LatAmOil - Latin America Oil & Gas

Auction results, production dip raise concerns about gas supplies in Argentina

Concerns about natural gas supplies are mounting in Argentina following reports of a decline in domestic production and a lacklustre response to the government’s supplemental auctions.

Chilean company set to take delivery of tugboats for LNG terminal in El Salvador

SAAM Towage of Chile said earlier this week that it was preparing to take delivery of two new tugboats that will be used at an LNG terminal in El Salvador’s Acajutla port.

Valero to switch all fuel exports to Mexico away from cross-border rail

US-based Valero is looking to gain more control over its fuel transportation and distribution routes in Mexico, a company representative said last week.

Colombia’s next tender to open by end-March

Colombia’s government is reportedly set to release the schedule for its next oil and gas licensing round by the end of March.

Repaired equipment ready for return to Liza Destiny FPSO, ExxonMobil says

A contractor for ExxonMobil (US) has completed repair work on faulty equipment from the Liza Destiny FPSO, which is being used to develop Liza-1, the first producing oilfield at the Stabroek block offshore Guyana.

Total, APA halt drilling work at Keskesi East-1

Total (France) and APA (US) have halted drilling work on Keskesi East-1, the fourth exploration well drilled at Block 58 offshore Suriname.

CGX to invest $90mn in exploration offshore Guyana in 2021

Canada’s CGX Energy is preparing to spend about $90mn on exploration work in Guyana’s offshore zone this year.

PetroEcuador to launch drilling programme at ITT block later this year

Ecuador’s national oil company (NOC) PetroEcuador is set to launch a new drilling programme later this year in order to raise crude oil production levels at the Ishpingo-Tambococha-Tiputini (ITT) fields.

ExxonMobil finds non-commercial hydrocarbon reserves in Bulletwood-1 well

ExxonMobil (US) and its partners have failed to find commercial quantities of crude oil or natural gas in Bulletwood-1, the first exploration well drilled at the Canje block offshore Guyana.

Tullow expects to complete GVN-1 well at Block 47 in Q2-2021

Tullow Oil (UK/Ireland) is on track to complete work on the Goliathberg Voltzberg North-1 (GVN-1), which is being drilled at Block 47 offshore Suriname, in the second quarter of 2021.

LatAmOil: Activity offshore Guyana

Activity levels in Guyana’s offshore zone have remained high over the last week.

OPEC+ largely maintains cuts with new deal

Venezuelan sanctions to stay in place

A White House official has indicated that the Biden administration will not make any major changes with respect to Venezuelan sanctions in the near future.

Head of PAE comments on Vaca Muerta gas prospects

Marcos Bulgheroni, the CEO of Argentina’s Pan American Energy (PAE), has said that export-oriented investments and supportive policy will help facilitate the development of unconventional gas resources in the Vaca Muerta shale basin.

Brazilian MPs set to vote on bill allowing third-party gas pipeline access

The lower house of Brazil’s National Assembly was slated to vote earlier this week on legislation permitting third parties to access the natural gas pipeline network, which has been under the monopoly control of state-run Petrobras.

Cenagas resumes gas deliveries to Braskem Idesa’s Etileno XXI

Cenagas, the state-owned operator of Mexico’s natural gas pipeline system, has resumed deliveries of natural gas to Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State.

Uruguay’s ANCAP hopes to diversify into green hydrogen production

Uruguay’s national oil company (NOC) ANCAP has said it wants to diversify its business by investing in green hydrogen production.