Roundup: Chile's Gasco, Peru ethanol, Trinidad survey
Chilean natural gas distributor Gasco reported that Innergy Holdings, Gasoducto del Pacífico (Chile), Gasoducto del Pacífico Cayman and Gasoducto del Pacífico (Argentina) are now subsidiaries.
The change is the result of a US$9.35mn transaction that entailed the purchase of a 30% stake in the companies held by Transcanada units, Gasco said in a filing to Chile's securities regulator SVS.
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Maple Energy said it identified a number of alternative operational proposals for the company's Peru ethanol business.
"The proposals, which may or may not involve the ethanol plant being restarted, are all reliant on working capital support from the senior lenders," according to a company statement.
The plant was shut down in mid-August, initially for a period of 12 weeks, as the sugar cane crop had not yet reached the age where it was suitable for harvesting, Maple said.
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LGO Energy announced it is preparing an airborne survey over all areas under lease in the Cedros peninsula, onshore Trinidad.
"The Cedros peninsula, where LGO already has production from the shallow Icacos oilfield, is significant as it is largely unexplored with regard to deep potential and in its close proximity to the prolific east Venezuelan basin," the company said in a release.
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