Latin America and the Caribbean Archives - Page 109 of 222

ExxonMobil Reports Another Discovery At Longtail-3 Offshore Guyana

(Exxon, 9.Jun.2021) — ExxonMobil made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. 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 two miles (3.5 kilometers) south […]

Petrobras On Divestment Of Route 1, 2 And 3 Gas Pipelines

(Petrobras, 9.Jun.2021) — Petrobras, regarding the piece of news published in the media about the divestment of the Routes 1, 2 and 3 gas pipelines, clarifies that it is untrue that the company has defined the sales model for these assets and the percentages to be sold. Petrobras, as part […]

TTEC 2021: Free Honeywell Workshop

(Energy Chamber, 9.Jun.2021) — You can still register for a sponsored workshop being hosted by Honeywell at the Trinidad and Tobago Energy Conference 2021. The workshop is free of charge and open to all members, non-members and all registered TTEC 2021 delegates. Workshop details: Theme: How Honeywell is addressing the industrial world’s new […]

GeoPark Names New Independent Director Fernanda Suarez, Independent Chair Gomez

(GeoPark, 8.Jun.2021) — GeoPark Limited announced the appointment of an independent chair and the nomination of a new independent member of the Board for election at the upcoming Annual General Meeting, to be held on 15 July 2021. These changes further strengthen the company’s governance profile and create a majority […]

bpTT’s Claire Fitzpatrick At TTEC

(bpTT, 8.Jun.2021) — bpTT’s Claire Fitzpatrick spoke at the Trinidad and Tobago Energy Conference. What follows is her full speech. Good morning. The future of the energy sector in Trinidad and Tobago is on everyone’s mind. If I were to sum up the challenge in one simple statement: There is a future, but […]

LatAm Briefs: Castillo Leads In Peru’s Latest Election Count, Ecopetrol Net Zero

(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Peruvian elections results now showing Free Peru (Politico Nacional Peru Libre) leftist candidate Pedro Castillo leading contender Keiko Fujimori, and Colombia’s state oil company Ecopetrol reiterating its net zero goals for 2050 Peru Elections Results […]

Trinidad Briefs: Bid Rounds, Energy Transition [PDF Downloads]

(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: keynote comments from the Trinidad and Tobago Energy Conference (TTEC) 2021 from Trinidad’s Energy and Energy Industries Minister Stuart R. Young and the country’s Prime Minister Keith Rowley. MEEI’s Young On Energy Transition, Bid Rounds […]

MPC Energy Invests In Energy Efficiency Through Cogeneration In Puerto Rico

(MPC Energy Solutions, 7.Jun.2021) — MPC Energy Solutions N.V. signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to a pharmaceutical company. This is MPC Energy Solutions’ […]

Frontera Commences Tender Offer For Its Outstanding 9.7% Senior Notes Due 2023

(Frontera, 7.Jun.2021) — Frontera Energy Corporation (TSX: FEC) is commencing a cash tender offer and consent solicitation for any and all of its outstanding 9.700% Senior Notes due 2023, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as […]

Trinidad Energy Minister Stuart Young On Gas Production, Atlantic LNG

(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Energy and Energy Industries Minister Stuart R. Young from his keynote speech done virtually during the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, natural gas production, and Atlantic LNG, among other topics. — “We intend […]

Trinidad PM Rowley On The Energy Transition, Green Hydrogen

(Energy Analytics Institute, 7.Jun.2021) — Highlights from Trinidad and Tobago’s Prime Minister Keith Rowley from his keynote speech done virtually as part of the Trinidad and Tobago Energy Conference (TTEC) 2021 and regarding the energy transition, the country’s natural gas, and green hydrogen, among other topics. — “For the Government […]

LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results

(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Westmount Energy Ltd. updating on its activities in Guyana-Suriname and Peru elections results showing Keiko Fujimori leading over Pedro Castillo. Westmount Updates On Activities In Guyana-Suriname [PDF Download] Westmount Energy provided details related to its […]

Young Plans Low-carbon Energy Future For Trinidad

(Trinidad and Tobago Newsday, 7.Jun.2021) — Minister of Energy and Energy Industries Stuart Young said at the first day of the Energy Conference 2021 that Trinidad and Tobago needs to balance its demand for energy with the transition to clean energy. To do this, Young said TT needs to invest […]

Westmount Re-starts Drilling At Jabillo-1, Canje Block, Offshore Guyana

(Westmount Energy, 7.June.2021) — Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) noted the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5 June 2021. Jabillo-1 is the […]

Urgent Need For Changes To Trinidad’s Fiscal Regime

(Trinidad Energy Chamber, 7.Jun.2021) — On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is to be able to attract investment […]

Argentina Dips Into Wealth Tax To Fund Gas Investments

(Argus, 7.Jun.2021) — Argentina will funnel $580 million collected from a new wealth tax to projects for rebuilding natural gas production from a recent slump, a key to averting shortages and stemming imports, Energy Secretary Dario Martinez said June 7. The secretariat is working with state-backed YPF, the country’s biggest […]

Mexican Court Extends Pemex Market Limit Ruling

(Argus, 7.Jun.2021) — A Mexican federal court reimposed market power limits on state-owned Pemex, including the mandate to publicly post wholesale prices, extending an initial temporary suspension of recent legislative reforms. The state-owned company will now have to resume submitting its wholesale prices, commercial agreements and product discount plans for […]

SEOGS2021 Highlights: Day 3

(Energy Analytics Institute, 3.Jun.2021) — Select highlights from 3 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from Staatsolie Upstream Director Rehka Bissumbhar to National Energy President Dr. Vernon Paltoo follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which […]

Maersk Inks Two-well Deal Extension In Brazil

(Mærsk, 3.Jun.2021) — Karoon Energy Ltd exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the […]

YPF On Audit Committee Availability In Buenos Aires

(Energy Analytics Institute, 3.Jun.2021) — Pursuant to the Regulations of the National Securities Commission (Comisión Nacional de Valores in Spanish) and the terms of Article 73 of Law No. 26,831, Argentina’s state entity YPF announced that the Audit Committee are available to the shareholders at the company’s registered office located […]

Venezuelan Oil, Masked As Malaysian, Rushes Into China Ahead Fuel Tax

(Reuters, 3.Jun.2021) — Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world’s top crude importer. China has over the past 12 months […]

Frontera’s CPE-6 Operations Impacted By Protests

(Frontera, 3.Jun.2021) — Frontera Energy Corporation (TSX: FEC) announced that due to road blockades in the municipality of Puerto Gaitan, Colombia, which have restricted the company’s ability to transport its production by truck and deliver other essential operational supplies and support to its facilities, the company has reached its on-site […]

LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron

(Energy Analytics Institute, 2.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the US’ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]

EP PetroEcuador To Tender For Oriente, Napo Crude Oils

(Energy Analytics Institute, 2.Jun.2021) — EP PetroEcuador will hold two new spot sales on 3 June 2021, including one for the export of 2,160,000 barrels of Oriente crude oil and another for the export of 1,080,000 barrels of Napo crude oil. The state oil entity is giving the winning companies […]

SEOGS2021 Highlights: Day 2

(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]

Excelerate Energy Says FSRU Exemplar Returns To Bahia Blanca

(Excelerate, 2.Jun.2021) — Excelerate Energy L.P. announced, the company’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas […]

W.K. Kellogg Names Alejandra Garduño Martínez Director Of LAC Programs

(W.K. Kellogg Foundation, 2.Jun.2021) — The W.K. Kellogg Foundation (WKKF) announced selection of Alejandra Garduño Martínez as the new director of Latin America and Caribbean programs, effective 1 June 2021. In this role, Garduño Martínez will provide leadership and oversight of the foundation’s longstanding investments in Mexico, Haiti and Latin America and […]

The SEOGS2021: Day 1 Brief

(Energy Advance, 1.Jun.2021) — The first day at SEOGS 2021 saw an incredible 454 unique viewers tuning in from over 170 different companies to hear from the President, government of Suriname and the NOC and event host Staatsolie. Major IOC’s, NOC’s and independents spoke about their current and future plans […]

The SEOGS2021: Day 2 Brief

(Energy Advance, 2.Jun.2021) — Day 2 at SEOGS saw the total audience grown to 624 participants with over 509 engaged users. We welcomed the theme of sustainable development of natural resources for the benefit of all and covered topics of oil and gas best practice, HSSE, FPSO’s, drilling and deepwater technology, […]

Life Expectancy For Colombia’s Proven Oil Reserves Closed 2020 Stable At 6.3 Years

(Reuters, 1.Jun.2021) — Colombia’s proven oil reserves at the end of 2020 were equivalent to 6.3 years’ worth, stable versus 2019, despite declining 11% to 1.82 billion barrels as lower oil prices caused exploration activity to slump, the government said Tuesday. Proven reserves – also known as 1P reserves – […]

Atlantic LNG Gets New CEO

(Atlantic LNG, 1.Jun.2021) — LNG producer Atlantic will transition to a new Chief Executive Officer, effective August 1. Incumbent CEO Dr. Philip Mshelbila will return to his parent company, Shell, after a successful 3-year term at Atlantic. Over the next two months, Dr. Mshelbila will oversee the transition to incoming […]

SEOGS2021 Highlights : Day 1

(Energy Analytics Institute, 1.Jun.2021) — Select highlights from 1 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from President Chandrikapersad Santokhi to Staatsolie CEO Annand Jagesar follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which was held virtually from […]

Venezuela Adjusts As Sanctions Spur Western Oil Partners To Retreat

(Reuters, 1.Jun.2021) — Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews with a half dozen industry sources, as U.S. companies win a reprieve to maintain a limited presence […]

Panama Reveals Plans For $1bn Gas Plant

(Reuters, 1.Jun.2021) — Panama’s President Laurentino Cortizo announced on Tuesday the construction of a $1 billion plant for electricity generation using natural gas as the Central American country seeks to increase its share of cleaner energy. Called Gatun, the plant will be located at Isla Telfers near the port of […]

Venezuela Oil Exports Fell In May On Outages, Diluent Shortage

(Reuters, 1.Jun.2021) — Venezuela’s oil exports fell to 593,550 barrels per day (bpd) in May as a result of an outage in its main producing region and a lack of diluents to produce exportable grades, documents and tanker tracking data showed. The OPEC member’s oil shipments were stable at around […]

EOG Resources To Present At JP Morgan Conference

(EOG Resources, 1.Jun.2021) — EOG Resources, Inc. (EOG) is scheduled to present at the J.P. Morgan Energy, Power and Renewables Conference at 9:30 a.m. Central time (10:30 a.m. Eastern time) on Tuesday, 22 June 2021. EOG Resources President Ezra Y. Yacob will present on behalf of EOG. Please visit the […]

Final Investment Decision for Bacalhau Phase 1 in Brazil

(Equinor, 1.Jun.2021) — Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an […]

LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit

(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]

GoldMining Initiates Preliminary Economic Assessment For The São Jorge Project

(GoldMining, 1.Jun.2021) — GoldMining (TSX: GOLD) (NYSE American: GLDG) is initiating a preliminary economic assessment (PEA) on its 100% owned São Jorge Gold Project in Pará State, Brazil and announces the results of an updated Mineral Resource Estimate (MRE). Highlights: Indicated Mineral Resources of 0.71 million ounces gold (14.27 million tonnes grading […]

Suriname And The SEOGS2021 Set To Start

(Energy Advance, 1.Jun.2021) — Staatsolie’s inaugural address will Suriname Energy, Oil & Gas Summit, running from 1-3 June 2021. With H.E. Chandrikapersad Santokhi, President, Government of the Republic of Suriname giving a keynote address this morning the Suriname Energy, Oil & Gas Summit, 1-3 June 2021, hosted by Staatsolie Maatschappij […]

Suriname Local Content Workshops [Free Registration]

(Energy Analytics Institute, 31.May.2021) — Three local content workshops will be running during the last day of the Suriname Energy, Oil and Gas Summit (SEOGS) to be held virtually between 1-3 June 2021. The workshops will consist of panels of local, regional and global experts who will all discuss areas […]

Guyanese Citizens Challenge ExxonMobil Offshore Drilling On Climate Grounds

(The Guardian, 31.May.2021) — Guyana’s government is being taken to court by two citizens seeking an end to offshore drilling by ExxonMobil and other large oil firms that will exacerbate the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the […]

MPC Energy Provides 1Q:21 Update

(MPC Energy Solutions, 31.May.2021) — MPC Energy Solutions N.V., Amsterdam, gives an update on the Q1 2021 figures. The company only commenced its full operations in early 2021. The result and the balance sheet for the first quarter therefore do not yet allow any conclusions to be drawn about the […]

Colombian Army Dismantles 2 Clandestine Refineries in the Catatumbo Region

(General Command of the Colombian Military Forces, 25.May.2021) — In military operations area control, Troops of Task Force Vulcano of the Second Division of the National Army, dismantle, in the municipality of Tibú, Norte de Santander, two illegal refineries, which stored the raw petroleum stolen from the Caño Limón – […]

Trinidad And Tobago Energy Conference 2021 (Virtual)

(Energy Analytics Institute, 28.May.2021) — The Energy Chamber of Trinidad and Tobago will host its virtual energy conference between 7-9 June 2021. Details, including the agenda, follow. Host: Energy Chamber of Trinidad and Tobago Theme: Leading the Caribbean’s Energy Transition Venue: Virtual Registration: Click here ____________________ By Steve Stewart. © […]

Brazil Faces Worst Dry Spell In 91 Years

(Reuters, 28.May.2021) — Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture while raising the risk of Amazon fires. Late on Thursday, the Electricity Sector Monitoring Committee (CMSE), which […]

Talos Energy Updates On ESG Initiatives Before Releasing ESG Report

(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]

Latin America and the Caribbean

Trinidad Briefs: Touchstone Share Options And Share Purchase [PDF Downloads]

(Energy Analytics Institute, 27.May.2021) — Energy briefs from the Latin America and Caribbean region including: Touchstone Exploration Inc.’s director share purchase and Touchstone’s annual share options. Touchstone Director Share Purchase [PDF Download] Touchstone announces the following purchases of company common shares as of 27 May 2021 (see PDF download). Touchstone […]

LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast

(Energy Analytics Institute, 26.May.2021) — Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrol’s Barrancabermeja Refinery; and Venezuela’s production of crude oil expected to rise slightly in 2021, according to estimates revealed by Ecoanalitica. Ecopetrol’s Reports Steady Loads At Barrancabermeja Refinery The loads at […]

Hess Corp. Talks Guyana At UBS Event [PDF Download]

(Energy Analytics Institute, 26.May.2021) — Hess Corporation presented at the UBS Global Energy Conference on 26 May 2021. What follows are key points and key slides from the discussion, including the corporation presentation (see PDF download), dominated by details on Guyana. Guyana Highlights: Preserve Long Term Value of Assets — […]