(Energy Analytics Institute, Jared Yamin, 10.Jun.2016) — PDVSA and oil field services giant Schlumberger continue to maintain their operational relationship, reported PDVSA in an official […]
Wood Group, Grupo Diavaz Form Engineering JV
(Wood Group, 9.Jun.2016) – Wood Group Mustang and Grupo Diavaz, a Mexican oil & gas operator and services company, created a joint venture engineering business […]
Esmeraldas Overhaul to Reduce Imports by Nearly $355 Mln
(Energy Analytics Institute, 8.Jun.2016, Clifford Fingers III) – Ecuador will benefit financial from the recently completed overhaul of the Esmeraldas refinery. The country will save […]
GeoPark Initiates Drilling Campaign in Colombia
(GeoPark Limited, 8.Jun.2016) – GeoPark Limited announced the start-up of its drilling program in the Llanos 34 Block (GeoPark operated with a 45 percent working […]
Gran Tierra Announces Chaza Arbitration Resolution
(Gran Tierra Energy Inc., 8.Jun.2016) – Gran Tierra Energy Inc. announced the receipt of a positive decision from the Chamber of Commerce of Bogotá Center […]
Fitch Rates Reopening of Ecopetrol Notes
(Fitch Ratings, 8.Jun.2018) – Fitch Ratings rates the $500 million reopening of Ecopetrol S.A.’s 5.875% notes due in 2023 ‘BBB’. The company expects to use […]
Shell Announces Return to Bolivia
(Energy Analytics Institute, Jared Yamin, 8.Jun.2016) – Royal Dutch Shell, which ceased to operate in Bolivia in June of 2008, has laid out exploration and […]
Paraguay to Pay Back $287 Mln PDVSA Debt in 2023
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay plans to pay back its $287 million debt with PDVSA in 2023, reported the daily newspaper Noticias24, […]
Paraguay Says No Need To Issue Bonds To Pay PDVSA Debt
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay does not need to issue bonds to pay off an outstanding debt with Venezuela’s state oil company […]
Petrobras Says Production Up 5% in May
(Petrobras, 8.Jun.2016) – Petrobras’ total oil and natural gas production in May reached 2.83 million barrels of oil equivalent per day (MMboe/d), up 5 percent […]
Argentina Establishes Ceiling for Subsidized Gas
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Argentina established a ceiling for subsidized gas invoices at 400 percent for private entities, and 500 percent for […]
Ecopetrol Continues Hedge Accounting Policy
(Ecopetrol S.A., 7.Jun.2016) – Ecopetrol S.A. announced that its Board of Directors, in a session held on June 6, 2016, approved the implementation of “Hedge […]
Bolivia to Invest $21.4 Bln in Hydro-Electric Projects
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia plans investments of $21.350 billion on hydroelectric projects that have potential to generate an estimated 8,575 megawatts […]
Central Bank Approves Funding Plant in Yacuiba
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – Bolivia’s Central Bank approved a credit for YPFB for 12,858.26 million Bolivian bolivianos to finance construction of a […]
YPFB to Sign Contracts with YPF and Petrobras
(Energy Analytics Institute, Jared Yamin, 7.Jun.2016) – YPFB plans to sign exploration contracts with its Argentine and Brazilian counterparts in July. YPFB will sign exploration […]
Executive Profile: YPF New CEO Ricardo Darré
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Ricardo Darré will assume the position of CEO at YPF on July 1, 2016, taking over the helm […]
YPFB Has Capacity to Produce 61 MMcm/d
(Energy Analytics Institute, Jared Yamin, 6.Jun.2016) – Bolivia has the capacity to produce 61 million cubic meters per day of natural gas to cover demand […]
Petropar Says PDVSA Claims Not Valid Related to Debt
(Energy Analytics Institute, Aaron Simonsky, 6.Jun.2016) – Plans announced by PDVSA to sue its Paraguayan counterpart Petropar are not valid and go against international agreements. […]
Nelson Silva Appointed Petrobras’ Strategy Consultant
(Petrobras, 6.Jun.2016) – Nelson Silva has been appointed senior consultant to Petrobras’ board of executives. Invited by CEO Pedro Parente, he will coordinate the company’s […]
Pemex to Make Peso Payment to Suppliers
(Energy Analytics Institute, Fidencio Casillas, 6.Jun.2016) – Pemex is preparing to make payments of nearly 30 billion Mexican pesos to its providers, announced a company […]
Bolivia Has 40,000 MW Hydroelectric Capacity
(Energy Analytics Institute, Jared Yamin, 5.Jun.2016) – Bolivia has capacity to generate 40,000 megawatts of energy from hydroelectric projects. “According to studies from international organizations […]
Pemex Gasoline Consumption At 22% of Total Vs. 8% in 2011
(Energy Analytics Institute, Fidencio Casillas, 5.Jun.2016) – The consumption of premium gasoline in Mexico has evolved favorably over the last six years with the Premium […]
Company Profile: Oleoducto Central S.A. (Ocensa)
(Moody’s, 4.Jun.2016) – Oleoducto Central S.A. (Ocensa) is the largest crude oil pipeline and the only public-use pipeline in Colombia. Its pipeline is ~845 km […]
ExxonMobil to Invest $10 Billion In Vaca Muerta
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – U.S.-based ExxonMobil plans to invest $10 billion over the next 20 years in the Vaca Muerta area in […]
YPF, Enap Sipetrol to Invest $165 Mln in Magallanes
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – YPF and Enap Sipetrol plan to invest $165 million to boost production in the Magallanes field offshore. The […]
Moody’s Affirms YPF’s B3 Rating
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) – Moody’s affirmed YPF Sociedad Anonima’s B3 issuer rating. YPF’s B3 BCA (Baseline Credit Assessment) and its Baa1.ar national […]
Ecopetrol Equity Divestment Plan for EEB Shares
(Ecopetrol S.A. 2.Jun.2016) – Ecopetrol S.A. announced that on June 1, 2016, through the X-STREAM trading system of the Colombian Stock Exchange (Bolsa de Valores […]
YPFB Guarantees LPG Supply in Santa Cruz
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) – YPFB plans to increase the number of LPG cylinders in Santa Cruz to 45,000 per day from 37,000 […]
Helix Finalizes Contract Negotiations With Petrobras
(Helix Energy Solutions Group, 2.Jun.2016) – Helix Energy Solutions Group, Inc. has completed its contract renegotiations with Petrobras and entered into amendments to its well […]
Venezuela Proposes Production Band Again to OPEC
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) — Venezuela again proposed establishment of a production band during the 169th OPEC meeting in Vienna. The band system […]
Enargas Mandates Complexes To Reduce Gas Demand
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) – Union protests in Tierra del Fuego as well as climatic conditions have made it impossible to bring in […]
PetroEcuador Provides Infrastructure Update
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – At year-end 2015, EP PetroEcuador had the following infrastructure in Ecuador: 10 product pipelines, 8 fuel terminals […]
PetroEcuador Gasoline Network of 276 Service Stations
EEnergy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – EP PetroEcuador has a gasoline network comprising 276 service stations, reported the state company in an official […]
PetroEcuador Says Tax Increase Not to Affect Fuels
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – The price of Extra Gasoline, Extra Gasoline with Ethanol, Diesel 1, Diesel 2, Premium Diesel and LPG […]
Colombia Needs Investments of $7 Bln
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) – Colombia needs to invest an estimated $7 billion per year over a ten-year period or under to remain […]
Ecuador Seeks Foreign Investors for Pacific Refinery
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – Ecuador’s President Rafael Correa named Horacio Yépez Maldonado as the country’s new ambassador to seek financing for […]
Venezuela Proposes Alí Rodríguez as OPEC Sec-General
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) — Venezuela proposed to OPEC the appointment of Alí Rodríguez Araque as secretary-general for the organization, reported PDVSA in […]
Argentina Launches RenovAr Plan
(Energy Analytics Institute, Jared Yamin, 31.May.2016) – The Argentine government launched its so-called National Renewable Energies Plan or RenovAr. The plan contemplates installing nearly 1,000 […]
Saesa Says 15 Wind Projects Ready For Construction
(Energy Analytics Institute, Jared Yamin, 31.May.2016) – Energy company Saesa announced that at least 15 wind park projects are ready to be built in Argentina, […]
Gran Tierra to Increase in 2016 Exploration Budget
(Gran Tierra Energy Inc., 31.May.2016) – Gran Tierra is increasing its base 2016 capital budget by $33 million to $43 million to a revised total […]
PDVSA Reports 46% Drop in Hydrocarbon Income
(Energy Analytics Institute, Pietro D. Pitts, 31.May.2016) — Venezuela’s state oil company Petróleos de Venezuela (PDVSA) reported disappointing financial data for 2015 as oil and […]
Venezuela Publishes Details About Keeping Forex in Country
(Energy Analytics Institute, Jared Yamin, 31.May.2016) — Venezuela published details in its Official Gazette No. 40,913 which establishes that private, national and foreign companies that […]
El Aromo Area Considered Seismic Zone
(Energy Analytics Institute, 30.May.2016, Clifford Fingers III) – The El Aromo area, where the Pacific Refinery will be located, near Manta in Manabí is considered […]
Petrobras Announces New CEO, Mgmt Changes
(Petrobras, 30.May.2016) – Petrobras received Mr. Aldemir Bendine’s letter of resignation from the positions of Member of the Board of Petrobras and CEO. Bendine also […]
PDVSA Installs Stripper Unit at Puerto La Cruz Refinery
(Energy Analytics Institute, Piero Stewart, 28.May.2016) — PDVSA successfully installed a separator or sour water stripper unit, also known as Unit 84, at the Puerto […]
PetroCaribe Evaluates Creation of JV Company to Distribute Gas
(Energy Analytics Institute, Piero Stewart, 27.May.2016) — PetroCaribe member countries evaluated the creation of a joint-venture company that would distribute Venezuelan gas to them, reported […]
Dilma Warns Gov’t Wants to Privatize Brazilian Reserves
(Energy Analytics Institute, Jared Yamin, 26.May.2016) – Brazil President Rousseff Dilma, suspended from her duties for six months, claims the country’s interim president Michel Temer […]
PetroEcuador Reports 79% Decline In EBITDA
(Energy Analytics Institute, 25.May.2016, Clifford Fingers III) – EP PetroEcuador reported operational revenues of $9.284 billion in 2015, down $6.458 billion or 41 percent compared […]
San Mateo Petrol Station Starts Operations
(Energy Analytics Institute, 25.May.2016, Clifford Fingers III) – The artisan fishing and ship vessel diesel station in San Mateo, located in the province of Manabí, […]
YPFB to Boost LPG Supply During Winter Period
(Energy Analytics Institute, Jared Yamin, 25.May.2016) – YPFB will increase the supply of LPG cylinders to an average 158,000 per day from 130,000 per day […]