(Energy Analytics Institute, Ian Silverman and Piero Stewart, 13.Dec.2018) — Heard on the street and other LatAmNRG briefs from South America’s Guyana, which expects first oil to start flowing in 2020 thanks to ten discoveries by partners Hess Corp., Nexen and Exxon Mobil; OPEC member country Venezuela, which reports the passing of former oil minister Nelson Martinez; and the Caribbean where MPC Caribbean Clean Energy Ltd. has launched an IPO.

Hess Says Guyana Offers Industry Leading Financial Returns

(Energy Analytics Institute, Piero Stewart, 13.Dec.2018) — Hess Corporation announced the following regarding its operations in Guyana:

— World class Guyana position with more than 5 billion barrels of oil equivalent gross discovered resources offers industry leading financial returns and cost metrics

— 5 billion BOE gross discovered resources – multi billion barrels remaining exploration potential

— First oil early 2020 – potential for at least 5 FPSOs and >750 MBOD gross by 2025

— Industry leading financial returns and cost metrics

— Guyana – Liza Phases 1 & 2 prefunded – no need for equity or debt


Jailed Former Venezuela Oil Minister Nelson Martinez Has Died

(Reuters, 12.Dec.2018) — Venezuela’s former oil minister Nelson Martinez, who was arrested more than a year ago as part of a sweeping graft probe, has died, three people familiar with the matter said.


Clean Energy Firm Targets $50 Million IPO

(Trinidad Guardian, Leah Sorias, 11.Dec.2018) — Barbados-based investment company, MPC Caribbean Clean Energy Ltd, is confident it can raise $50 mln for renewable energy projects in LAC region, by way of an IPO simultaneously launched in Jamaica Trinidad and Tobago.


Peru Settles Bond Offer

(Energy Analytics Institute, Ian Silverman, 13.Dec.2018) — Peru, in accordance with its previously-announced offer dated Nov. 29, 2018, to purchase for cash (i) sovereign bonds or Bonos Soberanos, including Bonos Soberanos in the form of Global Depositary Notes (GDNs) previously issued by Citibank N.A. and (ii) global bonds, in each case as set forth in the tables below (the Bonos Soberanos, GDNs and Global Bonds, collectively the Bonds), announced the settlement of the Offer.


Parker Drilling To Move To OTC Pink Marketplace

(Energy Analytics Institute, Ian Silverman, 13.Dec.2018) — Parker Drilling Company reported that it expects to move trading of the company’s common stock to the OTC Pink Marketplace from the New York Stock Exchange (NYSE).

Goldplay Exploration Completes Private Placement

(Energy Analytics Institute, Ian Silverman, 13.Dec.2018) — Goldplay Exploration Ltd. closed the final tranche of its non-brokered private placement previously announced on Nov. 19, 2018. The co. has issued 1,244,166 units for gross proceeds of $273,716.52. Total gross proceeds raised under all tranches of this offering was $1,499,960.


© Energy Analytics Institute (EAI)

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