LatAmOil - Latin America Oil & Gas

ExxonMobil Guyana considering bidding for additional assets offshore Guyana

ExxonMobil Guyana is considering submitting bids for some of the 14 blocks included in Guyana’s offshore bidding round.

Trinidad and Tobago receives 16 bids for 8 onshore, near-shore blocks

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has received bids for eight of the 11 blocks included in the onshore and near-shore bidding round launched last year.

Whiptail named as target for sixth development project at Stabroek

ExxonMobil Guyana has named the Whiptail oilfield as the main target of its sixth development project at the Stabroek block.

LatAmOil: Security threat leads Petrobras to ramps up security at refineries

Brazil’s state-owned Petrobras ramped up security measures at refineries after learning of threats against its assets, company sources said on January 8.

Expansion agenda at Stabroek

ExxonMobil will move closer to making an FID on the Uaru project in Guyana this year and could make headway on its sixth and seventh development projects.

Guyana’s EPA says no environmental study needed for GTE project’s TPP

Guyana's Environmental Protection Agency will not require an environmental impact assessment for the construction of a 300-MW power plant for its gas-to-energy (GTE) project.

RdK says negotiations on Isla refinery deal have stalled over questions about documentation

Curacao’s Refineria di Korsou (RdK) says negotiations on a deal for the Isla oil-processing plant have stalled due to questions about the documentation submitted by prospective investors.

Venezuelan oil exports down in 2022

Venezuela saw crude oil exports decline in 2022 despite receiving assistance from its ally Iran, according to shipping data and documents cited by Reuters.

APA details work with Suriname, Guyana to prepare for oil spill response operations

US-based APA Corp. said in its newly released 2022 Sustainability Report that it was taking steps to help Suriname prepare to reduce the risk of oil spills once the country’s offshore fields begin production.

Guyana’s oil fund ends 2022 with balance of $1.38bn

The Bank of Guyana has revealed that the country’s Natural Resource Fund ended 2022 with a balance equivalent to about $1.38bn.

Petroecuador launches airlift campaign to supply Block 16 in the face of protests, roadblocks

Petroecuador has launched an airlift campaign to ensure steady deliveries of essential supplies to Block 16 in the face of roadblocks by an indigenous community.

Pemex still in talks with Finance Ministry on support for debt payments, CEO says

Mexico’s national oil company Pemex is still in discussions with the government on options for covering the cost of upcoming payments on its securities, CEO Octavio Romero Oropeza said.

Brazil’s oil and gas production sinks below 4mn boepd in November

Brazil’s hydrocarbon production dropped to 3.978mn barrels of oil equivalent per day in November 2022.

Petrobras incoming CEO says he won’t directly intervene in domestic fuel pricing

Jean Paul Prates, the incoming CEO of Brazil’s national oil company Petrobras, has indicated that he will change fuel pricing policies but will not directly intervene in domestic markets.

Petrobras ramps up security at refineries following reports of security threats

Petrobras has reportedly taken the precautionary measure of ramping up security measures at its refineries after learning that threats have been made against its assets.

LatAmOil: Chevron prepares to resume Venezuelan oil exports

The US oil company Chevron is reportedly preparing to resume shipments of Venezuelan crude oil after a hiatus of nearly four years.

MEEI confirms plan to negotiate with BP, Shell on revision of bids for deepwater blocks

Trinidad and Tobago is preparing for talks with BP and Shell of the UK on revising the terms of the offers submitted for four of the blocks included in last year’s deepwater licensing round.

Young says oil and gas generated more than half of T&T’s revenues in 2022

Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has said that the oil and gas industry accounted for more than half of all the revenue generated by the country in 2022.

AMLO says Olmeca refinery will start operating at 170,000 bpd in July 2023

Mexico's Pemex is reportedly on track to see the Olmeca oil refinery operate at 50% of its full design capacity of 340,000 bpd in H2-2023.

Barbados postpones 2022 Licensing Round again

The Ministry of Energy and Business of Barbados has once again pushed back the start date for its next offshore licensing round.

LatAmOil: Guyana begins accepting bids in deepwater licensing round

Lula’s new line-up

Brazil’s leftist president names new energy minister and Petrobras CEO.

US government authorises Sempra to re-export gas from LNG terminals on Mexico’s Pacific coast

US-based Sempra Energy recently secured authorisation from the US government to pump natural gas by pipeline to Mexico for re-export as LNG.

ABPIP comments on investment trends in Brazil’s onshore sector

Brazil's small- and medium-sized oil firms are expected to invest BRL40bn ($7.4bn) in onshore fields by 2029.

Pemex sees ESG challenges affecting future funding efforts

Mexico's Pemex has expressed concern about its ability to uphold pledges to transition from fossil fuels to renewable energy, saying that future efforts to raise funding may hinge on ESG issues.