LatAmOil - Latin America Oil & Gas
VP says Guyana may use unassigned blocks to establish NOC
Guyana’s government may establish a national oil company on the basis of unassigned blocks in the country’s offshore zone, according to Vice President Bharrat Jagdeo.
Petrobras reiterates commitment to gas market liberalisation
Brazil’s national oil company Petrobras has reiterated its commitment to fostering competition in the natural gas sector, even as it remains the country’s leading supplier of gas.
Ecopetrol CEO says his company is ready to go to court to enforce its legal right to explore
Felipe Bayon, the CEO of Colombia’s national oil company Ecopetrol, has said that he is ready to push back if Gustavo Petro becomes president and calls a halt to new hydrocarbon exploration.
Paraguay hikes fuel prices in about-face on earlier pledges of short-term stability
Paraguay’s state-run petroleum product concern raised prices for most types of motor fuel at the weekend, abandoning previous pledges to keep prices stable at least until the end of this month.
LatAmOil: ExxonMobil brings second oilfield on stream offshore Guyana
ExxonMobil (US) and its partners launched commercial operations at the Liza-2 oilfield offshore Guyana on February 11, marking the start of their second development project at the Stabroek block.
Deputy minister says Margarita-10 find highlights Bolivia’s need for new gas law
Raúl Daniel Mayta Jiménez, Bolivia’s deputy minister of hydrocarbon and energy, said last week that the discovery of new natural gas reserves at the Margarita-10 well highlighted the need for changes in the oil and gas laws.
China reportedly prepared to renegotiate oil-for-loans deal with Ecuador
China’s government is prepared to renegotiate the terms of its debt agreements with Ecuador so as to break the link between payment and crude oil sales, according to President Guillermo Lasso.
CGX, Frontera will put Demerara drilling on hold to focus on Corentyne this year
CGX Energy and Frontera Energy have dropped plans to drill an exploration well at the Demerara block offshore Guyana this year to focus on another prospect in the same basin – Corentyne, where they recently found oil at Kawa-1.
ExxonMobil launches production at Liza-2
ExxonMobil (US) and its partners launched commercial operations at the Liza-2 oilfield offshore Guyana on February 11, marking the start of their second development project at the Stabroek block.
Kawa-1 discovery raises questions
Guyana’s first commercial crude discovery beyond the Stabroek block has inspired calls for the creation of a new contract model that is more favourable to the government.
Chevron reportedly in talks with PdVSA
Chevron has reportedly entered into talks with Venezuela’s national oil company PdVSA over the US major’s aim to gain more control over its upstream assets in the South American state.
Liza Unity hook-up nearly complete
ExxonMobil (US) and its partners have nearly finished hook-up procedures for the Liza Unity, the FPSO that will support development operations at Liza-2, an oilfield at the Stabroek block offshore Guyana.
Mexican oil export cuts already affecting India
Mexico’s national oil company Pemex has reportedly slashed crude exports to India since the beginning of the year, in an apparent move to uphold its previously announced goal of making more feedstock available to domestic refiners.
Moody’s analyst says Pemex faces less risk of ratings downgrade in 2022
An analyst for Moody’s Investors Service has said that Mexico’s national oil company Pemex has reduced the risk of another downgrade in its credit rating this year.
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