HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) — Pan American Energy Upstream Managing Director Fausto Caretta spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentina’s Vaca Muerta formation. What follows are excerpts from his participation […]
Category: Latin America and the Caribbean
“Shale en Argentina”: IAPG President Joe Amador
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 12.Sep.2024) — IAPG Houston president Joe Amador provided a general update and overview of Argentina’s Vaca Muerta shale play during the most recent edition of “Shale en Argentina” in Houston, Texas. What follows are excerpts from Joe Amador’s participation at the event: —”If […]
“Shale en Argentina”: Pluspetrol’s Julián Escuder
HOUSTON, TEXAS (Energy Analytics Institute, 12.Sep.2024) — Pluspetrol Country Manager Julián Escuder spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during a panel discussion about ongoing and future developments in Argentina’s Vaca Muerta formation. What follows are excerpts from Julián Escuder’s participation in the […]
Scala Data Centers and Rio Grande do Sul Govt Ink Infrastructure Deal
(Scala Data Centers, 11.Sept.2024) — The government of the Brazilian state of Rio Grande do Sul, through the Department of Economic Development (Sedec), and Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, signed a letter of intent today to enable the construction of […]
Petro-Victory Energy Inks MOU with Eneva in Brazil
(Energy Analytics Institute, 10.Sep.2024) — Petro-Victory Energy Corp. has entered into a Memorandum of Understanding (MOU) with Eneva for the development of Petro-Victory’s non-associated gas resources located in the São João field, at the Barreirinhas basin, in the state of Maranhão. All of the activities to be carried out in the São […]
Pampa Announces Settlement of Cash Tender Offer
(Pampa, 10.Sept.2024) — Pampa Energía S.A. announced the settlement of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of Pampa’s outstanding Series 1 7.500% Notes due 2027 (the “Notes”) issued by the company under the indenture dated as of 24 Jan. 2017 (the “Indenture”). The Tender Offer expired at 8:00 […]
CLOU Electronics Inks BESS Warranty Service Deal in Chile
(CLOU Electronics, 10.Sept.2024) — CLOU Electronics, a BESS system integrator, has recently signed a BESS Warranty Service Agreement with INGENOVA ASESORIAS S.A. in Chile. Under this agreement, CLOU’s subsidiary, CL Energy Company, will engage the contractor to provide warranty repairs, commissioning, maintenance, and logistics services for Chile BESS market. As many […]
G Mining Ventures to Buy the CentroGold Project from BHP
(G Mining Ventures, 9.Sep.2024) — G Mining Ventures Corp. (“GMIN” or the “Corporation“) has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited. This includes the CentroGold Project (“CentroGold” or the “Project“). In consideration for the acquisition, GMIN will […]
Gerdau and Petrobras Ink Deal for Low-carbon Business Studies
(Petrobras, 9.Sep.2024) — Petrobras has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in a […]
US Court Officer Moves to Block Creditors from Derailing Citgo Auction
(Reuters, 9.Sep.2024) — U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the case to prevent creditors from pursuing additional lawsuits that could derail the sales process. Three creditors that had registered claims with the court but are unlikely to […]
Minister Young Calls for Conversation on Implementation at CCS Symposium
(Energy Analytics Institute, 7.Sep.2024) — Trinidad and Tobago’s head of the Ministry of Energy and Energy Industries (MEEI), Stuart R. Young, Acting Prime Minister of the Republic of Trinidad and Tobago, called for a move from conversation on carbon capture and storage (CCS) to implementation due to the urgency of […]
Petrobras and Embrapa to Research Low-carbon Products and Fertilizers
(Petrobras, 6.Sep.2024) — Petrobras and Embrapa signed a Cooperation Agreement (CA) this Friday (6/6) to conduct technical studies on renewable raw materials to obtain low-carbon products, including biofuels, green chemistry, and fertilizers. This partnership requires Petrobras to devise technological solutions and develop biofuel and bioproduct production plants. Embrapa, in turn, […]
Pampa Energia raises over $400mn to accelerate Vaca Muerta drive
BUENOS AIRES, ARGENTINA (Reuters, 6.Sep.2024) — Argentine natural gas producer Pampa Energia announced a debt issuance of $410 million on Friday, signaling investor confidence in the company as it expands operations in the country’s Vaca Muerta shale formation. The development of the massive shale deposit, where competitors including state-owned YPF and […]
Ecopetrol Announces Settlement of its Global Notes due 2026
(Ecopetrol, 5.Sep.2024) — Ecopetrol S.A. announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5bn. This make whole covered a notional amount of US$250mn and the repurchase price was US$1,014.41per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5 Sep. 2024, during which the eight member countries emphasized their collective resolve to […]
Vista Energy to Pump Over $1bn into Growing Argentina Shale
(Reuters, 4.Sep.2024) — In a push to unlock more of the oil riches buried in a massive shale deposit in Argentina, Vista Energy will invest about $1.1 billion this year as it also aims to cut costs there by double digits, the firm’s chief executive told Reuters. Miguel Galuccio, Vista Energy’s […]
STRYDE Awarded Landmark Seismic Contracts in Mexico
(STRYDE, 4.Sep.2024) — STRYDE, the company behind the world’s smallest, fully autonomous seismic node, has announced the signing of two significant contracts with Servicios Sísmicos de Exploración (SSE) and SeisGlobe Geoservices. These contracts represent STRYDE’s first projects in Mexico and strengthen its foothold in the Latin American market. Under the first […]
Noble Corp. Closes Diamond Acquisition
(Noble, 4.Sep.2024) — Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]
Petrobras Prices U.S. Dollar-denominated Global Notes
(Petrobras, 4.Sep.2024) — Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur […]
Sempra BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Sempra declared a $0.62/share quarterly dividend on the company’s common stock, which is payable 15 Oct. 2024, to common stock shareholders of record at the close of business on 26 Sep. 2024. Sempra’s Board of Directors also declared a semi-annual […]
Frontera Reveals $30mn Substantial Issuer Bid
(Frontera, 4.Sep.2024) — Frontera Energy Corporation announces that its board of directors has approved the commencement of a substantial issuer bid (the “Offer“) pursuant to which the company will offer to purchase from holders (“Shareholders“) of common shares of the company (the “Shares“) up to 3,375,000 Shares for cancellation at […]
Platts Launches Daily South America Lithium Triangle Price Assessments
(Platts, 3.Sep.2024) — Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, battery metals and energy transition markets, has launched the first-ever daily, physical spot market price assessments for South Americalithium carbonate, effective 2 Sep. 2024. This builds on Platts’ […]
Golden Minerals to Sell El Quevar Silver Project in Argentina
(Golden Minerals, 3.Sep.2024) — Golden Minerals Company signed a letter agreement to sell Silex Argentina S.A., its wholly-owned subsidiary that owns the El Quevar Project, and also provided updates on additional corporate activities. Silex Argentina Sale The company signed a Letter Agreement (the “Letter Agreement”) with Butte Energy Inc. whereby […]
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization
(New Fortress Energy, 3.Sep.2024) — New Fortress Energy Inc. has received authorization from the United States Department of Energy (DOE) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (FLNG 1) asset located offshore Altamira, Mexico for a term of five years. […]
Petrobras to Offer Dollar-denominated Global Notes
(Petrobras, 3.Sep.2024) — Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets, subject to market and other conditions, and (ii) cash tender offers to purchase any and all of […]
Ecopetrol Reveals Senior Management Changes
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the Board of Directors made the following appointments on 30 Aug. 2024: Ecopetrol also announces that Nicolás Azcuénaga Ramírez, whose current position is Corporate Vice President of Strategy and New Businesses, will hold that position until 15 Sep. 2024, terminating his contract by […]
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the company’s Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to […]
Petrobras and CSN Ink Deal to Supply Gas in RJ’s Free Environment
(Petrobras, 2.Sep.2024) — “Petrobras and CSN entered into a contract to supply natural gas to the CNS plant situated in Rio de Janeiro (RJ). This steelworks’ migration to the free environment has Petrobras as its chief supplier among a pool of suppliers. The new partnership in the natural gas market […]
bpTT to Divest Fields to Perenco, Refocusing Gas Business
(bp, 2.Sep.2024) — bp Trinidad and Tobago (bpTT) has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities. The agreement also includes the undeveloped resources from the Parang field. bpTT operates, and currently is the sole owner in each of […]
EAI’s NRGBriefs: Aug. 2024
(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target at the Uchuva-2 well offshore Colombia; Golar LNG and bp entering into commercial reset arrangements for FLNG Gimi; and more. LATIN AMERICA AND THE CARIBBEAN […]
Interoil Exploitation Activity in Colombia
(Interoil, 30.Aug.2024) — Interoil Exploration and Production ASA’s Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), shall carry out a campaign aimed at improving substantially the current production from all its operated fields in Colombia. This activity includes the reopening of shut-in wells in Maná, Río Opia and Ambrosia Fields, […]
Amigo LNG inks LNG supply deal with OQ Trading, Oman
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 30.Aug.2024, Words: 233) — Amigo LNG SA de CV of Mexico, a subsidiary of LNG Alliance Pte Ltd, Singapore, entered into a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied […]
Petrobras Inks 26 Concession Contracts in the Pelotas Basin
(Petrobras, 30.Aug.2024) — Petróleo Brasileiro S.A. or Petrobras, following up on Communication of 13 Dec. 2023, signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. […]
Diverging Paths: Argentina Versus Brazil’s Energy Policies
(Rystad, 29.Aug.2024) — Argentina and Brazil are the two largest economies on the South American continent, and both are places that foreign investors have been cautiously eyeing for some time now. For many years both countries pursued a similar path while sharing a similar government ideology in their respective capitals. Now, […]
Petrobras to Invest BRL 500mn in Five Supercomputers
(Petrobras, 29.Aug.2024) — Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world’s foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500mn. One of the machines, capable of processing the […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]
Sepetiba Platform Reaches Top Pre-salt Production
(Petrobras, 28.Aug.2024) — The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last 27 Aug. 2024. This milestone was reached within the estimated time frame of eight months due to the promptness […]
A Month After Venezuela’s Contested Election, the Opposition Fights On
(The Washington Post, 27.Aug.2024) — A month ago, Venezuela’s opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the entrenched autocratic regime of President Nicolás Maduro. Even as Maduro and his allies stacked the odds against their opponents, disqualifying top candidates and wielding the […]
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President Andrés Manuel López Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that it was impossible to break it. López Obrador, also known as AMLO, made the statements on 26 Aug. 2024 during […]
POWERCHINA Alleviates Harsh Conditions with Construction Projects
(Power Construction Corp. of China, 9.Aug.2024) — Power Construction Corporation of China continues to do its part to alleviate the harsh summer climate change challenges affecting many regions worldwide. The company’s series of construction projects and actions have enhanced the flood control and drought resistance capabilities of various regions in Americas, Africa, and Asia, improved […]
Ecopetrol to Execute $250mn Loan Agreement with International Bank
(Ecopetrol, 21.Aug.2024) — Ecopetrol S.A. announces that the Ministry of Finance and Public Credit (MHCP) has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476 dated August 20, 2024. The loan is expected to be executed by and between the company, as borrower, and Sumitomo Mitsui […]
NextDecade Withdraws CCS Application at FERC
(NextDecadde, 20.Aug.2024) — NextDecade Corporation’s subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding. “We appreciate the FERC’s diligence during the review process,” said NextDecade Chairman and CEO Matt […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) — New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore Altamira, Mexico (FLNG) has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed the significant milestone […]
Mexico’s First LNG Cargo Sails, Launching New Business for Pipes
(East Daley, 16.Aug.2024) — New Fortress Energy (NFE) has loaded the first cargo from its floating LNG platform offshore Altamira, Mexico. The start-up of Mexico’s first liquefaction project will contribute new demand at the Agua Dulce hub in South Texas and boost business for two pipelines in particular. In a […]
Woodside Signs Sponsorship Deal With Mexican Football Team
(Woodside, 15.Aug.2024) — Woodside Energy will sponsor the Jaiba Brava football team for the next three years. Jaiba Brava plays in the Liga BBVA Expansión MX division within the Mexican Football League, and hosts its home games at the Tamaulipas Stadium, located between the municipalities of Tampico and Ciudad Madero, in Tamaulipas. The […]
IsoEnergy Generates Six New Drill Targets at Larocque East Project
(IsoEnergy, 15.Aug.2024) — IsoEnergy Ltd. provided an update on its summer exploration program at the Larocque East Project (the “Project“), located in the eastern AthabascaBasin (Figure 1, main photo). The Company has successfully completed Ambient Noise Tomography (“ANT“) surveys covering an additional 20 km2constituting the remaining eastern extent of the property not […]
GeoPark Reports Second Quarter 2024 Results
(GeoPark, 14.Aug.2024) — GeoPark Limited reports its consolidated financial results for the three-month period ended 30 June 2024 (“Second Quarter” or “2Q2024”). A conference call to discuss these financial results will be held on 15 Aug. 2024, at 10:00 am (Eastern Daylight Time). SECOND QUARTER 2024 FINANCIAL SUMMARY In 2Q2024, […]
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) — During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the revaluation of the Colombian peso, inflationary pressures, and a decrease in the prices of our refined products. We managed these challenges with resilience, maximizing operational […]
Brazil Turns to LNG as Drought Threatens Hydro Reservoirs
(Bloomberg, 13.Aug.2024) — Brazil has emerged as the latest contender for global liquefied natural gas supplies as dry weather threatens its vast hydropower production. South America’s most populous nation typically depends on hydroelectricity for the majority of its power needs but turns to gas when water levels plunge. An expected […]
Lithium South Updates on Development Work
(Lithium South, 8.Aug.2024) — Lithium South Development Corporation provided an update regarding test work, on site development work, and business developments. Lithium Iron Phosphate Test Work The company reported the laboratory scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine obtained from its Hombre Muerto North Lithium Project […]