Guatemala: Sale of Gas StationsThursday, March 31, 2016 The Honduran Terra Group has acquired the network of 32 service stations from PacificOil that will now be operated by UNO Guatemala. The deal relates to the corporate division of Terra Oil, part of Terra Group, which acquired all of PacificOil's service stations in Guatemala, reported Elperiodico.com.gt. New Application Presented for PUMA-ESSO MergerFriday, November 4, 2011 The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy. A press release from the Superintendency for Competition (SC) states: Oil Refining Plant in GuatemalaThursday, May 10, 2012 Based on the country's prospected oil potential, Ivanhoe Energy and Cobán Oil & Gas are proposing to invest $250 million. Both companies signed a letter of intent for joint investments of $250 million and reported that they expect to finish the process in 30 months, sign an investment agreement, and then start building the plant. Fuel Market in GuatemalaWednesday, January 18, 2012 There are eight importers who supply more than 1,250 service stations; companies compete to attract customers with better services. The purchase of Shell’s operations by Unopetrol, and Esso’s by Puma Energy, has spurred competition and is transforming the fuel sales market, with the opening of new retail outlets and additional service offers, such as car washing. Guatemala's Pacific Oil Targets Central AmericaTuesday, October 30, 2012 The fuel company has announced a regional expansion process in El Salvador, Honduras and Panama. Juan Salazar, manager of the company, explained that in 2013 they plan to open 75 stations in these countries, with a total investment of $48 million and an average cost of $500,000 per facility. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Costa Rica Will Not Sign Contract With Mallon OilWednesday, December 21, 2011 The president, Laura Chinchilla, has confirmed the decision not to sign an oil exploration contract with the Mallon Oil Company. The U.S. company Mallon Oil was awarded a tender eleven years ago, for a contract for oil and natural gas exploitation in the south. Costa Rica: Oil Drilling Ban SuspendedWednesday, January 11, 2012 The Supreme Court has admitted an appeal against a government decree that prevented oil exploitation concessions for 3 years; Mallon Oil may be able to force the government to sign the contract. The Sala IV, Costa Rica’s Supreme Court, suspended president Laura Chinchilla’s decree, which prevented the exploitation of hydrocarbons and the granting of permits for three years, until a constitutional complaint made by the Association of Geologists is resolved. Costa Rica: Oil Exploration Appeal DismissedFriday, September 23, 2011 The Constitutional Court has dismissed an appeal brought by the oil company Mallon Oil which requested its contract for oil and gas exploration be signed. In its ruling, the Constitutional Court informed Mallon Oil that the process they must follow is to make its request via a contentious trial. Oil Exploration Areas AwardedMonday, July 8, 2013 The government of Guatemala has awarded contracts to six oil companies who will each implement an average investment of $30 million. Elperiodico.com.gt reports: "Increasing high quality oil production, and the possibility of finding natural gas reserves are on the radar of the six companies who received contracts awarded by the Ministry of Energy and Mines (MEM) in order to attract investment of over $30 million per year for the area. " Costa Rica: Doubts Still Remain Over Oil ContractWednesday, December 14, 2016 The decision of the I Chamber to annul the judgment that prevented the signing of contracts without environmental studies has refloated the possibility of the contract with the American Mallon Oil Company being valid. In the year 2000 the government of Costa Rica signed with US oil company Mallon Oil Company a contract to explore and develop natural gas and oil in six blocks of territory without the prior existence of an environmental impact study, an exception allowed by decree 26,750 of 1998. Concession for Fuel TerminalTuesday, October 11, 2011 The Panamanian Maritime Authority has directly granted a concession for a terminal with 66 fuel storage tanks in Balboa and Cristobal to a Greek company. The company Aegean Oil Terminals (Panama), S.A., will operate the space for 20 years. Panama to Build Free Zone for Fuels on Isla de MelonesWednesday, February 15, 2012 The company Melons Oil Terminal Inc will operate and manage a Fuel Free Zone capable of storing 2 million barrels of oil. A press release from the Presidency of Panama reads: Oil Exploration Contract in NicaraguaTuesday, July 19, 2016 The Canadian company Union Oil & Gas Group has announced that an agreement signed with the Ortega administration will allow them to carry out exploration works in the Sandino Basin in the Pacific. This agreement is added to the four signed in June last year with Statoil for exploration and extraction works in a total area of 16 thousand square kilometers, also in the Pacific. Puma Accepts Conditions for ESSO PurchaseFriday, February 10, 2012 Puma Energy has agreed to the terms established by the Governing Board of the Superintendency of Competition in El Salvador, complying with the proposed requirements in order for the merger to be authorized. The Puma Energy Company has accepted and carried out the ex-ante condition established by the Board of Directors of the Superintendency of Competition (SC). |
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