Latin America and the Caribbean Archives - Page 92 of 222

Peru’s President Avoids Impeachment after Marathon Debate

(Al Jazeera, 28.Mar.2022) — Peru’s President Pedro Castillo avoided impeachment by the country’s opposition-dominated legislature on Monday after a parliamentary debate lasting more than eight hours. Fifty-five legislators voted in favour of impeachment, 54 voted against and 19 abstained. The president’s critics needed 87 votes to impeach the leader, who was accused […]

Brazil Government Plans to Replace Petrobras CEO Joaquim Silva E Luna

(WSJ, 28.Mar.2022) — Brazil’s Mining and Energy Ministry said Monday the government intends to replace Joaquim Silva e Luna as chief executive of state-controlled Petróleo Brasileiro SA, or Petrobras, with Adriano Pires, an oil sector consultant with government experience. The change comes after weeks of criticism by Brazilian President Jair […]

Triangle Lithium LLC Starts Antofalla Drilling Campaign in Argentina

(Triangle Lithium, 28.Mar.2022) — Triangle Lithium LLC’s subsidiary Triangle Lithium Argentina, SA (Trila), a joint venture with Lithium Energi Argentina, SA (LEA), finalized and executed all the contracts required to kick off its drilling campaign in the Antofalla Salar in Catamarca Province, Argentina. Work will commence in the next ten days. […]

War Turns Argentina’s Shale Boom Dream into Gas-Buying Nightmare

(Bloomberg, 28.Mar.2022) — Argentina, home to some of the world’s vastest gas reserves, is bracing for the unthinkable: rationing one of its chief natural resources. Despite having shale-gas deposits to rival those in Appalachia, which made the U.S. a major exporter, Argentina’s gas industry has suffered from years of underinvestment that’s left it […]

Petrobras CEO Ousted Amid Spat Over Fuel Prices

(Bloomberg, 28.Mar.2022) — Latin America’s biggest oil producer Petroleo Brasileiro SA will have its third chief executive officer since early 2021 after Joaquim Silva e Luna was pushed out following growing political pressure to contain fuel prices. Luna’s ouster after just a year in the role comes less than a […]

Petrobras on Letter from the Mines and Energy Ministry

(Petrobras, 28.Mar.2022) — Petrobras, following up on the release disclosed on 03/05/2022, informs that it received a letter from the Ministry of Mines and Energy on today’s date, at 6:25 p.m., in reference to the Petrobras Annual General Meeting to be held on 13 April 2022, with two replacements in […]

EAI brief takeaway: Venezuela and US sanctions

PANAMA CITY, PANAMA (By Editors at Energy Analytics Institute, 26.Mar.2022, Words: 364) — Venezuela’s petroleum sector is again front center on Washington’s radar due to the OPEC country’s massive oil reserves, production potential and proximity after the US imposed sanctions on Russian barrels due to its Ukraine invasion. Energy Analytics […]

NRGBriefs: Venezuela Petroleum Flows to Asia-Pacific Trending Downward

(Energy Analytics Institute, 25.Mar.2022) — Energy briefs including Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young meeting with Touchstone Exploration executives about the company boosting production; Venezuelan petroleum (crude and product) flows to Asia-Pacific continuing a downward trend in March 2022; and Sempra (NYSE: SRE) (BMV: SRE) issuing a […]

GCL SI to Supply 71MW Solar Modules in Brazil

(GCL SI, 24.Mar.2022) — GCL System Integration Technology Co., Ltd. (GCL SI) (Shenzhen:002506), a photovoltaics (PV) company in China, will launch a project, dubbed Casa Blanca, in Bahia, Brazil in cooperation with Atlas Renewable Energy, a global renewable energy generator, with an expected full capacity of 250MW once construction is completed. GCL SI […]

NRGBriefs: Venezuela Oil Production Tendencies in Early 2022

(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert in Caracas saying that the OPEC country in the early months of 2022 is importing around 60,000 b/d of condensate […]

CGG Wins Another Major 4D OBN Imaging Contract Offshore Brazil

(CGG, 24.Mar.2022) — CGG has been awarded a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil. The resulting data will bring improved geological insight to the asset operator, Petrobras, to assist with better management of oil recovery […]

Frontera Finds 27.2 Degree API Light Oil At The Tui-1 Well In Ecuador

(Frontera, 24.Mar.2022) — Frontera Energy Corporation (TSX: FEC) has discovered 27.2 degree API light crude oil at the Tui-1 exploration well on the Perico block (Frontera 50% W.I. and operator) in Ecuador. Orlando Cabrales, Chief Executive Officer of Frontera, commented: “We are excited to announce a second consecutive light crude oil […]

Argentine Gas Transporter Adding Capacity from Vaca Muerta Shale Play

(S&P Global, 23.Mar.2022) — Transportadora de Gas del Sur, or TGS, the biggest gas transporter in Argentina, said late March 22 it plans to invest $60 million to build a 17 million cu m/d pipeline out of Vaca Muerta, the latest transport project in the shale play that is boosting […]

NRGBriefs: Zacatecas Silver Provides Update on Panuco Project

(Energy Analytics Institute, 23.Mar.2022) — Energy briefs including Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) providing an update on its diamond drilling program at the Panuco deposit located within the Zacatecas Property in Mexico; and 2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) updating and significantly […]

IDB Approves Strategy for Trinidad and Tobago on Digital Transformation

(IDB, 23.Mar.2022) — Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Trinidad and Tobago Minister of Planning & Development Pennelope Beckles met today to discuss upcoming plans for the IDB’s work in Trinidad and Tobago, as well as the IDB’s work on digitalization and climate change in the Caribbean. The IDB’s Board […]

Petro Names Afro-Colombian Environmentalist as Running Mate

(Bloomberg, 23.Mar.2022) — Gustavo Petro, who’s leading Colombia’s presidential race with a campaign focused on wealth redistribution and a green economy, doubled down on his approach by picking as his running mate a 39-year-old Afro-Colombian woman who’s an environmental activist. Francia Marquez pledged to move the Vice President’s office from […]

If Biden Wants to Lower Gas Prices, he Should Talk to Guyana | Opinion

(Miami Herald, 23.Mar.2022) — President Biden recently sent a team of senior U.S. officials to Caracas for talks with Venezuelan dictator Nicolás Maduro about a possible oil deal to help bring down gas prices in America. But Biden should instead be sending his envoys to a Venezuelan neighbor that could […]

POSCO Holdings Inc. Invests $839mn in Lithium Business in Argentina

(POSCO Holdings, 23.Mar.2022) — POSCO Holdings started construction of a plant to commercialize brine lithium in Argentina. The POSCO Group is Argentina’s first to produce lithium hydroxide for batteries through the entire process, from acquisition of mining rights to exploration to construction and operation of a production plant. On the 23rd, […]

Colombia’s Fossil Fuel Industry Is Freaking Out About Gustavo Petro

(The New Republic, 22.Mar.2022) — This spring, Colombia could elect its first progressive president. In primary elections earlier this month—held for left-wing, centrist, and ruling right blocs—former Bogotá mayor and 2018 presidential candidate Gustavo Petro won an astounding nearly 4.5 million votes to emerge as nominee for the left-wing coalition known as the Historic Pact. Election […]

Government Expects Higher Than Budgeted Revenues, Forex From Oil, Gas

(Trinidad and Tobago Newsday, 22.Mar.2022) — Finance Minister Colm Imbert said Trinidad and Tobago can expect to enjoy quite higher earnings from the sale of crude oil and natural gas, even as he boasted of foreign reserves now at US$6.7 billion or eight months of import cover, well in excess […]

NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]

(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]

NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her 2022 presentation of the “Memoria y Cuenta” to the National Assembly; and a recent election poll from Genial/Quaest published on […]

Chevron, Waiting It Out in Venezuela, Tells US Now Is the Time to Pump Oil

(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela, where the U.S. has banned such activities since 2019. Then Vladimir Putin launched his invasion of Ukraine. Now the Biden administration […]

Zacatecas Closes Oversubscribed $19.15mn Financing

(Zacatecas Silver, 22.Mar.20222) — Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) closed a $19.15mn offering of subscription receipts (the “financing”). The financing was previously announced on 28 February 2022 as a $15mn private placement and then, due to strong demand, was upsized to $18mn on 4 March […]

Argentina Lithium Starts Geophysics Program at Rincon West Project

(Argentina Lithium & Energy Corp., 21.Mar.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) commenced advanced geophysical imaging surveys at its Rincon West Lithium Project, located at the Salar de Rincon in Salta Province, Argentina. The deep-seeing Transient Electromagnetic Sounding survey will image the sub-surface of the basin, […]

Ecopetrol, Promigas Start up Pilot-Scale Electrolysers in Cartagena

(Renewables Now, 21.Mar.2022) — The Colombian government on Friday inaugurated a pair of electrolysers in the city of Cartagena installed by two domestic companies as part of their pilot projects to produce green hydrogen. Colombian oil producer Ecopetrol SA (NYSE:EC) and natural gas utility Promigas SA (BVC:PROMIG) each launched solar-powered […]

Eco Atlantic Updates Resource Report on Assets in Guyana, Namibia and S. Africa

(Eco (Atlantic), 21.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX ‐ V:EOG) announced publication of an updated NI 51-101 compliant Competent Person’s Report (“CPR”) on its assets Offshore Guyana, Offshore Namibia and Offshore South Africa. The CPR was compiled by WSP USA Inc., of Boulder Colorado, USA, an […]

NRGBriefs: Argentina’s Oil Production Reaches 571,000 b/d in Feb. 2022

(Energy Analytics Institute, 21.Mar.2022) — Energy briefs including Argentina’s oil production rising in Feb. 2022 to 571,000 b/d, its highest mark since Dec. 2011; and Neuquén Province’s Governor Omar Gutiérrez participating in the official inauguration of the Argentina Oil & Gas (AOG2022) event in Buenos Aires. LATIN AMERICA AND THE […]

Let’s Wait And See Impact on Govt Revenue: Energy Minister Young Says

(Trinidad Express, 20.Mar.2022) — Energy Minister Stuart Young said yesterday that higher global ammonia prices should result in more revenue for the Government in the current fiscal year. Young was reacting to recent news that Russia’s invasion of Ukraine has contributed to higher prices for all kinds of fertilisers, including […]

NRGBriefs: Xi Jinping Says World Must Reject Cold War Mentality

(Energy Analytics Institute, 20.Mar.2022) — Energy briefs including China’s Xi Jinping saying there should be a rejection to “the Cold War mentality”; and the American Association of Petroleum Geologists (AAPG), in conjunction with the Colombian Association of Petroleum Geologists and Geophysicists (ACGGP), hosting ICE in Cartagena, Colombia in mid-April 2022. […]

UWI Economist Urges CARICOM to Look Within for Oil Supplies

(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University of the West Indies economist, wondered aloud whether the United States would consider invading Venezuela, which has some of the largest oil reserves in the […]

Science in the Southern Hemisphere: SOFIA Deploys to Chile

(Universities Space Research Association, 18.Mar.2022) — The Stratospheric Observatory for Infrared Astronomy (SOFIA) landed at the Santiago International Airport on 18 March 2022. Like other deployments to the Southern Hemisphere, SOFIA is a partnership between NASA and German Aerospace Agency (DLR) and temporarily changing its base of operations from Palmdale, California, to Santiago, Chile, to observe celestial objects […]

NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]

(Energy Analytics Institute, 18.Mar.2022) — Energy briefs including Colombia commencing operations at the first of two green hydrogen pilots in Cartagena; Ecopetrol announcing plans to be producing 1 million tons of hydrogen by 2040; former Brazilian President Luiz Inácio Lula da Silva saying that in the eight yrs of his […]

Shell Brasil Applies for Environmental License for Offshore Wind Power Projects

(Shell Brasil, 18.Mar.2022) — Shell Brasil earlier this week applied for environmental licenses from the Brazilian Institute of the Environment and Natural Resources (IBAMA) for offshore wind power generation in six areas covered by the states of Piauí, Ceará, Rio Grande do Norte, Espírito Santo, Rio de Janeiro, and Rio […]

US sanctions on Venezuela and what they don’t tell you: Luis Vicente León

CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 341) — Datanalisis president Luis Vicente León commented on social media about the rumors around an easing of US sanctions on Venezuela as well as why Venezuela’s President Nicolás Maduro is benefitting the most from Washington’s current restrictions. Excerpts from […]

Washington-Caracas talks driven by 3 factors: Datanalisis’ Luis Vicente León says [video]

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 242) — Talks earlier this month between a delegation from Washington and Venezuela’s President Nicolás Maduro related to 3 issues, according to Datanalisis’ Luis Vicente León, who spoke in a video for HispanoPost via Twitter. Excerpts from his post (see video […]

Defaulted Venezuela Bonds Are Luring Buyers Betting on US Deal

(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which has been mired in default for years, when prices ticked higher around that level this week, it marked a sudden sign of growing optimism. As […]

Ecopetrol Rectifies False Details Published on Third-party Website

(Ecopetrol, 18.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 17 March 2022, it became aware of certain false information published on a now-deactivated website (https://secureleads.org/), which purported to give Colombians an opportunity to access the company’s profits by investing COP 960,000 in cryptocurrency for trading in an instrument called “Bitcoin Ecopetrol” and […]

NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela

(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan Guaidó saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]

Braskem Reports Record Results in 2021

(Braskem, 17.Mar.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced its results for 4Q21 and 2021. 4Q21 and 2021 HIGHLIGHTS Braskem – Consolidated In 4Q21, Braskem’s recurring Operating Result was $1.1 bn, 23% lower than in 3Q21, mainly due to: (i) lower international spreads for main chemicals, PE […]

Golden Arrow Purchases the San Pietro Iron-oxide Copper Gold Project, Chile

(Golden Arrow Resources, 17.Mar.2022) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF),through its wholly owned subsidiary New Golden Explorations Chile SPA, purchased a 100% interest in the San Pietro Iron-oxide Copper Gold (IOCG) Project (formerly known as Radiss) in Chile from Sumitomo Metal Mining Chile Ltda (SMM Chile) for cash consideration of US$3.35mn. […]

Lithium South Completes Environmental Baseline Study in Argentina

(Lithium South, 17.Mar.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced finalization of the Environmental Baseline Study for the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina. E&C Consultores of Salta have been completing the final in field survey, collecting data on the Flora, Fauna, […]

Sorcia Minerals hosts University of Santiago at Direct Lithium Extraction Plant

(Sorcia Minerals, 16.Mar.2022) — Sorcia Minerals LLC hosted Universidad de Santiago de Chile (USACH) in the US for a tour of the newly completed International Batteries Metals (IBAT) direct lithium extraction (DLE) plant. USACH sent Dr. Alonso Arellano, Professor, from the Faculty of Engineering to verify the progress and assembly of the Direct Lithium Extraction plant. Dr. Arellano […]

Shell Among Companies Chasing Ecuadorian Oil After Russia Sanctions

(Bloomberg, 16.Mar.2022) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and […]

Venezuelans Feel Pain at the Pump as More Gas Stations Charge in Dollars

(Reuters, 16.Mar.2022) — Venezuelan drivers are feeling the squeeze of nagging gasoline shortages as state oil company PDVSA gradually boosts the number of its gas stations that charge them in dollars, five sources in the South American country said. Three of the sources, who all have access to oil sector […]

NRGBriefs: Washington yet to Ease Sanctions on Venezuela

(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and Washington continuing to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their […]

Engaging Venezuela Is Worth the Gamble

(Bloomberg, 15.Mar.2022) — A more realistic policy toward the Maduro regime would free up oil supplies and weaken Russian influence. In a bid to ease pressure on global energy supplies, the U.S. has opened talks with the government of Venezuelan leader Nicolas Maduro, which could lead to the lifting of some […]

SWVL Commits FDI to Argentina to Improve Mass Transit

(Swvl Inc., 15.Mar.2022) — Swvl Inc., a global provider of transformative tech-enabled mass transit solutions, and the government of Argentina announced that Swvl will become a significant foreign direct investor in Argentina to improve the reliability, safety and demand responsiveness of mass transit systems across the country. Swvl will make an initial $15mn investment, which will […]

Petrobras Says TGB and TSG Divestments Still in Binding Phase

(Petrobras, 15.Mar.2022) — Petrobras, regarding the pieces of news in the media about the sale of all of its 51% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira Gás S.A. (TSB), clarifies that this divestment project is still in the binding phase. EIG Global Energy […]

NRGBriefs: Zacatecas Silver Corp. Names Nancy La Couvee to BODs

(Energy Analytics Institute, 15.Mar.2022) — Energy briefs including the start of the CARIVS 2022 virtual summit in Guyana; and Zacatecas Silver Corp. (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) naming Nancy La Couvee to the company’s BODs. LATIN AMERICA AND THE CARIBBEAN Guyana The 2nd Caribbean Oil & Gas Virtual Summit […]