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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Mexican businessmen rumoured to be eyeing takeover of Monterra’s Tuxpan terminal
A group of Mexican businessmen is reportedly seeking to buy the 2.2mn barrel petroleum product storage terminal that Monterra Energy (US) owns near Tuxpan, a port in Veracruz State on the Gulf of Mexico.
Lukoil completes acquisition of 50% stake in Area 4
Russia’s LUKoil has completed its acquisition of a 50% stake in the production-sharing agreement (PSA) covering Area 4, located in the southern Gulf of Mexico, from the site’s current operator PetroBAL.
LatAmOil: IEASA gets green light for Vaca Muerta gas line
Argentina’s government has authorised state-owned Integración Energética SA (IEASA) to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
KGL to carry out green hydrogen assessment for Dominica
Trinidad-based Kenesjay Green Ltd (KGL) said in a recent press release that it had agreed to perform a green hydrogen assessment for Dominica.
Guyana in talks with Middle Eastern oil companies ahead of offshore bidding round
Guyanese Vice-President Bharrat Jagdeo has said that Georgetown is in talks with several state-run Middle Eastern oil firms about a potential exploration for new offshore oil deposits.
Eni brings Miamte MV 34 FPSO on stream at Area 1
Eni (Italy) has begun development operations at at Area 1, a shallow-water licence area located off the coast of Tabasco State in the southern Gulf of Mexico, using the Miamte MV 34 FPSO.
ExxonMobil identifies Uaru-2 as target of fifth development project
ExxonMobil Guyana, a subsidiary of the US super-major ExxonMobil, confirmed last week that it had selected Uaru-2 as the target of its fifth development project at the Stabroek block offshore Guyana.
Rystad Energy, CGX exec say Kawa-1 find has de-risked Guyana’s offshore zone
Rystad Energy, a Norway-based energy consultancy, says the recent find at the Corentyne has helped settle the question of whether ExxonMobil’s Stabroek block will be the only success in Guyana’s offshore zone.
Monterra demands return of Tuxpan fuel terminal
Monterra Energy says it is prepared to seek arbitration if Mexico City does not surrender control of the Tuxpan fuel terminal, which has remained closed since last September.
Phoenix Development Co. awards FEED contract for proposed gas and LNG hub offshore Suriname
Houston-based Phoenix Development Co. (PDC) has signed a contract with Dallas-based Schwob Energy Services (SES) for front-end engineering and design services on a gas hub and LNG plant offshore Suriname.
SENER moves to put restrictions on fuel import permits back into place
Mexico’s Energy Secretariat (SENER) has issued a decree lifting a court ruling that suspends the enforcement of a regulation designed to make fuel import permits harder to obtain.
Cayman Islands power provider considers switching from diesel to gas
Caribbean Utilities Co. (CUC), the national power provider of the Cayman Islands, is reportedly considering switching from diesel to regasified LNG as its main fuel for electricity generation.
TotalEnergies reports new oil discovery in Krabdagu-1 well offshore Suriname
TotalEnergies (France) and its US-based partner APA Corp. have reported a new discovery in the Krabdagu-1 exploration well at Block 58 offshore Suriname.
LatAmOil: TotalEnergies strikes oil again offshore Suriname
TotalEnergies (France) and its US-based partner APA Corp. have reported a new discovery in the Krabdagu-1 exploration well at Block 58 offshore Suriname.
AMLO’s ambitions for energy security heading for a brick wall
Mexico's president wants to make the country self-sufficient by letting state-run companies dominate the oil, gas and power sector, but he may be encouraging higher dependence on imports.
Argentinian court orders YPF, Shell, Equinor to put offshore seismic survey plans on hold
An Argentinian court has blocked YPF and its partners from moving ahead with seismic surveys at offshore blocks located off the coast of Mar del Plata.
Brazilian gas executives say lack of access to pipelines, processing facilities is slowing reforms
Executives from several Brazilian companies said last week that natural gas reforms were running into challenges because of questions about access to pipelines and processing facilities.
VP says Guyana may use unassigned blocks to establish NOC
Guyana’s government may establish a national oil company on the basis of unassigned blocks in the country’s offshore zone, according to Vice President Bharrat Jagdeo.
Petrobras reiterates commitment to gas market liberalisation
Brazil’s national oil company Petrobras has reiterated its commitment to fostering competition in the natural gas sector, even as it remains the country’s leading supplier of gas.
Ecopetrol CEO says his company is ready to go to court to enforce its legal right to explore
Felipe Bayon, the CEO of Colombia’s national oil company Ecopetrol, has said that he is ready to push back if Gustavo Petro becomes president and calls a halt to new hydrocarbon exploration.
Paraguay hikes fuel prices in about-face on earlier pledges of short-term stability
Paraguay’s state-run petroleum product concern raised prices for most types of motor fuel at the weekend, abandoning previous pledges to keep prices stable at least until the end of this month.
LatAmOil: ExxonMobil brings second oilfield on stream offshore Guyana
ExxonMobil (US) and its partners launched commercial operations at the Liza-2 oilfield offshore Guyana on February 11, marking the start of their second development project at the Stabroek block.
Deputy minister says Margarita-10 find highlights Bolivia’s need for new gas law
Raúl Daniel Mayta Jiménez, Bolivia’s deputy minister of hydrocarbon and energy, said last week that the discovery of new natural gas reserves at the Margarita-10 well highlighted the need for changes in the oil and gas laws.
China reportedly prepared to renegotiate oil-for-loans deal with Ecuador
China’s government is prepared to renegotiate the terms of its debt agreements with Ecuador so as to break the link between payment and crude oil sales, according to President Guillermo Lasso.
CGX, Frontera will put Demerara drilling on hold to focus on Corentyne this year
CGX Energy and Frontera Energy have dropped plans to drill an exploration well at the Demerara block offshore Guyana this year to focus on another prospect in the same basin – Corentyne, where they recently found oil at Kawa-1.
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