Energy Analytics Institute (EAI)

Argentina to Pay Galuccio $72 Mln Pesos to Leave YPF

(Energy Analytics Institute, Jared Yamin, 5.May.2016) – 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) – 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) – 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) – 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) – 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) – 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) – Ecopetrol S.A. announced Ecopetrol Group’s financial results for the first quarter of 2016, prepared and filed in Colombian pesos (COP$) […]

Táchira Petrol Stations Sell 91 Grade Gasoline for Bs. 200/Liter

(Energy Analytics Institute, Jared Yamin, 1.May.2016) – Ten gasoline stations – which form part of Venezuela’s Exclusive and Special Service stations – are selling PDVSA’s […]

PDVSA Pays Interest to 2022 Bondholders

(PDVSA, 29.Apr.2016) — 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) — Harvest Natural Resources, Inc. announced that, on April 25, 2016, the New York Stock Exchange (NYSE) notified the company […]

PEPC’s Restructuring Not Likely to Impact Brazil Program

(Karoon Gas Australia Ltd., 28.Apr.2016) – 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) — 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) – 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) – 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) – 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) – 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) – Pemex’s CEO, José Antonio González Anaya; Civil Protection National Coordinator from the Ministry of the Interior, Luis Felipe Puente, and Mexichem’s CEO, […]

Pemex: PMV Plant in Coatzacoalcos Under Control

(Pemex, 20.Apr.2016) – The current situation in the Clorados 3 Plant of Petroquímica Mexicana de Vinilo’s (PMV) in Coatzacoalcos, is under control and presents no […]

PetroEcuador Highlights Benefits of Esmeraldas Workover

(Energy Analytics Institute, 19.Apr.2016, Clifford Fingers III) – 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) – The Minister of Finance and Public Credit, Luis Videgaray, and the Pemex CEO José Antonio González Anaya, met in New York with […]

PDVSA Workers Banned From Company for Corruption

(Energy Analytics Institute, Jared Yamin, 14.Apr.2016) — A number of PDVSA workers have been banned from the company for corruption and more are under investigation […]

Finance Ministry, Public Credit Support Pemex

(Pemex, 13.Apr.2016) – Given the difficult situation of global low oil prices, Pemex faced a liquidity problem, while not a solvency one. In this context, […]

Petrobras Says Production Reached 2.55 MMBoe/d in March

(Petrobras, 10.Apr.2016) – Petrobras’ oil and natural gas output in March reached 2.55 MMboe/d, including 2.36 MMboe/d produced in Brazil and 183,000 boe/d abroad. Average […]

BrasFELS Signs $141 Mln FPSO Contract

(Keppel Corporation Ltd. 7.Apr.2016) – Singapore’s Keppel Corp. Ltd. announced that its unit Keppel Offshore & Marine Ltd. (Keppel O&M), through its subsidiary, Keppel FELS […]

Searcher Working on South Campeche 3D Seismic

(Searcher Seismic, 7.Apr.2016) – Searcher Seismic announced the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico. The seismic project, totaling approximately 6,834 square miles […]

Gran Tierra Announces Peso Hedging Program

(Gran Tierra Energy Inc., 6.Apr.2016) – Gran Tierra Energy Inc. announced, through one of its wholly owned subsidiaries, recently transacted Colombian peso (COP) hedges with […]

Gran Tierra Closes $100 Mln Notes Offering

(Gran Tierra Energy Inc., 6.Apr.2016) – Gran Tierra Energy Inc. announced that it has completed its previously announced offering of $100 million aggregate principal amount […]

FACT SHEET: PetroEcuador refineries have 175 Mb/d capacity

HOUSTON, TEXAS (Clifford Fingers III, Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III, Words: 88) – EP PetroEcuador’s 3 refineries — Esmeraldas, La Libertad and Shushufindi […]

PascualesCuena Product Pipeline Online in May 2016

(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – Construction of the Pascuales-Cuenca product pipeline will allow EP PetroEcuador to develop a LPG transport and distribution […]

PetroEcuador Exports Reached 131.4 MMbbls in 2015

(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – EP PetroEcuador reported crude exports of 131.4 million barrels (MMbbls) in 2015, which generated revenues of $5,477 […]

El Niño Pulling Down Venezuela’s Water Reserves

(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Venezuela, which relies on hydroelectric energy to generate 62 percent of its electricity, could be overcome by power […]

Rosneft to Partner with PDVSA in Mariscal Sucre

(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Russia’s Rosneft OAO and PDVSA signed an agreement for joint development of production, treatment and the sale of […]

Venezuela Turns to Gold Rush to Prevent Economic Collapse

(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Venezuela plans to immediately focus efforts on the exploitation and export of its massive gold resources located in […]

Petrobras’ New Program to Encourage Voluntary Severance

(Petrobras, 1.Apr.2016) – Petrobras launched a new Program to Encourage Voluntary Severance (PIDV), which will be open to all employees, regardless of their age or […]

Ecuador Considers Venezuela as Partner in Refinery

(Energy Analytics Institute, 30.Mar.2016, Clifford Fingers III) – While Ecuador continues to seek financing from foreign investors looking to invest in the estimated $13 billion […]

Keppel FELS Delivers Another Two Rigs

(Keppel FELS, 27.Mar.2016) – Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), delivered two jackup rigs […]

Battery-hungry World Turns to South America’s ‘Lithium Triangle’

(Reuters, 15.Mar.2016) — Far from the soy and cattle that dominate its vast fertile pampas, Argentina harbors another valuable commodity that is rocketing in price […]

GenPower, ExxonMobil Sign Framework for LNG Supply

(Golar LNG, 4.Mar.2016) — Golar GenPower Brasil Participações S.A., a joint venture between LNG Power Limited (UK), a standalone non-recourse subsidiary of Golar LNG Limited […]

Statoil Strengthens Its Position In Uruguay

(Statoil, 15.Feb.2016) — Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas […]

Ecuador’s Refinery Dream Seems More A Fantasy

(S&P Global Platts, 15.Feb.2016) — It was supposed to be the biggest investment ever in Ecuador: $12 billion for a 300,000 b/d refinery and a […]

Petrobras OTC 2015: Offshore Video

(Energy Analytics Institute, Jared Yamin, 30.Oct.2015) – Brazil’s state oil entity Petrobras discusses its challenges in the pre-salt during the Offshore Technology Conference in Houston, […]

Bolivia Starts Warnes Thermoelectric Plant

(Energy Analytics Institute, 9.Oct.2015) – The Warnes Thermoelectric Plant, located in Bolivia’s Santa Cruz department, will provide 200 megawatts (MW) of energy to the country’s […]

Venezuela’s Torres Corrected During NY Meetings

(Energy Analytics Institute, Piero Stewart, 8.Oct.2015) – Rumors have it that Venezuela’s Finance Minister Rodolfo Marco Torres had to be corrected on a number of […]

Venezuelan Officials Visit with T&T’s Rowley

(Energy Analytics Institute, Piero Stewart, 8.Oct.2015) – A Venezuela delegation is expected to visit with Trinidad and Tobago Prime Minister K. Rowley, Venezuela finance minister […]

OPEC Must Be Stronger on Geopolitical Front

(Energy Analytics Institute, Pietro D. Pitts, 8.Oct.2015) – “OPEC should convert itself into a stronger actor in geopolitical, geo-economics, and social areas as well in […]

Rosneft Drills Record Well in Venezuela

(Rosneft, 8.Oct.2015) – Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 […]

Petroecuador Says Time to Buy Light Crude

(Reuters, 6.Oct.2015, Alexandra Valencia) – Ecuador’s state-run oil company Petroecuador said it is ready to advance discussions with 24 companies interested in supplying light crude […]

Venezuela to Start Mariscal Sucre Project by YE:15

(Energy Analytics Institute, Pietro D. Pitts, 1.Oct.2015) – Venezuela will soon start offshore gas production at the Mariscal Sucre project. Production from Cardon IV block […]

PetroCabimas to Drill Curazaito Exploration Well

(Energy Analytics Institute, Piero Stewart, 1.Oct.2015) – This will be the first exploration well to search for and confirm the presence of oil and gas […]

Oil Price Collapse to Affect Venezuela Cash Flow

(Energy Analytics Institute, Pietro D. Pitts, 1.Oct.2015) – Due to the fall in oil prices, all of the oil companies and governments have experienced a […]