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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Energy minister: Retail gasoline price controls to be lifted by end-January
Franklin Khan, the energy minister of Trinidad and Tobago, said late last month that his country was on track to lift price controls on the domestic retail gasoline market by the end of January.
ExxonMobil spuds Bulletwood-1 well at Canje block
US-based ExxonMobil has reportedly begun drilling the Bulletwood-1 exploration well at the Canje block offshore Guyana.
Mexico agrees to extend talks on unitisation of Zama deposit
The government of Mexico recently gave the green light to an extension of talks between state-run oil company Pemex and a private consortium led by US-based Talos Energy over Zama, a huge oil deposit discovered in 2017.
A long, strange year: 2020 in review
NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.
NRG: Energy markets edge cautiously into a new year
Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine
Petronas, ExxonMobil report discovery at Sloanea-1
Petronas (Malaysia) and ExxonMobil (US) have discovered hydrocarbons in the Sloanea section of Block 52 offshore Suriname.
Guyanese business associations call for maximising local content
Two private business associations in Guyana have said they hope the international oil companies (IOCs) that are working to explore and develop hydrocarbon deposits in the offshore zone will hire local firms as often as possible.
Karoon ships first cargo of Baúna crude
Australia’s Karoon Energy has shipped its first cargo of crude oil from the Baúna field, located offshore Brazil in the Santos basin.
Peruvian gas output hits year-to-date high in November
Peru’s natural gas production hit its highest monthly level since the beginning of 2020 in November, after plummeting to historic lows earlier in the year as a result of the coronavirus (COVID-19) pandemic.
Eni considers drilling two new wells offshore Mexico
The Italian oil and gas major Eni is looking to sink up to two new oil and gas exploration wells at Cuenca Salina, a deepwater block in the Sureste basin offshore Mexico.
Brazilian Senate approves basic text of gas reform bill
The basic text of Brazil’s new gas reform bill, which was designed to further the process of opening the domestic natural gas market up to private competition, has been approved in the Senate.
Argentina receives bids from 16 firms in gas subsidy auction
The government of Argentina received bids from a total of 16 companies last week in its first round of auctions to supply more than 70mn cubic metres of natural gas at subsidised wellhead prices.
Mexico considers proposals to make Pemex’s tax burden lighter
The Mexican government is considering proposals to lighten the tax burden imposed on Pemex, the national oil company (NOC).
Kosmos Energy finalises sale of African, South American assets to Shell
US-based Kosmos Energy has finalised a farm-down deal involving assets in Africa and South America with Royal Dutch Shell (UK/Netherlands).
NRG: Brent soars to nine-month high
Iranian ‘crude carrier arrives off Venezuelan coast to load oil’
Total expands LNG footprint with ECA LNG equity stake purchase
France’s Total has agreed to buy an equity stake in Sempra Energy’s Energía Costa Azul LNG project, further expanding its already extensive LNG footprint.
Braskem Idesa forced to go without gas
Cenagas’ decision to suspend gas deliveries to Braskem Idesa's Etileno XXI facility puts the Brazilian-Mexican JV in a difficult position.
Khan: Shareholders in Atlantic LNG’s Train 1 seeking new gas suppliers
Shareholders in the first production train of the Atlantic LNG complex in Trinidad and Tobago are still looking for new sources of feedstock ahead of a turnaround programme that is slated to begin next month.
CNH approves Pemex’s unconventional exploration plans
Mexico’s national oil company (NOC) Pemex is taking another look at proposals for exploration of the country’s unconventional hydrocarbon resources.
Two major oil traders caught up in long-running investigation of corruption in Brazil
Two of the world’s largest commodity traders have been caught up in Brazil’s long-running Lava Jato (“Car Wash”) probe over the last week.
Mexico may collect $2.5bn from oil hedge
The government of Mexico is expected to receive a payout of around $2.5bn from its 2020 sovereign oil hedging deal
Petrobras receives offers for three refineries
Brazil’s state-run oil and gas firm Petrobras has received binding offers for three of its refineries: REMAN, LUBNOR and SIX.
Brazil sells just one offshore block in latest bidding round
Brazil sold just one offshore block in its latest oil and gas bidding round, prompting a government review of the country’s current licensing regime.
OVL’s mixed upstream fortunes
India’s state-run ONGC Videsh Ltd (OVL) has had something of a mixed week, with good news onshore Colombia being offset by a missed acquisition opportunity in Senegal’s deep waters.
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