LatAmOil - Latin America Oil & Gas
Paraguay’s fuel price hike may be lending extra momentum to cross-border fuel smuggling
The Paraguayan government’s decision to raise domestic petroleum product prices as of February 12 appears to be lending extra momentum to cross-border smuggling of motor fuel.
CGX, Frontera complete Kawa-1 well
Canada’s CGX Energy and its majority shareholder Frontera Energy wrapped up drilling operations at Kawa-1, its first exploration well at the Corentyne block offshore Guyana.
Brazilian gas distributors’ association reports domestic consumption levels up 29% in 2021
Abegas, an association of Brazilian natural gas distributors, has reported that the country saw the consumption of gas received via distribution companies rise by 29% year on year in 2021.
Pemex reports oil, fuel exports down significantly in January
Mexico’s national oil company Pemex has reported that the volume of its crude oil and petroleum product exports dropped significantly in the first month of 2022.
Consultant says Olmeca refinery in Tabasco State is only half finished
Mexico’s government may be overstating the extent to which Pemex has completed work on a new refinery in Tabasco State, according to Gonzalo Monroy, the CEO of GMEC energy consultancy.
IEASA authorised to build pipeline for Vaca Muerta gas
Argentina’s government has authorised Integración Energética SA (IEASA), a state-owned oil, gas and power company, to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
Mexican businessmen rumoured to be eyeing takeover of Monterra’s Tuxpan terminal
A group of Mexican businessmen is reportedly seeking to buy the 2.2mn barrel petroleum product storage terminal that Monterra Energy (US) owns near Tuxpan, a port in Veracruz State on the Gulf of Mexico.
Lukoil completes acquisition of 50% stake in Area 4
Russia’s LUKoil has completed its acquisition of a 50% stake in the production-sharing agreement (PSA) covering Area 4, located in the southern Gulf of Mexico, from the site’s current operator PetroBAL.
LatAmOil: IEASA gets green light for Vaca Muerta gas line
Argentina’s government has authorised state-owned Integración Energética SA (IEASA) to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
KGL to carry out green hydrogen assessment for Dominica
Trinidad-based Kenesjay Green Ltd (KGL) said in a recent press release that it had agreed to perform a green hydrogen assessment for Dominica.
Guyana in talks with Middle Eastern oil companies ahead of offshore bidding round
Guyanese Vice-President Bharrat Jagdeo has said that Georgetown is in talks with several state-run Middle Eastern oil firms about a potential exploration for new offshore oil deposits.
Eni brings Miamte MV 34 FPSO on stream at Area 1
Eni (Italy) has begun development operations at at Area 1, a shallow-water licence area located off the coast of Tabasco State in the southern Gulf of Mexico, using the Miamte MV 34 FPSO.
ExxonMobil identifies Uaru-2 as target of fifth development project
ExxonMobil Guyana, a subsidiary of the US super-major ExxonMobil, confirmed last week that it had selected Uaru-2 as the target of its fifth development project at the Stabroek block offshore Guyana.
Rystad Energy, CGX exec say Kawa-1 find has de-risked Guyana’s offshore zone
Rystad Energy, a Norway-based energy consultancy, says the recent find at the Corentyne has helped settle the question of whether ExxonMobil’s Stabroek block will be the only success in Guyana’s offshore zone.
Monterra demands return of Tuxpan fuel terminal
Monterra Energy says it is prepared to seek arbitration if Mexico City does not surrender control of the Tuxpan fuel terminal, which has remained closed since last September.
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