LatAmOil - Latin America Oil & Gas
Guyana's Ministry of Natural Resources releases new model contracts for offshore blocks.
Venezuelan President Nicolas Maduro revealed on March 21 that he had appointed Pedro Rafael Tellechea, the head of PdVSA, to serve as the country’s new petroleum minister.
Brazil’s domestic natural gas distributors have introduced a new captive consumer distribution tariff.
Guyana’s Environmental Protection Agency (EPA) has dismissed critics’ demands for “unlimited” insurance coverage against oil spills at the Stabroek block.
A London court has ruled that the UK government’s Serious Fraud Office (SFO) may seize nearly $8mn in illicit cash linked to a wide-ranging corruption scandal involving Brazil’s Petrobras.
Hess Corp. has said that a new exploration well will be spudded at Block 42 offshore Suriname later this year.
The Brazilian government’s National Council for Energy Policy (CNPE) intends to draw up a bill for the purpose of raising domestic gas production.
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes rise slightly month on month in February 2023.
Norway's BW Energy is resuming the process of acquiring Petrobras’ stakes in the Golfinho and Camarupim deepwater oilfields and is also buying the FPSO used to develop the sites from Italy’s Saipem.
Eni (Italy) has found oil at Yatzil, a prospect within Block 7, a licence area in the Cuenca Salina section of the Sureste basin offshore Mexico’s Tabasco State.
According to a report by Brazil’s Union of the Sugarcane and Bioenergy Industry (UNICA), in 2022, electricity production from various biomasses exceeded that from natural gas.
Guyana’s Vice President Bharrat Jagdeo sees his country's untapped natural gas reserves as the next priority for development now that efforts to exploit offshore oilfields are underway.
Argentina has secured an $840mn loan from the Development Bank of Latin America (CAF) for the funding of multiple projects, including the construction of the President Néstor Kirchner Gas Pipeline (PNKG).
As T&T hopes for a quick deal that might launch the Dragon gas field in two years, other observers say more time is needed to launch development.