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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GlobalData has drawn up an estimate of Suriname’s potential earnings from Maka Central, a field within the offshore Block 58 where Apache and Total have found crude oil and gas condensate.
Argentina’s oil and gas industry is already feeling the impact of the wide-ranging quarantine measures that the government imposed last week, according to the national oil company (NOC) YPF.
New York-listed Sempra Energy has delayed its final investment decision (FID) on the construction of an LNG export facility in Baja California, Mexico, and may do the same for a separate project in Texas.
Mexico’s national oil company (NOC) Pemex is reportedly planning to reduce its administrative expenses and contracts this year in order to help deal with the impact of falling crude oil prices.
Brazil’s state-controlled oil and gas company Petrobras has asked to draw $8bn from its revolving credit lines.
PdVSA has lost control of the BOPEC oil terminal in Bonaire to Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant.
The fall in crude oil prices could force Brazil to scale back oil and gas exploration budgets by $300-600mn this year.
Argentina’s national oil company (NOC) YPF has said it will gradually suspend activities that are not critical to its business, as it takes emergency measures in response to the global coronavirus pandemic.
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Golar Power is expanding its footprint in Brazil’s LNG industry, and has signed a “protocol of intentions” with the government of Pernambuco State to develop an LNG import terminal in the Port of Suape.
The plunge in crude oil prices has different implications for new oil producer Guyana and established oil producer Venezuela
Mexico’s Finance Minister Arturo Herrera has said that the government does not intend to resume auctions for joint venture projects with the national oil company (NOC) Pemex.
The International Monetary Fund (IMF) has been in talks with Ecuador to try to help the Latin American country navigate the significant drop in oil prices caused by the global coronavirus outbreak.
Africa and Latin America-focused Tullow Oil has taken steps to guard against fluctuations in oil prices but still faces risks in the long term.
Roberto Castello Branco, the CEO of Petrobras, has said he expects the plunge in world crude prices to affect his company’s finances this year.
Indigenous leaders from Peru have filed a complaint with the Organisation for Economic Co-operation and Development (OECD) about Pluspetrol’s operations in the area of the Amazon River.
The Brazilian state-run oil and gas company Petrobras has reached a new output record at the Búzios oilfield.
Bank of America Merrill Lynch has scaled back its forecast for economic growth in Latin America in light of the recent drop in crude oil prices.
Mexico’s government does not expect to lose any budget revenues as a result of the downturn in world crude markets, and Finance Minister Arturo Herrera attributes this success to the country’s annual oil-hedging programme.
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes rise year on year in February.
The downturn in world crude markets has raised questions about Argentina’s plans for developing Vaca Muerta fields and restructuring its debts.
Brazil’s national oil company (NOC) Petrobras said last week that it had successfully amended an existing natural gas supply contract with its Bolivian counterpart YPFB.
Finland’s Wärtsilä has teamed up with Guyana’s national electricity provider to work on a gas-to-power project.