(Petrobras, 15.Aug.2023) — Petrobras, in relation to the news released in the media, clarifies that any decisions regarding the management of its tax liabilities are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures, considering the analysis of risks of possible unfavorable decisions […]
Category: Latin America and the Caribbean
Summit Nanotech and Power Minerals Ink Term Sheet in Argentina
(Summit, 14.Aug.2023) — Summit Nanotech, a sustainable lithium extraction technology company, and Power Minerals (ASX: PNN), a mineral resources exploration company, announced they have entered into a binding term sheet leading toward a joint venture (JV) agreement to accelerate lithium production through shared asset ownership and development at the Salar […]
Petrobras Conducting Due Diligence on Braskem
(Petrobras, 14.Aug.2023) — Petrobras, regarding the pieces of news published in the media about its participation in Braskem, reaffirms that it is conducting due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of shares held by Novonor S.A. in […]
Petrobras on Paraná Fertilizer Plant
(Petrobras, 14.Aug.2023) — Petrobras informs that it is in the final phase of studies for the resumption of fertilizer production at Araucária Nitrogenados (ANSA), its subsidiary in Paraná. After finalizing the technical and economic feasibility studies, the resumption project will be submitted for approval by the company’s Executive Board and […]
Orvana Reports Quarterly Results
(Orvana, 11.Aug.2023) — Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 30 June 2023. Q3 FY2023 Orovalle Highlights: Production of 13,398 gold equivalent ounces (1) (11,522 gold ounces, 0.8 million copper pounds and 25,965 silver ounces). Q3 FY2023 COC at $1,392 and AISC at $1,712. YTD Q3 FY2023 COC at $1,378 and AISC at $1,667. […]
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island, according to vessel monitoring data. Following days-long lines to fill drivers’ tanks and power blackouts, the communist-run nation saddled […]
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Frontera Announces 2Q:23 Results [PDF Download]
(Frontera, 10.Aug.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 30 June 2023. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continues to efficiently execute on its financial, […]
Petrobras on Fuel Distribution Market Rumors
(Petrobras, 10.Aug.2023) — Petrobras, in relation to the news released in the media, clarifies that there is no decision by the competent bodies in the company to acquire any participation in the fuel distribution market. The company also informs that at the present time it does not conduct analysis on […]
Petrobras Pondering Petrochemical Sector Strategy
(Petrobras, 10.Aug.2023) — Petrobras, regarding the pieces of news published in the media, about its participation in Braskem, reaffirms that it is currently developing analyses to define the best alternative for the execution of its strategy in the petrochemical sector within the scope of its Strategic Planning. In this sense, […]
Lithium South on Production Well Program
(Lithium South, 10.Aug.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) has formalized a contract with Well Drilling of Salta, Argentina, for the provision of a two-phase program of up to six production/pumping wells for the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. Phase One […]
Tullow Sells Interest in TGBV to Eco Guyana
(Tullow, 10.Aug.2023) — Tullow Oil Plc agreed to sell its total interest in Tullow Guyana B.V. (TGBV), which includes the Orinduik licence (Tullow 60% operated equity) in Guyana to Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration. “This transaction is […]
Braskem Records Quarterly Recurring EBITDA of $140mn
(Braskem, 9.Aug.2023) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world’s leading biopolymers producer, presents its 2Q23 Earnings Release. 2Q23 HIGHLIGHTS CONSOLIDATED Recurring EBITDA of US$140 MM, about R$703 million. Lower than 1Q23 (US$205 MM) and 2Q22 (US$802 MM). Liquidity of US$2.9 bi, return on cash flow of […]
COP28 President-Designate Stands with Brazil’s Lula da Silva
(COP28, 9.Aug.2023) — Following talks at the Amazon Cooperation Treaty Organization (ACTO) Summit in the city of BelĂ©m, COP28 President-Designate Dr. Sultan Al Jaber and Brazil’s President Lula da Silva have expressed their joint commitment to deliver a more equitable climate future, by putting nature at the core of the climate agenda at COP28. COP28 President-Designate Dr. Sultan Al Jaber commends […]
Ecopetrol’s Financial Results for the 2Q:23
(Ecopetrol, 8.Aug.2023) — The following is a statement from Ricardo Roa Barragán, President of Ecopetrol S.A.: Thanks to the efforts of our world-class team, it is an honor to present the operating and financial results of the Ecopetrol Group for 2Q23. I would like to highlight not only our resilience […]
Franco-Nevada Reports 2Q:23 Results
(Franco-Nevada, 8.Aug.2023) — “Our portfolio continues to generate strong cash flows and high margins. The second quarter’s results benefited from our core assets returning to normal production and deliveries caught up from the disruptions in Q1. Revenue from our Diversified assets was impacted by lower oil, gas and iron ore […]
Talos Energy Reveals 2Q:23 Operational and Financial Results
(Talos, 8.Aug.2023) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for fiscal quarter ended June 30, 2023. Key Highlights: Drilled a successful commercial discovery at the Talos-operated Sunspear prospect. Announced a transaction with Grupo Carso, selling a 49.9% interest in Talos Energy Mexico 7, S. de R.L. de C.V. […]
Petrobras on Strategic Plan 2024-2028
(Petrobras, 7.Aug.2023) — Petrobras, in relation to the news released in the media and as disclosed to the market on 06/01/2023, informs that the Strategic Plan 2024- 2028 will have as a driver, among others, the forecast of low-carbon CAPEX for the range between 6% and 15% of the total […]
CSI Continues Leverage Reduction
(CSI, 7.Aug.2023) — CSI Compressco LP (NASDAQ: CCLP) announced second quarter 2023 results. Second Quarter 2023 Results: Total revenues were $96.8mn compared to $84.5mn in the second quarter 2022. Contract services revenue increased to $70.5mn compared to $64.3mn in the second quarter 2022. Net loss was $2.6mn compared to a net loss of $6.8mn in the second quarter 2022. Adjusted EBITDA was $32.5mn compared to $26.4mn in […]
Scala Data Centers Enables New Hyperscale Market in Chile
(Scala Data Centers, 7.Aug.2023) — Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, announces the start of the SSCLCR01 data center operations, located in Curauma, ValparaĂso region, Chile. Scala’s new data center, boasting an investment of $65mn and a robust 5MW of IT capacity, has […]
Authorities Approve JV between Aker Solutions, SLB and Subsea7
(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals. Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]
Argentina Could be Epicenter of New Stage of Lithium Supply
(S&P Global, 4.Aug.2023) — Argentina, the world’s fourth largest lithium producer, second in resources, has been cast as the promising supplier to leapfrog Chile in the short term, as it holds a strong pipeline of lithium projects close to coming online and set to unlock a wave of production of […]
Hot Chili Starts Drill Program At Costa Fuego Project
(Hot Chili Limited, 3.Aug.2023) ) — Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announced that drilling has re-commenced across the western extension of the Cortadera porphyry resource, part of the Company’s Costa Fuego Copper-Gold Project located 600 km north of Santiago, at low elevation (<1,000 m) in the coastal range […]
AES Reports Strong Execution on Strategic Priorities
(AES, 3.Aug.2023) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended June 30, 2023. Highlights: Reaffirms 2023 Guidance and Annualized Growth Rate Targets for All Metrics Strategic Accomplishments Signed new long-term contracts for 2.2 GW of renewables in year-to-date 2023 On track to complete construction of 3.4 GW of […]
EAI’s NRGBriefs: Jul. 2023
(Energy Analytics Institute, 31.Jul.2023) — Energy briefs as well as others related to finance and projects during July 2023 including Dominion Energy (NYSE: D) concluding a sale process and executed a definitive agreement to sell its 50% non-controlling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy; Vista […]
MPC Energy on Developments in Panama and El Salvador
 (MPC Energy, 31.Jul.2023) — MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of 2023, corresponding to USD 3.5 million in revenues and USD 2.3 million EBITDA. The total revenue and EBITDA, including the Company’s trading activities […]
Frontera Energy on 2Q:23 Financial Results, Conference Call
(Frontera, 31.Jul.2023) — Frontera Energy Corporation (TSX: FEC) announces that its second quarter 2023 results will be released after markets close on Thursday, 10 August 2023. A conference call for investors and analysts will be held on Friday, 11 August 2023, at 11:00 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of […]
Ecopetrol on Operation to Sanction Hydrocarbon Theft and Smuggling
 (Ecopetrol, 31.Jul.2023) — Considering the information known to public, the Board of Directors of Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reiterates the press release issued by the company yesterday, which stated that Ecopetrol, Cenit and Oleoducto de Colombia have actively collaborated with the different authorities for the execution of the “Bunkering Imperio” operation. In […]
TotalEnergies Named Most-admired Explorer in WoodMac Survey
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies […]
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Petrobras 2Q:23 Results [PDF Downloads]
(Petrobras, 26.Jul.2023) — In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, […]
Equinor Buys Rio Energy Including Selected Assets
(Equinor, 21.Jul.2023) — Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. […]
Sale of Certain Rio Energy Assets, Trade Name to Equinor
(Denham Capital, 21.Jul.2023) — Denham Capital, the global energy transition investment firm, has signed an agreement with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Rio Energy, a leading developer, owner and operator of renewable energy projects in Brazil delivers low […]
Mainstream Initiates Judicial Reorganization Proceedings in Chile
(Mainstream Renewable Power, 20.Jul.2023) — Mainstream Renewable Power confirms it has initiated Judicial Reorganisation Proceedings for Huemul EnergĂa SpA and Condor EnergĂa SpA (the “EnergĂa Companies”), which are part of its 1.4 GW Andes Renovables wind and solar platform in Chile. Following a period of constructive engagement with the lenders […]
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IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
Who are Venezuela Creditors Seeking to Seize Citgo?
(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes as a negotiation team representing Venezuela progresses in talks with bondholders and creditors with arbitration awards from expropriation claims, a move to avoid a breakup […]
Transocean Reveals $518mn Ultra-Deepwater Contract
(Transocean, 18.Jul.2023) — Transocean Ltd. (NYSE: RIG) announced that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater Proteus no later than one year prior to the earliest date in the commencement window. […]
Machado would restructure debt into single bond
CARACAS, VENEZUELA (Bloomberg, 18.Jul.2023, Words: 218) — Opposition frontrunner MarĂa Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as part of her plan to overhaul the country’s economy. Speaking after a video presentation to economists and investors in New York on Tuesday, Machado said […]
Petro Victory Energy Corp Appoints New COO
(Petro-Victory, 11.Jul.2023) — Petro-Victory Energy Corp. (TSXV: VRY) announced the appointment of Mr. Andre Naslausky as Chief Operating Officer. With a distinguished international career in the oil and gas industry, Mr. Naslausky has consistently demonstrated his ability to drive profitable growth and operational excellence. Highlights Former Vice President of Schlumberger […]
Argentina Inaugurates Gas Pipeline to Reverse Energy Deficit
(Reuters, 9.Jul.2023) — Argentina inaugurated on Sunday the first stage of a gas pipeline that will carry natural gas from the Vaca Muerta formation in western Argentina to Santa Fe province by way of Buenos Aires province, an essential work to reverse the country’s significant energy deficit. Vaca Muerta, a […]
Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors
(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to pay creditors with claims on the nation’s foreign assets. Venezuela is battling in U.S. court against bondholders and creditors claiming more than $20 billion from […]
Ecopetrol on Prepayment of Notes Maturing in Sep. 2023 [PDF Download]
(Ecopetrol, 7.Jul.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), as part of its comprehensive debt management, will redeem (make whole) the remaining amount of its international notes maturing in September 2023, which were issued in 2013. The outstanding principal amount of the notes is $821.5mn with a coupon rate of 5.875% (CUSIP: 279158 AC3 / ISIN: […]
Welligence Reveals LNG Outlook to 2030
(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]
PetroTal Reveals Record Production in 2Q:23
(PetroTal, 6.Jul.2023) — PetroTal Corp. (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announce the following operational and corporate update. Record Q2 2023 Production PetroTal achieved a record production of 19,031 barrels of oil per day (bopd) in Q2 2023. This was underpinned by robust production from the company’s newly drilled 15H well and […]
SLB Awarded Contract for Petrobras’ Digital Transformation
(SLB, 6.Jul.2023) — SLB (NYSE: SLB) has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents […]
Bunge, Chevron Acquire Argentina’s Chacraservicios
(Bunge, 5.Jul.2023) — Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source in Bunge and Chevron’s global supply chains and will help both companies meet the growing demand for […]
Mexico Pacific and Zhejiang Ink Long-Term LNG SPA
(Mexico Pacific, 5.Jul.2023) — Zhejiang Energy International Limited and Mexico Pacific Limited signed a sales and purchase agreement for Zhejiang Energy to offtake 1.0 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.Under the sales […]
Ecopetrol Names Reyes Interim VP of Corporate Affairs
(Ecopetrol, 30.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) appointed Germán González Reyes as acting Vice President of Corporate Affairs and Secretary General, effective from 5 July 2023 and until the appointment of a new Vice President of Corporate Affairs and Secretary General. Germán González Reyes is a lawyer with a specialization in Socioeconomics from […]
EAI’s NRGBriefs: Jun. 2023
(Energy Analytics Institute, 30.Jun.2023) — Energy briefs as well as others related to finance and projects during June 2023 including YPF and Petronas updating on their joint plans to develop a 25 MTPA LNG facility in Argentina; Caterpillar Inc. saying its chief legal officer and general counsel Suzette M. Long will retire […]
Oz Lithium Crew on Site at Laguna Santa Maria Argentina
(Oz Lithium, 29.Jun.2023) — Oz Lithium Corporation (CSE: OZLI) (OTC: GRXXF) (Frankfurt: G0A) said evaluation work has begun at the Laguna Santa Maria Project, located in the northwest territory of the Province of Salta, Argentina. The project is fully permitted and licensed for the production of sodium carbonate, commonly referred to as soda ash, and […]
NGC Acquires Heritage Petroleum’s Upstream Assets
(NGC, 29.Jun.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) deepened its presence and participation along the local natural gas value chain, with its latest acquisition of shareholdings in several upstream gas assets. Following the execution of a Sales and Purchase Agreement in July 2021, NGC E&P Investments […]
Sempra Commemorates 25 Years of Innovation and Safety
(Sempra, 29.Jun.2023) — Sempra (NYSE: SRE) (BMV: SRE) begins its 25th year of business, marking a quarter century of continued performance and progress toward its mission to be North America’s premier energy infrastructure company. “Over the past 25 years, we have been connecting people to safer, more reliable and cleaner energy sources, empowering communities and providing value […]