LatAmOil - Latin America Oil & Gas

5 February 2021

Ecuador’s financing conundrum

4 February 2021

Three Western banks have opted to quit financing Ecuadorean oil exports, and their decision may set a troubling precedent that benefits China most of all.

Chevron, Reliance reportedly seeking partial roll-back of US sanctions on Venezuela

4 February 2021

Chevron (US) and Reliance Industries (India) have reportedly asked the US government to lift some of the existing restrictions on trade with Venezuela.

Petrobras calls new tender for Bahia LNG terminal

4 February 2021

Petrobras, the national oil company (NOC) of Brazil, has called a new tender for the right to lease an underutilised LNG import terminal in Bahia State.

YPF waits for bondholders’ response to amended swap proposal

4 February 2021

Argentina’s national oil company (NOC) YPF is waiting for holders of a bond issue due to mature next month to respond to the latest version of its offer for a securities swap.

PdVSA’s Merey-16 inventories reportedly dwindled in January

4 February 2021

Venezuela’s national oil company (NOC) PdVSA has reportedly seen its inventories of Merey-16, the country’s principal export grade of crude, shrink significantly in recent weeks.

Keppel, Daewoo, Samsung submit bids to Petrobras for FPSO construction

4 February 2021

Brazil’s national oil company (NOC) Petrobras said earlier this week that it had received three proposals for a contract to build two new drilling platforms.

ACP says investment in Colombian oil and gas plummeted in 2020

4 February 2021

Investment in Colombian oil and gas projects dropped last year to its lowest level since 2016, according to a private industry group known as the Colombian Petroleum Association (ACP).

Ecopetrol seeks majority share in Colombia’s national TSO

4 February 2021

Colombia’s national oil company (NOC) Ecopetrol has expressed interest in buying a majority stake in Interconexion Electrica SA (ISA), the country’s transmission system operator (TSO).

ExxonMobil blames equipment problems for resumption of gas flaring at Liza-1

2 February 2021

The US super-major ExxonMobil has come under fire in Guyana for resuming associated gas flaring at higher levels at Liza-1, an offshore oilfield within the Stabroek block.

Ecopetrol, Petrobras report successes with exports in 2020

2 February 2021

Representatives of Colombia’s national oil company (NOC) Ecopetrol and its Brazilian counterpart Petrobras said last week that their companies had chalked up a number of successes with respect to oil exports in 2020.

NRG LatAmOil: Successes and setbacks

2 February 2021

This week’s LatAmOil looks at several South American oil producers – including Colombia and Brazil, both of which succeeded in attracting new customers last year.

New challenges emerging from South America

29 January 2021

Venezuela may use its territorial dispute with Guyana as an argument for relaxation of US sanctions.