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Policy & Regulation

YPF exploration focus narrows as Salta revokes a concession

Salta became the fifth Argentina province to revoke oil and gas concessions held by YPF, but the moves still appear to be political posturing, with the company holding onto fields that provide most of its output.

27 March 2012
Policy & Regulation

Time is running out for Bolivia

Despite the grandiose infrastructure plans, Bolivia’s domestic gas sector is stagnating. As neighboring Brazil and Argentina build alternative supply channels, Bolivia’s time to develop alternative markets for its gas is running out.

26 March 2012
Global Markets

Currency ratings downgrades

Ratings agency Moody's said on Monday that it had downgraded the currency ratings of five companies active in Argentina because of government interference in the oil and gas sector and increased unpredictability in the country.

26 March 2012
Policy & Regulation

Political temperature rises over Chevron spill

The Brazilian government’s handling of the Chevron oil spill reveals the creeping politicisation of the country’s energy industry, local lawyers have told Interfax.

26 March 2012
LNG

Uncertain supply outlook prevents Brazilian LNG terminal decisions

No decision has been made for a fourth LNG regasification terminal in Brazil, because of the difficulty of gauging domestic supply and demand, a Petrobras executive told the Rio Gas Forum on Thursday.

23 March 2012
Exploration & Production

Brazil’s Sao Francisco basin has ‘mind-boggling’ potential

Brazil has a huge unconventional gas opportunity in the Sao Francisco river basin, with up to 600 trillion cubic feet (17 trillion cubic metres) of recoverable reserves, a Wood Mackenzie consultant told the Rio Gas Forum on Thursday. However, challenges related to infrastructure and demand could limit the growth of the industry, he added.

23 March 2012
Companies & Finance

Petersen’s future in YPF hangs in balance

Petersen Group’s 25% stake in Argentina’s largest energy company YPF is threatened by an escalating standoff with the government, analysts have told Interfax. The Argentine holding has until May to repay a $1 billion loan it took to buy YPF shares from parent Repsol YPF.

23 March 2012
Companies & Finance

Brazilian engineer prices bonds for FPSO project

Brazilian engineering firm OSX is pushing ahead with a bond issue to raise $500 million for its third floating, production, storage and offloading vessel. The notes are due in March 2015 and are priced at 9.25%.

23 March 2012
Exploration & Production

HRT plans to drill fifth Amazon well in April

Brazilian explorer HRT Participações em Petróleo, which has yet to convince the market it can commercialise a string of gas discoveries in the Amazon rainforest, is likely to drill its fifth well sometime in April.

22 March 2012
Supply & Demand

Brazil LNG imports

LNG imports will constitute up to 30% of Brazil’s total supply by 2014, Aziz Bamik, business development director at French marine engineering company GTT, told the Rio Gas Forum on Wednesday.

22 March 2012
Exploration & Production

Brazil has room for infrastructure improvement, say execs

Gas consumption in Brazil has huge potential, but infrastructure improvements on gas-to-power projects and in remote areas are critical to the development of the industry in the country, executives told the Rio Gas Forum on Wednesday.

22 March 2012
Policy & Regulation

Brazil’s 11th bidding round hit by further delay

Brazil’s latest bidding round is waiting for the go-ahead from the country’s energy policy council, but conference delegates in Rio de Janeiro are sceptical of the proposed timeframe.

22 March 2012
Policy & Regulation

Argentine incentives may not fix production woes

More fields will be included in Argenitina’s gas production incentive scheme, but the terms still don’t look attractive enough

21 March 2012
Companies & Finance

Postcard from Copacabana

Chevron’s Brazilian debacle is front-page news in the country. But the man on the street just wants high standards – and fairness.

21 March 2012
Supply & Demand

Panama LNG imports

Panama plans to import LNG in 2015 with the help of the expanded Panama Canal and Repsol YPF’s regional supply.

20 March 2012
Exploration & Production

Market fails to react to HRT gas discoveries

HRT needs to find oil or prove it can sell its gas resources to convince the market of its high-impact exploration campaign in northern Brazil.

20 March 2012
Exploration & Production

Ecuador will need foreign help to exploit new reserves

Ecuador’s discovery of a gas field with proven reserves of 1.7 trillion cubic feet (48.1 billion cubic metres) last week increased its resources by 600%, and was an immediate coup for its new exploration campaign, which was announced in February 2012. Despite confounding analysts’ expectations over exploration, Petroecuador’s attempts to extr

20 March 2012
LNG

Panama eyes LNG imports after canal expansion

Panama is hoping to become the first Central American country to introduce gas into its energy matrix.

20 March 2012
Global Markets

Neuquen prices authorised

Local media has reported that Argentina's Energy Secretariat has authorised Houston-based Apache to sell gas from a field in the Neuquen Basin at prices that are above the domestic average.

19 March 2012
Global Markets

Transocean and Chevron execs barred from leaving Brazil

Brazilian authorities have barred a group of Transocean and Chevron executives from leaving the country, the Wall Street Journal reported on Sunday, which suggests formal criminal charges may follow for the executives' alleged roles in a deep-water oil spill last year.

19 March 2012

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