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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Ecopetrol, Occidental finalise Permian joint venture agreement
Colombia’s Ecopetrol and US-based Occidental Petroleum have completed a previously announced transaction to form a joint venture focused on the Permian Basin.
Tango LNG’s first commercial cargo sold to Petrobras
Brazil’s national oil company (NOC) Petrobras has been identified as the buyer of the first commercial cargo of LNG lifted from Tango, a floating gas liquefaction plant anchored near Bahia Blanca in Argentina.
GeoPark takes control of Colombia’s Amerisur Resources
GeoPark has arranged to buy Amerisur Resources, a Colombia-based oil and gas operator
BP reports new gas find offshore Trinidad and Tobago
BP Trinidad & Tobago (BPTT), a joint venture formed by BP (UK) and Repsol (Spain), has found natural gas in a new well drilled to the east of the Cashima field.
How is the gas sector faring in Bolivia?
Bolivia's gas sector is waiting to see what happens now that Evo Morales, the country's long-time president, is out of power.
Brazil racks up more disappointment as most oil companies avoid PSC bidding round
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has suffered another major disappointment, as investors stayed away from yet another round of auctions.
Oil and gas executives react to election of new president in Argentina
Oil and gas executives have cautiously expressed concern about the pending political transition in Argentina.
PdVSA hopes deal with Indian company will help oilfields, refineries recover
PdVSA is hopeful that co-operation with a new Indian partner will improve conditions in the oil sector.
US LNG exporters looking at increased shipments via Panama Canal
Exporters of US LNG are poised to send more gas to Asia, taking advantage of new transit slots at the Panama Canal.
Tullow discoveries in Guyana turn out to be heavy sour crude
Tullow has suffered a setback, as its Orinduik block offshore Guyana holds heavy sour crude.
Pemex suffers ransomware attack
Mexico’s national oil company (NOC) Pemex was hit by a ransomware attack at the weekend and is still feeling the effects of this cybersecurity breach.
Tango LNG loads first commercial cargo
Argentina’s national oil company (NOC) YPF has loaded its first commercial cargo of LNG from Tango, a floating gas liquefaction facility.
Antigua and Barbuda will use crowd-funding mechanism to sell 10% of WIOC
Antigua and Barbuda will use a crowd-funding mechanism to let citizens buy into the West Indies Oil Co. (WIOC), the operator of a petroleum product storage and supply complex.
Petrobras seeks to cut the time needed to bring new oilfields on stream
Brazil’s national oil company (NOC) Petrobras is reportedly looking for ways to reduce the amount of time needed to start production at newly discovered oilfields.
Brazil suffers disappointment in transfer of rights licensing round
Most of the IOCs eligible to bid in Brazil's transfer of rights auctions, which covered four blocks in the offshore pre-salt zone, declined to participate.
Falkland Islands authorities extend licences for two offshore blocks
The government of the Falkland Islands has agreed to extend the terms of two agreements on the exploration and development of two offshore blocks.
Ecuador reportedly delays next licensing round in the wake of protests
Ecuador has reportedly delayed its next licensing round in the wake of recent protests over fuel prices.
Guyana will seek marketing agent for oil from Liza field
The Guyanese government will soon finalise arrangements for its portion of the oil extracted from Liza, a field within the Stabroek block.
What are Vaca Muerta’s prospects under Argentina’s new president?
Argentina's president-elect is probably keen to avoid alienating the oil and gas companies that could help the country generate much-needed cash. Even so, he is likely to seek a bigger role for YPF, the national oil company.
ExxonMobil, Hess, CNOOC push Liza-1 start date back to December
Liza-1, the first stage of the Stabroek block offshore Guyana, is reportedly set to begin production ahead of schedule in December.
Brazil’s president welcomes Saudi invitation to join OPEC
According to Brazilian President Jair Bolsonaro, Saudi officials have invited the country to join OPEC.
Pemex bonds get a lift from new data on production, debt load
Mexico’s national oil company (NOC) Pemex has seen its bond prices rise this week, following the release of new data showing improvements in its performance.
Aruba gearing up to offer San Nicolas refinery to outside investors
The government of Aruba is moving forward with plans to offer investors the chance to buy the island state’s only oil refinery, located in the coastal town of San Nicolas.
Sempra, Mitsui sign MoU on LNG
Sempra Energy has entered into a memorandum of understanding with Japan’s Mitsui & Co. that covers the latter's participation in two LNG project expansions.
PdVSA bond payment deadline approaches
PdVSA risks losing control of Citgo, as it will have a hard time paying bondholders $913mn on October 28, and a breakup would benefit neither Maduro nor Guaido.
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