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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CGX confirms plan to continue drilling Kawa-1 exploration well
Canada’s CGX Energy has confirmed that it will move ahead with drilling work at Kawa-1, an exploration well at the Corentyne block offshore Guyana, despite reports that the initiative was being wrapped up.
Two new laws in Guyana
Guyana's Parliament has passed bills on local content and sovereign wealth fund amidst an upsurge of long-standing tensions between local communities.
NGC reports profits, revenues up in 9M-2021
National Gas Co. of Trinidad and Tobago Ltd (NGC) has reported a net profit of TTD1.045bn ($153.39mn) for the first nine months of 2021, marking a strong recovery from its net loss of TTD42mn ($6.17mn) in the same period of last year.
Venezuela reports impressive gains in oil production
Venezuela has reportedly succeeded in pushing its crude oil production up significantly in the last two months of 2021, thereby recovering from the record low recorded the previous year.
ExxonMobil strikes oil again at Fangtooth, Lau Lau fields
US-based ExxonMobil reported on January 5 that it had made two additional discoveries at Stabroek, a block offshore Guyana that is already known to contain more than 10bn barrels of oil equivalent.
Pemex signals support for AMLO’s plan to phase out oil exports by end-2023
Mexico’s national oil company Pemex has signalled that it will back President Andres Manuel Lopez Obrador’s plan to halt crude oil exports by the end of next year.
Sycar secures supply deal for Jambeli LNG with Colon LNG Marketing
US-based Sycar revealed late last month that it had secured a source of LNG for the import terminal it intends to build at Bajo Alto, a sheltered port in Ecuador’s southern El Oro province.
Enauta’s planned sale of Manati stake to Gas Bridge falls through
Brazil’s Enauta Energia is not moving forward with its previously announced plan to sell its 45% stake in Manati, a natural gas field in the Camamu basin offshore Bahia State.
Ecuador hopes to see oil production levels recover next month
Ecuador is on track to see oil production return to normal levels in February following the restart of the two main pipelines used to export crude, according to Energy Minister Juan Carlos Bermeo.
Argentina green-lights seismic survey of three offshore blocks
Argentina’s government has given YPF, the national oil company, and its partners a green light to proceed with seismic work at three offshore blocks in the South Atlantic.
LatAmOil: Argentina greenlights offshore seismic work
Argentina’s government has given YPF, the national oil company, and its partners a green light to proceed with seismic work at three offshore blocks in the South Atlantic.
OPEC picks new Secretary-General as restrictions ease
ExxonMobil gets green light for CCS study at oilfields offshore Guyana
Guyana’s government has given ExxonMobil (US) a green light to move forward with a study of carbon capture and storage (CCS) at its offshore oilfields in the Guyana-Suriname basin.
Former Staatsolie chief talks up gas potential of Guyana-Suriname basin
Rudolf Elias, the former CEO of Suriname’s state-owned oil company Staatsolie, talked up the gas-bearing potential of the Guyana-Suriname basin at an industry event last week.
Frontera says Kawa-1 may host active hydrocarbon system
Canada’s Frontera Energy has said that the data collected thus far from Kawa-1, an exploration well being drilled at the Corentyne block offshore Guyana, suggests the presence of an active hydrocarbon system.
Melbana to resume drilling work at Alameda-1 well soon
Australia’s Melbana Energy expects to receive the last shipment of the supplies it needs to resume drilling operations at Alameda-1, an exploration well at the Block 9 licence area onshore Cuba, by December 20.
Threat of erosion leads Petroecuador to shut down pipelines, declare force majeure
Ecuador’s national oil company Petroecuador has shut down the country’s main crude and petroleum product pipelines, explaining that it could not operate these systems safely until it had dealt with the threat of soil erosion.
Lopez Obrador says Pemex may see more tax cuts
Mexico’s President Andres Manuel Lopez Obrador said earlier this week that his government might offer additional tax breaks to the national oil company Pemex.
YPF exec says Argentina is studying LNG export plans
Argentina’s national oil company YPF is reportedly looking into proposals for establishing LNG export capacity in the expectation that production levels will rise at fields in the Vaca Muerta shale formation.
LNG sector gaining momentum in Brazil
Excelerate begins deliveries to the Bahia LNG terminal amid record Brazilian gas imports, NFE’s signing of Alunorte deal.
Cheniere reported to have struck July supply deal with NFE
US LNG producer Cheniere Energy reached a six-year supply deal with an affiliate of New Fortress Energy (NFE) in July, a recently released letter to the US Department of Energy has shown.
Eagle LNG, WEB Aruba sign agreement on LNG terminal construction
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
LatAmOil: Eagle LNG, WEB Aruba sign agreement on LNG terminal
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
Young sees Big Data boosting energy sector
New technologies can help Trinidad and Tobago’s oil, gas and power industries optimise performance and create value, the country's energy minister says.
Total Eren launches studies of H2 Magallanes green hydrogen project
Total Eren, a renewable energy producer established in 2017 by France’s Total (now TotalEnergies) and Luxemburg’s Eren, has begun work on studies for a large-scale green hydrogen project based on wind power in Chile.
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