LatAmOil - Latin America Oil & Gas

Oil & Gas

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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Karoon Energy scales back Australian operations to focus on South America

5 December 2019

Bruce Phillips, the chairman of Australia’s Karoon Energy, said last week that his company was taking steps to shift its focus to development projects in South America.

Venezuelan oil exports reported up in November

5 December 2019

PdVSA saw crude oil and fuel export volumes rise to 1.037mn barrels per day in the month of November.

Farm-ins more attractive than greenfield projects for potential investors in Mexico

5 December 2019

Oil and gas operators looking to invest in Mexico have fewer options than they did previously. But some enterprising companies are forging new paths, focusing on buying into ongoing projects rather than pursuing greenfield schemes.

Apache will drill deeper, target third play offshore Suriname

5 December 2019

US-based Apache is moving forward with a testing programme after sinking Maka Central-1, a well at Block 58 offshore Suriname, to a depth of 6,200 metres.

Colombia oil auction draws bids for 15 out of 59 blocks – government

5 December 2019

Colombia’s latest oil auction has attracted bids for 15 blocks out of a total of 59 on offer, the country’s national hydrocarbons agency ANH has said.

Bolivia’s new government halts drilling by Brazil’s Petrobras

5 December 2019

Bolivia’s new government has ordered the Brazilian national oil company (NOC) Petrobras to stop exploring for oil and gas in a key national reserve in the face of strong opposition from locals.

Argentina: Investment in Vaca Muerta could reach $9.5bn per year

5 December 2019

Argentina could attract significantly more investment in its oil and gas sector by the end of the next decade, including up to $9.5bn of investment each year in the Vaca Muerta shale formation, according to outgoing government officials.

An uneasy year for OPEC – and its member states

4 December 2019

NewsBase examines issues confronting some OPEC member states in Africa and South America.

Maduro: Caracas will back petro with 30mn barrels of oil from inventories

28 November 2019

Venezuelan President Nicolas Maduro said last week that his government was using 30mn barrels of crude oil from its inventories to back the petro, its new crypto-currency unit.

BPTT comments on prospects for directing gas from BHP fields to Atlantic LNG

28 November 2019

BP Trinidad & Tobago (BPTT) has expressed interest in the possibility of working with BHP (Australia) to find new sources of feedstock for Atlantic LNG.

Peru LNG reports exports up year on year in October

28 November 2019

Peru LNG, a consortium that operates a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise year on year in the month of October.

PetroTal says its second horizontal well in Peru is on schedule, within budget

28 November 2019

Canada’s PetroTal has reported that the drilling of its second horizontal well at Bretaña, a field in Peru, is proceeding as anticipated.

Amendments to Bolivian gas contract could save YPF $300mn in 2019

28 November 2019

Argentina’s national oil company (NOC) YPF is reportedly set to reduce its bill for natural gas imports by $300mn this year and may succeed in doing the same next year.

Ecopetrol subsidiary to buy 43% stakes in two gas fields from Chevron

28 November 2019

The US major Chevron has arranged to sell its minority stakes in two mature natural gas fields to Hocol, a subsidiary of Colombia’s national oil company (NOC) Ecopetrol.

Pemex may be able to avoid another downgrade, but it is still facing challenges

28 November 2019

S&P representatives have said the NOC is not in imminent danger of another ratings cut. But the company’s oil production is still falling, and its contractors are getting nervous.

Ongoing turmoil in Bolivia affecting fuel and energy sector

21 November 2019

Bolivia’s oil and gas sector is caught up in political turmoil, with La Paz and other cities experiencing shortages of motor fuel and LPG.

Venezuelan opposition set to retain control over Citgo following federal court ruling

21 November 2019

Venezuela’s political opposition has reportedly scored a victory in its fight to retain control over Citgo, a US-based subsidiary of the national oil company (NOC) PdVSA.

Tecpetrol, ExxonMobil and Shell comment on Vaca Muerta’s prospects

21 November 2019

Oil and gas executives are keen to develop Argentina's Vaca Muerta shale basin but see economic turmoil and political turnover as reasons for caution.

BPC, Baker Hughes sign master services agreement on drilling equipment

21 November 2019

Bahamas Petroleum Co. (BPC) said on November 20 that it had finalised an agreement with US-based Baker Hughes on the supply of equipment for an offshore drilling project next year.

Ecopetrol, Occidental finalise Permian joint venture agreement

20 November 2019

Colombia’s Ecopetrol and US-based Occidental Petroleum have completed a previously announced transaction to form a joint venture focused on the Permian Basin.

Tango LNG’s first commercial cargo sold to Petrobras

20 November 2019

Brazil’s national oil company (NOC) Petrobras has been identified as the buyer of the first commercial cargo of LNG lifted from Tango, a floating gas liquefaction plant anchored near Bahia Blanca in Argentina.

GeoPark takes control of Colombia’s Amerisur Resources

20 November 2019

GeoPark has arranged to buy Amerisur Resources, a Colombia-based oil and gas operator

BP reports new gas find offshore Trinidad and Tobago

19 November 2019

BP Trinidad & Tobago (BPTT), a joint venture formed by BP (UK) and Repsol (Spain), has found natural gas in a new well drilled to the east of the Cashima field.

How is the gas sector faring in Bolivia?

14 November 2019

Bolivia's gas sector is waiting to see what happens now that Evo Morales, the country's long-time president, is out of power.

Brazil racks up more disappointment as most oil companies avoid PSC bidding round

14 November 2019

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has suffered another major disappointment, as investors stayed away from yet another round of auctions.

Edited by

Newsbase staff


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