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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Colombia’s next tender to open by end-March
Colombia’s government is reportedly set to release the schedule for its next oil and gas licensing round by the end of March.
Repaired equipment ready for return to Liza Destiny FPSO, ExxonMobil says
A contractor for ExxonMobil (US) has completed repair work on faulty equipment from the Liza Destiny FPSO, which is being used to develop Liza-1, the first producing oilfield at the Stabroek block offshore Guyana.
Total, APA halt drilling work at Keskesi East-1
Total (France) and APA (US) have halted drilling work on Keskesi East-1, the fourth exploration well drilled at Block 58 offshore Suriname.
CGX to invest $90mn in exploration offshore Guyana in 2021
Canada’s CGX Energy is preparing to spend about $90mn on exploration work in Guyana’s offshore zone this year.
PetroEcuador to launch drilling programme at ITT block later this year
Ecuador’s national oil company (NOC) PetroEcuador is set to launch a new drilling programme later this year in order to raise crude oil production levels at the Ishpingo-Tambococha-Tiputini (ITT) fields.
ExxonMobil finds non-commercial hydrocarbon reserves in Bulletwood-1 well
ExxonMobil (US) and its partners have failed to find commercial quantities of crude oil or natural gas in Bulletwood-1, the first exploration well drilled at the Canje block offshore Guyana.
Tullow expects to complete GVN-1 well at Block 47 in Q2-2021
Tullow Oil (UK/Ireland) is on track to complete work on the Goliathberg Voltzberg North-1 (GVN-1), which is being drilled at Block 47 offshore Suriname, in the second quarter of 2021.
LatAmOil: Activity offshore Guyana
Activity levels in Guyana’s offshore zone have remained high over the last week.
OPEC+ largely maintains cuts with new deal
Venezuelan sanctions to stay in place
A White House official has indicated that the Biden administration will not make any major changes with respect to Venezuelan sanctions in the near future.
Head of PAE comments on Vaca Muerta gas prospects
Marcos Bulgheroni, the CEO of Argentina’s Pan American Energy (PAE), has said that export-oriented investments and supportive policy will help facilitate the development of unconventional gas resources in the Vaca Muerta shale basin.
Brazilian MPs set to vote on bill allowing third-party gas pipeline access
The lower house of Brazil’s National Assembly was slated to vote earlier this week on legislation permitting third parties to access the natural gas pipeline network, which has been under the monopoly control of state-run Petrobras.
Cenagas resumes gas deliveries to Braskem Idesa’s Etileno XXI
Cenagas, the state-owned operator of Mexico’s natural gas pipeline system, has resumed deliveries of natural gas to Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State.
Uruguay’s ANCAP hopes to diversify into green hydrogen production
Uruguay’s national oil company (NOC) ANCAP has said it wants to diversify its business by investing in green hydrogen production.
Port of Spain rejects OWTU subsidiary’s bid for Petrotrin refinery
Colm Imbert, the finance minister of Trinidad and Tobago, confirmed last week that the government was rejecting the bid made by a local trade union for the Petrotrin oil refinery in Point-a-Pierre, along with associated port facilities.
Fossil fuels’ future role in the spotlight
The future role of fossil fuels in a decarbonising world was being examined at the CERAWeek by IHS Markit conference this week.
Ecopetrol head comments on ISA bid
The head of Colombia’s national oil company (NOC) Ecopetrol has defended his company’s decision to submit a bid for a 51.4% stake in Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
Guyanese company to provide fabrication services for Properity FPSO
Guyana’s Industrial Fabrications (InFab) is one of two local companies that had won contracts from SBM Offshore for fabrication services on the Prosperity floating production, storage and off-loading (FPSO) vessel.
Financial analyst says pipeline for Guyana’s GTP project may cost more than $1bn
Joel Bhagwandin, a financial analyst for JB Consultancy & Associates, says Guyana’s government might have to spend more than $1bn on a pipeline that will allow the country to use domestically produced natural gas for electricity generation.
Pemex reports profit in Q4-2020
Mexico’s national oil company (NOC) Pemex revealed last week that it had turned a profit again in the final quarter of 2020, marking its second consecutive quarterly gain.
Disputes over fuel pricing simmering in Brazil
The dispute between Brazil’s President Jair Bolsonaro and the national oil company (NOC) Petrobras over prices for diesel and other petroleum products appears to be ratcheting up.
LatAmOil: Ecopetrol comments on ISA bid
Colombia’s national oil company (NOC) Ecopetrol has defended its decision to submit a bid for a majority stake in Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
Brazilian government dismisses Petrobras CEO
Roberto Castello Branco has been dismissed from his position as CEO of Petrobras, the national oil company (NOC), and replaced by Joaquim Silva e Luna, an army general who once served as minister of defence.
PetroTal sets 2021 capex budget at $100mn
Canada’s PetroTal said last week that it had set a budget of $100mn for its capital expenditure budget in 2021.
Ecopetrol rolls out 2021-2023 investment budget
Colombia’s national oil company (NOC) Ecopetrol has announced plans to invest $12-15bn in its operations during the 2021-2023 period.
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