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Oil and Gas Jan, 15, 2019 0

Argentina’s Vaca Muerta Shale Play faces challenges

The potential growth of Argentina’s Vaca Muerta Shale Play may be deterred by location-specific logistical bottlenecks, the government’s austerity measures and high production costs. On the other hand, cash-strapped Argentina…
Oil and Gas Jan, 08, 2019 0

Petrobras’ oilfield receives bids from PetroRio and Karoon Energy

Brazil’s PetroRio SA and Australia’s Karoon Energy Ltd are reported to have made bids for the Bauna oilfield located in the Santos basin, a shallow water field owned by Petrobras, and…
Oil and Gas Jan, 03, 2019 0

Shell Argentina aims to produce 70,000 barrels of oil per day by 2025

Shell Argentina plans to develop unconventional oilfields in the Vaca Muerta basin that will speed up oil production in the country. The company announced plans to develop three adjacent blocks…
Oil and Gas Dec, 18, 2018 0

CNPE approves sixth-round auction of pre-salt oil area

Brazil’s National Council for Energy Policy (CNPE) has approved the sixth-round auction for the pre-salt offshore oil area, to be held on November 1, 2019. This time the auction will…
Oil and Gas Dec, 12, 2018 0

Argentina lodges complaint against Peru with WTO over bio-diesel tariffs

Argentina has lodged a complaint with the World Trade Organization (WTO) regarding Peru’s anti-dumping and anti-subsidy tariffs on its bio-diesel. The two countries failed to resolve a dispute over unfair…
Oil and Gas Dec, 04, 2018 0

Petrobras and Murphy form joint venture to explore oil and gas in Gulf of Mexico

Brazil’s state-owned oil company, Petrobras has entered into a joint venture with Murphy Exploration & Production Company for oil and gas exploration in the Gulf of Mexico. Petrobras received US$795…
Oil and Gas Nov, 29, 2018 0

Argentina plans to export natural gas via a floating LNG vessel

Argentina plans to begin exporting liquefied natural gas (LNG) from a part of its huge Vaca Muerta shale gas field, via a floating LNG liquefaction (FLNG) vessel provided by Exmar.…
Oil and Gas Nov, 27, 2018 0

Bolsonaro plans to auction Brazil’s pre-salt crude reserves

President-elect Jair Bolsonaro is seeking to raise US$30bn through auctioning off a portion of Brazil’s pre-salt crude reserves. However, he is already facing similar problems to his predecessors in doing…
Economy Nov, 22, 2018 0

Argentina launches its first offshore bidding round in 30 years

Argentina has launched its first offshore bidding round in 30 years, with the bidding including 14 blocks in Argentina’s deep-Atlantic region, 6 blocks in the Austral area and 18 blocks…
Economy Nov, 21, 2018 0

PAN American Energy prospects LNG exports

Argentinian petroleum company, Pan American Energy (PAE) is prospecting exports of liquefied natural gas (LNG) from Vaca Muerta shale play via Chile’s Quintero LNG terminal, using an existing 10m cubic…