(Total, 3.May.2012) — Total has been awarded an exploration license for Uruguay’s offshore Block 14, following the second bidding round held by the national company, ANCAP. This license remains subject to further approval by Uruguayan authorities. Block 14 has a surface area of 6,690 km² and is located in the […]
Galp Energia Inks E&P Deal In Uruguay
(Galp Energia, 2.Sep.2010) — Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, an exploration and production agreement for the Uruguayan continental platform with Acap, the national oil company of Uruguay. Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, […]
Venezuela Seizes Helmerich & Payne Rigs
(TulsaWorld, Rod Walton, 2.Jul.2010) – The action comes amid a payment dispute in which the company left the equipment idle. Helmerich & Payne’s 52-year business relationship with Venezuela came to at least a temporary end Thursday as President Hugo Chavez’s government seized 11 rigs owned by the Tulsa contract drilling […]
Paraguaná Wind Farm In Venezuela Operational In 2011
(EVWind, 14.Apr.2010) — Paraguana peninsula in Falcon state, located in the northwestern region, about 453 kilometers from the city of Caracas, is the first place in the country where they will launch a wind farm in 2011, a fact which confirms a clean energy supply and quality for Venezuelans. Petroleos […]
Report Evaluates Economic Benefits Of Camisea Project
(IDB, 29.Oct.2007) — The Camisea natural gas project has transformed Peru, reducing energy costs, increasing national revenue and spurring economic growth, according to a study released by Apoyo ConsultorĂa , one of Peru’s leading economic consulting firms. The firm said in a study commissioned by the IDB that the project […]
Petro-Canada Joins Venezuelan Oil Exodus
(Reuters, 26.Jun.2007) — Petro-Canada has pulled out of Venezuela by rejecting new nationalistic terms for oil projects and passing its stake in one discovery to President Hugo Chavez’s government, it said on Tuesday. “We have decided not to migrate to the new commercial structure, so our working interest passes to […]
Large Oil Field Is Found in Belize; the Angling Begins
(NPR, 11.Oct.2006) — An oil discovery in Belize could be a windfall for this poor, underdeveloped Central American country. But there are concerns that the government will mismanage the resource and allow the new oil industry to destroy Belize’s pristine wilderness. U.S. oil companies are also fuming that the government […]
Bolivia’s Nationalization of Oil and Gas
(Council on Foreign Relations, Carin Zissis, 12.May.2006) — In a region seen as turning leftward, forging alliances would seem a natural course of events. But Bolivian President Evo Morales’ decision to nationalize the oil and gas industry is exposing tensions, causing experts to say there is more diffusion than alliance-building […]