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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Ex-Pemex boss accuses three Mexican presidents of corruption
Emilio Lozoya, the former head of Mexico’s national oil and gas major Pemex, has claimed that three former Mexican presidents were involved in alleged acts of corruption.
PetroTal hopes to bring Bretaña back on stream this month
Canada’s PetroTal is hoping to resume oil production at the Bretaña field in Peru before the end of August.
Panama Canal marks Neopanamax transit milestone
The SK Resolute LNG carrier completed a transit last week that marked the 10,000th journey by a Neopanamax vessel through the Panama Canal since its expansion.
Mexican president urges cancellation of ethane supply contract
Mexico’s president has called for the cancellation of an ethane supply contract between Mexico’s national oil company (NOC) Pemex and the Braskem Idesa SAPI consortium.
ExxonMobil preparing to spud Tanager-1 well at Kaieteur
ExxonMobil (US) and its partners will soon spud the Tanager-1 exploration well drilling at Kaieteur, a block located offshore Guyana.
Panama reports marine fuel sales down significantly in July
The Panama Maritime Authority (AMP) has reported a significant year-on-year decline in the volume of marine fuel sales in July.
Total launches third phase of Mero project offshore Brazil
France’s Total said last week that the consortium set up to develop the offshore Libra block had opted to move ahead with the third phase of work at the Mero field.
Brazilian regulator gives majors more time for wildcatting
ANP, Brazil’s hydrocarbon market regulator, has given major companies including Petrobras, Total and BP more time for wildcatting activity, owing to the coronavirus (COVID-19) pandemic and low oil prices.
Venezuela’s National Assembly demands info on oil spill
Venezuela’s National Assembly has demanded information on an oil spill that has washed up on the country’s shores.
ExxonMobil awarded another block in Argentina’s Vaca Muerta
The US supermajor ExxonMobil has won a 35-year concession for Los Toldos II Oeste, a block in the Vaca Muerta giant shale play, its main focus in Argentina.
NRG: All the news at your fingertip
YPF reports revenues, income, production down in Q2-2020
Argentina’s national oil company (NOC) YPF has reported that its financial and operational performance deteriorated in the second quarter of 2020, largely as a result of the coronavirus (COVID-19) pandemic.
Venezuela-bound fuel seized by US from tankers ‘no longer belonged to Iran’ says oil minister
US ‘grabs Iranian fuel en route to Venezuela’
Move disrupts growing strategic alliance of two sanctioned nations that Washington finds hard to swallow.
PetroTal forced to halt production again in Peru
PetroTal has been forced to halt oil production again at the Bretaña oilfield in Peru.
China pauses Venezuelan loan repayments
China has reportedly agreed to grant Venezuela a grace period on billions of dollars’ worth of oil-for-loan repayments this year.
CFE plant accused of burning fuel oil with excessively high sulphur content
Mexico’s national electricity provider CFE is in the spotlight for allegedly using petroleum products that do not meet national emissions standards at a thermal power plant (TPP) near the capital city.
PetroEcuador, OCP say efforts to mitigate pipeline damage are moving forward
Officials in Ecuador have reported that efforts to repair three pipeline networks damaged by floods, landslides and erosion in mid-April are making progress.
Chinese company to buy stake in GNA’s LNG-to-power project
China’s State Power Investment Corp. (SPIC) has arranged to buy a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.
Guyana may fold Energy Department into Ministry of Natural Resources
Vikram Bharrat, Guyana’s new Minister of Natural Resources, has said that President Irfaan Ali’s administration might re-organise the government agencies responsible for overseeing the country’s oil industry.
Guyana will conduct review before giving approval to Payara project
Guyana’s government expects to decide whether to approve plans for proceeding with development work at Payara, a section of the offshore Stabroek block, by the end of the month, President Irfaan Ali said on August 11.
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
Russia, Argentina moving ahead with joint pipe production plan
Russia and Argentina are moving forward with plans for joint production of steel pipes for oil and gas projects, according to an Argentinian diplomat.
Argentina’s CGC proposes bond swap
Compañía General de Combustibles (CGC) is looking to tender an exchange of $300mn worth of senior unsecured bonds due to mature in 2021 for securities that will be repaid in 2025.
Guyana resolves political impasse
David Granger has stepped down in favour of President-elect Irfaan Ali, clearing the way for exploration and development work to move ahead in Guyana.
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