LatAmOil - Latin America Oil & Gas
Brazil and Bolivia negotiate energy integration, strengthen bilateral ties
Brazil and Bolivia are negotiating significant energy integration projects aimed at improving energy supply security and enabling energy exchange and surplus sales to Bolivia.
Fluxus announces $100mn investment in Bolivian natural gas production
Fluxus, the oil and gas division of Brazil's J&F Group, has disclosed plans to inject $100mn into Bolivia's energy sector by 2028.
Lula challenges Petrobras to go beyond profits in Bolivia
During a recent state visit, Brazilian President Luiz Inácio Lula da Silva said that Petrobras could play a pivotal role in Bolivia if it didn't just want to make money.
Vaca Muerta gas boost: Tratayén Compressor Plant inaugurated, promising $350mn annual savings
This infrastructure marks a significant leap forward for the nation's energy strategy, promising to boost the injection of Vaca Muerta gas into the Néstor Kirchner Gas Pipeline.
Brazil’s antitrust authority allows Petrobras to revise gas and refining disposals
Brazil’s national oil company Petrobras has reached an agreement with Brazil’s antitrust authority, Cade, to amend its divestment deals concerning natural gas and refining sectors.
Brazil and Bolivia sign agreement to increase generation at Jirau hydroelectric plant
Brazil and Bolivia have signed an agreement that allows for the expansion of energy production by the Jirau Hydroelectric Plant in the state of Rondonia to 750 megawatts, as well as deals on natural gas supplies.
Greek firm wins contract for Mexican deepwater project
Corinth Pipeworks has won a contract from Woodside Energy to supply approximately 118 kilometres of High Frequency Welded (HFW) steel pipes for the Trion deepwater field located in the Gulf of Mexico.
Petrobras puts gasoline prices up by 7% in first price move under Magda Chambriard
Brazil’s national oil company (NOC) Petrobras has announced its first gasoline price hike in nearly a year, alongside an increase in prices for gas used in cooking and heating.
ExxonMobil-operated Stabroek Block emerges as site of two global high-impact oil discoveries in 2023
The ExxonMobil-operated Stabroek Block emerged as a significant contributor to global high-impact oil and gas discoveries in 2023, according to the UK-based energy consultancy Westwood Global Energy Group.
Guyana becomes 13th country to unveil oil capping stack
ExxonMobil Guyana has unveiled its state-of-the-art capping stack for operations in the Stabroek Block, one of only 13 in the world staged in oil-producing nations.
Petrobras' Transpetro announces $2bn tender for 25 fuel transport vessels
Transpetro, Petrobras' transportation subsidiary, announced its first tender for constructing four fuel transport vessels. The company plans to launch four tenders by the end of 2025 to build 25 vessels, with a total investment of $2bn to $2.5bn.
Eni discovers significant oil and gas reserves off the coast of Mexico
Italian energy conglomerate Eni has announced a notable oil and gas discovery in the Sureste Basin, approximately 63 kilometres off the coast of Mexico.
Petrobras plans to reclaim fertiliser plants from Unigel amid legal dispute
Petrobras plans to take over nitrogen fertiliser plants in Laranjeiras (Sergipe) and Camaçari (Bahia) that were leased to Unigel in 2020. Petrochemical company failed to pay $1bn natural gas supply contract, started arbitration against oil giant.
Indian majors eye long-term oil supply deal with Brazil's Petrobras
Indian oil majors Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL) are negotiating long-term crude oil supply contracts with Brazilian producer Petrobras.
Peru and Ecuador forge anti-crime pact, eye joint oil processing
Peru and Ecuador's presidents, in a meeting held in Lima, have pledged to intensify their collaboration against transnational organised crime while exploring opportunities for joint oil processing, Peruvian official Dina Boluarte announced on July 4.
Shell takes FID on Trinidad’s Manatee project
Supermajor Shell has made a positive final investment decision on the Manatee project off the coast of Trinidad and Tobago.
US extends LPG export licence to Venezuela amid diplomatic talks
The US Treasury Department's Office of Foreign Assets Control (OFAC) has issued licence 40C, extending authorisation for the export and re-export of liquefied petroleum gas (LPG) to Venezuela until July 8, 2025.
Golar LNG enters 20-year floating LNG deployment agreement in Argentina
Golar LNG secured a 20-year agreement with Pan American Energy to deploy a Floating Liquefied Natural Gas vessel in Argentina, Golar announced in a press release.
Brazilian president to travel to Bolivia in search of cheaper gas
Brazilian energy industry representatives are set to accompany President Luiz Inacio Lula da Silva on a trip to Bolivia aimed at securing natural gas supplies following the expiration of a supply deal with Argentina.
Eight firms bid for 3D seismic campaign offshore Guyana
The Guyanese government has received eight bids from international contractors for an offshore 3D seismic campaign, as announced in a press release by the Department of Public Information.
Guyana rakes in $246 million in June from oil sales
Guyana’s Natural Resource Fund recorded a revenue of $246mn from oil sales in June, government data revealed.
Mexico: Sheinbaum's plan for PEMEX amid economic challenges
Mexico's President-elect Claudia Sheinbaum recently met with Octavio Romero Oropeza, General Director of Petróleos Mexicanos (PEMEX), to assess the company's current state.
Mexico's gasoline production rises under AMLO's oil industry reconversion
President Andrés Manuel López Obrador (AMLO) of Mexico has highlighted a significant increase in gasoline production, attributing it to the ongoing reconversion efforts within the country's oil industry and a decrease in crude oil exports.
Carlos Slim's Carso Group invests $1.2bn in Mexican gas field development
Carlos Slim, Mexico's wealthiest individual, through his conglomerate Grupo Carso SAB, is poised to inject $1.2bn into the development of the Lakach gas field situated in the Gulf of Mexico.
Golar to deploy floating LNG vessel to Argentina in 20-year deal
Maritime LNG infrastructure firm Golar LNG has reached an agreement with Argentina’s Pan American Energy for the 20-year deployment of a floating LNG vessel near its Vaca Muerte shale formation.
ExxonMobil attains highest market cap for US oil companies
ExxonMobil has emerged as the top-ranking oil company globally for June 2024, data from Statista showed, surpassing its peers with a market capitalisation of $497.62bn.
Guyana's largest FPSO to date set to start production in H2 2025
Guyana is anticipating the arrival of the ONE GUYANA FPSO vessel, set to depart from Singapore in the first half of 2025 and commence production by the latter half of the year.
Guyana emerging as one of the world's high-income economies
Guyana ranked 63rd in the World Bank’s rankings of high-income economies, up four places from last year. This rise was fuelled by the country’s booming oil sector.
Horizon56 digital tools boost efficiency and safety of Guyanese offshore exploration
Horizon56 has boosted efficiency, safety, and sustainability in Guyana’s energy sector through its RigFlow and RigBridge technologies.
Touchstone Exploration subsidiary wins licences for two blocks off Trinidad and Tobago
Touchstone Exploration Inc.’s Trinidadian subsidiary, Primera Oil and Gas Limited, secured Exploration and Production Licences for the Cipero and Charuma blocks offshore Trinidad and Tobago.
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