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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Mexico revises plan to eliminate oil exports
In light of the rally in global crude prices, Mexico has decided to revise its plan for diverting domestic oil production from exports to domestic refineries, President Andres Manuel Lopez Obrador has said.
ANCAP turns a profit in 2021 despite Uruguayan government’s fuel price subsidies
Uruguay’s national oil company ANCAP said earlier this week that it had earned a profit of $88mn in 2021 despite the government’s decision to keep domestic pump prices artificially low.
CGX, Frontera file project documents outlining plans for drilling Wei-1 exploration well
Canada’s CGX Energy and its partner Frontera Energy have filed documents with Guyana’s Environmental Protection Agency (EPA) outlining their plans to drill Wei-1, their second exploration well at the Corentyne block.
Petroecuador seeks to expand scope of 2019 oil sale agreement with Shell
Ecuador’s national oil company Petroecuador has told Shell (UK) that it is ready to expand the scope of a crude off-take agreement signed between the parties in December 2019.
EDP receives first LNG shipment in El Salvador via ship-to-ship transfer
BW LNG, a subsidiary of Singapore-based BW Group, reported earlier this week that the Energía del Pacífico (EDP) joint venture had received its first shipment of LNG via ship-to-ship (STS) transfer in El Salvador.
China’s GDG in long-term supply deal with MPL’s Puerto Libertad LNG terminal
China’s Guangzhou Development Group (GDG) has signed a long-term supply agreement for LNG from an export terminal that Houston-based MPL plans to build at Puerto Libertad in Mexico’s Sonora State.
ExxonMobil makes FID on Yellowtail
ExxonMobil (US) announced on April 4 that it had made a final investment decision on Yellowtail, its fourth development project at the Stabroek block offshore Guyana.
LatAmOil: ExxonMobil makes FID on Yellowtail
ExxonMobil (US) has made a final investment decision on Yellowtail, its fourth development project at the Stabroek block offshore Guyana.
Rich countries must cut oil and gas output 74% to ensure fair transition
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
TotalEnergies, Sempra Infrastructure sign MoU on plans for Vista Pacífico LNG
TotalEnergies (France) has signed a memorandum of understanding (MoU) with Sempra Infrastructure, a subsidiary of US-based Sempra, on participation in the Vista Pacífico LNG project.
Bolsonaro fires Silva as Petrobras CEO, nominates Pires as replacement
Brazil’s national oil company Petrobras is heading for another management shakeup, as President Jair Bolsonaro has announced plans to terminate and replace the firm’s current CEO, Joaquim Silva e Luna.
Petroecuador to let two tankers loaded with Russian diesel land despite sanctions on Russia
Petroecuador, the national oil company of Ecuador, said last week that it had granted force majeure exemptions to two shipments of diesel from Russia that were reported to be in transit.
Shell starts gas production at Colibri
Shell (UK) said on March 31 that one of its affiliates had launched the Colibri project, which targets a natural gas field that straddles two licence areas offshore Trinidad and Tobago.
VP says Guyanese government is in talks with ExxonMobil on insurance guarantees for Stabroek
Guyana’s Vice President Bharrat Jagdeo has announced that the government is in talks with ExxonMobil on securing an insurance guarantee that will cover the entire Stabroek offshore block in the event of an oil spill.
Upsides of Guyana’s GTP project
Industry analysts say Guyana's gas-to-power scheme will help the country cut emissions, improve economy and also bolster energy security.
Paraguayan president signs motor fuel price subsidy bill into law
Paraguay’s government has enacted a bill that subsidises the cost of motor fuel sold at filling stations owned by Petróleos Paraguayos (Petropar), the state-run petroleum product concern, for at least two months.
ExxonMobil strikes out at Cutthroat-1
ExxonMobil (US) has reportedly seen disappointing results from Cutthroat-1, a wildcat well drilled at SEAL-M-428, an ultra-deepwater block in the deepwater Sergipe-Alagoas basin offshore Brazil.
CADE agrees to give Petrobras more time to sell seven refineries
CADE, the Brazilian government’s anti-trust agency, has granted the national oil company Petrobras more time to complete the sale of seven refineries included in its privatisation programme.
Talos confirms receipt of documents officially naming Pemex as operator of Zama oilfield
US-based Talos Energy has confirmed its receipt of documents from Mexico’s Secretariat of Energy (SENER) finalising the decision to award Pemex control of the offshore acreage that includes the Zama oilfield.
EIG, Fluxys eye 80% stake in GNL Quintero
EIG Energy Partners (US) and Fluxys (Belgium) announced on March 28 that they were teaming up to acquire an 80% stake in GNL Quintero, a Chilean LNG import terminal.
LatAmOil: SENER formally names Pemex as operator of Zama oilfield
US-based Talos Energy has confirmed its receipt of documents from Mexico’s Secretariat of Energy (SENER) finalising the decision to award Pemex control of the offshore acreage that includes the Zama oilfield.
ANP head comments on projected pace of Brazil’s oil production increase
Rodolfo Saboia, the director-general of Brazil’s ANP, said last week that his country was on track to raise its hydrocarbon production by 3mn barrels of oil equivalent per day by the end of the decade.
Pemex may change schedule for halting crude oil exports
Mexico City is reportedly considering keeping oil export volumes at 1mn bpd temporarily in order to earn more revenue to cover fuel subsidy expenditures.
Researchers say Mexico’s gas flaring volumes continued to rise in 2021
The Colorado School of Mines’ Earth Observation Group (EOG) has updated its dataset to show that Mexico’s associated gas flaring volumes continued to rise last year.
GO-Invest highlights potential of Block C, Takutu basin
The Guyana Office for Investment (GO-Invest) has published a new prospectus highlighting some of the country’s unlicensed onshore and offshore sites.
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