The region's week in 10 stories
Latest numbers from Peru reveal the impact the oil price plunge has had on the country's upstream hydrocarbons sector, with investment hitting a four-year low in 2016.
Exploration and production investment last year reached US$55.9mn and US$296mn compared to US$317mn and US$438mn, respectively, in 2015 and US$947mn and US$933mn in 2012, according to figures from hydrocarbons licensing authority Perupetro.
BNamericas' Oil & Gas Survey 2017 also highlights Peru's community relations challenge which would help explain in part the country's low sector attractiveness. Read more here
In other oil and gas sector news this week:
BRAZIL
Oil and gas companies bidding for contracts in Brazil's fourth licensing round for marginal fields will be exempt from strict local content rules, industry regulator ANP said on Thursday.
Meanwhile Brazil's state-run oil company Petrobras has announced it will appeal a court decision to suspend a tender for its Libra field pilot production platform.
And Brazil could stage two pre-salt oil auctions this year as it seeks to capitalize on renewed market optimism, according to the mining and energy ministry.
CHILE
Chilean national oil company Enap filed an environmental impact assessment with authorities in southernmost Magallanes region (XII) for a US$155mn E&P project.
ARGENTINA
A majority of oil producers and refiners in Argentina have reached an agreement to allow the local Medanito crude benchmark to converge with Brent in 2017, according to independent driller Madalena Energy.
Meanwhile Argentine national oil company YPF acquired a 50% stake in Petrofaro from Chile's Enap for US$5.36mn.
BOLIVIA
Bolivia's state hydrocarbons company YPFB and unit YPFB Chaco signed 40-year E&P service contracts for areas Aguaragüe Centro and Itacaray.
REGIONAL
Mexico, Cuba and the US have signed a series of agreements to delimit the so-called eastern polygon, or donut hole, where their maritime boundaries overlap in the Gulf of Mexico, allowing for exploration of hydrocarbon reserves.
And Latin America looks set to benefit from new LNG terminals and export facilities planned for Texas, taking advantage of new gas finds in the state that surpassed 90Tf3 last year.
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News in: Oil & Gas (Peru)
Repsol inaugurates its first electric car charging station in Peru
The Repsol station for electric vehicles, located in San Isidro, allows faster charging.
Correction: Fitch Assigns First-Time Ratings to Pluspetrol Camisea and Pluspetrol Lote 56
The companies generate stable and predictable cash flows through contracted volumes and predictable prices in Peru
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Other projects in: Oil & Gas (Peru)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block 183
- Current stage:
- Updated:
5 years ago
- Project: Block 114
- Current stage:
- Updated:
5 years ago
- Project: Block 109
- Current stage:
- Updated:
5 years ago
- Project: Block Z-50
- Current stage:
- Updated:
5 years ago
- Project: Block Z-58
- Current stage:
- Updated:
5 years ago
- Project: Block Z-60
- Current stage:
- Updated:
5 years ago
- Project: Block Z-59
- Current stage:
- Updated:
5 years ago
- Project: Pampa Melchorita LNG plant
- Current stage:
- Updated:
1 week ago
- Project: Camisea gas pipeline expansion: II Coast Loop + Pk 127 Compressor Station
- Current stage:
- Updated:
1 week ago
- Project: Block Z-66
- Current stage:
- Updated:
5 years ago
Other companies in: Oil & Gas (Peru)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: P.A. Perú, S.A.C. (P.A. Perú)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Combustion and Energy S.R.L.
- Company: Mercantil Commodity S.A.C.
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Mercantil Commodity S.A.C./Mercantil S.A. has 35 years of experience in distribution of sodium cyanide in Peru and Latin America. The company was the first in Peru to work under...
- Company: Tigerengineering Colombia S.A.S Sucursal del Perú (SUMMUM) (Summum Projects Perú)
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Alfa Laval S. A. Sucursal Perú (Alfa Laval Perú)
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Lima-based Alfa Laval S.A. (Peru) is the Peruvian branch of Swedish multinational company Alfa Laval Corporate AB and it started operating in the country in 1962. The company fo...
- Company: Quimtia S.A. (Quimtia)
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Quimtia is a Peruvian company engaged in the distribution, production and sale of chemical products, industrial supplies and industrial solutions for the food and pharmaceutical...
- Company: Honeywell Perú, S.A. (Honeywell Perú)
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Honeywell Perú S.A., a local subsidiary of US-based Honeywell International Inc., started operations in the country in 1998. The firm has an office in Lima which opened in 2008 ...
- Company: C&M Servicentros S.A.C. (C&M Servicentros)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: CNPC Perú S.A. (CNPC Perú)
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CNPC Perú, previously Petrobras Energia Peru, is a local subsidiary of China National Petroleum Corporation (CNPC). It started operating blocks VII and VI in 1993 where it engag...
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