LatAmOil - Latin America Oil & Gas
Petrobras caps FPSOs at 14 by 2028, adds decarbonisation features
Brazil’s national oil company (NOC) Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years with increased emissions reduction tools.
Guyana FPSO emerges as major driver of SBM Offshore first-quarter revenue
SBM Offshore released first-quarter results for 2024, with its financial success largely driven by the deployment and operation of its Prosperity and Sepetiba floating production, storage, and offloading vessels in Guyana and Brazil.
A&B Oil and Gas and PDVSA showcase Petrolera Roraima
PDVSA Vice President Luis Molina Duque, representatives from the national Executive, and Jorge Silva, President of Venezuelan firm A&B Oil and Gas, unveiled the joint venture Petrolera Roraima
Petrobras CEO resigns; cabinet appoints Magda Chambriard as successor
Petrobras' CEO Jean Paul Prates has resigned after nearly a year and a half in the position and will be replaced by former head of the crude oil and gas regulator ANP Magda Chambriard
Venezuela’s PDVSA challenges auction process amid Citgo dispute
Venezuela’s state-owned oil company, PDVSA, contested the bidding process slated for the court-mandated sale of PDV Holding
Staatsolie preparing to manage Suriname oil fund as Block 58 development underway
Suriname’s national oil company Staatsolie is laying the groundwork for the establishment of a sovereign wealth and stabilisation fund, Managing Director Annand Jagesar stated in the company’s 2023 annual report.
SBM Offshore seeks Guyanese steel manufacturer for Jaguar FPSO
SBM Offshore is seeking Guyanese steel manufacturers to assist in constructing the Jaguar floating production, storage, and offloading (FPSO) vessel for ExxonMobil's development at the Stabroek Block.
Anticipation builds ahead of decisive OPEC+ meeting
Speculation is rife as the group prepares to decide whether or not it should stick to the current 2.2mn bpd of cuts
New Fortress Energy to deliver first cargo from Altamira FLNG in June
US LNG producer New Fortress Energy announced it will push back the start date for its Altamira FLNG facility to May and will aim to ship its first cargo in June.
Petrobras reports worse-than-expected 38% drop in Q1 profit
Brazilian national oil company (NOC) Petrobras reported a 38% decline in its first-quarter net recurring profit, falling short of analysts' expectations.
Colombia’s Andes Energy Terminal progresses with feasibility study completed
Colombia’s Andes Energy Terminal, a planned LNG regasification facility and 400 MW power plant near the port city of Buenaventura on Colombia’s west coast, has taken a key step forward with the completion of a feasibility study on May 9.
Canacol energy denies talks with Ecopetrol regarding gas assets
According to Canacol Energy's CEO Charle Gamba, the Canadian company has not engaged in any discussions with Colombia's majority state-owned oil firm, Ecopetrol, regarding a potential transaction involving its gas assets in the Andean nation.
YPF green-lights $2.5bn oil pipeline
Argentine national energy company YPF SA has approved its proposed $2.5bn Vaca Muerta Sur pipeline aimed at transporting crude oil from the Patagonian region.
Petrobras banks on strong supplier chain to commission 14 platforms
Petrobras plans to commission 14 floating production storage and offloading (FPSO) platforms in 2024-2028, representing one-third of global FPSO orders during this period
Panama Canal seeks to increase transit volumes from US LNG producers
US LNG producers are seeking to increase volumes shipped through the Panama Canal and are currently in the midst of negotiations with the canal’s authorities to secure additional slots.
Petrobras required to assess Amazon drilling impact on indigenous communities
Brazil's national oil company has been required to conduct a series of studies on the impact of planned offshore drilling on Indigenous groups in the Amazon area, according to documents from government agencies
Bolivia: Urgent need for new hydrocarbon legislation
With declining gas production and income in Bolivia, the government has underscored the necessity of revising and modernising the regulatory framework governing the hydrocarbon sector.
Liza Unity FPSO receives world's first REMOTE-CON Notation
The American Bureau of Shipping has granted the Liza Unity floating production, storage, and offloading vessel the REMOTE-CON Notation in recognition of its integration of remote-control functionalities.
Compagnie Maritime Monegasque secures funding for ethanol-powered PSV fleet in Brazil
CMM secures $94mn funding for ethanol-powered fleet expansion in Brazil
Ecopetrol's Q1 net profit falls 29% as Colombia's energy giant navigates economic challenges
Ecopetrol, Colombia's majority state-owned energy firm, revealed a 29.1% drop in net profit for the first quarter of the year
Petrobras refinery affected by floods in Rio Grande do Sul
The Alberto Pasqualini Refinery, operated by Brazil's state-run oil company Petrobras PETR4.SA, is grappling with logistical challenges in fuel distribution due to extensive flooding in the southern state of Rio Grande do Sul
Cepsa advances energy transition, agrees to sell Peru assets to PetroTal Corp
Cepsa has entered into a strategic agreement with PetroTal Corp to divest its Exploration and Production division in Peru
Mexico to continue assisting Pemex in debt refinancing efforts
Mexico's Finance Minister, Rogelio Ramirez de la O, affirmed the government's commitment to supporting Petroleos Mexicanos
Colombia’s Ecopetrol seeks US waiver to import Venezuelan gas amid supply concerns
Colombia's Ecopetrol SA is pursuing an exemption from the United States to import natural gas from Venezuela, as the nation anticipates a shortfall in power-station fuel supply from next year.
Petrobras to commence drilling at Colombia's Uchuva-2 well
Petrobras, Brazil's state-owned oil company, is gearing up to commence drilling activities at the Uchuva-2 well off the coast of Colombia later this month
Follow us online