Latin America and the Caribbean Archives - Page 55 of 220

Argentina Oil & Gas Patagonia: 23 Oct. Photo Journal

(Energy Analytics Institute, 23.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]

With Sweeping Blackouts in Cuba Why Has the Island’s Solar Buildout Been so Slow?

(AP, 23.Oct.2024) — Cuba’s large-scale blackouts that left 10 million people without power this month may not have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say. In a nation with plentiful sunshine, Cuban officials have long had […]

MODEC Completes Errea Wittu Hull Assembly

(Energy Analytics Institute, 23.Oct.2024) — MODEC, Inc. successfully completed the hull block assembly for the Errea Wittu FPSO 40 days ahead of the original schedule. The vessel to be designated for Guyana is under construction at the shipyard in China and is expected to start oil production in 2026, MODEC […]

Venezuela’s Maduro proposes new economy at BRICS Plus Summit

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 165) — During the plenary session of the XVI BRICS Plus Summit held in the Russian city of Kazan, Venezuela’s President Nicolás Maduro Moros emphasized the need for a new economic agenda with what he called practical solutions to the […]

Pemex Looks to Boost Reserves During Sheinbaum Presidency

(Reuters, 23.Oct.2024) — Mexican state oil company Pemex aims to increase its hydrocarbon reserves and ensure their restitution during the government of new President Claudia Sheinbaum, according to an internal Pemex document seen by Reuters on Wednesday. It will also intensify deepwater exploration and develop new business models to attract […]

Venezuela’s Maduro and Russia’s Putin discuss strategic alliances during BRICS Summit

PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2024, Words: 211) — Venezuela’s President Nicolás Maduro held at least one meeting with his Russian counterpart Vladimir Putin within the framework of the XVI BRICS summit, taking place in Kazan, Russia. Discussions between the two leaders revolved around strategic relations between Caracas and […]

Mexico to offer monetary assistance to Cuba amid blackouts impacting the island

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 23.Oct.2024, Words: 111) — Mexico’s president Claudia Sheinbaum said her government would offer Cuba, which is suffering from widespread blackouts, monetary assistance as well as assistance through the Federal Electricity Commission (CFE by its Spanish acronym). Sheinbaum, speaking on 23 Oct. 2024 […]

bpTT’s Mento platform nears sail away

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Oct.2024, Words: 207) — Trinidad and Tobago acting prime minister and head of the Ministry of Energy and Energy Industries (MEEI), Stuart Young, toured the Mento platform at the TOFCO fabrication yard on 23 Oct. 2024. Young toured the facility accompanied by […]

GeoPark Argentina Approved to Issue up to $500mn in Debt

(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited’s wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (Comisión Nacional de Valores or “CNV” by its Spanish acronym) to issue up to $500mn in debt securities over the next five years. Additionally, GeoPark Argentina has obtained an “AA+(arg)” […]

GeoPark Limited’s Mata Mora Norte Block Producing over 12,500 boe/d

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited said the Mata Mora Norte Block is currently producing over 12,500 barrels of equivalent oil per day (boe/d) gross and is expected to generate $90mn-$100mn in adjusted EBITDA in the full-year 2024 on a pro-forma basis. By the 2028-2030 […]

EU Backs CCUS Project at Cemex’s Rüdersdorf Cement Plant

(Cemex, 22.Oct.2024) — A consortium comprised of Cemex and Linde, a global industrial gases and engineering company, has been selected to receive €157mn in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex’s Rüdersdorf Cement Plant in Germany. The project, Cemex’s largest planned Carbon Capture […]

Argentina Oil & Gas Patagonia: 22 Oct. Photo Journal

(Energy Analytics Institute, 22.Oct.2024) — Argentina Oil & Gas Patagonia 2024, under the organization of IAPG, took place from 23-25 Oct. 2024. What follows are photo-journalistic excerpts from the event. All photos are courtesy of IAPG. ____________________ By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights […]

Venezuela Arrests Former Oil Minister Tellechea

(Reuters, 21.Oct.2024) — Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General Tarek Saab said on Monday, the latest high-profile detention connected to management of Venezuela’s sanctioned oil industry. In a statement on Instagram, Saab said Tellechea had been arrested in the early hours of Sunday […]

Petrobras Reveals 3Q:24 Results Details

(Energy Analytics Institute, 21.Oct.2024) — Petrobras will release its 3Q:24 Production and Sales Report on 28 Oct. 2024 and its 3Q:24 Financial Performance Report on 7 Nov. 2024, both after the markets close. On 8 Nov. 2024, a webcast will be held to present the company’s results for the 3Q:24. […]

Mexico gas consumption up during Jan.-Sep. 2024, French IEA says

MEXICO CITY, MEXICO (Energy Analytics Institute, 20.Oct.2024, Words: 130) — The Paris-based International Energy Agency (IEA) commented on Mexican natural gas demand in its most recent report. In Mexico, gas consumption grew by an estimated 2% or 1.5 billion cubic meters (bcm) year-over-year in the first-nine months of 2024 amid […]

PEP Reveals Goals and Actions for 2024-2030

(Energy Analytics Institute, 19.Oct.2024) — Pemex Exploration and Production (PEP) announced actions and goals it will pursue during the 2024-2030 timeframe under Mexico’s new President Claudia Sheinbaum. Actions to strengthen PEP include:• Strengthening and increasing exploratory activity with 3D seismic, in order to promote new developments.• New developments will be […]

Ecopetrol Appoints Carlos Mauricio Avila Saldarriaga as VP

(Ecopetrol, 18.Oct.2024) — Ecopetrol S.A. revealed the following senior management appointments, which were made effective as of 16 Oct. 2024: Carlos Mauricio Avila Saldarriaga was appointed as Vice President of Subsidiaries and Assets with Partners. Carlos is a Petroleum Engineer from Universidad América, with further education in finance, project management […]

IEA: Shipping Route Interruptions in 3Q:24

(International Energy Agency, 18.Oct.2024) — The strong momentum behind LNG project development continued in 2024 even with no US projects reaching final investment decision Since Russia’s full-scale invasion of Ukraine, over 150 bcm per year of LNG liquefaction capacity has been approved. The United States alone accounted for 75% of […]

IEA: Colombia 3Q:24 Gas Market Report Update

(International Energy Agency, 18.Oct.2024) — In Colombia in Jan. 2024 the government declared a national disaster situation for a period of 12 months due to the impact of the El Niño weather phenomenon, which brought extreme drought and sizzling heatwaves. While Colombia’s hydropower output decreased by over 25% y-o-y from […]

SLB Reports Rise in LatAm Revenues in 3Q:24 [PDF Downloads]

(Energy Analytics Institute, 18.Oct.2024) — SLB announced that its revenue in Latin America reached $1.69bn in the third-quarter 2024, down 3% sequentially, reflecting lower production system sales in Brazil and reduced drilling activity in Mexico and Guyana. Year over year, SLB said 18 Oct. 2024 in its official third-quarter 2024 […]

Fact sheet: Citgo Petroleum’s US refineries, terminals, and pipelines

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Oct.2024, Words: 185) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have a combined total refining capacity of approximately 807,000 b/d. Each refinery has the capability to process large volumes […]

LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said.

TotalEnergies Divests Fuel Distribution Activities in Brazil

(Energy Analytics Institute, 18.Oct.2024) — France’s TotalEnergies inked an agreement to divest its fuel distribution activities in Brazil to the Brazilian company SIM Distribuidora. The divestment involves a network of around 240 filling stations and several storage facilities for petroleum products and ethanol, TotalEnergies said 18 Oct. 2024 in an […]

EAI brief: Amber Energy CEO resigns from Exxon’s BODs

HOUSTON, TEXAS (By editors with Energy Analytics Institute, 17.Oct.2024, Words: 65) — Amber Energy CEO Gregory J. Goff resigned as a member of the board of directors of Exxon Mobil Corporation to pursue other business opportunities. Exxon revealed the details in an 17 Oct. 2024 Form 8-K filing with the […]

Mexican Senate Votes to Give Constitutional Preference to CFE

(Reuters, 17.Oct.2024) — Mexico’s Senate voted to amend the country’s constitution late on Wednesday to give dispatch preferences to state electricity company CFE, cementing the national power generator’s preferential status above foreign or private competitors. The initiative passed the upper chamber of Congress with 86 votes to 39, meeting the […]

CNOOC Inks 4 Contracts for Blocks Offshore Brazil

(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum (ANP) and the partners in the Pelotas Basin. The contracts were signed for S-M-1813 in the Santos Basin, P-M-1737/39/97 in the […]

Overview: Shell Deer Park

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Oct.2024) — Just before the Great Depression, Shell became the first manufacturer to call Deer Park home in 1929. At that time, Deer Park had no other businesses or buildings in what is now a bustling community about 20 miles east of downtown […]

Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]

(Woodside, 16.Oct.2024) — Woodside Energy reported record third-quarter 2024 production of 53.1 MMboe (577 Mboe/d), up 20% sequentially from the second-quarter 2024 due to ramp-up of Sangomar offshore Senegal, increased uptime across operated assets including 99.9% LNG reliability at Pluto and increased seasonal domestic gas demand. Woodside narrowed its full- […]

DNV Supports Atlas in Battery Project in Chile

(DNV, 15.Oct.2024) — DNV has supported Atlas Renewable Energy in securing $289mn in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy […]

Miros Secures ISO 27001 Certification for ISMS

(Miros, 15.Oct.2024) — Miros, involved providing real-time ocean insights for maritime operations, has successfully obtained ISO 27001, the world’s leading standard for information security management systems (ISMS). A major milestone in the company’s mission to set the highest standards for information protection, this internationally recognized certification sets out guidance for […]

FPSO Maria Quitéria Starts Operating in Campos Basin

(Petrobras, 15.Oct.2024) — The Maria Quitéria platform ship produced its first oil on 15 Oct. 2024 in the Jubarte field, pre-salt in the Espírito Santo portion of the Campos Basin. The unit can produce up to 100,000 barrels of oil a day and process up to 5 million cubic meters […]

Preliminary Work on Dragon Gas Project Begins

PORT OF SPAIN, TRINIDAD AND TOBAGO (MEEI, 14.Oct.2024) — On 11 Oct. 2024, Trinidad and Tobago’s Prime Minister Keith C. Rowley and Ministry of Energy and Energy Industries (MEEI) head Stuart R. Young, along with representatives from Shell and the National Gas Company (NGC) visited the Dona Jose 2 vessel […]

Deadly Houston Fire Highlights Pemex’s Grim Safety Record

(Bloomberg, 14.Oct.2024) — A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, halted some of its operations after a hydrogen […]

Petrobras Inks 3 Concession Pelotas Basin Contracts

(Energy Analytics Institute, 9.Oct.2024) — Petrobras signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle. The concessions were acquired in partnership with Shell and CNOOC at the Dec. 2023 public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Petrobras announced 14 […]

Pemex Deer Park Scales Back Operations after Accident

(Reuters, 12.Oct.2024) — Mexican national oil company Pemex‘s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, the company said in a statement late on Friday. The state-owned oil company added that it continues to investigate the cause of […]

Inkia to Become the Largest Renewable Producer in Peru

(Inkia, 11.Oct.2024) — Inkia Energy, through its wholly-owned subsidiary Kallpa, received environmental approval for the expansion of its solar power plant currently under construction in Southern Peru, a leading global solar resource hub. The approval will bring the solar project, Sunny, from 228 MWp to 338 MWp, and is expected […]

LatAm NRG matters, highlights, heard: YPF partner search, Woodside acquires Tellurian

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 Oct. 2024. —Argentina: YPF S.A. continues to search the world over for potential partners to enter into the Argentina LNG project to be domiciled in […]

Pemex’ general director Padilla provides Deer Park accident update

MEXICO CITY, MEXICO (Energy Analytics Institute, 11.Oct.2024) — Petróleos Mexicanos (Pemex) general director Víctor Rodriguez Padilla provided an immediate briefing related to the 10 Oct. 2024 accident at the state company’s Deer Park refinery in Houston, Texas. Padilla said a sulfur gas leak at the refinery in Houston impacted 35 workers of […]

CSB to Probe Fatal Release at Pemex Refinery in Deer Park

(CSB, 11.Oct.2024) — The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that it is launching an investigation into a fatal release of hydrogen sulfide at the Pemex petroleum refinery in Deer Park, Texas, which occurred yesterday, October 10. Two contract workers died as a result of the release, […]

Clica Declared Protected Natural Area, not an Expropriation

(Energy Analytics Institute, 11.Oct.2024) — The head of Mexico’s Ministry of Environment and Natural Resources (Semarnat) declared the Calica mine a Protected Natural Area (ANP by its Spanish acronym) and not an expropriation. The details were revealed by the Semarnat Secretary Alicia Bárcena Ibarra, who presented the case of Calizas […]

Ecopetrol to Liquidate Ecopetrol Energia S.A.S E.S.P.

(Energy Analytics Institute, 10.Oct.2024) — Shareholders of Ecopetrol Energia S.A.S E.S.P. voted with an 100% affirmative vote to authorize its liquidator, Christian Schneider Jaramillo, to carry out all the necessary steps for the due liquidation of this company. Ecopetrol Energia, which was responsible for the commercialization of energy, cancelled its […]

New Pemex refinery at about 80% of capacity: Sheinbaum says

MEXICO CITY, MEXICO (Reuters, 10.Oct.2024, Words: 220) — Mexico’s state-owned Pemex’s new oil refinery is processing crude at about 80% of its capacity, the country’s president said on Thursday, an amount that marks a big jump from the company’s latest official data. The Olmeca refinery located near Mexico’s Gulf coast port of Dos Bocas […]

Saguaro LNG Endangers California Marine Life, Activists Warn

(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, a planned liquefied natural gas (LNG) plant and export terminal. The US $14 billion project led by the Houston-based company […]

Sheinbaum Says Mexico Not Looking to Boost Nuclear Energy

(Energy Analytics Institute, 10.Oct.2024) — Mexico’s President Claudia Sheinbaum said her country had no plans to boost its nuclear capacity. “I’m not pro-nuclear because nuclear has other environmental impacts,” Sheinbaum during her 10 Oct. 2024 daily news briefing with the media. “It doesn’t emit greenhouse gases that provoke climate change […]

Trinidad’s gas output averaged 2.36 Bcf/d in Jul. 2024

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 9.Oct.2024) — The production of natural gas in the twin-island nation of Trinidad and Tobago averaged 2.36 Bcf/d in Jul. 2024, according to the most recent data published by the Ministry of Energy and Energy Industries (MEEI). BPTT was the largest gas […]

Citgo Auction in Jeopardy as Bondholders Pursue Claims

(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum, threatening to derail an auction to compensate more than a dozen companies for unpaid debts and expropriations […]

Suriname First Development Boosted

(Energy Analytics Institute, 8.Sep.2024) — APA Corporation recently provided additional details around the final investment decision (FID) taken offshore Suriname with its French partner TotalEneriges. The development is the first deep oil development offshore Suriname. Appraisal drilling confirmed gross estimated recoverable resources of more than 750 million barrels of oil, […]

Ecopetrol Commences Cash Tender Offer for 5.375% Notes

(Ecopetrol, 8.Oct.2024) — Ecopetrol S.A. announced commencement of a cash tender offer (the “Offer”), to purchase any and all of its outstanding 5.375% Notes due 2026 (the “Securities”), upon the terms and subject to the conditions set forth in Ecopetrol’s Offer to Purchase, dated 8 Oct. 2024 (as the same […]

Petrobras Sets New Refinery Production Records

(Petrobras, 7.Oct.2024) — Petrobras reports that the Total Utilization Factor (FUT) of its refineries reached 96.8% in Sep. 2024, representing the highest monthly result in 2024. As a result, the accumulated FUT for the third quarter of the year (3Q24) reached 95.2%. The third quarter of this year also registered […]

GeoPark Announces 3Q:24 Operational Update

(GeoPark, 9.Oct.2024) — GeoPark Limited announces its operational update for the three-month period ended 30 Sep. 2024 (“3Q:24”). Oil and Gas Production and Operations Llanos 34 Block: Secondary Recovery Continues CPO-5 Block: Production Remains Close to Record Levels Argentina: Mata Mora Norte Block in the Vaca Muerta Top 10 Llanos […]