LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.

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Guyana goes public with new model contracts

23 March 2023

Guyana's Ministry of Natural Resources releases new model contracts for offshore blocks.

Maduro appoints new petroleum minister

23 March 2023

Venezuelan President Nicolas Maduro revealed on March 21 that he had appointed Pedro Rafael Tellechea, the head of PdVSA, to serve as the country’s new petroleum minister.

Brazilian gas distributors introduce new captive consumer tariff

23 March 2023

Brazil’s domestic natural gas distributors have introduced a new captive consumer distribution tariff.

EPA dismisses critics’ demand for “unlimited insurance” against oil spills at Stabroek

22 March 2023

Guyana’s Environmental Protection Agency (EPA) has dismissed critics’ demands for “unlimited” insurance coverage against oil spills at the Stabroek block.

UK court says Serious Fraud Office may seize funds from former Petrobras employee’s account

22 March 2023

A London court has ruled that the UK government’s Serious Fraud Office (SFO) may seize nearly $8mn in illicit cash linked to a wide-ranging corruption scandal involving Brazil’s Petrobras.

Hess CEO: New exploration well to be spudded at Block 42 offshore Suriname later this year

21 March 2023

Hess Corp. has said that a new exploration well will be spudded at Block 42 offshore Suriname later this year.

Brazil’s National Council for Energy Policy will draft bill to stimulate gas sector

21 March 2023

The Brazilian government’s National Council for Energy Policy (CNPE) intends to draw up a bill for the purpose of raising domestic gas production.

Peru LNG exports five cargoes in February

21 March 2023

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes rise slightly month on month in February 2023.

BW Energy resumes process of acquiring Petrobras’ stakes in Camarupim, Golfinho clusters

21 March 2023

Norway's BW Energy is resuming the process of acquiring Petrobras’ stakes in the Golfinho and Camarupim deepwater oilfields and is also buying the FPSO used to develop the sites from Italy’s Saipem.

Eni strikes oil at Yatzil field in Block 7

21 March 2023

Eni (Italy) has found oil at Yatzil, a prospect within Block 7, a licence area in the Cuenca Salina section of the Sureste basin offshore Mexico’s Tabasco State.

Biomass power generation exceeds natural gas in Brazil

19 March 2023

According to a report by Brazil’s Union of the Sugarcane and Bioenergy Industry (UNICA), in 2022, electricity production from various biomasses exceeded that from natural gas.

Jagdeo comments on Guyana’s plans for developing offshore gas reserves

16 March 2023

Guyana’s Vice President Bharrat Jagdeo sees his country's untapped natural gas reserves as the next priority for development now that efforts to exploit offshore oilfields are underway.

CAF to lend funds to cover $540mn of new gas pipeline’s cost in Argentina

16 March 2023

Argentina has secured an $840mn loan from the Development Bank of Latin America (CAF) for the funding of multiple projects, including the construction of the President Néstor Kirchner Gas Pipeline (PNKG).

T&T preparing for more talks on Dragon

16 March 2023

As T&T hopes for a quick deal that might launch the Dragon gas field in two years, other observers say more time is needed to launch development.

Pemex CEO says company is exploring options for repayments of debts in 2023-2024

15 March 2023

Mexico’s Pemex is currently exploring options for repaying its heavy load of debts that are due to mature in 2023 and 2024, according to the firm’s CEO.

Hess CEO does not expect Guyana’s relinquishment demands to affect development work at Stabroek

15 March 2023

US-based Hess Corp. does not expect Guyana’s demand that ExxonMobil (US) relinquish 20% of the offshore Stabroek block to affect development operations.

Petrobras CEO meets Colombian energy minister to discuss bilateral co-operation

15 March 2023

Brazil’s Petrobras said its CEO Jean Paul Prates met with Colombia’s Minister of Mines and Energy Irene Vélez Torres at the CERAWeek conference in Houston on March 9.

Ecopetrol dismisses proposal for re-opening gas pipeline to Venezuela

15 March 2023

Felipe Bayon, the CEO of Colombia’s Ecopetrol, has dismissed proposals for re-opening and reversing the flow of a dormant cross-border natural gas pipeline to Venezuela.

YPF, Petronas hope to make FID on Argentina GNL project next year

15 March 2023

Argentina’s YPF and Malaysia's Petronas expect to make a final investment decision on a natural gas and LNG project in 2024.

Petrobras gears up for Equatorial Margin exploration campaign, Rystad Energy notes

15 March 2023

Brazil's Petrobras aims to replicate Guyana’s success at the Stabroek block by unlocking its Equatorial Margin with an exploration campaign beginning this year, says Rystad Energy.

Five European majors file injunction against Brazilian government’s new oil export tax

14 March 2023

Five European majors have raised objections to the Brazilian government’s decision to impose a temporary tax on oil exports, filing an injunction in a bid to halt the policy change.

Guyana mulls another bidding round

14 March 2023

Guyana’s Vice President Bharrat Jagdeo revealed last week that his country might carry out another offshore licensing round as early as next year.

Pemex seeks to overhaul ESG policy as it hunts for additional financing

9 March 2023

Pemex is looking to overhaul its existing ESG policies as it seeks financing from major international banks.

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