LatAmOil - Latin America Oil & Gas
Colombia’s government has signalled that it will promote investment in renewable energy and hydrogen production with the adoption of a new energy transition law.
PetroRio has become the first independent Brazilian company to establish a private cluster of mature oilfields in the Campos basin by completing work on a tie-back system connecting the Polvo and Tubarão Martelo sites.
CGX Energy and Frontera Energy are reportedly gearing up to spud the Kawa-1 exploration well at the Corentyne block offshore Guyana.
Argentina’s government revealed last week that it was imposing sanctions on three international oil companies (IOCs) that have been conducting exploration work off the coast of the Falkland Islands.
CGX Energy and Frontera Energy are gearing up to spud the Kawa-1 exploration well at the Corentyne block offshore Guyana.
Washington and Ottawa are paying close attention to the Mexican president’s displays of favour for Pemex and other state-owned companies, according to US and Canadian trade officials.
US-based Talos Energy revealed earlier this week that Mexico’s Secretariat of Energy had stripped it of its position as operator of Zama, a large oilfield located off the coast of Mexico’s Tabasco State.
Brazil’s national oil company Petrobras raised the price of gasoline and diesel earlier this week, in a move that has drawn sharp criticism from the country’s politically powerful trucking industry.
Colombian Energy Minister Diego Mesa expects the national oil company Ecopetrol and several international oil companies to launch new offshore drilling programmes by the end of next year.
Venezuela succeeded in pushing oil export volumes up in June, partly as a result of efforts to send more crude to China before the introduction of a new import tax.
ExxonMobil has experienced a disappointment at the Canje block offshore Guyana, as it did not find commercial quantities of hydrocarbons in the Jabillo-1 well.
ExxonMobil Guyana revealed last week that Guyanese authorities had approved its plan to extend a temporary increase in associated gas flaring levels at Liza-1, the first producing oilfield at the offshore Stabroek block.
Trinidad and Tobago NGL Ltd (TTNGL), the National Gas Co. (NGC) affiliate that holds a 39% stake in Phoenix Park Gas Processors Ltd (PPGPL), revealed last week that it had avoided going into the red last year.
Fire broke out last week at Ku-Maloob-Zaap, one of Mexico’s largest offshore oilfields, after a gas leak developed in a pipeline near the Ku-C drilling platform.
Vista Oil & Gas, a Latin America-focused company with headquarters in Mexico City, has teamed up with Trafigura in a bid to accelerate development at a licence area in the Vaca Muerta shale formation in Argentina.