Latin America and the Caribbean Archives - Page 73 of 220

Venezuela Seeks a Deal with Biden as Colombia Summit Begins

(NewsWeek, 25.Apr.2023) — As a multinational conference commences in Colombia, Venezuela is looking to make progress in talks not only with the country’s political opposition, but also the United States, three years after Washington backed efforts to oust President Nicolás Maduro, Newsweek has learned. This includes a proposed deal that could bring […]

Argentina Lithium Delineates Concentrated Lithium Brine Zone

(Argentina Lithium, 24.Apr.2023) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) reports continued positive lithium brine results at its Rincon West Project in Salta Province, Argentina, including a 178 m* section with results ranging from 241 to 340 mg/l lithium (*no sample was collected from 30 m of this interval) from the seventh […]

Trinidad and Tobago: Natural Gas Crisis

(Trinidad Express, 23.Apr.2023) — The country’s lone cooking gas producer and several petrochemical plants at Point Lisas have been shut down amid a full-blown natural gas crisis triggered by an electrical fire at bpTT’s Mahogany hub and continued mechanical issues at its Cassia C platform. The Sunday Express has been […]

NatGas in Transition to Low-Carbon Economies [PDF Download]

(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving this massive goal requires a radical transformation in how energy is supplied and used worldwide, as 73% of global greenhouse […]

Biden to Discuss Venezuela Sanctions with Colombia’s Petro

(Reuters, 19.Apr.2023) — President Joe Biden will discuss Venezuela in wide-ranging talks with Colombian President Gustavo Petro on Thursday, including U.S. willingness to further ease sanctions on the OPEC nation only in return for concrete steps toward free elections there, a senior administration official said. Previewing the leaders’ first meeting, […]

Frontera on 1Q:23 Results and Webcast Dates

(Frontera, 19.Apr.2023) — Frontera Energy Corporation (TSX: FEC) announces that its first quarter 2023 results will be released after markets close on Wednesday 3 May 2023. A conference call for investors and analysts will be held on Thursday, 4 May 2023 at 11 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the […]

Golden Arrow Options Espota Project in Argentina

(Golden Arrow, 18.Apr.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reportws that it recently entered into an option agreement to acquire a 100% interest in the Espota Gold Project covering nearly 30km2 in San Juan Province, Argentina (see Figure 1). Golden Arrow has commenced a reconnaissance surface exploration program throughout the property and has already identified a […]

Avino Reports Steady Production in 1Q:23

(Avino, 18.Apr.2023) — Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) reports another quarter of strong production results of 678,247 silver equivalent ounces, bringing the 12-month trailing total to 2.9 million silver equivalent ounces from the Avino Mine. Production Highlights – Q1 2023 (Compared to Q1 2022) Silver equivalent production […]

Sintana Updates on VMM-37 Joint Contract with ExxonMobil

(Sintana Energy, 18.Apr.2023) — Sintana Energy Inc. (TSXV: SEI OTCQB: SEUSF) reports that ExxonMobil sent Patriot Energy Oil and Gas Inc., a subsidiary of the company, a notice stating that, based on the terms of the Joint Operating Agreement between ExxonMobil and Patriot (the “JOA”), it had decided to withdraw […]

KPMG’s Investment in Venezuela Guide 2022 [PDF Download]

(KPMG, 17.Apr.2023) — The guide is intended as guidance for prospective foreign investors in Venezuela by covering a broad range of matters relating to company law, corporate taxation, employment, foreign investment and foreign exchange, economic regulations and supervised sectors. KPMG hopes information in the guide will be enlightening, however, prior […]

Petrobras on BioRefining Program

(Petrobras, 17.Apr.2023) — Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green […]

Petrobras on Natural Gas Prices for Distributors

(Petrobras, 17.Apr.2023) — Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/m³, in relation to the February-March-April quarter, considering the variation in the price of the […]

Petrobras on Official Letter from the CVM

(Petrobras, 13.Apr.2023) — Petrobras has received an official letter from the Superintendence of Corporate Relations (SEP), from the Securities and Exchange Commission (CVM), in which it announces that, considering the information available up to the present moment and in line with the understanding of the Eligibility Committee and the Board […]

Petrobras on Norte Capixaba Cluster

(Petrobras, 12.Apr.2023) — Petrobras, following up on the release disclosed on 23 February 2022, informs that the fulfillment of all precedent conditions has been concluded, regarding the transfer of its total interest (100%) in a set of 4 onshore production field concessions, with integrated facilities, located in the State of […]

bp and Shell Break Ground on Solar Plant

(bp, 12.Apr.2023) — A sod turning ceremony today at Brechin Castle signaled the start of construction on Trinidad and Tobago’s first utility scale solar project. Dr the Honourable Keith Rowley, Prime Minister of the Republic of Trinidad and Tobago was joined by the Ministers of Energy and Energy Industries and […]

Ecopetrol BODs Names Ricardo Roa Barragán New Chairman of Ecopetrol

(Ecopetrol, 11.Apr.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors, in session on 11 April 2023, appointed Ricardo Roa Barragán as CEO of Ecopetrol, who will take office no later than 30 April 2023. The evaluation and selection process of candidates was carried out with the support […]

SBM Offshore says FPSO Prosperity reaches Stabroek block offshore Guyana

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Apr.2023) — SBM Offshore said the FPSO Prosperity reached the Stabroek block offshore Guyana. The vessel travelled just over 11,000 nautical miles — or just over 20,000km — from Singapore in just under 50 days, SBM announced on 11 Apr. 2023 in an […]

Silver Viper Renegotiates Rubi-Esperanza Cash and Option Agreement

(Silver Viper, 6.Apr.2023) — Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) has renegotiated terms of the Rubi-Esperanza Option Agreement to purchase three mineral concessions, originally signed in June of 2018 (see news release of 25 June 2018). On 21 June 2019, the first agreement addendum was signed. A second addendum to the […]

GoGold Reports Parral Production for Quarter Ending Mar. 2023

(GoGold Resources, 6.Apr.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) reported production for the quarter ending 31 March 2023 of 400,145 silver equivalent ounces, consisting of 173,717 silver ounces, 2,016 gold ounces, and 143 tonnes of copper. “We continue to focus on completion of the preliminary economic assessment in Los Ricos North, followed […]

ICJ Delivers Judgement in Guyana v. Venezuela Case

(ICJ, 6.Apr.2023) — On 6 April 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment on the preliminary objection raised by the Bolivarian Republic of Venezuela in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela). A […]

Petrobras on Organizational Adjustment

(Petrobras, 6.Apr.2023) — Petrobras announces that its Executive Board, in a meeting held today, approved an organizational adjustment proposal to be submitted to the Board of Directors as part of a continuous improvement process. The proposal has three objectives: (i) prepare the company for the energy transition with the creation […]

Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]

(Energy Analytics Institute, 6.Apr.2023) — The court finds that the preliminary objection raised by the Bolivarian Republic of Venezuela is admissible. By fourteen votes to one, the court rejects the preliminary objection raised by the Bolivarian Republic of Venezuela. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights […]

IMF’s Lower Bar for Argentina Already Looks Too High

(Reuters, 5.Apr.2023) — The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion loan deal, but some rosier-than-reality program forecasts may be setting the South American country up for more failure. The IMF this week cut the level of foreign currency […]

Petrobras on Pricing Policy

(Petrobras, 5.Apr.2023) — Petrobras reaffirms its commitment to the practice of competitive prices and in balance with the national market, while avoiding the immediate pass-through of external volatility and exchange rate caused by circumstantial events and confirms that it has received no proposal from the Ministry of Mines and Energy […]

PGS Rejuvenated Data for Guyana Deepwater Block Evaluation

(PGS, 4.Apr.2023) — In collaboration with the Guyana Ministry of Natural Resources (MNR), PGS has released 4460 km of rejuvenated 2D GeoStreamer depth data supporting the evaluation of Blocks D1, D2, and D3. Leveraging PGS’ comprehensive experience across the Guyana basin and applying recent imaging technology advances, PGS has produced […]

Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions

(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with Washington scapegoated for increasing authoritarianism and economic hardships. Fernando Blasi’s comments to The […]

Arctech to Provide 365MW Solar Tracking Solution in Mexico

(Arctech, 3.Apr.2023) — Arctech, a solar tracking and racking solution provider, is poised to provide 365.8MW SkyLine II solar tracking solution to Puerto Penasco Solar Park in Mexico. Once completed, this project would become the largest solar plant in a single unit in Mexico and 8th in the world. Located in Puerto Penasco in […]

Petrobras on Bahia Terra Production

(Petrobras, 31.Mar.2023) — Petrobras, following up on the release disclosed on 14 March 2023, informs that it obtained, on Friday 31 March, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from the Araçás field, located in the Bahia Terra Cluster. Thus, the company […]

Petrobras on Strategic Planning

(Petrobras, 31.Mar.2023) — Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, to be considered in the Strategic Planning, in compliance with current governance practices, the commitment to create value and the company’s long-term financial sustainability: 1) […]

Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List

(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in partnership with market research company Statista. To compile this ranking, Statista surveyed around 85,000 women working at multinational institutions in 36 countries. Its analysts sifted […]

Wintershall DEA Completes Acquisition of 37% Stake in Hokchi Block

(Wintershall DEA, 31.Mar.2023) — The acquisition of a 37% non-operated participating interest in the oil producing Hokchi Block offshore Mexico by Wintershall Dea was completed on 30 March. All government approvals were obtained and Wintershall Dea, together with the remaining partners in the Hokchi Block have signed the corresponding Production […]

Global Gas Flaring Tracker Report [PDF Download]

(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]

EAI’s NRGBriefs: Mar. 2023

(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]

Petrobras on Ministry of Mines and Energy Letter

(Petrobras, 29.Mar.2023) — Petrobras, following up on the release disclosed to the market on 17 March 2023, informs that it received Official Letter 257/2023/GM-MME from the Ministry of Mines and Energy (MME), on today’s date, in the following terms: 1. Petrobras disclosed a material fact on 17 March 2023, informing […]

Petrobras on Climate Supplement

(Petrobras, 29.Mar.2023) — Petrobras released the new edition of its Climate Supplement. The document details information regarding Petrobras’ emissions performance in 2022, in addition to the progress made in indicators related to climate change commitments. The Climate Supplement also presents how the challenges of climate change are reflected in the […]

MPC Energy Expands Further into Puerto Rico

(MPC Energy, 28.Mar.2023) — MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. This is the second project in Puerto Rico for MPC Energy Solutions, following the investment in its Neol CHP plant last year. The new plant will generate electricity using liquefied natural […]

SSR Mining Reports Positive Results at Puna [PDF Download]

(SSR Mining, 27.Mar.2023) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) announced results from 48 drill holes completed at the Puna project for the period of August to December 2022. Puna includes the Pirquitas and Chinchillas properties, both located in the Jujuy Province of northern Argentina (see Figure 1 within […]

Petrobras on Supplier Engagement in Sustainable Practices

(Petrobras, 27.Mar.2023) — Petrobras was recognized as one of the leading companies in supplier engagement by the international organization CDP, formerly known as the Carbon Disclosure Project, a reference in sustainability. The A- rating, referring to the 2022 cycle, was achieved in the Supplier Engagement Rating (SER) aspect, a global […]

Frontera Refinances Existing Puerto Bahía Debt, Enters Into Credit Agreement

(Frontera, 27.Mar.2023) — Frontera Energy Corporation (TSX: FEC) announces that Frontera’s wholly-owned subsidiary, Pipeline Investment Limited (PIL), which owns a 35% equity interest in Oleoducto de los Llanos Orientales S.A. (ODL), and Macquarie Group (the “Lender”) have entered into a credit agreement through which the Lender will provide a $120mn loan […]

ONE GUYANA FPSO Reaches Drydock [Video]

(Energy Analytics Institute, 24.Mar.2023) — The ONE GUYANA FPSO has arrived in drydock at Keppel shipyard. This marks a key milestone in the project, this phase will include work on the vessel, installation of the mooring structures and riser balcony, SBM Offshore announced 24 March 2023 in an official statement […]

Ecopetrol Names Alberto Consuegra Granger as Interim CEO

(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on 24 March 2023, its Board of Directors appointed Alberto Consuegra Granger as interim CEO of Ecopetrol S.A. effective from 1 April 2023, and until the date on which the successor to Felipe Bayón Pardo, who will lead the company until 31 […]

Ecopetrol Not Advancing Plans to Buy Monómeros Colombo Venezolanos S.A.

(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, with regards to statements in the public media about a possible acquisition by Ecopetrol of the company Monómeros Colombo Venezolanos S.A., Ecopetrol warns the public that, within the framework of its 2040 strategy and business plan announced to the market, it […]

Petrobras on Route 3 Integrated Project

(Petrobras, 24.Mar.2023) — Petrobras, following up on the release disclosed on 09/23/22, has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude the works on the Natural Gas Processing Unit (UPGN) of the Itaboraí Gaslub Cluster, which had been halted since June 2022. With the resumption of […]

Petrobras Comments on Its Price Policy

(Petrobras, 23.Mar.2023) — Petrobras, regarding the pieces of news published in the media about the company’s Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding […]

Energy Chamber Facilitates Talks on Carbon Border Adjustment

(Energy Chamber, 22.Mar.2023) — The Energy Chamber of Trinidad & Tobago was delighted to collaborate with the European Union and Caribbean Export Development Agency (Caribbean Export) in a webinar on the EU’s Carbon Border Adjustment Mechanism (CBAM) held earlier today. Dr. Thackwray Driver, President and CEO of The Energy Chamber […]

CGG, TGS and BGP Complete Phase IV of 3D Multi-Client Survey Offshore Suriname

(CGG, 21.Mar.2023) — CGG, a global technology and HPC leader, in a consortium with TGS and BGP, announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Fast-track products for this recently completed Phase IV will be ready for review towards the middle of this year, […]

Ecopetrol Obtains Authorization to Borrow One Trillion Pesos from Bancolombia

(Ecopetrol, 17.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its integral debt management strategy and the refinancing of the debt maturing on 2023, through Resolution 0655 of 16 March 2023, it received the authorization of the Ministry of Finance and Public Credit to enter into a one […]

Petrobras on Letter from the Ministry of Mines and Energy (MME)

(Petrobras, 17.Mar.2023) — Petrobras, following up on the release disclosed on March 1, 2023, informs that its Executive Board has forwarded for the appreciation of the Board of Directors the following proposal for response to Letter 166/2023/GM-MME from the Ministry of Mines and Energy (MME): we carried out a preliminary […]

Convening of Annual Shareholders’ Meeting of 26 May 2023

(Petrobras, 16.Mar.2023) — The Board of Directors of TotalEnergies SE, met on 15 March 2023 under the chairmanship of Patrick Pouyanné, Chairman and Chief Executive Officer. It has decided to convene the Ordinary and Extraordinary Shareholders’ Meeting of the company on Friday, 26 May 2023. The Notice of Meeting will […]

Petrobras on Nominations to Board of Directors and Fiscal Council

(Petrobras, 15.Mar.2023) — Petrobras, following up on the press releases of 02/28/2023, 03/01/2023 and 03/08/2023, informs that it received an official letter from the Ministry of Mines and Energia (MME) presenting, in a supplementary manner, three nominations of candidates for the slate of the Federal Government, as controlling shareholder, for […]