Energy Analytics Institute (EAI)

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 […]

Shell’s T&T boss: Diversify Quickly

(By Trinidad Express, Aleem Khan, 18.May.2018) — Royal Dutch Shell’s Derek Hudson, local country chair of the world’s second largest oil and gas company, said […]

President Energy Looks for Production When Chasing Deals

(Energy Analytics Institute, Ian Silverman, 17.May.2018) – The Finance Director of London-based President Energy plc, Rob Shepherd, made the comments during a televised interview with […]

PDVSA Looks to Recuperate Lake Vessels in Bachaquero

(Energy Analytics Institute, Aaron Simonsky, 17.May.2018) — PDVSA officials Executive Vice President Ysmel Serrano and External Directors Ricardo León and Yurbis Gómez visited with workers […]

T&T No Longer Attractive for New Gas Projects

(By Trinidad Express, 17.May.2018) — The CEO of ammonia producer Caribbean Nitrogen Company (CNC), Jerome Dookie, said yesterday that problems with natural gas supplies have […]

Canacol Looks to Divest Non-Core Assets in Colombia

(Canacol Energy Ltd., 16.May.2018) – Canacol Energy Ltd. announced plans to divest of non-core Colombian conventional oil assets, among other management objectives for 2018. These […]

Canacol Energy Ltd. Reports 24% Increase in 1Q:18 Revenues

(Canacol Energy Ltd., 15.May.2018) – Canacol Energy Ltd. reported its financial and operating results for the three months ended March 31, 2018. “The first quarter […]

Factbox: Venezuela’s Ayacucho Block 1

(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s Ayacucho Block is one of four that comprise the Hugo Chavez Orinoco Heavy Oil Belt, also known […]

PDVSA Ex-President Luis Giusti Says Co. Bankrupt

(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) is bankrupt, at least that what its former president […]

PDVSA Inaugurates Valdez Thermoelectric Plant in Güiria

(Energy Analytics Institute, Jared Yamin, 14.May.2018) – PDVSA inaugurated the 175 megawatt TG1 turbo-generating unit of the Juan Manuel Valdez Thermoelectric Plant located within the […]

Colombia’s Gas Reserve Life up to 11.7 Years in 2017

(Energy Analytics Institute, Aaron Simonsky, 14.May.2018) – Colombia’s natural gas reserve life ratio rose 13.6% year-over-year. Colombia’s Mines Ministry said the South American country had […]

Conoco Authorized to Seize $636 Mln in PDVSA Assets

(Reuters, 13.May.2018) – A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to […]

Solar Power Lights Up Rural Bolivia

(World Bank, 11.May.2018) – How do you turn on a light at night when you’ve left the power grid far, far behind? In Bolivia, the […]

TT’s Energy Landscape

(Trinidad and Tobago’s Newsday, Richardson Dhalai, 10.May.2018) — Trinidad and Tobago has been involved in the petroleum sector for over 100 years and is the […]

PDVSA’s Quevedo Meets with Service Providers in Maturin

(Energy Analytics Institute, Aaron Simonsky, 8.May.2018) – Venezuela’s Oil Minister and PDVSA President Manuel Quevedo traveled to Maturín to meet with representatives from companies that […]

PDVSA Audit and Venezuela Oil Sector Opening Needed

(Energy Analytics Institute, Piero Stewart, 7.May.2018) – Venezuela’s opposition presidential candidate Henri Falcon said changes need to be made at state oil company Petróleos de […]

Venezuela Ratifies PDVSA President Quevedo, Names Board

(Energy Analytics Institute, Aaron Simonsky, 6.May.2018) – Venezuela published its Official Gazette No. 41,389 on 3 May 3 2018 which detailed Decree No. 3398 and […]

Bolivia Looks to Build Gas Liquefaction Plant in Ilo

(Energy Analytics Institute, Jared Yamin, 5.May.2018) – Bolivia plans to construct a gas liquefaction plant in the Peruvian port of Ilo in order to consolidate […]

Venezuela’s oil minister promotes partnerships in the Faja

(PDVSA, 5.May.2018) – People’s Minister of Petroleum and President of Petroleos de Venezuela SA (PDVSA), Manuel Quevedo, held a strategic meeting with oil business leaders […]

Bolivia Shifts Gas Investment Plans Amid Protests

(Efe, 4.May.2018) – Bolivia announced on Friday it was halting plans to spend $683 million on natural gas exploration work in an area of the […]

Vizcarra Says Peru to Review Contracts, Including Tullow’s

(Energy Analytics Institute, Jared Yamin, 4.May.2018) – Peru’s President Martin Vizcarra announced his government plans to review all petroleum exploration contracts awarded in the country. […]

Ecopetrol Profit Rises Nearly 200% in First Quarter

(Reuters, 4.May.2018) – Ecopetrol, Colombia’s state-run oil company, said on Thursday that its first quarter net profit rose to 2.6 trillion pesos ($923.3 million), up […]

Colombia Oil Reserves up 7% in 2017- Energy Ministry

(Reuters, 3.May.2018) – Colombia said on Wednesday its oil reserves were up 7 percent to 1.78 billion barrels at the end of last year, as […]

PEMEX Seeks Partners for Seven Onshore areas

(Energy Analytics Institute, Aaron Simonsky, 3.May.2018) – Mexico’s state oil company PEMEX is seeking partners for land grouped into seven onshore areas containing light and […]

Bolivia’s YLB and ACI Systems to Build $1.3 Bln Lithium Plant

(Energy Analytics Institute, Jared Yamin, 3.May.2018) – Bolivia’s Yacimientos de Litio Bolivianos (YLB) selected ACI Systems GmbH as its partner to create a joint venture […]

Ecopetrol Provides Update on Emergency in Tumaco

(Energy Analytics Institute, Jared Yamin, 2.May.2018) – Colombia’s Ecopetrol published a brief update on emergency operations in Tumaco. In the area there are more than […]

Claire Fitzpatrick, First Female to Lead BPTT

(BPTT, 1.May.2018) – Mrs. Claire Fitzpatrick has been appointed as Regional President of BP Trinidad and Tobago (BPTT). In this role, Mrs. Fitzpatrick will be […]

Venezuela’s Oil Sector Glory Days [EAItv]

(Energy Analytics Institute, Piero Stewart, 1.May.2018) – A brief look at Venezuela’s oil sector glory days. Will they return?

Echo Energy Sees Favorable Investment Ops in Argentina

(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is […]

Exxon Defends Guyana Deal Amid Criticism, Seeks Quick Production

(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its […]

ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018

(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by […]

Bolivian Govt Expects $90 Mln Return from New Gas Well

(Efe, 30.Apr.2018) – A new natural gas well that began production Monday in the southern region of Tarija is expected to contribute $90 million to […]

Bolivia, Denmark Invest $193.9 Mln in Santa Cruz Projects

(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Bolivia and Denmark plan to invest $193.9 million on wind complexes in Warnes, San Julián and El Dorado […]

Venezuela Never Closed Its Doors on T&T Nationals: Lawmaker Says

(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Venezuelan lawmaker José Brito wrote in a Twitter post that the OPEC country never closed its doors to […]

Hess Acquires Interest in New Acreage Offshore Guyana

(World Oil, 30.Apr.2018) – Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production […]

Exxon Mobil: Second Well has no Commercial Quantities of Oil

(Asianet-Pakistan, 28.Apr.2018) – ‘Unfortunately, the well did not encounter commercial quantities of hydrocarbons. Exploration wells come with a certain amount of risk and this is […]

Pemex Turns $6 Bln Profit On Oil Prices

(Reuters, 27.Apr.2018) – Mexican state-run oil company Pemex said on Friday its net profit rose 29 percent in the first quarter compared with the year-earlier […]

ConocoPhillips’s Chilean Interests

(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Chile in the Coiron Block in the Magallanes Basin, the company reported in a […]

ConocoPhillips’s Interest in Colombia

(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Colombia in the Middle Magdalena Basin at VMM-3 and VMM-2, where it serves as […]

Favorable Terms To Help Guyana Prove Potential

(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries […]

Golar Power Closing on 1.5GW Sergipe Power Project

(Golar LNG, 19.Apr.2018) — Golar LNG Limited announce that Golar Power Limited, a joint venture with Stonepeak Infrastructure Partners, has reached financial closing on the […]

Ghana Trade Mission Breakfast: Claxton Bay, Trinidad

(The Energy Chamber of Trinidad and Tobago, 19.Apr.2018) – The Sekondi Takoradi Chamber of Industry and Commerce and the Ghana National Petroleum Corporation (GNPC) will […]

EPM Installs Colombia’s ‘First’ Floating PV Project

(PV-Tech, Tom Kenning, 18.Apr.2018) – Colombian utility EPM has installed what it claims to be the country’s first floating solar plant, standing at 100kW at […]

Colombia March Crude Output up 6.5% vs Year Ago

(Reuters, 17.Apr.2018) – Crude oil production in Colombia reached an average of 856,478 barrels per day (bpd) in March, the Mines and Energy Ministry said […]

Total President Says Output At One Venezuela Field Down 33%

(Energy Analytics Institute, Piero Stewart, 22.Apr.2018) – Patrick Pouyanne, the Chief Executive Officer of French major Total, announced production at one of its oil fields […]

Ecopetrol Reports Highest Net Income in Last 4 Years

(Energy Analytics Institute, Jared Yamin, 15.Apr.2018) ‐- During the first three months of 2018, Ecopetrol reported its highest quarterly net income in the last four […]

Chile and Argentina to Boost Gas, Oil Output

(Santiago Times, 6.Apr.2018) – The state-run energy firms of Chile and Argentina have inaugurated a US$ 354 million project to increase production of natural gas […]

Colombia’s Attorney General to Investigate Ecopetrol Oil Spill

(Reuters, 3.Apr.2018) – Colombia’s attorney general’s office on Monday launched an investigation to determine whether officials from state-run oil company Ecopetrol could be held criminally […]

TGS To Build Vaca Muerta Gas Pipeline, Conditioning Plant

(Reuters, 3.Apr.2018) — Argentine natural gas company Transportadora de Gas del Sur (TGS) will invest an initial $250 million on gas transportation infrastructure in 2018 […]