Latin America – Oil & Gas 360

Latin America gears up for clean hydrogen boom but the road is not smooth

October 4, 2024

(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

GeoPark acquires stake in Vaca Muerta blocks, expands Latin American presence

May 17, 2024

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

Latin America: The next chapter in China’s global economic strategy

January 25, 2024

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

IEA sees Latin America playing a key role in the global energy transition

November 8, 2023

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

Latin America looks to capitalize on soaring lithium demand

February 20, 2023

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

Oil boom falls flat in Latin America, despite having a fifth of the world’s reserves

September 7, 2022

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

Latam lags in energy transition race; urgent needs unmet

March 5, 2021

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

The Oil And Gas Situation: Bleak In The U.S., Surprisingly Positive In Latin America

May 5, 2020

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 Q2 2019 Operational Update

July 15, 2019

GeoPark Announces Second Quarter 2019 Operational Update

Petrobras Sells Rights in 37 Oilfields for $823 Million

November 29, 2018

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

GeoPark Issues 3Q 2018 Operational Update

October 18, 2018

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

Exclusive Interview: Jim Park, CEO & Director of GeoPark

September 14, 2018

Exclusive Interview with Jim Park, CEO & Director of GeoPark at the 2018 EnerCom conference in Denver. At the 2018 The Oil & Gas Conference®, Jim Park, CEO and director of South American E&P GeoPark (ticker: GPRK), was interviewed by EnerCom’s Angie Austin. Park has worked in all phases of the upstream oil and gas business with a strong background

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