(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 […]
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 […]