LatAmOil - Latin America Oil & Gas
Suriname ringfences first oil project in effort to avoid Guyana's mistake
Suriname has included ringfencing in its petroleum agreement with oil company TotalEnergies for the country’s first oil project at Block 58.
Guyanese natural resources minister demands disciplinary action over mishandled ExxonMobil audit
Guyana’s Minister of Natural Resources, Vickram Bharrat, has called for disciplinary action to be taken after the claims against ExxonMobil were heavily reduced following an audit of the company
Suriname and Dominican Republic sign MoU over oil exploration
Suriname President Chandrikapersad Santokhi and Dominican Republic President Luis Abinader signed a memorandum of understanding offering the Dominicans the opportunity to invest in Surinamese oil exploration.
Will Brazil boost gas imports again in response to drought?
Rain shortages in northern Brazil have led the government to stockpile fuel for diesel generators.
Venezuela-US thaw points to new sanction waivers and sparks resumption of Maduro-opposition talks
Brazil’s CCS sector demands clear regulatory framework
Petrobras’ refineries post highest utilisation rate since 2014
Petrobras’ refineries utilisation rate stood at 97% in September for the second consecutive month, the Brazilian state-owned energy major reports.
Brazil’s inflation up to 5.19% in September on rising fuel costs
Brazil’s annual rate of inflation rose to 5.19%, up from 4.61% in August, as transport costs increased, the country's statistics office reports.
Pemex denies reports of free oil deliveries to Cuba
Mexico’s national oil company, Pemex, has denied allegations that it is supplying crude oil to Cuba without charge.
AES and Canada’s Seaspan to supply LNG to vessels transiting Panama Canal
AES to partner with Canada's Seaspan to supply LNG as maritime fuel to vessels utilising the Costa Norte LNG terminal in Panama.
Trinidad and Tobago launches Shallow Water Competitive Bidding Round 2023
Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has launched a licensing round covering 13 shallow-water blocks in the offshore zone.
Guyana may use bridge financing temporarily for Gas-to-Energy project
Guyana is set to make use of bridge financing to keep its Gas-to-Energy project afloat while awaiting authorisation of a US $646mn loan that it applied for from the United States EXIM Bank.
Ecopetrol subsidiary asks US judge for help in securing payments from CB&I
A downstream subsidiary of Colombia’s Ecopetrol has asked a US federal judge for help in securing payment from CB&I on $1.7bn worth of outstanding obligations.
SGP Bioenergy set to make final investment decision on $7bn Panama’s Golden City biorefinery.
Golden City Biorefinery, a ground-breaking $7.7bn project in Panama dedicated to the production of advanced biofuels, is poised to make its final investment decision in the fourth quarter of the upcoming year.
Pemex’s financial woes increase over Lopez Obrador’s term
Brazil’s Petrobras eyes Venezuela expansion, assesses Chevron’s return
Petrobras, the Brazilian state-controlled oil giant, is examining Chevron's resumption of operations in Venezuela and considering re-establishing its own presence in the oil-rich country, Petrobras CEO Jean-Paul Prates said.
Petrobras excludes Guyana from potential oil-and-gas suppliers
The CEO of Brazil's state-owned energy major, Petrobras, says it is of strategic importance to expand into neighbouring countries such as Venezuela and Bolivia. He made no mention, however, of oil-rich Guyana.
Citing oil production, World Bank lauds Guyana as Caribbean leader for economic growth
The World Bank has highlighted Guyana’s exceptional economic growth over the past year, and expects it to continue in 2024. The World Bank found that Guyana’s impressive growth rate has been driven by its oil production.
Venezuela’s PDVSA reactivates lubricant plant in Carabobo
State-owned Petróleos de Venezuela has announced the reactivation of a lubricant production facility located in Carabobo. This marks a significant step in PDVSA's efforts to bolster its presence in the automotive, industrial and fishing sectors.
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