Oil & Gas: The week in 10 stories

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Friday, October 12, 2018

BOLIVIA

YPFB reported that construction is underway of five satellite regasification stations as part of a project to supply gas to communities that lack piped supplies.

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BRAZIL

Petrobras started the sale of its 100% share in the Lagoa Parda cluster, comprising three onshore production fields: Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha, in Espírito Santo state.

CHILE

Graña y Montero won a new contract with state oil company Enap, a little over a month after securing work with the NOC.

COLOMBIA

Ecopetrol said it no longer sees 1Mb/d as a viable long-term production target and is turning its focus to greater efficiency.

A lawsuit challenging construction of the Pacific coast LNG regasification project was filed with the country's highest administrative tribunal.

Frontera Energy discovered light oil at its Acorazado-1 exploration well.

MEXICO

Pemex announced the discovery of seven reservoirs which the company hopes will add 180Mboe to the country's 3P reserves.

Hydrocarbons commission CNH approved modifications to the development plans of two fields operated by Pemex and the evaluation plan of a third awarded to Oleum del Norte in licensing round 1.3.

SURINAME

Kosmos Energy did not discover commercial hydrocarbons at the Pontoenoe-1 exploration well in offshore block 42.

VENEZUELA

And crude oil production in the country fell to a new low in September.