(Energy Analytics Institute, Aaron Simonsky, 11.May.2016) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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) – 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, JosĂ© 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 PetroquĂmica 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 JosĂ© 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 […]