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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NGC hopes to continue gas supply talks with MHTL despite expiration of contract
National Gas Co. (NGC) of Trinidad and Tobago hopes to continue natural gas supply talks with Methanol Holdings (Trinidad) Ltd (MHTL), despite the failure of the latest round of negotiations between the parties.
PetroTal launches 2021 drilling campaign with spudding of 7D well at Bretaña
Canada’s PetroTal reported last week that it had begun work on the first well in its Peruvian drilling programme for 2021.
ExxonMobil testing gas compressor unit on Liza Destiny FPSO
ExxonMobil Guyana has begun testing the flash gas compressor (FGC) on the Liza Destiny FPSO vessel, which is being used to develop the Liza-1 oilfield offshore Guyana.
Sempra to sell infrastructure unit stake to KKR for $3.4bn
US-based Sempra Energy said this week that it had agreed to sell a 20% interest in its Sempra Infrastructure Partners unit to global investment firm KKR for $3.37bn in cash.
ANH gives provisional approval to Platero fracking project
Colombia has taken another step towards the development of its unconventional hydrocarbon resources, via the government’s decision to grant provisional approval to the Platero investigative project.
Petrobras strikes deal with BP on transfer of stakes in six Foz do Amazonas blocks
Brazil’s national oil company (NOC) Petrobras has arranged to take control of six offshore blocks in the Foz do Amazonas basin from a subsidiary of BP (UK).
LatAmOil: Colombia’s progress on the fracking front
Colombia has taken another step down the road towards development of its unconventional hydrocarbon resources, via the government’s decision to grant provisional approval to the Platero investigative project.
Karoon takes steps to focus on Brazil
Australia’s Karoon Energy said earlier this week that it was taking measures to focus on its operations in Brazil, where it is leading the development of Baúna and several other offshore oilfields
Protecting Pemex
Mexico’s president has submitted a bill that would allow government agencies to suspend fuel traders’ licences in the event of “imminent danger ... for national security, energy security or the national economy.”
Maduro offers to pay for COVID-19 vaccines with oil
Venezuelan President Nicolas Maduro said on March 28 that his government was ready to supply crude oil as payment in kind for coronavirus (COVID-19) vaccines.
ExxonMobil aims to restart compressor on Liza Destiny FPSO this week
ExxonMobil Guyana hopes to restart the flash gas compressor (FGC) on the Liza Destiny, the floating production, storage and off-loading (FPSO) vessel that is being used to develop the Liza-1 oilfield, before the end of the week.
Low production costs seen as key to Guyana’s success
Starr Spencer, a senior editor at S&P Global Platts, has identified low production costs as one of the key factors making Guyana an attractive investment destination for international oil companies (IOCs).
Arrow Exploration says Colombia’s Capella oilfield is back online
Canada’s Arrow Exploration reported earlier this week that upstream development operations had resumed at Capella, an oilfield within the Caguan-Putumayo basin in Colombia.
EPA withdraws crucial permit for Limetree Bay refinery
The US Environmental Protection Agency (EPA) reported last week that it had withdrawn a federal permit granted to Limetree Bay Ventures, the operator of the Limetree Bay refinery in the US Virgin Islands.
NFE agrees to supply two plants in Baja California Sur with LNG
US-based New Fortress Energy (NFE) is slated to provide LNG to two thermal power plants in Mexico under a new supply agreement with CFEnergia SA de CV, a subsidiary of that country’s Federal Electricity Commission (CFE).
Talos says SENER will take control of Zama unitisation process
US-based Talos Energy has not been able to strike an agreement on the unitisation of Zama, an oilfield located off the coast of Tabasco State, with several nearby sites assigned to Pemex.
Ecopetrol setting up special committee to value ISA stake
Colombia’s national oil company (NOC) Ecopetrol said last week that it was taking steps to determine the exact value of Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
Petrobras sells RLAM refinery to Mubadala Capital affiliate
Brazil’s national oil company (NOC) Petrobras revealed last week that it had agreed to sell the Landulpho Alves Refinery (RLAM) in Bahia State to an affiliate of Mubadala Capital (UAE/Abu Dhabi).
LatAmOil: AMLO’s latest salvo
Mexican President Andres Manuel Lopez Obrador has reportedly stepped up his campaign to secure state control over the energy industry.
CGX reports on progress of Berbice deepwater port project
Canada’s CGX Energy reported last week that it had resumed work on a deepwater port facility that will support oil and gas projects in Guyana’s offshore zone.
Guyana’s government providing policy support for the oil sector
Guyana's government has been focusing on plans for setting up the Petroleum Commission and establishing a local content policy.
Maha Energy’s Tie-3 well encounters potentially productive zone
Sweden’s Maha Energy has said that electric logging data from Tie-3, an exploration well drilled at the onshore Tie field in the Reconcavo Basin, may reveal a new oil-bearing formation.
Jaguar CEO sees Burgos Basin cutting Mexico’s dependence on gas imports
Warren Levy, the CEO of Mexico’s Jaguar E&P, has been talking up the prospects of the Burgos Basin, an unconventional play that lies south of the border with Texas.
YPF seen investing $1.5bn in Vaca Muerta projects this year
Argentina’s national oil company (NOC) YPF has rolled out plans to invest $1.5bn in Vaca Muerta, one of the world’s largest shale basins.
Pipeline explosion damages gas re-injection plant in Venezuela
Venezuela’s Oil Minister Tareck El Assaimi confirmed on March 20 that a natural gas pipeline in Monagas State had been damaged in an explosion.
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