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Ecuador Overview

Ecuador

in figures

Oil Reserves8.3 billion barrels

Gas Reserves11 bcm

Ecuador: Aligned to International Objectives

Angola leaves OPEC following production cuts
NEWS
Angola - December 22, 2023

Angola has decided to leave intergovernmental oil organization OPEC following production cut agreements, the country’s…

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TEY_post_Miguel-PELETEIRO
Interview
Mexico - November 03, 2022

Miguel Peleteiro, head of oil and gas for Kroll, talks to The Energy Year about how Mexico can capitalise on its fossil fuels…

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Interview
Abu Dhabi -

Jorge Neher, a partner at Dentons Cardenas & Cardenas, talks to TOGY about the need for further flexibility from National Hydrocarbons Agency (ANH), why the government…

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Ecuador puts onshore blocks on offer
NEWS
Ecuador - September 12, 2018

Ecuador launched a bidding round for eight onshore blocks on Tuesday, local and international media reported.

The Iguana, Perico, Arazá Este, Pañayacu Norte,…

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PetroEcuador in management change
NEWS
Ecuador - July 12, 2018

Marcelo Proano has been appointed as the CEO of Ecuador’s state-owned downstream company, PetroEcuador, international media reported Wednesday.

Proano will…

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Ecuador to expand March offer, up output
NEWS
Ecuador - February 28, 2018

Ecuador will add four mature onshore oilfields and the Amistad offshore gasfield to an auction scheduled for March, international media reported on Tuesday.

The…

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Interview
Argentina - December 5, 2016

TOGY talks to Fernando Meiter, associate consultant at Gas Energy Latin America, about the concerns of foreign companies looking to invest in Argentina and the regional…

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Egypt to increase gas output
NEWS
Ecuador - May 23, 2016

Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said on Sunday the country will raise its natural gas production to as high as 170 mcm (6 bcf) per…

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ConocoPhillips, CME ink shale gas deal
NEWS
Colombia - December 07, 2015

The Colombian government signed an agreement on Friday with US operator ConocoPhillips and Canadian company Canacol’s regional affiliate CME for unconventional shale…

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Stephen Newton, Southern Cross Energy
Interview
Colombia - October 20, 2015

In response to low oil prices and forecasts that make a swift price recovery very unlikely, Southern Cross Energy is concentrating on investment projects in Colombia,…

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Oil struck at mature fields in Ecuador
NEWS
Ecuador - August 10, 2015

A consortium of Argentina’s Tecpetrol, Canadian company Canacol Energy, US major Schlumberger and local company Serpetec has found oil in reservoirs adjacent to its…

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Edwin CHÁVEZ ZAVALA
Interview
Peru - June 2, 2015

Edwin Chávez, CEO for Peru, Ecuador and Bolivia for international engineering firm Siemens, speaks to TOGY about the role of gas in the development of the country’s…

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