LatAmOil - Latin America Oil & Gas

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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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CEO says Ecopetrol will expand drilling in 2020-2022 period

27 February 2020

Felipe Bayon, the CEO of Colombia’s national oil company (NOC) Ecopetrol, has said that his company hopes to step up its drilling activity over the next two years.

Argentina preparing to lift gas price freeze later this year

27 February 2020

Argentina’s government is looking to remove controls on natural gas and electricity prices later this year, according to Production Minister Matías Kulfas.

Pemex reports major onshore oil discovery at Kuxum

27 February 2020

Pemex, the national oil company (NOC) of Mexico, has reportedly discovered a huge new deposit of crude oil and natural gas in Veracruz State.

Shell keen to proceed with drilling work at deepwater Mexican blocks

27 February 2020

The Mexican subsidiary of Royal Dutch Shell intends to move forward with its deepwater drilling campaign in the Gulf of Mexico but does not expect to bring any new fields on stream under the current presidential election.

Centrica, CELSE commission LNG import terminal in Sergipe

27 February 2020

UK-based Centrica and its local partner Centrais Elétricas de Sergipe (CELSE) have commissioned a new LNG import terminal in Sergipe, Brazil. The terminal is Brazil’s first privately owned LNG import facility.

Stabilis Energy plans small-scale LNG plant in Monterrey

27 February 2020

Houston-based Stabilis Energy has applied for a permit to build a small-scale gas liquefaction facility in the north-eastern Mexican city of Monterrey.

Mexico keeps mum on oil hedge

27 February 2020

Mexico's Finance Ministry has reiterated its determination to keep details of the annual oil hedging programme under wraps.

US company signs gas-to-power deal in Nicaragua

20 February 2020

The US company New Fortress Energy (NFE) has agreed to supply LNG to Nicaragua as part of a long-term gas-to-power project worth $700mn.

Eni and partners report oil discovery at Saasken prospect offshore Mexico

20 February 2020

Italy’s Eni and its partners have reported the discovery of new crude oil reserves at Saasken, a prospect within Block 10 offshore Mexico.

Head of Pemex outlines new rules for awarding oilfield service contracts

20 February 2020

Mexico’s national oil company (NOC) Pemex appears to have introduced a new procedure for awarding oilfield service contracts related to high-priority upstream projects.

Venezuela reportedly sending more fuel to Cuba

20 February 2020

Venezuela’s national oil company (NOC) PdVSA has stepped up tanker shipments to Cuba in a bid to alleviate shortages of refined fuels in the latter country.

ConocoPhilips to begin exploring Vaca Muerta blocks this year

18 February 2020

ConocoPhilips said last week that it would begin exploration work later this year at several licence areas in Argentina

I Squared Capital takes stake in Colombia’s Ocensa crude pipeline

18 February 2020

Florida-based investment manager I Squared Capital has acquired a minority stake in Colombia’s Oleoducto Central SA (Ocensa) crude oil pipeline from Advent International, a Boston-based private equity firm, for an undisclosed sum.

Guyana prepares to export first cargo of Liza crude

18 February 2020

Guyana is reportedly gearing up to export its first cargo of crude oil from the Liza section of the Stabroek offshore block.

Venezuela backs OPEC proposal to cut crude output

18 February 2020

Venezuela recently declared its support for an advisory panel’s recommendation that OPEC and its allies reduce crude oil output by 600,000 barrels per day.

Further down the chain

17 February 2020

Exmar’s troubles with Tango FLNG highlight the potential for coronavirus to cause trouble in every corner of the oil and gas industry.

Peru LNG reports exports down in January

17 February 2020

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes decline year on year in the first month of 2020.

ExxonMobil arranges to use Noble drillships in Guyana-Suriname Basin

13 February 2020

Noble, a UK-based offshore drilling contractor, has won a contract from the US super-major ExxonMobil for work in the Guyana-Suriname Basin offshore South America.

Brazilian-Mexican JV begins importing US-produced ethane

13 February 2020

Braskem Idesa SAPI, a joint venture formed by two Latin American firms, has reportedly begun taking delivery of US-produced ethane at its Nanchital petrochemical complex in the Mexican state of Veracruz.

CNH ready to intervene in Zama dispute

13 February 2020

Talks on the fate of the Zama oilfield appear to be stalling, and CNH may be asked to intervene.

Brazil’s Odebrecht takes Peru to arbitration over $2bn pipeline

13 February 2020

The Brazilian construction company Odebrecht is taking the Peruvian government to arbitration court over a failed $2bn investment in Gasoducto Sur Peruano (GSP), a $6bn natural gas pipeline project.

Former Petrobras trader concludes plea bargain agreement with prosecutors

13 February 2020

A former oil trader at the Brazilian state-run energy major Petrobras has reportedly signed a plea bargain agreement with Brazilian prosecutors who are investigating bribery allegations at the firm.

Shell, Equinor take 49% stake in Vaca Muerta block

13 February 2020

Anglo-Dutch major Royal Dutch Shell and its partner, the Norwegian energy firm Equinor, recently completed their joint acquisition of a 49% interest in the Bandurria Sur onshore block, located in Argentina’s Vaca Muerta shale basin.

GeoPark makes new gas discovery in Chile’s onshore Fell block

13 February 2020

Independent oil and gas explorer GeoPark has reported the discovery of new natural gas reserves at Jauke Oeste, a new field within Chile’s onshore Fell block.

Frontera makes first gas discovery in Colombia’s Lower Magdalena Valley

13 February 2020

Canada’s Frontera Energy and its partner Parex Resources have made their first natural gas discovery in Colombia’s Lower Magdalena Valley.

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