LatAmOil - Latin America Oil & Gas

Guyana’s High Court takes sides on issue of insurance coverage

A Guyanese judge has sided with critics of the Stabroek project in arguing that ExxonMobil has “unlimited liability” in the event of an oil spill and must insure itself accordingly.

Equinor, Repsol Sinopec Brazil, Petrobras make FID on $9bn BM-C-33 project

Equinor and its partners have made a final investment decision on the $9bn development of BM-C-33, a natural gas block in Brazil's offshore Campos basin.

TotalEnergies building up “pool” of oil discoveries at Block 58 offshore Suriname, Pouyanné says

Patrick Pouyanné, the CEO of France’s TotalEnergies, has indicated that his company is working to aggregate all of its oil discoveries at Block 58 offshore Suriname.

Staatsolie signs PSCs with TotalEnergies, QatarEnergy for Blocks 6, 8 offshore Suriname

Suriname's Staatsolie has signed PSCs for two offshore blocks with TotalEnergies and QatarEnergy.

Petrobras says it may move rig to Potiguar basin if it cannot drill in Foz do Amazonas

Brazil's Petrobras may relocate its rig from FZA-M-59, an exploration block near the mouth of the Amazon River, if it cannot obtain an environmental licence to begin drilling there.

ANP drafting new technical classification regulations for gas transportation, distribution infrastructure

Brazil's ANP intends to draft new regulations governing technical classifications for natural gas distribution and transportation infrastructure.

Pemex in talks with Mexican government on extending deferral of profit-sharing payments

Mexico’s Pemex has confirmed that it is in negotiations with the government after asking to extend the deferral of its profit-sharing payments.

NFE to finish building first FLNG for installation offshore Mexico in July

New Fortress Energy expects to finish building its first FLNG production unit, which will be installed off the coast of Mexico, in July.

Peru LNG exports six cargoes in April

Peru LNG has reported that its export volumes climbed by about 10% month on month in April 2023.

Venezuela strikes deal with Eni, Repsol on condensate exports

Venezuela has struck an agreement with two European oil majors, Italy’s Eni and Spain’s Repsol, that will allow for the export of gas condensate to other markets.

CGX says Wei-1 well has encountered crude oil but doesn’t comment on commercial nature of find

Canada’s CGX Energy has encountered crude oil in Wei-1, its second exploration well at the Corentyne block offshore Guyana.

LatAmOil: YPF to resume oil exports to Chile after 17-year hiatus