Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Ecuador's state-run oil company Petroecuador on Thursday launched an auction for private companies to bid for a flagship offshore natural gas field, aiming at increasing the Andean country's production. Petrocuador is looking for a partner for exploring and developing the Amistad natural gas field, at the nation's Guayaquil Gulf, currently producing 24 million... Continue Reading →
(Y!F) With billions of people staying at home and the global economy shrinking, oil demand dropped significantly amid the coronavirus pandemic. Oil markets had been in turmoil and producers throughout the world encountered more challenges than ever. However, two years after the pandemic-driven epic oil price crash, optimism is back in the sector, with the... Continue Reading →
(Reuters) - Argentina has launched a tender process to build a new gas pipeline out of its huge Vaca Muerta shale formation that is expected to increase current transport capacity by 25%, the government said late on Friday. Companies have until July 8 to submit bids, according to a publication in Argentina's official gazette. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants,... Continue Reading →
African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines. The introduction of more oil and gas exploration and production licensing rounds across Africa will enable the continent to make new... Continue Reading →
(EV) “There is a unique opportunity to invest in new projects, given the high prices, which we expect to remain high for a few years,” IHS technical researcher for Africa Ismini Katsimpardi said. “Projects that were not viable one or two years ago can now go ahead.” Katsimpardi talked through discoveries in Cote d’Ivoire, Namibia... Continue Reading →
(Reuters) - The United States exported 7.29 million tonnes of liquefied natural gas (LNG) last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data. The United States is on track to become the world's largest LNG exporter this year, topping Australia and Qatar, as producers work... Continue Reading →
(Reuters) - As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis on Europe, where a combination of... Continue Reading →
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said. The projects are part of Ecopetrol's plan to ramp... Continue Reading →
African investment platform for the energy sector Energy Capital & Power has listed six key capital expenditure LNG project developments to watch in West Africa. The theme for this year’s MSGBC Oil, Gas & Power Conference & Exhibition is ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.’ This is a response to growing investor interest in... Continue Reading →
Brazil Energy Insight 