Natural Gas Latin America
European giants Total and BG Group scooped the lucrative deepwater concessions in Brazil’s 11th bid round, while independent companies won much of the gas-rich onshore acreage.
The embattled company may be selling off lucrative oil assets to bail out its struggling ‘sister’ companies, but it has made its mark as a gas producer.
As Puerto Rico faces the increasing costs of fuel oil imports as well as environmental pressures, the island is looking to LNG from the mainland United States for an alternative.
Buenos Aires appears to have underestimated the difficulty of attracting investors to its enormous shale reserves. Interfax understands nobody has signed a binding agreement or written any cheques post-YPF expropriation.