LatAmOil - Latin America Oil & Gas

Petrobras CEO to step down

Caio Mário Paes de Andrade, the CEO of Brazil’s national oil company Petrobras, will step down from his position to take another job in the near future.

Bank of Guyana says NRF’s balance is nearing $1.4bn

The Bank of Guyana (BoG) has said that the country’s Natural Resource Fund (NRF) reported a balance equivalent to nearly $1.4bn as of the end of November 2022.

CNH authorises Repsol to withdraw from two blocks offshore Tamaulipas

Mexico's CNH has given Repsol a green light to begin the process of withdrawing from exploration contracts for Area 5 and Area 12 in the Burgos basin off the coast of Tamaulipas State.

Frontera, CGX avoid relinquishment by securing extension to Wei-1 drilling deadline

Canada's Frontera Energy and its affiliate CGX Energy will be able to avoid relinquishing part of the Corentyne block offshore Guyana despite their recent failure to meet an exploration drilling deadline

Guyana’s EPA greenlights GTE project

Guyana’s Environmental Protection Agency (EPA) has given Esso Exploration and Production Guyana Ltd (EEPGL) a green light for the execution of its landmark Gas-to-Energy (GTE) project.

The world's biggest oil producers

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.

LatAmOil: BP affiliate to market Guyanese oil in 2023

Guyana’s government has granted a subsidiary of BP (UK) the right to market its share of crude oil extracted from the Liza-1 and Liza-2 oilfields at the offshore Stabroek block in 2023.

US grants Chevron partial waiver from sanctions on Venezuela

The US Treasury Department has given Chevron limited authorisation to resume oil production in Venezuela.

Massa says Argentina’s government is drawing up new LNG export bill

Argentina's government is drawing up new legislation with the aim of fostering the establishment of LNG export infrastructure and terminals.

OPEC output drops in November after cut pledged

Petrobras completes transfer of 5% stake in Búzios oilfield to CNOOC subsidiary

Petrobras has completed the transfer of a minority stake in Búzios, an offshore oilfield in the pre-salt zone of the Santos basin, to a subsidiary of China National Offshore Oil Corp. (CNOOC).

Pemex imports more fuel in October as refinery throughput and motor fuel output rise

Mexico’s national oil company Pemex has reported that it imported more petroleum products in October, even as it saw refinery throughput and motor fuel output rise.

BP subsidiary to market Guyanese oil in 2023

Guyana’s government has granted a subsidiary of BP (UK) the right to market its share of crude oil extracted from the Liza-1 and Liza-2 oilfields at the offshore Stabroek block in 2023.

Norway’s Kanfer Shipping will supply ships for Nimofast’s LNG hub in Paraná state

Norway’s Kanfer Shipping has agreed to support Nimofast Brasil, a trading company based in Curitiba, in its efforts to establish an LNG hub for small- and medium-scale buyers on the Brazilian coast.

BP launches gas production at Cassia C

BP (UK) announced on November 29 that its subsidiary BP Trinidad and Tobago (bpTT) had begun extracting natural gas from Cassia C, an offshore facility installed about 56 km south-east of Trinidad.

APA and TotalEnergies find no commercial reserves at Awari prospect offshore Suriname

US-based APA Corp. said it had not found oil or gas in Awari-1, an exploration well drilled in the north-western corner of the Block 58 licence area offshore Suriname.

Hess expects ExxonMobil to focus on exploring Stabroek’s deeper intervals for oil

ExxonMobil’s focus in Guyana in 2023 and the first half of 2024 is likely to be exploration of the deeper layers of the Stabroek block.

CGX, Frontera reiterate commitment to drilling Wei-1, say well will be spudded by January 31

CGX Energy and its parent company Frontera Energy have confirmed that they intend to move forward with the drilling of Wei-1, their second exploration well at the Corentyne block offshore Guyana.

LatAmOil: EPA imposes new permitting requirement on USVI refinery

The US EPA has told the owner of the Limetree Bay Refinery in the US Virgin Islands (USVI) that it may not resume operations unless it first obtains a new comprehensive Clean Air Permit.

Petrobras: About to come down from a high point?

As Brazil marks an all-time high in production, Lula appears to be gearing up for major changes at Petrobras.

NFE, Pemex finalise strategic partnership agreement for Lakach gas project

US-based New Fortress Energy (NFE) has finalised an agreement with Mexico's Pemex on the development of Lakach, a deepwater natural gas field.

Washington could authorise Chevron to resume operations in Venezuela soon

Washington may authorise the US major Chevron to resume operations in Venezuela in the very near future, three sources familiar with the matter told Reuters on November 23.

Investigation indicates that companies with US ties are assisting Venezuelan fuel shipments

Two companies with ties to the US appear to be assisting Venezuela in transporting large amounts of petroleum products to the world market via an Iranian-built tanker.

Brazil’s gas re-injection volumes hit new record high in October

Brazil saw the volume of natural and associated gas re-injected into crude oil reservoirs rise to the record high level of 76.4mn cubic metres per day in October of this year.

National Energy Corp. of Trinidad and Tobago will attend conferences to promote energy services

State-owned National Energy Corp. of Trinidad and Tobago will participate in at least three major oil and gas summits next year in an effort to help the country’s energy services sector expand.