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(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more.

EVENTS

— The Caribbean Renewable Energy Forum 2021 takes place from 27-28 Oct. 2021. Details here.

LATIN AMERICA AND THE CARIBBEAN

Brazil

ANP Director Symone Araújo talks about investment opportunities in the oil and biofuels sector in coming yrs and challenges related to implementation of the country’s new gas law.

Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), executed a definitive option agreement to buy a 75% undivided interest the Libanesa project in Santa Cruz province, the co. revealed 12 Oct. 2021 in an official stmt. Libanesa is a 14,500ha silver-gold (lead) project located at the NE margin of the Deseado Massif Gold-Silver metallogenic province, approximately 70km west from the port of Puerto Deseado, 40km northwest of the Cerro Moro Mine operated by Yamana Gold and 100km northeast of the Don Nicolas mine operated by Cerrado Gold. Libanesa hosts several diversified geological, geochemical and geophysical supported targets and is permitted for drilling.

The Caribbean

— Four renewable energy-exporting ops exist in the Caribbean, Jonathan Knott CMG, HM Trade Commissioner for Latin America and the Caribbean at UK Department for International Trade said 15 Oct. 2021 over LinkedIn. 1) Jamaica is committed to reduce its dependence on fossil fuels and boost its energy mix w/ a target of 20% renewables by 2030. Jamaica has a range of investor incentives covering reductions of import duties from 30% to 5% on all renewable energy equipment. 2) Barbados aims to achieve 65% of its electricity generation from renewable energy sources by 2030 while introducing incentives to promote the use of ethanol and bio-diesel in its transport sector. 3) Twin-island country Trinidad and Tobago has exempted from VAT solar water heaters, solar panels and wind turbines. Furthermore, a Wear and Tear Allowance on 150% of expenditures is accessible for the purchase of plant, machinery, parts and materials for us in the manufacture of solar water heaters, the purchase of wind turbines and supporting equipment. 4) The Latin America and Caribbean region’s newest petro-state Guyana offers tax concessions and capital write offs for wind and solar farm investments. Additionally, the Guyana Energy Agency (GEA) has just green lighted the Amailia Falls Hydro project, worth approximately ₤615m.

Chile

Corporación Nacional del Cobre de Chile (Codelco) commenced an offer to purchase for cash any and all of its outstanding 4.500% notes due 2023, 2.250% notes due 2024, and its 4.500% notes due 2025, upon the terms and subject to the conditions set forth in the offer to purchase dated 12 Oct. 2021 and the accompanying notice of guaranteed delivery dated 12 Oct., the co. announced in an official stmt on 12 Oct.

Colombia

— In Colombia’s Cesar department, the country’s mines and energy minister Diego Mesa visited the La Loma Solar park, which is set to start partial ops in Dec. 2021. By 2022, the park will be 100% functional w/ more than 400,000 solar panels, the ministry announced 15 Oct. 2021 in an official stmt.

— In 2018, Colombia had less than 30MW of installed renewable capacity. By 2022, the gov’t of President Iván Duque aims to surpass the 2,500MW mark, the country’s mine and energy ministry said in a social media post.

Ecuador

Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) revealed the latest assay results from ongoing resource expansion drilling at its Warintza Project in SE Ecuador. The SLS-30 was collared in the western portion of the Warintza Central grid and drilled into a partially open volume to the north, returning 372m of 0.82% CuEq¹ from surface, including 264m of 0.97% CuEq¹ from 42m depth, extending mineralization in this direction, the SLS-31 was collared in the middle of Warintza Central and drilled into an entirely open volume to the SE, returning 1,000m of 0.81% CuEq¹ from near surface, including 768m of 0.90% CuEq¹ from 44m depth, extending mineralization to the south in this area. The SLS-32, stepped out approximately 165m northeast beyond the northern limit of drilling and drilled vertically into an open volume, returning 618m of 0.48% CuEq¹ from surface, including 372m of 0.64% CuEq¹ from 46m depth, broadening the width of the zone to the north. To date, 44 holes have been completed at Warintza Central with assays reported for 32 of these, the co. said 12 Oct. 2021 in an official stmt.

Venezuela

— Officials w/ Venezuela’s state controlled PDVSA claim oil production is at 679,000 b/d, according to documents seen by Energy Analytics Institute (EAI).

NORTH AMERICA

USA

ExxonMobil expressed interest in advancing carbon capture and storage opportunities in Houston.

Occidental (Oxy) revealed its Pathway to Net-Zero plan which outlines its vision toward total carbon impact leadership that accelerates progress on global climate goals.

Occidental (Oxy) plans to host its 3Q:21 earnings conf. all on 5 Nov. 2021 at 1pm EST. Teleconference dial in info. follows: toll-free (US/Canada): 866-871-6512 and Int’l: 412-317-5417

EOG Resources released its 2020 sustainability report, highlighting the co.’s efforts in sustainability.

UNITED KINGDOM

Höegh LNG Partners LP (NYSE: HMLP) announced on 15 Oct. 2021 that its BODs has declared a quarterly cash distribution w/ respect to the quarter ended 30 Sep. 2021 of $0.01/unit for the common units. The cash distribution for the common units will be paid on 15 Nov. 2021 to all common unit holders of record as of the close of the business on 29 Oct. 2021. The BODs also declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.75% Series A preferred units will be paid on 15 Nov. 2021 to all 8.75% Series A preferred unit holders of record as of the close of the business on 8 Nov. 2021.

AFRICA

Ghana

TotalEnergies extended the contract for the Maersk Voyager in Angola for Ondjaba-1, to be drilled at a record water depth of 3,628m. The Voyager is scheduled to next move to Namibia for the Venus well, the French energy giant said on social media.

RELATED STORY: MAERSK DRILLING INKS CONTRACT EXTENSION IN ANGOLA

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

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