Industry Developments

Mexican President Felipe Calderón has pledged to combat the global economic crisis by increasing expenditure on infrastructure projects in Mexico. The president plans to spend MXN12bn... 2008-10-09

The government of Peru has suspended the contracts that the state licensing agency Perúpetro had awarded to state-owned Petroperú and Norwegian partner Discover Petroleum,... 2008-10-08

Barbados's latest bidding round, including 24 offshore blocks that cover 65,248sq km, has attracted bids from three companies: BHP Billiton, Windward (Barbados) Exploration and... 2008-10-07

Brazil's hydrocarbons regulator Agência Nacional do Petróleo (ANP) has withdrawn 32 onshore blocks from the country's 10th licensing round, which is due to be held on December 18... 2008-10-06

The president of Ecuador, Rafael Correa, has threatened to force out international oil companies (IOCs) operating in the country, in a move which suggests a further deterioration... 2008-10-06

Colombia's Ecopetrol has announced that the Lisama Norte-1 well has struck oil and gas in San Vicente de Chucurí in the Santandar department.

Rio de Janeiro-based mining conglomerate Vale do Rio Doce (Vale) has received approval from the Brazilian hydrocarbons agency Agência Nacional do Petróleo (ANP) to acquire a 17.5%... 2008-10-02

Canada-based exploration and production (E&P) company Antrim Energy has announced the start of gas production at the Tierra del Fuego concession in southern Argentina.

Houston-based independent Anadarko Petroleum has announced a discovery in the subsalt layer of the Wahoo prospect in the Campos Basin, offshore Brazil.

Mexican state-owned oil company Petróleos Mexicanos (Pemex) has been forced to temporarily cut its oil output by 250,000 barrels per day (b/d) as US Gulf Coast refineries reduced... 2008-09-30