Latin America and the Caribbean Archives - Page 92 of 220

Exxon Raises Guyana’s Long Term Oil Production Outlook

(Reuters, 2.Mar.2022) — Exxon Mobil Corp (XOM.N) on Wednesday said it plans to have capacity to produce with partners 1.2 million barrels per day of oil and gas (boed) offshore of Guyana by 2027. That adds 200,000 boed of production capacity compared to a previous estimate by the consortia led by Exxon. […]

Presidential Candidate Gustavo Petro Raising Eyebrows in Colombia and Beyond

(Energy Analytics Institute, 1.Mar.2022) — Colombia’s so-called progressive lawmaker Gustavo Petro continues to top early polls ahead of presidential elections slated for 29 May 2022. A Petro victory would represent a drastic politically shift left of center and usher in a climate conscious leader openly against hydraulic fracking and new […]

Ecopetrol’s 2021 Earnings Distribution Proposal

(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) hereby informs of the company’s 2021 earnings distribution proposal, approved by the Board of Directors of Ecopetrol, which will be submitted for the consideration of the General Shareholders’ Meeting that will take place on 30 March 2022: 1 A 60% dividend payout ratio established in […]

NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin

(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]

Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval

(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a 2 million-barrel cargo of […]

Ecopetrol Reveals 4Q:21 and YE:21 Results

(Ecopetrol, 1.Mar.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announced the Ecopetrol Group´s financial results for the fourth quarter and year end for 2021, prepared in accordance with the International Financial Reporting Standards applicable in Colombia. The financial information included in this report has been audited and is expressed in billions of Colombian […]

Spill Gates Afobakadam Open from 2 March

(Energy Analytics Institute, 28.Feb.2022) — The spill gates of the Afobaka dam will be opened from 2 March 2022 due to the high water level in the reservoir, Staatsolie announced 28 February 2022 in an official statement on its website. The spilling will take place over a longer period of […]

NRGBriefs: Japan to Support Removing Key Russian Banks from SWIFT

(Energy Analytics Institute, 28.Feb.2022) — Energy briefs including NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announcing that members of the senior management team will participate in various investor meetings throughout March; the Deputy Secretary of the Treasury Wally Adeyemo speaking with Japan Finance Vice Minister Masato Kanda […]

NGC Corrects Misleading Statements Printed in the Trinidad Guardian

(NGC, 28.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) wishes to correct a false assertion made by journalist Curtis Williams in the Sunday Guardian story ‘BHP flops: Ruby oil field fails to shine’, dated 27 February 2022. The article incorrectly stated that NGC President, Mark Loquan, […]

IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region

(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]

NRGBriefs: Guyana Launches Local Content Registry

(Energy Analytics Institute, 25.Feb.2022) — Energy briefs including Energy Analytics Institute (EAI) believing that the recent commencement of war between the Ukraine and Russia offers the US an opportunity to sell more arms to the invaded country (Ukraine) as well as other countries nearby that fear a similar invasion from […]

How the War in Ukraine Could Empower Maduro

(Foreign Policy, 25.Feb.2022) — The highlights this week: how the war in Ukraine could prolong Venezuela’s political crisis, Colombia decriminalizes abortion, and a Mexican marathoner completes a cross-country journey. When Anti-Imperialism Meets Noninterference In the weeks before Russia began its large-scale invasion of Ukraine this Thursday, two Latin American presidents, Jair Bolsonaro of Brazil and Alberto Fernández of […]

NRGBriefs: YPF conf. call; Venezuela’s Maduro advocates for peace in Ukraine conflict

HOUSTON, TEXAS (Energy Analytics Institute, 24.Feb.2022) — Energy briefs including Argentina’s state oil entity YPF revealing details of 4Q:21 and YE:21 results conference call on 4 Mar. 2022; Ecopetrol S.A. releasing details related to amendments to its bylaws to be submitted for consideration at the general shareholders’ meeting slated for […]

Ecopetrol Publishes Measures Ahead of Shareholder Meeting on 30 March 2022

(Ecopetrol, 24.Feb.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 approved the implementation of the following measures aimed at […]

Ecuador’s Pro-Market President Delivers World’s Top Bond Returns

(Bloomberg, 23.Feb.2022) — At a time when bond investors are feeling the burn pretty much everywhere, a developing nation infamous as a serial defaulter has emerged as a surprising bright spot. Ecuador’s dollar bonds have returned 6.4% this year, compared with an average loss of 4.2% for emerging markets, according […]

Secret Deal: TT Govt Agrees Atlantic LNG Train 1 is Dead

(Trinidad Guardian, 23.Feb.2022) — The Keith Rowley administration has quietly walked away from any hope of salvaging Atlantic LNG Train 1 and has instead signed an agreement with Royal Dutch Shell, the National Gas Company and bpTT to unitise trains two, three and four into a single train. The government […]

Russia/Ukraine Conflict Could Hurt Trinidad and Tobago in Long Term

(Trinidad and Tobago Newsday, 23.Feb.2022) — War! What is it good for? Apparently it’s good for oil, gas and petrochemical prices. For the past few weeks concerns over Russia’s aggressive stance against Ukraine have contributed in part to the daily increase in oil, gas and ammonia prices. Foreign Affairs Minister […]

NRGBriefs: Trinidad’s Future Depends on Venezuelan Gas [PDF Downloads]

(Energy Analytics Institute, 23.Feb.2022) — Energy briefs including Argentina looking to import 65 LNG cargoes in 2022 compared to 56 in 2021; Trinidad and Tobago’s reemergence over the short-term as a dominant LNG exporter will depend heavily on its ability to tap into Venezuelan offshore gas; Nucor Corp. (NYSE: NUE) revealing […]

NRGBriefs: Nucor Corp. Declares Regular Quarterly Cash Dividend

(Energy Analytics Institute, 22.Feb.2022) — Energy briefs including the BODs of Nucor Corporation (NYSE: NUE) declaring the regular quarterly cash dividend of $0.50/shr on Nucor’s common stock; Select Energy Services reporting revenue of $255mn generated during the 4Q:21, up 25% sequentially from the 3Q:21; B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: […]

Vista Oil & Gas Reports 4Q:21 and YE:21 Results [PDF Downloads]

(Vista Oil & Gas, 22.Feb.2022) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST in the New York Stock Exchange; BMV: VISTA in the Mexican Stock Exchange), reported financial and operational results for full year 2021 and Q4 2021. Full year 2021 highlights: ▪ During 2021, the company completed […]

Ecopetrol Reveals Dates for 4Q:21 and YE:21 Earnings Report and Conference Calls

(Ecopetrol, 22.Feb.2022) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) announces that on Tuesday 1 March 2022, after market close, it will release its financial and operating results for the fourth quarter and full year 2021. On Wednesday 2 March 2022, Ecopetrol’s senior management will host two conference calls to review the results, one in […]

Trinidad PM Addresses GECF in Qatar, Talks of Lost LNG Export Revenues

(Office of the PM of Trinidad and Tobago, 22.Feb.2022) — Trinidad and Tobago’s Prime Minister Keith Rowley addressed the Sixth Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF). What follows is his speech. Salutations It is my pleasure and honour to participate in this […]

Arrow Exploration Eyes Drilling the RCE-2 Well in Colombia’s Tapir Block

(Arrow Exploration, 22.Feb.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) shared an operational update in connection with the drilling of the next well, the RCE-2 well, at the Rio Cravo Este Field (Tapir Block) in Colombia. The company continues to quickly advance towards drilling the RCE-2 well. — The […]

Trinidad Energy Minister Young Attends Meeting Ahead of GECF Summit

(MEEI, 21.Feb.2022) — The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young M.P, attended the Extraordinary Ministerial Meeting in advance of the Sixth GECF Heads of State Summit in Doha, Qatar today. The other members of the delegation […]

Neuquén Province January 2022 Production Rises YOY

(Energy Analytics Institute, 21.Feb.2022) — Crude oil and natural gas production from Argentina’s Neuquén Province grow in January 2022 owing to development of unconventional projects approved by the provincial government, according to Alejandro Rodrigo Monteiro, Neuquén’s Minister of Energy and Natural Resources. Neuquén’s oil production averaged 254,357 barrels per day […]

NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find

(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President Asdrúbal Chávez travelling […]

APA Corp. Reports Oil Find at Krabdagu Exploration Well Offshore Suriname

(APA Corp., 21.Feb.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), […]

TotalEnergies Reveals Another Significant Discovery in Suriname’s Block 58

(TotalEnergies, 21.Feb.2022) — TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 […]

NGC and Proman Agree on New Methanol Partnership

(NGC, 18.Feb.2022) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Proman entered a new partnership to lift methanol from the Methanol Holdings(Trinidad) Limited (MHTL) Complex in Point Lisas Industrial Estate for NGC’s methanol trading portfolio. The arrangement, which applies from 1 January 2022, provides NGC with […]

NRGBriefs: University of Guyana Students Invited to Oil Conference

(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]

How China Beat Out the US to Dominate South America

(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]

Atlas Renewable Secures Financing for the Casablanca II Solar Plant in Brazil

(Atlas Renewable, 17.Feb.2022) — Atlas Renewable Energy has secured a R$407mn (approximately $76mn) loan from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund for the construction of the Lar do Sol – Casablanca II solar plant, which will be located in Pirapora, State of Minas Gerais, Brazil. The self-production plant will […]

Guyana Talking to Middle East Firms about Offshore Oil Auction -VP

(Reuters, 17.Feb.2022) — Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry. Results of the talks with Middle East firms could lead Guyana to bar a consortium […]

Hydrogène de France Accelerates Renewstable® Plant in Barbados

(HDF Energy, 16.Feb.2022) — Hydrogène de France (HDF Energy) announces that Renewstable® Barbados (“RSB”), the largest hydrogen power project in the Caribbean, has taken a new major step in its development with Rubis acquiring a 51% stake in its capital. This transaction follows the strategic agreement signed between the two […]

T&TEC Provides Details of Scheduled Interruptions

(Energy Analytics Institute, 16.Feb.2022) — The Trinidad and Tobago Electricity Commission or T&TEC provided details of scheduled interruptions across the small twin-nation island. T&TEC advise on 16 February 2022 on its website of that the “supply of electricity will be interrupted” in the following areas: ____________________ By Carlene Williams. © […]

Venezuela and Russia Ink Deals to Boost Ties

(Energy Analytics Institute, 16.Feb.2022) — Venezuela and Russia signed an agreement of intent aimed at strengthening strategic alliances and comprehensive cooperation between the two countries under the context of a relationship based on mutual respect. The agreement was signed by Venezuela’s Petroleum Minister Tareck El Aisami and Russia’s Yuri Barisov, […]

NRGBriefs: Guyana VP Jagdeo Reveals NOC Aspirations by 3Q:22

(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including the International Energy Conference and Expo Guyana saying it will allow the first 80 University of Guyana students to enter its conference for free on 16 Feb. 2022; Guyana’s Vice President Bharrat Jagdeo talking about the potential launch of the country’s national […]

Latin America and the Caribbean

Uranium Energy Corp 2022 Letter to Shareholders

(Uranium Energy, 16.Feb.2022) — Uranium Energy Corp (NYSE: UEC) provided the following letter to its shareholders on the outlook for the company in 2022 from President and CEO, Amir Adnani. Dear Shareholder, 2022 begins with the highest uranium price in a decade and a positive global outlook for nuclear energy not seen […]

NRGBriefs: Frontera Sets Guyana Exploration CAPEX at $110-$130mn

(Energy Analytics Institute, 16.Feb.2022) — Energy briefs including Frontera Energy anticipating Guyana exploration CAPEX of $110-$130mn in 2022 and CGX Energy anticipating further investments of $5-$10mn for the Berbice Deepwater Port Project; Kootenay Silver saying JV operator Aztec Minerals Corp. reported a broad, high grade, gold intercept in the first RC drill hole […]

Frontera Announces CAPEX and Production Guidance for 2022

(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) announced its full year 2022 capital and production guidance, provided an update on its normal course issuer bid (“NCIB”) and provided notice of its year end 2021 financial results and conference call. All values in this news release and the Company’s financial […]

Frontera Reveals YE:21 Reserves

(Frontera, 16.Feb.2022) — Frontera Energy Corporation (TSX: FEC) 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 […]

Suriname Scraps Deal to Build Hydrogen Plant

(CMC, 15.Feb.2022) — The Suriname government has begun the process of ending a controversial deal for the construction here of a state-of-the-art hydrogen plant by the Danish company, Hybrid Power System Group (HPSG). The decision to scrap the project for which an agreement was signed last March comes amidst reports […]

KEI Responds to News AMLO’s Son Being Employed at the US Company

(KEI Partners, 15.Feb.2022) — Regarding misinformation currently being circulated by the Mexican press. About Our Office: The office at 4400 Post Oak Pkwy has existed since April 2014, through a lease agreement between the related company Vaquero Strategy and the landlord. KEI Partners, as well as our other affiliated companies mentioned […]

Petrobras and Gaspetro Finalize Gasmar Exit

(Petrobras, 15.Feb.2022) — Petrobras, following up on the release disclosed on 04/09/21, informs that it concluded today, together with its subsidiary Petrobras Gás S.A. (Gaspetro), the transaction to finalize the pending litigation with Termogás S.A. As a result of this transaction, Termogás acquired the shares of Companhia Maranhense de Gás […]

ExxonMobil CEO: Continued Progress Means Achieving Local Content Goals

(Guyana’s DPI, 15.Feb.2022) — Achieving the goals of local content will see continued progress for Guyanese and local companies, Chief Executive Officer (CEO) of oil giant ExxonMobil, Darren Woods has stated. He said Esso Exploration and Production Guyana Limited-the local ExxonMobil affiliate, has made progress in advancing local opportunities for […]

President Ali Tells Investors: Guyana Welcomes Investors but Guyanese Must Benefit

(Guyana’s DPI, 15.Feb.2022) — An olive branch has been extended to companies looking to invest in the oil and gas producing nation of Guyana. However, while they are welcomed to invest, companies are being reminded that Guyanese must be able to benefit from those investments. President Dr. Mohamed Irfaan Ali […]

Brazil to be Net Gas Importer for Next Decade

(Argus, 15.Feb.2022) — Brazil will be a natural gas net importer for the next ten years, says Petrobras executive Álvaro Tupiassú during the 2nd Brazil Gas Summit. Brazil’s new gas law is important because it stimulates an open and competitive market, with new contracts and agents, said Tupiassú. Petrobras is […]

Interoil Provides Argentina and Colombia Production Update

(Interoil, 15.Feb.2022) — Interoil provided production details from its operations in Argentina and Colombia. Below are details of average gross operated production in January 2022 and corresponding numbers for December 2021. Comments In January 2022, average daily production was 3,358 barrels of oil equivalents per day (boepd), compared to 3,104 […]

Colombia’s Economy Grows the Most in 115 Years

(Bloomberg, 15.Feb.2022) — Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product expanded 10.6% in […]

NRGBriefs: Vista Reporting a 42% Rise in P1 Reserves [PDF Downloads]

(Energy Analytics Institute, 14.Feb.2022) — Energy briefs including Argentina’s energy transition accompanying the country’s growth process; Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) reporting its estimated YE:21 certified proved (P1) oil and gas reserves rising 42% YOY; and Kosmos Energy seeking to link executive compensation to […]