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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Argentina’s oil production hit record high in May
Argentina has seen crude oil production rise to its highest levels in more than 10 years in May, largely as a consequence of increasing output at unconventional fields.
Ecuador’s oil output sinks in advance of nationwide strike
Ecuador’s Agency for the Regulation and Control of Energy and Natural Resources (ARC) said on June 22 that crude oil production levels had dropped by 45% ahead of a strike by members of indigenous communities.
Petrobras’ balancing act
High oil prices are shining the spotlight on the contradiction between Petrobras' upstream goals and the government’s hopes of support for policy objectives.
Petro’s election win could have major impact on Colombia’s oil and gas sector
Colombia’s oil and gas sector may be headed for some major changes following Gustavo Petro’s victory in the run-off phase of the presidential election.
ExxonMobil’s Guyana subsidiary reports on 2021 results
Esso Exploration and Production Guyana Ltd (EEPGL), a subsidiary of the US super-major ExxonMobil, earned a profit of $132bn from its activities at the offshore Stabroek block in 2021.
Petroecuador seeks private partner to cut gas flaring in Amazon
Petroecuador is seeking a private-sector partner in order to prevent the further flaring of associated gas during crude production in the Amazon, in line with a court-imposed deadline.
Mexico's AMLO says his government is committed to reducing gas flaring
Mexican President Andres Manuel Lopez Obrador told reporters last week that his government was committed to reducing associated gas and methane flaring.
Former energy minister casts doubt on Rowley’s predictions of rise in gas production
Kevin Ramnarine, the former energy minister of Trinidad and Tobago, is sceptical about PM Keith Rowley’s recent prediction that natural gas production levels will start rising before the end of 2022.
Energía Argentina in steel pipe contract with Tenaris for Vaca Muerta gas project
State-owned Energía Argentina has signed a contract with SIAT, a subsidiary of the Luxembourg-based steel pipe maker Tenaris, for the supply of welded pipes for the President Néstor Kirchner Gas Pipeline (PNKG) project.
EDP receives second LNG shipment in El Salvador via ship-to-ship transfer
BW LNG, a subsidiary of Singapore-based BW Group, reported last week that the Energía del Pacífico (EDP) joint venture had received its second shipment of LNG via ship-to-ship transfer in El Salvador.
APA says Krabdagu-1 well offshore Suriname holds at least 180mn barrels of oil
APA Corp. (US) revealed on June 21 that Krabdagu-1, an exploration well drilled at Block 58 offshore Suriname, appeared to contain at least 180mn barrels of oil in place.
LatAmOil: APA reports on size of Krabdagu-1 well offshore Suriname
APA Corp. (US) revealed on June 21 that Krabdagu-1, an exploration well drilled at Block 58 offshore Suriname, appears to contain at least 180mn barrels of oil in place (OIP).
CGX, Frontera exit Demerara
As CGX and Frontera seize an opportunity to focus on the Corentyne block, they offer up a practical example of how Guyana’s relinquishment policy works.
ESA report says satellite imagery reveals evidence of methane leak at Pemex platform
The European Space Agency (ESA) has published research showing that Mexico’s national oil company Pemex experienced a methane leak at an offshore platform last December.
Argentina investigates outcome of pipe supply tender following minister’s remarks
Argentina’s government has launched an investigation of corruption allegations related to a tender for the supply of 656 km of steel pipes for the first phase of a natural gas pipeline project.
Brazilian legislators vote to cap ICMS fuel tax
Brazil’s National Congress has weighed in on the effort to rein in domestic fuel prices by passing a bill that caps the rate of the state ICMS tax on petroleum products at 17-18%.
Guyana wins praise for plan to use oil revenues to fund establishment of green economy
The Inter-American Development Bank (IADB) says Guyana’s government has succeeded in formulating a comprehensive plan aimed at using oil revenues to facilitate the move toward a greener economy.
PdVSA receives third cargo of Iranian oil
Venezuela has reportedly taken delivery of its third cargo of Iranian crude oil, according to a Reuters report.
High fuel prices spark protests in Ecuador
Complaints about high fuel prices have helped lead indigenous and social action groups in Ecuador to launch a round of protests against the policies of Guillermo Lasso, the country’s right-leaning president.
Braskem-Idesa JV makes Advario shareholder in ethane import terminal
The Brazilian-Mexican joint venture Braskem-Idesa (BI) has agreed to make Advario, a Dutch company, a shareholder in the $400mn ethane import terminal it is building in Mexico’s Veracruz State.
LatAmOil: APA finds water in Rasper well offshore Suriname
Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.
APA finds only water in Rasper well offshore Suriname
Houston-based APA Corp. said on June 13 that it had finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.
GasBridge becomes Brazil’s second private company to buy Bolivian gas directly
GasBridge (GBC) has become the second privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.
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