LatAmOil - Latin America Oil & Gas

OVL eyes Argentina’s gas

ONGC Videsh Ltd (OVL), the overseas arm of India’s Oil and Natural Gas Corp. (ONGC), is showing interest in Argentina’s natural gas reserves.

ExxonMobil Guyana will assess potential of sites near Stabroek’s Ranger field in 2023

ExxonMobil will seek to determine the potential of sites near Ranger, an isolated oilfield discovered at the Stabroek block offshore Guyana, via this year’s drilling programme.

Oil workers’ union says Petrobras should change FPSO contract practices to boost local content

The Federation of Petroleum Workers (FUP) has criticised Brazil's Petrobras for its practices in ordering FPSOs, saying changes are needed to boost local content.

APA reports successful drilling and flow test at SPS-2 well offshore Suriname

TotalEnergies and APA Corp. have successfully completed the drilling and flow testing of the Sapakara South-2 appraisal well at Block 58 offshore Suriname.

Sergipe state to grant TAG tax break for pipeline linking its network to LNG terminal

TAG, Brazil’s largest natural gas transporter, will be granted a tax break for the construction of a pipeline that will connect its network to an LNG import terminal in the port of Sergipe.

LatAmOil: Perupetro to negotiate new exploration deals directly with investors

Progress toward Dragon gas deal

Trinidad and Tobago’s energy minister heads to Caracas less than three weeks after PM Rowley’s announcement of a US sanctions waiver

ATOME Energy, Cavendish set up green ammonia and fertiliser JV in Costa Rica

ATOME Energy has set up a new JV with Cavendish, the renewable energy arm of Costa Rica's Grupo Purdy, to develop green ammonia and fertiliser projects in Central America and the Caribbean.

RAMPS Logistics CEO hails US government’s decision to waive sanctions on Dragon gas project

Shaun Rampersad, the CEO of Trinidad and Tobago’s RAMPS Logistics, has hailed the US government’s decision to waive sanctions to permit the development of Venezuela's Dragon natural gas field.

Head of YPFB says Bolivia is in no danger of becoming a net gas importer

YPFB, the national oil company of Bolivia, has dismissed speculation about the possibility that the country might lose its status as an exporter of natural gas and become a net importer by 2030.

Mexico Pacific, ExxonMobil sign long-term supply deals for Saguaro LNG

Houston-based Mexico Pacific Ltd has agreed to supply a subsidiary of the US super-major ExxonMobil with LNG from a new plant it intends to construct in Sonora State.

Ecopetrol to continue investing in oil and gas despite expanding focus on renewables

Colombia’s Ecopetrol will continue to invest in oil and gas exploration and development, even as it expands its operations in the area of low-carbon energy, CEO Felipe Bayon says.

Perupetro ready to negotiate directly with investors for 31 new exploration licences

Peru’s national oil and gas concessionaire Perupetro has opened up 31 new exploration licences for investment and is prepared to negotiate directly with prospective partners.

Peru LNG reports exports up m/m in January

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, has reported that it saw LNG export volumes rise month on month in January 2023.

Iranian feedstock and expertise heading for Venezuela

ANCAP chief: Refinery remodelling will force Uruguay to import fuel in September-December

Uruguay's ANCAP will have to import petroleum products during the last four months of the year while its only refinery is remodelled.

Frontera estimates total cost of Wei-1 well at $160-170mn

Canada’s Frontera Energy has said it expects the cost of drilling Wei-1, the second exploration well at the Corentyne block offshore Guyana, to reach $160-170mn.

LatAmOil: AMLO pledges to help Pemex with bond payments

Prince Abdulaziz to maintain caution on production

Petrobras’ new CEO

With President Lula’s ally in charge, Brazil's national oil company Petrobras is likely to focus more on downstream operations.

Mexican government pledges to continue helping Pemex cover payments to bondholders

Mexico's government has responded positively to requests from the national oil company Pemex for assistance in covering financial obligations to holders of its securities.

Guyana to use World Bank loan funds to expand capacity for oil sector oversight

The government of Guyana revealed last week that it has allocated the sum of GYD500mn ($2.37mn) for improving its capacity for oversight and management of the oil and gas sector.

SPEC LNG seeks to assess gas market players’ interest in expansion of Cartagena import terminal

Sociedad Portuaria El Cayao (SPEC LNG), the operator of Colombia’s only LNG import terminal, is trying to assess the level of interest in proposals for expansion of the facility.

Ecopetrol CEO to step down on March 31

Colombia’s national oil company Ecopetrol is heading for a personnel change, as its CEO Felipe Bayón Pardo is set to step down from his post on March 31.

Petrobras finalises sale of Albacora Leste

Petrobras has completed the sale of Albacora Leste, a pre-salt field in the Campos basin, to a subsidiary of the privately-owned Brazilian company Petro Rio (PRIO).