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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CNH approves two exploration drilling projects
Mexico’s National Hydrocarbons Commission, known by its Spanish acronym CNH, gave two companies the green light to move forward with exploration drilling projects last week.
Argentina strikes a different note on the Falklands
Argentina may allow IOCs that have worked in disputed waters around the Falklands to participate in new offshore bidding rounds under certain conditions.
Angola emphasises exploration
Angola wants oil production to remain at or above 1mn bpd until 2040 – and it wants to expand exploration activity to achieve this aim.
Colombian businessman detained on charges related to Iranian fuel shipments for Venezuela
A Colombian businessman has been detained on charges of serving as a special envoy of Venezuelan President Nicolas Maduro in negotiations with Iran on the delivery of gasoline and refinery parts and equipment.
Golar Power shows strong interest in Brazilian LNG terminal
The head of Golar Power, a 50:50 JV between Bermuda-headquartered Golar LNG and New York-listed Stonepeak Infrastructure Partners, said last week that his company was “very interested” in leasing Brazil's Bahia LNG terminal.
NRG: Risks to stability
Official: Vaca Muerta production could take 18 months to recover
It could take up to a year and a half for activity at Argentina’s Vaca Muerta shale formation to return to the levels prevailing prior to the coronavirus (COVID-19) outbreak, an Argentinian official has warned.
ExxonMobil pressing Guyana to approve third offshore oil project
The US super-major ExxonMobil is reportedly pressing the government of Guyana to green-light its plan for the development of a third section of the offshore Stabroek block.
Industry group says Colombia could attract $715mn in private investment
Colombia has a chance of securing more than $700mn worth of investment from private oil and gas firms before the end of this year, according to the Colombian Petroleum Association (ACP), a local industry group.
Mexico seen close to granting Sempra new LNG export facility permit
The Mexican government has reportedly asked IEnova, the local unit of US-based Sempra Energy, to build another export facility at the Energía Costa Azul LNG facility to help sell off excess natural gas.
ExxonMobil cuts production at Liza-1 again
The US super-major ExxonMobil has ramped oil production back down at the Stabroek block offshore Guyana, following the discovery of new problems with gas compression equipment.
Canadian company hoping to push Mexican onshore projects forward
Renaissance Oil (Canada) is looking to push forward with upstream development projects in Mexico, despite the setbacks it has suffered this year as a result of the coronavirus (COVID-19) pandemic and other factors.
Brazil presses charges against former Maersk executive over alleged Petrobras bribe
Prosecutors in Brazil have pressed charges against two people for allegedly obtaining confidential market information from state run oil and gas major Petrobras to benefit Danish-based A.P. Moller-Maersk, the world’s largest shipping company.
Brazil postpones two offshore bidding rounds
Brazil’s Ministry of Mines and Energy has pushed back two upcoming rounds of auctions for offshore exploration blocks owing to the coronavirus (COVID-19) pandemic.
NRG: Looking to the future
Although rattled by the international oil and gas price collapse, governments and investors continue to press forward – either through new legislation or new projects
Argentina replaces energy secretary as oil and gas industry struggles
The government of Argentina has reportedly replaced Energy Secretary Sergio Lanziani with a legislator from hydrocarbon-rich Neuquen Province, as the oil and gas sector struggles with the coronavirus (COVID-19) pandemic.
Ex-Pemex boss accuses three Mexican presidents of corruption
Emilio Lozoya, the former head of Mexico’s national oil and gas major Pemex, has claimed that three former Mexican presidents were involved in alleged acts of corruption.
PetroTal hopes to bring Bretaña back on stream this month
Canada’s PetroTal is hoping to resume oil production at the Bretaña field in Peru before the end of August.
Panama Canal marks Neopanamax transit milestone
The SK Resolute LNG carrier completed a transit last week that marked the 10,000th journey by a Neopanamax vessel through the Panama Canal since its expansion.
Mexican president urges cancellation of ethane supply contract
Mexico’s president has called for the cancellation of an ethane supply contract between Mexico’s national oil company (NOC) Pemex and the Braskem Idesa SAPI consortium.
ExxonMobil preparing to spud Tanager-1 well at Kaieteur
ExxonMobil (US) and its partners will soon spud the Tanager-1 exploration well drilling at Kaieteur, a block located offshore Guyana.
Panama reports marine fuel sales down significantly in July
The Panama Maritime Authority (AMP) has reported a significant year-on-year decline in the volume of marine fuel sales in July.
Total launches third phase of Mero project offshore Brazil
France’s Total said last week that the consortium set up to develop the offshore Libra block had opted to move ahead with the third phase of work at the Mero field.
Brazilian regulator gives majors more time for wildcatting
ANP, Brazil’s hydrocarbon market regulator, has given major companies including Petrobras, Total and BP more time for wildcatting activity, owing to the coronavirus (COVID-19) pandemic and low oil prices.
Venezuela’s National Assembly demands info on oil spill
Venezuela’s National Assembly has demanded information on an oil spill that has washed up on the country’s shores.
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