(Energy Analytics Institute, 8.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 8 Nov. 2024.
—Argentina: YPF execs. met in Buenos Aires w/ the Chancellor of Hungry to discuss the Argentina LNG project.
—Ecuador: Ecuador is looking to acquire 195MW from private cos. in Colombia owing to low water levels at the Mazar dam.
—Ecuador: Rationing will be implemented across the entirety of the electric sector from 10-14 Nov. 2024.
—Guyana: Noble reportedly has 4.8 add’l rig yrs of backlog awarded to Tom Madden, Sam Croft, Don Taylor, and Bob Douglas under the CEA w/ ExxonMobil.
—Mexico: Pemex and the Mexican Petroleum Institute (IMP) inked a collaboration deal to strengthen energy sovereignty and national security as well as pushing technological developments and investigation.
—Mexico: CFE eyes investments of $23.5bn between 2024-2030.
—Mexico: CFE will be responsible for 54% of Mexico’s electric generation, while private cos. will be responsible for the remaining 46%.
—Suriname: APA Corp. entered the development phase on the large-scale oil GranMorgu project in blk 58 and is eying add’l exploration opportunities.
—Uruguay: APA Corp. is not planning any drilling offshore in 2025.
ET AL.
—UK: Noble‘s Ocean Endeavor rec’d a 130-day extension w/ Shell in the UK North Sea … Mar.-Jul. 2025
—US: US LNG developers waiting on permits for new export projects have renewed confidence US president-elect Donald Trump will ease the way for their multi-bn-dollar expansion plans.
—US: W/ a return of Donald Trump to the White House, the LatAm country likely to benefit most is primarily Argentina, while those to potentially come out on the losing side include Brazil, Colombia, Mexico, and Venezuela, among the big oil and gas producing regions.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved. More online at www.Energy-Analytics-Institute.org
