(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 […]
Pemex’s Oil And Gas Output Fall Sequentially In October 2018
(Energy Analytics Institute, Jared Yamin, 29.Nov. 2018) —Pemex reported sequential declines in both crude oil, condensates and natural gas production in October 2018. Pemex, as […]
Petrobras Reports On End Of Special Committee Activities
(Petrobras, 29.Nov.2018) — Petrobras reports that its Board of Directors approved yesterday the end of the Special Committee set up in December 2014 to provide […]
Petrobras Announces Adjustment Of Diesel Sale Price
(Petrobras, 29.Nov.2018) — Petrobras, following up on the release disclosed on October 29, 2018 informs that, due to the methodology established in the National Petroleum […]
Perenco Acquires Three Fields In The Campos Basin From Petrobras
(Petrobras, 28.Nov.2018) — Petrobras signed with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the […]
Petrobras Sales Stake In Shallow Campos Fields
(Petrobras, 28.Nov.2018) — Petrobras reports that it has signed today with Perenco the contracts for the full sale of Petrobras’ stake in the fields of […]
PetroEcuador To Open Envelopes For Import Of 3 MMBbls Of Premium Diesel
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 28.Nov.2018) — EP PetroEcuador will open envelopes related to the importation of 3,120,000 barrels plus or minus […]
Petrobras Divests Of Stake In 34 Onshore Fields In Rio Grande Do Norte
(Petrobras, 28.Nov.2018) — Petrobras announces that its Board of Directors approved yesterday the full sale of its stake in 34 onshore production fields, located in […]
Ecuador Seeks To Extract 49% More Oil From ITT
(Energy Analytics Institute, Piero Stewart, 28.Nov.2018) — The government of Ecuador intends to extract 49% more oil from the Ishpingo-Tambococha-Tiputini (ITT) block in 2019, according […]
LatAmNRG Panorama 28.Nov.2018: Ecuador, Mexico, Peru, Venezuela
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and […]
Time For Texas To Share Renewable Energy Expertise With Mexico
(Caller Times, Carlos Torres-Verdin, 28.Nov.2018) — Ignore the incendiary rhetoric coming out of Washington D.C., the new political climate south of the border has never […]
Venezuela Makes Multimillion-dollar Payment To Retain Citgo
(Houston Business Journal, Olivia Pulsinelli, 28.Nov.2018) — Houston-based refiner Citgo Holding Inc. will remain owned by Venezuela’s state-run oil company, Petróleos de Venezuela SA, if […]
Cuba And Bolivia To Cooperate In Peaceful Use Of Nuclear Energy
(Prensa Latina, 28.Nov.2018) — Cuba and Bolivia on Wednesday signed an interagency agreement to strengthen, facilitate and expand the opportunities for technical, scientific and academic […]
The Social Impact Of G20 Argentina: From Schools To Cooperatives
(G20.org, 28.Nov.2018) — Over 15 social enterprises have participated this year in G20 events. And around 1,000 students in 9 cities across Argentina took part […]
Argentina Reports Rise In Petroleum, Gas Output
(Energy Analytics Institute, Aaron Simonsky, 28.Nov. 2018) — Argentina reported total petroleum production of 498 thousand barrels per day (Mb/d) in October 2018, up 1.8% […]
Petrobras Reports Oil And Natural Gas Output For October
(Petrobras, 27.Nov.2018) — Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of […]
Chet Morrison Completes EPCIC Project Offshore Trinidad And Tobago
(Chet Morrison and DeNovo, 27.Nov.2018) — Chet Morrison Contractors LLC has successfully completed the fabrication, installation and mechanical completion of: — A Conductor Supported Platform […]
Mexico’s Oil Crisis Deepens
(Oilprice.com, Irina Slav, 27.Nov.2018) — Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent […]
Petrobras Updates On CARF Decision Related To Remittances For Vessel Chartering
(Petrobras, 27.Nov.2018) —Petrobras reports that today the Administrative Board of Tax Appeals (CARF) issued a decision against the company in administrative tax proceedings on a […]
Ecopetrol Announces Redemption Of International Bond Issued In 2009
(Ecopetrol, 27.Nov.2018) — Ecopetrol S.A. provided a Notice of Redemption to the Noteholders of its 7.625% Notes due 2019 issued on July 23, 2009 in […]
Petrobras Offers Clarification Related To Business and Management Plan
(Petrobras, 27.Nov.2018) — Petrobras reports that it has received the Letter No. 1936/2018 -SAE, which requests the following clarification: Letter no. 1936/2018 -SAE “Dear gentlemen, […]
Ecopetrol Eyes Investments Of $3.5-$4 Billion In 2019
(Ecopetrol, 27.Nov.2018) — Ecopetrol S.A. reported that in 2019 the Ecopetrol Business Group (GEE) expects to invest between $3.5 and $4billion, up 16% to 33% […]
Ecopetrol Reveals Highlights Of Investment Plan 2019
(Ecopetrol, 27.Nov.2018) —The Ecopetrol Business Group (GEE) expects investment in 2019 of $3.5 billion to $4 billion, up 16% to 33% over the projected 2018 […]
President Energy Spuds Third Development Well In Argentina
(Energy Analytics Institute, Aaron Simonsky, 27.Nov. 2018) — President Energy has spud the third development well at the Puesto Flores/Estancia Vieja Concession in Rio Negro […]
President Energy Updates On Argentine Drilling Program
(President Energy, 27.Nov. 2018) — President Energy provided an update on its drilling program at the Puesto Flores/Estancia Vieja Concession, Rio Negro Province, Argentina. President […]
Oil Expert Plaints Adverse Scenario For Bolivia
(Energy Analytics Institute, Ian Silverman, 27.Nov.2018) — Oil expert Mauricio Medinaceli painted an adverse scenario for Bolivia due to the country “doing little or nothing” […]
$1.4 Billion Deal Allows Venezuela To Keep Citgo’s Three U.S. refineries
(Houston Chronicle, Sergio Chapa, 26.Nov.2018) — A payment on a $1.4 billion arbitration award to a Canadian gold mining company is allowing Venezuela to keep […]
Venezuela Hangs On To Citgo After Big Debt Payment
(Fox Business, Mike Obel, 26.Nov.2018) — Venezuela managed to retain ownership of Citgo, the big U.S. refining and gasoline marketing company that is one of […]
Vista Preps First Two Shale Oil Pilots In Vaca Muerta
(S&P Global Platts, 26.Nov. 2018) — Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on […]
UAE Urges Brazil To Remove It From ‘Tax Haven’ List
(Arabian Business, 26.Nov. 2018) — UAE says to expand its multi-billion dollar investments in Brazil as long as it’s no longer labeled a tax haven […]
LatAmNRG Chart Analysis: Venezuela’s R/P Rises As Oil Output Plunges
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards […]
Rosneft’s Sechin Flies To Venezuela, Rebukes Maduro Over Oil Shipments
(Reuters, Alexandra Ulmer and Marianna Parraga, 24.Nov.2018) — The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas this week to meet Venezuelan […]
Petrotrin Hospital To Be Leased Or Sold
(Trinidad and Tobago Newsday, Julien Neaves, 24.Nov.2018) — Energy Minister Franklin Khan has announced operations at the Augustus Long Hospital in Pointe-a-Pierre, which has serviced […]
Demolished Homes Too Close To Oil Wells In Trinidad
(Trinidad and Tobago Newsday, Julien Neaves, 24.Nov.2018) — Energy Minister Franklin Khan says homes demolished in the Santa Flora area this week were located too […]
Bolsonaro Seeks $30 Billion Brazil Oil Boon
(Bloomberg, Sabrina Valle and Samy Adghirni, 23.Nov.2018) — President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after […]
Vista Inks Deal For Bajada del Palo Block In Argentina
(Vista Oil & Gas, 22.Nov.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, Vista Oil & Gas Argentina S.A. and Apco Oil & […]
TT Budget On Oil Price Swing
(Trinidad and Tobago Newsday, Carla Bridglal, 22.Nov.2018) — Crude oil’s importance to the TT economy is now second to natural gas, but its contribution is […]
Total Enters Brazil Fuels Sector With Purchase Of Grupo Zema Business
(Total, 22.Nov.2018) — Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and […]
Total To Buy Businesses From Brazil’s Grupo Zema
(Reuters, 22.Nov.2018) — French energy group Total has agreed to buy some businesses of Brazil’s Grupo Zema to expand in the biofuels sector. Total said […]
YPFB To Initiate Sales of Super Ethanol In La Paz
(Energy Analytics Institute, Aaron Simonsky, 22.Nov. 2018) — YPFB will commence sales of its new fuel called Super Ethanol in the capital city of La […]
EDP Energias do Brasil To Host Management Gathering In NYC
(EDP Energias do Brasil, 22.Nov.2018) — EDP Energias do Brasil S.A. will host a Management Meeting on Monday, November 26, 2018 at Omni Berkshire Place […]
PDVSA In Talks Over 2nd Sea-Borne Oil-Transfer Operation
(Reuters, Marianna Parraga, 22.Nov.2018) — Venezuela’s state-run oil firm PDVSA has begun talks with shipping firms to set up a second ship-to-ship (STS) operation off […]
LatAmNRG Panorama 22.Nov.2018: Venezuela, Colombia, Argentina
(Energy Analytics Institute, Piero Stewart and Aaron Simonsky, 22.Nov. 2018) — Heard on the street and other LatAmNRG briefs from OPEC producer Venezuela, and neighboring […]