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. 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. 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. 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 "... “Dry” Geothermal Energy ExploitationThursday, January 27, 2011 GTherm, the owner of the patent, is negotiating with Instituto Costarricense de Electricidad (ICE) to develop a 12 MW pilot project. Within ICE's strategy to develop clean electricity sources, since October 2010 it is negotiating a pilot project to generate electricity by harnessing geothermal energy in the subsoil, a rich resource in Costa Rica. Company Profile Organization that operates in Costa Rica.
Natural Gas from Colombia to Central AmericaWednesday, March 28, 2012 Targeting as a market the countries of Central America and the Caribbean, Pacific Rubiales will export LNG (Liquefied Natural Gas) from a plant to be built on the Colombian Caribbean coast. Pacific Rubiales Energy Corp. has announced the signing of an agreement between its subsidiary Pacific Stratus Energy Colombia Ltd. and Exmar NV from Belgium for processing natural gas. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
The Push for Wind Power in Costa RicaMonday, October 27, 2014 The wind power projects currently under development in the country by national and foreign investors have a combined capacity of 185 MW. Data from the Costa Rican Electricity Institute (ICE) shows that during 2013 energy from renewable sources accounted for 88% of total production in the country. Among the companies currently investing and seeking further development in the energy sector are Globeleq Mesoamerica Energy, Group Ecoenergía and Coopeguanacaste, Tilawind. Oil Company Loses Law Suit in Costa RicaWednesday, December 17, 2014 A court has ruled against the lawsuit brought by the US company Harken Energy against the Costa Rican government for canceling a contract to prospect for hydrocarbons in the Caribbean. Harken Energy in 1998 won a 20-year contract with the government of Costa Rica for prospecting and exploiting oil in areas of the Caribbean. In 2002, the environmental impact study submitted by the oil company to build facilities in the vicinity of Moin, in the province of Limón, was rejected by the National Technical Environmental Secretariat (Setena). Duke Energy Evaluates its Central American AssetsTuesday, July 13, 2010 The company is considering whether to monetize its Central American investments. In a recent conference call Keith Trent, president of the company’s Commercial Businesses organization, was asked about which assets might be monetized and where. He responded that the company, “looks at the returns on assets and opportunities for reinvestment”. Colombian Investments in Central AmericaThursday, January 20, 2011 EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million. The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law. Tuxtla Summit launches Mesoamérica ProjectThursday, July 30, 2009 The Tuxtla Summit concluded with the full incorporation of Colombia and new compromises under "Proyecto Mesoamérica" In the final declaration, it was established to "accelerate the electrical interconnection in the region, and conclude works on the Mesoamerican Information Highway (internet link)". Panama as Solar Energy MarketMonday, June 16, 2014 The growth of electricity demand and favorable prices ranging from between 20 and 40 cents per kilowatt hour have been highlighted as most noteworthy. It is expected that the solar market will add 700 megawatts of new capacity in 2014, representing 2 percent of world demand in the solar market until 2018. This rate requires developers to move with speed in order to enter new countries. |
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