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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Guyana’s VP comments on cost of gas-to-power project
Guyana’s Vice President Bharrat Jagdeo has said he expects the cost of building a pipeline to deliver associated gas from the Liza-1 offshore oilfield to the domestic market to be less than anticipated.
Energy secretary outlines Argentina’s plans to secure gas supplies for the winter
Argentina’s Energy Secretary Dario Martinez stated last week that the government was working with upstream operators to ensure that the country had adequate supplies of natural gas for the coming heating season.
Frontera to lend CGX $19mn to cover Guyana project expenses
Canada’s Frontera Energy has arranged to lend $19mn to its partner CGX Energy, also based in Canada, to help the latter company cover its share of costs related to several projects in Guyana.
Libra consortium to give up South-east section of offshore block
Libra, a consortium that Brazil’s Petrobras established in 2013 with two state-owned Chinese companies and two European majors to develop an offshore block in the Santos basin, has decided to return part of its licence area.
NFE expands Brazilian portfolio by completing acquisition of Hygo, GMLP
US-based New Fortress Energy (NFE) has expanded its Brazilian gas portfolio by completing the acquisition of Hygo Energy Transition and Golar LNG Partners.
Shell to launch Brazilian drilling campaign in H2-2021
Royal Dutch Shell (UK/Netherlands) has confirmed that its Brazilian subsidiary will launch a new offshore drilling programme later this year.
ExxonMobil working to assess repair requirements for Liza Destiny discharge silencer
ExxonMobil Guyana is working to determine the scope of additional repairs needed for an associated gas compression system on the Liza Destiny, the FPSO it is using to develop the Liza-1 oilfield.
Natixis unveils plan to stop financing trade in Ecuadorean crude oil
France’s Natixis is set to join the ranks of financial institutions that have stopped supporting trade deals involving Ecuadorean crude oil.
LatAmOil: Natixis to phase out Ecuadorean oil finance
France’s Natixis is set to join the ranks of financial institutions that have stopped supporting trade deals involving Ecuadorean crude oil.
RdK, CORC still in talks on operating contract for Isla refinery
Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, has continued to negotiate with a potential investor, even though the memorandum of understanding (MoU) signed between the parties has lapsed.
Petrobras shareholders approve Luna’s nomination as CEO
Shareholders in Petrobras, the national oil company (NOC) of Brazil, formally approved the nomination of Joaquim Silva e Luna as the firm’s next CEO in a meeting on April 12.
Under pressure in Guyana
ExxonMobil has encountered another problem with the Liza Destiny FPSO’s gas compressor system.
Pemex: Minatitlan refinery will take three months to repair
Mexico’s national oil company (NOC) Pemex has said it will probably need around three months to complete repair work at the Minatitlan refinery in Veracruz State.
Trinidad and Tobago preparing for another attempt to sell Petrotrin
Trinidad and Tobago’s Energy Ministry is reportedly preparing to launch another privatisation campaign for the oil refinery in Point-a-Pierre.
Activity at Vaca Muerta fields affected by labour dispute, road blockages
Labour protests are hampering upstream operations at fields in Vaca Muerta, a massive shale formation in Argentina.
Lasso’s win may be good news for Ecuador’s oil sector
The outcome of Ecuador’s presidential run-off election may be good news for the country’s oil sector.
Completion of unloading operation will allow PetroSucre to resume production at Corocoro
PetroSucre, a joint venture formed by Italy’s Eni and Venezuela’s (NOC) PdVSA, is preparing to resume production at the Corocoro field following the completion of an unloading operation in the Gulf of Paria.
ANP gives green light to Enauta’s takeover of Atlanta oilfield
Brazilian independent Enauta Participações has secured government approval for its bid to secure full control of Block BS-4, a shallow-water site in the Santos Basin that contains the Atlanta oilfield.
Argentina mulls oil price controls
Argentina’s government is looking to establish long-term price controls for the domestic oil market, according to Production Minister Matias Kulfas.
Petrobras signs agreement with government on stakes in Sépia and Atapu blocks
Brazil’s national oil company (NOC) Petrobras has signed an agreement with the government on the size of the stakes it will take in the Sépia and Atapu blocks in the event that federal authorities receive any bids for these two sites.
LatAmOil: Argentina mulls oil price controls
Argentina’s government is looking to establish long-time price controls for the domestic oil market, according to Production Minister Matias Kulfas.
Nahle says Mexico will review permits of fuel retailers suspected of bypassing subsidies
Mexican authorities will review the permits of petroleum product retailers that have not kept their pricing in line with government subsidies, according to Energy Minister Rocio Nahle.
Fernandez offers oil companies a new incentive for raising output, exports
Argentina’s President Alberto Fernandez has offered local and foreign companies an incentive to step up crude oil production and exports.
USTR report voices concern about challenges faced by US companies in Mexico
The Office of the US Trade Representative (USTR) said in a report that Washington was concerned about the increasing number of obstacles facing US-based investors seeking a foothold in Mexico’s oil and gas industry.
NiQuan’s GTL plant reports explosion
An explosion has been reported at the recently launched gas-to-liquids (GTL) plant owned by NiQuan Energy Trinidad Ltd (NETL), a subsidiary of US-based NiQuan Energy.
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