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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Costa Rica aims to pass law forbidding oil and gas exploration
The government of Costa Rica has signaled that it wants to give regulations prohibiting oil and gas exploration the force of law.
Lukoil spuds Yoti West-1X well at Block 12 offshore Tabasco
Russia’s Lukoil said earlier this week that it had spudded its first exploration well at the Block 12 licence area in the southern Gulf of Mexico.
Aquaterra Energy completes engineering design for renewable-powered rig
UK-based Aquaterra Energy has completed the engineering design for a renewable energy-powered drilling platform that will be installed at the Zandolie field in Trinidad and Tobago’s offshore zone.
Peru prioritises ESG issues
Ivan Merino, Peru's new energy minister, has indicated that President Pedro Castillo will link permits and approvals to resource developers’ willingness to invest in social projects that help host communities.
Peruvian energy minister comments on government’s plans for PetroPerú
Peru’s new government, headed by President Pedro Castillo, has continued to reveal more information about its plans for raising the profile of the national oil company (NOC) PetroPerú.
Brazilian government may use oil royalties to cover LPG subsidy programme
The Brazilian government may use royalty payments from the oil industry to subsidise free LPG supplies for impoverished families, according to a Reuters report.
Pemex reportedly lacks funds for Zama project
Pemex is short of the funds it will need to develop Zama, a major oilfield located off the coast of Tabasco state, sources familiar with discussions at the national oil company (NOC) told Bloomberg last week.
Guyana’s president outlines plans to establish Petroleum Commission by year-end
Irfaan Ali, the president of Guyana, said last week that his administration intended to establish a new government agency to oversee the country’s fledgling oil industry before the end of the year.
LatAmOil: Guyana to establish Petroleum Commission by year-end
Irfaan Ali, the president of Guyana, said last week that his administration intended to establish a new government agency to oversee the country’s fledgling oil industry before the end of the year.
Ecopetrol’s $3.6bn bet on energy transition
Colombia’s NOC Ecopetrol has acquired a majority stake in ISA, the country’s TSO, and hopes the deal will help it accelerate the pace of expansion into renewable energy
ExxonMobil seeks green light for 12-well drilling programme at Canje block
Guyana’s Environmental Protection Agency (EPA) said at the weekend that ExxonMobil had requested permission to launch a 12-well drilling programme at the offshore Canje block.
Guyana green-lights plan for more oversight of land acquisition for oil projects
Guyana’s National Assembly voted on August 9 to approve a new bill that aims to ensure appropriate government oversight of operations involving the acquisition of privately-owned land for major hydrocarbon projects.
NGC, NEC join BP and Shell in green ammonia/hydrogen project
National Gas Co. of Trinidad and Tobago Ltd (NGC) and its subsidiary National Energy Corp. of Trinidad and Tobago Ltd (NEC) are drawing up plans for green ammonia production.
Peru’s new PM says state should play a role in gas industry
Guido Bellino, the new prime minister of Peru, has confirmed that President Pedro Castillo intends to expand the government’s involvement in the natural gas sector.
BBVA calls on Pemex to increase upstream investment
Pemex must increase investment in exploration and development projects in order to reach production targets between 2022 and 2024, according to BBVA, Mexico’s largest financial institution.
Talos says it will not give up on Zama project
US-based Talos Energy has said it will not abandon plans to develop the Zama oilfield, despite the Mexican government’s recent decision to give the national oil company (NOC) Pemex control of the project.
Cosan subsidiary begins building LNG import terminal in Santos
Compass Gas e Energia, a unit of Brazil’s Cosan industrial group, recently began building a new LNG regasification terminal in the port of Santos in São Paulo state.
NFE to deliver LNG to two Brazilian fertiliser plants
US-based New Fortress Energy (NFE) revealed earlier this week that it had agreed to deliver LNG to two fertiliser plants owned by Unigel Participações, a major Brazilian chemical company.
Petrobras rep touts potential of Foz do Amazonas basin
Petrobras has expressed optimism about plans for exploring the Foz do Amazonas basin off Brazil’s northern coast, saying that this frontier province may hold huge reserves of hydrocarbons
BHP approves capex spending for Trion, Shenzi North projects
Australia’s BHP has approved plans to spend more than $800mn on work at two fields in the Gulf of Mexico, Trion and Shenzi North.
LatAmOil: BHP approves capex spending for Trion project
Australia’s BHP has approved plans to spend more than $250mn on work at Trion, a deepwater field located off the coast of the Mexican state of Tamaulipas.
Castillo begins to reveal new vision for PetroPerú
Peru’s new president wants the national oil company to expand its portfolio and gain control over fuel prices but says it must compete against private sector operators.
Work resumes on bypass lines for SOTE and OCP systems
The operators of Ecuador’s two main oil export pipelines have restarted work on bypass lines near San Luis, a settlement in Napo Province, after being delayed by protests last month, according to Petroecuador.
Ecopetrol aims to launch pilot project for green hydrogen production next year
Colombia’s national oil company Ecopetrol has announced plans to launch a pilot project for green hydrogen production and will also explore options for investment in blue hydrogen.
TotalEnergies says Libra group has made FID on Mero-4 project
France’s TotalEnergies and its partners in the Libra consortium have made a final investment decision (FID) on the development of the fourth phase of Mero, an oilfield within the deepwater offshore Libra block.
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