(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the Latin America and Caribbean (LAC) region with its gross domestic product (GDP) projected to contract 25% in 2020, according to […]
Tag: Peru
Sempra Energy Advances North American Strategy
(Sempra, 30.Jun.2020) — Sempra Energy completed its business exit from South America, following the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds, subject to post-closing adjustments. The completion of the Chilean transactions concludes Sempra Energy’s sales of its South American businesses in […]
Bolivia And Paraguay Sign MOU Related To Gas Pipeline
(Energy Analytics Institute, Aaron Simonsky, 19.Nov.2018) — Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez and Paraguay’s Public Works Minister Arnoldo Wiens signed a Memorandum of Understanding related to construction of a natural gas pipeline that will allow for shipment of the molecules from the former to the latter. We hope to […]
T&T Energy Minister: Positive Growth Forecast For NatGas Markets
(Loop News, 14.Nov.2018) — Minister of Energy and Energy Industries and President of the Gas Exporting Countries Forum, Franklin Khan, said the natural gas industry is forecast to grow within the coming year, a good indicator for Trinidad and Tobago. Speaking at a media briefing after the second session of […]
Venezuela Poses Clear Threat – Comments Could Refuel Trump Military Action Talks
(Express, Ciaran McGrath, 30.Oct.2018) — Venezuela represents a “clear threat to regional stability” and a “direct challenge” to the United States, a senior US Government official has said, as the possibility of Donald Trump taking military action resurfaced after widespread speculation in the summer. The oil-rich South American country’s economy […]
Bolivia’s Oil Revenue To Reach $2.2 Billion
(Xinhua, 14.Oct.2018) — Bolivia’s oil revenue this year is estimated to reach 2.2 billion U.S. dollars as it “will be able to fulfill” contracts with its southern American partners, Minister of Hydrocarbons and Energy Luis Alberto Sanchez said Saturday. “The income to the country is guaranteed,” Sanchez said. “We should […]
Cut Venezuela’s Oil Exports, and Cut its Tyrant Down to Size
(Washington Examiner, 1.Oct.2018) — Meeting with the president of Chile at the White House on Friday, President Trump pledged to continue confronting humanitarian suffering in Venezuela. The president deserves credit for his sustained leadership on this issue, but the time has come for more dramatic action. Specifically, the U.S. should […]
GeoPark Announces New Jauke Gas Field Discovery in Chile
(GeoPark, 20.Aug.2018) — GeoPark Limited announced the successful drilling and testing of the Jauke 1 exploration well in the Fell block (GeoPark operated, 100% WI) in Chile. “This discovery illustrates the hydrocarbon-generating capacity of GeoPark’s unique Latin American multi-country platform,” said GeoPark Chief Executive Officer James F. Park. GeoPark drilled […]
Could Guyana’s Oil Fortunes Curse Country?
(Energy Analytics Institute, Pietro D. Pitts, 8.Jul.2018) – Recent success in Guyana’s oil sector could be a wolf in sheep’s clothing. Guyana doesn’t yet produce oil but in coming years its oil output is expected to surpass that of Peru and Trinidad and Tobago and could approach that of Ecuador, […]
Mexico’s Gasoline Price Lowest in LAC Region
(Energy Analytics Institute, Fidencio Casillas, 16.Jan.2017) – The average gasoline price in Mexico, the largest Spanish speaking country in the Americas, is still the lowest amongst select countries in the Latin American and Caribbean (LAC) region. Mexico’s average gasoline price of 15.9 Mexican pesos per liter remains the lowest among […]
Gran Tierra Announces Full 1Q:15 Results
(Gran Tierra Energy Inc., 6.May.2015) – Gran Tierra Energy Inc. announced its financial and operating results for the quarter ended 31.Mar.2015. All dollar amounts are in U.S.A. dollars unless otherwise indicated. Earlier this year, Gran Tierra announced significant changes to the company’s leadership, strategic direction and cost structure. Gran Tierra’s […]
Apco Completes $470 Mln Merger
(Apco Oil and Gas International Inc., 29.Jan.2015) – Apco Oil and Gas International Inc. completed its merger with Pluspetrol Black River Corporation, a wholly-owned subsidiary of Pluspetrol Resources Corporation, in an all-cash transaction with an equity value of approximately $427 million. In connection with the transaction, Apco will be delisted […]
Apco Shareholder’s Approve Pluspetrol Merger
(Apco Oil and Gas International Inc., 26.Jan.2015) – Apco Oil and Gas International Inc. announced that its shareholders, at an extraordinary general meeting held on January 26, 2015, approved the proposal to adopt the previously announced merger agreement, dated October 2, 2014, pursuant to which Pluspetrol Resources Corporation will acquire […]