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Oil and gas industry news from Latin America

InterMoor completes mooring and foundation installation for BP off Trinidad and Tobago

Submitted by Paddy Harris on 26th January 2015
26th January 2015
InterMoor has successfully completed a mooring and foundation installation campaign for bpTT’s (BP Trinidad and Tobago) Juniper gas project offshore Trinidad and Tobago

InterMoor has successfully completed a mooring and foundation installation campaign for bpTT’s (BP Trinidad and Tobago) Juniper gas project offshore Trinidad and Tobago

Rex strikes oil at two wells onshore Trinidad

Submitted by Paddy Harris on 21st January 2015
21st January 2015
Rex International has announced that its 98.4 per cent-owned licence-holding company, Caribbean Rex, has completed the drilling of three wells in the South Erin Block in Trinidad and Tobago

Rex International has announced that its 98.4 per cent-owned licence-holding company, Caribbean Rex, has completed the drilling of three wells in the South Erin Block in Trinidad and Tobago

LGO raises funds for Goudron development onshore Trinidad

Submitted by Paddy Harris on 15th January 2015
15th January 2015
LGO has raised around USD 2.4m (GBP 1.575m) to fund its continued work programme at the flagship Goudron Field development onshore Trinidad

LGO has raised around USD 2.4m (GBP 1.575m) to fund its continued work programme at the flagship Goudron Field development onshore Trinidad

Petrel excited following boosted Uruguay reserve assesment

Submitted by Paddy Harris on 13th January 2015
13th January 2015
Petrel Energy, a 51 per cent shareholder of Schuepbach Energy International LLC (SEI), has announced the first independent Prospective Resource certification for the Salto and Piedra Sola concessions in the Norte Basin Uruguay

Petrel Energy, a 51 per cent shareholder of Schuepbach Energy International LLC (SEI), has announced the first independent Prospective Resource certification for the Salto and Piedra Sola concessions in the Norte Basin Uruguay

Pacific Rubiales and Petroamerica see oil flow at Llanos Basin well onshore Colombia

Submitted by Paddy Harris on 12th January 2015
12th January 2015
Testing operations have established a stabilised test rate of 760 barrels of oil per day (bopd) from the Pacific Stratus Energy Colombia-operated (a subsidiary of Pacific Rubiales) Langur-1X exploration well on the LLA19 Block in the Llanos Basin of Colombia

Testing operations have established a stabilised test rate of 760 barrels of oil per day (bopd) from the Pacific Stratus Energy Colombia-operated (a subsidiary of Pacific Rubiales) Langur-1X exploration well on the LLA19 Block in the Llanos Basin of Colombia

Mexico’s CFE dishes out cross-border pipeline contract to Energy Transfer Partners-led consortium

Submitted by Paddy Harris on 9th January 2015
09th January 2015
The CFE, Mexico’s federal electricity commission, has awarded a USD 767m contract to design and construct the US section of the Waha-Presidio natural gas pipeline, designed to connect Mexico and the US, to a consortium comprised of Energy Transfer Partners, LP, Mastec, Inc., and Carso Energy

The CFE, Mexico’s federal electricity commission, has awarded a USD 767m contract to design and construct the US section of the Waha-Presidio natural gas pipeline, designed to connect Mexico and the US, to a consortium comprised of Energy Transfer Partners, LP, Mastec, Inc., and Carso Energy

Harvest eyes Gabon development following Venezuela asset sale termination

Submitted by Paddy Harris on 5th January 2015
05th January 2015
Harvest eyes Gabon development following Venezuela asset sale termination

Harvest Natural Resources has announced that the Share Purchase Agreement (SPA) between Petroandina Resources Corporation (Petroandina), Pluspetrol Resources Corporation (Pluspetrol), Harvest and HNR Energia, a wholly-owned subsidiary of Harvest, for the purchase of Harvest's remaining interests in Venezuela for a purchase price of USD 275m in cash has been terminated as a result of the failure to obtain approval of the transaction from the Venezuelan government by December 31, 2014

Canacol takes two Colombia onshore blocks from OGX

Submitted by Paddy Harris on 19th December 2014
19th December 2014
Canacol Energy has announced that CNE Oil and Gas, a subsidiary of the corporation, has acquired 100 per cent interest in the VIM 5 and VIM 19 exploration and production contracts from OGX Petroleo E Gas S.A.

Canacol Energy has announced that CNE Oil and Gas, a subsidiary of the corporation, has acquired 100 per cent interest in the VIM 5 and VIM 19 exploration and production contracts from OGX Petroleo E Gas S.A.

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

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