Latin America and the Caribbean Archives - Page 108 of 222

Eco Atlantic Reveals Investment In Guyana

(Eco Atlantic, 28.Jun.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) closed a transaction with JHI Associates Inc., a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the ‘Transaction’) and to appoint Keith Hill, […]

Petrobras On Divestment Of Interest In Deten

(Petrobras, 28.Jun.2021) — Petrobras, following up on the release disclosed on 2 June 2021, related to the sale of its 27.88% interest in Deten Química S.A., postponed to 8 July 2021 the deadline to execute the Confidentiality Agreement and the Compliance Certificate and grant access to the Confidential Information Memorandum […]

Petrobras Starts Contracting For Hydrotreatment Unit

(Petrobras, 28.Jun.2021) — Petrobras started an international bidding process, in EPC (engineering, procurement and construction) mode, for the implementation of a new diesel hydrotreatment unit and the necessary auxiliary systems, aiming at adapting and modernizing the refining park at the Paulínia Refinery (REPLAN). With this project, REPLAN will be able […]

KBR Inks FCC Deal With Raízen Argentina

(KBR, 28.Jun.2021) — KBR (NYSE: KBR) has been awarded a contract by Raízen Argentina for modernizing the Fluid Catalytic Cracking (FCC) unit at its Buenos Aires Refinery. Under the terms of the contract, KBR will provide a basic engineering package for the FCC New Configuration Project. KBR will offer its […]

Vista, Trafigura To Accelerate Vaca Muerta Development

(Vista Oil, 28.Jun.2021) — Vista Oil & Gas and Trafigura Argentina signed a joint investment agreement for the development of 20 oil wells in the Bajada del Palo Oeste block. This joint investment of approximately $250mn represents an important capital investment in Vaca Muerta Shale which is located in the […]

Brazil A Complex Place To Do Business

(TMF Group, 28.Jun.2021) — The comprehensive report by TMF Group, a leading professional services firm, analyses rules, regulations, tax rates, penalties and compliance issues across 77 jurisdictions, accounting for 92% of the world’s total GDP and 95% of net global FDI flows. 292 indicators are tracked annually, offering data on […]

Ecuador Begins Crude Exports In Larger Vessels

(Reuters, 28.Jun.2021) — Ecuador for the first time on Monday exported a cargo of one of its flagship crudes, Oriente, aboard a very large crude carrier (VLCC), following an upgrade to a terminal that the South American country hopes will help it boost exports to Asia. The shipment of 1.08 […]

Crewmembers Killed In Guyana When Vessel Explodes

(AP, 27.Jun.2021) — Three crewmen were killed in Guyana when a vessel used to transport fuel exploded at a pier, police said. A police statement said security personnel heard a loud explosion late Saturday at the pier south of Georgetown and found a raging fire. The bodies of the three […]

TotalEnergies In Two New Exploration Licenses In Suriname

(TotalEnergies, 25.Jun.2021) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated […]

Petrobras On Technip Group Leniency Deal

(Petrobras, 25.Jun.2021) — Petrobras, following up on the release disclosed on 26 June 2020, informs that it received the third, and last, installment, in the amount of R$271.1mn, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first […]

Vista Sales Interest In Coirón Amargo Sur Oeste

(Vista Oil, 25.Jun.2021) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) announced its subsidiary Vista Oil & Gas Argentina S.A.U. sold its 10% working interest in the joint venture agreement over the Coirón Amargo Sur Oeste (CASO) concession to Shell Argentina S.A., a subsidiary of Royal […]

US-EU-Canada Issue Joint Statement On Venezuela

(US State Department, 25.Jun.2021) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, and Canadian Minister of Foreign Affairs Marc Garneau. Begin text: We remain deeply concerned about the ongoing crisis in Venezuela and […]

Argentina Lithium Appoints New Director

(Argentina Lithium, 24.Jun.2021) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) appointed Dr. John Gammon to its board of directors. Dr. Gammon has 40 years of experience in mineral exploration and management, including international positions with Falconbridge, Assistant Deputy Minister Mines and Minerals with the Government […]

Golden Arrow Expands Tenements At Rosales Project In Chile

(Golden Arrow, 24.Jun.2021) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reported that the Transient Electromagnetic (TEM) surface geophysical survey at the Rosales Copper Project has identified large, near-surface conductive anomaly targets and prompted the Company to plan its first drill campaign at the project. Furthermore, based on the results […]

Looming Venezuela Talks Whet Investor Appetite

(Argus, 24.Jun.2021) — Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections on 21 November, cooperation to address the Covid-19 pandemic and broader power-sharing […]

Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition

(Ecopetrol, 24.Jun.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit (MHCP) on 12 February 2021, in connection with Ecopetrol’s potential acquisition of MHCP’s 51.4% stake in Interconexión Eléctrica S.A. (ISA), has been extended until 31 August 2021. The […]

Suriname’s Oil Boom Keeps Getting Hotter

(Oilprice.com, 23.Jun.2021) — The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst of a massive drilling boom that has seen a swathe of major oil discoveries over the last six years. While most of those finds […]

Touchstone Announces Ten-year Lease Operatorship Deals

(Touchstone, 22.Jun.2021) — Touchstone Exploration Inc. executed a ten-year Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited for its CO-1, CO-2, WD-4 and WD-8 Blocks effective 1 January 2021. The LOAs governing our core legacy oil producing properties expire 31 December 2030 and were renewed under substantially similar terms […]

Uncertainties In Venezuela Around Arrival Of More Iranian Gasoline

(Energy Analytics Institute, 22.Jun.2021) — Venezuelan economist José Toro Hardy said it was unclear when additional Iranian tankers carrying gasoline would reach the South American country’s coasts. Venezuela could encounter another diesel shortage in coming months; hence, reason Hardy said it was urgent to try to prepare for the shortage […]

Gasnorp Starts Early Ops In Peru’s Piura Region

(Open International, 21.Jun.2021) — Gasnorp, a subsidiary of Promigas, undertook the challenge of deploying its distribution operations in the provinces of Piura, Talara, Sullana, Paita and Sechura, which will benefit nearly 260,000 inhabitants with an efficient, safe, and environmentally friendly service. This deployment will be supported by Open Smartflex, Open […]

Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned

(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to imagine life without it. But go see Tareck El Aissami, the oil minister, and you’ll find out something magical is about to happen. In weeks, […]

Petrobras On LNG Regasification Terminal Leasing

(Petrobras, 21.Jun.2021) — Petrobras, following up on the releases disclosed on 1 October 2021 and 16 April 2021 informs that on 14 June 2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with […]

Frontera Closes Offering Of 7.875% Notes

(Energy Analytics Institute, 21.Jun.2021) — Frontera Energy Corporation completed its offering of $400mn in senior unsecured notes due 2028 at a coupon rate of 7.875%. Frontera used some proceeds from the offering to repurchase, at a premium, the company’s $350mn 9.7% senior secured notes due 2023 pursuant to a tender […]

TotalEnergies, QP Win Exploration Blocks Off Suriname

(Argus, 20.Jun.2021) — A consortium of TotalEnergies and Qatar’s state-owned QP have won two offshore exploration blocks in Suriname following the South American state’s latest bid round launched in November. TotalEnergies, formerly Total, will leads the consortium with a 40pc stake, alongside QP with 20pc. Suriname’s state-owned Staatsolie will hold […]

US Rejects Maduro’s Call For Biden To Lift Venezuela Sanctions

(Bloomberg, 20.Jun.2021) — President Joe Biden’s administration rejected Nicolas Maduro’s call for relief from U.S. sanctions, saying the Venezuelan leader needs to do more toward restoring democracy before penalties would be lifted. Maduro, a target of crippling U.S. sanctions under former President Donald Trump, reached out to Biden in an […]

Qatar Petroleum Enters Suriname’s Block 6 And Block 8

(Qatar Petroleum, 19.Jun.2021) – A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the recent Suriname offshore bid round. The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie. A consortium comprising of Qatar […]

GeoPark Comments On Letter From Former Chair

(GeoPark, 18.Jun.2021) — GeoPark Limited (NYSE: GPRK) issued the following statement in response to the letter sent to the Board by its former Chair Gerald O’Shaughnessy: “Since GeoPark’s inception, we have always worked to ensure we have the skills, capabilities and necessary tools to become the leading independent E&P Company […]

GeoPark’s O’Shaughnessy Issues Open Letter To BODs

(GeoPark, 18.Jun.2021) — Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (NYSE: GPRK) issued an open letter to the Board of Directors of GeoPark. The full text of the letter follows: 18 June 2021 Dear Members of the Board: I am writing you now because […]

Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures

(S&P Global, 18.Jun.2021) — After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether to offer Venezuela limited sanctions relief or more, amid calls from the left in Congress for humanitarian relief. An easing of some sanctions would only […]

Brazil May Gas Production Up From Year, Month Prior

(Argus, 18.Jun.2021) — Brazilian natural gas production in May rose by nearly 18pc from a year earlier and by more than 2pc from the prior month. Output reached 134mn m³/d (4.75 Bcf/d) in May, preliminary data from Brazil’s oil and gas regulator ANP shows. The country’s record production level set […]

Venezuela President Maduro Talks Sanctions, Economy: Transcript

(Bloomberg, 18.Jun.2021) — Venezuelan President Nicolas Maduro spoke to Bloomberg TV’s Erik Schatzker in an exclusive interview in Caracas at the Miraflores presidential palace. The comments have been translated from Spanish. Q: Venezuela, a country of extraordinary resources and a rich history, has been a relevant player in global dialogue […]

IOCs Take Three Suriname Shallow Offshore Blocks

(Staatsolie, 18.Jun.2021) — Staatsolie Maatschappij Suriname N.V. (Staatsolie) announces that after evaluation of all received bids in the SHO Bid Round 2020/2021, the following companies have submitted the most favorable bids for the relevant Blocks: Chevron Exploration Suriname Limited for Block 5, and the consortium consisting of TotalEnergies and Qatar […]

bpTT’s Fitzpatrick At The Climate Change Symposium

(bpTT, 17.Jun.2021) — bpTT’s Claire Fitzpatrick spoke at the Climate Change Symposium held on 14 June 2021. What follows is her full speech. Carbon Commitments and the Future for the Energy Sector Honourable Bridgid Annisette-George, MP Speaker of the House, Trinidad and Tobago Parliament Members of Parliament of Trinidad and […]

Sagicor Group Jamaica Finances Leaseback

(Sagicor, 17.Jun.2021) — Sagicor Group Jamaica will be structuring a $285mn sale and leaseback of the combined heat and power plant in Clarendon owned by New Fortress Energy Inc. (NASDAQ: NFE). The transaction will be the largest corporate financing in Jamaica’s history. As anchor investors in the transaction, Sagicor Group […]

Peru’s Copper Industry At Risk As New Administration Takes The Wheel

(Mining.com, 14.Jun.2021) — Peru, the world’s second-largest copper-producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted. According to the latest update, at 06:21 am ET, Castillo had about 50.2% of the vote, […]

Colombia’s UPME Extends Investor Selection Deadline For LNG Terminal

(Energy Analytics Institute, 11.Jun.2021) — Colombia’s Energy Mining Planning Unit, or UPME, announced that the investor selection process related to a second liquefied natural gas (LNG) import terminal would take place in October 2021, three months later than originally planned. The presentation of bid envelopes for the project, to be […]

B2Gold Declares Dividend Of $0.04/Share

(B2Gold Corp. 11.Jun.2021) — B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) announced that its Board of Directors declared a cash dividend for the second quarter of 2021 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on June 30, 2021, to shareholders of record as of 22 June 2021. All […]

LatAm Briefs: Suriname Event, Iran-Venezuela Dealings

(Energy Analytics Institute, 11.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Suriname oil summit tagging entrepreneurship, investor friendliness as key priorities, and Iranian warship that could take in millions of gallons of fuel to Venezuela Suriname Summit Tags Entrepreneurship, Investor Friendliness As Key Priorities Suriname’s political […]

Guyana-Suriname Basin: Rising From Obscurity To Become A Super Potential

(Endeavor Management, 11.Jun.2021) — The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production. Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas. Like […]

Petrobras Inks Deal For The 8th Búzios Unit

(Petrobras, 11.Jun.2021) — Petrobras signed a contract with the joint venture formed by Saipem and DSME in the amount of $2.3bn for the supply of P-79, the eighth unit to be installed in Búzios field, in the Santos Basin pre-salt area. With capacity to process 180,000 barrels of oil per […]

Petrobras Reveals Final Results And Settlement Of Cash Tender Offers

(Petrobras, 11.Jun.2021) — Petrobras (NYSE: PBR) announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and […]

Petrobras Inks Búzios Coparticipation Deal

(Petrobras, 11.Jun.2021) — Petrobras signed with Présal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of […]

PDVSA’s Cardón refinery producing between 40,000-50,000 b/d

CARACAS, VENEZUELA (By Energy Analytics Institute, 10.Jun.2021, Words: 90) — The Cardón refinery operated by state-controlled Petroleos de Venezuela (PDVSA) in Punto Fijo, Venezuela is currently processing between 40,000-50,000 barrels per day of gasoline compared to demand of around 80,000 b/d. Cardón is the PDVSA’s only operating refinery, the daily […]

Participant Energy Announces Construction Of Solar System In Honduras

(Participant Energy, 10.Jun.2021) — Participant Energy announces the commencement of construction on a 14.7 MW solar array in Honduras. The client, Green Valley Industrial Park, located near San Pedro Sula, is a world-class industrial facility with multinational clients such as Lear Corporation, Simtex, and Gildan Textiles. Participant Energy, a renewable […]

Colombia’s Oil and Gas Industry Revival [Request Free Webinar]

(Energy Analytics Institute, 10.Jun.2021) — Vostock Capital team offers the possibility to watch Opening Session of the Colombia Oil and Gas 2020. Request Free Webinar Here Among the session participants: — Miguel Lotero, Vice Minister of Energy and Mines, Ministry of Energy and Mines Colombia, Topic of the presentation: Perspectives […]

Petrobras Clarifies Doubts Around Sale Of Petrobras Distribuidora Stake

(Petrobras, 10.Jun.2021) — Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 26 August 2020, the company’s Board of Directors approved, on that date, the mentioned operation, […]

Colombia Oil And Gas 2021: 21-25 June

(Energy Analytics Institute, 9.Jun.2021) — This years “Colombia Oil And Gas 2021” event is right around the corner and will consist of a business congress and one-to-one meetings. Online Business Congress and 1-2-1 meetings Colombia Oil and Gas is an international, professional platform, bringing together flagship oil and gas companies […]

Petrobras On Sapinhoá Seismic Acquisition

(Petrobras, 9.Jun.2021) — Petrobras will start on 13 June 2021 the first of the two seismic acquisitions of the Sapinhoá field monitoring project, in the pre-salt of the Santos Basin. Seismic acquisition is an important tool for managing the deposit (reservoirs) and optimizing production systems, seeking to maximize the value […]

Hess Reports Discovery At Longtail-3, Offshore Guyana

(Hess, 9.Jun.2021) — Hess Corporation (NYSE: HES) announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately […]

Petrobras On RLAM Divestment

(Petrobras, 9.Jun.2021) — Petrobras, following up on the release disclosed on 24 March 2021, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the sale of Landulpho Alves Refinery (RLAM) to Mubadala Capital. The transaction is still subject to the elapse of […]