LatAmOil - Latin America Oil & Gas

OCP Ecuador asks government to extend 20-year operating contract

OCP Ecuador, the privately-owned consortium that owns and operates Ecuador’s Heavy Crude Pipeline (OCP) system, is seeking to extend its contract beyond contract beyond January 2024.

Iran plans to construct oil refineries in Venezuela and Uruguay says lawmaker

Staatsolie aiming for operatorship of shallow-water blocks, VP says

Suriname’s national oil company Staatsolie has set the goal of leading development work at shallow-water blocks, according to Glenn Corrie, the state-owned firm’s vice president for offshore operations.

Lula reportedly mulling proposals for reversing refinery privatisation

Advisors to Luiz Inacio Lula da Silva, the top-polling candidate in Brazil’s upcoming presidential election, have mooted the idea of reversing the privatisation of refineries previously owned by Petrobras.

Pemex partially confirms report on methane emissions at Zaap oilfield in December

Mexico's Pemex has partially confirmed a report on methane leaks at the Ku-Maloob-Zaap oilfields in the southern Gulf of Mexico but says the total amount of gas released was smaller than researchers estimated.

LatAmOil: Petrobras considers offering CCS services to third parties

Brazil’s national oil company Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.

Satellite data reveals additional methane leaks at Zaap oilfield in August

European researchers have gathered evidence of another large methane leak at Ku-Maloob-Zaap, a cluster of oilfields operated by Mexico’s national oil company (NOC) Pemex.

Argentina offers to help “fuel the world”

Argentina is talking once again about its potential to become an oil and gas exporter, but it is not in a position to realise its ambitions just yet.

Head of Guyana’s central bank sees oil revenues topping $1bn this year

Gobind Ganga, the governor of the Bank of Guyana, said on September 5 that the country was on track to collect more than $1bn in oil export revenue this year.

Petrobras considers possibility of expanding CCS programme to include third-party services

Brazil’s Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.

Chevron asks US government to expand scope of exemption from Venezuelan sanctions

The US major Chevron has asked Washington to expand the scope of its exemption from sanctions barring investment in Venezuela’s oil industry, sources with knowledge of the matter told Reuters last week.

BP subsidiary takes delivery of jack-up rig offshore Trinidad and Tobago

BP Trinidad and Tobago (bpTT) has taken delivery of the Joe Douglas jack-up rig and was on track to launch a new drilling programme in the Columbus basin off the south-eastern coast of Trinidad.

Indigenous communities petition court to compel Quito to enforce reversal of oil, mining awards

The Waorani and A’i Cofan indigenous communities of the upper Amazon River have petitioned Ecuador’s Constitutional Court to enforce previous rulings rescinding the hydrocarbon and mining concessions.

Peru LNG sends three cargoes to UK in August

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, resumed exports in August following a planned shutdown for maintenance in July.

OPEC+ reverses recent addition with first cut in 18 months

Argentina’s PAE outlines plan to export gas to Brazil

Pan American Energy (PAE), Argentina’s second-largest producer of crude oil and fourth-largest supplier of natural gas, has announced plans to start supplying gas to neighbouring Brazil.

LatAmOil: Barbados prepares to offer all 22 open offshore blocks

Barbados will offer all 22 available blocks in its offshore zone to international oil companies in a bidding round in the fourth quarter of this year.

Trafigura reportedly redirecting Russian diesel to Ecuador

Trafigura Group has started redirecting shipments of Russian diesel to Latin American markets in the face of a looming EU ban on petroleum product imports originating in Russia.

Eni ramping up deliveries of Mizton grade crude to US markets

Italy’s Eni is making the most of a promising market opportunity by bringing Mexico’s new export grade, Mizton, to the US markets.

Guyana continues eyeing refinery plans

Guyana is continuing to explore the possibility of building the country’s first oil refinery and has received multiple project proposals from potential investors, Vice President Bharrat Jagdeo has said.

Indecopi’s civil claim against Repsol over oil spill admitted to court

The Peruvian government’s $4.5bn civil claim against Repsol (Spain) and other parties for damages related to an oil spill that occurred on January 15 at La Pampilla has been admitted to court.

TotalEnergies may postpone Block 58 FID, RBC Capital Markets predicts

RBC Capital Markets (Canada) has speculated that TotalEnergies (France) may postpone its final investment decision on the development of Block 58 offshore Suriname until 2023.

Fifth development project at Stabroek will include Uaru, Mako and Snoek fields

ExxonMobil (US) intends to target three oilfields at the Stabroek block offshore Guyana within the framework of its fifth development project.

YPF’s export agenda

YPF's plan to build Argentina’s biggest oil export terminal in Rio Negro may not be enough to ensure that Vaca Muerta realises its full potential.

Barbados prepares to offer all 22 open offshore blocks to investors in licensing round

Barbados will offer all 22 available blocks in its offshore zone to international oil companies in a bidding round in the fourth quarter of this year.