LatAmOil - Latin America Oil & Gas

LatAmOil: Indigenous protest halts ONP pipeline flows

A group of indigenous Peruvians took over the facilities of Pump Station #5 along the Northern Oil Pipeline (ONP) last week in an act that forced the national oil company Petroperu, the owner of ONP, to halt crude shipments.

Tenaris exec highlights Argentina’s opportunities in gas development

Javier Martinez Alvarez, Tenaris’ president for the Southern Cone region, said earlier this week that Argentina had a wide range of opportunities for developing its natural and unconventional gas reserves.

Trinidad and Tobago to hold three bidding rounds in 2022

Trinidad and Tobago’s Finance Minister Colm Imbert said earlier this week that Port of Spain hoped to launch multiple licensing rounds for onshore and offshore exploration prospects next year.

Castillo reorganises Cabinet shortly after PM urges higher taxes for gas investors

Questions have arisen about the fate of the Camisea fields, Peru’s largest domestic source of natural gas, following a shake-up in the administration of President Pedro Castillo.

CNOOC on track to acquire another 5% of Búzios

State-owned China National Offshore Oil Corp. (CNOOC) looks set to proceed with its plan to acquire an additional 5% stake in Búzios, one of the four oilfields located within Brazil's Transfer of Rights (TOR) area.

Petrobras reportedly leaning towards PetroRio in Albacora tender but may split fields

Brazil’s national oil company Petrobras has reportedly named a consortium headed by PetroRio, an independent Brazilian firm, as the winner of a bidding contest for the Albacora and Albacora Leste offshore oilfields.

AMLO blasts financial markets’ response to Pemex debt plan

Mexican President Andres Manuel Lopez Obrador has complained about financial markets’ response to his plans for paying off debts owed by the national oil company Pemex.

Melbana reports additional oil shows in Alameda-1 well

Australia’s Melbana Energy has continued to encounter oil shows in Alameda-1, the exploration well it is drilling at the Block 9 licence area onshore Cuba.

ExxonMobil makes new find at Cataback-1

ExxonMobil (US) has made a discovery in Cataback-1, an exploration well drilled at the Stabroek block offshore Guyana.

Venezuela in oil-for-condensate swap deal with Iran

Venezuela’s national oil company (NOC) PdVSA has struck a deal with its Iranian counterpart on a contract that will enable it to acquire supplies of gas condensate.

Colombia’s hydrogen ambitions

The South American country has published its Hydrogen Roadmap, which covers the 2021-2050 period.

LatAmOil: Colombia’s hydrogen ambitions

Colombia’s government has finalised and published a long-term plan for the establishment of a domestic hydrogen industry.

OPEC+ maintains production policy

Pemex, Braskem Idesa strike new ethane deals

With the signing of a revised supply agreement and plans for construction of an ethane import terminal, tensions between Pemex and the Brazilian-Mexican JV seem to have subsided.

Frontera sees Kawa-1 exploration well completed in December

Canada’s Frontera Energy has said it expects Kawa-1, an exploration well at the Corentyne block offshore Guyana, to reach its planned total depth of 6,685 metres in the first half of December.

Keskesi South-1 well at Block 58 contains no commercial reserves

TotalEnergies of France and its US-based partner APA have found hydrocarbons in Keskesi South-1, an appraisal well drilled in the eastern section of Block 58 offshore Suriname, but not in commercial quantities.

Petrobras, Excelerate sign Bahia LNG lease

Brazil’s national oil company Petrobras said earlier this week that it had signed a leasing contract for the Bahia LNG terminal with US-based Excelerate Energy.

Interest in Venezuela’s defaulted bonds picks up following refinery stake swap

Interest in Venezuela’s defaulted bonds is reportedly rising as traders bet that the swap of a stake in the Refidomsa refinery in the Dominican Republic is a sign of more deals to come.

Colombia dismisses Nicaragua's claims over maritime dispute

Lawyers working for Colombia have dismissed Nicaragua’s claims before the International Court of Justice, saying that Bogota does respect a ruling the same court made in 2012 on maritime boundaries in the western Caribbean.

CNH members raise eyebrows at Pemex’s failure to drill at Coyula

Members of Mexico’s National Hydrocarbons Commission (CNH) have voiced concerns about state-owned Pemex’s failure to uphold previous pledges to invest in Coyula, an onshore oil-bearing block in Veracruz State.

Harbour Energy exits contested Falklands project

UK-headquartered independent Harbour Energy has said it will pull out of the controversial Sea Lion oil project off the coast of the Falkland Islands.

Ecuador to fund construction of new transmission system for oil sector

The government of Ecuador will make funds available to private companies for the construction of $1.9bn worth of new energy facilities, including a new transmission system for the oil sector.

LatAmOil: Ecuador funds new transmission system for oil sector

The government of Ecuador will make funds available to private companies for the construction of $1.9bn worth of new energy facilities, including a new transmission system for the oil sector.

Study highlights Mexico’s green hydrogen potential

Mexico has strong potential for the development of green hydrogen projects, according to a newly released study commissioned by the German-Mexico Energy Partnership.

JP Morgan under investigation on charges of bribing Petrobras

JP Morgan Chase & Co., a US-based investment bank and financial services provider, is under federal investigation in Brazil on charges of bribing Petrobras to secure artificially low fuel prices.