LatAmOil - Latin America Oil & Gas

23 October 2020

Washington authorises Eni to unload Venezuelan crude from listing FSO

22 October 2020

Italy’s Eni has secured US authorisation for the unloading of heavy crude oil from the Nabarima, a floating storage and off-loading (FSO) vessel moored in the Gulf of Paria between Venezuela and Trinidad and Tobago.

Limetree Bay refinery may lose access to BP oil supplies

22 October 2020

UK-based BP has reportedly threatened to terminate its crude oil supply agreement with Limetree Bay Ventures, a company formed by EIG Global Energy Partners and ArcLight Capital Partners of the US.

Work on Dos Bocas refinery said to be 24% complete

22 October 2020

Mexico’s national oil company (NOC) Pemex is moving forward with work on the Dos Bocas refinery project, which is now 24% complete.

YPF to pay Exmar $150mn to exit Tango FLNG charter

22 October 2020

Argentina’s national oil company (NOC) YPF has reportedly agreed to pay Belgium’s Exmar $150mn in compensation for the early termination of a charter agreement for the Tango floating LNG (FLNG) vessel.

Petroperú launches bidding for Talara refinery upgrade

22 October 2020

Peru’s state-run oil company Petroperú has launched bidding for service contracts as part of the long-delayed modernisation of the Talara refinery.

Mexico moves to ban new energy permits, protect state firms

22 October 2020

Mexico’s Energy Regulatory Commission (CRE) is reportedly moving to restrict private investment in the country’s energy sector, in an attempt to protect state-owned oil and utility companies.

KOTUG wins contract for Guyana offshore work

22 October 2020

Netherlands-based KOTUG International has been awarded a long-term contract to provide offshore terminal towage support for operations in Guyana.

Raizen to invest $715mn in Dock Sud refinery expansion

22 October 2020

Brazil’s Raizen is to invest $715mn over the next three years in the modernisation and expansion of its Dock Sud refinery in Argentina.

Argentina unveils $1.8bn gas stimulus plan

22 October 2020

Argentina’s President Alberto Fernández has unveiled a much-anticipated stimulus plan for the natural gas sector, which has seen production levels sink since the advent of the coronavirus (COVID-19) pandemic.

NRG: Challenges ahead

20 October 2020

Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.