(Citgo Petroleum, 1.Nov.2018) — CITGO Petroleum Corporation recently participated in Houston’s largest free family festival, Energy Day. The event brought together families, students, energy professionals […]
Petrobras Inks Deal to Divest Of Petrobras Oil & Gas B.V.
(Petrobras, 31.Oct.2018) — Petrobras, following up on the release disclosed on 3/8/2018, announces that its subsidiary Petrobras International Braspetro B.V. (PIBBV) signed a Sale and […]
Petrobras Postpones Mothballing Of Sergipe And Bahia Fertilizer Plants
(Petrobras, 31.Oct.2018) — Petrobras, following up on the release disclosed on Mar. 28, 2018, informs that it postponed until Jan. 31, 2019 the mothballing of […]
Petrobras Updates On Debt Pre-Payment With Banco Santander
(Petrobras, 31.Oct.2018) — Petrobras prepaid a debt with Banco Santander in the amount of $1 billion, due 2023. Simultaneously, it signed with the same institution […]
Ecopetrol Business Group Reports 3Q:18, Year-To-Date 2018 Results
(Ecopetrol S.A., 31.Oct.2018) — Ecopetrol S.A. announced the Business Group’s financial results for the third quarter and year-to-date 2018, prepared in accordance with International Financial […]
Ex-Venezuelan Oil Exec Admits Bribes In $1.2 Bln Money-Laundering Scheme
(El Nuevo Herald, Jay Weaver And Antonio Maria Delgado, 31.Oct.2018) — A former top official of Venezuela’s state-owned oil company pleaded guilty Wednesday in Miami […]
YPF Seeks To Generate 20% Of Energy from Renewable Sources By 2023
(Energy Analytics Institute, Aaron Simonsky, 31.Oct.2018) — YPF announced it will continue with electric power generation projects through its affiliate YPF LUZ as part of […]
Guyanese Could Get Increased Salaries, Other Improvements In 2020
(DemeraraWaves, 31.Oct.2018) — Finance Minister, Winston Jordan on Wednesday hinted that government workers would receive salary increases when in 2020 when Guyana begins producing oil […]
Hess, Exxon Mobil Prep For More Exploration Offshore Guyana
(Hart Energy, Velda Addison, Senior Editor, 31.Oct.2018) — Partners Exxon Mobil, Hess Corp. and CNOOC Nexen Petroleum are making progress toward development of the hydrocarbon […]
Ecopetrol Profit Nearly Triples On Oil Price Boost
(Reuters, Julia Symmes Cobb, 31.Oct.2018) — Ecopetrol, Colombia’s state-run oil company, said on Wednesday its third-quarter net profit rose to 2.77 trillion pesos ($866.5 million), […]
Colombia Plans Mexico-Style Oil Hedge After Recent Volatility
(Bloomberg, Matthew Bristow, 31.Oct.2018) — Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered […]
AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative
(Forbes, Kenneth Rapoza, 31.Oct.2018) — Prognosis negative for Mexico. So says Fitch Ratings. After a no vote on a new airport was reached yesterday in […]
Petrobras Announces $1.4bn Sale Of African Oil Business
(Ft.com, Andres Schipani, Neil Hume, 31.Oct.2018) — Brazil’s state-controlled oil company Petrobras agreed to sell its 50 per cent stake in an African enterprise to […]
PDVSA Bewilders Bond Analysts By Making $949mn Payment
(Bloomberg, Davide Scigliuzzo, 31.Oct.2018) — Venezuela just forked over almost $1 billion to stay current on a bond backed by shares of its U.S. refiner […]
PDVSA Ships $35 Million Oil Cargo To Pay Dividends To ONGC – Sources
(Reuters, Alexandra Ulmer, Nidhi Verma, 31.Oct.2018) — Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil […]
Guyanese Dies Aboard Guyana-Registered Oil Tanker In Grenada
(DemeraraWaves, 31.Oct.2018) — Police in Grenada have confirmed that a Guyanese man died aboard the MV Ocean Trader – a Guyanese registered ship- that was […]
ENAP Places 11-Year Bonds In NYC For $680 Million
(Energy Analytics Institute, Aaron Simonsky, 30.Oct.2018) — ENAP finalized an international bond placement in New York for $680 million. The placement was at 5.261% with […]
Pioneer Energy Services Reports 3Q:18 Results, Updates On Colombia
(Pioneer Energy Services, 30.Oct.2018) — Pioneer Energy Services reported financial and operating results for the quarter ended September 30, 2018. Third quarter and recent notable […]
Colombia’s Ecopetrol Advances With Fracking Plans, Seeks License
(Energy Analytics Institute, Piero Stewart, 30.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license over an area where it plans to begin […]
Argentina Restarts Natural Gas Exports To Chile
(Reuters, Dave Sherwood, 30.Oct.2018) — Argentina has begun exporting natural gas to Chile after a 12 year interlude, Chilean President Sebastian Pinera said on Tuesday, […]
Bolivia To Kick Off Sale Of Super Ethanol 92 On Nov. 1
(Energy Analytics Institute, Jared Yamin, 30.Oct.2018) — Bolivia announced it expects to initiate sale of its new Super Ethanol 92 fuel on November 1, 2018. […]
Vista Oil & Gas Completes Jaguar Asset Acquisition In Mexico
(Vista Oil & Gas, 30.Oct.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, after having obtained the approval of Mexico’s National Hydrocarbons Commission […]
Texas Man Pleads Guilty In Ongoing Venezuela Bribery Probe
(The Wall Street Journal, Samuel Rubenfeld, 30.Oct.2018) — U.S. prosecutors said they secured another guilty plea in their ongoing corruption probe of Venezuela’s state-run oil […]
Mexico Spends $1.2 Billion To Lock In Crude Rally For 2019
(Bloomberg, Eric Martin, 30.Oct.2018) — Mexico spent about 23.5 billion pesos ($1.2 billion) through the third quarter from its budget stabilization fund, which historically has […]
Venezuela Poses Clear Threat – Comments Could Refuel Trump Military Action Talks
(Express, Ciaran McGrath, 30.Oct.2018) — Venezuela represents a “clear threat to regional stability” and a “direct challenge” to the United States, a senior US Government […]
Investors Begin Receiving Payment PDVSA 2020 Bond: Sources
(Reuters) — Investors have started to receive payment of interest and principal on Venezuelan state oil company PDVSA’s 2020 bond, two bondholders said on Tuesday. […]
Petrobras Stops Chevron Plan To Drill In Brazil Offshore Block: Sources
(Reuters, Alexandra Alper, Marta Nogueira, 30.Oct.2018) — A decision by Petrobras not to invest in drilling new wells has derailed Chevron Corp’s plan to resume […]
Petrobras Updates On Diesel Price Subvention Program
(Petrobras, 29.Oct.2018) — Petrobras, following up on the release disclosed on Sep. 28, 2018, informs that, due to the methodology determined in the National Petroleum […]
Ecopetrol Seeks License To Start Fracking Tests In Colombia
(Reuters, Luis Jaime Acosta, 29.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license to launch a pilot plan to explore for crude […]
Lawmaker Says Voluntad Popular To Present ‘Energy Venezuela’ Proposal
(Energy Analytics Institute, Piero Stewart, 29.Oct. 2018) — Opposition party Voluntad Popular will present a proposal called “Energy Venezuela,” which will outline guidelines established for […]
Weatherford Reports Higher Activity Levels In Argentina and Mexico
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, […]
Bolsonaro Gets Brazilian Oil Windfall With Output Poised To Soar
(Bloomberg, Sabrina Valle, 29.Oct.2018) — Brazil’s President-elect Jair Bolsonaro is staring at an oil windfall. After a decade of stagnant production, Brazil’s offshore mega-projects are […]
Petrotrin Moves Against Land Grabbers
(Trinidad and Tobago Newsday, Azard Ali, 29.Oct.2018) — Starting today, Petrotrin will employ measures to stop people from grabbing its lands. The state-owned refinery is […]
Venezuela’s Hydrocarbon Sector Incurring Weekly Accidents
(Energy Analytics Institute, Piero Stewart, 28.Oct.2018) — Petroleum sector accidents and oil spills in Venezuela have become an almost regular occurrence. Between two and three […]
Venezuela: Oil Producer’s Slump Reflects Nation’s Decline
(Ft.com, Gideon Long, John Paul Rathbone, 28.Oct.2018) — Gideon Long in Caracas and John Paul Rathbone in Washington October 28, 2018 Print this page 95 […]
This Venezuelan Energy Policy Will Kill The Investment We Need
(The Australian Financial Review, Craig Emerson, 28.Oct.2018) — On November 22, 2017, a nation’s government legislated price controls in response to voter dissatisfaction with the […]
Bolivia Discusses Methods to Calculate Hydrocarbon Royalties
(Energy Analytics Institute, Jared Yamin, 27.Oct.2018) — Bolivia’s Hydrocarbon Ministry held discussions October 24-26, 2018 to analyze a methodology for calculating hydrocarbon royalties in the […]
Caño Limón-Coveñas Has Suffered 1,470 Attacks In Ten-Plus Years
(Energy Analytics Institute, Piero Stewart, 27.Oct.2018) — Throughout its history, the Caño LimĂłn-Coveñas pipeline in Colombia has suffered an estimated 1,470 attacks and has been […]
Argentina Makes Small $2 Million Payment For Bolivian Gas
(Energy Analytics Institute, Aaron Simonsky, 27.Oct.2018) — Bolivia’s Central Bank (BCB by its Spanish acronym) announced Argentina made a “small payment” of $2 million related […]
CNOOC Says Guyana Success ‘Laid Foundation For Future Development’
(Energy Analytics Institute, Jared Yamin, 27.Oct.2018) — China’s CNOOC Limited announced that success in Guyana has laid the foundation for future development. “Successful drilling of […]
Petrobras Reports Oil And Gas Out For Sep. 2018
(Petrobras, 26.Oct.2018) — PetrĂłleo Brasileiro S.A. (Petrobras) announced that in September its total production of oil and gas, including natural gas liquids (NGL), was 2.47 […]
Frontera Sets Date For 3Q:18 Financial and Ops Update, Conference Call
(Frontera Energy, 26.Oct.2018) — Frontera Energy Corporation announces that its third quarter 2018 results will be released after market on Wednesday, November 7, 2018 followed […]
YPF To Spend Billions To Boost Oil And Gas Output
(Reuters, Eliana Raszewski, Hugh Bronstein, 26.Oct.2018) — Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 […]
Pemex Swings To Profit, Output Targets Reduced
(Reuters, 26.Oct.2018) — Mexico’s state oil company Pemex said on Friday it swung to profit in the third quarter, with higher oil prices and a […]
Argentina Buys An Average 16.2 MMcm/d From Bolivia in Sep.
(Energy Analytics Institute, Aaron Simonsky, 26.Oct.2018) — Argentina purchased an average 16.2 million cubic meters per day (MMcm/d) of natural gas from Bolivia in September […]
Venezuela, Mexico Divert Crude To U.S. As Canadian Barrels Get Stuck
(Reuters, Marianna Parraga, Collin Eaton, 26.Oct.2018) — Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and […]
No Minister Assigned To Oil And Gas Sector- Official Gazette
(Demerara Waves, Denis Chabro, 26.Oct.2018) — Two days after Minister of State, Joseph Harmon rebuffed a Demerara Waves Online News report on responsibilities for Guyana’s […]
Venezuela To Make $949mn Bond Payment To Keep Citgo Assets
(OilPrice.com. Tsvetana Paraskova, 26.Oct.2018) — Although Venezuela is regularly delaying or avoiding bond payments and is behind on billions of U.S. dollars in such payments, […]
Eco (Atlantic) Seeks New Partner In Namibia As Tullow Focuses On Guyana
(ProactiveInvestor, 26.Oct.2018) — Eco (Atlantic) Oil & Gas Ltd has started to look for a new partner for the Cooper Block in Namibia after Tullow […]
Petrobras Updates On Reduction Of Relevant Shareholding Interest
(Petrobras, 25.Oct.2018) — Petrobras, in compliance with article 12 of CVM Instruction NÂş358 of January 3, 2002 and Circular Letter CVM/SEP/NÂş002/2018, informs that it was […]