Latin America and the Caribbean Archives - Page 74 of 220

Guyana Gov’t Releases Draft Model Petroleum Agreements [PDF Downloads]

(Ministry of Natural Resources, 14.Mar.2023) — The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the release of the draft Model Petroleum Agreements for both the deepwater and shallow-water area, and the commencement of a fourteen-day consultation period before finalisation. The draft Model Petroleum Agreements embody rigorous […]

Petrobras on Bahia Terra Production Stoppage

(Petrobras, 14.Mar.2023) — Petrobras, following up on the release disclosed on 13 December 2022, clarifies that it is taking all necessary steps to resume production at the Bahia Terra Cluster by April. The cluster had its operations halted at the request of the National Agency of Petroleum, Natural Gas and […]

Interoil Releases Feb. 2023 Production Report

(Interoil, 13.Mar.2023) — In February 2023, Interoil’s average daily operated production increased by 573 boepd recovering most of the lost production from previous months. During February the production growth is explained by the recovering of shut-in wells in Argentina whilst Colombia’s production still faces community’s issues causing the mobilization of […]

Petrobras Says No BOD Decision Regarding Bahia Terra Cluster Divestment

(Petrobras, 13.Mar.2023) — Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in the negotiation phase with the consortium of companies Petrorecôncavo and Eneva, and no decision has been taken by the Executive Board and the Board of […]

Citgo Offers to Purchase $407mn in Senior Notes

(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 (the “Notes”) at a purchase price equal to 100% of the principal amount […]

Energy Minister Meets with Shell Execs in Texas

(Trinidad Guardian, Chester Sambrano, 10.Mar.2023) — Minister of Energy and Energy Industries, Stuart Young MP, has held talks with Shell Executives in Houston, Texas, this week. Minister Young is attending CERAWeek. CERAWeek is hosted by S&P Global and is considered one of the world’s premier energy conferences. In a statement, […]

Petrobras and Shell Ink MOU during CERAWeek

(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]

Citgo Reports 4Q:22 and YE:22 Results

(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter total refinery crude throughput of 797,000 barrels-per-day (bpd), 4% above nameplate capacity of 769,000 bpd Repayment in full of the $1.1bn outstanding under Citgo Petroleum’s […]

T&T Energy Minister Holds Successful Talks at CERAWeek in Houston

(Loop, 8.Mar.2023) — Energy Minister Stuart Young says he has had successful discussions at CERAWeek in Houston where a number of important engagements with key stakeholders in the energy industry at a global level, to further progress this country’s energy sector development. CERAWeek is widely considered to be the most prestigious […]

Pow.re Secures 100 MW of Renewable Power in Paraguay

(Pow.re, 8.Mar.2023) — Pow.re Holdings Limited, a high-density computing (“HDC”) and fintech enterprise, has entered into a binding agreement with a local partner to secure a 100 MW power allocation at a fixed rate for 5 years from ANDE’s newly built Yguazu substation in Paraguay. This week, construction began on the […]

Elon Musk Plans to Build the World’s Largest Tesla Plant in Mexico

(Mexican Gov’t, 2.Mar.2023) — Elon Musk announces plan to build the largest Tesla plant in the world in Mexico. Highlights: –Construction of the factory will create between five to six thousand jobs in Mexico, with an investment reaching $5bn –The investment is part of the Mexican Foreign Ministry’s electromobility strategy […]

Petrobras on Change to Price Policy

(Petrobras, 2.Mar.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that, in the scope of the Executive Board and the Market and Price Executive Group, there is no discussion for the company to change its Price Policy, and reiterates its commitment to the practice […]

ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA

(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the “Certificate of Advanced Biopharmaceutical Manufacturing” from the Ministry of Food and Drug Safety in Korea and the “HA Filler GMP Certification” from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). This advanced biopharmaceutical manufacturing license was obtained in accordance […]

Petrobras Financial Performance in 4Q:22 [PDF Download]

(Petrobras, 1.Mar.2023) — Petrobras reported its financial performance in the fourth quarter of 2022. Message from the CFO Dear shareholders and investors, With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, […]

Petrobras on 4Q:22 Tax Report [PDF Download]

(Petrobras, 1.Mar.2023) — In 2022, Petrobras achieved its annual tax contribution record, collecting a total of R$279bn in taxes and Government Take (Gov. Take) in Brazil and US$134mn paid abroad. In addition to the amount paid to public coffers, we also highlight the R$194bn distributed in the form of dividends, […]

Petrobras on Remuneration to Shareholders

(Petrobras, 1.Mar.2023) — Petrobras informs that its Board of Directors, at a meeting held today, authorized, by a majority vote, the submission to the General Shareholders’ Meeting, scheduled for 27 April 2023, the proposal for distribution of dividends equivalent to R$ 2.74573369 per outstanding preferred and common share. The proposed […]

Ecopetrol’s 2022 Earnings Distribution Proposal

(Ecopetrol, 28.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby informs of the company’s 2022 earnings distribution proposal, approved by the company’s Board of Directors, which will be submitted for the consideration of the General Shareholders’ Meeting that will take place on 30 March 2023: 2022 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income […]

Ecopetrol Reports Strong 4Q:22 Results [PDF Downloads]

(Ecopetrol, 28.Feb.2023) — During 2022, the Ecopetrol Group continued delivering record operating and financial results and above the targets set at the beginning of the year. This, together with environmental, social and governance actions consistent with best industry practices and standards, and in line with our commitment to generate sustainable […]

Petrobras on Candidates Nominated for BODs [PDF Download]

(Petrobras, 28.Feb.2023) — Petrobras received an official letter from the Ministry of Mines and Energy (MME) containing the list of candidates who will compose the slate of the Federal Government, in the capacity of controlling shareholder, to the eight seats on the Board of Directors (BoD), whose elections will take […]

AES Delivers on All 2022 Financial and Strategic Objectives

(AES, 27.Feb.2023) — The AES Corporation (NYSE: AES) today reported financial results for the year ended 31 December 2022. “2022 was another record year for AES, one in which we delivered on all of our financial and strategic objectives. We continue to see massive growth in our renewables business, and in 2022, […]

The Dragon Dance

(Trinidad and Tobago Newsday, 25.Feb.2023) — Energy Minister Stuart Young has again expressed confidence that Trinidad and Tobago (TT) would successfully conclude and execute a deal to receive gas from Venezuela’s Dragon Field, but the challenges before first gas are not to be underestimated. Young gave an update with little […]

Ecopetrol Boosts Reserves to 2,011 MMboe at YE:22, Highest in 8 Years

(Ecopetrol, 24.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) reported its proven crude oil, condensate, and natural gas reserves (1P reserves according to the standard international denomination), which include the results of Ecopetrol and its subsidiaries, as of 31 December 2022. Highlights: The reserves-to-production or average reserves life of the Ecopetrol Group […]

Ecopetrol Publishes Measures Ahead of General Shareholders’ Meeting

(Ecopetrol, 24.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendence of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol approved the implementation of the measures described below which […]

Trinidad to Begin Negotiations for Gas Deal with Venezuela in March

(Reuters, 24.Feb.2023) — Trinidad and Tobago expects to formally begin negotiations next month with Venezuela on a promising offshore natural gas project, the Caribbean nation’s energy minister said on Feb. 23. A deal would help revive the nation’s gas production, which contributes a large part of its export revenue and […]

Ecopetrol on General Shareholders’ Meeting

(Ecopetrol, 24.Feb.2023) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the ordinary Assembly of the General Shareholders’ Meeting to be held on Thursday, 30 March 2023, starting at 9 a.m., at the Centro Internacional de Negocios y Exposiciones (Corferias), located on Carrera 37 No. 24 – 67 in Bogota, D.C The Agenda for the meeting will be the Safety guidelines […]

Mandalay Resources Reveals 4Q:22, YE:22 Results

(Mandalay, 24.Feb.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) announced its financial results for the fourth quarter and year ended December 31, 2022. The company’s audited consolidated financial results for the year ended December 31, 2022, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed […]

Petrobras on Tax Contingencies with RJ State

(Petrobras, 23.Feb.2023) — Petrobras, in clarification to the pieces of news disclosed in the media, reiterates its commitment to tax compliance as a pillar of its recently approved Tax Policy, as informed to the market on 26 January 2023, and highlights the collection it has generated in favor of the […]

EAI’s NRGBriefs: Feb. 2023

(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in […]

Frontera Announces 2022 Year End Reserves

(Frontera, 22.Feb.2023 — Frontera Energy Corporation (TSX: FEC) today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (“D&M“). All dollar amounts in this news release and the company’s financial disclosures are in United States dollars, unless otherwise noted. All of the company’s booked reserves for the year […]

Ecopetrol to Host 4Q:22 and Year End Webcast

(Ecopetrol, 22.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 28 February 2023, after market close, it will release its financial and operating results for the fourth quarter and full year 2022. On Wednesday, 1 March 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish […]

Latin America and the Caribbean

QatarEnergy Assumes Activities Managed by Qatargas

(QatarEnergy, 20.Feb.2023) — QatarEnergy will be taking over all the marketing and related activities currently managed by Qatargas Operating Company Limited. The integration of such activities into QatarEnergy is expected to be completed by the end of 2023. The strengthened alignment of LNG marketing activities within QatarEnergy will leverage a […]

Frontera Provides Notice of 4Q:22 Financial Results, Conference Call

(Frontera, 15.Feb.2023) — Frontera Energy Corporation (TSX: FEC) announced that its fourth quarter 2022 results will be released after markets close on Wednesday, 1 March 2023. A conference call for investors and analysts will be held on Thursday, 2 March 2023, at 1 p.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of […]

Lithium South on High-Grade Results at Hole AS02

(Lithium South, 14.Feb.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) provided results from the ongoing drill campaign at the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina. The company is reporting partial results from hole AS02, which has been completed to a depth of […]

Golden Arrow Commences New Diamond Drilling in Chile

(Golden Arrow, 14.Feb.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) announced a new diamond drilling program has commenced at the company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile. The 2,650-metre, 7-hole program is the first stage of up to 20,000 metres of drilling budgeted for the year to advance at […]

Sempra to Develop NatGas Transportation Infrastructure in Mexico

(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas […]

Mantaro Announces Private Placement

(Mantaro, 13.Feb.2023) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) announced a non-brokered private placement of up to 7,000,000 units (each a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $350,000. Each Unit will consist of one common share of the company (each a “Share”) and one […]

ENARGAS Releases September 2022 Gas Panorama [PDF Download]

(Energy Analytics Institute, 13.Feb.2023) — ENARGAS announced that Argentina’s gross natural gas production is mainly concentrated in four operators: YPF, Total Austral, Tecpetrol and Pan American Energy (PAE), which in September 2022 produced 75.94% of total gross production. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.

Seaside LNG Acquires LNG Bunker Barge from TOTE Maritime Puerto Rico

(Seaside, 9.Feb.2023) — Seaside LNG announced the acquisition of the liquefied natural gas fueling barge the Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNG’s maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTE’s Marlin Class LNG-powered container ships and other commercial […]

Frontera Resumes Operations at Quifa And CPE-6 Blocks

(Frontera, 8.Feb.2023) — Frontera Energy Corporation (TSX: FEC) announces that all blockades on the road from Puerto Gaitán to the Rubiales village in the municipality of Puerto Gaitan, Meta Department, Colombia, have been lifted. The company has resumed transporting on-site inventory, rotating crews and delivering supplies to its Quifa and CPE-6 operations. […]

APA Corp. on Second Successful Flow Test at Sapakara South Off Suriname

(APA, 8.Feb.2023) — APA Corporation (Nasdaq: APA) announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles) south of the Sapakara South-1 (SPS-1) appraisal well. SPS-2 encountered […]

Petrobras: Highlights on 4Q:22 Production, Sales [PDF Download]

(Petrobras, 8.Feb.2023) — Petrobras commented on its production and sales in 4Q;22 and 2022. “In 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. […]

Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil

(Reuters, 7.Feb.2023) — Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific said in a news release that ExxonMobil will buy about 2 million tonnes per annum […]

FMC Delivers Record 4Q:22 and 2022 Results

(FMC, 7.Feb.2023) — FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]

MPC Energy Solutions Start Operations for its Solar Plants in El Salvador

(MPC Energy Solutions, 6.Feb.2023) — MPC Energy Solutions (MPCES) announced the start of operations for its Santa Rosa and Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined installed capacity of 21.3 MW. Santa Rosa and Villa Sol are the third and fourth projects in the company’s portfolio to start […]

KBR Technology Selected for Green Ammonia Project in Chile

(KBR, 6.Feb.2023) — KBR (NYSE: KBR) announced that its green ammonia technology, K-GreeN®, has been selected by Enaex, S.A. for its innovative HyEx green ammonia project in Chile. The HyEx project will demonstrate operational stability of production of green ammonia using renewable energy from photovoltaic power plants. Toyo Engineering Corporation will undertake […]

Iran to Start Revamp at Venezuela’s Largest Refining Complex

(Reuters, 6.Feb.2023) — State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity, four sources close to the plan said. The effort by state oil firm Petroleos de Venezuela (PDVSA) and […]

Petrobras on 4Q:22 Results, Webcasts

(Petrobras, 6.Feb.2023) — Petrobras will release its 4Q:22 Production and Sales Report on 8 February 2023 and its 4Q:22 Financial Performance Report on 1 March 2023, both after the markets close. On 2 March 2023, two webcasts will be held, the first in Portuguese and the second in English, to […]

Ecopetrol, Frontera, Hocol, Tecpetrol and Cepsa on Blockades In Meta, Colombia

(Frontera, 6.Feb.2023) — Frontera Energy Corporation (TSX: FEC), Ecopetrol, Hocol, Tecpetrol and Cepsa, hydrocarbon companies that operate in Puerto Gaitán (Meta Department), express their deep concern about the serious social and economic consequences resulting from the blockade of the road that leads from Puerto Gaitán to the Rubiales village, which […]

Touchstone Starts Operations at Royston-1X Sidetrack in Trinidad

(Touchstone, 6.Feb.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) has commenced operations at the Royston-1X sidetrack well located on the onshore Ortoire block in the Republic of Trinidad and Tobago. Touchstone has an 80 percent operating working interest in the well, with Heritage Petroleum Company Limited holding the remaining 20 […]

Mexico’s President Says he Won’t Seek an Unconstitutional Second Term

(NPR, 3.Feb.2023) — President Andrés Manuel López Obrador is still immensely popular in Mexico. Across the country you’ll find graffiti and placards that say “Que siga el presidente” (Let the president continue.) In Mexico, there has been a lot of handwringing over the undemocratic tendencies of President Andrés Manuel López […]