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Tag: COVID-19

Global Witness Withdraws Guyana Report
Guyana Latin America and Caribbean

Global Witness Withdraws Guyana Report

ENERGY ANALYTICS INSTITUTE (EAI)11/01/202111/01/2021
(Global Witness, 11.Jan.2021) — The climate emergency is the greatest threat facing the world. If we are to prevent its worst impacts we all must act now. For Global Witness...
Petrobras Reports Record Production In 2020
Brazil Latin America and Caribbean

Petrobras Reports Record Production In 2020

ENERGY ANALYTICS INSTITUTE (EAI)07/01/202111/01/2021
(Petrobras, 7.Jan.2021) — Petrobras registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and...
Eurasia Group Publishes Top Risks For 2021
Asia North America USA

Eurasia Group Publishes Top Risks For 2021

ENERGY ANALYTICS INSTITUTE (EAI)04/01/202107/01/2021
(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world's industrial democracies. China is America's strongest competitor,...
Perenco To Compensate Workers In Quarantine
Latin America and Caribbean Trinidad and Tobago

Perenco To Compensate Workers In Quarantine

ENERGY ANALYTICS INSTITUTE (EAI)26/12/202009/01/2021
(Trinidad and Tobago Newsday, 26.Dec.2020) — Perenco TT Ltd has assured that it has and will continues to fulfil its contractual obligations to its workforce, and that all personnel will...
Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery
North America USA

Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery

ENERGY ANALYTICS INSTITUTE (EAI)21/12/202029/12/2020
(Reuters, 21.Dec.2020) — Citgo Petroleum Corp plans an overhaul at its 167,500 barrel-per-day (bpd) Corpus Christi, Texas, refinery in the fourth quarter of 2021, the company said on Monday. The...
Gov’t Worked With Exxon For Maximum Production
Guyana Latin America and Caribbean

Gov’t Worked With Exxon For Maximum Production

ENERGY ANALYTICS INSTITUTE (EAI)20/12/202022/12/2020
(DPI, 20.Dec.2020) — The government of Guyana says it welcomes the announcement by US oil and gas company ExxonMobil that it has reached maximum production of 120,000 barrels of oil...
ExxonMobil To Reduce Staff Levels In Canada
Canada North America

ExxonMobil To Reduce Staff Levels In Canada

ENERGY ANALYTICS INSTITUTE (EAI)25/11/202029/12/2020
(Exxon, 25.Nov.2020) — As part of an ongoing global review to identify cost efficiencies and improve long-term competitiveness, staffing levels will be reduced at ExxonMobil’s Canadian affiliates. It is anticipated...
Nigeria In Recession, Impacted By COVID-19, Oil
Africa Nigeria

Nigeria In Recession, Impacted By COVID-19, Oil

ENERGY ANALYTICS INSTITUTE (EAI)21/11/202023/11/2020
(Reuters, 21.Nov.2020) — Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released on Saturday which showed the impact...
ExxonMobil To Reduce US Staff Levels
North America USA

ExxonMobil To Reduce US Staff Levels

ENERGY ANALYTICS INSTITUTE (EAI)30/10/202030/10/2020
(Exxon, 30.Oct.2020) — As part of an extensive global review announced earlier this year, the company plans to reduce staffing levels in the United States, primarily at its management offices...
Latin America Peers Warily Into US Election Mirror
North America USA

Latin America Peers Warily Into US Election Mirror

ENERGY ANALYTICS INSTITUTE (EAI)30/10/202030/10/2020
(Argus, 30.Oct.2020) — The region's recovery from Covid-19 will depend heavily on who is dictating US policy, writes Patricia Garip. Waves of political chaos that recurrently engulf Latin America were...
Simón Bolívar Foundation Rejects Maduro Allegations
North America USA

Simón Bolívar Foundation Rejects Maduro Allegations

ENERGY ANALYTICS INSTITUTE (EAI)30/10/202003/11/2020
(Citgo, 30.Oct.2020) — Given the recent accusations made by representatives of the Nicolás Maduro regime, the Simón Bolívar Foundation, the private non-profit foundation of Citgo Petroleum Corporation, categorically rejects the...
Petrobras Boosts Production Outlook
Brazil Latin America and Caribbean

Petrobras Boosts Production Outlook

ENERGY ANALYTICS INSTITUTE (EAI)20/10/202026/10/2020
(Reuters, 20.Oct.2020) — Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most...
OAS Mission In Bolivia To Observe Elections
Bolivia Latin America and Caribbean

OAS Mission In Bolivia To Observe Elections

ENERGY ANALYTICS INSTITUTE (EAI)09/10/202016/10/2020
(OAS, 9.Oct.2020) — The Electoral Observation Mission (EOM) of the Organization of American States (OAS) will begin to arrive in La Paz tomorrow to begin the tasks of observation in...
Petrobras Reports Record S-10 Diesel Production, Sales
Brazil Latin America and Caribbean

Petrobras Reports Record S-10 Diesel Production, Sales

ENERGY ANALYTICS INSTITUTE (EAI)07/10/202007/10/2020
(Petrobras, 7.Oct.2020) — Petrobras reports that in September, for the fourth month in a row, it surpassed the record production of S-10 low sulfur diesel, reaching the 1.89 million m³...
IMF OKs $6.5bn Extended Facility For Ecuador
Ecuador Latin America and Caribbean

IMF OKs $6.5bn Extended Facility For Ecuador

ENERGY ANALYTICS INSTITUTE (EAI)01/10/202005/11/2020
(IMF, 1.Oct.2020) — The Executive Board of the International Monetary Fund (IMF) approved a 27-month extended arrangement under the Extended Fund Facility (EFF) for Ecuador, with access equivalent to SDR...
Investors Pull Plug On Argentina’s Prized Shale Play
Argentina Latin America and Caribbean

Investors Pull Plug On Argentina’s Prized Shale Play

ENERGY ANALYTICS INSTITUTE (EAI)19/09/202022/09/2020
(Oilprice.com, 19.Sep.2020) — Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock...
US Secretary Of State Mike Pompeo Arrives In Guyana
Guyana Latin America and Caribbean

US Secretary Of State Mike Pompeo Arrives In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)17/09/202018/09/2020
(DPI, 17.Sep.2020) — The arrival of United States (US) Secretary of State, Mr. Michael Pompeo on these shores today marks an historic development in the relationship between Guyana and the...
US Secretary Of State To Reach Guyana Soon
Guyana Latin America and Caribbean

US Secretary Of State To Reach Guyana Soon

ENERGY ANALYTICS INSTITUTE (EAI)17/09/202018/09/2020
(DPI, 17.Sep.2020) — The United States Secretary of State Mr. Michael Pompeo is set to arrive this evening and will be the highest-ranking sitting government official to visit Guyana since...
Ecopetrol Aims To Drill 100 Permian Wells By YE:21
Colombia Latin America and Caribbean North America USA

Ecopetrol Aims To Drill 100 Permian Wells By YE:21

ENERGY ANALYTICS INSTITUTE (EAI)14/09/202015/09/2020
(Reuters, 14.Sep.2020) — Colombian oil company Ecopetrol SA aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover, Chief...
PPSA Sale Plan Stokes Oil Contract Debate
Brazil Latin America and Caribbean

PPSA Sale Plan Stokes Oil Contract Debate

ENERGY ANALYTICS INSTITUTE (EAI)12/08/202014/08/2020
(Argus, 12.Aug.2020) — The Brazilian government's plan to sell state-owned pre-salt marketing company PPSA has stalled amid congressional foot-dragging over a change in pre-salt contract terms. Addressing reporters late yesterday,...
Colombian Oil Major Reports Surprise Profits
Colombia Latin America and Caribbean

Colombian Oil Major Reports Surprise Profits

ENERGY ANALYTICS INSTITUTE (EAI)12/08/202018/08/2020
(Oilprice.com, 12.Aug.202) — The March 2020 oil price crash and COVID-19 pandemic has hit the global energy sector hard. In response oil companies are slashing capital spending, driving down costs...
Saudi Arabia Turns Off America’s Oil Taps Again
Middle East

Saudi Arabia Turns Off America’s Oil Taps Again

ENERGY ANALYTICS INSTITUTE (EAI)09/08/202010/08/2020
(Bloomberg, 9.Aug.2020) — The strategy worked wonders in 2017. It will be more challenging this time around unless the pandemic eases its grip on oil demand. For the second time...
Trump Hits Wall With Bid To Place Ally At LatAm Bank
North America USA

Trump Hits Wall With Bid To Place Ally At LatAm Bank

ENERGY ANALYTICS INSTITUTE (EAI)07/08/202010/08/2020
(Bloomberg, 7.Aug.2020) — Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. President Donald Trump’s push to...
Investors Want To Know: Colombia’s Negative Outlook
Colombia Latin America and Caribbean

Investors Want To Know: Colombia’s Negative Outlook

ENERGY ANALYTICS INSTITUTE (EAI)22/07/202023/07/2020
(Fitch Ratings, 22.Jul.2020) — Colombia's sovereign metrics have deteriorated further since its April downgrade to 'BBB-', underpinning the range of downside risks reflected in the country's Negative Rating Outlook, says...
Petronas New Energy Teams Up with Nefin Group
Asia

Petronas New Energy Teams Up with Nefin Group

ENERGY ANALYTICS INSTITUTE (EAI)20/07/202007/10/2020
(Petronas, 20.Jul.2020) — Following the launch of its first solar rooftop solution, M+ by Petronas last year, Petronas New Energy is now set to grow in the domestic renewable energy...
Siemens To Establish Mobile Working As “New Normal”
Europe

Siemens To Establish Mobile Working As “New Normal”

ENERGY ANALYTICS INSTITUTE (EAI)16/07/202027/07/2020
(Siemens, 16.Jul.2020) — Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during the global pandemic and beyond....
MERNNR Extends Offers For El Aromo And Villonaco
Ecuador Latin America and Caribbean

MERNNR Extends Offers For El Aromo And Villonaco

ENERGY ANALYTICS INSTITUTE (EAI)10/07/202011/07/2020
(Energy Analytics Institute, 10.Jul.2020) — René Ortiz, the head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) extended terms for the delivery of technical and economic offers --...
Renewables Key To LatAm Economic Recovery
Ecuador Latin America and Caribbean

Renewables Key To LatAm Economic Recovery

ENERGY ANALYTICS INSTITUTE (EAI)08/07/202010/07/2020
(Reve, 8.Jul.2020) — The International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE) will boost ties to put the renewables driven energy transformation at the heart of...
Petrobras To Cut Over 20% Of Workforce
Brazil Latin America and Caribbean

Petrobras To Cut Over 20% Of Workforce

ENERGY ANALYTICS INSTITUTE (EAI)01/07/202002/07/2020
(Reuters, 1.Jul.2020) — Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil...
Brazil’s IBP Sees COVID-19 Impact Until The End Of 2021
Brazil Latin America and Caribbean

Brazil’s IBP Sees COVID-19 Impact Until The End Of 2021

ENERGY ANALYTICS INSTITUTE (EAI)30/06/202001/07/2020
(Reuters, 30.Jun.2020) — Brazil’s oil industry expects a recovery in domestic demand in the next months driven by growing China imports, but the negative effects of COVID-19 are expected to...
YPF Issues Force Majeure Notice On Tango FLNG
Argentina Latin America and Caribbean

YPF Issues Force Majeure Notice On Tango FLNG

ENERGY ANALYTICS INSTITUTE (EAI)26/06/202001/07/2020
(Reuters, 26.Jun.2020) — Belgian shipping company Exmar has said that it had received a force majeure notice from Argentine oil company YPF SA under charter and services deals for the...
Keith Rowley’s Address – Energy, Renewables Event
Latin America and Caribbean Trinidad and Tobago

Keith Rowley’s Address – Energy, Renewables Event

ENERGY ANALYTICS INSTITUTE (EAI)24/06/202026/06/2020
(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a very good morning to you...
Exxon Reduces Guyana Crude Production
Guyana Latin America and Caribbean

Exxon Reduces Guyana Crude Production

ENERGY ANALYTICS INSTITUTE (EAI)16/06/202022/06/2020
(Tudor Pickering, 16.Jun.2020) — Reports out last night that XOM was forced to reduce output at its Liza Phase 1 project in the Stabroek block offshore Guyana due to an...
Petrobras Refineries Near Pre-pandemic Levels
Brazil Latin America and Caribbean

Petrobras Refineries Near Pre-pandemic Levels

ENERGY ANALYTICS INSTITUTE (EAI)12/06/202015/06/2020
(Reuters, 12.Jun.2020) — Utilization rates at refineries owned by Brazil’s Petrobras are nearing pre-pandemic levels, as lower fuel imports by competitors and resilient international demand for bunker fuel provide a...
Exxon Oil Output Falls On Gas Compressor Problem
Guyana Latin America and Caribbean

Exxon Oil Output Falls On Gas Compressor Problem

ENERGY ANALYTICS INSTITUTE (EAI)07/06/202010/06/2020
(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now between 25,000 and 30,000 bpd...
Oil Workers In Mexico Plead To Come Home
Latin America and Caribbean Mexico Trinidad and Tobago

Oil Workers In Mexico Plead To Come Home

ENERGY ANALYTICS INSTITUTE (EAI)04/06/202005/06/2020
(The Guardian, 4.Jun.2020) — Dozens of Trinidad and Tobago oilfield workers in Mexico have issued a plea to the government to allow them to return home. The workers issued a...
Pemex Continues With Tula Refinery Contingency
Latin America and Caribbean Mexico

Pemex Continues With Tula Refinery Contingency

ENERGY ANALYTICS INSTITUTE (EAI)03/06/202012/06/2020
(Energy Analytics Institute, 3.Jun.2020) — Pemex’s "Miguel Hidalgo" refinery in Tula carried out preventive measures to mitigate the risks of the Covid-19 pandemic among its work force as well as...
Global LNG Demand Faces Seasonal Contraction
Asia

Global LNG Demand Faces Seasonal Contraction

ENERGY ANALYTICS INSTITUTE (EAI)02/06/202003/06/2020
(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7%...
Trinidad-Venezuela Ties Omit Natural Gas For Now
Latin America and Caribbean Trinidad and Tobago Venezuela

Trinidad-Venezuela Ties Omit Natural Gas For Now

ENERGY ANALYTICS INSTITUTE (EAI)29/05/202002/06/2020
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela's US-sanctioned government this week, but the political ties will not revive natural gas cooperation in the near term because...
Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative
Brazil Latin America and Caribbean

Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative

ENERGY ANALYTICS INSTITUTE (EAI)28/05/202002/06/2020
(Fitch Ratings, 28.May.2020) — Fitch Ratings has affirmed Raizen Combustiveis S.A.'s and Raizen Energia S.A.'s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB' and National Long-Term Ratings...
Covid-19 Crisis Could Crush Brazil’s Oil Boom
Brazil Latin America and Caribbean

Covid-19 Crisis Could Crush Brazil’s Oil Boom

ENERGY ANALYTICS INSTITUTE (EAI)20/05/202022/05/2020
(Oilprice.com, 20.May.2020) — The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it. “Brazil has the worst COVID growth rate of...
Colombia Eyes Intervention In Oil Pipeline Tariffs
Colombia Latin America and Caribbean

Colombia Eyes Intervention In Oil Pipeline Tariffs

ENERGY ANALYTICS INSTITUTE (EAI)20/05/202022/05/2020
(Reuters, 20.May.2020) — Colombia’s government could make an unprecedented intervention in oil pipeline tariffs, which private producers have criticized as too high, the president of the country’s National Hydrocarbons Agency...
Argentina Sets Oil At $45/bbl To Shield Domestic Sector
Argentina Latin America and Caribbean

Argentina Sets Oil At $45/bbl To Shield Domestic Sector

ENERGY ANALYTICS INSTITUTE (EAI)19/05/202025/05/2020
(Reuters, 19.May.2020) — Argentina's government set the local crude oil reference price at $45 per barrel on Tuesday in a bid to protect the country's hard-hit sector from the impact...
UPM Finalizes Items With New Uruguayan Government
Latin America and Caribbean Uruguay

UPM Finalizes Items With New Uruguayan Government

ENERGY ANALYTICS INSTITUTE (EAI)15/05/202025/05/2020
(UPM, 15.May.2020) — UPM is proceeding at full speed with its investment project in Uruguay and has taken several steps forward. UPM and the new Government of Uruguay have signed...
Petrobras Comments On Internal Event News
Brazil Latin America and Caribbean

Petrobras Comments On Internal Event News

ENERGY ANALYTICS INSTITUTE (EAI)08/05/202010/05/2020
(Petrobras, 8.May.2020) — Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in an internal event with the...
Petrobras Reaches Oil Export Record In April
Brazil Latin America and Caribbean

Petrobras Reaches Oil Export Record In April

ENERGY ANALYTICS INSTITUTE (EAI)04/05/202010/05/2020
(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening the company's cash flow. The...
Statement From Guyana’s DOE Director Mark Bynoe
Guyana Latin America and Caribbean

Statement From Guyana’s DOE Director Mark Bynoe

ENERGY ANALYTICS INSTITUTE (EAI)04/05/202011/06/2020
(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore over our national and regional...
Global LNG Demand Resilient Amid COVID-19
North America USA

Global LNG Demand Resilient Amid COVID-19

ENERGY ANALYTICS INSTITUTE (EAI)30/04/202003/05/2020
(IHSMarkit, 30.Apr.2020) — The COVID19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed for the supply and demand...
Petrobras Powers Past Oil Glut On China Sales
Brazil Latin America and Caribbean

Petrobras Powers Past Oil Glut On China Sales

ENERGY ANALYTICS INSTITUTE (EAI)29/04/202003/05/2020
(Bloomberg, 29.Apr.2020) — Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it...
Mexican Oil Platforms Cut Staff Over Coronavirus
Latin America and Caribbean Mexico

Mexican Oil Platforms Cut Staff Over Coronavirus

ENERGY ANALYTICS INSTITUTE (EAI)26/04/202030/04/2020
(Reuters, 26.Apr.2020) — Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos...
Argentina Sets Stage for Debt Offer With $50Bn Filing
Argentina Latin America and Caribbean

Argentina Sets Stage for Debt Offer With $50Bn Filing

ENERGY ANALYTICS INSTITUTE (EAI)15/04/202016/04/2020
(Bloomberg, 15.Apr.2020) — Argentina registered to issue more than $50 billion in new debt as it prepares to make a painful restructuring offer to holders of its sovereign bonds. The...
Pemex Platform Worker Infected With Coronavirus
Latin America and Caribbean Mexico

Pemex Platform Worker Infected With Coronavirus

ENERGY ANALYTICS INSTITUTE (EAI)13/04/202016/04/2020
(Reuters, 13.Apr.2020) — At least one worker at Mexican state oil company Pemex’s Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two...
CSI Compressco Provides Financial And Ops Update
North America USA

CSI Compressco Provides Financial And Ops Update

ENERGY ANALYTICS INSTITUTE (EAI)13/04/202003/05/2020
(CSI, 13.Apr.2020) — CSI Compressco LP announced that, in light of the current, significant macroeconomic uncertainty resulting from the recent decline in oil prices and the ongoing COVID-19 pandemic, it...
YPF Slashes Vaca Muerta Output: Rio Negro Reports
Argentina Latin America and Caribbean

YPF Slashes Vaca Muerta Output: Rio Negro Reports

ENERGY ANALYTICS INSTITUTE (EAI)09/04/202011/04/2020
(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid...
WoodMac On OPEC+ Production Plan
Europe North America USA

WoodMac On OPEC+ Production Plan

ENERGY ANALYTICS INSTITUTE (EAI)09/04/202012/04/2020
(WoodMac, 9.Apr.2020) — As OPEC+ agreed at cut of 10 million b/d, WoodMac’s Ann-Louise Hittle said: “A 10 million b/d cut would be very supportive of price over the second...
Brief Intro Remarks By OPEC Secretary General
Africa Argentina Brazil Colombia Ecuador Europe Latin America and Caribbean Mexico North America Trinidad and Tobago USA

Brief Intro Remarks By OPEC Secretary General

ENERGY ANALYTICS INSTITUTE (EAI)09/04/202010/04/2020
(OPEC, 9.Apr.2020) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 9 April 2020, via webinar. Excellencies, Over the course...
S&P Changes Petrobras’ Rating To Stable
Brazil Latin America and Caribbean

S&P Changes Petrobras’ Rating To Stable

ENERGY ANALYTICS INSTITUTE (EAI)07/04/202007/04/2020
(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company's global credit rating outlook from positive to stable, and has kept the risk level (rating)...
Petrobras Says S&P Changes Global Rating Perspective
Brazil Latin America and Caribbean

Petrobras Says S&P Changes Global Rating Perspective

ENERGY ANALYTICS INSTITUTE (EAI)07/04/202009/04/2020
(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company's global credit rating outlook from positive to stable, and has kept the risk level (rating)...
EP PetroEcuador Suspends Operations At La Libertad
Ecuador Latin America and Caribbean

EP PetroEcuador Suspends Operations At La Libertad

ENERGY ANALYTICS INSTITUTE (EAI)03/04/202005/04/2020
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — State oil company EP PetroEcuador announced plans to suspend activities at the La Libertad refinery located in Santa Elena province for 14 days,...
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
Argentina Latin America and Caribbean

‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead

ENERGY ANALYTICS INSTITUTE (EAI)01/04/202002/04/2020
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca...
Caribbean Facing Less Bright Future For Oil And Gas
Latin America and Caribbean Trinidad and Tobago

Caribbean Facing Less Bright Future For Oil And Gas

ENERGY ANALYTICS INSTITUTE (EAI)29/03/202021/04/2020
(Jamaica Gleaner, 29.Mar.2020) — Just a few weeks ago it was possible for Trinidad & Tobago’s Prime Minister, Dr Keith Rowley, to indicate in a major speech, that the Caribbean...
Citgo Foundation To Support Covid-19 Efforts In Venezuela
Latin America and Caribbean North America USA Venezuela

Citgo Foundation To Support Covid-19 Efforts In Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)26/03/202001/04/2020
(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small grants program to help alleviate...
Petrobras Cuts Capex, Output By 100,000 B/D
Brazil Latin America and Caribbean

Petrobras Cuts Capex, Output By 100,000 B/D

ENERGY ANALYTICS INSTITUTE (EAI)26/03/202004/04/2020
(Petrobras, 26.Mar.2020) — Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the impacts of the COVID-19 (coronavirus)...
YPF Inks Deals With Ministries For Truckers
Argentina Latin America and Caribbean

YPF Inks Deals With Ministries For Truckers

ENERGY ANALYTICS INSTITUTE (EAI)25/03/202028/03/2020
(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2020) — YPF President Guillermo Nielsen signed an agreement with the representatives from Argentina’s ministries of Transportation, Security, Health, Interior and Agriculture, Livestock and Fisheries;...
IMF Managing Dir. Kristalina Georgieva On Argentina
Argentina Latin America and Caribbean

IMF Managing Dir. Kristalina Georgieva On Argentina

ENERGY ANALYTICS INSTITUTE (EAI)20/03/202012/05/2020
(IMF, 20.Mar.2020) — At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical note prepared by IMF staff...
Petrobras Reduces Workforce Amid Virus
Brazil Latin America and Caribbean

Petrobras Reduces Workforce Amid Virus

ENERGY ANALYTICS INSTITUTE (EAI)17/03/202019/03/2020
(S&P Global Platts, 17.Mar.2020) — Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and production facilities, amid expanding efforts...
Ecopetrol Cuts CAPEX And Other Expenses, Costs
Colombia Latin America and Caribbean

Ecopetrol Cuts CAPEX And Other Expenses, Costs

ENERGY ANALYTICS INSTITUTE (EAI)17/03/202019/03/2020
(Ecopetrol, 17.Mar.2020) — Ecopetrol S.A. informs that in an extraordinary session held on March 16, its Board of Directors adopted a set of actions to address the challenging market conditions,...
Economic Fallout From Virus Felt In Venezuela
Latin America and Caribbean Venezuela

Economic Fallout From Virus Felt In Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)16/03/202028/03/2020
(ABC News, 16.Mar.2020) — Nicolás Maduro’s government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying by Venezuelans accustomed to hoarding...
Pemex Received First Payment From Its Hedge
Latin America and Caribbean Mexico

Pemex Received First Payment From Its Hedge

ENERGY ANALYTICS INSTITUTE (EAI)12/03/202014/05/2020
(Bloomberg, 12.Mar.2020) — Petroleos Mexicanos received its first payment from its annual oil hedge, as prices fell the most in three decades amid a producer battle for market share, and...
Coronavirus’ Greatest Upstream Impact: On Prices
Asia

Coronavirus’ Greatest Upstream Impact: On Prices

ENERGY ANALYTICS INSTITUTE (EAI)27/02/202029/02/2020
(WoodMac, 27.Feb.2020) — The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global...

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Exxon’s 4Q:20 Results Call

Vincent Pereira To Retire From BHP Trinidad

Driller Stuns Creditors As Argentina’s Dollars Dwindle

OFAC Sanctions Individuals, Entities And Vessels

Keystone XL Commits Renewable Energy

Exxon’s Hassa-1 Doesn’t Finds Hydrocarbons

Venezuela Eyes Private Cos Operating Oil Fields

Panama Canal LNG Vessel Bottleneck Could Go Months

Judge Approves Citgo Parent Share Sale

Venezuela Creates Special Crisis Commission

Total Announces Fourth Find In Suriname’s Block 58

Keskesi East-1 Finds Oil In Block 58 Offshore Suriname

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