LatAmOil - Latin America Oil & Gas
Mexico may be carrying out discreet annual oil hedge
The Mexican government appears to be carrying out this year’s oil hedge, which is usually the largest deal of its kind to hit Wall Street, but is doing so in a discreet manner.
BP subsidiary begins drilling work at Matapal gas field
A subsidiary of BP has begun drilling the first of three new wells at Matapal, a natural gas field offshore Trinidad and Tobago.
Hygo Energy aims to strike LNG supply deal with GdP
Golar LNG's Hygo Energy JV is looking to strike a fuel supply deal with Companhia de Gás do Pará (GdP), a Brazilian company that has a monopoly on natural gas distribution in the isolated northern state of Pará.
Trump administration scrutinising Tipco’s payment arrangements with PdVSA
Thailand’s Tipco Asphalt has reportedly drawn some unwelcome attention from US federal authorities in light of reports on its financial arrangements with Venezuela’s national oil company (NOC) PdVSA.
Noble extends term of Guyana contract with ExxonMobil
The British offshore drilling contractor Noble Corp. has struck a deal on the extension of its contract with the US super-major ExxonMobil for the use of an ultra-deepwater drillship that is working offshore Guyana.
Ecuador eyes new $1.4bn oil-backed Chinese loan
Ecuador is hoping to sign a new US$1.4bn oil-backed loan agreement with China next month, according to the South American country’s Minister of Energy and Non-Renewable Natural Resources René Ortiz.
Norwegian-Brazilian consortium in talks to buy Brazil’s Peroa fields
A Norwegian-Brazilian consortium is reportedly in bilateral talks with Brazil’s state-run oil and gas major Petrobras to acquire a cluster of offshore natural gas fields known as Peroa.
Argentina’s gas production sinks 14.1% y/y in August
Argentina saw natural gas production drop by 14.1% in August to reach 4.38bn cubic feet (124mn cubic metres) per day, according to the latest monthly report from the state-run Argentine Energy Institute (IAE).
Options for Permian Basin gas
The Permian Basin is set to experience a net decline in production this year and does not need as much pipeline capacity as anticipated, but it is exporting more gas to Mexico and deliveries may continue to increase.
NRG: Countervailing forces
Oil prices and energy demand are under pressure on both sides from storms, COVID-19 outbreaks and climate concerns.
Mexico reveals top priorities for oil and gas infrastructure
The Mexican president's newly revealed investment programme signals that the current administration remains committed to supporting Pemex and the public sector.
Petrobras disqualifies Golar Power from Bahia LNG terminal lease tender
Petrobras has disqualified Golar Power from the Bahia LNG terminal lease tender, citing concerns about risk and compliance.
Guyana’s VP says country should proceed with oil development
Bharrat Jagdeo, the vice-president of Guyana, has said he does not want the country to miss the opportunity to develop its offshore oil resources.
Occidental sells onshore assets in Colombia to investment firm
Houston-based Occidental Petroleum revealed last week that it had arranged to sell its onshore assets in Colombia to The Carlyle Group, an investment firm based in Washington.
ExxonMobil makes FID on Payara
US-based ExxonMobil and its partners have made a final investment decision (FID) in favour of proceeding with the development of Payara, a section of the Stabroek block offshore Guyana.
Follow us online