LatAmOil - Latin America Oil & Gas
Petrobras heading for change
State-owned Petrobras may change direction somewhat as a result of Brazil’s presidential election.
Spudding of Wei-1 postponed again
Canada’s CGX Energy said on November 1 that it had been forced once again to postpone the spudding of Wei-1, its second exploration well at the Corentyne block offshore Guyana.
ANCAP imports jet fuel from Argentina to prevent shortages in Uruguay during labour strike
Uruguay’s national oil company ANCAP said on October 31 that it had begun importing jet fuel from neighbouring Argentina in order to ensure supplies to international airports despite a workers’ strike.
CNH approves Pemex’s Lakach plan
Mexico’s national oil and gas regulator approved plans for the development of Lakach, a deepwater natural gas field located off the coast of Veracruz state, on October 31.
Venezuela reportedly allowing IOCs that forego debts to quit JVs with PdVSA
Venezuelan authorities are permitting IOCs to exit JVs with PdVSA without any penalties in light of the US sanctions regime, on the condition that they forego payment for past debts and unpaid dividends.
New Fortress Energy set to expand gas business in Mexico under final agreements with CFE
New Fortress Energy (US) will expand its natural gas business in Mexico by finalising three agreements signed earlier this year with CFE, the national power provider.
Finance minister reports Trinidad and Tobago’s oil and gas tax revenues up
Colm Imbert, the finance minister of Trinidad and Tobago, said on October 26 that the government had collected far more tax revenue from the oil and gas industry than projected during Fiscal Year 2022.
Ecuador’s energy minister resigns as charges of corruption circulate
Ecuador’s Energy Minister Xavier Vera resigned from his position last week after the public prosecutor's office conducted a raid on his office, along with two of his residences.
Petrobras, QatarEnergy report sizeable oil find at Sépia field
Brazil’s national oil company Petrobras and its partner QatarEnergy reported on October 31 that they had discovered crude oil in 4-BRSA-1386D-RJS, a well drilled at the Sépia field in the Santos basin.
Hess sees cost of Uaru project topping $10bn
John Rielly, CFO of the US independent Hess, said last week that his company expected the total cost of Uaru, the fifth development project at the Stabroek block offshore Guyana, to exceed $10bn.
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