LatAmOil - Latin America Oil & Gas

Pemex denies reports of free oil deliveries to Cuba

Mexico’s national oil company, Pemex, has denied allegations that it is supplying crude oil to Cuba without charge.

AES and Canada’s Seaspan to supply LNG to vessels transiting Panama Canal

AES to partner with Canada's Seaspan to supply LNG as maritime fuel to vessels utilising the Costa Norte LNG terminal in Panama.

Trinidad and Tobago launches Shallow Water Competitive Bidding Round 2023

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has launched a licensing round covering 13 shallow-water blocks in the offshore zone.

Guyana may use bridge financing temporarily for Gas-to-Energy project

Guyana is set to make use of bridge financing to keep its Gas-to-Energy project afloat while awaiting authorisation of a US $646mn loan that it applied for from the United States EXIM Bank.

Ecopetrol subsidiary asks US judge for help in securing payments from CB&I

A downstream subsidiary of Colombia’s Ecopetrol has asked a US federal judge for help in securing payment from CB&I on $1.7bn worth of outstanding obligations.

SGP Bioenergy set to make final investment decision on $7bn Panama’s Golden City biorefinery.

Golden City Biorefinery, a ground-breaking $7.7bn project in Panama dedicated to the production of advanced biofuels, is poised to make its final investment decision in the fourth quarter of the upcoming year.

Pemex’s financial woes increase over Lopez Obrador’s term

Brazil’s Amazon drought props up diesel plants as blackout risks increase

Brazil’s Petrobras eyes Venezuela expansion, assesses Chevron’s return

Petrobras, the Brazilian state-controlled oil giant, is examining Chevron's resumption of operations in Venezuela and considering re-establishing its own presence in the oil-rich country, Petrobras CEO Jean-Paul Prates said.

LatAmOil: AES sells Panamanian, Dominican LNG assets to Grupo Linda

Petrobras excludes Guyana from potential oil-and-gas suppliers

The CEO of Brazil's state-owned energy major, Petrobras, says it is of strategic importance to expand into neighbouring countries such as Venezuela and Bolivia. He made no mention, however, of oil-rich Guyana.

Citing oil production, World Bank lauds Guyana as Caribbean leader for economic growth

The World Bank has highlighted Guyana’s exceptional economic growth over the past year, and expects it to continue in 2024. The World Bank found that Guyana’s impressive growth rate has been driven by its oil production.

Venezuela’s PDVSA reactivates lubricant plant in Carabobo

State-owned Petróleos de Venezuela has announced the reactivation of a lubricant production facility located in Carabobo. This marks a significant step in PDVSA's efforts to bolster its presence in the automotive, industrial and fishing sectors.

Argentina seeks more time to pay $16bn in damages inYPF oil company case

Argentina has asked the judge overseeing the case on the 2012 nationalisation of YPF to dismiss a petition to enforce the $16.1bn judgement within 30 days. $16.1bn is nearly 20% of Argentina’s national budget for 2023.

Petrobras aims to invest $300mn in two wells at Potiguar, says executive

Brazil’s state-owned energy major Petrobras is planning to invest $300mn to drill two exploratory wells at Potiguar Basin, exploration for which recently got the greenlight from the environmental regulator Ibama, Reuters reported on October 3.

Venezuelan crude oil exports surge to second-highest monthly rate in 2023

Venezuela's crude oil exports soared last month, exceeding 800,000 barrels per day. This impressive uptick marks the second-highest monthly export rate since the year commenced.

Guyana power consumption hitting record highs, gas-to-energy project may be solution

Guyana Power and Light Inc. (GPL) released a notice confirming that Guyana is experiencing record levels of electricity demand and generation. According to the notice, Guyana’s central grid system hit a record demand level of 182 MW.

New Fortress’ Mexico LNG facility receives final unit before start-up

The final unit of New Fortress Energy's floating liquefied natural gas export terminal offshore Mexico’s northern coast reached the project site on October 2, according to data from S&P Global Commodities at Sea (CAS)

Peru LNG’s exports surge in September

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes rise by more than 150% month on month in September 2023.

Brazil’s regulator greenlights Petrobras’ drilling in Potiguar Basin

Petrobras, Brazil's state-owned energy major, says the country's environmental agency has approved its request to drill for crude oil in the Potiguar Basin, in the northern Equatorial Margin. Drilling is scheduled to begin in the next few weeks.

Mexico’s imports of Singaporean refined products hits record in Q3

Exports by Mexican energy major Pemex rise in August despite production hiccups

Pemex, Mexico’s state-owned energy major, saw its exports in August grow 17% over August 2022 as deliveries to Europe and the Far East rose healthily. The increase in exports came despite several challenges, including accidents at facilities.

AES sells minority stakes in Panamanian, Dominican assets to Grupo Linda and subsidiary

US-based AES plans to expand its partnership with Grupo Linda, a company based in the Dominican Republic, through the sale of minority stakes in its Dominican and Panamanian assets.

Guyana’s first Payara crude to be loaded in November, S&P reports

Guyana’s first Payara Gold crude is on schedule to be loaded in November, a program obtained by S&P Global Commodity Insights revealed. Production is expected to commence by the end of the year, following the launch of the project’s FPSO vessel.

ExxonMobil, Hess exit Kaieteur block offshore Guyana

ExxonMobil Guyana is withdrawing from the group formed to explore Kaieteur, a deepwater block located off the coast of Guyana. It will cede its 35% stake to two of its partners, Ratio Petroleum of Israel and Cataleya Energy of Canada.