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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Petrobras finalises sale of RLAM refinery to Mubadala Capital subsidiary
Brazil’s national oil company (NOC) Petrobras announced on November 30 that it had completed the privatisation of the Landulpho Alves Refinery (RLAM) in Bahia State.
CFIUS delays Shell’s sale of refinery to Pemex
Shell's Deer Park refinery is not likely to be transferred to Mexicos' Pemex by year-end as anticipated, as CFIUS has delayed approval.
Promigas aims to expand capacity of Cartagena LNG import terminal
Promigas, a Colombian natural gas transportation company, is looking to expand the capacity of the country’s only LNG import facility, a terminal in Cartagena.
Head of Guyana’s EPA says Liza Destiny could extract up to 144,000 bpd
Kemraj Parsram, the head of Guyana’s Environmental Protection Agency (EPA), is confident that the Liza Destiny, the FPSO that is being used to develop the Liza-1 oilfield, is capable of raising output by 20% on current levels.
Guyana dispatches last oil export cargo of the year
Guyana has wrapped up its oil export programme for 2021, as its final 1mn-barrel cargo of the year was loaded in late November.
Petrobras claims all four oil supply contracts in latest PPSA auction
Brazil’s national oil company Petrobras outpaced all competitors at the latest round of auctions by Pré-sal Petróleo SA (PPSA), which represents the government in production-sharing contracts covering 17 pre-salt fields.
Eco (Atlantic) Oil & Gas touts prospects for light oil find at Orinduik
UK-based Eco (Atlantic) Oil & Gas is optimistic about the prospects for a major discovery at the Orinduik block offshore Guyana, noting that the eastern section of the site is very close to ExxonMobil's Liza oilfield.
LatAmOil: Eco hopes for light oil find at Orinduik
UK-based Eco (Atlantic) Oil & Gas is optimistic about the prospects for a major discovery at the Orinduik block offshore Guyana, noting that the eastern section of the site is very close to ExxonMobil's Liza oilfield.
US government extends Chevron’s Venezuela licence until June 1
The US Treasury Department has given Chevron and several other US-based companies more time to wind down their operations in Venezuela.
Top-polling presidential candidate wants Colombia to stop awarding oil and gas contracts
Gustavo Petro, a former mayor of Bogotá who is now the leading candidate in Colombia’s presidential race, has said he will stop awarding oil and gas contracts if he wins the vote, which is scheduled to take place in May 2022.
Bolsonaro calls for review of Brazil’s domestic fuel pricing system
Brazilian President Jair Bolsonaro said on November 23 that his government intended to review the international parity system used by the national oil company Petrobras to set fuel prices.
Eneva, Servtec to examine plans for new LNG terminal in Maranhão
Eneva, a Brazilian energy company, said last week that it had teamed up with Servtec, a local investment firm, to examine proposals for the construction of a new LNG import terminal in Maranhão State.
Lukoil finds oil at Yoti West
Russia’s Lukoil reported earlier this week that it had discovered oil at Yoti West, a field within the Block 12 licence area offshore Mexico.
Neuquen governor sees Trans-Andean Pipeline resuming operations next year
Omar Gutierrez, the governor of Argentina’s Neuquen Province, announced last week that the Trans-Andean Pipeline will resume operations in 2022.
Tullow sees Beebei-Potaro well spudded at Kanuku block in mid-2022
Repsol (Spain) is gearing up to drill its next exploration well at the Kanuku block offshore Guyana in mid-2022, according to Tullow Oil (UK/Ireland), a non-operating partner in the project.
Braskem Idesa JV sees US ethane imports reach record high in September
Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, reported recently that it had seen ethane import volumes climb to an all-time high in September of this year.
Energy minister says Trinidad and Tobago sees gas as crucial element of energy transition
Even as leading experts call for replacing natural gas with renewable energy sources, Trinidad and Tobago continues to see gas as the main driver toward energy transition, Energy Minister Stuart Young said last week.
US, Canada, Mexico talk up joint methane strategy plans
The first trilateral North American summit in five years ends with a pledge from Biden, Trudeau and Lopez Obrador to establish a North American strategy for methane and carbon emissions.
US confirms co-ordinated SPR release
The US has teamed up with China, India, South Korea, Japan and the UK to co-ordinate releases from their strategic petroleum reserves.
LatAmOil: Braskem Idesa JV reports US ethane imports up in September
Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, saw ethane import volumes climb to an all-time high in September of this year.
Shell signs PSC for Manatee gas field
The government of Trinidad and Tobago has finalised a production-sharing contract (PSC) with Shell (UK) for Manatee, an offshore natural gas field.
KGL awards contract for FEED-related services on NewGen green hydrogen project
UK-based io consulting, formed by Baker Hughes and McDermott International (US), has won a contract for services related to front-end engineering and design (FEED) work on a green hydrogen project in Trinidad and Tobago.
Thieves seeking gasoline for drug trade targeting Colombian oil pipelines
Colombian oil pipelines are reportedly becoming more attractive targets for criminal gangs seeking crude oil for use the drug trade.
Quito will not block New Stratus from buying 35% stakes in two blocks from Repsol
Ecuador’s government has signalled that it does not intend to block New Stratus Energy, an independent Canadian company, from acquiring minority stakes in two heavy crude oil blocks from Repsol (Spain).
Non-commercial discovery reported at Bonboni-1
TotalEnergies of France and its US-based partner APA have discovered non-commercial reserves of crude oil in Bonboni-1, an exploration well drilled in the northern section of Block 58 offshore Suriname.
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