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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OPEC secretary-general dies in Abuja
Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.
LatAmOil: Pemex formally launches Olmeca refinery
Mexico’s national oil company Pemex held a ceremony marking the official opening of the Olmeca refinery on July 1.
Unexpected outage forces PdVSA to suspend gasoline production at Cardon refinery
Venezuela’s national oil company PdVSA has halted gasoline production at its second-largest refinery because of unexpected maintenance problems.
Pemex signs LoI with NFE on Lakach deepwater gas project
Pemex is set to resume work on the Lakach natural gas field after a hiatus of more than six years under a letter of intent (LoI) signed with its US-based partner New Fortress Energy (NFE).
Petrobras prepares to receive first Guyanese oil cargo
Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.
ANCAP awards three blocks offshore Uruguay to Shell and APA
Uruguay’s national oil company ANCAP said last week that Shell (UK) and APA (US) had won licences for three of the six blocks included in its most recent bidding round.
Guyana ready to proceed with GTP project
Guyana’s government has indicated that it is ready to proceed with a gas-to-power (GTP) project that will provide the country with a new source of energy.
Ecuador’s government strikes deal with CONAIE on fuel prices in order to end protests
Ecuador's government has struck a deal with CONAIE, one of the leading organisations representing the country’s indigenous communities, on bringing an end to nationwide protests over fuel prices and other issues.
AMLO acknowledges higher costs for Olmeca refinery project
Mexican President Andres Manuel Lopez Obrador has conceded that the final bill for the construction of the Olmeca refinery is likely to be considerably higher than the most recent government estimates.
Brazil mulls buying Russian diesel
Brazilian President Jair Bolsonaro said on June 27 that his government might be willing to buy diesel from Russia, as that country was willing to supply the fuel at an attractive price.
CNH investigates Pemex following reports of excessive flaring at Quesqui field in 2019
Mexico’s state oil and gas regulator CNH is investigating reports that the national oil company Pemex engaged in excessive associated gas flaring at the Quesqui oilfield in Tabasco state in 2019.
Two Caribbean refineries try to move beyond their origins
As the Limetree Bay Refinery in St. Croix tries to sort out disputes over ownership amidst accusations of impropriety, RdK says CPR has a green light to discuss a final agreement for the Isla plant.
Maduro hails French officials' call for lifting curb on Venezuelan oil exports
Venezuelan President Nicolas Maduro has responded positively to French government officials’ call for allowing his country, along with Iran, to resume crude oil exports to the world market.
LatAmOil: Petrobras to receive first Guyanese oil cargo
Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.
Staatsolie chief keen on upcoming bidding rounds
Annand Jagesar, the managing director of Suriname’s NOC Staatsolie, says his company is looking forward to offering additional shallow- and deepwater blocks to foreign investors over the next year.
Argentina’s oil production hit record high in May
Argentina has seen crude oil production rise to its highest levels in more than 10 years in May, largely as a consequence of increasing output at unconventional fields.
Ecuador’s oil output sinks in advance of nationwide strike
Ecuador’s Agency for the Regulation and Control of Energy and Natural Resources (ARC) said on June 22 that crude oil production levels had dropped by 45% ahead of a strike by members of indigenous communities.
Petrobras’ balancing act
High oil prices are shining the spotlight on the contradiction between Petrobras' upstream goals and the government’s hopes of support for policy objectives.
Petro’s election win could have major impact on Colombia’s oil and gas sector
Colombia’s oil and gas sector may be headed for some major changes following Gustavo Petro’s victory in the run-off phase of the presidential election.
ExxonMobil’s Guyana subsidiary reports on 2021 results
Esso Exploration and Production Guyana Ltd (EEPGL), a subsidiary of the US super-major ExxonMobil, earned a profit of $132bn from its activities at the offshore Stabroek block in 2021.
Petroecuador seeks private partner to cut gas flaring in Amazon
Petroecuador is seeking a private-sector partner in order to prevent the further flaring of associated gas during crude production in the Amazon, in line with a court-imposed deadline.
Mexico's AMLO says his government is committed to reducing gas flaring
Mexican President Andres Manuel Lopez Obrador told reporters last week that his government was committed to reducing associated gas and methane flaring.
Former energy minister casts doubt on Rowley’s predictions of rise in gas production
Kevin Ramnarine, the former energy minister of Trinidad and Tobago, is sceptical about PM Keith Rowley’s recent prediction that natural gas production levels will start rising before the end of 2022.
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