Colombian Floating LNG Startup Uncertain Says Pacific Rubiales

Feb 2 (Reuters) - Pacific Rubiales, forced by low oil prices to delay the start-up of its Colombia liquefied natural gas (LNG) plant, said it was impossible to predict when exports would begin, but it was working with buyer Gazprom on alternative options. "The significant drop in oil prices has meant that we have had to reconsider all of our capital expenditures," Peter … [Read more...]

Pacific Rubiales Formalizes Upstream Discussions with PEMEX

Toronto-headquartered Pacific Rubiales Energy Corp. announced today that it has entered into a three year Memorandum of Understanding (MoU) and cooperation agreement with Mexico's state oil company, Petróleos Mexicanos (Pemex). "This partnership combines the strengths and advantages of both companies to identify and pursue collaboration opportunities offered by the recent … [Read more...]