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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Petrobras’ new CEO
With President Lula’s ally in charge, Brazil's national oil company Petrobras is likely to focus more on downstream operations.
Mexican government pledges to continue helping Pemex cover payments to bondholders
Mexico's government has responded positively to requests from the national oil company Pemex for assistance in covering financial obligations to holders of its securities.
Guyana to use World Bank loan funds to expand capacity for oil sector oversight
The government of Guyana revealed last week that it has allocated the sum of GYD500mn ($2.37mn) for improving its capacity for oversight and management of the oil and gas sector.
SPEC LNG seeks to assess gas market players’ interest in expansion of Cartagena import terminal
Sociedad Portuaria El Cayao (SPEC LNG), the operator of Colombia’s only LNG import terminal, is trying to assess the level of interest in proposals for expansion of the facility.
Ecopetrol CEO to step down on March 31
Colombia’s national oil company Ecopetrol is heading for a personnel change, as its CEO Felipe Bayón Pardo is set to step down from his post on March 31.
Petrobras finalises sale of Albacora Leste
Petrobras has completed the sale of Albacora Leste, a pre-salt field in the Campos basin, to a subsidiary of the privately-owned Brazilian company Petro Rio (PRIO).
Rowley says T&T may pay Venezuela for gas with humanitarian supplies instead of cash
Trinidad and Tobago is considering non-cash methods of compensating Venezuela for natural gas from the offshore Dragon field in order to comply with the terms of a US sanctions waiver.
Chevron CEO says Venezuelan JVs are now yielding 90,000 bpd
Mike Wirth, the CEO of Chevron (US), said on January 27 that his company’s joint ventures in Venezuela were currently producing about 90,000 barrels per day.
Guyana’s finance minister says new PSA model will be made public by end-February
Guyana’s Finance Minister Ashni Singh reported last week that the government was set to present the first draft of a new model PSA regime to the public before the end of February.
Court rejects latest attempt to freeze seismic study in North Argentina basin
The Federal Court of Appeals in Mar del Plata has rejected an attempt to overturn a previous legal ruling that green-lit plans for offshore exploration work in portions of the North Argentina basin.
Chile’s HIF gears up to start synthetic gasoline production at Haru Oni plant in March
Chile’s Highly Innovative Fuels (HIF) is reportedly set to launch production of synthetic gasoline at its Haru Oni plant in the city of Punta Arenas in March 2023.
Incoming Petrobras CEO said to be filling senior management positions
Petrobras' incoming CEO has reportedly begun the process of filling the firm’s senior management posts.
Guyana’s president says he opposes distribution of oil revenues amongst members of public
Guyana’s President Irfaan Ali said last week that he opposes suggestions to distribute the country’s oil revenues among members of the population.
US waives sanctions for Dragon gas project
OFAC has given Trinidad and Tobago permission to work with PdVSA and Shell at the Dragon offshore gas field.
PM says Trinidad and Tobago may replace licensing rounds with direct talks on exploration
The government of Trinidad and Tobago is considering the possibility of replacing licensing rounds with direct negotiations on oil and gas exploration deals, Prime Minister Keith Rowley has said.
Federation of Petroleum Workers urges Brazilian authorities to suspend Petrobras sell-offs
The Federation of Petroleum Workers (FUP), a trade union representing Brazilian oil and gas workers, is urging Brazil’s government to put a freeze on the sale of non-core assets by Petrobras.
CNH data show Mexico’s oil output up, gas output down in 2022
Mexico’s National Hydrocarbons Commission (CNH) has published figures showing that the country’s oil production sank in 2022, while natural gas output rose.
Wei-1 well spudded at Corentyne block
Canada’s CGX Energy announced on January 23 that it had spudded Wei-1, the second exploration well at the Corentyne block offshore Guyana.
Guyanese PM provides breakdown of costs and budgeting for GTE project
Guyana’s Prime Minister Mark Phillips offered a detailed breakdown of cost and funding plans for the Gas-to-Energy project that the government is carrying out in co-operation with ExxonMobil.
Velez: Colombia determined to halt new oil and gas exploration contract awards
Colombia’s Energy and Mines Minister Irene Velez said at Davos that her country’s government remains determined to stop awarding new oil and gas exploration contracts.
Perenco’s new FSO departs Dubai shipyard for Pargo oilfield offshore Brazil
Perenco (UK/France) says its new floating storage and off-loading vessel has departed the United Arab Emirates for the Pargo field offshore Brazil.
US-Venezuela relations appear to be shifting
US-Venezuelan ties have moved in a positive direction since late December, and recent developments may signal additional progress.
ConocoPhillips reportedly open to exploring deal for selling Venezuelan crude oil in US
ConocoPhillips is open to exploring a deal to sell Venezuelan oil in the US, sources familiar with the matter have confirmed.
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