LatAmOil - Latin America Oil & Gas

German president says AMLO has offered assistance with LNG

Frank-Walter Steinmeier, President of Germany, said on September 20 that his Mexican counterpart Andres Manuel Lopez Obrador had offered to provide assistance in the realm of LNG supplies.

Ecopetrol seeks 90-day suspension of pilot fracking projects

Columbia’s Ecopetrol has asked ANH, the oil and gas regulator, to suspend its contracts for the Kale and Platero unconventional fields for 90 days in the face of mounting resistance from environmental groups.

Ecopetrol raises capacity of Reficar refinery

Colombia’s national oil company Ecopetrol has reportedly boosted throughput at its refinery in Cartagena and is preparing to expand capacity even further.

Argentina hopes $750mn investment will double Vaca Muerta oil transport capacity

Argentina's Oleoductos del Valle (Oldelval), the national oil pipeline operator, is prepared to invest $750mn in a project that will double the amount of crude oil coming out of the Vaca Muerta shale formation.

Petroecuador announces agreement with PetroChina on oil pricing

Ecuador’s national oil company Petroecuador announced on September 16 that it had struck a deal with PetroChina on the conditions of sale for dozens of cargoes of crude.

Guyana’s VP expects new oil and gas law to be passed by next March

Guyana’s government has begun the process of updating the country’s existing oil and gas law and hopes to adopt a new version in the near future, Vice President Bharrat Jagdeo said last week.

LatAmOil: Trinidad and Tobago’s PM seeks more leverage over gas strategy

Keith Rowley, the prime minister of Trinidad and Tobago, wants his country’s government to have more say in decisions about exploration, production and development strategies in the natural gas sector.

Venezuela announces delivery of third Iran-built oil tanker

Norway’s Yara International seen closing in on deal for Petrobras’ fertiliser unit

The Norwegian chemical company Yara International is close to acquiring UFN-III, a fertiliser production unit that has been put up for sale by Brazil’s state-owned oil giant Petrobras.

No quick start for Lakach project

Pemex has said it hopes the Lakach gas field might start production as early as next year, but recent developments at CNH make this outcome unlikely.

Ecuadorean government, indigenous communities sign deal on 12-month suspension of oil licences

Ecuador’s government has signed an agreement with the leaders of indigenous communities on the suspension of licensing for 15 oil and gas exploration blocks in the Pastaza and Morona Santiago provinces for one year.

Budget committee chair: Mexican government will continue providing extra funding to Pemex

Mexico’s government will continue to provide extra funding in the national oil company Pemex next year but may revise its forecast for crude prices upward, a legislator has said.

AMLO reports agreement with Valero over inflated fuel import invoices

Mexican President Andres Manuel Lopez Obrador says his government has ironed out disagreements with the US-based refiner Valero Energy over inflated invoices for petroleum product imports.

PM says Trinidad and Tobago should have more leverage over gas development strategy

Keith Rowley, the prime minister of Trinidad and Tobago, wants the government to have a greater say in decisions about exploration, production and development strategies in the natural gas sector.

OCP Ecuador asks government to extend 20-year operating contract

OCP Ecuador, the privately-owned consortium that owns and operates Ecuador’s Heavy Crude Pipeline (OCP) system, is seeking to extend its contract beyond contract beyond January 2024.

Iran plans to construct oil refineries in Venezuela and Uruguay says lawmaker

Staatsolie aiming for operatorship of shallow-water blocks, VP says

Suriname’s national oil company Staatsolie has set the goal of leading development work at shallow-water blocks, according to Glenn Corrie, the state-owned firm’s vice president for offshore operations.

Lula reportedly mulling proposals for reversing refinery privatisation

Advisors to Luiz Inacio Lula da Silva, the top-polling candidate in Brazil’s upcoming presidential election, have mooted the idea of reversing the privatisation of refineries previously owned by Petrobras.

Pemex partially confirms report on methane emissions at Zaap oilfield in December

Mexico's Pemex has partially confirmed a report on methane leaks at the Ku-Maloob-Zaap oilfields in the southern Gulf of Mexico but says the total amount of gas released was smaller than researchers estimated.

LatAmOil: Petrobras considers offering CCS services to third parties

Brazil’s national oil company Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.

Satellite data reveals additional methane leaks at Zaap oilfield in August

European researchers have gathered evidence of another large methane leak at Ku-Maloob-Zaap, a cluster of oilfields operated by Mexico’s national oil company (NOC) Pemex.

Argentina offers to help “fuel the world”

Argentina is talking once again about its potential to become an oil and gas exporter, but it is not in a position to realise its ambitions just yet.

Head of Guyana’s central bank sees oil revenues topping $1bn this year

Gobind Ganga, the governor of the Bank of Guyana, said on September 5 that the country was on track to collect more than $1bn in oil export revenue this year.

Petrobras considers possibility of expanding CCS programme to include third-party services

Brazil’s Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.

Chevron asks US government to expand scope of exemption from Venezuelan sanctions

The US major Chevron has asked Washington to expand the scope of its exemption from sanctions barring investment in Venezuela’s oil industry, sources with knowledge of the matter told Reuters last week.