LatAmOil - Latin America Oil & Gas
Venezuela could help achieve global gas stability if sanctions are removed, oil minister says
Venezuela's Minister of Oil, Rafael Tellechea, claimed that the nation stands ready to ensure stability in global gas trade if “extraterritorial economic sanctions” are lifted.
Petrobras aims to install 11 new FPSOs by 2027 in pre-salt layer
Pemex gets billions for debt payment in Mexico draft budget
The Mexican government’s draft budget for next year includes a capital allocation to state-owned energy major Pemex to pay maturing debts that have surpassed $11bn, according to people familiar with the matter, Energiesnet reported on September 4.
Petrobras makes its first purchase of carbon credits
Mexico’s Pemex starts up Dos Bocas refinery
Dragon talks likely to keep dragging on
Shell and NGC may be ready to credit PdVSA’s past outlays, but Venezuela’s pipeline proposals and the persistence of US sanctions are complicating talks on the Dragon project.
Olmeca refinery has begun production, AMLO says
Mexico’s largest and newest oil-processing plant has begun turning out petroleum products, President Andres Manuel Lopez Obrador announced on September 1.
Venezuela's oil exports experience sharp decline in August
Data from vessel monitoring and internal company documents reviewed by Reuters indicate that the country's oil exports plummeted by a staggering 38% compared to July, when they had reached a three-year high.
VLCCs off Panama coast may offer cheaper Canadian crude shipping route to Asia-Pacific
Very large crude carriers positioned off Panama's Pacific coast could emerge as the cost-effective gateway for transporting Canadian crude to Asia-Pacific destinations as the Trans Mountain Expansion (TMX) project gears up for operation next year.
ExxonMobil Guyana to host talks ahead of Whiptail project launch
ExxonMobil Guyana is set to hold a series of public meetings with local communities about its upcoming Whiptail project, with eight meetings scheduled in coastal locations across Guyana.
Cepsa reportedly seeks buyer for oil wells in Colombia and Peru
Cepsa — a privately held Spanish oil company keen to assume a leadership role in the fields of biofuels and green hydrogen — has initiated the sale of its oil wells in Colombia and Peru.
ExxonMobil begins laying pipelines for Gas-to-Shore project
ExxonMobil has begun laying pipelines for the Gas-to-Energy project aimed at transporting natural gas from the Stabroek Block’s Liza oilfield to an integrated gas processing facility at Wales, West Bank Demerara in Guyana.
Guyana's Stabroek Block hits 12mn barrels in July
Guyana’s Ministry of Natural Resources conducted a data analysis on the performance of the offshore Stabroek Block over the month of July. According to the analysis, projects in the block produced more than 12mn barrels of oil for the month.
Petronas awaits final decision on new Argentinian LNG law
Malaysia’s state-run energy firm Petronas is watching closely developments in Argentina’s Congress of the country’s draft LNG law, which is aimed at giving a jolt to the nation’s LNG sector.
Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
Petrobras delegation to visit Bolivia as it considers new investments
Executives from Brazil’s Petrobras are due to visit Bolivia for meetings with government officials in the coming days. The company has exploratory commitments to be fulfilled if environmental licences are granted.
Peru LNG sees export volumes drop in August due to maintenance
Peru LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes drop slightly more than 36% m/m in August 2023.
Venezuela welcomes first naphtha shipment from Eni and Repsol amid domestic shortages
Repsol seeks Kanuku Block licence renewal, VP of Guyana confirms
The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that Spanish oil company Repsol's licence for the Kanuku Block has expired, adding that the company is seeking a renewal.
LatAmOil: US says Eni, Repsol can make oil-for-debt deals with PdVSA
Suriname and Guyana move to establish Bilateral Chamber of Commerce
The Suriname-Guyana Chamber of Commerce will mark a new stage in cooperation between two countries that are in the process of boosting their oil development by tapping into the Guyana-Suriname Basin, an area with major exploration potential.
Guyana announces unprecedented 14-block oil auction
he Ministry of Natural Resources has put both shallow-water and deepwater blocks up for auction in an attempt to catapult the South American country toward its economic goals by satisfying a growing global demand for high-quality low-carbon barrels.
Mexico’s hydrocarbons regulator greenlights exploratory Nojol-1 well
The CNH, Mexico’s hydrocarbons regulator, has authorised PEP to drill the Nojol-1EXP exploratory well. The objective is to discover a commercially viable accumulation of light oil in fractured carbonate rocks.
Brazil’s oil and gas production hits another record high in July 2023
Brazil’s hydrocarbon production marked yet another month-on-month rise in July 2023 and reached the record-high level of 4.482mn boepd.
Argentina set to replace Bolivian gas with its own shale gas
Argentina has inaugurated a pipeline connecting a massive shale gas deposit in central-western Argentina to consumers in the province of Buenos Aires.
Woodside secures CNH’s approval for Trion FDP
Australia’s Woodside Energy has secured regulatory approval for its plan to develop Trion, an ultra-deepwater site located off the coast of the Mexican state of Tamaulipas.
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