(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its […]
Category: Latin America and the Caribbean
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 […]
Bolivian Govt Expects $90 Mln Return from New Gas Well
(Efe, 30.Apr.2018) – A new natural gas well that began production Monday in the southern region of Tarija is expected to contribute $90 million to […]
Bolivia, Denmark Invest $193.9 Mln in Santa Cruz Projects
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Bolivia and Denmark plan to invest $193.9 million on wind complexes in Warnes, San Julián and El Dorado […]
Venezuela Never Closed Its Doors on T&T Nationals: Lawmaker Says
(Energy Analytics Institute, Ian Silverman, 30.Apr.2018) – Venezuelan lawmaker José Brito wrote in a Twitter post that the OPEC country never closed its doors to […]
Hess Acquires Interest in New Acreage Offshore Guyana
(World Oil, 30.Apr.2018) – Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production […]
Exxon Mobil: Second Well has no Commercial Quantities of Oil
(Asianet-Pakistan, 28.Apr.2018) – ‘Unfortunately, the well did not encounter commercial quantities of hydrocarbons. Exploration wells come with a certain amount of risk and this is […]
Pemex Turns $6 Bln Profit On Oil Prices
(Reuters, 27.Apr.2018) – Mexican state-run oil company Pemex said on Friday its net profit rose 29 percent in the first quarter compared with the year-earlier […]
ConocoPhillips’s Chilean Interests
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Chile in the Coiron Block in the Magallanes Basin, the company reported in a […]
ConocoPhillips’s Interest in Colombia
(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Colombia in the Middle Magdalena Basin at VMM-3 and VMM-2, where it serves as […]
Favorable Terms To Help Guyana Prove Potential
(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries […]
Golar Power Closing on 1.5GW Sergipe Power Project
(Golar LNG, 19.Apr.2018) — Golar LNG Limited announce that Golar Power Limited, a joint venture with Stonepeak Infrastructure Partners, has reached financial closing on the […]
Ghana Trade Mission Breakfast: Claxton Bay, Trinidad
(The Energy Chamber of Trinidad and Tobago, 19.Apr.2018) – The Sekondi Takoradi Chamber of Industry and Commerce and the Ghana National Petroleum Corporation (GNPC) will […]
EPM Installs Colombia’s ‘First’ Floating PV Project
(PV-Tech, Tom Kenning, 18.Apr.2018) – Colombian utility EPM has installed what it claims to be the country’s first floating solar plant, standing at 100kW at […]
Colombia March Crude Output up 6.5% vs Year Ago
(Reuters, 17.Apr.2018) – Crude oil production in Colombia reached an average of 856,478 barrels per day (bpd) in March, the Mines and Energy Ministry said […]
Total President Says Output At One Venezuela Field Down 33%
(Energy Analytics Institute, Piero Stewart, 22.Apr.2018) – Patrick Pouyanne, the Chief Executive Officer of French major Total, announced production at one of its oil fields […]
Ecopetrol Reports Highest Net Income in Last 4 Years
(Energy Analytics Institute, Jared Yamin, 15.Apr.2018) ‐- During the first three months of 2018, Ecopetrol reported its highest quarterly net income in the last four […]
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 […]
Colombia’s Attorney General to Investigate Ecopetrol Oil Spill
(Reuters, 3.Apr.2018) – Colombia’s attorney general’s office on Monday launched an investigation to determine whether officials from state-run oil company Ecopetrol could be held criminally […]
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 […]
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 […]
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 […]
Sapura, Partners Awarded Mexico’s Block 30
(Energy Analytics Institute, Ian Silverman, 1.Apr.2018) – The consortium, comprised of three companies, was awarded a block in the southeastern basin of the Gulf of […]
PDVSA Refining VP Blanco Visits Puerto La Cruz Refinery
(Energy Analytics Institute, 28.Mar.2018) – PDVSA Refining Vice President Guillermo Blanco visited the operational areas of Puerto La Cruz Refinery (RPLC), located in northern Anzoátegui […]
PetroChina, Rosneft Leave Venezuela Refining Projects
(Kallanish Energy, 28.Mar.2018) – Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and […]
Venezuela Tries To Pay Russian Debt With Cryptocurrency
(Tsvetana Paraskova, OilPrice.com, 28.Mar.2018) – If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have […]
Venezuela’s Refining Capacity Impresses But Utilization Tells Story
(Energy Analytics Institute, Pietro D. Pitts, 27.Mar.2018) – Venezuela’s PDVSA owns six domestic refineries with a combined processing capacity of 1,303 thousand barrels per day […]
Officials from Trinidad and Venezuela Discuss Gas Deals
(Energy Analytics Institute, Piero Stewart, 27.Mar.2018) – Delegations from Trinidad and Tobago and Venezuela meet in Caracas to review progress related to gas agreements between […]
Mexico Awards Blocks In Final Oil Auction Before Election
(Reuters, David Alire Garcia & Marianna Parraga, 27.Mar.2018) — Mexico awarded just under half of the 35 shallow-water blocks it tendered on Tuesday, in an […]
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 […]
Pemex Signs Shale Contract With Lewis Energy
(Reuters, 26.Mar.2018) — Mexican state oil company Pemex said on Monday it had signed a contract with U.S. firm Lewis Energy for the exploration and […]
Expert Urges Faster Global Transition to Clean Energy
(Efe, 23.Mar.2018) – The world must accelerate its transition from a carbon-based to a clean energy-based economy to put the brakes on a climate catastrophe […]
Expert from UG Not Sanguine About ‘Up Front’ Cash
(Stabroek News, 23.Mar.2018) – “While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically […]
Guyana: The Oil Contract Debate
(By Lakhram Bhagirat and Leyland M. Lucas, Stabroek News, 23.Mar.2018) – In the late 1990s, Guyana signed an Oil and Gas exploration agreement with Exxon’s […]
PDVSA to Shut Three of Four Refineries Indefinitely: Platts
(Platts, 22.Mar.2018) – PDVSA is planning to close three of its four large refineries in Venezuela indefinitely due to of lack of crude to process […]
Jamaica, Venezuelan Officials Discuss Bilateral Issues
(Energy Analytics Institute, Piero Stewart, 22.Mar.2018) – Jamaica’s Foreign Minister Kamina Johnson-Smith and her Venezuelan counterpart Jorge Arreaza held a high-level bilateral meeting in Caracas […]
Oil Workers Protest at PDVSA HQs In Caracas
(Energy Analytics Institute, Piero Stewart, 22.Mar.2018) – Workers at PDVSA’s headquarters in Caracas, La Campiña, participated in protest today inside the company’s main building, reported […]
Can Solar Energy Speed Puerto Rico’s Recovery?
(PBS NewsHour, 20.Mar.2018) – Here’s what it would take Six months after Hurricane Maria, and whole towns in Puerto Rico still remain without power. Many think […]
PDVSA Lagunillas Site Fire Takes 12 Hours to Extinguish
(Energy Analytics Institute, Piero Stewart, 20.Mar.2018) – A fire reported Saturday 17 March 2018 at a PDVSA controlled petroleum site located in the Lagunillas sector […]
Pampa Energía Announces Settlement Agreement in Ecuador
(Pampa Energía S.A., 19.Mar.2018) – Pampa Energía S.A. announced that regarding the conflict that EcuadorTLC (a subsidiary company established in the Republic of Ecuador and […]
PDVSA Collective Contract Eliminates 8 Hour Shifts
(Energy Analytics Institute, Piero Stewart, 19.Mar.2018) – A new collective contract signed by PDVSA on 14 March 2018 eliminates 8 hour shifts and work lunch […]
Will Money from Guyana’s Oil Boom Get to the People
(CaribNation TV, 16.Mar.2018) – Guyana is poised to become the next big oil producer in the Western Hemisphere, attracting the attention and investment dollars of […]
Caribbean Of 2040: Vibrant Economies
The Caribbean Of 2040: vibrant economies where people are safe, productive, and happy, according to a video by Inter-American Development Bank (IDB).
Process for Pemex Second Farm-Out Begins
(Pemex, 7.Mar.2017) – The approval of the bidding process for the selection of a partner for the exploration and extraction of the Ayin and Batsil […]
Siemens Delivers Compressor Trains For Fermaca Pipeline In Mexico
(Siemens, 7.Mar.2018) — Siemens recently delivered five gas turbine-driven compressor trains to Fermaca Enterprises (Fermaca) for two pipeline stations in Mexico. The pipeline projects, which […]
Dominican Republic to Join Caribbean Energy Rush
(Bloomberg, Ezra Fieser, 5.Mar.2018) – The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the […]
CGX Energy Appoints Engineer For Corentyne Well in Guyana
(CGX, 2.Mar.2018) – CGX Energy Inc. announced appointment of Drilling Engineer Michael (Mike) P. Stockinger as Project Operations Manager, who will be in charge of […]
ExxonMobil Announces Seventh Oil Discovery Offshore Guyana
(Exxon Mobil, 28.Feb.2018) – Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 […]
Guyana Basin Exploration to Ramp: Wood Mackenzie Says
(Energy Analytics Institute, Ian Silverman, 28.Feb.2018) – The Liza discovery was the largest oil discovery in 2015 and has significantly de-risked the Cretaceous Tertiary play, […]
Barbados: Energy Boost
(Barbados Today, Luova Labs, 20.Feb.2018) – Government’s spokesman on energy Senator Darcy Boyce has said that independent producers of renewable energy would likely be able […]
Guyana Is About to Open Up Pandora’s Barrel
(Mac Margolis, 16.Feb.2018) – Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income […]
Power Auction Victory Promises A Change In Power
(MHPS, 14.Feb.2018) — Mitsubishi Hitachi Power Systems (MHPS) celebrated its first win in Brazil for the technical selection of its M501 JAC Gas Turbine for […]
Mexico In Full Swing
(Petroleum Economist, Aldo Flores-Quiroga, 8.Feb.2018) — Mexico’s oil and gas industry will be completely open to private investment by end-2018. For the first time in […]
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 […]
Vaca Muerta Megaproject – A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) — Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen […]
Total Enters Prolific Guyana Basin With Three Licences
(Total, 5.Feb.2018) — Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements […]
Petroteq Energy, Pemex Ink Deal
(Energy Analytics Institute, Jared Yamin, 1.Feb.2018) – In January Petroteq Energy Inc. reached an agreement with Mexico’s state-owned oil entity Pemex. Through its Petrobloq subsidiary, […]
Shell Made Mistake Pulling Out of Guyana basin
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) — Now that Guyana’s oil and gas basin has been deemed as one of the hottest and most exciting prospects in […]
Mexico Tops BP Growth Plans
(Reuters, Jessica Resnick-Ault, 17.Jan.2018) – BP is expanding its retail presence with plans to open 3,000 branded retail stations globally in the next five years, […]
CGX Announces Resignation of its Chief Executive Officer
(CGX, 10.Jan.2018) – CGX Energy accepted Mr. Dewi Jones’ resignation as Chief Executive Officer of the company, effective January 8, 2018. “The xompany would like […]
ExxonMobil Announces Sixth Oil Discovery Offshore Guyana
(Exxon Mobil, 5.Jan.2018) – Exxon Mobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The […]
Trinidad – Upstream Activity Snapshot in 2018
(Kevin Ramnarine, Strategic Energy Adviser). Former Minister of Energy. Business School Lecturer. International Speaker, 3.Jan.2018) – This is a summary of upstream activity for Trinidad […]
Repsol Starts Gas Production at the Sagari Field in Peru
(Repsol, 27.Dec.2017) – Repsol has begun gas production from the Sagari field, located in block 57 in the Cusco region of Peru, reinforcing the company´s […]
Bolivia Seeks Investors to Power Up Lagging Lithium Output
(Reuters, Alexandra Alper, 27.Dec.2017) — Bolivia hopes surging global lithium demand can lure foreign investors to the country where nearly a decade of state-led development […]
Bolivia Seeks Investors To Power Up Lagging Lithium Output
(Reuters, Alexandra Alper, 27.Dec.2017) — Bolivia hopes surging global lithium demand can lure foreign investors to the country where nearly a decade of state-led development […]
Total Enters Product Retail Sector In Mexico
(Total, 10.Dec.2017) — Total has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service […]
New Fortress Energy to Invest $1 Bln in Jamaica
(New Fortress Energy, 5.Dec.2017) – Having committed to investing some US$1 billion (J$126 billion) in Jamaica over the next several years, United States-based company, New […]
Costa Rica Generated Renewable Energy for 300 Days
(Independent, Tom Embury-Dennis, 22.Nov.2017) – Costa Rica’s electricity has been produced entirely using renewable energy for 300 days since the start of January. With more […]
Baron Oil On Decision To Relinquish Peru Block Z-34
(Baron Oil plc, 10.Nov.2017) — Baron Oil PLC announces that at an Operating Committee Meeting in Lima on 9 November 2017 those parties entitled to […]
Uruguay: Some Background On Oil Exploration
(Schuepbach Energy Uruguay – SEU, 30.Oct.2017) — The Norte Basin is part of a huge sedimentary basin called Paraná Basin in Brazil and Paraguay, and […]