Venezuela Economy To Shrink 25% In 2020: IMF

(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the Latin America and Caribbean (LAC) region with its gross domestic product (GDP) projected to contract 25% in 2020, according to […]

Houston American Energy’s 1-for-12.5 Reverse Stock Split

(Houston American Energy, 21.Jul.2020) — Houston American Energy Corp. announced the company will effect a 1-for-12.5 reverse stock split of its common stock on 31 July 2020. The company’s common stock is expected to begin trading on a split-adjusted basis on the NYSE American exchange at the market open on […]

Coronavirus Amplifies LatAm Sovereigns’ Pressures

(Fitch, 18.May.2020) — LatAm sovereigns’ weak public finances make them particularly vulnerable to the coronavirus crisis, Fitch Ratings says, by limiting both their counter-cyclical policy flexibility and their ability to support post-crisis economic recoveries. The pronounced negative ratings pressures in the region stem largely from these pre-existing fiscal issues. LatAm […]

GeoPark Announces New Jauke Gas Field Discovery in Chile

(GeoPark, 20.Aug.2018) — GeoPark Limited announced the successful drilling and testing of the Jauke 1 exploration well in the Fell block (GeoPark operated, 100% WI) in Chile. “This discovery illustrates the hydrocarbon-generating capacity of GeoPark’s unique Latin American multi-country platform,” said GeoPark Chief Executive Officer James F. Park. GeoPark drilled […]

Venezuela Petrol To Rise to Int’l Levels

(Energy Analytics Institute, Ian Silverman, 13.Aug.2018) — The price of Venezuela’s subsidized petrol, long one of the cheapest in world, is set to rise. Effective August 20, 2018, the price of Venezuela’s petrol will cost the same as in international markets, reported PDVSA in an official statement, citing comments from […]

Venezuela Not Selling Gasoline in Pesos

(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Venezuela expects to receive between $120,000 and $150,000 per day from the sale of its gasoline along the Colombian border, reported the daily El Nacional citing Economist Aldo Contreras. However, since initiating the process on January 2, 2017 to commercialize its gasoline along […]

Mariscal Sucre Has 600 MMcf/d Production Potential

(Piero Stewart, Energy Analytics Institute, 1.Feb.2017) – Venezuela’s Mariscal Sucre natural gas project offshore has a production potential of 600 million cubic feet per day. The company plans to use this gas production to supply export markets in Colombia, Ecuador, Central America and the Caribbean, PDVSA announced in an official […]

PDVSA initiates production at Dragon gas field

CARACAS, VENEZUELA (By Pietro D. Pitts, Energy Analytics Institute, 25.Aug.2013, Words: 650) – Development of the offshore fields Dragon, Patao, Mejillones and Rio Caribe located in the Northern Paria Peninsula will allow for initial production of 200 MMcf/d of gas and 20 Mb/d of condensates which will be destined initially […]

Q&A with Chevron LatAm’s Susana Brugada

(Energy Analytics Institute, Pietro D. Pitts, 7.Aug.2013) – Chevron Latin America Business Unit Public Affairs and Communications Coordinator Susana Brugada spoke with Energy Analytics Institute in a brief interview from Caracas, Venezuela. What follows are excerpts from the brief interview. EAI: Is Chevron continuing to export gas to Venezuela from […]