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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Under pressure in Guyana
ExxonMobil has encountered another problem with the Liza Destiny FPSO’s gas compressor system.
Pemex: Minatitlan refinery will take three months to repair
Mexico’s national oil company (NOC) Pemex has said it will probably need around three months to complete repair work at the Minatitlan refinery in Veracruz State.
Trinidad and Tobago preparing for another attempt to sell Petrotrin
Trinidad and Tobago’s Energy Ministry is reportedly preparing to launch another privatisation campaign for the oil refinery in Point-a-Pierre.
Activity at Vaca Muerta fields affected by labour dispute, road blockages
Labour protests are hampering upstream operations at fields in Vaca Muerta, a massive shale formation in Argentina.
Lasso’s win may be good news for Ecuador’s oil sector
The outcome of Ecuador’s presidential run-off election may be good news for the country’s oil sector.
Completion of unloading operation will allow PetroSucre to resume production at Corocoro
PetroSucre, a joint venture formed by Italy’s Eni and Venezuela’s (NOC) PdVSA, is preparing to resume production at the Corocoro field following the completion of an unloading operation in the Gulf of Paria.
ANP gives green light to Enauta’s takeover of Atlanta oilfield
Brazilian independent Enauta Participações has secured government approval for its bid to secure full control of Block BS-4, a shallow-water site in the Santos Basin that contains the Atlanta oilfield.
Argentina mulls oil price controls
Argentina’s government is looking to establish long-term price controls for the domestic oil market, according to Production Minister Matias Kulfas.
Petrobras signs agreement with government on stakes in Sépia and Atapu blocks
Brazil’s national oil company (NOC) Petrobras has signed an agreement with the government on the size of the stakes it will take in the Sépia and Atapu blocks in the event that federal authorities receive any bids for these two sites.
LatAmOil: Argentina mulls oil price controls
Argentina’s government is looking to establish long-time price controls for the domestic oil market, according to Production Minister Matias Kulfas.
Nahle says Mexico will review permits of fuel retailers suspected of bypassing subsidies
Mexican authorities will review the permits of petroleum product retailers that have not kept their pricing in line with government subsidies, according to Energy Minister Rocio Nahle.
Fernandez offers oil companies a new incentive for raising output, exports
Argentina’s President Alberto Fernandez has offered local and foreign companies an incentive to step up crude oil production and exports.
USTR report voices concern about challenges faced by US companies in Mexico
The Office of the US Trade Representative (USTR) said in a report that Washington was concerned about the increasing number of obstacles facing US-based investors seeking a foothold in Mexico’s oil and gas industry.
NiQuan’s GTL plant reports explosion
An explosion has been reported at the recently launched gas-to-liquids (GTL) plant owned by NiQuan Energy Trinidad Ltd (NETL), a subsidiary of US-based NiQuan Energy.
NGC hopes to continue gas supply talks with MHTL despite expiration of contract
National Gas Co. (NGC) of Trinidad and Tobago hopes to continue natural gas supply talks with Methanol Holdings (Trinidad) Ltd (MHTL), despite the failure of the latest round of negotiations between the parties.
PetroTal launches 2021 drilling campaign with spudding of 7D well at Bretaña
Canada’s PetroTal reported last week that it had begun work on the first well in its Peruvian drilling programme for 2021.
ExxonMobil testing gas compressor unit on Liza Destiny FPSO
ExxonMobil Guyana has begun testing the flash gas compressor (FGC) on the Liza Destiny FPSO vessel, which is being used to develop the Liza-1 oilfield offshore Guyana.
Sempra to sell infrastructure unit stake to KKR for $3.4bn
US-based Sempra Energy said this week that it had agreed to sell a 20% interest in its Sempra Infrastructure Partners unit to global investment firm KKR for $3.37bn in cash.
ANH gives provisional approval to Platero fracking project
Colombia has taken another step towards the development of its unconventional hydrocarbon resources, via the government’s decision to grant provisional approval to the Platero investigative project.
Petrobras strikes deal with BP on transfer of stakes in six Foz do Amazonas blocks
Brazil’s national oil company (NOC) Petrobras has arranged to take control of six offshore blocks in the Foz do Amazonas basin from a subsidiary of BP (UK).
LatAmOil: Colombia’s progress on the fracking front
Colombia has taken another step down the road towards development of its unconventional hydrocarbon resources, via the government’s decision to grant provisional approval to the Platero investigative project.
Karoon takes steps to focus on Brazil
Australia’s Karoon Energy said earlier this week that it was taking measures to focus on its operations in Brazil, where it is leading the development of Baúna and several other offshore oilfields
Protecting Pemex
Mexico’s president has submitted a bill that would allow government agencies to suspend fuel traders’ licences in the event of “imminent danger ... for national security, energy security or the national economy.”
Maduro offers to pay for COVID-19 vaccines with oil
Venezuelan President Nicolas Maduro said on March 28 that his government was ready to supply crude oil as payment in kind for coronavirus (COVID-19) vaccines.
ExxonMobil aims to restart compressor on Liza Destiny FPSO this week
ExxonMobil Guyana hopes to restart the flash gas compressor (FGC) on the Liza Destiny, the floating production, storage and off-loading (FPSO) vessel that is being used to develop the Liza-1 oilfield, before the end of the week.
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