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The proposed all-stock merger between Bahamas Petroleum Company and Columbus Energy Resources was sanctioned by the court on Wednesday, paving way for the merger execution. Bahamas Petroleum Company, an oil firm with exploration assets in the Bahamas, and as of recently offshore Uruguay, and Trinidad-focused oil and gas production Columbus Energy Resources first announced intention to merge in... Continue Reading →
Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources. The boards of directors of the two companies on Thursday said they had reached agreement on the terms of a recommended all-share merger by way of a share for... Continue Reading →
Uruguay’s state-run oil company Ancap has held informal talks with at least two refiners in South America to gauge their appetite for joining forces to gain more clout in the regional market, Chairman Alejandro Stipanicic said. A potential deal could include agreements to jointly buy crude and export refined products, as well as the pooling of technical... Continue Reading →
London-listed oil company Bahamas Petroleum (BPC) has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. BPC said on Tuesday that it was chosen as the successful applicant for the award of an exploration licence offshore Uruguay by the Uruguayan national regulatory agency, ANCAP. Continue reading
Brazil Energy Insight 