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Oil and gas industry news from Latin America

IFC-led consortium buys into Pacific Rubiales pipeline subsidiary

Submitted by Paddy Harris on 17th December 2014
17th December 2014
IFC-led consortium buys in to Pacific Rubiales pipeline subsidiary

Pacific Rubiales Energy has executed definitive agreements with the International Financial Corporation (IFC), a member of the World Bank Group, the IFC Global Infrastructure Fund and a consortium of investors, to sell approximately 43 per cent of its interest in its pipeline and power transmission entity Pacific Midstream

LGO flows oil at GY-670 onshore Trinidad

Submitted by Paddy Harris on 15th December 2014
15th December 2014
LGO flows oil at GY-670 onshore Trinidad

LGO has announced that its most recently completed well, GY-670, at the Goudron Field in Trinidad was perforated on 12 December over a 177-foot interval of oil pay in the C-sands and is now flowing at a stabilised, but highly restricted, rate of 1,085 barrels of oil per day (bopd) of 37 degree API water-free oil through a 9/32" choke with a well-head flowing pressure of 1,290 psi

SeaBird nets USD 30m Americas offshore shoot

Submitted by Paddy Harris on 12th December 2014
12th December 2014
SeaBird Exploration has received a Memorandum of Agreement (MOA) from an unannounced company to acquire up to 45,000 kilometres of 2D seismic data in the North/ South America region

SeaBird Exploration has received a Memorandum of Agreement (MOA) from an unannounced company to acquire up to 45,000 kilometres of 2D seismic data in the North/ South America region

Asia middle class growth to raise global energy demand 35 per cent by 2040, according to report

Submitted by Paddy Harris on 10th December 2014
10th December 2014
India and China middle class growth to raise global energy demand 35 per cent by 2014, according to report

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 per cent increase in energy demand by 2040, according to a new report released today by ExxonMobil

President hits oil and gas at Lapacho x-1 well onshore Paraguay

Submitted by Paddy Harris on 10th December 2014
10th December 2014
President hits oil and gas at Lapacho x-1 well onshore Paraguay

President Energy has reached TD at 4,543 metres at the Lapacho x-1 well in the Santa Rosa Formation, the primary pre-drill target, with 418 metres of the 600 metre target interval drilled, with encouraging hydrocarbon shows encountered throughout the gross formation thickness extending right to TD, with high background gas of up to 20 per cent and trip gas of up to 48 per cent (C1-C5 gas present)

Crown Point sees gas and oil flowing at Tierra del Fuego well onshore Argentina

Submitted by Paddy Harris on 10th December 2014
10th December 2014
Crown Point sees gas and oil flowing at Tierra del Fuego well onshore Argentina

Crown Point Energy has announced test results for the first of two exploration wells at its 25.78 per cent-owned Tierra del Fuego (TDF) concessions in Argentina; results for the second well are expected by the end of December

BG sees first gas from offshore Trinidad development

Submitted by Paddy Harris on 9th December 2014
09th December 2014
BG Group has delivered first gas from its Starfish field in the East Coast Marine Area of Trinidad with the start-up of the first well in the programme

BG Group has delivered first gas from its Starfish field in the East Coast Marine Area of Trinidad with the start-up of the first well in the programme

EMGS bags Uruguay 3D shoot for BG

Submitted by Paddy Harris on 8th December 2014
08th December 2014
EMGS bags Uruguay 3D shoot for BG

Electromagnetic Geoservices ASA (EMGS) has been awarded a contract from BG Group worth approximately USD 27m for 3D EM data acquisition in Uruguay

Pemex and Reliance sign upstream collaboration agreement

Submitted by Paddy Harris on 8th December 2014
08th December 2014
Pemex and Reliance sign upstream collaboration agreement

Reliance Industries Limited (RIL) and the Mexican state owned company, Petroleos Mexicanos (Pemex) have entered into a Memorandum of Understanding (MOU)

LGO completes eight Goudron well as producer onshore Trinidad

Submitted by Paddy Harris on 8th December 2014
08th December 2014
LGO completes eight Goudron well as producer onshore Trinidad

LGO has announced that its eighth well, GY-671, has reached total depth at 3,598 feet measured depth (MD) on 6 December and has been electrically logged and has been cased for completion as a C-sand producer

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