LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Quarantine hits Argentina’s oil and gas sector

25 March 2020

Argentina’s oil and gas industry is already feeling the impact of the wide-ranging quarantine measures that the government imposed last week, according to the national oil company (NOC) YPF.

Sempra Energy postpones FID on Energía Costa Azul LNG

25 March 2020

New York-listed Sempra Energy has delayed its final investment decision (FID) on the construction of an LNG export facility in Baja California, Mexico, and may do the same for a separate project in Texas.

Pemex to cut expenses, contracts amid oil price slide, CEO says

24 March 2020

Mexico’s national oil company (NOC) Pemex is reportedly planning to reduce its administrative expenses and contracts this year in order to help deal with the impact of falling crude oil prices.

Petrobras asks to draw $8bn from revolving credit lines amid pandemic

24 March 2020

Brazil’s state-controlled oil and gas company Petrobras has asked to draw $8bn from its revolving credit lines.

Curacao refinery operator seizes Bonaire terminal from PdVSA subsidiary

24 March 2020

PdVSA has lost control of the BOPEC oil terminal in Bonaire to Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant.

Price slide could cut Brazil exploration budgets by up to $600mn

24 March 2020

The fall in crude oil prices could force Brazil to scale back oil and gas exploration budgets by $300-600mn this year.

YPF to suspend non-critical activities on coronavirus crisis

24 March 2020

Argentina’s national oil company (NOC) YPF has said it will gradually suspend activities that are not critical to its business, as it takes emergency measures in response to the global coronavirus pandemic.

Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears

24 March 2020

Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.

Golar makes moves in Brazil

19 March 2020

Golar Power is expanding its footprint in Brazil’s LNG industry, and has signed a “protocol of intentions” with the government of Pernambuco State to develop an LNG import terminal in the Port of Suape.

A tale of two neighbours

19 March 2020

The plunge in crude oil prices has different implications for new oil producer Guyana and established oil producer Venezuela

Mexico will not resume oil and gas auctions, finance minister says

18 March 2020

Mexico’s Finance Minister Arturo Herrera has said that the government does not intend to resume auctions for joint venture projects with the national oil company (NOC) Pemex.

IMF in talks with Ecuador over impact of oil price drop

17 March 2020

The International Monetary Fund (IMF) has been in talks with Ecuador to try to help the Latin American country navigate the significant drop in oil prices caused by the global coronavirus outbreak.

Tullow Oil optimistic about its chances in 2020, despite lower oil prices

17 March 2020

Africa and Latin America-focused Tullow Oil has taken steps to guard against fluctuations in oil prices but still faces risks in the long term.

Petrobras CEO says oil price plunge will hit his company’s finances in 2020

17 March 2020

Roberto Castello Branco, the CEO of Petrobras, has said he expects the plunge in world crude prices to affect his company’s finances this year.

Peru’s tribal leaders lodge complaint over Amazon pollution with OECD

17 March 2020

Indigenous leaders from Peru have filed a complaint with the Organisation for Economic Co-operation and Development (OECD) about Pluspetrol’s operations in the area of the Amazon River.

Petrobras says Búzios field hits new daily output record

17 March 2020

The Brazilian state-run oil and gas company Petrobras has reached a new output record at the Búzios oilfield.

BAML analysts: Lower oil prices will cut into economic growth in Latin America

16 March 2020

Bank of America Merrill Lynch has scaled back its forecast for economic growth in Latin America in light of the recent drop in crude oil prices.

Mexico touts success of annual oil hedge

16 March 2020

Mexico’s government does not expect to lose any budget revenues as a result of the downturn in world crude markets, and Finance Minister Arturo Herrera attributes this success to the country’s annual oil-hedging programme.

Peru LNG brings export volumes up in February

16 March 2020

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes rise year on year in February.

Argentina reacts to plunging oil prices

12 March 2020

The downturn in world crude markets has raised questions about Argentina’s plans for developing Vaca Muerta fields and restructuring its debts.

Petrobras amends supply contract for Bolivian gas

12 March 2020

Brazil’s national oil company (NOC) Petrobras said last week that it had successfully amended an existing natural gas supply contract with its Bolivian counterpart YPFB.

Wärtsilä signs EPC contract for gas-to-power project in Guyana

12 March 2020

Finland’s Wärtsilä has teamed up with Guyana’s national electricity provider to work on a gas-to-power project.

YPF reports revenues up, operating income down in 2019

12 March 2020

Argentina’s national oil company (NOC) YPF has reported mixed financial results for 2019, with revenues up and operating income down.

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