Global Markets Latin America’s clouds have a silver lining
Although most of Latin America had a fairly disappointing year, there were nevertheless one or two reasons to be cheerful.
Policy & Regulation Can Venezuela’s energy sector be rescued?
Venezuela’s political opposition dealt a huge blow to the country’s socialist government last week, but experts say energy sector liberalisation will be a long and tortuous process.
Rosneft registers for Brazilian licensing round
Rosneft Brasil has registered for Brazil’s 13th oil and gas licensing round, organised by the country’s ANP hydrocarbon agency, Rosneft said in a statement.
18 August 2015
Policy & Regulation Brazil makes pre-salt pledge in gathering storm
Brazilian authorities have said the country will hold a new bidding round for its pre-salt acreage by 2017. Meanwhile, pressure is building on Brazilian President Dilma Rousseff.
18 August 2015Jamaica welcomes LNG supply deal
Jamaica’s Energy Minister Phillip Paulwell has welcomed a new supply agreement with New Fortress Energy to supply LNG for its 120 MW Bogue power plant near Montego Bay.
17 August 2015YPF needs $200 billion to develop Argentine shale
Argentina’s YPF has said it will need around $200 billion to develop shale reserves, but low oil prices and uncertainty over the country’s next presidential election have deterred potential investments.
7 August 2015Colombia’s EcoPetrol profits fall in Q2
Colombia’s state-run energy company EcoPetrol reported a nearly 40% fall in net profits for Q2 year on year.
7 August 2015Bolivian vehicle conversions beat 330,000
Bolivia is switching gasoline-fuelled vehicles to CNG and converted more than 330,000 between 2012 and 2014, saving more than $250 million.
5 August 2015BP pulls out of Uruguayan waters
BP has withdrawn from exploring three oil and gas fields off the coast of Uruguay because of low crude oil prices and a high risk-to-reward assessment of the fields.
4 August 2015First gas delivered from Venezuela’s La Perla
Venezuela has received its first delivery from the offshore La Perla gas field.
4 August 2015Brazil: local discontent?
Delays and fines seem to be the product of Brazil’s local content requirements. Strict rules also seem likely to crimp future oil and gas production.
3 August 2015Cheniere Energy to supply Chilean power plant
Cheniere Energy has signed a 20-year LNG supply agreement with Chile’s Central El Campesino for 600,000 tpa from Cheniere’s Corpus Christi LNG plant in Texas from 2019.
31 July 2015Endesa Chile to phase out coal
Endesa Chile will no longer build coal plants in the country and has cancelled the Punta Alcalde coal project as part of its strategy to phase out its use of the fuel.
30 July 2015
Supply & Demand Chile could export surplus gas to Argentina
The development of the energy industry in northern Chile means it may soon export surplus gas from imported LNG to its neighbour Argentina, a terminal operator executive tells Interfax.
30 July 2015La Laguna pipeline project receives funding package
The La Laguna pipeline project to deliver gas from Texas to Mexico has received an $820 million funding package.
29 July 2015
Exploration & Production Rosneft’s investment focus in Latin America
Brazilian exploration is crucial to Rosneft’s strategy for Latin America, but the Russian giant denies nearing a sales agreement with Petrobras.
29 July 2015Bolivia to drill for oil and gas in national parks
Bolivia’s President Evo Morales has announced that energy companies will explore for oil and gas within the borders of seven of the country’s 22 national parks.
27 July 2015
Global Markets Brazil and Southern Cone trade 35 bcm in 2014
Brazil and the Southern Cone traded nearly 35 bcm in 2014 – including Bolivian pipeline gas and LNG imports – according to Interfax calculations.
27 July 2015Uruguay starting work on floating LNG terminal
Uruguay is slated to start work on its $1.1 billion floating LNG import project following the hiring of a new contractor, according to state-owned Gas Sayago.
20 July 2015Brazilian LNG imports up 121% in H1 2015
Brazil’s LNG imports soared in H1 2015 as a long-lasting drought marginalised hydropower in favour of fossil fuels.
20 July 2015Mexico opens up to foreign players
Mexico will open up its oil and gas acreage to foreign players for the first time in nearly 80 years on Wednesday.
15 July 2015
Exploration & Production Peru prepares improved offshore offering
Peru may relax regulation around offshore blocks to kickstart its stalled exploration sector, according to a Lima-based source.
9 July 2015About 1,418 articles for Latin America & Caribbean