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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YPFB granted permission to pump gas to other customers in Brazil
Brazil’s government revealed last week that it had authorised Bolivia’s national oil company (NOC) YPFB to target a wider range of customers.
Brazil eyes mechanism to reduce impact of high global oil prices
The Brazilian government is looking into establishing a mechanism that would reduce the potential impact of high international crude prices on the country’s domestic fuel market.
Brazil’s Cosan seeks permits for new gas export route
Brazilian conglomerate Cosan has applied for environmental permits to build a second section of an offshore natural gas export pipeline.
Karoon Gas ready to drill Peru’s Marina-1 exploration well
The Australian oil and gas company Karoon Gas has said it is ready to drill the Marina-1 exploration well in Peru’s Tumbes Basin alongside its project partners, Tullow Oil and Pitkin Petroleum.
Eagle LNG Partners awards contract for small-scale LNG plant
US-based Eagle LNG Partners has awarded an engineering, procurement, fabrication and construction (EPFC) contract for a small-scale LNG project that will target buyers in the Caribbean Sea region.
Maduro, opposition MPs spar over proposed changes to JV ownership
Venezuelan President Nicolas Maduro's plans for authorising changes in PdVSA JV ownership have stalled amidst ongoing conflict with the political opposition over control of the legislature.
Guyana attains oil producer status
ExxonMobil and its partners began extracting oil from the offshore Liza field on December 20, and they may see production rise to 750,000 bpd within five years.
Energía del Pacífico moving ahead with LNG project in El Salvador
The Energía del Pacífico (EDP) venture is working to establish the infrastructure facilities needed to allow EDP to import and regasify LNG so that it can serve as fuel for a thermal power plant (TPP).
Klesch Group to take control of Curacao refinery, edging out PdVSA
Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant, has recently agreed to a buy-out deal with the Klesch Group, a privately held international industrial commodities firm.
Pemex’s plans to speed up drilling fall flat
Mexico’s national oil company (NOC) Pemex has failed in its effort to accelerate drilling at 20 key fields in 2019 by using local service providers.
Mexican president calls for re-routing of Tuxpan-Tula gas pipeline
Mexican President Andres Manuel Lopez Obrador has said he wants Canada’s TC Energy to change the route of the natural gas pipeline it is building between Tuxpan and Tula.
Canada’s PetroTal signs production deal for Peru’s Bretaña field
Canada’s PetroTal has secured an agreement with Peruvian state-owned company Petroperu for the sale of oil production from the Bretaña field.
Venezuela changes formula for calculating oil royalties to reflect IMO 2020
Venezuela’s government has changed its formulae for calculating the royalties that energy companies pay the government, in response to the roll-out of stricter rules governing marine fuel specifications.
New crude oil spill reported on Brazil’s north-eastern coast
New crude oil slicks were recently spotted in the state of Ceará in north-eastern Brazil, around two months after the region was hit by another major spill.
Peru LNG reports exports down again in December
Peru LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, reported that its export volumes had declined year on year in the last month of 2019.
Petronas completes deal for Brazilian fields
Malaysia’s state-owned Petronas completed the acquisition late last month of a 50% stake in two deepwater fields in Brazil’s Campos Basin.
Changes in Mexico’s fuel markets
The CRE has pushed Pemex’s deadline for compliance with new diesel specifications back five years and has also lifted constraints on wholesale motor fuel prices.
Argentina proposes new pricing, tariff policies for hydrocarbons
Argentina’s new government has taken steps to alter tariffs and taxes on crude oil and natural gas.
USVI set to reduce imports of LSFO from Argentina next year
Deliveries of low-sulphur fuel oil (LSFO) from Argentina to the US Virgin Islands have been rising this year but are likely to go down again in 2020, according to the US Energy Information Administration (EIA).
Colombia wants Drummond to suspend fracking at La Loma field
Colombia’s highest administrative court, the Council of State, has ordered Drummond, a US-based coal-mining company, to suspend hydraulic fracturing operations at the La Loma field.
Venezuela reports oil production up
Venezuela reportedly registered an increase in oil production last month, continuing the recovery that began earlier this year.
Peru LNG reports exports down year on year in November
Peru LNG, a consortium that operates a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes decline year on year in the month of November.
Petrobras abandons incomplete Comperj refinery – report
Petrobras has said that it will not complete construction work on the Comperj refinery with China National Petroleum Corp. (CNPC).
Petrobras to begin leasing LNG terminal in north-eastern Brazil
Petrobras has said it will begin leasing its LNG regasification terminal in the north-eastern part of the country, in line with a national effort to open up the country’s natural gas market to more competition.
Peruvian oil production hits five-year high in November
Crude oil production in Peru hit its highest level in five years in November, according to new statistics from the Peruvian Oil and Gas Association (known as SPH).
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