A well in the Vaca Muerta formation. (YPF) Exploration & Production

Argentina prepares to switch from tight gas to shale

Argentina suffered a production blip in 2017, but its focus on shale drilling might set it on the right path.

By The Wildcat 19 January 2018
Exploration & Production

Magdalena well discovers oil

Canadian company Pacific Rubiales Energy has discovered gas and condensate in an exploratory well in the northern Colombian province of Magdalena, according to the Latin American Herald Tribune.

16 February 2012
Policy & Regulation

Argentine government turns screw on YPF

International and local media have reported that Argentina’s largest oil and gas company YPF has been banned from making foreign trade deals, which would effectively prevent it from importing or exporting hydrocarbons.

16 February 2012
LNG

Panama Canal expansion to benefit neighbours

Short-haul LNG exporters close to the Panama Canal are likely to be the biggest winners from its expansion in 2014, say analysts

15 February 2012
Exploration & Production

OGX begin work on Paraiba basin project

OGX Maranhão, part of the EBX conglomerate owned by Brazilian billionaire Eike Batista, began construction work on the project for producing and transporting gas in the Parnaíba Basin in early February, according to the PennEnergy website.

15 February 2012
Supply & Demand

Argentina warned of energy crisis

Argentina’s Energy Institute, (Instituto Argentino de la Energía: IAE), has warned that the country faces an “unprecedented energy crisis” with large falls in hydrocarbon reserves and production, and a reliance on imports.

15 February 2012
Companies & Finance

Baptism of fire for new Petrobras CEO

Petrobras reported a huge drop in fourth quarter earnings last week, and Maria das Gracas Foster will face macroeconomic headwinds this year that are likely to buffet the company’s profits.

14 February 2012
Companies & Finance

Gas Argentino plans to swap 35% of defaulted debt for new bonds

Gas Argentino, which controls Metrogas, Argentina’s largest gas distributor, announced a plan on Monday to swap 35% of its defaulted debt for new bonds, according to Bloomberg.

14 February 2012
LNG

Brazil plans fourth LNG terminal

Brazil is shifting its gas import policy away from Bolivian pipeline supplies to LNG in search of greater price and volume flexibility.

14 February 2012
Policy & Regulation

War of words between YPF and Argentine authorities

A stand-off between the Argentine authorities and oil and gas company YPF is becoming increasingly hostile, with the country’s provincial governments slapping YPF with an investment deadline.

13 February 2012
Companies & Finance

Petrobras announces succession plan, lower earnings

Brazilian state-controlled company Petrobras has said that its head of gas and energy, Maria das Graças Silva Foster, will become its new chief executive from 13 February, taking over from José Sergio Gabrielli. It also said on Friday that its earnings were 33.313 billion Brazilian reals ($19.3 billion) in 2011, down by 5% on 2010.

10 February 2012
LNG

Credit risk clouds Caribbean LNG prospects

The Caribbean islands must overcome the problem of high credit risk to get their LNG projects off the ground. Development banks may be the key.

10 February 2012
Exploration & Production

A dead cow bounce

YPF’s resource revelation this week was a thinly veiled riposte to the Argentine government, which publicly attacked the company earlier this month

10 February 2012
Companies & Finance

YPF raises resource estimate

Argentina's largest oil and gas company YPF has sharply raised its estimate for its unconventional oil-and-gas resources to 22.8 billion barrels from 927 million barrels.

9 February 2012
Policy & Regulation

Repsol-YPF CEO meets with Argentine officials

Repsol-YPF Chief Executive Antonio Brufau met with officials from President Cristina Fernandez’s administration on Tuesday to discuss growing political pressure on the company to raise oil and gas output.

8 February 2012
Companies & Finance

HRT Participacoes em Petroleo shares boosted

Brazilian independent HRT Participacoes em Petroleo saw its shares boosted on Monday, after state-controlled Petrobras found oil near HRT’s Amazon exploration areas.

7 February 2012
Supply & Demand

Paraguaian feasibility studies

Paraguay is carrying out feasibility studies on importing gas from Bolivia, Deputy Minister of Mines and Energy Mercedes Canese said on Monday.

7 February 2012
Exploration & Production

Trinidad and Tobago bets on $5.5 billion exploration budget

A total of $5.5 billion will be invested in oil and gas projects in Trinidad and Tobago in 2012, as the island nation kick-starts its exploration and production sector amid uncertainty over falling prices, the deteriorating economic performance of the Caribbean region, and a changing market for its LNG exports.

7 February 2012
Policy & Regulation

Producers feel heat in Argentina as subsidies fail again

The Argentine government asked oil and gas companies in the country on Friday to operate fields at full output.

6 February 2012
Exploration & Production

Pemex exploration down

Mexico's state-controlled Pemex completed 33% fewer exploratory wells in 2011 compared to 2010, according to figures from a report by upstream regulator CNH.

6 February 2012
LNG

LNG imports are Colombia’s priority

Despite its pursuit of LNG liquefaction projects, Colombia will need to import LNG by 2014-2015 to avoid a serious shortfall. A government report due this week should drive the process forward.

6 February 2012

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