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Oil & Gas

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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Argentina pushes on with LNG plan amid political upheaval

5 September 2019

Argentina’s YPF continues to pursue a plan for a major LNG export project, but political uncertainty in the country will likely slow progress.

Chevron seeking more favourable terms for possible exit from Venezuela

4 September 2019

Chevron is reportedly taking steps to ensure a softer landing in the event that it has to exit Venezuela.

One price freeze leads to another

4 September 2019

Argentina’s Energy Secretariat is seeking to temper the impact of its decision to impose a temporary freeze on crude oil and motor fuel prices.

Eco Atlantic ally optimistic about prospects for additional oil finds offshore Guyana

4 September 2019

Kinley Exploration, a US-based company with close ties to Canada’s Eco Atlantic Oil & Gas, has expressed optimism about the prospects for further oil discoveries offshore Guyana.

Bahamian NOC seen preparing for exploration drilling in 2020

4 September 2019

The national oil company of the Bahamas has reportedly made arrangements to launch an offshore exploration drilling programme next year.

Stabilis considering Monterrey as site for small-scale Mexican LNG plant

29 August 2019

Houston-based Stabilis Energy has said it is considering the Mexican city of Monterrey as a potential site for its first LNG project in the Central American country.

Mexico strikes deal on Sur de Texas-Tuxpan gas pipeline

28 August 2019

Mexico's national power provider CFE has struck a deal with four companies involved in the construction of new gas pipelines.

Head of IGU praises Bolivian government’s gas policy

28 August 2019

The secretary general of the IGU says Bolivia stands to benefit from increased global demand for natural gas.

Mexico apparently hesitating on oil price hedge

28 August 2019

Mexico’s government has not yet executed its oil hedge and may opt out of doing so altogether this year.

Joe-1 well spudded at Orinduik block offshore Guyana

28 August 2019

Tullow Oil and its partners have spudded a new exploration well at the Orinduik block offshore Guyana.

Pluspetrol reins in production at Las Malvinas gas plant

28 August 2019

Argentina’s Pluspetrol has temporarily scaled back production at the Las Malvinas natural gas plant in Peru following the discovery of leaks in a pipe.

Equinor, YPF sign preliminary agreement on offshore block

28 August 2019

Equinor has concluded a preliminary agreement with YPF, Argentina’s national oil company (NOC), on the establishment of a joint venture to explore the CAN 100 block.

Events in Argentina raise doubts about Vaca Muerta’s prospects

21 August 2019

Recent developments in Argentina may force a downward revision in production forecasts for the Vaca Muerta shale basin.

Shell gets green light for 3-D seismic work at Santos Basin blocks

21 August 2019

Brazil’s Ministry of the Environment has given Royal Dutch/Shell a green light to proceed with a seismic survey of two adjacent offshore blocks known as BM-S-54 and Sul de Gato do Mato.

Argentina freezes fuel prices, shrugging off oil companies’ concerns

21 August 2019

Argentina’s government has announced a 90-day freeze on motor fuel prices, and the new policy could spell trouble for upstream operators.

Guyana urged to bring multiple investors on board for offshore oil projects

20 August 2019

Britain’s High Commissioner to Guyana has encouraged Georgetown to work with as many investors as possible with respect to the development of its offshore hydrocarbon resources.

CNPC subsidiaries cancel plan to load Venezuelan crude

20 August 2019

Two CNPC subsidiaries have dropped plans to import several cargoes of Venezuelan oil in light of the US government’s new sanctions on Caracas.

Suriname hopes bond sale will generate funds for offshore exploration

19 August 2019

The national oil company (NOC) of Suriname hopes to raise money for offshore exploration projects with a bond sale in 2020.

Japan’s MODEC sells bonds to refinance FPSO now working offshore Brazil

19 August 2019

Japan’s MODEC has issued project bonds on international capital markets to raise the money needed to refinance an FPSO chartered for work in the pre-salt zone offshore Brazil.

Petrobras moves ahead with divestment programme

14 August 2019

Petrobras' plans to sell off some of its upstream assets play into a wider campaign to reorient the company's portfolio.

Cuba prepares to battle ExxonMobil in US federal court

14 August 2019

Cuba’s government has indicated that it intends to contest a lawsuit filed earlier this year by the US super-major ExxonMobil.

Gran Tierra reports oil find at Colombia’s Acordionero field

13 August 2019

Calgary-based Gran Tierra Energy said last week that it had found crude oil in a well drilled at the Acordionero field in Colombia.

PdVSA-CNPC venture launches expansion project

13 August 2019

Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), is taking steps to raise output levels significantly.

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