LatAmOil - Latin America Oil & Gas

Petrobras’ new CEO

With President Lula’s ally in charge, Brazil's national oil company Petrobras is likely to focus more on downstream operations.

Mexican government pledges to continue helping Pemex cover payments to bondholders

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.

Guyana to use World Bank loan funds to expand capacity for oil sector oversight

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.

SPEC LNG seeks to assess gas market players’ interest in expansion of Cartagena import terminal

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.

Ecopetrol CEO to step down on March 31

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 finalises sale of Albacora Leste

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).

Rowley says T&T may pay Venezuela for gas with humanitarian supplies instead of cash

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.

Chevron CEO says Venezuelan JVs are now yielding 90,000 bpd

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 says new PSA model will be made public by end-February

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.

Court rejects latest attempt to freeze seismic study in North Argentina basin

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.

LatAmOil: T&T wins two-year waiver for joint gas project with Venezuela

Chile’s HIF gears up to start synthetic gasoline production at Haru Oni plant in March

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.

Incoming Petrobras CEO said to be filling senior management positions

Petrobras' incoming CEO has reportedly begun the process of filling the firm’s senior management posts.

Guyana’s president says he opposes distribution of oil revenues amongst members of public

Guyana’s President Irfaan Ali said last week that he opposes suggestions to distribute the country’s oil revenues among members of the population.