Drilling in Vaca Muerta, Neuquén. (YPF) Exploration & Production

Argentina champions producers that think big

Buenos Aires will handsomely reward companies with staying power, rather than those that uncover ‘new’ gas.

By The Wildcat 25 July 2017
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
Pipelines, Storage & Power

TransCanada completes Guadalajara pipeline

The $360 million Guadalajara gas pipeline linking the Manzanillo LNG terminal with inland Mexico has been completed, developer TransCanada said on Monday.

21 June 2011
Exploration & Production

Brazil’s OGX to bring in partner for Campos Basin projects by year-end

Brazilian independent, OGX Petroleo e Gas Participacoes SA (OGX), is receiving offers for stakes in its deep-water blocks in the Campos Basin and its gas fields in Parnaiba.

20 June 2011
Exploration & Production

Evaluate Energy reports surge in Latin American drilling

Oil and gas exploration in Latin America is booming, with year-on-year rig activity rising by at least 15% in five of the region’s producing countries, according to research by UK-based energy information specialist Evaluate Energy.

17 June 2011
Companies & Finance

Perenco’s Brazilian unit plans IPO

Perenco Petroleo e Gas do Brasil Particpacoes, the Brazilian subsidiary of France-based exploration company Perenco, said on Thursday it plans to raise between $395.8 million to $510.7 million through an initial public offering (IPO) of shares on the Brazilian Stock Exchange, Dow Jones reported.

17 June 2011
Exploration & Production

Trinidad and Tobago plans September bidding round

Trinidad and Tobago plans to launch a new oil and gas bidding round in September, Reuters reported the country’s energy minister, Carolyn Seepersad-Bachan, as saying on Wednesday.

16 June 2011
Pipelines, Storage & Power

Bolivia-Argentina pipeline opens this month

The official opening of the 27.7 thousand cubic metres per day (Mcm/d) Integración Juna Azurduy (GIJA) gas pipeline linking Bolivia and Argentina will take place on 30 June, according to state-owned Bolivian oil and gas company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).

13 June 2011
Supply & Demand

Bolivian gas exports rise by 35%

Bolivian gas exports to Brazil and Argentina rose by 35% year-on-year in the first four months of 2011, according to state-owned oil and gas company Yacimientos Petrolíferos Fiscales Bolivianos.

9 June 2011
Exploration & Production

Central Resources buys six Brazilian oil and gas concessions

Central Brazil Coöperatief, an affiliate of United States (US) based Central Resources, has acquired six oil and gas concessions in Brazil from a unit of Koch Industries.

8 June 2011
Companies & Finance

Americas Petrogas expands drilling in Argentina with new acquisition

Canadian oil and gas company, Americas Petrogas, is expanding its operations in Argentina with the acquisition Energicon and continued drilling for oil and gas in the Neuquén Basin, the company said on Friday.

6 June 2011
Pipelines, Storage & Power

Bolivia to profit $6 billion per year from new gas pipeline

The new 27.7 thousand cubic metre per day (mcm/d) gas pipeline between Bolivia and Argentina, Gasoducto Integración Juana Azurduy (GIJA), will bring in profits of $6 billion per year for Bolivia from 2015, the Bolivian energy ministry said on Friday.

3 June 2011
Peru's presidential candidates Ollanta Humala, right, and Keiko Fujimori shake hands after their presidential debate in Lima, Peru. With political and legal uncertainty, the future of Peru’s gas industry is unclear. (PA) Exploration & Production

Peruvian gas policy at crossroads on the eve of elections

The gas industry in Peru is likely to go through changes regardless of who is elected president on 5 June.

3 June 2011

Vopak, Enagas buy Mexican LNG terminal from Shell

Vopak, a Dutch tank storage service provider, and Enagas, the Spanish grid operator, have agreed to buy the Altamira LNG import regasification terminal on the east coast of Mexico from current owners Shell (50%), Total (25%) and Mitsui (25%), the companies said on Thursday.

2 June 2011
Companies & Finance

OGX issues $2.6 billion in unsecured notes

Brazilian independent OGX Petróleo e Gáshas issued $2.563 billion in unsecured notes to be used to fund development of its substantial natural gas discoveries.

1 June 2011
Supply & Demand

Asia, Latin America head up global LNG demand growth – BoA Merrill Lynch

Worldwide LNG imports in March increased by 12% compared with the same month the previous year, with the strongest growth coming from Asia and Latin America, United States bank BoA Merrill Lynch said in a report on Wednesday.

1 June 2011
Poor sugar cane harvests have contributed to a wider adoption of natural gas to fuel vehicles as demand for ethanol exceeds supply. (PA) Policy & Regulation

Brazil’s ethanol shortage paves way for burgeoning NGV market

A number of factors have lead to Brazil moving their focus purely from ethanol to developing the use of natural gas. Leigh Elston investigates the reasoning behind the move and the implications thereof on the Brazilian fuel market.

31 May 2011

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