LatAmOil - Latin America Oil & Gas
US monitors Venezuela's small military movements near Guyana border amid tensions
White House National Security Communications Advisor John Kirby has disclosed that the United States is closely observing Venezuela's military movements near the border with Guyana, characterising the gatherings as “limited in scale.”
Guyana's President Ali views Berbice region as crucial for gas industry growth
Guyana's President Irfaan Ali envisions the Berbice region as playing a pivotal role in the nation's gas industry, claiming it is set to emerge as a hub for vital "gas-supporting infrastructure.”
Petronas begins drilling operations in Suriname's block 52 following oil and gas discoveries
Petronas has initiated drilling operations in Suriname's Block 52, Annand Jagesar, Managing Director of Suriname’s state-owned Staatsolie confirmed. The exploration of the Fusaea well will be followed by an appraisal well for gas called Sloanea.
DeepOcean wins ExxonMobil Guyana offshore subsea contract
DeepOcean has won a contract from ExxonMobil Guyana to provide subsea construction and inspection, maintenance, and repair (IMR) services offshore Guyana. This encompasses subsea activities including construction, jumper installation, and IMR work.
Korean conglomerate offloads stake in Peruvian LNG
MidOcean Energy, a leading unit of the US-based energy investor EIG Global Energy Partners, has acquired a stake in Peru LNG, a terminal operator
Wintershall Dea announces successful installation of Fénix platform offshore Argentina
Wintershall Dea, alongside partners TotalEnergies and Pan American Energy, has achieved a major milestone with the successful installation of the Fénix platform, positioned approximately 60 km off the coast of Tierra del Fuego, Argentina.
Pertamina teams up with ENI and Petronas to expand oil & gas exploration abroad
PT Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas giant Pertamina, is partnering with major players ENI and Petronas to explore potential oil and gas blocks in Africa and South America
Mexican tycoon Carlos Slim mulls additional investment in Talos Energy
Mexico’s wealthiest individual Carlos Slimis reportedly looking to expand his company's oil and gas portfolio in cooperation with US-based Talos Energy
Mexican government approves fiscal stimulus for Pemex
Mexico’s government has agreed to provide a fresh “fiscal stimulus” to heavily indebted Pemex.
Petrobras hopes to finalise RLAM refinery deal with Mubadala by June 30
Petrobras is working to finalise the intricate details of an agreement with Mubadala that would allow it to regain control over the operations of the RLAM refinery.
Brasilia seen reappointing government representatives to Petrobras’ board soon
Brazil’s government is reportedly set to reappoint representatives to the board of directors of Petrobras.
Witnesses in Vitol trial testify on bribe payments to Mexican oil officials
Witnesses in Vitol trial have testified on bribe payments to Mexican oil officials.
Woodside secures green light for Trion project’s social impact assessment document
Australia’s Woodside Energy said the Mexican Secretariat of Energy (SENER) had approved the Social Impact Assessment (SIA) conducted for its Trion oil and gas project.
US court auction for Citgo encounters bid challenges
In a significant turn of events, the US court auction determining the destiny of Houston-based and Venezuelan state-owned oil refiner Citgo Petroleum has witnessed bids leveraging claims instead of cash.
Venezuela's military buildup near Guyana raises regional tensions
ExxonMobil Guyana poised to beat 2027 production target
ExxonMobil's output in the Stabroek Block offshore Guyana is poised to potentially reach 1.5mn barrels per day (bpd) by 2027, thereby exceeding the company’s initial 1.2mn bpd target.
Guyana targets completion of ExxonMobil expense audits by year-end amid oil production surge
Guyana Vice President Bharrat Jagdeo declared the government’s goal to complete three separate audits of the expenses from the ExxonMobil-operated Stabroek Block spanning 24 years by the end of the year.
ExxonMobil Guyana to move into new $160mn HQ
ExxonMobil Guyana is gearing up to transition to its new headquarters in Ogle, East Coast Demerara, this year. "There's a lot of work to be executed in that finalisation but we'll occupy it this year." company president Alistair Routledge confirmed.
Pemex reports oil production down in 2023
Mexico’s national oil company (NOC) Pemex saw crude production levels drop last year, even as exports increased.
Peru LNG reports export volumes down in January
Peru LNG saw export volumes sink by more than 2% month on month in January 2024.
Guyana commissions $13mn FPSO facility simulator
A groundbreaking $13mn FPSO facility simulator has been commissioned in Guyana, marking a significant milestone in the country's oil and gas training capabilities.
ExxonMobil deliberates 7th development in Guyana
Construction underway for ExxonMobil's fifth Guyana FPSO
Japanese FPSO operator MODEC has begun constructing the FPSO Errea Wittu, to be used in ExxonMobil’s fifth oil development in the Stabroek Block offshore Guyana. ExxonMobil’s Uaru project is expected to begin operations in 2026.
ExxonMobil assures that Liza field downtime will not affect production goals
ExxonMobil announced that the Liza field in the Stabroek Block offshore Guyana will be taken offline temporarily later this year as the company hooks up the pipeline for Guyana’s landmark Gas-to-Energy project.
Venezuela threatens force against ExxonMobil over Guyana drilling plans
Venezuela has issued a stern warning of potential force against US energy giant ExxonMobil amid its planned offshore drilling in Guyana, an action deemed in violation of a prior agreement reached in December to refrain from such threats.
Western oil majors ease Venezuela fuel shortages as uncertainty looms over US sanctions relief
Western oil majors, including Chevron Corp. and Repsol SA, are playing a pivotal role in addressing Venezuela's fuel shortages under fresh agreements following the lifting of US sanctions.
MidOcean Energy reaches deal to acquire 20% stake in Peru LNG
MidOcean Energy, an LNG company created and managed by US investment firm EIG, has purchased a 20% stake in Peru LNG, the company revealed on February 12.
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
LatAmOil: Pertamina ventures into Venezuela’s Maracaibo basin
Mexico’s gas station regularisation program advances
The Gas Station Regularization Program in Mexico, designed to address environmental impact concerns, has made significant progress, with almost half of the targeted stations undergoing inspection
Mexico’s President's energy reforms likely to be part of the electoral programme
Mexican President Andres Manuel López Obrador has officially introduced a package of reforms, including significant changes to the energy sector, formally submitting his intention to dissolve autonomous regulators CRE and CNH.
Pemex aims to practically halve its emissions by 2027
Pemex has said it will aim to practically halve its greenhouse gas emissions by 2027
Pemex, CFE financials jeopardise Mexico’s sovereign credit rating.
US credit rating agency S&P has maintained Mexico's long-term foreign currency and local currency sovereign credit ratings at 'BBB' and 'BBB+', respectively, with a stable outlook, but warned state-owned energy major Pemex and utility CFE
Mexico unveils climate change reports aiming to enhance transparency
Rio de Janeiro aims for free natural gas market amid growing demand
The state of Rio de Janeiro in Brazil is actively seeking to develop its free natural gas market, responding to increasing demand in the coming decade and challenges in Brazil's gas agenda
ExxonMobil to write off Kaieteur expenses following withdrawal
Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms
Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East
Guyana's revenue from oil production expected to increase as ExxonMobil recovers costs
Guyana is poised to experience a substantial surge in its oil revenues by 2026/2027, fuelled by the ExxonMobil-led Stabroek Block consortium's ongoing efforts to recover its significant investments in offshore exploration and development.
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