LatAmOil - Latin America Oil & Gas

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Oil & Gas

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

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Overview

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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Hess COO sees Payara oilfield reaching full capacity in five months

3 August 2023

Hess COO Greg Hill expects Payara, the third oil development project at the Stabroek block offshore Guyana, to be yielding 220,000 barrels per day (bpd) of oil within five months of beginning production.

Former Argentinian officials call for more investment in gas pipelines

3 August 2023

Former Argentinian government officials say the country must invest more in the President Néstor Kirchner Gas Pipeline to achieve its goal of becoming a leading global supplier of natural gas.

Petrobras CEO says Lula is not interfering with domestic petroleum product pricing

3 August 2023

Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, has said that the country’s president is not interfering in fuel pricing decisions.

Brazil’s oil and gas production hits new record high in June 2023

3 August 2023

Brazil’s hydrocarbon production marked another month-on-month rise in June 2023 and reached the record-high level of 4.324mn barrels of oil equivalent per day.

Dragon deal delayed as Venezuela digs in

3 August 2023

Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.

August referenda in Ecuador could shut down oil and gold mining projects

2 August 2023

A vote to shut down the 43-ITT block in the Yasuni nature reserve in the Amazon would mean the South American country losing around 12% of its 480,000 barrel per day crude oil output, Reuters reported on August 1.

Maroil reportedly continues exporting petcoke for PdVSA under spot contracts

1 August 2023

Venezuela’s PdVSA has taken steps to ensure that petroleum coke exports continue, even though it has yet to conclude ongoing contract negotiations.

Guyana’s Parliament slated to consider Petroleum Activities Bill on August 3

1 August 2023

Guyana’s Vice President Bharrat Jagdeo says the latest version of the Petroleum Activities Bill will be presented to Parliament on August 3, 2023.

PdVSA’s Cardon and Amuay refineries resume operations

1 August 2023

Venezuela’s PdVSA has seen significant reductions in the lengths of queues forming at its filling stations since the resumption of operations at two major refineries.

Repsol records production of 60,800 bpd in Venezuela in first half of 2023

31 July 2023

During the initial six months of the year, oil production in the South American country surged to 60,800 barrels per day, surpassing the 2020 figures of 57,500 bpd, as reported by independent outlet TalCual.

Kuwait interested in investing in Venezuela, CIIP says

31 July 2023

Venezuela’s “Centro Internacional de Inversión Productiva” (CIIP) [International Centre for Productive Investment] announced on July 30 that the Government of Kuwait has expressed interest "in investing in the potentialities of Venezuela."

Higher rain levels in Brazil help stave off gas pain in Europe

27 July 2023

The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.

EU, Venezuela in talks on methane capture, exports

27 July 2023

At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.

Argentina says it turned away Russian-produced LNG because of sanctions

26 July 2023

Buenos Aires has cited sanctions against Moscow as the reason for a state-owned company’s decision to refuse delivery of a cargo of Russian-produced LNG last week.

Jagdeo: Guyana’s government not planning to take action against ExxonMobil contractor

26 July 2023

Guyana’s government will take no legal action against a local company that serves as a contractor for US-based ExxonMobil.

Vallourec to supply line pipe for two sections of Búzios oilfield

26 July 2023

France’s Vallourec has secured two major contracts for equipment that will be used to support the sixth and eighth phases of development work at Brazil's Búzios oilfield.

US fuel supply company signs five-year deal on asphalt production at Curaçao’s Isla refinery

26 July 2023

Global Oil Management Group (GOMG), owned by Harry Sargeant III, an energy and shipping magnate from Florida, has made arrangements to use the Isla refinery on Curaçao to produce and export asphalt.

Peru’s environment minister accuses Repsol of not paying fines for January 2022 oil spill

25 July 2023

Peru’s Environment Minister Albina Ruiz has accused Spain’s Repsol of only paying a small portion of the fines related to an oil spill that occurred on January 15, 2022.

PdVSA signs two new petcoke export contracts

25 July 2023

Venezuela’s national oil company PdVSA has signed two new contracts for the export of petroleum coke following the suspension of its agreement with Geneva-based Maroil Trading.

Petroecuador reports oil spill at Balao terminal

25 July 2023

Ecuadorean authorities have confirmed that an oil spill occurred last week at the Balao marine terminal owned by Petroecuador in the port of Esmeraldas.

EU mulls importing gas from Argentina

20 July 2023

The EU is looking at potentially buying natural gas from Argentina in the future, in anticipation of the South American country’s planned expansion in domestic production that is expected to transform it from a net gas importer to exporter.

Mexico Pacific, CFE establish alliance to ensure gas deliveries to Saguaro LNG

20 July 2023

Houston-based Mexico Pacific Ltd has struck a long-term deal on gas deliveries with CFE, Mexico’s national electricity provider.

China seen importing more Brazilian crude in Q3 2023

20 July 2023

Sinopec and other major Chinese refinery operators are on track to increase their imports of Brazilian crude oil by more than 35% in Q3 2023.

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