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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LatAmOil: ANP notes strong interest in Brazil’s latest bidding round
Brazil’s ANP reported last week that the most recent bidding round, the Third Cycle of the Open Acreage in the Concession Model, had attracted more attention than anticipated.
Alagoas state administration hopes to attract industrial investors with cheap gas supplies
The Brazilian state of Alagoas has been expanding its efforts to attract industrial investors seeking access to less expensive natural gas supplies, according to a report from Argus Media.
Fuel shortages on the rise in Cuba due to higher prices, reduced shipments from Venezuela
Following the Russian invasion of Ukraine, petroleum product shipments to Cuba from Venezuela and other regular suppliers have plummeted far below their usual levels.
Ali says Guyana has received at least six proposals for small refineries in Region Six
Guyana’s President Irfaan Ali has said that at least six companies have submitted proposals to the government for the construction of oil refineries in the East Berbice-Corentyne region, also known as Region Six.
Nahle says Olmeca refinery will cost $9.8bn
Mexico’s Energy Minister Rocio Nahle has acknowledged that the cost of building the Olmeca refinery, formerly known as Dos Bocas, is likely to be closer to $10bn than the originally projected $8bn.
Eni exports first oil cargo from Area 1
Eni (Italy) has successfully off-loaded and exported its first cargo of crude oil from Area 1, a shallow-water licence area located off the coast of Tabasco State, using the Miamte MV 34 FPSO.
YPFB unveils new gas deal with Argentina
Bolivian President Luis Arce revealed last week that the national oil company YPFB had cleared the last obstacles to finalising a new natural gas supply agreement with Argentina.
Details of Firebird LNG project becoming clearer
Phoenix Development Co. seems to be settling on plans for building an offshore pipeline to serve an onshore LNG plant in Suriname, as well as its two onshore facilities in Nickerie.
IAE report: Argentina’s oil and gas production up substantially year on year in February
Argentina saw production of both crude oil and natural gas rise substantially in the month of February, according to a report published on April 11 by the Argentine Institute of Energy (IAE).
Eagle LNG set to negotiate LNG supply deal with Curaçao’s Aqualectra
Eagle LNG Partners (US) and Aqualectra, Curaçao’s public water and power provider, have signalled their intent to hammer out a deal on LNG supplies.
Trinidad and Tobago to reduce fuel subsidies
Colm Imbert, the prime minister of Trinidad and Tobago, announced on April 8 that his government intended to reduce subsidies for petroleum product prices as of April 19.
Shawcor expects to sign pipeline coating contract with Saipem in mid-2022
Canada’s Shawcor expects to sign an agreement in mid-2022 with Italy’s Saipem on pipeline coating services at Yellowtail, the fourth oilfield slated for development within the Stabroek block offshore Guyana.
LatAmOil: Trinidad and Tobago to reduce fuel subsidies
Colm Imbert, the prime minister of Trinidad and Tobago, announced on April 8 that his government intended to reduce subsidies for petroleum product prices as of April 19.
Bolsonaro’s new picks for Petrobras
Brazil's president has named two new nominees for the posts of CEO and chairman after his original appointees came under fire, owing to questions about possible conflicts of interest.
Tenaris submits sole bid in IEASA steel pipe supply tender
Argentina will move forward with the construction of a new pipeline for shale gas from the Vaca Muerta formation, as state-owned Integración Energética SA (IEASA) did receive a bid for its steel pipe supply contract.
Mexico revises plan to eliminate oil exports
In light of the rally in global crude prices, Mexico has decided to revise its plan for diverting domestic oil production from exports to domestic refineries, President Andres Manuel Lopez Obrador has said.
ANCAP turns a profit in 2021 despite Uruguayan government’s fuel price subsidies
Uruguay’s national oil company ANCAP said earlier this week that it had earned a profit of $88mn in 2021 despite the government’s decision to keep domestic pump prices artificially low.
CGX, Frontera file project documents outlining plans for drilling Wei-1 exploration well
Canada’s CGX Energy and its partner Frontera Energy have filed documents with Guyana’s Environmental Protection Agency (EPA) outlining their plans to drill Wei-1, their second exploration well at the Corentyne block.
Petroecuador seeks to expand scope of 2019 oil sale agreement with Shell
Ecuador’s national oil company Petroecuador has told Shell (UK) that it is ready to expand the scope of a crude off-take agreement signed between the parties in December 2019.
EDP receives first LNG shipment in El Salvador via ship-to-ship transfer
BW LNG, a subsidiary of Singapore-based BW Group, reported earlier this week that the Energía del Pacífico (EDP) joint venture had received its first shipment of LNG via ship-to-ship (STS) transfer in El Salvador.
China’s GDG in long-term supply deal with MPL’s Puerto Libertad LNG terminal
China’s Guangzhou Development Group (GDG) has signed a long-term supply agreement for LNG from an export terminal that Houston-based MPL plans to build at Puerto Libertad in Mexico’s Sonora State.
ExxonMobil makes FID on Yellowtail
ExxonMobil (US) announced on April 4 that it had made a final investment decision on Yellowtail, its fourth development project at the Stabroek block offshore Guyana.
LatAmOil: ExxonMobil makes FID on Yellowtail
ExxonMobil (US) has made a final investment decision on Yellowtail, its fourth development project at the Stabroek block offshore Guyana.
Rich countries must cut oil and gas output 74% to ensure fair transition
Rich countries must reduce oil and gas output by 74% by 2030 and fully by 2034 in order to keep the world on track for 1.5°C and give poorer oil-reliant countries longer to replace their income from fossil fuel production.
TotalEnergies, Sempra Infrastructure sign MoU on plans for Vista Pacífico LNG
TotalEnergies (France) has signed a memorandum of understanding (MoU) with Sempra Infrastructure, a subsidiary of US-based Sempra, on participation in the Vista Pacífico LNG project.
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