LatAmOil - Latin America Oil & Gas
PM says Trinidad and Tobago will step up search for gas at maritime borders
Trinidad and Tobago will step up co-operation with other nearby countries to expand exploration for natural gas at and around the borders of its offshore zone in the Caribbean Sea.
AMLO expects a deal with Talos on Zama oilfield soon
Mexico's president expects his government to strike a deal with the US company Talos Energy on unitisation of the Zama oilfield in the near future.
Jagdeo says Guyana ready to reclaim Demerara licence if CGX doesn’t drill exploration wells
Guyana is prepared to reclaim the licence for the Demerara offshore block if Canada’s CGX Energy fails to uphold its exploration drilling commitments.
Hess sees Fangtooth field supporting stand-alone development project at Stabroek
Fangtooth, an oilfield discovered at the Stabroek block offshore Guyana, has been identified as a likely future development target, according to the head of the US independent company Hess.
US reportedly loosening Venezuelan sanctions further by allowing Eni, Repsol to export oil
The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil and gas sector, according to information from a Reuters report.
LatAmOil: US reportedly allowing Eni, Repsol to export Venezuelan oil
The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil sector.
Diesel shortages hitting in Bolivia and Argentina
Reports of widespread diesel supply disruptions in northern Argentina and western Bolivia are triggering high-level responses.
Petrobras strikes deal on LUBNOR sale
Petrobras has agreed to sell another downstream asset – namely, the Refinaria Lubrificantes e Derivados do Nordeste (LUBNOR) plant.
YPFB head says economic factors drove decision to cut gas exports to Brazil
Bolivia’s national oil company YPFB says economic factors drove its decision to reduce natural gas flows to Brazil by 6mn cubic metres per day in April and increase deliveries to Argentina.
Suriname planning to hold two additional offshore licensing rounds by mid-2023
The head of Staatsolie, the national oil company of Suriname, has said that his company hopes to stage two additional offshore licensing rounds by the middle of next year.
Bloomberg Economics analyst: Mexican fuel subsidy costs rising faster than oil export earnings
Mexico’s oil export earnings have climbed this year along with world crude prices, but not quickly enough to compensate for rising domestic motor fuel subsidies, according to Bloomberg Economics.
ExxonMobil contracts Acorn International for environmental study of Uaru project
Acorn International, a Houston-based risk management consultancy, has been contracted to carry out an environmental study for Uaru, the fifth development project at the Stabroek block offshore Guyana.
US extends Chevron’s Venezuela waiver
The US Treasury Department has extended the sanctions waiver awarded to Chevron so that the company can maintain a presence in Venezuela.
Trinidad and Tobago’s energy minister criticises report on ability to gain market share in Europe
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has criticised Reuters for a recent report suggesting that Peru is better positioned to capture LNG market share in Europe.
NFE, Ebrasil sell shares in LNG-to-power project to Eneva
US-based New Fortress Energy (NFE) and its Brazilian JV partner Ebrasil Energia have agreed to sell the Porto do Sergipe thermal power plant to the privately owned Brazilian company Eneva.
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