NEW YORK, NEW YORK (By Fitch, 9.Sep.2025, Words: 1,225) — Fitch Ratings has placed Petroleos Mexicanos’ (PEMEX) ‘BB’ Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) on Rating Watch Positive (RWP). Fitch has also placed Pemex’s ‘BB’ senior unsecured notes outstanding on RWP. The RWP reflects Fitch’s expectation that […]
Tag: ENAP
EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2024) — Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing for IPO; Rio Tinto approving $2.5bn to expand the Rincon project in Argentina; ExxonMobil, with the announcement of the Hammerhead and Longtail projects offshore Guyana, […]
LatAm NRG heard: EnergĂa Argentina and Transener, Tula and Salina Cruz refineries
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Dec.2024, Words: 250) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Dec. 2024. —Argentina: EnergĂa Argentina SA initiated a process to divest its shrs in Transener, Argentina’s main energy transport co. The decision is in line […]
ENAP On Offer Related to its Notes due 2031
(ENAP, 5.Aug.2024) — Empresa Nacional del PetrĂłleo, a state-owned enterprise organized under the laws of the Republic of Chile announced today the pricing and final results of its previously announced offer to purchase for cash its 3.450% Notes due 2031 (the “Maximum Tender Offer Notes”) upon the terms of, and subject […]
Chile Signs Oil Import Deal with YPFÂ
(Reuters, 8.May.2023) — Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF (YPFD.BA) to import crude through the Trasandino pipeline, a key step for both countries’ trade. The Trasadino pipeline, known as OTA-OTC or OTASA, connects the huge Vaca […]
ENAP Starts Cash Tender Offer
 (ENAP, 26.Apr.2023) — Empresa Nacional del PetrĂłleo (ENAP) has commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s offer to purchase and consent solicitation statement dated 26 April 2023, for any and all of its outstanding 4.375% Notes due 2024. Capitalized terms […]
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NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]
NRGBriefs: Fedeunep Calling for Dollarization of Salaries
(Energy Analytics Institute, 15.Jan.2022) — Energy briefs including Chile’s state oil and gas entity ENAP celebrating 66 yrs of operations at the Aconcagua Refinery; construction of Mexico’s Olmeca Refinery progressing according to SENER’s plans; and Fedeunep pushing for the dollarization of salaries in Venezuela. Chile — Since its foundation 66 […]
NRGBriefs: Bolivia’s Urea Exports to Argentina, Brazil, and Peru
(Energy Analytics Institute, 6.Jan.2022) — Energy briefs including Bolivia’s urea production gaining mkt shr in Argentina, Brazil and Peru in less than 4 mths; Chile building more than 6,600MW of renewable, solar and wind energy in 2021; EP PetroEcuador lifting force majeure after completing work on bypasses at the Trans-Ecuadorian […]
ENAP Sipetrol Egypt Awarded West Amer Block in the Gulf of Suez
(Enap, 3.Jan.2022) — This assignment strengthens the exploration portfolio and confirms ENAP‘s good results in that country. ENAP Sipetrol Egypt has been awarded a new exploration and development contract in the African country. It is the West Amer block, which is located in the central sector of the Gulf of […]
NRGBriefs: Ecuador Declares Force Majeure On Oil Exports
(Energy Analytics Institute, 13.Dec.2021) — Energy briefs including Ecuador’s gov’t declaring force majeure on 12 Dec. 2021 on oil exports due to erosion issues around the Piedra Fina River and other tributaries of the Quijos River; Argentina celebrating Petroleum Day; TechnipFMC being awarded three frame agreements by Petrobras; and more. […]
ENAP Reports Profits of Ch$90bn as of 3Q:21
(ENAP, 28.Oct.2021) — Empresa Nacional del PetrĂłleo (ENAP), achieved a profit of Ch$90bn (US$109.9mn) in the third quarter of this year, compared to a loss of Ch$103bn (US$127.2mn) in the same period of the previous year, equivalent to a better result of Ch$190bn (US$237.1mn). These figures reaffirm the positive trend […]
ENAP To Move Forward With Wind Park
(Energy Analytics Institute, 29.Sep.2020) — Chile’s state oil and gas entity ENAP plans to start up a wind park located in Cabo Negro, the company announced 29 September 2020 via its Twitter feed, without providing details. __________ By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.
ENAP Magallanes Drilled 35 Wells In 2019
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2020) — During 2019 ENAP’s Magallanes division drilled 35 new wells, most of them in Tierra del Fuego. Based on this drilling program, the company maintaining production of 3 million cubic meters per day (MMcm/d) of natural gas, fulfilling regional supply commitments, ENAP announced in […]
ENAP Maritime Terminal Certified By Navy
(Energy Analytics Institute, Aaron Simonsky, 22.Nov.2019) — The marine terminal related to ENAP’s BĂo BĂo Refinery, located in the port of San Vicente in the community of Talcahuano, received its operational certificate. The certificate – delivered by the Chilean Navy – guarantees that the company meets the requirements demanded by […]
ENAP Reports Record Production In Ecuador
(Energy Analytics Institute, Piero Stewart, 15.Nov.2019) — Chile’s state oil company ENAP reported record production of 23,089 barrels per day of crude oil in Ecuador. The production level — reached on 29 October 2019 — is the highest level reached by ENAP Ecuador since it commenced operations in the Andean […]
Repsol Trading Wins Napo Oil Export Tender
(Energy Analytics Institute, Piero Stewart, 4.Sep.2019) — Ecuador’s state oil company EP PetroEcuador awarded the export of 1,080,000 +/- 5% barrels of 17-degree API Napo crude oil to Repsol Trading S.A., which is dedicated to the refining and commercialization of hydrocarbons, and which offered a per barrel differential of (-3.17) […]
Work Continues On The 10 MW PatagĂłnicos Wind Farm In The Magallanes Region
(Energy Analytics Institute, Aaron Simonsky, 15.May.2019) — Construction of the new PatagĂłnicos Wind Farm in the Magallanes Region, a joint venture between Enap and Pecket Energy, continues to advance with completion of concreting of the bases for the three wind turbines, ENAP said 15 May in a social media post […]
ENAP Places 11-Year Bonds In NYC For $680 Million
(Energy Analytics Institute, Aaron Simonsky, 30.Oct.2018) — ENAP finalized an international bond placement in New York for $680 million. The placement was at 5.261% with a spread of 215 basis points over the benchmark 10-year U.S. Treasury Bond, while coverage was 5.25%. Capital amortizations are in years 9, 10 and […]
Glencore Lands PetroEcuador ‘Spot’ Deal
(Energy Analytics Institute, Ian Silverman, 14.Jul.2018) – Glencore Ltd won a recent EP PetroEcuador spot auction, which guarantees the Ecuadorian entity income of $279.3 million. The Swiss company offered the best bid price with a positive differential of $ 1.08 per barrel, reported the daily newspaper El Universo. EP Petroecuador […]
ENAP to Spend $65.2 Mln in Ecuador
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) – ENAP announced it will increase investments in three fields it operates in Ecuador. “The new agreement stipulates an additional investment of $65.2 million for the drilling of 10 wells, which will allow the development of approximately 10.3 million barrels of oil through 2034,” […]
ENAP Names New General Manger
(Energy Analytics Institute, Jared Yamin, 17.Jul.2018) – Chile’s state oil company ENAP names a new general manager. The company selected AndrĂ©s Roccatagliata Orsini, who will assume the post on August 6, 2018, announced the company in an official statement on its website. Roccatagliata is a commercial engineer by training and […]
ENAP Says Clean Energy is Chile’s Future
(Energy Analytics Institute, Ian Silverman, 9.Jul.2018) – Chile’s state oil company ENAP says it’s developing a wind park in Magallanes in an official Twitter post. No further details were revealed. However, the benefits of the wind park include: — It’s renewable, — No greenhouse gases emitted, and — Permits sustainable […]
Chile to Export Gas to Argentina
(Energy Analytics Institute, Ian Silverman, 8.Jul.2018) – Chile signed an agreement to export natural gas to Argentina over the next three years. The agreement allows Chile to export a maximum 3 million cubic meters per day (MMcm/d) of natural gas to Argentina during the austral winter, state oil company ENAP […]
ENAP Board Appoints New CEO
(ENAP, 29.Jun.2018) – The new executive has a long and successful career, which highlights his experience in the management of large companies, as well as an innovative business vision. After an exhaustive search and selection process carried out by the consultancy Seminarium, ENAP Board of Directors, headed by its Chairwoman, […]
ENAP Articulates Gas Export Framework Deal
(ENAP, 27.Jun.2018) – The signing of this agreement positions ENAP as a leading company in managing agreements that allow greater energy integration between both countries. A new operation to export natural gas from our country to Argentina began today after the signing of a framework agreement between the two countries, […]
ENAP to Invest $131 Mln in Iso Plant
(Energy Analytics Institute, Ian Silverman, 20.Jun.2018) – The investment entails construction of a new isomerization plant and associated pond for the storage of gasoline. The project is part of a larger investment portfolio of more than $ 1.1 billion for the ENAP BĂo BĂo Refinery. The new investments aim to […]
ENAP to Invest $354 Mln in Project in Argentina
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Chile’s ENAP plans investments of $354 million in a project located in the eastern mouth of the Strait of Magellan, on the Argentine side. The company plans the investments in its Magallanes Area Incremental Project (PIAM) project, which has potential to substantially increase […]
ConocoPhillips’s Chilean Interests
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Chile in the Coiron Block in the Magallanes Basin, the company reported in a Fact Sheet updated on its website in March 2018. A short summary of its Chilean interest follows: — Coiron Block: Partners in the block include: […]
Chile and Argentina to Boost Gas, Oil Output
(Santiago Times, 6.Apr.2018) – The state-run energy firms of Chile and Argentina have inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America. The project, east of Magellan Strait, operated by Chile’s state-run ENAP in partnership with YPF, will boost production […]
Argentina Imports Natural Gas From Chile Under Two Contracts
(Energy Analytics Institute, Jared Yamin, 17.May.2017) – Argentina started importing natural gas from Chile, and will continue over an estimated three month period in order to cover increased demand during the winter period. On May 11, 2016 Argentina initiated import of an estimated 5 million cubic meters per day of […]
Enap Celebrates 71 Years Since First Oil Discovery
(By Energy Analytics Institute, Jared Yamin, 30.Dec.2016) – On 29 December 2016, Chile’s state oil company Empresa Nacional de Petróleo (Enap) celebrated 71 years since the first oil well discovery in Chile’s Springhill sector in Magallanes, the company reported in an official twitter post. ***
YPF, Enap Sipetrol to Invest $165 Mln in Magallanes
(Energy Analytics Institute, Jared Yamin, 3.Jun.2016) – YPF and Enap Sipetrol plan to invest $165 million to boost production in the Magallanes field offshore. The companies plan to increase natural gas production by 60 percent to 4 million cubic meters per day from 2.4 million cubic meters per day, and […]
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 to the Andean country. The smallest OPEC member has said it wants to import crude for the first time in decades as light reserves are […]