Venezuela transferred participation rights for Phase II of the Loran gas field to a consortium comprising BP, XRG PJSC, and UCC Oil and Gas. Located along the maritime border with Trinidad and Tobago, the Deltana Platform block holds over 4Tcf of proven natural gas resources. In other news, Atera Energy launched in Mexico with a US$350 million investment through 2030 to develop on-site power generation and efficiency projects. The capital deployment forms part of a US$500 million Latin American strategy targeting rising electricity demand from industrial nearshoring and data centers.
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Venezuela Awards Loran Offshore Gas Field to BP Consortium
Venezuela signed an agreement transferring participation rights for Phase II of the non-associated natural gas exploration and exploitation license for the Loran field, located in Block 2 of the Deltana Platform, to a consortium comprising BP Exploration Caribbean, UAE-based XRG PJSC, and Qatar-based UCC Oil and Gas Holding LLC. Located along the maritime boundary with Trinidad and Tobago in the Deltana Platform, the field contains over 4Tcf of proven gas resources.
CIP Secures US$3 Billion for Growth Markets Fund II
Copenhagen Infrastructure Partners (CIP) has finalized fundraising for the second vintage of its Growth Markets Fund (GMF II), securing approximately US$3 billion in commitments across the fund and its associated vehicles. The vehicle expands CIP’s ability to connect institutional capital with high-quality renewable energy projects in key growth markets with infrastructure needs.
CNE Mandates Temporary Fuel Self-Consumption Registry
The National Energy Commission (CNE) has implemented a temporary registration program for individuals and companies currently performing fuel self-consumption dispatch activities in Mexico.
Atera Energy Enters Mexico With US$350 Million On-Site Power Plan
Atera Energy announced its official launch in Mexico with an initial investment of US$350 million through 2030 to develop on-site power generation and industrial energy efficiency projects. The capital deployment represents the primary share of a broader US$500 million regional investment strategy across Latin America, designed to address expanding electricity demand driven by industrial nearshoring and the rapid growth of artificial intelligence data centers.