(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 […]
PDVSA to Divest of Petrolera del Cono Sur In Argentina
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – A group of Argentina businessmen plan to buy the assets of Petrolera del Cono Sur, a subsidiary of […]
Value of Bolivian Gas Exports Up 867%
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Bolivia’s natural gas exports reached $3.771 billion in 2015, up 867 percent compared to just $390 million in […]
Bolivia to Send Energy from Santa Cruz to Beni
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Bolivia’s National Electricity Company plans to send energy from Santa Cruz to Marbán del Beni to benefit communities […]
Enarsa to Import Gas From Chile
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Argentina’s state oil company Enarsa signed a contract to purchase natural gas from Chile at a price 53 […]
Lawmaker Wants Investigation into Brazil-Bolivia Deals
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Brazil’s Vice President of Foreign Affairs and Deputy in the Brazil National Defense Chamber of Brazil Luis Carlos […]
Venezuela, Trinidad Sign Energy-Related Deals
(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) – Venezuela’s President Nicolas Maduro and Trinidad and Tobago’s Prime Minister Keith Rowley were both present during an […]
Lawmaker’s Suggests Resignation of Minister Linked to Petrobras Scandal
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – Brazilian lawmaker Pauderney Avelino, from Brazil’s lower chamber, said Planning Minister Romero Jucá under the interim government of […]
Alfa Assumes $1 Bln Loss in Pacific E&P
(Energy Analytics Institute, Jared Yamin, 21.May.2016) – Mexican conglomerate Alfa considers its entire $1 billion in investment in Pacific Exploration & Production — the Canadian […]
ExxonMobil Reports Significant Oil Discovery Offshore Guyana
(Exxon Mobil, 20.May.2016) – Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was […]
Bolivia Exported 24 MMcm/d to Brazil
(Energy Analytics Institute, Jared Yamin, 19.May.2016) – Bolivian exports to Brazil reached 24 million cubic meters per day on May 12, 2016 compared to 30 […]
Chile Started Gas Exports to Argentina
(Energy Analytics Institute, 18.May.2016) — Chile shipped its first molecules of natural gas to Argentina on 17 May 2016, owing to an agreement between both […]
Rousseff Issues Will Not Affect Gas Deals
(Energy Analytics Institute, Jared Yamin, 18.May.2016) – The political situation that is affecting Brazil with the suspension of its President Dilma Rousseff will not affect […]
Sembcorp Unit Completes Repair Job at Brazil Yard
(Sembcorp Marine Ltd., 18.May.2016) – Singapore’s Sembcorp Marine Ltd. announced that its wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz (EJA) has marked a key operational milestone […]
Former Lula Minister Sentenced to Jail in Petrobras Case
(Energy Analytics Institute, Jared Yamin, 18.May.2016) – Former Brazilan Minister José Dirceu was sentenced to a 23-year, 3-month prison term due to his presumed involvement […]
Harvest Natural Resources Announces 1Q:16 Results
(Harvest Natural Resources, Inc., 17.May.2016) — Harvest Natural Resources, Inc. announced 2016 first quarter earnings and provided an operational update. Harvest reported a first quarter […]
Petrobras Signs Contracts for Marlim, Voador Fields
(Petrobras, 17.May.2016) – Petrobras signed an extension of the concession contracts for the Marlim and Voador fields with the National Petroleum Agency (ANP) until 2052. […]
Petrobras Issues $6.75 Billion in Global Notes
(Petrobras, 17.May.2016) – Petrobras issued $6.75 billion of 5 and 10 year Global Notes through its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The transaction […]
Petro San Félix Cos Study Swapping Coke
(Energy Analytics Institute, Piero Stewart, 16.May.2016) — A number of international and national coke processing companies visited the Petro San Félix solids terminal located in […]
PDVSA Increases Food Card Stipend to Bs. 38,000 per Month
(Energy Analytics Institute, Jared Yamin, 14.May.2016) — PDVSA increased the food card stipend to its workers by 100 percent to 38,000 Venezuelan bolivars per month, […]
Approval of Sale of Petrobras Argentina
(Petrobras, 13.May.2016) – Petrobras announced that its Board of Directors approved the sale of its entire 67.19 percent interest in Petrobras Argentina (PESA), owned by […]
Gasoline Chip Reaches 84% of Auto Park in Maracaibo
(Energy Analytics Institute, Jared Yamin, 13.May.2016) – An estimated 84 percent of Venezuela’s auto park in Maracaibo contains the special TAG gasoline chip, reported the […]
Petrobras on Sale of Nova Transportadora do Sudeste
(Petrobras, 13.May.2016) – Petrobras, further to the notice published on February 26, 2016 regarding the sale of Nova Transportadora do Sudeste (NTS), announced the company’s […]
Ecuador to Investigate Officials for Possible Fraud
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) – A number of public officials are under investigation for irregularities related to declaration of goods and links […]
La Libertad Refinery Fire Controlled With No Injuries
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) – A fire at the Parson plant of the La Libertad refinery, located in the Santa Elena province, […]
La Libertad Refinery Starts Preventative Maintenance
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) – The La Libertad Refinery started preventative maintenance on May 15, 2016, reported EP PetroEcuador in an official […]