LatAmOil - Latin America Oil & Gas

24 March 2023

Guyana goes public with new model contracts

23 March 2023

Guyana's Ministry of Natural Resources releases new model contracts for offshore blocks.

Maduro appoints new petroleum minister

23 March 2023

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.

Brazilian gas distributors introduce new captive consumer tariff

23 March 2023

Brazil’s domestic natural gas distributors have introduced a new captive consumer distribution tariff.

EPA dismisses critics’ demand for “unlimited insurance” against oil spills at Stabroek

22 March 2023

Guyana’s Environmental Protection Agency (EPA) has dismissed critics’ demands for “unlimited” insurance coverage against oil spills at the Stabroek block.

UK court says Serious Fraud Office may seize funds from former Petrobras employee’s account

22 March 2023

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 CEO: New exploration well to be spudded at Block 42 offshore Suriname later this year

21 March 2023

Hess Corp. has said that a new exploration well will be spudded at Block 42 offshore Suriname later this year.

Brazil’s National Council for Energy Policy will draft bill to stimulate gas sector

21 March 2023

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 exports five cargoes in February

21 March 2023

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.

BW Energy resumes process of acquiring Petrobras’ stakes in Camarupim, Golfinho clusters

21 March 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 strikes oil at Yatzil field in Block 7

21 March 2023

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.

Biomass power generation exceeds natural gas in Brazil

19 March 2023

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.

Jagdeo comments on Guyana’s plans for developing offshore gas reserves

16 March 2023

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.

CAF to lend funds to cover $540mn of new gas pipeline’s cost in Argentina

16 March 2023

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).

T&T preparing for more talks on Dragon

16 March 2023

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.