Oil & Gas

ENAP to postpone projects in Ecuadorian Amazon


Chile's state oil company ENAP is set to postpone projects in the Ecuadorian Amazon as a result of the oil price decline. According to reports, both the country's central government and local authorities have agreed to the move. Last month, Ecuador signed an $82million production contract with ENAP for the oil block Paraiso-Biguno-Huachito.

Renewables/Energy Transition

Northern Chile becomes top market for renewables


With the sunniest desert on Earth, a windswept coast and limited fossil fuel supplies, northern Chile has become the world’s top market for renewable energy. The government of President Michelle Bachelet has approved 76 solar and wind projects since taking power March 11. Renewable energy developers are pursuing contracts to deliver electricity to mines run by by companies including Anglo American Plc (AAL) and BHP Billiton Ltd (BHP), which consume a third of the country’s power.