LatAmOil - Latin America Oil & Gas
Brazil’s São Martinho to produce biomethane at Santa Cruz
Sugar and alcohol company São Martinho has unveiled plans to construct a biomethane plant in conjunction with the Santa Cruz sugar cane factory, located in Americo Brasiliense in the state of Sao Paulo.
Argentina's fuel supply edges back to normal ahead of price increase
Argentina’s fuel supply is gradually returning to normal levels, adding to hopes that the national fuel shortage over the weekend will be overcome.
Argentine government pushes oil companies to end fuel shortages ahead of presidential run-off
Argentine Economy Minister and presidential candidate Sergio Massa is calling on oil companies to ramp up distribution in order to overcome the ongoing fuel shortage.
Brazil’s Petrobras to boost Regap refinery capacity by over 50%
Petrobras has announced an investment of BRL2.0bn ($397mn) at its Gabriel Passos Refinery, commonly referred to as Regap, aiming to increase capacity by 53%, the Brazilian state-owned energy major said on October 30.
Brazilian offshore activity could affect US’ OSV Fleet
The Brazilian offshore oil and gas sector is experiencing increased activity, and this surge may have a positive influence on the market recovery for offshore supply vessels in the US Gulf of Mexico, Offshore Engineer reported on November 1.
Argentina may cut fuel exports amid shortage, Massa warns
Sergio Massa, Argentina's economy minister and a presidential candidate, has warned that the country may bar oil producers from exporting if they don’t do enough to increase the local supply amid a national fuel shortage.
Petrobras to use carbon credits to offset gasoline emissions
Brazil’s state-owned energy major, Petrobras, is to utilise the 175,000 carbon credits it acquired in September to offset the carbon emissions generated by approximately a year's supply of its premium gasoline.
Brazilian MPs set up caucus to lobby for oil, gas sector
Brazilian MPS have formed a caucus to lobby for the interests of the oil-and-gas industry, which is mostly controlled by state-owned energy major Petrobras. The caucus supports exploration near the mouth of the Amazon.
Petrobras' Q3 output hits record highs, capacity utilisation at 96%
Brazil's state-owned energy major, Petrobras, posted record high production in the third quarter, helped by a healthy increase in its pre-salt output. Production stood in Q3 at 3.98mn barrels of oil equivalent per day, up 7.8% from Q2.
Brazil’s Minas Gerais state to pass binding mandate for ethanol use in public fleet
In an effort to boost demand for ethanol, the chamber of deputies of Brazil’s state of Minas Gerais has introduced a bill suggesting that heads of public agencies opt to fuel their flex-fuel vehicles with hydrated ethanol.
Stabroek Block partners initiate purchase of Liza Unity FPSO
Hess indicated in its Q3 earnings report that the company and its partners in Guyana’s offshore Stabroek Block are in the process of purchasing the Liza Unity floating production, storage and offloading vessel.
Petrobras selling full 18.8% stake in electricity utility UEGA
Female-led Guyanese company wins two oil blocks in nation's first auction
Female-led Sispro has been awarded two blocks in Guyana’s first-ever oil block auction. Of all 14 bids, the Guyanese company was the only individual bidder, with all other submissions coming as part of a consortium.
Suriname to leverage oil revenues to manage debt
Suriname will issue oil-linked securities to its creditors, whereby they will receive a portion of the royalties the country expects to generate from its first offshore oil development in Block 58.
Guyana announces significant discovery in Lancetfish-2 well in Stabroek Block
A “significant discovery” has been made in the Lancetfish-2 appraisal well drilled in the offshore Stabroek Block by the ExxonMobil-led consortium, Guyana’s energy ministry has announced.
Venezuela’s PDVSA inks two spot contracts with prepayment in EUR as US sanctions relief kicks in
Sales quotas imposed amid Argentinian fuel shortage
Fuel pumps in several regions of Argentina have imposed sales limits after it was reported that Argentina is suffering a fuel shortage. This shortage comes after state-owned energy company YPF raised average fuel prices by 3%.
Chevron to buy Hess for $53bn as majors bet on fossil fuels
In the latest in a series of massive US upstream transactions, Chevron has agreed to buy Hess, a US exploration-and-production independent, for $53bn in an all-stock transaction.
India seeks to diversify energy sources, eyes Venezuelan oil after US sanctions easing
India's future crude-oil imports from Venezuela will be steered by the nation's overarching energy-security policy, as New Delhi explores diversified supply sources to mitigate potential disruptions stemming from geopolitical instability
Mexico’s imports of Asian gasoline rise sharply
Mexico’s imports of Asian gasoline rose sharply in January-September, with China and Singapore exporting more in the nine-month period than the total exports for the entire years of 2020, 2021, and 2022.
LatAmOil: Chevron enters Guyana
Petrobras’ price policy lacks transparency, Acelen says
Acelen, a company controlled by Abu Dhabi’s Mubadala investment fund and the owner of Brazil's largest private refinery, has expressed reservations about Petrobras' pricing strategy, arguing it negatively impacts Brazil's business environment.
Brazil’s natural gas reinjection reaches record high in September
Brazil's natural gas production reached an all-time high in September, resulting in record-breaking reinjection volumes, according to the country's oil-and-gas regulator, ANP Argus.
Chevron buyout of Hess could boost exploration in Stabroek Block
Chevron’s move to buy out Hess could lead to more “adventurous drilling” in Guyana’s Stabroek Block, according to the director of energy for Americas Market Intelligence, Arthur Deakin.
Audits of ExxonMobil will be completed by mid 2024, Guyana VP says
The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that the audit of ExxonMobil’s expenses is expected to be up to date by mid 2024. He also said his government will not consider engaging in settlement talks with ExxonMobil.
Brazil’s Ipiranga introduces diesel with renewable content
Petrobras advocates for thorough qualification criteria in offshore wind farm auctions
Mexico restricts imports of petroleum products, petrochemicals
Mexico has imposed import restrictions on a range of petrochemicals and unfinished refined products, citing concerns that these materials are being employed in ways that violate or circumvent tax and fuel-theft regulations.
Woodside Energy awards pipe contract in Mexico to TechnipFMC
Woodside Energy has awarded a contract to manufacture flexible pipe for its Trion crude oil project in Mexico to engineering services firm TechnipFMC. The contract is TechnipFMC's largest flexible pipe award in the Gulf of Mexico to date.
Colombia’s Ecopetrol CEO disputes claims of oil-and-gas industry’s demise
Colombia's oil-and-gas industry is not facing an imminent demise due to the transition to cleaner energy, according to Ecopetrol CEO Ricardo Roa. Ecopetrol has never indicated a discontinuation of its traditional oil-and-gas operations, he says.
Ecopetrol, Shell's Glaucus-1 well confirms large gas reserves in Colombia’s Caribbean
Ecopetrol has confirmed the presence of natural gas in the deep waters of the southern Colombian Caribbean, a pivotal discovery that underscores the importance of the gas reserve in this region of the country.
Petrobras capital reserves earmarked for dividends, CFO says
Brazil’s state-owned energy major, Petrobras, has clarified that the capital reserve it plans to establish will be solely dedicated to paying dividends, according to the firm’s CFO, Sergio Caetano.
Brazil’s congressional debate on future fuel bill overlooking key aspects, business groups say
Brazil’s congress is to debate the federal government's draft Future Fuel Bill, aimed at accelerating the energy transition. Business groups say some key issues in the energy sector have been overlooked in the text.
Brazil advocates ethanol as a viable marine fuel
The movement to promote ethanol as a marine fuel is gaining momentum in the Brazilian energy sector, coinciding with shipowners' growing efforts to identify practical pathways for decarbonizing maritime navigation.
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