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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Federal questions emerge as Brazil’s gas liberalisation proceeds
The ANP has comes out swinging in favour of guarding the Brazilian federal government’s prerogatives with respect to gas distribution rules.
Guyana receives 12 bids for power plant, NGL facility under GTP project
Guyana has received 12 bids for a contract covering the construction of both a natural gas-fired thermal power plant and a natural gas liquids plant.
Argentina reports oil production up in December
Argentina extracted a total of 559,000 barrels per day of oil in December 2021, pushing monthly output up to the highest level recorded in the last nine years.
YPFB says it cannot uphold gas supply commitments to Argentina this winter
YPFB, the national oil company of Bolivia, has said it will not be able to uphold its gas supply commitments to neighbouring Argentina during the upcoming heating season.
Enauta set to buy second FPSO for Atlanta
Enauta Participações has struck a deal on the purchase of a floating production, storage and off-loading (FPSO) unit for its Definitive System project at the Atlanta oilfield in the Santos basin offshore Brazil.
Trinidad and Tobago reports progress in talks on Atlantic LNG restructuring
Trinidad and Tobago’s Ministry of Energy and Energy Industries says it is moving closer to a deal with BP and Shell on the restructuring of Atlantic LNG.
Perupetro to offer up to seven mature Talara basin oil blocks to investors
Peru has announced plans to offer as many as seven blocks in the Talara basin to investors in June of this year.
Jagdeo says Guyana will use oil revenues to fund budget expenses for the first time in 2022
Bharrat Jagdeo, the vice-president of Guyana, said last week that the government intended to use oil revenues to help fund budget spending for the first time this year.
GeoPark finds oil and gas in Jandaya-1 well in Ecuador
GeoPark (Canada) revealed earlier this week that it had made its first hydrocarbon discovery at Perico, a block within the Oriente basin in Ecuador.
Shell confirms sale of Deer Park refinery stake to Pemex
Shell Oil Co. confirmed last week that it had transferred its stake in the Deer Park refinery in Texas to PMI Norteamerica, a subsidiary of Mexico’s national oil company Pemex.
Nahle denies reports of delays and cost overruns at Dos Bocas refinery
Mexican Energy Minister Rocio Nahle has denied reports that the national oil company Pemex is running over budget and behind schedule on the construction of the Dos Bocas refinery in Tabasco State.
LatAmOil: Nahle offers reassurances on Dos Bocas refinery
Mexican Energy Minister Rocio Nahle has denied reports that the national oil company (NOC) Pemex is running over budget and behind schedule on the construction of the Dos Bocas refinery in Tabasco state.
Biden administration taking new approach to Mexican energy policy
Washington speaks up in favour of US energy companies seeking to enter Mexico – but for renewables, not for oil and gas.
Chile’s CEN to seek extra diesel for power generation this winter
Chile’s power grid co-ordinator is reportedly looking to source extra diesel fuel for use at small-scale power generation facilities between March and September of this year.
Panama Canal reports LNG transits down 30% year on year in December 2021
LNG transits via the Panama Canal decreased by 30% year on year in December 2021, according to data from the Panama Canal Authority (PCA).
New Stratus finalises acquisition of Blocks 16 and 67 from Repsol
New Stratus Energy (Canada) has completed its acquisition of minority stakes in two heavy crude oil blocks in Ecuador’s eastern Orellana province from Repsol (Spain).
Petro expands on plan for phasing out oil exploration and fossil fuels
Gustavo Petro, a former mayor of Bogotá who remains the leading candidate in Colombia’s presidential race, has expanded upon his former proposals for moving the country away from an economic model based on fossil fuels.
Wintershall to quit projects in Brazil, Argentina
Wintershall Dea (Germany) has announced plans to unload assets in Brazil and Argentina this week.
Petrobras meets 2021 production targets
Brazil’s national oil company Petrobras indicated last week that it had slightly exceeded its production targets by around 4% in 2021.
Guyana committed to open bidding process for Block C, minister says
Guyana is determined to offer Block C, one of its last remaining deepwater licence areas, to potential investors through an open bidding process, Natural Resources Minister Vickram Bharrat has said.
Echo Energy Plc says Santa Cruz Sur production levels remained steady in Q4-2021
London-listed Echo Energy Plc says production levels at the Santa Cruz Sur fields in southern Argentina remained strong in the fourth quarter of 2021 despite labour issues affecting the area of operations in December.
Guyanese inspectors to assume responsibility for testing offshore crude oil
The Guyana National Bureau of Standards (GNBS) is prepared to assume responsibility for testing crude oil extracted from the country’s offshore fields this year, ahead of the planned launch of the Liza-2 development project.
LatAmOil: Guyanese inspectors to take responsibility for oil certification
The Guyana National Bureau of Standards (GNBS) is prepared to assume responsibility for testing crude oil extracted from the country’s offshore fields this year, ahead of the planned launch of the Liza-2 development project.
Argentina reiterates commitment to offshore exploration despite protests
The government of Argentina has decided to move forward with its first offshore exploration drilling scheme in years, despite facing a barrage of protests.
Guyana seeks contractor for feasibility study of Yellowtail field development plan
The government of Guyana has invited consulting firms to submit bids for a contract to review and evaluate ExxonMobil’s field development plan for its Yellowtail Project.
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