LatAmOil - Latin America Oil & Gas

Guyana receives $35mn for second oil cargo

Guyana has received $35mn for its second oil lifting of the year, which consisted of 1mn barrels of crude. This sum was significantly less than the $55mn the country received for its first export cargo, which went to market in February.

Colombia set to award fracking contracts this year

Colombia’s government is on track to award contracts for pilot projects involving hydraulic fracturing (fracking) this year.

Shell suspends operations at Vaca Muerta block

Royal Dutch Shell briefly suspended operations at Bajada de Añelo, a block within Argentina’s Vaca Muerta shale formation, after registering seismic activity in the region last week. The shutdown came to an end after just two days.

Bahamas Petroleum Co. acquires Columbus Energy for GBP25mn

Bahamas Petroleum Co. will spend GBP25mn to acquire Columbus Energy, in a merger that will create a Caribbean and Atlantic margin-focused oil and gas “champion.”

Ecuador restarts SOTE crude pipeline after completing bypass section

State-owned PetroEcuador has restarted the Trans-Ecuadorian Oil Pipeline System (SOTE), which has been damaged repeatedly by a series of floods.

NRG: Looking beyond the crisis

Venezuela’s Iranian stopgap

Gasoline shortages are likely to remain a problem for Maduro after Iranian supplies run out.

Technical problems force production rates down at Liza oilfield

Guyana may not be able to load its third cargo of crude oil for export on schedule next month, owing to setbacks at Liza, the country’s only operating field.

Pemex reportedly cancels $160mn worth of service contracts

Pemex has reportedly cancelled contracts with a number of its major suppliers and service providers