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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RdK appears pessimistic about negotiations with CORC
RdK, the government-run operator of Curaçao’s only oil-processing plant, appears to be pessimistic about its chances of striking an agreement with the Curaçao Oil Refinery Complex (CORC) consortium on the sale of its assets.
CADE agrees to push back deadlines for sale of three Petrobras refineries
Brazil’s national oil company (NOC) Petrobras said last week that it had reached an agreement with CADE, the government’s anti-trust agency, on new extensions of the deadlines for sale of three refineries.
Equinor, TotalEnergies exit JV with PdVSA
Norway’s Equinor and France’s TotalEnergies have divested their minority stakes in Petrocedeño, a joint venture formed to upgrade extra-heavy crude oil from the Orinoco Belt area in Venezuela.
Eni strikes oil at Sayulita field
Italy’s Eni has found oil in Sayulita-1 EXP, an exploration well drilled at the Sayulita prospect within Block 10, which lies within the Cuenca Salina/Sureste basin offshore Tabasco State.
TotalEnergies, Apache report another discovery at Block 58
TotalEnergies (France) and Apache (US) have made their fifth discovery at Block 58 offshore Suriname.
LatAmOil: Another discovery offshore Suriname
TotalEnergies (France) and Apache (US) have made their fifth discovery at Block 58 offshore Suriname.
Moody’s cuts Pemex rating to Ba3
Moody’s Investors Service said on July 27 that it was downgrading the ratings of Mexico’s national oil company Pemex, owing to concerns about the risks facing the state-owned firm.
Petrobras, SBM Offshore sign contracts on Almirante Tamandaré FPSO
SBM Offshore of the Netherlands has signed contracts with Brazil’s national oil company Petrobras on the delivery of the Almirante Tamandaré, a FPSO that will be installed at the Búzios oilfield.
Staatsolie calls on Chevron, TOQAP to submit shallow-water exploration programmes
Staatsolie, the national oil company of Suriname, has instructed the three companies that made the winning bids in the country’s recently concluded shallow-water licensing round to submit their exploration programmes for review.
TechnipFMC confirms fibre-optic sensing contract for Payara field
TechnipFMC confirmed last week that ExxonMobil (US) had decided to use Odassea™, an advanced downhole subsea fibre-optic sensing system, at Payara, the third development target at the Stabroek block offshore Guyana.
CNH says independent operators brought oil production to record high in June
Mexico’s National Hydrocarbon Commission (CNH) revealed that the total volume of crude oil produced by independent operators had risen to an all-time high last month.
ExxonMobil’s busy week in Guyana
ExxonMobil has made two oil discoveries at Stabroek, and the Guyanese government is keeping watch on its gas flaring levels and use of local content.
Eagle LNG, APC, APUA begin work on LNG-to-power project in Antigua
US-based Eagle LNG Partners and its partners Antigua Power Company (APC) and the Antigua Public Utilities Authority (APUA) have begun executing an LNG-to-power project on the island of Antigua.
Brazil’s LNG imports hit record high in June
Brazil’s national oil company Petrobras reported recently that daily national LNG imports had risen to a record high in late June.
AES takes delivery of first carbon-neutral LNG cargo in Dominican Republic
US-based AES Corp. revealed earlier this week that it had taken delivery of its first carbon-neutral LNG cargo in the Dominican Republic.
PdVSA receives first condensate cargo since last September
Venezuela’s national oil company PdVSA has taken delivery of its first gas condensate cargo since September 2020 in spite of the US sanctions regime, which is designed to isolate the country’s petroleum industry.
US legislators urge Biden to examine Mexican energy policy
Twenty US legislators have urged President Joe Biden to take a closer look at the Mexican government’s approach to competition in the energy sector in light of the challenges faced by US companies working in Mexico.
LatAmOil: US legislators urge Biden to examine Mexican energy policy
Twenty US senators and representatives have urged President Joe Biden to take a closer look at the Mexican government’s energy policy in light of the challenges faced by US oil, gas and power companies working in Mexico.
What next for Atlantic LNG’s Train 1?
As Shell brings a new gas-bearing block on stream, shareholders in Atlanta LNG’s first production train are reportedly at odds over feedstock supplies and ownership structures.
Pemex subsidiary reportedly suspends new contracts with Trafigura
PMI Comercio International, a commercial trading subsidiary of Pemex, has put a freeze on new deals with Swiss-based Trafigura, the world’s largest independent commodity trader.
OFAC extends licence barring seizure of Citgo shares
The Office of Foreign Assets Control (OFAC), a division of the US Treasury Department, has extended the term of a licence that bars the seizure of shares in Citgo.
TPHL seeks expressions of interest in second attempt to sell Petrotrin refinery
Trinidad Petroleum Holdings Ltd (TPHL) has taken the first step towards making another attempt to sell the Petrotrin oil refinery in Point-a-Pierre.
CGX Energy says work on Berbice Deep Water Port is progressing on schedule
Canada’s CGX Energy says that work on the Berbice Deep Water Port (BDWP), which will support oil and gas projects in Guyana’s offshore zone, is proceeding on schedule.
CFE, WhiteWater Midstream spar over three gas contracts
Mexico’s national power provider has been sparring publicly with Whitewater Midstream, a US-based natural gas trader and pipeline operator, over three contracts signed in 2016 and 2017.
Staatsolie MD urges Guyana to support efforts to gather, share offshore seismic data
Annand Jagesar, the managing director of Suriname’s national oil company (NOC) Staatsolie, has urged Guyana to promote efforts to gather and share more seismic data from the Guyana-Suriname offshore basin.
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