Latin America & Caribbean

Exploration & Production

Golden age of gas in Trinidad and Tobago may be over

Large explorers will turn their attention to midstream opportunities, given scant upstream potential in Trinidad and Tobago.

26 October 2011
Exploration & Production

Global slowdown will hit Brazil’s independents hardest

Analysts say that the country’s smaller independent oil and gas operators may experience cash flow problems this year and next, which will force them to scale back drilling ambitions.

25 October 2011
Global Markets

Argentine elections

Argentine President Cristina Fernandez de Kirchner is heading for a landslide election victory, according to early results.

24 October 2011
Companies & Finance

TNK-BP deal on Brazil project delayed

The TNK-BP deal on the Solimoes project in Brazil has been delayed because negotiations with the project's majority shareholder, Brazilian independent HRT Participacoes em Petroleo, have not been completed, a source familiar with the situation told Interfax on Monday.

24 October 2011
Companies & Finance

BG Group struggles to exit Argentine distribution business

UK-based BG Group is still unable to offload its stake in Argentina’s debt-ridden gas distribution company MetroGAS, because of a host of political and regulatory obstacles.

21 October 2011
Companies & Finance

Repsol Gas Brasil sold

Repsol said on Thursday that it had agreed to sell its liquefied petroleum gas distribution subsidiary, Repsol Gas Brasil, to Brazilian company Ultragaz, for $27.6 million.

21 October 2011
Companies & Finance

BPZ joins North American trend of ‘cross-listers’

Houston-based BPZ Resources, whose entire operations are based in Peru and Ecuador, has been given approval to list on Lima’s Bolsa de Valores (BVL) stock exchange.

20 October 2011
Pipelines, Storage & Power

New pipeline raises prospects of Amazon exports

Brazilian state-controlled company Petrobras has won regulatory approval for a 140 km pipeline linking the Juruá gas field deep in the Amazon rainforest to the Urucu hub near the city of Manaus.

19 October 2011
Policy & Regulation

Argentina’s shale and subsidy conundrum

In the second story looking at prospects for Argentina’s gas industry ahead of the presidential election on 23 October, Chris Noon examines the likely long-term subsidy environment in the country.

18 October 2011
Companies & Finance

Doubts linger over Bolivia’s ambitious investment targets

Bolivia expects major energy companies to invest a record $1 billion in gas and other hydrocarbons exploration in 2012, state-controlled YPFB said in a statement Monday.

18 October 2011
LNG

Aruba is the latest Caribbean convert to gas

Gas will provide over half of Aruba’s energy needs by early 2013 under the government’s ambitious overhaul of the energy system, Interfax has learned.

14 October 2011
Exploration & Production

Repsol-YPF pledges up to $3 billion for Peru

Spanish company Repsol-YPF expects to invest up to $3 billion in Peru in the next five years, it said in a statement on Thursday. The news will be a resounding endorsement of Peru’s newly stable investment climate.

14 October 2011
Exploration & Production

Pan American aims for $1 bln in offshore, shale investments

Argentine oil and gas producer Pan American Energy is planning to invest $1 billion in offshore and shale gas exploration next year, despite rumours that BP’s sale of its stake in the company has hit a roadblock, according to news reports on Wednesday.

13 October 2011
Policy & Regulation

Argentina on the brink

In the first part of this two-part series ahead of Argentina’s presidential election on 23 October, Chris Noon examines how the country’s comatose energy policy has given it an LNG addiction.

13 October 2011
Exploration & Production

Protests put huge swathes of Bolivia off-limits

Around one sixth of Bolivia’s territory has been closed to exploration under a new ban on drilling activities in environmentally sensitive areas, Interfax has learned.

12 October 2011
LNG

Brazil to fuel floating boom, despite FLNG coolness

The exploitation of Brazil’s ultra-deep ‘pre-salt’ fields means that Latin America will account for half of the world’s $68 billion Floating Production System (FPS) market over the next five years.

12 October 2011
LNG

Trinidad and Tobago sees United States exports slump

The Trinidad and Tobago government will spend $2.5 billion on oil and gas projects next year as the Caribbean country addresses dwindling production, and slumping LNG exports to its two largest customers, the United States and Spain.

11 October 2011
Pipelines, Storage & Power

Petrobras CEO: Pipelines to deliver pre-salt gas

The Petrobras chief executive has said that although the financial terms of FLNG proposals are attractive, pipelines remain the favoured form of transit for Brazil’s pre-salt bounty.

11 October 2011
Exploration & Production

Weekend brings even closer Russo-Venezuelan ties

Venezuela will have access to around $6 billion of Russian funds until 2013 as Moscow attempts to gain access to oil and gas fields in the Latin American country.

10 October 2011
Companies & Finance

BG Group tight-lipped on Brazil asset sale

A Brazilian newspaper has suggested that UK-based BG Group may sell some of its Brazilian assets as it attempts to raise capital for a $30 billion investment plan through 2020.

10 October 2011

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