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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Ecuador gears up to call new tender for Las Emeraldas refinery operating contract
Ecuador’s government may call a new tender for the right to operate the 110,000 barrel per day Las Esmeraldas refinery before the end of this month, according to Energy Minister Juan Carlos Bermeo.
Mexico reportedly moving ahead with annual oil hedge
Mexico’s government has reportedly begun the process of arranging its annual oil hedge, a collection of financial deals designed to protect the country against fluctuations in the crude market by locking crude prices in ahead of time.
Exxon Mobil’s 2nd Liza FPSO arrives in Guyana
The Liza Unity, which was built to be the second floating production, storage and off-loading vessel installed at Guyana’s Stabroek block, has arrived at the Liza-2 production site offshore Guyana.
Pemex back in the red in third quarter despite oil price recovery
Mexico’s national oil company Pemex was back in the red in the third quarter of this year, despite the recent recovery in its crude production levels.
Brazilian leader inches closer to privatisation of Petrobras
Brazilian President Jair Bolsonaro said again last week that he was considering privatising the national oil company Petrobras and that the government had begun evaluating options for divesting its stake in the firm.
New report says Argentina’s oil output is above March 2020 levels
Argentina’s crude oil output has risen above the levels reported in March 2020, before the coronavirus (COVID-19) pandemic began to affect upstream operations, according to Regional Investment Consulting SA (RICSA).
CORC out of the running for Isla refinery
Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, has decided to eliminate a Dutch-led consortium as a potential buyer of the Isla refinery and associated assets.
LatAmOil: ExxonMobil’s third disappointment at Canje block
ExxonMobil (US) has reportedly completed its third exploration well at the Canje block offshore Guyana without discovering commercial hydrocarbon reserves.
No commercial hydrocarbons found in Sapote-1 well at Canje block
ExxonMobil (US) has reportedly completed its third exploration well at the Canje block offshore Guyana without discovering commercial hydrocarbon reserves.
Mexico City may assume Pemex’s $115bn debt portfolio
The government has reportedly informed the NOC of its intention to assume responsibility for all debt amortisations.
MPL teams up with ConocoPhillips, Bechtel to reduce LNG terminal project’s emissions
Mexico Pacific Ltd (MPL) will work with two other US companies, ConocoPhillips and Bechtel, to design its planned LNG import terminal in Mexico’s Sonora State in a way that serves to reduce carbon dioxide emissions.
New Stratus eyes Repsol’s stakes in two Ecuadorean oil blocks
New Stratus Energy, an independent Canadian company, is trying to move ahead with plans to acquire control of two heavy crude oil-containing blocks in Ecuador.
Argentina launches new tender in Gas Plan scheme
The government of Argentina has launched a new round of its so-called Gas Plan incentive scheme as it tries to boost domestic natural gas output and reduce imports.
Petrobras concerned about its ability to meet fuel demand
Petrobras has warned that it will not be able to meet demand from fuel distributors next month, raising concerns over potential supply shortages in the Latin American country.
Guyana could resume crude talks with India, VP says
Guyana is prepared to resume talks with India on future crude oil deliveries, the country’s Vice-President Bharrat Jagdeo has said.
Petroperu aims to resume oil extraction by year-end
Peru’s national oil company Petroperu is aiming to restart crude production by the end of this year as it seeks feedstock for the Talara refinery, officials in Lima have said.
Shell hopes to sign PSC for Manatee gas field soon
Royal Dutch Shell is on track to sign a production-sharing contract (PSC) with Trinidad and Tobago for Manatee, an offshore natural gas firm.
PdVSA prepares to offload Iranian condensate
Tula refinery reportedly back online
Mexico’s second-largest oil refinery has reportedly resumed regular commercial operations after being shut down for several weeks because of protests that blocked railway and road transport routes.
LatAmOil: Pemex’s Tula refinery back online
Mexico’s second-largest oil refinery has reportedly resumed regular commercial operations after being shut down for several weeks because of protests that blocked railway and road transport routes.
CGX, Frontera on track to finish Kawa-1 in December
CGX Energy and Frontera Energy are on track to complete the Kawa-1 exploration well at the Corentyne block offshore Guyana in schedule in December.
Sinopec to launch new drilling campaign at Sacha oilfield soon
Ecuador’s Minister of Energy and Non-Renewable Resources Juan Carlos Bermeo says Sinopec is gearing up to launch a new drilling programme at Sacha, a section of Block 60 in the north-eastern Orellana province.
UESL to build, install Zandolie platform under contract with DeNovo
DeNovo Energy Ltd of Trinidad and Tobago has awarded another local company, United Engineering Services Ltd (UESL), a contract for work on a drilling platform for Zandolie, an offshore natural gas field.
Meeting the need for gas
Colombia may be hard-pressed to focus on blue hydrogen projects, given that domestic gas demand is rising while production trends downward.
Japanese consortium sells 5% stake in Venezuela’s Carabobo Project 3
A consortium formed by three Japanese companies has sold its 5% stake in Venezuela’s Carabobo Project 3. Inpex, one of the consortium’s members, has said that the sale will allow it to quit the South American country.
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