The Cameron lng plant in the us LNG

Mexico thinks small for initial LNG exports

Sempra's proposed LNG plant on the Baja California peninsula will be 2.5 mtpa in size and not a large-scale facility as previously thought, although it could be expanded.

By Chris Noon 19 April 2018
Exploration & Production

Ecopetrol makes new discovery in Meta

Colombian state-controlled company Ecopetrol said on Monday that it made its seventh heavy oil discovery at Caño Sur in the department of Meta.

24 July 2012
Supply & Demand

YPFB will continue Argentine exports while supplies last

Bolivian state-controlled company YPFB said it will only continue exporting gas to Argentina if it has excess supply, according to the Wall Street Journal.

24 July 2012
Global Markets

Chavez suggests Respol finds 'friendly' YPF solution

Venezuelan President Hugo Chavez suggested on Monday that Spain's Repsol come to a "friendly" agreement with Argentina's government over the renationalisation of Argentine oil and gas company YPF in April.

24 July 2012
Exploration & Production

Pertamina's attempt to start operations in Venezuela hits roadblock

Indonesian state-controlled company Pertamina’s attempt to start operations in Venezuela has hit a roadblock, according to The Jakarta Post on Monday.

23 July 2012
Exploration & Production

Argentina’s year of the dragon

Recent industrial unrest in Argentina could play into the hands of Chinese state-controlled company Sinopec.

20 July 2012
LNG

Repsol seeks to sell LNG assets – report

The company is seeking to strengthen its finances after they were weakened by the Argentine government’s expropriation of YPF in April.

20 July 2012
Companies & Finance

IFC approached for equity financing by Canadian player

Colombia-focused oil and gas exploration company PetroNova has applied to the International Finance Corporation (IFC) for $27 million in equity.

20 July 2012
Policy & Regulation

Argentina widens incentive scheme to new province

The province where the concession is located accounts for a small proportion of the country’s overall gas production, but Buenos Aires is likely to extend the scheme to other provinces this year.

19 July 2012
Companies & Finance

YPF to fund investments, pay dividends

Recently nationalised Argentine oil and gas company YPF will use 2011 profits and cash left over from previous years to create a $1.2 billion fund for investments, and to pay dividends.

18 July 2012
Supply & Demand

Creg extends supply plan comment deadline

Colombian power and gas regulator Creg has extended a deadline to allow companies to comment on a plan for gas services in the country to 23 July.

18 July 2012
Policy & Regulation

On the Inca trail

A human rights organisation is using unorthodox methods to raise awareness about gas exploration in Peru.

18 July 2012
Policy & Regulation

Strain shows in Bolivia-Argentina export regime

Bolivia’s lucrative oil-linked supply contract with Argentina is coming under growing pressure from the cash-strapped Buenos Aires. Shale resources in Neuquén and looming US LNG exports are threatening the future of Bolivian gas trade, reports Anatoly Kurmanaev .

18 July 2012
Supply & Demand

Mexican Pemex set to increase imports from US

Mexican state-controlled company Pemex will increase imports from the United States this year to meet industry demand, a Pemex director was quoted as telling local daily El Economista.

17 July 2012
Policy & Regulation

Brazil's ANP may fine Chevron $24.5 million for oil spill

Brazil’s ANP hydrocarbons agency is unlikely to fine United States oil major Chevron more than BRL 50 million ($24.50 million) for its role in a small oil spill off Brazil’s coast in November 2011, The Wall Street Journal reported on Monday.

17 July 2012
Global Markets

Argentine government warns Premier Oil of 'illegal' exploration

The Argentine government has sent a letter to Premier Oil warning the UK-listed company that oil and gas exploration on the Argentine continental shelf near the disputed Falkland Islands would be “illegal”.

17 July 2012
Policy & Regulation

New law in Panama to pave way for gas

Panama is finalising its maiden gas law, which it hopes will allow the country to become the first gas consumer in Central America.

17 July 2012
Companies & Finance

Petrobras aims to be leaner and meaner in Latin America

Brazil’s state-controlled Petrobras is planning to sell $3 billion of assets in Latin America outside of its home market to raise funds for regional gas development, the company’s area manager said.

16 July 2012
Exploration & Production

Petroecuador to begin gas drilling in August

State-controlled Petroecuador will start drilling for gas in August at the offshore Amistad field, which lies southwest of the country’s largest city Guayaquil.

13 July 2012
Exploration & Production

Uruguay to sign new onshore contracts

South America’s second smallest nation is fast becoming an exploration hotspot, with three new bids submitted for frontier onshore acreage.

13 July 2012
Exploration & Production

Peru offshore gas ambitions suffer setbacks

The development of Peru’s first non-associated offshore gas field is being delayed by environmental and social opposition.

12 July 2012

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