LNG

Brazilian energy regulators said a total of 17 oil and gas companies are registered to take part in one of the most lucrative auctions ever for licences set for November 7 and with prospects of raising US$50 billion for the South American nation from the blocks offered for oil fields with associated gas.

US energy engineering company Fluor Corp. said its Dutch subsidiary Stork was awarded a five-year contract renewal by new LNG importer Colombia and the state-controlled company Ecopetrol to operate and maintain the surface facilities in the onshore Cusiana and Cupiagua natural gas fields.