LatAmOil - Latin America Oil & Gas
Saipem Guyana has issued an expression of interest (EOI) for occupational health and infirmary services in an effort to improve on-site medical services at the Stabroek Block offshore Guyana.
Oil executives from major global companies are rushing to seize opportunities in Venezuela following the recent easing of US sanctions.
Petrobras and Danish firm European Energy have signed a MoU regarding building an e-methanol plant in Brazil. E-methanol has the potential to be used in industrial applications and as a fuel, particularly in maritime transport.
Grepar, the prospective buyer of Petrobras' Lubnor refinery in Fortaleza, Brazil, has announced its intention to take legal action and seek compensation after the state-owned energy major cancelled the sale on November 27.
Argentina state oil form YPF has signed a Memorandum of Understanding (MoU) with German crude and natural gas producer Wintershall Dea and American material science leader Dow to explore carbon capture and storage (CCS) opportunities in Argentina.
Guyana’s crude exports to Europe rose to 215,000 barrels per day (bpd) during the first half of 2023, consisting of 63% of the nation's total exports 338,254 bpd.
The two firms formalised two new agreements for natural gas supply, along with a modification to an existing deal, as reported by Brazil’s oil and gas regulator the ANP.
Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) has revised the regulations governing biodiesel imports heralding a shift which is to allow foreign biofuels to contribute up to 20% of the nation's overall supply.
A Wood Mackenzie industry analyst has projected that the Guyana basin should achieve payback within eight to 12 years with oil sales in the range of $60 to $80 per barrel. Wood Mac expects Guyana to show particularly strong upstream growth.
Brazil’s state-owned energy major, Petrobras, and mining major Vale have said the two firms have the potential to underpin Brazilian demand for green hydrogen.
As of September 2023, the sanctioned investment for exploration, assessment, and development plans in Mexico's hydrocarbons industry reached an impressive $65.19bn.
Mexico Pacific, the developer behind the planned $14bn Saguaro Energia LNG export project, has granted the engineering, procurement, and construction (EPC) contract for the pipeline that will supply natural gas to the proposed facility.
Argentine president-elect Javier Milei faces a stern challenge in his pursuit to fully privatise state oil firm YPF, particularly as he contends with the nation's oil provinces who hold interest in the company.
Guyana increased its share in the European oil market during the first half of 2023, exporting 215,000 barrels per day (bpd). This comprises 63% of Guyana’s total exports during the period, compared to 50% last year.
The unexpected lifting of US sanctions on Venezuelan oil has unsettled China's independent refiners, prompting a pause in new purchases due to significant discrepancies in offer prices, according to trading sources.
Brazil's environment protection agency Ibama is expected to decide by early next year if state-owned energy major Petrobras can drill near the mouth of the Amazon River, according to the regulator’s president, Rodrigo Agostinho.
The north-eastern states of Pernambuco and Rio Grande do Norte in Brazil are witnessing a rise in natural gas costs, though they still remain among the lowest in the country.
The Deer Park refinery, nestled in Houston, Texas, has achieved its most impressive operational and financial performance in over 16 years after Mexico’s state-owned energy major Pemex took over the facility.
Shares in Colombia’s state-owned energy major Ecopetrol surged after the Constitutional court invalidated a measure that had previously imposed increased taxes on oil and coal producers.
US District Judge Loretta Preska suspended the enforcement of a $16.1bn ruling against the Argentine government in a case concerning the nationalisation of state oil firm YPF.
Argentina’s president-elect Javier Milei has selected Horacio Marín to be the next president and CEO of state oil firm YPF, a spokesperson for Milei’s La Libertad Avanza party confirmed
Brazil’s state-owned energy major Petrobras and Norwegian marine seismic services firm Shearwater have sign a deal to jointly research seismic exploration and field developments, Offshore Engineer reported on November 22.
The managing director of Trinidadian freight forwarding services Cargo Consolidators Agency has revealed that his company has seen an uptick in demand in the Guyanese market.
Guyana Deep Water Operations Incorporated (GDO), the local subsidy of FPSO builder SBM Offshore, released a request for proposals (RFP) for a supplier of water quality testing services for both the company’s onshore and offshore needs in Guyana.
The temporary easing of sanctions on Venezuela's oil sector must not be viewed as an endorsement for a full-scale resumption of operations, US Treasury officials have warned.
Subsea7 has announced the award of a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupira and Salema fields of the Campos Basin, at 700m water depth.
BW Energy has finalised the acquisition of the floating production storage and offloading (FPSO) Cidade de Vitoria from Saipem which is set to bolster oil production capabilities offshore Brazil.
Dissatisfaction with Petrobras CEO Jean Paul Prates is growing within President Luiz Inacio Lula da Silva's government, with calls for the company to align more closely with inflation-fighting measures and economic stimulus.
Guyana's sixth floating production storage and offloading (FPSO) vessel has been named Jaguar. The vessel, set to boast a production capacity of 275,000 barrels, will be used in ExxonMobil’s upcoming Whiptail development.
Mexico Pacific and the government of Chihuahua have signed a collaboration agreement to propel the development and operation of the Sierra Madre natural gas pipeline.
The Dos Bocas oil refinery, a flagship project for the Mexican government in the energy sector, is projected to become profitable in 20 years. Yet concerns persist regarding its ability to meet production targets.
The Mexican state of Tamaulipas has secured $18.96bn in investments from national and foreign oil companies for the hydrocarbons sector. This figure is expected to increase as more development plans in northeast Mexico are finalised.
Colombian President Gustavo Petro announced potential collaboration between state oil company Ecopetrol and Venezuela's PDVSA oil company, while his Venezuelan counterpart expressed interest in importing Colombian electricity.
Stabroek Block operator ExxonMobil produced over 102mn barrels of crude offshore Guyana from January until September this year, with an average daily output of 374,000 barrels per day.
ExxonMobil Guyana is looking to engage with multiple suppliers over the provision of a new set of onshore and offshore services as part of its Stabroek Block operations offshore Guyana.
Brazil's president, Luiz Inacio Lula da Silva, has reportedly urged the head of state-run oil firm Petrobras to adjust the company's 2024-2028 investment plan, with a focus on prioritising local job creation.
In an effort to curb excessive spending at Pemex, Mexico’s state-owned energy major, President Andres Manuel Lopez Obrador has directed the company to provide weekly spending updates to the head of the country's tax authority.
Brazil’s petrochemicals major, Braskem, has expressed its willingness to undergo due diligence across all of its operations in response to an offer from Abu Dhabi's state-owned Adnoc for a controlling stake in the company.
Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.
Argentina’s president-elect Javier Milei has confirmed his plans to privatise state energy company YPF
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is seeking a collaborative venture in natural gas exploration and production with Argentina, it has revealed.