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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Tullow hoping for a comeback
Tullow Oil’s new investment plan focuses on West Africa but also identifies opportunities in South America and East Africa.
NRG: While OPEC meets, life goes on
Peru names new energy minister
Peru’s new government has named Jaime Galvez as Energy and Mining Minister, thereby completing the Cabinet of interim President Francisco Sagasti.
Mexico’s new infrastructure plan gives CFE dominant position in gas supplies
Mexico’s government has reportedly assigned nearly all responsibility for domestic natural gas supplies to a state-controlled company, the national power provider CFE.
Maersk Drilling set to provide drilling units to Total for Block 58
Maersk Drilling (Denmark) is on track to win a contract for the delivery of two deepwater drilling units to Total (France) for work at Block 58 offshore Suriname.
Elliott Management reportedly acquires indirect stake in Kaieteur project
Elliott Management, a hedge fund run by activist investor Paul Singer, has acquired an indirect stake in the Kaieteur block offshore Guyana.
GlobalData sees South America overtaking North America on oil production
The combination of Guyana’s new oilfields and output from Brazil’s pre-salt region could help push South America’s oil output beyond that of North America within four years, according to new research.
Colombia to sign onshore contracts with two Canadian firms
The government of Colombia is expected to sign contracts with two Canadian oil and gas companies for several onshore blocks.
BP to sell stake in Campos Basin blocks to PetroRio
The British oil major BP has agreed to sell its stakes in two offshore blocks in Brazil’s Campos Basin to PetroRio, a Brazilian oil company.
Argentina’s new Gas Plan offers participants access to forex market
Argentina’s Central Bank has said that natural gas producers taking part in the country’s new “Gas Plan” will have free access to the official foreign exchange market.
Complex conjugates
High operating costs may pose challenges for companies seeking to explore the potential of conjugate basins on both sides of the Atlantic Ocean.
NRG: Forward momentum
Welcome to the latest edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
Petrobras launches teaser stage of Marlim cluster sale
Brazil’s national oil company (NOC) Petrobras has opened the opportunity disclosure, or teaser, stage of its planned sale of a legacy asset known as the Marlim cluster.
US extends Venezuelan waiver for Chevron, oilfield service companies
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the waiver granted to Chevron and three oilfield service providers from sanctions on the Venezuelan oil industry until June 3.
Staatsolie calls tender for eight shallow-water offshore blocks
Staatsolie Hydrocarbon Institute (SHI), a division of Suriname’s national oil company (NOC) Staatsolie, has opened a new offshore bidding round.
Westmount confirms non-commercial oil find at Kaieteur
AIM-listed Westmount Energy, an indirect shareholder in the Kaieteur block offshore Guyana, has confirmed reports of a new oil discovery in the Tanager section of the licence area.
Brazil’s base oil imports hit 16-month high on US imports
Brazil’s base oil imports reached a 16-month high last month, following a jump in shipments from the US, according to newly released government data.
Ecuador expects crude output to miss targets in 2020
Ecuador is expecting to end 2020 with crude output falling “significantly” below initial expectations, mainly because of budget cuts at state oil companies but also as a result of issues with pipeline infrastructure earlier this year.
Petrobras eyes new export market in India
Brazil’s state-run oil and gas company Petrobras is reportedly considering India as a new market for its exports.
Finally, an FID for ECA LNG
ECA LNG, Sempra’s joint venture with its Mexican subsidiary IEnova, has become the first party to push an LNG export project to the FID stage since the beginning of 2020.
Rystad: Argentina, Brazil to face gas supply gap
LNG imports are likely to fill the supply gap that is building in Argentina and Brazil over the next five years, as pipeline shipments of Bolivian natural gas to the two countries decline, according to Rystad Energy.
Investors focus on Mexican deepwater projects in Q3-2020
Deepwater exploration accounted for nearly half of all investments made in Mexico’s oil and gas sector in the third quarter of the year, according to the national oil and gas regulator CNH.
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