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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Neuquen governor sees Trans-Andean Pipeline resuming operations next year
Omar Gutierrez, the governor of Argentina’s Neuquen Province, announced last week that the Trans-Andean Pipeline will resume operations in 2022.
Tullow sees Beebei-Potaro well spudded at Kanuku block in mid-2022
Repsol (Spain) is gearing up to drill its next exploration well at the Kanuku block offshore Guyana in mid-2022, according to Tullow Oil (UK/Ireland), a non-operating partner in the project.
Braskem Idesa JV sees US ethane imports reach record high in September
Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, reported recently that it had seen ethane import volumes climb to an all-time high in September of this year.
Energy minister says Trinidad and Tobago sees gas as crucial element of energy transition
Even as leading experts call for replacing natural gas with renewable energy sources, Trinidad and Tobago continues to see gas as the main driver toward energy transition, Energy Minister Stuart Young said last week.
US, Canada, Mexico talk up joint methane strategy plans
The first trilateral North American summit in five years ends with a pledge from Biden, Trudeau and Lopez Obrador to establish a North American strategy for methane and carbon emissions.
US confirms co-ordinated SPR release
The US has teamed up with China, India, South Korea, Japan and the UK to co-ordinate releases from their strategic petroleum reserves.
LatAmOil: Braskem Idesa JV reports US ethane imports up in September
Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, saw ethane import volumes climb to an all-time high in September of this year.
Shell signs PSC for Manatee gas field
The government of Trinidad and Tobago has finalised a production-sharing contract (PSC) with Shell (UK) for Manatee, an offshore natural gas field.
KGL awards contract for FEED-related services on NewGen green hydrogen project
UK-based io consulting, formed by Baker Hughes and McDermott International (US), has won a contract for services related to front-end engineering and design (FEED) work on a green hydrogen project in Trinidad and Tobago.
Thieves seeking gasoline for drug trade targeting Colombian oil pipelines
Colombian oil pipelines are reportedly becoming more attractive targets for criminal gangs seeking crude oil for use the drug trade.
Quito will not block New Stratus from buying 35% stakes in two blocks from Repsol
Ecuador’s government has signalled that it does not intend to block New Stratus Energy, an independent Canadian company, from acquiring minority stakes in two heavy crude oil blocks from Repsol (Spain).
Non-commercial discovery reported at Bonboni-1
TotalEnergies of France and its US-based partner APA have discovered non-commercial reserves of crude oil in Bonboni-1, an exploration well drilled in the northern section of Block 58 offshore Suriname.
ExxonMobil unit orders fourth FPSO for Stabroek
EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be installed at Yellowtail, the fourth development target in Guyana’s offshore zone.
Bermeo says Ecuador’s oil output will top 500,000 bpd by year-end
Ecuador’s Energy Minister Juan Carlos Bermeo has said that the country is on track to see oil production top 500,000 barrels per day by the end of 2021.
ExxonMobil, SBM reportedly discussing fourth FPSO for Stabroek
US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.
LatAmOil: ExxonMobil, SBM discussing fourth FPSO for Stabroek
US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.
IGU calls for more support for renewable gases
Making the case for oil and gas
Guyana, Suriname and Trinidad and Tobago won’t be following Costa Rica in calling for an end to hydrocarbon exploration.
Atome Energy signs MoU on power deliveries from green hydrogen and ammonia plant
Atome Energy, a subsidiary of UK-based President Energy, has signed a memorandum of understanding with Paraguay’s national power provider ANDE on future supplies of electricity from a green hydrogen and ammonia plant.
Fortescue Future Industries commits to major green hydrogen project in Argentina
Argentina’s government has reportedly struck an agreement with Fortescue Future Industries, an Australian company, on the construction of a green hydrogen plant in Rio Negro Province.
Wärtsilä completes installation of FSRU for LNG-to-power project in El Salvador
Finland’s Wärtsilä reported on November 10 that it had finished installing the BW Tatiana floating storage and regasification unit (FSRU) at its designated site offshore El Salvador, near the port of Acajutla.
Sempra identifies Vista Pacifico LNG project as a high priority
US-based Sempra Energy sees the Vista Pacifico LNG project, which envisions the construction of a gas liquefaction and export terminal in Topolobampo, a port in Mexico’s Sinaloa State, as a high priority.
ING to stop financing oil, gas trading in Peru
The Dutch lender ING Group has said it will no longer finance the trading of crude oil and natural gas in Peru, citing concerns about the impact of the industry on indigenous people.
Brazilian gas utilities seen closing fuel acquisition contracts by year-end
A number of Brazilian natural gas distribution utilities are expected to close fuel acquisition contracts with private suppliers by the end of the year, as the country’s gas sector opens up.
Guyana talks about using gas to generate power, unveils clean energy plan
Guyana is planning to build a new associated gas-fuelled thermal power plant as it moves toward leaving fossil fuels behind, President Irfaan Ali has said.
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