Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol) Exploration & Production

Tecpetrol casts a wide net in Vaca Muerta

Drilling in Argentina’s Vaca Muerta can be hit-and-miss, but local independent Tecpetrol is spreading its bets with a 150-well programme.

By The Wildcat 27 March 2017
Exploration & Production

Argentina’s explorers chase gas, not oil

Upstream activity has waned in Argentina, according to ministry data. But the numbers tell another story – it is more gas-focused than ever before.

27 March 2017
Exploration & Production

Tecpetrol will plough $2.3 bln into Vaca Muerta by 2019

Tecpetrol, a subsidiary of Argentine industrial giant Techint Group, has announced it plans to invest $2.3 billion in the country’s Vaca Muerta shale formation between now and 2019.

24 March 2017
Former Neuquén Governor Jorge Sapag (right). Plans for the province have met resistance. (Govt of Neuquén) Exploration & Production

Argentina’s new deal causes union bluster

Buenos Aires is seeking to relax strict health and safety rules for drillers in Vaca Muerta, but the country’s unions are not happy.

23 March 2017
Policy & Regulation

IEA chief praises Argentina’s reforms

The head of the International Energy Agency has hailed Argentina’s efforts to implement market-friendly energy reforms.

22 March 2017
Companies & Finance

Gas Natural to complain against Colombian asset seizure

Spanish giant Gas Natural is set to file a €1.0 billion complaint against Colombia in response to Bogotá’s seizure of the company’s power supply business in the country.

22 March 2017
LNG

Mexico’s CFE extends LNG cargo tender

Mexican state power utility CFE has extended a tender to buy two LNG cargoes in April.

22 March 2017
Supply & Demand

Domestic demands cut into Trinidad LNG exports

Trinidad and Tobago’s LNG production has declined for the past two years because of a lack of development and the diversion of gas supplies to meet the country’s domestic needs.

21 March 2017
Trinidad’s Hibiscus platform. The facility could soon receive gas from Venezuela’s Dragón field. (Shell) Global Markets

Trinidad hails ‘landmark deal’ with Venezuela, Shell

Venezuela should be comfortable with a deal to export gas from its offshore Dragón field to Trinidad, experts say.

20 March 2017
LNG

Latin demand for US LNG dries up

Mexico was the only Latin American customer for US LNG in January, with summertime demand vanishing in Brazil, Argentina and Chile.

20 March 2017
Exploration & Production

Petrobras ruling may not lead to block sales

A ruling by a Brazilian court on Petrobras’s divestment programme on Wednesday may not lead to sales of company-owned blocks

17 March 2017
A tanker at the Guanabara LNG terminal. Brazil used less than 50% of its regas capacity in 2016. (Golar LNG) LNG

Brazil seeks to kick life into idle LNG terminals

Brazil’s LNG terminals lay idle for much of 2016. The country needs new rules and new players to get things moving, says a Petrobras manager.

17 March 2017
Exploration & Production

Venezuela to export gas via Shell’s Hibiscus platform

Venezuela’s state-owned PDVSA has agreed a deal with Shell and Trinidad & Tobago’s state-owned National Gas Co. to export gas to the Anglo-Dutch major.

16 March 2017
Companies & Finance

Brazilian court rules Petrobras must restart divestment plan

A Brazilian federal audit court has ruled that Petrobras should proceed with its divestment programme.

16 March 2017
Senator John Cornyn (left) speaking in Congress in 2014. (PA) Pipelines, Storage & Power

US-Mexico gas exports on NAFTA agenda – senator

US gas exports to Mexico will be a topic in the forthcoming NAFTA talks, a Texan senator has told Interfax Natural Gas Daily.

13 March 2017
LNG

Trinidad’s LNG production falling back to 2004 levels

Trinidad’s LNG production is now just above levels seen in 2004 – when the country had fewer liquefaction trains.

13 March 2017
Shell CEO Ben van Beurden at CERAWeek 2017 by IHS Markit (IHS Markit) Exploration & Production

Shell CEO sunny on shale, warns of gathering storm

Shell has had a good month, in which it drilled Argentina’s cheapest-ever unconventional well. But the supermajor’s CEO had his mind on other matters on Thursday.

10 March 2017
Exploration & Production

Gas drilling falls in Latin America in February

Gas-focused drilling slumped in Latin America in February 2017 despite showing signs of life in January.

9 March 2017
Exploration & Production

Mexican environment agency prepares unconventional guidelines

Mexico’s environmental agency is set to announce guidelines for unconventional oil and gas development by the end of the month.

8 March 2017
Exploration & Production

Brazil to announce areas for third pre-salt round soon – Oddone

Brazilian authorities will announce a list of areas to be offered in the country’s third pre-salt round in the coming weeks.

8 March 2017
Exploration & Production

Total set to increase activity in Vaca Muerta – Hourcard

Total is set to announce that it is boosting its activity in Argentina’s Vaca Muerta shale play, a company executive has said.

8 March 2017

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