LatAmOil - Latin America Oil & Gas

US extends Venezuelan waiver for Chevron, oilfield service companies

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the waiver granted to Chevron and three oilfield service providers from sanctions on the Venezuelan oil industry until June 3.

Staatsolie calls tender for eight shallow-water offshore blocks

Staatsolie Hydrocarbon Institute (SHI), a division of Suriname’s national oil company (NOC) Staatsolie, has opened a new offshore bidding round.

Westmount confirms non-commercial oil find at Kaieteur

AIM-listed Westmount Energy, an indirect shareholder in the Kaieteur block offshore Guyana, has confirmed reports of a new oil discovery in the Tanager section of the licence area.

Brazil’s base oil imports hit 16-month high on US imports

Brazil’s base oil imports reached a 16-month high last month, following a jump in shipments from the US, according to newly released government data.

Ecuador expects crude output to miss targets in 2020

Ecuador is expecting to end 2020 with crude output falling “significantly” below initial expectations, mainly because of budget cuts at state oil companies but also as a result of issues with pipeline infrastructure earlier this year.

Petrobras eyes new export market in India

Brazil’s state-run oil and gas company Petrobras is reportedly considering India as a new market for its exports.

Finally, an FID for ECA LNG

ECA LNG, Sempra’s joint venture with its Mexican subsidiary IEnova, has become the first party to push an LNG export project to the FID stage since the beginning of 2020.

Rystad: Argentina, Brazil to face gas supply gap

LNG imports are likely to fill the supply gap that is building in Argentina and Brazil over the next five years, as pipeline shipments of Bolivian natural gas to the two countries decline, according to Rystad Energy.

Investors focus on Mexican deepwater projects in Q3-2020

Deepwater exploration accounted for nearly half of all investments made in Mexico’s oil and gas sector in the third quarter of the year, according to the national oil and gas regulator CNH.

CCS technology gains momentum

NRG: Fading optimism

Thinking ahead

Brazil’s latest gas reform bill anticipates the need to liberalise access to pipelines, LNG terminals and other infrastructure ahead of the recovery in energy demand.

Latin America experts see Biden pushing Mexico on US energy investments

Several Latin America observers have speculated that US President-elect Joe Biden may push harder than the incumbent Donald Trump to uphold the interests of US companies seeking to invest in Mexico’s energy sector.