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LNG

BG Group to sell 40% stake in Chilean LNG terminal for $352 mn

BG Group said on Friday that it is selling its 40% interest in Chilean LNG regasification terminal GNL Quintero to Enagas for up to $352 million.

27 April 2012
Exploration & Production

CNOOC no longer in Mariscal Sucre

A representative for China National Offshore Oil Corp. confirmed to Interfax on Friday that the company had no operations in Venezuela, despite reports last year it had signed a memorandum of understanding with PDVSA to develop the Mariscal Sucre offshore gas project.

27 April 2012
LNG

YPF cash could be drained for Argentina’s LNG bill

It is still unclear who will pay for LNG imports when YPF replaces Enarsa, but a source close to Repsol, speaking on condition of anonymity, was in no doubt on Friday.

27 April 2012
Global Markets

Argentinia's Senate approves YPF expropriation from Repsol

Argentina's Senate approved the expropriation of YPF from Spain's Repsol on Thursday.

26 April 2012
Exploration & Production

Petrobras predicts gas discovery in Camisea field

Brazilian state-controlled company Petrobras said on Wednesday that it expected to find between 227 bcm and 283 bcm of gas in lots 57 and 58 of Peru’s flagship Camisea field, reported Reuters.

26 April 2012
Supply & Demand

Colombia 'may need to import gas' during rainy season

Colombia may need to import gas during a harsh rainy season, said German Castor, director of the country’s Commission for the Regulation of Energy and Gas, in comments reported by CMI.com on Wednesday.

26 April 2012
Pipelines, Storage & Power

GDF Suez considers Chilean exports to Argentina

European utility giant GDF Suez is considering gas exports from Chile to Argentina, which would mark a reversal of flows between the countries while Argentine demand continues to increase. However, an analyst told Interfax that Chilean exports would likely be a temporary, rather than long-term situation.

26 April 2012
Supply & Demand

Kogas taking part in Venezuelan LNG projects

Seoul and Caracas have reached a framework agreement to have Korea Gas Corp. take part in a $10.4 billion project to develop LNG export projects in Venezuela, the Korean Herald quoted the country’s Ministry of Knowledge Economy as saying on Wednesday.

25 April 2012
Exploration & Production

Petrobras denies local requirements hamper developments

Brazilian state-controlled company Petrobras has denied its local content requirements are hampering the country’s development of its hydrocarbon-rich pre-salt deposits.

25 April 2012
Companies & Finance

Nationalisation checks YPF’s foreign ambitions

The nationalisation of Argentina’s YPF has put the future of the company’s international projects in doubt.

25 April 2012
LNG

Guyana’s border claim threatens Venezuelan LNG ambitions

Guyana presented a case to the United Nations in New York on 11 April for extending its continental shelf westward by 240 km.

24 April 2012
Exploration & Production

Guyana-Suriname Basin excitement may benefit Trinidad and Tobago

Trinidad and Tobago’s 2012 deepwater competitive bidding round could benefit from strong interest in the nearby Guyana-Suriname Basin, writes Chris Noon.

24 April 2012
Global Markets

Repsol YPF considers legal action on YPF dispute

Spanish giant Repsol YPF will consider legal action against companies or investors that help Argentina exploit fields that it had planned to drill before it nationalised YPF, the company said on Monday.

24 April 2012
Exploration & Production

Gas condensate found off coast of Falkland Islands

UK explorer Borders & Southern said on Monday it had discovered a significant amount of gas condensate off the coast of the Falkland Islands.

23 April 2012
Global Markets

Argentine Senate to vote on YPF government seizure

Argentina's Senate will vote on the government seizure of YPF, the country's biggest energy company, this Wednesday. If approved, it will proceed to the lower house.

23 April 2012
Exploration & Production

Total to invest $344 million in new Uruguay campaign

Total will drill the first well offshore Uruguay in 40 years by September 2015, leading a new wave of exploration in the country, which has the potential to become a new Atlantic frontier.

23 April 2012
Exploration & Production

Bolivia offers first acreage for six years

Bolivia has launched the first exploration bidding round since the nationalisation of the country’s gas industry in 2006. Analysts, however, believe the country will struggle to attract foreign investment until energy legislation is overhauled.

23 April 2012
Exploration & Production

E.On tempted by Brazilian upstream riches

German giant E.On told Interfax on Monday that it was exploring further possibilities in Brazil that could see it enter the country’s upstream oil and gas sector. It also said that renewables may eventually play a part in its joint venture with a Brazilian independent to develop 20,000 megawatts in Brazil and Chile.

23 April 2012
Global Markets

EU Parliment responds to taking of YPF

The EU parliament on Friday blasted Argentina's move to seize control of Spain’s Repsol YPF’s stake in YPF, and demanded the EU takes action against Buenos Aires at the World Trade Organisation.

20 April 2012
Exploration & Production

Premission for Pluspetrol

Peru will allow Pluspetrol, the consortium working in the country’s flagship Camisea field, to drill in areas of the Amazon jungle that were previously off-limits, according to Dow Jones.

20 April 2012

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