LatAmOil - Latin America Oil & Gas

Chevron, TotalEnergies, Qatar Petroleum submit top bids for shallow-water blocks

Suriname’s Staatsolie has concluded the Shallow Offshore Bid Round by awarding three shallow-water offshore blocks to Chevron (US) and a consortium set up by TotalEnergies (France) and Qatar Petroleum.

LatAmOil: Staatsolie awards shallow-water blocks to three IOCs

Suriname’s Staatsolie has concluded the Shallow Offshore Bid Round by awarding three shallow-water offshore blocks to Chevron (US) and a consortium set up by TotalEnergies (France) and Qatar Petroleum.

Petrobras may consider ramping up LNG imports amid maintenance

Brazil’s Petrobras may increase LNG imports by 50% to compensate for an expected drop in domestic natural gas flows when the Rota 1 pipeline is shut down for maintenance in August, it emerged this week.

More energy reforms for Mexico?

Guyana’s total oil revenues may top $500mn by year-end

Guyana’s government may see the balance of the Natural Resources Fund, the sovereign wealth fund in which it deposits its share of oil export revenues, rise to $500mn or more by the end of this year.

Liza Unity FPSO to depart Keppel shipyard for Guyana soon

ExxonMobil Guyana, a subsidiary of US-based ExxonMobil, is set to take delivery of the newly finished Liza Unity floating production, storage and off-loading (FPSO) vessel in about three months.

Paramaribo, creditors spar over oil revenues in debt restructuring talks

Suriname’s future oil revenues have become a sticking point in negotiations between the government and creditors on a debt restructuring deal.

Saipem-DSME consortium to build FPSO for Búzios

Petrobras has struck a deal with a consortium formed by Italy’s Saipem and South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) on the construction of a new FPSO that will be deployed at the Búzios oilfield.

Argentina has nearly finished drafting oil and gas investment law

Argentina’s government has nearly wrapped up the process of drawing up new legislation to promote investment in the oil and gas industry, Energy Secretary Dario Martinez said earlier this week.

Pemex reportedly fails to pay profit-sharing bonuses to traders

Mexico’s national oil company (NOC) Pemex reportedly did not pay the profit-sharing bonuses owed to its traders in May.

Argentina to invest wealth tax revenues in efforts to raise gas production

Argentina’s government revealed last week that it intended to use part of the money it had collected under a special tax programme to support efforts to raise domestic natural gas production levels.

Tullow and partners prepare to select next drilling site at Orinduik

Tullow Oil (UK/Ireland) and its partners in the Orinduik block offshore Guyana are gearing up to choose the site where they intend to drill a new exploration well next year.

Colombia’s ANH launches new bidding round

Colombia’s National Hydrocarbons Agency (ANH) launched a new bidding round last week, offering investors the chance to submit offers for 32 new licence areas.

Trinidad and Tobago eyes green hydrogen production

Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said.

LatAmOil: Trinidad and Tobago eyes green hydrogen production

Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said last week.

ExxonMobil Guyana reports new find at Stabroek’s Longtail-3 well

ExxonMobil Guyana, a subsidiary of US-based ExxonMobil, has announced the discovery of new hydrocarbon reserves in Longtail-3, an exploration well drilled at the Stabroek block offshore Guyana.

Peru holds presidential election, and leftist candidate appears to be ahead

Peruvian voters went to the polls on June 6 to cast ballots in the second round of the presidential election, the outcome of which may have a significant impact on the country’s oil and gas industry.

Yinson to carry out pre-FEED study for FPSOs in Suriname, Angola

Malaysia’s Yinson Holdings has won a contract from TotalEnergies (France) for a pre-FEED study of two FPSO units that the latter company will use to develop fields offshore Suriname and Angola.

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.