Latin America and the Caribbean Archives - Page 72 of 220

Petrobras on Answer to Letter from the Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras answered, on today’s date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy (MME), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras understands that it […]

Petrobras on Potiguar Cluster

(Petrobras, 19.May.2023) — Petrobras informs that on today’s date IBAMA issued the operational license for the Ubarana, Ubarana Oeste and Cioba fields, in the Potiguar basin, which are part of the Potiguar Cluster, in favor of 3R Potiguar S.A. The license was a precedent condition for the closing of the […]

Petrobras on Letter from Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy (MME) requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources (IBAMA), […]

Petrobras on Human Rights, Corporate Citizenship

(Petrobras, 19.May.2023) — Petrobras published the first edition of the Human Rights and Corporate Citizenship Supplement for the year 2022. The supplement presents the company’s indicators, goals, and actions related to human rights and corporate citizenship. The document provides annual accountability and reinforces the commitments made by the company: UN […]

Petrobras on Braskem

(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]

Petrobras on Environmental Licensing Process

(Petrobras, 18.May.2023) — Petrobras has received news about IBAMA’s rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for […]

Golden Arrow Expands Program at San Pietro Iron-Copper-Gold-Cobalt Project, Chile

(Golden Arrow, 18.May.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has increased the size of its first diamond drilling program at the Company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile from 2,650-metre in 7 holes, to approximately 3,500 metres in 10 holes. Drilling is now anticipated to be completed by the end […]

Aediles Supports BlackRock with Chilean Solar Energy Purchase

(Aediles Capital Inc., 18.May.2023) — AEDILES supported BlackRock GRP III in the closing of the acquisition of 97MWp of Distributed Solar Energy Projects in Chile, which was developed by RRG Capital Management (“RRGCM”) in collaboration with local partners. “We look forward to continuing to provide top tier asset management for this […]

Petrobras on Product Price Adjustments

(Petrobras, 17.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

Petrobras on Results of Santos Basin Exploratory Well

(Petrobras, 17.May.2023) — Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 km from the city of Santos-SP, at a water depth of 1,979 meters. The well is in progress and the oil-bearing interval was […]

Exxon: Over $400mn Spent Locally in Guyana in 2022

(Exxon, 16.May.2023) — ExxonMobil Guyana and its reporting contractors have spent more than GUY$83bn (US$400mn) with more than 1,500 Guyanese businesses in 2022 alone. That is part of the more than GUY$180bn (US$900mn) spent with locals since the first discovery in 2015. By the end of 2022, the company and […]

Petrobras on Commercial Strategy for Diesel and Gasoline

(Petrobras, 16.May.2023) — Petrobras informs that its Executive Board approved yesterday, 15 May 2023, the commercial strategy to define Petrobras’ diesel and gasoline prices, replacing the pricing policy for gasoline and diesel commercialized by its refineries. The commercial strategy uses market references such as: (a) the customer’s alternative cost, as […]

Petrobras on Dividend Payment

(Petrobras, 15.May.2023) — Petróleo Brasileiro S.A. or Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay, on Friday, 05/19/2023, the first installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to […]

TotalEnergies Boost Inks PSCs for Suriname Offshore Blocks 6 and 8

(TotalEnergies, 15.May.2023) — TotalEnergies and its partners, have signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks […]

Petrobras on Price Policy

(Petrobras, 14.May.2023) — Petrobras clarifies that it is discussing internally changes in its pricing policies for diesel and gasoline, which will be analyzed by the company’s executive board early this week and may result in a new commercial strategy to define diesel and gasoline prices. In this sense, the company […]

Touchstone Reports Higher 1Q:23 Production Compared to 1Q:22 [PDF Download]

(Touchstone, 12.May.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) produced qtrly avg volumes of 2,139 boe/d in the 1Q:23, up 53% relative to the 1,396 boe/d produced in the 1Q:22, but down 4% compared to the 4Q:22, the co. announced 12 May 2023 in an official stmt. ____________________

YPF’s Production Averaged 511 Mboe/d in the 1Q:23 [PDF Downloads]

(YPF, 12.May.2023) — YPF SA announced the its combined production averaged 511,000 boe/d in the first quarter of 2023. ____________________

Aris Mining Announces Results of Special Meeting

(Aris Mining, 11.May.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) reports voting results from its annual general and special meeting of shareholders held earlier today. AGM Voting Results Shareholders holding 66,380,109 shares or 48.72% of the outstanding shares of the company were represented by proxy at the meeting. The voting results […]

Ecopetrol Gets Approval for Credit for up to $400mn

(Ecopetrol, 11.May.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, by means of Resolution 1114 of 10 May 2023, the Ministry of Finance and Public Credit authorized the execution of a credit agreement for up to $400mn, as part of its comprehensive debt management strategy. The loan will be subscribed with Banco […]

Citgo Reports First Quarter 2023 Results

(Citgo, 10.May.2023) — Citgo Petroleum Corporation reported its 2023 first quarter financial and operational results. Favorable refining margins and product yields combined with strong asset reliability contributed to first quarter net income of $937mn and EBITDA of $1.4bn, compared with net income of $806mn and EBITDA of $1.2bn for the fourth quarter of 2022. Highlights: […]

Pampa Energía Reveals First Quarter 2023 Results

(Pampa Energía, 10.May.2023) — Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the quarter ended on 31 March 2023. Pampa’s financial information adopts US$ as functional currency, expressed in AR$ at transactional nominal exchange rate (‘FX’). […]

Petrobras on Contracting for Block BM-C-33

(Petrobras, 10.May.2023) — Petrobras, following up on the release disclosed on 05/08/2023, informs that Equinor, on behalf of the consortium formed to develop block BM-C-33, has signed the contracts with MODEC Inc. for the supply of the production platform and TechnipFMC for the Submarine Systems. The platform to be built […]

Petrobras on Product Price Adjustments

(Petrobras, 10.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

Petrobras Says Not Conducting Transactions in Private Market

(Petrobras, 9.May.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that it is not conducting any sales transaction structuring in the private market and that it does not take part in the negotiations mentioned in the articles published in the media. Additionally, is not […]

Chile Signs Oil Import Deal with YPF

(Reuters, 8.May.2023) — Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF (YPFD.BA) to import crude through the Trasandino pipeline, a key step for both countries’ trade. The Trasadino pipeline, known as OTA-OTC or OTASA, connects the huge Vaca […]

Staatsolie Inks PSCs with TotalEnergies and QatarEnergy

(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname N.V. and TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday 8 May 2023. Staatsolie’s task is to promote and contract the offshore areas after its own analyses. In 2021, the Shallow Offshore Bid Round 2020-2021 was […]

AGM Approves Staatsolie’s 2022 Financial Statements [PDF Download]

(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname NV, together with its subsidiaries, realized a turnover of US$ 840 million in 2022. Subsequently, the contribution to the state treasury is US$ 320 million. The General Meeting of Shareholders (AGM) approved the 2022 financial statements on Monday 8 May 2023. The realized 2022 […]

MODEC’s Uaru FPSO Proceeds to EPCI Phase

(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the Uaru project by ExxonMobil Guyana and its co-venturers on 27 April 2023. Uaru is a significant addition to MODEC’s portfolio and it covers […]

Petrobras on Development of Block BM-C-33

(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]

Petrobras on the Start-up of FPSO Anna Nery

(Petrobras, 8.May.2023) — Petrobras informs that the FPSO Anna Nery started production on 7 May 2023, in Campos Basin, within the project of revitalization of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava, located in the pre-salt of the two fields. The unit is capable […]

Equinor and Partners Announce $9bn FID for BM-C-33 in Brazil

(Equinor, 8.May.202) — Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately $9bn. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas […]

Petrobras on Bahia Terra Production

(Petrobras, 5.May.2023) — Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023 and 05/02/2023, informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production at 9 more Bahia Terra Cluster facilities (Nova Tororó Collector Station, Pereira Collector […]

Frontera Reveals 1Q:23 Results

(Frontera, 3.May.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended March 31, 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’s first quarter results were in-line with […]

LatAm Gas Resources and Development Challenges: WoodMac

(WoodMac, 3.May.2023) — Latin America has significant gas resources that have not been prioritised for development. Natural gas demand in the region will continue to grow, however, driven by the replacement of coal in power generation and industrial processes. To meet this demand, Latin America will need to maximise its […]

SBM Offshore Inks Deal for its Guyana FPSO Fleet

(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana FPSO fleet […]

Ecopetrol on 1Q:23 Earnings Report, Conference Calls

(Ecopetrol, 2.May.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 9 May 2023, after market close, it will release its financial and operating results for the first quarter 2023. On Wednesday, 10 May 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish and the […]

Exxon Mobil not Quitting Exploration in Brazil

(Reuters, 1.May.2023) — Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company’s country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. “I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all,” Ferrin said, […]

EAI’s NRGBriefs: Apr. 2023

(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the court-ordered sale of shares of Citgo Petroleum Corp.’s parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state; OFAC authorizing […]

Pampa Energía Files Form 20-F

(Pampa Energía, 28.Apr.2023) Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent energy integrated companies in Argentina, with participation in the electricity and gas value chain, announces that on 28 April 2023 it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2022 (the ‘2022 annual report’) before […]

ExxonMobil Advances Fifth Offshore Guyana Development

(ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026. Highlights: Uaru […]

Hess Sanctions Uaru Development Offshore Guyana

(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup […]

Petrobras on Annual General Meeting

(Petrobras, 27.Apr.2023) — Petrobras informs that the Annual General Meeting, held today, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the […]

Petrobras on Shareholders Remuneration

(Petrobras, 27.Apr.2023) — Petrobras, following the press release disclosed on 1 March 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes […]

Atlas Renewables Inks Largest Private Solar PPA in LatAm

(Atlas Renewable Energy, 27.Apr.2023) — Atlas Renewable Energy signed a power purchase agreement with Albras, the largest primary aluminum producer in Brazil. Under the US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable […]

MPC Energy Solutions 1Q:23 Results Show Rise in Revenues and EBITDA

(MPC Energy, 27.Apr.2023) — MPC Energy Solutions (MPCES) announces its 1Q:23 results. The quarter was marked by several milestones including connecting three more projects to the power grid and signing long-term off-take agreements for new projects. Revenues and operating profits increased significantly compared to 1Q:22. “The results of the […]

TotalEnergies Reports Strong 1Q:23 Results [PDF Downloads]

(TotalEnergies, 27.Apr.2023) — TotalEnergies “again demonstrates its ability to generate strong results, posting in the first quarter 2023 adjusted net income of $6.5 billion,” CEO Patrick Pouyanné said. ____________________

ENAP Starts Cash Tender Offer

(ENAP, 26.Apr.2023) — Empresa Nacional del Petróleo (ENAP) has commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s offer to purchase and consent solicitation statement dated 26 April 2023, for any and all of its outstanding 4.375% Notes due 2024. Capitalized terms […]

Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]

(Hess, 26.Apr.2023) — Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net income of $417mn, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the corporation reported net income of $404mn, or […]

Wintershall Dea Reports Important Shallow Water Find Offshore Mexico

(Wintershall Dea, 25.Apr.2023) Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates the discovery may contain […]

Ecopetrol’s New CEO Seeks to Boost Oil Output Amid Petro Restrictions

(Bloomberg, 25.Apr.2023) — Ecopetrol SA will invest in technology to boost output at oil fields it operates as the Colombian government sticks to a pledge to ban new drilling contracts, according to the company’s new Chief Executive Officer Ricardo Roa. Colombia’s state-controlled oil producer has some 85 exploration contracts of […]