(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 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 […]
Category: Latin America and the Caribbean
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 also include a long-term service agreement, are part of the Comision Federal de Electricidad de Mexico’s (CFE) ongoing energy reform program intended to increase the […]
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 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) – CGX Energy Inc. announced appointment of Drilling Engineer Michael (Mike) P. Stockinger as Project Operations Manager, who will be in charge of designing the company’s next offshore exploration well on the Corentyne Block offshore Guyana. “We are delighted that Mike Stockinger has rejoined the company as our […]
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 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) – 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 “Guyana exploration basin” asset report summary published by […]
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 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) – 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 hemisphere’s 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) — 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) — 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) — 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 – 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 to turn it into a success story —which 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) — 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) – In January Petroteq Energy Inc. reached an agreement with Mexico’s 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) — Now that Guyana’s 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) – 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) – CGX Energy accepted Mr. Dewi Jones’ resignation as Chief Executive Officer of the company, effective January 8, 2018. “The xompany would like to thank Mr. Jones for his contribution over the years and wish him success in his future endeavours,” said Professor Suresh Narine, Chairman and Executive […]
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 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) – 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 company´s gas output drive in its reserves development strategy. The start of production at Sagari will lead to a 25% increase in the block’s total output. […]
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 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) — 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) — 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) – 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) – Costa Rica’s 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) — 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 – SEU, 30.Oct.2017) — The Norte Basin is part of a huge sedimentary basin called Paraná Basin in Brazil and Paraguay, and called Chaco-Paraná 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) — 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) — U.S.-based Anadarko Petroleum will invest some $200 million to develop an offshore oil area near Peru’s 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) – Exxon Mobil Corporation announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s 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) — 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.’s Derrick Dao, P. DOWNLOAD REPORT: Colombia: a shift to unconventional oil and gas? __________ By McDaniel & Associate Consultants Ltd.’s […]
The Caribbean Poised To Become Major Oil Region
(OilPrice.com, Haley Zaremba, 22.Aug.2017) – 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 Mexico’s Investors
(Platts, 11.Aug.2017) — 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. Mexico’s petroleum liberalization does not call for the sale of Pemex logistics assets. But the use Pemex’s […]
ExxonMobil Announces Successful Payara-2 Well Offshore Guyana
(Exxon Mobil, 25.Jul.2017) – 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) – 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 ExxonMobil’s operated […]
As Venezuela’s Economy Plummets, Mass Exodus Ensues
(9.Jul.2017, PBS NewHour) – Despite having the largest oil reserves in the world, Venezuela’s economy is in a freefall, necessities have become scarce and tens of thousands of residents are fleeing across the border to Colombia. With support from the Pulitzer Center on Crisis Reporting, special correspondent Nadja Drost and […]
PDVSA’s Domestic Refinery Utilization Rate Down
(Energy Analytics Institute, Aaron Simonsky, 16.Jan.2017) – Refining utilization rates at PDVSA’s six domestic refineries averaged 30.7 percent in 2016 owing to permanent and temporary plant shut downs and continued problems procuring replacement parts all due to finance issues. PDVSA’s domestic refineries – Amuay, CardĂłn, Bajo Grande, Puerto la Cruz, […]
CFE Cancels Baja California Sur Natural Gas Project
(Platts, 30.Jun.2017) — Mexican state-run utility CFE has canceled its auction to bring natural gas into the Pacific state of Baja California Sur, the company said. CFE said the gas project isn’t necessary as its new underwater transmission line project will fulfill the electricity needs of the state. “By opting […]
ExxonMobil Makes Final Decision Regarding Liza Development
(Exxon Mobil, 16.Jun.2017) – Exxon Mobil Corporation said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, […]
Pacific Changes Name To Frontera Energy Corporation
(Pacific Rubiales, 12.Jun.2017) — Pacific Exploration & Production Corporation changed its corporate name to Frontera Energy Corporation to mark the beginning of a new era for the Company. The Company’s common shares are expected to commence trading on the Toronto Stock Exchange under the new name and ticker symbol TSX:FEC […]
BPTT’s Angelin Platform Being Built in Mexico
(BPTT, 1.Jun.2017) — Watch BPTT’s Angelin platform come to live in this time lapsed video. See the amazing progress of the BPTT Angelin platform being built in Altamira, Mexico Watch the amazing progress of the @BP_TandT #Angelin platform being built in Altamira, #Mexico https://t.co/5L9v8So3J0 @TTEnergyChamber #energyconference2018 pic.twitter.com/m736HjVLLc— bp (@bp_plc) January […]
BPTT’s Angelin Project Gets Green Light
(BPTT, 1.Jun.2017) — BP Trinidad and Tobago LLC announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – bpTT’s 15th offshore production facility – 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 […]