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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ExxonMobil gets green light for CCS study at oilfields offshore Guyana
Guyana’s government has given ExxonMobil (US) a green light to move forward with a study of carbon capture and storage (CCS) at its offshore oilfields in the Guyana-Suriname basin.
Former Staatsolie chief talks up gas potential of Guyana-Suriname basin
Rudolf Elias, the former CEO of Suriname’s state-owned oil company Staatsolie, talked up the gas-bearing potential of the Guyana-Suriname basin at an industry event last week.
Frontera says Kawa-1 may host active hydrocarbon system
Canada’s Frontera Energy has said that the data collected thus far from Kawa-1, an exploration well being drilled at the Corentyne block offshore Guyana, suggests the presence of an active hydrocarbon system.
Melbana to resume drilling work at Alameda-1 well soon
Australia’s Melbana Energy expects to receive the last shipment of the supplies it needs to resume drilling operations at Alameda-1, an exploration well at the Block 9 licence area onshore Cuba, by December 20.
Threat of erosion leads Petroecuador to shut down pipelines, declare force majeure
Ecuador’s national oil company Petroecuador has shut down the country’s main crude and petroleum product pipelines, explaining that it could not operate these systems safely until it had dealt with the threat of soil erosion.
Lopez Obrador says Pemex may see more tax cuts
Mexico’s President Andres Manuel Lopez Obrador said earlier this week that his government might offer additional tax breaks to the national oil company Pemex.
YPF exec says Argentina is studying LNG export plans
Argentina’s national oil company YPF is reportedly looking into proposals for establishing LNG export capacity in the expectation that production levels will rise at fields in the Vaca Muerta shale formation.
LNG sector gaining momentum in Brazil
Excelerate begins deliveries to the Bahia LNG terminal amid record Brazilian gas imports, NFE’s signing of Alunorte deal.
Cheniere reported to have struck July supply deal with NFE
US LNG producer Cheniere Energy reached a six-year supply deal with an affiliate of New Fortress Energy (NFE) in July, a recently released letter to the US Department of Energy has shown.
Eagle LNG, WEB Aruba sign agreement on LNG terminal construction
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
LatAmOil: Eagle LNG, WEB Aruba sign agreement on LNG terminal
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
Young sees Big Data boosting energy sector
New technologies can help Trinidad and Tobago’s oil, gas and power industries optimise performance and create value, the country's energy minister says.
Total Eren launches studies of H2 Magallanes green hydrogen project
Total Eren, a renewable energy producer established in 2017 by France’s Total (now TotalEnergies) and Luxemburg’s Eren, has begun work on studies for a large-scale green hydrogen project based on wind power in Chile.
Trinidad and Tobago launches deepwater bidding round
Trinidad and Tobago’s Ministry of Energy and Energy Industries has begun accepting bids for 17 new deepwater blocks.
Pemex wins $3.5bn in extra state funding
Mexico’s Ministry of Finance and Public Credit announced on December 6 that it was granting $3.5bn worth of additional funding to the national oil company Pemex.
Brazilian MPs set to vote on fuel price stabilisation fund in Q1-2022
Members of the Brazilian Senate’s Economic Affairs Committee voted on December 7 to move forward with a bill that provides for the creation of a fuel price stabilisation fund, clearing the way for further debate on the measure early next year.
ExxonMobil says Liza Destiny is producing oil at safe levels
ExxonMobil Guyana has downplayed recent expressions of concern about the long-term production levels being sustained by the Liza Destiny, the FPSO installed at the Liza-1 offshore oilfield.
Primax gains access to Ecuadorean fuel import infrastructure
Primax, a Peruvian distributor of petroleum products, has gained access to infrastructure in Ecuador under a new agreement with that country’s national oil company, PetroEcuador.
Ecuador adopts tax decree that will help speed up sale of state-controlled fields
Ecuador’s government adopted a new umbrella tax decree late last month, within the framework of efforts to reforms the legislative framework governing its hydrocarbon resources.
Guyana’s government receiving bids for strategic baseline studies of oil and gas development
Guyana’s Department of Public Information says multiple international firms have submitted bids to conduct Strategic Environmental and Social Assessment (SESA) baseline studies ahead of large-scale oil and gas development.
Ghana, Guyana to co-operate on petroleum production, investment promotion
The corporation is aimed at deepening partnership between the two countries
Guyana says GTP project has attracted more than 30 expressions of interest
The Guyanese government’s request for expressions of interest (EoI) in a $900mn gas-to-power (GTP) project is attracting strong interest, according to Natural Resources Minister Vickram Bharrat.
LatAmOil: Guyana says GTP project is attracting strong interest
The Guyanese government’s request for expressions of interest in a $900mn gas-to-power project is attracting strong interest, according to Natural Resources Minister Vickram Bharrat.
Brazilian economy minister urges government to privatise Petrobras
Brazilian Energy Minister Paulo Guedes has urged the government to include the national oil company Petrobras in its list of public-sector entities slated for privatisation.
President Energy completes Pirity farm-out
AIM-listed President Energy said last week that it had completed the sale of half of its 100% stake in the Pirity concession in Paraguay via a farm-out deal.
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