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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CGX, Frontera report new discovery at Wei-1
Canada’s CGX Energy and its joint venture partner Frontera Energy have discovered additional hydrocarbons in Wei-1 well, the second exploration well drill at the Corentyne block offshore Guyana.
Bolivian gas exports to Argentina down more than 50% y/y in May
Bolivian natural gas deliveries to Argentina were down by more than 50% year on year in May, according to official data.
Warm weather could leave Argentina with surplus of LNG this winter
Argentina is facing a potential surplus of LNG due to an unusually warm winter in the Southern Hemisphere.
Prates says Petrobras is gearing up to resume work on UFN-III plant
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, says his company will resume work soon on a large-scale nitrogen fertiliser plant in Tres Lagoas.
Ocean Point, NFE begin carrying out STS LNG transfers at St. Croix docking facilities
New Fortress Energy (NFE) and Ocean Point Terminals have begun carrying out ship-to-ship (STS) transfers of LNG operations at the latter company’s docking facilities in St. Croix.
ExxonMobil’s next steps in Guyana
ExxonMobil appears to be more interested in making a thorough study of Stabroek than in bidding for new offshore assets.
Venezuela selects three projects to promote gas development, report says
Venezuela is looking to accelerate development of the country’s natural gas industry and has identified three projects as the best means of achieving this goal.
Woodside makes FID on ultra-deepwater Trion project
Australia’s Woodside Energy has taken a final investment decision to proceed with development of Trion, an ultra-deepwater field located off the coast of the Mexican state of Tamaulipas.
Argentina launches President Nestor Kirchner Gas Pipeline
Argentina hit a milestone on June 20 as it began loading natural gas into a new pipeline built to handle production from the Vaca Muerta shale formation.
Colombia’s finance minister says no immediate halt to oil, coal exports
Colombia’s Finance Minister Ricardo Bonilla says the country will continue extracting fossil fuels for an extended period of time, until it could establish reliable alternative sources of revenue.
Bank analysts more upbeat on Petrobras share price projections as Lula clarifies policy agenda
Several major global banks have upgraded share price projections for Brazil’s Petrobras after concluding that the Lula administration is not likely to alienate investors as much as some observers feared.
Uruguay outlines green hydrogen ambitions
Uruguayan President Luis Lacalle Pou says his government intended to invest a total of $4bn in renewable energy and green hydrogen projects.
Pemex reports petroleum product imports down in April
Mexico’s national oil company Pemex saw imports of petroleum products – including gasoline, diesel and jet fuel – decline in April.
Petroperu negotiating with new oil suppliers for Talara refinery
Peru’s national oil company Petroperu is negotiating with crude producers in the Americas and Asia on new crude supply contracts for the Talara refinery.
YPFB identifies Vitiacua as gas exploration target
Bolivia’s YPFB has identified a significant exploration opportunity in the Vitiacua region of the country, which may hold as much as 2 trillion cubic feet (56.6bn cubic metres) of natural gas.
China’s Bomesc to provide topsides integration services for FPSO Errea Wittu
Bomesc Offshore Engineering, a Chinese marine engineering equipment supplier, has agreed to provide topsides integration services for the Errea Wittu, the FPSO vessel that will support the Uaru development project offshore Guyana.
Lindsayca/CH4 JV begins drawing up vendor and supplier list for GTE project
The US-based Lindsayca/CH4 (LNDCH4) joint venture has officially launched the initial phase of its vendor and supplier identification process for Guyana’s GTE project.
Equinor exec says company hopes to boost Brazilian output more than five-fold in next 10 years
Norway’s Equinor is looking to boost its output in Brazil significantly over the next 10 years and will also focus on green energy initiatives, particularly offshore wind power, in that country.
Pemex reveals additional details of Zama development plan
Mexico’s national oil company Pemex has made additional details of its plan for development of the Zama oilfield available to the public.
Iran, Venezuela sign petrochemical deal
Iran and Venezuela signed a memorandum of understanding on Monday to increase co-operation in the petrochemical sector, improving an already close relationship in oil.
Trinidad to restart idled Atlantic LNG unit by 2027
Trinidad and Tobago has revealed it plans to restart Atlantic LNG’s idled liquefaction train one. Latin America’s top LNG exporter hopes to have the unit restarted by the end of the first quarter of 2027, Reuters reported on June 7.
ICC arbitrators rule in favour of Ecopetrol’s Reficar subsidiary in case against CB&I
A subsidiary of Colombia’s Ecopetrol will receive a settlement of over $1bn, as the ICC has ruled in its favour in an arbitration case against a contractor.
Young reaffirms T&T’s commitment to oil and gas
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has responded to criticism of fossil fuels by reaffirming support for continued development of hydrocarbon resources.
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