Ecuador

Nordex enters Ecuador with 112 MW wind farm order

German group Nordex has signed its first order in Ecuador to supply 19 turbines for a 112 MW wind farm, marking its entry into a little-developed Andean market.

Frontera Energy sells its stake in two Ecuadorian oil blocks for $7.8mn

Frontera Energy Corporation confirms the divestment of its interest in the Perico and Espejo oil blocks in Ecuador, signalling a strategic refocus on its operations in Colombia.

Gran Tierra invests USD15.55mn to strengthen its oil presence in Ecuador

Gran Tierra Energy confirms a major asset acquisition in Ecuador’s Oriente Basin for USD15.55mn, aiming to expand its exploration and production activities across the Andean region.
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Ecuador: Partial Resumption of Oil Transport After Major Climatic Disruptions

The private OCP pipeline has resumed operations in Ecuador following an interruption caused by heavy rains, while the main SOTE pipeline remains shut down, continuing to impact oil exports from the South American country.

Fire halts operations at Ecuador’s largest oil refinery

Petroecuador suspended activities at its Esmeraldas refinery following a fire, with no injuries reported, while an investigation is under way to assess the damage.

Ecuador awards Sinopec a $105mn oil drilling contract in the Amazon

Petroecuador signed an agreement with Sinopec to drill new wells in the northeastern Amazon, aiming to increase output by 12,000 barrels per day.
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Oil spill in the Amazon: Ecuador fears impact on Coca hydroelectric plant

Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.

Oil spill in Ecuador: SOTE pipeline damaged by a landslide

A landslide caused the rupture of the SOTE pipeline in Ecuador, leading to an oil spill in the Esmeraldas River. Authorities have declared an environmental emergency in the Esmeraldas region.

Ecuador demands a $1.5bn deposit for the development of its largest oil field

Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
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Sino-Canadian consortium awarded operation of Ecuador’s largest oil field

Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.

Ecuador’s Imports of Refined Products Surge Amid Refinery Challenges

Ecuador is experiencing a marked increase in diesel and gasoline imports due to ongoing challenges in its refineries, exacerbated by extended maintenance periods.

IMF Validates a Key Step in Ecuador’s $4 Billion Aid Program

The International Monetary Fund announced an agreement with Ecuador on the first review of its economic aid program, paving the way for a $500 million disbursement amid an energy and economic crisis.
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The Ecuadorian government takes over management of the OCP pipeline for six months

Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.

Drought in Ecuador: the government imposes electricity cuts of 10 hours per day

In the face of a historic drought, Ecuador has reintroduced electricity cuts lasting up to 10 hours per day. The decision aims to prevent a collapse of the national electricity system, primarily powered by hydroelectricity.

Chachimbiro Geothermal Project: Japan Invests $43 Million in Ecuador

The $43 million funding granted by Japan for the Chachimbiro geothermal project marks a key step for Ecuador’s energy diversification strategy, aiming to strengthen the country's autonomy and the stability of its electricity supply.
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Energy crisis in Ecuador: power cuts and major economic challenges

Ecuador is experiencing a major energy crisis, with rotating power cuts due to a historic drought. This situation raises major economic and social issues, prompting us to rethink our dependence on hydroelectricity and explore sustainable solutions.

Ecuador faces power crisis, with scheduled blackouts

Ecuador is experiencing an energy crisis marked by scheduled power cuts and maintenance work. This situation, exacerbated by unfavorable weather conditions, raises crucial economic and social issues for the country.

Ecuador relies on a floating power plant to stabilize its electricity grid

Ecuador is testing a 100 MW floating power plant, supplied by Karpowership, to alleviate the energy crisis caused by drought and aging infrastructure.
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Ecuador: Serial power cuts, network vulnerability in question

Ecuador has suffered further power cuts in several provinces, exposing recurring weaknesses in its network and raising the question of energy infrastructure management.

Conflicts surrounding oil development in Ecuador’s Yasuni reserve

Indigenous communities in the Ecuadorian Amazon, including the Waorani, are contesting the impacts of oil extraction in the Yasuni reserve, raising questions about the country's resource management and economic strategies.