(Wintershall Dea, 17.Jan.2022) — Wintershall Dea Argentina S.A. has reached an agreement with Vista on the sale of its 50% interest including operatorship in the unconventional Aguada Federal and Bandurria Norte blocks in the Argentine province of NeuquĂ©n. Vista had only recently acquired the 50% share of ConocoPhillips in the […]
Category: Latin America and the Caribbean
MPC Energy Solutions Breaks Ground on 2nd Solar Power Plant in Colombia
(MPC Energy Solutions, 17.Jan.2022) — MPC Energy Solutions (MPCES) commenced construction of Parque Solar Los Girasoles, a solar photovoltaic (PV) plant in Colombia that will supply around 23 GWh a year – equivalent to the energy consumption of over 17,000 people. MPC Energy Solutions is investing $11mn to bring Los Girasoles online, and the project is expected to generate […]
Orea Provides Update on Montagne d’Or Gold Deposit Mining Titles
(Orea Mining, 17.Jan.2022) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provides an update on the request for a final appeal filed by the French Government on the renewal of the 5-million-ounce Montagne d’Or Gold Deposit mining titles, located in French Guiana, France, owned 44.99% by Orea and 55.01% by Nord Gold plc. As […]
Petrobras on Sale of Braskem Stake
(Petrobras, 17.Jan.2022) — Petrobras, following up on the release disclosed on 16 December 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission (CVM), on 01/14/2022, the request for registration of a public offering for secondary distribution of […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guyana, Irfaan Ali, […]
![Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/nm-source-menpet-d.jpg)
Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]
(Energy Analytics Institute, 15.Jan.2022) — Venezuela’s President Nicolás Maduro, during his 15 January 2022 annual address to the nation, said the OPEC country’s oil production goal in 2022 was to reach 2 million barrels per day. Excerpts from his speech follow: Highlights — “In December 2021 we achieved an important […]
NRGBriefs: Fedeunep Calling for Dollarization of Salaries
(Energy Analytics Institute, 15.Jan.2022) — Energy briefs including Chile’s state oil and gas entity ENAP celebrating 66 yrs of operations at the Aconcagua Refinery; construction of Mexico’s Olmeca Refinery progressing according to SENER’s plans; and Fedeunep pushing for the dollarization of salaries in Venezuela. Chile — Since its foundation 66 […]
EP PetroEcuador Continues with Work on Pipeline Bypasses
(Energy Analytics Institute, 15.Jan.2022) — EP PetroEcuador continues with work on a seventh bypass for the Trans-Ecuadorian Oil Pipeline System (SOTE) aimed at protecting the infrastructure and avoiding further stoppages that affect the country’s economy. EP PetroEcuador General Manager ĂŤtalo Cedeño together with company Transportation Manager, Washington Gallegos, and a […]
Ecuador Ratifies Creation Of New Galapagos Marine Reserve
(Ministerio de Ambiente, Agua y TransiciĂłn EcolĂłgica del Ecuador, 14.Jan.2022) — The newly created marine reserve adds 60,000 square kilometers to the Galapagos Marine Reserve. The marine reserve is divided into two halves, the first 30,000 square kilometers set a strict prohibition to any fishing activities; the other 30,000 is […]
Maersk Awarded One-well Extension in Suriname for Maersk Valiant
(Maersk, 14.Jan.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in […]
Argentina Lithium Engages Zoppa Media Group
(Argentina Lithium & Energy Corp., 14.Jan.2022) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) retained Zoppa Media Group to act as an investor relations consultant to the company, to assist with corporate finance and investor relations programs. Zoppa has been engaged for a term of one year […]
NRGBriefs: Argentina Asks Users to Reduce Energy Demand
(Energy Analytics Institute, 14.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat DarĂo MartĂnez asking users to reduce their energy demand during peak hours; and Acipet denouncing the kidnapping of engineer Diego Fernando Lozano in Norte de Santander Bogotá. LATIN AMERICA AND THE CARIBBEAN Argentina — High temperatures and high energy […]
Colombia Presidential Favorite Gustavo Petro Wants to Form a Global Anti-Oil Bloc
(Bloomberg, 14.Jan.2022) — Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels. Oil and coal currently account for nearly half of Colombia’s exports, but Petro says if […]
Echo Energy Enters Chile with 70% Interest in Solar Project
(Alliance News, 14.Jan.2022) — Echo Energy PLC announced on Friday it had entered the Chilean solar energy market and reported a 71% increase in total liquid sales in its fourth quarter. Shares in Echo Energy were down 15% at 0.46 pence on Friday afternoon in London. The stock had risen […]
Petrobras Comments on 2021 Production, Cuts 2022 Target
(Petrobras, 14.Jan.2022) — Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the SĂ©pia field, in the Santos Basin pre-salt; • own production in the pre-salt, […]
SSR Mining to Divest Pitarrilla Project for Total Consideration of up to $127mn
(SSR Mining, 13.Jan.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) entered into a definitive agreement to sell its Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. (TSX: EDR;NYSE: EXK) for total consideration of up to $127mn. Total consideration consists of $35mn in cash, $35mn in Endeavour Silver shares (with the number of shares to be issued […]
Lithium South Acquires 2,400 Hectares at Hombre Muerto in Argentina
(Lithium South Development Corporation, 13.Jan.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) acquired key ground situated near the Hombre Muerto North Lithium Project located in Salta Province, Argentina, on one of the world’s premium salars. The Sophia I, II and III non-contiguous claim blocks are located approximately 5 kilometers […]
Venezuela Gasoline Pipeline Damaged in Explosion; PDVSA Blames “Sabotage”
(Reuters, 12.Jan.2022) — Venezuela’s state-owned oil company PDVSA on Wednesday blamed an explosion along a major gasoline pipeline on “criminal sabotage”, adding that the line would be repaired swiftly. Authorities in Venezuela’s eastern Anzoategui state reported the blast late on Tuesday. It was presumably caused by “attempts to perforate the […]
Sorcia Minerals Expands Technology Usage Into New Argentina Salar
(International Battery Metals, 11.Jan.2022) — International Battery Metals Ltd. (CSE: IBAT) (OTC: RHHNF) (FSE: 8RE) announced that Ensorcia Metals Corporation affiliate Sorcia Minerals LLC formed a joint venture with Terra Novo Energy, Triangle Lithium LLC, for the purpose of acquiring and developing specific assets related to the exploration and development […]
CARICOM Secretariat Takes Over Georgetown Solar Plant
(Energy Analytics Institute, 11.Jan.2022) — The CARICOM Secretariat located in Georgetown, Guyana signed a handover agreement to take charge of a solar photovoltaic power generation plant. The secretariat is set to obtain energy from the 400kw project, built with 1,500 solar panels and servers and batteries, the secretariat said 11 […]
Saipem Inks Two New Offshore Deals in Australia and Guyana
(Saipem 11.Jan.2022) — Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD. Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to […]
NRGBriefs: Argentine Power Outage
(Energy Analytics Institute, 11.Jan.2022) — Energy briefs including Argentina’s Energy Secretariat DarĂo MartĂnez inspecting facilities in Buenos Aires in an attempt to restore electric power service to parts of the city amid a roaring heat wave; and Ecuador receiving its first import of liquefied natural gas from Sycar LLC. LATIN […]
Q&A: Brazil to Offer Incentives for Shale Exploration
(Argus, 11.Jan.2022) — Brazil wants to start exploration and production of non-conventional gas resources, such as shale and tight gas, rekindling the public debate that prevented the country from such operations in the mid-2010s. Argus talked to Rafael Bastos da Silva, oil and gas secretary at the ministry of mines […]
Saipem wins $1.1bn contracts in Australia and Guyana
(Reuters, 11.Jan.2022) — Italian energy services group Saipem said on Tuesday it had won two offshore contracts in Australia and Guyana for a total amount of $1.1 billion. One of the contracts relates to the Scarborough gas field in the Carnarvon Basin, offshore Western Australia, for the export trunkline coating […]
State Win for Venezuela’s Opposition Masks Deeper Problems
(Al Jazeera, 11.Jan.2022) — Despite a symbolic victory in Hugo Chavez’s home state, analysts say the opposition has few options left. Venezuela’s opposition has won an important symbolic battle in securing the governorship in Barinas State, but analysts say they are still losing the broader political war with government forces. On […]
World Bank: Global Growth to Slow Through 2023
(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic […]
AES Increases its Ownership of AES Andes to 98.13%
(AES, 10.Jan.2022) — The AES Corporation (NYSE: AES) announced the positive results of the tender offer by AES’ wholly-owned Chilean subsidiary, Inversiones Cachagua SpA, for the shares of AES Andes S.A. held by minority shareholders. Upon completion, which is expected on or about January 12, 2022, AES will increase its interest in […]
Sorcia Minerals adds Resources Through JV
(Sorcia Minerals, 10.Jan.2022) — Sorcia Minerals formed a joint venture with Terra Novo Energy, Triangle Lithium LLC, for the purpose of acquiring and developing specific assets related to the exploration and development of lithium. Triangle through its affiliation with Sorcia, will develop lithium resources utilizing International Battery Metals’ proprietary direct lithium extraction […]
Ceiba Energy Wins PPA for 1.6GW Portocem Project in Brazil
(Ceiba Energy, 10.Jan.2022) — Houston-based power company Ceiba Energy, backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm, announced the successful bid of its Portocem project for a 15-year PPA to build, own and operate a new 1.6 GW power plant in Brazil. Ceiba Energy’s […]
NRGBriefs: Chile Eyes Reducing CO2 Emissions by 35% by 2030
(Energy Analytics Institute, 10.Jan.2022) — Energy briefs including Chile enacting the country’s first Energy Efficiency Law in its history; bp naming AndrĂ©s Guevara De la Vega as its new president over bp in Spain; and more. EUROPE Spain — AndrĂ©s Guevara De la Vega has been name as the new […]
YPF Expects New Offshore Project to Produce up to 200,000 b/d
(S&P Global Platts, 10.Jan.2022) — Argentina’s state-backed energy company YPF expects its first offshore project in years to produce up to 200,000 b/d, helping to increase exports, chairman Pablo Gonzalez said. “Argentina has enormous potential in its offshore basin,” he said in comments shared by a company source Jan. 10. […]
NRGBriefs: Barinas Governor Election in Venezuela
(Energy Analytics Institute, 9.Jan.2022) — Energy briefs including results from the 9 Jan. 2022 governor election in Venezuela’s Barinas state; and the Deer Park refinery sale to Pemex surviving a court challenge in a federal court in Houston. LATIN AMERICA AND THE CARIBBEAN Mexico — The Deer Park refinery sale […]
Argentina’s Energy Secretariat Martinez Comments on Offshore Exploration
(Energy Analytics Institute, 9.Jan.2022) — Argentina’s government approved in late December 2021 an environmental license for state owned YPF together with Equinor and Shell to move forward with seismic activities offshore in the CAN 100 block. Argentina’s Energy Secretariat DarĂo MartĂnez commented on the news amid protests across Argentina against […]
![UNICEF Brazil Flash Situation on Bahia Floods [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/WireAP_45e165f788cf48d8a3c1b5bfcc91a57b_16x9_992.jpg)
UNICEF Brazil Flash Situation on Bahia Floods [PDF Download]
(UNICEF, 8.Jan.2022) — The southern part of Bahia state and north of Minas Gerais state have been affected by a dam collapse, heavy rains and floods with 17 municipalities. UNICEF flash note key points follow. Highlights • 163 municipalities reported emergency state due to a dam collapse followed by flooding […]
NRGBriefs: Argentina Assumes Presidency of Celac
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Argentina’s President Alberto Fernández assuming the presidency of Celac; and Ecuador continuing to recuperate its oil production after resuming ops at it SOTE and OCP pipelines. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentina’s President Alberto Fernández assumed the presidency of Celac […]
Guyana Gov’t Searches for Firm to Review Fourth Oil Development
(DPI, 7.Jan.2022) — The Government of Guyana (GoG), through the Ministry of Natural Resources (MNR) is requesting proposals from consultants and firms to review and evaluate the Field Development Plan (FDP) of Yellowtail – Guyana’s fourth oil development. In the Requests for Proposals (RFP) issued on Thursday, the Natural Resources […]
NRGBriefs: Suriname’s Oil Sector Awaits Time to Shine
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Suriname awaiting its turn to be bathed in the glare of its own oil wealth; and Genuine Parts Company (NYSE: GPC) pricing an aggregate $1bn of senior notes. LATIN AMERICA AND THE CARIBBEAN Suriname — W/ Guyana currently bathed in the spotlight created by the […]
NRGBriefs: Bolivia’s Urea Exports to Argentina, Brazil, and Peru
(Energy Analytics Institute, 6.Jan.2022) — Energy briefs including Bolivia’s urea production gaining mkt shr in Argentina, Brazil and Peru in less than 4 mths; Chile building more than 6,600MW of renewable, solar and wind energy in 2021; EP PetroEcuador lifting force majeure after completing work on bypasses at the Trans-Ecuadorian […]
Lithium South Outlines 2022 Corporate Plan
(Lithium South, 6.Jan.2022) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) provides its shareholders a comprehensive Corporate Plan for 2022. Lithium South is focused on the further development of the Hombre Muerto North Lithium Project located in Salta Province, Argentina, on one of the world’s premium salars. Work to […]
ExxonMobil SVP Cousins Comments on Recent Finds Offshore Guyana
(Energy Analytics Institute, 6.Jan.2022) — ExxonMobil Senior Vice President Michael G. Cousins commented on the company’s two most successful wells offshore Guyana in the Stabroek Block. “With the latest discovery news out of Guyana, ExxonMobil has announced that two recently drilled wells in the Stabroek Block hit pay zones bearing a […]
Ecuador Continues to Recover Production, Transport, Refining Operations
(Energy Analytics Institute, 6.Jan.2022) — Ecuador’s oil production has returned to 93% of levels seen before preventive stoppages were executed at the country’s oil and product pipelines in early-December 2021 due to advancing soil erosion of the Piedra Fina river in Napo Province. “The decision to lift the force majeure […]
Heatwave to Hit Argentina, Further Stressing Corn, Soybean Crops
(Reuters, 6.Jan.2022) — Most of Argentina’s agricultural region will be hit in the coming days by a heatwave accompanied by little or no rainfall, adding pressure to adverse conditions that its corn and soybean crops have suffered for weeks, the Buenos Aires Grains Exchange said on Thursday. Argentina is the […]
Petrobras Still Seeking to Divest up to 100% in Braskem
(Petrobras, 6.Jan.2022) — Petrobras, regarding the news published in the media, clarifies that, as disclosed on 16 December 2021, it maintains its position of seeking the sale of up to 100% of the preferred shares it holds in Braskem S.A., to be conducted through secondary public offering(s) of shares (follow-on), […]
Petrobras, Novonor Pick Banks for $1.5bn Braskem Share Sale
(Bloomberg, 5.Jan.2022) — The controlling shareholders of Braskem SA, one of the world’s top petrochemical makers, have picked banks to unload a roughly $1.5 billion stake in the firm, people familiar with the matter said. Novonor — previously known as Odebrecht — and oil giant Petrobras are working with JPMorgan […]
NGC and Shell Ink a HOA to Move Forward the Manatee Gas Project
(NGC, 5.Jan.2022) — NGC signed a Heads of Agreement (HOA) with Shell to start the pre-Front End Engineering Design (pre- FEED) phase for the processing of Manatee gas via NGC’s Beachfield Facility. The HOA sets the frame for technical and commercial work to enable further progress through this phase of […]
Hess Reports Two Finds Offshore Guyana
(Hess, 5.Jan.2022) — Hess Corporation (NYSE: HES) announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 10 billion barrels of oil equivalent. The Fangtooth-1 well encountered approximately 164 feet […]
Thousands Protest Argentina Oil Exploration Project
(AFP, 5.Jan.2022) — Thousands marched Tuesday along the beaches of Argentina’s Mar del Plata to protest an oil exploration project off the Atlantic coast. Carrying placards reading, “Oil is death”, “A sea without oil tankers” and “No to pollution”, demonstrators marched to drums, while classical dancers performed. The group oppose […]
Staatsolie Revenue on the Rise
(CMC, 5.Jan.2022) — Staatsolie of Suriname estimates that its gross revenues for last year is in the vicinity of US$400 million, nearly half of which will be paid to the government in taxes, dividends and royalties. That’s up from 2020 when the state-owned company said it paid US$132 million in […]
ExxonMobil Finds More Oil at Two Wells in Guyana’s Stabroek Block
(Exxon, 5.Jan.2022) — ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles […]
NRGBriefs: Presidential Elections in Brazil and Colombia
(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]