Paraguay , Colombia , Venezuela and Mexico
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Roundup: Colombia gas, Mexico bond, Paraguay deal, Venezuela award

Bnamericas Published: Thursday, November 21, 2013

Colombia energy and gas regulator Creg published detailed results from direct natural gas negotiations, available here, and surplus capacity, at this link, both in Spanish.

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Mexico's Pemex placed seven-year bonds for 1.3bn euros (US$1.75bn) in the international markets that received around 5bn euros in demand, the NOC said in a statement. The principal investors were pension funds and financial institutions and the placing agents were BBVA, Credit Suisse and HSBC.

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Paraguay state oil company Petropar head Fleming Raúl Duarte and deputy mines and energy minister Emilio Bougermini met with President Energy (AIM: PPC) executives Miles Biggins and Richard Hubbard to discuss the junior's exploration work in the country. Talks included a possible LOI, the NOC reported.

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And Valerus landed an EPC contract from Venezuela JV Cardón IV for a 300Mf3/d (8.5Mm3/d) natural gas conditioning and condensate stabilization facility, construction of which will be executed by Consorcio La Perla, comprised of Valerus and Lindsay.

In a statement, Valerus said it will perform the process design and fabricate the process equipment which includes more than 3,200hp of compression; a Joule-Thomson plant for extracting natural gas liquids; condensate stabilization; power generation and distribution; and station instrumentation and controls. Lindsay will provide construction resources.

Valerus did not immediately respond to a request for additional details including an execution timetable.

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