(Pemex, 5.Jun.2018) – The CEO of Petróleos Mexicanos, Carlos Treviño Medina, and the Governor of the State of Hidalgo, Omar Fayad Meneses, signed a memorandum […]
Petrobras BODs Appoints New CEO
(Energy Analytics Institute, Ian Silverman, 5.Jun.2018) – Ivan de Souza Monteiro is the new president of Petrobras. Brazil’s state oil company Petrobras announced controlling shareholder […]
Venezuela Says 23,319 Wells Have 1.4 MMb/d Recovery Potential
(Energy Analytics Institute, Piero Stewart, 5.Jun.2018) – Venezuela’s Oil Minister Manuel Quevedo says the state oil company has identified 23,319 wells which have potential to […]
Pampa Reaches 35-Year Extension in El Mangrullo Block
(Pampa Energía S.A., 5.Jun.2018) – Pampa Energía S.A. was granted a 35-year period extension to the operation of the El Mangrullo block for the development […]
PDVSA mulling force majeure on oil exports -Argus
(Reuters, 5.Jun.2018) — Venezuela’s state-owned PDVSA is considering a declaration of force majeure on some of its oil supply contracts in June unless its clients […]
North America’s Energy Future on Trial in Mexico
(Brookings, Carlos Pascual, David G. Victor, and Rafael Fernandez de Castro, 5.Jun.2018) – On July 1, Mexicans head to the polls to select their next […]
Why Melbana Choose Cuba?
(Energy Analytics Institute, Piero Stewart, Jared Yamin) – Melbana Energy Limited Chief Geologist Errol Johnstone explains why the company choose Cuba. ***
Force Majeure Affects NorPeruano Pipeline
(Energy Analytics Institute, Ian Silverman, 3.Jun.2018) – Canada’s Frontera Energy Corporation announced it was notified by Petroperu S.A. of a force majeure event affecting a […]
Petrobras Boss Resigns Amid Truckers’ Strike
(Al Jazeera, Daniel Schweimler, 2.Jun.2018) – Pedro Parente’s resignation was one of the demands of striking workers due to worries that he was going to […]
Petrobras CEO Parente Resigns Post
(Energy Analytics Institute, Ian Silverman, 1.Jun.2018) – Pedro Parente resigned as CEO of Petrobras. In an official statement, Brazil’s state oil company Petrobras confirmed Mr. […]
China Looks to Invest $10 Billion in Peru Over 3 Years
(Energy Analytics Institute, Piero Stewart, 1.Jun.2018) — China plans investments of $10 billion across various sectors in Peru over the next three years. The Asian […]
Fact Sheet: Peru LNG
(Shell, 1.Jun.2018) — Peru LNG is the first natural gas liquefaction plant in South America and began operations in 2010 with a 4.45 mtpa capacity. […]
Pemex Says JV Wins Bid to Rehabilitate H-Oil Plant at Tula Refinery
(Energy Analytics Institute, Ian Silverman, 31.May.2018) – The partnership Saipem S.P.A / Saimexicana S.A. de C.V won the bid to rehabilitate the H-Oil Plant at […]
Ramnarine Talks About Southern Caribbean Deepwater Industry
(Energy Analytics Institute, Ian Silverman, 31.May.2018) – Former Trinidad and Tobago Energy Minister Kevin Ramnarine will speak in Port of Spain about the regional deepwater […]
Brazil Oil Workers Strike, Defying Court Order
(Efe, 30.May.2018) – Brazilian oil workers defied a court order on Wednesday by launching a three-day strike affecting oil refineries. The FUP, a federation that […]
Chevron, Hess, Kosmos Finalizing 1st Prospect Test in Suriname
(Energy Analytics Institute, Aaron Simonsky, 30.May.2018) ‐- Kosmos Energy, Chevron Corporation and Hess Corporation are close to finalizing prospects tests in Block 42 in Suriname. […]
Venezuela’s Grim Realities
(Anthony Venezia, Energy Intelligence, 30.May.2018) — The political and economic crisis afflicting Venezuela typically makes international headlines in connection with the possibility of sanctions being […]
Total, Siemens Hope to Sign Cuban LNG Deal Soon
(Reuters, Marc Frank, 30.Apr.2018) — French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to […]
Guyana’s Energy Agency Responds in Q&A about Fuel Smuggling
(Energy Analytics Institute, Piero Stewart, 30.May.2018) – Fuel smuggling from countries neighbouring Guyana is a major issue. The small South American country has developed the […]
Brookfield Buys Remaining Interest in Gas Natural Fenosa
(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- Spain’s Gas Natural Fenosa is finally exiting Colombia. The company sold 15.46 million shares, representing the remaining 41.89% […]
Ecuador Producing 522 Mb/d of Crude Oil in late May 2018
(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- South America’s Ecuador is producing 522,372 barrels per day. Total crude oil production from the small OPEC member […]
India Says No Plans for Tade with Venezuela’s ‘petro’
(Reuters, 28.May.2018) — India said on Monday it had no plans to use Venezuela’s local cryptocurrency ‘petro’ in oil trade with the Latin American nation, […]
Venezuela’s Energy Sectors Remain Attractive, Unattractive
(Energy Analytics Institute, 28.May.2018) — Venezuela’s upstream, downstream and midstream sectors remain attractive, yet unattractive to investors. Why the contradiction? The three sectors remain highly […]
Ecopetrol to Invest COL$94.5 Bln on Infrastructure
(Energy Analytics Institute, Jared Yamin, 28.May.2018) ‐- Ecopetrol plans to invest a total of COL$94.5 billion Colombian pesos on infrastructure and education. The funds for […]
Venezuela’s Ex-Oil Czar Sees Economic Collapse Accelerating
(AP, 27.May.2018) – Venezuela’s former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro’s […]
Ecopetrol Says Tibú Field Affected by Continued Sabotage
(Energy Analytics Institute, Jared Yamin, 27.May.2018) ‐- Thefts of elements from producing wells coupled with infrastructure sabotage at the Tibú field in the municipality by […]
Canacol Announces Timing of 2018 Shareholders Meeting
(Energy Analytics Institute, Ian Silverman, 26.May.2018) – Canacol Energy Ltd., the exploration and production company with operations focused in Colombia, announced its Annual General Meeting […]
PDVSA owes Cardon IV partners Eni and Repsol $1bn
(Energy Analytics Institute, Piero Stewart, 25.May.2018) ‐- Venezuela’s state oil company Petróleos de Venezuela owes an estimated $1bn to its partners in the Cardón IV […]
IMF Approves New $11.5 Bln Colombia Credit
(Energy Analytics Institute, Jared Yamin, 25.May.2018) – The International Monetary Fund (IMF) approved a new two-year flexible credit line with Colombia for nearly $11.4 billion. The […]
Pampa Energía Inaugurates 1st Wind Farm
(Pampa Energía S.A., 24.May.2018) – Pampa Energía S.A. inaugurated its first Wind Farm named Engineer Mario Cebreiro (‘PEMC’), which given the technology and size, it […]
Jamaica Encouraged by 3D Oil, Gas Surveys
(Amsterdam News, Bert Wilkinson, 24.May.2018) – Jamaica is fancying its chances of becoming the latest Caribbean Community nation after Guyana to find commercial quantities of […]
Moody’s Projects T&T Energy Sector Rebound
(LoopTT, 24.May.2018) – Moody’s Investors Service is projecting an Energy Sector-led rebound in growth to support the fiscal trajectory. On Wednesday, Moody’s upgraded Trinidad and Tobago’s Trinidad Drilling […]
Ecopetrol to Initiate Drilling of 19 Wells in Akacías
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Ecopetrol and Talisman Colombia Oil & Gas (TCOG), a company of Repsol group, plan to initiate drilling of […]
Canacol Mobilizes Rig to Drill Borojo 1 Well in Colombia
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Canacol Energy Ltd. announced it has mobilized a rig to drill the Borojo 1 exploration well. Located on […]
Ecopetrol Plans Social Investments of 1.3 Bln Pesos in Meta
(Energy Analytics Institute, Ian Silverman, 24.May.2018) – Colombia’s state oil company Ecopetrol announced plans to make social investments of 1.3 billion Colombian pesos in Meta […]
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known […]
The Insignificance of Venezuela’s 342-Year R/P Ratio
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) – Venezuela’s reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 […]
Canacol Reports 3rd Colombian Gas Discovery at Breva 1
(Energy Analytics Institute, Jared Yamin, 24.May.2018) – Canacol Energy Ltd. announced results of the Breva 1 natural gas exploration well located on its 100% operated […]
Petrobras Pricing Pressure Spooks Potential Refinery Buyers
(Reuters, Tatiana Bautzer & Carolina Mandl, 24.May.2018) – A surprise decision by Brazil’s state-controlled oil company Petroleo Brasileiro SA to cut diesel prices in response […]
Argus Awarded for Mexico Energy Coverage
(Argus Media, 23.May.2018) – Global commodity price reporting and news agency Argus has been awarded first place for its coverage of Mexican energy markets, in […]
Peru President Cancels Tullow’s Offshore Oil Contracts
(Reuters, Marco Aquino & Mitra Taj, 23.May.2018) — The government of Peruvian President Martin Vizcarra canceled his predecessor’s decision to award five offshore oil contracts […]
Mexico’s Vista Oil & Gas Signs Onshore JV With Jaguar
(Reuters, 23.May.2018) – Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company […]
Building Momentum – Oil and Gas in Latin America
(By Rodolfo Guzman, Paola Perez, Paola Carvajal, Roberto Imperatore, Arthur D. Little, 22.May 2018) – Unconventional oil production has grown these past few years despite […]
BP Projects Higher Future Cash from T&T
(By Trinidad Express, Aleem Khan, 22.May.2018) — BPTT’s standardized measure of discounted future net cash flows for 2017 was updated to US$3.3 billion in the […]
Mexican Drillers Sign 1st Deal Without State Oil Giant
(Bloomberg, Amy Stillman, 22.May.2018) – Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos […]
Fire at Barrancabermeja HDT Plant Controlled
(Energy Analytics Institute, Aaron Simonsky, 21.May.2018) – Colombia’s state oil company Ecopetrol announced that it has controlled a fire at the HDT plant of the […]
Gas Supply Problems Turning Cos. Away from Trinidad
(InterFax, 18.May.2018) – Jerome Dookie, the chief executive of Trinidadian ammonia producer Caribbean Nitrogen Co. (CNC), said on Wednesday that gas supply disruptions have made […]
Venezuela Election, US Sanctions, Rising Prices, Falling Output
(Platts, 18.May.2018) — Ahead of Sunday’s presidential election in Venezuela, Risa Grais-Targow, director-Latin America, at the Eurasia Group, spoke to S&P Global Platts about the […]
Venezuela Oil Output Down to 1949 Levels
(Energy Analytics Institute, Aaron Simonsky, 18.May.2018) – Venezuela’s oil production continues to fall, and further declines are anticipated due to a number of problems at […]