LatAmOil - Latin America Oil & Gas

Petronas awaits final decision on new Argentinian LNG law

Malaysia’s state-run energy firm Petronas is watching closely developments in Argentina’s Congress of the country’s draft LNG law, which is aimed at giving a jolt to the nation’s LNG sector.

Saudi, Russian oil cuts rolled over until year-end

Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.

Petrobras delegation to visit Bolivia as it considers new investments

Executives from Brazil’s Petrobras are due to visit Bolivia for meetings with government officials in the coming days. The company has exploratory commitments to be fulfilled if environmental licences are granted.

Peru LNG sees export volumes drop in August due to maintenance

Peru LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes drop slightly more than 36% m/m in August 2023.

Venezuela welcomes first naphtha shipment from Eni and Repsol amid domestic shortages

Repsol seeks Kanuku Block licence renewal, VP of Guyana confirms

The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that Spanish oil company Repsol's licence for the Kanuku Block has expired, adding that the company is seeking a renewal.

Venezuela’s PDVSA bonds see 160% jump ahead of Citgo court-mandated sale

LatAmOil: US says Eni, Repsol can make oil-for-debt deals with PdVSA

Suriname and Guyana move to establish Bilateral Chamber of Commerce

The Suriname-Guyana Chamber of Commerce will mark a new stage in cooperation between two countries that are in the process of boosting their oil development by tapping into the Guyana-Suriname Basin, an area with major exploration potential.

Guyana announces unprecedented 14-block oil auction

he Ministry of Natural Resources has put both shallow-water and deepwater blocks up for auction in an attempt to catapult the South American country toward its economic goals by satisfying a growing global demand for high-quality low-carbon barrels.

Mexico’s hydrocarbons regulator greenlights exploratory Nojol-1 well

The CNH, Mexico’s hydrocarbons regulator, has authorised PEP to drill the Nojol-1EXP exploratory well. The objective is to discover a commercially viable accumulation of light oil in fractured carbonate rocks.

Head of Bolivia’s YPFB says company trying to reverse decline in gas reserves

Brazil’s oil and gas production hits another record high in July 2023

Brazil’s hydrocarbon production marked yet another month-on-month rise in July 2023 and reached the record-high level of 4.482mn boepd.

Argentina set to replace Bolivian gas with its own shale gas

Argentina has inaugurated a pipeline connecting a massive shale gas deposit in central-western Argentina to consumers in the province of Buenos Aires.

Woodside secures CNH’s approval for Trion FDP

Australia’s Woodside Energy has secured regulatory approval for its plan to develop Trion, an ultra-deepwater site located off the coast of the Mexican state of Tamaulipas.

Milei’s plans for YPF

Libertarian Javier Milei’s surprise win in Argentina’s August 13 primary elections raises questions about whether the government will retain control of the NOC.

ExxonMobil says world will fail to meet Paris goal in 2050

Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.

Colombia cancels tender for Pacific LNG regasification project

The competitive bidding process for Colombia's proposed Pacific LNG regasification project has been invalidated due to insufficient interest, the government’s Mining and Energy Planning Unit (UPME) announced on August 28.

Venezuelan President Maduro appoints new PDVSA board, confirms Tellechea as chief

The government of Nicolás Maduro formally announced on August 28 the freshly constituted board of directors for the state-owned oil behemoth Petróleos de Venezuela (PDVSA), while also reaffirming Pedro Tellechea as the company's president.

Washington allows Eni and Repsol to strike ‘oil-for-debt’ deal with Venezuela’s PDVSA

Italy’s Eni and Spain’s Repsol, two leading European oil companies, have unveiled ambitious plans to broaden an oil-for-debt arrangement with Venezuela – a move that appears to have secured the blessings of US authorities.

Four companies show interest in Peru petrochemical project

Peru's Economy and Finance Minister Alex Contreras announced on August 29 that four companies have expressed interest in the construction of a petrochemical facility in the southern region of the country, reported Andina.

Dominican Republic seeks oil refinery deal with Guyana

The Dominican Republic is looking to build an oil refinery in Guyana. Dominican Energy Minister Antonio Almonte claims that this plan is crucial to the country’s plan to boost its energy security.

US oil trader hit again in Petrobras bribery case

President acknowledges nine-year slump in Bolivia’s gas production

Data from state energy company Yacimientos Petrolófilos Fiscales Bolivianos (YPFB) show Bolivia’s natural gas production peaked at 59.6mn cubic metres per day in 2014 but by the end of 2022 it had dropped to just 41.3 mcm per day.

Brazil’s Petrobras signs closing of Golfinho, Camarupim clusters

Petrobras has concluded the transfer to BW Energy Maromba do Brasil of its entire stake in the Golfinho Cluster and Camarupim Cluster maritime concessions located in the post-salt in the Espirito Santo Basin.