Latin America and the Caribbean Archives - Page 71 of 220

Ecopetrol Issues $1.5bn in Bonds [PDF Download]

(Ecopetrol, 29.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced that, as part of its refinancing strategy and financing of the 2023 investment plan, it successfully placed External Public Debt Bonds in the international capital market, based on the authorization issued by the Ministry of Finance and Public Credit through Resolution 1592 of 28 June […]

CGX and Frontera Find 210 Feet of Hydrocarbon-Bearing Sands in Guyana

(Frontera, 28.Jun.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX in the Petroleum Prospecting License for the Corentyne block offshore Guyana, are excited to announce today that the Joint Venture has discovered oil at the Wei-1 […]

Guyana not interested in joining OPEC, VP says

(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. Guyana – which has become one of fastest growing crude-oil producers […]

PDV Holding Recovers Citgo Stock Certificate

(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding Inc. from an arm of Russian-controlled oil company Rosneft on Wednesday, 21 June 2023. This event brings to a close years of effort to recover […]

Maxeon Solar Ribbon Cutting Ceremony in Mexicali

(Maxeon Solar, 26.Jun.2023) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) hosted a ribbon cutting event in its recently expanded and renovated manufacturing plant in Mexicali, Baja California, Mexico. Maxeon was honored to welcome the Governor of the State, Marina del Pilar Ávila Olmeda, among other distinguished guests. Leadership members of Maxeon hosted the celebration. For […]

Vehya and Utilimaster Extend EV Installations into Mexico

(Vehya, 26.Jun.2023) — Vehya, the dedicated marketplace platform for Electric Vehicle Supply Equipment (EVSE), announces a strategic partnership with Utilimaster, a go-to-market brand of The Shyft Group’s Fleet Vehicles & Services business unit, and Stellantis N.V., a automaker and mobility provider, as they expand their services into Mexico. Building on their ongoing […]

Noria Energy Launches Urrá Floating Solar Project

(Noria Energy, 22.Jun.2023) — A new solar power system floating on the reservoir at Colombia’s Urrá Dam will demonstrate that hydroelectric dams dealing with fluctuating water levels can pair with floating solar generation to boost energy reliability and increase production. Noria Energy conceived and led development of the 1.5 MW solar project, which is […]

Cuban Officials Return from Russia with Promises of Oil

(Reuters, 20.Jun.2023) — A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May. Longtime political allies Cuba and Russia – both subject to U.S. […]

Woodside makes $7.2bn FID for Trion offshore Mexico [PDF download]

PERTH, AUSTRALIA (By Woodside, 20.Jun.2023, Words: 257) — Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028. The development is subject to […]

Tecpetrol Updates on Alpha Lithium Offer

(Tecpetrol, 19.Jun.2023) — Tecpetrol Investments S.L., a member of the Techint Group, announced the following updates to shareholders of Alpha Lithium Corporation with respect to its offer to acquire all of the issued and outstanding common shares of Alpha, a Canadian incorporated, headquartered and listed company. Continued Willingness to Engage and […]

Ecopetrol Requests Disbursement of Financing Line

(Ecopetrol, 16.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its strategy of integral debt management and refinancing of the 2023 maturities, it requests the disbursement of the resources associated to the financing line for an amount of COP 1tn, contracted with Bancolombia, that was announced to the market on 17 March […]

Guyana Postpones Offshore Auction to mid-August

(Reuters, 16.Jun.2023) — Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore […]

Ecopetrol Informs Resignation of VP of Corporate Affairs

(Ecopetrol, 16.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Vice President of Corporate Affairs and General Secretary, María Paula Camacho Rozo, resigned from her position effective 5 July 2023, to assume a new professional challenge in another company. The company appreciates the management and achievements of Maria Paula during her 25 years of work […]

Petrobras on Remuneration Payment to Shareholders

(Petrobras, 16.Jun.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023, 04/27/2023 and 06/12/2023, informs that today it has paid 2nd installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by the Selic interest rate from […]

Venezuela’s Dictator Maduro is Shameless

(Miami Herald, 16.Jun.2023) — It’s official: The Venezuelan regime will pick a new electoral tribunal to oversee the 2024 presidential elections, and — guess what! — its members will be effectively picked by none other than dictator Nicolás Maduro’s wife. The dictatorship apparently decided to rig next year’s elections ahead of […]

Lithium South Enhanced Resource Update

(Lithium South, 15.Jun.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is providing an update on the recently completed exploration program and status of the updated Mineral Resource Estimate that is currently underway for the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina. All core samples have been […]

Latin America and the Caribbean

FleetZero and EVoke Systems to Provide Zero Emission Fleets

(Evoke Systems, 15.Jun.2023) — A new partnership facilitates open and scalable platform solutions for energy management challenges that fleets face when adopting and utilizing EVs and EV charging infrastructure. EVoke Systems and FleetZero Inc. announced a strategic partnership that enables FleetZero to distribute EVoke System’s open and scalable cloud platform for electric vehicle (EV) charging, energy […]

Mantra Closes Purchase of Bolivian Properties

(Mantra, 13.Jun.2023) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) closed its acquisition of two highly prospective licenses, being the East Trend and Media Sur properties, in the San Ramon Greenstone belt in Bolivia. Under the share purchase agreement with Jacob Garland (the “Vendor”), the company acquired all of the shares of […]

Mexico City Mayor Sheinbaum to Step Down Ahead of 2024 Elections

(Bloomberg, 12.Jun.2023) — Mexico City Mayor Claudia Sheinbaum will resign from her post on June 16 to start her presidential campaign ahead of next year’s election. “I have made the decision to permanently resign from my post on June 16 with the purpose of becoming the first female in the history of […]

Ecopetrol on Arbitration Issued in Favor of Reficar

(Ecopetrol, 8.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the International Chamber of Commerce decided in favor of Refinería de Cartagena S.A.S (Reficar), a subsidiary company of Ecopetrol, in the framework of an arbitration proceeding against Chicago Bridge & Iron Company N.V., CB&I (UK) Limited and CBI Colombiana S.A. (collectively “CB&I”), […]

Petrobras on Potiguar Cluster

(Petrobras, 7.Jun.2023) — Petrobras, following up on the releases disclosed on 01/31/2022 and 05/19/2023, informs that, after compliance with all the precedent conditions provided for in the binding contract signed on 01/31/2022, concluded today the transfer of its total stake (100%) in the set of 20 concessions of onshore and shallow water […]

Power Cuts Hit Venezuela’s West

(Reuters, 7.Jun.2023) — Daily power cuts have returned to west-central Venezuela, shutting air conditioners during a heat wave and hitting factories, households and utilities as poorly maintained thermal plants fail to compensate for weak hydroelectric generation, residents, engineers and analysts said. “It is inhumane that in a city like this they […]

Trinidad to Restart Idled LNG Unit by Early 2027

(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s ownership and negotiate new gas supplies, according to three people with knowledge of the plans. Trinidad is Latin America’s largest LNG exporter, but its joint venture […]

Petrobras on Unigel Discussions

(Petrobras, 6.Jun.2023) — Petrobras has initiated discussions with Unigel Participações S.A. to analyze joint business involving opportunity development in the areas of fertilizers, green hydrogen and low-carbon projects, in line with the revision of the strategic elements for Petrobras’ Strategic Plan 2024-2028 (SP 2024-28), as disclosed to the market on 1 June […]

PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid

(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New York state’s highest court to reject claims that the bonds are invalid. Lawyers for Venezuela’s opposition, which has controlled PDVSA’s U.S. assets including Citgo since 2019 […]

QatarEnergy Inks PSC for Agua-Marinha Block

(QatarEnergy, 3.Jun.2023) — QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petróleo Brasil Ltda. (PPBL) signed the Production Sharing Contract (PSC) for the Agua-Marinha block which was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round, by Brazil’s National Agency of Petroleum, Natural Gas, […]

New Fortress Gets Export Approval for Altamira Fast LNG

(New Fortress Energy, 2.Jun.2023) — New Fortress Energy Inc. (NASDAQ: NFE) has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (Secretaría de Energía (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through […]

Petrobras Confirms Talks with Apollo and Adnoc

(Petrobras, 1.Jun.2023) — Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras’ position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. […]

Petrobras on Elements of Strategic Plan 2024-2028

(Petrobras, 1.Jun.2023) — Petrobras informs that its Board of Directors approved yesterday the revision of the strategic elements for the 2024-2028 Strategic Plan (2024-28 SP), as well as the low carbon CAPEX driver for the range between 6% and 15% of total CAPEX for the first five years of the new Plan, […]

Petrobras on Start-up of Almirante Barroso FPSO

(Petrobras, 31.May.2023) — Petrobras started the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m3 of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently averages 560,000 […]

Petrobras on PSCs with TotalEnergies, QatarEnergy, Petronas and Shell

(Petrobras, 31.May.2023) — Petrobras signed the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras acquired the block […]

EAI’s NRGBriefs: May 2023

(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]

GoGold Intercepts High Grade at Los Ricos South

(GoGold Resources, 31.May.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announced additional drilling results from Los Ricos South, within the Eagle Deposit, including an exceptionally wide, high-grade intercept from hole LRGAG-22-165. The hole intercepted 50.0m of 1,126 g/t silver equivalent (“AgEq”), including 7.8m of 6,334 g/t AgEq which also included a very high-grade interval of 46,822 g/t […]

SOLEK Closes $379mn Financing for PV Projects in Chile

(SOLEK, 31.May.2023) — Solar energy group SOLEK closed a $379mn financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD plants located in the Central Region. The fast-growing company in the renewable and solar energy sector owns a portfolio of approximately 284MWdc in Chile and has more than 400MW of projects in […]

Vaca Muerta Could Produce 1 MMb/d by 2030, Rystad Says

(Rystad Energy, 31.May.2023) — Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling […]

Petrobras on Natural Gas Commercial Portfolio

(Petrobras, 29.May.2023) — Petrobras approved new natural gas sales products and is participating in the competitive public call processes for state distributors with the new commercial portfolio. With the opening of the natural gas market, which already has contracts with more than 14 suppliers, the company has developed a new commercial portfolio […]

bpTT Adds Mango Field Production

(bpTT, 29.May.2023) — bpTT today announces the successful completion of the first phase of its “small pools” drilling campaign which began in October 2022. The campaign includes three wells in the Mango field, one well in the Savonette field and 3 wells in the Angelin field. The first phase of […]

Colombia Needs New Oil Drilling, Former Finance Chief Says

(Bloomberg, 27.May.2023) — Colombia needs new oil exploration after a drop in the nation’s proven reserves as the government seeks to accelerate its energy transition, according to former Finance Minister Jose Antonio Ocampo. The Andean nation had proven crude reserves equivalent to 7.5 years of output as of the end […]

Petrobras Not Participating with Previ

(Petrobras, 26.May.2023) — Petrobras, regarding the news published in the media, informs that it is not participating in any coordinated action with Previ or any other institution with the objective of acquiring the shares issued by Vibra Energia and that the reports on the subject are untrue. Petrobras clarifies that eventual actions […]

Talos Energy announces Mexico transaction, including stake in Zama

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 25.May.2023, Words: 337) — Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the company’s 17.4% interest in Zama. Carso […]

Blue Sky Updates on Amarillo Grande Uranium Project, Argentina

(Blue Sky, 24.May.2023) — Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), “Blue Sky” or the “Company”) is pleased to provide an update on exploration and development work carried out at its wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina (“AGP”), which includes the Ivana uranium-vanadium deposit. Ivana Process Design Testwork […]

Argentina Asks Oil Firms to Fund Their Own Imports Amid Forex Shortage

(Reuters, 24.May.2023) — The Argentine government has asked oil companies to finance their own imports for 90 days due to the shortage of foreign currency at the country’s central bank, an official source familiar with the matter said on Wednesday. The request follows a decision from the government to request […]

Petrobras on Licensing in Amapá

(Petrobras, 24.May.2023) — Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The […]

Ecopetrol Reaches Deal for new Collective Bargaining Agreement

(Ecopetrol, 23.May.2023 — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on 22 May 2023, it reached an agreement with the Unión Sindical Obrera (USO) for a new Collective Bargaining Agreement. The new Collective Bargaining Agreement will be retroactively effective from 1 January 2023, and will be valid for a four-year term. […]

Latin America and the Caribbean

Tecpetrol Announces Deal to Buy Alpha Lithium Corporation

(Tecpetrol, 22.May.2023) — Tecpetrol Investments S.L., a member of the Techint Group of Companies, has made a non-binding proposal (the “Offer“) to acquire all of the issued and outstanding common shares (“Shares“) of Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha” or the “Company“) a Canadian incorporated, […]

Killing of Indigenous Ecuador Anti-oil Activist Spurs Questions

(Al Jazerra, 22.May.2023) — It was a Sunday in late February, and Eduardo Mendúa was doing what he was famous for: organising against the oil drilling that had transformed his ancestral lands in Ecuador. A member of the Indigenous Cofán people, Mendúa had seen pipelines and wells spring up throughout the […]

Interoil’s Production Report, April 2023 [PDF Download]

(Interoil, 22.May.2023) — In March 2023, unfortunately Interoil’s average daily operated production decreased by 271 boepd where most of the lost production is related with operational issues in Argentina where the austral winter arrived sooner than expected. Fortunately, Colombia community distress situation was solved, and operations are slowly recovering to its […]

SQM Inks Lithium Supply Deal with Ford Motor Company

(SQM, 22.May.2023) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles. The agreement between Ford and SQM will ensure the supply […]

Brazil

Petrobras on Bahia Terra Production

(Petrobras, 22.May.2023) — Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia […]

Petrobras on Payment of Remuneration to Shareholders

(Petrobras, 19.May.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023 and 04/24/2023 and Notice to the Market of 05/15/2023, informs that today it has paid 1st installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by […]