- Joe Barone, Shale Directories
- Blog
- September 16, 2020
Petrobras revises E&P portfolio
Brazilian state-run oil and gas company Petrobras has revised its exploration and production (E&P) portfolio in face of the Covid-19 crisis, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 10, 2020
Latam set for renewables capacity boom by 2025: Rystad
Renewable energy capacity in Latin America (Latam) is set to rise to 123 gigawatts (GW) over the next five years, according to new analysis from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- September 9, 2020
ExxonMobil makes new discovery offshore Guyana
ExxonMobil has announced its 18th offshore Guyana crude oil discovery at the Redtail-1 well, Kallanish Energy reports. That discovery will add to the 8 billion oil-equivalent barrels projected from the Stabroek Block.- Joe Barone, Shale Directories
- Blog
- September 4, 2020
YPF to redeploy Vaca Muerta rigs: governor
Argentina’s oil and gas company YPF is planning to redeploy its inactive rigs in the Vaca Muerta unconventional play and resume activities over the next six months.- Joe Barone, Shale Directories
- Blog
- September 3, 2020
Brazil’s Lower House approves natgas reform
Brazil’s Chamber of Deputies has approved the introduction of a new gas framework for the country, Kallanish Energy reports. The bill, which will now be passed to the Brazilian Senate to vote on, was approved on Tuesday by 351 votes to 101, providing for the “authorization instead of concession” for the transportation of natural gas and storage in depleted oil fields.- Joe Barone, Shale Directories
- Blog
- August 21, 2020
Chile imports first LNG cargo from Australia
Chile has received its first liquefied natural gas (LNG) shipment from Australia, as the ongoing supply gut leads to the opening of new trade routes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 18, 2020
Total, partners FID Phase 3 of Mero project in Brazil
France’s Total announced on Monday the Phase 3 of the Mero project, located offshore Brazil, has received a positive final investment decision (FID), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 18, 2020
Colombia’s powergen boosts gas sales in July
Colombia’s power generation sector has boosted the volume of natural gas contracted in the country’s primary market, with total gas demand increasing 23.4% year-on-year in July.- Joe Barone, Shale Directories
- Blog
- August 14, 2020
Argentina’s planned gas scheme ‘key’ to its vast reserves
Argentina’s new planned gas program will be key to increase cash flow generation to develop the country’s vast natural gas reserves, YPF chief executive said earlier this week.- Joe Barone, Shale Directories
- Blog
- August 14, 2020
YPF to review 11,000 contracts in ‘unprecedented’ cost cutting
YPF will review around 11,000 contracts with vendors in a bid to boost its 30% cost reduction this year, the company said in an earnings presentation on Wednesday.- Joe Barone, Shale Directories
- Blog
- August 14, 2020
YPF’s natgas output slides 12.7% in Q2
Argentina’s oil and gas company YPF has reported a 12.7% year-on-year drop in its natural gas production during the second quarter of 2020, on the back of market conditions.- Joe Barone, Shale Directories
- Blog
- August 12, 2020
China’s SPIC buys 33% stake in Brazil’s LNG-to-power projects
China’s top state electricity generator SPIC has acquired a 33% stake in two LNG-to-power projects in Brazil’s Rio de Janeiro state, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 10, 2020
Peru’s LNG exports up 27.4% in July
Peruvian liquefied natural gas (LNG) exports continued to increase in July, with shipments rising 27.4% year-on-year to 415,815 tonnes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 10, 2020
Frontera’s Q2 output down 42.7% on shut-ins, force majeure
Canadian-based, South American-focused oil and gas company, Frontera Energy, reported a 42.7% year-on-year decline in its hydrocarbons production during the second quarter of 2020.- Joe Barone, Shale Directories
- Blog
- August 7, 2020
Brazil’s Buzios field sets new record production level
Brazilian state-run oil company Petrobras announced on Wednesday a new monthly production record in its pre-salt Buzios field, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- August 7, 2020
GeoPark’s Q2 gas prices average $2.8/Mcf
Independent Latin American oil and gas explorer, GeoPark, saw its natural gas prices and sales decline 38% in the second quarter, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 5, 2020
Petrobras starts bidding process in Bahia LNG terminal lease
Brazilian state-run oil company Petrobras has kicked started the process to lease its Bahia LNG regasification terminal, in northeast Brazil, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 23, 2020
Petrobras declares force majeure on Bolivian gas contract in Q2
Brazilian state-run oil and gas company, Petrobras, has declared force majeure on its Bolivian gas imports contract, as gas sales were down roughly 20%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 21, 2020
Covid-19 accelerates Venezuela’s hydrocarbon sector crash
Venezuela’s oil and gas sector is truly nearing its collapse, with the Covid-19 pandemic accelerating its destruction despite world-scale resources, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2020
GM to sell 5 million EV s by 2026: WoodMac
U.S. auto giant General Motors (GM) is expected to hit 5 million in cumulative electric vehicle sales by 2030, according to new research from Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- July 16, 2020
Petrobras halves time, cost of post-salt drilling
Brazilian state-run oil company Petrobras has halved the time and cost of drilling a well in mature post-salt fields, offshore Brazil, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 16, 2020
Argentina halts Vaca Muerta gas pipeline project
Argentina’s Energy Secretariat has suspended the construction of a major pipeline to transport natural gas from Vaca Muerta, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 15, 2020
Petrobras open to receive bids in Gaspetro sale
Brazil’s Petrobras has begun the binding phase of its 51% stake sale in gas distribution company Gaspetro, Kallanish Energy reports. The process starts the divestment of Petrobras’ entire stake in Gaspetro and welcomes qualified parties to submit their binding proposals.- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Argentina’s gas subsidy unlikely to incentivize higher production
Argentina’s planned natural gas subsidy of $3.5 per million British thermal units (MmBtu) is unlikely to boost domestic production, according to analytics company GlobalData.- Joe Barone, Shale Directories
- Blog
- June 30, 2020
Exmar readies to dispute YPF’s force majeure notice
Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 17, 2020
ExxonMobil slashes Guyana oil output to control flaring rates
ExxonMobil has had to reduce its crude oil production in Guyana to avoid surpassing gas flaring limits imposed by the government, according to the country’s Environmental Protection Agency (EPA).- Joe Barone, Shale Directories
- Blog
- June 11, 2020
Shell resumes operations at Bajada de Añelo
Shell Argentina has confirmed activities at its Bajada de Añelo unconventional block, in the Vaca Muerta shale formation, were resumed on Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 29, 2020
Petrobras opens processing capacity to third-party firms
Brazilian state-run oil and gas company Petrobras is offering third-party companies access to its natural gas processing capacity in Brazil, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 15, 2020
Peru’s LNG exports up 6.9% in March
Peru’s liquefied natural gas (LNG) exports continued its growing trend in March, with volumes increasing by 6.9% year-on-year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 6, 2020
Apache, Total hit second discovery off Suriname
Apache Corporation and Total announced last week a second “significant” light oil and gas condensate discovery offshore Suriname, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Petrobras cuts production by 3%, slash investments
Brazilian state-run oil company Petrobras said on Thursday it reducing production by 100,000 barrels per day by month-end in a response to the oil price shock and the impacts of Covid-19.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Golar Power to start Brazil’s 1st LNG-to-power station
Brazilian electricity regulator Aneel has given the go-ahead for the start of commercial operations at the country’s first integrated LNG-to-power project, developer Golar Power said this week.- Joe Barone, Shale Directories
- Blog
- March 18, 2020
Golar plans LNG import terminal in Brazil
Liquefied natural gas shipping company, Golar LNG, has revealed plans to develop an LNG import terminal in the Port of Suape, to meet power generation demand in Brazil’s northeastern region, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Sandvik bags major stainless umbilicals order for Brazil
Swedish special materials producer Sandvik tells Kallanish Steel, sister publication of Kallanish Energy, that it has won a major order for tube for a Brazilian offshore application.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
Mercantile & Maritime to end shipping of Rosneft’s Venezuelan oil
Singapore-based Mercantile & Maritime group, a global business operating across the oil and gas value chain, confirmed Monday it will terminate its shipments of Venezuelan oil for Rosneft, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 2, 2020
Maduro revamps PDVSA leadership
Venezuela has named four new vice presidents for a quartet of units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA announced Saturday.Ecopetrol, Oxy to drill 90 wells in Permian this year
Colombian state-run oil company Ecopetrol expects its joint venture with Occidental Petroleum to drill 90 wells in the Permian Basin this year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 24, 2020
Brazil’s oil, natural gas output sets records in January
Brazil’s oil and natural gas production hit record highs in January, the Brazilian government said last week, Kallanish Energy learns. Last month’s oil production reached 3.17 million barrels per day (Mmbpd), up 1.99% from December, and up 20.43% year-on-year, according to the state-run National Agency of Petroleum, Natural Gas and Biofuels.- Joe Barone, Shale Directories
- Blog
- February 20, 2020
PDVSA shakeup designed to stop crude output plunge
Venezuela President Nicolas Maduro is expected to install new leadership at state oil company Petroleos de Venezuela SA, aka, PDVSA, as he hopes to end the crumbling of the nation’s oil industry, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- February 11, 2020
I Squared acquires interest in Colombia’s OCENSA line
Global infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired an indirect equity interest in Oleoducto Central, S.A.- Joe Barone, Shale Directories
- Blog
- February 6, 2020
Venezuela exported 14% less oil in January, stocks still fell
Venezuela’s oil exports declined almost 14% in January from December, but crude oil inventories fell, helping state-run company PDVSA deal with a storage glut accumulated due to U.S.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
Ecuador inks service pacts for 6 oilfields
Ecuador’s state-owned oil company, Petroamazonas, has signed service contracts worth $1.62 million for the development of six onshore oilfields in the Orellana, Napo and Sucumbios provinces, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
U.S. extends Venezuelan license for Chevron, OFS firms
U.S. supermajor Chevron and four oilfield services (OFS) firms are authorized to continue operations in Venezuela through Jan. 22, 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 18, 2019
Venezuela could cede control of PDVSA: paper
The government of Venezuela is ready to hand over full control of its state-run oil company PDVSA (Petroleos de Venezuela) to Russia’s Rosneft, El Nacional newspaper said, citing sources in the industry, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 2, 2019
Sempra selling stake in Luz del Sur in Peru
Sempra Energy said this week it’s selling its equity interests in its Peruvian businesses, including its 83.6% stake in electric utility Luz del Sur S.A.A.- Joe Barone, Shale Directories
- Blog
- September 18, 2019
Venezuela can’t find vessels to ship its oil
Exports of Venezuelan crude oil, severely curtailed due to U.S. sanctions, now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro, Bloomberg reports.- Joe Barone, Shale Directories
- Blog
- July 22, 2019
McDermott awarded pre-Feed pact for LNG project
McDermott International said last week it was awarded a contract valued between $1 million and $50 million by Argentina-based YPF, S.A. to provide pre-front-end engineering design (pre-Feed) services for a five million tonnes per annum (Mtpa) LNG liquefaction facility.- Joe Barone, Shale Directories
- Blog
- July 10, 2019
Petrobras strikes deal with regulator to sell assets
Brazilian state-owned oil firm Petroleo Brasileiro SA (Petrobras) has reached an agreement with anti-trust regulator Cade to sell natural gas transportation and distribution assets.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
ExxonMobil to proceed with oil development in Argentina
ExxonMobil said Tuesday it will develop an onshore oil project in Argentina that could produce up to 55,000 barrels of oil-equivalent per day (Boe/d) within five years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
YPF prepares first shipment of LNG from Argentina
Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Petrobras to sell onshore fields
Brazilian multinational corporation Petrobras Monday launched the sale of two sets of onshore concessions, Kallanish Energy learns. The concessions are located in the northeastern state of Bahia, where Petrobras is operator and fully owns all but two concessions.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Petrobras approves addendum for $9 billion compensation
The board of directors of Brazilian state-owned Petrobras approved Tuesday an addendum to a transfer-of-rights oil contract which establishes a $9 billion reimbursement, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Venezuela’s crude production lowest in 16 years
In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Venezuela bypasses U.S. sanctions by selling crude via Russia
Venezuelan President Nicolas Maduro is moving cash from Venezuelan oil sales through Russian state energy giant Rosneft, as he looks to evade U.S.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Engie, Caisse to buy Petrobras pipe unit for $8.6B
Petroleo Brasileiro SA (Petrobras) agreed to sell its 90% stake in a Brazilian natural gas pipeline company to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
U.S. adds companies, ships to Venezuela sanctions list
The U.S. Friday added two companies which ship crude oil from Venezuela to Cuba, along with 34 ships, to a financial sanctions list aimed at increasing pressure on Venezuelan President Nicolas Maduro to step down and turn over power to his opposition.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Activity stops at Venezuela’s main oil port after blackout
Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters.- Joe Barone, Shale Directories
- Blog
- March 14, 2019