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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Perupetro to offer up to seven mature Talara basin oil blocks to investors
Peru has announced plans to offer as many as seven blocks in the Talara basin to investors in June of this year.
Jagdeo says Guyana will use oil revenues to fund budget expenses for the first time in 2022
Bharrat Jagdeo, the vice-president of Guyana, said last week that the government intended to use oil revenues to help fund budget spending for the first time this year.
GeoPark finds oil and gas in Jandaya-1 well in Ecuador
GeoPark (Canada) revealed earlier this week that it had made its first hydrocarbon discovery at Perico, a block within the Oriente basin in Ecuador.
Shell confirms sale of Deer Park refinery stake to Pemex
Shell Oil Co. confirmed last week that it had transferred its stake in the Deer Park refinery in Texas to PMI Norteamerica, a subsidiary of Mexico’s national oil company Pemex.
Nahle denies reports of delays and cost overruns at Dos Bocas refinery
Mexican Energy Minister Rocio Nahle has denied reports that the national oil company Pemex is running over budget and behind schedule on the construction of the Dos Bocas refinery in Tabasco State.
LatAmOil: Nahle offers reassurances on Dos Bocas refinery
Mexican Energy Minister Rocio Nahle has denied reports that the national oil company (NOC) Pemex is running over budget and behind schedule on the construction of the Dos Bocas refinery in Tabasco state.
Biden administration taking new approach to Mexican energy policy
Washington speaks up in favour of US energy companies seeking to enter Mexico – but for renewables, not for oil and gas.
Chile’s CEN to seek extra diesel for power generation this winter
Chile’s power grid co-ordinator is reportedly looking to source extra diesel fuel for use at small-scale power generation facilities between March and September of this year.
Panama Canal reports LNG transits down 30% year on year in December 2021
LNG transits via the Panama Canal decreased by 30% year on year in December 2021, according to data from the Panama Canal Authority (PCA).
New Stratus finalises acquisition of Blocks 16 and 67 from Repsol
New Stratus Energy (Canada) has completed its acquisition of minority stakes in two heavy crude oil blocks in Ecuador’s eastern Orellana province from Repsol (Spain).
Petro expands on plan for phasing out oil exploration and fossil fuels
Gustavo Petro, a former mayor of Bogotá who remains the leading candidate in Colombia’s presidential race, has expanded upon his former proposals for moving the country away from an economic model based on fossil fuels.
Wintershall to quit projects in Brazil, Argentina
Wintershall Dea (Germany) has announced plans to unload assets in Brazil and Argentina this week.
Petrobras meets 2021 production targets
Brazil’s national oil company Petrobras indicated last week that it had slightly exceeded its production targets by around 4% in 2021.
Guyana committed to open bidding process for Block C, minister says
Guyana is determined to offer Block C, one of its last remaining deepwater licence areas, to potential investors through an open bidding process, Natural Resources Minister Vickram Bharrat has said.
Echo Energy Plc says Santa Cruz Sur production levels remained steady in Q4-2021
London-listed Echo Energy Plc says production levels at the Santa Cruz Sur fields in southern Argentina remained strong in the fourth quarter of 2021 despite labour issues affecting the area of operations in December.
Guyanese inspectors to assume responsibility for testing offshore crude oil
The Guyana National Bureau of Standards (GNBS) is prepared to assume responsibility for testing crude oil extracted from the country’s offshore fields this year, ahead of the planned launch of the Liza-2 development project.
LatAmOil: Guyanese inspectors to take responsibility for oil certification
The Guyana National Bureau of Standards (GNBS) is prepared to assume responsibility for testing crude oil extracted from the country’s offshore fields this year, ahead of the planned launch of the Liza-2 development project.
Argentina reiterates commitment to offshore exploration despite protests
The government of Argentina has decided to move forward with its first offshore exploration drilling scheme in years, despite facing a barrage of protests.
Guyana seeks contractor for feasibility study of Yellowtail field development plan
The government of Guyana has invited consulting firms to submit bids for a contract to review and evaluate ExxonMobil’s field development plan for its Yellowtail Project.
PdVSA reportedly preparing to export first cargo of diluted crude since last April
Venezuela’s national oil company PdVSA appears to have loaded a tanker with diluted crude oil for export for the first time in the last nine months, according to a report from Reuters.
WIPL says it will be able to cover bid for Limetree Bay refinery
Jamaica-based West Indies Petroleum Ltd (WIPL) has expressed confidence about its ability to pay the sum of $62mn that it has offered for the Limetree Bay refinery near St. Croix in the US Virgin Islands by January 21.
Pemex may complete acquisition of Deer Park refinery next week
A US federal court has rejected a request to block Mexico’s national oil company Pemex from acquiring 50.01% of the Deer Park refinery from an affiliate of Shell (UK).
Eni’s Miamte MV34 FPSO arrives offshore Mexico
Eni (Italy) said in early January that it would soon install a newbuild floating production, storage and off-loading (FPSO) vessel at Area 1, a shallow-water licence area located off the coast of Mexico's Tabasco State.
NGC, Shell sign HoA on pre-FEED phase of work on Manatee gas processing
National Gas Co. of Trinidad and Tobago Ltd (NGC) indicated last week that it was gearing up to work with Shell on the processing of natural gas from the offshore Manatee field.
Tullow exits Suriname as Shell joins Chevron at Block 5
One international oil company has announced plans to exit Suriname, while another has farmed into a block awarded to Chevron (US) last year in the Shallow Offshore (SHO) bidding round.
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