Post Tagged with: "Ecuador"

Source: Oil Price

Ecuador’s NOC declares force majeure after indigenous protests

Oil Price


Ecuador’s state-run oil company, Petroecuador, has declared force majeure on three more oil blocks due to protests by the indigenous Kichwa community, just days after doing the same for another block.

The three blocks were jointly producing …

Source: Oil Now

Busy year ahead for Ecuador oil sector as gov’t moves to ramp up investments

Oil Now


(S&P Global Platts) Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign …

January 5, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

European lenders exit Amazon oil trade after scrutiny by campaigners

Reuters


ZURICH/LONDON – Credit Suisse, Dutch lender ING and France’s BNP Paribas have decided to stop financing the trade in crude oil from Ecuador, the banks said on Monday, following pressure from campaigners aiming to protect the Amazon rainforest.

The …

Source: Reuters

Exclusive: Ecuador weighs suit against Vitol in wake of graft revelations, sources say

Reuters


QUITO/RIO DE JANEIRO – Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge …

December 11, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Exclusive: European banks face indigenous calls to end Amazon oil trade

Reuters


LONDON/QUITO  – European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade in oil from the Amazon rainforest.

Stand.earth …

August 12, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge

Reuters


Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador.…

Source: Reuters

Big Oil seeks refuge in Brazil from Latam regional turmoil

Source: Reuters


RIO DE JANEIRO/MEXICO CITY (Reuters) – When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks …

Ecuador oil output could fall by one-third amid protests: energy ministry

Ecuador oil output could fall by one-third amid protests: energy ministry

Source: Reuters


Ecuadoran state-run oil company Petroamazonas estimates it could lose some 165,000 barrels-per-day (bpd), or one-third, of crude production due to “insecure conditions” in oilfields as anti-austerity protests convulse the Andean nation, the energy ministry said on Tuesday.

Ecuador oil output could fall by one-third amid protests: energy ministry - oil and gas 360

The …

October 8, 2019 - 3:15 pm Closing Bell Story‎, Crude Oil News, International
GeoPark Q2 2019 Operational Update

GeoPark Q2 2019 Operational Update

GeoPark Announces Second Quarter 2019 Operational Update

Ecuadorian Plaintiffs End Litigation Against Chevron

Ecuadorian Plaintiffs End Litigation Against Chevron

Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron

Dutch Supreme Court Rules for Chevron in Ecuador Dispute

Dutch Supreme Court Rules for Chevron in Ecuador Dispute

Dutch Supreme Court Rules for Chevron in Ecuador Dispute

April 16, 2019 - 9:28 pm Closing Bell Story‎, Law, Press Releases
More Latin American Plays Open to North American Explorers

More Latin American Plays Open to North American Explorers

GeoPark and Gran Tierra both add Ecuador to Latin American portfolios

Two North American oil and gas producers have added Ecuador to their Latin American portfolios, winning acreage blocks that are prospective for hydrocarbon production. GeoPark Limited (stock ticker: GPRK, …