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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Gas troubles in Trinidad and Tobago
Trinidad and Tobago's gas sector is under pressure, both at home and in the export market.
ExxonMobil loads first 1mn barrel cargo of Guyanese oil
ExxonMobil said it had loaded and dispatched its first cargo of crude oil from the first stage of Liza, a field that lies offshore Guyana, on January 20.
Pemex issues $5bn worth of 11- and 40-year bonds
Mexico’s national oil company (NOC) Pemex said on January 21 that it was issuing $5bn worth of new medium- and long-term bonds denominated in US dollars.
Chevron secures 90-day extension of US sanctions waiver
The US Treasury Department has extended Chevron’s exemption from sanctions that limit investment in the Venezuelan oil and gas industry for 90 days.
Brasco, APM Terminals will set up logistics base to support Premier Oil
Brasco, an affiliate of Brazil’s Wilson Sons Group, is teaming up with APM Terminals of the Netherlands to establish a temporary logistics base for offshore work in the Ceará Basin.
Wärtsilä to carry out gas-to-power project in Brazil
Finland’s Wärtsilä has agreed to work with Rio Amazonas Energia (RAESA) on a project that will expand natural gas consumption in Brazil.
Equinor installs new fixed wellhead platform at Brazil’s Peregrino field
Norway’s Equinor said last week that it had installed a new platform at the Peregrino field offshore Brazil.
Global Infrastructure Partners eyes joint bid in Brazilian refinery sale
US-based Global Infrastructure Partners (GIP) is reportedly planning to team up with Brazil’s Raízen to participate in a privatisation sale covering four large refineries owned by the national oil company (NOC), Petrobras.
Argentina hopes new regulations will attract oil, gas investment
Argentina’s President Alberto Fernandez is reportedly gearing up to send legislation to Congress outlining plans for the establishment of a new regulatory framework for oil and gas investment.
GeoPark boosts Colombia assets through Amerisur acquisition
GeoPark, a New York-listed company focused on Latin American upstream projects, has wrapped up its previously announced acquisition of Amerisur Resources. The deal adds significant new assets in Colombia to the US firm’s portfolio.
Japan’s MODEC seeks to grow offshore Brazil
Japan’s MODEC, a manufacturer of floating oil and gas equipment, has said it plans to grow its business in Brazil, the largest oil producer in South America, by winning one or two major platform contracts each year.
Tullow Oil prepares for a write-down
Setbacks in South America and Africa will continue to pose problems for Tullow Oil in 2020, but the company is trying to regroup.
Mexico has reportedly made information on annual oil hedge a state secret
Mexico’s government has reportedly designated certain information about its annual crude oil hedging programme as a state secret.
Chilean authorities charge ENAP with violating fracking protocols
ENAP, the national oil company (NOC) of Chile, has been accused of failing to comply with the protocols governing a hydraulic fracturing (fracking) programme at the Arenal field.
Petrobras unloads its last Nigerian assets
Petrobras, the state-owned oil company of Brazil, has wrapped up its operations in Africa by finalising the sale of its remaining Nigerian assets.
YPFB granted permission to pump gas to other customers in Brazil
Brazil’s government revealed last week that it had authorised Bolivia’s national oil company (NOC) YPFB to target a wider range of customers.
Brazil eyes mechanism to reduce impact of high global oil prices
The Brazilian government is looking into establishing a mechanism that would reduce the potential impact of high international crude prices on the country’s domestic fuel market.
Brazil’s Cosan seeks permits for new gas export route
Brazilian conglomerate Cosan has applied for environmental permits to build a second section of an offshore natural gas export pipeline.
Karoon Gas ready to drill Peru’s Marina-1 exploration well
The Australian oil and gas company Karoon Gas has said it is ready to drill the Marina-1 exploration well in Peru’s Tumbes Basin alongside its project partners, Tullow Oil and Pitkin Petroleum.
Eagle LNG Partners awards contract for small-scale LNG plant
US-based Eagle LNG Partners has awarded an engineering, procurement, fabrication and construction (EPFC) contract for a small-scale LNG project that will target buyers in the Caribbean Sea region.
Maduro, opposition MPs spar over proposed changes to JV ownership
Venezuelan President Nicolas Maduro's plans for authorising changes in PdVSA JV ownership have stalled amidst ongoing conflict with the political opposition over control of the legislature.
Guyana attains oil producer status
ExxonMobil and its partners began extracting oil from the offshore Liza field on December 20, and they may see production rise to 750,000 bpd within five years.
Energía del Pacífico moving ahead with LNG project in El Salvador
The Energía del Pacífico (EDP) venture is working to establish the infrastructure facilities needed to allow EDP to import and regasify LNG so that it can serve as fuel for a thermal power plant (TPP).
Klesch Group to take control of Curacao refinery, edging out PdVSA
Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant, has recently agreed to a buy-out deal with the Klesch Group, a privately held international industrial commodities firm.
Pemex’s plans to speed up drilling fall flat
Mexico’s national oil company (NOC) Pemex has failed in its effort to accelerate drilling at 20 key fields in 2019 by using local service providers.
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