Ecuador
News
August 12, 2024
Gran Tierra has successfully drilled five exploration wells in Ecuador, each leading to an oil discovery. Three of these five wells are drawing medium to light hydrocarbons from distinct geological zones, highlighting the exceptional potential of the Oriente and Putumayo basins and the significant exploration opportunities that remain within both the Charapa and Chanangue Blocks.
News
August 25, 2023
The national vote ordered the shutdown of the 58,000 bpd field owned by national oil company Petroecuador, within a year. But area voters in the province of Orellana voted to keep the field operating and, according to Ecuador’s constitution, that local vote takes precedence,
News
May 17, 2023
Secretary-General Haitham Al-Ghais wrote that readmission of the Latin American nation is a “top priority” for OPEC and offered to visit to “explain the multiple advantages” of membership.
News
March 17, 2023
The Canadian company is looking to step up output in Colombia, which accounts for most of its production, by improving techniques such as adding so-called waterflood facilities in the main fields.
News
June 27, 2022
Ecuador’s oil production is likely to halt completely within 48 hours if road blocks and vandalizing of oil wells continue, the Energy Ministry said in an emailed statement.
News
March 16, 2022
Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.
Article
December 2021
Latin America’s oil industry needs greater political stability to keep growing
Article
June 2021
A mature field in Ecuador posed a range of challenges that threatened its long-term economics. Extended-life ESPs, combined with remote real-time surveillance, were a viable solution to handle gassy, sandy wells with steep production decline, saving $2.5 million in workover costs.
News
November 05, 2019
Ecuador’s plan to boost its economy by attracting foreign oil investment is falling victim to heavy resistance from indigenous groups newly empowered by the protests that rolled across the nation last month.
News
October 10, 2019
Protests in Ecuador over fuel prices have temporarily shut some oilfields, slowing the flow of crude and causing Petroecuador to shut a key pipeline.
News
October 02, 2019
For OPEC, the departure matters more in symbolism than barrels -- Ecuador stated clearly it wants to leave the group to boost oil revenues at a moment when the whole cartel is suffering from low prices.
Article
September 2019
An effectiveness analysis of various completion designs for reducing water production yields significant benefits during field development.
News
September 12, 2018
Carlos Pérez Garcia, Minister of Energy and Non-renewable Resources in Ecuador has announced an open licensing round for eight blocks onshore Ecuador, in Sucumbíos Province. These comprise: Araza Este, Changue, Iguana, Perico, Espejo, Pañayacu Norte, Charapa and Sahino.
News
August 16, 2017
A month after dealing a blow to OPEC, Ecuador says it will cap output at a more comfortable level than it had initially pledged.
News
July 18, 2017
Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it needs the money.
News
June 19, 2017
The U.S. Supreme Court left intact a ruling that protects Chevron Corp. from having to pay $8.6 billion in a decades-long battle over oil pollution in Ecuador, rebuffing an American lawyer who was found to have committed fraud in the Central American country’s court.
News
August 08, 2016
Chevron Corp. won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them, as an appeals court barred the attorney from enforcing in the U.S. an $8.6-billion award because he won it through deceit.
News
October 08, 2015
Logan International, in conjunction with Logan Oil Tools Sucursal Colombia, has announced that Energy Supply S.A., located in Quito, Ecuador, has been contracted as an independent sales representative for the Ecuador market as of Oct. 1.
Article
September 2015
FactoryTalk software, virtual servers replace aging human-machine interface infrastructure as part of multi-facility upgrade, which saved the operator considerable expense.
News
August 26, 2015
Ecuador has revealed the financial stress inside OPEC created by low oil prices, becoming the first member of the group to say it’s pumping at a loss.
News
August 10, 2015
Canacol Energy Ltd. and its JV partners have completed the drilling and testing of the successful Secoya Oeste - A001 exploration well located adjacent to the producing Libertador and Atacapi light oil fields in the Oriente basin of Ecuador.
