LatAmOil - Latin America Oil & Gas
Brazil’s aims to make natural gas driver for reindustrialisation
Brazil is aiming to leverage natural gas as a key driver for its reindustrialisation efforts in 2024 through the Gas for Jobs programme initiated by President Luiz Ignacio Lula da Silva's administration in 2023.
Brazil’s oil, gas output to grow in 2024 but regulatory uncertainty dents confidence
Brazil is anticipated to sustain its momentum in enhancing oil and natural gas production in 2024 due to the ongoing development of offshore fields, S&P Global Commodity Insights reported on January 5.
TotalEnergies, APA drilled 14 wells before wins in Suriname's Block 58, says Staatsolie
Suriname’s state-owned oil company Staatsolie revealed that TotalEnergies and APA Corporation drilled 14 wells in Suriname’s offshore Block 58 before striking oil at the Sapakara South and Krabdagu discoveries.
Prosperity FPSO background flare realised in record 39 days
The Prosperity FPSO, currently in use in the Payara project offshore Guyana, has achieved background flare in a record 39 days, ExxonMobil Guyana confirmed.
Brazil’s regulator grants approval for installation of FPSO Almirante Alexandre de Gusmao in Mero Field
Brazil’s environmental regulator Ibama has granted approval for the installation of a new floating production, storage and offloading (FPSO) vessel in the Mero field within the Santos Basin, Brazil Energy Insight reported on January 8.
Mexico’s Pemex and PDVSA strengthen ties amidst Venezuelan oil market rebound
Executives from Mexican state-owned oil company Pemex engaged in a meeting on January 5 in Caracas with representatives from PDVSA, marking a significant development following their initial discussions in Mexico City two weeks earlier.
Venezuela denounces US Supreme Court decision on Citgo auction
Venezuela's government rebuffed the recent acceptance by the US Supreme Court for ten additional creditors to partake in the proceeds distribution arising from the auction of Citgo shares, the US-based subsidiary of the state-owned PDVSA.
Brazil's ethanol exports in 2023 reach two-year high
Brazil’s ethanol exports rose in 2023, reaching the highest levels since 2020, primarily propelled by substantial demand from buyers in South Korea and the EU.
T&T overpromises on Dragon gas deal
Trinidad and Tobago has overpromised on the Dragon gas deal, as production is not likely to begin in two years.
Petronas and ExxonMobil to drill third well in Suriname's block 52
Malaysian state-owned energy firm Petronas and ExxonMobil are looking to drill a third well in Suriname’s offshore Block 52 in February.
Vaca Muerta sees record activity in 2023, poised for further growth in 2024
The Vaca Muerta shale formation in Argentina saw a historically high level of oil shale-related activities during the course of 2023, a monthly report by Contactos Energéticos Foundation concluded.
Guyana considers building refinery to bolster fuel security
India greenlights hydrocarbon partnership with Guyana
US judge grants additional Venezuela-linked creditors right to partake in Citgo auction
Peru LNG reports exports up y/y in 2023
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise in 2023.
ExxonMobil's Whiptail project to be approved by Guyanese government
Vice President of Guyana Bharrat Jagdeo has revealed that ExxonMobil’s Whiptail project is set to be approved sometime during the first quarter of 2024.
Pemex fuel output rises sharply, aims for self-sufficiency by 2025 as Mexico heads to polls amid political uncertainty
Brazil regulator issues preliminary licence for Parque das Baleias Integrated Project
US GE, Spain’s Iberdrola open combined cycle plant in Mexico
Norway’s LNG carrier Höegh LNG expands in Colombia
Global oil majors en route to taking over Guyana-Suriname Basin
The Guyana-Suriname Basin is witnessing a surge in activity as major oil players, including ExxonMobil, TotalEnergies, Chevron and Shell, deepen their involvement.
Guyana frames strategy to monetise vast gas resources
The government of Guyana plans to issue Requests For Proposals (RFP) aimed at implementing the country’s gas strategy, President Irfaan Ali confirmed.
Milei moves to deregulate Argentine oil market
Argentine President Javier Milei has submitted legislation to Congress aimed at deregulating the Argentine economy, with a specific focus on crude exports and removing government intervention over fuel prices.
Venezuelan oil alters dynamics in Asian markets as US sanctions ease
In the aftermath of the recent easing of US sanctions on Venezuela, a fleet of supertankers carrying Venezuelan fuel is poised to impact the dynamics of Asian energy markets.
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