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Oil & Gas / Perspectives

Still time to break into the Colombia E&P

Steve Bell

CEO
Remora Energy


When oil company Remora Energy was formed with capital from private equity firm First Reserve and US oil company Nabors Industries, it surveyed the world for where to begin operations. The company isolated three candidate countries and chose to pursue Colombia where it has become a sizeable player in the Llanos basin. In a world being scoured by oil companies for new ventures, Remora is a rare story of relatively quick success. BNamericas spoke to Steve Bell, Remora founder and CEO, on the sid

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Pemex's role in reducing Mexico's CO2 emissions


Todd M Johnson

Energy specialist
World Bank

October 30, 2009

World Bank recently stated in a new research report that Mexico could reduce its CO2 emissions by at least 42% or 477Mt/y by 2030 without sacrificing economic development. Significant opportunities for CO2 reduction were identified in the areas of transp more No permission

Petrobras goes back to the capital markets


José Luis Villanueva

Director
Fitch Ratings

October 23, 2009

zil's federal energy company Petrobras announced earlier in the week that it would head back to capital markets to launch an overseas bond issue. The move is part of the company's strategy to replace bridge loans taken from commercial banks at the more No permission

Weekly Wrap|Perspectives

Published: Friday, November 06, 2009

Brazil's prolific offshore pre-salt areas are attracting interest from major oil companies around the world, but the newly formed HRT Oil & Gas raised eyebrows this week when it said that it would take the search for pre-salt reserves onshore - but with natural gas rather than oil being the target.

The company, which just raised US$275mn from private placements in North America, is aiming to invest US$260mn over the next two years to explore the onshore pre-salt layer in Brazil's Amazonic Solimões basin.

"There is a huge natural gas reserve there in an onshore pre-salt layer. We are already mapping the region, and we believe the Solimões basin will be the main natural gas source of Brazil," company CEO Marcio Mello told journalists in Rio de Janeiro.

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Coming Up

  • November  11, 2009

    Argentina's Neuquén province has extended the bidding process for eight new areas. Interested companies have until November 11 to submit bids. - Argentina

  • November  12, 2009

    Venezuela's government is set to release new terms for the Carabobo tender for seven Orinoco heavy crude blocks on November 12. - Venezuela

  • November

    Vancouver-based Ivanhoe Energy expects to begin drilling operations on the Pungarayacu field in block 20 in Ecuador in November. - Ecuador

  • November  26, 2009

    Thanksgiving Day, US markets closed. - Regional

  • November  27, 2009

    Trinidad & Tobago's state oil company Petrotrin launched an international bidding process to provide marine vessel services for its oil and gas operations in the Soldado field. Applications are due by November 27. - Trinidad & Tobago