Ecopetrol’s Acacias station, Colombia. (Interfax) Policy & Regulation

Colombia’s shale plans strangled by red tape

Colombia’s conventional reserves are running out while its vast shale resources lie untapped. But Bogota is yet to sign off on a single fracking project.

By Chris Noon 22 August 2017
Policy & Regulation

Petrobras to slash gas prices as inflation bites

Brazilian energy giant Petrobras said in a statement on Thursday that it will lower gas prices in August when contracts are eligible for adjustment.

15 July 2011
Campo San Antonio gas field. (YPFB) Exploration & Production

Reality check – reserves downgrade moves Bolivia into action

A US report revising Bolivia’s proven gas reserves has reduced Bolivia to a mid-tier supplier. Anatoly Kurmanaev considers the implications of the findings.

12 July 2011
Companies & Finance

Shell sells stake in Brazilian pre-salt block to local companies

Shell has sold its 20% interest in the pre-salt, offshore BM-S-8 block, located in the Santos Basin, to two Brazilian companies for an undisclosed sum, the company confirmed on Wednesday.

6 July 2011
Exploration & Production

Gazprom considers projects in Peru

Russian gas giant Gazprom has said that it is considering projects in Peru. A company spokeswoman told Interfax today that its deputy chairman, Alexander Medvedev, and Peruvian presidential representative, Alexis Humala, had reached a verbal agreement to co-operate in the country’s energy sector.

5 July 2011
The Neuquen Basin in northern Patagonia, Argentina, has long been valued for it assorted treasures. (NASA) Exploration & Production

Argentina bets on shale to offset conventional decline

South America’s largest gas consumer is betting on its large, untapped unconventional resources to reverse the decline in domestic production.

4 July 2011
Petrobras offshore ship platform in Santos Bay off the coast of Rio de Janeiro, Brazil (PA) Exploration & Production

Stuck in deep - Brazil’s pre-salt basin’s success story

Following the recent oil and gas discoveries offshore Brazil, Leigh Elston considers the impact of the abundant reserves on the country’s developing gas market.

4 July 2011
LNG

Qatargas agrees 20-year supply contract with Argentina

Qatargas has agreed to supply Argentina’s privately owned oil and gas company Energia Argentina Sociedad Anonima (ENARSA) with 5 million tons per year (6.9 billion cubic metres per year) of LNG for 20 years beginning in 2014, the two companies said in a joint statement on Wednesday.

30 June 2011
Policy & Regulation

New T&T energy minister starts work

Trinidad and Tobago has a new energy minister this week after a reshuffle of cabinet positions by Prime Minister Kamla Persad Bissessar.

30 June 2011
Exploration & Production

BG Group doubles Santos Basin reserve estimates

BG Group has doubled reserve estimates for its interests in Brazil’s offshore pre-salt Santos basin to 6 billion barrels of oil equivalent.

30 June 2011
Exploration & Production

YPBF, Pluspetrol agree feasibility studies in Santa Cruz

Bolivian state-owned oil and gas company YPBF and Argentina-based Pluspetrol, on Tuesday, signed agreements for feasibility studies of potential natural gas exploration and production in the Florida, Taputá and Arenales areas, all located in Santa Cruz, Bolivia.

29 June 2011
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

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