Ecuador

  • Ecuador Receives Bids for Sale of 3.6 MM BBL 

    Ecuador Receives Bids for Sale of 3.6 MM BBL 

    Tuesday, 30th June 2020

    Ecuador’s state-run oil company Petroecuador announced on June 29 that it had received bids from seven companies interested in buying a cumulative total of 3.6 million barrels (mmbbl) of Oriente crude by means of a spot-market tender launched earlier this week.

  • Petroamozonas Restarts Operations in its Oil Fields 

    Petroamozonas Restarts Operations in its Oil Fields 

    Sunday, 10th May 2020

    Ecuador’s Petroamazonas EP has restarted operations in oil fields Sacha, Drago, Libertador and Lago Agrio, after the operation of the Trans-Ecuadorian Pipeline System (SOTE) and the Heavy Crude Pipeline (OCP).

  • Ecuador Calls on Colombia, Mexico to Freeze Oil Output

    Ecuador Calls on Colombia, Mexico to Freeze Oil Output

    Wednesday, 30th March 2016
    Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC producers in Doha.
  • LatAm Oil Producers Meeting Postponed

    LatAm Oil Producers Meeting Postponed

    Thursday, 10th March 2016
    A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties.
  • Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute

    Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute

    Monday, 2nd November 2015
    Ecuador's President Rafael Correa said on Saturday that his country is in 'friendly' negotiations with Occidental Petroleum Corporation over the payment of a $1.77b award the Latin American nation was ordered to pay for seizing the US-based company's assets in 2006, reports Reuters.