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Oil and gas industry news from Latin America

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

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

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