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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IEnova comments on impact of changes in Mexican energy laws
IEnova, the Mexican unit of California-based Sempra Energy, has expressed cautious optimism about its prospects for expansion, despite recent shifts in the regulatory environment.
Prospects for a revival of Russian interest in Venezuelan oil
Concerns about US sanctions appear to have convinced Rosneft and its main shareholder, the Russian government, to maintain a low profile in Venezuela’s oil sector.
LatAmOil: Guyana to adopt new model for awarding oil contracts
Guyana is moving away from direct negotiations with international oil companies (IOCs) and will instead conduct licensing rounds.
More oil discovered at Stabroek
ExxonMobil Guyana has found crude in Uaru-2 and is hinting at an increase in the Stabroek block’s estimated reserves.
ANP sees Brazilian drilling activity soaring in 2021
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has indicated that it expects the number of exploration wells drilled in the country to rise by nearly 200% this year.
Guyanese officials reveal details of GTP project
Guyana’s government has revealed more details about its plans for a gas-to-power (GTP) project that will use associated gas from Liza-1, an offshore oilfield within the Stabroek block, as fuel for electricity generation.
Venezuelan MPs prepare to ratify law on confidential contracts with private firms
Members of Venezuela’s National Assembly are reportedly preparing to ratify a law that will allow Caracas to sign confidential agreements with private investors in the oil sector.
US gas exports to Mexico hit new highs
US natural gas exports to Mexico recently rose to record highs and are poised to move even further upwards over the next few months, according to industry observers.
Vaca Muerta output may recover after protesters lift roadblocks
Development operations in Argentina’s Vaca Muerta shale formation have slowed in recent weeks because of labour unrest, but drilling and production may recover now that protesters have agreed to move to different locations.
Tropic Oil: Jamaica may seek a larger share of Caribbean bunkering market
Chelsea Jaouli, the global business development manager of Florida-based Tropic Oil, said earlier this week that Jamaica was in a good position to increase its share of the Caribbean bunkering market.
SENER says Mexico is drawing up legislation to support local oilfield service companies
Mexico’s government wants to see local oilfield service providers (OSPs) play a larger role in upstream exploration and development projects.
Petrobras board approves sale of 10% stake in NTS
Petrobras has secured approval from its board of directors for the planned sale of a minority stake in Nova Transportadora do Sudeste (NTS), one of its former midstream subsidiaries, to a private investor.
Poll results raise concerns about fate of Peru’s gas and mineral resources
Concerns about the future of Peru’s extractive industries are mounting ahead of the next round of the presidential election, as the top-polling candidate has talked about nationalising the country’s natural gas and mineral deposits.
LatAmOil: YPFB to see revenues rise this year
Wilson Zelaya, the CEO of Bolivia’s national oil company (NOC) YPFB, has said that conditions are improving in his country’s hydrocarbon sector.
YPFB sees revenues rising 35% this year
Wilson Zelaya, the CEO of Bolivia’s national oil company (NOC) YPFB, has indicated that conditions are improving in his country’s hydrocarbon sector.
US court clears ExxonMobil to proceed with lawsuit against Cuba’s Cimex
The US federal court system has given ExxonMobil a green light for moving ahead with a lawsuit against a state-owned Cuban company.
RdK says it has leased Bullen Bay terminal to Mercuria
Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, said earlier this week that it had leased a petroleum product storage facility at the Bullen Bay terminal to Mercuria Energy Trading of Cyprus.
AMLO’s energy agenda moves ahead in Congress
Mexican legislators have approved measures that are likely to give state-owned Pemex more control over the downstream sector.
Guyana’s VP comments on cost of gas-to-power project
Guyana’s Vice President Bharrat Jagdeo has said he expects the cost of building a pipeline to deliver associated gas from the Liza-1 offshore oilfield to the domestic market to be less than anticipated.
Energy secretary outlines Argentina’s plans to secure gas supplies for the winter
Argentina’s Energy Secretary Dario Martinez stated last week that the government was working with upstream operators to ensure that the country had adequate supplies of natural gas for the coming heating season.
Frontera to lend CGX $19mn to cover Guyana project expenses
Canada’s Frontera Energy has arranged to lend $19mn to its partner CGX Energy, also based in Canada, to help the latter company cover its share of costs related to several projects in Guyana.
Libra consortium to give up South-east section of offshore block
Libra, a consortium that Brazil’s Petrobras established in 2013 with two state-owned Chinese companies and two European majors to develop an offshore block in the Santos basin, has decided to return part of its licence area.
NFE expands Brazilian portfolio by completing acquisition of Hygo, GMLP
US-based New Fortress Energy (NFE) has expanded its Brazilian gas portfolio by completing the acquisition of Hygo Energy Transition and Golar LNG Partners.
Shell to launch Brazilian drilling campaign in H2-2021
Royal Dutch Shell (UK/Netherlands) has confirmed that its Brazilian subsidiary will launch a new offshore drilling programme later this year.
ExxonMobil working to assess repair requirements for Liza Destiny discharge silencer
ExxonMobil Guyana is working to determine the scope of additional repairs needed for an associated gas compression system on the Liza Destiny, the FPSO it is using to develop the Liza-1 oilfield.
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