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Exploration & Production

Colombia scents magic 1 million mark – Ecopetrol CEO

Colombia is making “good progress” to the significant production mark of 1 million barrels of oil per day, the chief executive of Ecopetrol told Interfax on the sidelines of an investor event in London on Thursday.

27 September 2012
Exploration & Production

Petrobras and Tecpetrol back in Argentina’s good books

Argentine authorities appear ready to attract companies back to the country, despite shutting out producers in a show of power preceding the renationalisation of YPF earlier this year.

26 September 2012
Supply & Demand

Mexico to bring Manzanillo terminal back into fold

Mexico is boosting LNG imports despite the glut of cheap shale gas across its northern border.

26 September 2012
Exploration & Production

Bolivia delays bidding round amid regulatory flux

Bolivia has delayed its exploration bidding round by up to four months amid possible changes to its oil and gas regulation.

25 September 2012
Exploration & Production

Brazil’s independents enjoy moment of bullishness

OGX Maranhão, controlled by Brazilian billionaire Eike Batista, has received a licence to begin gas production in the northern Parnaíba Basin.

25 September 2012
Companies & Finance

Banco Itau supplies limited recourse debt for Colombian project

Latin American-focused explorer GeoPark has reached financial close on a new $37.5 million debt facility with Brazil-based bank Banco Itau to fund its activities in Colombia this month.

21 September 2012
Exploration & Production

Cost of Argentine shale may be $250 bln by 2027

Development of Argentina’s shale gas resources may cost up to $250 billion over the next 20 years, according to US academics, who claim huge investor risk remains in the country.

21 September 2012
Exploration & Production

Petrobras has cash for Brazil's next tenders

Brazilian state-controlled company Petrobras has enough cash to participate in the country’s next round of tenders for offshore oil and gas concessions, Chief Executive Maria das Gracas Foster has said.

20 September 2012
Exploration & Production

Brazil’s bid round approved for May 2013

Brazilian President Dilma Rousseff has finally authorised the country’s 11th bidding round for oil and gas blocks to be held in May 2013.

19 September 2012
Companies & Finance

Repsol vows ‘tooth and nail’ fight against Chevron-YPF deal

Repsol is unhappy that Chevron now stands to benefit from the Vaca Muerta prospect, one of Latin America’s richest shale seams

17 September 2012
Companies & Finance

Talisman walks away from Peru

Canadian independent Talisman Energy is abandoning Peru, the company announced on Thursday. The announcement came just four days after the company’s new chief executive took the helm.

14 September 2012
LNG

Enagás picks up 20% of Chilean LNG terminal

The value of the deal is in line with BG Group’s announcement earlier this year that it would sell its 40% interest in GNL Quintero to Enagas for up to $352 million.

14 September 2012
Supply & Demand

Mexico may end imports by 2017

An official at Mexican state-controlled company Pemex has said the country may be able to end gas imports by 2017.

14 September 2012
Exploration & Production

Growing urgency over shale in Mexico

Pemex will spend $200 million over three years on shale drilling at two prospective sites in the country, says a commissioner at the hydrocarbon agency.

12 September 2012
Policy & Regulation

Brazil’s energy price reform skirts high gas costs

Brazilian gas prices will remain prohibitively high despite the reform of the country energy costs.

12 September 2012
LNG

Peru consortium reassured over export prices

Peru’s six-party Camisea consortium, which includes Spanish company Repsol, Argentine-headquartered Pluspetrol Peru and Houston-based Hunt Oil, will be allowed keep exporting LNG at current prices, despite Lima’s reservation of one of the country’s largest blocks for the local market.

12 September 2012
Exploration & Production

Pemex ‘daunted’ by shale challenges

Mexico’s vast shale reserves will remain underground for over a decade, even under the most optimistic drilling scenario, according to state-controlled Pemex.

11 September 2012
Companies & Finance

GAIL contemplates purchasing Repsol's LNG assets

Indian company GAIL is considering buying Repsol’s LNG assets for sale in Canada, Peru and Trinidad, Reuters has reported.

11 September 2012
Policy & Regulation

Colombia’s tax reform has increased producer responsibility

Colombia’s new royalty system has broken the status quo between companies and local communities, leading to new social demands on the industry. Producers are adapting with varying success to the heightened social tensions created by the reform.

10 September 2012
Companies & Finance

Speculation Repsol is to replace current chief executive

A Repsol spokesman refused to comment on Monday on media reports that the company was looking to replace Chief Executive Antonio Brufau.

10 September 2012

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