LatAmOil - Latin America Oil & Gas

24 September 2021

Japanese companies sell Mexico gas and power provider to Actis fund

23 September 2021

A group of four Japanese companies has agreed to sell MT Falcon Holdings, a Mexican operator of natural gas pipelines and gas-fired thermal power plants (TPPs), to the British fund Actis.

Venezuela will not reform key petroleum law this year

23 September 2021

Venezuela’s National Assembly is not planning to make any changes to the national oil and gas law this year, despite the slump in the country’s crude output.

Guyana grants crude sales contract to Aramco subsidiary

23 September 2021

The government of Guyana has awarded a unit of Saudi Aramco, the national oil company of Saudi Arabia, a contract to market its share of the crude produced in the country.

Argentina sends new oil, gas investment bill to Parliament

23 September 2021

The government of Argentina has sent a bill designed to promote investment in the oil and gas industry to the National Congress.

bpTT brings Matapal field on stream ahead of schedule

23 September 2021

BP Trinidad and Tobago (bpTT), a subsidiary of BP (UK), revealed on September 20 that it had begun extracting natural gas from the Matapal field offshore Trinidad and Tobago.

LatAmOil: bpTT brings Matapal field on stream ahead of schedule

21 September 2021

BP Trinidad and Tobago (bpTT), a subsidiary of BP (UK), revealed on September 20 that it had begun extracting natural gas from the Matapal field offshore Trinidad and Tobago.

Morgan Stanley warns of further gas, LNG price volatility risk

17 September 2021

Investment bank Morgan Stanley warned this week that low inventories and the imminent arrival of the winter heating season leave room for further upside volatility for gas and LNG prices.

AES expands LNG footprint in Panama

17 September 2021

US-based AES has bought out its minority partner in AES Colón, the operator of a natural gas complex on Telfers Island, near the Atlantic end of the Panama Canal.

Major LNG-to-power JV commissions its first TPP in Açu

17 September 2021

Gas Natural Açu, a joint venture formed to execute Latin America’s largest LNG-to-power project, has successfully commissioned the first thermal power plant within its Açu Gas Hub complex in Rio de Janeiro State.

Venezuelan territorial claim draws sharp response from Guyana

17 September 2021

The government of Guyana has raised strong objections to Venezuela’s restatement of its claim to territory that includes Stabroek, an offshore block that contains at least 9bn boe in recoverable reserves.

Melbana, Sonangol spud Alameda-1 exploration well at Block 9

17 September 2021

Australia’s Melbana Energy reported earlier this week that it had spudded the Alameda-1 exploration well at Block 9, a licence area on Cuba’s northern coast.

Mexico to raise Pemex’s budget to $32bn

17 September 2021

Mexican President Andres Manuel Lopez Obrador has offered to raise national oil company Pemex’s budget for next year to about $32bn in the hope of boosting crude production.

New Fortress battles to advance LNG plans

17 September 2021

New Fortress Energy is running into regulatory issues and environmental opposition to its LNG plans in both the US and Puerto Rico.

Petrobras to launch new fuel contracts

17 September 2021

Brazil’s state-run oil and gas firm Petrobras is planning to launch new contracts for the sale of gasoline and diesel, in the hope of encouraging competition in the refining sector.

Argentina’s Santa Fe province tenders contract for expansion of gas pipeline

17 September 2021

The northern Argentinian province of Santa Fe has launched a new tender for the purpose of expanding the Southern Regional Pipeline, a key transportation route for natural gas.

Venezuela keen to restart El Palito refinery despite maintenance challenges

17 September 2021

The Venezuelan government is keen to restart operations at the El Palito refinery, which serves as one of the country’s key sources of gasoline, despite ongoing maintenance problems.