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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Events in Argentina raise doubts about Vaca Muerta’s prospects

21 August 2019

Recent developments in Argentina may force a downward revision in production forecasts for the Vaca Muerta shale basin.

Shell gets green light for 3-D seismic work at Santos Basin blocks

21 August 2019

Brazil’s Ministry of the Environment has given Royal Dutch/Shell a green light to proceed with a seismic survey of two adjacent offshore blocks known as BM-S-54 and Sul de Gato do Mato.

Argentina freezes fuel prices, shrugging off oil companies’ concerns

21 August 2019

Argentina’s government has announced a 90-day freeze on motor fuel prices, and the new policy could spell trouble for upstream operators.

Guyana urged to bring multiple investors on board for offshore oil projects

20 August 2019

Britain’s High Commissioner to Guyana has encouraged Georgetown to work with as many investors as possible with respect to the development of its offshore hydrocarbon resources.

CNPC subsidiaries cancel plan to load Venezuelan crude

20 August 2019

Two CNPC subsidiaries have dropped plans to import several cargoes of Venezuelan oil in light of the US government’s new sanctions on Caracas.

Suriname hopes bond sale will generate funds for offshore exploration

19 August 2019

The national oil company (NOC) of Suriname hopes to raise money for offshore exploration projects with a bond sale in 2020.

Japan’s MODEC sells bonds to refinance FPSO now working offshore Brazil

19 August 2019

Japan’s MODEC has issued project bonds on international capital markets to raise the money needed to refinance an FPSO chartered for work in the pre-salt zone offshore Brazil.

Petrobras moves ahead with divestment programme

14 August 2019

Petrobras' plans to sell off some of its upstream assets play into a wider campaign to reorient the company's portfolio.

Cuba prepares to battle ExxonMobil in US federal court

14 August 2019

Cuba’s government has indicated that it intends to contest a lawsuit filed earlier this year by the US super-major ExxonMobil.

Gran Tierra reports oil find at Colombia’s Acordionero field

13 August 2019

Calgary-based Gran Tierra Energy said last week that it had found crude oil in a well drilled at the Acordionero field in Colombia.

PdVSA-CNPC venture launches expansion project

13 August 2019

Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), is taking steps to raise output levels significantly.

Tullow reports larger-than-expected oil find offshore Guyana

13 August 2019

UK-listed Tullow Oil has found crude oil – and in larger quantities than anticipated – in its first exploration well at the Orinduik block offshore Guyana.

Vista Oil & Gas sees Vaca Muerta giving a lift to production

13 August 2019

Mexico’s Vista Oil & Gas has high hopes for its operations in Argentina. Miguel Galuccio, the company’s CEO, told investors last week that wells in the Vaca Muerta shale formation had pushed Vista’s production up in Q2-2019.

Chile’s Codelco sells Mejillones LNG stake

8 August 2019

Chile’s state-owned mining firm Codelco has sold its stake in the Mejillones LNG terminal to Ameris Capital AGF, a local investment fund.

Brazil has high hopes for next offshore licensing rounds

8 August 2019

Felipe Kury, the head of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), believes that his country has a lot riding on the success of its next offshore licensing rounds.

Repsol appoints Peterson as main logistics contractor for drilling offshore Guyana

7 August 2019

Peterson, a UK-based provider of energy and logistics services, will serve as Repsol's main logistics contractor during the drilling of the Carapa-1 exploration well.

US court upholds legitimacy of Citgo’s ad hoc board

7 August 2019

A US court has issued a ruling upholding Venezuelan Interim President Juan Guaido’s right to appoint an ad hoc board at Citgo, a Houston-based downstream subsidiary of PdVSA.

Mexico likely to withdraw money from oil fund to cover budget shortfall

7 August 2019

Mexico is reportedly mulling a proposal to use more than 40% of the money in its sovereign wealth fund to compensate for lower budget revenues this year.

Argentina’s energy secretary touts economic benefits of new gas pipeline

7 August 2019

Argentina’s Energy Secretary Gustavo Lopetegui said last week that the country was set to reap enormous benefits from the construction of a new natural gas pipeline linking the Vaca Muerta shale formation to Buenos Aires.

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