Colombia's NOC expects first gas from offshore discoveries to hit the market in 2024-25.
The Latin American development bank said that infrastructure investment in the region averaged 2.8% of the GDP per year between 2008 and 2015, and a "substantial" contribution from the private sector is now required.
Germany-based firm says it is switching its Argentina focus from non-operated conventional to operated unconventional projects. Also from Argentina, Pan American Energy awards estimated US$698mn services contract.
Company says that expanding its gas infrastructure in Peru would be "cheaper, quicker and easier."
After swinging to profit and posting record production in Q1, the independent driller is focused on assessing the extent of resource contained within the Jacana and Tigana oilfields.
The list of potential projects includes airports, highways, logistics centers and waterworks, as well as energy and rail projects.
The largest share of the investments is for the oil and gas sector with 24% of the total.