Nova Fronteira Merges into SĂŁo Martinho S.A.
(Petrobras, 23.Feb.2017) â Petrobras announced that, further to the statement on 12/15/2016, its wholly owned subsidiary Petrobras BiocombustĂvel S.A. (PBIO) finalized the merger of Nova […]
Petrobras Proceeds with Sale of PetroquĂmicaSuape
(Petrobras, 23.Feb.2017) â Further to the relevant fact disclosed on January 31, 2017, Petrobras announced that the Federal Regional Court of the 5th Region granted […]
PDVSA Strengthens Cuba-Venezuela Agreement
(PDVSA, 22.Feb.2017) â The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy […]
PDVSA and Schlumberger Discuss Business Relations
(PDVSA, 22.Feb.2017) â On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of PetrĂłleos de Venezuela S.A. (PDVSA) to hold a meeting with […]
PDVSA Pays Interest to Bond Holders
(PDVSA, 20.Feb.2017) â PDVSA informed all holders of PDVSA Bonds maturing in 2022, that payment of interest was made on February 17, 2017 corresponding to […]
PDVSA Actions in RincĂłn, Shiera Cases
(PDVSA, 20.Feb.2017) â As has been informed, PDVSA subsidiary Bariven, S.A., has been the victim of a fraud perpetrated by former contractors and suppliers of […]
Juniper’s Trinidad Journey: From Construction To Installation
(BP, 20.Feb.2017) â With a platform weighing nearly 10,000 tons in the Caribbean Sea, BPâs Juniper is no small feat. The $2 billion subsea project […]
ExxonMobil: About Guyana
(Exxon, 20.Feb.2017) â Located on the northern mainland of South America, Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south, […]
PDVSA to Investigate Barinas Pipeline Fire
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) â PDVSA announced a fire along a section of an oil pipeline located in Barinas state was controlled with […]
Venezuela, China Sign 8 Oil Deals
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) â Venezuela signed 22 agreements with China, including eight (8) related to heavy and extra heavy oil ventures in […]
PLC Refinery Conversion to Conclude in 2018
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) â PDVSA estimates that the deep conversion project at its 100 percent owned Puerto La Cruz refinery, which will […]
Lawsuits Push Venezuela to Brink of Default
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) â A Paris Court of Appealâs rejection of an annulment from Venezuela will force the cash-strapped South American country […]
Citgo Without CEO After Martinez Leaves
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) â Citgo Petroleum Corporation has yet to the report on a possible replacement to head the company after its […]
Ecopetrol Reserves Fall to 1,598 MMboe in 2016
(Ecopetrol S.A., 17.Feb.2017) â This valuation was made at a regulatory price of $44.5/barrel, lower prices negatively impacted 202 million barrels ⊠Ecopetrol S.A. announced […]
Andes EnergĂa, YPF to Develop Vaca Muerta
(Energy Analytics Institute (EAI), Clifford Fingers III, 16.Feb.2017) â Andes EnergĂa and YPF plan joint investments to boost hydrocarbon production in the Vaca Muerta in […]
Ecopetrol Auction Related to EEB Declared Void
(Ecopetrol S.A., 15.Feb.2017) â Ecopetrol S.A. reported results of the fourth auction corresponding to Stage Two of the Program to Transfer and Award its 28,465,035 […]
Petrobras Reports Production in January
(Petrobras, 15.Feb.2017) â Petrobrasâ total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 […]
Venezuela Advances with PLC Conversion Project
(PDVSA, 14.Feb.2017) â Members of the China-Venezuela High Level Joint Commission toured the facilities of the Puerto La Cruz Refinery in AnzoĂĄtegui state, to review […]
Venezuela, China Hold High Level Commission
(PDVSA, 13.Feb.2017) â The 15th China-Venezuela High Level Joint Commission took place at the JosĂ© FĂ©lix Ribas Hall of Teresa Carreño Theater in Caracas, with […]
Venezuela Signs Eight Agreements with China
(PDVSA, 13.Feb.2017) â PDVSA ratified its cooperation with the People’s Republic of China with the signing of eight agreements at the 15th China-Venezuela High Level […]
Venezuela, Algeria Officials Discuss Bilateral Coop
(PDVSA, 13.Feb.2017) â Venezuelaâs Foreign Minister Delcy RodrĂguez and Oil Minister Nelson MartĂnez visited the People’s Democratic Republic of Algeria to continue working visits to […]
Petrobras Reaches Production Target
(Petrobras, 12.Feb.2017) â Petrobras reported average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above […]
Standard & Poor’s Improves Petrobras’ Rating
(Petrobras, 11.Feb.2017) â Petrobras announced that the credit rating agency Standard & Poorâs raised its rating for the companyâs corporate debt to ‘BB-‘ from ‘B+’ […]
Venezuela’s MartĂnez meets Omani Counterpart
(PDVSA, 10.Feb.2017) â Venezuelaâs Foreign Minister Delcy RodrĂguez and the countryâs Oil Minister Nelson MartĂnez traveled to the Sultanate of Oman to meet with Omani […]
FSRU Höegh Grace Receiving Cargo In Colombia [Video]
(LNG World, 10.Feb.2017) â Norway-based Höegh LNGâs FSRU Höegh Grace began commercial operations in Cartagena, Colombia at the end of last year. The Höegh Grace, used as […]
Petrobras Announces Final Tender Results
(Petrobras, 9.Feb.2017) â PetrĂłleo Brasileiro S.A. â Petrobras (PBR) announced that holders of $4,899,100,000 and âŹ631,753,000 principal amount of the outstanding notes of the series […]
Why is Venezuelaâs Oil Sector So Shattered?
(Igor HernĂĄndez, IESA Professor, 8.Feb.2017) â For oil-dependent Venezuela, the drop in oil prices since 2014 has been hard. Combined with the collapse in production, […]
Ecopetrol Notice for Empresa de EnergĂa de Bogota
(Ecopetrol S.A., 8.Feb.2017) â Ecopetrol S.A. announced on February 8, 2017, as established in the Offering Notice of Second Stage, the company published the offering […]
ICSID Orders Ecuador Pay ConocoPhillips $380 Mln
(ConocoPhillips, 8.Feb.2017) â ConocoPhillipsâ wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the […]
Paris Court Favors with Gold Reserve
(Gold Reserve Inc., 7.Feb.2017) â Gold Reserve Inc. announced that on February 7, 2017, the Paris Court of Appeal rejected all of Venezuelaâs arguments and […]
GeoPark Says 2P Reserves Valued at $1.9 Bln
(GeoPark Limited, 6.Feb.2017) â GeoPark Limited announced its independent oil and gas reserves assessment, certified by DeGolyer and MacNaughton (D&M), under PRMS methodology, as of […]
Baron Provides Update On Block Z-34 Peru
(Baron Oil plc, 6.Feb.2017) â The Board of Baron Oil plc provided an update on activities in Peru on Block Z-34 Following preparation and presentation […]
P-66 Leaves Shipyard for Lula Field
(Petrobras, 6.Feb.2017) â The floating platform will operate in the Santos Basin pre-salt and it will be the seventh unit deployed in Lula field. On […]
Gran Tierra to Divest Brazil Business
(Gran Tierra Energy Inc., 6.Feb.2017) â Gran Tierra Energy Inc. announced a purchase and sale agreement was executed pursuant to which Maha Energy AB agreed […]
PDVSA Exploration VP Tours Faja Ops
(PDVSA, 4.Feb.2017) â PDVSA Vice President of Exploration and Production Nelson Ferrer, led a tour of the facilities of the Orinoco Drill Operators Cooperative Association, […]
Venezuela Says El Tablazo Targeted
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) â Venezuelaâs Electric Energy Minister Luis Motta DomĂnguez announced three persons planned actions to sabotage the sub-station El Tablazo […]
New PDVSA Board Preparing for Changes
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) â A newly appointed Board of Directors at PDVSA will be charged with taking actions to prepare the company […]
PDVSA Says Costs Down More Than 30%
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) â PDVSA reduced operating costs by more than 30 percent, announced the entity in an official statement, citing company […]
Maduro Ask Citizens to Reduce Consumption
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) â Venezuelaâs President Nicolas Maduro called on the Venezuelan citizens to reduce their consumption of fuels so that they […]
Maduro Names New Central Bank Head
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) â Venezuelaâs President Nicolas Maduro named Ricardo Sanguino as the new President of the Venezuelan Central Bank (BCV). Sanguino […]
GeoPark Announces Development Successes in Colombia
(GeoPark Limited, 2.Feb.2017) â GeoPark Limited announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia, consisting […]
Mariscal Sucre Has 600 MMcf/d Production Potential
(Piero Stewart, Energy Analytics Institute, 1.Feb.2017) â Venezuelaâs Mariscal Sucre natural gas project offshore has a production potential of 600 million cubic feet per day. […]
Gran Tierra Reports 4Q:16 and YE:16 Results
(Gran Tierra Energy Inc., 30.Jan.2017) â Gran Tierra Energy Inc. announced its financial and operating results for the fourth quarter and year ended December 31, […]
Venezuelan Executives Discuss Oil Agenda
(Energy Analytics Institute, Piero Stewart, 29.Jan.2017) â Members of the Hydrocarbon Motor of the Bolivariana Economic Agenda met in Caracas to discuss advances under the […]
Maduro Announces Shakeup to PDVSA Board
(Energy Analytics Institute, Pietro D. Pitts, 29.Jan.2017) â Venezuela’s President Nicolas Maduro announced changes to the Board of Directors at PDVSA and said the members […]
Bariven to be Heard in Restitution Process
(PDVSA, 28.Jan.2017) â Bariven, S.A., a PDVSA subsidiary, has taken legal action to obtain compensation for damages suffered due to fraudulent actions by former contractors […]
AES Terminal to Supply Caribbean, Central America
(AES Dominicana, 28.Jan.2017) â The AES Dominicana Liquefied Natural Gas reception terminal, located in the AES Andres energy complex, has completed the modifications to allow […]
Trump Nationalism Scares LAC Exporters
(Energy Analytics Institute, Pietro D. Pitts, 27.Jan.2017) â Taiwanâs president got the call, Mexicoâs president will get a wall. At least, thatâs what U.S. President […]
Venezuela Eyes Boosting Hydrocarbons Economic Driver
(PDVSA, 26.Jan.2017) â Members of the Hydrocarbons Economic Driver of the Bolivarian Economic Agenda, met at La Campiña headquarters of PDVSA in Caracas, for the […]