LatAmOil - Latin America Oil & Gas
US-based New Fortress Energy (NFE) is set to raise its profile through the acquisition of LNG and power-generating assets in Brazil and of another company, Golar LNG, also known as GMLP.
Norway’s PGS has agreed to reprocess more than 11,000 km of existing 2D seismic data under a new agreement with ANCAP, the national oil company (NOC) of Uruguay.
US-based Apache said last week that it intended to assign its assets in Suriname and the Dominican Republic to a new holding that will be known as APA Corp.
Crown Point Energy and Centaurus Energy have announced plans to merge in order to strengthen their position in Argentina, where they are working to develop conventional and unconventional oil and gas fields.
Brazil’s national oil company (NOC) Petrobras said last week that its production levels had reached record highs in 2020.
Canada’s Methanex is preparing to scale back its presence in Trinidad and Tobago, keeping the Titan methanol plant idle after failing to hammer out a natural gas supply deal with state-owned NGC.
Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, has announced plans to begin negotiations with another bidder for the sale of its main assets.
UK-based Echo Energy signed an agreement last week with GTL International (GTLI), a fully-owned subsidiary of Bolivia’s UruboCorp, on co-operation in the Bolivian energy sector.
EIG Global Energy Partners has agreed to sell its 27.5% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), the owner and operator of the Brazilian section of the Bolívia-Brazil natural gas pipeline.
Companies and countries alike are taking steps forward with various oil and gas plans, though some continue to tread carefully in uncertain market conditions.
New regulations have come into force in Mexico restricting the volume of petroleum products that private firms are allowed to import, as part of a wider campaign to make the country less dependent on other countries for its fuel.
Brazil's state-run oil and gas company Petrobras has received BRL232.6mn ($43mn) in a settlement with global energy trading firm Vitol in relation to the ongoing Lava Jato (Car Wash) corruption scandal.
PetroTal’s outlook for the Bretana oilfield is brighter, thanks to Lima’s new agreement with indigenous communities and the opening of a new export route through Brazil.
The Brazilian independent player Enauta Participações has taken 100% ownership of Block BS-4, which contains the offshore Atlanta field, following its partner Barra Energia’s decision to withdraw from the block last November.
Houston-based Halliburton, one of the world’s largest oilfield services providers, has reportedly removed all staff from its offices in Venezuela in light of US sanctions policy.