LatAmOil - Latin America Oil & Gas
Liza Destiny quickest to hit peak performance of all Guyana, Brazil FPSOs, S&P Global claims
S&P Global Commodity Insights reported that it expects Guyana’s Liza Destiny FPSO to reach maximum production capacity ahead of the nation’s other offshore FPSO, Liza Unity, as well as all Brazilian FPSOs.
Guyana reissues request for proposals for largest renewable project to date
Guyana has reissued a request for proposals for the Amaila Falls hydropower project, its largest renewable-energy project to date, and key to helping Guyana meet its surging electricity demand.
Mexico’s energy minister leaves the post with pending tasks
Rocio Nahle has decided to leave her post as head of Mexico’s ministry of energy to run for the governorship of the Veracruz state, leaving her top priority – improving Mexico's oil-refining capabilities – still to be completed.
What’s driving the US decision to lift sanctions on Venezuela’s oil sector?
The US decision to lift sanctions on Venezuela's oil sector may be driven by three emergent geopolitical factors.
Trinidad and Tobago reportedly expects Atlantic LNG to sign restructuring agreement in November
Shareholders in the Atlantic LNG plant are reportedly on track to sign a restructuring agreement in London next month.
Guyanese minister hopes to see Corentyne block in production by 2030
Guyana’s minister of natural resources says he is hoping CGX Energy and Frontera Energy of Canada will be able to start production at the offshore Corentyne block within the next eight years.
Dutch FPSO builder secures contract for Whiptail project offshore Guyana
Dutch FPSO builder SBM Offshore has won the contract to perform the Front End Engineering and Design for an FPSO to be used in the Whiptail project, the sixth development project in the Stabroek Block offshore Guyana.
Venezuela receives second diluent shipment from Italy’s Eni to boost refining capacity
Venezuela, plagued by enduring fuel shortages, has received a new infusion of support from the Italian oil company Eni in the form of approximately 351,000 barrels of diluent material.
Petroecuador’s CEO Correa steps down amid corruption probe
US to ease sanctions on Venezuelan oil exports on promise of freer presidential election
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
Russia and Venezuela sign a slew of trade agreements, vow to deepen cooperation on oil
Russia and Venezuela signed a series of 16 collaborative pacts spanning the domains of energy, oil, tourism, culture, and education, during the “Russia-Venezuela High-Level Intergovernmental Commission” in Moscow.
Tecpetrol determined to enter Argentina’s lithium industry as Alpha Lithium bid deadline looms
Argentine-Italian billionaire Paolo Rocca's foray into the lithium sector remains undeterred, even as his oil-drilling unit explores alternative avenues in Argentina.
Brazil’s Petrobras aims to strengthen ties with Norway’s oil sector
Petrobras CEO Jean Paul Prates has said the Brazilian state-owned energy major wants to forge partnerships with Norwegian oil-and-gas companies as he commended the Scandinavian country’s approach to the energy transition.
Argentina appeals court order for $16bn YPF payout
Argentina has appealed a New York court's order for the country to pay $16.1bn to two companies that were not compensated following the nationalisation of the YPF oil company.
Brazil’s GranBio, US’ Honeywell to jointly produce SAF
Petrobras aims to drill for oil near Amazon Mouth in 2024
The CEO of Petrobras has said the Brazilian state-owned energy major’s plans for oil-and-gas exploration in the Equatorial Margin would include exploratory drilling near the mouth of the Amazon river in 2024.
Brazil’s Centre-South ethanol production up in H2 September
IMF projects rapid economic growth for Guyana amid soaring oil output
In its latest World Economic Outlook report, the International Monetary Fund projected that Guyana’s economy is set to grow by 38.4% in 2023. Should this figure prove accurate, Guyana would be the fastest-growing country this year.
Argentina appeals US court ruling requiring $16bn payment to YPF shareholders
Argentina has launched an appeal against a New York court's recent verdict that mandated the country pay nearly $16.1bn to two corporations left uncompensated during the nationalisation of oil behemoth YPF in 2012.
IMF projects rapid economic growth for Guyana amid soaring oil output
IMF projects Guyana’s economy to grow by impressive 38% in 2023
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