LatAmOil - Latin America Oil & Gas

Western Geco begins wide-azimuth survey in Bay of Campeche

Schlumberger's Western Geco subsidiary has begun work on a multi-client wide-azimuth survey offshore Mexico, in the Bay of Campeche.

SPEC LNG and partners to offer additional LNG services at FSRU in Cartagena

Colombia’s Sociedad Portuaria El Cayao, known as SPEC LNG, has teamed up with three other companies to make additional services available at its LNG import facility in Cartagena.

Mexican government strikes a deal with another gas pipeline contractor

Mexico’s government has struck an agreement with Fermaca, a domestic company, on the revision of natural gas pipeline contracts signed when the previous government was still in power.

TPI urges fossil fuel industry to face up to climate change

Senior diplomat: US government won’t rule out sanctions on Rosneft for Venezuelan oil trade

The US government may take action against Rosneft, Russia’s largest oil operator, for expanding its trade in Venezuelan crude oil.

Mexico’s president finds new enthusiasm for reform – up to a point

Mexico's president is opening up new opportunities for private investors but still has unrealistic expectations about what Pemex can achieve in a year.

Brazil wraps up first round of Open Acreage programme auctions

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has successfully auctioned off 33 blocks in the first round of its Open Acreage programme.

YPF execs voice optimism about plans for new LNG plant

Two high-ranking representatives of Argentina’s national oil company (NOC) YPF said last week that they remained optimistic about the prospects for ramping up LNG exports.

Perupetro says Peru LNG complex saw exports rise in August

Peru’s national oil company (NOC) Perupetro said last week that it had seen LNG exports from the terminal in Pampa Melchorita rise year on year last month.

CNPC subsidiary reportedly suspends work on Sinovensa expansion project

Venezuela’s plans for expanding the production capacity of Sinovensa, a joint venture between the national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), may be suffering a setback.

Argentina pushes on with LNG plan amid political upheaval

Argentina’s YPF continues to pursue a plan for a major LNG export project, but political uncertainty in the country will likely slow progress.

Chevron seeking more favourable terms for possible exit from Venezuela

Chevron is reportedly taking steps to ensure a softer landing in the event that it has to exit Venezuela.

One price freeze leads to another

Argentina’s Energy Secretariat is seeking to temper the impact of its decision to impose a temporary freeze on crude oil and motor fuel prices.

Eco Atlantic ally optimistic about prospects for additional oil finds offshore Guyana

Kinley Exploration, a US-based company with close ties to Canada’s Eco Atlantic Oil & Gas, has expressed optimism about the prospects for further oil discoveries offshore Guyana.

Bahamian NOC seen preparing for exploration drilling in 2020

The national oil company of the Bahamas has reportedly made arrangements to launch an offshore exploration drilling programme next year.

Stabilis considering Monterrey as site for small-scale Mexican LNG plant

Houston-based Stabilis Energy has said it is considering the Mexican city of Monterrey as a potential site for its first LNG project in the Central American country.

Mexico strikes deal on Sur de Texas-Tuxpan gas pipeline

Mexico's national power provider CFE has struck a deal with four companies involved in the construction of new gas pipelines.

Head of IGU praises Bolivian government’s gas policy

The secretary general of the IGU says Bolivia stands to benefit from increased global demand for natural gas.

Mexico apparently hesitating on oil price hedge

Mexico’s government has not yet executed its oil hedge and may opt out of doing so altogether this year.

Joe-1 well spudded at Orinduik block offshore Guyana

Tullow Oil and its partners have spudded a new exploration well at the Orinduik block offshore Guyana.

Pluspetrol reins in production at Las Malvinas gas plant

Argentina’s Pluspetrol has temporarily scaled back production at the Las Malvinas natural gas plant in Peru following the discovery of leaks in a pipe.

Equinor, YPF sign preliminary agreement on offshore block

Equinor has concluded a preliminary agreement with YPF, Argentina’s national oil company (NOC), on the establishment of a joint venture to explore the CAN 100 block.

Aramco, PetroChina and traders interested in Petrobras refinery sale

Events in Argentina raise doubts about Vaca Muerta’s prospects

Recent developments in Argentina may force a downward revision in production forecasts for the Vaca Muerta shale basin.

Shell gets green light for 3-D seismic work at Santos Basin blocks

Brazil’s Ministry of the Environment has given Royal Dutch/Shell a green light to proceed with a seismic survey of two adjacent offshore blocks known as BM-S-54 and Sul de Gato do Mato.