LatAmNRG Briefs and Heard On the Street: Guyana, Venezuela, Chile, Peru

Instant Max AI

(Energy Analytics Institute, Jared Yamin and Piero Stewart, 2.Aug.2019) — LatAmNRG briefs and heard on the street related to Sempra Energy’s divestments in South America, Tullow Oil plc’s three well exploration campaign in Guyana, and workers continue to quit work at PDVSA in Punto Fijo due to low salaries and poor working conditions.

— Sempra Energy said 2 August that the sales process of its equity interests in its South American businesses, including its 83.6% stake in Luz del Sur S.A.A. in Peru and 100% stake in Chilquinta Energía S.A. in Chile, continues to make good progress.

— Tullow Oil plc (Tullow) announced 24 July a three-well Guyana exploration campaign is under way and that Jethro result are expected in the first half of August.

— Reportedly 18 plant operators at PDVSA’s 645,000 b/d Amuay Refinery in Punto Fijo quit, according to oil union official Ivan Freites. PDVSA has reportedly suspended vacations for those remaining workers. ‘Gone are the days of retiring from PDVSA,” Freites told Energy Analytics Institute in a phone interview.

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© Energy Analytics Institute (EAI)

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