Argentina is looking for foreign investors to develop its enormous oil and natural gas resource; however, energy experts say that investing in Argentina is risky.
More at FuelFix.com.South America
Ecuador Oil and Gas Report
“By global standards, Ecuador is a relatively small oil producer and exporter. However, the oil sector plays a prominent role in the country’s politics and economic welfare.” Quoted from the Energy Information Administration oil and gas country report.
More at Energy Information Administration.
Bolivia Oil and Natural Gas Report
Although Bolivia exports natural gas to Argentina and Brazil the size of its resource base is poorly understood. Combine that with political instability and threats of nationalization, the country has not attracted significant outside investment.
More at Energy Information Administration.
Argentina Oil and Gas Report
“Argentina is South America’s largest natural gas producer and a significant producer of oil. However, the heavily regulated energy sector includes policies that limit the industry’s attractiveness to private investors while shielding consumers from rising prices.” Quoted from the Energy Information Administration country analysis report.
More at Energy Information Administration.
Argentina Oil and Gas Report
“Argentina is South America’s largest natural gas producer and a significant producer of oil. However, the heavily regulated energy sector includes policies that limit the industry’s attractiveness to private investors while shielding consumers from rising prices.” Quoted from the Energy Information Administration country analysis brief.
More at Energy Information Administration.
Colombia: Fossil Fuels Report
“Colombia has seen a dramatic increase in hydrocarbons production in recent years following a period of steady decline. [...] Colombia was the fourth largest coal exporter in the world in 2010.” Quoted from the Energy Information Administration country analysis brief.
More at Energy Information Administration.
Oil and Gas Resources of South America and the Caribbean
“Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of 126 billion barrels of oil and 679 trillion cubic feet of undiscovered natural gas in 31 geologic provinces of South America and the Caribbean.” Quoted from the USGS Fact Sheet
More at USGS.
Global Oil and Gas Reserve Estimate
“The U.S. Geological Survey has released a new global estimate for potential additions to oil and gas reserves due to reserve growth in discovered fields outside the United States. The USGS estimates that the mean undiscovered, conventional reserve additions in the world total 665 billion barrels of oil, 1,429 trillion cubic feet of natural gas, and 16 billion barrels of natural gas liquids.”
More at USGS.
Chevron Looking for Shale Gas in China and Argentina
Chevron announced that they are exploring for shale gas in China’s Qiannan Basin and Argentina’s Vaca Muerta Formation.
More at Bloomberg.com.
Shale Gas and Shale Oil Resources of the Norte Basin, Uruguay
USGS has completed an assessment of the potential natural gas and oil resources present in shales of the Norte Basin of Uruguay.
More at USGS.
Unconventional Natural Gas in Argentina
Unconventional natural gas from shale could revive the oil and gas industry in Argentina. To stimulate interest in unconventional gas, producers will be allowed to sell it at above regulated rates.
More at Fox Business News.
