LatAmOil - Latin America Oil & Gas
ExxonMobil has been concentrating on oil at Guyana's Stabroek block, but there are signs that associated gas production may become more important than it has been in the past.
Mexico Pacific Ltd (MPL) has expanded the scope of its plan to build a new LNG export terminal at Puerto Libertad in Mexico’s Sonora State and will make a final investment decision in the second half of 2022.
Ecuador’s Energy Minister Juan Carlos Bermeo stepped down from his cabinet post last week, announcing his decision in a letter to President Guillermo Lasso.
The head of the Caribbean Development Bank (CDB) declared last week that Caribbean countries ought to speed up the transition to renewable energy sources in order to avoid the high costs associated with fuel imports.
The final price tag for the 340,000 barrel per day refinery that Mexico’s Pemex is building in Tabasco State may be nearly twice the original figure of $8bn, according to a report from Reuters.
Trafigura, the Swiss-based commodities trader, reports that Mexico’s Secretariat of Energy (SENER) had restored the petroleum product import permits that it cancelled last September.
Petrobras announced on April 27 that it had signed production-sharing contracts (PSCs) for Atapu and Sépia, two of the four Santos basin sites within the offshore Transfer of Rights (TOR) area.
Indian refiners are considering buying more Brazilian crude, but few large-scale term supply deals are likely.
The final price tag for the Olmeca refinery, which Mexico’s national oil company Pemex is building in Tabasco State, may be $14bn.
Guyana’s Vice President Bharrat Jagdeo offered some additional details about the government’s plans for unassigned exploration blocks during a press conference on April 29.
TechnipFMC’s shift of certain operations from Trinidad and Tobago to Guyana highlights the issues that can arise when one hydrocarbon basin matures and another moves to the forefront.
Argentinian President Alberto Fernández marked the launch of construction work on the Néstor Kirchner natural gas pipeline last week during a ceremony at Loma Campana, a field in the Vaca Muerta shale formation.
Shell (UK) is gearing up to drill a new exploration well at the Block 42 licence area offshore Suriname later this year, according to Hess (US), a non-operating partner in the project.
Pemex has reportedly come under more pressure from the Finance Ministry to resume payments on maturing securities, despite President Lopez Obrador's promise to cover the firm’s obligations until the end of his term in 2024.
Staatsolie, the national oil company of Suriname, has struck a deal that will allow the US major Chevron to add Block 7 to its portfolio of offshore assets.
ExxonMobil has made three new discoveries in the south-eastern section of the Stabroek block offshore Guyana, pushing the recoverable resource estimate up to nearly 11bn boe.
Petroperú, the national oil company of Peru, is once again making upward revisions to its estimate of the total cost of modernising the Talara oil refinery.
Venezuela’s political opposition will continue to insist that the US make lifting sanctions on the oil sector conditional on significant political reform, an oil and energy advisor to opposition leader Juan Guaido has said.
Guyana’s Vice President Bharrat Jagdeo said last week that Georgetown was on track to make a final decision regarding the potential formation of a national oil company in September 2022.
BHP Billiton (Australia) revealed last week that it had sold part of its equity stakes in two exploration licences offshore Barbados to a subsidiary of Shell (UK).
Finland’s Wärtsilä will provide support to the Caribbean LNG joint venture as it executes a small-scale LNG regasification project on the island of Antigua.