Industry Developments

UK oil major BP's US operations are under fire once again as employees working on the Alaskan North Slope told the media of 50 wells that had leaked an insulating agent into the surrounding... 2006-07-20

Brazil's plan to bring forward its eighth licensing round to take advantage of oil company disillusionment with Bolivia appears to be flailing, with management restructuring at national... 2006-07-20

Indian state-controlled energy group Oil and Natural Gas (ONGC) has appeared as the front-runner to secure US firm Occidental's confiscated Ecuadorian assets, potentially marking... 2006-07-20

In preparation for an expected increase in domestic production and consumption, Brazil's national energy group Petrobras has entered into discussions with the expansionary Russian... 2006-07-18

In Latin America there are big challenges ahead for several of the largest oil and gas producing nations. Mexico is struggling to preserve its reserves base and deliver higher volumes... 2006-07-06

Shell Canada's CND7.3bn plan to expand its 155,000 barrels per day (b/d) Athabasca Oil Sands Project (AOSP) could cost 50% more than previously expected, according to one of the companies... 2006-07-06

Peru's Camisea gas field development has driven a 50% increase in the country's output even though it is only operating at a third of total capacity. The full extent of Camisea's... 2006-07-06

According to Colombia's energy regulator, nine international oil companies (IOCs) have bid to explore for and develop the Niscota oil field. The national hydrocarbons association... 2006-07-06

With 98% of the recount completed, it appears that conservative candidate Felipe Calderon has won the Mexican Presidental election, beating leftist hopeful Manuel Lopez Obrador. Calderon,... 2006-07-04

Brazil's government is attempting to introduce smaller, independent players to the upstream sector, which will go some way towards reducing the pressure on national energy group Petrobras.... 2006-07-03