LatAmOil - Latin America Oil & Gas

Petroamazonas scales back drilling operations to battle COVID-19

Petroamazonas, a state-owned oil operator in Ecuador, announced on July 29 that it intended to scale back drilling operations at Block 43, also known as ITT, by 30%.

Hess: Two new oil reservoirs discovered offshore Guyana

The US super-major ExxonMobil has reportedly identified two new oil reservoirs within the Stabroek block offshore Guyana.

Australia’s Karoon renegotiates Brazil oilfield acquisition

Australian independent Karoon Energy has renegotiated payment terms with Brazil’s state-run Petrobras for the acquisition of the offshore Bauna oilfield.

Senkata gas plant suspends production amidst wave of COVID-19 infections

Two of Bolivia’s largest cities are reporting shortages of LPG, owing to the spread of coronavirus (COVID-19) cases among the workers of the Senkata gas plant in El Alto.

Mexico reportedly seeking quotes for 2021 oil hedge

The Mexican government has asked banks to submit quotes for its annual oil hedging programme, but the country is expected to pay more for less coverage in 2021 because of higher market volatility this year.

Shell drills dry hole at Brazil’s Saturno prospect

Royal Dutch Shell’s first well at the Saturno prospect in Brazil has reportedly turned out to be a dry hole.

Petrobras approves tender to build three new FPSOs at Búzios

Brazil’s state-controlled oil and gas company Petrobras will soon launch a tender for the construction of three floating production, storage and off-loading (FPSO) units for use at the Búzios oilfield.

Colombia’s Promigas acquires Peruvian distributor Gascop

Colombian natural gas transporter Promigas has expanded its portfolio in neighbouring Peru by acquiring Gas Comprimido del Perú (Gascop).

Venezuelan opposition leader’s US envoy to probe alleged oil resales

Venezuelan opposition leader Juan Guaido’s US envoy has said he will investigate the possibility that Cuba is reselling some of the crude oil and refined fuels that it buys from Venezuela on favourable terms.

NRG: Beyond oil