(The New York Times, 22.Jan.2023) — President Pedro Castillo borrowed from history when he attempted a coup in Peru. Thirty years ago, another president asserted authoritarian control. But this time, there was a critical difference: As president, Castillo had no support for his coup. The military and the judiciary quickly rejected his […]
Category: Peru
Peru energy
Peru Anti-government Protesters Clash with Police in Puno
(Al Jazeera, 7.Jan.2023) — Dozens of anti-government protesters have clashed with police in southern Peru amid renewed unrest in the wake of the removal and detention of former President Pedro Castillo. The protesters attempted to take over the airport and police used tear gas to disperse them, the Reuters news agency reported. […]
Peru’s President Ousted by Congress in Political Crisis
(AP, 7.Dec.2022) — The president of Peru was ousted by Congress and arrested on a charge of rebellion Wednesday after he sought to dissolve the legislative body and take unilateral control of the government, triggering a grave constitutional crisis. Vice President Dina Boluarte replaced Pedro Castillo and became the first […]
Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants
(SimĂłn BolĂvar Foundation Inc., 17.Nov.2022) — SimĂłn BolĂvar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding to seven qualified charitable organizations as part of its Colombia-Ecuador-Peru Humanitarian Health Grants program. The call for grant applications for this charitable program, recognizing the vulnerable […]
NRGBriefs: Trinidad and Peru and Reduced LNG Exports
(Energy Analytics Institute, 13.Jul.2022) — Energy briefs including Latin American gas producers Trinidad and Tobago and Peru reporting reduced LNG exports to the tune of 3.9 million tons per annum and 1.2 million tons per annum, respectively; and ConocoPhillips (NYSE: COP) posting details related to its second quarter 2022 conference […]
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 […]
Pan American Silver Reveals Sustainability Report for 2021
(Pan American Silver Corp., 5.May.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released its 2021 Sustainability Report, describing Pan American’s efforts and performance in the areas of environment, social and governance. A Spanish version of the report will be released soon. Highlights of Pan American’s 2021 sustainability performance include: Environment Reduced greenhouse […]
Hunt Oil on Solicitation for its 6.375% Senior Notes
(Hunt Oil, 2.May.2022) — Hunt Oil Company of Peru L.L.C., Sucursal del PerĂş (HOCP) received the consents necessary to effect the Amendments to the indenture governing its 6.375% Trust Enhanced Senior Notes due 2028 (CUSIP Nos.: Rule 144A: 445640 AB1, Regulation S: P5300P AB9), (ISINs: Rule 144A: US445640AB18, Regulation S: […]
NRGBriefs: Macron Wins Reelection; Peruvians to Defend Elections
(Energy Analytics Institute, 24.Apr.2022) — Energy and political briefs including Emmanuel Macron winning France’s second round presidential run off against Marine Le Pen; and ~68% of Peruvian citizens defending the need to anticipate presidential and legislative elections as a way out of the country’s political crisis. EUROPE France — Emmanuel […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]
Hunt Oil Co. of Peru Announces Consent Solicitation for Its 6.375% Notes
(Hunt Oil, 18.Apr.2022) — Hunt Oil Company of Peru L.L.C., Sucursal del PerĂş (HOCP) commenced a consent solicitation with respect to its 6.375% Trust Enhanced Senior Notes due 2028 (CUSIP Nos.: Rule 144A: 445640 AB1, Regulation S: P5300P AB9), (ISINs: Rule 144A: US445640AB18, Regulation S: USP5300PAB96). The Notes were originally […]
![NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/BRA_petrobras-climate-change-supplement.png)
NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]
(Energy Analytics Institute, 7.Apr.2022) — Energy briefs including Petrobras releasing its Climate Change Supplement as part of its dialogue with its stakeholders; Petrobras reaffirming “its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026;” Occidental releases conference […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartĂn Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
![NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/Mantaro_Silver_Corp__Mantaro_Silver_Corp_1-1.jpg)
NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]
(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]
PetroPerĂş Selects Honeywell Forge Solution to Support Employee Training
(Honeywell, 31.Mar.2022) — Honeywell (Nasdaq: HON) announced that PetrĂłleos del PerĂş S.A. (PetroperĂş), the largest hydrocarbon producer, refiner and distributor in Peru, has implemented Honeywell Forge Workforce Competency solutions to train its industrial workforce for safer and more efficient operations. PetroperĂş is investing in digital transformation as a key part of the refinery modernization […]
Petroperu Board Reshuffle to Strengthen Operational Capacity
(Andina, 30.Mar.2022) — The President of the Republic Pedro Castillo on Thursday affirmed that the reshuffle of Petroperu‘s board of directors will enable the State-run company to strengthen its operational capacity for the benefit of the population. “I welcome the fact that the General Meeting of Petroperu Shareholders supports this company as […]
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 […]
NRGBriefs: Cameron LNG Names New President
(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner AsdrĂşbal Oliveros, Datanalisis President Luis Vicente LeĂłn and international […]
Peru Facing Fuel Shortage after Suspending Repsol Operations, says PM
(Reuters, 3.Feb.2022) — New Peruvian Prime Minister Hector Valer said on Thursday the country was facing a fuel shortage due to a government decree that forbids Repsol SA (REP.MC) from unloading any new oil into a local refinery in the wake of a large oil spill last month. “We are starting the […]
Turmoil as Peru Leader Sets 2nd Cabinet Overhaul This Week
(AP, 2.Feb.2022) — Turmoil in Peru’s government boiled even more Friday as President Pedro Castillo announced plans for a fourth Cabinet shakeup in six months, moving just three days after the third overhaul of his ministers that was quickly followed by revelations that his newest prime minister once faced domestic […]
Peru Bans Repsol from Unloading Oil until Further Notice after Spill
(Reuters, 31.Jan.2022) — Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol‘s (REP.MC) offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage. Ramirez said the suspension of operations would last until the company “can offer technical guarantees that another […]
![NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/GUY_budget-2022-speech-header.jpg)
NRGBriefs: Guyana Budget Speech; Peru Oil Leak [PDF Download]
(Energy Analytics Institute, 26.Jan.2022) — Energy briefs including Chile’s Enap planning to invest $111.2mn in its Aconcagua Refinery; Guyana’s budget speech for the fiscal year 2022 by Dr. Ashni K. Singh; an oil leak offshore Peru; and the use of carbon capture and storage (CCS) to reduce carbon emissions. LATIN […]
Peru Considers Imposing Sanctions on Repsol Over Massive Oil Spill
(Reuters, 26.Jan.2022) — Peru’s Prime Minister Mirtha Vásquez said on Monday the government was looking at sanctioning a major local refinery owned by Spanish energy firm Repsol after an oil spill last week, and did not rule out suspending operations at the facility. Vásquez said some political parties were calling […]
Forte Minerals Closes IPO; Commences Trading on the CSE
(Forte Minerals, 24.Jan.2022) — Forte Minerals Corp. (CSE:CUAU) completed its initial public offering of 9,583,332 units at a price of $0.30 per unit, which included the exercise in full of an over-allotment option. The offering generated aggregate gross proceeds of $2,874,999.60 pursuant to a final prospectus dated 12 November 2021. A Unit consisted of one […]
NRGBriefs: Venezuelan Oil Production Touches 1 MMb/d
(Energy Analytics Institute, 24.Dec.2021) — Energy briefs including Venezuela supposedly reaching the 1 MMb/d oil production mark; and SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) commencing commissioning and ramping up activities at Çöpler’s sulfide plant flotation circuit in Peru. LATIN AMERICA AND THE CARIBBEAN Peru — SSR Mining Inc. […]
Petroperu to Restart 200,000 b/d Oil Pipeline: Official
(Argus, 16.Dec.2021) — State oil company Petroperu has reached an agreement with protesters to end a two-and-a-half month takeover of its 200,000 b/d North Peruvian oil pipeline (ONP), a senior government official and the firm’s main crude supplier said Dec. 16. Villagers demanding greater social spending in the northern Amazon […]
Solaris Announces Proposed Spin-Out Of Non-Core Assets
(Solaris, 6.Dec.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. pursuant to an internal re-organization. Following the Re-Organization, it is expected that 100% of the common shares of Solaris Exploration […]
ING Will Not Finance Oil In Peru
(Reuters, 4.Nov.2021) — Dutch lender ING will not finance the trading of oil and gas in Peru amid concern about the impact of the industry on indigenous people in the Sacred Headwaters region of the Amazon, a policy document seen by Reuters showed. The move marks an expansion of its […]
NRGBriefs: Argentina’s Vaca Muerta-San Jerónimo Pipeline
(Energy Analytics Institute, 1.Nov.2021) — Energy briefs including YPF’s President Pablo González saying the national government would be revealing details “within a few days” regarding a new gas pipeline project that would transport production from the Vaca Muerta formation to San JerĂłnimo and potentially on to Brazil; details of around […]
NRGBriefs: Liza Unity FPSO Reaches Guyana
(Energy Analytics Institute, 27.Oct.2021) — Energy briefs including the Liza Unity FPSO reaching Guyana’s prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users across Colombia; and more. LATIN AMERICA AND THE CARIBBEAN Brazil –Brazil’s ANP published the complete version of the Brazilian Statistical Yearbook of Petroleum, Natural Gas […]
Peru’s Castillo Urges Congress To Draft Bill To Nationalize Gas Sector
(Reuters, 25.Oct.2021) — Peru’s socialist president, Pedro Castillo, urged Congress on Monday to draft a bill for the “nationalization” of Peru’s natural gas sector, undoing previous statements in which he said he would not seek to nationalize parts of the economy. In remarks broadcast on government-owned TV Peru, Castillo said […]
NRGBriefs: Golden Arrow Drilling In Paraguay
(Energy Analytics Institute, 1.Oct.2021) — Energy briefs including Mantaro Silver Corp. changing its name to Mantaro Precious Metals Corp.; Golden Arrow Resources Corp. commencing a diamond drilling program in Paraguay; and more. LATIN AMERICA AND THE CARIBBEAN Bolivia — Mantaro Silver Corp.‘s (TSXV: MSLV) (FSE: 9TZ) BOD approved a change […]
Hunt Oil Peru On Rating Watch Negative
(Fitch, 29.Sep.2021) — Fitch Ratings has placed the ratings for Hunt Oil Company of Peru L.L.C., Sucursal del Peru’s (HOCP) on Rating Watch Negative (RWN), including the ‘BBB’ Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) and the ‘BBB’ USD600 million senior unsecured notes due 2028. The RWN reflects […]
Peru PM Warns Gas Sector
(Reuters, 26.Sep.2021) — Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector from the new leftist government. Bellido told Reuters in August that the government […]
Peru’s Pushes Cabinet Confirmation Vote To Friday
(Reuters, 26.Aug.2021) — Peru’s Congress on Thursday pushed back to Friday a key vote to confirm or reject a new leftist Cabinet nominated by President Pedro Castillo, extending the uncertainty in a country where conflicts between the executive and legislature loom large. Castillo, who took office just last month, is […]
Gold Fields’ 1H:21 Trading Statement
(Gold Fields, 30.Jul.2021) — Gold Fields Limited (JSE: GFI) (NYSE: GFI) advises that basic earnings per share for the six months ended 30 June 2021 (H1 2021) are expected to be between US¢42-46 per share, an increase of 133-156% (US¢24-28 per share) from the basic earnings of US¢18 per share reported […]
Solaris Files La Verde Technical Report
(Solaris, 23.Jul.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces the filing of a technical report for La Verde further to its news release of 12 May 2021. As La Verde has been on care and maintenance since 2016, the company filed an early exploration stage technical report for […]
Korea National Oil Paying Fines In Peru
(Business Korea, 16.Jul.2021) — Korea National Oil Corp. (KNOC), POSCO International and SK Innovation paid a fine of billions of won to the Peruvian government in withdrawing from Block 8 for a decline in profitability. The fine is for environmental restoration and the South Korean companies may have to pay more. […]
Solaris Reveals Results Of Annual General Meeting
(Solaris, 29.Jun.2021) — Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) announces that all matters presented for approval at Solaris’ annual meeting of shareholders held today, as more particularly set out in the company’s Management Information Circular dated 13 May 2021, have been approved. These matters included: — Setting the number […]
Gasnorp Starts Early Ops In Peru’s Piura Region
(Open International, 21.Jun.2021) — Gasnorp, a subsidiary of Promigas, undertook the challenge of deploying its distribution operations in the provinces of Piura, Talara, Sullana, Paita and Sechura, which will benefit nearly 260,000 inhabitants with an efficient, safe, and environmentally friendly service. This deployment will be supported by Open Smartflex, Open […]
Peru’s Copper Industry At Risk As New Administration Takes The Wheel
(Mining.com, 14.Jun.2021) — Peru, the world’s second-largest copper-producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted. According to the latest update, at 06:21 am ET, Castillo had about 50.2% of the vote, […]
LatAm Briefs: Castillo Leads In Peru’s Latest Election Count, Ecopetrol Net Zero
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Peruvian elections results now showing Free Peru (Politico Nacional Peru Libre) leftist candidate Pedro Castillo leading contender Keiko Fujimori, and Colombia’s state oil company Ecopetrol reiterating its net zero goals for 2050 Peru Elections Results […]
![LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results](https://energy-analytics-institute.org/wp-content/uploads/2021/06/000_9BC4DK.jpg)
LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results
(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Westmount Energy Ltd. updating on its activities in Guyana-Suriname and Peru elections results showing Keiko Fujimori leading over Pedro Castillo. Westmount Updates On Activities In Guyana-Suriname [PDF Download] Westmount Energy provided details related to its […]
LNG-short Peru Rationing Gas Distribution
(Argus, 24.May.2021) — One of Peru’s top natural gas distributors is rationing supply and exploring options after the early May outage of the Peru LNG liquefaction complex on which it relies. Gases del Pacifico-Quavii, a subsidiary of Colombia’s Promigas, lost supply around 7 May when a compressor broke down at […]
Peru Presidential Hopeful Eyes Gas, Mine Takeovers
(Argus, 22.Apr.2021) — Peru could nationalize natural gas and mining assets if little-known presidential candidate Pedro Castillo wins a 6 June run-off ballot. Castillo, a far-left rural school teacher who favors greater state control over natural resources and strategic industries, enjoys a healthy lead over Keiko Fujimori, his populist rival […]
LatAm Briefs: Venezuela’s 7+7 Quarantine, Elections In Peru
(Energy Analytics Institute, 5.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s President Nicolas Maduro announces the start of another 7+7 quarantine rotation and Peru eyes presidential elections on 11 April 2021. Venezuela Starts Another 7+7 Quarantine Rotation Oil producer Venezuela will start another so-called radical […]
PetroPerĂş Guarantees Gas Supply
(PetroPerĂş, 23.Mar.2021) — Maintenance of the Pampa Melchorita plant will not affect natural gas users in the cities of Arequipa, Moquegua, Ilo and Tacna. Thinking about the well-being of its clients in the south of the country, PetroPerĂş has been taking action in order to guarantee the supply of natural […]
Gas Center Stage In Peru’s Presidential Race
(Argus, 22.Mar.2021) — Natural gas is a central theme among Peru’s top presidential candidates looking to distinguish themselves ahead of 11 April general elections. None of 18 candidates — spanning the full political spectrum — has garnered more than 20pc in the polls, and none is likely to break past […]
Peru Oil And Gas Industry Eyes Rebound
(Argus, 5.Jan.2021) — Peru’s oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability. With oil and gas fields, and the 200,000 b/d North Peruvian oil pipeline, shut down repeatedly by social conflicts and a […]