LatAmOil - Latin America Oil & Gas
PetroTal forced to halt production again in Peru
PetroTal has been forced to halt oil production again at the Bretaña oilfield in Peru.
China pauses Venezuelan loan repayments
China has reportedly agreed to grant Venezuela a grace period on billions of dollars’ worth of oil-for-loan repayments this year.
CFE plant accused of burning fuel oil with excessively high sulphur content
Mexico’s national electricity provider CFE is in the spotlight for allegedly using petroleum products that do not meet national emissions standards at a thermal power plant (TPP) near the capital city.
PetroEcuador, OCP say efforts to mitigate pipeline damage are moving forward
Officials in Ecuador have reported that efforts to repair three pipeline networks damaged by floods, landslides and erosion in mid-April are making progress.
Chinese company to buy stake in GNA’s LNG-to-power project
China’s State Power Investment Corp. (SPIC) has arranged to buy a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.
Guyana may fold Energy Department into Ministry of Natural Resources
Vikram Bharrat, Guyana’s new Minister of Natural Resources, has said that President Irfaan Ali’s administration might re-organise the government agencies responsible for overseeing the country’s oil industry.
Guyana will conduct review before giving approval to Payara project
Guyana’s government expects to decide whether to approve plans for proceeding with development work at Payara, a section of the offshore Stabroek block, by the end of the month, President Irfaan Ali said on August 11.
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
Russia, Argentina moving ahead with joint pipe production plan
Russia and Argentina are moving forward with plans for joint production of steel pipes for oil and gas projects, according to an Argentinian diplomat.
Argentina’s CGC proposes bond swap
Compañía General de Combustibles (CGC) is looking to tender an exchange of $300mn worth of senior unsecured bonds due to mature in 2021 for securities that will be repaid in 2025.
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