LatAmOil - Latin America Oil & Gas

Karoon, Pitkin at odds over exploration drilling at Block Z-38

Australia’s Karoon Energy is at odds with one of its partners in a Peruvian exploration project with respect to exploration drilling plans.

Petrobras appeals Bolivian court’s ruling on ownership of gas field

Brazil’s national oil company (NOC) Petrobras is reportedly seeking to overturn a Bolivian court’s decision on the ownership of a large natural gas field.

Hess, ExxonMobil expect work on Yellowtail project to move ahead quickly

ExxonMobil and Hess have both indicated that they expect to move forward quickly with preparations for oil production at Yellowtail, the fourth section of the Stabroek block offshore Guyana slated for development.

Equinor announces Bacalhau FID

Equinor (Norway) and its partners have made a final investment decision (FID) on the development of Bacalhau, an offshore oilfield in the pre-salt zone of the Santos basin.

LatAmOil: Hess, ExxonMobil optimistic about Yellowtail project

ExxonMobil and Hess both expect to move forward quickly with preparations for oil production at Yellowtail, the fourth section of the Stabroek block offshore Guyana slated for development.

Ecopetrol reports impact of protests on operations

Colombia’s Ecopetrol said this week that it had encountered difficulties as a result of the protests taking place across the country for almost a month.

Chile seeks to compete with Europe on hydrogen

Chilean green hydrogen could cost less than $1.3per kg by 2025, the country’s Minister of Energy and Mining, Juan Carlos Jobet, said.

Hess increases stake in Guyana’s Kaieteur block

US independent Hess has increased its stake in the Kaieteur block offshore Guyana from 15% to 20%, according to Westmount Energy, a shareholder in Cataleya Energy, which farmed down the 5% stake to Hess for an undisclosed sum.

Brazilian regulator approves more Petrobras asset transfers

Brazil’s regulator, ANP, has approved the transfer of two onshore assets from state-owned Petrobras to private companies.

Scepticism over Argentina’s LNG export potential

Argentina’s ambitions to become a major LNG exporter appear unlikely to be realised in the shorter term, and the country’s producers are prioritising regional pipeline exports.

Peru rations gas amid liquefaction plant outage

Gases del Pacifico-Quavii, a subsidiary of Colombia's Promigas and one of Peru’s leading natural gas distributors, is rationing supply following an outage at the Peru LNG liquefaction plant, on which it relies for gas.

New Fortress seeks court review of FERC’s Puerto Rico LNG decision

New Fortress Energy has asked a federal appeals court to review a US Federal Energy Regulatory Commission decision asserting jurisdiction over the San Juan LNG terminal in Puerto Rico and requiring the company to apply for a permit for the facility.

Buyers emerge for Shell’s refineries

News of two separate US refinery sales by Shell emerged over the past week, with Mexico’s Pemex being one of the buyers, while there were also reports of a bid on a third refinery.

Enbridge-led consortium reportedly bids for Brazilian pipeline

A consortium led by Canada’s Enbridge has reportedly submitted a bid for Brazil’s largest natural gas import pipeline.

LatAmOil: Enbridge-led group bids for Brazilian pipeline

A consortium led by Canada’s Enbridge has reportedly submitted a bid for Brazil’s largest natural gas import pipeline.

GECF rejects IEA call to end upstream investment

COVID-19 exposure forces Saipem to delay launch of logistics base

Italy’s Saipem has postponed the launch of its new logistics base and offshore construction base in Georgetown, the capital of Guyana.

Mexico’s energy priorities vs. the IEA’s climate concerns

Fossil fuels are likely to retain their place at the top of Mexico’s energy balance for the time being, despite the IEA's net-zero recommendations.

ANP reports Brazilian oil production up in April

Brazil’s oil output rose for the second consecutive month in April, according to new data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

EPA orders 60-day shutdown of Limetree Bay refinery

The US Environmental Protection Agency (EPA) has ordered Limetree Bay Ventures, the operator of the US Virgin Islands’ only oil refinery, to suspend operations for a period of 60 days.

Canje drilling programme expected to shed light on extent of Upper Cretaceous play

Westwood Global Energy Group believes that the outcome of ExxonMobil’s exploration drilling programme at the Canje block will help determine how far the Upper Cretaceous play extends through the Guyana-Suriname basin.

ExxonMobil Guyana to restart gas compressor on Liza Destiny FPSO next month

ExxonMobil Guyana is reportedly on track to re-install and restart the flash gas compressor (FGC) system on the Liza Destiny FPSO at the offshore Liza-1 oilfield by the end of June.

Mesa says Colombia’s oil production has dropped below 700,000 bpd

Colombia’s oil production has dropped below the threshold of 700,000 barrels per day (bpd) for the first time in more than a decade, Energy Minister Diego Mesa said earlier this week.

Pemex to build $2.64bn coking plant at Tula refinery

Mexico’s national oil company (NOC) Pemex has said it intends to build a coking plant at the Tula refinery in Hidalgo State.

Outgoing Staatsolie chief comments on potential of Suriname’s first three discoveries

Rudolf Elias, the outgoing managing director of Suriname’s national oil company (NOC) Staatsolie, has said he expects the first three fields discovered in the country’s offshore zone to yield at least 1.4bn barrels of oil equivalent (boe).