Latin America and the Caribbean Archives - Page 82 of 220

NRG briefs: UEG Araucária fact sheet; BW Energy stock trades

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 11.Jul.2022, Words: 250) — Energy briefs including details related to UEG Araucária S.A. (UEGA), a partnership between Petrobras, Copel and Copel Geração e Transmissão. LATIN AMERICA AND THE CARIBBEAN Brazil

YPFB Invoices $160mn for Commercialization of Granulated Urea (Jan.-Jun. 2022)

(Energy Analytics Institute, 11.Jul.2022) — Between January and June 2022, Bolivia’s state owned entity Yacimientos Petroliferos Fiscales Bolivianos (YPFB) invoiced more than $160mn for the commercialization of granulated urea in the internal and external markets. In the six month period YPFB delivered approximately 273,688 metric tons of fertilizer to both […]

Touchstone Announces BODs Changes

(Touchstone, 11.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced the appointments of Dr. Priya Marajh and Jenny Alfandary to our Board of Directors with immediate effect. Dr. Marajh will serve on the Board’s Health, Safety, Social and Environmental (“HSSE”) Committee and Compensation and Governance Committee and Ms. Alfandary will […]

Petrobras Completes DST at Alto de Cabo Frio Central Block

(Petrobras, 11.Jul.2022) — Petrobras, following up on the release disclosed on 1 April 2022, has completed a Drill Stem Test (DST) on the 1-BRSA-1383A-RJS wildcat well (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern portion of the Campos Basin. The new discovery, announced on 1 April, […]

Petrobras Finalizes Gaspetro Divestment

(Petrobras, 11.Jul.2022) — Petrobras, following up on the releases disclosed on 28 July 2021 and 22 June 2022, informs that it has today finalized the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia S.A. The transaction was concluded for R$2.097bn, fully paid on this date. […]

Petrobras Inks $1.25bn Loan Linked to Sustainability

(Petrobras, 11.Jul.2022) — Petrobras signed on 8 July 22 a credit line with sustainability commitments (Sustainability-Linked Loan – SLL) in the amount of $1.25bn and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in […]

President Ali Urges Saudi Arabians to Invest in Guyana

(CMC, 10.Jul.2022) — The President of Guyana, Dr Mohamed Irfaan Ali, has extended an open invitation to investors of the Kingdom of Saudi Arabia, to ‘invest now’, promising that Guyana is ready to remove bureaucratic hurdles. “You are really pushing at open doors,” the president told the visiting team of […]

NRGBriefs: Saudi Delegation in Guyana for Investment Engagement

(Energy Analytics Institute, 9.Jul.2022) — Energy briefs including Guyana officials speaking during the opening ceremony for the Saudi Arabia – Guyana Investment Engagement at the Arthur Chung Convention Centre. LATIN AMERICA AND THE CARIBBEAN Guyana — A high-level public and private sector delegation from the Kingdom of Saudi Arabia, led […]

Guyana Ready to Make Investment Decisions with Saudi Arabia

(Energy Analytics Institute, 9.Jul.2022) — Guyana’s President Dr Mohamed Irfaan Ali told a delegation of over 60 representatives from the Kingdom of Saudi Arabia, including Deputy Minister for Investors Outreach, Badr al Badr, that Guyana was ready not to only have conversations but to make investment decisions. Ali, who delivered […]

Guyana: RFP for NGL Plant, 300MW CCGT Power Plant Project

(Guyana’s Ministry of Natural Resources, 8.Jul.2022) — The Ministry of Natural Resources (MNR) invites eligible Consultancy Firms to submit Proposals for Project Management Consultant for the Integrated NGL Plant and 300MW CCGT Power Plant Project. The main objective of this Consultancy is for the Consultant to assist the Government of […]

Petrobras to Host 2Q:22 Results Calls

(Petrobras, 7.Jul.2022) — Petrobras informs that it will release its 2Q22 Production and Sales Report on 21 July 2022 and its 2Q22 Financial Performance Report on 28 July 2022, both after the markets close. On 29 July 2022, two webcasts will be held, the first in Portuguese and the second […]

MAN Technology for Offshore Gas Production in Brazil

(MAN Energy, 7.Jul.2022) — MAN Energy Solutions has received an order to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil. Yinson, a global energy solution provider headquartered in Kuala Lumpur (Malaysia), has commissioned MAN Energy Solutions to provide five centrifugal compressor […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]

EP PetroEcuador to import premium diesel from Trafigura

PANAMA CITY, PANAMA (By Editors with Energy Analytics Institute, 7.Jul.2022, Words: 142) — EP PetroEcuador will spend $321mn to import 2,240,000 barrels of Premium Diesel from Trafigura Pte. Ltd., which presented a differential of +$5.62 per barrel in a public tender held on 7 July 2022. The transaction will be […]

Trinidad Minister Young Meets with Trinity Exploration Executives

(TT MEEI, 7.Jul.2022) — In keeping with his commitment to meet and engage with energy stakeholders, The Honourable Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister Stuart R. Young M.P along with Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and […]

Petrobras Commences Cash Tender Offers [PDF Download]

(Petrobras, 6.Jul.2022) — Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the […]

S&P Revises Pemex’s Outlook to Stable

(Reuters, 6.Jul.2022) — S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude oil prices are improving Pemex’s credit metrics, although the company’s weak liquidity continues to affect its assessment […]

NRGBriefs: PDVSA Vassa Closure; IGU’s 2022 World LNG Report

(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release of the International Gas Union (IGU) 2022 World LNG Report. NORTH AMERICA US

Petrobras Entrusts Tenaris with Supply of casing for Buzios Pre-salt Project

(Tenaris, 6.Jul.2022) — Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project. Located in the Pre-salt Santos Basin, Buzios is among the largest deepwater oil and gas fields in the world. Production is expected to reach […]

Touchstone on Cascadura EIA Review Process Update

(Touchstone, 6.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides a further update on the status of the Cascadura Environmental Impact Assessment (“EIA”) in support of an application for a Certificate of Environmental Clearance, which must be approved by the Trinidad and Tobago Environmental Management Authority (“EMA”) to conduct development operations […]

Petrobras on Divestment of Stake in Deten

(Petrobras, 5.Jul.2022) — Petrobras, following up on the release disclosed on 04/28/02, informs that it has today finalized the sale of its entire interest (27.88%) in Deten Química S.A., located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química S.A., which already has […]

Extending Drilling Capacity in Brazil with Valaris DS-17

(Equinor, 5.Jul.2022) — On behalf of the Bacalhau licence partners, Equinor Brazil has awarded Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, a 540-day drilling contract scheduled to start in 2023. The Valaris DS-17 drillship has been tasked to drill an appraisal well, […]

TechnipFMC Inks $1bn FEED Contract with Equinor for BM-C-33 Project in Brazil

(TechnipFMC, 5.Jul.2022) — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA, for an integrated Front End Engineering and Design (iFEED™) study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas […]

US Investors Form JV to Pursue Oil and Gas Projects in Venezuela

(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration and production projects in the U.S.-sanctioned South American country. Gramercy Funds Management and Amos Global Energy said their joint venture would work with an arm […]

NFE Signs Deal with CFE to Expand Supply of Natural Gas to Baja

(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced that it has entered into an agreement with Comisión Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency Andrés Manuel López Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of […]

Amos Global Energy and Gramercy Announce a JV with Inepetrol in Venezuela

(Gramercy Funds Management, 5.Jul.2022) — Gage Venezuela Holdings LLC, a recently created partnership between Amos Global Energy Management LLC (“Age”) and Gramercy Funds Management LLC announced today that it has entered into a joint venture with Inepetrol, S.A., a subsidiary of Inelectra S.A. The joint venture would seek to target […]

NFE Inks Deal with Pemex for Lakach Field, FLNG Deployment Solution

(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. today announced that it has signed an agreement with Petróleos Mexicanos (Pemex) to form a long-term strategic partnership that benefits from the complementary capabilities of each company. The partnership is expressly supported by His Excellency Andrés Manuel López Obrador, the President of Mexico, and by Octavio […]

Four Companies Eye Selection Process for Combined Cycle Block in Ecuador

(Energy Analytics Institute, 4.Jul.2022) — Four companies from Spain, Finland, the Netherlands and Ecuador will prepare offers under Ecuador’s Public Selection Process (PPS) for a concession for a 400 megawatt combined cycle natural gas block. The concession will be for a 25-year term and require an investment of $600mn, Ecuador’s […]

NRGBriefs: Ecuador’s Oil Production Reaches 461,637 B/D

(Energy Analytics Institute, 3.Jul.2022) — Energy briefs including Ecuador’s crude oil production reaching 461,637 barrels per day on 3 July 2022, according to details provided by the country’s Ministry of Energy and Mines. LATIN AMERICA AND THE CARIBBEAN Ecuador Andean oil producer Ecuador reported oil production of 461,637 b/d on […]

Argentina economy minister Guzman resigns as divisions grow

BUENOS AIRES, ARGENTINA (Bloomberg, 2.Jul.2022, Words: 683) — Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated. Guzman announced his decision in a seven-page letter published on Twitter. No replacement was immediately announced. The minister had come under […]

NRGBriefs: Argentina’s Econ. Minister Resigns; Colombia’s New Environmental Minister

(Energy Analytics Institute, 2.Jul.2022) — Energy and economic briefs including Argentina’s Economic Minister Martín Guzmán resigning from his position on 2 July 2022, according to a letter he posted on his Twitter account; Colombia’s president-elect Gustavo Petro appointing Susana Muhamad, an environmental activist, to head the country’s new Environmental Ministry; […]

Enel Américas Announces Planned Voluntary Delisting of its Notes from the NYSE

(Enel Américas, 1.Jul.2022) — Enel Américas S.A. (NYSE: ENIAY) announced that its Board of Directors has unanimously approved the voluntary delisting of its outstanding 4.00% Notes due 25 October 2026 (NYSE: ENIA26A) and 6.60% Notes due 1 December 2026 (NYSE: ENIA26) (collectively, the “Notes”) from The New York Stock Exchange (the “NYSE“) and deregistration with the […]

NRGBriefs: EP PetroEcuador Eyes Recuperating Production

(Energy Analytics Institute, 1.Jul.2022) — Energy briefs including Ecuador’s state oil giant EP PetroEcuador eying recovery by the end of July 2022 of all the production lost at its fields in the Amazon during the national strike; and Guyana’s President Dr Irfaan Ali reaffirming Guyana’s commitment to strengthening its relationship […]

S&P Confirms Ecopetrol’s Long-term International Rating

(S&P, 1.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL) (NYSE: EC) reports that the rating agency Standard & Poor’s (S&P) confirmed Ecopetrol’s long-term international rating at BB+, with a stable outlook, and the Company’s individual credit rating (Stand-Alone) at ‘bbb-‘. The credit rating reflects the stability of the company’s financial results, in […]

Trinidad Minister Young Participates in Ministerial Roundtable

(TT MEEI, 28.Jun.2022) — Honourable Minister Stuart Young participated in the Ministerial Roundtable titled, “A Bright Future Through Energy” at the Suriname Energy, Oil and Gas Summit 2022 on 28 June 2022. Minister Young opened discussions by referencing a Journal of Petroleum Technology (JPT) article which highlighted an example of […]

NRGBriefs: SEOGS 2022 Kicks Off; Petrobras CEO Takes Office

(Energy Analytics Institute, 28.Jun.2022) — Energy briefs including new Petrobras CEO Caio Mário Paes de Andrade starting his new job in Rio de Janeiro; and the opening of the 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) in the South American country’s capital Paramaribo. LATIN […]

US Officials Return to Venezuela Amid Gas Price Hike

(AP, 27.Jun.2022) — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with the South American oil giant as the war in Ukraine drags on, forcing the U.S. to recalibrate other foreign policy objectives. A U.S. State Department […]

Ramps Under Pressure in Guyana

(Trinidad Express, 25.Jun.2022) — Guyana’s local content law is likely to affect the future operations in the oil-rich South American country of one of its earliest and biggest investors, a Trinidad-owned company, Ramps Logistics. Ramps Logistics, a family-owned business from Cunupia, expanded into Guyana in 2013–which was before ExxonMobil discovered […]

The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]

(Citgo, 27.Jun.2022) — The Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, released its 2021 Annual Report. The Foundation is dedicated to improving the health of vulnerable people affected by the complex, ongoing humanitarian crisis in Venezuela, with special attention to mothers and children. After redefining its […]

Heritage, Paria, and Staatsolie Ink MoU

(Heritage, 27.Jun.2022) — Earlier today, a Memorandum of Understanding (MoU) between Heritage Petroleum Company Limited, Paria Fuel Trading Company Limited, and Staatsolie Maatschappij Suriname N.V. was executed in Paramaribo, Suriname on the sidelines of the Suriname Energy, Oil and Gas Summit. The MoU establishes a framework for cooperation amongst three […]

Touchstone on Trinidad Operations, Environmental Incident

(Touchstone Exploration, 27.Jun.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an update on the operational progress across the Ortoire block, onshore Trinidad. Touchstone has an 80 percent operating working interest in Ortoire block, with Heritage Petroleum Company Limited holding the remaining 20 percent working interest. Coho • The pipeline […]

In Colombia, Natural Gas Consumption Exceeding Production

(EIA, 27.Jun.2022) — In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia Country Analysis Brief. More than 65% of electricity generation in Colombia came from […]

Petrobras Teasers for Divestment of Refining and Logistics Assets

(Petrobras, 27.Jun.2022) — Petrobras, following up on the releases disclosed on 8 February 2021, 25 August 2021, and 1 October 2021, restarted the processes for the sale of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande […]

Petrobras BODs Names Caio Mário Paes de Andrade as CEO

(Petrobras, 27.Jun.2022) — Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras’ Director until the next General Shareholders’ Meeting and elected him as the company’s CEO, the latter to hold office until April 13, 2023. […]

Petrobras Elects New CEO as Fuel Price Pressures Mount

(Reuters, 27.Jun.2022) — The board of directors of Brazil’s Petrobras elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion. Andrade, a former economy ministry official, was also voted onto the company’s board ahead of […]

Saipem to Sale FPSO Cidade de Vitória for $73mn to BW Energy

(Saipem, 27.Jun.2022) — Saipem and BW Energy signed a Memorandum of Agreement (MoA) for the sale of the FPSO Cidade de Vitoria, currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale of the FPSO is subject to the closing of the acquisition by […]

NRGBriefs: Canacol on Colombian Operations; Perfect Storm of Soaring Inflation

(Energy Analytics Institute, 25.Jun.2022) — Energy briefs including Canacol Energy Ltd. providing details about its operations in Colombia as well as its value proposition in the South American country [PDF download]; and many emerging economies are currently faced with a perfect storm of soaring inflation, acute shortages of fuel and […]

EP PetroEcuador Comments on Impact of Ongoing Unrest

(Energy Analytics Institute, 25.Jun.2022) — Ongoing social unrest, which started on 13 June 2022, in Ecuador’s Amazon region has led to the closure of oil wells and consequently has led to an inability to operate entire blocks in the South American country. To date, Ecuador has stopped producing 1,071,707 barrels […]

Petrobras Board to Discuss Selection of Caio Mário Paes de Andrade as Next CEO

(Petrobras, 24.Jun.2022) — Petrobras, following up on the release disclosed today, informs that its Board of Directors will meet extraordinarily, on 27 June 2022, in the morning, to deliberate on the appointment of Mr. Caio Mário Paes de Andrade as a Member of the Board of Directors of Petrobras and […]

NRGBriefs: Caribbean Monthly Economic Report June 2022

(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba in June 2022; Guyana’s Natural Resource Fund hitting $643.98mn in May 2022; Suriname’s real GDP growth is expected to reach […]