LatAmOil - Latin America Oil & Gas

President Energy signs farm-out deal for Pirity concession

AIM-listed President Energy reported earlier this week that it had arranged to reduce its 100% stake in the Pirity concession in Paraguay under a farm-out deal.

Drilling resumes at Jabillo-1

ExxonMobil (US) and its partners have resumed work at Jabillo-1, the second exploration well at the Canje block offshore Guyana.

Road blockades lead Petroecuador to declare force majeure on Eden Yuturi oilfield

Petroecuador, the national oil company (NOC) of Ecuador, declared force majeure on the Eden Yuturi oilfield last week, reporting that road blockades had disrupted development operations at the site.

Karoon Energy makes FID on Patola

Karoon Energy (Australia) said last week that it had made a final investment decision (FID) on the development of Patola, an oil-bearing section of Block BM-S-40 in the Santos basin offshore Brazil.

Frontera prepares to resume work at CPE-6 after brief suspension

Frontera Energy (Canada) said on June 7 that it was preparing to resume work at Block CPE-6 in Colombia.

Excelerate FSRU comes online offshore Argentina

Excelerate Energy announced last week that its Exemplar floating storage and regasification unit (FSRU) had started operations offshore the Argentine port of Bahia Blanca.

Black & Veatch to study AET’s LNG-to-power project in Colombia

US-based Black & Veatch has won a contract for a feasibility study of the Andes Energy Terminal (AET) project, an LNG-to-power scheme that would serve consumers in central and south-western Colombia.

LatAmOil: USTDA grant funds LNG-to-power study

US-based Black & Veatch will conduct a feasibility study of the Andes Energy Terminal (AET) project, an LNG-to-power scheme that will serve central and south-western Colombia.

Chokepoints – ten keys that lock up the world. Or do they?

IGU upbeat on global LNG outlook

The International Gas Union’s annual LNG report is upbeat on the outlook for global LNG, and has talked up the role the fuel will play in post-pandemic recovery and the energy transition.

Protests pose obstacles for Colombia’s oil and gas sector

As Colombian oil and gas production levels continue to slip amidst widespread protests, Ecopetrol may have to rethink its performance targets.

US grants Chevron, three service companies another waiver from Venezuelan sanctions

The US Treasury Department has given Chevron and three oilfield service providers permission to continue maintaining a limited presence in Venezuela, despite the continuation of sanctions.

Sempra raises stake in IEnova to 96.4%

US-based Sempra Energy reported last week that it had increased its equity stake in IEnova, its Mexican subsidiary, to 96.4% following the expiry of its share exchange offer.

Liza-1 production could rise to 150,000 bpd next year, Hess COO says

Hess has speculated that production rates at Liza-1, a section of the Stabroek block offshore Guyana, may rise to as much as 150,000 barrels per day next year.

PdVSA may repurpose Petropiar, Petrocedeno upgraders to facilitate gasoline production

Venezuela’s national oil company (NOC) PdVSA is reportedly looking into the possibility of repurposing some of the country’s heavy crude oil upgraders to facilitate gasoline production.

Boskalis making progress on pipeline for LNG-to-power project in El Salvador

Boskalis, a Dutch dredging and offshore services provider, has nearly completed work on a subsea pipeline that will support an LNG-to-power project in El Salvador.

Karoon, Pitkin at odds over exploration drilling at Block Z-38

Australia’s Karoon Energy is at odds with one of its partners in a Peruvian exploration project with respect to exploration drilling plans.

Petrobras appeals Bolivian court’s ruling on ownership of gas field

Brazil’s national oil company (NOC) Petrobras is reportedly seeking to overturn a Bolivian court’s decision on the ownership of a large natural gas field.

Hess, ExxonMobil expect work on Yellowtail project to move ahead quickly

ExxonMobil and Hess have both indicated that they expect to move forward quickly with preparations for oil production at Yellowtail, the fourth section of the Stabroek block offshore Guyana slated for development.

Equinor announces Bacalhau FID

Equinor (Norway) and its partners have made a final investment decision (FID) on the development of Bacalhau, an offshore oilfield in the pre-salt zone of the Santos basin.

LatAmOil: Hess, ExxonMobil optimistic about Yellowtail project

ExxonMobil and Hess both expect to move forward quickly with preparations for oil production at Yellowtail, the fourth section of the Stabroek block offshore Guyana slated for development.

Ecopetrol reports impact of protests on operations

Colombia’s Ecopetrol said this week that it had encountered difficulties as a result of the protests taking place across the country for almost a month.

Chile seeks to compete with Europe on hydrogen

Chilean green hydrogen could cost less than $1.3per kg by 2025, the country’s Minister of Energy and Mining, Juan Carlos Jobet, said.

Hess increases stake in Guyana’s Kaieteur block

US independent Hess has increased its stake in the Kaieteur block offshore Guyana from 15% to 20%, according to Westmount Energy, a shareholder in Cataleya Energy, which farmed down the 5% stake to Hess for an undisclosed sum.

Brazilian regulator approves more Petrobras asset transfers

Brazil’s regulator, ANP, has approved the transfer of two onshore assets from state-owned Petrobras to private companies.