(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 […]
Guyanaâs Ministry Continues Engagement with Stakeholders
(Guyana Ministry of Natural Resources, 26.Jan.2017) â As part of the Ministry of Natural Resourcesâ continuous engagement of stakeholders on preparations of Guyanaâs developing oil […]
VTTI Announces Acquisition in Panama
(VTTI B.V., 25.Jan.2017) â VTTI B.V., an independent provider of energy storage, announced an acquisition of a 230,000 m3 facility in Panama, resulting in a […]
Gran Tierra Reports 91% Rise in 2P Reserves
(Gran Tierra Energy Inc., 23.Jan.2017) â Gran Tierra Energy Inc. announced its 2016 year-end estimated reserves as evaluated by independent qualified reserve evaluator McDaniel & […]
PDVSA Financial Debt Down by $2.7 Bln in 2016
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2017) â Cash-strapped PDVSA went out on a limb again last year to reduce its long-term financial debt. PDVSA, as […]
Maduro Names Citgo President as Venezuelaâs Oil Minister
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2017) â Venezuela President Nicolas Maduro announced the appointment of Nelson MartĂnez, the actual president of Citgo Petroleum Corporation, as […]
Guyana Ministry Clarifies Huffington Article
(Guyana Ministry of Natural Resources, 19.Jan.2017) â The Ministry of Natural Resources would like to clarify for the benefit of the public an article by […]
Maduro Fires Pequiven President
(Energy Analytics Institute, Piero Stewart, 16.Jan.2017) â Venezuelaâs newly appointed Vice President Tareck Aissami announced that the countryâs President Nicolas Maduro had ordered the dismissal […]
ExxonMobil Success in Guyana Continues
(Energy Analytics Institute, Piero Stewart, 16.Jan.2017) â ExxonMobilâs successful drilling streak continues in Guyana as the Irving, Texas-based company announced positive results from its second […]
Mexicoâs Gasoline Price Lowest in LAC Region
(Energy Analytics Institute, Fidencio Casillas, 16.Jan.2017) â The average gasoline price in Mexico, the largest Spanish speaking country in the Americas, is still the lowest […]
PDVSAâs Domestic Refining Utilization Falls
(Energy Analytics Institute, Aaron Simonsky, 16.Jan.2017) â Refining utilization rates at PDVSAâs six domestic refineries averaged 30.7 percent in 2016 owing to permanent and temporary […]
Ecuador Announces $1 Billion Bond Placement
(Energy Analytics Institute, Ian Silverman, 16.Jan.2017) â Ecuador, the only other Latin American country to belong to the Organization of Petroleum Exporting Countries (OPEC), successfully […]
LatinFinance Says Petrobras Has Best Debt Management
(Petrobras, 16.Jan.2017) â Voted the company with the best debt management performance in the international capital markets in 2016, Petrobras was presented by LatinFinance magazine […]
ExxonMobil Announces New Oil Discoveries Offshore Guyana
(Exxon Mobil, 12.Jan.2017) â Exxon Mobil Corporation announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobilâs second oil discovery on the Stabroek […]
Renaissance, Lukoil to Partner in AmatitlĂĄn Block
(Renaissance Oil Corp., 11.Jan.2017) â Renaissance Oil Corp. announced that PJSC LUKOIL, one of the worldâs largest oil producers, has chosen Renaissance as their partner […]
Petrobras Announces Pricing of Global Notes
(Petrobras, 10.Jan.2017) â Petrobras announces the pricing of global notes denominated in U.S. Dollars (the âNotesâ) to be issued by its wholly-owned subsidiary Petrobras Global […]
Moody’s Assigns Rating to Petrobras Notes
(Moody’s Investors Service, 9.Jan.2017) â Moody’s Investors Service assigned a B2 rating to Petrobras Global Finance B.V.’s proposed global notes, which will be unconditionally guaranteed […]
Moody’s Assigns Rating to Pampa EnergĂa
(Moody’s Investors Service, 6.Jan.2017) â Moody’s Investors Service assigned a B3 Corporate Family Rating (CFR) to Pampa EnergĂa S.A. At the same time, Moody’s assigned […]
Mexicoâs Double-Digit Gasoline Price Increase
(Energy Analytics Institute, Fidencio Casillas, 5.Jan.2017) â The prices of gasoline in Mexico is set to increase gradually and up to 20 percent on average, […]
Venezuela Sales Gasoline in Colombian Pesos
(Energy Analytics Institute, Piero Stewart, 4.Jan.2017) â Venezuela, the South American country with the regionâs largest crude oil and natural gas reserves, initiated the sale […]
GeoPark Announces Drilling Success in Colombia
(GeoPark Limited, 4.Jan.2017) â GeoPark Limited announced the successful drilling and testing of the Tigana Sur 4 development well in the Tigana oil field in […]
LGO Approved for Mayaro Infill Wells in Trinidad
(LGO Energy plc, 4.Jan.2017) â LGO Energy plc provided a further update on its plans to recommence production drilling at the Goudron Field in Trinidad […]
Venezuela Moving Towards Oil Industry Restructuring
(Energy Analytics Institute, Aaron Simonsky, 4.Jan.2017) â âVenezuelan President Nicolas Maduro says âweâre going towards a restructuring of the (oil) industryâ and names Nelson MartĂnez, […]
GeoPark Appoints Dingman to Its Board of Directors
(GeoPark Limited, 4.Jan.2017) â GeoPark Limited announced appointment of Mr. Michael D. Dingman as a new member of the Board of Directors of the company, […]
PetroMonagas Initiates Drilling at UBCP14
(Energy Analytics Institute, Piero Stewart, 2.Jan.2017) â PDVSA PetroMonagas initiated directional drilling activities in RĂo Yabo — located in the Aceital del Yabo community in […]
Fitch Improves Ecopetrol’s Rating Outlook
(Fitch, 1.Jan.2017) â Ecopetrol S.A. reported that on March 14, 2017, rating agency Fitch Ratings improved the outlook for the company’s rating from a negative […]
Enap Celebrates 71 Years Since First Oil Discovery
(By Energy Analytics Institute, Jared Yamin, 30.Dec.2016) â On 29 December 2016, Chileâs state oil company Empresa Nacional de PetrĂłleo (Enap) celebrated 71 years since […]
Petrobras Concludes Nansei Sekiyu Sale
(Petrobras, 28.Dec.2016) â Petrobras concluded the sale of its 100% stake in Nansei Sekiyu (NSS) to the Taiyo Oil Company. The transaction was done by […]
Petrobras Sells Sugar, Ethanol, PetroChem Assets
(Petrobras, 28.Dec.2016) â These transactions are part of the companyâs partnerships and divestments program. The target for the period 2017-2018 is $21 billion ⊠On […]
Venezuela Implements Oil Cut Agreement
(PDVSA, 27.Dec.2016) â PDVSA announced implementation of an agreement to reduce production reached by member and non member countries of the Organization of the Petroleum […]
Venezuela Oil Output to Near 2 MMb/d
(Energy Analytics Institute, Piero Stewart, 27.Dec.2016) â OPEC member nation Venezuela, which produced 2.097 million barrels per day (MMb/d) in November, according to the December […]
Six Dead in PDVSA Truck Accident
(Energy Analytics Institute, Piero Stewart, 27.Dec.2016) â An accident between a fuel transport truck owned by PDVSA and a vehicle carrying six persons from Venezuelaâs […]
PDVSA Incorporates New Grads into Workforce
(Energy Analytics Institute, Ian Silverman, 26.Dec.2016) â Three officials from PDVSA participated in a graduation ceremony in San TomĂ©, south of AnzoĂĄtegui state, whereby 124 […]
PDVSA Says It Maintains Full Ownership of Citgo
(Energy Analytics Institute, Ian Silverman, 25.Dec.2016) â PDVSA maintains full ownership and control over its Houston-based subsidiary Citgo Petroleum Corporation. PDVSA, in an official statement, […]
Looting Concerns in Venezuela Oil Areas
(Energy Analytics Institute, Piero Stewart, 23.Dec.2016) â Looting in Bolivar state will not yet affect Venezuelaâs crude oil production or export capacity. However, fears of […]
Maduro Seeks Price Strategy Closure
(Energy Analytics Institute, Piero Stewart, 23.Dec.2016) â Venezuelaâs relentless search for a fair oil price continues as President Nicolas Maduro prepares to travel to various […]
Petrobras, Total Move Forward with Alliance
(Petrobras, 21.Dec.2016) â Petrobras signed a Master Agreement with the French company Total, in connection with the Strategic Alliance established in the Memorandum of Understanding […]
ExxonMobil Awards Key Contracts for Liza in Guyana
(Exxon Mobil, 20.Dec.2016) â Exxon Mobil Corporation subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), announced that it has awarded contracts to SBM Offshore for […]
PDVSA To Industrialize Faja Oil
(PDVSA, 15.Dec.2016) â As of 2019, PDVSA, through Puerto La Cruz Refineryâs Deep Conversion Project, will industrialize crude oil from the Orinoco Oil Belt using […]
Fitch Reaffirms Ecopetrol Investment Grade
(Ecopetrol, 12.Dec.2016) â Ecopetrol S.A. reported the risk rating agency Fitch Ratings kept the company at investment grade, with an international rating of BBB. Fitch […]
Ecopetrol Notice Regarding ISA Divestment Plan
(Ecopetrol, 10.Dec.2016) â Ecopetrol S.A. announced that on December 10, 2016, as established in the Offering Notice of Second Stage, the company published the offering […]
PDVSA Signs Agreements with Shell
(PDVSA, 5.Dec.2016) â PDVSA and Shell Venezuela signed two agreements at Miraflores Palace. Both companies have stakes in the joint venture Petroregional del Lago, S.A. […]
Trinidad and Venezuela Reach Deals
(Energy Analytics Institute, Piero Stewart, 5.Dec.2016) â Together with President Nicolas Maduro and Prime Minister of Trinidad Keith Rowley we reached historic energy agreements, wrote […]
Venezuela to Export Gas to Trinidad
(PDVSA, 5.Dec.2016) â During a meeting in Miraflores Palace, the Peopleâs Power Minister of Petroleum and President of PDVSA Eulogio Del Pino and the Prime […]