LatAmOil - Latin America Oil & Gas

Colombia’s oil industry awaits election results

Colombia is gearing up for a run-off between Petro, a left-wing candidate who has pledged to halt new exploration, and Hernandez, a right-wing populist who hasn’t had much to say about oil and gas.

Source: Brazilian producers can sustain 2% increase in biodiesel content of trucking fuel

ABIOVE has reportedly said that Brazil’s inventories of vegetable oil are big enough to raise the amount of biodiesel blended into the diesel fuel used by truckers to 12%.

Argentina’s fuel shortages keep spreading

Argentina has reportedly been experiencing more shortages of refined fuels this week, with supply disruptions spreading beyond the northern part of the country and beyond the diesel market.

PdVSA orders filling stations to end subsidy by pricing diesel in US dollars

Venezuela’s national oil company PdVSA has instructed more than 100 filling stations around the country to begin selling diesel in US dollars.

NGC seeks to create hydrogen-based economy

Trinidad and Tobago’s state-owned Natural Gas Co. (NGC) is working with its subsidiary National Energy and independent consultancy Kenesjay Green Ltd to create a sustainable hydrogen-based economy.

PM says Trinidad and Tobago will step up search for gas at maritime borders

Trinidad and Tobago will step up co-operation with other nearby countries to expand exploration for natural gas at and around the borders of its offshore zone in the Caribbean Sea.

AMLO expects a deal with Talos on Zama oilfield soon

Mexico's president expects his government to strike a deal with the US company Talos Energy on unitisation of the Zama oilfield in the near future.

Jagdeo says Guyana ready to reclaim Demerara licence if CGX doesn’t drill exploration wells

Guyana is prepared to reclaim the licence for the Demerara offshore block if Canada’s CGX Energy fails to uphold its exploration drilling commitments.

Hess sees Fangtooth field supporting stand-alone development project at Stabroek

Fangtooth, an oilfield discovered at the Stabroek block offshore Guyana, has been identified as a likely future development target, according to the head of the US independent company Hess.

Erdogan and Maduro engage in mutual backslapping in Ankara

US reportedly loosening Venezuelan sanctions further by allowing Eni, Repsol to export oil

The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil and gas sector, according to information from a Reuters report.

LatAmOil: US reportedly allowing Eni, Repsol to export Venezuelan oil

The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil sector.

Diesel shortages hitting in Bolivia and Argentina

Reports of widespread diesel supply disruptions in northern Argentina and western Bolivia are triggering high-level responses.

Petrobras strikes deal on LUBNOR sale

Petrobras has agreed to sell another downstream asset – namely, the Refinaria Lubrificantes e Derivados do Nordeste (LUBNOR) plant.

YPFB head says economic factors drove decision to cut gas exports to Brazil

Bolivia’s national oil company YPFB says economic factors drove its decision to reduce natural gas flows to Brazil by 6mn cubic metres per day in April and increase deliveries to Argentina.

Suriname planning to hold two additional offshore licensing rounds by mid-2023

The head of Staatsolie, the national oil company of Suriname, has said that his company hopes to stage two additional offshore licensing rounds by the middle of next year.

Bloomberg Economics analyst: Mexican fuel subsidy costs rising faster than oil export earnings

Mexico’s oil export earnings have climbed this year along with world crude prices, but not quickly enough to compensate for rising domestic motor fuel subsidies, according to Bloomberg Economics.

ExxonMobil contracts Acorn International for environmental study of Uaru project

Acorn International, a Houston-based risk management consultancy, has been contracted to carry out an environmental study for Uaru, the fifth development project at the Stabroek block offshore Guyana.

US extends Chevron’s Venezuela waiver

The US Treasury Department has extended the sanctions waiver awarded to Chevron so that the company can maintain a presence in Venezuela.

Trinidad and Tobago’s energy minister criticises report on ability to gain market share in Europe

Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has criticised Reuters for a recent report suggesting that Peru is better positioned to capture LNG market share in Europe.

NFE, Ebrasil sell shares in LNG-to-power project to Eneva

US-based New Fortress Energy (NFE) and its Brazilian JV partner Ebrasil Energia have agreed to sell the Porto do Sergipe thermal power plant to the privately owned Brazilian company Eneva.

LatAmOil: Guyana renews Liza-1 environmental permit

Guyana’s Environmental Protection Agency (EPA) said on May 31 that it had renewed the environmental permit issued to US super-major ExxonMobil for the Liza-1 development project.

Guyana renews ExxonMobil’s environmental permit for Liza-1 oilfield

Guyana’s Environmental Protection Agency (EPA) said on May 31 that it had renewed the environmental permit issued to a subsidiary of US super-major ExxonMobil for the Liza-1 development project.

Brazil’s Eneva signs long-term LNG supply deal with paper manufacturer

Eneva, a privately owned Brazilian energy company, announced last week that it had signed a long-term LNG supply contract with Suzano, a local pulp and paper manufacturer.

CNH authorises Pemex unit to drill Popoca-1EXP

Mexico’s CNH has authorised a unit of Pemex to spud a new exploration well at the Popoca field, located off the coast of Tabasco State in the southern Gulf of Mexico.