wsj.com reported that Ecuador’s crude-oil export revenues totaled $1.06 billion in January, down 10% from December, the central bank said Wednesday. In terms of volume, Ecuador exported 11.57 million barrels of crude oil in January, a 12% decrease from the previous month. The main export for Ecuador is oil. Read Article
csmonitor.com reported that….Standing before the United Nations General Assembly in 2007, Ecuadorean President Rafael Correa offered the international community a way to make a significant impact on climate change: Donate $3.6 billion to the economy of Ecuador by 2019, and the country would refrain from drilling for oil in its Yasuní National Park, one of […]
qz.com reported that If all goes well, drillers responsible for a shale-oil bonanza in Texas will soon cross the southern US border and extend the hydraulic fracturing boom to Mexico. But first the Mexican government, foreign oil companies or some combination of the two will have to neutralize some of the most savage gangsters in […]
Theguardian.com …… China Development Bank Credit Proposal for oil drilling in Ecuador The document from the Ministry of Economic Policy Co-ordination that shows Ecuador was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park while pursuing a high-profile scheme to keep the oil under the ground […]
amazonwatch.org reported that the Ecuadorian government was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park in the Amazon while pursuing a high-profile scheme to keep the oil under the ground in return for international donations, according to a government document seen by the Guardian. The […]
theguardian.com reported that…Ecuador pursued China oil deal while pledging to protect Yasuni, papers show Negotiations took place while the country sought funds to forgo oil exploitation in pristine forest under the Yasuni-ITT scheme. The Ecuadorian government was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park […]
bunkerportsnews.com reported that according to official projections, Ecuador could produce about 741,000 barrels of crude oil per day by 2019. Reaching this goal will require investments of about $5.5 billion per year over the next five years. Ecuador’s average oil output rose 4% to 526,000 barrels a day last year, from 504,000 barrels a day […]
washingtonpost.com reported that an unprecedented drilling push by Ecuador’s government has brought new tensions to Yawepare and the country’s Amazon lowlands. As the chain saws and bulldozers cut deeper into the forest, critics say the government is triggering brutal warfare between the Waorani and a smaller, breakaway tribe living in “voluntary isolation” beyond the oil […]
hispantv.ir reported that the price of oil for automotive use liquefied gas increased its prices in a meaningful way in Peru. Peruvian taxi drivers, the main affected, have left feeling his discomfort. The LPG for automotive use suffered a further increase. Increased 31 cents from Sun, i.e. about 12 cents. Establishments of retail of petroleum […]
pfcenergy.com reported that Ecuador produced 505,000 bbl/d in 2012, almost all of which was crude oil. Ecuador’s oil production increased year-over-year from 2011, but remains below a 2006 peak of 536,000 bbl/d. The steady increase in state oil production and the decline in private sector production suggest that some of the increases in state oil […]
bbc.co.uk reported that an Ecuadorean indigenous group can seek enforcement of a $9.5bn (£5.8bn) judgement against US petrol giant Chevron in the Canadian courts, an Ontario appeals court has ruled. Tuesday’s decision by the Ontario appeals court is the latest turn in the two-decade old case between Texaco, which has since been bought by Chevron, […]
Techdirt.com reported that there’s the strange case of Spanish “anti-piracy” firm Ares Rights, which didn’t actually seem that interested in “anti-piracy” but in out-and-out censorship via copyright fraud on behalf of various Latin American countries. Ares Rights (correctly) realized that copyright notice-and-takedown provisions were a de facto censorship tool, and has used that to the […]
reuters.com reported that Peru’s Congress passed a law on Thursday allowing the privatization of up to 49 percent of state-run energy firm Petroperu, part of a government plan to expand national refining capacity. The new law, fast-tracked by President Ollanta Humala as a key step toward his goal of boosting domestic energy production, opens the […]
bloomberg.com reported…. Criminal gangs are shipping the equivalent of 60 to 100 tankers of subsidized Venezuelan fuel per day into Colombia, much of it paid for with cocaine, according to the Colombian government. Between 10 percent and 15 percent of fuel used by Colombian drivers is smuggled from neighboring countries, Juan Ricardo Ortega, the head […]
miamiherald.com (AP) reported The late President Hugo Chavez’s dream of leveraging Venezuela’s oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis that is forcing his hand-picked successor to cut back on generous foreign aid. Signs of the country’s waning influence are becoming more apparent. In early November… […]
reuters.com reported that Ecuador mustered bids for just four of 16 oil blocks it offered in its Amazon jungle region which could potentially contain a total of 1.5 billion barrels of crude. A subsidiary of Spain’s Repsol YPF – Repsol Cuba – and China’s Andes Petroleum made offers for three blocks, the awarding of which […]
independent.ie reported that China’s aggressive quest for foreign oil has reached a new milestone — near monopoly control of crude exports from OPEC nation Ecuador. Last November, Marco Calvopina, the general manager of Ecuador’s state oil company PetroEcuador, was dispatched to China to help secure $2bn (€1.47bn) in financing for his government. Negotiations, which included […]
Amazon Watch FOR IMMEDIATE RELEASE | November 27, 2013 For more information, contact: Caroline Bennett, +1 510.629.9390, caroline@amazonwatch.org Leila Salazar-Lopez, +1 415.341.5509, leila@amazonwatch.org Joke Baert (Ecuador), +593 99.13.56877, jbaert@pachamama.org.ec Quito, Ecuador – Some 75 protesters gathered outside the Oil and Energy Conference at the Marriott Hotel in Quito yesterday where meetings took place in a […]
economictimes.indiatimes.com reported that Ecuador’s Socialist President Rafael Correa has often railed against allowing private trading firms to control the country’s oil shipments, a top source of export revenue. Soon after his election in 2006, Correa pledged to cut out middlemen. But on his watch, the opposite has happened. As the OPEC country committed to selling […]
reuters.com reported that Ecuador’s oil production should rise to 550,000 barrels per day (bpd) by the end of this year, the oil minister said on Tuesday, up from an average of 504,000 bpd last year. Investments by Petroamazonas, the operations division of state oil company Petroecuador, and by private companies were key to the projected […]
individual.com/ reported that Ecuador has asked an arbitration court in the Netherlands to dismiss a case brought against it by U.S. oil supermajor Chevron Corp., which is fighting attempts by plaintiffs in the South American nation to collect on a multi-billion-dollar pollution judgment. MOVING TO ECUADOR? READ THIS BOOK. Chevron, meanwhile, says it will continue […]
If you ever wondered where the world’s most biodiverse piece of land is, you might have guessed somewhere in the Amazon Rainforest. Well, there is a particular piece of the ever- dwindling-Amazon that takes the trophy for being the worlds richest place for animal and plant diversity: Yasuní National Park, inland Ecuador. However, in this […]
prokerala.com reported that Guyana has said that the Venezuelan Navy entered its territorial waters and detained a US-operated ship. The Venezuelan actions in the disputed Essequibo region constituted “a serious threat to peace in the region”, Guyana said, adding that the ship belongs to Texas-based company Anadarko, which has been granted a contract to look […]
On 2 September the Government of Ecuador formally notified the UN Development Programme (UNDP) that it had brought the Yasuní ITT initiative to an end. Subsequently, on 8 October the Trust Fund’s Steering Committee agreed that the Trust Fund would reimburse all contributions received. The Yasuní ITT Trust Fund Steering Committee is responsible for the […]
Russia plans to invest up to $1.5 billion into new domestic energy projects in Ecuador, making the South American country a key partner in the region, President Vladimir Putin said at a meeting with Ecuadorian President Rafael Correa in Moscow. The two countries have several ongoing energy projects, including state-owned Gazprom’s alliance with Ecuador’s state-run […]
The Economist.com reported …..Our article prompted an extraordinary response from Mr Correa. On October 5th he accused us of “barefaced lies” and of acting on behalf of Chevron, which he said “has financed campaigns in The Economist”. “None of this is coincidental, it’s the empire of capital,” he explained, adding: “The whole of humanity should […]
EFE.com reported that Mexican state oil monopoly Petroleos Mexicanos said Friday it signed an agreement with Singapore’s Keppel Offshore & Marine to jointly build and operate a shipyard in the northeastern Mexican town of Altamira.Some 4,000 jobs will be created and there will be an initial economic benefit of $150 million,” Pemex said in a […]
vidalatinasd.com reported Bolivian President Evo Morales said Friday that he and Ecuadorian counterpart Rafael Correa will promote the creation of a body to monitor the conduct of multinational oil and gas companies in Latin America. That was one of the agreements reached during a meeting of the leftist leaders Thursday in central Bolivia, Morales said […]
Lawmakers in Ecuador on Thursday authorized the extraction of oil from Yasuni National Park, a pristine Amazon reserve. After a 10-hour debate, a loyalist congress approved President Rafael Correa’s plan by a 108 to 25 margin, with four legislators absent. Correa in August announced that he was abandoning a unique plan to persuade rich countries […]
uk.reuters.com reported that Lukoil, Russia’s second-biggest oil producer, wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil’s head said on Wednesday. Venezuela is the world’s 11th largest crude exporter but foreign companies operating there have faced price controls and currency […]
During a visit to New York for the United Nations General Assembly, Ecuador’s foreign minister Ricardo Patino joined independent media outlet Democracy now! on September 23 to discuss his government’s involvement in two closely watched environmental legal battles. An Ecuadorean court has ordered US oil giant Chevron to pay US$19 billion to indigenous and rural […]
An Inside Look into the Intricate Culture of Ecuador indiancountrytodaymedianetwork.com reported by David Dudenhoefer Despite protests at home and abroad, Ecuador’s President Rafael Correa has moved quickly to consolidate support for his decision to drill oil wells in Yasuni National Park, in that country’s portion of the Amazon Basin. Correa announced on August 15 that […]
Theamazonreport.com reported that an international arbitration tribunal issued a partial award in favor of Chevron Corp. ( CVX ) and found the U.S. oil company isn’t liable for collective environmental damage claims in Ecuador. The case stems from a decades-old dispute over environmental contamination in Ecuador allegedly produced by Texaco Inc., a company Chevron bought […]
dailyindependentnig.com reported that President of the Republic of Ecuador, Rafael Correa, has been urged by Oilwatch International not to permit the extraction of crude oil from Yasuni-ITT in order to protect the region from environmental damage. In a recent correspondent to Correa, the environment watchdog group told the president to stand firm and continue to […]
lahora.com.ecOn the seventh floor of the National Assembly, which meets the Biodiversity Committee, there was intense movement last week. The schedule stated that the morning of Wednesday September 11, social organizations began to present their arguments for or against oil exploration in the blocks 31 and 43 of the Yasuní. The expectation was great as […]
lahora.com.ec reported…”More than 1000 people lost their jobs due to the closure of 62 stations across the country,” says Leonardo Alvarado, president of the Federation of Guayas Gas. This measure is the result of the decision of the Agency for Regulation and Control of Hydrocarbon close 62 gas stations, because after technical reviews, such stations […]
Venityfair.com…. in 1972, crude oil began to flow from Texaco’s wells in the area around Lago Agrio (“sour lake”), in the Ecuadorean Amazon. Born that same year, Pablo Fajardo is now the lead attorney in an epic lawsuit&—among the largest environmental suits in history—against Chevron, which acquired Texaco in 2001. Reporting on an emotional battle […]
Petroamazonas plans to start next month production at its Block 31, located at Yasuni National Park, the company’s general manager said. Oswaldo Madrid told journalists that production will start with an average of 2,000 bpd from the Apaika and Nenke fields. Peak production for those fields could be about 20,000 bbl. About 70% of the […]
Yasuni-Itt: Oilwatch Writes Ecuador President, Raises Ecological Issues A coalition of Oilwatch groups around the world have expressed shock by the August 15, announcement by President Rafael Correa of Ecuador that he will permit crude oil extraction in the Yasuni-ITT. In a letter dated September 6, to Correa that was wired to AkanimoReports on Sunday […]
operating four decades have not resulted in actual poverty reduction and job quality. In the country, the report of June this year the INEC, 23.69% of the population lives in poverty, 8.51% in extreme poverty and more than half of the economically active population (56.39%) is underemployment. Compared to June 2012, poverty fell by 1.65% […]
Quito, August 27 (Andes).-Andes.info.ec reported that two social and workers’ organizations announced today their support for the Executive branch in order for the legislature to authorize the development of the Yasuni fields; this comes after the initiative put forward to the world to receive a compensation of half the cost of its production was not […]
Seenews.com reported that Ecuador’s government has asked the parliament to declare of national interest the oil resources in the Ishpingo-Tambococha-Tiputini (ITT) area in the Yasuni national park, in the Amazon region. The state wants to develop oil blocks 31 and 43, the latter called ITT, where there is no information about the presence of isolated […]
IPSNEWS.NET reported that the Ecuadorean government’s decision to allow oil drilling in the Yasuní National Park, one of the most biodiverse areas of the planet, has caused alarm among environmentalists and indigenous people, who are calling for a referendum on the issue. President Rafael Correa ordered the shelving of the Yasuní-ITT Initiative, a plan to […]
MOVING TO ECUADOR? GET THIS BOOK IBTIMES.com reported Following Brazil, Argentina, Chile and other nations in Latin America, Ecuador has become the latest country in the region to face street protests, after President Rafael Correa made the unpopular decision to allow oil drilling in a pristine Amazon reserve. The decision sparked protests that began last […]
Rawstory.com reported that Ecuador’s firebrand leftist President Rafael Correa lambasted US oil giant Chevron as an enemy for allegedly besmirching his country as part of a lengthy court battle over Amazon pollution. Last year an Ecuadoran court ordered Chevron to pay $19 billion dollars for polluting the rain forest. The case is still alive and […]
Newyorker.com reported…..A crusading lawyer helped Ecuadorans secure a huge environmental judgment against Chevron. But did he go too far?Texaco managed oil extraction in the Oriente region of Ecuador for twenty-three years. When Chevron acquired the company, in 2001, it inherited a lawsuit over environmental damage. The jungle outpost of Lago Agrio is in northeastern Ecuador, […]
uk.reuters.com reported that Ecuador will open up part of the Amazon rainforest to oil drilling after rich nations failed to back a conservation plan that would have paid the country not to explore in the area, President Rafael Correa said on Thursday. Correa launched the initiative in 2007 to protect the Yasuni area of the […]
eLCOMERCIO.PE reported that at least $ 50,000 in illegal fuel daily across the border. PNP recognizes that should get 100 agents there is a change. At least fifteen gangs involved in the gas contraband business. At least seven border crossings involved. Aguas Verdes, Tumbes , 6:35 pm The traffic flow that is born in the […]
The state-owned Petroleos de Venezuela (PDVSA) initially reported incident confirmed tweeters. Nearby residents have been evacuated. A fire occurred on Sunday afternoon in Puerto La Cruz refinery of 187,000 barrels per day (bpd) capacity, said the vice president of Refining Venezuela state oil company (PDVSA). “We have the fire confined to the lagoon, we expect […]
miamiherald.com reported that the Yasuní-ITT Initiative was designed to leave more than 846 million barrels of crude oil untouched, in perpetuity, beneath Yasuní National Park — rioting with unknown species and tribes living in voluntary isolation. In exchange, the government asked the world to cover just half of the crude’s $7.2 billion market price. 100 […]
A project by state-run oil holding Petróleos de Venezuela (Pdvsa) and Petroecuador to build the “Eloy Alfaro” Pacific refinery in Ecuador postponed commissioning from 2015 to 2017, waiting for China National Petroleum Corporation (CNPC) to provide most of the necessary capital. Precisely, a meeting this week in Caracas between Ecuadorian President Rafael Correa and his […]
amazonwatch.org reported through a press release…….. Puyo, Ecuador – Amazonian indigenous leaders mobilized today in the regional capital of Puyo to oppose the Ecuadorian government’s attempts to close bids on eight million acres of its pristine southeastern Amazon. The region is Ecuador’s last remaining tract of virgin rainforest and is home to seven indigenous nationalities. […]
Ecuador pushes bid deadline for 11th oil licensing round. Ecuador has extended for the second time the deadline to submit offers for companies interested in the country’s 11th oil licensing round to explore for oil in…Read Article NEW BOOK ON MOVING OR RETIRING TO ECUADOR
Eluniverso.com reported that local authorities in the Amazon region of Peru reported that since yesterday morning and oil stains are observed in rivers of the country, from the oil spill by the break, after a mudslide, Trans-Ecuadorian Pipeline System (SOTE), the Last Saturday, in the province of Sucumbios. The stain was a Napo River area […]
Ecuador’s first quarter crude oil export revenue fell 4% from a year earlier to $3.38 billion due to lower oil prices, the central bank said. The average price of crude in the three months fell 5% to $99.16 a barrel. By volume, Ecuador exported 34.14 million barrels in the first three months of 2013, up […]
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em.com.br reported on May 17, 2013, a bilateral meeting between Mexican Foreign Minister, Jose Antonio Meade and Brazilian Foreign Minister, Antonio Patriota. The meeting’s agenda is an attempt to promote the unity of state oil companies, Petrobras and Pemex. The two ministers agree that Brazil and Mexico share a high interest in expanding trade relations […]
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An Ontario Superior Court judge has sided with Chevron Corp. and tossed out an attempt by lawyers for Amazonian villagers trying to use Canadian courts to collect on a controversial $19-billion (U.S.) judgment levelled against the company in Ecuador over oil pollution. The nearly 20-year battle between the Ecuadoreans and Chevron has seen its share […]
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Eluniversal.com Declining oil sales to the United States, which are paid in cash, are undermining Venezuelan oil revenue. Despite the ongoing political diatribe between the Venezuelan and the United States governments, the latter country has remained the first buyer of Venezuelan oil. However, US government statistics suggest that this year trade partners such as China […]
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CSR Press Release Reported that the 20-year fight by residents of Ecuador’s Amazonian rain forest to make Chevron pay to clean up the contamination and polluted streams it left behind has made civil society stronger and Ecuador’s courts better prepared to deal with similar cases in the future, a lawyer who was part of the […]
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Ecuadorian society is locked in a fierce debate over president Rafael Correa’s move to auction off three million hectares of the Amazon rainforest to international oil companies, including in China. Correa has come under intense domestic and international pressure over the sale, which seeks to use the country’s oil reserves to reduce the national debt. […]
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President Correa has said he plans some changes to his cabinet, as part of an effort to deepen his “citizen’s revolution” during his third term, which begins on May 24. Wilson Pastor, Ecuador’s minister of nonrenewable natural resources, has tendered his resignation to President Rafael Correa and will be replaced by Pedro Merizalde as part […]
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foxbusiness.com reported that crude oil from southern Colombia could begin flowing through Ecuador’s OCP pipeline as early as next week under an agreement to be signed Wednesday between the pipeline operator and Colombian producer Vetra Exploracion y Produccion SA, a pipeline company official said. Read Article
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The projects are the construction of Line 2 of the Lima Metro, the gas pipeline of the south, the optical fibre backbone, and the Cusco-Chinchero International Airport (AICC) among others. Several projects presented by Peruvian President Ollanta Humala during road shows in Asia have aroused great interest among investors and entrepreneurs, according to Peru’s private […]
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cattle and agricultural area impacted elcomercio.com The company Heavy Crude Pipeline (OCP) reported a few minutes ago that spilled 5,500 barrels of oil in Wincheles sector in the province of Esmeraldas this morning. This, as a result of a break he suffered the OCP to 6:13. “At the moment the situation is under control and […]
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lahora.com.ec reported that Ecuador’s economy could collapse if not discovered new oil reserves-second source of income for the country-and diversifying the energy matrix, warned on Saturday President Rafael Correa to defend an open bid to explore oil in the Amazon. “The country’s energy mix is not sustainable unless we find more oil. Country will collapse […]
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New FARC attack against pipeline in Putumayo A stretch of the Trans-Andean pipeline was blown up in an action by the authorities attributed to the FARC, said Thursday. The bombing occurred around 10:00 am in a rural area of Puerto Asís, Putumayo department. Read Article
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There is terrible news for commuters. With no warning or public announcement, the Government approved increases to the price of fuel at the pumps countrywide. The increases are significant. Premium gas went up by 27 cents to $12.20 per gallon. Regular gas went up by 33 cents to $11.80 and Diesel increased by a shocking […]
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On March 7, 2013, O Imparcial reported that the northeastern Brazilian state of Maranhão will receive close to R$200 million in 2013 from oil royalties. This estimate comes after local authorities defeated a veto from President Dilma Rousseff, which would have distributed the royalties differently. The old estimate would have given municipalities in the state […]
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mercopress.com reported, President Rafael Correa said he expects the regional groupings Alba and Unasur to meet urgently and address the “legal aberration” committed by a UN trade law arbitrage tribunal against Ecuador in a case involving US multinational Chevron and decades of environmental damages. “We urgently need Latinamerican unity to avoid the abuses of the […]
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“We have oil for 8.1 years and we know that’s not much time to sustain a pace of 1 million barrels per day. That’s why we need to find reserves quickly,” Cardenas told RCN Radio. The Finance minister said, however, that Ecopetrol posted strong results last year. Colombia only has enough oil to last another […]
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elcolombiano.com reported that an emergency plan activated Ecopetrol officials to prevent the oil spill, caused by an attack, allegedly by FARC guerrillas the Cano Limon-Covenas on Saturday night. Among the contingencies is the installation of barriers that prevent the fuel from contaminating the Catatumbo river and cause an environmental emergency such as that produced in […]
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Attacks/Kidnappings my increase when Rainy season ends. Rainy season in highlands (sierra) begins September and peaks sometime between January and March, May to–August period is marked by very dry conditions with cold nights and mornings. larepublica.pe reported that intelligence sources consulted by The Republic mainly from the Joint Command of the Armed Forces confirmed that […]
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. In a joint operation, which lasted more than 15 hours, were seized in Tumbes 3,000 gallons of fuel smuggled from Ecuador, valued at 30,000 soles, reported the National Customs and Tax Administration (Sunat ). The action, the result of a follow-up to the officers of the Customs Directorate of Tumbes, was conducted in coordination […]
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Trust.org reported that Colombia’s FARC rebels on Thursday freed three oil contractors kidnapped a day earlier, military sources said, though the guerrillas killed four soldiers in the south as they step up pressure during peace talks. The kidnappings and other violent incidents came days after the Revolutionary Armed Forces of Colombia, or FARC, made clear […]
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President of Nicaragua, Daniel Ortega , said Monday that it is false that Venezuela is giving away oil to countries that are part of Petrocaribe, among which is his nation. “It is not true that Venezuela is giving away oil. Venezuela puts and our countries are charged 100% of the oil, “Ortega said in his […]
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Fuelfix.com reported that a former judge in the environmental lawsuit against Chevron Corp. in Ecuador now says the plaintiffs agreed to pay a $500,000 bribe in order to win the $19 billion case. In a sworn statement released by Chevron Monday, Alberto Guerra Bastidas also said the plaintiffs’ lawyers wrote the final, 2011 judgment, which […]
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According to a press release published by Amazon Defense Coalition – New evidence suggests that Chevron CEO John Watson has resorted to authorizing the offering of lucrative benefits packages to former Ecuadorian judges in return for false testimony designed to undermine the environmental trial that led to a $19 billion verdict against the company, according […]
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Guardian.co.uk reported that Ecuadorian Kichwa tribe gets reprieve from oil intrusion. Residents of Sani Isla have built up an arsenal of weapons to fend off Petroamazonas, in a confrontation which did not take place as expected. Read Article
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Amazon Defense Coalition Press Release: U.S. federal judge Lewis A. Kaplan is again denying due process and improperly acting as “the world’s judicial police” to help Chevron try to block a $19 billion environmental judgment in Ecuador, says a new analysis by representatives of the Ecuadorians. Representatives of thousands of Amazon villagers in Ecuador who […]
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On January 9, 2013, Campo Grande News reported that a minister of the cabinet of Mayor Alcides Bernal (PP) faces charges for accepting bribes to release reserves from an oil refinery without assessing taxes or declaring the oil to be in the market. Gustavo Freire faces charges of participating in a massive kickback scheme in […]
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Telegraph.co.uk reported the likelihood that Venezuela’s Hugo Chavez is close to death will pitch rivals against one another in a battle for power and oil riches, and trigger political shock waves across the region. With the president’s demise, several factions will be vying for control of the country’s political future and oil wealth — the […]
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An attack on the pipeline Caño Limón-Covenas in Colombia, an environmental emergency caused Friday by an oil spill in Margua River, which supplies drinking water to the aqueducts of Arauca and Arauquita main eastern region. Read Article
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The new federal administration will maintain the growth “gradual” in the price of gasoline to reduce the subsidy that is exerted on these fuels, said Undersecretary of Revenue, Ministry of Finance and Public Credit, Miguel Messmacher Linarta. “We are keeping this policy of gradual slippage at the moment,” the official said, but added that failure […]
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According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain’s Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil. “We discussed the need for oil and gas exploration in the territory and offshore areas, adjacent to […]
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State preventive police evicted a group of protesters Jantetelco Township, which tied up the City Hall, to protest the passage of a pipeline terminal which is projected in the municipality Yecapixtla. In fact four people were arrested, two of them elderly, who were presented before the Public Ministry of the entity as presented. It was […]
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Financialpost.com reported “You should all be in New York,” Ontario Superior Court Justice David Brown said several times during the first day of hearings today in Toronto. “On the issue of jurisdiction, the law is not clear on this at all. Why should the Ontario court stick their nose” into the matter. A group of […]
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The President of Mexico, Felipe Calderon, announced on Sunday that state oil company Petroleos Mexicanos (Pemex) has found a significant oil well. According to the official information is the finding of land crude more significant than has been done in the past decade. The exploitation of the well could give himself between 50 and 500 […]
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Ecuador: people demonstrate against oil licensing granted by Correa “The goal is to plunder our resources, everything that is damaged is the environment.” A hundred people demonstrated today Ecuadorians with drums and spears against the Bid Opening of new oil fields in the Amazon region where there is currently little wells. The Indians gathered at […]
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Ecuador opens Wednesday a tender to private and state companies to explore 16 oil blocks in the Amazon, with potential reserves of 1,600 million barrels, a process that faces the rejection of indigenous communities. The offer will be formalized in the night by President Rafael Correa, whose country-the smaller partner of OPEC – not perform […]
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Paraguayan president Federico Franco announced on Monday that starting on 2013 the country will become an oil producing nation, after a recent discovery close to the border with Argentina. According to Franco, researchers have discovered “plenty of top quality oil” in the “Cuenca de Pirity” area, in the Chaco region, west and north of Asunción. […]
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$64m has been deposited and $187m pledged to help protect Ecuador’s biologically rich rainforest, figures show… More than $300m (£188m) has been promised to stop the exploitation of 846m barrels of oil below the Yasuní national park in Ecuador, one of the world’s most biologically rich areas of rainforest, new figures show. Ecuador’s idea to […]
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La Isla refinery in Curacao PDVSA, operates at a third of capacity, then the restart of a catalytic cracking unit that did not work for four months, told Reuters workers union president, Angelo Meier . For restarting the unit was necessary to stop other areas and thus the cracker allocate the limited supply of industrial […]
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The Venezuelan government’s hostile attitude toward Washington led Venezuela to stop being part of the solution to America’s energy problem, and its crude exports decline, the analyst said today José Toro Hardy. “This antagonistic attitude of President Hugo Chavez to the United States we have lost confidence as insurance providers crude,” said economist Notimex exdirectivo […]
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An Argentine judge embargoed Chevron Corp.’s assets in Argentina to carry out an Ecuadorean court order that awarded $19 billion to plaintiffs in an environmental damage lawsuit in the Amazon, a lawyer said Wednesday. Read Article
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The community of the Ecuadorian Amazon, which has won court battles in his country and the United States in a lawsuit against Chevron for environmental damage between 1964 and 1990, now wants to seize the assets of the U.S. oil in Argentina and Colombia. The Union of People Affected by Texaco (company that in 2001 […]
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The well drilled in the Gulf of Mexico “no commercial possibilities,” admitted Cubapetroleo consortium and Venezuelan PDVSA “Although this well no commercial possibilities, the results of the scan will help guide and expand operations in blocks of Cuba’s Exclusive Economic Zone in the Gulf of Mexico, included in the contract between the two companies,” said […]
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At the launch of Oil and Gas Expo 2012, the largest fair of Colombia oil, the manager announced the conclusion of the study by the firm Arthur D. Little for Mining and Energy Planning Unit. Thus, according to the document, the accounts could be completed in the next two decades with 1,200 million barrels in […]
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As part of the operations of Army soldiers against illegal organizations illegal mining in recent times managed to neutralize illegal refinery in the department of Nariño. Military action was developed by the men of the Mobile Brigade No. 35, who managed to locate and destroy an illegal refinery used by terrorists from the Mariscal Antonio […]
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Under the military actions carried out by the army in the department of Valle del Cauca, was located a structure designed for the illegal extraction of oil. Military actions were carried out by men of the High Mountain Battalion No. 3 Rodrigo Lloreda Caicedo, assigned to the Third Division, who placed in the structure near […]
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The Ecuadorian State must compensate U.S. oil company Occidental (Oxy) to $ 1,769.6 million, plus interest, for having arranged the expiry of his contract for exploitation in the Amazon area six years ago. The International Centre for Settlement of Investment Disputes (ICSID), based in Washington, reported yesterday its final ruling on the lawsuit brought against […]
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