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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What’s next for PHRT’s Limetree Bay Refinery?
As the US EPA prepares to permit the removal of hazardous chemicals from the Limetree Bay Refinery, USVI Governor Albert Bryan Jr. accuses the agency of being politically motivated.
Industrial gas tariffs reported down in 12 Brazilian states in February
No less than 12 of the 20 state-level natural gas distributors that Argus Media monitors in Brazil have reduced their tariffs for industrial consumers in February.
ExxonMobil confirms plan to bid for Guyanese blocks
ExxonMobil’s Guyanese subsidiary has confirmed that it intends to make an offer for some of the 14 new blocks that Georgetown began offering to investors in December of last year.
Equinor to postpone first oil at Bacalhau
The Norwegian oil company Equinor intends to postpone the start of production at Bacalhau, an offshore oilfield in the pre-salt section of the Santos basin.
Pemex refineries continue to fall short of capacity utilisation targets
Mexico's Pemex fell far short of its goals for boosting refining capacity utilisation in 2022 and is likely to continue underperforming this year and next year.
Corruption probe dislodges new head of Petroecuador
Hugo Aguiar, the head of Ecuador’s national oil company, resigned from his post after his home and offices were searched in the course of a corruption investigation.
OVL eyes Argentina’s gas
ONGC Videsh Ltd (OVL), the overseas arm of India’s Oil and Natural Gas Corp. (ONGC), is showing interest in Argentina’s natural gas reserves.
ExxonMobil Guyana will assess potential of sites near Stabroek’s Ranger field in 2023
ExxonMobil will seek to determine the potential of sites near Ranger, an isolated oilfield discovered at the Stabroek block offshore Guyana, via this year’s drilling programme.
Oil workers’ union says Petrobras should change FPSO contract practices to boost local content
The Federation of Petroleum Workers (FUP) has criticised Brazil's Petrobras for its practices in ordering FPSOs, saying changes are needed to boost local content.
APA reports successful drilling and flow test at SPS-2 well offshore Suriname
TotalEnergies and APA Corp. have successfully completed the drilling and flow testing of the Sapakara South-2 appraisal well at Block 58 offshore Suriname.
Sergipe state to grant TAG tax break for pipeline linking its network to LNG terminal
TAG, Brazil’s largest natural gas transporter, will be granted a tax break for the construction of a pipeline that will connect its network to an LNG import terminal in the port of Sergipe.
Progress toward Dragon gas deal
Trinidad and Tobago’s energy minister heads to Caracas less than three weeks after PM Rowley’s announcement of a US sanctions waiver
ATOME Energy, Cavendish set up green ammonia and fertiliser JV in Costa Rica
ATOME Energy has set up a new JV with Cavendish, the renewable energy arm of Costa Rica's Grupo Purdy, to develop green ammonia and fertiliser projects in Central America and the Caribbean.
RAMPS Logistics CEO hails US government’s decision to waive sanctions on Dragon gas project
Shaun Rampersad, the CEO of Trinidad and Tobago’s RAMPS Logistics, has hailed the US government’s decision to waive sanctions to permit the development of Venezuela's Dragon natural gas field.
Head of YPFB says Bolivia is in no danger of becoming a net gas importer
YPFB, the national oil company of Bolivia, has dismissed speculation about the possibility that the country might lose its status as an exporter of natural gas and become a net importer by 2030.
Mexico Pacific, ExxonMobil sign long-term supply deals for Saguaro LNG
Houston-based Mexico Pacific Ltd has agreed to supply a subsidiary of the US super-major ExxonMobil with LNG from a new plant it intends to construct in Sonora State.
Ecopetrol to continue investing in oil and gas despite expanding focus on renewables
Colombia’s Ecopetrol will continue to invest in oil and gas exploration and development, even as it expands its operations in the area of low-carbon energy, CEO Felipe Bayon says.
Perupetro ready to negotiate directly with investors for 31 new exploration licences
Peru’s national oil and gas concessionaire Perupetro has opened up 31 new exploration licences for investment and is prepared to negotiate directly with prospective partners.
Peru LNG reports exports up m/m in January
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, has reported that it saw LNG export volumes rise month on month in January 2023.
Iranian feedstock and expertise heading for Venezuela
ANCAP chief: Refinery remodelling will force Uruguay to import fuel in September-December
Uruguay's ANCAP will have to import petroleum products during the last four months of the year while its only refinery is remodelled.
Frontera estimates total cost of Wei-1 well at $160-170mn
Canada’s Frontera Energy has said it expects the cost of drilling Wei-1, the second exploration well at the Corentyne block offshore Guyana, to reach $160-170mn.
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