Industry Developments
Brazil
Brazil inaugurated its first liquefied natural gas (LNG) regasification plant on August 20. The facility is located in the port of Pecém in the city of São Gonçalo do Amarante...
2008-08-22United States
The US Minerals Management Services' (MMS) Western Gulf of Mexico (GoM) Lease Sale 207 has attracted 423 bids on the 319 tracts put up for tender.
2008-08-21Bolivia
Brazilian President Luiz Inácio Lula da Silva has said that government ministers will propose new rules to manage the country's recent discoveries in the subsalt region of the Santos...
2008-08-21Argentina
Brazilian state-controlled oil company Petrobras's Argentine subsidiary Petrobras Energía (PE) has announced a US$500mn investment plan to develop hydrocarbon resources in Argentina's...
2008-08-20China
China National Petroleum Corporation (CNPC) and Sinopec Group have jointly bid between US$1.5bn-US$2.5bn for Petro-Tech Peruana, according to a China-based industry official....
2008-08-19Canada
California-based major Chevron is set to finalise a deal with the government of Newfoundland and Labrador to develop the CAD6bn (US$5.7bn) Hebron oil field.
2008-08-19Brazil
São Paulo-listed fuels and petrochemicals group Ultrapar Participações (Ultra) has agreed to buy US major Chevron's Texaco-branded Brazilian fuel distribution assets for US$730mn...
2008-08-18United States
The US Interior Department believes that the upcoming lease sale in Alaska's National Petroleum Reserve will attract large bids from international oil companies (IOCs) that are hoping...
2008-08-15
