LatAmOil - Latin America Oil & Gas
Petrobras begins wind measuring tests with unprecedented technology
Petrobras has initiated a round of wind-energy measurements along the coast of Rio Grande do Norte using the upgraded Bravo remote offshore wind assessment buoy, known as version 2.0.
Abu Dhabi’s Mubadala acquires 10% of Brazil's Atvos Bioenergia, a sugar and ethanol producer
Mubadala Capital, the investment arm of Abu Dhabi's sovereign wealth fund, has acquired a 10% stake in Atvos Bioenergia, the holding company that controls a prominent sugar and ethanol producer in Brazil.
In Brazil, BP Bunge’s ethanol gets green certification for sustainable aviation fuel
BP Bunge Bioenergia has been awarded the International Sustainability and Carbon Certification Corsia for its sugarcane-based ethanol meeting international standards for the production of sustainable aviation fuel.
Latest M&A deal for US major will impact South America
Chevron, which is already active in Venezuela and Suriname, is set to enter Guyana as a result of acquiring Hess in an all-stock transaction worth $53bn.
Trinidadian workers rush to compete for Guyana oil-and-gas jobs
More than a thousand Trinidadian workers appeared at a job fair with Pass Tech Ltd in Corinth, San Fernando recently, looking to seize career opportunities in Guyana’s booming oil and gas sectors.
Peruvian president grants state-run Petroperu two-year control of Talara refinery lots I and VI
US likely to win case against Mexico’s energy policies, trade group says
The US is likely to win its case against Mexico's energy policies in the arbitration panel set up within the North American USMCA free-trade agreement, according to an executive at a trade group.
Mexico’s regulator says 500 oil-rich areas could be allocated via auction
Mexico’s oil-and-gas regulator has identified approximately 1,000 areas with significant oil potential, with half of them already allocated but nearly 500 have yet to be allocated. They could be included in future bidding rounds.
TotalEnergies of France makes natural gas discovery in Brazil's Campos Basin
France’s energy major, TotalEnergies, has reported its second hydrocarbon discovery in block C-M-541, located in the pre-salt region of Brazil’s Campos and Santos Basin.
Petrobras’ pre-salt natural gas processing hit record high
Brazil’s state-owned energy major Petrobras’ natural gas processing units in Caraguatatuba and Cabiunas achieved a new record in processing pre-salt gas from the Santos Basin in September.
Brazil’s Petrobras ups diesel prices, cuts gasoline
Mexico’s President defends oil donations to Cuba
Oil markets on edge amid escalations in Israel-Hamas war
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.
Brazil gas-distribution market shifts after distributor Commit’s split
The division of the Brazilian natural gas distributor Commit into two separate entities is poised to bring five gas companies in the northeastern region under the control of a relatively unknown group of owners.
Mexico crude oil hedging for 2024 developing at pace
Mexico has been actively engaged in its annual oil-export hedging program, which ranks among the largest such endeavours in the global crude market. The hedging process appears to be nearing its conclusion, say individuals familiar with the deals.
Mexico’s Pemex debt costs fall 21% in January-August
Argentina and Uruguay face recurring fuel shortages
Fuel shortages have become a cause for concern in both Argentina and Uruguay. Montevideo anticipates a return to normal fuel supply by the end of October, but producers in rural Argentina remain apprehensive.
ExxonMobil Guyana to go ahead with plans in defiance of Venezuelan threats
Shrugging off recent provocations from Venezuelan President Nicolas Maduro, ExxonMobil Guyana maintains its commitment to its developmental agenda.
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