A rig in the Gulf of Mexico. (Anadarko) Exploration & Production

Mexico seeks to solve deepwater ‘mystery’

Mexico has gathered mountains of offshore data in recent years. But it is unclear if it will be enough to tempt a supermajor into deepwater gas production.

By Chris Noon 27 July 2017
Supply & Demand

Sluggish Latin economies will hit demand – IEA

The IEA is bullish on South American LNG demand, putting it at odds with the Oxford Institute for Energy Studies.

17 July 2017
Exploration & Production

Exxon signs PSC for Suriname’s Block 59

ExxonMobil has signed a production-sharing contract for deepwater Block 59 offshore Suriname with state-run company Staatsolie Maatschappij Suriname.

14 July 2017
Exploration & Production

YPF planning to boost output at Santa Cruz

Argentine state-run company YPF plans to boost oil and gas production in the giant Patagonian province of Santa Cruz.

14 July 2017
The Dolphin platform off the Trinidadian coast. (BG Group) Exploration & Production

BP projects will turn tide in Trinidad in 2019 – expert

Projects controlled by BP’s Trinidadian unit are the Caribbean country’s best hope of boosting its gas production, which has slumped in recent years.

14 July 2017
Exploration & Production

Vaca Muerta set for big rise in oil and gas output – Woodmac

Wood Mackenzie has forecast a significant increase in oil and gas production from existing projects in Argentina’s Vaca Muerta formation.

13 July 2017
Exploration & Production

Mexico awards 21 of 24 offered licences in ‘Round 2.3’

Mexico’s government received a boost on Wednesday as it awarded 21 exploration and production licences out of a total of 24 onshore oil and gas blocks offered in an auction known as ‘Round 2.3’.

13 July 2017
Global Markets

Argentine import tax cut angers domestic manufacturers

Argentina’s import tax cut on used oil and gas field equipment has provoked anger from the country’s domestic manufacturers.

12 July 2017
Pipelines, Storage & Power

Mexico voids first pipeline capacity auction over low interest

Mexico’s National Gas Control Centre has voided the country’s inaugural auction for annual capacity on state-run utility CFE’s cross-border pipeline network because of a lack of interest.

12 July 2017
Companies & Finance

BP and Siemens consider Brazilian gas-to-power project

BP and Siemens could invest in a $3 billion gas-to-power project in the Brazilian port of Açu, Business News Americas reported on Tuesday.

12 July 2017
Companies & Finance

Pemex to farm out projects in 2018

Mexican state-run Pemex is likely to farm out several projects in 2018.

11 July 2017
Exploration & Production

Brazil’s deepwater fields as profitable as shale – Total CEO

Output from Brazil’s deepwater fields can be as profitable as shale gas, Total Chief Executive Patrick Pouyanné has said.

11 July 2017
Exploration & Production

Trinidad to end production decline by 2019

Trinidad and Tobago is expected to break the trend of declining gas production in 2019 as a result of new gas discoveries and recently sanctioned projects.

11 July 2017
A deepwater drilling rig in Brazil. (Anadarko) Exploration & Production

Chinese investment boosts Brazil’s pre-salt prospects

China bailed out cash-strapped Petrobras in 2016. Now, CNPC is staking a claim in Brazil’s pre-salt sector.

11 July 2017
Pipelines, Storage & Power

Peru to re-auction pipeline project over missed deadlines

Peru’s government will re-auction a project for the giant Gasoducto Sur Peruano pipeline project in H1 2018.

10 July 2017
LNG

Mexican utility launches tender for LNG cargoes in September

Mexican state-run utility CFE has launched a tender for three LNG cargoes for delivery in September.

10 July 2017
Companies & Finance

Petrobras to sell off Paraguayan operations

Brazilian state-controlled oil company Petrobras is seeking to sell all its operations in Paraguay.

10 July 2017
Exploration & Production

Mexico to hold four more auctions by November 2018

Mexico expects to launch four more oil and gas auctions during the current presidential term, which runs until November 2018.

10 July 2017
LNG

Peru LNG swaps Mexican customers for Spanish

The premium of European prices to the Henry Hub benchmark suggests that Peru LNG, and its sole offtaker Shell, will continue to court the continent rather take its cargoes to Mexico.

10 July 2017
Companies & Finance

GE and YPF win $220 mln in finance for Argentine gas power plants

Subsidiaries of United States giant GE and Argentine state-run YPF have secured around $220 million in project financing for two jointly owned thermal power plant projects in Argentina

6 July 2017
Pipelines, Storage & Power

CFE to auction 62 MMcm/d of pipeline capacity

CFE Energia, the fuel subsidiary of Mexican state-run utility CFE, will auction 62.3 million cubic metres per day of capacity across four cross-border pipelines transporting gas from the United States.

6 July 2017

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