LatAmOil - Latin America Oil & Gas
ConocoPhilips to begin exploring Vaca Muerta blocks this year
ConocoPhilips said last week that it would begin exploration work later this year at several licence areas in Argentina
I Squared Capital takes stake in Colombia’s Ocensa crude pipeline
Florida-based investment manager I Squared Capital has acquired a minority stake in Colombia’s Oleoducto Central SA (Ocensa) crude oil pipeline from Advent International, a Boston-based private equity firm, for an undisclosed sum.
Guyana prepares to export first cargo of Liza crude
Guyana is reportedly gearing up to export its first cargo of crude oil from the Liza section of the Stabroek offshore block.
Venezuela backs OPEC proposal to cut crude output
Venezuela recently declared its support for an advisory panel’s recommendation that OPEC and its allies reduce crude oil output by 600,000 barrels per day.
Further down the chain
Exmar’s troubles with Tango FLNG highlight the potential for coronavirus to cause trouble in every corner of the oil and gas industry.
Peru LNG reports exports down in January
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes decline year on year in the first month of 2020.
ExxonMobil arranges to use Noble drillships in Guyana-Suriname Basin
Noble, a UK-based offshore drilling contractor, has won a contract from the US super-major ExxonMobil for work in the Guyana-Suriname Basin offshore South America.
Brazilian-Mexican JV begins importing US-produced ethane
Braskem Idesa SAPI, a joint venture formed by two Latin American firms, has reportedly begun taking delivery of US-produced ethane at its Nanchital petrochemical complex in the Mexican state of Veracruz.
CNH ready to intervene in Zama dispute
Talks on the fate of the Zama oilfield appear to be stalling, and CNH may be asked to intervene.
Brazil’s Odebrecht takes Peru to arbitration over $2bn pipeline
The Brazilian construction company Odebrecht is taking the Peruvian government to arbitration court over a failed $2bn investment in Gasoducto Sur Peruano (GSP), a $6bn natural gas pipeline project.
Former Petrobras trader concludes plea bargain agreement with prosecutors
A former oil trader at the Brazilian state-run energy major Petrobras has reportedly signed a plea bargain agreement with Brazilian prosecutors who are investigating bribery allegations at the firm.
Shell, Equinor take 49% stake in Vaca Muerta block
Anglo-Dutch major Royal Dutch Shell and its partner, the Norwegian energy firm Equinor, recently completed their joint acquisition of a 49% interest in the Bandurria Sur onshore block, located in Argentina’s Vaca Muerta shale basin.
GeoPark makes new gas discovery in Chile’s onshore Fell block
Independent oil and gas explorer GeoPark has reported the discovery of new natural gas reserves at Jauke Oeste, a new field within Chile’s onshore Fell block.
Frontera makes first gas discovery in Colombia’s Lower Magdalena Valley
Canada’s Frontera Energy and its partner Parex Resources have made their first natural gas discovery in Colombia’s Lower Magdalena Valley.
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