BP's Savonette platform offshore Trinidad. (BP plc) Exploration & Production

BP’s Juniper project brings relief to Trinidad

BP could be providing 40% more gas in the country by the end of 2017 compared with 2016, thanks to the Juniper project.

By Chris Noon 17 August 2017
The jointly run bank was first proposed by Venezuelan President Hugo Chávez to his Russian counterpart Dmitry Medvedev to finance energy projects in both countries. (PA) Companies & Finance

Russo-Venezuelan bank targets energy projects

A new bank will give Moscow a foothold in the Venezuelan energy industry, although there are concerns about the lack of transparency in the organisation’s activities.

30 September 2011

Stiff competition from wind in Brazilian tender

Wind continues to provide plenty of competition for gas in Brazilian power projects, constituting over three-quarters of the projects filed for the so-called ‘A-5’ tender to be held on 20 December this year.

30 September 2011
Venezuela’s state-controlled PDVSA has put its LNG export ambitions on hold. (PA) LNG

Venezuela freezes LNG plans

State-controlled company PDVSA has said its LNG export ambitions are on hold because of falling prices, and a renewed focus on supplying its domestic market. The decision is also another blow for the

29 September 2011
Policy & Regulation

Brazilian government attempts to end royalties squabble

Brazil's federal government has attempted to put an end to a squabble with the country’s states over the best way to divide oil and gas royalties. The move has been taken to expedite the country’s efforts to develop its hydrocarbon-rich pre-salt areas.

28 September 2011
According to Energy Minister, Rafael Ramirez, the co-operation deal signed with Technip should yield 300 MMcm/d by 2012. (PA) Exploration & Production

We’re not desperate, says Venezuela

South America’s largest oil producer, Venezuela, wants to double gas production by 2015, but lacks the infrastructure to bring its offshore discoveries on-stream, so it seems to be pushing for foreign partners to exploit the gas in its Mariscal Sucre offshore project.

28 September 2011
Exploration & Production

Ecuador and Chile to sign exploration agreement

Ecuador is set to sign an agreement with Chile’s state-controlled energy company Empresa Nacional del Petroleo (ENAP) to explore for gas in Ecuador’s Amistad field in the Gulf of Guayaquil, just off the coast of the country’s most populous city.

27 September 2011
Petrobras’ Urucu oil and natural gas plant in Brazil’s Amazon jungle, 650 km from Manaus, Brazil. (PA) Exploration & Production

Brazil’s HRT sees opportunity in the Atlantic ‘mirror’

In addition to the purchase of the four drilling rigs in Namibia that was announced last week, HRT will sign a memorandum of understanding to acquire two additional units.

27 September 2011
Exploration & Production

Guatemala to rekindle offshore exploration

The frontrunner in Guatemala’s presidential elections in November is planning to invite investors back to the country to participate in a gas bidding round as early as next year, Interfax has learned.

26 September 2011
Russia’s TNK-BP is hoping to enter the Brazilian market. However, analysts have suggested that the company will be unhappy playing second fiddle to its prospective partner, HRT Participações. (PA) Exploration & Production

TNK-BP’s Brazil debut hangs in the balance

Russia’s TNK-BP is hoping to enter the Brazilian market. However, analysts have suggested that the company will be unhappy playing second fiddle to its prospective partner, HRT Participações.

23 September 2011
ExxonMobil is hoping to reach a settlement with Venezuela outside of an ongoing arbitration case for hydrocarbon assets seized by the Latin American country in 2007. (PA) Policy & Regulation

Venezuela and Exxon likely to strike out of court settlement

Despite Venezuela’s Energy Minister Rafael Ramirez’ denial that Caracas is negotiating a settlement with ExxonMobil, it seems likely that a deal will be reached soon.

22 September 2011
Exploration & Production

Shell and QGEP swap strategies in Brazilian market

QGEP Participacoes, an exploration subsidiary of Brazilian industrial group Queiroz Galvão, has finalised a deal with the local unit of Royal Dutch Shell to buy a 30% stake in an offshore exploration block in the Santos Basin.

21 September 2011
Exploration & Production

US and Mexico negotiate Gulf of Mexico agreement

The United States and Mexico are negotiating over an agreement for drilling practices in certain areas of the Gulf of Mexico, which may delay bids for leases that come up for sale later this year, the US Interior Department said Tuesday.

21 September 2011
Supply & Demand

Argentina seeks bigger budget for LNG imports

Argentina's government is seeking an additional 10 billion Argentine pesos ($2.38 billion) in its 2012 budget to cover the costs of increased energy imports, including LNG, according to Bloomberg.

20 September 2011
Policy & Regulation

Brazil to redraw tax laws to meet local content requirements

Brazil is set to redraw the rules governing oil and gas taxation to reduce the country’s reliance on imported machinery, and stimulate the local manufacturing industry.

19 September 2011
Companies & Finance

Vopak, Enagas close Altamira acquisition

Dutch gas storage developer Royal Vopak and Spain’s Enagas have closed a project finance debt-supported acquisition of the Altamira LNG regas terminal in Mexico.

16 September 2011
Exploration & Production

Statoil shuffles Americas portfolio

Norwegian state-controlled company Statoil has said it will farm out a portion of two offshore concessions in Brazil to Canadian company Gran Tierra Energy.

16 September 2011
Exploration & Production

First gas ‘pumped’ from Brazil’s pre-salt

The BNamericas news agency has reported that Brazil's state-controlled company Petrobras has started pumping gas from the Lula field, the pre-salt region of the Santos Basin that has yielded the largest oil and gas find of the past 30 years.

16 September 2011
Petrobras offshore ship platform in Santos Bay off the coast of Rio de Janeiro, Brazil (PA) Policy & Regulation

Squabbles over Brazil’s pre-salt spoils may delay auctions

The fair partition of royalty revenue between states appears to be the hardest knot to unravel in the country’s new pre-salt legislation.

15 September 2011
Exploration & Production

Rockhopper’s $2 billion plan has no room for gas

UK-based Rockhopper Exploration, which is investing $2 billion in offshore oil production to the north of the Falkland Islands archipelago in the South Atlantic Ocean, has no current plans to drill for gas, Interfax has learned.

15 September 2011
An aerial view of Petrobras’ Urucu oil and natural gas plant in Brazil’s Amazon jungle. (PA) Companies & Finance

Bossa nova: Challenges for Brazil’s new wave of producers

A group of privately owned Brazilian gas companies is emerging as competition for the state-owned Petrobras. However, their ambitions may be curbed by poor infrastructure availability.

14 September 2011

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