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 collects BRL232.6mn from Vitol settlement
Brazil's state-run oil and gas company Petrobras has received BRL232.6mn ($43mn) in a settlement with global energy trading firm Vitol in relation to the ongoing Lava Jato (Car Wash) corruption scandal.
Signs of improvement for PetroTal in Peru
PetroTal’s outlook for the Bretana oilfield is brighter, thanks to Lima’s new agreement with indigenous communities and the opening of a new export route through Brazil.
Enauta takes control of offshore Atlanta field
The Brazilian independent player Enauta Participações has taken 100% ownership of Block BS-4, which contains the offshore Atlanta field, following its partner Barra Energia’s decision to withdraw from the block last November.
US sanctions drive Halliburton to remove all Venezuela staff
Houston-based Halliburton, one of the world’s largest oilfield services providers, has reportedly removed all staff from its offices in Venezuela in light of US sanctions policy.
Shell set to operate three deepwater blocks offshore Colombia
Colombia’s National Hydrocarbons Agency (ANH), has named a local subsidiary of Royal Dutch Shell (UK/Netherlands) as the operator of exploration and production contracts covering three new deepwater licence areas.
Energy minister: Retail gasoline price controls to be lifted by end-January
Franklin Khan, the energy minister of Trinidad and Tobago, said late last month that his country was on track to lift price controls on the domestic retail gasoline market by the end of January.
ExxonMobil spuds Bulletwood-1 well at Canje block
US-based ExxonMobil has reportedly begun drilling the Bulletwood-1 exploration well at the Canje block offshore Guyana.
Mexico agrees to extend talks on unitisation of Zama deposit
The government of Mexico recently gave the green light to an extension of talks between state-run oil company Pemex and a private consortium led by US-based Talos Energy over Zama, a huge oil deposit discovered in 2017.
A long, strange year: 2020 in review
NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.
NRG: Energy markets edge cautiously into a new year
Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine
Petronas, ExxonMobil report discovery at Sloanea-1
Petronas (Malaysia) and ExxonMobil (US) have discovered hydrocarbons in the Sloanea section of Block 52 offshore Suriname.
Guyanese business associations call for maximising local content
Two private business associations in Guyana have said they hope the international oil companies (IOCs) that are working to explore and develop hydrocarbon deposits in the offshore zone will hire local firms as often as possible.
Karoon ships first cargo of Baúna crude
Australia’s Karoon Energy has shipped its first cargo of crude oil from the Baúna field, located offshore Brazil in the Santos basin.
Peruvian gas output hits year-to-date high in November
Peru’s natural gas production hit its highest monthly level since the beginning of 2020 in November, after plummeting to historic lows earlier in the year as a result of the coronavirus (COVID-19) pandemic.
Eni considers drilling two new wells offshore Mexico
The Italian oil and gas major Eni is looking to sink up to two new oil and gas exploration wells at Cuenca Salina, a deepwater block in the Sureste basin offshore Mexico.
Brazilian Senate approves basic text of gas reform bill
The basic text of Brazil’s new gas reform bill, which was designed to further the process of opening the domestic natural gas market up to private competition, has been approved in the Senate.
Argentina receives bids from 16 firms in gas subsidy auction
The government of Argentina received bids from a total of 16 companies last week in its first round of auctions to supply more than 70mn cubic metres of natural gas at subsidised wellhead prices.
Mexico considers proposals to make Pemex’s tax burden lighter
The Mexican government is considering proposals to lighten the tax burden imposed on Pemex, the national oil company (NOC).
Kosmos Energy finalises sale of African, South American assets to Shell
US-based Kosmos Energy has finalised a farm-down deal involving assets in Africa and South America with Royal Dutch Shell (UK/Netherlands).
NRG: Brent soars to nine-month high
Iranian ‘crude carrier arrives off Venezuelan coast to load oil’
Total expands LNG footprint with ECA LNG equity stake purchase
France’s Total has agreed to buy an equity stake in Sempra Energy’s Energía Costa Azul LNG project, further expanding its already extensive LNG footprint.
Braskem Idesa forced to go without gas
Cenagas’ decision to suspend gas deliveries to Braskem Idesa's Etileno XXI facility puts the Brazilian-Mexican JV in a difficult position.
Khan: Shareholders in Atlantic LNG’s Train 1 seeking new gas suppliers
Shareholders in the first production train of the Atlantic LNG complex in Trinidad and Tobago are still looking for new sources of feedstock ahead of a turnaround programme that is slated to begin next month.
CNH approves Pemex’s unconventional exploration plans
Mexico’s national oil company (NOC) Pemex is taking another look at proposals for exploration of the country’s unconventional hydrocarbon resources.
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