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Oil and gas industry news from Latin America

Eni gains access to liquid reserves at Venezuela's Perla field

Submitted by Paddy Harris on Thu, 2014-06-05 09:25
05th June 2014
Eni gains access to liquid reserves at Venezuela's Perla field

The heads of Repsol, Eni and the Venezuelan licensing authority, PDVSA, have signed strategic agreements concerning the exploitation of the Perla field, one of the largest worldwide discoveries of the last decade

LandOcean supporting Range Resources at Trinidad onshore plays

Submitted by Paddy Harris on Tue, 2014-06-03 17:25
03rd June 2014
LandOcean assisting Range Resources at Trinidad onshore plays

Range Resources has entered into an integrated master services agreement (IMSA) with Beijing-based oil and gas services provider, LandOcean Energy Services

Tecnicas Reunidas wins USD 2.7bn refinery contract in Peru

Submitted by Paddy Harris on Mon, 2014-06-02 11:18
02nd June 2014
Tecnicas Reunidas wins USD 2.7bn refinery contract on Peru

Tecnicas Reunidas and Petroperu have signed the final agreement for the Talara refinery modernisation project in Peru

YPF strikes gas in Mendoza province

Submitted by Paddy Harris on Mon, 2014-06-02 10:51
02nd June 2014
YPF strikes gas in Mendoza province

Argentina national oil company YPF has made a discovery of tight gas in the western Argentine province of Mendoza, according to reports

Swiber clinches USD 80m Latin America subsea contract

Submitted by Paddy Harris on Mon, 2014-06-02 09:31
02nd June 2014
Swiber clinches USD 80m Latin America subsea contract

Swiber Holdings has won an engineering, procurement, installation and construction contract in Latin America for subsea development work including pipeline tie-in work, with an aggregate value of USD 80m

Gran Tierra Energy offloads Argentina operations to Madalena Energy

Submitted by Paddy Harris on Fri, 2014-05-30 16:52
30th May 2014
Gran Tierra Energy offloads Argentina operations to Madalena Energy

Gran Tierra Energy has announced that Madalena Energy has agreed to buy Gran Tierra Energy’s Argentina business unit for an aggregate consideration of approximately USD 69m

China eyes Latin America oil and gas potential

Submitted by Paddy Harris on Fri, 2014-05-30 16:20
30th May 2014
China eyes Latin America oil and gas potential

Chinese companies have been showing strong interest in Latin America’s oil and gas sector, with multibillion dollar cash injections proposed in Mexico, Peru and Venezuela

Argentina to drill more shale wells in Chabut region

Submitted by Paddy Harris on Fri, 2014-05-23 10:38
23rd May 2014
Argentina to drill more shale wells in Chabuut region

Argentina plans to drill at least 15 more shale oil and gas well in the country’s southern Chabut region over the nest three years, according to a local official

Venezuela looks to boost production with USD 22bn investment and shale gas gamble

Submitted by Paddy Harris on Thu, 2014-05-22 09:56
22nd May 2014
Venezuela looks to boost production at Maracaibo field with shale gas exploration

A joint venture between Venezuelan national oil company, PDVSA, and Brazil’s Petrobras expects to start shale gas exploration in the western section of the Lake Maracaibo field, whilst PDVSA plans to invest USD 24bn to boost capacity as it seeks to keep production at about 3mbpd to comply with its OPEC quota, according to a Venezuelan oil minister

Petroamerica tagets low-side fault closures at Colombia’s Llanos Basin

Submitted by Paddy Harris on Thu, 2014-05-22 09:37
22nd May 2014
Petroamerica tagets low-side fault closures at Colombia’s Llanos Basin

Petroamerica Oil has announced that it has entered into a definitive agreement, subject to the approval of the National Hydrocarbon Agency of Colombia (ANH), with Pacific Stratus Energy Colombia (PSE), a wholly owned subsidiary of Pacific Rubiales Energy, to acquire a 50 per cent working interest in the Llanos-19 Block

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