LatAmOil - Latin America Oil & Gas
With President Lula’s ally in charge, Brazil's national oil company Petrobras is likely to focus more on downstream operations.
Mexico's government has responded positively to requests from the national oil company Pemex for assistance in covering financial obligations to holders of its securities.
The government of Guyana revealed last week that it has allocated the sum of GYD500mn ($2.37mn) for improving its capacity for oversight and management of the oil and gas sector.
Sociedad Portuaria El Cayao (SPEC LNG), the operator of Colombia’s only LNG import terminal, is trying to assess the level of interest in proposals for expansion of the facility.
Colombia’s national oil company Ecopetrol is heading for a personnel change, as its CEO Felipe Bayón Pardo is set to step down from his post on March 31.
Petrobras has completed the sale of Albacora Leste, a pre-salt field in the Campos basin, to a subsidiary of the privately-owned Brazilian company Petro Rio (PRIO).
Trinidad and Tobago is considering non-cash methods of compensating Venezuela for natural gas from the offshore Dragon field in order to comply with the terms of a US sanctions waiver.
Mike Wirth, the CEO of Chevron (US), said on January 27 that his company’s joint ventures in Venezuela were currently producing about 90,000 barrels per day.
Guyana’s Finance Minister Ashni Singh reported last week that the government was set to present the first draft of a new model PSA regime to the public before the end of February.
The Federal Court of Appeals in Mar del Plata has rejected an attempt to overturn a previous legal ruling that green-lit plans for offshore exploration work in portions of the North Argentina basin.
Chile’s Highly Innovative Fuels (HIF) is reportedly set to launch production of synthetic gasoline at its Haru Oni plant in the city of Punta Arenas in March 2023.
Petrobras' incoming CEO has reportedly begun the process of filling the firm’s senior management posts.
Guyana’s President Irfaan Ali said last week that he opposes suggestions to distribute the country’s oil revenues among members of the population.