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,
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.
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.
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.
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.
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.
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.
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.
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.
An effectiveness analysis of various completion designs for reducing water production yields significant benefits during field development.
FactoryTalk software, virtual servers replace aging human-machine interface infrastructure as part of multi-facility upgrade, which saved the operator considerable expense.