LatAmOil - Latin America Oil & Gas

LatAmOil: BP affiliate to market Guyanese oil in 2023

Guyana’s government has granted a subsidiary of BP (UK) the right to market its share of crude oil extracted from the Liza-1 and Liza-2 oilfields at the offshore Stabroek block in 2023.

US grants Chevron partial waiver from sanctions on Venezuela

The US Treasury Department has given Chevron limited authorisation to resume oil production in Venezuela.

Massa says Argentina’s government is drawing up new LNG export bill

Argentina's government is drawing up new legislation with the aim of fostering the establishment of LNG export infrastructure and terminals.

OPEC output drops in November after cut pledged

Petrobras completes transfer of 5% stake in Búzios oilfield to CNOOC subsidiary

Petrobras has completed the transfer of a minority stake in Búzios, an offshore oilfield in the pre-salt zone of the Santos basin, to a subsidiary of China National Offshore Oil Corp. (CNOOC).

Pemex imports more fuel in October as refinery throughput and motor fuel output rise

Mexico’s national oil company Pemex has reported that it imported more petroleum products in October, even as it saw refinery throughput and motor fuel output rise.

BP subsidiary to market Guyanese oil in 2023

Guyana’s government has granted a subsidiary of BP (UK) the right to market its share of crude oil extracted from the Liza-1 and Liza-2 oilfields at the offshore Stabroek block in 2023.

Norway’s Kanfer Shipping will supply ships for Nimofast’s LNG hub in Paraná state

Norway’s Kanfer Shipping has agreed to support Nimofast Brasil, a trading company based in Curitiba, in its efforts to establish an LNG hub for small- and medium-scale buyers on the Brazilian coast.

BP launches gas production at Cassia C

BP (UK) announced on November 29 that its subsidiary BP Trinidad and Tobago (bpTT) had begun extracting natural gas from Cassia C, an offshore facility installed about 56 km south-east of Trinidad.

APA and TotalEnergies find no commercial reserves at Awari prospect offshore Suriname

US-based APA Corp. said it had not found oil or gas in Awari-1, an exploration well drilled in the north-western corner of the Block 58 licence area offshore Suriname.

Hess expects ExxonMobil to focus on exploring Stabroek’s deeper intervals for oil

ExxonMobil’s focus in Guyana in 2023 and the first half of 2024 is likely to be exploration of the deeper layers of the Stabroek block.

CGX, Frontera reiterate commitment to drilling Wei-1, say well will be spudded by January 31

CGX Energy and its parent company Frontera Energy have confirmed that they intend to move forward with the drilling of Wei-1, their second exploration well at the Corentyne block offshore Guyana.

LatAmOil: EPA imposes new permitting requirement on USVI refinery

The US EPA has told the owner of the Limetree Bay Refinery in the US Virgin Islands (USVI) that it may not resume operations unless it first obtains a new comprehensive Clean Air Permit.

Petrobras: About to come down from a high point?

As Brazil marks an all-time high in production, Lula appears to be gearing up for major changes at Petrobras.

NFE, Pemex finalise strategic partnership agreement for Lakach gas project

US-based New Fortress Energy (NFE) has finalised an agreement with Mexico's Pemex on the development of Lakach, a deepwater natural gas field.

Washington could authorise Chevron to resume operations in Venezuela soon

Washington may authorise the US major Chevron to resume operations in Venezuela in the very near future, three sources familiar with the matter told Reuters on November 23.

Investigation indicates that companies with US ties are assisting Venezuelan fuel shipments

Two companies with ties to the US appear to be assisting Venezuela in transporting large amounts of petroleum products to the world market via an Iranian-built tanker.

Brazil’s gas re-injection volumes hit new record high in October

Brazil saw the volume of natural and associated gas re-injected into crude oil reservoirs rise to the record high level of 76.4mn cubic metres per day in October of this year.

National Energy Corp. of Trinidad and Tobago will attend conferences to promote energy services

State-owned National Energy Corp. of Trinidad and Tobago will participate in at least three major oil and gas summits next year in an effort to help the country’s energy services sector expand.

Mar del Plata branch CGT urges court system to overturn freeze on offshore seismic study

The Mar del Plata branch of Argentina’s General Confederation of Labour (CGT) has protested against Federal Judge Santiago Martin’s decision to suspend an offshore oil and gas exploration project.

Company sources say Pemex has been paying fines rather than meeting environmental standards

Mexico’s national oil company Pemex has been paying fines for violating environmental regulations rather than rectifying its underlying deficiencies, two senior company sources told Reuters last week.

Saudi, UAE ministers deny talks of output increase

EPA says Limetree Bay refinery must meet new permitting requirement before resuming operations

The US EPA has told the owner of the Limetree Bay Refinery in the US Virgin Islands (USVI) that it may not resume operations unless it first obtains a new comprehensive Clean Air Permit.

ExxonMobil, Stabroek contractors have paid more than $700mn to Guyanese firms since 2015

ExxonMobil (US) and its contractors have paid more than $100mn per year on average to Guyanese suppliers since the announcement of its first crude oil find at Liza.

ANH head says Colombia’s government still deciding whether allow oil and gas deals

Colombia has not yet come to a final decision as to whether it would push forward with previously announced plans to block new oil and gas exploration deals.