LatAmOil - Latin America Oil & Gas
BP Trinidad and Tobago enters an agreement to divest gas fields to Perenco T&T
BP Trinidad and Tobago announced that is has finalised an agreement to sell its stakes in several offshore gas fields to Perenco T&T.
Ecopetrol reports a significant oil production increase using the air injection method
Ecopetrol has successfully increased its oil output through an innovative air injection pilot project at the Chichimene heavy oil field in Acacías, Meta.
AMEXHI advocates for oil auctions to boost Mexico’s production
Reviving oil bidding rounds could be crucial for increasing Mexico’s crude oil production by almost 1mn barrels per day over the next two decades, according to the Mexican Association of Hydrocarbon Companies.
Staatsolie chief calls for local content policy in Suriname
As Suriname advances toward its first offshore oil production project, Staatsolie's managing director Annand Jagesar has advocated for a local content policy rather than a formal law.
Harbour Energy nears completion of Wintershall Dea acquisition following Mexican approval
Harbour Energy is on track to finalise its acquisition of Wintershall Dea's global exploration and production assets, with completion expected in early September 2024.
TotalEnergies to hire 600 workers in Block 58 project offshore Suriname
TotalEnergies announced that its $9bn Block 58 development offshore Suriname is expected to create job opportunities for approximately 600 people during the drilling phase.
Ecopetrol faces board resignations amid Occidental Oil deal controversy
Ecopetrol SA has experienced a shake-up in its leadership following the company’s retraction from a $3.6bn deal to acquire a stake in shale oil assets from Occidental Petroleum Corp.
TechnipFMC completes work on Guyana's landmark gas-to-energy project
UK energy technology company TechnipFMC announced that it has successfully completed its role in Guyana’s landmark gas-to-energy.
Gato Negro seeks 20-Year US permit for LNG export via Mexico
Gato Negro, a Mexican energy developer, has applied for a 20-year permit from the US Department of Energy to export natural gas to Mexico and re-export it as liquefied natural gas (LNG) to global markets.
New hydrocarbon basin discovered in Bolivia
Bolivia has made a significant discovery of a new hydrocarbon basin at the Mayaya Centro-X1 (MYC-X1) well in Caranavi province, situated in the La Paz department.
Argentine consultancy director identifies key workforce challenge facing Vaca Muerta
In an interview with Vaca Muerta News Radio, Natalia Maciel, Founder and Director of the Macval consultancy, shared her insights on the workforce challenges facing the Vaca Muerta region.
US greenlights Mexico’s Altamira LNG as first non-FTA permit since pause
Mexico’s Altamira LNG export facility has become the first terminal to be granted approval by the US Department of Energy to ship abroad LNG cargoes to countries that do not hold a Free Trade Agreement with the US since President Biden's pause.
Mexico Pacific secures 20-year LNG supply deal with South Korea’s POSCO
Mexico Pacific has sealed a 20-year supply deal with South Korean industrial giant POSCO to sell the company 0.7mn tonnes per year of LNG.
Venezuelan minister of oil announces new interbank currency market and oil sector revamp
Venezuelan Executive Vice President Delcy Rodríguez announced the launch of a new interbank currency market designed to enhance connectivity between financial institutions, marking a significant step in the country’s economic reforms
Sinochem mulling leaving US shale JV with ExxonMobil, says report
China’s state-backed Sinochem is considering divesting its 40% stake in a shale joint venture in the US with ExxonMobil.
YPF considers sale of lithium unit to focus on Vaca Muerta shale
Argentine national oil company YPF is contemplating the sale of its lithium unit, YPF Litio, forming part of the company’s divestment strategy aimed at refocusing investments on the Vaca Muerta shale formation.
Guyanese oil exports to rake in $18.6bn revenue in 2024, government forecast finds
Guyana's government has revised its 2024 oil export forecast upwards, now anticipating a total value of revenue of $18.67bn for the year.
Trinidad and Tobago gas output slumps to 22-year low
In June 2024, Trinidad and Tobago's natural gas production fell below 56.6 mn cubic metres for the first time in 22 years, government data revealed.
Pemex boosts ESG spending amid debt challenges
Mexican state-owned oil company Petróleos Mexicanos (Pemex) is ramping up its environmental, social, and governance initiatives despite ongoing financial pressures.
PDVSA ad-hoc board defends Citgo’s performance amid financial mismanagement claims
The ad-hoc board of Petróleos de Venezuela S.A. (Pdvsa), led by Horacio Medina, has dismissed allegations of "financial mismanagement" concerning Citgo.
Venezuela oil spill crisis deepens as Maduro faces OAS rebuke over inaction
Luis Almagro, Secretary General of the Organization of American States (OAS) Secretary General has called out the Venezuelan government's apparent indifference to a significant environmental disaster unfolding along its coastline.
Mexico’s nearshoring boom hinges on energy sustainability
As nearshoring continues to bolster Mexico's status as a prime location for foreign investment, experts emphasise that the country must ensure a reliable and sustainable energy supply to sustain this momentum.
Mexican Amigo LNG secures key LNG supply deal with Oman’s OQ trading
Amigo LNG SA de CV, a Mexican subsidiary of Singapore’s LNG Alliance Pte Ltd, has finalised a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading division of Oman’s national energy company.
Brazil's Lula sparks investment concerns with natural gas policy
President Luiz Inacio Lula da Silva's recent push for increased and cheaper natural gas supplies in Brazil has ignited concerns about potential government intervention in the energy sector.
Petrobras’ platform vessel Sepetiba achieves peak pre-salt output
The floating production storage and offloading (FPSO) platform vessel Sepetiba, under charter to Brazil’s national oil company (NOC) Petrobras, has reached its maximum production capacity of 180mn oil barrels per day (bpd) in the Mero field.
Brazil grapples with 13bn litres of irregular fuel trade annually
Leading fuel distributor Vibra Energia, in collaboration with McKinsey consultancy, estimates that approximately 13bn litres of fuel are sold irregularly in Brazil each year.
Petrobras commits to reducing gas reinjection where feasible
Brazil’s national oil company (NOC) Petrobras has pledged to reduce natural gas reinjection into oil wells where possible, according to CEO Magda Chambriard.
Petrobras adopts Dry-Flo technology for deluge system testing
Brazil’s national oil company (NOC) Petrobras has entered into an agreement to implement Dry-Flo technology for dry testing of deluge systems on its Floating Production Storage and Offloading (FPSO) units in the Búzios field.
Helix secures $786mn for Brazilian offshore well intervention
Helix Energy Solutions has been awarded substantial long-term contracts worth $786mn for offshore operations in Brazil.
Petrobras finalises 26 concession contracts in Pelotas Basin
Petrobras has signed 26 Concession Contracts from the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell, according to the Brazilian national oil company (NOC).
Petrobras exploring acquisition of Argentine shale gas assets
Brazilian national oil company Petrobras is exploring the acquisition of shale gas assets in Argentina to support industrial growth.
Guyana to conduct audit of Stabroek Block oil reserves
Vice President Dr. Bharrat Jagdeo announced in a recent press conference that the Guyanese government will initiate an audit of the Stabroek Block's oil reserves, utilising the expertise of an independent consultant.
Petroperú board urges government to address critical situation of state oil company
The Board of Directors at Petroperú has called upon the Peruvian Government to urgently decide on the future of the state-owned oil company, warning that the current situation is untenable.
Guyana runs workshop for handling oil spills
Guyana hosted a four-day workshop focused on oil spill contingency planning. The event was facilitated by the Regional Activity Centre/Regional Marine Pollution Emergency, Information, and Training Centre for the Wider Caribbean Region.
CRP Subsea awarded supply contract for major Guyanese oil project
CRP Subsea has secured a contract to supply critical equipment for an offshore oil field project in Guyana, as announced by its parent company, AIS.
BP reports indications of crude in Pau Brasil block
UK oil major BP has informed Brazil’s regulator the National Petroleum Agency (ANP) of oil indications in the inaugural well of the Pau Brasil block, situated in the pre-salt zone of the Santos Basin.
BP, EOG Resources to develop Coconut offshore Trinidad, Shell awards EPCI to McDermott for Manatee
BP Trinidad and Tobago and EOG Resources Trinidad Limited have announced a partnership to develop the Coconut gas field off the southeast coast of Trinidad in the Columbus Basin.
Guyanese oil output slumps during pipeline hookup for Gas-to-Energy project
Crude oil production at the ExxonMobil-operated Stabroek Block in Guyana experienced a significant decrease in July due to temporary shutdowns at the Liza field.
Guyanese oil revenue from first half of 2024 significantly boosts Natural Resource Fund
Guyana's Natural Resource Fund accumulated $1.38bn from oil sales and royalties during the first half of 2024, equating to approximately $7.6mn daily.
TGS and Petrobras sign deal for research and technology
Norwegian seismic firm TGS has entered into a partnership with Brazil’s national oil company (NOC) Petrobras to collaborate on scientific research and technological development in Brazil.
Mexico’s president-elect Sheinbaum appoints Rodriguez Padilla as Pemex CEO
President-elect Claudia Sheinbaum has named energy economist Victor Rodriguez Padilla as the new director of the state-owned oil and gas driller Petróleos Mexicanos (Pemex).
Brazil’s CNPE approves new pre-salt auctions and grants Petrobras preference in Jaspe block
Brazil’s National Energy Policy Council (CNPE) has authorised the auction of new pre-salt blocks in the Santos Basin, specifically the Rubi and Granada areas, to be conducted under the sharing regime by the National Petroleum Agency (ANP).
Brazil's government takes steps to boost natural gas market
NOV Flexibles awarded $350mn pipe contract from Petrobras
Danish pipe manufacturer NOV Flexibles has secured a $350mn contract from Brazil’s national oil company (NOC) Petrobras for the supply of flexible risers to serve both new and existing production platforms offshore Brazil.
Petrobras awards Helix long-term well intervention contracts
Helix Energy Solutions has clinched new three-year vessel charter and service contracts with Brazil’s national oil company (NOC) Petrobras for its riser-based well intervention vessels, Siem Helix 1 and Siem Helix 2, operating offshore the country.
Brazil’s gas market risks up, price cuts absent
The Brazilian government’s recent changes to the gas market could deter future investments and are unlikely to lower prices in the near term, according to industry experts.
Mexico's oil output surges in July with new refinery boost
Mexico's production of petroleum products, including gasoline, diesel and liquefied petroleum gas, surged to 1.07mn barrels per day in July, marking an 18% increase year on year, according to data from Petróleos Mexicanos (Pemex).
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