(New York Times, 14.Oct.2021) — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as they switch to renewable energy or cut costs after being bruised by the pandemic. But that doesn’t mean the world […]
Tag: Rene Ortiz
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 […]
Ecuador Eyes National Energy Plan 2050
(Energy Analytics Institute, 19.Mar.2021) — Ecuador’s hydrocarbon sector head René Ortiz announced the country would start the development process for a mid-century Ecuadorian National Energy Plan (PEN by its Spanish acronym). “This tool will guide long-term actions on issues of energy efficiency, generation, expansion, transmission, distribution and commercialization of electricity; […]
Petroamazonas EP Gets New Manager Franklin Paredes
(Energy Analytics Institute, 8.Nov.2020) — The Board of Directors of PetroAmazonas EP, led by the Ecuador’s Minister of Energy and Non-Renewable Natural Resources René Ortiz and the Chairman of the Board of the Public Companies Coordinating Company (EMCO EP) José Andrés López, appointed Franklin Paredes Galeas as deputy general manager […]
Q&A: Ecuador Moving From Crisis To Opportunity
(Argus, 8.Oct.2020) — Since leaving Opec in January, Ecuador has been hit by oil market shocks, the Covid-19 pandemic, oil pipeline ruptures, and a staggering legacy of corruption in the state-owned oil industry. Quito is now looking to the private sector to transform the fuels market, and to Beijing for […]
Ecuador To Ink China Oil-backed Loan In Nov.: Ortiz
(Argus, 7.Oct.2020) — Ecuador hopes to sign a new $1.4bn oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading companies, Ecuadorean oil minister René Ortiz told Argus. The fresh Chinese loan would complement Ecuador’s recent $17bn bond debt structuring […]
Ecuador Names New Deputy Mines Minister
(Energy Analytics Institute, 6.Oct.2020) — Ecuador’s Minister of Energy and Non-Renewable Natural Resources René Ortiz commissioned César Vásquez as the country’s Deputy Minister of Mines. Vásquez is a mining engineer from the Central University of Ecuador and has more than 12 years of experience in the country’s mining and electricity […]
Officials From Ecuador And US Discuss Investments Ops
(Energy Analytics Institute, 31.Jul.2020) — Ecuador’s hydrocarbon ministry head René Ortiz and other authorities from Ecuador’s energy sector held a working meeting 28 July 2020 with the US assistant secretary of state for energy resources, Francis R. Fannon and ambassador Michael Fitzpatrick, during which they analyzed investment prospects and mechanisms […]
Ecuador seeks private investor to operate Esmeraldas refinery
(Piero Stewart, Energy Analytics Institute, 10.Jul.2020) — Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) together with state controlled EP PetroEcuador plan to define the contractual mechanism for a private investor to contribute, at their own risk and expense, to the improvement of the supply and quality of fuels […]
MERNNR Extends Offers For El Aromo And Villonaco
(Energy Analytics Institute, 10.Jul.2020) — René Ortiz, the head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR) extended terms for the delivery of technical and economic offers — within the public selection processes for the concession for the El Aromo photovoltaic projects (200 megawatts) located in the province […]
MERNNR Works On Slowing Coca River Water Flow
(Energy Analytics Institute, 8.Jul.2020) — René Ortiz, head of Ecuador’s Ministry of Energy and Non-Renewable Natural Resources (MERNNR), CELEC EP General Manager Gonzalo Uquillas Vallejo, and Ecuador’s Hydrocarbon Vice Minister María Elisa Soledispa announced construction and incorporation of emerging ramps to decrease the water flow speed of the Coca River […]
Mexico Agrees To Reduce Oil Production By 100,000 B/D
(Energy Analytics Institute, Piero Stewart, 13.Apr.2020) — Mexico plans to reduce its oil production by 100,000 barrels per day, according to discussions with members of the Organization of Petroleum Exporting Countries (OPEC) and OPEC+. Representatives from OPEC and OPEC+ lobbied for Mexico to cut production by 400,000 b/d, but the […]