LatAmOil - Latin America Oil & Gas

14 October 2022

Washington expected to soften Venezuelan sanctions soon, sources tell WSJ

13 October 2022

The US government may soon scale back sanctions on Venezuela government, a move that would allow for the resumption of crude oil exports from the South American country to the US, Europe and other foreign markets.

Canadian official backs Guyana’s plans to develop both oil and renewable energy

13 October 2022

Mark Berman, the Canadian high commissioner to Guyana, has said he does not believe the country’s plans to develop its oil industry as well as its renewable energy sector are contradictory.

Ecopetrol CEO expresses relief at Colombian president’s change of course on oil export tax

13 October 2022

The head of Colombia’s Ecopetrol said he was pleased that President Gustavo Petro had backtracked on some of his campaign promises related to taxing extractive industries such as oil and gas.

Yinson secures $720mn syndicated loan for FPSO Maria Quitéria

13 October 2022

Yinson (Malaysia) has finalised a syndicated loan deal worth $720mn for the construction of the FPSO Maria Quitéria, which Brazil’s national oil company Petrobras will install at a Campos basin field.

Mexico reportedly starting to work on 2023 oil hedge

13 October 2022

Mexico’s government has reportedly begun working with major financial institutions to set up its next round of crude oil hedges.

Bank of Guyana says NRF’s balance has topped $1bn

13 October 2022

The Bank of Guyana (BoG) stated earlier this week that the country’s Natural Resource Fund (NRF) had reported a balance equivalent to more than $1bn as of the end of the third quarter of 2023.

Eneva reportedly seeking to acquire stakes in gas blocks to secure feedstock for CELSE

12 October 2022

Eneva, a privately owned Brazilian company, is reportedly looking to acquire offshore blocks in the Sergipe-Alagoas basin in order to secure steady supplies of natural gas for the CELSE power plant.

Pemex effectively confirms failure to report methane leaks at Zaap-C platform last December

12 October 2022

Mexico’s national oil company Pemex has effectively confirmed that it did not submit any reports on the methane leaks detected at the Ku-Maloob-Zaap oilfield cluster last December via satellite data.

Brazil sees gas re-injection volumes rise to record high in August

12 October 2022

Brazil saw the volume of natural and associated gas re-injected into crude oil reservoirs rise to a record-high level of 69.6mn cubic metres per day in August of this year.

Ecuador expects offshore gas licensing round in 2024, minister says

12 October 2022

Ecuador’s government is drawing up plans for an offshore licensing round for natural gas blocks in the Gulf of Guayaquil, Energy Minister Xavier Vera said earlier this week.

LatAmOil: Staatsolie confirms plans for deepwater auctions in Q4-2022

10 October 2022

Staatsolie, the national oil company of Suriname, has confirmed that it still intends to launch a licensing round for deepwater acreage before the end of this year.