LatAmOil - Latin America Oil & Gas

Swedish refiner free of US sanctions after cutting ties with PDVSA

Hess reports on development plans for Stabroek block

US-based Hess has commented on plans for continuing the development of Stabroek, an oil-bearing block offshore Guyana.

Qatar Petroleum farms into three blocks offshore Mexico

Qatar Petroleum has signed three farm-in agreements to acquire stakes in three blocks offshore Mexico from the French oil major Total.

Petrobras puts Marlim sale on hold amid pandemic

Brazil’s state energy firm Petrobras has reportedly put the sale of the Marlim cluster of offshore sites on hold, owing to the coronavirus pandemic.

Ecuador to restart crude loadings after OCP pipeline fixed

Ecuador is due to restart oil loadings this week, as the Heavy Crude Pipeline (OCP) has been repaired following damage last month.

Argentina’s plan for artificially high domestic oil price gains momentum

The government of Argentina’s proposal to set a minimum reference price of $45 per barrel of oil in an effort to save the domestic hydrocarbon sector appears to be gaining momentum.

Pemex more exposed than Mexican government to market fluctuations

Pemex has unveiled details of its hedging programme for 2020, and its revelations indicate that the national oil company (NOC) is more vulnerable to market fluctuations than its parent entity, the Mexican government.

Wintershall strikes oil at two fields within Block 29

Germany’s Wintershall Dea reported earlier this week that crude oil had been found at two Repsol-operated fields within Block 29, an offshore licence area in the Salina section of the Sureste Basin.

US government investigates Mexico’s oil-for-food deal with Venezuela

US officials are investigating reports that at least two Mexican companies have been involved in the implementation of an oil-for-food deal signed between the governments of Mexico and Venezuela in 2019.