LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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Overview

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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Head of Mexican oil workers’ union quits amidst close scrutiny

17 October 2019

The head of Mexico’s influential oil workers’ union, known by its Spanish acronym SPTRM, stepped down on October 16 amidst allegations of corruption.

Argentina blasts three companies for operations near Falkland Islands

17 October 2019

Argentina’s Foreign Ministry has issued a statement singling out three oil companies for criticism over their operations off the coast of the Falkland Islands in the South Atlantic Ocean.

Ecuador’s president backs away from plan to lift motor fuel subsidies

17 October 2019

Following more than a week of protests over the elimination of motor fuel subsidies, Ecuador's president has negotiated a deal with opposition groups.

Keeping up with Guyana

15 October 2019

A Ramps Logistics representative says Trinidad and Tobago should promote transparency and offer additional incentives to investors.

Brazil unveils results of 16th offshore bidding round

15 October 2019

Brazil's 16th offshore bidding round drew bids for 10 blocks from 12 companies that pledged to pay a total of $2.2bn in signing bonuses.

Argentina’s opposition candidate urged to use energy prices, tariffs as policy instruments

15 October 2019

Advisors to Alberto Fernandez, Argentina’s opposition candidate for president, have suggested using energy tariffs and fuel prices as instruments to rein in price increases and encourage economic growth.

No short-term solutions for Cuban fuel shortages

10 October 2019

Cuba is feeling some relief from fuel shortages following the arrival of eight Venezuelan tankers, but it cannot expect rescue from Venezuela or Russia.

Chevron buys 40% stake in three deepwater Mexican blocks from Shell

10 October 2019

Chevron said last week that it had arranged to buy a minority 40% stake in three deepwater blocks offshore Mexico.

Peru LNG reports exports up year on year in September

8 October 2019

Peru’s national oil company (NOC) Perupetro reported last week that the country’s only LNG plant had seen exports rise year on year in September.

Ecuador’s oil minister comments on OPEC departure, oil production plans

8 October 2019

Ecuador’s Hydrocarbons Minister Carlos Perez has offered some insight into his country’s decision to withdraw from OPEC last week.

Ecuador puts an end to motor fuel subsidies

8 October 2019

Ecuador’s President Lenin Moreno said last week that his administration was eliminating subsidised pricing for gasoline and diesel.

Sinovensa suspends blending operations, following Petropiar’s example

8 October 2019

Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), has reportedly suspended work at its crude blending plants in the Orinoco region.

Upcoming Brazilian auctions draw interest from 14 IOCs

3 October 2019

Brazil’s government has revealed that more than a dozen international oil companies have registered to participate in an upcoming licensing round covering four sizeable confirmed offshore fields.

Ecuador to drop out of OPEC as of January 1

3 October 2019

Ecuador has made the decision to withdraw from OPEC at the start of next year.

Colombia’s next steps

1 October 2019

Colombia is gearing up for several major developments in the oil and gas sector over the next 18 months.

YPFB reports successes on residential gasification front

1 October 2019

A Bolivian cabinet official said last week that YPFB, the national oil company (NOC), had made significant progress on residential gasification programmes.

Pemex pays off more than $5bn worth of bonds ahead of schedule

1 October 2019

Mexico’s national oil company Pemex succeeded in paying off more than $5bn worth of debts ahead of schedule last week.

YPF set to reduce investment budget next year

1 October 2019

Argentina’s national oil company YPF is likely to trim its investment budget in 2020.

Caribbean markets offer new opportunities for US LNG operators

26 September 2019

Eagle LNG and other US gas operators are poised to take advantage of growing demand in the Caribbean region.

Excelerate plans small-scale LNG plant in Argentina

26 September 2019

US-based Excelerate is moving forward with plans to establish a small-scale LNG export complex in Argentina, a company representative said last week.

US government penalises four companies for moving Venezuelan oil, fuels to Cuba

26 September 2019

The US Treasury Department said on September 24 that its Office of Foreign Asset Control (OFAC) had imposed sanctions on four companies involved in transporting crude oil and petroleum products from Venezuela to Cuba.

Head of Colombian industry group hopes government will allow fracking in 2020

26 September 2019

The head of a Colombian oil and gas industry group has urged the government to allow investors to start work on pilot drilling programmes involving hydraulic fracturing (fracking) in 2020.

CNH gives Eni-led group green light for drilling Ehecatl-1 well

25 September 2019

CNH has reportedly given Eni (Italy) and its partners Cairn Energy (UK) and Citla (Mexico) permission to move forward with the drilling of an exploration well at Mexico's offshore Block 7.

GlobalData sees more IOCs entering Brazil’s Pre-Salt fields as operators

25 September 2019

Brazil is likely to start seeing a wider range of companies serving as operators of upstream oil and gas projects in the short term, according to GlobalData.

Colombia’s pilot fracking schemes remain in limbo

19 September 2019

Colombia's highest administrative court has extended a temporary moratorium on fracking but has also said the ban does not apply to “comprehensive investigative pilot projects.”

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