PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 18.Mar.2025, Words: 326) — EP Petroecuador announced that through Resolution No. PETRO-PGG-2025-0014-RSL that force majeure has officially been declared for its operations. This, after a recent landslide impacted the Trans-Ecuadorian Pipeline System (SOTE) and caused a substantial crude oil spill. The emergency […]
Tag: OCP Ecuador
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartĂn Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
NRGBriefs: Ecuador Eyes Restarting OCP
(Energy Analytics Institute, 29.Dec.2021) — Energy briefs including Ecuador expecting to restart ops at OCP on 31 Dec. 2021; and Y&V IngenierĂa y ConstrucciĂłn saying it hasn’t diminished its operational capacity. LATIN AMERICA AND THE CARIBBEAN Ecuador — Operations at the 450,000 b/d capacity Heavy Crude Pipeline (OCP) are expected […]
Ecuador Declares Force Majeure On All Oil Contracts
(Bloomberg, 13.Dec.2021) — Ecuador declared force majeure on all oil contracts, including exports and imports, as the threat of soil erosion forced the shutdown of the country’s two pipelines that transport crude across the Andes. The clause, which is invoked to remove liability from failing to honor contracts in the […]
Ecuador Begins Crude Exports In Larger Vessels
(Reuters, 28.Jun.2021) — 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: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuador’s 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 […]
EP PetroEcuador Continues With Preventive Pipeline Work
(Energy Analytics Institute, 8.Apr.2021) — 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 […]
LatAm Briefs: Kircher On IMF, OCP President Resignation
(Energy Analytics Institute, 24.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Cristina Kircher insisting the International Monetary Fund (IMF) give Argentina lower debt rates, the president of Caracas-based CAF resigning, and the president of Ecuador’s OCP resigning, among others. Kircher Insist IMF Give Argentina Lower […]
EP PetroEcuador Inks Transport Deal With OCP Ecuador
(Energy Analytics Institute, Piero Stewart, 10.Nov. 2018) — EP Petroecuador signed a contract with OCP Ecuador S.A. on November 9, 2018 to renew the transportation of crude oil from Lago Agrio to Esmeraldas. The deal guarantees that production from EP Petroamazonas has preferential rights to use the open access capacity […]