LatAmOil - Latin America Oil & Gas

AMLO dismisses US legislators’ critique of Mexican energy policy

Mexican President Andres Manuel Lopez Obrador has dismissed claims that his government’s energy policy puts US-based companies at an unfair disadvantage.

Ecopetrol reports sales, net profits down in Q3-2020

Colombia’s national oil company (NOC) Ecopetrol has reported a significant decline in its financial performance in the third quarter of 2020.

Petrobras to assume control of Foz do Amazonas block

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported last week that it had authorised state-owned Petrobras to assume control of FZA-M-59, a block in the Foz do Amazonas Basin.

Petrobras raises 2020 production forecast to 2.84mn bpd

Brazil’s national oil company (NOC) Petrobras has raised its average production forecast for 2020 by 2.5% to 2.84mn barrels of oil equivalent per day (boepd), with oil accounting for 2.28mn barrels per day (bpd) of the total.

PdVSA expects oil export earnings to nearly halve in 2021

Venezuela’s state-run oil company PdVSA expects its earnings from oil exports next year to drop by nearly half, averaging $35 per barrel for a basket of locally produced crudes and petroleum products.

IEnova mulling co-operation with CFE for ECA project

Mexico's IEnova is interested in teaming up with the state-run power provider CFE for the Energía Costa Azul (ECA) project, which will involve the construction of a natural gas liquefaction plant at the site of an existing LNG import terminal.

Australia’s Karoon gets green light for Brazil offshore purchase

Australian oil and gas company Karoon Energy has received the go-ahead from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) to acquire the Baúna offshore oilfield from state-run Petrobras.

Brazilian police extend corruption probe to diesel, jet fuel contracts

Brazilian authorities have extended the long-running Lava Jato (“Car Wash”) corruption investigation to review certain petroleum product contracts signed by Petrobras, the state-run oil company.

ANH authorises 16 companies to bid in third licensing round

Colombia’s state oil regulator, the National Hydrocarbons Agency (ANH), said last week that it had authorised 16 companies to bid for the four onshore blocks included in the upcoming third licensing round.

NRG: Time for guarded optimism

Bolivian gas sector awaits the country’s new leader

Bolivia's President-elect Luis Arce is not likely to push for major changes in the legal regime governing the gas sector any time soon.