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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Guyana not ready to make decision about disposal of future oil production
A Guyanese official indicated last week that the government had not yet made any final decisions about how to dispose of its share of future crude oil production.
Bolivian gas sector’s future looks uncertain
The future of Bolivia’s natural gas industry is looking uncertain – and not just because of the turmoil and accusations of voter fraud surrounding the presidential elections held on October 20.
Brazil’s ANP authorises four more companies to bid for pre-salt fields
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) revealed last week that it had added four more international oil companies (IOCs) to its list of businesses eligible to participate in the next production-sharing bidding round.
Ecuador resumes oil exports, lifts force majeure
Ecuador’s national oil company (NOC) Petroecuador resumed normal crude export operations on October 20.
Argentina awards exploration licence for block in West Malvinas Basin
Argentina’s government said last week that it had awarded an exploration licence for an offshore block in the West Malvinas Basin, to a consortium formed by Argentinian, Italian and Japanese companies.
Brazil’s ANP authorises four more companies to bid for pre-salt fields
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has added four more international oil companies (IOCs) to its list of businesses eligible to participate in the next pre-salt bidding round.
Head of Mexican oil workers’ union quits amidst close scrutiny
The head of Mexico’s influential oil workers’ union, known by its Spanish acronym SPTRM, stepped down on October 16 amidst allegations of corruption.
Argentina blasts three companies for operations near Falkland Islands
Argentina’s Foreign Ministry has issued a statement singling out three oil companies for criticism over their operations off the coast of the Falkland Islands in the South Atlantic Ocean.
Ecuador’s president backs away from plan to lift motor fuel subsidies
Following more than a week of protests over the elimination of motor fuel subsidies, Ecuador's president has negotiated a deal with opposition groups.
Keeping up with Guyana
A Ramps Logistics representative says Trinidad and Tobago should promote transparency and offer additional incentives to investors.
Brazil unveils results of 16th offshore bidding round
Brazil's 16th offshore bidding round drew bids for 10 blocks from 12 companies that pledged to pay a total of $2.2bn in signing bonuses.
Argentina’s opposition candidate urged to use energy prices, tariffs as policy instruments
Advisors to Alberto Fernandez, Argentina’s opposition candidate for president, have suggested using energy tariffs and fuel prices as instruments to rein in price increases and encourage economic growth.
No short-term solutions for Cuban fuel shortages
Cuba is feeling some relief from fuel shortages following the arrival of eight Venezuelan tankers, but it cannot expect rescue from Venezuela or Russia.
Chevron buys 40% stake in three deepwater Mexican blocks from Shell
Chevron said last week that it had arranged to buy a minority 40% stake in three deepwater blocks offshore Mexico.
Peru LNG reports exports up year on year in September
Peru’s national oil company (NOC) Perupetro reported last week that the country’s only LNG plant had seen exports rise year on year in September.
Ecuador’s oil minister comments on OPEC departure, oil production plans
Ecuador’s Hydrocarbons Minister Carlos Perez has offered some insight into his country’s decision to withdraw from OPEC last week.
Ecuador puts an end to motor fuel subsidies
Ecuador’s President Lenin Moreno said last week that his administration was eliminating subsidised pricing for gasoline and diesel.
Sinovensa suspends blending operations, following Petropiar’s example
Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), has reportedly suspended work at its crude blending plants in the Orinoco region.
Upcoming Brazilian auctions draw interest from 14 IOCs
Brazil’s government has revealed that more than a dozen international oil companies have registered to participate in an upcoming licensing round covering four sizeable confirmed offshore fields.
Ecuador to drop out of OPEC as of January 1
Ecuador has made the decision to withdraw from OPEC at the start of next year.
Colombia’s next steps
Colombia is gearing up for several major developments in the oil and gas sector over the next 18 months.
YPFB reports successes on residential gasification front
A Bolivian cabinet official said last week that YPFB, the national oil company (NOC), had made significant progress on residential gasification programmes.
Pemex pays off more than $5bn worth of bonds ahead of schedule
Mexico’s national oil company Pemex succeeded in paying off more than $5bn worth of debts ahead of schedule last week.
YPF set to reduce investment budget next year
Argentina’s national oil company YPF is likely to trim its investment budget in 2020.
Caribbean markets offer new opportunities for US LNG operators
Eagle LNG and other US gas operators are poised to take advantage of growing demand in the Caribbean region.
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