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Exploration & Production

Repsol and Eni to make Cardon IV FID by year end

Repsol YPF and Eni will make a final investment decision (FID) on the Cardon IV project before the end of the year, paving the way for the development of the first giant Venezuelan gas field.

25 November 2011
Pipelines, Storage & Power

Bolivia’s Uruguay export plans stay above water

Bolivia, South America’s largest gas exporter, has scrapped a planned pipeline to neighbouring Paraguay and Uruguay in favour of an ambitious waterway gas transport route.

23 November 2011
LNG

Cash-strapped Jamaica seeks better LNG deal

Jamaica is unlikely to see LNG imports before 2014, two years later than originally planned, after the government re-tendered a contract to build a floating LNG facility.

22 November 2011
Exploration & Production

TNK-BP to bid in new Brazil oil and gas tenders

TNK-BP plans to participate in Brazil’s oil and gas tender, Executive Vice-President for International Projects and Geological Exploration Chris Einchcomb told journalists on Monday.

21 November 2011
Exploration & Production

Argentina shale exploration favours oil to gas

Shale exploration in Argentina’s high-potential Neuquen Basin is likely to favour oil deposits over gas until the country’s energy prices are liberalised.

21 November 2011
Companies & Finance

Russia’s role in Latin America

TNK-BP’s $1 billion farm-in deal in Brazil is just the latest Russian investment in Latin America, but it is also the first made outside Moscow’s traditional sphere of influence.

18 November 2011
Supply & Demand

Industrial plants drive Brazil demand growth

Industrial consumption continues to drive Brazilian gas demand, state-owned energy company Petrobras said on Wednesday in its third quarter results presentation.

17 November 2011
LNG

The Camisea effect in Peru

Booming production and favourable prices are rapidly making gas the dominant fuel in Peru’s economy. Interfax looks at the impact this has on the country’s energy industry.

16 November 2011
Policy & Regulation

Argentina takes first step to liberalise gas market

Argentina’s government last week raised gas and electricity prices for private industries in a promising step forward for domestic gas market liberalisation. But much bolder action will be needed to nurse the sector back to health.

15 November 2011
Pipelines, Storage & Power

Regional power line boosts LNG import prospects

Central America will be closer to becoming a natural gas user when the first regional power interconnector launches next year. But experts warn better power market integration will be required to make LNG imports in the energy poor region financially feasible.

15 November 2011
Exploration & Production

Ratings agency bullish on Latin American sector

High capital spending will continue to drive the growth of the Latin American oil and gas sector in 2012, ratings agency Moody’s said in a report published earlier this week.

11 November 2011
Exploration & Production

BP announces discovery in Brazil’s pre-salt layer

UK-based BP announced on Wednesday that it had discovered gas at one of its blocks in the Brazil’s ultra-deep pre-salt layer.

9 November 2011
Policy & Regulation

Mexican incentives mark partial improvement

Mexico’s state-controlled company Pemex is converting some service contracts at its flagship gas field into performance-based agreements as it seeks to boost stagnant production.

8 November 2011
Companies & Finance

Bad blood after BP’s $7 billion Argentine deal collapses

A BP spokesman has told Interfax that the company is not concerned by the collapse of a $7 billion deal to sell its 60% stake in Pan American Energy to Bridas, a joint venture involving Argentina’s Bridas Energy Holdings and state-controlled China National Oil Corp. (CNOOC).

7 November 2011
LNG

Uruguay to double gas-to-power capacity by 2013

Uruguay will more than double its gas-to-power capacity by 2013 in preparation for the launch of its LNG regasification terminal, Interfax has learned.

7 November 2011
Exploration & Production

Mexico’s shale ambitions require open markets

Mexico’s need for assistance with hydraulic fracturing could be the catalyst for further foreign investment in the country.

4 November 2011
Exploration & Production

Peru bidding round delayed by indigenous law

The head of Peru’s oil and gas regulator has told Interfax that the country’s eagerly awaited 2011 oil and gas bidding round will be delayed until the first quarter of 2012 in order to accommodate a new law on community consultation.

4 November 2011
Companies & Finance

OSX reaches financial close on $850 million Brazil FPSO vessel

Brazilian developer OSX has reached financial close on a $850 million commercial debt package for the construction of a floating, production, storage and offloading (FPSO) vessel for use at pre-salt reserves offshore the Latin American state.

4 November 2011
Exploration & Production

Petroperu to re-join upstream fray next year

Humberto Campodónico, the president of state-controlled Petroperu, has told Interfax that the company will return to upstream activities next year, acquiring stakes in both existing and new oil and gas projects. He also said that the company was close to various deals for midstream projects.

3 November 2011
LNG

YPF to join Uruguayan LNG project

Chilean utility GasAtacama is betting on cheap United States LNG exports to drive growth in the country’s mining industry, the company’s commercial manager Pedro De la Sotta told Interfax on the sidelines of the Southern Cone Energy Summit in Lima on Wednesday.

3 November 2011

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