(Reuters, Ricardo Brito, 11.Oct.2018) — Brazil’s presidential front-runner Jair Bolsonaro would tackle chronic energy shortages by expanding nuclear and hydroelectric power in the Amazon despite […]
Ecuador, Peru In Talks To Explore Oil And Gas Blocks: Energy Minister
(Reuters, Alexandra Valencia, 11.Oct.2018) — Ecuador has begun talks with neighboring Peru to jointly explore two oilfields at the border and allow state-run Petroamazonas to […]
Bolivia Gas Exports To Argentina To-date Averaging 18 MMcm/d
(Energy Analytics Institute, Jared Yamin, 11.Oct.2018) — Bolivian natural gas exports shipped by YPFB to Argentina to-date have averaged 18 million cubic meters per day […]
Petrobras, Murphy Oil Create US Gulf Joint Venture
(S&P Global Platts, 11.Oct.2018) — Brazilian state-led oil company Petrobras and Murphy Oil will combine production assets in the US Gulf of Mexico in a […]
Why Murphy Oil Corporation’s Stock Is Soaring Today
(The Motley Fool, Matthew DiLallo, 11.Oct.2018) — The oil company made a needle-moving deal. What happened Shares of Murphy Oil Corporation took off on Thursday, […]
Pemex Hopes Gulf Discoveries Mesh With New President’s Goals
(Houston Chronicle, Jordan Blum, 11.Oct.2018) — Leaders of Mexico’s state oil company Pemex initially feared the inevitable election of leftist presidential candidate Andrés Manuel López […]
YPF In Talks To Sell Stake In Power Unit To Asian Fund
(Bloomberg, Pablo Rosendo Gonzalez, 11.Oct.2018) — YPF SA, Argentina’s state-run oil company, is in advanced talks to sell a minority stake in its power unit […]
Coca Codo Sinclair Hydroelectric Plant Operating With 5 of 8 Turbines
(Energy Analytics Institute, Ian Silverman, 10.Oct.2018) — The dispatch of energy from the Coca Codo Sinclair hydroelectric plant, located between Napo and Orellana, was carried […]
Kosmos Energy To Abandon Suriname Well After Coming Up Dry
(Seeking Alpha, Carl Surran, 10.Oct.2018) — Kosmos Energy says it is abandoning an offshore well in Suriname after failing to find oil, its second straight […]
Costa Rica Crime Groups Diversifying Oil Theft Techniques
(InSight Crime, Parker Asmann, 10.Oct.2018) — The ways in which gangs of fuel thieves in Costa Rica are tapping oil pipelines in order to steal […]
Venezuela Sets New Wages For Oil Workers As Protests Simmer
(Reuters, Alexandra Ulmer, 10.Oct.2018) — Venezuela on Wednesday increased wages for workers at state energy company PDVSA after employees staged small protests to decry meager […]
Añelo: The Two Realities of this Small Town in the Heart of Neuquen
(Energy Analytics Institute, Jared Yamin, 10.Oct.2018) — Añelo is a small oil town located in the heart of Neuquen and the Vaca Muerta shale revolution. […]
IFC, Related Funds Exercise Rights Under the Pacific Midstream Limited Agreement
(Frontera Energy, 10.Oct.2018) — Frontera Energy Corporation announced the International Finance Corporation (IFC) and related funds have provided notice to the Company that they have […]
Frontera Energy Announces Exploration Discovery in Colombia
(Frontera Energy, 10.Oct.2018) — Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block […]
Pemex: 2 New Wells Have 180 Million Barrels 3P Oil
(AP, 9.Oct2018) — Mexico’s state-owned oil company says two wells in shallow Gulf of Mexico waters have found about 180 million barrels of proven, probable […]
Pemex Finds 2 New Oil Fields in Gulf of Mexico
(FT, Jude Webber, 9.Oct.2018) — Mexican state-owned oil company Pemex said it had discovered two new shallow water fields that, combined with other discoveries in […]
Pemex Announces Oil Field Find In Shallow Waters Of Southeast Basin
(Pemex, 9.Oct.2018) — Pemex CEO, Carlos Treviño, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, […]
Jamaica’s Oil Search Could Suffer Due to Climate Change, Warns Expert
(RJR News, 9.Oct.2018) — There is an ominous warning about the possible economic fallout for Jamaica due to changes in the climate, as outlined in […]
IEA Urges Opec to Open Taps as Oil Markets Enter ‘Red Zone’
(Bloomberg, Javier Blas, Grant Smith & Francine Lacqua, 9.Oct.2018) — Oil prices have rallied to a four-year-high due to US sanctions on Iran and the […]
Cutting India’s Dependence on Middle-East Oil: 60% More Oil Lifted from Colombia
(Financial Express, Huma Siddiqui, 9.Oct.2018) — With the India-Colombia bilateral trade $1.5 bn, India lifted oil close to $ 400 million from January to July […]
Petrobras Updates On Sale Of Onshore Fields Opportunity Disclosure
(Petrobras, 8.Oct.2018) — Petrobras announced the beginning of the opportunity disclosure stage (Teaser) related to the sale of its entire equity share in three onshore […]
Pemex Spill Prompts Evacuations In Mexico
(The Oil&Gas Year, 8.Oct.2018) — Around 300 people were evacuated in the Mexican state of Veracruz as hydrocarbons spilled from a vandalised Pemex pipeline into […]
Guyana May be the Next Big Beast in Global Oil
(The National, Robin Mills, 8.Oct.2018) — One of the few major new conventional oil provinces discovered this century could see the country emerge as the […]
Vaca Muerta Looks To Attract $7 Bln In Investments In 2019
(Energy Analytics Institute, Jared Yamin, 6.Oct.2018) — Investors could inject $7 billion into the Vaca Muerta in 2019, announced Neuquén Governor, Omar Gutiérrez. “In 2019, […]
Pemex Receives “2018 Most Innovative Award”
(Pemex, 5.Oct.2018) — Pemex Digital, Pemex’s Digital Transformation project, which is spearheaded by the Corporate Office of Information Technology and is supported by Pemex CEO […]
Petrobras Prepays Debt With Banco do Brasil
(Petrobras, 5.Oct.2018) — Petrobras prepaid a debt with Banco do Brasil, in the amount of R$2 billion, whose maturity would occur in 2020. Simultaneously, Petrobras […]
Petrobras Offers Clarification On ‘Car Wash’ News
(Petrobras, 5.Oct.2018) — Petrobras reports that it received the Official Letter No. 369/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 369/2018/CVM/SEP/GEA-1 “Mr. Director, We […]
Ecuador Signs Oil Investment Contracts to Increase Output
(Xinhua, 5.Oct.2018) — Ecuadorian authorities signed investment contracts worth about 1.6 billion U.S. dollars with private companies to develop six oil fields in the country’s […]
Ecuador Signs Deals Worth $1.62 Bln for Development of 6 Oil, Gas Fields
(Sputnik, 5.Oct.2018) — The government of Ecuador, represented by the state-run Petroamazonas energy company, signed investment contracts worth $1.62 billion for the development of six […]
Aker Solutions Wins Subsea Order for Libra’s Mero Field Offshore Brazil
(Aker Solutions, 5.Oct.2018) — Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 […]
Shawcor to Provide Pipe Coating Services for Guyana Deepwater Projects
(Shawcor Ltd. 4.Oct.2018) — Shawcor Ltd. (SCL) announced that its pipe coating division has been assigned work from Saipem valued at approximately C$110 million to […]
Citgo, Valero Drive Up U.S. Purchases of Venezuelan Oil in September
(Reuters, Marianna Parraga, 4.Oct.2018) — Venezuela’s September crude sales to the United States rose to their highest in over a year, boosted by purchases by […]
AMLO Sees EOR, Pemex Farm-Outs As Key To Boosting Mexican Oil, Gas Output
(S&P Global Platts, Daniel Rodriguez, 4.Oct.2018) — Mexico’s President-elect Andres Manuel Lopez Obrador will allow Pemex to continue farming out projects to boost oil and […]
Bolivian, German Companies Form JV Entity to Produce Lithium-ion Batteries
(Energy Analytics Institute, Ian Silverman, 4.Oct.2018) — Yacimientos del Litio Bolivianos (YLB), a Bolivian company, and ACI Systems of Germany signed a deal for the […]
Transparency in Bolivian Hydrocarbon Information Needed, Jubilee Foundation Says
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) — Transparency in information is necessary in order for Bolivia and producing departments of the small Andean country to […]
YPF Updates On Oil Combustibles S.A. Bankruptcy Proceedings
(YPF, 3.Oct.2018) — YPF S.A. received notice of the decision adopted by the judge in charge of Oil Combustibles S.A.’s bankruptcy proceedings, which awarded the […]
Bolivia’s Economic Growth Expected to Exceed 4.5%: IMF
(Energy Analytics Institute, Aaron Simonsky, 3.Oct.2018) — Details of the International Monetary Fund (IMF) estimates were reported by the daily newspaper La Razón, citing a […]
Trinidad Government Defends Decision To Close Petrotrin
(CMC, 3.Oct.2018) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil […]
Venezuela’s Oil Exports Are Falling Even Faster Than Expected
(OilPrice.com, Irina Slav, 3.Oct.2018) — A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, […]
Bolivia’s ENDE Suspends Rositas Hydroelectric Project
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) — Bolivia’s National Electricity Company (ENDE) has temporarily suspended the Rositas hydroelectric project. Delegates from affected communities and two […]
Jubilee Foundation Says Bolivian Gas Output Below Projections
(Energy Analytics Institute, Ian Silverman, 3.Oct.2018) — The Jubilee Foundation announced Bolivia’s production of natural gas is short of projections outlined in the country’s Integral […]
Ecuador, UN to Audit 5 Oil Projects Promoted Under Correa
(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) — Ecuador, with the assistance of the United Nations Organization (UN), is auditing five major oil projects promoted by […]
Venezuelan Oil Port Repairs Delayed, Crude Exports Fall: Sources
(Reuters, Marianna Parraga, 2.Oct.2018) — Repairs to a dock at Venezuela’s main oil export port will take at least another month to complete following a […]
Baker Hughes to Bid for Petrobras PSC -Baker Hughes Executive
(Reuters, Marta Nogueira, Alexandra Alper, 2.Oct.2018) — General Electric Co’s unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil’s Petrobras, a […]
Why Companhia Energetica, and Petrobras Stocks All Popped Today
(The Motley Fool, Rich Smith, 2.Oct.2018) — Investors are upbeat facing the upcoming Brazilian presidential election. What happened Brazilian oil giant Petroleo Brasileiro (Petrobras) saw […]
Mexico’s President-Elect AMLO Commits to Respect Oil Contracts
(Renaissance Oil Corp., 2.Oct.2018) — Renaissance Oil Corp. announced that Mexico’s president-elect, Andres Manuel Lopez Obrador, who will take office on December 1, 2018, assured […]
Oil Services Giant Schlumberger Contemplates New Investments in Ecuador
(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) — Schlumberger is said to be contemplating “new investments” in Ecuador. The announcement was revealed after a meeting between […]
Cut Venezuela’s Oil Exports, and Cut its Tyrant Down to Size
(Washington Examiner, 1.Oct.2018) — Meeting with the president of Chile at the White House on Friday, President Trump pledged to continue confronting humanitarian suffering in […]
Petrobras Offers Clarification On Valor Econômico News
(Petrobras, 1.Oct.2018) — Petrobras received the Official Letter No. 363/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 363/2018/CVM/SEP/GEA-1 “Mr. Director, 1. We refer to […]
Pemex to Import U.S. LLS Crude for Oct Delivery
(Reuters, 1.Oct.2018) — Mexico’s state-run Pemex has launched a tender to buy 350,000 barrels of U.S. Light Louisiana Sweet (LLS) crude for October delivery, according […]