LatAmOil - Latin America Oil & Gas

LatAmOil: Petrobras eliminates import parity pricing for domestic fuel sales

Lula’s dilemma in Foz do Amazonas

While Lula sees Petrobras’ plans for the Equatorial Margin as a means of fostering economic development in north-eastern Brazil, part of his administration is blocking exploration efforts.

New candidate for Ecuadorean presidency says he is ready to re-evaluate oil and gas contracts

Fernando Villavicencio, a candidate in Ecuador's presidential election, says he will re-evaluate contracts with foreign oil and mining companies.

Guyana’s government authorises creation of dedicated oil and gas audit agency

Guyana's government has authorised the creation of a dedicated oil and gas audit agency to ensure effective oversight of expenses related to the development of the Stabroek offshore block.

YPF sees oil imports rising in Q3 2023

Argentina’s YPF expects to see crude import volumes rise in the third quarter of this year.

Shell, Chevron exit two Cuenca Salina blocks

Mexico's CNH says Shell (UK) and Chevron (US) are withdrawing from two deepwater blocks projects after conducting unsuccessful exploration programmes.

Petrobras eliminates import parity pricing for domestic fuel sales

Brazil’s Petrobras has replaced its existing domestic pricing policy for gasoline and diesel, known as import parity, with a new commercial strategy.

CCS Brasil director says country could earn up to $20bn per year from carbon capture and storage

Isabela Morbach, the co-founder and director of CCS Brasil, said last week that Brazil had the potential to earn as much as $20bn per year from carbon capture and storage (CCS) projects.

Argentina to reverse flow of pipeline used to import gas from Bolivia

Argentina is reportedly set to solicit bids for reversing the flow of the pipeline that it has been using to import natural gas from Bolivia.

Guyana’s VP confirms decision not to require separate EIA for GTE project’s power plant

Guyana's EAB upholds the decision of the country's EPA not to require a separate environmental study for a power station that will be built within the framework of the $1.8bn gas-to-energy project.

Petrobras investing in energy transition projects outside Brazil

Petrobras, the national oil company of Brazil, is carrying out a number of energy transition projects outside its home country.

Perenco completes hookup operations for Pargo FSO

Perenco (UK/France) had successfully completed hookup operations on the Pargo floating storage and off-loading vessel offshore Brazil.

LatAmOil: Ecopetrol CEO reverses course and endorses new exploration

Pimco explains decision to limit exposure to Pemex securities

Pimco, a US-based investment management firm, is limiting exposure to Mexico’s Pemex out of concern that government support for the company will not outlast the current government.

Brazil’s Federal Court of Accounts finds no irregularities in LUBNOR, SIX sales

Brazil’s Federal Court of Accounts (TCU) says it has found no evidence of irregularities in the recent sale of two downstream units, SIX and LUBNOR, by Petrobras.

Chevron aims to boost oil production in Venezuela

Chevron is expected to see oil production rise in Venezuela following the launch of an upstream campaign involving its joint ventures with PdVSA.

Venezuela set to issue Eni and Repsol LNG export licences

Venezuela is likely to issue export licences in June to Eni and Repsol, which would grant the European companies the right to transport from the country, Venezuela’s Oil Minister Pedro Tellechea told Bloomberg on May 13.

Scuffle over Stabroek oil spill insurance continues

Guyana’s government comes out swinging in defence of its position on insurance coverage against offshore spills and environmental incidents.

Second US-based investment firm considering offer for Brazil’s Ocyan

Oaktree Capital Management, a US-based investment firm, is considering an offer for Brazil’s Ocyan, a marine services provider that supports offshore oil and gas projects.

Pemex reportedly in advanced talks on purchase of Monterra Energy’s Tuxpan terminal

Mexico's Pemex is currently engaged in advanced discussions on the purchase of a fuel import and storage terminal from its US-based owner Monterra Energy.

Petrobras moving towards overhaul of domestic fuel pricing policy

Brazil’s Petrobras is edging closer to revamping its domestic pricing policy for gasoline and diesel.

Excelsior FSRU begins operating at Bahia Blanca GasPort terminal in Argentina

Excelerate Energy's Excelsior FSRU has begun LNG import operations on a seasonal basis at the Bahia Blanca GasPort terminal in Argentina.

Ecopetrol CEO changes course, expresses hope for new exploration deals

Ricardo Roa, the CEO of Colombia’s Ecopetrol, hopes that his country’s government will not go through with plans to block new oil and gas exploration projects.

LNG bunkering JV gains momentum in Panama

Kanfer Shipping and CB Fenton have invited Melones Oil Terminal to join a JV that will be the first provider of LNG bunkering services on the Pacific side of the Panama Canal.

LatAmOil: Suriname signs PSCs for two offshore blocks with TotalEnergies