LatAmOil - Latin America Oil & Gas

Knock-on effects of Brazil’s gas reforms

Disagreements between Brazilian producers and consumers over gas composition standards highlight unexpected costs of eliminating Petrobras’ monopoly status.

Challenger identifies three prospects offshore Uruguay

Challenger Energy has identified three high-potential prospects in AREA OFF-1 offshore Uruguay and says the block may hold up to 1-2bn boe.

Wintershall Dea reports major oil find at Kan prospect in Mexico’s Block 30

Germany’s Wintershall Dea has made a major oil find in the Kan exploration prospect at Block 30 in Mexico’s Sureste basin.

Biden administration dismisses Colombian president’s call for Venezuelan sanctions relief

The US government has doubled down on its decision to keep economic sanctions against Venezuela in place, despite calls from several Latin American leaders to loosen trade restrictions.

YPF outlines plans to invest $6-7bn in midstream projects to boost oil exports

Argentina’s YPF will invest $6-7bn in midstream projects to boost crude oil exports from the Vaca Muerta shale play.

ExxonMobil makes new find at Stabroek

ExxonMobil has made a new find at Lancetfish, a field within the Stabroek block offshore Guyana.

Petrobras joins forces with Shell, SENAI CIMATEC to build lab complex

Brazil’s Petrobras has entered into a partnership with Shell (UK) and the Centre for Integrated Manufacturing and Technology (SENAI CIMATEC), a technology incubator in Salvador.

Guyana turns down India’s request for discounted crude oil supplies

Guyana’s Vice President Bharrat Jagdeo says his country rejected India’s request for a discount on crude oil purchases during recent trade discussions.

EEPGL says fourth Stabroek FPSO will be fitted with larger amount of locally fabricated steel

ExxonMobil expects to use 200 tonnes of locally fabricated steel for its fourth floating production, storage and off-loading (FPSO) vessel in Guyana.

EIA says Mexico’s oil production has stabilised at 1.9mn bpd

Mexico’s oil production has stabilised since 2019 after 20 years of decline, the US Energy Information Administration (EIA) said in a note last week.

CNH authorises Eni to drill Tlazotli-1EXP well

Eni has secured authorisation from Mexico’s CNH for the drilling of the Tlazotli-1EXP exploration well in the Cuenca Salina section of the Sureste basin.

LatAmOil: Guyana extends offshore bidding round by three months

Mexican government says price of Iberdrola asset deal will be subject to verification

The final price tag for Mexico's acquisition of 12 gas-fired power plants and a wind farm from the Spanish energy company Iberdrola will be subject to verification by the state.

PdVSA adds three new companies to list of approved petcoke buyers

Venezuela’s national oil company PdVSA has recently added at least three new companies to the list of approved buyers of its petroleum coke.

A role for local content in Guyana’s bidding round?

Since Guyana's new PSA model fixes signature bonuses, analyst suggests that IOCs make their offers stand out by offering local content programmes.

Karoon says Baúna and Patola oilfields will remain offline till May

Australia’s Karoon Energy expects crude oil production at the Baúna and Patola fields offshore Brazil to remain suspended until May.