Major concerns for the region include development of unconventionals and large-scale hydro systems.
As oil production declines, Trinidad and Tobago is offering nine blocks to bidders.
The high cost of imported natural gas and increased demand have opened the door for shale-gas development in Argentina.
Pemex plans to drill 20 wells through 2014 in five regions to determine Mexico's shale gas resources.
The Petrobras Orca–1 exploratory well (Tayrona Block) has revealed a natural gas accumulation in Colombian Caribbean deepwater.
Seadrill Ltd.’s board of directors has appointed Ørjan Svanevik to fill the vacant board position, following the resignation of Carl Erik Steen, according to a news release.