LatAmOil - Latin America Oil & Gas

12 March 2020

Former Shell exec leads efforts to cut Venezuelan gas flaring

11 March 2020

A former executive of the Anglo-Dutch oil major Royal Dutch Shell is reportedly leading efforts to reduce associated gas flaring in Venezuela, following a similar campaign in Iraq.

Mexico hopes to draw $92bn in private energy investments

11 March 2020

Private sector operators in Mexico are reportedly prepared to make nearly $92bn worth of new investments in government-run projects.

Latin-focused Echo Energy prepares stand-by credit on oil price volatility

11 March 2020

Echo Energy, which has assets in Argentina and Bolivia, has said it is putting in place a new stand-by credit facility of up to GBP1mn in light of recent movements in oil prices.

Venezuela seen restarting two key oil upgraders soon

11 March 2020

Venezuela’s national oil company (NOC) PdVSA is reportedly planning to restart operations at two key oil upgraders in the coming months, following months of inactivity.

Mexico Pacific Ltd awards FEED contract for Puerto Libertad LNG plant

10 March 2020

Houston-based Mexico Pacific Ltd (MPL) has awarded Technip USA a contract for work on a proposed LNG plant in Mexico’s Sonora State.

Pemex’s fortunes remain precarious

6 March 2020

The NOC has continued to avoid further ratings downgrades, but it is still facing substantial risks.

Dominican Republic’s only refinery begins exporting IMO-compliant fuel oil

6 March 2020

The Dominican Republic’s only oil refinery has begun exporting very low sulphur fuel oil (VLSFO) that complies with IMO 2020 marine fuel standards.

Aruba, PdVSA subsidiary strike deal on transfer of San Nicolas refinery

6 March 2020

The government of Aruba is one step closer to terminating its agreement with an affiliate of Venezuela’s national oil company (NOC) PdVSA on the resumption of operations at the island’s only oil-processing plant.

Ecopetrol chief says virus outbreak has not reduced oil deliveries to China

6 March 2020

Felipe Bayon, the CEO of Colombia’s national oil company (NOC) Ecopetrol, said earlier this week that the coronavirus outbreak had not affected crude shipments to China and other Asian markets.

Brazil unlikely to auction the remainder of the “transfer-of-rights” zone before 2021

6 March 2020

The Brazilian government has said it is unlikely to unload the remainder of its production rights to the Cessão Onerosa (Transfer of Rights, or TOR) oil-bearing zone for at least one more year.

Vista Oil & Gas confirms focus on Argentina’s Vaca Muerta shale play

6 March 2020

Vista Oil & Gas is still expecting the Vaca Muerta shale play in Argentina to account for the largest share of its production growth this year, despite continued political and economic uncertainty over development of the formation.

Brazil to raise cap on biodiesel content in motor fuel

6 March 2020

Brazil has announced plans to increase the maximum amount of biodiesel blended with petroleum-derived diesel for retail sale to 15% over the next three years.

Guyana’s government launches search for crude marketing agent

6 March 2020

The government of Guyana has launched a search for a company that will market its share of oil from an oil-bearing offshore block that a consortium led by US super-major ExxonMobil brought on stream last December.

Petrobras begins sale process for gas unit, two oilfields

6 March 2020

Brazil’s national oil company (NOC) Petrobras has kicked off the sale process for its 51% holding in the natural gas distribution unit Gaspetro as well as for its stakes in the Merluza and Lagosta oilfields.