A member of OPEC, Ecuador in many ways remains largely a hydrocarbons economy. The South American nation counts proven reserves of 8 billion barrels (BP 2016 estimate) and produces 517,000 barrels per day as of June 2018.
Regarding the power sector, Ecuador is known for having a robust transition system and is part of the Andean countries interconnection system or SINEA in Spanish (Sistema de Interconexión Eléctrica Andina | SINEA). The country’s electric sector is increasingly dominated by hydropower that grew from 49% to an estimated 83% last year. On the other hand, unconventional renewables remain below 2% of the country’s generation. Diversification of the energy matrix is key for countries such as Ecuador due to the seasonal nature of hydropower generation.
Under the Presidency of Lenín Moreno, Ecuador has proclaimed its interest in attracting international investment in all segments of the country’s energy and natural resources sector. Bid rounds in the oil sector are underway as are major efforts to attract a diverse range of investment in the nation’s power and mining sector.
As part of the reorientation of the Moreno´s government for the energy sector, the Ministry of Hydrocarbons, the Ministry of Electricity and Renewable Energy as well as the Ministry of Mining are undergoing a major institutional reorganization that will lead to the establishment of one Ministry of Energy and Non Renewable Natural Resources. The Minister, Mr. Carlos Pérez will lead the Ecuadorian effort in generating a dynamic sector which fosters foreign investments, environmental consciousness and transparency. Taking a pragmatic approach that benefits all stakeholders, this sector is expected to become a driving force in the development of the country, where there will be opportunities for respected partners who want to be part in the new era of energy and resources in Ecuador.
For a webinar presentation with José Antonio Cepeda from Ecuador’s Ministry of Energy and Non Renewable Natural Resources, who currently serves as advisor to the Minister, OPEC National Representative and Member of the IEF Executive Board. He will share insights on the latest policy developments, investment opportunities and sector restructuring underway.
The webinar will be held on Wednesday, September 12 at 9:00am San Diego (11:00 am Quito time; GMT/UTC – 8 hours). Mr. Cepeda’s formal presentation will be followed by a live Q&A session with the audience.
Date: August 3, 2017 Time: 11:00am San Diego (1:00 pm Mexico City and Bogotá; GMT/UTC – 8 hours) Contact: Jacqueline Sanchez
The continued volatility and lower-for-longer oil price environment, among other factors, has reduced some of the attention from Latin America’s shale plays. But what has not changed is the region’s unconventional resource potential. Latin America counts several of globe’s largest unconventional reserves. The US Energy Information Administration (EIA) ranks Argentina second globally in terms of technically recoverable shale gas resources, while Mexico holds the world’s fourth largest resources. Colombia is also an important reserve holder of unconventional reserves. How these countries continue to progress with development of these resources remain critical questions not only for their own energy outlook but also regional oil and gas production trends.
Webinar and virtual panel discussion featuring Aldo Flores, Deputy Minister for Hydrocarbons in Mexico and Rafael Herz, Vice President for Exploration at the Colombia Petroleum Association (ACP). The webinar will be held Thursday, August 3 at 11:00am San Diego (1:00 pm Mexico City and Bogotá; GMT/UTC – 8 hours).
The panel will take stock of the current outlook for unconventionals across the region and provide updates on the latest developments in terms of regulation and licensing rounds, key issues confronting further development, the outlook for the coming months and years.
The march of innovation and transformation in the global energy business shows no sign of ebbing. Industry and government alike across our hemisphere are looking to technological solutions for the vexing challenges of a modern energy sector that supports economic development in a sustainable manner. Technological innovation is poised to be a key element for insuring the energy industry’s profitability and competitiveness and perhaps nowhere is this more critical than with digitalization and data. By some accounts we generate 50,000 gigabytes of data per second. There are myriad ways to unravel and analyze this data. The Industrial Internet of Things (IoT) and increased use of data analytics are increasingly part of the energy transition conversation, principally in terms of boosting productivity and adding value. But where exactly are we today in this rapidly evolving dynamic and what is different, and why does it matter?
Webinar discussion and analysis with Dominic John on the role of digitalization, data analytics and what the distinctions are between digital prey and digital predators. Dominic John is Vice President of Marketing and Technical Communications at OSIsoft.
The webinar will be held Thursday, July 6 at 11:00am San Diego (2pm Washington, DC; GMT/UTC – 8 hours). The formal presentation will be followed by a Q&A session with the audience.
The success in Mexico’s deepwater auction and Pemex joint venture last December may prove a harbinger of a more positive outlook for Latin America’s oil and gas sector. Indeed, the first few months of the year point to increased activity in Brazil, Argentina, and Colombia while Mexico appears set to continue its aggressive oil and gas auction rounds this year. Brazil is conducting bidding while relaxing stringent local content requirements. Meanwhile, the major oil discovery in Guyana could boost interest in its neighbors. Overall, there are several positive trend lines that amount to an exciting outlook and race to the top for countries across the region.
Join us for a webinar discussion with RoseAnne Franco and her analysis on the region’s political economy and what these trends signify for oil & gas in 2017 and beyond. RoseAnne Franco is Head of Oil & Gas Risk at the firm Verisk Maplecroft.
The webinar will be held Thursday, April 20 at 11:00am San Diego (1pm Houston; GMT/UTC – 8 hours). Franco’s formal presentation will be followed by a Q&A session with the audience.
Donald Trump praised the role for renewable fuels and underscored their importance for “America’s economy and to our energy independence.” For many others, renewable fuels are a critical component of a pathway to a low-carbon economy. What does the United States and more particularly the California experience portend for the hemisphere? How can the evolving policy discourse on renewable fuels in the United States inform similar decisions in Latin America?
Join us for a webinar discussion and analysis with Cynthia Obadia focused on the economic and environmental elements of renewable fuels lessons from the United States as part of the policy conversation across the hemisphere. Cynthia Obadia is a Renewable Fuels Consultant. Prior to her current role as a consultant for biofuels producers and consumers in maximizing the revenues from financial incentives from California’s carbon regulations as well as EPA’s Renewable Fuel Standards (RFS), she spent several years as an energy trading professional working at a variety of firms including Shell, Goldman Sachs, and Petroleos de Venezuela (PDVSA).
The webinar will be held Friday, June 9 at 11:00am San Diego (2pm Washington, DC; GMT/UTC – 8 hours). Obadia’s formal presentation will be followed by a Q&A session with the audience.
There is little debate over the extent of the natural resource potential that lies below ground in Venezuela. And the country’s outsized influence on global energy geopolitics has been the source of countless research papers and analysis. But what is increasingly open for discussion is what the future — near-term and long-term — holds for Venezuela’s oil outlook and the country’s energy sector and economy more broadly.
Join us for a webinar discussion with Raul Gallegos on the future of the Venezuelan oil sector and how one of the world’s foremost oil economies manages its economic duress and what is best described as an advanced stage of institutional destruction. Raul Gallegos is a Senior Analyst, Andean Region, Global Risk Analysis at the advisory firm Control Risks and is author of the book Crude Nation: How Oil Riches Ruined Venezuela
The webinar will be held Friday, March 17 at 12:00pm San Diego (4pm Caracas; GMT/UTC – 8 hours). Gallegos’ formal presentation will be followed by a Q&A session with the audience.
The President of @iamericas, Theodore E. Gildred III and #Energy and #Sustainability VP @jermartinioa during a meeting with the Executive Director of @agencia_asea Mr. Ángel Carrizales. Thank you for a great first meeting and looking forward to our future collaboration.
Special thanks to Mr. @FLBen_VM for the invitation to @Jacsanc @iamericas to participate and collaborate in this wonderful event that had the presence of #energy professionals in the country and from abroad. #WomeninEnergy #WIN2019