Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
Looking for more LatAmOil articles? Or would you like to find out more about the publication? Keep reading.
Overview
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.
LatAmOil is fully digital publication and can be read in PDF or online.
Try it out
The majority of our premium content is ONLY available to our subscribers.
If you would like to try LatAmOil we can offer you a, no obligation, free trial, giving you a chance to get to know the publication and get hooked on the quality content. No credit card required.
Simply fill in the form at the bottom of this page and we will send you your first copy of LatAmOil
Need more convincing?
- Check out our client testimonial
- Read a recent issue
- Find out more about a LatAmOil subscription
Storage solutions under discussion
Mexico and Aruba are looking into new options for expanding oil storage capacity.
Struggling Pemex posts $23.6bn quarterly loss
Mexico’s national oil company (NOC) Pemex has reported a quarterly loss of more than $20bn, owing to the collapse in crude prices, the dramatic drop in global oil demand and the sharp depreciation of the Mexican peso.
ANH chief sees Colombia producing less oil than expected in 2020
Colombia’s National Hydrocarbons Agency (ANH) says the country is set to produce less oil than expected this year.
Chevron is not quitting Venezuela, CEO says
Mike Wirth, the CEO of Chevron, said last week that his company did not intend to make a complete exit from Venezuela.
Venezuela’s moves toward reform of PdVSA not likely to bear fruit
Venezuela’s moves toward reform of PdVSA are not likely to bear much fruit in the near future.
Argentina’s refinery throughput down
Argentina’s oil refineries have been cutting throughput this month, and additional reductions are likely in May.
Wood Mackenzie hails Petrobras’ response to fall in gas consumption
Brazil’s national oil company (NOC) Petrobras has won praise from Wood Mackenzie for its response to recent declines in domestic natural gas consumption.
Cenit offers new payment deal to customers
Cenit, a subsidiary of Colombia’s national oil company (NOC) Ecopetrol, has offered to let oil producers postpone full payment of transportation tariffs in May and June.
Petrobras is operating refineries at 60% of capacity
As the coronavirus outbreak continues to drive global oil demand down, Brazil’s state-controlled oil company Petrobras has moved to operating its refineries at below full capacity, at an average level of around 60%.
Mexican president says oil hedge will yield 150bn pesos this year
Mexican President Andres Manuel Lopez Obrador has said that his administration’s oil hedging programme for 2020 may bring in 150bn pesos.
Energy minister says Ecuador may try lifting fuel subsidies again
Ecuador is considering the possibility of lifting its costly fuel subsidies once again in response to the recent plunge in global oil prices, according to the country’s energy minister.
Storage glut could hit oil shipments from Guyana’s Liza field
Shipments of crude oil from the Liza field offshore Guyana could be affected by the global storage glut that has resulted from the coronavirus pandemic.
Guyana receives 34 bids for crude marketing contract
Guyana has received a total of 34 bids for a new contract to market the government’s share of crude oil.
Halliburton follows Chevron in pledging to exit Venezuela
Houston-based Halliburton has pledged to wrap up most of its activities in Venezuela by December 1, in line with instructions from the US Treasury Department.
CNH head says Pemex may pursue new JVs soon despite farm-out freeze
The head of Mexico’s National Hydrocarbons Commission (CNH) has given state-owned Pemex a green light to seek new joint venture partnerships in spite of the government’s decision to freeze farm-out deals.
Guyana attracts interest from oil trading firms for marketing contract
The Guyanese government’s search for a marketing agent for its share of oil output has reportedly drawn interest from several trading companies.
Brazil’s oil industry asks to mothball 29 fields due to pandemic
Two Brazilian oil companies have asked the government to shutter 29 oilfields, which have a total production of 65,000 barrels per day.
Argentina hopes minimum reference price will protect domestic oil sector
Argentina’s government is reportedly mulling a proposal to establish an artificially high floor for domestic crude oil prices.
US instructs Chevron to wrap up operations in Venezuela
Washington has ordered Chevron to prepare for an exit from Venezuela.
Venezuelan opposition looks askance at “shadow tax” on JVs
Venezuela’s National Assembly is considering proposals for revising joint venture contracts to make the country’s oil sector more attractive to foreign investors.
Coronavirus a concern for Colombia’s public and private-sector oil producers
Concerns about the impact of the coronavirus pandemic appear to be widespread among Colombian oil and gas producers.
Examining the WTI collapse
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
Mexico’s oil export basket joins WTI in trading below zero
Mexico’s oil export basket has joined WTI in trading below zero.
Ecuador’s OCP pipeline resumes partial operations following landslide
Ecuador’s Heavy Crude Pipeline (known locally as OCP) has resumed partial operations after being closed down due to a landslide in the Amazon region earlier this month.
UPDATED: Oil prices fall to less than zero for the first time in history
Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.
Follow us online