Energy Analytics Institute (EAI)

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 […]

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 […]