LatAmOil - Latin America Oil & Gas
Brazil’s diesel market hit by uncertainty as Russia halts oil products exports
Brazil’s diesel importers are being hit by uncertainty after Russia suspended exports of diesel and gasoline as it tries to stabilise domestic fuel prices and reduce supply shortages, Platts reported on September 22.
Brazil’s ethanol sales at the pump up in August, continue recovery trend
With drivers in Brazil turning to a more stable, domestic fuel, sales of hydrous ethanol at gas stations increased by nearly 11% in August, year on year. Biofuel consumption recovered in all of Brazil’s five main regions.
Equinor submits plans to develop gas fields in Brazil's Campos Basin
Norwegian oil-and-gas company Equinor, in collaboration with Repsol Sinopec Brasil and Petrobras, has submitted declarations of commerciality and development plans for two gas fields within the BM-C-33 concession in the Campos Basin.
Petroperu reports fire at New Talara refinery’s FCC unit
Peru’s national oil company, Petroperu, reported that a fire broke out at the fluidised catalytic cracking unit of the New Talara refinery. In a September 22 statement, Petroperu described the fire as minor.
Mexico’s gasoline imports hit a 17-month low in July
Mexico’s gasoline imports fell in July, year on year, and hit a 17-month low, according to the ministry of energy. Pemex, the state-owned energy major, was the main buyer of gasoline entering the country.
Guyana welcomes bids to market crude oil from three FPSOs
Hoping to strengthen its foothold in the global oil market, Guyana has invited companies to submit bids to market the country’s share of profit oil from three FPSOs working the Stabroek Block.
NGC provides for Shell to send part of its gas production from Manatee to domestic market
Shell (UK) has agreed to deliver a portion of future output from Manatee, an offshore natural gas field, to Trinidad and Tobago’s domestic market.
Mexico closes in on inauguration of first floating LNG facility
Mexico’s first floating LNG (FLNG) terminal is set to move one step closer to beginning commercial operations, with the final key infrastructure piece needed for the plant to start production slated to leave from a Texas shipyard this week.
Guyana VP says oil-blocks auction will proceed despite Venezuelan opposition
Guyana Vice President Dr. Bharrat Jagdeo confirmed that the ongoing auction for 14 offshore oil blocks will proceed as planned despite Venezuelan opposition to the bidding process.
Iran eyes stronger presence in Latin American petrochemical markets
The Iranian petrochemical industry is actively pursuing a stronger presence in Latin America, primarily by offering technical services to Brazil and Venezuela.
Venezuelan criticism of Guyana's offshore-rights auction sparks border dispute
Venezuela has rebuked Guyana's recent offshore-oil bidding round, saying that companies vying for up to eight blocks – a group that includes ExxonMobil and TotalEnergies – lack the rights to explore these disputed maritime areas.
Venezuela and Trinidad and Tobago sign agreement for joint hydrocarbons development
An accord signed between Venezuela and Trinidad and Tobago will soon enable the two countries to distribute gas from the Dragon field project in Venezuelan waters globally, according to President Nicolas Maduro.
Venezuelan oil company PDVSA loses legal battle over $348mn defaulted debt
Venezuela's state-run oil enterprise, PDVSA, cannot employ US sanctions as a justification for its failure to meet its obligations on $348mn in defaulted debt, a federal appeals court in New York has ruled.
Costa Ricans face more fuel-price hikes in October
Costa Rica's Refinadora Costarricense de Petroleo (Recope) has confirmed a fresh round of fuel-price increases. It's not only motorists feeling the strain; households that rely on cooking gas will also be affected.
Panama Canal's drought-induced restrictions make EU more attractive destination for LNG cargoes
Continuing disruptions in the Panama Canal – a critical conduit for US shipments to Asia – are influencing the flow of LNG deliveries to Europe and encouraging the utilisation of floating storage.
Guyana closes bidding phase of first offshore licensing round
Guyana has received more than a dozen bids from large and small companies for eight of the 14 offshore blocks included in its first competitive licensing round.
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