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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Braskem-Idesa JV makes Advario shareholder in ethane import terminal
The Brazilian-Mexican joint venture Braskem-Idesa (BI) has agreed to make Advario, a Dutch company, a shareholder in the $400mn ethane import terminal it is building in Mexico’s Veracruz State.
LatAmOil: APA finds water in Rasper well offshore Suriname
Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.
APA finds only water in Rasper well offshore Suriname
Houston-based APA Corp. said on June 13 that it had finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.
GasBridge becomes Brazil’s second private company to buy Bolivian gas directly
GasBridge (GBC) has become the second privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.
Colombia’s oil industry awaits election results
Colombia is gearing up for a run-off between Petro, a left-wing candidate who has pledged to halt new exploration, and Hernandez, a right-wing populist who hasn’t had much to say about oil and gas.
Source: Brazilian producers can sustain 2% increase in biodiesel content of trucking fuel
ABIOVE has reportedly said that Brazil’s inventories of vegetable oil are big enough to raise the amount of biodiesel blended into the diesel fuel used by truckers to 12%.
Argentina’s fuel shortages keep spreading
Argentina has reportedly been experiencing more shortages of refined fuels this week, with supply disruptions spreading beyond the northern part of the country and beyond the diesel market.
PdVSA orders filling stations to end subsidy by pricing diesel in US dollars
Venezuela’s national oil company PdVSA has instructed more than 100 filling stations around the country to begin selling diesel in US dollars.
NGC seeks to create hydrogen-based economy
Trinidad and Tobago’s state-owned Natural Gas Co. (NGC) is working with its subsidiary National Energy and independent consultancy Kenesjay Green Ltd to create a sustainable hydrogen-based economy.
PM says Trinidad and Tobago will step up search for gas at maritime borders
Trinidad and Tobago will step up co-operation with other nearby countries to expand exploration for natural gas at and around the borders of its offshore zone in the Caribbean Sea.
AMLO expects a deal with Talos on Zama oilfield soon
Mexico's president expects his government to strike a deal with the US company Talos Energy on unitisation of the Zama oilfield in the near future.
Jagdeo says Guyana ready to reclaim Demerara licence if CGX doesn’t drill exploration wells
Guyana is prepared to reclaim the licence for the Demerara offshore block if Canada’s CGX Energy fails to uphold its exploration drilling commitments.
Hess sees Fangtooth field supporting stand-alone development project at Stabroek
Fangtooth, an oilfield discovered at the Stabroek block offshore Guyana, has been identified as a likely future development target, according to the head of the US independent company Hess.
US reportedly loosening Venezuelan sanctions further by allowing Eni, Repsol to export oil
The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil and gas sector, according to information from a Reuters report.
LatAmOil: US reportedly allowing Eni, Repsol to export Venezuelan oil
The US government appears to be moving forward with steps to loosen sanctions on Venezuela’s oil sector.
Diesel shortages hitting in Bolivia and Argentina
Reports of widespread diesel supply disruptions in northern Argentina and western Bolivia are triggering high-level responses.
Petrobras strikes deal on LUBNOR sale
Petrobras has agreed to sell another downstream asset – namely, the Refinaria Lubrificantes e Derivados do Nordeste (LUBNOR) plant.
YPFB head says economic factors drove decision to cut gas exports to Brazil
Bolivia’s national oil company YPFB says economic factors drove its decision to reduce natural gas flows to Brazil by 6mn cubic metres per day in April and increase deliveries to Argentina.
Suriname planning to hold two additional offshore licensing rounds by mid-2023
The head of Staatsolie, the national oil company of Suriname, has said that his company hopes to stage two additional offshore licensing rounds by the middle of next year.
Bloomberg Economics analyst: Mexican fuel subsidy costs rising faster than oil export earnings
Mexico’s oil export earnings have climbed this year along with world crude prices, but not quickly enough to compensate for rising domestic motor fuel subsidies, according to Bloomberg Economics.
ExxonMobil contracts Acorn International for environmental study of Uaru project
Acorn International, a Houston-based risk management consultancy, has been contracted to carry out an environmental study for Uaru, the fifth development project at the Stabroek block offshore Guyana.
US extends Chevron’s Venezuela waiver
The US Treasury Department has extended the sanctions waiver awarded to Chevron so that the company can maintain a presence in Venezuela.
Trinidad and Tobago’s energy minister criticises report on ability to gain market share in Europe
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has criticised Reuters for a recent report suggesting that Peru is better positioned to capture LNG market share in Europe.
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