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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NRG: Bracing for the second wave
A tale of two refineries
Two Caribbean refineries formerly owned by PdVSA are facing challenges.
Essar Group submits binding offer for RLAM refinery
India’s Essar Group has reportedly submitted an offer for Brazil’s RLAM refinery, bringing the number of companies participating in this stage of the bidding contest up to two.
ICJ begins hearings on Guyana-Venezuela border dispute
The International Court of Justice (ICJ) has begun oral hearings on a border dispute between Guyana and Venezuela that could affect the fate of an ExxonMobil-led offshore project.
Venezuelan oil production and exports fell in June
Venezuela reportedly saw crude oil output and exports drop significantly in the month of June.
Indigenous leaders in Peru seek vote restricting access to Amazon
Indigenous leaders in Peru have urged lawmakers to pass a new bill that would protect large areas of the Amazon from development by oil companies
Guyana shortlists 19 firms for oil marketing contract
The government of Guyana has shortlisted a total of 19 companies for a contract to market its share of oil from the Liza offshore field.
YPF sends force majeure notice to Belgium’s Exmar for Tango LNG
Belgian marine operator Exmar has received written notification of force majeure from Argentina’s state-run oil major YPF for their shared Tango floating LNG (FLNG) project.
Fitch Ratings: Low oil prices, pandemic could affect Colombia for years
The fiscal fallout from the coronavirus pandemic combined with low oil prices could affect Colombia for several years, according to Richard Francis, the director of sovereign ratings at US-based Fitch Ratings.
NRG: Trying to adapt
World oil markets have found some support over the last week, but companies are still adjusting to the new price environment.
New FPSO will boost output of Atapu field 150,000 bpd
France’s Total and its partners are on track to double oil yields at the Block BM-S-11A offshore Brazil, following the launch of a second floating production, storage and off-loading (FPSO) vessel.
Ascent losses widen in 2019
Venezuelan sanctions reach Mexico
Washington has added two Mexican companies and four Mexican citizens to its Venezuelan sanctions list.
Naturgas sees Colombian gas output declining more slowly
Naturgas, a trade association that represents Colombia’s natural gas producers, transporters, distributors and traders, has revised its projections for gas output between 2020 and 2028.
Petrobras ready to comply with ANP’s new gasoline specifications
Brazil’s national oil company (NOC) Petrobras has declared that it is ready to comply with the new regulations governing gasoline quality that will take effect later this year.
Petrobras allows Açu Petroleo to handle more oil exports
Brazil’s national oil company (NOC) Petrobras has agreed to let Açu Petroleo, the operator of an offshore terminal at the port of Açu, export more crude over a two-year period ending in March 2021.
Petroecuador accepts US assistance with pipeline rehabilitation
Petroecuador, the national oil company (NOC) of Ecuador, said last week that it had accepted an offer of assistance from the US with the rehabilitation of a major crude pipeline.
Mexico willing to sell gasoline to Venezuela for “humanitarian” reasons, president says
Mexican President Andres Manuel Lopez Obrador has said that his country would sell gasoline to Venezuela for “humanitarian” reasons if it were asked to, despite US sanctions.
NRG: Cautious steps forward
Welcome to the seventh edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
Mexican government’s oil hedge likely to cost more next year
Mexico’s oil hedge, the largest deal of its kind in the world, is likely to cost more and offer less protection next year.
ExxonMobil restores output at Liza field offshore Guyana
The US super-major ExxonMobil has restored its crude oil production offshore Guyana after fixing a technical problem.
Petrobras kicks off sale process for four offshore fields
Brazil’s state-run oil and gas firm Petrobras has kicked off the sales process for four offshore oilfields: Atum, Curima, Espada and Xareu.
Argentina to resume subsidies that benefit Vaca Muerta blocks
Argentina has decided to resume payments on a subsidy programme designed to support production at a number of natural gas blocks in the giant Vaca Muerta shale formation.
Mexico’s refining strategy leads to HSFO oversupply
Mexico's government is pushing Pemex to produce more gasoline – and finding itself with too much fuel oil as a result.
PdVSA decides against sending gasoline to Cuba
Venezuela’s national oil company PdVSA has reportedly decided against sending some of the gasoline it recently received from Iran to Cuba.
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