LatAmOil - Latin America Oil & Gas

3 March 2023

T&T’s regional energy ambitions hit stumbling block

2 March 2023

Guyana and Venezuela offer two different examples of responses to T&T's offer to use existing oil and gas infrastructure.

First LNG exports from Mexico’s Altamira site coming this summer, says New Fortress

1 March 2023

First LNG from a floating LNG production unit offshore Altamira, Mexico should be achieved in July, management at New Fortress Energy revealed on February 28. The first of two “Fast LNG” (FLNG) liquefiers is about 80% finished.

Pemex fails to uphold pledge to halt gas flaring at Ixachi field

1 March 2023

Mexico’s national oil company Pemex has failed to uphold its commitment to stop flaring at Ixachi, one of the country’s major natural gas fields, by mid-January of 2023.

Brazil gearing up for gradual re-introduction of taxes on gasoline, ethanol

1 March 2023

Brazil’s government will re-introduce federal taxes on motor fuels this year in several stages, using a new formula that will raise BRL28.8bn ($5.51bn) in budget revenues.

Petroecuador hopes to wrap up repair work on SOTE system quickly

1 March 2023

Petroecuador reported on February 27 that it expected to wrap up repair work on the Trans-Ecuadorian Oil Pipeline System (SOTE), one of the country’s main crude transportation networks, the following day.

Brazilian independent Seacrest raises $260mn via IPO in Norway

28 February 2023

Seacrest Petróleo, a Brazilian independent, has successfully raised $260mn via an initial public offering (IPO) on the Oslo Stock Exchange in Norway.

Guyana considers extending offshore bidding round deadline, minister says

28 February 2023

Guyana’s first competitive bidding round has attracted considerable attention, with more than 20 international oil companies (IOCs) expressing interest in the 14 blocks on offer.

SBM Offshore confident of ability to deliver FPSOs to Guyana, Brazil on schedule

28 February 2023

SBM Offshore still expects to deliver FPSO vessels for a number of South American projects on schedule despite disruptions to its schedule.

Venezuelan oil output rising but could run up against constraints soon

27 February 2023

Venezuela’s oil output has risen since the US government began easing trade sanctions late last year, but it may not be able to go much higher due to logistical and structural constraints on output capacity.

Pemex reportedly in talks with Goldman Sachs, JPMorgan Chase on $1bn in financing

27 February 2023

Mexico’s national oil company Pemex is reportedly in negotiations with Goldman Sachs Group and JPMorgan Chase over financing deals worth a combined $1bn.

Petrobras sets record for CCUS gas re-injection in 2022

27 February 2023

Brazil’s Petrobras set a record in carbon dioxide capture, use and geological storage in 2022, reaching a volume of 10.6mn tonnes per year re-injected, equivalent to 5.8bn cubic metres of CO2.