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Exploration & Production

Santos Basin drilling

BG Group said on Thursday that the Brazilian Development Bank had approved a $1.8 billion loan to fund drilling in the pre-salt Santos Basin.

2 March 2012
Supply & Demand

Petrobras record

Brazil’s state-controlled company Petrobras has set a record for gas use. The company’s use rose to 92% in 2011, the best result Petrobras has achieved since 2004.

2 March 2012
Supply & Demand

Peru gas royalties

Peru’s government expects to reach an agreement on gas royalties and domestic supply by April with the consortium active in Camisea, the country’s largest field.

1 March 2012
Global Markets

Bolivia

Bolivia’s President Evo Morales said he may seize oil and gas assets if companies fail to meet investment commitments, La Paz-based daily newspaper La Razon reported.

1 March 2012
LNG

UK majors sweat as Argentina turns up the heat

It is still unclear whether UK LNG suppliers to Argentina will be affected by Buenos Aries' threat to blockade UK products this week.

1 March 2012
Pipelines, Storage & Power

Peru advances gasification plans with Ica pipeline

Gas from Peru’s giant Camisea field is beginning to spread beyond the capital, Lima. Interfax has learned that Colombian utility Empresa de Energía de Bogotá (EEB) will begin building a new gas pipeline across the Ica region that borders Lima by mid-2012, which will nearly double the number of residential gas connections in Peru by 2014.

29 February 2012
Exploration & Production

Market sentiment reverses on Brazilian independent HRT – again

The market performs its second ‘U’-turn on Brazilian independent HRT’s stock, revealing the volatile nature of small explorer equity.

28 February 2012
Pipelines, Storage & Power

TransCanada kicks off Mexico’s pipeline expansion

Canadian pipeline giant announces landmark project in Mexican government’s $10.4 billion initiative to construct 4,500 km of new pipelines.

27 February 2012
Exploration & Production

Colombia steps into unconventional territory

Unconventional gas exploration has become a priority for the Colombian government, and a new bidding round launched last week is designed to catalyse its development.

27 February 2012
Exploration & Production

YPF could allow Chubut drilling rights

Repsol unit YPF could lose its drilling rights in the oil-rich Argentine province of Chubut because of insufficient investment, the region’s governor Martin Buzzi told the Buenos Aires newspaper Pagina.

27 February 2012
Exploration & Production

Repsol and Sinopec make big discovery offshore Brazil

Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area.

27 February 2012
Policy & Regulation

Hollywood and hydrocarbons

Can Sean Penn change gas prices? Perhaps not, but his willingness to wade into Latin American issues has brought the region’s energy politics onto the world stage.

24 February 2012
LNG

BG Group planning to cut stake in Chile LNG

Any potential sale of BG Group’s stake will not affect the 21-year LNG supply contract the company has in place.

24 February 2012
Companies & Finance

Pacific Rubiales' stock surges

Canadian independent Pacific Rubiales saw its stock surge to a nine-month high on Thursday after saying its oil and gas reserves jumped by 52% in 2011.

24 February 2012
Global Markets

Stand-off between Argentine government and YPF continues

The stand-off between the Argentine government and the country’s largest oil and gas company YPF continued on Thursday, with government officials denied permission to enter a board meeting.

24 February 2012
Pipelines, Storage & Power

Hydro will edge out gas for Colombia’s power generation

Colombia looks set to increase its dependence on hydropower during the coming decade, with gas unlikely to gain much traction as a fuel source in the country’s power sector, according to a report released by Fitch Ratings earlier this month.

24 February 2012
LNG

Bolivia’s ‘virtual pipeline’ is symbolic undertaking

Bolivia has issued an international EPC tender for a ‘virtual gas pipeline’ to supply LNG to rural areas by truck, but the country’s former energy minister has said it is a political issue rather than a private sector opportunity

23 February 2012
Exploration & Production

Houston independent hopes to tap Uruguay potential

The chief executive of Houston-based independent Schuepbach Energy has told Interfax that his company hopes to tap Uruguay’s highly prospective Devonian Cordobes shale formation.

22 February 2012
LNG

Pivotal year looms for Uruguay’s energy policy

Uruguayan authorities are facing tough decisions if they want to kick-start exploration this year and remain an attractive destination for investors.

21 February 2012
Exploration & Production

Bidding round for Suriname offshore to launch in 2013

Suriname will launch a bidding round for its offshore Demerara Plateau in the first quarter of 2013, in an attempt to capitalise on the Guyana Basin exploration boom.

20 February 2012

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