Displaying 1 - 10 of 13 articles
Repsol said it expects production at the Perla gas field, located off Venezuela's northwestern coast to begin in about 15 months. "The gas sales contract establishes a period of between 23 and 27 months for the first gas, but with early accelerated production ... we can move (that timetable) up to 14-15...
Argentine YPF and Venezuela’s PDVSA will be working together alongside Argentina’s state-owned energy company Enarsa, announced Julio De Vido, Minister for Federal Planning, Public Investment and Services. Both countries agreed that the working alliance will open up opportunities to extract...
Total Oil & Gas Venezuela has announced that the YPergas operating group will begin increasing sour natural gas production at Yucal Placer field in east-central Venezuela and eventually triple present output of 100 MMcfd. Yucal Placer project, which went into production in 2004, is a high-pressure...
Colombia announced it will send 50 percent more natural gas this year to neighboring Venezuela, which has yet to start producing the fuel commercially despite huge reserves. Colombia currently exports about 200 million cubic feet (mcf) of natural gas per day to OPEC-member Venezuela, but Energy Minister...
Korean firms including Daewoo, STX, SK, Hyundai have inked preliminary deals with Venezuela to participate in energy infrastructure projects worth a total of $11.1 billion in the South American country, the Ministry of Knowledge Economy said Wednesday. Seoul and Caracas also reached a framework agreement...
Key steering committee to meet regarding ongoing “accelerated” talks to iron-out arrangements linked to the monetization of the Loran Manatee natural gas field according to Energy Minister Kevin Ramnarine are to take place this month. Loran Manatee is a natural gas field whose areal extent...
The current Venezuelan government wants to develop natural gas production to meet growing domestic demand, which has forced it to import supplies from Colombia despite have some of the biggest reserves in the world. The Mariscal Sucre offshore natural gas project will begin production in December after...
By Steve LeVineIf Venezuelan President Hugo Chavez is forced to drop his bid for re-election for health reasons, will the primary repercussion for the West be the exit of a voluble thorn in the side? Perhaps, but it will also mean the prospect of yet more newly available oil reserves -- on top of the...
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...
Venezuela’s government signed a natural gas contract on Friday with the Spanish company Repsol-YPF and Italy’s Eni SpA that will allow for the development of vast hydrocarbons reserves of the Perla field.The Perla super-giant field, which contains over 16.3 trillion cubic feet of gas in place, equivalent...