Suez Energy to invest US$650 million in PanamaThursday, June 26, 2008 Suez Energy aims to invest US$650 million in various power-generation projects that should come on stream by 2010. The projects includes the conversion to coal of the Bahía Las Minas thermal plant, and construction of a 25-megawatt hydroelectric scheme at Gualaca, Chiriquí. 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 "... Panama: Odin Energy To Import Bio-dieselMonday, May 17, 2010 Odin Energy Corporation announced its intention of importing bio-diesel B5 from Colombia and re-exporting it to other countries from Panama. The company, listed at the Panamanian Stock Exchange, is building a $20 million bio-diesel mixing facility in Colombia, which should be ready by the end of 2010. Panama to Cancel Oil ConcessionMonday, April 26, 2010 The government canceled an oil exploration and exploitation concession granted in 2007 to Harken de Panama Ltd. Harken is a subsidiary of Global Energy Development PLC, and had a concession to explore and exploit oil in the gulf of San Miguel, province of Darien. Panama: Odin Energy Issues $20 Million in StockMonday, November 30, 2009 Odin Energy, a Panamanian company with operations in Colombia, will issue shares through Panama's Stock Exchange. The company is a subsidiary of a Japanese Holding, and will use the money to increase its biofuel production operation in Santa Marta, Colombia. Panama: Company Studies Importing Gas From ColombiaWednesday, March 10, 2010 Pacific Rubiales Energy, a Canadian corporation, is studying the Panamanian market, to determine the feasibility of importing gas from Colombia. Eduardo Lima, head of the company, explained that $100 million should be invested in the first phase, to transport compressed gas from Colombia in small ships. New thermo-electric power plant in PanamaTuesday, December 9, 2008 After$100 million in investment and 12 months of construction, operations at the new Cativa thermo-electric power plant began. The new power plant will provide 10% of electric energy generation to the country in 2009, along with the Bahia Las Minas plant. 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. AEI Sells Ensa in Panama and Delsur in El SalvadorFriday, January 7, 2011 Spanish group Iberdrola agreed to buy the Latin American assets of Ashmore Energy International (AEI). These include Salvadoran distribution company Delsur and Panamanian ENSA, EDEN (Argentina), Elektro (Brazil), CEO (Colombia) and Chilquinta (Chile). Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Puma Energy Invests in PanamaMonday, February 23, 2015 The company aims to increase its market share in the country and plans to invest $80 million in the construction of a fuel storage facility. The company is preparing to build its own infrastructure in order to increase its business in the Panamanian market. Besides the construction of the plant, Puma Energy is looking to venture into new lines of business, such as selling jet fuel and asphalt manufacturing and lubricants. |
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