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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ExxonMobil aims to launch 12-well drilling programme at Canje in Q1-2022
Esso Exploration and Production Guyana Ltd (EEPGL), a subsidiary of US-based ExxonMobil, has said it hopes to launch a 12-well drilling programme at the offshore Canje block next year.
Venezuela crude output drops slightly to 520,000 bpd in August
Venezuelan crude oil output reportedly dropped to 520,000 barrels per day in August, below the target figure of 535,000 bpd announced by Oil Minister Tareck El Aissami earlier this year.
Enauta takes well offline at Atlanta
The Brazilian independent Enauta Participações said earlier this week that it had suspended production at one of its three development wells at Atlanta, an offshore oilfield in the Santos basin.
New discoveries made at Pinktail, Turbot sections of Stabroek
ExxonMobil Guyana, a subsidiary of the US-based super-major ExxonMobil, has announced two new finds at the prolific Stabroek block offshore Guyana.
Brazil gives Petrobras green light to transfer 50% of Rabo Branco to Petrom
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has approved the transfer of Petrobras’ 50% stake in Rabo Branco, an onshore field in the Sergipe-Alagoas basin, to the Petrom consortium.
ANP considers allowing foreign companies to suggest bidding areas
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) is reportedly considering a plan that would allow foreign companies to suggest what areas should be included in future bidding rounds.
Trouble in Deer Park
Pemex is pursuing a refinery takeover deal that is likely to put further strain on its shaky finances – and draw unwelcome attention from US legislators.
Neuquen Province raises concerns about Argentina’s new oil law
Argentina’s oil-producing Neuquen Province is complaining that the Energy Secretariat has not shared an official copy of its much-anticipated oil and gas investment promotion bill.
GNL Quintero and partners moving ahead with green hydrogen project
The backers of a green hydrogen project in Chile are said to have already arranged to sell more than half of their initial production.
LatAmOil: Chile moving ahead with green hydrogen project
The backers of a green hydrogen project in Chile are said to have already arranged to sell more than half of their initial production.
Energy Ministry not sure if Trinidad and Tobago can reverse decline in LNG output
The Energy Ministry of Trinidad and Tobago has indicated that it is not certain whether the country can reverse the decline in its LNG output over the next few years.
Venezuelan company reportedly buys Inpex’s stakes in two JVs
Japan’s Inpex has sold its stake in two Venezuelan joint ventures to a local company, according to a report from Reuters.
Pemex reportedly working to raise yields at Ku-Maloob-Zaap through nitrogen injection
Mexico’s national oil company Pemex is reportedly injecting nitrogen the offshore Ku-Maloob-Zaap offshore block in a bid to reverse the production declines that followed an explosion at the E-Ku-A2 platform last month.
AMLO’s legislative agenda for the oil and gas sector
Mexico's president wants to amend the constitution to favour the national power provider CFE but is not contemplating a similar measure for the national oil company Pemex.
ExxonMobil spuds Sapote-1 well at Canje
Esso Exploration & Production Guyana Ltd (EEPGL), a subsidiary of ExxonMobil (US), has spudded the Sapote-1 exploration well at the Canje block offshore Guyana.
Guyana reiterates interest in using associated gas to make petrochemicals
Guyana’s Natural Resources Minister Vickram Bharrat has reiterated Georgetown’s interest in finding multiple ways to use associated gas from the Liza-1 and -2 fields at the offshore Stabroek block, operated by ExxonMobil (US).
EIG submits binding offer for two Brazilian pipelines
EIG Global Energy Partners, a US-based private equity firm, has reportedly submitted a binding offer for two natural gas pipeline operators in Brazil.
Venezuela reportedly struck oil-for-food agreement last year
Evidence has emerged that cash-strapped Venezuela struck a deal with a local company to swap crude for food last year, despite the US government’s effort to restrict trade with the Latin American country.
Shell signs first gas supply contract with private company in Brazil
A Brazilian subsidiary of Royal Dutch Shell (UK/Netherlands) has become the first private company to sign a supply contract with a local natural gas distributor.
Petrobras under pressure from shareholders to exclude 14 blocks from 17th Bidding Round
Petrobras has been asked by a group of shareholders to eliminate more than a dozen offshore blocks from the roster of sites included in the 17th Bidding Round.
Petrobras, Excelerate finish negotiations on Bahia LNG lease
Brazil’s national oil company Petrobras has reportedly finished negotiations with US-based Excelerate Energy on a proposed leasing contract for the Bahia LNG terminal and hopes to conclude the contract soon.
LatAmOil: Petrobras shareholders seek to narrow scope of 17th Bidding Round
Petrobras has been asked by a group of shareholders to eliminate more than a dozen offshore blocks from the roster of sites included in the 17th Bidding Round.
PdVSA surrenders 49% stake in Refidomsa under debt-for-equity swap deal
Venezuela’s national oil company PdVSA has surrendered its stake in an oil refinery in the Dominican Republic as compensation for defaulted bond payments.
Mexico takes steps to prevent Vitol, Trafigura from doing business with Pemex
Energy Minister Rocio Nahle announced last week that Mexico’s government had barred two major international commodity traders, Vitol and Trafigura, from doing business with the national oil company Pemex.
Petrobras sells REMAN to Atem
Petrobras revealed earlier this week that it had struck an agreement with Atem, a local fuel distributor, for the sale of Refinaria Isaac Sabba (REMAN), a 46,000 barrel per day refinery in Amazonas State.
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