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). 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: 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 . 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: China's Coscon launches new multimodal service in PanamaTuesday, July 8, 2008 Cosco Container Lines (Coscon) launched a new multimodal service in the Panamanian port of Balboa that links Asian markets with Mexico, Panama and the Caribbean. The new service, known as the China Central America Express, was launched by the Cosco Sidney vessel that unloaded about 1,000 containers in Balboa for transport by rail to Colón. Agricultural Company Announces Investment in NicaraguaWednesday, November 10, 2010 American Belt Horticultural Company plans to invest $ 15 million to set up plantations in the north of the country. The producer and distributor of ornamental plants and seeds, plans to build about 200 thousand square meters of greenhouses in the departments of Estelí, Jinotega and Matagalpa. 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. 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." Livingston to fly through the regionMonday, February 2, 2009 Once the flight to El Salvador begins in February, the company plans to start operations through Central America. In statements made to Elsalvador.com Carlos Ortiz, commercial director of Avitours and representative of the Italian airline in El Salvador said: "With this step, the airlines see El Salvador and Central America as a growing tourist destination based on forecasts and studies by the World Tourism Organization of the area. 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." 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 "... 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." 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. Aalfs Manufacturing buys Presitex textile company in NicaraguaFriday, October 24, 2008 American company, Aalfs Manufacturing, bought the Taiwanese Presitex which operates in Sebaco, Nicaragua. Aalfs Manufacturing Company designs, manufactures and sells clothing in the American Market, especially jeans pants, and was founded in 1892. EIA Submitted for Nicaraguan Oil ExplorationFriday, April 15, 2011 The company Infinity Energy Resources has completed its Environmental Impact Assessment (EIA) of gas and oil exploration activities in Nicaragua's Caribbean Sea. In a press release Infinity Energy Resources explained that the approval process should take up to 90 days at the end of which the work on seismic mapping of the 560,000 hectare concession area in Nicaraguan waters will begin. |
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