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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Olmeca refinery project hit by additional delays
Pemex's Olmeca refinery is now to begin operating toward the end of 2023, not on July 1 as planned.
Brazilian gas producers, consumers square off with pipeline operators over tariff calculation rules
Producers and consumers of natural gas in Brazil are pushing for updates to the rules governing the calculation of pipeline transportation assets and capacity usage tariffs.
Mexico Pacific, Zhejiang Energy sign long-term supply deal for Saguaro LNG
Mexico Pacific Ltd has agreed to supply Zhejiang Energy International of China with LNG from a new natural gas liquefaction plant slated for construction in Sonora State.
NGC working to expand presence in gas sector
National Gas Co. of Trinidad and Tobago Ltd (NGC) is taking significant steps to expand its footprint in the natural gas sector through a series of strategic acquisitions of upstream and downstream assets.
Peru LNG reports export volumes up in June
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its LNG export volumes rise more than 25% month on month in June 2023.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
ExxonMobil begins engineering study on Bajo del Choique Nordeste pipeline in Argentina
ExxonMobil (US) recently began work on an engineering study covering a proposal for construction of a new oil pipeline originating in Argentina’s Neuquén Province.
Jagdeo says four companies shortlisted for Guyana’s modular refinery project
Guyana remains committed to plans for building a modular oil refinery and has shortlisted four of the companies that responded to its Request for Proposals (RFP) for the project.
ANCAP awards Challenger licence for AREA OFF-3 offshore Uruguay
Challenger Energy Group (UK) has secured a licence for AREA OFF-3, a block in the Pelotas basin offshore Uruguay.
Guyana’s evolving gas plans
As interest in the Stabroek block’s gas reserves picks up, Georgetown is taking steps to lay a legal foundation for joint development projects with Suriname.
ExxonMobil, Guyana reportedly negotiating terms of relinquishment for up to 20% of Stabroek
ExxonMobil (US) and Guyana are currently engaged in discussions regarding the return of unexplored sections of the Stabroek offshore block to government ownership.
Pemex budgets nearly $20mn for “Energy Train” upgrade scheme at Madero refinery
Mexico’s national oil company Pemex has reportedly budgeted MXP338mn ($19.7mn) to cover the cost of upgrade work at the Francisco I. Madero refinery in Tamaulipas State.
Guyana’s draft petroleum law aims to prevent government officials from owning oil and gas blocks
Guyana's draft Petroleum Activities Bill contains anti-corruption provisions that are designed to prevent government officials and their family members from owning a petroleum licence.
Petrobras launches $1.25bn securities issue
Brazil’s national oil company Petrobras has returned to global debt markets for the first time in two years via the launch of a $1.25bn debt issue.
CGX, Frontera report new discovery at Wei-1
Canada’s CGX Energy and its joint venture partner Frontera Energy have discovered additional hydrocarbons in Wei-1 well, the second exploration well drill at the Corentyne block offshore Guyana.
Bolivian gas exports to Argentina down more than 50% y/y in May
Bolivian natural gas deliveries to Argentina were down by more than 50% year on year in May, according to official data.
Warm weather could leave Argentina with surplus of LNG this winter
Argentina is facing a potential surplus of LNG due to an unusually warm winter in the Southern Hemisphere.
Prates says Petrobras is gearing up to resume work on UFN-III plant
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, says his company will resume work soon on a large-scale nitrogen fertiliser plant in Tres Lagoas.
Ocean Point, NFE begin carrying out STS LNG transfers at St. Croix docking facilities
New Fortress Energy (NFE) and Ocean Point Terminals have begun carrying out ship-to-ship (STS) transfers of LNG operations at the latter company’s docking facilities in St. Croix.
ExxonMobil’s next steps in Guyana
ExxonMobil appears to be more interested in making a thorough study of Stabroek than in bidding for new offshore assets.
Venezuela selects three projects to promote gas development, report says
Venezuela is looking to accelerate development of the country’s natural gas industry and has identified three projects as the best means of achieving this goal.
Woodside makes FID on ultra-deepwater Trion project
Australia’s Woodside Energy has taken a final investment decision to proceed with development of Trion, an ultra-deepwater field located off the coast of the Mexican state of Tamaulipas.
Argentina launches President Nestor Kirchner Gas Pipeline
Argentina hit a milestone on June 20 as it began loading natural gas into a new pipeline built to handle production from the Vaca Muerta shale formation.
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