CEOs At PetroEcuador And PetroAmazonas Resign

(Energy Analytics Institute, 3.Nov.2020) — The CEOs of Ecuador state oil entities EP PetroEcuador, Ricardo Merino, and PetroAmazonas EP, Juan Carlos Bermeo, resigned within a 24-hour period over the weekend, reported online newspaper El Universo. Issues weighing in on both departures include fees related to Ecuador’s Oleoducto de Crudos Pesados […]

Ecuador Sues Odebrecht For $281mn Breach Of Contract

(Energy Analytics Institute, 7.Oct.2020) — Ecuador is suing CNO SA, formerly known as Construtura Norberto Odebrecht SA, for $281mn for breach of the construction contract for the pipeline Pascuales Cuenca Poliducto (PPC). The Guayas Provincial Court of Justice, EP PetroEcuador, through its General Manager Ricardo Merino, and the State Attorney […]