The Peru LNG plant. LNG

Peru LNG counts cost of downtime

A rupture on Peru’s main NGL pipeline knocked out the country’s LNG plant and two key gas production centres earlier this month, and the situation is still far from normal.

By Chris Noon 21 February 2018
LNG

Pivotal year looms for Uruguay’s energy policy

Uruguayan authorities are facing tough decisions if they want to kick-start exploration this year and remain an attractive destination for investors.

21 February 2012
Exploration & Production

Bidding round for Suriname offshore to launch in 2013

Suriname will launch a bidding round for its offshore Demerara Plateau in the first quarter of 2013, in an attempt to capitalise on the Guyana Basin exploration boom.

20 February 2012
Exploration & Production

Ecuador’s quest for exploration fortune may be fruitless

Analysts told Interfax on Thursday they were sceptical that the country’s oil and gas industry was a good investment opportunity.

17 February 2012
Exploration & Production

Equión gears up for Caribbean drilling campaign

Bogota-based Equión Energía, a joint venture between Colombia’s state-controlled Ecopetrol and Canadian independent Talisman, is launching the first drilling campaign offshore Colombia in four years in May.

16 February 2012
Companies & Finance

Ecopetrol profit jumps 64%

Colombian state-controlled company Ecopetrol said on Wednesday that fourth-quarter profit jumped by 64% as production increased.

16 February 2012
Companies & Finance

Ecuador to invest in Guyaquil gas field

Ecuador will invest approximately $180 million this year in its offshore Block 3 gas field, located in the Gulf of Guayaquil, according to Wilson Pastor, the country’s minister of natural resources.

16 February 2012
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

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