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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Trinidad and Tobago hopes to wrap up deepwater bidding round soon, energy minister says
Trinidad and Tobago hopes to wrap up its deepwater bidding round soon, Energy Minister Stuart Young says.
Suriname opens new deepwater bidding round by offering six blocks on Demerara Plateau
Suriname has officially launched a new licensing round covering some 43,956 square km of deepwater acreage on the Demerara Plateau.
Melbana to drill two appraisal wells at Block 9
Australia’s Melbana Energy said on November 15 that it had decided to drill two appraisal wells at Block 9, the licence area onshore Cuba that it is developing under a production-sharing contract.
Sycar, PdVSA sign MoU on FLNG project
US-based Sycar has signed a memorandum of understanding with Venezuela’s national oil company PdVSA on the development of an LNG export project.
LatAmOil: Guyana starts first competitive offshore licensing round
Colombian leader urges rapid exit from fossil fuel-driven economy
Petro has issued a call for a politically driven, public-sector energy transition, but his words are not likely to have much short-term impact in Colombia.
Argentina extends ExxonMobil and QatarEnergy’s exploration licence for MLO_113 by one year
Argentina’s Energy Secretariat has agreed to extend the term of the exploration permit granted to subsidiaries of ExxonMobil (US) and QatarEnergy for MLO_113, a block in the West Malvinas basin.
Guyana launches first competitive licensing round for offshore blocks
Guyana has launched its first-ever competitive oil and gas licensing round and is now accepting bids for 14 offshore blocks, the country’s Ministry of Natural Resources said on November 4.
Seadrill launches drilling operations at Bacalhau oilfield, Equinor reports
Norway’s Equinor said last week that its contractor Seadrill Management (UK) had begun drilling operations at Bacalhau, an oilfield located offshore Brazil in the Santos basin.
US reportedly discussing Trinidad and Tobago’s plan to use Venezuelan gas for Atlantic LNG
The US government has reportedly agreed to discuss Trinidad and Tobago’s request for a waiver from sanctions on Venezuela’s oil sector in order to secure more feedstock for Atlantic LNG.
Jagdeo: Guyana’s new refinery will serve domestic consumers, not regional market
Guyana's vice president says the country is building an oil refinery to meet the needs of the domestic fuel market, not because it hopes to supply regional fuel markets.
PdVSA set to deliver two cargoes of oil to Eni in November
Venezuela’s national oil company PdVSA is reportedly set to deliver two cargoes of diluted crude oil to a subsidiary of Eni (Italy) this month.
Pampa Energía will invest $550mn in 2023 to boost unconventional gas production
Argentina’s Pampa Energía will spend $550mn next year on efforts to increase production rates at unconventional gas fields in the Vaca Muerta shale formation.
Heritage Petroleum reports on tax payments to Port of Spain in FY 2022
Heritage Petroleum Co. Ltd, Trinidad and Tobago’s state-owned oil company, paid TTD4.8bn ($707.61mn) in taxes to the government during Fiscal Year 2022.
Petrobras finalises sale of SIX refinery to F&M Brazil
Petrobras has finalised the sale of Paraná Xisto, the entity formed to hold its shares in Unidade de Industrializacao de Xisto (SIX), a refinery in Paraná State that processes oil shale.
Peru LNG reports exports up in October
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise month on month in October.
LatAmOil: Spudding of Wei-1 postponed again
Petrobras heading for change
State-owned Petrobras may change direction somewhat as a result of Brazil’s presidential election.
Spudding of Wei-1 postponed again
Canada’s CGX Energy said on November 1 that it had been forced once again to postpone the spudding of Wei-1, its second exploration well at the Corentyne block offshore Guyana.
ANCAP imports jet fuel from Argentina to prevent shortages in Uruguay during labour strike
Uruguay’s national oil company ANCAP said on October 31 that it had begun importing jet fuel from neighbouring Argentina in order to ensure supplies to international airports despite a workers’ strike.
CNH approves Pemex’s Lakach plan
Mexico’s national oil and gas regulator approved plans for the development of Lakach, a deepwater natural gas field located off the coast of Veracruz state, on October 31.
Venezuela reportedly allowing IOCs that forego debts to quit JVs with PdVSA
Venezuelan authorities are permitting IOCs to exit JVs with PdVSA without any penalties in light of the US sanctions regime, on the condition that they forego payment for past debts and unpaid dividends.
New Fortress Energy set to expand gas business in Mexico under final agreements with CFE
New Fortress Energy (US) will expand its natural gas business in Mexico by finalising three agreements signed earlier this year with CFE, the national power provider.
Finance minister reports Trinidad and Tobago’s oil and gas tax revenues up
Colm Imbert, the finance minister of Trinidad and Tobago, said on October 26 that the government had collected far more tax revenue from the oil and gas industry than projected during Fiscal Year 2022.
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