Oil - New Energy Events

Ecopetrol Group presents its first stand-alone report following the task force on climate-related financial disclosures
August 4, 2021
Ecopetrol S.A. reported it has voluntarily adopted the recommendations issued by the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD) as part of its disclosure policies. In this regard, the company has published its first specialized report on the subject, for the year 2020, where the disclosures seek to reinforce its processes and […]
Private roundtable on US-Mexico energy cooperation
April 26, 2021
US-Mexico energy trade and cross-border investments are vital elements of the oil and gas and power industries in both countries, a reality recognized and protected by the US-Mexico-Canada Agreement. The meeting sought to explore strategies for the new US administration to productively engage with the Mexican government to bolster the North American energy industry, heighten […]
Mexico seeking to join Latin American peers in hydrogen push
April 13, 2021
As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the race. Hydrogen was singled out for the first time in Mexican Energy Ministry Sener’s Proseden national development plan earlier this year as a potential future replacement for fossil fuels in power plants operated by Comisión Federal […]
Europe’s big oil companies are diversifying and going cleaner
August 20, 2020
Under pressure from governments and investors alike to address climate change concerns, Europe’s oil companies are accelerating their production of cleaner energy including electricity, hydrogen, and natural gas, which will have an impact in other markets. Source
Coronavirus: The Caribbean is the First Domino to Fall, but There is Hope

From our Editorial Team
April 9, 2020
Guest Editorial by David Gumbs, James Fletcher & Justin Locke COVID-19 is crushing tourism-based, import-dependent economies across the Caribbean. Recovery will be slow—but it can also be revolutionary. Guest contributors David Gumbs, James Fletcher and Justin Locke frame for us a vision for how regional governments, with the help of multilateral institutions and global philanthropy, […]
Pandemic, oil price collapse to take its toll on LAC energy markets
April 8, 2020
The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader […]
NuStar completes $250-million sale of Caribbean storage terminal
November 15, 2019
NuStar Energy has finalized the US$250-million sale of its oil storage terminal on Saint Eustatius to Prostar Capital. NuStar President Brad Barron said that proceeds from the sale, which marks the company’s exit from the Caribbean market, would be redeployed to its core businesses in North America. The terminal’s 14-million-barrel storage capacity includes crude oil, […]
The waiting game for renewables in Trinidad & Tobago

From our Editorial Team
October 11, 2018
Written by Julie Taylor As renewable energy continues to boom across the Caribbean region, the stubborn exception to the trend continues to be the Republic of Trinidad & Tobago. In 2018, Trinidad & Tobago (TT) still generates over 99% of electricity from natural gas, with the remainder mostly from diesel fuel. The electricity grid is […]
U.S. ease on Cuba sanctions to benefit foreign oil producers
November 1, 2016
The Obama administration has recognized that lifting sanctions against Cuba is a first necessary step toward the country’s inclusion into International Financial Institutions (IFIs) and its ability to attract foreign private investment. MEO Australia is one of few foreign companies operating in Cuba and has discovered an oil deposit on the northern coast. It expects […]