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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LatAmOil: API blasts AMLO for favouring Pemex
Mexican President Andres Manuel Lopez Obrador has come under fire from the API for his efforts to ensure that state-owned companies continue to dominate the domestic energy sector.
API blasts AMLO for amending oil and power laws
Mexican President Andres Manuel Lopez Obrador has come under fire from the API for his efforts to ensure that state-owned companies continue to dominate the domestic energy sector.
Suriname eager to co-operate with Guyana on oil spill responses
Suriname’s Minister of Natural Resources David Abiamofo said last week that his country was eager to co-operate with neighbouring Guyana on the prevention and remediation of oil spills.
BHP achieves first oil at Ruby field
Australia’s BHP has begun extracting crude oil from Ruby, a section of Block 3(a) within the Greater Angostura field offshore Trinidad and Tobago.
Saipem gears up to launch logistics base in Georgetown
Saipem, the Italian oilfield services provider, is reportedly set to launch a new logistics base and offshore construction facility in Georgetown, the capital of Guyana, within the next few weeks.
Sycar wraps up permit process for LNG project in Ecuador
US-based Sycar has completed the process of obtaining permits for its small-scale LNG project in Ecuador.
Pemex points to problems with schedule, budget for Dos Bocas refinery project
Mexico’s national oil company (NOC) Pemex has said it does not expect work on the 340,000 barrel per day Dos Bocas refinery to be completed on time or within budget.
Chilean NGO to set up green hydrogen fund
Fundacion Chile, a Chilean non-government organisation (NGO), has unveiled plans for funding green hydrogen projects in order to accelerate the country’s transition away from fossil fuels.
Petrobras calls tender for newbuild FPSO to be installed at Búzios
Brazil’s national oil company (NOC) Petrobras has called a tender for the acquisition of a new FPSO that will be deployed at Búzios, an offshore oilfield in the pre-salt section of the Santos basin.
Enauta settles legal dispute with Dommo Energia over BS-4 block
Brazilian independent Enauta Participações said last week that it had settled its legal dispute with Dommo Energia, another privately owned Brazilian firm, over the offshore licence area that contains the Atlanta oilfield.
Guyana to adopt new model for awarding oil contracts
Irfaan Ali, the president of Guyana, has announced plans to introduce a new model for assigning oil blocks to investors.
IEnova comments on impact of changes in Mexican energy laws
IEnova, the Mexican unit of California-based Sempra Energy, has expressed cautious optimism about its prospects for expansion, despite recent shifts in the regulatory environment.
Prospects for a revival of Russian interest in Venezuelan oil
Concerns about US sanctions appear to have convinced Rosneft and its main shareholder, the Russian government, to maintain a low profile in Venezuela’s oil sector.
LatAmOil: Guyana to adopt new model for awarding oil contracts
Guyana is moving away from direct negotiations with international oil companies (IOCs) and will instead conduct licensing rounds.
More oil discovered at Stabroek
ExxonMobil Guyana has found crude in Uaru-2 and is hinting at an increase in the Stabroek block’s estimated reserves.
ANP sees Brazilian drilling activity soaring in 2021
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has indicated that it expects the number of exploration wells drilled in the country to rise by nearly 200% this year.
Guyanese officials reveal details of GTP project
Guyana’s government has revealed more details about its plans for a gas-to-power (GTP) project that will use associated gas from Liza-1, an offshore oilfield within the Stabroek block, as fuel for electricity generation.
Venezuelan MPs prepare to ratify law on confidential contracts with private firms
Members of Venezuela’s National Assembly are reportedly preparing to ratify a law that will allow Caracas to sign confidential agreements with private investors in the oil sector.
US gas exports to Mexico hit new highs
US natural gas exports to Mexico recently rose to record highs and are poised to move even further upwards over the next few months, according to industry observers.
Vaca Muerta output may recover after protesters lift roadblocks
Development operations in Argentina’s Vaca Muerta shale formation have slowed in recent weeks because of labour unrest, but drilling and production may recover now that protesters have agreed to move to different locations.
Tropic Oil: Jamaica may seek a larger share of Caribbean bunkering market
Chelsea Jaouli, the global business development manager of Florida-based Tropic Oil, said earlier this week that Jamaica was in a good position to increase its share of the Caribbean bunkering market.
SENER says Mexico is drawing up legislation to support local oilfield service companies
Mexico’s government wants to see local oilfield service providers (OSPs) play a larger role in upstream exploration and development projects.
Petrobras board approves sale of 10% stake in NTS
Petrobras has secured approval from its board of directors for the planned sale of a minority stake in Nova Transportadora do Sudeste (NTS), one of its former midstream subsidiaries, to a private investor.
Poll results raise concerns about fate of Peru’s gas and mineral resources
Concerns about the future of Peru’s extractive industries are mounting ahead of the next round of the presidential election, as the top-polling candidate has talked about nationalising the country’s natural gas and mineral deposits.
LatAmOil: YPFB to see revenues rise this year
Wilson Zelaya, the CEO of Bolivia’s national oil company (NOC) YPFB, has said that conditions are improving in his country’s hydrocarbon sector.
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