(Panama Canal Authority, 26.Apr.2020) — The Panama Canal launched its process of decarbonizing its operations, with aims of becoming carbon neutral by 2030. “We at the Panama Canal are committed to sustainability, and therefore are laying the foundation, creating the tools, and identifying the changes needed to achieve efficiencies that […]
Category: Latin America and the Caribbean
India In Talks With Guyana For Long-Term Crude Supply
(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order […]
Stakeholders: Young, Govt Must Provide Fiscal Incentives To Save Energy Industry
(Trinidad and Tobago Newsday, 23.Apr.2021) — A heavy task lies ahead for the new Minister of Energy and Energy Industries, Stuart Young. Stakeholders on Thursday said Young must consider advising government to provide fiscal incentive to save the energy sector. Young was appointed the post earlier this week after the […]
Pan American Announces Expiration Of Tender Offer
(Pan American Energy, 23.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company, announced today that the previously announced tender offer for cash for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and […]
CGX To Use Maersk Rig For Kawa-1 Well
(CGX Energy, 22.Apr.2021) — CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC), joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, separately announced today that CGX Resources Inc., operator of the Corentyne offshore block, has entered into an agreement (the “Drilling Contract”) with Maersk Drilling […]
Pro-Pemex Bill Clears Mexico’s Lower House
(Bloomberg, 22.Apr.2021) — Mexico’s lower house of congress on Wednesday approved a reform to the country’s hydrocarbon law that removes one of the linchpins to promote private competition against state-run oil company Petroleos Mexicanos. The lower house voted 301 in favor, 147 against and two abstentions to approve the proposal, which eliminates […]
Peru Presidential Hopeful Eyes Gas, Mine Takeovers
(Argus, 22.Apr.2021) — Peru could nationalize natural gas and mining assets if little-known presidential candidate Pedro Castillo wins a 6 June run-off ballot. Castillo, a far-left rural school teacher who favors greater state control over natural resources and strategic industries, enjoys a healthy lead over Keiko Fujimori, his populist rival […]
Protests Erode Argentina’s Shale Flow
(Argus, 21.Apr.2021) — Argentina’s shale oil and gas production is starting to decline and fuel shortages are worsening because of prolonged roadblocks by healthcare workers in Argentina’s southwestern province of Neuquen. The blockades, which started on 7 April and now number around 30, have led to production losses of some […]
SAS Strives To Combat Deforestation, Improve Reef Health And Lower Emissions
(SAS, 21.Apr.2021) — SAS’ commitment to creating a more sustainable future through social innovation is highlighted this Earth Day, as the analytics innovator works with the Amazon Conservation and the Healthy Reefs for Healthy People (HR4HP) Initiative, led by the Smithsonian National Museum of Natural History, to help address three […]
Khan’s Unfinished Business
(Trinidad & Tobago Guardian, 21.Apr.2021) — Energy Minister Franklin Khan may have departed this world on Saturday, April 17 but if we are to judge by the last full length interview there was some unfinished business he wanted to conclude. According to Minister Khan one of things he wanted to […]
Vaca Muerta Production Impacted By Neuquén Protests
(Energy Analytics Institute, 20.Apr.2021) — Oil and gas production from Argentina’s prolific Vaca Muerta formation have been impacted by nearly two weeks of protests and road blockages by health care workers seeking higher wages. Oil production in the region is initially down around 5,000 barrels per day while gas production […]
Stuart Young To Head The MEEI
(Energy Analytics Institute, 19.Apr.2021) — Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) announced appointment of the Honourable Stuart Young as the country’s newly appointed minister. Young replaces Franklin Khan, who passed away recently, the MEEI said 19 April 2021 in a social media post. ____________________ By Piero […]
Atlantic Mourns Passing Of Minister Khan
(Atlantic LNG, 19.Apr.2021) — LNG production company Atlantic expresses heartfelt condolences on the passing of Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries. We join the national community and our energy sector colleagues in lauding Senator Khan’s distinguished career and many years of dedicated service both locally […]
Mercuria Breathes Life Into Curacao Oil Storage
(Argus, 19.Apr.2021) — Trading company Mercuria started using oil storage at the Bullen Bay terminal in Curacao under a previously undisclosed short-term lease signed in December. The Liberia-flagged Largo Sun delivered a first cargo to the terminal last week, breathing life into the long-dormant terminal. The medium-range tanker departed from […]
Ramnarine: Appointment Of Energy Minister Critical To Economy
(Trinidad and Tobago Newsday, 19.Apr.2021) — Former energy minister Kevin Ramnarine said it is critical for the Prime Minister to name a new Minister of Energy over the next two days, as Trinidad and Tobago is still an oil and gas-dependent economy. He said the shortfall in revenue and the […]
Petrobras CEO Nods To Price Parity
(Reuters, 19.Apr.2021) — Joaquim Silva e Luna, the new chief executive of Brazil’s Petrobras, will look to respect the company’s current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday. The comments by the former army general signaled that Petrobras’ incoming administration will […]
iWrc Creates Opportunity For Waste Workers In Brazil
(iWrc Global, 19.Apr.2021) — Recycling centers often lack the proper resources to protect their employees from hazardous and strenuous working conditions. iWrc collaborates with these cooperatives to improve the health, safety, and financial stability of employees. The initiative trains workers at the cooperatives in proper practices and protocol. Elizabete Rocha, president of Futura Cooperative, says that in the past […]
LatAm Briefs: Petrobras Swears In CEO, Aker’s Mero 1 Project Update
(Energy Analytics Institute, 19.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Petrobras hosting an inauguration or swearing in ceremony for its new CEO Joaquim Silva e Luna and Aker Solutions in Brazil celebrating the last delivery marking the end of the Mero 1 project. Petrobras Hosts […]
Trafigura Wins Bid To Export Fuel Oil No. 6
(Energy Analytics Institute, 17.Apr.2021) — EP Petroecuador awarded Singapore’s Trafigura PTE. LTD. an export deal for 1,900,000 barrels of Fuel Oil No. 6. The volume offered will be exported in 10 shipments of 190,000 +/- 10% each, which will be delivered between May and July 2021, EP PetroEcuador announced 17 […]
LatAm Briefs: MEEI Minister’s Death, YPF Boosts Fuel Prices
(Energy Analytics Institute, 17.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: the passing of Trinidad and Tobago’s energy minister Franklin Khan, Argentina’s inflation reaching 4.8% in March and Argentina’s YPF boosting fuel prices an average 6%. Trinidad’s Energy Minister Franklin Khan Passes Away Franklin Khan, Trinidad […]
Enel Américas On Partial Public Tender
(Enel AmĂ©ricas, 16.Apr.2021) — Enel AmĂ©ricas S.A. (NYSE: ENIA) notes that Enel S.p.A. announced the final results of the voluntary partial public tender offer (the “Offer”) for the acquisition of shares of common stock (“Shares”) and American Depositary Shares (“ADSs”) of its listed Chilean subsidiary Enel AmĂ©ricas S.A. (“Enel AmĂ©ricas”) […]
Statement On Compressor Issue Onboard The Liza Destiny FPSO
(Guyana Ministry of Natural Resources, 16.Apr.2021) — On 11 April 2021, the Government of Guyana (GoG) was notified of an unexpected issue arising with the discharge silencer of the Flash Gas Compressor (FGC). The FGC and its associated components were recently reinstalled on April 2 and undergoing post installation tests. […]
Guyana Eyes Moves To Offset Oil Cuts
(Argus, 16.Apr.2021) — Guyana is considering unspecified economic measures to cushion the impact of repeated production cuts from US major ExxonMobil’s deepwater Stabroek block, the natural resources ministry said. Since it started oil production in December 2019 there have been repeated technical issues on the Liza Destiny floating production, storage […]
Petrobras Elects CEO, Chief Officers
(Petrobras, 16.Apr.2021) — Petrobras’ Board of Directors, in a meeting held today 16 April 2021, elected Joaquim Silva e Luna to the position of CEO of the company. The Board of Directors, as part of the process of composing the Petrobras´ Board of Executive Officers, also approved the following appointments: […]
Frontera And CGX Ink $19mn Loan Deal
(Frontera, 16.Apr.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners (the “Joint Venture“) in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced today that they have entered into a term sheet for a $19mn loan (the “Loan”) that will enable CGX to continue […]
Petrobras Board Elects CEO, CFO, New Division Heads
(Reuters, 16.Apr.2021) — The board of Brazil’s Petrobras has officially elected a slate of new executives, including Chief Executive Joaquim Silva e Luna, the state-run oil company said in a securities filing on Friday. The board also elected new heads of the company’s upstream, logistics and production development divisions, as […]
Trinidad: Natural Gas Sales Down 21%
(Trinidad Guardian, 16.Apr.2021) — Natural gas sales in T&T declined by a whopping 21 per cent from February 2020 to February 2021. According to figures from the Minister of Energy, natural gas sales continued to fall and averaged 2.646 billion cubic feet per day (bcf/d) in February 2021. Natural gas […]
Petrobras On Partial Return Of Libra Area
(Petrobras, 16.Apr.2021) — Petrobras informs that the consortium of Libra, constituted by Petrobras (40%), in partnership with Shell Brasil PetrĂłleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil PetrĂłleo e Gás Ltda. (10%) and CNOOC Petroleum Brasil Ltda. (10%), having PrĂ©-Sal PetrĂłleo S.A. (PPSA) as contract manager, notified […]
Petrobras On Leasing Of LNG Regasification Terminal
(Petrobras, 16.Apr.2021) — Petrobras, following up on the release disclosed on 1 October 2020, published today the Call for the second bidding process to lease the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, in the State of Bahia, in line with the Agreement for the natural gas market, entered […]
Petrobras On Resignation Of BODs Member
(Petrobras, 16.Apr.2021) — Petrobras informs that it received today a resignation letter from the member of the Board of Directors, Marcelo Gasparino da Silva, elected through a multiple vote process in the Extraordinary General Meeting of 12 April 2021. In the terms of the resignation letter, the member of the […]
EP PetroEcuador Opens Doors To Corruption Investigation
(Energy Analytics Institute, 15.Apr.2021) — EP PetroEcuador offered Ecuador’s attorney general’s office access to all the necessary facilities it sees fit to collect any type of information requested as part of the investigation processes of the justice institution related to acts of corruption related to the state entity. Alleged cases […]
LatAm Briefs: New Pacific In Bolivia, Orvana’s 2Q:21 Production
(Energy Analytics Institute, 15.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: New Pacific acquiring the Carangas Silver Project, Bolivia and Orvana announcing second quarter production of 14,197 AuEq oz and exploration update. New Pacific Acquires the Carangas Silver Project, Bolivia (New Pacific Metals, 12.Apr.2021) — New […]
Argentina Prioritizing Oil Sector Legislation
(S&P Global, 15.Apr.2021) — Argentina’s government is making advances on drafting a bill to provide incentives for ramping up the country’s oil and natural gas production and exports, while more immediately seeking an agreement to end a protest stymieing activity in the Vaca Muerta shale play, Energy Secretary Dario Martinez […]
IBC Ships First Pilot Module Salar De Maricunga In Chile
(IBC Advanced Technologies, 15.Apr.2021) — The module will be a key component of the SuperLig® Molecular Recognition Technology (“MRT”) pilot plant (the “Pilot Plant”) being built by IBC Advanced Technologies, Inc. (“IBC”) to demonstrate the green, direct extraction of lithium (“Li”) from brine at the Maricunga salt flat, or salar, […]
Using CO2 Enhances Oil Recovery In TT
(Trinidad and Tobago Newsday, 15.Apr.2021) — In February 2021, the Ministry of Energy and Energy Industries (MEEI) announced that Cabinet agreed to establish a carbon capture and carbon dioxide (CO2) enhanced oil recovery (EOR) steering committee, responsible for managing the implementation of a large-scale CO2-EOR project in Trinidad. Potential oilfields […]
LatAm Briefs: Health Workers Protest In Argentina
(Energy Analytics Institute, 14.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Labor Ministry issuing a mandatory conciliation between oil workers and companies, companies in Argentina prepare to pay more for gas starting 1 May 2021, and health and social workers protest in NeuquĂ©n. Argentina’s Labor […]
EU Commissioner Blasts Brazil Climate Pledge
(Reuters, 14.Apr.2021) — The European Union’s top environment official told Brazil on Wednesday that the South American country’s updated climate pledge “sends a bad signal” by only committing to reaching net zero carbon emissions by 2060. Like most of the world, Brazil late last year submitted an updated commitment under […]
Pemex Says Minatitlan Refinery Repair To Take 90 Days
(Argus, 14.Apr.2021) — Full repairs after a major fire at Pemex’s 285,000 b/d refinery in Minatitlan, Veracruz, will likely take 90 days, although some production could restart as soon as 30 April, the state-owned company said. “For security reasons the refinery is not operating but it is hoped that work […]
Petrobras On Approval Of Dividend
(Petrobras, 14.Apr.2021) — Petrobras, following up on the release disclosed on 24 February 2021, informs that, in a meeting held today, the Annual General Meeting approved the proposal for allocation of the 2020 fiscal year results forwarded by the Board of Directors, of remuneration to shareholders in the form of […]
Ecuador Judge Orders Pre-trial Detention Of Officials In Oil Graft Case
(Reuters, 14.Apr.2021) — An Ecuadorean judge ordered that the country’s current comptroller and former energy minister be placed under pre-trial detention on charges of organized crime related to state oil company Petroecuador, prosecutors said on Wednesday. Prosecutors on Tuesday alleged that Comptroller Pablo Celi and former energy minister Jose Agusto […]
Pampa To Start Producing Vaca Muerta Oil
(S&P Global, 14.Apr.2021) — Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on a bet that a rise in domestic and export demand and prices will improve profits, Horacio […]
Pemex’s Lazaro Cardenas Refinery Off-line
(Reuters, 13.Apr.2021) — Petroleos Mexicanos (Pemex) said on Tuesday the Lazaro Cardenas oil refinery it operates in the eastern city of Minatitlan is out of service after a fire last week. Pemex said in a statement production would potentially resume on April 30, although it could take up to 90 […]
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the Caribbean, revealed its latest promo video related to its media kit 2021/22 and SPonsor and ADvertiser (SPAD) opportunities. ____________________ By Rafael Hurtado, Lilly Chistine, Chad […]
LatAm Briefs: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuador’s run-off election and Andean oil producer Ecuador pumping around 495,438 barrels per day of oil. Lasso Wins Run-off Election In Ecuador Guillermo Lasso Mendoza won the presidential run-off election on […]
US Sends Congrats To Guillermo Lasso
(US State Department, 13.Apr.2021) — On behalf of the people of the United States, I congratulate Guillermo Lasso on his election as the next President of Ecuador. We also extend our congratulations to the Ecuadorian people for exercising their right to select their leadership, especially during these uniquely challenging times. […]
Equinor Sees 1H:21 Peregrino Restart
(Reuters, 12.Apr.2021) — Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of […]
Petrobras Shareholders Pave Way For New CEO
(Reuters, 12.Apr.2021) — Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process. The dismissal of Castello Branco, while widely expected, is an important […]
Pan American Commences Tender Offer
(Pan American, 12.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company (“Pan American”), commenced a tender offer for cash (the “Offer”) for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and US69783UAA97) […]
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – and unwelcome. President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm […]
Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas
(Touchstone, 12.Apr.2021) — Touchstone Exploration Inc. announces the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore Trinidad and Tobago (Heritage Petroleum Company Limited […]