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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Progress at Stabroek
Guyana's government has given ExxonMobil green light for Uaru development project.
Chevron looking to increase Venezuelan oil output to 150,000 bpd this year
Chevron CEO Mike Wirth says his company is looking to increase oil output in Venezuela this year by 50% on the current level of about 100,000 bpd.
Jagdeo says demand for Guyana’s LPG is keen in other parts of the region
Guyana’s Vice President Bharrat Jagdeo has confirmed that demand for excess NGLs from his country’s gas-to-energy initiative is high throughout the region.
YPF hopes to resume oil exports to Chile via OTASA pipeline in June
Argentina’s YPF is set to begin exporting crude oil to Chile in June after a 17-year hiatus.
Cuba importing more Russian, Mexican oil
Cuba is becoming increasingly reliant on oil imported from Russia and Mexico as Venezuelan supplies dwindle.
Head of Shell Brazil criticises oil export tax
Shell (UK) has expressed concern over the temporary oil export tax imposed in March by Brazil’s government, saying that the measure could make the country less attractive to investors.
Petrobras delays launch of three FPSOs pending development of new energy strategy
Petrobras has delayed the start-up of three floating production, storage and off-loading (FPSO) vessels pending the development of its new energy strategy.
ExxonMobil rep says company is not leaving Brazil despite exploration failures
ExxonMobil has dismissed reports that it is preparing for an exit from Brazil, saying it remains committed to the country despite the failure of several high-profile exploration projects.
Ecopetrol share prices drop after CEO says he will not push for new exploration permits
Ecopetrol's share price hit a new low last week after new CEO Ricardo Roa indicated he would not push Colombia's government to issue new oil and gas exploration contracts.
Argentina’s IEASA importing more LNG this year
Argentina’s state-owned Integración Energética SA (IEASA) has arranged to import more LNG cargoes this year than in 2022 because of the fall in LNG prices.
ExxonMobil moving ahead with development drilling at Yellowtail
ExxonMobil is currently using the Stena DrillMax drillship to sink a new development well at the Yellowtail oilfield offshore Guyana.
Knock-on effects of Brazil’s gas reforms
Disagreements between Brazilian producers and consumers over gas composition standards highlight unexpected costs of eliminating Petrobras’ monopoly status.
Challenger identifies three prospects offshore Uruguay
Challenger Energy has identified three high-potential prospects in AREA OFF-1 offshore Uruguay and says the block may hold up to 1-2bn boe.
Wintershall Dea reports major oil find at Kan prospect in Mexico’s Block 30
Germany’s Wintershall Dea has made a major oil find in the Kan exploration prospect at Block 30 in Mexico’s Sureste basin.
Biden administration dismisses Colombian president’s call for Venezuelan sanctions relief
The US government has doubled down on its decision to keep economic sanctions against Venezuela in place, despite calls from several Latin American leaders to loosen trade restrictions.
YPF outlines plans to invest $6-7bn in midstream projects to boost oil exports
Argentina’s YPF will invest $6-7bn in midstream projects to boost crude oil exports from the Vaca Muerta shale play.
ExxonMobil makes new find at Stabroek
ExxonMobil has made a new find at Lancetfish, a field within the Stabroek block offshore Guyana.
Petrobras joins forces with Shell, SENAI CIMATEC to build lab complex
Brazil’s Petrobras has entered into a partnership with Shell (UK) and the Centre for Integrated Manufacturing and Technology (SENAI CIMATEC), a technology incubator in Salvador.
Guyana turns down India’s request for discounted crude oil supplies
Guyana’s Vice President Bharrat Jagdeo says his country rejected India’s request for a discount on crude oil purchases during recent trade discussions.
EEPGL says fourth Stabroek FPSO will be fitted with larger amount of locally fabricated steel
ExxonMobil expects to use 200 tonnes of locally fabricated steel for its fourth floating production, storage and off-loading (FPSO) vessel in Guyana.
EIA says Mexico’s oil production has stabilised at 1.9mn bpd
Mexico’s oil production has stabilised since 2019 after 20 years of decline, the US Energy Information Administration (EIA) said in a note last week.
CNH authorises Eni to drill Tlazotli-1EXP well
Eni has secured authorisation from Mexico’s CNH for the drilling of the Tlazotli-1EXP exploration well in the Cuenca Salina section of the Sureste basin.
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