Latin America and the Caribbean Archives - Page 84 of 220

NRGBriefs: SEOGS 2022; Cascadura Separators Ready for Shipment

(Energy Analytics Institute, 2.Jun.2022) — Energy briefs including the upcoming Suriname Energy, Oil & Gas Summit and Exhibition; and Touchstone Exploration preparing to receive the separators for the Cascadura facility that will be shipped from Alberta, Canada to Trinidad and Tobago. LATIN AMERICA AND THE CARIBBEAN Colombia — Celsia intensifies […]

CFE Reveals Early Tender for Previously Announced Cash Tender Offer

(CFE, 2.Jun.2022) — Comisión Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States (Mexico), announced today the early tender results of its previously announced tender offer to purchase for cash its notes of the series set forth in the table below (all […]

Petrobras Launches New Website Dedicated to Fuel Prices

(Petrobras, 1.Jun.2022) — Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the parts involved in the formation of gasoline, diesel and cooking gas (LPG) prices. The new site (precos.petrobras.com.br), in addition to […]

Colombia Higher Court Rules Fracking Pilot Projects Can Go Ahead

(Reuters, 2.Jun.2022) — Investigative fracking operations in Colombia can go ahead after a court in the Andean country’s Santander province on Thursday reversed a lower court’s decision to block two pilot projects. Commercial development of non-conventional energy deposits – such as by hydraulic fracturing, or fracking for hydrocarbons – is […]

Global Energy Upheaval Offers Argentina’s ‘Dead Cow’ a New Lease of Life

(FT, 2.Jun.2022) — Can the EU’s ban this week on most Russian oil imports breathe new life into a dead cow in Patagonia? Argentina’s president Alberto Fernández thinks so. He is talking up the potential of the world’s second-largest shale gas deposit and its fourth-largest shale oil reserve to fill […]

Petrobras to Acquire Edison S.p.A.’s Interest in Ibiritermo S.A. for R$1.00

(Petrobras, 1.Jun.2022) — Petrobras signed a contract for the purchase of Edison S.p.A.‘s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion Contract (ECC), signed on 06/21/2002 with Ibiritermo S.A.. Additionally, at the conclusion of the transaction, Petrobras will make the payment […]

Alpek Concludes Acquisition of OCTAL

(Alpek, 1.Jun.2022) — Alpek, S.A.B. de C.V. has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL for U.S.$620mn on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank […]

Ecopetrol on Measures for its Extraordinary Shareholders’ Meeting

(Ecopetrol, 1.Jun.2022) — 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 S.A. or the “company”) approved the implementation of the following measures aimed at guaranteeing the adequate representation of shareholders at the […]

Ecopetrol on Distribution of the Occasional Reserve

(Ecopetrol, 1.Jun.2022) — In connection with the convening of an Extraordinary Shareholders’ Meeting of Ecopetrol S.A. requested by the majority shareholder (the Ministry of Finance and Public Credit of Colombia, or the “Nation”), for the purpose of submitting a proposed modification to the company’s occasional reserve and its subsequent distribution as […]

Stuart Young Presents Trinidad and Tobago’s Energy Vision at TTEC 2022

(MEEI, 1.Jun.2022) — Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) head Stuart Young presents the government’s vision for the oil and gas industry for the country at the Trinidad and Tobago Energy Conference in Port of Spain with the focus on the sustainability of the gas industry, […]

NRGBriefs: Vista’s Sustainability Report; Excelerate CEO on LNG Market

(Energy Analytics Institute, 31.May.2022) — Energy briefs including Vista Oil & Gas revealing its 2021 sustainability report; and Excelerate Energy President & CEO Steven Kobos commenting on the red hot LNG market amid the current geopolitical mess in Europe. LATIN AMERICA AND THE CARIBBEAN Argentina — Vista Oil & Gas […]

Petrobras Reveals Teaser for UFN III Divestment

(Petrobras, 31.May.2022) — Petrobras, following up on the release disclosed on 04/28/2022, informs it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit III (UFN-III). The teaser, which contains key information about the opportunity – including the provision for the buyer to commit […]

Trinidad PM Keith Rowley Gives Keynote Address at TTEC 2022

(OPMTT, 31.May.2022) — Trinidad and Tobago’s Prime Minister Dr the Honourable Keith Rowley gave the keynote speech at the Trinidad and Tobago Energy Conference (TTEC) 2022 held at the Port of Spain Hyatt Regency. What follows is his speech titled “Leveraging the industry’s strengths for the energy transition.” A very […]

Latin America and the Caribbean

Shell to Develop Crux Project in Western Australia

(Shell, 30.May.2022) — Shell Australia Pty Ltd and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied […]

Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles

(Reuters, 31.May.2022) — As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe’s move to become independent from Russian gas, Latin America’s only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis […]

NGC and NewGen Energy Limited Sign LOI

(NGC, 31.May.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a non-binding Letter of Intent (LOI) with NewGen Energy Limited, which expresses its intention to work collaboratively with NewGen to evaluate the development of NewGen’s hydrogen production facility. Subject to the commercial feasibility of this low-carbon […]

Dwight Mahabir at the Opening Ceremony of the TTEC 2022

(The Energy Chamber, 31.May.2022) — What follows is Chairman Dwight Mahabir’s address at the opening ceremony of the TTEC 2022 in Port of Spain, Trinidad and Tobago. Ladies and Gentlemen: It is great to be back here in person at the T&T Energy Conference. The past two and a half […]

PDVSA Extends Diesel Sales in Dollars, Cutting Subsidy

(Reuters, 30.May.2022) — Venezuela’s state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers and public transportation drivers to fill their tanks almost for free, according to documents and sources. Venezuela had set a diesel retail price of $0.50 […]

Brazil Looks to Add Petrobras to Investment Partnership Program

(Petrobras, 30.May.2022) — Petrobras received a letter on 30 May 2022 from the Ministry of Mines and Energy notifying that it has forwarded to the Ministry of Economy (ME) request for qualification of the company under the Investment Partnership Program, linked to the ME, in order to start specific evaluation […]

NRGBriefs: Petro and Hernández Lead Colombian Presidential Elections

(Energy Analytics Institute, 29.May.2022) — Energy and political briefs including initial results in Colombia showing Gustavo Petro and his running mate Francia Márquez Mina, representing the Pacto Histórico party, heading into a second round run off against Rodolfo Hernández and his running mate Marelen Castillo, representing the Anti-Corruption Rulers’ League […]

NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License

(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation‘s license to remain in Venezuela; and failures impacting the Venezuela’s National Electric System that would require ~$10bn to fix. LATIN AMERICA AND THE CARIBBEAN Colombia — […]

Subsea 7 Awarded Contract Offshore Brazil

(Subsea 7, 26.May.2022) — Subsea 7 announced the award of a major(1) contract by Petrobras for the development of the Búzios 8 field located approximately 180 kilometres off the coast of Rio de Janeiro at 2,000 metres water depth in the pre-salt Santos basin. The contract scope includes engineering, procurement, fabrication, […]

bpTT targets “Small Pool” Gas Opportunities

(bpTT, 26.May.2022) — bpTT announced the return of the Joe Douglas Jack Up rig which will arrive in Trinidad in September 2022 and begin drilling operations in the fourth quarter. The first phase of the drilling programme will involve development drilling of small pools; three wells in the Mango field […]

Petrobras Inks Deal for the Divestment of the LUBNOR Refinery

(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale […]

Petrobras Board Deliberates About CEO, Board Changes

(Petrobras, 25.May.2022) — Petrobras, following up on the release disclosed on 23 May 2022, regarding the Ministry of Mines and Energy‘s Official Letter requesting the convening of an Extraordinary General Meeting (EGM) to promote the substitution and election of a member of the Board of Directors and the nomination of […]

Talos Energy To Host Analyst & Investor Day

(Talos, 24.May.2022) — Talos Energy Inc. (NYSE: TALO) will host its first-ever analyst and investor day today at 2:00 PM Eastern Time (1:00 PM Central Time). A live webcast of the event will be available on the company’s recently updated and relaunched corporate website at https://www.talosenergy.com/investor-relations/events-calendar/. Please allow extra time to […]

US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms

(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said. The last U.S. energy producer in Venezuela asked […]

Houston American Energy Spuds First Exploration Well in Colombia

(Houston American Energy, 24.May.2022) — Houston American Energy Corp. (NYSE MKT: HUSA) announced that final approvals and permits have been received and drilling operations have commenced on a well on the CPO-11 Venus Exploration Area in Colombia. The well, operated by Hupecol Operating, is Houston American’s first well to be drilled on the […]

NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to be on “maximum alert” in the face of what he called “terrorist attacks by the national and international right-wing against the Guri hydroelectric complex and […]

Petrobras on Request Regarding Caio Mario Paes de Andrade

(Petrobras, 23.May.2022) — Petrobras received today a letter from the Ministry of Mines and Energy, requesting measures in order to call an Extraordinary General Meeting, with the purpose of promoting the removal and election of a member of the Board of Directors, and appointing Caio Mario Paes de Andrade, to […]

Golden Arrow Provides Results of Drilling at Tierra Dorada Gold Project in Paraguay

(Golden Arrow, 20.May.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) received the final assays from its recent diamond drilling program at the Tierra Dorada Gold project in Paraguay. The Phase II program included 46 drill holes totaling 1791.80 meters testing the Alvaro and Itayuru prospects. Eight holes returned intervals of […]

Latin America and the Caribbean

Forefront Power to Develop Solar Energy Systems for Anheuser-Busch

(ForeFront Power, 20.May.2022) — ForeFront Power, a developer, advisor, and asset manager for commercial and industrial-scale solar energy and storage projects, has partnered with American brewer, Anheuser-Busch, to develop solar energy systems at eight breweries in its craft business unit, Brewers Collective. ForeFront Power has now completed solar energy installations […]

Mantaro Precious Metals Corp. Starts 5,000m Drill Program at Golden Hill

(Mantaro, 19.May.2022) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) announced the maiden 5,000-meter diamond drill program has commenced at the Golden Hill Property, located in Bolivia. The company will initially focus on drilling the numerous veins within the high-grade La Escarcha Gold Mine. Veins are up to 5 […]

Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia

(Sumitomo, 18.May.2022) — Sumitomo Corporation Andes S.A.S. (SCAN), a subsidiary of Sumitomo Corporation, together with Promigas, a leading energy distributor and transporter in South America, announced their intent to collaborate on the development of hydrogen mobility solutions in Colombia. The purpose of this agreement is to establish a collaboration between the two […]

Shell, Brazil’s Açu Partner to Build Green Hydrogen Plant

(Reuters, 19.May.2022) — Shell and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation. Under the terms of a memorandum of understanding signed May 19 and […]

CFE Reveals Commencement of Cash Tender Offer

(CFE, 19.May.2022) — Comisión Federal de Electricidad (CFE), a productive state enterprise of the Federal Government of the United Mexican States announced today that it commenced a tender offer (the “Offer“) to purchase for cash its 4.875% Notes due 2024 (the “2024 Notes“), 6.125% Notes due 2045 (the “2045 Notes“), 5.750% Notes […]

HIF Global and Uniper Ink Letter of Intent to Produce, Sell eFuels

(HIF Global, 19.May.2022) — HIF Global, HIF Chile and Uniper Global Commodities signed a Letter of Intent (the “eFuels LOI”) to negotiate binding offtake agreements for the sale and purchase of eFuels from the commercial plants under development in Magallanes, Chile. Pursuant to the eFuels LOI, HIF Global and Uniper will […]

SQM Reports Earnings of $796.1mn in 1Q:22

(SQM, 19.May.2022) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the three months ended 31 March 2022 of US$796.1 million (US$2.79 per share), an increase from US$68mn (US$0.26 per share) reported for the three months ended 31 March 2021. Gross profit reached US$1,164.7mn (57.7% of revenues) for the three months ended 31 […]

NRGBriefs: Chevron Comments on Venezuelan License; SQM Results

(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22 financial results; Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) reporting results from 10 new drill holes targeting the Tajitos – Copala resource area, at […]

NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]

Frontera Announces Annual and Special Meeting Results

(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today. ELECTION OF DIRECTORS Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total […]

Frontera Releases Sustainability Report

(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) released its 2021 Sustainability Report, announced its 2022 environmental, social and governance (ESG) targets and reaffirmed its commitment to continue to develop and implement meaningful actions to strengthen its ESG performance across its business. Orlando Cabrales, Chief Executive Officer, Frontera commented: “I am […]

NG Energy Receives Initial Prepayment from the María Conchita Block

(NG Energy, 18.May.2022) — NG Energy International Corp. (TSXV: GASX) (OTCQX: GASXF) received an initial advance payment for the first 15 days of production from the María Conchita block. Energy Transitions S.A.S E.S.P. and Plus + SAS ESP‘s prepayment for the acquisition of 3.5 million standard cubic feet per day (MMSCFD) of gas […]

Citgo Reports 1Q:22 Net Income of $245mn

(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and a loss of $(180)mn for the first quarter of 2021. Reliable operations and favorable market conditions enabled Citgo to generate EBITDA 1 of $518mn for the first quarter of 2022, compared […]

US Moves to Ease a Few Economic Sanctions on Venezuela

(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and the government of President Nicolás Maduro. The limited changes will allow Chevron Corp to negotiate its licence with the state-owned […]

Invenergy Surpasses 30 Gigawatts as it Celebrates 20th Anniversary

(Invenergy, 17.May.2022) — Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, is celebrating a monumental milestone: the company has successfully developed over 30 gigawatts (GW) of clean energy generation projects over its 20-year existence, projects that generate enough energy to power nearly 10 million […]

Vivaris Capital and United Cities to Create Sustainable Net Zero Cities

(Vivaris Capital, 17.May.2022) — Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, signed a global facilitation agreement with United Cities (UCNA). Vivaris and UCNA will work together to develop sustainable real estate projects and to deploy climate technologies. UCNA’s mission is to support the UN-approved 2030 Sustainability […]

US to Ease Some Energy Sanctions on Venezuela

(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told CNN. The first step, to be announced on Tuesday, will allow Chevron — the last major US oil company still […]

Petrobras Announces Diesel Spill at Presidente Bernardes Refinery

(Petrobras, 17.May.2022) — Petrobras announces there was a diesel oil spill followed by a fire at the Presidente Bernardes Refinery (RPBC), located in the city of Cubatão, in the state of São Paulo. The site was immediately isolated and the refinery’s fire brigade team controlled the incident. There were no […]

Orvana’s Revises Guidance Due to Impacts on Orovalle Operation

(Orvana, 10.May.2022) — Orvana Minerals Corp. (TSX: ORV) reports consolidated financial and operational results for the quarter ended 31 March 2022 and announces revised guidance for fiscal year 2022 for the Orovalle operation to take into consideration the impacts caused by COVID-19 related absenteeism, delays in spare parts supply in Europe, the nationwide transportation strike […]