LatAmOil - Latin America Oil & Gas

ExxonMobil Guyana says Liza Destiny’s flash gas compressor is being upgraded

ExxonMobil Guyana, an affiliate of the US super-major ExxonMobil, has announced that upgrades on a new flash gas compressor for the Liza Destiny FPSO installed offshore Guyana are underway.

Aldana wins election as head of Pemex union despite criticism

Ricardo Aldana has been elected as head of the union representing workers at Mexico’s national oil company Pemex.

Sempra, CFE sign MoU on LNG, gas pipeline projects

Sempra Infrastructure, a division of US-based Sempra, has signed a memorandum of understanding with Mexico’s national power provider outlining plans for co-operation on several major projects.

Petrobras board approves sale of Potiguar Cluster to 3R

Brazil’s national oil company Petrobras said last week that its board of directors had approved plans for the sale of package of assets known as the Potiguar Cluster to 3R Petroleum Oleo e Gas.

Peru bars Repsol from unloading crude after oil spill at La Pampilla mooring

Peru’s Environment Minister Ruben Ramirez has said Repsol (Spain) will not be permitted to unload oil for its La Pampilla refinery until it can provide adequate technical guarantees with respect to its ability to handle spills.

ACP says Colombia’s oil and gas sector could see investment rise 42.1% this year

Investment in Colombian oil and gas projects has the potential to rise significantly this year by more than 40%, according to a private industry group known as the Colombian Petroleum Association (ACP).

GNA starts work on second TPP at Açu Gas Hub

Gas Natural Açu (GNA), the joint venture that is carrying out Latin America’s largest LNG-to-power project, has begun building GNA-II, its second natural gas-fired power plant at the Açu Gas Hub complex in Brazil.

OPEC+ makes quick decision but adding production will be harder

LatAmOil: Peru bars Repsol from unloading oil at La Pampilla

Peru’s Environment Minister Ruben Ramirez has said Repsol (Spain) will not be permitted to unload oil for its La Pampilla refinery until it can provide adequate technical guarantees with respect to its ability to handle spills.

Hess COO says preparations at Payara 66% finished

ExxonMobil (US) and its partners in the Stabroek offshore block have reportedly finished about 66% of all preparations for commercial operations at Payara, the third oilfield slated for development at the Guyanese licence area.

Petrobras, Novonor suspend plan to sell Braskem shares

Brazil’s national oil company Petrobras and NSP Investimentos (Novonor), formerly known as Odebrecht, have decided against selling most of their holdings in Braskem, a locally based petrochemical producer.

Federal questions emerge as Brazil’s gas liberalisation proceeds

The ANP has comes out swinging in favour of guarding the Brazilian federal government’s prerogatives with respect to gas distribution rules.

Guyana receives 12 bids for power plant, NGL facility under GTP project

Guyana has received 12 bids for a contract covering the construction of both a natural gas-fired thermal power plant and a natural gas liquids plant.

Argentina reports oil production up in December

Argentina extracted a total of 559,000 barrels per day of oil in December 2021, pushing monthly output up to the highest level recorded in the last nine years.

YPFB says it cannot uphold gas supply commitments to Argentina this winter

YPFB, the national oil company of Bolivia, has said it will not be able to uphold its gas supply commitments to neighbouring Argentina during the upcoming heating season.

Enauta set to buy second FPSO for Atlanta

Enauta Participações has struck a deal on the purchase of a floating production, storage and off-loading (FPSO) unit for its Definitive System project at the Atlanta oilfield in the Santos basin offshore Brazil.

Trinidad and Tobago reports progress in talks on Atlantic LNG restructuring

Trinidad and Tobago’s Ministry of Energy and Energy Industries says it is moving closer to a deal with BP and Shell on the restructuring of Atlantic LNG.

Perupetro to offer up to seven mature Talara basin oil blocks to investors

Peru has announced plans to offer as many as seven blocks in the Talara basin to investors in June of this year.

Jagdeo says Guyana will use oil revenues to fund budget expenses for the first time in 2022

Bharrat Jagdeo, the vice-president of Guyana, said last week that the government intended to use oil revenues to help fund budget spending for the first time this year.

GeoPark finds oil and gas in Jandaya-1 well in Ecuador

GeoPark (Canada) revealed earlier this week that it had made its first hydrocarbon discovery at Perico, a block within the Oriente basin in Ecuador.

Shell confirms sale of Deer Park refinery stake to Pemex

Shell Oil Co. confirmed last week that it had transferred its stake in the Deer Park refinery in Texas to PMI Norteamerica, a subsidiary of Mexico’s national oil company Pemex.

Nahle denies reports of delays and cost overruns at Dos Bocas refinery

Mexican Energy Minister Rocio Nahle has denied reports that the national oil company Pemex is running over budget and behind schedule on the construction of the Dos Bocas refinery in Tabasco State.