(Energy Analytics Institute, 9.Jul.2020) — Ecuador envisions mining exploration investments of $1.3bn through January 2022, according to comments from the country’s Mines Vice Minister Fernando L. Benalcázar. Benalcázar’s comments came during his participation in the “Digital Latin American Mining Summit” on 9 July, Ecuador’s Ministry of Energy and Non-Renewable Natural […]
Tag: Australia
BHP To Replace Coal With Renewables In Chile
(The Guardian, 22.Oct.2019) — Mining giant says contracts will cut energy prices by 20% and save 3m tonnes of carbon The mining giant BHP has signed four renewable energy contracts that will replace coal-fired power at two of its copper mines in Chile, a move it says will mean both […]
BHP To Invest $283mn In Trinidad Project
(Reuters, 7.Aug.2019) — Global miner BHP Group said on Thursday it has approved an investment of $283 million to fund the development of an oil and gas project in Trinidad and Tobago. Total investment in the Ruby Project, in which BHP holds a 68.5% stake, is about $500 million, the […]
WoodMac: Santos Makes Significant Gas Discovery At Corvus-2 Appraisal Well
(WoodMac, 16.Apr.2019) — Following Santos’ announcement on the confirmation of a significant gas resource at Corvus-2 appraisal well, Wood Mackenzie senior analyst Daniel Toleman commented on the results: Based on limited information, our initial estimate is a 2.5 tcf gas and 25 mmbbl condensate resource. This will be the largest […]
This Venezuelan Energy Policy Will Kill The Investment We Need
(The Australian Financial Review, Craig Emerson, 28.Oct.2018) — On November 22, 2017, a nation’s government legislated price controls in response to voter dissatisfaction with the rising cost of essential items. On October 23, 2018, the government of another nation announced it would require electricity suppliers to reduce their prices by […]
BHP Billiton Finds New Gas Offshore T&T
(Trinidad Express, Aleem Khan, 18.Jul.2018) – Australia’s BHP Billiton found new gas offshore Trinidad, the company confirmed in a statement yesterday. “In Trinidad and Tobago, following the gas discovery at LeClerc, we commenced Phase 2 of our deepwater exploration drilling campaign to further assess the commercial potential of the Magellan […]
Melbana Says UK Investors Eyeing Cuba
(Melbana Energy Limited, 2.Jul.2018) – Melbana Energy Limited announced a potential dual listing on the UK’s Alternative Investment Market (AIM) is being actively considered, as it is clear there is strong UK investor interest in Cuba as an investment destination. The company is considering any number of corporate business development […]
Melbana to Spud Cuba Well in December
(Melbana Energy Limited, 2.Jul.2018) – Australia’s Melbana Energy Limited announced preparatory work is continuing in Cuba in readiness for the planned drilling program in Block 9. From a permitting perspective, intermediate approvals are continuing to be obtained for both the Alameda and Zapato exploration wells as progress is made towards […]
BHP Provides Update on Samarco
(BHP Billiton, 26.Jun.2018) – On 2 March 2016, Samarco Mineração S.A., Vale S.A., BHP Billiton Brasil Ltda (the Companies), and the Federal Government of Brazil, the Brazilian states of Espirito Santo and Minas Gerais and other public authorities entered into a Framework Agreement that provides for the settlement of the […]
Why Melbana Choose Cuba?
(Energy Analytics Institute, Piero Stewart, Jared Yamin) – Melbana Energy Limited Chief Geologist Errol Johnstone explains why the company choose Cuba. ***
Claire Fitzpatrick, First Female to Lead BPTT
(BPTT, 1.May.2018) – Mrs. Claire Fitzpatrick has been appointed as Regional President of BP Trinidad and Tobago (BPTT). In this role, Mrs. Fitzpatrick will be accountable for BPTT’s performance and BP’s business interests in Trinidad and Tobago. She is the first female to lead BPTT, which produces approximately 15% of […]
Pemex, BHP Billiton to Develop Trion Block
(Pemex, 3.Mar.2017) – PetrĂłleos Mexicanos and the Australian company BHP Billiton signed an agreement to develop the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto. This is the first farm out agreement that Pemex has undertaken to explore and produce and is the […]
PEPC’s Restructuring Not Likely to Impact Brazil Program
(Karoon Gas Australia Ltd., 28.Apr.2016) – Karoon Gas Australia Ltd. provided an update on recent events relating to its 65 percent owned Santos Basin Blocks S-M-1037, 1101, 1102, 1165 & 1166 offshore Brazil. Karoon’s 35 percent joint venture partner, Pacific Exploration and Production Corp. (Pacific) announced April 27, 2016 that […]