A gas-fired power plant in Brazil. (Petrobras) Pipelines, Storage & Power

Prumo bails out Bolognesi in Brazil

A Brazilian logistics giant is rescuing one of Bolognesi’s hyped LNG-to-power megaprojects. But can it save the other?

By Chris Noon 20 July 2017
Companies & Finance

Argentina settles legal dispute with Total

Argentina has settled a legal dispute with Total over what the supermajor claimed was $1 billion in losses.

21 July 2017
Exploration & Production

Mexico sets date for next round of deepwater auctions

Mexico has set 31 January as the date for the next round of deepwater auctions for acreage in its highly prospective Gulf of Mexico territory.

21 July 2017
Exploration & Production

Brazil to offer 287 blocks in 14th bid round

Brazil will offer 287 blocks in onshore and offshore basins in its 14th bid round .

21 July 2017
Exploration & Production

Mexico will reveal deepwater blocks this week

Mexico will announce the bid terms and blocks on offer in the country’s deepwater auction this week.

19 July 2017
Exploration & Production

YPF, Total and others announce $1.15 bln Vaca Muerta investment

YPF, Total, Wintershall Energía and BP-owned unit Pan American Energy are making a joint investment of $1.15 billion to increase shale gas production in Argentina‘s Vaca Muerta formation.

19 July 2017
Global Markets

Renewables will meet 48% of Brazilian power demand by 2026 – report

Renewables will account for around 48% of Brazil’s energy demand of 351 mt of oil equivalent in 2026, according to a report released by federal energy planning authority EPE.

18 July 2017
Exploration & Production

Petrobras production up 2.9% in H1

Petrobras’s domestic and foreign oil and gas production increased by 2.9% in H1 2017 compared with the same period in 2016.

18 July 2017
A wellpad in the Vaca Muerta shale, Argentina. (YPF) Exploration & Production

Vaca Muerta undercuts best US plays – report

Argentina’s Vaca Muerta is outshining several US plays, but it has some way to go before it rivals the mighty Marcellus.

18 July 2017
Companies & Finance

Chilean distributor GasValpo up for sale

Australian infrastructure fund Whitehelm Capital has put Chilean gas distributor GasValpo up for sale.

17 July 2017
Companies & Finance

Shell in talks with Brazil’s Cosan over Comgás share swap

Shell is in talks to trade its shares in São Paulo gas distributor Comgás for a slice of Brazilian conglomerate Cosan.

17 July 2017
Supply & Demand

Sluggish Latin economies will hit demand – IEA

The IEA is bullish on South American LNG demand, putting it at odds with the Oxford Institute for Energy Studies.

17 July 2017
Exploration & Production

Exxon signs PSC for Suriname’s Block 59

ExxonMobil has signed a production-sharing contract for deepwater Block 59 offshore Suriname with state-run company Staatsolie Maatschappij Suriname.

14 July 2017
Exploration & Production

YPF planning to boost output at Santa Cruz

Argentine state-run company YPF plans to boost oil and gas production in the giant Patagonian province of Santa Cruz.

14 July 2017
The Dolphin platform off the Trinidadian coast. (BG Group) Exploration & Production

BP projects will turn tide in Trinidad in 2019 – expert

Projects controlled by BP’s Trinidadian unit are the Caribbean country’s best hope of boosting its gas production, which has slumped in recent years.

14 July 2017
Exploration & Production

Vaca Muerta set for big rise in oil and gas output – Woodmac

Wood Mackenzie has forecast a significant increase in oil and gas production from existing projects in Argentina’s Vaca Muerta formation.

13 July 2017
Exploration & Production

Mexico awards 21 of 24 offered licences in ‘Round 2.3’

Mexico’s government received a boost on Wednesday as it awarded 21 exploration and production licences out of a total of 24 onshore oil and gas blocks offered in an auction known as ‘Round 2.3’.

13 July 2017
Global Markets

Argentine import tax cut angers domestic manufacturers

Argentina’s import tax cut on used oil and gas field equipment has provoked anger from the country’s domestic manufacturers.

12 July 2017
Pipelines, Storage & Power

Mexico voids first pipeline capacity auction over low interest

Mexico’s National Gas Control Centre has voided the country’s inaugural auction for annual capacity on state-run utility CFE’s cross-border pipeline network because of a lack of interest.

12 July 2017
Companies & Finance

BP and Siemens consider Brazilian gas-to-power project

BP and Siemens could invest in a $3 billion gas-to-power project in the Brazilian port of Açu, Business News Americas reported on Tuesday.

12 July 2017
Companies & Finance

Pemex to farm out projects in 2018

Mexican state-run Pemex is likely to farm out several projects in 2018.

11 July 2017

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