BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 11.Feb.2025) — SMC Global announced further expansion into Latin America with establishment of SMC Argentina. This follows [more…]
Tag: Petroecuador
Petroecuador Hopes to Boost Output to 425,000 boe/d by End of Year
(Reuters, 19.Jan.2022) — 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 [more…]
Ecuador Oil Sector to See Busy Year
(S&P Global Platts, 3.Jan.2022) — Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 [more…]
Ecuador Judge Orders Pre-trial Detention Of Officials In Oil Graft Case
(Reuters, 14.Apr.2021) — An Ecuadorean judge ordered that the country’s current comptroller and former energy minister be placed under pre-trial detention on charges of organized [more…]

Ecuador, PTT Renegoitiate New Oil-For-Loan Deal
(Reuters, 11.Mar.2021) — Ecuador has reached a preliminary agreement with a unit of Thailand’s state-run PTT PCL to extend to 2024 the payment period of [more…]
Ecuador Awaits Refinery Bids In December
(Argus, 23.Sep.2020) — Ecuador will receive bids to operate its 110,000 b/d Esmeraldas refinery on 22 December, a process that marks the end of state-owned [more…]
Ecuador Crude Pipelines Brace For Further Erosion
(Argus, 8.Jun.2020) — State-owned PetroEcuador restarted the 360,000 b/d Sote crude pipeline today after completing a second bypass. Heavy rains ruptured the line in early [more…]
PetroEcuador Delays May-June Fuel Imports
(Argus, 5.May.2020) — State-owned PetroEcuador has delayed all fuel imports that were supposed to arrive in May and June because of a sharp decline in [more…]
Ecuador Oil Flow Falls, Pipeline Repairs Advance
(Argus, 15.Apr.2020) — Ecuador’s oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned [more…]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances [more…]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices [more…]
Ecuador Resumes Exports After Protests
(Reuters, 20.Oct.2019) — Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced [more…]
Ecuador Halts SOTE Over Protests, Eyes Force Majeure
(Reuters, 9.Oct.2019) — Petroecuador halted operations of its Trans-Ecuadorean Pipeline System (SOTE) on Wednesday after anti-austerity protests choked off production from some oil fields it [more…]
CONAIE And CONFENIAE Comment On Indigenous Mobilization
(CONAIE, 8.Oct.2019) — Indigenous peoples across Ecuador have mobilized against the central government’s neoliberal policies and extractive practices, as have workers unions, student unions and [more…]
Ecuador’s Moreno Decries ‘Coup Attempt’ Amid Protests
(Reuters, Alexandra Valencia and Daniel Tapia, 7.Oct.2019) — Thousands of indigenous protesters marched into capital Quito on Monday in a fifth day of action against [more…]
Ecuador Frees Up Fuel Prices, Unrest Erupts
(Argus, 3.Oct.2019) — Unrest has broken out in Ecuador ahead of the lifting of motor fuel subsidies tomorrow. The government declared a state of emergency [more…]
Ecuador President Mandates Merger of Petroamazonas And Petroecuador
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Ecuador’s President Lenin Moreno mandated on 24 April 2019 initiation of a process to merge oil companies Petroamazonas [more…]
Esmeraldas Refinery Stoppage Delayed Until March 2019
(Energy Analytics Institute, Ian Silverman, 22.Aug.2018) – A scheduled 54-day stoppage at the Esmeraldas Refinery for the maintenance of the Non-Catalytic 1 and Catalytic 1 [more…]
OPEC MOMR Shows Further Oil Declines in Venezuela
(Energy Analytics Institute, Piero Stewart, 14.Aug.2018) – Venezuela’s crude oil production declines seem unstoppable. Venezuela’s crude oil production fell to 1.278 million barrels per day [more…]
Ecuador Court Upholds $9bn Chevron Ruling
(AP, 13.Jul.2018) – Ecuador’s highest court has upheld a US$9.5 billion judgment against oil giant Chevron for decades of rainforest damage. Plaintiffs celebrated the constitutional [more…]
Indigenous Groups Await Chevron Payments
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Indigenous groups in Ecuador that were affected by activities of San Roman, California-based Chevron in the country continue [more…]
EP PetroEcuador, Politécnica Nacional Sign Deal
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – EP PetroEcuador and the Escuela Politécnica Nacional (EPN by its Spanish acronym) signed an Inter-institutional Technical Cooperation Agreement [more…]
Venezuela Oil Output Slides to 1.4 MMb/d in May 2018
(Energy Analytics Institute, Piero Stewart, 14.Jun.2018) – Venezuela’s oil production continues its downward slope. Venezuela’s crude oil production fell to 1.392 million barrels per day [more…]
Ecuador Producing 522 Mb/d of Crude Oil in late May 2018
(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- South America’s Ecuador is producing 522,372 barrels per day. Total crude oil production from the small OPEC member [more…]
PetroEcuador Reports Increase In Shareholder Equity
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – EP PetroEcuador announced its Shareholder’s Equity rose to $5.659 billion in 2015 compared to $3.914 billion in [more…]
Ecuador’s SOTE Celebrates 44 Years of Operation
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – The TranEcuadorian Oil Pipeline (SOTE by its Spanish acronym) was inaugurated on June 26, 1972 with a [more…]
EP PetroEcuador Lays Out Goals for 2016
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – EP PetroEcuador revealed some of its goals for 2016, reported the state company in an official statement. [more…]
PetroEcuador Reports 79% Decline In EBITDA
(Energy Analytics Institute, 25.May.2016, Clifford Fingers III) – EP PetroEcuador reported operational revenues of $9.284 billion in 2015, down $6.458 billion or 41 percent compared [more…]
La Libertad Refinery Starts Preventative Maintenance
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) – The La Libertad Refinery started preventative maintenance on May 15, 2016, reported EP PetroEcuador in an official [more…]
Ecuador Considers Venezuela as Partner in Refinery
(Energy Analytics Institute, 30.Mar.2016, Clifford Fingers III) – While Ecuador continues to seek financing from foreign investors looking to invest in the estimated $13 billion [more…]
PetroEcuador Esmeraldas Refinery Restarts FCC Unit
(PetroEcuador, 18.Sep.2015) – PetroEcuador says activities initiated on September 11, 2015 to restart the fluid catalytic cracker unit at the Esmeraldas refinery, according to a [more…]
$1.2 Bln Esmeraldas Rehab Work Near Complete
(PetroEcuador, 18.Sep.2015) – PetroEcuador says that overhaul work is being performed on processing units at the 110,000 barrel per day (b/d) capacity Esmeraldas refinery that [more…]
Journalist Round Table with Rafael Ramirez
(Energy Analytics Institute, Piero Stewart, 31.Jul.2013) – PDVSA President Rafael Ramirez held a small round table with journalist in Caracas, Venezuela. What follows are excerpts [more…]
Ecuador Open Market Meetings in Houston
(Energy Analytics Institute, Ian Silverman, 25.Jun.2013) – PetroEcuador holds open market committee meetings in Houston, Texas. Highlights from the discussion follow: Comments from PetroEcuador International [more…]