LatAmOil - Latin America Oil & Gas
ExxonMobil output offshore Guyana exceeds 650,000 bpd
ExxonMobil Guyana Director Alistair Routledge announced in a press conference that the company is now producing over 650,000 barrels of oil per day (bpd) from three vessels in the Stabroek Block—Liza Destiny, Liza Unity, and Prosperity.
ExxonMobil outlines Guyana exploration plans for 2024
Mexico’s outgoing President proposes 20 social, environmental, and political reforms
Guyana announces clean energy achievements and future plans in hinterland communities
The Guyana Energy Agency announced its progress in advancing clean energy electrification projects throughout hinterland communities in 2023 to showcase its commitment to sustainable development and renewable energy adoption across the nation.
Fuel prices expected to surge in Argentina as tax cap lifted
The Argentine government has decided to remove the liquid fuel (ICL) and carbon dioxide (IDC) taxation cap that has been in force since 2021, thereby sparking consumers’ fears of a 10% to 15% surge in fuel prices.
Baker Hughes announces expansion of Guyanese supercentre facility
Energy and technology giant Baker Hughes is gearing up for a substantial expansion of its Land of Canaan facility in East Bank Demerara (EBD), Guyana. The company is searching for local contractors for construction and engineering services.
Liza field offshore Guyana to go offline later this year
ExxonMobil chief financial officer Kathy Mikells has confirmed that the Liza field in the Stabroek Block offshore Guyana is expected to experience some downtime later this year to allow for the implementation of the landmark Gas-to-Energy project.
Colombia’s Ecopetrol reports sharp reduction in emissions
UK’s Wood secures $80mn contract extension with Equinor for Peregrino offshore Brazil assets
Wood, the UK-based engineering company, has successfully clinched a two-year contract extension valued at $80mn with Equinor for the maintenance and modification of its Peregrino offshore assets in Brazil
Brazil surpasses 38GW in installed solar energy
Brazil has achieved a milestone by surpassing 38GW of installed solar photovoltaic energy, comprising large plants and self-generation systems on various surfaces
3R Petroleum hires Itaú BBA for assessment of potential merger with PetroReconcavo
Brazilian crude oil producer 3R Petroleum has hired bank Itaú BBA as its financial advisor to evaluate the possibility of merging assets with PetroReconcavo
Guyana hires three companies to inspect ExxonMobil's offshore projects
The Guyanese government has hired three companies to conduct third-party inspections on the operations of ExxonMobil’s floating production, storage and offloading (FPSO) vessels in the Stabroek Block offshore Guyana.
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
Guyana's Stabroek production ramp-up to be further accelerated, says ExxonMobil CEO
ExxonMobil CEO Darren Woods indicated that his company’s production in the Stabroek Block is set to continue accelerating, attributing this mass output to the company’s "design one, build many" concept, emphasising consistency across projects.
Pertamina ventures into Maracaibo Basin, Venezuela, with a potential 12bn barrels of oil reserve
Indonesia's energy giant, Pertamina, is actively developing an oil and gas field in the Maracaibo basin in Venezuela, boasting a significant potential reserve of 12bn barrels of oil
Adding Saudi Arabia to the BRICS to create a commodities powerhouse
The potential inclusion of the United Arab Emirates, Iran, and possibly Saudi Arabia into the BRICS group of nations would create a commodities powerhouse that controls the bulk of global oil and gas deposits, analysts at S&P Global suggest.
Petrobras aims to capture 10% of Brazil's wind, solar market by 2028
Brazil’s state-owned energy major Petrobras aims to secure a 10% share of the centralised wind and solar generation market in the country by 2028
Petrobras receives $368mn earnout from Sepia, Atapu Blocks
Petrobras has confirmed the receipt of $368mn in cash as an earnout for the year 2023 from the investments it has undertaken in the Sepia and Atapu blocks, the Brazilian state-owned energy major said on January 31
LatAmOil: US moving toward revival of oil sanctions on Venezuela
SLB, Equinor achieve autonomous drilling milestone offshore Brazil
Oilfield services and technology company SLB, in collaboration with Equinor, has achieved a groundbreaking milestone in autonomous drilling at the Peregrino C platform offshore Brazil, Offshore Engineer reported on January 30.
Brazil's Bndes bank mulls renewable natural gas projects
A study led by Brazil's national development bank, Bndes, suggests that the country's renewable natural gas sector can see growth through new landfill-fed projects and the utilisation of the existing Cbio carbon credits program
Pemex’s debt maturities at almost $12bn in 2024
Mexico's state-owned energy major Pemex, burdened with significant debt, is expected to allocate approximately 200bn pesos in 2024 to cover the majority of its regular debt payments, according to Deputy Finance Minister Gabriel Yorio.
Concerns arise over potential shortfall in Brazil's Rota 3 Pipeline gas supply
The upcoming start-up of Brazil's Rota 3 natural gas pipeline from the offshore Santos basin, scheduled for this year, is raising concerns among market participants about potential supply shortfalls, Argus reported on January 29.
Venezuela, Iran, discuss cementing energy alliance
Caracas and Tehran have explored avenues to strengthen their energy alliance, Venezuela’s Foreign Minister Yvan Gil said after holding talks with visiting Iranian Oil Minister Javad Owji
Brazil’s LNG imports expected to rise on terminal's commissioning, Petrobras purchases
ExxonMobil Guyana inspects oil response kit in effort to ensure readiness
ExxonMobil Guyana recently conducted a significant preventive maintenance operation on its Oil Spill Response Essential Kit at the GYSBI shore base. This initiative aims to bolster the country's preparedness for potential oil spill incidents.
Follow us online