(Pampa Energía S.A., 13.Aug.2018) – Pampa Energía S.A. reported results for the six-month period and quarter ended on June 30, 2018. All figures are stated in Argentine Pesos and have been prepared in accordance with International Financial Reporting Standards. Main Results for the First Semester of 2018 (1) In order […]
Category: Argentina
Argentina energy
Mexico’s CNH to Speak at EnerCom Conference
(Energy Analytics Institute, Jared Yamin, 9.Aug2018) – The 23rd annual EnerCom conference will take place in the Denver Downtown Westin Hotel on Aug. 19-22, 2018. Companies with exposure to Latin America that will participate in special panels during the event include the following: Oil & Gas in Mexico Panel — […]
Shell Offers 1H:18 LatAm Updates
(Energy Analytics Institute, Jared Yamin, 1.Aug.2018) – Royal Dutch Shell plc announced the following updates during the first half of 2018. Mexico In the deep-water bid round in Mexico in January for the Gulf of Mexico, Shell won four exploration blocks on its own, four with its partner Qatar Petroleum […]
Pampa Energía Reports on Deferral of Edenor Dealings
(Pampa Energía S.A., 31.Jul.2018) – Pampa Energía S.A. announced its electricity distribution subsidiary Empresa Distribuidora y Comercializadora Norte (‘Edenor’) agreed with the Ministry of Energy to differ 50% of the Own Distribution Cost (‘CPD’) variation adjustment set forth under the Concession Agreement corresponding to the semester February-August 2018, to be […]
Trafigura Seeks to End Ricardo Eliçabe Conflict
(Energy Analytics Institute, Ian Silverman, 28.Jul.2018) – Negotiations continue to advance to overcome a labor related conflict at the Ricardo Eliçabe refinery in Bahía Blanca. The refinery, acquired last May by the Dutch group Trafigura, has been paralyzed for almost two months, reported the daily newspaper Clarin. The labor conflict […]
Advantage Lithium Closes Financing
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – Advantage Lithium Corp. closes private placement. In the process, the company issued 15,585,956 common shares for aggregate gross proceeds to Advantage Lithium of C$12,001,186. Pursuant to an agency agreement, Advantage Lithium will pay a cash commission of 6% on a portion of the […]
Bolivia To Start Work on Transmission Line to Argentina
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) – In two or three weeks, Bolivia expects to start work on an electrical transmission line that will allow it to export energy to Argentina. The lines could be finished in 2019 and allow the small land-locked country to export between 80 and 120 […]
Frontera Provides Notice of 2Q:18 Conference Call
(Frontera Energy Corporation, 19.Jul.2018) – Frontera Energy Corporation announces that its second quarter 2018 results will be released after market on Thursday, August 2, 2018 followed by a conference call and webcast for investors and analysts on Friday, August 3, 2018 at 8:00 a.m. (MDT), 9:00 a.m. (GMT-5) and 10:00 […]
Argentina Gas Auctions to Begin in August
(Reuters, 19.Jul.2018) – Argentina’s electricity generators will be able to begin bidding for their natural gas supply beginning in August, President Mauricio Macri said, as the country gradually moves away from controls on energy markets. The change comes as rising output in the Vaca Muerta shale play moves the country […]
Advantage Lithium Arranges $12 Mln Private Placement
(Energy Analytics Institute, Jared Yamin, 18.Jul.2018) – Vancouver, British Columbia-based Advantage Lithium Corp. arranged a private placement of 15,585,000 common shares of Advantage Lithium at a price of $0.77 per Common Share for gross proceeds of $12,000,450. “We are pleased to be adding prominent institutional investors to our shareholder registry […]
YPF to Sell Bonds Ending 2-Mth Debt Drought
(Bloomberg, Pablo Rosendo Gonzalez, 18.Jul.2018) – Argentine’s state-controlled oil company YPF SA has asked banks to submit proposals for a bond sale in the second half of the year to fund an aggressive growth plan for its power unit. YPF Energia Electrica SA will try to sell at least $500 […]
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for Latin America and the Caribbean or CEPAL by its Spanish acronym. The details were revealed in CEPAL’s annual report titled […]
Bolivia, Argentina to Meet Over Gas Volumes
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – The Bolivian government is still analyzing Argentina’s request to increase natural gas export volumes during the winter season and reduce them in summer. Meetings between officials from Bolivia and Argentina are expected in coming weeks to discuss the proposals, reported the daily newspaper […]
Argentina Affirms Liberalization Of Fuels Market
(Institute of the Americas, Jeremy Martin, 11.Jul.2018) – Directly answering a question during an interview in a local media program about the issue of fuels market and pricing, newly-installed Energy Minister Javier Iguacel said: “There is no restriction. There is a free market.” The statement, on its face, does not […]
Pampa Reaches 35-Year Deal in Sierra Chata Block
(Pampa Energía S.A., 10.Jul.2018) – Pampa Energía S.A. announced an Investment Agreement was executed with the Neuquén province, which will grant a new 35-year concession for unconventional hydrocarbon exploitation at the Sierra Chata block (the ‘Block’), aiming at the development of unconventional shale and tight gas in the Vaca Muerta […]
Echo Says Completes Drilling CSo-2001(d) Well
(Echo Energy plc, 9.Jul.2018) – Echo Energy plc successfully completed drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite. The CSo-2001(d) well, located in the Fracción D licence operated by Compañia General de Combustibles S.A. (CGC), reached a total depth […]
Echo Announces Mobilization of Well Testing
(Echo Energy plc, 6.Jul.2018) – Echo Energy plc announces mobilisation of the Quintana 01 testing / completion rig to the Fracción C, Fracción D and LLC assets (onshore Argentina and operated by Compañia General de Combustibles S.A. (CGC) in joint venture with Echo) is scheduled to commence during the week […]
PentaNova, YPF Discuss Llancanelo Issues
(PentaNova Energy Corp., 3.Jul.2018) – PentaNova has been attempting to negotiate a payment plan for cash call balances with YPF without success to date. As part of the various Argentina acquisitions completed by PentaNova in August and October 2017 relating to the Llancanelo heavy oil asset, the company, through its […]
Free Oil Market to Reign in Argentina
(Bloomberg, 2.Jul.2018) – Argentina’s move to a free market for energy prices remains on track. A recent decision to cap crude oil prices and limit fuel price gains in order to stem inflation was an outlier, according to Javier Iguacel, the nation’s new energy minister. Restricting crude price increases only […]
Argentina to Free Retail Fuel Prices
(Reuters, Luc Cohen, 1.Jul.2018) – Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation’s oil patch but risks worsening sky-high inflation and angering consumers. Separately, […]
PentaNova Board Member Resigns
(PentaNova Energy Corp., 27.Jun.2018) – PentaNova Energy Corp. announced that Ms. Susannah Pierce, who joined the board in 2017, resigned from the company’s Board of Directors on June 21, 2018 due to increasing personal and professional commitments. At the time of Ms. Pierce’s resignation, she served on the Board’s Audit […]
Oil Potential in Argentina’s Tobifera Formation
(Energy Analytics Institute, Jared Yamin, 26.Jun.2018) – Echo Energy plc announced a significant light oil column has been interpreted in its third well, onshore Argentina. The EMS-1001 well, located in the Fraccíon C licence operated by Compañía General de Combustibles S.A. (CGC), reached a total depth of 2460m in the […]
Argentina Gears Up For Offshore Licensing Round
(E&Pmag, Brunno Braga, 25.Jun.2018) — Argentina is working to increase its attractiveness in the energy sector in a region where other countries such as Brazil, Guyana and Mexico have lured investment from major oil companies. The South American country is about to launch its first round of offshore licensing after […]
Macri’s Reverse Unnerves Shale Investors
(Financial Times, Benedict Mander, 25.Jun.2018) – The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the world’s largest deposits of shale oil and gas. In his drive to liberalise Argentina’s energy markets, President Mauricio Macri […]
Argentine Minister, Gas Distributors Hold Meetings
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Argentina’s recently appointed Energy Minister Javier Iguacel conducted meetings with executives from gas distributors and transporters in the Southern Cone country to discuss some important issues. The meetings come at a crucial time as many companies in the Argentine gas sector face problems […]
Newsan, Vestas to Invest in Wind Turbines
(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2018) – Newsan Group and Vestas have earmarked investments of $22.4 million in Argentina. Newsan Group, an Argentina producer of domestic appliances and the country’s largest shrimp exporter, and Danish giant Vestas, plan the investments to manufacture wind turbines and the gondolas that house them […]
China Generates Energy, Controversy in Argentina
(Inter Press Service, Daniel Gutman, 22.Jun.2018) – As in other Latin American countries, in recent years China has been a strong investor in Argentina. The environmental impact and economic benefits of this phenomenon, however, are a subject of discussion among local stakeholders. One of the key areas is energy. A […]
Argentina Resurrects Oil Intervention Panic
(Bloomberg, Jonathan Gilbert, 22. Jun.2018) – Javier Iguacel has left the road for the oilfield, and that may mean a complete about-face on Argentine energy policies. Iguacel, who’d led Argentina’s national road agency since January 2016, was sworn in Thursday as the nation’s energy minister at a time when his […]
Argentina Inaugurates Energy, Production Ministers
(Xinhua, 22.Jun.2018) – Argentinian President Mauricio Macri oversaw the inaugurations of Energy Minister Javier Iguacel and Production Minister Dante Sica on Thursday during a ceremony at the government’s headquarters. Macri expressed his gratitude to the outgoing Energy Minister, Juan Aranguren and outgoing Production Minister, Francisco Cabrera, for the “important contributions” […]
Echo Energy Reports 2nd Price Extension
(Energy Analytics Institute, Ian Silverman, 21.Jun.2018) – A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes, announced Echo Energy in an official statement. “Following the first price monitoring extension this security would […]
Argentina to Replace Energy and Production Ministers
(Reuters, Maximilian Heath, 17.Jun.2018) – Argentina´s government said on Saturday that it would replace its energy and production ministers, just two days after the resignation of former Central Bank President Federico Sturzenegger. The shake-up follows several tumultuous weeks for the government of the center-right President Mauricio Macri, with extreme currency […]
Rick Perry Wants Argentina be More Like Texas
(Bloomberg, 17.Jun.2018) – The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home. Energy Secretary Rick Perry will help Argentina connect with U.S. companies that have shale oil and gas expertise as President Mauricio Macri — facing a natural gas trade deficit — hurries […]
ENAP to Invest $354 Mln in Project in Argentina
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Chile’s ENAP plans investments of $354 million in a project located in the eastern mouth of the Strait of Magellan, on the Argentine side. The company plans the investments in its Magallanes Area Incremental Project (PIAM) project, which has potential to substantially increase […]
G20 Energy Ministers Official Communiqué
(G20.org, 15.Jun.2018) — We, the G20 Energy Ministers, met in San Carlos de Bariloche (Argentina) , on 15 June , 2018, to promote the role of energy in promoting fair and sustainable development, building upon the in valuable outcomes of the previous Presidencies and Ministerial Meetings. We recognise the crucial […]
G20 Energy Heads Gather in Argentina
(Xinhua, 14.Jun.2018) – Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering in Argentina’s southwestern city of Bariloche is part of the fourth ministerial meeting of the G20 group of developed and emerging economies, which Argentina currently […]
Argentina to Export Natural Gas to Chile by YE:18
(Reuters, Luc Cohen, 14.Jun.2018) – Argentina will begin exporting natural gas to neighboring Chile before the end of the year, the energy ministers of both countries said on Thursday, as output from the Vaca Muerta shale field rises. The two South American countries had previously signed deals allowing for the […]
G20 Holds Energy Conference in Argentina
(Efe, 13.Jun.2018) – Energy sector representatives from the G20 countries are attending on Wednesday this year’s second meeting in Argentina to address the energy transition. Access to electricity in Latin America and the Caribbean, access to information about the energy sector and the use of subsidies to promote new energy […]
Pampa Reaches 35-Year Extension in El Mangrullo Block
(Pampa Energía S.A., 5.Jun.2018) – Pampa Energía S.A. was granted a 35-year period extension to the operation of the El Mangrullo block for the development of unconventional gas (shale and tight), within the new exploitation license that Neuquén province granted to the Cutral Có and Plaza Huincul Inter-city Autonomous Body […]
Pampa Energía Inaugurates 1st Wind Farm
(Pampa Energía S.A., 24.May.2018) – Pampa Energía S.A. inaugurated its first Wind Farm named Engineer Mario Cebreiro (‘PEMC’), which given the technology and size, it is also the first project to reach such milestone under Renovar 1 program. The opening counted on the presence of President of Argentina Mauricio Macri, […]
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known as “NRG ED.” NRG ED is structured to work with K-12 schools, community colleges, four-year colleges and universities, workforce training programs, communities and businesses, and […]
President Energy Looks for Production When Chasing Deals
(Energy Analytics Institute, Ian Silverman, 17.May.2018) – The Finance Director of London-based President Energy plc, Rob Shepherd, made the comments during a televised interview with Proactive Investors about the company’s activities in Argentina and Paraguay. “We don’t need acquisitions to grow, there’s enough organic opportunities in what we’ve got to […]
Echo Energy Sees Favorable Investment Ops in Argentina
(Energy Analytics Institute, Ian Silverman, 1.May.2018) – “Argentina offers favourable investment opportunities in the upstream sector. A historical lack of investment means the country is now reliant on imported gas to feed its growing economy. The country is opening itself to foreign investment in a bid to replace reserves and […]
ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic activity in troubled Venezuela will contract 8.5% in 2018. Gross domestic product or (GDP) estimates for other important countries and […]
Chile and Argentina to Boost Gas, Oil Output
(Santiago Times, 6.Apr.2018) – The state-run energy firms of Chile and Argentina have inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America. The project, east of Magellan Strait, operated by Chile’s state-run ENAP in partnership with YPF, will boost production […]
TGS To Build Vaca Muerta Gas Pipeline, Conditioning Plant
(Reuters, 3.Apr.2018) — Argentine natural gas company Transportadora de Gas del Sur (TGS) will invest an initial $250 million on gas transportation infrastructure in 2018 and 2019 in the Vaca Muerta shale fields, the company said on Tuesday. TGS said in a filing it would build a 92-kilometer (57-mile) gathering […]
TGS to Invest $250 Mln in Infrastructure to Transport Vaca Muerta Gas Production
(Transportadora de Gas del Sur S.A., 3.Apr.2018) — Transportadora de Gas del Sur S.A. (TGS) executed an agreed minute with the Undersecretary of Energy, Mining and Hydrocarbons of the Province of Neuquén and Gas y Petróleo del Neuquén S.A. (GyP), whereby TGS is granted a concession to build and operate […]
Frontera Energy to Double Investment in Colombia, Peru
(Reuters, 2.Apr.2018) – Canada’s Frontera Energy Corp named a new chief executive on Monday, and said it plans to more than double its investment in operations in Colombia and Peru during 2018, to up to $500 million. Frontera will direct between $225 million and $240 million of investment to new […]
Argentina to Develop Tight Shale Oil, Gas
(OGJ, Nick Snow, 27.Mar.2018) — With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by continuing to improve government policies, speakers said during a Mar. 27 discussion at the Inter-American […]
Tecpetrol Opens Gas Treatment Plant in Vaca Muerta
(ARPEL, February 6, 2018) — Tecpetrol, an oil company of the Techint Group and member of ARPEL, opened a gas treatment plant located in the vicinity of Añelo, Neuquén, with Governor of the Province of Neuquén Omar Gutiérrez and Minister of Energy and Mines of Argentina Juan J. Aranguren. This […]