Oil & Gas: The week in 10 stories

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Friday, August 24, 2018

Argentina's energy ministry issued a resolution that establishes the procedure for the authorization of natural gas exports and repeals a 1998 resolution that established the regulation for such exports.

YPF, Río Negro province and the municipality of Allen signed a contract whereby the NOC envisions investment of US$559mn through 2022 in the area known as Fernández Oro.

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Aconcagua, El Trébol and YPF secured E&P contracts as part of a licensing round for unconventional areas in Mendoza.

BOLIVIA

State hydrocarbons company YPFB spudded the Sipotindi X-1 (SIP X-1) exploration well in Chuquisaca department.

BRAZIL

Oil and gas projects in the country could require 56 new offshore platforms by 2027, with investments estimated at over 1tn reais (US$250bn), according to regulator ANP.

CHILE

GeoPark reported the successful drilling and testing of the Jauke 1 exploration well in the Fell block.

COLOMBIA

Crude oil production fell in July compared to June as scheduled stoppages limited output from key fields.

MEXICO

Hydrocarbons commission CNH approved a request from Pemex to change the development plan for the country's largest oil and gas producing field, Maloob, which accounts for 25% of total production.

TRINIDAD

Shell announced first gas from the Dolphin extension campaign in the East Coast Marine Area.

VENEZUELA

And ConocoPhillips entered into a settlement agreement with PDVSA to recover approximately US$2bn awarded by an arbitration tribunal.