LatAmOil - Latin America Oil & Gas

AMLO’s new power plants

Mexico’s government has paid Spain’s Iberdrola $6bn for 12 gas-fired TPPs and a wind farm.

Crude oil export tax will not be permanent, Brazilian finance minister confirms

Brazil’s Finance Minister Fernando Haddad has confirmed that the government’s newly introduced tax on crude oil exports is not a permanent policy but will instead be eliminated within four months.

COSCO shipyard and partners begin work on new P-82 FPSO for Petrobras’ Búzios oilfield

China's COSCO Shipping Offshore Engineering marked the beginning of construction on the P-82 FPSO bound for the Santos basin pre-salt area offshore Brazil.

Brazil’s Ministry of Mines and Energy hopes to make more gas available at lower prices

Brazil’s Ministry of Mines and Energy (MME) is in the process of developing a mechanism to make more natural gas available at lower prices.

PGS says deepwater blocks in Guyana licensing round may host trends similar to “Golden Lane”

Norway's PGS says in a new report that the deepwater sites included in Guyana’s ongoing offshore licensing round may host trends similar to the “Golden Lane” within the Stabroek block.

Ecuador burning crude oil in converted generators to reduce dependence on diesel imports

Petroecuador has started burning crude oil in 20 specially converted generating units in a bid to reduce its dependence on imported diesel fuel.

ExxonMobil suspends deepwater exploration in Brazil

ExxonMobil has suspended its exploration efforts in Brazil’s deepwater acreage after drilling a third dry hole in that country’s offshore zone.

ICJ confirms jurisdiction over Guyana-Venezuela border dispute

The International Court of Justice (ICJ) in The Hague has confirmed its jurisdiction over a long-standing border dispute between Guyana and Venezuela.

Staatsolie sees TotalEnergies making FID on Block 58 sometime in 2024

Suriname’s Staatsolie expects France’s TotalEnergies to make a final investment decision on the offshore licence area known as Block 58 before the end of 2024.

Brazil’s oil and gas production rises slightly in February

Brazil’s total hydrocarbon production climbed slightly to 4.183mn barrels of oil equivalent per day in February 2023, according to ANP data.

LatAmOil: PdVSA auditing accounts of country’s main petcoke exporter

Global gas flaring drops 3% in 2022

The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.