Latin America & Caribbean

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
Exploration & Production

Mystery as Trinidad and Tobago extends deepwater deadline

Interfax could not establish the reason for the extension at the time of going to press, although the country has had limited success with deepwater offerings in the past.

12 July 2012
Exploration & Production

'No dry holes' in Brazil's Sao Francisco Basin

There are “no dry holes” in Brazil’s Sao Francisco Basin, according to Magda Chambriard, director-general of the country’s ANP hydrocarbons regulator.

12 July 2012
Companies & Finance

ONGC to invest $3 bln in Venezuela oil and gas fields

India’s state-controlled Oil and Natural Gas Corp. (ONGC) plans to invest $3 billion in Venezuela’s oil and gas fields, New Dehli said on Wednesday.

11 July 2012
Exploration & Production

HRT Participações em Petróleo abandons well, shares fall

Brazilian independent HRT Participações em Petróleo, which is exploring the country’s Amazon, saw its shares fall on Tuesday after it reported it had abandoned a well in the Solimões Basin after finding less gas than expected.

11 July 2012
Supply & Demand

Gas production in Peru rises by 13%

Gas production in Peru rose by 13% in the first half of 2012 from the same period a year earlier, the country’s government said on Tuesday.

11 July 2012
Pipelines, Storage & Power

Peru may need second LNG plant

Gasoducto Andino del Sur, the largest advanced pipeline project in Latin America, is unlikely to be economically feasible without an export option.

11 July 2012
Exploration & Production

Total operating Xerelete block in Brazil's Campos Basin

Total said in a statement on Tuesday that it now operates the Xerelete block in Brazil’s Campos Basin.

10 July 2012
Exploration & Production

Brazilian miner Vale announces production plans

Brazilian miner Vale plans to produce 420,000 tons of fuel from palm oil annually by 2019 and will build two wind farms with Australia’s Pacific Hydro by 2014, Giane Zimmer, Vale’s director of sustainable development, told Bloomberg on Monday.

10 July 2012
Exploration & Production

Caracas scores win with Total gas deal

Total has signed a deal for well below the odds in Venezuela, a market source told Interfax. The news may signal the company’s determination to keep a foothold in the country, even under seemingly unattractive terms.

10 July 2012
Supply & Demand

Production to rise at Total onshore field in Venezuela

French company Total said on Monday that production from its onshore Yucal Placer field in Venezuela would be increased this year and eventually reach 300 MMcf/d (8.5 MMcm/d).

9 July 2012
Pipelines, Storage & Power

General Electric to install third turbine at Bulo Bulo plant

YPFB Chaco, a unit of the state-controlled Bolivian company YPFB, signed an agreement on Saturday with General Electric for the installation of a third turbine at the Bulo Bulo gas-to-power plant, SeeNews Latin America reported.

9 July 2012
Pipelines, Storage & Power

T&T and Barbados pipeline 'very much in progress'

The proposed gas pipeline between Trinidad and Tobago and Barbados is “very much in progress,” according to Barbados' Prime Minister Fruendel Stuart.

9 July 2012
LNG

Chile orders third LNG terminal

Power generator GasAtacama has chosen London-based Golar LNG to build Chile’s third LNG import terminal, strengthening the trend towards in-house gas supply provision in the country.

9 July 2012
Pipelines, Storage & Power

Peru’s rapid growth checked by pipeline woes

Social and environmental concerns continue to plague the expansion of Peru’s only gas pipeline, preventing further industrial growth in the country.

6 July 2012
Companies & Finance

Brazil's BTG Pactual Participations sells stake in STR Projetos e Participações

BTG Pactual Participations, a unit of Brazilian investment bank Banco BTG Pactual has sold its stake in STR Projetos e Participações, a holding company with assets in the oil and gas industry, for BRL 700 million ($346 million), it announced on Thursday.

6 July 2012
LNG

Golar LNG wins contract for Chile's first FSRU

London-based Golar LNG has been awarded the contract for Chile’s first floating storage and regasification unit (FSRU), it said on Friday.

6 July 2012
Exploration & Production

Huge Mexican discovery may remain sleeping giant

Low gas prices mean Pemex’s major offshore gas discoveries are unlikely to be developed anytime soon.

5 July 2012
LNG

Chile may relax LNG market rules to stoke demand

The Chilean government may improve companies’ access to regasification terminals to stimulate the country’s gas market.

4 July 2012

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