LatAmOil - Latin America Oil & Gas
ExxonMobil spuds Sapote-1 well at Canje
Esso Exploration & Production Guyana Ltd (EEPGL), a subsidiary of ExxonMobil (US), has spudded the Sapote-1 exploration well at the Canje block offshore Guyana.
Guyana reiterates interest in using associated gas to make petrochemicals
Guyana’s Natural Resources Minister Vickram Bharrat has reiterated Georgetown’s interest in finding multiple ways to use associated gas from the Liza-1 and -2 fields at the offshore Stabroek block, operated by ExxonMobil (US).
EIG submits binding offer for two Brazilian pipelines
EIG Global Energy Partners, a US-based private equity firm, has reportedly submitted a binding offer for two natural gas pipeline operators in Brazil.
Venezuela reportedly struck oil-for-food agreement last year
Evidence has emerged that cash-strapped Venezuela struck a deal with a local company to swap crude for food last year, despite the US government’s effort to restrict trade with the Latin American country.
Shell signs first gas supply contract with private company in Brazil
A Brazilian subsidiary of Royal Dutch Shell (UK/Netherlands) has become the first private company to sign a supply contract with a local natural gas distributor.
Petrobras under pressure from shareholders to exclude 14 blocks from 17th Bidding Round
Petrobras has been asked by a group of shareholders to eliminate more than a dozen offshore blocks from the roster of sites included in the 17th Bidding Round.
Petrobras, Excelerate finish negotiations on Bahia LNG lease
Brazil’s national oil company Petrobras has reportedly finished negotiations with US-based Excelerate Energy on a proposed leasing contract for the Bahia LNG terminal and hopes to conclude the contract soon.
LatAmOil: Petrobras shareholders seek to narrow scope of 17th Bidding Round
Petrobras has been asked by a group of shareholders to eliminate more than a dozen offshore blocks from the roster of sites included in the 17th Bidding Round.
PdVSA surrenders 49% stake in Refidomsa under debt-for-equity swap deal
Venezuela’s national oil company PdVSA has surrendered its stake in an oil refinery in the Dominican Republic as compensation for defaulted bond payments.
Mexico takes steps to prevent Vitol, Trafigura from doing business with Pemex
Energy Minister Rocio Nahle announced last week that Mexico’s government had barred two major international commodity traders, Vitol and Trafigura, from doing business with the national oil company Pemex.
Petrobras sells REMAN to Atem
Petrobras revealed earlier this week that it had struck an agreement with Atem, a local fuel distributor, for the sale of Refinaria Isaac Sabba (REMAN), a 46,000 barrel per day refinery in Amazonas State.
US Gulf Coast sees oil supply disruptions from Mexican outage
The US Gulf Coast was facing disruptions to its crude supplies as a result of an outage in Mexico this week.
On Guyana’s future prospects
IEEFA, a US-based non-profit, says the Stabroek contract may unfairly curb Guyana’s earnings from oil sales. Its arguments may have the effect of drying up funding for future investors seeking to follow ExxonMobil’s example.
CGX, Frontera spud Kawa-1 at Corentyne
CGX Energy and Frontera Energy, both based in Canada, have spudded the Kawa-1 exploration well at the Corentyne block offshore Guyana.
ExxonMobil, partners agree on seven-month extension for second well at Kaieteur
ExxonMobil (US) and its partners in the Kaieteur block offshore Guyana have agreed to push the deadline for drilling their second exploration well back by seven months.
Brazil, Argentina begin negotiations on Vaca Muerta gas pipeline
Brazil and Argentina have begun negotiations on a multi-billion-dollar pipeline project that would facilitate exports of gas from fields in the Vaca Muerta shale formation, Brazilian President Jair Bolsonaro said last week.
Brazilian gas output hits new record high in July
Production of natural gas in Brazil reached a new high of 139mn cubic metres per day in July, slightly above the previous record high of 138.7 mcm per day reported in January 2021, according to newly released statistics.
Guyana, Suriname expect drilling activity to remain high for next two years
Guyana and neighbouring Suriname are expecting exploration drilling to remain at a high level over the next two years.
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