LatAmOil - Latin America Oil & Gas

Pemex reportedly fails to pay profit-sharing bonuses to traders

Mexico’s national oil company (NOC) Pemex reportedly did not pay the profit-sharing bonuses owed to its traders in May.

Argentina to invest wealth tax revenues in efforts to raise gas production

Argentina’s government revealed last week that it intended to use part of the money it had collected under a special tax programme to support efforts to raise domestic natural gas production levels.

Tullow and partners prepare to select next drilling site at Orinduik

Tullow Oil (UK/Ireland) and its partners in the Orinduik block offshore Guyana are gearing up to choose the site where they intend to drill a new exploration well next year.

Colombia’s ANH launches new bidding round

Colombia’s National Hydrocarbons Agency (ANH) launched a new bidding round last week, offering investors the chance to submit offers for 32 new licence areas.

Trinidad and Tobago eyes green hydrogen production

Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said.

LatAmOil: Trinidad and Tobago eyes green hydrogen production

Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said last week.

ExxonMobil Guyana reports new find at Stabroek’s Longtail-3 well

ExxonMobil Guyana, a subsidiary of US-based ExxonMobil, has announced the discovery of new hydrocarbon reserves in Longtail-3, an exploration well drilled at the Stabroek block offshore Guyana.

Peru holds presidential election, and leftist candidate appears to be ahead

Peruvian voters went to the polls on June 6 to cast ballots in the second round of the presidential election, the outcome of which may have a significant impact on the country’s oil and gas industry.

Yinson to carry out pre-FEED study for FPSOs in Suriname, Angola

Malaysia’s Yinson Holdings has won a contract from TotalEnergies (France) for a pre-FEED study of two FPSO units that the latter company will use to develop fields offshore Suriname and Angola.

President Energy signs farm-out deal for Pirity concession

AIM-listed President Energy reported earlier this week that it had arranged to reduce its 100% stake in the Pirity concession in Paraguay under a farm-out deal.

Drilling resumes at Jabillo-1

ExxonMobil (US) and its partners have resumed work at Jabillo-1, the second exploration well at the Canje block offshore Guyana.

Road blockades lead Petroecuador to declare force majeure on Eden Yuturi oilfield

Petroecuador, the national oil company (NOC) of Ecuador, declared force majeure on the Eden Yuturi oilfield last week, reporting that road blockades had disrupted development operations at the site.

Karoon Energy makes FID on Patola

Karoon Energy (Australia) said last week that it had made a final investment decision (FID) on the development of Patola, an oil-bearing section of Block BM-S-40 in the Santos basin offshore Brazil.

Frontera prepares to resume work at CPE-6 after brief suspension

Frontera Energy (Canada) said on June 7 that it was preparing to resume work at Block CPE-6 in Colombia.

Excelerate FSRU comes online offshore Argentina

Excelerate Energy announced last week that its Exemplar floating storage and regasification unit (FSRU) had started operations offshore the Argentine port of Bahia Blanca.

Black & Veatch to study AET’s LNG-to-power project in Colombia

US-based Black & Veatch has won a contract for a feasibility study of the Andes Energy Terminal (AET) project, an LNG-to-power scheme that would serve consumers in central and south-western Colombia.

LatAmOil: USTDA grant funds LNG-to-power study

US-based Black & Veatch will conduct a feasibility study of the Andes Energy Terminal (AET) project, an LNG-to-power scheme that will serve central and south-western Colombia.

Chokepoints – ten keys that lock up the world. Or do they?

IGU upbeat on global LNG outlook

The International Gas Union’s annual LNG report is upbeat on the outlook for global LNG, and has talked up the role the fuel will play in post-pandemic recovery and the energy transition.

Protests pose obstacles for Colombia’s oil and gas sector

As Colombian oil and gas production levels continue to slip amidst widespread protests, Ecopetrol may have to rethink its performance targets.

US grants Chevron, three service companies another waiver from Venezuelan sanctions

The US Treasury Department has given Chevron and three oilfield service providers permission to continue maintaining a limited presence in Venezuela, despite the continuation of sanctions.

Sempra raises stake in IEnova to 96.4%

US-based Sempra Energy reported last week that it had increased its equity stake in IEnova, its Mexican subsidiary, to 96.4% following the expiry of its share exchange offer.

Liza-1 production could rise to 150,000 bpd next year, Hess COO says

Hess has speculated that production rates at Liza-1, a section of the Stabroek block offshore Guyana, may rise to as much as 150,000 barrels per day next year.

PdVSA may repurpose Petropiar, Petrocedeno upgraders to facilitate gasoline production

Venezuela’s national oil company (NOC) PdVSA is reportedly looking into the possibility of repurposing some of the country’s heavy crude oil upgraders to facilitate gasoline production.

Boskalis making progress on pipeline for LNG-to-power project in El Salvador

Boskalis, a Dutch dredging and offshore services provider, has nearly completed work on a subsea pipeline that will support an LNG-to-power project in El Salvador.