LatAmOil - Latin America Oil & Gas
Conflict brewing between Lula and Prates?
Brazil’s president and his hand-picked Petrobras CEO do not appear to be in agreement about the best option for divestment of the NOC’s assets.
Cenagas launches first open season for gas transport capacity since 2017
Mexico’s Cenagas has launched an open season for firm natural gas transport capacity for the first time since President Andrés Manuel López Obrador took office in 2018.
EPA lauded for helping Guyana meet targets on road to oil production
Guyana’s Environmental Protection Agency (EPA) has praised for its role in the successful launch of oil production.
Rystad sees Brazil as front-runner in hydrogen adoption, reduced carbon emissions
Rystad Energy says Brazil’s energy sector has the technological capabilities required to become a front-runner in reducing carbon emissions intensity.
Peru LNG exports five cargoes in March
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes remain almost unchanged month on month in March 2023.
PdVSA audits main petcoke exporter’s accounts amidst probe of $21.2bn in unrecovered debt
Venezuela's PdVSA is auditing accounts associated with Maroil Trading, which handles the majority of the country’s petroleum coke exports, within the framework of an anti-corruption probe.
ExxonMobil subsidiary to conduct additional biodiversity, environmental studies offshore Guyana
The Guyana-based affiliate of the US super-major ExxonMobil has announced plans to conduct further studies related to its oil and gas operations in the South American country’s offshore zone.
Wintershall completes acquisition of 37% stake in Hokchi block from PAE subsidiary
Germany's Wintershall Dea has completed the acquisition of a 37% share in the Hokchi block from the Mexican subsidiary of Argentina’s Pan American Energy (PAE).
Rystad reports on Vaca Muerta performance in 2022
Argentina’s Vaca Muerta shale formation saw improvements in production and well performance last year, though it also faced short-term takeaway constraints.
Enauta finishes ramping up production operations at Atlanta oilfield in Santos basin
Enauta Participações, the independent Brazilian oil company, has finished ramping up production operations at 7-ATL-5H-RJS (5H), a new well drilled at the Atlanta field in the Santos basin.
Karoon brings PAT-1 well on stream at Patola field offshore Brazil
Karoon Energy (Australia) has successfully commenced production at PAT-1, a new well drilled at Patola, an oilfield located offshore Brazil within the BM-S-40 licence area in the Santos basin.
OPEC+ announces surprise output cut
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
Pemex, Talos in deal for Zama development
Mexico’s NOC is touting a new arrangement that is supposed to allow its privately-owned US, German and UK partners the ability to collaborate in upstream decisions.
Bayphase awarded consultancy contract for review of Uaru field development plan, ESIA
Guyana has hired Bayphase Ltd, a UK-based consultancy, for the review and evaluation of the work plan for Uaru, the fifth development target at Stabroek.
Rockhopper says Navitas may make FID on Sea Lion project in 2024
Rockhopper (UK), a partner in the Sea Lion project offshore the Falkland Islands, confirmed last week that a final investment decision may be reached in 2024.
Ecopetrol chairman calls on company to increase production in order to finance energy transition
Saul Kattan, the chairman of Ecopetrol, says the firm must focus on increasing oil and gas production in order to cover the cost of the energy transition.
US to issue ultimatum as Mexico reverses energy reform
The administration of US President Joe Biden will issue an “act now or else” missive in the next few weeks to Mexico over the two countries’ energy trade dispute.
Excelerate’s Excelsior FSRU will interrupt German charter for seasonal service in Argentina
Excelerate Energy has confirmed that its FSRU Excelsior will suspend its German charter to serve as an LNG import facility on a seasonal basis at the Bahia Blanca terminal in Argentina.
Shell signs third supply deal with MPL for supplies from Saguaro Energia
A subsidiary of Shell (UK) has signed a 20-year LNG supply contract with Mexico Pacific Ltd (MPL), the developer of Saguaro Energia.
Petrobras CEO reiterates commitment to fossil fuel production
Jean Paul Prates, the CEO of Brazil’s Petrobras, has reaffirmed his company’s continued commitment to oil and gas even as the world continues to move away from fossil fuels.
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