LatAmOil - Latin America Oil & Gas

ExxonMobil unit orders fourth FPSO for Stabroek

EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be installed at Yellowtail, the fourth development target in Guyana’s offshore zone.

Bermeo says Ecuador’s oil output will top 500,000 bpd by year-end

Ecuador’s Energy Minister Juan Carlos Bermeo has said that the country is on track to see oil production top 500,000 barrels per day by the end of 2021.

ExxonMobil, SBM reportedly discussing fourth FPSO for Stabroek

US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.

LatAmOil: ExxonMobil, SBM discussing fourth FPSO for Stabroek

US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.

IGU calls for more support for renewable gases

Making the case for oil and gas

Guyana, Suriname and Trinidad and Tobago won’t be following Costa Rica in calling for an end to hydrocarbon exploration.

Atome Energy signs MoU on power deliveries from green hydrogen and ammonia plant

Atome Energy, a subsidiary of UK-based President Energy, has signed a memorandum of understanding with Paraguay’s national power provider ANDE on future supplies of electricity from a green hydrogen and ammonia plant.

Fortescue Future Industries commits to major green hydrogen project in Argentina

Argentina’s government has reportedly struck an agreement with Fortescue Future Industries, an Australian company, on the construction of a green hydrogen plant in Rio Negro Province.

Wärtsilä completes installation of FSRU for LNG-to-power project in El Salvador

Finland’s Wärtsilä reported on November 10 that it had finished installing the BW Tatiana floating storage and regasification unit (FSRU) at its designated site offshore El Salvador, near the port of Acajutla.

Sempra identifies Vista Pacifico LNG project as a high priority

US-based Sempra Energy sees the Vista Pacifico LNG project, which envisions the construction of a gas liquefaction and export terminal in Topolobampo, a port in Mexico’s Sinaloa State, as a high priority.

ING to stop financing oil, gas trading in Peru

The Dutch lender ING Group has said it will no longer finance the trading of crude oil and natural gas in Peru, citing concerns about the impact of the industry on indigenous people.

Brazilian gas utilities seen closing fuel acquisition contracts by year-end

A number of Brazilian natural gas distribution utilities are expected to close fuel acquisition contracts with private suppliers by the end of the year, as the country’s gas sector opens up.

Guyana talks about using gas to generate power, unveils clean energy plan

Guyana is planning to build a new associated gas-fuelled thermal power plant as it moves toward leaving fossil fuels behind, President Irfaan Ali has said.

Mexican judge orders former Pemex CEO to be held in prison

A Mexican judge has issued an order that will see Emilio Lozoya, the former head of Mexico’s national oil company Pemex, held in prison for preventive detention.

Beyond Oil and Gas Alliance aims to end oil and gas production

The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.

LatAmOil: Argentina’s electricity export earnings will fund Vaca Muerta gas pipeline

Argentina expects to use the proceeds of electricity exports to Brazil to finance two major infrastructure projects that will facilitate the development of the Vaca Muerta shale formation.

Argentina will use proceeds of electricity exports to fund gas pipeline construction

Argentina’s Energy Secretariat expects to use the proceeds of electricity exports to Brazil to finance several major infrastructure projects that will facilitate the development of the Vaca Muerta shale formation.

US senators eye Latin American and Caribbean LNG markets

Five members of the US Senate have re-introduced a measure designed to expedite the permit process for small-scale LNG exports.

Petrobras’ third-quarter profits exceed expectations

Brazil's national oil company Petrobras posted a profit of BRL31.14bn ($5.56bn) for the third quarter, outperforming expectations.

Venezuelan oil exports top 700,000 bpd in October

Venezuela succeeded in pushing crude oil export volumes above 700,000 barrels per day in October, according to a Reuters report.

Ecuador gears up to call new tender for Las Emeraldas refinery operating contract

Ecuador’s government may call a new tender for the right to operate the 110,000 barrel per day Las Esmeraldas refinery before the end of this month, according to Energy Minister Juan Carlos Bermeo.

Mexico reportedly moving ahead with annual oil hedge

Mexico’s government has reportedly begun the process of arranging its annual oil hedge, a collection of financial deals designed to protect the country against fluctuations in the crude market by locking crude prices in ahead of time.

Exxon Mobil’s 2nd Liza FPSO arrives in Guyana

The Liza Unity, which was built to be the second floating production, storage and off-loading vessel installed at Guyana’s Stabroek block, has arrived at the Liza-2 production site offshore Guyana.

Pemex back in the red in third quarter despite oil price recovery

Mexico’s national oil company Pemex was back in the red in the third quarter of this year, despite the recent recovery in its crude production levels.

Brazilian leader inches closer to privatisation of Petrobras

Brazilian President Jair Bolsonaro said again last week that he was considering privatising the national oil company Petrobras and that the government had begun evaluating options for divesting its stake in the firm.