Articles
Business intelligence and analysis on Ecuador
Ecuador Oil Transport Falls 5% In First Half As OCP Volumes Drop
Ecuador’s crude transport declined 5% in the first half of 2026 as a 34% fall in OCP volumes outweighed a 17.5% gain through SOTE. The report links the lower throughput to a 1.5% decline in national oil production through May.
Ecuador Electricity Demand Hits 5,634.31 MW July Record
Ecuador’s electricity demand reached 5,634.31 MW at 19:00 on July 15, the highest level recorded so far in 2026. The peak exceeded the Electricity Master Plan’s 2026 normal-growth projection of 5,206 MW, adding pressure before the October-March dry season.
Ecuador Faces 1,300 MW Dry-Season Deficit Scenario In 2026 Power Planning
Ecuador faces at least six electricity-system challenges before the 2026 Amazon dry season, including climate risk, delayed thermal rentals, aging plants and maintenance timing. Hydroelectric generation normally covers about 85% of demand, making dry-season hydrology the central operating risk.
Ecuador Extends PCR Contract For Pindo Oil Block Through 2037
Ecuador’s environment and energy ministry signed a USD 69 million extension with Petroquímica Comodoro Rivadavia to operate the Pindo oil block through 2037. The contract includes exploration wells, development wells, workovers using hydraulic fracturing techniques and gas-capture systems.
Orion Energy And Gente Oil Submit Offers For Intracampos III Fields
Orion Energy and Gente Oil submitted offers for the Tetete Sur and Lumbaqui fields in Ecuador’s Intracampos III oil round. The government expects the round to lift national oil production by 9,900 to 12,000 barrels per day.
Celec Awards USD 47.8M 50 MW Diesel Rental For Enrique García Plant
Celec awarded a USD 47.8 million contract to rent 50 MW of land-based thermal generation for the Enrique García plant in Guayaquil. The process launched on May 7 and was awarded July 8, creating a timing risk ahead of Ecuador’s October dry season.
Ecuador Seeks 90-110 MW Barge Extension As Dry-Season Risk Builds
Elecaustro opened a USD 42.7 million process to keep the 90-110 MW Erin Sultan barge operating at Las Esclusas. Cenace warns of a 25% probability of power deficits in the 2026-2027 dry season and says Ecuador needs at least 893.7 MW of additional capacity.
Petroecuador Awards 950,000-Barrel Fuel Oil Sale To Trafigura
Petroecuador awarded Trafigura PTE a 950,000-barrel Fuel Oil No. 6 sale expected to generate roughly USD 63 million. The sale covers five cargoes of 190,000 barrels each, plus or minus 10%, using the USGC HSFO marker and a USD -5.25 per-barrel differential.
Ecuador Fuel Subsidy Cost Estimated At USD 650M Over Three Months
Ecuador’s fuel subsidy cost for Extra, Ecopaís and diesel was estimated at roughly USD 650 million between May and July 2026. The estimate breaks down to USD 190 million from April to May, USD 220 million from May to June, and USD 240 million from June 11 to July 11.
Ecuador Energy Plan Includes Colombia Purchases And 100 MW Rental Generation
Ecuador is preparing for the dry season with possible electricity purchases from Colombia and land-based rental generation targeting 100 MW this year. The plan comes as estiaje usually begins in September and may coincide with El Niño conditions.
Progen Local Dispute Adds USD 6.1M Claim To Celec Contract Fallout
A new contract dispute tied to Progen’s emergency generator work adds a USD 6.1 million claim between local companies to an already complex Celec fallout. The issue expands the commercial-risk map around Ecuador’s 2024 emergency power procurements.
Petroecuador Adds 3,181 bpd From New Auca Well
Petroecuador started operations at ACAL-245HUI in the Auca asset, adding 3,181 barrels per day and an estimated USD 5.2 million in monthly revenue for the state.