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). 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. Pacific Rubiales to Explore Oil in GuatemalaThursday, October 21, 2010 The Colombia - Canadian firm will operate the 7-98 oil contract, which has a potential for 4,000 million barrels. Pacific Rubiales has signed an agreement with Flamingo Energy Investment Ltd, Guatemala Chx Limited and Atlantic Petroleum Company SA, whereby they will get a 55% stake and operation of the oil extraction located in Petén. Guatemala's Oil Industry Enhanced by Pacific RubialesFriday, January 7, 2011 The arrival of petroleum company Pacific Rubiales to Guatemala reaffirms the country's oil potential. That is the opinion of Bob Szczuczko, general manager of Quetzal Energy, adding that the participation of a company as well known as Pacific, facilitated the decision to retain their properties in the country. $720 million for coal plant in GuatemalaWednesday, October 22, 2008 Ashmore Energy International (AEI) will invest $750 million to construct a coal energy plant in Guatemala. With this investment the company hopes to produce 300 megawatts which will be in addition to the 234 megawatts being produced, making the total produced by the company 534 megawatts. Fenosa awards $600 million contract for Guatemala power plant constructionWednesday, May 7, 2008 Spain's Unión Fenosa has awarded a $600 million contract for the construction of a 200-megawatt coal-fired power plant in Guatemala to Jaguar Energy, a local unit of Ashdown Energy International. Fenosa said in a statement that the new plant would enable its distributors in Guatemala to ensure power supplies in the long term. Jaguar Energy Plant Delayed in Start of OperationsFriday, February 15, 2013 Lack of international funding has delayed the construction of the Jaguar Energy power plant in Guatemala, which will begin operations a year later than planned. To date the company has disbursed an amount close to a million dollars to cover the fines established and about $640,000 for the guaranteed stipulated in the contract with the distributors Energuate. 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." Milan - El Salvador flight confirmedFriday, January 30, 2009 The first regular Milan - San Salvador (via Havana) by the Livingston airline company is scheduled for Thursday, February 19. This is according to Giovanni de Verti, air connectivity adviser. 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." Duke Energy Tenders Guatemalan Plant ImprovementsFriday, May 29, 2009 The American company that operates in Guatemala plans to open a tender for a few replacements of the diesel engines. Officials from the 160-watt Termoelectrica Arizona Plant located in Guatemala, reported plans for the tender, according to an article in IndustrialInfo.com, published in Marketwire.com. Honduras: 130 million dollars available to produce wind energyFriday, May 2, 2008 The Mesoamerica Energy Company will propose to the National Electrical Energy Company construction of a wind park valued at 130 million dollars (2.4 billion lempiras) that's capable of generating 60 megawatts. The initiative comes from the local and regional private sector. A similar project is operating in Costa Rica and another is under construction in Nicaragua. |
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