(Oil Price)– The mining sector continues to face new and growing challenges. President Trump only yesterday pushed copper prices to record highs after threatening 50 percent tariffs on the precious metal. Latin America is as exposed as any other region to the US tariff policy. But when it comes to the green energy transition, it’s mining companies and governments that
(Yahoo Finance) – BOGOTA/MONTEVIDEO/RIO DE JANEIRO, (Reuters)- Latin America’s wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen, also
World Oil (WO) — In a strategic deal, GeoPark has signed an asset purchase agreement with Phoenix Global Resources, a subsidiary of Mercuria Energy Trading, to acquire non-operated working interests (WI) in four adjacent unconventional blocks in the Neuquén basin. These blocks include a 45% WI in each of the Mata Mora Norte producing block and Mata Mora Sur exploration
Oil Price For decades, China has been a key driver of global economic growth thanks to an economy that managed to maintain blistering growth for what seemed like forever. China’s economy ballooned from $1.2 trillion in 2000 to nearly $18 trillion in 2021, good for a nearly 10% annual clip ever since Beijing embarked on economic reforms in 1978. The
Oil Price Latin America is poised to play an increasingly important role in the global transition to cleaner energy sources, the International Energy Agency (IEA) said on Wednesday in its first-ever energy outlook on the region. Latin America and the Caribbean region already lead in the energy transition, with hydropower, solar, wind, and biofuels having a large share in the energy mix
Oil Price With the success of the energy transition closely tied to the ability to store solar and wind power, battery manufacturers are zeroing in on Latin America’s so-called lithium triangle of Argentina, Bolivia and Chile. These three countries alone contain 52m, or 53%, of the 98m tonnes of global lithium reserves, according to the US Geological Survey. In late
World Oil (Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of the energy
Reuters MEXICO CITY – As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some countries to actually rely more on dirty energy sources. Experts speaking at this year’s all-virtual CERAWeek conference said a portion of Latin
Forbes How bad is the situation for the oil and gas industry in the U.S. right now? Let’s take a look at some compelling recent data points: On Friday, ExxonMobil posted its first quarterly loss since 1999. On Thursday, Royal Dutch Shell cut its dividend for the first time since the 1940s. In it’s most recent weekly rig county update, Enverus reports that “As of April 29, the
GeoPark Announces Second Quarter 2019 Operational Update
Sale of stake in 34 onshore fields in Rio Grande do Norte Rio de Janeiro based Petrobras’ board of directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio Grande do Norte state, to the company 3R Petroleum. The 34 concessions are mature fields in production for over 40
Latin America-based operator GeoPark (ticker: GPRK) provided an operational update for 3Q 2018 today. GeoPark is an independent oil and gas producer with operations in Argentina, Brazil, Chile, Colombia, and Peru. Some notable highlights and exploration successes from 3Q include: The discovery of the Tigui oil field in the Llanos 34 block in Colombia. The discovery of the Jauke gas field
