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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Trinidad and Tobago launches onshore, coastal bidding round
Trinidad and Tobago’s Ministry of Energy and Energy Industries announced this week that it had launched a new licensing round that covers 11 onshore and coastal blocks.
Petrobras confirms oil discovery in wildcat 1-BRSA-1383A-RJS well
Petrobras, Brazil’s national oil company, has confirmed its discovery of crude oil in a wildcat well drilled within the pre-salt zone of the southern Campos basin.
Marubeni, Osaka Gas, Peru LNG plan feasibility study for synthetic methane production
Two Japanese companies, Marubeni and Osaka Gas, have announced plans to team up with Peru LNG for a study of synthetic methane production in Peru.
Colombia’s Council of State says law permitting unconventional exploration will stand
Colombia’s highest administrative court will not proceed with a lawsuit that aims to overturn government regulations permitting the development of unconventional oil and gas reserves.
Tullow says Beebei-Potaro-1 exploration well at Kanuku will be completed in Q3-2022
Tullow Oil (UK/Ireland) said on July 13 that it expected to finish drilling and obtain results from Beebei-Potaro-1, an exploration well now being sunk at the Kanuku block offshore Guyana, in the near future.
TotalEnergies not yet ready to set date for FID on Block 58
TotalEnergies EP, a subsidiary of the French major TotalEnergies, has indicated that it is not yet ready to make a final investment decision on the development of Block 58 offshore Suriname.
LatAmOil: Shell signs 20-year LNG supply deal with MPL
A subsidiary of Shell (UK) has arranged to purchase 2.6mn tonnes per year of LNG from a new gas liquefaction plant slated for construction at Puerto Libertad in Mexico’s Sonora state.
Shell subsidiary signs 20-year LNG supply deal with MPL plant in Sonora State
A subsidiary of Shell (UK) has arranged to purchase 2.6mn tonnes per year of LNG from a new gas liquefaction plant slated for construction at Puerto Libertad in Mexico’s Sonora State.
Olmeca makes its debut
Pemex marks the official launch of Olmeca, Mexico’s newest and largest refinery, which is still running far behind schedule and far over budget.
TGN confirms reports of methane venting from pipelines in May and June
Transportadora de Gas del Norte (TGN), a natural gas transportation and distribution company in northern Argentina, deliberately released about 1mn cubic metres of methane into the atmosphere in May and June.
Petroecuador reportedly lifts force majeure on Oriente crude oil
Ecuador’s national oil company Petroecuador has reportedly lifted its declaration of force majeure on exports of Oriente crude, its main export grade, as of earlier this week.
ExxonMobil rep says Gas-to-Energy project will help Guyana keep emissions down
The head of a unit of US-based ExxonMobil has said that the Gas-to-Energy (GTE) project now underway in Guyana will play a major role in reducing the South American state’s greenhouse (GHG) gas emissions.
Economists: Higher oil production set to drive Venezuela’s GDP upward by 8.3% this year
Venezuela’s GDP is expected to achieve its fastest rate of growth in the last 15 years in 2022, largely as a result of rising crude oil production, economists told Bloomberg last week.
ANP data show gas flaring up in May
Brazil’s natural and associated gas flaring rose in May of this year, both in comparison to the previous month and in comparison to May 2021.
Pemex data show oil exports to North America rose significantly in May
Mexico’s national oil company Pemex has reported that oil exports to North America increased substantially in May of this year, both in comparison to the previous month and in comparison to May 2021.
Peru LNG reports export volumes down in June
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes decline month on month in June.
Barkindo: Downstream factors play a key role in oil price volatility
Mohammad Sanusi Barkindo, the late secretary-general of OPEC, said hours before his death that constraints in the downstream sector were making a bigger contribution to the volatility of oil prices than most observers realise.
OPEC secretary-general dies in Abuja
Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.
LatAmOil: Pemex formally launches Olmeca refinery
Mexico’s national oil company Pemex held a ceremony marking the official opening of the Olmeca refinery on July 1.
Unexpected outage forces PdVSA to suspend gasoline production at Cardon refinery
Venezuela’s national oil company PdVSA has halted gasoline production at its second-largest refinery because of unexpected maintenance problems.
Pemex signs LoI with NFE on Lakach deepwater gas project
Pemex is set to resume work on the Lakach natural gas field after a hiatus of more than six years under a letter of intent (LoI) signed with its US-based partner New Fortress Energy (NFE).
Petrobras prepares to receive first Guyanese oil cargo
Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.
ANCAP awards three blocks offshore Uruguay to Shell and APA
Uruguay’s national oil company ANCAP said last week that Shell (UK) and APA (US) had won licences for three of the six blocks included in its most recent bidding round.
Guyana ready to proceed with GTP project
Guyana’s government has indicated that it is ready to proceed with a gas-to-power (GTP) project that will provide the country with a new source of energy.
Ecuador’s government strikes deal with CONAIE on fuel prices in order to end protests
Ecuador's government has struck a deal with CONAIE, one of the leading organisations representing the country’s indigenous communities, on bringing an end to nationwide protests over fuel prices and other issues.
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