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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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.
Lindsayca/CH4 JV begins drawing up vendor and supplier list for GTE project
The US-based Lindsayca/CH4 (LNDCH4) joint venture has officially launched the initial phase of its vendor and supplier identification process for Guyana’s GTE project.
Equinor exec says company hopes to boost Brazilian output more than five-fold in next 10 years
Norway’s Equinor is looking to boost its output in Brazil significantly over the next 10 years and will also focus on green energy initiatives, particularly offshore wind power, in that country.
Pemex reveals additional details of Zama development plan
Mexico’s national oil company Pemex has made additional details of its plan for development of the Zama oilfield available to the public.
Iran, Venezuela sign petrochemical deal
Iran and Venezuela signed a memorandum of understanding on Monday to increase co-operation in the petrochemical sector, improving an already close relationship in oil.
Trinidad to restart idled Atlantic LNG unit by 2027
Trinidad and Tobago has revealed it plans to restart Atlantic LNG’s idled liquefaction train one. Latin America’s top LNG exporter hopes to have the unit restarted by the end of the first quarter of 2027, Reuters reported on June 7.
ICC arbitrators rule in favour of Ecopetrol’s Reficar subsidiary in case against CB&I
A subsidiary of Colombia’s Ecopetrol will receive a settlement of over $1bn, as the ICC has ruled in its favour in an arbitration case against a contractor.
Young reaffirms T&T’s commitment to oil and gas
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has responded to criticism of fossil fuels by reaffirming support for continued development of hydrocarbon resources.
Iran, Venezuela oil contract details
On June 13, Iran and Venezuela signed three oil contracts for the reconstruction and renovation of petrochemical sites, the development of the Jose oil terminal, and the export and equipping of five gas pressure boosting stations.
Pemex raises gas flaring volumes at Ixachi despite previous pledges
Mexico’s national oil company Pemex has increased the volume of natural gas burned off at the Ixachi field despite its previous pledges to reduce flaring.
Wei-1BP1 well reaches TD at Corentyne block
Canada’s CGX Energy says Wei-1BP1, its bypass exploration and appraisal well at the Corentyne block offshore Guyana, has successfully reached the total depth of 6,233 metres.
Russia’s Novatek reported to have offered LNG technology to Argentina
Russia's Novatek reportedly offered to make technology available for an LNG project targeting fields in Argentina’s Vaca Muerta shale formation, but did not manage to strike a deal.
Iran’s Raisi pursuing solidarity of the sanctioned and trade deals on tour of Venezuela, Cuba and Nicaragua
Petrobras may reconsider bidding for Guyanese assets
Brazilian NOC may reverse earlier decision in light of IBAMA’s disappointing decision on Equatorial Margin drilling and Georgetown’s determined efforts to court investment.
Venezuela’s oil production up, exports down in May
Venezuela has reported crude production up slightly in the month of May, even as its oil exports appear to have declined to a more significant extent.
CNOOC Ltd reports launch of Buzios5 project in Santos basin
CNOOC Ltd said on June 1 that the fifth phase of development was underway at the shared portion of the Búzios oilfield offshore Brazil.
Rystad comments on Vaca Muerta’s potential to see oil output reach 1mn bpd
The Norwegian energy consultancy Rystad Energy has stated that production levels at Argentina’s Vaca Muerta shale formation could reach 1mn barrels per day by 2030.
Challenger Energy begins farming out stake in Uruguayan block
Challenger Energy Group (UK) has initiated a farm-out process for its stake in AREA OFF-1, a shallow-water block located offshore Uruguay.
Jagdeo: Guyana working to convince Brazil to participate in offshore licensing round
Guyana’s government is working to convince Brazil to reverse its decision to decline the opportunity to participate in its neighbour’s ongoing offshore bidding round.
New Fortress Energy granted Mexico export permit for Altamira Fast LNG facility
US energy firm New Fortress Energy (NFE) was granted an export licence on June 2 by Mexico’s Ministry of Energy for the company’s Altamira Fast LNG facility, Offshore Energy reports.
Peru LNG reports exports down sharply in May
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, reports that its LNG export volumes declined by nearly a third month on month in May 2023.
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