EAI’s NRGBriefs: February 2024
(Energy Analytics Institute, 29.Feb.2024) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and CNOOC considering their pre-emption rights to Hess...
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APA Reveals 4Q:23 Results, Updates on Suriname FID [PDF Downloads]
(APA Corporation, 21.Feb.2024) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the fourth-quarter and full-year 2023. During the fourth-quarter 2023, APA reported net income attributable to...
Volvo Delivers First Electric Trucks in LatAm
(Volvo, 20.Dec.2023) — Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo's first sales of zero-exhaust emission trucks to Latin America....
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NatGas in Transition to Low-Carbon Economies [PDF Download]
(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving...
Open Uruguay Round: Second Instance 2022
(ANCAP, 26.Dec.2022) — As a result of the Open Uruguay Round process approved by Decree 111/019, three bids for the exploration and production of hydrocarbons for two offshore areas of...
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Open Uruguay Round [PDF Download]
(Energy Analytics Institute, 22.Dec.2022) — South America’s Uruguay, a reliable country where above ground risks are minimized, is offering excellent opportunities for companies to acquire an asset with extremely low...
New Companies Apply to Qualify for Open Uruguay Round
(ANCAP, 3.Nov.2022) — In the 2nd Instance of 2022, ANCAP received the documentation from CNOOC, OXY, Qatar Energy, TotalEnergies and YPF to qualify in the Open Uruguay Round. All these...
NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay
(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host...
FACT SHEET: Aker Clean Hydrogen’s Portfolio of Industrial Clean Hydrogen Projects
(Aker Clean Hydrogen, 26.Apr.2022) — Aker Clean Hydrogen has a portfolio of industrial clean hydrogen projects and prospects has a total capacity of 1.8 GW under development, and an additional...
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth...
Leaders from Africa and LatAm’s Major Gas Producing Economies To Gather
(EnergyNet Ltd., 2.Mar.2022) — As gas again is discussed as a critical fuel for the energy transition, the most senior officials from Africa and Latin America's natural gas economies are set to visit Washington DC on...
![Uruguay is at the Forefront in the Use of Renewable Energies [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/montevideo_grande-768x438.jpg)
Uruguay is at the Forefront in the Use of Renewable Energies [PDF Download]
(Uruguay XXI, 4.Feb.2022) — With an investment of more than eight billion pesos in the last decade, Uruguay is currently the second country in the world with the highest share...
LatAm Briefs: Argentina And IMF, ANCAP 2020 Loss
(Energy Analytics Institute, 23.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: the IMF contemplating lending $4.4bn to Argentina and Uruguay’s ANCAP reporting a $12mn loss in...
LatAm Briefs: YPF Chubut CAPEX, Fracking In Colombia
(Energy Analytics Institute, 17.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Uruguay including: YPF’s investment plans in Chubut, Argentina’s economic minister’s plans to visit...
Petrobras Finalizes Sale Of Uruguayan Assets
(Petrobras, 5.Feb.2021) — Petrobras, following up on the release disclosed on 2 October 2020, informs that its indirect subsidiary Petrobras Uruguay Sociedad Anónima de Inversión (PUSAI), concluded today the sale...
Petrobras Inks Deal To Divest Uruguay Assets
(Petrobras, 2.Oct.2020) — Petrobras, following up on the release disclosed on 4 February 2020, informs that its indirect controlled company, Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), signed with DISA...
ANCAP Selects KBR For SDA Upgrade Project
(KBR, 29.Jun.2020) — KBR's solvent deasphalting (SDA) technology, ROSE®, has been selected by Uruguay's sole refinery, ANCAP, for a strategic upgrade project. Under the terms of the contract, KBR will...
UPM Finalizes Items With New Uruguayan Government
(UPM, 15.May.2020) — UPM is proceeding at full speed with its investment project in Uruguay and has taken several steps forward. UPM and the new Government of Uruguay have signed...
Petrobras Starts Binding Phase For Uruguay Assets
(Petrobras, 4.Feb.2020) — Petrobras, following up on the press release disclosed on 17 February 2020, informs the beginning of the binding phase related to the sale of 100% of the...
Latin America Oil & Gas Summit: Uruguay
(IN-VR, 29.Nov.2019 ) — IN-VR invites international oil & gas companies to the Latin America Oil & Gas Summit in 5-6 December 2019, at Uruguay, Punta Del Este Resort &...
Petrobras Discloses Teaser For Uruguayan Assets
(Petrobras, 12.Nov.2019) — Petrobras started the opportunity disclosure stage (teaser) relating to the sale of its fuel, lubricant and fertilizer distribution business in Uruguay. In this project, the company aims...
UTE Announces $500mn Investment In San José
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2019) — The company UTE announced it will invest $500 million in the Punta del Tigre B 540-megawatt combined cycle plant located in the department...
Uruguay’s UTE Sets Energy Export Record
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2019) — Uruguay generated a total of 60.7 gigawatt hours (GWh) of energy on 30 Oct., of which more than half (32.7 GWh, 54% of...
Uruguay’s UTE Sets 2019-2023 Budget At $1.2bn
(Energy Analytics Institute, Aaron Simonsky, 2.Nov.2019) — Uruguay’s UTE plans to spend approximately $1,248 million during the five-year budget period 2019-2023, of which a quarter of the amount, or $312...
Uruguay Tries With Five-block Open Auction
(S&P Global Platts, 28.Aug.2019) — Uruguay is optimistic that a recently launched open round for offshore acreage will tempt companies to bid, buoyed by a first round in neighboring Argentina...
Argentina NatGas Exports Reach 5.9 MMcm/d In 1H:19
(Energy Analytics Institute, Aaron Simonsky, 22.Aug.2019) — Argentina shipped an average 5.9 million cubic meters per day (MMcm/d) of natural gas to Chile, Brazil and Uruguay during the first half...
Argentina Inks NatGas Export Deal With Chile
(Energy Analytics Institute, Aaron Simonsky, 21.Aug.2019) — Argentina and Chile signed an agreement for the export of natural gas from the former to the latter. The deal -- under the...
Fallout From Sweet Oil Deal For Venezuela’s Neighbors
(NPR, 20.Jul.2019) — It sounded like such a good idea at the time. The year was 2005. Global oil prices were climbing dramatically. Countries in the Caribbean were facing major...
“We Don’t Know Anything Yet” About The Power Outage, Lopetegui Says
(Energy Analytics Institute, Aaron Simonsky, 17.Jun.2019) — Regarding a power outage that affected Argentina and Uruguay on 16 June, Argentina’s Energy Secretariat Gustavo Lopetegui said: “We don’t know anything yet.”...
Power Returns After Blackout In Argentina And Uruguay
(Reuters, 16.Jun.2019) — Power returned to much of Argentina and two neighbouring countries following a massive blackout that left tens of millions in the dark on Sunday, but Argentine President...
Argentina And Uruguay Scramble To Restore Power
(Reuters, Adam Jourdan and Eliana Raszewski, 16.Jun.2019) — Argentina and Uruguay were scrambling to restore power to millions of people after a massive power failure hit the Argentine grid early...
Argentina And Uruguay To Advance Salto Grande Project
(Energy Analytics Institute, Aaron Simonsky, 14.Jun.2019) — The first phase of the joint development plan between Argentina and Uruguay to renovate the Salto Grande Bi-national Hydroelectric Complex will move forward...
Ancap Says Maintaining Naphtha Prices “Difficult”
(Energy Analytics Institute, Aaron Simonsky, 9.May.2019) — The rising price of crude oil and the dollar are making it difficult for Ancap to maintain naphtha prices, online media El Pais...
Argentina And Uruguay To Invest $1,000 Million To Modernize Salto Grande Dam
(Energy Analytics Institute, Aaron Simonsky, 8.May.2019) — The governments of Argentina and Uruguay announced plans to invest $1,000 million in the modernization of the Salto Grande Dam situated over the...
ANCAP, MIEM Approve Regime For Open Uruguay Round
(ANCAP, 3.May.2019) — The Uruguayan National Oil Company (ANCAP) and the Ministry of Industry, Energy and Mining (MIEM), have formally approved the new Regime for the Selection of Oil Operating...
Petrobras Uruguay Says Not Willing To Accumulate Damages, Losses
(Energy Analytics Institute, Aaron Simonsky, 29.Apr.2019) — Petrobras Uruguay commented on announcements made from Petrobras' headquarters in Rio de Janeiro, Brazil. "Petrobras Uruguay will continue to develop its business and...
Petrobras BODs Gives Thumbs Up To Potential Refinery Sales
(Petrobras, 26.Apr.2019) — Petrobras announced that the Board of Directors, in a meeting held today, approved new guidelines for the management of its asset portfolio. The guidelines are in line...
New Reference Price For Jet A-1 Fuel In Uruguay
(Energy Analytics Institute, Aaron Simonsky, 4.Apr.2019) — Uruguay will establish a new reference price for its Jet A-1 fuel as part of an initiative to position Uruguay on par with...
Ingener To Build Infrastructure For Neuquen Wind Park
(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2019) — Uruguayan company Ingener will build the electrical infrastructure for the 125 megawatt Neuquen wind park “Los Meandros” for the Chinese company Envision Energy....
OPEC Releases MOMR With Data Thru Feb. 2019
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and...
LatAmNRG Briefs: YPFB Value, UTE And RAFISA Distribution
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on YPFB’s estimated value after nationalization; a potential nitrogen, phosphorus and potassium plant...
Atlas Renewable Energy Wins Bonds & Loans LatAm Award
(Atlas, 19.Dec.2018) — Atlas Renewable Energy has won one of the Bonds & Loans Latin America Awards 2019, in the category of Structured Bond Deal of the Year. Following more...
LatAmNRG Briefs: Chile, Mexico, Peru, Uruguay
(Energy Analytics Institute, Jared Yamin, Ian Silverman and Aaron Simonsky, 16.Dec.2018) — Heard on the street and other LatAmNRG briefs from Chile on its $515 million Energy Access Fund, Mexico’s...
Consumers Worry, Countries Fumble In Addressing Global Plastic Use
(Orb Media Inc., 14.Dec.2018) — New Orb Media Inc. reporting and data analysis shows consumers are extremely worried about plastic's impact on the world. There is widespread public confusion regarding...
ANCAP Interested In Hydrogen For Transport, Marta Jara Says
(Energy Analytics Institute, Aaron Simonsky, 11.Nov.2018) — Uruguay is studying possibilities with hydrogen. “ANCAP is interested in the hydrogen option, because it is an ideal energy for transport, and which...
Uruguay’s Energy Matrix And Renewable Energies
“Uruguay’s energy matrix is one of the most outstanding in the world due to the variety of renewable energies” -- ANCAP President Marta Jara.
Uruguay Sets Deadline To Seek Renewable Energy Fiscal Incentives
(Energy Analytics Institute, Ian Silverman, 13.Oct.2018) — Companies seeking to benefit from renewable energy tax benefits will have until October 24, 2018 to submit details related to their projects. Companies...
Uruguay Judge Orders ANCAP to Pay $5.6 Mln to Exor Internacional Ltda.
(Energy Analytics Institute, Ian Silverman, 28.Sep.2018) — Uruguayan Judge Carlos Aguirre ordered ANCAP to pay a fine of $5.6 million plus interest to Exor Internacional Ltda. as a result of...
Uruguay: A Clean Energy Leader
(Uruguay Investment Agency, 10.Sep.2018) — Uruguay stands out in Latin America for its high living standards and social and political stability. Today it is also a world leader in renewable...
PDVSA Leaves Argentine Gas Station to Fend for Itself
(Reuters, Luc Cohen, 15.Aug.2018) – As Venezuela’s state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funneled millions of dollars to Petrolera del Conosur...
Uruguay Electric Grid Reaches Nearly All Citizens
(Energy Analytics Institute, Jared Yamin, 23.Jul.2018) – Uruguay is one of the countries in the Latin American region with one of the highest connection of residents to a national energy...
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for...
ANCAP and ALUR Combined $160 Mln Credits
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Two resolutions from the Uruguayan government late last month will authorize Ancap and ALUR to access credits for up to $160 million. In...
Atlas to Invest $114.4 Mln in Uruguay
(Energy Analytics Institute, Ian Silverman, 4.Jul.2018) – U.S. company Atlas Renewable Energy plans investments of $114.4 million in Uruguay. Atlas announced closing of long-term financing for its two solar plants:...
Uruguay to Adopt Process for Offshore Oil Blocks
(Reuters, Luc Cohen, 15.Jun.2018) – Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to...
Uruguay: Some Background On Oil Exploration
(Schuepbach Energy Uruguay – SEU, 30.Oct.2017) — The Norte Basin is part of a huge sedimentary basin called Paraná Basin in Brazil and Paraguay, and called Chaco-Paraná Basin in Argentina....
Argentina Interested in Buying Excess Gas from Punta De Sayago
(Energy Analytics Institute, Aaron Simonsky, 11.May.2016) – The government of Uruguay continues to move forward with agreements to secure markets for natural gas to come from its proposed regasification plant...
Statoil Strengthens Its Position In Uruguay
(Statoil, 15.Feb.2016) — Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in...
ANCAP Says Will Not Reduce Fuel Prices
(Energy Analytics Institute, Aaron Simonsky, 1.Apr.2015) – ANCAP will not reduce fuel prices in April due to the appreciation of the dollar. According to analysts, ANCAP has a margin of...
Montevideo LNG Plant Ready by YE:16
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – The LNG regasification plant (called ‘GNL del Plata’ in Spanish) in Montevideo, Uruguay is expected to be ready in November of 2016, reported...
Worries Surround Montevideo LNG Plant
(Energy Analytics Institute, Aaron Simonsky, 24.Mar.2015) – Officials in Uruguay are worried about difficulties that have translated into delays at the Montevideo LNG regasification plant. “Its a very significant project...
Venezuela Financial Scheme for Uruguayan Oil
(Energy Analytics Institute, Jared Yamin, 3.Mar.2015) – Venezuela announced a financing scheme for oil shipments to Uruguay, according to a decree revealed on March 2, 2015 in Venezuela's Official Gazette...
Uruguay Supporting Execution of 27 Projects
(Energy Analytics Institute, Ian Silverman, 13.Sep.2013) – The Uruguayan government is supporting execution of 27 electric projects in rural zones that will span 800 km. The cost of the projects...
Combustible Prices to Increase in Uruguay
(Energy Analytics Institute, Ian Silverman, 11.Sep.2013) – Uruguay's ANCAP will increase the price of combustibles by an average 9.7%, reported the daily newspaper La Red 21. ***
Galp Energia Inks E&P Deal In Uruguay
(Galp Energia, 2.Sep.2010) — Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, an exploration and production agreement for the Uruguayan continental platform with Acap,...