LatAmOil - Latin America Oil & Gas

Repsol touts “new dynamic” in relationship with PdVSA after Venezuelan crude supplies resume

Spanish energy and petrochemical company Repsol is exploring a “new dynamic” for its business in Venezuela, the company’s CEO Josu Jon Imaz announced last week.

Hess CEO says ExxonMobil has begun FEED work on Uaru project

ExxonMobil (US) has begun front-end engineering and design work for the Uaru oilfield, its fifth development target at the Stabroek block offshore Guyana, according to John Hess, the CEO of Hess.

ANP extends exploration period by nine months for four blocks operated by ExxonMobil

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) said earlier this week that it had agreed to extend the first exploration period of four offshore blocks assigned to ExxonMobil (US).

OPEC members boost July output, agree small uptick

Perenco steps up efforts to collect legal settlement from Ecuador

Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.

Petrobras exec: Brazilian refinery sales attracting more interest the second time around

Brazil’s national oil company Petrobras says foreign investors have been showing more interest in three refineries that were put back on the market for a second time in late June.

Pemex offers to invest heavily in Zama if Talos accepts its terms

Pemex says it is prepared to invest heavily in the development of Zama, a large oilfield offshore Tabasco State, if Talos Energy, the US-based firm that first found it, accepts the Mexican government’s decision to transfer operatorship.

Conviasa connects Caracas to Tehran

Tullow expected to submit Orinduik drilling programme soon

Tullow Oil (UK/Ireland) is reportedly moving closer to submitting its exploration drilling programme for the Orinduik offshore block to the government of Guyana, according to UK-based Eco (Atlantic) Oil & Gas.

Indian government gives BPCL green light to invest $1.6bn more in Brazilian deepwater project

The government of India has authorised Bharat Petroleum Corp. Ltd (BPCL) to invest another $1.6bn in BM-SEAL-11, a deepwater Brazilian oil block.

Petrobras, Ecopetrol find gas at Uchuva-1

Brazil’s national oil company Petrobras and its Colombian counterpart Ecopetrol have discovered natural gas in Uchuva-1, an exploration well drilled at the Tayrona block offshore Colombia.

LatAmOil: ExxonMobil makes two new finds at Stabroek

US-based ExxonMobil has made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.

Should Brazil copy Nigeria?

The head of Nigeria’s NNPC Ltd is touting his company’s plans to distance itself from government policy on domestic petroleum product pricing, while Petrobras continues to set fuel prices and incur the state’s wrath.

Tenaris wins Búzios contract from Petrobras

Brazil’s national oil company Petrobras has awarded a four-year contract to Luxembourg’s Tenaris for the provision of products and services that will be used for the Búzios deepwater project.

Guyana’s oil revenues likely to top $1bn this year, Rystad Energy says

Research by Rystad Energy indicates that Guyana’s oil revenues are likely to exceed the $1bn mark this year and could surge to $7.5bn per year by 2030.

Echo Energy Plc says gas-fired generators secured for three fields in southern Argentina

AIM-listed Echo Energy and Argentina's Roch have signed a long-term contract for the provision of gas-fired generators that will be used at their fields in the Austral basin.

ExxonMobil makes two new finds at Stabroek

US-based ExxonMobil said on July 26 that it had made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.

Sempra Infrastructure, CFE sign agreements on major gas projects

US-based Sempra Infrastructure has signed a package of new agreements with the Federal Energy Commission (CFE), Mexico’s national power provider, to advance co-operation on several major natural gas projects.

Guyanese minister touts Yellowtail permit’s capping stack requirement

Guyana is on track to become the only hydrocarbon-producing country in the region to have a capping stack available within, according to Minister of Natural Resources Vickram Bharrat.

Bolsonaro, Sachsida seek to quell concerns over high diesel prices

Brazil’s President Jair Bolsonaro and Minister of Mines and Energy Adolfo Sachsida have sought to assuage concerns about high diesel costs, saying that the government is working to increase supplies.

EIG, Fluxys complete acquisition of majority stake in Chilean LNG terminal

EIG Energy Partners (US) and Fluxys (Belgium) have completed the acquisition of an 80% stake in GNL Quintero, a Chilean LNG import terminal.

CDGN joins Tradener and GasBridge in buying gas directly from Bolivia

CDGN, a subsidiary of Brazil’s MDC Group, has become the third privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.

CGX, Frontera reach financing deal for Wei-1 exploration well

Canada’s CGX Energy and its parent company Frontera Energy have struck an agreement with each other on financing arrangements for Wei-1, their next exploration well at the Corentyne block offshore Guyana.

DeNovo begins producing gas from Zandolie field with fully renewable-powered platform

DeNovo Energy Ltd of Trinidad and Tobago has begun extracting natural gas from a renewable energy-powered platform, the first of its kind, off the western coast of the island of Trinidad.

Asphalt shipments to Latin American markets reported down in H1-2022

Waterborne asphalt deliveries to Latin American buyers slipped by 13% to 320,400 tonnes in the first half of 2022, a significant drop from the figure of 367,800 tonnes reported during the same period of last year.