LatAmOil - Latin America Oil & Gas

Brazil's regulator ANP updates gas regulatory agenda

Brazil's oil and gas regulator ANP added to its regulatory agenda items concerning gas release regulations and the criteria for transportation pipelines. It also set back conclusion dates for another 14 existing items.

Russia on course to overtake US as Brazil’s top fuel supplier

Exports to Brazil are set to surge by 25% in August compared to the previous month to around 235,000 barrels per day, which could help Russia overtake the US as Brazil’s top foreign fuel supplier.

Brazil’s Petrobras expects to continue producing oil for four decades

A Petrobras executive has said the Brazilian state-owned energy major could be producing oil for the next four decades, while increasing green energy investments.

Mexico to rely on fossil fuels until 2060, energy ministry says

Japan’s MODEC’s FPSO Anita Garibaldi achieves first oil in Brazil

Brazil’s attorney general eases Petrobras’ path to explore the Foz do Amazonas basin

Brazil’s government may have lifted one of the key hurdles for Petrobras to drill at an offshore region considered to be the country’s most promising area for oil exploration, the Foz do Amazonas basin.

Guyana tops economic-growth chart on the back of oil industry growth

Guyana tops a list of the 20 countries with the highest economic growth over the past five years, says an assessment by Insider Monkey. Since 2018, it has experienced an average annual GDP growth of 27.14%, primarily boosted by oil exploration.

Massy Holdings completes acquisition of Jamaican LPG distributor

Trinidad and Tobago’s Massy Holdings has wrapped up the acquisition of Industrial Gases Ltd (IGL), a Jamaican firm that distributes LPG.

Marubeni, PERU LNG and Osaka Gas to start Pre-FEED study for Peru e-methane project

Marubeni, PERU LNG and Osaka Gas have signed a collaborative agreement to initiate a preliminary-front end engineering and design study for a project to produce e-methane from green hydrogen and carbon dioxide in Peru.

Four VPs abruptly quit Colombia’s Ecopetrol

‘Giant step’ as Ecuadorians vote ‘yes’ in referendum to ban oil drilling in Amazon national park

Argentinian government brokers deal to freeze fuel prices

Following talks with Argentina's leading oil companies, including the state-owned YPF, Economy Minister Sergio Massa said fuel prices will be frozen until October 31. Exchange rates for the nation’s currency will also not rise.

Guyana government called upon to conduct feasibility study on nation's first oil refinery

The Alliance For Change has called upon the government of Guyana to conduct a feasibility study for the nation’s maiden oil refinery. so as to avoid a wasted investment.

Brazil on track to import record amount of Russian fuel this month

Brazil is on track to import record hig.h volumes of Russian petroleum products this month.

Pemex and Shell face up to $1mn fine each for fire at Texas’ Deer Park refinery

Brazil's Petrobras refineries increase gasoline price by 16,17%, diesel by 26%

Oil prices frozen by Argentinian government

Argentina has frozen its oil price at US $56 per barrel in an effort to suppress inflation following the devaluation of the South American nation’s currency by the central bank. Crude drillers in Vaca Muerta will receive US $56 per barrel.

Brazil aims to introduce carbon emissions cap

Venezuela's oil production surges despite sanctions, OPEC data shows

OPEC has spotlighted a remarkable 10.65% surge in Venezuelan oil production from February to August of this year. Venezuela's state-owned oil company, PDVSA, recently announced its ability to meet 100 percent of the country's gasoline demands.

Venezuela appeals Citgo share auction by turning to US supreme court

Venezuela is frantically trying to curtail the pool of eligible participants in a US court-mandated auction of shares in the parent company of Citgo Petroleum. The petition faces long odds.

Brazil’s state-owned PPSA sells 500,000 barrels of oil to Equinor

Brazil’s PPSA has sold to Norway's Equinor a 500,000-barrel load from the Atapu field in the pre-salt reserves at the Santos Basin. Six companies were signed up to participate in the process, but only Equinor and Petrobras submitted bids.

Shell notifies Brazil’s regulator of natural gas discovery in Campos Basin’s pre-salt

Shell has notified the Brazilian regulator the National Petroleum Agency about the discovery of signs of natural gas at nearly 3,000 metres depth in the Campos Basin.

Former Environment Minister Frank Pearl to head Colombian Oil and Gas Association

The Colombian Oil and Gas Association says its new president, Frank Pearl, will promote the “constructive social dialogue necessary for Colombia to achieve the sustainable energy future that Colombians require.”

LatAmOil: Suriname avoids default by pledging to share future oil profits

US’s New Fortress Energy expects to launch Brazil’s Barcarena FSRU terminal in Q4

New Fortress Energy is expecting to launch its Barcarena floating storage regasification unit (FSRU) in the fourth quarter. Besides an FSRU, the terminal includes a jetty, a three-kilometre pipeline, and a gas conditioning station.