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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LatAmOil: Ecopetrol requests 90-day suspension of fracking projects
Colombia’s national oil company Ecopetrol has asked ANH, the country’s oil and gas regulator, to suspend its contracts for the Kale and Platero unconventional fields for 90 days.
High European gas prices don’t erase Trinidad and Tobago’s challenges
Trinidad and Tobago's ability to benefit from current European market conditions is constrained by questions about gas supply, production decline and the fate of Atlantic LNG.
TotalEnergies takes FID on Fenix gas field
TotalEnergies (France) has taken a final investment decision on the development of Fenix, a natural gas field in San Sebastian Bay that lies about 60 km off the coast of Tierra del Fuego Province.
CADE gives Gaspetro green light for sale of stakes in four state-level gas distributors
Brazil's anti-trust agency CADE has authorised Gaspetro, a natural gas distribution firm, to proceed with the sale of stakes in four state-level distributors to Termogas, a domestic gas holding company.
Guyana’s VP pushes back against claims of government overspending on Stabroek project
Guyana’s Vice President Bharrat Jagdeo said last week that many Guyanese citizens were overestimating the government’s influence on day-to-day activities at the offshore Stabroek block.
German president says AMLO has offered assistance with LNG
Frank-Walter Steinmeier, President of Germany, said on September 20 that his Mexican counterpart Andres Manuel Lopez Obrador had offered to provide assistance in the realm of LNG supplies.
Ecopetrol seeks 90-day suspension of pilot fracking projects
Columbia’s Ecopetrol has asked ANH, the oil and gas regulator, to suspend its contracts for the Kale and Platero unconventional fields for 90 days in the face of mounting resistance from environmental groups.
Ecopetrol raises capacity of Reficar refinery
Colombia’s national oil company Ecopetrol has reportedly boosted throughput at its refinery in Cartagena and is preparing to expand capacity even further.
Argentina hopes $750mn investment will double Vaca Muerta oil transport capacity
Argentina's Oleoductos del Valle (Oldelval), the national oil pipeline operator, is prepared to invest $750mn in a project that will double the amount of crude oil coming out of the Vaca Muerta shale formation.
Petroecuador announces agreement with PetroChina on oil pricing
Ecuador’s national oil company Petroecuador announced on September 16 that it had struck a deal with PetroChina on the conditions of sale for dozens of cargoes of crude.
Guyana’s VP expects new oil and gas law to be passed by next March
Guyana’s government has begun the process of updating the country’s existing oil and gas law and hopes to adopt a new version in the near future, Vice President Bharrat Jagdeo said last week.
LatAmOil: Trinidad and Tobago’s PM seeks more leverage over gas strategy
Keith Rowley, the prime minister of Trinidad and Tobago, wants his country’s government to have more say in decisions about exploration, production and development strategies in the natural gas sector.
Venezuela announces delivery of third Iran-built oil tanker
Norway’s Yara International seen closing in on deal for Petrobras’ fertiliser unit
The Norwegian chemical company Yara International is close to acquiring UFN-III, a fertiliser production unit that has been put up for sale by Brazil’s state-owned oil giant Petrobras.
No quick start for Lakach project
Pemex has said it hopes the Lakach gas field might start production as early as next year, but recent developments at CNH make this outcome unlikely.
Ecuadorean government, indigenous communities sign deal on 12-month suspension of oil licences
Ecuador’s government has signed an agreement with the leaders of indigenous communities on the suspension of licensing for 15 oil and gas exploration blocks in the Pastaza and Morona Santiago provinces for one year.
Budget committee chair: Mexican government will continue providing extra funding to Pemex
Mexico’s government will continue to provide extra funding in the national oil company Pemex next year but may revise its forecast for crude prices upward, a legislator has said.
AMLO reports agreement with Valero over inflated fuel import invoices
Mexican President Andres Manuel Lopez Obrador says his government has ironed out disagreements with the US-based refiner Valero Energy over inflated invoices for petroleum product imports.
PM says Trinidad and Tobago should have more leverage over gas development strategy
Keith Rowley, the prime minister of Trinidad and Tobago, wants the government to have a greater say in decisions about exploration, production and development strategies in the natural gas sector.
OCP Ecuador asks government to extend 20-year operating contract
OCP Ecuador, the privately-owned consortium that owns and operates Ecuador’s Heavy Crude Pipeline (OCP) system, is seeking to extend its contract beyond contract beyond January 2024.
Staatsolie aiming for operatorship of shallow-water blocks, VP says
Suriname’s national oil company Staatsolie has set the goal of leading development work at shallow-water blocks, according to Glenn Corrie, the state-owned firm’s vice president for offshore operations.
Lula reportedly mulling proposals for reversing refinery privatisation
Advisors to Luiz Inacio Lula da Silva, the top-polling candidate in Brazil’s upcoming presidential election, have mooted the idea of reversing the privatisation of refineries previously owned by Petrobras.
Pemex partially confirms report on methane emissions at Zaap oilfield in December
Mexico's Pemex has partially confirmed a report on methane leaks at the Ku-Maloob-Zaap oilfields in the southern Gulf of Mexico but says the total amount of gas released was smaller than researchers estimated.
LatAmOil: Petrobras considers offering CCS services to third parties
Brazil’s national oil company Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.
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