A well in the Vaca Muerta formation. (YPF) Exploration & Production

Argentina prepares to switch from tight gas to shale

Argentina suffered a production blip in 2017, but its focus on shale drilling might set it on the right path.

By The Wildcat 19 January 2018
Companies & Finance

Pemex reports sharp rise in Q1 net profits

Mexico's state-controlled company Pemex said on Wednesday that its net profit soared in the first quarter to MXN 33.9 billion ($2.6 billion), compared with $116 million in the same period last year, mostly because of higher oil prices.

3 May 2012
Global Markets

Argentina YPF-takeover should receive final vote on Thursday

Argentina's takeover of Repsol-owned oil company YPF is likely to receive a final vote in the country’s Congress on Thursday, reported Agence France Presse.

3 May 2012
Global Markets

Bolivian president seizes assets of Red Electrica

Bolivian President Evo Morales seized the local assets of Spanish power grid operator Red Eléctrica and ordered the armed forces to take over its installations, Dow Jones reported on Tuesday.

2 May 2012
Global Markets

Trinidad faces three major energy industry crises - academic

Kenneth Julien has said in an interview with the Trinidad Express newspaper that the country's industry faces three major crises: the dramatic drop in gas prices, its low gas reserves relative to other nations, and the threat of supply curtailments to the productivity of large industrial users in the Point Lisas estate.

2 May 2012
Exploration & Production

BG announces first production from giant Bolivian field

UK-based BG Group said on Wednesday that it had started production from the first phase of its Margarita gas field in Bolivia with Spanish partner Repsol.

2 May 2012
Exploration & Production

Low prices, security plague Mexico’s flagship Burgos Basin

Low gas prices and poor security are contributing to the decline of the Burgos Basin in northeast Mexico, the country’s largest source of non-associated gas.

1 May 2012
Supply & Demand

Argentine authorities enforce gas rationing, claims newspaper

Argentina’s gas regulator Enargas ordered companies to limit their gas consumption on Saturday, reported the country’s Clarin newspaper on Monday. At the time of publication, Interfax was not able to confirm the news.

1 May 2012
Exploration & Production

“Brazil is ready to live in the natural gas golden era”

Brazil has found enough gas reserves to ensure self-sufficiency over the next five years, Mines and Energy minister Edison Lobao was quoted as saying by the Bernama news agency on Monday.

30 April 2012
LNG

YPF debacle leaves Argentina facing LNG supply crunch

Newly nationalised Argentine oil and gas giant YPF has said that the country’s gas supplies are “guaranteed” despite a dispute with its former Spanish owner Repsol.

30 April 2012
LNG

BG Group to sell 40% stake in Chilean LNG terminal for $352 mn

BG Group said on Friday that it is selling its 40% interest in Chilean LNG regasification terminal GNL Quintero to Enagas for up to $352 million.

27 April 2012
Exploration & Production

CNOOC no longer in Mariscal Sucre

A representative for China National Offshore Oil Corp. confirmed to Interfax on Friday that the company had no operations in Venezuela, despite reports last year it had signed a memorandum of understanding with PDVSA to develop the Mariscal Sucre offshore gas project.

27 April 2012
LNG

YPF cash could be drained for Argentina’s LNG bill

It is still unclear who will pay for LNG imports when YPF replaces Enarsa, but a source close to Repsol, speaking on condition of anonymity, was in no doubt on Friday.

27 April 2012
Global Markets

Argentinia's Senate approves YPF expropriation from Repsol

Argentina's Senate approved the expropriation of YPF from Spain's Repsol on Thursday.

26 April 2012
Exploration & Production

Petrobras predicts gas discovery in Camisea field

Brazilian state-controlled company Petrobras said on Wednesday that it expected to find between 227 bcm and 283 bcm of gas in lots 57 and 58 of Peru’s flagship Camisea field, reported Reuters.

26 April 2012
Supply & Demand

Colombia 'may need to import gas' during rainy season

Colombia may need to import gas during a harsh rainy season, said German Castor, director of the country’s Commission for the Regulation of Energy and Gas, in comments reported by CMI.com on Wednesday.

26 April 2012
Pipelines, Storage & Power

GDF Suez considers Chilean exports to Argentina

European utility giant GDF Suez is considering gas exports from Chile to Argentina, which would mark a reversal of flows between the countries while Argentine demand continues to increase. However, an analyst told Interfax that Chilean exports would likely be a temporary, rather than long-term situation.

26 April 2012
Supply & Demand

Kogas taking part in Venezuelan LNG projects

Seoul and Caracas have reached a framework agreement to have Korea Gas Corp. take part in a $10.4 billion project to develop LNG export projects in Venezuela, the Korean Herald quoted the country’s Ministry of Knowledge Economy as saying on Wednesday.

25 April 2012
Exploration & Production

Petrobras denies local requirements hamper developments

Brazilian state-controlled company Petrobras has denied its local content requirements are hampering the country’s development of its hydrocarbon-rich pre-salt deposits.

25 April 2012
Companies & Finance

Nationalisation checks YPF’s foreign ambitions

The nationalisation of Argentina’s YPF has put the future of the company’s international projects in doubt.

25 April 2012
LNG

Guyana’s border claim threatens Venezuelan LNG ambitions

Guyana presented a case to the United Nations in New York on 11 April for extending its continental shelf westward by 240 km.

24 April 2012

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