LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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Overview

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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Argentina’s artificial prices

21 May 2020

Buenos Aires has adopted a minimum reference price of $45 per barrel for Medanito crude, in a move that enjoys broad domestic support.

Premier Oil says Navitas remains keen on Sea Lion farm-in deal

21 May 2020

Premier Oil says Navitas Petroleum remains eager to farm into a Falkand Islands oil project.

Petrobras books impairment on E&P assets

19 May 2020

Petrobras has taken a BRL65.3bn ($11.4bn) impairment on its exploration and production assets, but it still insists that its results have not yet been affected by the coronavirus pandemic.

PdVSA partner said to have received at least two Venezuelan crude cargoes

19 May 2020

GPB Global Resources, a joint venture partner of Venezuela’s state oil company PdVSA, has reportedly received at least two cargoes of Venezuelan crude in recent months.

FBI reportedly probes foreign firms over Venezuelan oil trade allegations

19 May 2020

The FBI is reportedly probing several Mexican and European companies that are allegedly involved in trading oil from Venezuela.

Petrobras makes oil finds at Buzios, Albacora fields

19 May 2020

Petrobras has reported two new finds in the oil-rich pre-salt region, its core producing area.

NRG: A slow and painful recovery

19 May 2020

The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come

Petrobras says no more oil production cuts needed

19 May 2020

Petrobras has said it sees no need for more further short-term cuts in oil production, despite lower oil prices and the economic fallout from the coronavirus pandemic.

Signs of recovery in Latin America’s downstream sector

14 May 2020

Refineries in Argentina, Brazil and Colombia are seeing throughput levels rise.

Ecopetrol eyes new storage options

14 May 2020

Colombia’s national oil company (NOC) Ecopetrol has joined the ranks of businesses looking for new ways to respond to the global shortage of fuel storage capacity.

Storage tanks at Aruba refinery reportedly drawing strong interest

14 May 2020

Aruba’s offer to lease unused storage capacity at Refineria di Aruba (RdA), an oil-processing plant in San Nicolas, is reportedly drawing strong interest.

Nynas gets relief from US sanctions after PdVSA reduces its stake

14 May 2020

Venezuela’s national oil company (NOC) PdVSA has reduced its stake in Sweden’s Nynas from 50.1% to 15%.

Hess reports on development plans for Stabroek block

13 May 2020

US-based Hess has commented on plans for continuing the development of Stabroek, an oil-bearing block offshore Guyana.

Qatar Petroleum farms into three blocks offshore Mexico

13 May 2020

Qatar Petroleum has signed three farm-in agreements to acquire stakes in three blocks offshore Mexico from the French oil major Total.

Petrobras puts Marlim sale on hold amid pandemic

13 May 2020

Brazil’s state energy firm Petrobras has reportedly put the sale of the Marlim cluster of offshore sites on hold, owing to the coronavirus pandemic.

Ecuador to restart crude loadings after OCP pipeline fixed

13 May 2020

Ecuador is due to restart oil loadings this week, as the Heavy Crude Pipeline (OCP) has been repaired following damage last month.

Argentina’s plan for artificially high domestic oil price gains momentum

13 May 2020

The government of Argentina’s proposal to set a minimum reference price of $45 per barrel of oil in an effort to save the domestic hydrocarbon sector appears to be gaining momentum.

Pemex more exposed than Mexican government to market fluctuations

11 May 2020

Pemex has unveiled details of its hedging programme for 2020, and its revelations indicate that the national oil company (NOC) is more vulnerable to market fluctuations than its parent entity, the Mexican government.

Wintershall strikes oil at two fields within Block 29

7 May 2020

Germany’s Wintershall Dea reported earlier this week that crude oil had been found at two Repsol-operated fields within Block 29, an offshore licence area in the Salina section of the Sureste Basin.

US government investigates Mexico’s oil-for-food deal with Venezuela

7 May 2020

US officials are investigating reports that at least two Mexican companies have been involved in the implementation of an oil-for-food deal signed between the governments of Mexico and Venezuela in 2019.

Ecuador asks Petroamazonas bondholders to accept $175mn payment delay

6 May 2020

Cash-strapped Ecuador has convinced a super-majority of the holders of three-year bonds issued by Petroamazonas, a state-controlled oil company, to accept a delay in payment.

Petrobras seen weathering global oil glut

6 May 2020

Brazil’s national oil company (NOC) Petrobras may be in a unique position to weather the growing global oil glut, owing to its extensive storage capacity and its exports to China.

Guyana collects $60mn in oil revenues

6 May 2020

Guyana says it has already collected around $60mn in oil revenues under production-sharing agreements (PSAs) with the US super-major Exxon Mobil and other international firms.

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