Energy Analytics Institute (EAI)

$1.2 Bln Esmeraldas Rehab Work Near Complete

(PetroEcuador, 18.Sep.2015) – PetroEcuador says that overhaul work is being performed on processing units at the 110,000 barrel per day (b/d) capacity Esmeraldas refinery that […]

Petrobras Clarifies Gaspetro Details

(Petrobras, 17.Sep.2015) – Due to the article published in the press on the potential sale of Gaspetro, Petrobras clarifies that, as announced on June 29, […]

Lliquimuni Well Results by November 2015

(El Diario, 17.Sep.2015) – Results from the Lliquimuni exploration well are expected to be ready in late-October or early-November, reported the daily newspaper El Diario, […]

Petrobras Output Sets Record in August

(Petrobras, 16.Sept.2015) – Petrobras’ oil and natural gas production in Brazil and abroad reached 2.88 MMboe/d in Aug.2015, a new record. It is up 0.8% […]

Venezuela, Saudi Arabia Joint Commission

(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – Venezuela’s Foreign Minister and Vice President of International Affairs at PDVSA, Delcy Rodríguez, accompanied by Minister of Commerce […]

Venezuela Oil Sector Viable with $40/bbl

(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – “A $40 per barrel oil price is not a low price for Venezuela,” says Ramon Espinasa, oil economist […]

Petrobras Clarifies Details of Expense Cuts

(Petrobras, 15.Sep.2015) – Petrobras hereby responds to BM&FBovespa Official Letter 2851/2015-SAE, which requests the following clarifications: BM&FBovespa Official Letter 2851/2015-SAE “We request that you provide […]

Venezuela’s Good, Bad Position

(Energy Analytics Institute, 14.Sep.2015) – In terms of decisions made by Venezuelan government, a former AVHI executive in Caracas shares his thoughts. “What is good […]

Petrobras Appoints Temp Chairman, BODs

(Petrobras, 15.Sep.2015) – Petrobras’ Board of Directors approved the appointment of Director Luiz Nelson Guedes de Carvalho at a meeting. Carvalho will chair this Board […]

Petrobras Updates on Leasing of Rigs

(Petrobras, 15.Sept.2015) – In regard to the news items carried by the press concerning the leasing of oil rigs, Petrobras cannot confirm that it is […]

PDVSA Output to Likely Fall in Default Scenario

(Energy Analytics Institute, Piero Stewart, 14.Sep.2015) – In terms of a much talked about default, PDVSA would continue to function but the levels of output […]

Peru’s Large Oil Block Woes

(Maria Luisa Puig, Eurasia, 14.Sept.2015) – Indigenous groups occupied the installations of block 192, the largest oil field in the Amazon jungle, to force the […]

PDVSA Falsely Accusing Innocent Workers

(Energy Analytics Institute, Piero Stewart, 14.Sep.2015) – PDVSA is falsely accusing innocent workers of smuggling fuel, according to an oil union official. “By falsely accusing […]

Petrobras Says Board Pres. Takes Leave

(Petrobras, 14.Sep.2015) – Petrobras’ Chair of the Board of Directors, Murilo Ferreira, has advised the Board that he will be on leave of absence until […]

AES Awarded Panama’s First Gas-Fired Plant

(AES Corporation, 11.Sep.2015) – AES Corporation announced that its subsidiary, Gas Natural Atlantico S. de R.L., won a competitive bid process conducted by the Electric […]

Petrobras Reports on Downgrade by S&P’s

(Petrobras, 11.Sep.2015) – Regarding Standard & Poor’s announcement of its new rating on September 10, 2015, Petrobras reiterates the medium-term fundability of its projects has […]

Petrobras’ Naphtha Contract with Braskem

(Petrobras, 11.Sep.2015) – Petrobras and Braskem have signed contracts to supply naphtha for 2-months, starting on September 1, 2015: one is for the Braskem Unit […]

Venezuela Records Quake in Sucre State

(Energy Analytics Institute, Piero Stewart, 10.Sep.2015) – A 4.5 magnitude quake was reported in Venezuela’s Sucre state (41km north of Guiria), Venezuelan Seismological Foundation (Funvisis) […]

Energy Should Be Key Integration Driver

(PDVSA, 10.Sept.2015) – The World Energy Council (WEC) and the Union of South American Nations (UNASUR), with the support of the Ministry of Electricity and […]

Petrobras’ Clarification on Drilling Rigs

(Petrobras, 10.Sep.2015) – Currently, Petrobras has 28 contracts with Sete Brasil to charter drilling rigs. Charter contracts for 7 of the rigs were signed in […]

Del Pino Says Producers Must Overcome Differences

(Energy Analytics Institute, 10.Sep.2015) – “Let’s overcome our differences of opinion between OPEC and non OPEC producers to achieve consensus,” Venezuela’s oil ministry posted via twitter […]

Venezuela Arrest Nine for Trafficking Copper, Lead

(AVN, 9.Sep.2015) – Venezuela’s public prosecutor office arrests 9 persons convicted of trafficking 15 tons of copper and lead that belonged to PDVSA. ***

Moody’s Withdraws Pan America Rating

(Moody’s Investor Service, 9.Sep.2015) – Moody’s Latin America Agente de Calificación de Riesgo has withdrawn the Aa1.ar National Local Currency rating for the Senior Unsecured […]

Gas Treatment Plant In Triguadare Operational After Fire

(Energy Analytics Institute, Piero Stewart, 8.Sep.2015) – A gas treatment plant in the Triguadare sector of Paraguana peninsula in Falcon state is operating normally after […]

EMAS AMC Wins Contract for Angostura Project

(Ezra Holdings Ltd., 8.Sep.2015) – Singapore’s Ezra Holdings Limited (Ezra or the Group), a leading contractor and provider of integrated offshore solutions to the oil […]

Guyana Cabinet Briefed on Oil Sector Management

(Guyana Government Information Agency, 4.Sep.2015) – Minister of Governance, Raphael Trotman, has briefed Cabinet on the strategic, legislative, regulatory and institutional arrangements for the management […]

Guyana To Assure No Fuel Shortages

(Guyana Government Information Agency, 4.Sep.2015) – The government of Guyana believes that its responsibility and obligation are to ensure that there will be no shortage […]

H5 Settles with Chevron Over Ecuador Lawsuit

(Chevron Corporation, 3.Sep.2015) – Chevron Corporation reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn […]

MEO Australia Signs Deal for Cuba Block 9

(MEO Australia Ltd., 3.Sep.2015) – MEO Australia Limited executed the Cuba Block 9 Production Sharing Contract (PSC) with the national oil company Cuba Petroleo Union […]

Launching of Floatel for Pemex

(Pemex, 28.Aug.2015) – The vessel will have the capacity to accommodate 700 platform workers. The accommodation vessel (floatel, floating hotel) built to service Pemex’s platforms, […]

Samsung Must Finish Petrochem Plant By July 2016 Deadline

GeoPark Finds Light Oil in Colombia

(GeoPark Limited, 27.Aug.2015) – GeoPark Limited announces a new oil field discovery following drilling of exploration well Chachalaca 1, located on the Llanos 34 Block […]

Petrobras Output for July 2015

(Petrobras, 26.Aug.2015) – Petrobras sets new daily and monthly records for oil extraction in the pre-salt layer. Petrobras’ average oil and natural gas production rose […]

Petrobras Debentures Public Offering

(Petrobras, 26.Aug.2015) – Petrobras has submitted to the Brazilian Financial and Capital Markets Association (ANBIMA) a request for the preliminary analysis of registration for the […]

Pemex Responds to Moody’s Press Release

(Pemex, 25.Aug.2015) – Moody’s Investors Service placed Pemex’s global foreign currency and global local currency A3 ratings under review for a possible downgrade. In this […]

Petrobras Pays Fine in USA

(Petrobras, 20.Aug.2015) – Regarding media reports on the payment of a fine to U.S. authorities, Petrobras states there is nothing ongoing regarding any payment of […]

Ecopetrol Oks Creation of New Subsidiary

(Ecopetrol S.A., 19.Aug.2015) – The Board of Directors of Ecopetrol S.A., in its meeting held on 14.Aug.2015, authorized the creation of a Colombian company indirectly […]

Details Related to Petrobras Distribuidora IPO

(Petrobras, 18.Aug.2015) – Pursuant to CVM Instruction 480/09, Petrobras has published, in the Brazilian Securities and Exchange Commission (CVM) system, an acknowledgement relating to the […]

Pemex Looks to Improve Diesel Production

(Pemex, 14.Aug.2015) – The exchange of light crude between the U.S. and Mexico will improve the production of diesel and gasoline in the country. Pemex […]

Pacific Rubiales Changes Name To Pacific E&P Corp.

(Pacific Rubiales, 14.Aug.2015) — Pacific Rubiales Energy Corp. changed its corporate name to Pacific Exploration and Production Corporation. The name change reflects the company’s broader […]

Life in a Venezuelan Oil Camp: Tío Conejo Meets Uncle Sam

(Harvard Review of Latin America, Miguel Tinker Salas, 14.Aug.2015) – I grew up in a Venezuelan oil camp. Ever since I can remember, I have […]

Ecopetrol Extraordinary Shareholder’s Meeting

(Ecopetrol S.A., 14.Aug.2015) – Due to the resignation of Mr. Gonzalo Restrepo Lopez and the election of his replacement, the CEO of Ecopetrol S.A. hereby […]

Moody’s Affirms Petrobras Argentina Notes

(Moody’s Investor Service, 14.Aug.2015) – Moody’s Latin America Agente de Calificación de Riesgo affirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras […]

Petrobras Updates on Inclusion of Tax Debts

(Petrobras, 14.Aug.2015) – Petrobras has decided to include tax debts in the Special Installment Program – REFIS, introduced under Law 12996/2014 and regulated by the […]

Fitch Affirms Corpoelec IDRs

(Fitch, 13.Aug.2015) – Fitch Ratings has affirmed Corporacion Electrica Nacional S.A.’s (CORPOELEC) local and foreign currency Issuer Default Ratings (IDRs) at ‘CCC’. ***

PDVSA’s Planned Shutdown of Cardon FCC Unit

(Energy Analytics Institute, Pietro D. Pitts, 11.Aug.2015) – The Paraguana Refining Center (CRP) will initiate a preventive shutdown of the Cardon Refinery’s Fluidized Catalytic Cracking […]

Pemex, STPRM to Review Collective Agreement

(Pemex, 11.Aug.2015) – Pemex and the Petroleum Workers Union of the Mexican Republic (STPRM, Sindicato de Trabajadores Petroleros de la República Mexicana) agreed to a […]

Pemex Reports on Pipeline Fire

(Pemex, 11.Aug.2015) – The fire registered today in the Escobedo-Santa Catarina pipeline, in the municipality of García in Nuevo León, was caused by a blow […]

BODs Of Pemex Drilling And Services Installed

(Pemex, 11.Aug.2015) – At the installation session of the Board of Directors of the new Productive State-owned Subsidiary (PSS) Pemex Drilling and Services (Pemex Perforación […]

Court Grants Appeal to Pemex

(Pemex, 10.Aug.2015) – The Second Joint Civil Court of the Third Circuit, based in the city of Guadalajara, granted the appeal filed by Pemex thus […]