(Sembcorp Marine Ltd., 18.May.2016) â 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) â Former Brazilan Minister JosĂ© 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) â 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) â 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) â 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 FĂ©lix Cos Study Swapping Coke
(Energy Analytics Institute, Piero Stewart, 16.May.2016) â A number of international and national coke processing companies visited the Petro San FĂ©lix solids terminal located in […]
PDVSA Increases Food Card Stipend to Bs. 38,000 per Month
(Energy Analytics Institute, Jared Yamin, 14.May.2016) â 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) â 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) â An estimated 84 percent of Venezuelaâs auto park in Maracaibo contains the special TAG gasoline chip, reported the […]
Petrobras on Sale of Nova Transportadora do Sudeste
(Petrobras, 13.May.2016) â 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) â 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) â 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) â The La Libertad Refinery started preventative maintenance on May 15, 2016, reported EP PetroEcuador in an official […]
Colombia Needs to Reinforce Existing Regulation
(Energy Analytics Institute, Jared Yamin, 11.May.2016) â Colombia needs to reinforce existing regulations to stimulate public and private sector investments in sustainable energy projects and […]
Argentina Interested in Buying Excess Gas from Punta De Sayago
(Energy Analytics Institute, Aaron Simonsky, 11.May.2016) â The government of Uruguay continues to move forward with agreements to secure markets for natural gas to come […]
Pemex To Boost Crude Exports to Japan
(Energy Analytics Institute, Fidencio Casillas, 11.May.2016) â Pemex plans to boost its shipments of crude oil to Japan after reaching agreements with clients including Cosmo […]
Moody’s Confirms Ecopetrol Investment Rating
(Ecopetrol S.A. 10.May.206) â Ecopetrol S.A. announced that Moody’s Investors Service has maintained Ecopetrol’s credit rating at Baa3. This confirmation means that the company will […]
EIG Proposes $250 Mln Injection in Pacific
(Energy Analytics Institute, Jared Yamin, 10.May.2016) â EIG Global Energy Partners has proposed a $250 million capital injection in ailing oil producers Pacific Exploration & […]
Ecuador Starts Exploitation Activities at Tiputini
(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) â Ecuador starting exploitation activities at the Tiputin field, part of the YasunĂ ITT block in July 2016, […]
Ecuador Output Averaged 542 Mb/d in 1Q:16
(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) â Ecuador, the smallest country within the Organization of Petroleum Exporting Countries or OPEC, exported an average 542,000 […]
YPF to Participate In Two Areas in Bolivia
(Energy Analytics Institute, Jared Yamin, 9.May.2016) â YPF has plans to participate in the Boyuibe and Ibibobo areas in Bolivia, reported the daily newspaper La […]
Repsol Visits Bolivia to Discuss Investments
(Energy Analytics Institute, Jared Yamin, 9.May.2016) â Repsol President Antonio Brufau visited Bolivia to discuss overall investments in the small landlocked country with officials from […]
Total to Boost Output in Bolivia by 6.7 MMcm/d
(Energy Analytics Institute, Jared Yamin, 9.May.2016) â France’s Total plans to boost natural gas production by 6.7 million cubic meters per day at Aquio Incahuasi. […]
Bolivia’s Margarita Field Producing 20 MMcm/d
(Energy Analytics Institute, Jared Yamin, 9.May.2016) â Bolivia’s Margarita field is producing 20 million cubic meters per day of gas, reported the daily newspaper La […]
Ende, Siemens Sign $397.5 Mln Contract in Bolivia
(Energy Analytics Institute, Jared Yamin, 9.May.2016) â Bolivia’s National Electricity Company signed a contract with Siemens AG for $397.5 million to boost energy production in […]
Clarification on Estimated Returns on Petrobras Projects
(Petrobras, 9.May.2016) â Petrobras said it periodically analyzes the economic performance of its projects. The results are consolidated in a corporate document entitled Post-EVTE Study […]
Petrobras Signs Credit with China Exim Bank
(Petrobras, 9.May.2016) â Petrobras signed a term sheet with China Exim Bank (Export-Import Bank of China) containing the main terms and conditions for a $1 […]
Petrobras Reports April Production Levels
(Petrobras, 9.May.2016) â Petrobras’ total oil and natural gas production in April amounted to 2.69 MMboe/d, of which 2.50 MMboe/d were produced in Brazil and […]
Petrobras Reports on Negotiations for Sale of Petrobras Argentina
(Petrobras, 8.May.2016) â Petrobras, regarding the sale of its stake in Petrobras Argentina, as disclosed in the Material Fact on February 3, 2016, would like […]
YPF Announces Plans for 20 Areas in RĂo Negro, Chubut
(Energy Analytics Institute, Jared Yamin, 7.May.2016) â YPF plans to divest of as many as 20 areas in Argentina where the company has a partial […]
Argentina to Pay Galuccio $72 Mln Pesos to Leave YPF
(Energy Analytics Institute, Jared Yamin, 5.May.2016) â The government of President Mauricio Macri will pay 72 million Argentine pesos to Miguel Galuccio as part of […]
Moody’s Affirms Ocensa’s Baa3 Ratings
(Moody’s, 4.May.2016) â Moody’s affirmed Oleoducto Central, S.A.’s (Ocensa) Baa3 senior unsecured ratings. The rating outlook was changed to negative from positive. Ratings Rationale “The […]
Bolivia to Invest $2.4 Bln in 86 Projects
(Energy Analytics Institute, Jared Yamin, 4.May.2016) â YPFB is planning activities in 86 exploration projects in 63 areas which will require an estimated investment of […]
YPFB Corp. Reports 72% Drop in Profits
(Energy Analytics Institute, Jared Yamin, 4.May.2016) â YPFB Corporation reported profits of $364.1 million in 2015, down 72 percent compared to $1,299.5 million in 2014, […]
Bolivia Hydrocarbon Sector Investments 2016-2020
(Energy Analytics Institute, Jared Yamin, 4.May.2016) â With oil prices below $50 per barrel, YPFB plans investments of $12.681 billion during 2016-2020 under its Economic […]
Petrobras Updates on Sale of Distribution Assets in Chile
(Petrobras, 4.May.2016) â Petrobras has completed negotiations with the Southern Cross Group on the main terms and conditions for the sale of 100 percent of […]
Ecopetrol Announces Results for 1Q:16
(By Ecopetrol S.A. 3.May.2016) â Ecopetrol S.A. announced Ecopetrol Group’s financial results for the first quarter of 2016, prepared and filed in Colombian pesos (COP$) […]
TĂĄchira Petrol Stations Sell 91 Grade Gasoline for Bs. 200/Liter
(Energy Analytics Institute, Jared Yamin, 1.May.2016) â Ten gasoline stations â which form part of Venezuelaâs Exclusive and Special Service stations â are selling PDVSAâs […]
PDVSA Pays Interest to 2022 Bondholders
(PDVSA, 29.Apr.2016) â PDVSA announced that payment of interest was made on April 28, 2016 to all holders of PDVSA Bonds maturing 2022 with an […]
Harvest Receives Continued Notice Listing From NYSE
(Harvest Natural Resources, Inc., 29.Apr.2016) â Harvest Natural Resources, Inc. announced that, on April 25, 2016, the New York Stock Exchange (NYSE) notified the company […]
PEPCâs Restructuring Not Likely to Impact Brazil Program
(Karoon Gas Australia Ltd., 28.Apr.2016) â Karoon Gas Australia Ltd. provided an update on recent events relating to its 65 percent owned Santos Basin Blocks […]
PDVSA Advances with Plants at Sinovensa, Petrocarabobo
(Energy Analytics Institute, Piero Stewart, 28.Apr.2016) â PDVSA has started work on the heavy oil treatment plants at the joint-venture companies Petrolera Sinovensa and Petrocarabobo, […]
Ecopetrol Adjusts its 2016 Investment Plan
(Ecopetrol S.A., 27.Apr.2016) â Ecopetrol S.A. announced that in light of the current low crude oil price environment, and with the aim of protecting the […]
Petrobras Comments on Divestment of Gaspetro Shares
(Petrobras, 26.Apr.2016) â Petrobras declared that the new injunction granted by the Rio Federal Court has not suspended the sale of 49 percent of its […]
Moody’s Upgrades Argentine Corporate Issuers
(Moody’s, 21.Apr.2016) â Moody’s Investors Service upgraded ratings of several companies with operations in Argentina, with the outlook changed to stable from positive. The rating […]
IFC, China-Mexico to Invest $200 Mln in Citla
(IFC, 21.Apr.2016) â International Finance Corp. (IFC), a member of the World Bank Group, and the ChinaMexico Fund (CMF), a $1.2 billion private equity fund […]
Pemex and Mexichem Inform the Loss of 13 Workers
(Pemex, 21.Apr.2016) â Pemexâs CEO, JosĂ© Antonio GonzĂĄlez Anaya; Civil Protection National Coordinator from the Ministry of the Interior, Luis Felipe Puente, and Mexichemâs CEO, […]
Pemex: PMV Plant in Coatzacoalcos Under Control
(Pemex, 20.Apr.2016) â The current situation in the Clorados 3 Plant of PetroquĂmica Mexicana de Viniloâs (PMV) in Coatzacoalcos, is under control and presents no […]
PetroEcuador Highlights Benefits of Esmeraldas Workover
(Energy Analytics Institute, 19.Apr.2016, Clifford Fingers III) â EP PetroEcuador stands to gain the most from the recent workover to the Esmeraldas Refinery, reported the […]
Finance Ministry, Pemex Meet With Investors
(Pemex, 19.Apr.2016) â The Minister of Finance and Public Credit, Luis Videgaray, and the Pemex CEO JosĂ© Antonio GonzĂĄlez Anaya, met in New York with […]