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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LatAmOil: Guyanese inspectors to take responsibility for oil certification
The Guyana National Bureau of Standards (GNBS) is prepared to assume responsibility for testing crude oil extracted from the country’s offshore fields this year, ahead of the planned launch of the Liza-2 development project.
Argentina reiterates commitment to offshore exploration despite protests
The government of Argentina has decided to move forward with its first offshore exploration drilling scheme in years, despite facing a barrage of protests.
Guyana seeks contractor for feasibility study of Yellowtail field development plan
The government of Guyana has invited consulting firms to submit bids for a contract to review and evaluate ExxonMobil’s field development plan for its Yellowtail Project.
PdVSA reportedly preparing to export first cargo of diluted crude since last April
Venezuela’s national oil company PdVSA appears to have loaded a tanker with diluted crude oil for export for the first time in the last nine months, according to a report from Reuters.
WIPL says it will be able to cover bid for Limetree Bay refinery
Jamaica-based West Indies Petroleum Ltd (WIPL) has expressed confidence about its ability to pay the sum of $62mn that it has offered for the Limetree Bay refinery near St. Croix in the US Virgin Islands by January 21.
Pemex may complete acquisition of Deer Park refinery next week
A US federal court has rejected a request to block Mexico’s national oil company Pemex from acquiring 50.01% of the Deer Park refinery from an affiliate of Shell (UK).
Eni’s Miamte MV34 FPSO arrives offshore Mexico
Eni (Italy) said in early January that it would soon install a newbuild floating production, storage and off-loading (FPSO) vessel at Area 1, a shallow-water licence area located off the coast of Mexico's Tabasco State.
NGC, Shell sign HoA on pre-FEED phase of work on Manatee gas processing
National Gas Co. of Trinidad and Tobago Ltd (NGC) indicated last week that it was gearing up to work with Shell on the processing of natural gas from the offshore Manatee field.
Tullow exits Suriname as Shell joins Chevron at Block 5
One international oil company has announced plans to exit Suriname, while another has farmed into a block awarded to Chevron (US) last year in the Shallow Offshore (SHO) bidding round.
Ecuador lifts declaration of force majeure
The government of Ecuador has lifted a declaration of force majeure on exports of crude via the country’s two main pipeline systems.
What drove LNG imports to record highs in Brazil?
Efforts to mitigate the impact of drought have made LNG a crucial component in Brazil’s energy mix.
Saipem wins Australia, Guyana offshore contracts
Italy’s Saipem has been awarded two new offshore contracts – one for the Scarborough project in Australia and the other for the Yellowtail development in Guyana. Combined, the two contracts are worth $1.1bn.
LatAmOil: Ecuador lifts force majeure
Ecuador has lifted a declaration of force majeure on exports of crude oil via the country’s two main pipeline systems.
CGX confirms plan to continue drilling Kawa-1 exploration well
Canada’s CGX Energy has confirmed that it will move ahead with drilling work at Kawa-1, an exploration well at the Corentyne block offshore Guyana, despite reports that the initiative was being wrapped up.
Two new laws in Guyana
Guyana's Parliament has passed bills on local content and sovereign wealth fund amidst an upsurge of long-standing tensions between local communities.
NGC reports profits, revenues up in 9M-2021
National Gas Co. of Trinidad and Tobago Ltd (NGC) has reported a net profit of TTD1.045bn ($153.39mn) for the first nine months of 2021, marking a strong recovery from its net loss of TTD42mn ($6.17mn) in the same period of last year.
Venezuela reports impressive gains in oil production
Venezuela has reportedly succeeded in pushing its crude oil production up significantly in the last two months of 2021, thereby recovering from the record low recorded the previous year.
ExxonMobil strikes oil again at Fangtooth, Lau Lau fields
US-based ExxonMobil reported on January 5 that it had made two additional discoveries at Stabroek, a block offshore Guyana that is already known to contain more than 10bn barrels of oil equivalent.
Pemex signals support for AMLO’s plan to phase out oil exports by end-2023
Mexico’s national oil company Pemex has signalled that it will back President Andres Manuel Lopez Obrador’s plan to halt crude oil exports by the end of next year.
Sycar secures supply deal for Jambeli LNG with Colon LNG Marketing
US-based Sycar revealed late last month that it had secured a source of LNG for the import terminal it intends to build at Bajo Alto, a sheltered port in Ecuador’s southern El Oro province.
Enauta’s planned sale of Manati stake to Gas Bridge falls through
Brazil’s Enauta Energia is not moving forward with its previously announced plan to sell its 45% stake in Manati, a natural gas field in the Camamu basin offshore Bahia State.
Ecuador hopes to see oil production levels recover next month
Ecuador is on track to see oil production return to normal levels in February following the restart of the two main pipelines used to export crude, according to Energy Minister Juan Carlos Bermeo.
Argentina green-lights seismic survey of three offshore blocks
Argentina’s government has given YPF, the national oil company, and its partners a green light to proceed with seismic work at three offshore blocks in the South Atlantic.
LatAmOil: Argentina greenlights offshore seismic work
Argentina’s government has given YPF, the national oil company, and its partners a green light to proceed with seismic work at three offshore blocks in the South Atlantic.
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