Displaying 1 - 8 of 8 articles
Repsol SA of Spain will sell off its Chilean natural gas unit for $540 million and will use a portion of the proceeds to pay off debt. In a statement on Wednesday, Repsol announced it will sell Repsol Butano Chile to a consortium of Chilean investors. Repsol Butano Chile holds a 45 percent piece of...
Copper miners in Chile over the past ten years have paid the highest prices in South America for energy and are now analyzing the use and consumption of shale gas in their processes. A recent International Energy Agency (IEA) report revealed Chile could hold the third largest reserves of the unconventional...
Enagas has agreed to acquire BG Group’s 40% interest in GNL Quintero SA, operator of an LNG terminal in Chile. The terminal, in Quintero Bay has total storage capacity of 330,000 cu m and regasification capacity of 3.4 billion cu m/year. The Spainish gas-network operator will pay upwards...
Latin American independent oil and gas explorer Geo Park Holdings expansion plans involve drilling 45 to 55 new wells in Chile, Colombia and Argentina, which should help increase 2011 oil and gas production by 80%, with investments of 240 million dollars. “We are beginning 2012 with...
BG Group Plc plans to sell half of its 40 percent interest in the Quintero liquefied natural gas plant on Chile’s central coast as it focuses on developing natural-gas fields in the U.K. and Brazil.U.K. based BG plans to keep 20 percent of the plant and will consider an expansion with other shareholders...
Many traditional oil-importing countries such as France and Chile could transform themselves into exporters since the discovery shale gas.According to experts cited in an analysis from entornointeligente.com, which cited British Petroleum (BP), proven reserves of conventional gas reach about 187 billion...
GeoPark Holdings Limited, the Latin American oil and gas explorer and producer, has announced an in-principle agreement with LG International Corporation (“LGI”), the Korean conglomerate, for LGI to acquire an additional 10% interest in GeoPark's Chile business for US$78 million in cash.The Transaction...
Empresa Nacional del Petroleo (Enap) and Pan American Energy have discovered oil and gas fields on the Coiron Block in the Magallanes region in Southern Chile.La Tercera reported that gas was also found in the Los Cerros-1 well at a depth of between 900 and 1200 metres, and light oil, graded 42 degrees...