LatAmOil - Latin America Oil & Gas

Panama Canal Authority reports LNG tanker transits down 30% in last nine months

The deputy administrator of the Panama Canal Authority (PCA) has said that the number of LNG tankers passing through the Panama Canal had dropped by nearly a third over the last nine months.

Acorn International confirms contract award for EIA of Uaru project

Acorn International, a Houston-based risk management consultancy, has been contracted to carry out an environmental impact assessment (EIA) for Uaru, the fifth development project at the Stabroek block offshore Guyana.

IADB report: Guyana’s oil export revenues set to rise in 2022 and beyond

The Inter-American Development Bank (IADB) said in a new report that it expects Guyana’s oil export revenues to continue rising in 2022 and beyond.

Appointment of new energy minister may signal that Argentina is preparing to cut gas, power subsidies

Argentina’s government appears to be moving closer to making a decision on scaling back domestic subsidies for natural gas and electricity following a reshuffle at the Energy Secretariat.

Colombian utility says PdVSA has proposed gas deliveries via closed cross-border pipeline

Grupo Energia Bogota (GEB), one of Colombia’s largest electricity providers, has received a proposal from Venezuela for the resumption of gas deliveries via a cross-border pipeline after a hiatus of seven years.

PdVSA reportedly diverts Iranian crude to another refinery because of quality issues

Venezuela’s national oil company (NOC) PdVSA has reportedly not been able to process crude received from Iran at its 140,000 barrel per day (bpd) El Palito refinery as planned because of quality issues.

Tullow reports disappointing results from Beebei-Potaro-1 well at Kanuku block

Tullow Oil (UK/Ireland) said on August 5 that drilling operations had been completed at Beebei-Potaro-1, an exploration well at the Kanuku block offshore Guyana, without the discovery of any hydrocarbons.

LatAmOil: Perenco steps up efforts to collect settlement from Ecuador

Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.

Progress report: Guyana’s Gas-to-Energy project

ExxonMobil has recently awarded two “substantial” contracts for the Gas-to-Energy project, and Guyana’s government has issued two RFPs for project management services.

Repsol touts “new dynamic” in relationship with PdVSA after Venezuelan crude supplies resume

Spanish energy and petrochemical company Repsol is exploring a “new dynamic” for its business in Venezuela, the company’s CEO Josu Jon Imaz announced last week.

Hess CEO says ExxonMobil has begun FEED work on Uaru project

ExxonMobil (US) has begun front-end engineering and design work for the Uaru oilfield, its fifth development target at the Stabroek block offshore Guyana, according to John Hess, the CEO of Hess.

ANP extends exploration period by nine months for four blocks operated by ExxonMobil

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) said earlier this week that it had agreed to extend the first exploration period of four offshore blocks assigned to ExxonMobil (US).

OPEC members boost July output, agree small uptick

Perenco steps up efforts to collect legal settlement from Ecuador

Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.

Petrobras exec: Brazilian refinery sales attracting more interest the second time around

Brazil’s national oil company Petrobras says foreign investors have been showing more interest in three refineries that were put back on the market for a second time in late June.

Pemex offers to invest heavily in Zama if Talos accepts its terms

Pemex says it is prepared to invest heavily in the development of Zama, a large oilfield offshore Tabasco State, if Talos Energy, the US-based firm that first found it, accepts the Mexican government’s decision to transfer operatorship.

Conviasa connects Caracas to Tehran

Tullow expected to submit Orinduik drilling programme soon

Tullow Oil (UK/Ireland) is reportedly moving closer to submitting its exploration drilling programme for the Orinduik offshore block to the government of Guyana, according to UK-based Eco (Atlantic) Oil & Gas.

Indian government gives BPCL green light to invest $1.6bn more in Brazilian deepwater project

The government of India has authorised Bharat Petroleum Corp. Ltd (BPCL) to invest another $1.6bn in BM-SEAL-11, a deepwater Brazilian oil block.

Petrobras, Ecopetrol find gas at Uchuva-1

Brazil’s national oil company Petrobras and its Colombian counterpart Ecopetrol have discovered natural gas in Uchuva-1, an exploration well drilled at the Tayrona block offshore Colombia.

LatAmOil: ExxonMobil makes two new finds at Stabroek

US-based ExxonMobil has made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.

Should Brazil copy Nigeria?

The head of Nigeria’s NNPC Ltd is touting his company’s plans to distance itself from government policy on domestic petroleum product pricing, while Petrobras continues to set fuel prices and incur the state’s wrath.

Tenaris wins Búzios contract from Petrobras

Brazil’s national oil company Petrobras has awarded a four-year contract to Luxembourg’s Tenaris for the provision of products and services that will be used for the Búzios deepwater project.

Guyana’s oil revenues likely to top $1bn this year, Rystad Energy says

Research by Rystad Energy indicates that Guyana’s oil revenues are likely to exceed the $1bn mark this year and could surge to $7.5bn per year by 2030.

Echo Energy Plc says gas-fired generators secured for three fields in southern Argentina

AIM-listed Echo Energy and Argentina's Roch have signed a long-term contract for the provision of gas-fired generators that will be used at their fields in the Austral basin.