LatAmOil - Latin America Oil & Gas

CGX, Frontera exit Demerara

As CGX and Frontera seize an opportunity to focus on the Corentyne block, they offer up a practical example of how Guyana’s relinquishment policy works.

ESA report says satellite imagery reveals evidence of methane leak at Pemex platform

The European Space Agency (ESA) has published research showing that Mexico’s national oil company Pemex experienced a methane leak at an offshore platform last December.

Argentina investigates outcome of pipe supply tender following minister’s remarks

Argentina’s government has launched an investigation of corruption allegations related to a tender for the supply of 656 km of steel pipes for the first phase of a natural gas pipeline project.

Brazilian legislators vote to cap ICMS fuel tax

Brazil’s National Congress has weighed in on the effort to rein in domestic fuel prices by passing a bill that caps the rate of the state ICMS tax on petroleum products at 17-18%.

Guyana wins praise for plan to use oil revenues to fund establishment of green economy

The Inter-American Development Bank (IADB) says Guyana’s government has succeeded in formulating a comprehensive plan aimed at using oil revenues to facilitate the move toward a greener economy.

PdVSA receives third cargo of Iranian oil

Venezuela has reportedly taken delivery of its third cargo of Iranian crude oil, according to a Reuters report.

High fuel prices spark protests in Ecuador

Complaints about high fuel prices have helped lead indigenous and social action groups in Ecuador to launch a round of protests against the policies of Guillermo Lasso, the country’s right-leaning president.

Braskem-Idesa JV makes Advario shareholder in ethane import terminal

The Brazilian-Mexican joint venture Braskem-Idesa (BI) has agreed to make Advario, a Dutch company, a shareholder in the $400mn ethane import terminal it is building in Mexico’s Veracruz State.

LatAmOil: APA finds water in Rasper well offshore Suriname

Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.

APA finds only water in Rasper well offshore Suriname

Houston-based APA Corp. said on June 13 that it had finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.

GasBridge becomes Brazil’s second private company to buy Bolivian gas directly

GasBridge (GBC) has become the second privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.

Iran and Venezuela sign 20-year cooperation deal during Maduro visit

Colombia’s oil industry awaits election results

Colombia is gearing up for a run-off between Petro, a left-wing candidate who has pledged to halt new exploration, and Hernandez, a right-wing populist who hasn’t had much to say about oil and gas.

Source: Brazilian producers can sustain 2% increase in biodiesel content of trucking fuel

ABIOVE has reportedly said that Brazil’s inventories of vegetable oil are big enough to raise the amount of biodiesel blended into the diesel fuel used by truckers to 12%.

Argentina’s fuel shortages keep spreading

Argentina has reportedly been experiencing more shortages of refined fuels this week, with supply disruptions spreading beyond the northern part of the country and beyond the diesel market.

PdVSA orders filling stations to end subsidy by pricing diesel in US dollars

Venezuela’s national oil company PdVSA has instructed more than 100 filling stations around the country to begin selling diesel in US dollars.

NGC seeks to create hydrogen-based economy

Trinidad and Tobago’s state-owned Natural Gas Co. (NGC) is working with its subsidiary National Energy and independent consultancy Kenesjay Green Ltd to create a sustainable hydrogen-based economy.