Latin America & Caribbean

Pipelines, Storage & Power

Mexico to invest $8 billion in pipeline network with US

Mexico is looking to invest $8 billion to expand its 5,500 mile (8,851 km) gas pipeline network with United States reserves, The Houston Chronicle reported on Sunday.

20 August 2012
Supply & Demand

Cusiana blockade threatens central Colombia’s gas supply

Protests at the Cusiana-Cupiagua field complex have put a third of Colombia’s gas supply at risk.

20 August 2012
Pipelines, Storage & Power

Bolivia launches biggest domestic pipeline

Bolivia has launched its largest internal gas pipeline, which will expand the domestic market by a fifth. State-controlled YPFB began operating the last section of the Gasoducto Carrasco-Cochabamba (GCC) pipeline on 2 August, doubling the trunkline’s carrying capacity to 3.4 million cubic metres per day.

17 August 2012
Supply & Demand

Peru exports hit by sluggish global economy

The sluggish demand has decreased the country’s trade surplus, which came in at $442 million in June.

16 August 2012
Companies & Finance

Brazil's oil and gas industry will spend $45 bln in 2012, says Petrobras

Brazil’s oil and gas industry will spend $45 billion in 2012, Maria das Graças Foster, chief executive of state-controlled Petrobras, told reporters on Monday, according to Reuters.

14 August 2012
Pipelines, Storage & Power

Panamanian power producers eye gas

Panama’s power producers are planning to become the first Central American gas consumers following the introduction of a new gas law. Three power producers, representing half of Panama’s total installed thermal capacity, are interested in switching to gas.

14 August 2012
Policy & Regulation

Rosier rates are contagious in Argentina

The move is significant for a country that has over two million natural gas vehicles (NGVs), which is nearly 15% of the world’s total.

13 August 2012
Policy & Regulation

Argentina widens concessions, but keeps tight grip on sector

Argentina’s much-needed 26% increase in offtake gas prices for power clients improves the economics of new field developments. However, as Buenos Aires gives with one hand, it takes away with the other, passing a decree abolishing free energy price movements.

10 August 2012
Exploration & Production

Nexen, Inpex, JGC close ‘slow-burn’ Canadian gas shales deal

Canada’s Nexen and a consortium of Japanese companies have closed a delayed shale gas joint venture deal in western Canada, but low prices and a lack of customers may impede the area’s near-term development.

9 August 2012
Exploration & Production

‘No clarity’ over Brazilian bid round

There is still no clarity over a date for Brazil’s much-delayed 11th bidding round, the head of the oil and gas division at the country’s Odebrecht conglomerate said on Wednesday.

9 August 2012
Pipelines, Storage & Power

Shining Path insurgents blight Peru’s gas future

The new threat of Shining Path guerillas is complicating the much-needed development of Peru’s gas transport infrastructure.

7 August 2012
Global Markets

Colombia harbours gas futures ambitions

Colombia has set itself the ambitious task of becoming the first Latin American country to trade gas futures by next year

6 August 2012
Companies & Finance

YPF has grand plans, but empty pockets

Argentina’s YPF needs $7 billion of planned annual investments to return to growth. Foreign partnership will be essential, however, and attracting the right investors may be difficult in the country’s prohibitive investment climate

3 August 2012
Policy & Regulation

Brazil industry still seeking ‘order and progress’

Arguments over the division of royalties are hampering gas development in one of Latin America's most resource rich countries.

2 August 2012
Policy & Regulation

Argentina and Venezuela sign strategic alliance to develop oil and gas industries

Argentina and Venezuela signed a strategic alliance on Tuesday to develop their oil and gas industries through the countries' state-run oil companies.

1 August 2012
LNG

Petrobras mulls Aracruz for fourth LNG terminal

Brazilian state-controlled company Petrobras has said that it may build the country’s fourth LNG regasification terminal in Aracruz, a rapidly growing shipping hub on the central eastern coast.

31 July 2012
Companies & Finance

Mexican drillship project reaches financial close

A group of international lenders has closed a $547 million project finance deal to back the development of a deepwater drilling rig to for exploration in the Gulf of Mexico.

27 July 2012
Exploration & Production

Gazprom gets foothold in Ecuador

Gazprom has signed a memorandum of understanding with Ecuador to explore opportunities at the country’s Amistad field, international media reported on Thursday.

27 July 2012
Policy & Regulation

Peru seeks to soft-pedal royalty spat

The Peruvian government has clashed with the consortium that operates the country’s Camisea gas field. Authorities have threatened to revoke the contract for Block 56, claiming the consortium has not paid royalties for exports from the flagship block over the past year.

27 July 2012
Policy & Regulation

Colombia nears gas price liberalisation

Colombia plans to become the first Latin American country to liberalise all well-head gas prices next year.

25 July 2012

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