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Exploration & Production

Repsol shrugs off YPF incident and renews Americas focus

Spanish company Repsol will remain focused on the Americas despite the expropriation of its stake in Argentine major YPF in April. More than half of the company’s capital will be deployed in the continent until 2016, with significant production increases expected in the United States and Brazil, it said in a strategy update on Tuesday.

29 May 2012
LNG

Uruguay pursues LNG imports alone as Argentines walk away

Uruguay is pursuing LNG imports alone, after its Argentine partners abandoned the project to focus on domestic affairs. Montevideo plans to launch a tender for a floating LNG regasification terminal by August.

29 May 2012
Companies & Finance

BG’s Brazil sell down likely by early 2013 – Nomura

UK-based BG Group could reduce its holdings in Brazil within the next 18 months to reduce its exposure to growing operational risks in the country, said Japanese investment bank Nomura last week.

28 May 2012
Exploration & Production

Brazil delays power tenders

Brazil’s Ministry of Mines and Energy has further delayed the country’s so-called ‘A-3’ and ‘A-5’ power tenders, which involve nearly 19 gigawatts of proposed gas-fired capacity, because of concerns there would not be enough demand for new projects.

28 May 2012
Exploration & Production

Petrobras and Argentina reach Veta Escondida agreement

The government of Argentina's Neuquén province has reached an agreement with the local branch of Brazilian state-controlled company Petrobras, regarding a decision to revoke a concession at Veta Escondida.

28 May 2012
Supply & Demand

Argentina looks to Angola to plug LNG shortfall

Argentina is seeking LNG supplies from Angola in an attempt to alleviate energy shortages, local media has reported.

28 May 2012
Policy & Regulation

Petrobras and Argentina reach Veta Escondida agreement

The government of Argentina's Neuquén province has reached an agreement with the local branch of Brazilian state-controlled company Petrobras, regarding a decision to revoke a concession at Veta Escondida.

28 May 2012
Pipelines, Storage & Power

Power sector looks safe from Argentine government, says executive

An executive from global power giant AES has played down the possibility that the Argentine government will nationalise assets in the electricity sector. However, he admitted the investment climate in the country was more risky after President Cristina Fernandez de Kirchner wrested control of YPF from Spanish company Repsol in April.

25 May 2012
Supply & Demand

Mexican ambitions moderated by US shale bonanza

The United States shale revolution has spilled over the border into Mexico, reducing prices and discouraging upstream developments in Latin America’s largest gas market.

25 May 2012
Pipelines, Storage & Power

Argentina’s main power group edges closer to bankruptcy

Pampa Energía, Argentina’s largest electricity company, said it will default before the end of the year unless the government adjusts the national tariff structure.

24 May 2012
Policy & Regulation

Impatience grows over Brazil’s 11th bidding round

Executives from small and mid-sized explorers active in Brazil expressed frustration at the La Jolla Energy Conference this week over the continued delay to Brazil’s 11th bidding round.

24 May 2012
Supply & Demand

Latin America faces supply deficits by 2020, despite riches

Several countries in Latin America are likely to face supply deficits in 2020, as the region struggles for self-sufficiency despite its huge gas reserves, speakers at the La Jolla Energy Conference in California said on Tuesday.

23 May 2012
Exploration & Production

Argentine shale gas is uncompetitive - CERA

Argentina’s shale gas is not profitable under the country’s current fiscal terms, according to the consultancy IHS CERA.

22 May 2012
Pipelines, Storage & Power

Peru seeks new partners for southern pipeline

Peru is looking for new partners for Gasoducto Andino del Sur (GAS), South America’s largest pipeline project, which will bring gas from the flagship Camisea field to the south of the country.

22 May 2012
Exploration & Production

Gazprom plans 2017 start for Azero

Gazprom plans to begin production from Bolivia’s Azero field in 2017, in what could become the country’s largest greenfield gas project.

22 May 2012
Companies & Finance

YPF to release new strategic plan this month

Argentina’s newly nationalised energy company YPF will devise a strategy for the next three months this week, a company director told Interfax.

22 May 2012
LNG

Repsol reported to have cancelled Argeninte LNG supply contract

Repsol was reported to have cancelled an Argentine LNG supply contract to state-owned Enarsa for delivery of 10 cargoes this year.

21 May 2012
Policy & Regulation

Brazil to remain Bolivia’s gas focus

Bolivia will focus its gas exports on Brazil despite the projected fall in imports in Latin America’s largest economy, according to the head of the association of Bolivian hydrocarbon producers.

21 May 2012
Policy & Regulation

Bolivia to publicise new energy bill by end of June

Bolivia will consult energy companies on a new hydrocarbons bill to overhaul gas regulation in the next 30 to 40 days, Eduardo Alarcón, the country’s vice-minister of exploration and production (E&P), said last week.

21 May 2012
Companies & Finance

Colombian banks close $1.2 bln pipeline debt

Colombian developers Ecopetrol, Pacific Rubiales Energy and Petrominerales have announced that special purpose vehicle company Oleoducto Bicentenario has closed a debt facility worth $1.2 billion with 10 local banks for the development of the first phase of the Bicentenaria oil pipeline.

18 May 2012

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