LatAmOil - Latin America Oil & Gas
Saipem wins Australia, Guyana offshore contracts
Italy’s Saipem has been awarded two new offshore contracts – one for the Scarborough project in Australia and the other for the Yellowtail development in Guyana. Combined, the two contracts are worth $1.1bn.
LatAmOil: Ecuador lifts force majeure
Ecuador has lifted a declaration of force majeure on exports of crude oil via the country’s two main pipeline systems.
CGX confirms plan to continue drilling Kawa-1 exploration well
Canada’s CGX Energy has confirmed that it will move ahead with drilling work at Kawa-1, an exploration well at the Corentyne block offshore Guyana, despite reports that the initiative was being wrapped up.
Two new laws in Guyana
Guyana's Parliament has passed bills on local content and sovereign wealth fund amidst an upsurge of long-standing tensions between local communities.
NGC reports profits, revenues up in 9M-2021
National Gas Co. of Trinidad and Tobago Ltd (NGC) has reported a net profit of TTD1.045bn ($153.39mn) for the first nine months of 2021, marking a strong recovery from its net loss of TTD42mn ($6.17mn) in the same period of last year.
Venezuela reports impressive gains in oil production
Venezuela has reportedly succeeded in pushing its crude oil production up significantly in the last two months of 2021, thereby recovering from the record low recorded the previous year.
ExxonMobil strikes oil again at Fangtooth, Lau Lau fields
US-based ExxonMobil reported on January 5 that it had made two additional discoveries at Stabroek, a block offshore Guyana that is already known to contain more than 10bn barrels of oil equivalent.
Pemex signals support for AMLO’s plan to phase out oil exports by end-2023
Mexico’s national oil company Pemex has signalled that it will back President Andres Manuel Lopez Obrador’s plan to halt crude oil exports by the end of next year.
Sycar secures supply deal for Jambeli LNG with Colon LNG Marketing
US-based Sycar revealed late last month that it had secured a source of LNG for the import terminal it intends to build at Bajo Alto, a sheltered port in Ecuador’s southern El Oro province.
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