LatAmOil - Latin America Oil & Gas

CNH approves two exploration drilling projects

Mexico’s National Hydrocarbons Commission, known by its Spanish acronym CNH, gave two companies the green light to move forward with exploration drilling projects last week.

Argentina strikes a different note on the Falklands

Argentina may allow IOCs that have worked in disputed waters around the Falklands to participate in new offshore bidding rounds under certain conditions.

Angola emphasises exploration

Angola wants oil production to remain at or above 1mn bpd until 2040 – and it wants to expand exploration activity to achieve this aim.

Colombian businessman detained on charges related to Iranian fuel shipments for Venezuela

A Colombian businessman has been detained on charges of serving as a special envoy of Venezuelan President Nicolas Maduro in negotiations with Iran on the delivery of gasoline and refinery parts and equipment.

Golar Power shows strong interest in Brazilian LNG terminal

The head of Golar Power, a 50:50 JV between Bermuda-headquartered Golar LNG and New York-listed Stonepeak Infrastructure Partners, said last week that his company was “very interested” in leasing Brazil's Bahia LNG terminal.

NRG: Risks to stability

Official: Vaca Muerta production could take 18 months to recover

It could take up to a year and a half for activity at Argentina’s Vaca Muerta shale formation to return to the levels prevailing prior to the coronavirus (COVID-19) outbreak, an Argentinian official has warned.

ExxonMobil pressing Guyana to approve third offshore oil project

The US super-major ExxonMobil is reportedly pressing the government of Guyana to green-light its plan for the development of a third section of the offshore Stabroek block.

Industry group says Colombia could attract $715mn in private investment

Colombia has a chance of securing more than $700mn worth of investment from private oil and gas firms before the end of this year, according to the Colombian Petroleum Association (ACP), a local industry group.

Mexico seen close to granting Sempra new LNG export facility permit

The Mexican government has reportedly asked IEnova, the local unit of US-based Sempra Energy, to build another export facility at the Energía Costa Azul LNG facility to help sell off excess natural gas.

ExxonMobil cuts production at Liza-1 again

The US super-major ExxonMobil has ramped oil production back down at the Stabroek block offshore Guyana, following the discovery of new problems with gas compression equipment.

Canadian company hoping to push Mexican onshore projects forward

Renaissance Oil (Canada) is looking to push forward with upstream development projects in Mexico, despite the setbacks it has suffered this year as a result of the coronavirus (COVID-19) pandemic and other factors.