LatAmOil - Latin America Oil & Gas

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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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PGS to reprocess 2D seismic data from Pelotas, Punta del Este basins

14 January 2021

Norway’s PGS has agreed to reprocess more than 11,000 km of existing 2D seismic data under a new agreement with ANCAP, the national oil company (NOC) of Uruguay.

Apache to assign Latin American assets to holding company

14 January 2021

US-based Apache said last week that it intended to assign its assets in Suriname and the Dominican Republic to a new holding that will be known as APA Corp.

Crown Point, Centaurus plan merger to boost profile in Argentina

14 January 2021

Crown Point Energy and Centaurus Energy have announced plans to merge in order to strengthen their position in Argentina, where they are working to develop conventional and unconventional oil and gas fields.

Petrobras production hits all-time high in 2020

14 January 2021

Brazil’s national oil company (NOC) Petrobras said last week that its production levels had reached record highs in 2020.

Failed gas supply talks lead Methanex to idle Titan methanol plant

14 January 2021

Canada’s Methanex is preparing to scale back its presence in Trinidad and Tobago, keeping the Titan methanol plant idle after failing to hammer out a natural gas supply deal with state-owned NGC.

RdK begins talks with consortium on sale of Isla refinery

14 January 2021

Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, has announced plans to begin negotiations with another bidder for the sale of its main assets.

Echo Energy, GTLI sign Bolivian co-operation agreement

13 January 2021

UK-based Echo Energy signed an agreement last week with GTL International (GTLI), a fully-owned subsidiary of Bolivia’s UruboCorp, on co-operation in the Bolivian energy sector.

Fluxys to acquire minority stake in GASBOL from EIG

13 January 2021

EIG Global Energy Partners has agreed to sell its 27.5% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), the owner and operator of the Brazilian section of the Bolívia-Brazil natural gas pipeline.

NRG: Pushing ahead with plans

12 January 2021

Companies and countries alike are taking steps forward with various oil and gas plans, though some continue to tread carefully in uncertain market conditions.

Mexico issues new rules restricting private fuel imports

8 January 2021

New regulations have come into force in Mexico restricting the volume of petroleum products that private firms are allowed to import, as part of a wider campaign to make the country less dependent on other countries for its fuel.

Petrobras collects BRL232.6mn from Vitol settlement

8 January 2021

Brazil's state-run oil and gas company Petrobras has received BRL232.6mn ($43mn) in a settlement with global energy trading firm Vitol in relation to the ongoing Lava Jato (Car Wash) corruption scandal.

Signs of improvement for PetroTal in Peru

8 January 2021

PetroTal’s outlook for the Bretana oilfield is brighter, thanks to Lima’s new agreement with indigenous communities and the opening of a new export route through Brazil.

Enauta takes control of offshore Atlanta field

8 January 2021

The Brazilian independent player Enauta Participações has taken 100% ownership of Block BS-4, which contains the offshore Atlanta field, following its partner Barra Energia’s decision to withdraw from the block last November.

US sanctions drive Halliburton to remove all Venezuela staff

8 January 2021

Houston-based Halliburton, one of the world’s largest oilfield services providers, has reportedly removed all staff from its offices in Venezuela in light of US sanctions policy.

Shell set to operate three deepwater blocks offshore Colombia

7 January 2021

Colombia’s National Hydrocarbons Agency (ANH), has named a local subsidiary of Royal Dutch Shell (UK/Netherlands) as the operator of exploration and production contracts covering three new deepwater licence areas.

Energy minister: Retail gasoline price controls to be lifted by end-January

7 January 2021

Franklin Khan, the energy minister of Trinidad and Tobago, said late last month that his country was on track to lift price controls on the domestic retail gasoline market by the end of January.

ExxonMobil spuds Bulletwood-1 well at Canje block

7 January 2021

US-based ExxonMobil has reportedly begun drilling the Bulletwood-1 exploration well at the Canje block offshore Guyana.

Mexico agrees to extend talks on unitisation of Zama deposit

7 January 2021

The government of Mexico recently gave the green light to an extension of talks between state-run oil company Pemex and a private consortium led by US-based Talos Energy over Zama, a huge oil deposit discovered in 2017.

A long, strange year: 2020 in review

5 January 2021

NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.

NRG: Energy markets edge cautiously into a new year

5 January 2021

Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine

Petronas, ExxonMobil report discovery at Sloanea-1

18 December 2020

Petronas (Malaysia) and ExxonMobil (US) have discovered hydrocarbons in the Sloanea section of Block 52 offshore Suriname.

Guyanese business associations call for maximising local content

18 December 2020

Two private business associations in Guyana have said they hope the international oil companies (IOCs) that are working to explore and develop hydrocarbon deposits in the offshore zone will hire local firms as often as possible.

Karoon ships first cargo of Baúna crude

18 December 2020

Australia’s Karoon Energy has shipped its first cargo of crude oil from the Baúna field, located offshore Brazil in the Santos basin.

Peruvian gas output hits year-to-date high in November

17 December 2020

Peru’s natural gas production hit its highest monthly level since the beginning of 2020 in November, after plummeting to historic lows earlier in the year as a result of the coronavirus (COVID-19) pandemic.

Eni considers drilling two new wells offshore Mexico

17 December 2020

The Italian oil and gas major Eni is looking to sink up to two new oil and gas exploration wells at Cuenca Salina, a deepwater block in the Sureste basin offshore Mexico.

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