LatAmOil - Latin America Oil & Gas

Heritage Petroleum reports on tax payments to Port of Spain in FY 2022

Heritage Petroleum Co. Ltd, Trinidad and Tobago’s state-owned oil company, paid TTD4.8bn ($707.61mn) in taxes to the government during Fiscal Year 2022.

Petrobras finalises sale of SIX refinery to F&M Brazil

Petrobras has finalised the sale of Paraná Xisto, the entity formed to hold its shares in Unidade de Industrializacao de Xisto (SIX), a refinery in Paraná State that processes oil shale.

Peru LNG reports exports up in October

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

LatAmOil: Spudding of Wei-1 postponed again

Petrobras heading for change

State-owned Petrobras may change direction somewhat as a result of Brazil’s presidential election.

Spudding of Wei-1 postponed again

Canada’s CGX Energy said on November 1 that it had been forced once again to postpone the spudding of Wei-1, its second exploration well at the Corentyne block offshore Guyana.

ANCAP imports jet fuel from Argentina to prevent shortages in Uruguay during labour strike

Uruguay’s national oil company ANCAP said on October 31 that it had begun importing jet fuel from neighbouring Argentina in order to ensure supplies to international airports despite a workers’ strike.

CNH approves Pemex’s Lakach plan

Mexico’s national oil and gas regulator approved plans for the development of Lakach, a deepwater natural gas field located off the coast of Veracruz state, on October 31.

Venezuela reportedly allowing IOCs that forego debts to quit JVs with PdVSA

Venezuelan authorities are permitting IOCs to exit JVs with PdVSA without any penalties in light of the US sanctions regime, on the condition that they forego payment for past debts and unpaid dividends.

New Fortress Energy set to expand gas business in Mexico under final agreements with CFE

New Fortress Energy (US) will expand its natural gas business in Mexico by finalising three agreements signed earlier this year with CFE, the national power provider.

Finance minister reports Trinidad and Tobago’s oil and gas tax revenues up

Colm Imbert, the finance minister of Trinidad and Tobago, said on October 26 that the government had collected far more tax revenue from the oil and gas industry than projected during Fiscal Year 2022.

Ecuador’s energy minister resigns as charges of corruption circulate

Ecuador’s Energy Minister Xavier Vera resigned from his position last week after the public prosecutor's office conducted a raid on his office, along with two of his residences.

Petrobras, QatarEnergy report sizeable oil find at Sépia field

Brazil’s national oil company Petrobras and its partner QatarEnergy reported on October 31 that they had discovered crude oil in 4-BRSA-1386D-RJS, a well drilled at the Sépia field in the Santos basin.

Hess sees cost of Uaru project topping $10bn

John Rielly, CFO of the US independent Hess, said last week that his company expected the total cost of Uaru, the fifth development project at the Stabroek block offshore Guyana, to exceed $10bn.

LatAmOil: Brazil’s oil and gas output tops 4mn boepd

ExxonMobil’s latest successes at Stabroek

ExxonMobil, which has announced two new discoveries at the Stabroek block, is set to remain at the head of Guyana’s emerging oil sector.

Integra subsidiary acquires 50% stake in Refinor

Argentina’s Hidrocarburos del Norte has acquired a 50% stake in Refinor, the company that operates the Campo Durán oil-processing plant.

Suriname moving forward with port project that will support gas-to-power plan

Suriname is moving forward with plans to build an onshore deepwater port facility that will support a gas-to-power (GTP) project.

OnCorp to build LNG import terminal in north-eastern Brazil

OnCorp, a private Brazilian company, has been named as the winner of a tender for a contract to build an LNG import terminal at the port of Suape in Pernambuco State.

Mexican government’s draft 2023 budget assumes oil price of $65-70 per barrel, Yorio says

Mexico’s Deputy Finance Minister Gabriel Yorio has said that the government's draft budget for next year assumes that world crude oil prices will average $65-70 per barrel.

Petro administration will uphold existing oil and gas contracts, Colombian Energy Ministry says

Colombian President Gustavo Petro, who assumed office in August of this year, intends to uphold existing oil and gas contracts, the country’s Energy Ministry said last week.

Members of Falklands legislature pledge support to plan that includes oil development

Two members of the Falkland Islands Legislative Assembly say they remain committed to the Islands Plan 2022, which includes offshore oil development, despite their own personal distaste for fossil fuels.

Invenergy announces commercial launch of LNG-to-power project in El Salvador

Invenergy (US) has succeeded in working with its joint venture partners to launch commercial operations on an LNG-to-power project focused on the port city of Acajutla in El Salvador.

Wintershall acquires 37% stake in Hokchi block from PAE subsidiary

Wintershall Dea (Germany) has struck an agreement with Hokchi Energy, the Mexican subsidiary of Argentina’s Pan American Energy (PAE), for the acquisition of a 37% share in the Hokchi block.

ANP data show Brazil’s oil and gas output topped 4mn boepd in September

Brazil’s hydrocarbon production hit 4.048mn barrels of oil equivalent per day in September 2022, according to data released last week by ANP.