Latin America and the Caribbean Archives - Page 23 of 194

Ecoanalítica Says Venezuela’s Inflation Stood at 61.5% at YE:24

HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Venezuela’s accumulated inflation at the end of 2024 stood at 61.5%, which represented a slowdown compared […]

Mexico’s Production Continues Downward Trend, Falls 4.2% in 2024 v 2023

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 15.Jan.2025) — Mexico’s oil production averaged 1.586 million barrels per day (MMb/d) in 2024, down 4.2% from […]

Brazil’s Liquid Production on Track to Average 4.2 MMb/d in 2024, 4.4 MMb/d in 2025

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 15.Jan.2025) — Brazil’s total liquids production averaged 4.1 million barrels per day (MMb/d) in Nov. 2024, down […]

Ecopetrol to Temporarily Reduce Conversion Cost of Purchase and Sale ADRs by 50%

(Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Bogota-based Ecopetrol reached an agreement with JPMorgan Chase Bank N.A., the depositary bank of its American Depositary Receipts […]

The Milei way: ¡Viva la libertad, carajo!, RIGI, Vaca Muerta and Argentine LNG exports

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 15.Jan.2025, Words: 951) — For energy investors pondering Argentina’s massive Vaca Muerta shale play potential and […]

SENER head Luz Elena González participates in consultation forum in Mexicali

MEXICO CITY, MEXICO (BY Fidencio Casillas, Energy Analytics Institute, 14.Jan.2025, Words: 255) — Mexico’s Secretariat of Energy (SENER), in collaboration with the government of Baja […]

Luca Finishes Drilling Campaign at Campo Morado in Guerrero State, Mexico

(Editors at Energy Analytics Institute, 14.Jan.2025) — Luca Mining Corp. started exploration drilling at the Campo Morado mine project in Guerrero State, Mexico. Campo Morado […]

AWS to Create LatAm Digital Region in Mexico, Invest $5bn in Querétaro

(Fidencio Casillas, Energy Analytics Institute, 14.Jan.2025) — Amazon Web Services (AWS) plans to invest $5bn in Querétaro state in Mexico. The decision will generate over […]

Claudia Sheinbaum’s Plan Mexico contemplates a $277bn investment portfolio

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 13.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo presented ‘Plan Mexico’ on 13 Jan. 2025. The plan is […]

BMR Energy Divests Operating Plants in the Caribbean and Guatemala to InterEnergy

(Editors at Energy Analytics Institute, 13.Jan.2025) — BMR Energy LLC completed its reorganization and divestiture plan. The company has ﬁnalized the sale of its British […]

Petrobras and Unigel continue to analyze fertilizer contracts

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 13.Jan.2025, Words: 99) — Rio de Janeiro-based Petrobras said it is still analyzing with Unigel contracts associated […]

Commentary: near-term triggers for ECA, Saguaro Energia, Vista Pacifico and Salina Cruz

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Jan.2025) — Natural gas-short Mexico looks to utilize its proximity to Asia to offer primarily US and […]

Sheinbaum says Pemex to guarantee 1.8 MMb/d, functioning of 8 refineries

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 12.Jan.2025, Words: 202) — Mexico’s president Claudia Sheinbaum Pardo, speaking from El Zócalo in Mexico City, said […]

Mexico reports $39bn in FDI in 2024, Sheinbaum says during speech from El Zócalo

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 12.Jan.2025, Words: 167) — Mexico’s president Claudia Sheinbaum Pardo said foreign direct investment (FDI) in Mexico reached […]

Mexico to Invest $23.4bn to Boost Energy Generation by 22,000 MW by 2030

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 12.Jan.2025) — Mexico looks to make investments of $23.4bn during 2024-2030 to boost its energy generation capacity […]

Work to boost electric supply nears completion in Taquimilán, Neuquén

BELIZE CITY, BELIZE (By Aaron Simonsky, Energy Analytics Institute, 12.Jan.2025, Words: 198) — Work continues to expand the electricity supply in Taquimilán, Neuquén to provide […]

LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform

(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. […]

Brava Energia Reports on Dec. 2024 Production

(Brava Energia, 10.Jan.2025) — Brava Energia released preliminary and unaudited production data for the month of Dec. 2024. Brava is the operator of the Potiguar […]

Official Statement: Condemning Nicolás Maduro’s Illegitimate Attempt to Seize Power in Venezuela

(US Department of State, 10.Jan.2025) — US Secretary of State Antony J. Blinken issued a statement regarding the situation in Venezuela, including new actions against […]

Official Statement: Multilateral Action Maintains Pressure on Maduro and his Representatives

(US Department of Treasury, 10.Jan.2025) — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning eight Venezuelan officials who lead […]

Petrobras Says Final Favorable Arbitration Award Handed Down

(Aaron Simonsky, Energy Analytics Institute, 9.Jan.2025) — A final favorable arbitration award has been handed down in 1 of the arbitrations taking place before B3‘s […]

Fact sheet: $30.25/bbl breakeven for first 4 Stabroek developments offshore Guyana

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025, Words: 581) — Not even crude oil prices down to $35/bbl will impact the ability […]

Venezuelan Armed Forces to treat plane carrying Edmundo as “a foreign force”: Rodríguez says

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 8.Jan.2025, Words: 347) — Venezuelan soldiers have an order to treat the aircraft that aims to reach […]

GoGold Reports 36% Rise in Production at Parral in Chihuahua, Mexico

(Editors at Energy Analytics Institute, 8.Jan.2025) — GoGold Resources Inc. reported production for the quarter ending 31 Dec. 2024 of 551,337 silver equivalent ounces, consisting […]

WoodMac: Key Upstream Things to Look for in 2025

(WoodMac, 8.Jan.2025) — Improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns, setting 2025 up to be […]

Mexico’s sovereignty not to be sacrificed in efforts with US to fight against fentanyl usage

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 7.Jan.2025, Words: 249) — Mexico’s President Claudia Sheinbaum Pardo said her country would do its part […]

GMIN Receives IEP for the Oko West Gold Project in Guyana

(Piero Stewart, Energy Analytics Institute, 7.Jan.2025) — G Mining Ventures Corp. (GMIN) received an interim environmental permit (IEP) from Guyana’s Environmental Protection Agency (EPA) in response to […]

Luca Buys Back Debenture, Continues Repayments with Trafigura Mexico

(Editors at Energy Analytics Institute, 7.Jan.2025) — Luca Mining Corp., along with an arm’s-length third-party corporation, Jaluca Limited, reached an agreement with Urion Holdings (Malta) […]

Goldman Traders Finally Reap Windfall on Freak Mexico Gas Trade

NEW YORK, NEW YORK (Michael O’Boyle and Sridhar Natarajan, Bloomberg, 7.Jan.2025) — Goldman Sachs Group Inc. is set to rake in winnings almost four years […]

Brava Energia confirms details around Atlanta field

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 7.Jan.2025) — Brava Energia said 2 new wells in production in the Atlanta Field are still in […]

Olinia, Mexico’s first 100% Mexican EV ready 2026 World Cup

MEXICO CITY, MEXICO (Fidencio Casillias, Energy Analytics Institute, 3.Jan.2025, Words: 359) — The first prototype of Olinia, Mexico’s first electric vehicle (EV), that will be […]

Vizsla Announces 43% Increase in Measure, Indicated Mineral Resources in Mexico

(Editors at Energy Analytics Institute, 6.Jan.2025) — Vizsla Silver Corp. announced the results of an updated mineral resource estimate for its flagship, 100% owned Panuco […]

Talos Energy Interim President and CEO Joseph Mills Resigns with Immediate Effect

(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — Talos Energy Inc. interim president, CEO and Board member Joseph A. Mills resigned to pursue other opportunities, with […]

China’s Geely Auto Eyes Selling 2.71mn Units in 2025 v. 2.17mn in 2024

(Editors at Energy Analytics Institute, 6.Jan.2025) — Automaker Geely Auto eyes global sells of 2.71mn units in 2025, while evolving the full scale of operating […]

Commentary: Trinidad Green’s Hydrogen Economy Roadmap

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 5.Jan.2025) — Trinidad and Tobago’s long-term roadmap for a green hydrogen economy includes establishment of a green […]

EP PetroEcuador GM Leydi Jiménez Rivera Visits Shushufindi Field

(Piero Stewart, Energy Analytics Institute, 3.Jan.2025) — EP PetroEcuador general manager Leydi Jiménez Rivera made a technical visit to Block 57 and in specific the […]

LatAm NRG Heard: Keith Rowley Exit, Venture Global IPO

(Editors at Energy Analytics Institute, 3.Jan.2025) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 3 Jan. 2025. —Argentina: Gov’t […]

Mexico’s Sheinbaum says Pemex to pay all its service provider debts

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 3.Jan.2025) — Mexico’s president Claudia Sheinbaum Pardo said payments to services providers of state-owned Petróleos Mexicanos (Pemex) […]

EP PetroEcuador eyes 2 new wells from Block 59 Vinita C platform

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 2.Jan.2025) — EP PetroEcuador has an eye on Ecuador’s Block 59 where it plans to drill 2 new wells […]

YPF Starts Tender for Outstanding 8.500% Senior Notes due Jul. 2025

(Editors at Energy Analytics Institute, 2.Jan.2025) — Argentina’s state-owned YPF Sociedad Anónima commenced a cash tender offer to purchase any and all of YPF’s outstanding […]

Luca Mining Eyes 1Q:25 Commercial Output at Tahuehueto Mine in Durango

(Editors at Energy Analytics Institute, 2.Jan.2025) — Luca Mining Corp., a diversified Canadian mining company with 2 100%-owned producing mines in Mexico within the prolific […]

Staatsolie eyes raising $2.6bn to enter GranMorgu project offshore Suriname

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Jan.2025, Words: 1,451) — Staatsolie Maatschappij Suriname N.V. plans to participate in the $10.5bn GranMorgu project in […]

EAI’s 4Q:24 NRG Prospector condensed version [emagazine download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” […]

Citgo Bidding Opened to Others to Try to Top Elliott Firm

(Jef Feeley, Nicolle Yapur and Andreina Itriago Acosta, Bloomberg, 31.Dec.2024) — A US judge reset the bidding process for the parent company of Citgo Petroleum […]

Brava Energia starts production from 50 Mb/d capacity FPSO Atlanta

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 31.Dec.2024) — Brava Energia SA achieved first oil production through the Atlanta Definitive Production System after the […]

Nearly all of Puerto Rico is Without Power on New Year’s Eve

(Dánica Coto, AP) — A blackout hit nearly all of Puerto Rico early on Tuesday as the U.S. territory prepared to celebrate New Year’s, leaving […]

EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina

HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2024) — Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing […]

Brava Energia closes acquisition of 23% interest from QatarEnergy in Parque das Conchas

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 30.Dec.2024) — Brava Energia SA received approval of the National Agency of Petroleum, Natural Gas and Biofuels […]

PDVSA ad Hoc administrative board reaffirms commitment to safeguard Citgo

(Piero Stewart, Energy Analytics Institute, 30.Dec.2024, Words: 514) — The Ad Hoc Administrative Board of PDVSA reiterated its commitment to the defense of Venezuela’s assets […]

Staastolie Eyes Revenues of $720mn and EBITDA of $600mn in 2024

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 30.Dec.2024) — Staatsolie Maatschappij Suriname N.V. expects its consolidated revenue will reach $720mn in 2024, down slightly compared […]