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(Reuters) - As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis on Europe, where a combination of... Continue Reading →
(Reuters) - Peru's government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears linked to Russia's invasion of Ukraine. Among the areas prime for a reboot is Block 192, the Andean country's largest - and leakiest - field. Located deep in the Amazon... Continue Reading →
(Reuters) - Peru's embattled state-owned oil firm Petroperu (PETROBC1.LM) will not submit its annual financial audit before the end of July, new Chief Executive Francisco de la Torre told Reuters on Tuesday, meaning it will miss a key May deadline to present the document. Petroperu was downgraded earlier this month to junk by credit agencies after accounting... Continue Reading →
High oil and gas prices helped Spain's Repsol REP.MC to post earnings above market expectations on Thursday, giving it more financial firepower to spend on low-carbon operations investors are increasingly demanding of energy companies. Benchmark Brent crude oil LCoC1 and Henry Hub gas rose 70% and 86% respectively during 2021 as tight gas supplies collided... Continue Reading →
(OE) Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage. Ramirez said the suspension of operations would last until the company "can offer technical guarantees that another spill will not happen." "In addition,... Continue Reading →
(Reuters) Peruvian prosecutors requested on Thursday that the president and three other executives of Spanish oil firm Repsol SA's local refinery be barred from leaving Peru for 18 months while a probe into an oil leak is under way. Repsol's La Pampilla refinery, Peru's largest, leaked thousands of barrels' worth of oil off Peru's central... Continue Reading →
Peru's environmental regulatory agency said on Wednesday it was investigating the possibility that Spanish energy company Repsol SA was responsible for a second oil spill in as many weeks off the country's central Pacific coast. The suspected new spill may have occurred on Tuesday as Repsol's La Pampilla refinery was withdrawing oil reception and dispatch... Continue Reading →
(Reuters) - BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets. The world's largest money manager hopes the fund, to be announced on Tuesday and dubbed the Climate Finance... Continue Reading →
(Reuters) - Peru's state-owned Petroperu hopes to once again extract oil in the Andean nation by the end of the year to supply crude to its Talara refinery, the government said on Wednesday. The move, under new socialist President Pedro Castillo, signals a return to oil production for Petroperu after more than two decades focused... Continue Reading →
Australian oil and gas firm Karoon Energy has reached a settlement agreement with Pitkin Petroleum over a dispute related to Block Z-38, offshore Peru. Back in May, Pitkin Petroleum sent a notice of the dispute to Karoon Energy, related to the joint operating agreement in respect of Block Z-38, offshore Peru in which the two... Continue Reading →
Brazil Energy Insight 