LatAmOil - Latin America Oil & Gas

Jagdeo says four companies shortlisted for Guyana’s modular refinery project

Guyana remains committed to plans for building a modular oil refinery and has shortlisted four of the companies that responded to its Request for Proposals (RFP) for the project.

ANCAP awards Challenger licence for AREA OFF-3 offshore Uruguay

Challenger Energy Group (UK) has secured a licence for AREA OFF-3, a block in the Pelotas basin offshore Uruguay.

LatAmOil: Bolivia’s natural gas exports to Argentina sink in May

Guyana’s evolving gas plans

As interest in the Stabroek block’s gas reserves picks up, Georgetown is taking steps to lay a legal foundation for joint development projects with Suriname.

ExxonMobil, Guyana reportedly negotiating terms of relinquishment for up to 20% of Stabroek

ExxonMobil (US) and Guyana are currently engaged in discussions regarding the return of unexplored sections of the Stabroek offshore block to government ownership.

Pemex budgets nearly $20mn for “Energy Train” upgrade scheme at Madero refinery

Mexico’s national oil company Pemex has reportedly budgeted MXP338mn ($19.7mn) to cover the cost of upgrade work at the Francisco I. Madero refinery in Tamaulipas State.

Guyana’s draft petroleum law aims to prevent government officials from owning oil and gas blocks

Guyana's draft Petroleum Activities Bill contains anti-corruption provisions that are designed to prevent government officials and their family members from owning a petroleum licence.

Petrobras launches $1.25bn securities issue

Brazil’s national oil company Petrobras has returned to global debt markets for the first time in two years via the launch of a $1.25bn debt issue.

CGX, Frontera report new discovery at Wei-1

Canada’s CGX Energy and its joint venture partner Frontera Energy have discovered additional hydrocarbons in Wei-1 well, the second exploration well drill at the Corentyne block offshore Guyana.

Bolivian gas exports to Argentina down more than 50% y/y in May

Bolivian natural gas deliveries to Argentina were down by more than 50% year on year in May, according to official data.

Warm weather could leave Argentina with surplus of LNG this winter

Argentina is facing a potential surplus of LNG due to an unusually warm winter in the Southern Hemisphere.

Prates says Petrobras is gearing up to resume work on UFN-III plant

Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, says his company will resume work soon on a large-scale nitrogen fertiliser plant in Tres Lagoas.

Ocean Point, NFE begin carrying out STS LNG transfers at St. Croix docking facilities

New Fortress Energy (NFE) and Ocean Point Terminals have begun carrying out ship-to-ship (STS) transfers of LNG operations at the latter company’s docking facilities in St. Croix.

LatAmOil: President Nestor Kirchner Gas Pipeline launched in Argentina

ExxonMobil’s next steps in Guyana

ExxonMobil appears to be more interested in making a thorough study of Stabroek than in bidding for new offshore assets.

Venezuela selects three projects to promote gas development, report says

Venezuela is looking to accelerate development of the country’s natural gas industry and has identified three projects as the best means of achieving this goal.

Woodside makes FID on ultra-deepwater Trion project

Australia’s Woodside Energy has taken a final investment decision to proceed with development of Trion, an ultra-deepwater field located off the coast of the Mexican state of Tamaulipas.

Argentina launches President Nestor Kirchner Gas Pipeline

Argentina hit a milestone on June 20 as it began loading natural gas into a new pipeline built to handle production from the Vaca Muerta shale formation.

Colombia’s finance minister says no immediate halt to oil, coal exports

Colombia’s Finance Minister Ricardo Bonilla says the country will continue extracting fossil fuels for an extended period of time, until it could establish reliable alternative sources of revenue.

Bank analysts more upbeat on Petrobras share price projections as Lula clarifies policy agenda

Several major global banks have upgraded share price projections for Brazil’s Petrobras after concluding that the Lula administration is not likely to alienate investors as much as some observers feared.

Uruguay outlines green hydrogen ambitions

Uruguayan President Luis Lacalle Pou says his government intended to invest a total of $4bn in renewable energy and green hydrogen projects.

Pemex reports petroleum product imports down in April

Mexico’s national oil company Pemex saw imports of petroleum products – including gasoline, diesel and jet fuel – decline in April.

Petroperu negotiating with new oil suppliers for Talara refinery

Peru’s national oil company Petroperu is negotiating with crude producers in the Americas and Asia on new crude supply contracts for the Talara refinery.

YPFB identifies Vitiacua as gas exploration target

Bolivia’s YPFB has identified a significant exploration opportunity in the Vitiacua region of the country, which may hold as much as 2 trillion cubic feet (56.6bn cubic metres) of natural gas.

China’s Bomesc to provide topsides integration services for FPSO Errea Wittu

Bomesc Offshore Engineering, a Chinese marine engineering equipment supplier, has agreed to provide topsides integration services for the Errea Wittu, the FPSO vessel that will support the Uaru development project offshore Guyana.