea in El Alto at a price of Bs 167 per 50 […]
Mexico’s AMLO Takes Office With Attack on Energy Overhaul
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, […]
India, Chile Discusses Ways To Enhance Cooperation In Trade, Energy
(The Hindu Business Line, 1.Dec.2018) ) — Several Indian companies, including Jindal Steel Works, TCS, Godrej, Dr Reddy’s, Wipro Technologies, Tata Motors, Bajaj Auto and […]
Colombia Temporarily Suspends Search For Electricaribe Buyer
(Reuters, 1.Dec.2018) — The government ordered the liquidation of the company – a subsidiary of Spain’s Gas Natural – in March 2017 because of service […]
Peru-Petro President Says 2018 Investments To Reach $505 Million
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) — Investment in exploration and exploitation of hydrocarbons will reach $505 million in 2018, up 3.9% compared to $486 […]
Bolivia Eyes 30% Increase In Hydrocarbon Subsidy In 2019
(Energy Analytics Institute, Ian Silverman, 1.Dec.2018) — Bolivia envisions a 30% increase in its hydrocarbon subsidy due to the rise in the price of oil […]
Petrotrin Settles Debts, Fights Sabotage
(Trinidad and Tobago Newsday, Carla Bridglal, 1.Dec.2018) — Termination and other exit payments owed to Petrotrin’s workers as part of a $2.7 billion compensation settlement […]
Cosan Limited Announces Commencement Of Tender Offer
(Cosan Limited, 30.Nov.2018) — Cosan Limited commenced a tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at […]
OPDEnergy To Build Solar Photovoltaic Plants In Spain, Chile And Mexico
(OPDEnergy, 30.Nov.2018) — The multinational corporation OPDEnergy – specializing in the production of energy assets and in the management of all related phases (development, financing, […]
YPF Involved In New Oil Spill In Santa Cruz
(Energy Analytics Institute, Aaron Simonsky, 30.Nov.2018) — Argentina’s state oil company YPF has been involved in yet another oil spill. The most recent incident occurred […]
Brazil Withdraws Offer To Host UN Climate Change Conference
(AP, 30.Nov.2018) — Brazil has withdrawn its offer to host a large United Nations conference on climate change next year, the foreign ministry said on […]
New Rules At Panama Canal Expected To Boost U.S. LNG Industry
(Houston Chronicle, Sergio Chapa, Staff writer 30.Nov.2018) — New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal […]
Frontera Energy Oil Operations In Peru Threatened By Pipe Rupture
(Reuters, Marco Aquino, 30.Nov.2018) — Canada’s Frontera Energy Corp could be forced to halt operations in Peru’s largest oil block if a key pipeline ruptured […]
Shale Gluts, Ship Rules Make Heavy Sweet Oil An Unlikely Star
(Bloomberg, Serene Cheong and Dan Murtaugh, (30.Nov.2018) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known […]
Normal Heavy Oil Extractions Lift 80% Water, 20% Oil
(Energy Analytics Institute, Piero Stewart, 29.Nov.2018) — Normal procedures at heavy oil wells produce water extraction at greater proportions than crude oil, announced an official […]
Nucor Buys Mexican Castings Co. With Facility In Guadalajara
(Energy Analytics Institute, Jared Yamin and Ian Silverman, 29.Nov.2018) — Nucor Corporation announced it will acquire Corporacion POK, S.A. de C.V., which produces complex castings […]