LatAmOil - Latin America Oil & Gas
India turns to Guyana and Suriname amid OPEC oil cuts
India's Union Petroleum Minister, Hardeep Singh Puri, revealed India's intent to diversify its crude sources amidst ongoing voluntary output cuts by OPEC+ nations.
Guyana on track to becoming world's biggest oil producer per capita
Guyana on track to becoming world's biggest oil producer per capita Guyana's oil production is projected to hit 900,000 barrels per day (bpd) next year, putting the country on track to become the world's largest oil producer per capita.
Argentina receives Brazilian support in $16bn YPF case
Argentina's challenge against a US court's ruling ordering it to pay $16.1bn over the 2012 nationalisation of YPF SA, the country's oil company, has garnered support from Brazil.
Petronas, ExxonMobil, Staatsolie sign agreement to extend Suriname gas exploration
Suriname’s national oil company Staatsolie announced the signing of a Letter of Agreement (LoA) between itself and ExxonMobil and Petronas committing to the extension of gas exploration efforts in Block 52 offshore Suriname.
ExxonMobil planning telecommunications station and pipeline for Guyana Gas-to-Energy project
ExxonMobil is making progress in Guyana’s landmark Gas-to-Energy project, with the energy company planning the construction of a telecommunications station and the continued pipelaying.
Peru LNG’s export volumes dropped in February
The Peru LNG consortium saw export volumes sink by almost 17% month on month in February 2024.
Chevron farms into AREA OFF-1 offshore Uruguay in deal with Challenger Energy
Challenger Energy has concluded a farm-out agreement that will allow Chevron to obtain a majority stake in the AREA OFF-1 block offshore Uruguay.
Atlantic LNG plant signs three-year EPC contract with Massy Wood
Atlantic LNG consortium of Trinidad and Tobago has awarded a three-year EPC contract to a joint venture owned by the energy division of a local company, Massy and Wood Group.
Mexico’s Sonora state unveils $3.4bn investment for LNG project
The government of the Mexican state of Sonora has disclosed that Amigo LNG is set to invest $3.4bn to develop a new gas liquefaction terminal at the port of Guaymas. This investment aims to position the state as a hub for gas liquefaction.
BP takes another shot at Brazilian deepwater drilling despite industry struggles
BP is gearing up for a new deepwater drilling attempt in Brazil at the Pau Brasil field, aiming to reverse the trend of major oil companies struggling to find significant reserves in the country's pre-salt region.
SBM Offshore hails 10-year operations and maintenance enabling agreement with ExxonMobil Guyana
SBM Offshore stated in its 2023 annual report that the company’s 10-year Operations and Maintenance Enabling Agreement (OMEA) with ExxonMobil Guyana could lay the foundation for the company’s approach to relationships with clients in the future.
Guyana's Stabroek Block output hit 18.7mn barrels in January
Production at the ExxonMobil-operated Stabroek Block offshore Guyana reached 18.7mn barrels of oil in January. Collectively, these projects achieved an average production rate of 602,000 barrels per day (bpd).
ExxonMobil Guyana prepares Request for Information for construction of telecommunications station
ExxonMobil, the operator of Guyana's Stabroek Block, has prepared a Request for Information (RFI) for the establishment of a coastal telecommunications station within the Georgetown to Vreed-en-Hoop area.
ExxonMobil president hails Guyana oil sector as output nears 700,000 barrels per day
ExxonMobil President Liam Mallon has lauded the progress that has been made in Guyana’s oil production, emphasising its growth from zero when it first started drilling to approximately 640,000 barrels per day (bpd).
Guyana surpasses Venezuela in oil exports amid border dispute and sanctions return fears
The ongoing border dispute between Venezuela and Guyana takes a new turn as Guyana continues to outpace its neighbour in oil exports for the third consecutive month.
Guyana Vice President defends hesitation to utilise Trinidad natural gas processing facilities
Guyana's Vice President Bharrat Jagdeo has expressed hesitation regarding Trinidad and Tobago's natural gas facilities for processing, emphasising the need for a feasibility study before making any decisions.
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
Venezuela urges collaboration among gas exporting countries to enhance global influence
Venezuelan Minister of Oil, Rafael Tellechea, advocated on March 2 for concerted efforts to foster a cooperative consensus among member states of the Forum of Gas Exporting Countries.
Venezuela grapples with shipping delays as oil exports inch up amidst US sanctions return fears
Venezuela’s oil exports edged up in February to approximately 670,000 barrels per day, yet persistent shipping delays exacerbated a backlog of tankers awaiting loading, as per documents and vessel tracking data.
Petroperu board overhaul signals state intervention amidst financial strain
Peru's government, under the leadership of Prime Minister Alberto Otarola, announced plans to overhaul the board of national oil company Petroperu, amidst mounting financial pressures facing the company.
Petrobras finds no irregularities on Unigel tolling contract after internal investigation
Brazil’s national oil company Petrobras has announced the conclusion of its internal investigation into the tolling contract with Unigel, finding no irregularities.
APA Suriname reliquishes a portion of block 53 offshore Suriname
APA Suriname Corporation LDC, alongside its partners CEPSA from Spain and Petronas, has opted to relinquish a portion of block 53 in Suriname's offshore region back to Staatsolie Maatschappij Suriname N.V.
TotalEnergies moves to secure final investment decision on Suriname's Block 58
TotalEnergies is moving to secure a final investment decision (FID) by the end of the year for a major oil project in Block 58 offshore Suriname, commanding an expected $9bn investment.
New Fortress Energy starts Barcarena and Terminal Gas Sul LNG facilities in Brazil
US LNG developer New Fortress Energy has revealed that its Barcarena LNG terminal and Terminal Gas Sul have begun operations.
Brazil’s potential easing of LPG usage restrictions could boost demand by 5%
Brazil is contemplating the relaxation of restrictions on liquefied petroleum gas usage, a move that could potentially boost demand by 5% over the next five years.
Mexico's Pemex swings to profits in Q4 but provider debt hits record high
Mexico's state-run oil company Pemex recorded a profit of MXN106.9bn in the last quarter of 2023, reversing earlier losses.
Petrobras starts drilling in Espirito Santo Basin at 2,100-metre depth
Brazil’s state-owned energy major Petrobras has commenced drilling operations for well 1-BRSA-1391-ESS in the Espírito Santo Basin.
SBM Offshore reserves hull for Guyana's Jaguar FPSO
Dutch shipbuilder SBM Offshore has taken a significant step forward in the construction of the Jaguar floating production, storage, and offloading vessel for ExxonMobil's sixth development offshore Guyana.
Chile's state-run ENAP signs natural gas technology deal with Upwing Energy
Chile's state-run energy company, Empresa Nacional del Petroleo has inked a deal with California-based Upwing Energy to deploy cutting-edge gas technology aimed at boosting production and recoverability in the country's gas fields.
Brazil, Guyana, and Suriname enter trilateral agreement for sustainable energy
Presidents Mohamed Irfaan Ali of Guyana, Luiz Inácio Lula da Silva of Brazil, and Chandrikapersad Santokhi of Suriname have affirmed their commitment to strengthening sustainable energy collaboration among their nations.
Exxon, CNOOC may derail Chevron’s $53bn bid for Hess
In a surprise move, ExxonMobil and China National Offshore Oil Corp. are asserting that they have the right to pre-empt Chevron’s purchase of Hess’ stake in the prolific deep-water offshore Stabroek field off Guyana.
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