PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.Feb.2025) â Ecuador’s EP PetroEcuador said a contingency plan has been activated at km 431 of the Transecuatorian Pipeline System (SOTE) in the El Vergel sector in the province of Esmeraldas due to the breakage of the pipeline in the right of way […]
Tag: EP PetroEcuador
Protected: Ecuador Inks 2 Tenders to Export 4,680,000 bbls in Mar. 2025
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Ecuador Advances electrical infrastructure Projects in El Pangui
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) â Ecuador’s national government is backing several projects to improve electrical infrastructure in the province of Zamora Chinchipe, which will benefit 5,340+ inhabitants of El Pangui. Work on a 3-phase medium voltage line, developed in the sectors 20 de Agosto and […]
Ecuador Awards 3,960,000 bbls to Shell (Oriente) and Unipec (Napo)
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 24.Jan.2025) â EP PetroEcuador expects to export 3,960,000 barrels (bbls) of crude oil in Feb. 2025, which will generate estimated revenues of $251mn. This as EP PetroEcuador awarded the sale of 1,800,000 bbls of Oriente crude to Shell Western Supply and Trading […]
EP PetroEcuador Exported 120 MMbbls in 2024, Generating Sales of $8.183bn
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 22.Jan.2025) â EP PetroEcuador exported 120,052,357.43 bbls of Oriente, Napo, Fuel Oil No. 6 and Vacuum Gas Oil in 2024, which generated sales of $8.183bn during the year. Of the exports, Ecuador’s Oriente crude represented 67,253,025.50 bbls, Napo crude (46,205,910.55 bbls), Fuel […]
Ecuador’s SOTE Transported 104 MMbbls of Oriente Crude in 2024
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Jan.2025) â Ecuador’s Trans-Ecuadorian Pipeline System (SOTE) transported 104,348,303.29 bbls of Oriente crude oil in 2024. This represented a 90.9% compliance with goals set out in EP PetroEcuador‘s annual operating plan. The SOTE is Ecuador’s main crude transportation system. It transports crude […]
EP PetroEcuador GM Leydi Jiménez Rivera Visits Shushufindi Field
(Piero Stewart, Energy Analytics Institute, 3.Jan.2025) â EP PetroEcuador general manager Leydi JimĂ©nez Rivera made a technical visit to Block 57 and in specific the Shushufindi field located in the province of SucumbĂos. Block 57 is made up of the Shushufindi, Aguarico, Drago, Cobra and Condorazo fields, EP PetroEcuador announced […]
EP PetroEcuador Eyes 2 New Wells from Block 59 Vinita C PlatformÂ
(Piero Stewart, Energy Analytics Institute, 2.Jan.2025) â EP PetroEcuador has an eye on Ecuador’s Block 59 where it plans to drill 2 new wells in Vinita field in the first-quarter 2025. The aim there is to maintain and then progressively increase production at the field. The wells, No. 19 and No. […]
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EAI Andean NRG Dashboard 4Q:24 [PDF Download]
(Energy Analytics Institute, 28.Dec.2024) â Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Trinidad and Tobago and the Caribbean. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]
LatAm NRG Heard: Milei’s Popularity, ECA’s early-2026 Start-up, Saguaro EnergĂa
HOUSTON, TEXAS (Energy Analytics Institute, 13.Dec.2024) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 13 Dec. 2024. âArgentina: Argentina’s president Javier Milei maintains strong popularity 1 yr into his presidency as the Argentine peso has appreciated, inflation has fallen and foreign/domestic investors in the […]
PetroEcuador’s Tres Bocas Station Receives BT Zamora Vessel with 225,000 bbls of Fuel
(Piero Stewart, Energy Analytics Institute, 11.Dec.2024) â EP PetroEcuador‘s Tres Bocas Station received a 40,000 metric ton vessel with 225,000 bbls of fuel destined to national consumption. EP PetroEcuador continues with efforts to increase fuel inventories in the southern parts of Ecuador in order to timely meet the demand for […]
Pucuna Campaign Could Add 2,000 b/d to Block 44 Production Tab
(Piero Stewart, Energy Analytics Institute, 30.Nov.2024) â Block 44, Pucuna, located in the province of Orellana, has maintained sustained and increasing production. To date, Pucuna, which is part of the Palo Azul Asset, is registering average production of 7,153 barrels per day (b/d). During 2024, Pucuna technicians have made efforts […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 22 Nov. 2024
(Energy Analytics Institute, 22.Nov.2024) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 22 Nov. 2024. LATIN AMERICA AND THE CARIBBEAN âArgentina: In Oct. 2024, Argentina exported $817mn in fuel and energy, accumulating $7,995mn in the first 10 mths of 2024. âArgentina: In Oct. 2024, […]
EP PetroEcuador Eyes Exports of 7,920,000 bbls
(Energy Analytics Institute, 13.Nov.2024) â Between Nov. 2024 and Jan. 2025, EP PetroEcuador looks to export 7,920,000 barrels of crude oil, generating revenues of approximately $496mn. The projected exports and revenues highlight the importance of international oil trade as a vital source of income for Ecuador, the state-owned company announced […]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 11.Oct.2024) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. âArgentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in Punta Colorada, execs. w/ the state […]
Killing of Indigenous Ecuador Anti-oil Activist Spurs Questions
(Al Jazerra, 22.May.2023) â It was a Sunday in late February, and Eduardo MendĂșa was doing what he was famous for: organising against the oil drilling that had transformed his ancestral lands in Ecuador. A member of the Indigenous CofĂĄn people, MendĂșa had seen pipelines and wells spring up throughout the […]
EP PetroEcuador to Import Premium Diesel from Trafigura
(Energy Analytics Institute, 7.Jul.2022) â EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022. The transaction will be completed via eight shipments of 280,000 +/- 2% […]
NRGBriefs: EP PetroEcuador Eyes Recuperating Production
(Energy Analytics Institute, 1.Jul.2022) â Energy briefs including Ecuadorâs state oil giant EP PetroEcuador eying recovery by the end of July 2022 of all the production lost at its fields in the Amazon during the national strike; and Guyana’s President Dr Irfaan Ali reaffirming Guyana’s commitment to strengthening its relationship […]
EP PetroEcuador Comments on Impact of Ongoing Unrest
(Energy Analytics Institute, 25.Jun.2022) â Ongoing social unrest, which started on 13 June 2022, in Ecuadorâs Amazon region has led to the closure of oil wells and consequently has led to an inability to operate entire blocks in the South American country. To date, Ecuador has stopped producing 1,071,707 barrels […]
Social Unrest Impacts Ecuadorâs Oil Production
(Energy Analytics Institute, 20.Jun.2022) â Social unrest in Ecuador is again impacting the operations of state owned EP PetroEcuador in the Amazon region of the South American country. After eight days of stoppages called by some opposition organizations, the company has reported accumulated loss production (company and consortia) of 64,347 […]
Ecuador Declares Force Majeure for Oil, State of Exception over Protests
(Reuters, 18.Jun.2022) â Ecuador’s state-owned oil company Petroecuador declared force majeure late on Saturday over the impact of protests against the government’s social and economic policies in the Andean country, while President Guillermo Lasso tried to clamp down on unrest. The oil company declared force majeure for its exploration, exploitation, […]
Ecuador Seeks Partner to Stop Gas Flaring as Anger Rises in the Amazon
(Reuters, 17.Jun.2022) â Ecuador oil company Petroecuador says it is working to shut down gas flares in the Amazon to comply with a court-imposed deadline, but progress is too slow for nearby communities who allege the flares cause cancer and other illnesses. A provincial tribunal in Sucumbios province last year […]
PetroEcuador Seeks Partner to Develop Block 6
(Energy Analytics Institute, 9.Jun.2022) â Ecuadorâs state-owned EP PetroEcuador is eying a bidding process to select a strategic partner to develop Block 6 in the Gulf of Guayaquil. PetroEcuador is seeking to boost production at the Amistad Field and maximize the recovery factor of its deposits in Block 6, the […]
NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%
(Energy Analytics Institute, 18.Apr.2022) â Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentinaâs inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]
NRGBriefs: Argentina Grants Chevron El Trapial Este Concession
(Energy Analytics Institute, 9.Apr.2022) â Energy briefs including Argentina granting the El Trapial Este hydrocarbon concession to Chevron; and EP PetroEcuador reporting average production of 372,609 b/d in 2021. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina granted the El Trapial Este hydrocarbon concession to Chevron. The deal implies the […]
NRGBriefs: Ecoanalitica Sees Venezuelaâs Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) â Energy briefs including Caracas-based Econanalitica is forecasting Venezuelaâs oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentinaâs Economic Minister MartĂn GuzmĂĄn meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
NRGBriefs: Venezuelaâs Oil Minister on Oil Market Stability and Supply
(Energy Analytics Institute, 31.Mar.2022) â Energy briefs including the US Energy Department saying it is ready to execute the president of the United Statesâ authorization of an immediate release of 1 million barrels per day for 6 months from the Strategic Petroleum Reserve; and Trinidad and Tobago NGL Limited (TTNGL) […]
Frontera Finds 27.2 Degree API Light Oil At The Tui-1 Well In Ecuador
(Frontera, 24.Mar.2022) â Frontera Energy Corporation (TSX: FEC) has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block (Frontera 50% W.I. and operator) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are excited to announce a second consecutive light crude oil […]
Shell Among Companies Chasing Ecuadorian Oil After Russia Sanctions
(Bloomberg, 16.Mar.2022) â U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plcâs trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuadorâs state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) â Energy briefs including Ecuadorâs state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuelaâs VP Delcy Rodriguez traveling to participate in meeting w/ Russiaâs Foreign Minister Sergey Lavrov to âreaffirm friendship bonds and deepen strategic cooperation; […]
NRGBriefs: Maduro Says No Presidential Elections Until At Least 2025
(Energy Analytics Institute, 4.Feb.2022) â Energy briefs including Colombia signing a MOU w/ The Netherlands to create a hydrogen export channel; Venezuelaâs President NicolĂĄs Maduro saying there will be no presidential elections in 2024; and more. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia signed a MOU w/ The Netherlands […]
NRGBriefs: Argentina’s President Meets with Putin
(Energy Analytics Institute, 3.Feb.2022) â Energy briefs including Grupo EnergĂa BogotĂĄ commencing assembly of the first tower of its north project in ChocontĂĄ (Cundinamarca); Argentinaâs President Alberto Fernandez visiting Russia to discuss energy, industry, environmental and financing issues w/ his Russian counterpart Vladimir Putin; and EP PetroEcuador General Manager Äștalo […]
NRGBriefs: De Novo Prepares Zandolieâs Subsea Structure
(Energy Analytics Institute, 31.Jan.2022) â Energy briefs including EP PetroEcuador and Abastecedora Ecuatoriana de Combustibles S.A. (ABASTIBLES S.A.) signing a petroleum products contract; shares of Frontera Energy and CGX Energy halting on rumors of a find offshore Guyana at the Kawa well; and DeNovoâs Zandolie subsea structure being readied for […]
Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year
(Reuters, 19.Jan.2022) â Ecuador’s state-owned oil company, Petroecuador, is targeting average output of 425,000 barrels of oil equivalent per day (boed) by the end of 2022, manager Italo Cedeno said on Wednesday. Petroecaudor’s production averaged some 380,000 boed until November. It dwindled to a trickle in December after pumping through […]
EP PetroEcuador Continues with Work on Pipeline Bypasses
(Energy Analytics Institute, 15.Jan.2022) â EP PetroEcuador continues with work on a seventh bypass for the Trans-Ecuadorian Oil Pipeline System (SOTE) aimed at protecting the infrastructure and avoiding further stoppages that affect the country’s economy. EP PetroEcuador General Manager Ătalo Cedeño together with company Transportation Manager, Washington Gallegos, and a […]
NRGBriefs: Boliviaâs Urea Exports to Argentina, Brazil, and Peru
(Energy Analytics Institute, 6.Jan.2022) â Energy briefs including Boliviaâs 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 […]
Ecuador Continues to Recover Production, Transport, Refining Operations
(Energy Analytics Institute, 6.Jan.2022) â Ecuadorâs oil production has returned to 93% of levels seen before preventive stoppages were executed at the countryâs oil and product pipelines in early-December 2021 due to advancing soil erosion of the Piedra Fina river in Napo Province. âThe decision to lift the force majeure […]
Ecuador Oil Sector to See Busy Year
(S&P Global Platts, 3.Jan.2022) â Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign investment. Lasso’s new center-right government, which has set out to […]
NRGBriefs: Venezuelaâs Oil Minister El Aissami Says Heâs Fine
(Energy Analytics Institute, 14.Dec.2021) â Energy briefs including EP PetroEcuador announcing it has sufficient fuel supplies at all its terminals despite transport issues impacting Ecuadorâs two oil pipelines and one derivatives pipeline; ExxonMobil reiterating the Liza Unity FPSO will commence ops by 2022 offshore Guyana; Venezuelaâs oil minister Tareck El […]
Ecuador Declares Force Majeure On All Oil Contracts
(Bloomberg, 13.Dec.2021) â Ecuador declared force majeure on all oil contracts, including exports and imports, as the threat of soil erosion forced the shutdown of the countryâs two pipelines that transport crude across the Andes. The clause, which is invoked to remove liability from failing to honor contracts in the […]
NRGBriefs: EP PetroEcuador Awards Export Deals
(Energy Analytics Institute, 13.Oct.2021) â Energy briefs including the IMF advising Argentina to lower its deficit and estimating Venezuelaâs inflation at 2,700% this yr, Colombiaâs mines and energy minister Diego Mesa saying the country is committed to advancing its decarbonization goals; EP PetroEcuador awarding export deals to Shell Western Supply […]
NRGBriefs: ANH Eyes 17th Bid Round
(Energy Analytics Institute, 6.Oct.2021) â Energy briefs including Brazilâs ANP holding its 17th bid round; Ecuadorâs oil production holding steady; Panamaâs Generadora GatĂșn natural gas power plant expecting to start providing electricity in 2024; and more. LATIN AMERICA AND CARIBBEAN Brazil — Brazilâs ANP will hold its 17th Round of […]
LatAmBriefs: TGI Eyes Buenaventura LNG Import Project
(Energy Analytics Institute, 9.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: Argentina fining Edesur and Edenor; Transportadora de Gas Internacional (TGI) eyes developing Colombiaâs second liquefied natural gas (LNG) import project in Buenaventura; and more from Ecuador, Mexico and Venezuela. Argentina — Argentinaâs National Electricity Regulatory […]
LatAm Briefs: Raizen IPO, Bolivian Gas
(Energy Analytics Institute, 5.Aug.2021) â Energy briefs from the Latin America and Caribbean region including: Argentinaâs YPF Sociedad AnĂłnima repurchasing Class XII Notes, YPFB and Ambar EnergĂa Ltda. inking a gas deal and Shell Brazil Holding B.V. marking the start of trading in shares of RaĂzen S.A., the renewable energy […]
LatAm Briefs: Rio Negro Drilling, Ecuador Production
(Energy Analytics Institute, 5.Jul.2021) â Energy briefs from the Latin America and Caribbean region including: plans to reactivate 77 wells in Argentinaâs RĂo Negro region, EP PetroEcuador and Repsol Ecuador S.A. inking a deal for the use of a topping plant in Ecuador, Ecuadorâs production reached 491,497 b/d on 1 […]
Ecuador Races To Move Oil Pipelines
(Reuters, 1.Jul.2021) â Two dozen workers using six excavators cleared a strip of heavy forest in the foothills of Ecuador’s Reventador volcano on an overcast June morning, rushing to carve a new route for an oil pipeline in hopes of avoiding a repeat of the country’s worst oil spill in […]
Switzerland Investigates Gunvor Links To Ecuador
(Reuters, 30.Jun.2021) â Swiss prosecutors said on Wednesday they are investigating whether bribery, money laundering or other crimes linked to Ecuador oil trading were committed in Switzerland following a U.S. criminal case against an ex-Gunvor Group employee. U.S. prosecutors are investigating “the suspected bribery of Ecuadorian public officials and money […]
LatAm Briefs: Chile’s Green Plans, Venezuelan Oil Output
(Energy Analytics Institute, 29.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: Chile and Germany inking a green hydrogen deal, EP PetroEcuador reaching an agreement with the community of El EdĂ©n to lift a 45-day blockage, Venezuelaâs oil production averaging around 570,000 barrels per day, and more. […]
Ecuador Begins Crude Exports In Larger Vessels
(Reuters, 28.Jun.2021) â Ecuador for the first time on Monday exported a cargo of one of its flagship crudes, Oriente, aboard a very large crude carrier (VLCC), following an upgrade to a terminal that the South American country hopes will help it boost exports to Asia. The shipment of 1.08 […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the USâ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]
EP PetroEcuador To Tender For Oriente, Napo Crude Oils
(Energy Analytics Institute, 2.Jun.2021) â EP PetroEcuador will hold two new spot sales on 3 June 2021, including one for the export of 2,160,000 barrels of Oriente crude oil and another for the export of 1,080,000 barrels of Napo crude oil. The state oil entity is giving the winning companies […]
Ecuador Indigenous Protestors Block Access To Petroecuador Oil Field
(Reuters, 15.May.2021) â An indigenous community in Ecuador’s Amazon region is blocking access to one of state oil company Petroecuador‘s main fields in a protest over compensation, prompting the company to request help from the armed forces to deliver supplies. In a statement on Saturday, Petroecuador said the protest has […]
Trafigura Wins Bid To Export Fuel Oil No. 6
(Energy Analytics Institute, 17.Apr.2021) â EP Petroecuador awarded Singaporeâs Trafigura PTE. LTD. an export deal for 1,900,000 barrels of Fuel Oil No. 6. The volume offered will be exported in 10 shipments of 190,000 +/- 10% each, which will be delivered between May and July 2021, EP PetroEcuador announced 17 […]
EP PetroEcuador Opens Doors To Corruption Investigation
(Energy Analytics Institute, 15.Apr.2021) â EP PetroEcuador offered Ecuadorâs attorney general’s office access to all the necessary facilities it sees fit to collect any type of information requested as part of the investigation processes of the justice institution related to acts of corruption related to the state entity. Alleged cases […]
LatAm Briefs: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) â Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuadorâs run-off election and Andean oil producer Ecuador pumping around 495,438 barrels per day of oil. Lasso Wins Run-off Election In Ecuador Guillermo Lasso Mendoza won the presidential run-off election on […]
Ecuador Bonds Rally As Millionaire Banker Wins Ecuadorian Presidency
(Bloomberg, 11.Apr.2021) â Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up U.S. ties. Lasso beat out economist Andres Arauz, a left-wing protege of former President Rafael Correa, by a clear margin […]
Tipco Wins Bid To Export Napo Crude
(Energy Analytics Institute, 11.Apr.2021) â EP PetroEcuador awarded the Thai company Tipco Asphalt Public Company Limited a deal for the export of 720,000 barrels of Napo crude. The barrels will be offered in 2 shipments of 360,000 barrels +/- 5% each, which will be delivered in April 2021, PetroEcuador announced […]
Trafigura Wins Bid For Oriente Crude
(Energy Analytics Institute, 10.Apr.2021) â EP PetroEcuador awarded an export deal for 1,080,000 barrels of Oriente crude to Singapore company Trafigura PTE. LTD. The volume offered will be exported in 3 shipments of 360,000 barrels +/- 5% each, which will be delivered in April 2021, PetroEcuador announced 11 April 2021 […]
EP PetroEcuador Continues With Preventive Pipeline Work
(Energy Analytics Institute, 8.Apr.2021) â One year after the rupture of the Trans-Ecuadorian Pipeline System (SOTE), the Shushufindi-Quito Products Pipeline, operated by EP PetroEcuador, and the Heavy Crude Oil Pipeline (OCP), operated by OCP Ecuador SA, state entity EP PetroEcuador continues with work to prevent and mitigate damages caused by […]
EP PetroEcuador Dispatches 517 Million Gallons Of Fuel
(Energy Analytics Institute, 5.Apr.2021) â During the first quarter of 2021, EP PetroEcuador dispatched 516.72 million gallons of fuel including Super, Extra, EcopaĂs, Artisanal Fishing and Diesel to Ecuador’s automotive and fishing sectors, the state entity announced 5 April 2021 in an official statement. ____________________ By Piero Stewart. © Energy […]
LatAm Briefs: Kircher On IMF, OCP President Resignation
(Energy Analytics Institute, 24.Mar.2021) â Energy briefs from the Latin America and Caribbean region including: Argentinaâs Cristina Kircher insisting the International Monetary Fund (IMF) give Argentina lower debt rates, the president of Caracas-based CAF resigning, and the president of Ecuadorâs OCP resigning, among others. Kircher Insist IMF Give Argentina Lower […]
LatAm Briefs: PDVSA Pipeline Attack, EP PetroEcuador Replanting
(Energy Analytics Institute, 21.Mar.2021) â Energy briefs from the Latin America and Caribbean region including: Venezuela state oil giant denouncing an attack on a pipeline in Monagas state and EP PetroEcuador replanting 45 hectares in two Ecuadorian provinces. PDVSA Denounces Attack On Monagas Pipeline Venezuelaâs state-owned oil producer PetrĂłleos de […]
EP PetroEcuador Reveals Energy Efficiency Program
(Energy Analytics Institute, 10.Feb.2021) â Ecuadorâs state oil company EP PetroEcuador announced details of its Energy Efficiency Program, which uses associated gas for electricity generation to optimize resources and minimize impacts on the environmental. According to details about the program, PetroEcuador achieved the following savings between June 2009 and December […]
PetroEcuador Starts Work On Two SOTE Variants
(Energy Analytics Institute, 5.Feb.2021) â EP PetroEcuador has commenced preventive work to protect the integrity of the Trans-Ecuadorian Pipeline System (SOTE) with construction of two additional variants to the four already existing. The natural phenomenon of regressive and lateral erosion of the Quijos River (Alto Coca) and its tributaries is […]
EP PetroEcuador Completes Merger With PetroAmazonas
(Energy Analytics Institute, 4.Jan.2021) â The long awaited merger of Ecuadorâs two state oil and gas entities EP PetroEcuador and PetroAmazonas EP was approved by the South American countryâs President LenĂn Moreno. The restructuring of the two companies conclosed on 31 December 2020 and Moreno signed executive decree #1221 on […]
Trafigura Wins Bid To Import Premium Diesel
(Energy Analytics Institute, 8.Dec.2020) â Ecuadorâs state entity EP PetroEcuador awarded Trafigura Pte. Ltd. a deal to import 2,800,000 barrels of premium diesel. Trafigura won the deal with a differential of plus $0.37 per barrel. Approximately 46 qualified companies were invited to participate in the bid, of which six submitted […]
EP PetroEcuador Excludes Vitol From List Of Providers
(Energy Analytics Institute, 6.Dec.2020) â EP PetroEcuador will exclude Vitol Inc. from its list of suppliers due to the recent corruption case under investigation in the United States with respect to the bribes made to Ecuadorian officials. As a result, Vitol will no longer be invited to participate in international […]
Insurance Companies Offer Coverage To PetroEcuador
(Energy Analytics Institute, 5.Dec.2020) â Representatives of insurance companies Latina and Hispana resolved to join forces and present a single offer to safeguard the integrity and safety of the people, property, and operations of the EP PetroEcuador. The joint offer was for approximately $53,450,817.62 and the execution term of the […]
Novum Energy Wins Bid To Import Cutter Stock
(Energy Analytics Institute, 2.Dec.2020) â Ecuadorâs state entity EP PetroEcuador awarded Novum Energy Trading Corp. a deal to import 1,260,000 barrels of cutter stock. Novum won the deal with a differential of plus $6.86 per barrel. Approximately 35 qualified companies were invited to participate in the bid process, PetroEcuador announced […]
PetroEcuadorâs Merino Is The New ARPEL Chairman
(Energy Analytics Institute, 26.Nov.2020) â EP PetroEcuador General Manager Ricardo Merino was appointed Chairman of the Board of the Association of Oil, Gas and Biofuel Companies in Latin America and the Caribbean (ARPEL by its Spanish acronym). ARPEL is made up of 24 operating companies and providers of public and […]
The Esmeraldas Refinery To Produce High Quality Diesel
(Energy Analytics Institute, 24.Nov.2020) â Maintenance work at the non-catalytic units #2 and #3 of the Las Esmeraldas Refinery included repair work on the static, rotating, and electrical equipment as well as instruments in the following units: heavy naphtha hydrotreater, catalytic reformer, regeneration loop and diesel hydrodesulfurizer (HDS). Work at […]
Esmeraldas Refinery To Undergo Maintenance Work
(Energy Analytics Institute, 24.Nov.2020) â EP PetroEcuador general manager Ricardo Merino supervised scheduled maintenance work at the non-catalytic units 2 and 3 of the Esmeraldas Refinery. Work on the units will take around 47 days, PetroEcuador announced 24 November 2020 in an official statement. Work on the units will include […]
Work Starts On Vuelta Larga, Tabiazo, Crnel Highways
(Energy Analytics Institute, 19.Nov.2020) â EP PetroEcuador general manager Ricardo Merino and Esmeraldas prefect Roberta Zambrano participated in the start of road rehabilitation work along the Vuelta Larga, Tabiazo and Crnel highways. Work will include maintenance and rehabilitation of 27.5 kilometers of the E15 road and require an investment of […]
EP PetroEcuador Awards $54.8mn Insurance Policy
(Energy Analytics Institute, 12.Nov.2020) â Ecuadorâs state oil and gas company EP PetroEcuador awarded an $54.8mn insurance to Hispana de Seguros to cover all oil risks as well as maritime civil and non-maritime civil liabilities. The decision âcomplies with all public procurement regulations,â online media El Comercio reported on 12 […]
CEOs At PetroEcuador And PetroAmazonas Resign
(Energy Analytics Institute, 3.Nov.2020) â The CEOs of Ecuador state oil entities EP PetroEcuador, Ricardo Merino, and PetroAmazonas EP, Juan Carlos Bermeo, resigned within a 24-hour period over the weekend, reported online newspaper El Universo. Issues weighing in on both departures include fees related to Ecuadorâs Oleoducto de Crudos Pesados […]