An LNG cargo arrives in Brazil. LNG could still play a key role in the country despite production growth. (Petrobras) LNG

Renewables throw LNG a lifeline in Latin America

Do not write off Latin America’s LNG sector just yet. Renewables will need a hefty back-up, conference speakers in Houston argued this week.

By Chris Noon 23 June 2017
An Atlantic LNG 122 storage tank, Trinidad and Tobago. (BP plc) LNG

Trinidad’s LNG seeks new place in the sun

The tightening of the global energy market has given Trinidad & Tobago’s stagnant LNG industry a respite from shrinking US import demand. But complacency is no longer an option.

26 July 2011

Petrobras holds off on floating LNG for pre-salt fields

Brazilian state-owned company Petrobras will delay the use of floating LNG terminals for its hydrocarbon-rich pre-salt fields.

26 July 2011

Peru LNG exports are $576.6 million in first half of 2011

According to Peru’s Foreign Trade Society (ComexPeru), the country’s LNG exports were $576.6 million in the first half of 2011.

26 July 2011
Pipelines, Storage & Power

Peruvian pipeline expansion receives boost

Peru's government has approved an environmental impact study for a consortium’s plan to expand a pipeline from the Camisea field to the country's coast.

22 July 2011
Companies & Finance

TNK-BP to pay up to $2 billion for Brazilian Petra Energia stake

TNK-BP will pay Petra Energia up to $2 billion for a 45% stake in Brazil's Solimoes region, a source close to TNK-BP management told Interfax.

19 July 2011
Policy & Regulation

Petrobras to slash gas prices as inflation bites

Brazilian energy giant Petrobras said in a statement on Thursday that it will lower gas prices in August when contracts are eligible for adjustment.

15 July 2011
Campo San Antonio gas field. (YPFB) Exploration & Production

Reality check – reserves downgrade moves Bolivia into action

A US report revising Bolivia’s proven gas reserves has reduced Bolivia to a mid-tier supplier. Anatoly Kurmanaev considers the implications of the findings.

12 July 2011
Companies & Finance

Shell sells stake in Brazilian pre-salt block to local companies

Shell has sold its 20% interest in the pre-salt, offshore BM-S-8 block, located in the Santos Basin, to two Brazilian companies for an undisclosed sum, the company confirmed on Wednesday.

6 July 2011
Exploration & Production

Gazprom considers projects in Peru

Russian gas giant Gazprom has said that it is considering projects in Peru. A company spokeswoman told Interfax today that its deputy chairman, Alexander Medvedev, and Peruvian presidential representative, Alexis Humala, had reached a verbal agreement to co-operate in the country’s energy sector.

5 July 2011
The Neuquen Basin in northern Patagonia, Argentina, has long been valued for it assorted treasures. (NASA) Exploration & Production

Argentina bets on shale to offset conventional decline

South America’s largest gas consumer is betting on its large, untapped unconventional resources to reverse the decline in domestic production.

4 July 2011
Petrobras offshore ship platform in Santos Bay off the coast of Rio de Janeiro, Brazil (PA) Exploration & Production

Stuck in deep - Brazil’s pre-salt basin’s success story

Following the recent oil and gas discoveries offshore Brazil, Leigh Elston considers the impact of the abundant reserves on the country’s developing gas market.

4 July 2011

Qatargas agrees 20-year supply contract with Argentina

Qatargas has agreed to supply Argentina’s privately owned oil and gas company Energia Argentina Sociedad Anonima (ENARSA) with 5 million tons per year (6.9 billion cubic metres per year) of LNG for 20 years beginning in 2014, the two companies said in a joint statement on Wednesday.

30 June 2011
Policy & Regulation

New T&T energy minister starts work

Trinidad and Tobago has a new energy minister this week after a reshuffle of cabinet positions by Prime Minister Kamla Persad Bissessar.

30 June 2011
Exploration & Production

BG Group doubles Santos Basin reserve estimates

BG Group has doubled reserve estimates for its interests in Brazil’s offshore pre-salt Santos basin to 6 billion barrels of oil equivalent.

30 June 2011
Exploration & Production

YPBF, Pluspetrol agree feasibility studies in Santa Cruz

Bolivian state-owned oil and gas company YPBF and Argentina-based Pluspetrol, on Tuesday, signed agreements for feasibility studies of potential natural gas exploration and production in the Florida, Taputá and Arenales areas, all located in Santa Cruz, Bolivia.

29 June 2011
The governments of Central and South America are opening up more deep-water acreage with Trinidad and Tobago's latest licensing rounds garnering international interest. Exploration & Production

Into the deep

The governments of Central and South America are opening up more deep-water acreage with Trinidad and Tobago's latest licensing rounds garnering international interest.

27 June 2011
Campo San Antonio gas field. (YPFB) Exploration & Production

Bolivia to boost gas production by 14 mcm/d by 2013

An increase in domestic industrial consumption of natural gas, as well as contractual obligations with Argentina and Brazil, mean that gas production in Bolivia will increase.

24 June 2011
Exploration & Production

Pemex to lease eight platforms for drilling in the Gulf of Mexico

Mexico’s state-owned company, Pemex, said it will launch an international tender to lease eight offshore oil platforms for drilling in the southern Gulf of Mexico.

22 June 2011
Companies & Finance

Ratings boost for Petrobras should help ‘raise funds’

Risk rating agency Moody’s Investor Services has upgraded Petrobras’ foreign currency debt, and that of subsidiaries backed by Petrobras, from Baa1 to A3, in line with the upgrade of Brazilian foreign currency long-term sovereign debt from Baa3 to Baa2 on 20 June.

22 June 2011
Companies & Finance

Petrobras told to rein in spending for 2011-2015 business plan

While Petrobras executives are pushing for a large increase in the company’s 2011-2015 spending plan, Brazil’s finance minister, Guido Mantega, wants the multinational to rein in costs.

21 June 2011

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