LatAmOil - Latin America Oil & Gas

Brazilian gas producers, consumers square off with pipeline operators over tariff calculation rules

Producers and consumers of natural gas in Brazil are pushing for updates to the rules governing the calculation of pipeline transportation assets and capacity usage tariffs.

Mexico Pacific, Zhejiang Energy sign long-term supply deal for Saguaro LNG

Mexico Pacific Ltd has agreed to supply Zhejiang Energy International of China with LNG from a new natural gas liquefaction plant slated for construction in Sonora State.

NGC working to expand presence in gas sector

National Gas Co. of Trinidad and Tobago Ltd (NGC) is taking significant steps to expand its footprint in the natural gas sector through a series of strategic acquisitions of upstream and downstream assets.

Peru LNG reports export volumes up in June

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its LNG export volumes rise more than 25% month on month in June 2023.

OPEC+ members plan deeper cuts ahead of meeting

The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.

ExxonMobil begins engineering study on Bajo del Choique Nordeste pipeline in Argentina

ExxonMobil (US) recently began work on an engineering study covering a proposal for construction of a new oil pipeline originating in Argentina’s Neuquén Province.

Jagdeo says four companies shortlisted for Guyana’s modular refinery project

Guyana remains committed to plans for building a modular oil refinery and has shortlisted four of the companies that responded to its Request for Proposals (RFP) for the project.

ANCAP awards Challenger licence for AREA OFF-3 offshore Uruguay

Challenger Energy Group (UK) has secured a licence for AREA OFF-3, a block in the Pelotas basin offshore Uruguay.

LatAmOil: Bolivia’s natural gas exports to Argentina sink in May

Guyana’s evolving gas plans

As interest in the Stabroek block’s gas reserves picks up, Georgetown is taking steps to lay a legal foundation for joint development projects with Suriname.

ExxonMobil, Guyana reportedly negotiating terms of relinquishment for up to 20% of Stabroek

ExxonMobil (US) and Guyana are currently engaged in discussions regarding the return of unexplored sections of the Stabroek offshore block to government ownership.

Pemex budgets nearly $20mn for “Energy Train” upgrade scheme at Madero refinery

Mexico’s national oil company Pemex has reportedly budgeted MXP338mn ($19.7mn) to cover the cost of upgrade work at the Francisco I. Madero refinery in Tamaulipas State.

Guyana’s draft petroleum law aims to prevent government officials from owning oil and gas blocks

Guyana's draft Petroleum Activities Bill contains anti-corruption provisions that are designed to prevent government officials and their family members from owning a petroleum licence.

Petrobras launches $1.25bn securities issue

Brazil’s national oil company Petrobras has returned to global debt markets for the first time in two years via the launch of a $1.25bn debt issue.

CGX, Frontera report new discovery at Wei-1

Canada’s CGX Energy and its joint venture partner Frontera Energy have discovered additional hydrocarbons in Wei-1 well, the second exploration well drill at the Corentyne block offshore Guyana.