Roundup: Biofuel pilot, LatAm backlog, rig metrics

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Friday, February 27, 2015

Guatemala's energy and mines ministry launched a pilot of an ethanol admixture project (pictured), results from which will be used to create a national initiative.

The four-month trial will be with E5 and E10 admixtures, the ministry said in a statement. The Organization of American States and the governments of Brazil and the US are providing support.

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The ministry said that five distilleries operate in Guatemala that produce 65Mg(246Ml)/year of ethanol. Some 36Mg/year are needed for a countrywide 10% admixture.

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Engineering and construction company Técnicas Reunidas reported that its backlog in Latin America for fiscal year 2014 accounted for 26% of the group's total project backlog of 8.412bn euros (US$9.425bn).

The company highlighted awards it picked up in 2014 for projects including refineries Minatitlán (Mexico) and Talara (Peru) and power plants Nodo Energetico del Sur (Peru) and Los Mina (Dominican Republic.)

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In a presentation, Rowan Companies said that its current offshore jack-up rig operating costs in Trinidad and Tobago range from the mid US$60k/day to the low US$70k/day.

The company's rigs in the country are Gorilla III and EXL II, on contract through the first quarter 2016 and 2Q17.

BNamericas will host its 3rd Mexico Oil & Gas Summit on April 15-16, and its 3rd Mexico Electric Power Summit on May 13-14, both in Mexico City.