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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Details are emerging about Tullow and Petronas drilling plans offshore Suriname
Details have emerged about plans by two international oil companies (IOCs) to drill in Suriname’s offshore zone.
NRG: Emerging bright spots
Even as major companies continue to report quarterly losses, world crude oil prices have remained steady and some LNG markets are still heading for growth.
Sempra Energy, IENova say export permit is holding up FID on LNG project
IENova, the Mexican subsidiary of California-based Sempra Energy, is still hoping to begin work on the Energía Costa Azul LNG project soon, though it is still waiting for Mexico to issue an export permit.
Staatsolie hoping to join Block 58 project
Staatsolie, the national oil company (NOC) of Suriname, has said it may seek its own stake in Block 58, an offshore licence area where Apache (US) and its partner Total (France) have made three oil discoveries.
Suriname: What’s at stake in this year’s oil finds?
Apache and Total have made three discoveries at Block 58 offshore Suriname this year, against a backdrop of economic upheaval and political transition.
Petroamazonas scales back drilling operations to battle COVID-19
Petroamazonas, a state-owned oil operator in Ecuador, announced on July 29 that it intended to scale back drilling operations at Block 43, also known as ITT, by 30%.
Hess: Two new oil reservoirs discovered offshore Guyana
The US super-major ExxonMobil has reportedly identified two new oil reservoirs within the Stabroek block offshore Guyana.
Australia’s Karoon renegotiates Brazil oilfield acquisition
Australian independent Karoon Energy has renegotiated payment terms with Brazil’s state-run Petrobras for the acquisition of the offshore Bauna oilfield.
Senkata gas plant suspends production amidst wave of COVID-19 infections
Two of Bolivia’s largest cities are reporting shortages of LPG, owing to the spread of coronavirus (COVID-19) cases among the workers of the Senkata gas plant in El Alto.
Mexico reportedly seeking quotes for 2021 oil hedge
The Mexican government has asked banks to submit quotes for its annual oil hedging programme, but the country is expected to pay more for less coverage in 2021 because of higher market volatility this year.
Shell drills dry hole at Brazil’s Saturno prospect
Royal Dutch Shell’s first well at the Saturno prospect in Brazil has reportedly turned out to be a dry hole.
Petrobras approves tender to build three new FPSOs at Búzios
Brazil’s state-controlled oil and gas company Petrobras will soon launch a tender for the construction of three floating production, storage and off-loading (FPSO) units for use at the Búzios oilfield.
Colombia’s Promigas acquires Peruvian distributor Gascop
Colombian natural gas transporter Promigas has expanded its portfolio in neighbouring Peru by acquiring Gas Comprimido del Perú (Gascop).
Venezuelan opposition leader’s US envoy to probe alleged oil resales
Venezuelan opposition leader Juan Guaido’s US envoy has said he will investigate the possibility that Cuba is reselling some of the crude oil and refined fuels that it buys from Venezuela on favourable terms.
NRG: Beyond oil
Curaçao’s plans for restarting the Isla refinery fizzle
RdK, the state-owned company that operates Curaçao’s Isla refinery, has reported that talks with Klesch Group have collapsed.
Wärtsilä to build fuel-switching power plant in USVI
Finland’s Wärtsilä is set to help the US Virgin Islands (USVI) move forward with plans to increase the use of LPG as a fuel for electricity generation.
Ecopetrol makes upward revision to capital investment budget for 2020
Colombia’s national oil company (NOC) Ecopetrol has raised its capital investment budget for 2020.
Okra Energy subsidiary to deliver LNG to Mexico’s Énestas
A subsidiary of US-based Okra Energy has announced plans to deliver LNG to a customer in Mexico.
Petrobras completes stake sale of oilfield cluster to Trident
Brazil’s state-run oil and gas major Petrobras has completed the sale of a stake in Polos de Pampo e Enchova, a cluster of 10 offshore oilfields, to the independent company Trident Energy do Brasil.
Brazil increases crude oil exports by 36.8% in first half of 2020
Brazil increased its exports of crude oil by 36.8% year on year in the first six months of 2020, according to government foreign trade data.
Petrobras halts aviation gasoline imports
Brazil’s state-run oil firm Petrobras has stopped importing aviation gasoline (avgas) as a preventative measure, following tests on a batch flagged for potential problems.
Argentina’s oil production plunges to lowest level in 20 years
Argentina has reported that crude oil production plunged to its lowest level in 20 years in May.
Former Pemex boss extradited from Spain to face corruption charges
Emilio Lozoya, the former head of Mexico’s state oil and gas major Pemex, has been extradited from Spain to face allegations of corruption related to bribery at a Brazilian construction firm.
NRG: A global mixed bag
The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”
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