(PBS NewsHour, 20.Mar.2018) â Here’s what it would take Six months after Hurricane Maria, and whole towns in Puerto Rico still remain without power. Many think solar energy can help the recovery, but making renewables a mainstay will require more than solar panels. Thereâs also a monopoly and Congress with which […]
Category: Latin America and the Caribbean
PDVSA Lagunillas Site Fire Takes 12 Hours to Extinguish
(Energy Analytics Institute, Piero Stewart, 20.Mar.2018) â A fire reported Saturday 17 March 2018 at a PDVSA controlled petroleum site located in the Lagunillas sector in Zulia state took an estimated 12 hours to extinguish due to a lack of fire foam, reported the daily El Nacional, citing a tweet […]
Pampa EnergĂa Announces Settlement Agreement in Ecuador
(Pampa EnergĂa S.A., 19.Mar.2018) â Pampa EnergĂa S.A. announced that regarding the conflict that EcuadorTLC (a subsidiary company established in the Republic of Ecuador and which Pampa holds a 100% ownership directly and indirectly) held with other members of the Bloque 18 Consortium (the âPlaintiff Partiesâ) against the Republic of […]
PDVSA Collective Contract Eliminates 8 Hour Shifts
(Energy Analytics Institute, Piero Stewart, 19.Mar.2018) â A new collective contract signed by PDVSA on 14 March 2018 eliminates 8 hour shifts and work lunch rooms, reported the newspaper El Nacional, citing oil union official IvĂĄn Freites. Workers will now be required to work 12-hour shifts, said Freites. He added […]
Will Money from Guyana’s Oil Boom Get to the People
(CaribNation TV, 16.Mar.2018) â Guyana is poised to become the next big oil producer in the Western Hemisphere, attracting the attention and investment dollars of some of the biggest oil companies in the world. Exxon Mobil and Hess announced the successful drilling of a deep water exploration well that may […]
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) â The approval of the bidding process for the selection of a partner for the exploration and extraction of the Ayin and Batsil fields in the coastline of Tabasco, it strengthens the PetrĂłleos Mexicanos strategy to establish associations to stabilize the oil production and to begin increasing it […]
Siemens Delivers Compressor Trains For Fermaca Pipeline In Mexico
(Siemens, 7.Mar.2018) â Siemens recently delivered five gas turbine-driven compressor trains to Fermaca Enterprises (Fermaca) for two pipeline stations in Mexico. The pipeline projects, which also include a long-term service agreement, are part of the Comision Federal de Electricidad de Mexicoâs (CFE) ongoing energy reform program intended to increase the […]
Dominican Republic to Join Caribbean Energy Rush
(Bloomberg, Ezra Fieser, 5.Mar.2018) â The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. […]
CGX Energy Appoints Engineer For Corentyne Well in Guyana
(CGX, 2.Mar.2018) â CGX Energy Inc. announced appointment of Drilling Engineer Michael (Mike) P. Stockinger as Project Operations Manager, who will be in charge of designing the companyâs next offshore exploration well on the Corentyne Block offshore Guyana. âWe are delighted that Mike Stockinger has rejoined the company as our […]
ExxonMobil Announces Seventh Oil Discovery Offshore Guyana
(Exxon Mobil, 28.Feb.2018) â Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of […]
Guyana Basin Exploration to Ramp: Wood Mackenzie Says
(Energy Analytics Institute, Ian Silverman, 28.Feb.2018) â The Liza discovery was the largest oil discovery in 2015 and has significantly de-risked the Cretaceous Tertiary play, proving the existence of a working petroleum system in this portion of the basin, according to a âGuyana exploration basinâ asset report summary published by […]
Barbados: Energy Boost
(Barbados Today, Luova Labs, 20.Feb.2018) â Governmentâs spokesman on energy Senator Darcy Boyce has said that independent producers of renewable energy would likely be able to supply more energy to the national grid and have a fixed price for doing so in a matter of months. In fact, Boyce, the […]
Guyana Is About to Open Up Pandora’s Barrel
(Mac Margolis, 16.Feb.2018) â Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income of $4,300, half the regional average, qualifying it as the hemisphereâs third-poorest nation. At the moment, Guyana also might be its luckiest. Having struck big […]
Power Auction Victory Promises A Change In Power
(MHPS, 14.Feb.2018) â Mitsubishi Hitachi Power Systems (MHPS) celebrated its first win in Brazil for the technical selection of its M501 JAC Gas Turbine for the Vale Azul II Project. The plant, which will have a contracted output of 466MW in combined cycle, was selected in the A-6 Brazilian Electricity […]
Mexico In Full Swing
(Petroleum Economist, Aldo Flores-Quiroga, 8.Feb.2018) â Mexico’s oil and gas industry will be completely open to private investment by end-2018. For the first time in almost eight decades, domestic and foreign companies will be allowed to do business throughout the value chain, from oil exploration to service stations. Free entry […]
Tecpetrol Opens Gas Treatment Plant in Vaca Muerta
(ARPEL, February 6, 2018) â Tecpetrol, an oil company of the Techint Group and member of ARPEL, opened a gas treatment plant located in the vicinity of Añelo, NeuquĂ©n, with Governor of the Province of NeuquĂ©n Omar GutiĂ©rrez and Minister of Energy and Mines of Argentina Juan J. Aranguren. This […]
Vaca Muerta Megaproject â A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) â Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story âwhich is why we collectively need to put a stop to this if we are serious about restricting […]
Total Enters Prolific Guyana Basin With Three Licences
(Total, 5.Feb.2018) â Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights […]
Petroteq Energy, Pemex Ink Deal
(Energy Analytics Institute, Jared Yamin, 1.Feb.2018) â In January Petroteq Energy Inc. reached an agreement with Mexicoâs state-owned oil entity Pemex. Through its Petrobloq subsidiary, Petroteq is developing a supply chain management system for Pemex that could improve efficiency, announced Petroteq in an official statement. ***
Shell Made Mistake Pulling Out of Guyana basin
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) â Now that Guyanaâs oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has to be regretting its decision to withdraw as an investment partner with United States giant ExxonMobil, which has so far […]
Mexico Tops BP Growth Plans
(Reuters, Jessica Resnick-Ault, 17.Jan.2018) â BP is expanding its retail presence with plans to open 3,000 branded retail stations globally in the next five years, half in Mexico, as that market becomes increasingly open to international business. The company already has over 100 retail outlets in Mexico, many operated by […]
CGX Announces Resignation of its Chief Executive Officer
(CGX, 10.Jan.2018) â CGX Energy accepted Mr. Dewi Jonesâ resignation as Chief Executive Officer of the company, effective January 8, 2018. âThe xompany would like to thank Mr. Jones for his contribution over the years and wish him success in his future endeavours,â said Professor Suresh Narine, Chairman and Executive […]
ExxonMobil Announces Sixth Oil Discovery Offshore Guyana
(Exxon Mobil, 5.Jan.2018) â Exxon Mobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobilâs sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion […]
Trinidad – Upstream Activity Snapshot in 2018
(Kevin Ramnarine, Strategic Energy Adviser). Former Minister of Energy. Business School Lecturer. International Speaker, 3.Jan.2018) â This is a summary of upstream activity for Trinidad and Tobago in 2018. 1) Rowan will have 4 rigs drilling in 2018. By June 2018 all four will be working simultaneously. Two of these will […]
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 companyÂŽs gas output drive in its reserves development strategy. The start of production at Sagari will lead to a 25% increase in the blockâs total output. […]
Bolivia Seeks Investors to Power Up Lagging Lithium Output
(Reuters, Alexandra Alper, 27.Dec.2017) â Bolivia hopes surging global lithium demand can lure foreign investors to the country where nearly a decade of state-led development has left output far short of goals for the metal, coveted by makers of batteries for devices from laptops to electric cars. The poor South […]
Bolivia Seeks Investors To Power Up Lagging Lithium Output
(Reuters, Alexandra Alper, 27.Dec.2017) â Bolivia hopes surging global lithium demand can lure foreign investors to the country where nearly a decade of state-led development has left output far short of goals for the metal, coveted by makers of batteries for devices from laptops to electric cars. The poor South […]
Total Enters Product Retail Sector In Mexico
(Total, 10.Dec.2017) â Total has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand. Present in Mexico since 1982, Total is aiming to capitalize on the deregulation of the […]
New Fortress Energy to Invest $1 Bln in Jamaica
(New Fortress Energy, 5.Dec.2017) â Having committed to investing some US$1 billion (J$126 billion) in Jamaica over the next several years, United States-based company, New Fortress Energy (NFE) is well on its way to doing so. On Friday NFE and Jamalco broke ground for the construction of a 94 megawatt […]
Costa Rica Generated Renewable Energy for 300 Days
(Independent, Tom Embury-Dennis, 22.Nov.2017) â Costa Ricaâs electricity has been produced entirely using renewable energy for 300 days since the start of January. With more than a month of 2017 to go, the Central American country is set to smash its own annual record of green energy use. In 2015 […]
Baron Oil On Decision To Relinquish Peru Block Z-34
(Baron Oil plc, 10.Nov.2017) â Baron Oil PLC announces that at an Operating Committee Meeting in Lima on 9 November 2017 those parties entitled to vote made a unanimous decision to relinquish Block Z-34, offshore Peru, and so notify Perupetro. The Block has been in Force Majeure since 2014 and […]
Uruguay: Some Background On Oil Exploration
(Schuepbach Energy Uruguay â SEU, 30.Oct.2017) â The Norte Basin is part of a huge sedimentary basin called ParanĂĄ Basin in Brazil and Paraguay, and called Chaco-ParanĂĄ Basin in Argentina. Together, they add up to an area over 1,200,000 km2. Historically, efforts have been made to find oil in this […]
Guyana’s Coast Gets Battered By Waves
(Energy Analytics Institute, 10.Oct.2017) â Guyana, the small English-speaking South American country that is set to become the region’s next petro-state, sit below sea level and is thus subject to coastal flooding, as seen in this short video. __________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
Anadarko To Invest $200mn In Peruvian Oil Area
(Reuters, 9.Oct.2017) â U.S.-based Anadarko Petroleum will invest some $200 million to develop an offshore oil area near Peruâs northern coast, Peruvian President Pedro Pablo Kuczynski said on Monday. Kuczynski and company executives signed three exploration and drilling agreements with state oil agency Perupetro in blocks Z-61, Z-62 and Z-63 […]
ExxonMobil Announces Fifth Discovery Offshore Guyana
(Exxon Mobil, 5.Oct.2017) â Exxon Mobil Corporation announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobilâs latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the […]
Colombia And A Shift To Unconventional Oil And Gas?
(McDaniel, 30.Sep.2017) â Colombia is a positive example of a country re-structuring but investment is still required to replenish reserves & production levels, according to McDaniel & Associate Consultants Ltd.âs Derrick Dao, P. DOWNLOAD REPORT: Colombia: a shift to unconventional oil and gas? __________ By McDaniel & Associate Consultants Ltd.âs […]
The Caribbean Poised To Become Major Oil Region
(OilPrice.com, Haley Zaremba, 22.Aug.2017) â In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the fossil fuels industry, despite its proximity to the vast oil reserves of Venezuela. Now, the […]
Open Season Fees, Delays Puzzle Mexicoâs Investors
(Platts, 11.Aug.2017) â Pemex has yet to announce the next phase of its refined products logistics open season, which could be impacting investment decisions on new midstream projects in Mexico, according to sources. Mexicoâs petroleum liberalization does not call for the sale of Pemex logistics assets. But the use Pemexâs […]
ExxonMobil Announces Successful Payara-2 Well Offshore Guyana
(Exxon Mobil, 25.Jul.2017) â Exxon Mobil Corporation announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. These positive well results increase the estimated gross recoverable resource for the Stabroek Block to between 2.25 billion oil-equivalent barrels […]
ExxonMobil Acquires Interest in Acreage Offshore Suriname
(Exxon Mobil, 13.Jul.2017) â Exxon Mobil Corporation announced that its subsidiary ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname. The block adds significant acreage to ExxonMobilâs operated […]