(Energy Analytics Institute, 15.Aug.2020) â EP PetroEcuador, through the Suez-Ecuambiente consortium, obtained cross-border permits from Panama and France, as well as authorization from the Ministry of the Environment and Water (MAAE by its Spanish acronym) for the export of more than 3,000 tons of industrial waste comprised mainly of caustic […]
Tag: Europe
PdV Keeps Nynas Board Seat After Restructuring
(Argus, 13.May.2020) â Venezuela’s state-owned PdV has retained one seat on the new corporate board of European specialty refiner Nynas after a restructuring that freed the venture from US sanctions. The new board composition illustrates PdV’s small but enduring role in the European downstream business that it acquired in the […]
Petrobras Reaches Oil Export Record In April
(Petrobras, 4.May.2020) â 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 previous record was 771 thousand barrels per day, set in December 2019. The result occurs in a challenging period of […]
Repsol Winds Down Operations In Venezuela
(VOA, Martin Arostegui, 21.May.2019) â Spain’s Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts from U.S. sanctions and continuing unrest. Repsol’s investments in Venezuela, valued at nearly $1.7 billion (1,480 billion euros) in 2017, have fallen 70% over the […]
Shell Invests In Nature In Move To Tackle CO2 Emissions
(Shell, 8.Apr.2019) â Carbon-neutral driving launch in the Netherlands complements investments in new electric vehicle charge points. Reforestation partnerships announced in the Netherlands and Spain Shell today announces a programme to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide […]
Germanyâs Wintershall Says Focusing On Brazil Offshore Oil Among Other Regions
(Reuters, 21.Mar.2019) â BASFâs oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018. âIt is part of our growth course that we are also active in new regions, and Brazil […]
OPDEnergy To Build Solar Photovoltaic Plants In Spain, Chile And Mexico
(OPDEnergy, 30.Nov.2018) â The multinational corporation OPDEnergy – specializing in the production of energy assets and in the management of all related phases (development, financing, construction, operation and maintenance) – will build 500 MW distributed in various photovoltaic solar projects located in Spain, Chile and Mexico next year. The investment […]
YPF Awards EXMAR Contract For Export Of First LNG From Argentina
(Exmar, 21.Nov.2018) â Belgiumâs EXMAR NV and Argentina’s YPF signed a firm, ten-year agreement to deploy EXMARâs barge-based floating LNG liquefaction unit (FLNG), currently known as Caribbean FLNG, to produce and export LNG from the Vaca Muerta formation located in the NeuquĂ©n Basin in Argentina. The barge-based floating liquefaction unit […]
Franceâs Total Sets Up Production Hub In Jamaica
(Jamaica Observer, Karena Bennett, 18.Nov.2018) â Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the island from which it is looking to export lubricants across the Caribbean. According to the recently appointed Managing Director of Total Jamaica, Christopher Okonmah, Jamaica […]
Petrofac Completes Sale Of 49% Interest In Mexican Operations
(Petrofac Limited, 19.Oct.2018) â Petrofac Limited announces that it has completed the sale of 49% of the companyâs operations in Mexico to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico (COFECE). Related Stories https://energy-analytics-institute.org/petrofac-introduces-partner-in-mexico/ *** #LatAmNRG
Petrobras LSFO Offer Sparks Fears Of Length In Europe
(S&P Global Platts, 18.Oct.2018) â Brazil’s Petrobras is offering 50,000 mt of 0.6% cracked low sulfur fuel oil from Brazil for delivery into Europe during the first decade of November, fuel oil traders said Thursday. The cargo from Petrobras, Brazil’s biggest refiner, is not good news for European LSFO after […]
Shell Seeks To Sell Venezuela JV Stake
(Reuters, 12.Oct.2018) â Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas. The Anglo-Dutch […]
Methane Fears Cloud Argentinaâs Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) â Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
Former PDVSA Director Detained in Argentina
(Energy Analytics Institute, Ian Silverman, 17.Aug.2018) â A former PDVSA director has been detained and accused of money laundering. Luis Abraham Bastidas RamĂrez, the cousin of former PDVSA President Rafael RamĂrez, was detained in Argentina, wrote reporter Dean Rojas in a tweet on his personal twitter account. RamĂrez’s capture was […]
Ecopetrol Names New Corporate VP of Finance
(Ecopetrol, 8.Aug.2018) â Ecopetrol S.A. announced appointment of Jaime Caballero Uribe as the new Corporate Vice President of Finance (Chief Financial Officer). The appointment is effective as of August 7, 2018. Mr. Caballero has more than 20 years of experience with companies in the oil and gas sector, both in […]
Venezuela’s Inflation to Reach 1 Million Percent
(Bloomberg, Andrew Rosati, 23.Jul.2018) â Venezuelaâs inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday. The crisis is comparable to that of Germany in 1923 or […]
Trinidad, Guyana and Suriname: Challenges
(AIPN, 27.Jun.2018) â Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select group will consist of Kevin Ramnarine, former Trinidad & Tobago Energy Minister (2014-15); Energy Strategic Advisor and Lecturer Carlos Bellorin, […]
Bolivia, Denmark Invest $193.9 Mln in Santa Cruz Projects
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) â Bolivia and Denmark plan to invest $193.9 million on wind complexes in Warnes, San JuliĂĄn and El Dorado in Boliviaâs Santa Cruz department. Bolivia and Denmark will front $66.8 million and $24 million, respectively, of the total investment. The difference or $103.1 million […]
Ecopetrol Successfully Prices Int’l Bond for $500 Mln
(Ecopetrol S.A. 10.Jun.2016) â Ecopetrol S.A. reports that, on June 8, 2016, based on the authorization granted by the Ministry of Finance and Public Credit (Resolution 1657 of June 7, 2016) to subscribe, issue and place External Public Debt Bonds in the international capital markets, it reopened its 2023 Bond […]
Petrobras Issues $6.75 Billion in Global Notes
(Petrobras, 17.May.2016) â Petrobras issued $6.75 billion of 5 and 10 year Global Notes through its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The transaction was priced on May 17, 2016 and the terms of the notes issued are as follows: The order book was 2.75x and 3.0x oversubscribed in […]
EAI brief: Venezuela’s AsdrĂșbal Chavez comments on oil diversification
HOUSTON, TEXAS (By Energy Analytics Institute, Ian Silverman, 29.Mar.2015, Words: 50) â âPDVSA has completely diversified its oil markets, conquering spaces in Asia, India, Europe and South America, among others, and with a great presence and possibilities to grow,â reported the daily newspaper El Universal, citing Venezuela’s Oil Minister AsdrĂșbal […]