PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 10.Apr.2025) — EP Petroecuador awarded Shell Western Supply and Trading Limited an export contract for 720,000 barrels of Napo crude oil, with a differential of ($7.47) per barrel. The tender will bring in revenues of $42mn, EP Petroecuador announced on 10 Apr. […]
Tag: Phillips 66 Company
Phillips 66 Nears Non-Core $3bn Asset Divestment Target
(Energy Analytics Institute, 4.Nov.2024) — Phillips 66 is very close to achieving its $3bn non-core asset divestment target, the company said in its most recent investor update. Phillips 66 has achieved $2.7bn of the target, the company announced in its Nov. 2024 investor update presentation on its website. The deal […]
Phillips 66 Reports 1Q24 Results, Highlights Strategic Priorities
(Phillips 66, 26.Apr.2024) — Phillips 66 (NYSE: PSX) announced first-quarter earnings of $748mn, compared with earnings of $1.3bn in the fourth quarter. Excluding special items of $74mn, the company had adjusted earnings of $822mn in the first quarter, compared with fourth-quarter adjusted earnings of $1.4bn. “In the first quarter, we […]
Phillips 66 Increases Quarterly Dividend
(Phillips 66, 3.Apr.2024) — The board of directors of Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on 3 Jun. 2024, to shareholders of record as of the close of business on 20 […]
Phillips 66 Achieves Major Milestone in Production of Renewable Diesel
(Phillips 66, 1.Apr.2024) — Phillips 66 (NYSE: PSX) announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel. The Rodeo Renewed project has progressed, with the facility now processing only renewable feedstocks and producing approximately […]
Tipco Wins Bid To Export Napo Crude
(Energy Analytics Institute, 11.Apr.2021) — 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) — 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 Closes 4th Spot Sale For Napo Oil
(Energy Analytics Institute, 26.Aug.2020) — EP PetroEcuador held the last spot tender of the year, and in so doing awarded the export of 5,400,000 +/- 5% barrels of Napo crude oil of 17-degree API to Unipec AmĂ©rica Inc., which presented the best offer with a spread of (-$4.68 per barrel). […]
Trafigura Wins Tender For 6.5 MMbbls Of Oriente Oil
(Energy Analytics Institute, 14.Aug.2020) — Ecuador’s state oil company EP PetroEcuador awarded the third spot market sale of 2020 for a volume of 6,480,000 barrels of Oriente crude oil of approximately 24-degree API, to Trafigura PTE LTD. Trafigura won the bid with a per barrel differential of -$3.33, EP PetroEcuador […]
EP PetroEcuador Awards Spot Sale To Phillips 66 Co.
(Energy Analytics Institute, 30.Jun.2020) — EP PetroEcuador awarded the second spot market sale of 2020 to US refining company Phillips 66 Company. The sale is for 3,600,000 barrels of Oriente crude oil of approximately 24-degrees API. Phillips 66 offered the best differential with a value of -$1.77 per barrel, EP […]
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) […]
PetroEcuador Completes Second Spot Sale Of 2019 With A $3.09/bbl WTI Spread
(Energy Analytics Institute, Piero Stewart, 6.Jun.2019) — EP PetroEcuador awarded for export 3,960,000 barrels of Oriente crude oil of 24-degree API plus/minus 5% to Tesoro Refining and Marketing Company LLC, the state company said in an official statement on 5 June. The award was at a positive differential of $3.09 […]