Nicaragua: Five Petroleum Concessions in Uncontested AreasWednesday, September 11, 2013 Four awards have been made so far in the Caribbean and in the Pacific, to Noble Energy, Infinity Energy and Industrias Oklahoma Nicaragua. According to the Minister of Energy and Mines (MEM), Emilio Rappaccioli, "the company Noble Energy, which between 2013-2015 will invest between $180 million and $670 million is at the moment making progress in drilling the first well, but in Nicaraguan waters" reported Elnuevodiario.com.ni . Canada's Polaris to invest US$96 million in Nicaragua geothermal projectTuesday, May 27, 2008 Canada's Polaris Geothermal said it plans to invest US$96 million in increasing its geothermal capacity in Nicaragua. The project will be jointly financed by Polaris, the Central American Bank of Economic Integration – which has already pledged a US$20 million advance – and other institutions. Funding for Wind Project Confirmed in NicaraguaFriday, November 12, 2010 AEI Centrans Energy Services, Inc. and Wind Energy of Nicaragua SA, announced funding for Phase II of the Amayo park. The $ 45 million facilities feature a 15-year loan provided by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI). Nicaragua to expand geothermal energy with IDB helpTuesday, August 3, 2010 A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity The Inter-American Development Bank (IDB) announced the approval of a $40 million loan to finance the second phase expansion of the San Jacinto-Tizate geothermal power project, which is being developed by a private sector company, Polaris Energy Nicaragua S.A. (PENSA). Puma Energy Acquires ExxonMobil Assets in the RegionWednesday, March 30, 2011 Puma Energy has agreed to acquire ExxonMobil’s commercialization and fuel supply assets in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Founded in 1997, Puma Energy has quickly grown into one of the world’s largest independent petroleum commercialization and downstream distribution companies. Nicaragua Authorizes Construction of Wind Power FarmThursday, April 8, 2010 The Energy Ministry green lighted Blue Power & Energy to build a 40 MW wind power farm. It also granted the company a wind power generation license for the next 30 years. Wind Power for Less than $100 per MWFriday, November 30, 2012 After starting operations on November 14, the renewable energy project Eolo has already generated five billion kilowatt hours for the Nicaraguan national grid. The cost of a megawatt hour from the wind energy plant is about a hundred dollars, according to the country manager and Nicaragua is currently buying at $150 or $250 per kilowatt hour from other renewable sources. Nicaragua: Terra Group Announces Acquisition of Blue EnergyTuesday, October 2, 2012 The deal, which is still subject to bank approval, will mean the Honduran group will have raised $50 million from the Inter-American Corporation for Investments. An article in reports Laprensa.com that the negotiations began two months ago, when the entrepreneur Freddy Nasser of Terra Group approached Joaquín Cuadra Lacayo, president of Blue Power & Energy, "to sound out the business opportunity. Nicaragua Approves Oil Exploration ConcessionMonday, March 16, 2009 Infinity Energy Resources Company, Inc. received government approval to explore 1.4 million acres of the Caribbean Sea coast. The CEO of Infinity Energy Resources, Stanton E. Ross, manifested in the company’s press release: "The final approval of contracts for exploration [of natural gas and oil] and development by the Ministry of Energy and Mines and the Government of Nicaragua will allow the company to proceed with exploration activities." Fuel Company Changes HandsMonday, September 4, 2017 Puma Energy has announced the purchase of 100% of the capital stock of the Panamanian company Tropifuels, which operates Tropigas fuel service stations throughout the country. In a statement the company dedicated to the distribution of oil and gas explained that with the acquisition of Tropifuels S.A. it will "... Oil exploration on Nicaraguan Caribbean coastMonday, December 29, 2008 The government will sign two concession contracts with Infinity Energy for oil and natural gas exploration and exploitation. According to the article from "Proceso Digital," the Nicaraguan vice-minister of Energy and Mining, Lorena Lanzas, pointed out that "the granting of these concessions have already been approved by the Regional Governments of the Southern and Northern Caribbean coast of Nicaragua, in accordance with the law." Natural Gas Found Underground in Nicaraguan CaribbeanWednesday, April 2, 2014 Infinity Energy has confirmed that the analysis of seismic studies in the Caribbean zone where they have a concession suggest the existence of deposits of natural gas. An article in Rlp.com.ni reports that Stanton E. Ross, CEO of Infinity Energy Resources, noted that "... an analysis of recent seismic data, undertaken by the geosciences company CGG determined, through seismic mapping, 'the presence of a fifth structure below our oil and gas concessions offshore." Puma Energy to Market Castrol in CentralWednesday, February 6, 2013 Puma Energy Service stations and distributors of Castrol in the isthmus will market the lubricants Castrol GTX, Castrol Magnatec and Castrol EDGE. A statement from Puma-Energy reads: Puma Energy to Invest $100 millionThursday, April 19, 2012 The Swiss oil company has completed the takeover of the assets of Exxon Mobil in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The Exxon Mobil assets to be transferred to Puma Energy include 300 service stations, two refineries, the addition of three terminals, two airports and a marine bunker fuel supply which supplies 20% of the regional market, all of which involves managing a 20 million barrels of oil per year. Puma Changes Business Model in Gas StationsTuesday, June 12, 2012 The multinational Puma Energy is passing on administration of service stations operations to Nicaraguan entrepreneurs. The Swiss company Puma Energy, which bought Exxon Mobil's operations in Central America, is applying a decentralization policy to the management of its gas stations in Nicaragua. |
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