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Petrobras (Petroleo Brasileiro SA), said it had discovered 56.6 billion cubic meters of recoverable natural gas in the Madre de Dios Basin, Peru. Brazil's state-led oil company said the find at the Urubamba, Picha and Taini wells also includes 113.7 million barrels of natural gas liquids...
Spain's Repsol has announced a large natural gas find in Peru’s Camisea fields. Preliminary estimates of Block 57 discovery are between 1-2 trillion cubic feet, according to majority stakeholder Repsol. Repsol is the operator of the block with a 53.84 percent interest. Petrobras of...
Peru may cancel its Camisea Block 56 gas contract with project partners citing a failure to pay adequate royalties on natural gas shipments from the fields, according to a government official. The consortium of six companies operating the Camisea project exported 10 shipments of gas from its Block 56...
A $55 million Peruvian natural gas project’s completion is expected this year, reports Bloomberg. Savia Peru is a joint venture between Colombia’s Ecopetrol SA and Korea National Oil Corp. The Punta Lagunas project, which will supply north coastal industries such as Vale’s Bayovar...
Increases in the production of natural gas and the opening of South America’s first liquefied natural gas (LNG) plant have enabled Peru to become a natural gas exporter despite rising domestic consumption. Peru has the potential to be a significant producer of both natural gas and petroleum due...
Peruvian President Ollanta Humala announced today that Peru will start construction of a $3 billion natural gas pipeline (Andino del Sur en Quillabamba-Cusco) from the Camisea fields, which will feed planned petrochemical plants in the southern part of the country. Brazil's Odebrecht and U.S. firm Conduit...
Peru's state-owned PetroPeru will become a partner in the Camisea consortium's Block 88 after the government wraps up negotiations with the consortium, Prime Minister Oscar Valdes said. "In Block 88, PetroPeru is going to enter as a partner," Valdes announced today in an interview. Valdes declined...
In an interview on Sunday, Peruvian President Ollanta Humala said that the Peruvian government is "one step away" from reaching a deal with the consortium developing Block 88, one of the main blocks in the Camisea field. The block, located in Southern Peru, would be used exclusively for domestic use.
The President of the Republic of Peru, Ollanta Humala, said the mass use of natural gas nationwide change the lives of Peru and revolutionize the national economy, and will cost much less than half of what liquefied petroleum gas (LPG) is now worth.In that sense, Humala said the government project aimed...
No issue in Latin America this year may be more fraught with volatility than energy.The Mayan calendar prophesied the end of the world this December. But for Latin America’s energy scene, the year is shaping up to be anything but a march toward the end of time. There are several themes to consider...