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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Brazilian MPs set to vote on fuel price stabilisation fund in Q1-2022
Members of the Brazilian Senate’s Economic Affairs Committee voted on December 7 to move forward with a bill that provides for the creation of a fuel price stabilisation fund, clearing the way for further debate on the measure early next year.
ExxonMobil says Liza Destiny is producing oil at safe levels
ExxonMobil Guyana has downplayed recent expressions of concern about the long-term production levels being sustained by the Liza Destiny, the FPSO installed at the Liza-1 offshore oilfield.
Primax gains access to Ecuadorean fuel import infrastructure
Primax, a Peruvian distributor of petroleum products, has gained access to infrastructure in Ecuador under a new agreement with that country’s national oil company, PetroEcuador.
Ecuador adopts tax decree that will help speed up sale of state-controlled fields
Ecuador’s government adopted a new umbrella tax decree late last month, within the framework of efforts to reforms the legislative framework governing its hydrocarbon resources.
Guyana’s government receiving bids for strategic baseline studies of oil and gas development
Guyana’s Department of Public Information says multiple international firms have submitted bids to conduct Strategic Environmental and Social Assessment (SESA) baseline studies ahead of large-scale oil and gas development.
Ghana, Guyana to co-operate on petroleum production, investment promotion
The corporation is aimed at deepening partnership between the two countries
Guyana says GTP project has attracted more than 30 expressions of interest
The Guyanese government’s request for expressions of interest (EoI) in a $900mn gas-to-power (GTP) project is attracting strong interest, according to Natural Resources Minister Vickram Bharrat.
LatAmOil: Guyana says GTP project is attracting strong interest
The Guyanese government’s request for expressions of interest in a $900mn gas-to-power project is attracting strong interest, according to Natural Resources Minister Vickram Bharrat.
Brazilian economy minister urges government to privatise Petrobras
Brazilian Energy Minister Paulo Guedes has urged the government to include the national oil company Petrobras in its list of public-sector entities slated for privatisation.
President Energy completes Pirity farm-out
AIM-listed President Energy said last week that it had completed the sale of half of its 100% stake in the Pirity concession in Paraguay via a farm-out deal.
Petrobras finalises sale of RLAM refinery to Mubadala Capital subsidiary
Brazil’s national oil company (NOC) Petrobras announced on November 30 that it had completed the privatisation of the Landulpho Alves Refinery (RLAM) in Bahia State.
CFIUS delays Shell’s sale of refinery to Pemex
Shell's Deer Park refinery is not likely to be transferred to Mexicos' Pemex by year-end as anticipated, as CFIUS has delayed approval.
Promigas aims to expand capacity of Cartagena LNG import terminal
Promigas, a Colombian natural gas transportation company, is looking to expand the capacity of the country’s only LNG import facility, a terminal in Cartagena.
Head of Guyana’s EPA says Liza Destiny could extract up to 144,000 bpd
Kemraj Parsram, the head of Guyana’s Environmental Protection Agency (EPA), is confident that the Liza Destiny, the FPSO that is being used to develop the Liza-1 oilfield, is capable of raising output by 20% on current levels.
Guyana dispatches last oil export cargo of the year
Guyana has wrapped up its oil export programme for 2021, as its final 1mn-barrel cargo of the year was loaded in late November.
Petrobras claims all four oil supply contracts in latest PPSA auction
Brazil’s national oil company Petrobras outpaced all competitors at the latest round of auctions by Pré-sal Petróleo SA (PPSA), which represents the government in production-sharing contracts covering 17 pre-salt fields.
Eco (Atlantic) Oil & Gas touts prospects for light oil find at Orinduik
UK-based Eco (Atlantic) Oil & Gas is optimistic about the prospects for a major discovery at the Orinduik block offshore Guyana, noting that the eastern section of the site is very close to ExxonMobil's Liza oilfield.
LatAmOil: Eco hopes for light oil find at Orinduik
UK-based Eco (Atlantic) Oil & Gas is optimistic about the prospects for a major discovery at the Orinduik block offshore Guyana, noting that the eastern section of the site is very close to ExxonMobil's Liza oilfield.
US government extends Chevron’s Venezuela licence until June 1
The US Treasury Department has given Chevron and several other US-based companies more time to wind down their operations in Venezuela.
Top-polling presidential candidate wants Colombia to stop awarding oil and gas contracts
Gustavo Petro, a former mayor of Bogotá who is now the leading candidate in Colombia’s presidential race, has said he will stop awarding oil and gas contracts if he wins the vote, which is scheduled to take place in May 2022.
Bolsonaro calls for review of Brazil’s domestic fuel pricing system
Brazilian President Jair Bolsonaro said on November 23 that his government intended to review the international parity system used by the national oil company Petrobras to set fuel prices.
Eneva, Servtec to examine plans for new LNG terminal in Maranhão
Eneva, a Brazilian energy company, said last week that it had teamed up with Servtec, a local investment firm, to examine proposals for the construction of a new LNG import terminal in Maranhão State.
Lukoil finds oil at Yoti West
Russia’s Lukoil reported earlier this week that it had discovered oil at Yoti West, a field within the Block 12 licence area offshore Mexico.
Neuquen governor sees Trans-Andean Pipeline resuming operations next year
Omar Gutierrez, the governor of Argentina’s Neuquen Province, announced last week that the Trans-Andean Pipeline will resume operations in 2022.
Tullow sees Beebei-Potaro well spudded at Kanuku block in mid-2022
Repsol (Spain) is gearing up to drill its next exploration well at the Kanuku block offshore Guyana in mid-2022, according to Tullow Oil (UK/Ireland), a non-operating partner in the project.
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