LatAmOil - Latin America Oil & Gas
The failure of CFE reform and the future of oil and gas
AMLO’s failed attempt to secure CFE’s leading role is a signal of willingness to continue waging a similar fight on behalf of Pemex, though not always through legislative means.
Yellowtail environmental permit includes landmark provisions targeting emissions reduction
The environmental permit issued for Yellowtail, the fourth development target at the Stabroek block offshore Guyana, differs from its predecessors because it will include a roadmap for carbon dioxide emissions reduction.
USAID awards grant to Peruvian NGO to help clean up oil spill
USAID has awarded a grant worth $100,000 to the Peruvian environmental fund Profonanpe to support clean-up operations related to an oil spill that occurred at La Pampilla earlier this year.
Petrobras reports on receipt of payment for stakes in Atapu oilfield
Brazil Petrobras has received full payment from Shell (UK) for its share in Atapu, an offshore oilfield in the Santos basin, and has given TotalEnergies (France) more time to pay for its own share in the same field.
Argentina extends TotalEnergies’ licence for CMA-1
Argentina’s government has pushed the closing date of the concession granted to TotalEnergies (France) and its partners for Cuenca Marina Austral-1 back from 2031 to 2041.
Duque: Colombia can ramp up oil production more quickly than Venezuela
Colombian President Ivan Duque asserted last week that his country was in a better position than Venezuela to ramp up oil production quickly.
Arrow Exploration gearing up for production testing at RCE-2 well in Llanos basin
Canada’s Arrow Exploration is nearly ready to begin production testing at Rio Cravo Este-2 (RCE-2), a new development well drilled at the Tapir block in Colombia’s Llanos basin.
CNPC brings its first well on stream at Ecuador’s Ishpingo oilfield
The government of Ecuador reported last week that a subsidiary of China's CNPC had brought Ishpingo, one of the three oilfields within the ITT block near the Yasuni National Park, on stream.
ANP hails investors’ strong response to latest bidding round, awards 59 blocks
Brazil’s ANP reported last week that the most recent bidding round, the Third Cycle of the Open Acreage in the Concession Model, had attracted more attention than anticipated.
Former CDB official describes Guyana’s estimate of GTP project cost as reasonable
Dr. Justin Ram, the former director of economics at the Caribbean Development Bank (CDB), views Guyana’s cost estimate of $900mn-$1bn for a planned gas-to-power (GTP) project as reasonable and not overstated.
Inoxcva to build small-scale LNG regasification plant on Antigua for Caribbean LNG
India’s Inoxcva said on April 19 that it had won a contract from the Caribbean LNG joint venture for the construction of a small-scale LNG regasification facility and terminal on Antigua.
LatAmOil: ANP notes strong interest in Brazil’s latest bidding round
Brazil’s ANP reported last week that the most recent bidding round, the Third Cycle of the Open Acreage in the Concession Model, had attracted more attention than anticipated.
Alagoas state administration hopes to attract industrial investors with cheap gas supplies
The Brazilian state of Alagoas has been expanding its efforts to attract industrial investors seeking access to less expensive natural gas supplies, according to a report from Argus Media.
Fuel shortages on the rise in Cuba due to higher prices, reduced shipments from Venezuela
Following the Russian invasion of Ukraine, petroleum product shipments to Cuba from Venezuela and other regular suppliers have plummeted far below their usual levels.
Ali says Guyana has received at least six proposals for small refineries in Region Six
Guyana’s President Irfaan Ali has said that at least six companies have submitted proposals to the government for the construction of oil refineries in the East Berbice-Corentyne region, also known as Region Six.
Nahle says Olmeca refinery will cost $9.8bn
Mexico’s Energy Minister Rocio Nahle has acknowledged that the cost of building the Olmeca refinery, formerly known as Dos Bocas, is likely to be closer to $10bn than the originally projected $8bn.
Eni exports first oil cargo from Area 1
Eni (Italy) has successfully off-loaded and exported its first cargo of crude oil from Area 1, a shallow-water licence area located off the coast of Tabasco State, using the Miamte MV 34 FPSO.
YPFB unveils new gas deal with Argentina
Bolivian President Luis Arce revealed last week that the national oil company YPFB had cleared the last obstacles to finalising a new natural gas supply agreement with Argentina.
Details of Firebird LNG project becoming clearer
Phoenix Development Co. seems to be settling on plans for building an offshore pipeline to serve an onshore LNG plant in Suriname, as well as its two onshore facilities in Nickerie.
IAE report: Argentina’s oil and gas production up substantially year on year in February
Argentina saw production of both crude oil and natural gas rise substantially in the month of February, according to a report published on April 11 by the Argentine Institute of Energy (IAE).
Eagle LNG set to negotiate LNG supply deal with Curaçao’s Aqualectra
Eagle LNG Partners (US) and Aqualectra, Curaçao’s public water and power provider, have signalled their intent to hammer out a deal on LNG supplies.
Trinidad and Tobago to reduce fuel subsidies
Colm Imbert, the prime minister of Trinidad and Tobago, announced on April 8 that his government intended to reduce subsidies for petroleum product prices as of April 19.
Shawcor expects to sign pipeline coating contract with Saipem in mid-2022
Canada’s Shawcor expects to sign an agreement in mid-2022 with Italy’s Saipem on pipeline coating services at Yellowtail, the fourth oilfield slated for development within the Stabroek block offshore Guyana.
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