(Update2) Ecuador’s bondholders face a “clear
and present danger” the country may default again this year as
a sluggish economic recovery curbs tax revenue, Standard &
Poor’s said.
Ecuador's Block 15, in the Amazon region, has a natural decline of 3% per
month in its production, meaning state-owned Petroamazonas will concentrate
future investments in new projects, a high level government official said
today.
(Update2) Chevron Corp. asked a U.S. court to
dismiss Ecuador’s attempt to block an international arbitration
panel from deciding who should pay damages in a lawsuit seeking
as much as $27 billion for environmental cleanup.
Yasuní National Park, located in the core of the Ecuadorian Amazon, shatters a range of world biodiversity records—from trees to amphibians to insects to mammals and an array of other plant and animal groups—new research from U.S.
Plaintiffs suing Chevron over an alleged $27 billion in environmental damages in Ecuador are asking a U.S. court to halt the company's bid to bring the case to international arbitration.
Ecuador's President Rafael Correa will keep promoting his initiative to
protect the country's Amazon region by refraining from drilling for oil, but
warned today that his government will negotiate the deal hard.
State-run Petroecuador has formally asked Ecuador's Ministry of Nonrenewable
Natural Resources to cancel a production contract with Energy Development
Corporation (EDC), a subsidiary of US-based oil and gas producer Noble
Energy.
Ivanhoe Energy Inc. announces that Ivanhoe Energy Ecuador Inc. has spud its first appraisal well IP15 in the Pungarayacu field in Ecuador. Ivanhoe Energy Ecuador a Canadian company is a whollyow