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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Changes in Mexico’s fuel markets
The CRE has pushed Pemex’s deadline for compliance with new diesel specifications back five years and has also lifted constraints on wholesale motor fuel prices.
Argentina proposes new pricing, tariff policies for hydrocarbons
Argentina’s new government has taken steps to alter tariffs and taxes on crude oil and natural gas.
USVI set to reduce imports of LSFO from Argentina next year
Deliveries of low-sulphur fuel oil (LSFO) from Argentina to the US Virgin Islands have been rising this year but are likely to go down again in 2020, according to the US Energy Information Administration (EIA).
Colombia wants Drummond to suspend fracking at La Loma field
Colombia’s highest administrative court, the Council of State, has ordered Drummond, a US-based coal-mining company, to suspend hydraulic fracturing operations at the La Loma field.
Venezuela reports oil production up
Venezuela reportedly registered an increase in oil production last month, continuing the recovery that began earlier this year.
Peru LNG reports exports down year on year in November
Peru LNG, a consortium that operates a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes decline year on year in the month of November.
Petrobras abandons incomplete Comperj refinery – report
Petrobras has said that it will not complete construction work on the Comperj refinery with China National Petroleum Corp. (CNPC).
Petrobras to begin leasing LNG terminal in north-eastern Brazil
Petrobras has said it will begin leasing its LNG regasification terminal in the north-eastern part of the country, in line with a national effort to open up the country’s natural gas market to more competition.
Peruvian oil production hits five-year high in November
Crude oil production in Peru hit its highest level in five years in November, according to new statistics from the Peruvian Oil and Gas Association (known as SPH).
Management shake-up at Tullow
Tullow Oil's CEO and exploration director have stepped down following setbacks in Ghana, Uganda and Guyana.
Rosneft taking the reins of its JVs with PdVSA in Venezuela
Rosneft, Russia’s largest oil producer, is reportedly taking the reins of several joint ventures it has set up with PdVSA, Venezuela’s national oil company (NOC).
Pemex announces major discovery at Quesqui field in Tabasco
Mexico’s national oil company (NOC) has discovered a sizeable onshore deposit of crude oil and natural gas in the state of Tabasco.
Suriname finds no oil or gas in shallow-water drilling campaign
The national oil company (NOC) of Suriname said last week that it had wrapped up its 2019 drilling programme, known as the Nearshore Drilling Project, without making any discoveries.
Ecopetrol, Frontera and Amerisur among winners in Colombia auction
Canada’s Parex Resources, Colombia’s Ecopetrol and its subsidiary Hocol were among the companies to be awarded contracts to operate blocks in Colombia’s latest oil and gas auction round on December 5.
Ecuador awards major crude supply contract to Shell
Ecuador’s national oil company (NOC) Petroecuador has awarded a unit of the Anglo-Dutch oil super-major Royal Dutch Shell a contract to lift some 20.2mn barrels of Oriente-grade crude.
Brazil’s Petrobras may divest additional assets
Petrobras has said it could add several billion dollars’ worth of assets to its five-year divestment plan.
Management shake-up at Tullow
Tullow Oil's CEO and exploration director have stepped down following setbacks in Ghana, Uganda and Guyana.
Colombian government requests special dividend payout from Ecopetrol
Colombia’s government has asked Ecopetrol, the national oil company (NOC), to pay out a special dividend of COP3.7tn ($1.1bn) before the end of this year.
Karoon Energy scales back Australian operations to focus on South America
Bruce Phillips, the chairman of Australia’s Karoon Energy, said last week that his company was taking steps to shift its focus to development projects in South America.
Venezuelan oil exports reported up in November
PdVSA saw crude oil and fuel export volumes rise to 1.037mn barrels per day in the month of November.
Farm-ins more attractive than greenfield projects for potential investors in Mexico
Oil and gas operators looking to invest in Mexico have fewer options than they did previously. But some enterprising companies are forging new paths, focusing on buying into ongoing projects rather than pursuing greenfield schemes.
Apache will drill deeper, target third play offshore Suriname
US-based Apache is moving forward with a testing programme after sinking Maka Central-1, a well at Block 58 offshore Suriname, to a depth of 6,200 metres.
Colombia oil auction draws bids for 15 out of 59 blocks – government
Colombia’s latest oil auction has attracted bids for 15 blocks out of a total of 59 on offer, the country’s national hydrocarbons agency ANH has said.
Bolivia’s new government halts drilling by Brazil’s Petrobras
Bolivia’s new government has ordered the Brazilian national oil company (NOC) Petrobras to stop exploring for oil and gas in a key national reserve in the face of strong opposition from locals.
Argentina: Investment in Vaca Muerta could reach $9.5bn per year
Argentina could attract significantly more investment in its oil and gas sector by the end of the next decade, including up to $9.5bn of investment each year in the Vaca Muerta shale formation, according to outgoing government officials.
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