(DW.com, Andreas Knobloch, 6.Aug.2018) – A money-laundering scandal involving Venezuela’s state oil company PDVSA could turn into a problem for a Swiss bank. A German […]
The Weirdest Oil Lawsuit Of 2018
(OilPrice.com, Viktor Katona, 6.Aug.2018) – Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, […]
Background: Premier Oil’s Entry Into Mexico
(Premier Oil, 6.Aug.2018) — London-based Premier Oil is focused on development of assets in parts of the world from South East Asia, the North Falklands […]
Petrobras Approves Pmt of Interest on Capital
(Petrobras, 6.Aug.2018) – Petrobras reports that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest […]
Ecopetrol Reports Resignation of María Fernanda Suárez
(Energy Analytics Institute, Piero Stewart, 6.Aug.2018) – María Fernanda Suárez has resigned from Ecopetrol. The state oil company announced in an official statement that the […]
How Far Can Venezuela Go In Raising Gas Price?
(AFP, Esteban Rojas, 5.Aug.2018) – In Venezuela’s inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline — an absurdity that the […]
Bolivia Aims to Start Production of Bioethanol
(Efe, 5.Aug.2018) – Bolivia is on the verge of producing bioethanol at a mass scale in an effort to phase out the country’s reliance on […]
BPTT Helps Mayaro Students
(Trinidad and Tobago Newsday, Jada Loutoo, 5.Aug.2018) – Some 25 students from across the south-eastern community of Mayaro are set to benefit from a revolutionary […]
Petrobras Posts 1H:18 Profit, Reduces Debt
(Petrobras, 3.Aug.2018) – Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the […]
Puerto Rico to Restructure $3 Bln Power Debt
(AP, 3.Aug.2018) – Puerto Rico’s government reached a deal Monday night with a bondholder group to restructure more than a third of the debt owed […]
Frontera Announces Second Quarter 2018 Results
(Frontera Energy Corporation, 3.Aug.2018) – Frontera Energy Corporation released its Interim Condensed Consolidated Financial Statements for the second quarter of 2018, together with its Management, […]
Venezuelan Capital Hit by 80% Power Cut
(AFP, 3.Aug.2018) – A power failure cut electricity to 80 per cent of the Venezuelan capital Caracas Tuesday, provoking transport and communications chaos, authorities said. […]
Frontera Announces 2Q:18 Conference Call
(Frontera Energy Corporation, 3.Aug.2018) – Frontera Energy Corporation scheduled a conference call for investors and analysts for 3 August 2018 at 8:00 a.m. (MDT), 9:00 […]
Noble Tom Madden to Return to Active Status
(Energy Analytics Institute, Jared Yamin, 2.Aug2018) — Noble Tom Madden will return to active status following contract award. Following the close of the second quarter […]
BPTT Announces Angelin Arrival in Trinidad
(BPTT, 2.Aug.2018) – BP Trinidad and Tobago announced its Angelin platform has arrived in T&T. Angelin, which will be BPTT’s 15th offshore platform, was fabricated […]
Granger Says Guyana Energy Head Fit and Proper
(Department of Public Information, Guyana, Alexis Rodney, 2.Aug.2018) – President David Granger said today that he is confident of the work that will be executed […]
Shell Offers 1H:18 LatAm Updates
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water […]
Shell Provides 3Q:18 Outlook Update
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc offered the following outlook for the third quarter of 2018. Compared with the third […]
Pemex Has or Doesn’t Have Money?
(Energy Analytics Institute, Aaron Simonsky, 1.Aug.2018) – If Mexico’s Pemex doesn’t have the necessary funds to invest in deep water or shale activities, how is […]
Pemex Inaugurates 1st Petrol Station with New Image
(Pemex, 1.Aug.2018) – The CEO of Pemex Transformación Industrial stated that the new concept will help the franchise maintain its leadership in the national market […]
Citgo Raises $$750,000 for Muscular Dystrophy Association
(Citgo Petroleum Corporation, 31.Jul.2018) – The Muscular Dystrophy Association (MDA) depends on partnerships to fulfill their mission, and as their largest corporate sponsor, Citgo Petroleum […]
Mexico Oil Output to Trend Upwards in 2027
(Energy Analytics Institute, Aaron Simonsky, 31.Jul.2018) – Mexico’s oil production will cease to decline in 2025. That’s according to details of a report published by […]
PetroTrin Refinery Importing Shortfall
(Energy Analytics Institute, Ian Silverman, 31.Jul.2018) – That’s according to reports in a local newspaper. “The refinery at PetroTrin has a capacity of 140,000 barrels […]
Wheatley Falls: Latest Casualty of Energy Scandal
(Jamaica Gleaner, Edmond Campbell, 31.Jul.2018) – The ongoing scandal that began at the state-owned oil refinery Petrojam has claimed its latest casualty with the resignation […]
Granger Gov’t Overwhelmed by Enormity of Tasks
https://www.stabroeknews.com/2018/opinion/letters/07/31/granger-govt-overwhelmed-by-enormity-of-tasks-in-oil-and-gas-sector/ (Stabroek News, 31.Jul.2018) – Dear Editor, The discovery of oil by ExxonMobil in 2015 has put Guyana on a trajectory to receiving significant revenues. […]
Pampa Energía Reports on Deferral of Edenor Dealings
(Pampa Energía S.A., 31.Jul.2018) – Pampa Energía S.A. announced its electricity distribution subsidiary Empresa Distribuidora y Comercializadora Norte (‘Edenor’) agreed with the Ministry of Energy […]
Venezuela the Clear Leader in Oil Reserves
(UPI, Daniel J. Graeber, 31.Jul.2018) – An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” […]
Once Oil Wealthy, Maracaibo Struggles to Keep Lights On
(Reuters, Mayela Armas, 31.Jul.2018) – Across Maracaibo, the capital of Venezuela’s largest state, residents unplug refrigerators to guard against power surges. Many only buy food […]
Shell Brazil Invests in FPSO Tanks Solution
(World Oil, 31.Jul.2018) – Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in […]
Peregrino Module Sails to Brazilian Platform
(Energy Voice, David McPhee, 31.Jul.2018) – Watch as Equinor’s Peregrino modules set sail en route to the platform in Brazil to begin Phase 2 of […]
Ecopetrol Announces Changes to Management Structure
(Ecopetrol, 31.Jul.2018) – Ecopetrol S.A. reports that at its session on July 27, 2018, Ecopetrol’s Board of Directors approved adjustments to the company’s management structure […]
Power Outage Hits Most of Venezuela’s Capital
(AP, 31.Jul.2018) – Most of Venezuela’s capital is without power following a failure at an electrical plant. Energy Minister Luis Motta Dominguez said on Twitter […]
Guyana’s ‘Astonishing’ Future
(Trinidad Express, David Renwick, 31.Jul.2018) – The US’s leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the […]
Guyana: Will its Oil Boom Benefit the People?
(Al Jazeera English, 30.Jul.2018) – Oil companies have identified massive offshore reserves in Guyana, one of South America’s poorest nations. New estimates last week report […]
US Charges Point to Rampant Corruption at PDVSA
https://www.insightcrime.org/news/analysis/us-charges-point-to-rampant-corruption-at-venezuela-state-oil-company/ (InSight Crime, 30.Jul.2018) – US authorities are charging a network of Venezuelan elites and international financial actors with laundering over a billion dollars stolen […]
Mexico’s Next President Promises Pemex Investment
(Bloomberg, Amy Stillman, 30.Jul.2018) – Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 […]
Review Guyana Oil Spill Plans Before Signing Contracts
(Kaieteur News, 30.Jul.2018) — Before any contract is signed with an oil operator, the government should require that it presents and obtains approval for contingency […]
Petrofac Introduces Partner In Mexico
(Petrofac Limited, 30.Jul.2018) — Petrofac Limited signed an agreement to sell 49% of the Company’s operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco […]
Hold It Right There, Petrotrin!
(The Sterling Report, Yanique Leiba-Ebanks, 29.Jul.2018) – Petroleum Company of Trinidad and Tobago Ltd (affectionately known as Petrotrin) is the state-owned oil company in Trinidad […]
Trafigura Seeks to End Ricardo Eliçabe Conflict
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Negotiations continue to advance to overcome a labor related conflict at the Ricardo Eliçabe refinery in Bahía Blanca. […]
Sproule To Publish Bolivian Reserve Report
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Sproule International Limited, the foreign consortium that will quantify and certify Bolivia’s hydrocarbon reserves, plans to publish its […]
Chuquisaca Signs Multi Billion Oil Deal
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – The agreement, signed between the Bolivian government and authorities from the department of Chuquisaca provides for initiation of […]
Colombia Must Boost Investments 55% to Maintain Output
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The South American country needs to boost investments from an projected $4.5 billion in 2018 to a level […]
10MW LNG Power Plant for The Nest
(Jamaica Gleaner, Steven Jackson, 27.Jul.2018) – A tripartite deal is in the works for the development of a power plant at CB Group’s expansive property […]
Petrobras Targets China with New Crude Oil
(Reuters, Florence Tan and Alexandra Alper, 27.Jul.2018) – Brazil’s state-controlled energy company Petrobras plans to push more crude oil to top importer China by marketing […]
Pemex Reports 2Q:18 Sales Rose 36%
(Pemex, 27.Jul.2018) – The company recorded operating yields of 120 billion pesos During the first quarter of 2018, it achieved an EBITDA of 288 billion […]
Venezuela Inflation to Hit 1 Mln Percent. Thanks, Socialism.
(Washington Post, Megan McArdle, 27.Jul.2018) – According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will […]
Venezuela Gasoline Price Likely to Rise
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The price of gasoline in Venezuela is likely to increase. For some services such as gasoline, there will […]
Hiking Gasoline Won’t Fix Venezuela’s Fiscal Problem
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – Hiking the price of gasoline in Venezuela won’t fix the OPEC country’s fiscal problem. That’s according to recent […]
Falling Oil Output Squeezes Maduro Government
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) – The continued decline in Venezuela’s oil production acts to squeeze the government of President Nicolas Maduro, says an […]