07 June 2022

ARPEL incorporates renewable energy to drive energy transformation within the Region

  • By Carlos Garibaldi, Executive Secretary of ARPEL

    Our industry has entered a new era of energy transitions and new risk dynamics. In order to drive the transformation of the oil and gas sector in Latin America and the Caribbean in line with these trends, ARPEL has adopted a new name: Association of Oil, Gas and Renewable Energy Companies of Latin America and the Caribbean.

    This change, put forward by the Association's member companies, also extends to our Vision and Mission: • To be a regional reference in strengthening the industry as a provider of sustainable energy that contributes to the energy transition. • To promote the integration, operational excellence and sustainable development of the oil, gas and renewable energy industry in the region, through cooperation among members and collaboration with its main stakeholders.

    In this new era of transitions, the synergy of the various sources is recognized by ARPEL as a key principle for energy supply. What we see are not dialectical dichotomies, but only tensions between trends that are not mutually exclusive but complementary and, therefore, a potential source of opportunities. In this sense, I would like to share two examples to illustrate the above.

    First, at the intersection of Energy Security and Energy Transitions, we find natural gas, which provides a symbiotic and non-interruptible energy base for renewable energies. As a second example, at the intersection of our industry's Technical Competencies and Energy Transitions, we find, in addition to natural gas, underground carbon capture and storage, geothermal energy, "blue" hydrogen and offshore wind energy.

    ARPEL supports fair energy transitions that rely on the resources of the Latin America and Caribbean countries and on our industry’s competence, and which also take into account the diverse energy idiosyncrasies of the countries of our region. Moreover, they must ensure that their populations have the necessary energy supplies at affordable costs for their sustainable development.

    In short, we are promoting the transformation of the oil and gas sector in the region in times of energy transitions and new risk dynamics. This is, in fact, the goal of our ARPEL 2022 Conference, which will take place in Lima, Peru, from November 14 to November 16. We look forward to seeing you at the sixth edition of the ARPEL Conference to discuss the present and future of our industry.

MORE NEWS

24 November 2022

DEMERARA BID ROUND 2022/2023

Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., is pleased to announce the launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara acreage ...
16 November 2022

THE OIL AND GAS INDUSTRY IN LATIN AMERICA TAKES THE CHALLENGE OF SEEKING SUSTAINABILITY WITH A STRONG SOCIAL AND ENVIRONMENTAL COMMITMENT

At present, the oil and gas sector challenges are not just in the exploration and production areas. Sustainability, transparency, energy transition and climate change mitigation are the factors that rule the industry management. • Sustainability, human rights and the environment protection are no longer options but requirements to operate legitimately in the sector. • Limiting global warming to levels ranging between 1.5 and 2°C will require substantial changes ...