LatAmOil - Latin America Oil & Gas
Petrobras receives binding offers for two refineries
Brazil’s national oil company (NOC) Petrobras reported earlier this week that it had received binding offers for two of the refineries included in its privatisation programme.
BPC reports non-commercial oil find
London-listed Bahamas Petroleum Co. (BPC) said earlier this week that it had discovered crude oil in Perseverance-1, the first well drilled at the offshore block known as the Southern Licences, but described the find as non-commercial in nature.
Yorio hails results of 2020 oil hedge
Mexico’s Finance Minister Gabriel Yorio has been talking up the results of last year’s oil hedge, saying that the deal allowed the government to “compensate for 80% of the fall in income”
Chinese company joins Brazilian LNG-to-power project
China’s State Power Investment Corp. (SPIC) has completed its acquisition of a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.
Colombia gives Ecopetrol exclusive right to negotiate for ISA stake
Colombia’s government has pledged to begin negotiations with Ecopetrol, the national oil company (NOC), on the sale of a majority stake in Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
ExxonMobil says gas leak was discovered when Liza-1 production was above peak levels
ExxonMobil has revealed that production rates at the Liza-1 oilfield were running about 8.33% above the anticipated peak of 120,000 barrels per day (bpd) when equipment problems forced it to resume gas flaring.
Guyana’s VP says work on gas pipeline studies will begin this year
Bharrat Jagdeo, Vice-President of Guyana, said earlier this week that the government intended to carry out several studies this year in order to move forward with a gas-to-power (GTP) scheme.
Petroperú hopes $1bn bond issue will help raise funds for refinery upgrade
Petroperú, the national oil and gas operator of Peru, launched a bond issue worth $1bn last week in a bid to raise funds for the modernisation of the Talara oil refinery.
OCP plans new bypass pipeline following landslide
Heavy Crude Pipeline (OCP), the operator of a private oil pipeline system in Ecuador, is set to build a new bypass to prevent stoppages due to storms and natural disasters.
YPF secures more support for exchange of bonds due to mature in March
Argentina’s national oil company (NOC) YPF has reportedly secured approval for a proposed securities swap from creditors holding more than half the bonds that are due to mature next month.
Pemex to close Tsimín oilfield in 2026
Mexico’s national oil company (NOC) Pemex has submitted a revised plan for the eventual closure of Tsimín, an oilfield located in a shallow-water section of the Gulf of Mexico offshore Campeche State, to the National Hydrocarbons Commission (CNH).
NRG LatAmOil: AMLO’s policy considerations
Mexico’s presidential administration suffered a setback last week, when the Supreme Court rejected proposed regulatory changes put forward by the Secretariat of Energy (SENER).
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