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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Golar LNG reveals outlook for projects in Africa, South America
Bermuda-registered Golar LNG has issued an update on its activities related to projects in Africa and South America.
Fire casts shadow on Venezuela’s Orimulsion strategy for heavy crude
Sinovensa's fire damage has cast a spotlight on the cracks in Caracas’ strategy for marketing the country’s ultra-heavy crude, which dates back to the 1980s.
NRG: Some forward momentum, but overall restraint
Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.
Guyana exports second oil cargo
Guyana has successfully exported its second cargo of crude oil from Liza, an oilfield within the offshore Stabroek block.
Bolivian government urged to reform laws governing gas sector
Two partners from the energy practice of Indacochea & Asociados, a law firm based in Santa Cruz, have expressed concern about the future of Bolivia’s natural gas sector.
Argentina reports VLSFO production, sales up in Q1-2020
Argentina has reported a slight increase in the production of very low-sulphur fuel oil (VLSFO) in the first quarter of 2020, following the introduction of new marine fuel specifications by the International Maritime Organisation (IMO).
PdVSA refinery aims to resume deliveries of petroleum coke to Cuba
Venezuela’s national oil company (NOC) PdVSA is reportedly looking to resume shipments of petroleum coke to Cuba in the near future.
Guyana names 35 applicants in oil marketing agency tender
Guyana’s Department of Energy has identified the 35 companies that submitted expressions of interest last month in a tender for its oil marketing agency contract.
Colombian government eyes pipeline tariff intervention
The Colombian government is reportedly considering making cuts to oil pipeline tariffs, which private producers have criticised as being too high.
Shell starts drilling Saturn block offshore Brazil
The Anglo-Dutch oil major Royal Dutch Shell has begun drilling at Saturn, a block in the Santos Basin offshore Brazil.
Mexican independent says gas sector is still attractive despite turmoil
The head of an independent company believes that Mexico’s natural gas sector still offers new opportunities for investment, despite the ongoing turmoil in global energy markets.
Argentina’s new $45 domestic oil price gets mixed reception
Argentina’s decision to establish a local crude oil reference price of $45 per barrel has been welcomed by the market, but some analysts fear that the move may leave the South American country unable to rebuild production quickly.
NRG: Signs of cautious optimism
Producers and investors remain cautious, as the coronavirus pandemic continues to affect energy demand, but are starting to plan for the post-crisis period.
Brazil set to adopt new E27 gasoline specifications in August
Brazil is gearing up for the introduction of new specifications for E27 gasoline on August 3.
Retail fuel association reports gasoline consumption down in Mexico
Onexpo, a Mexican retail fuel association, reported last week that gasoline consumption had dropped significantly as a result of the measures introduced to contain the coronavirus pandemic.
Argentina’s artificial prices
Buenos Aires has adopted a minimum reference price of $45 per barrel for Medanito crude, in a move that enjoys broad domestic support.
Premier Oil says Navitas remains keen on Sea Lion farm-in deal
Premier Oil says Navitas Petroleum remains eager to farm into a Falkand Islands oil project.
Petrobras books impairment on E&P assets
Petrobras has taken a BRL65.3bn ($11.4bn) impairment on its exploration and production assets, but it still insists that its results have not yet been affected by the coronavirus pandemic.
PdVSA partner said to have received at least two Venezuelan crude cargoes
GPB Global Resources, a joint venture partner of Venezuela’s state oil company PdVSA, has reportedly received at least two cargoes of Venezuelan crude in recent months.
FBI reportedly probes foreign firms over Venezuelan oil trade allegations
The FBI is reportedly probing several Mexican and European companies that are allegedly involved in trading oil from Venezuela.
Petrobras makes oil finds at Buzios, Albacora fields
Petrobras has reported two new finds in the oil-rich pre-salt region, its core producing area.
NRG: A slow and painful recovery
The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come
Petrobras says no more oil production cuts needed
Petrobras has said it sees no need for more further short-term cuts in oil production, despite lower oil prices and the economic fallout from the coronavirus pandemic.
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