LatAmOil - Latin America Oil & Gas

25 August 2022

Venezuelan petcoke sales to Indian cement manufacturers on the rise

24 August 2022

Indian cement manufacturers have been importing significantly more Venezuelan petroleum coke in recent months, as they seek to avoid US sanctions penalties for sourcing fuel from Russia.

Mexico sees pipeline imports of US-produced gas rise by 12% y/y in 5M-2022

24 August 2022

New data released last week by the US Energy Information Administration (EIA) revealed that pipeline exports of natural gas from West Texas to Mexico increased by 12% year on year in the first five months of 2022.

ANCAP group posts $128mn profit in H1-2022 despite fuel subsidies

24 August 2022

Uruguay’s national oil company (NOC) ANCAP reported on August 19 that it had remained in the black in the first half of 2022, despite the government’s decision to retain fuel subsidies.

US federal court issues opinion clearing ConocoPhillips to collect arbitration award from Caracas

24 August 2022

The US District Court for the District of Columbia has cleared one of the obstacles facing ConocoPhillips in its ongoing attempt to collect a $8.5bn arbitration award from the government of Venezuela.

YPF raises retail gasoline, diesel prices

24 August 2022

Argentina’s YPF raised retail motor fuel prices on August 21, saying the move was necessary because of the “evolution” in relevant factors such as world crude oil prices and the country’s macroeconomic performance.

BP preparing to exit upstream project in Mexico due to concerns about commercial viability

24 August 2022

BP (UK) is opting to wind down an upstream project in Mexico due to concerns about the commercial viability of its licence area, a company representative told Bloomberg last week.

APA announces first discovery at Block 53

24 August 2022

US-based APA Corp. announced on August 23 that it had made its first discovery of hydrocarbons at Block 53 offshore Suriname in the Baja-1 exploration well.

Guyana’s oil production hits new record high

24 August 2022

Guyana saw crude oil production levels rise to a new high of 386,540 barrels per day (bpd) on July 29, according to official data.

VP: Guyana still working to determine best solution for unassigned offshore blocks

24 August 2022

Guyana’s Vice President Bharrat Jagdeo told reporters on August 19 that the government was still trying to determine the best solution for disposing of unassigned blocks in the country’s offshore zone.

Another disruption in Brazil’s refinery sell-offs?

23 August 2022

Industry observers say upcoming changes in Brazil's diesel emissions standards could force changes in Petrobras' refinery valuations and future investment commitments.

LatAmOil: ExxonMobil may use tie-backs to expand production at Stabroek

22 August 2022

Mike Ryan, production manager at ExxonMobil Guyana, says his company is seriously considering using subsea tie-backs to link new oil finds at the Stabroek block to existing infrastructure in order to improve production operations.

PdVSA shifts its course on European oil-for-debt swaps

18 August 2022

Venezuela's PdVSA is no longer willing to supply oil to Europe in exchange for settlement of old debts.

Argentina offering tax, customs breaks to companies that increase oil and gas production

18 August 2022

Argentina is planning to give oil companies new incentives to boost production by offering them tax and customs benefits, Economy Minister Sergio Massa declared last week.

Chemtech awaiting Guyana’s approval for integrated petrochemical complex

18 August 2022

Chemtech will set up an integrated hydrocarbon-processing and post-petrochemical complex in Guyana, thereby establishing itself as a pioneer in that country’s emerging downstream sector.