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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Petrobras' plans to sell off some of its upstream assets play into a wider campaign to reorient the company's portfolio.
New Fortress racks up red ink
Cuba prepares to battle ExxonMobil in US federal court
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
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
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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