Ecuador’s economy is staring down yet another crisis. Economic headwinds could further jeopardize its already-struggling oil industry. Drill count is inching up slowly, but it remains to be seen whether Continue Reading
Exports of Ecuador’s flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday. At least eight Continue Reading
Ecuador will likely suspend oil production completely within 48 hours if road blocks and vandalising of oil wells continue, Bloomberg News reported on Sunday, citing an emailed statement from the Continue Reading
Ecuador’s state-owned oil company Petroecuador declared force majeure across exploration, production, and transportation operations amid escalating protests against the government. This means that exports of oil from the Andean country Continue Reading
Ecuador’s heavy-crude oil pipeline will restart pumping on Dec. 31 following maintenance to solve issues caused by erosion in the country’s Amazon region, while exports of Napo crude will begin Continue Reading
The oil-dependent South American country Ecuador, which left OPEC in January 2020 to avoid production quotas, has embarked on an ambitious plan to double its oil output. The tiny Andean Continue Reading
Ecuador’s state-owned Petroecuador has declared force majeure at Campo Eden Yuturi, a highly strategic field located in Block 12 in eastern Orellana province, saying blockades by an indigenous community have Continue Reading
NEW YORK— Steven Donziger once stood to gain hundreds of millions of dollars for winning a $9.5 billion environmental-contamination verdict against Chevron Corp. CVX -0.41% in Ecuador. Now, that judgment has been discredited, Mr. Donziger Continue Reading
The giant U.S. oil company objected last June when Washington proposed allowing duty-free rose imports from the world’s poorest countries, including Ecuador. A decade earlier, an Ecuadorean court had blamed Continue Reading
U.S. refiners were forced to source their heavy crude from somewhere else after the United States sanctioned Venezuelan crude oil. Now, U.S. refiners may again be forced to resource crude Continue Reading
