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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Shell signs PSC for Manatee gas field
The government of Trinidad and Tobago has finalised a production-sharing contract (PSC) with Shell (UK) for Manatee, an offshore natural gas field.
KGL awards contract for FEED-related services on NewGen green hydrogen project
UK-based io consulting, formed by Baker Hughes and McDermott International (US), has won a contract for services related to front-end engineering and design (FEED) work on a green hydrogen project in Trinidad and Tobago.
Thieves seeking gasoline for drug trade targeting Colombian oil pipelines
Colombian oil pipelines are reportedly becoming more attractive targets for criminal gangs seeking crude oil for use the drug trade.
Quito will not block New Stratus from buying 35% stakes in two blocks from Repsol
Ecuador’s government has signalled that it does not intend to block New Stratus Energy, an independent Canadian company, from acquiring minority stakes in two heavy crude oil blocks from Repsol (Spain).
Non-commercial discovery reported at Bonboni-1
TotalEnergies of France and its US-based partner APA have discovered non-commercial reserves of crude oil in Bonboni-1, an exploration well drilled in the northern section of Block 58 offshore Suriname.
ExxonMobil unit orders fourth FPSO for Stabroek
EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be installed at Yellowtail, the fourth development target in Guyana’s offshore zone.
Bermeo says Ecuador’s oil output will top 500,000 bpd by year-end
Ecuador’s Energy Minister Juan Carlos Bermeo has said that the country is on track to see oil production top 500,000 barrels per day by the end of 2021.
ExxonMobil, SBM reportedly discussing fourth FPSO for Stabroek
US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.
LatAmOil: ExxonMobil, SBM discussing fourth FPSO for Stabroek
US-based ExxonMobil is reportedly in discussions with the Dutch contractor SBM Offshore on the construction of a fourth FPSO vessel for installation at the Stabroek block offshore Guyana.
IGU calls for more support for renewable gases
Making the case for oil and gas
Guyana, Suriname and Trinidad and Tobago won’t be following Costa Rica in calling for an end to hydrocarbon exploration.
Atome Energy signs MoU on power deliveries from green hydrogen and ammonia plant
Atome Energy, a subsidiary of UK-based President Energy, has signed a memorandum of understanding with Paraguay’s national power provider ANDE on future supplies of electricity from a green hydrogen and ammonia plant.
Fortescue Future Industries commits to major green hydrogen project in Argentina
Argentina’s government has reportedly struck an agreement with Fortescue Future Industries, an Australian company, on the construction of a green hydrogen plant in Rio Negro Province.
Wärtsilä completes installation of FSRU for LNG-to-power project in El Salvador
Finland’s Wärtsilä reported on November 10 that it had finished installing the BW Tatiana floating storage and regasification unit (FSRU) at its designated site offshore El Salvador, near the port of Acajutla.
Sempra identifies Vista Pacifico LNG project as a high priority
US-based Sempra Energy sees the Vista Pacifico LNG project, which envisions the construction of a gas liquefaction and export terminal in Topolobampo, a port in Mexico’s Sinaloa State, as a high priority.
ING to stop financing oil, gas trading in Peru
The Dutch lender ING Group has said it will no longer finance the trading of crude oil and natural gas in Peru, citing concerns about the impact of the industry on indigenous people.
Brazilian gas utilities seen closing fuel acquisition contracts by year-end
A number of Brazilian natural gas distribution utilities are expected to close fuel acquisition contracts with private suppliers by the end of the year, as the country’s gas sector opens up.
Guyana talks about using gas to generate power, unveils clean energy plan
Guyana is planning to build a new associated gas-fuelled thermal power plant as it moves toward leaving fossil fuels behind, President Irfaan Ali has said.
Mexican judge orders former Pemex CEO to be held in prison
A Mexican judge has issued an order that will see Emilio Lozoya, the former head of Mexico’s national oil company Pemex, held in prison for preventive detention.
Beyond Oil and Gas Alliance aims to end oil and gas production
The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.
LatAmOil: Argentina’s electricity export earnings will fund Vaca Muerta gas pipeline
Argentina expects to use the proceeds of electricity exports to Brazil to finance two major infrastructure projects that will facilitate the development of the Vaca Muerta shale formation.
Argentina will use proceeds of electricity exports to fund gas pipeline construction
Argentina’s Energy Secretariat expects to use the proceeds of electricity exports to Brazil to finance several major infrastructure projects that will facilitate the development of the Vaca Muerta shale formation.
US senators eye Latin American and Caribbean LNG markets
Five members of the US Senate have re-introduced a measure designed to expedite the permit process for small-scale LNG exports.
Petrobras’ third-quarter profits exceed expectations
Brazil's national oil company Petrobras posted a profit of BRL31.14bn ($5.56bn) for the third quarter, outperforming expectations.
Venezuelan oil exports top 700,000 bpd in October
Venezuela succeeded in pushing crude oil export volumes above 700,000 barrels per day in October, according to a Reuters report.
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