LatAmOil - Latin America Oil & Gas
Mexico Pacific signs 20-year contract with ConocoPhillips for natural gas supply
Mexico Pacific has signed a 20-year sales and purchase agreement to supply liquefied natural gas (LNG) to US energy major ConocoPhillips, the Mexican LNG developer said on 3 August.
Mexico’s Finance Ministry administers capital injection to Pemex
Mexico’s Pemex received a capital injection of almost MXP65bn ($3.82bn) last week from the Finance Ministry.
Venezuela's crude exports reach record levels in July
Venezuela registered a significant boost in oil exports in July, reaching levels not seen in more than three years. This upturn is attributed to new supply contracts and increased shipments by US producer Chevron.
Wood Mackenzie sees Bolivia becoming net gas importer by 2030
Wood Mackenzie has said it expects Bolivia’s natural gas production and exports to decline dramatically enough to transform the country into a net importer by the end of the decade.
Hess COO sees Payara oilfield reaching full capacity in five months
Hess COO Greg Hill expects Payara, the third oil development project at the Stabroek block offshore Guyana, to be yielding 220,000 barrels per day (bpd) of oil within five months of beginning production.
Former Argentinian officials call for more investment in gas pipelines
Former Argentinian government officials say the country must invest more in the President Néstor Kirchner Gas Pipeline to achieve its goal of becoming a leading global supplier of natural gas.
Petrobras CEO says Lula is not interfering with domestic petroleum product pricing
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, has said that the country’s president is not interfering in fuel pricing decisions.
Brazil’s oil and gas production hits new record high in June 2023
Brazil’s hydrocarbon production marked another month-on-month rise in June 2023 and reached the record-high level of 4.324mn barrels of oil equivalent per day.
Dragon deal delayed as Venezuela digs in
Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.
August referenda in Ecuador could shut down oil and gold mining projects
A vote to shut down the 43-ITT block in the Yasuni nature reserve in the Amazon would mean the South American country losing around 12% of its 480,000 barrel per day crude oil output, Reuters reported on August 1.
Maroil reportedly continues exporting petcoke for PdVSA under spot contracts
Venezuela’s PdVSA has taken steps to ensure that petroleum coke exports continue, even though it has yet to conclude ongoing contract negotiations.
Guyana’s Parliament slated to consider Petroleum Activities Bill on August 3
Guyana’s Vice President Bharrat Jagdeo says the latest version of the Petroleum Activities Bill will be presented to Parliament on August 3, 2023.
PdVSA’s Cardon and Amuay refineries resume operations
Venezuela’s PdVSA has seen significant reductions in the lengths of queues forming at its filling stations since the resumption of operations at two major refineries.
Repsol records production of 60,800 bpd in Venezuela in first half of 2023
During the initial six months of the year, oil production in the South American country surged to 60,800 barrels per day, surpassing the 2020 figures of 57,500 bpd, as reported by independent outlet TalCual.
Kuwait interested in investing in Venezuela, CIIP says
Venezuela’s “Centro Internacional de Inversión Productiva” (CIIP) [International Centre for Productive Investment] announced on July 30 that the Government of Kuwait has expressed interest "in investing in the potentialities of Venezuela."
Higher rain levels in Brazil help stave off gas pain in Europe
The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.
EU, Venezuela in talks on methane capture, exports
At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.
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