LatAmOil - Latin America Oil & Gas
Prio to acquires 40% stake in Brazilian oilfields from Sinochem for $1.92bn
Brazilian oil and gas producer Prio has made a significant move in the offshore energy sector by signing a $1.92bn deal to acquire a 40% stake in the Peregrino and Pitangola fields from Sinochem.
Brazil’s Brava Energia sells 20% stake in offshore fields to US firm for $309mn
Brava Energia, formerly 3R Petroleum, has sold a 20% stake in its BS-4 Concession offshore Brazil to Westlawn Americas Offshore (WAO), a US oil and gas company
Petrobras to reopen Roncador field well aiming to boost gas supply
Brazil’s national oil company (NOC) Petrobras is taking steps to increase natural gas production by reopening a closed well in its offshore Roncador field, according to CEO Magda Chambriard
Petrobras mulls joint projects with Suriname’s Staatsolie
Brazil's national oil company (NOC) Petrobras has taken a significant step towards expanding its international partnerships by signing a non-binding memorandum of understanding (MoU) with Suriname's national oil company, Staatsolie.
Neuquén poised to boost gas exports to Brazil
The Neuquén province of Argentina is poised to increase its gas exports to Brazil following the reversal of the Northern Gas Pipeline, set to be operational from October 10, Governor Rolando Figueroa announced.
Sheinbaum’s agenda for Mexico, a focus on public energy and sustainability
In her inaugural address, Claudia Sheinbaum, Mexico’s first female president, laid out a bold plan to reshape the nation’s energy sector.
OPT partners with Brazil’s SENAI Institute to research autonomous ocean technologies
Ocean Power Technologies (OPT) has signed a memorandum of understanding (MoU) with Brazil's National Industrial Training Service (SENAI) for research and development of autonomous ocean technologies.
Petrobras enters South Africa crude market as it seeks to diversify further afield
Petrobras has announced a significant expansion of its international operations with the purchase of a 10% stake in a oil field in South Africa.
São Paulo set for biomethane surge, 6.4mn cubic metres daily
A recent study indicates that biomethane production in São Paulo could reach 6.4mn cubic metres per day, equating to 2.3bn cubic metres annually.
Guyana to shelve heavy fuel oil plants in 2025 as Gas-to-Energy project gains steam
Guyana's government plans to place its heavy fuel oil (HFO) power plants in reserve by 2025, contingent on the successful launch of a 300MW natural gas power plant.
Guyanese oil output spikes in August following temporary shutdowns
Guyana's crude oil production rebounded significantly in August, reaching over 600,000 barrels per day following shutdowns in July at the Liza field, government data showed
Petrobras board greenlights South African ventures
Petrobras' board of directors has unanimously approved the company’s entry into oil exploration assets in South Africa, sources confirmed.
Venezuelan VP addresses sanctions and energy cooperation with Russia at Energy Week
Venezuelan Vice President Delcy Rodríguez has voiced strong concerns over the impact of sanctions on global oil production, declaring that 26% of such production is sanctioned
Two dead, four missing after oil barge sinks in Lake Maracaibo
At least two people have died and four others are missing after an oil barge sank in Lake Maracaibo, according to state-owned oil company Petróleos de Venezuela (PDVSA).
US weighs new sanctions on Venezuela amid election dispute, oil sector in focus
The United States is contemplating a range of new measures to address what it perceives as a fraudulent election outcome.
Venezuela oil reserves "geostrategic objective" for US, says vice president
Venezuelan Vice President Delcy Rodriguez said on September 26 that the US Defence Department views Venezuela's oil and energy reserves as a "geostrategic objective", accusing Washington of "piracy" against the country's oil industry.
Exxon board member takes helm of Elliott-backed firm in $7.3bn Citgo bid
Gregory Goff, a board director at Exxon Mobil, has taken on the role of CEO at Amber Energy, a newly formed company backed by Elliott Investment Management.
Colombia plans $40bn energy transition to replace oil revenues
Colombia is preparing to launch an extensive $40bn investment initiative to transform its energy sector and reduce reliance on fossil fuel exports.
ConocoPhillips wins Trinidad court order to seize PDVSA payments
ConocoPhillips has secured approval from a Trinidad court to seize payments intended for Venezuela's state oil company, PDVSA, related to a proposed offshore gas project between Trinidad and Venezuela.
PXGEO 2 vessel to conduct deepwater surveys offshore Trinidad and Tobago
The PXGEO 2 seismic vessel is set to conduct major surveys in Trinidad and Tobago’s waters. The Energy Chamber announced that these surveys are part of three key projects initiated by the government of Trinidad and Tobago.
Vaca Muerta hits production record in August
Argentina's hydrocarbon production reached a record high in August 2024, with an average of 719,283 barrels per day, according to the National Energy Secretariat.
Guyanese government announces deadline for Phase 2 of gas-to-energy project
Guyana's Gas-to-Energy project is set to expand rapidly, with Vice President Bharrat Jagdeo announcing that Phase 2 could be completed within two years.
TotalEnergies to upscale capacity of Suriname's inaugural FPSO
TotalEnergies announced an upgrade to the production capacity of its upcoming floating, production, storage and offloading vessel for Suriname's first offshore development.
Petrobras inks MoU with Argentina's YPF, mulls collaboration with Exxon in Africa
Petrobras has reportedly signed an MoU with Argentina's YPF to explore joint ventures in the exploration and production (E&P) sector while mulling collaborations with other oil majors in Africa.
Brazil’s oil producer Prio in talks for Peregrino field stake
Brazilian oil company Prio has confirmed discussions with Chinese firm Sinochem regarding the potential acquisition of a stake in the Peregrino oil field.
LatAmOil: Petrobras awards subsea contract ahead of focus shift to upstream operations
Elliott Investment’s Amber Energy set to buy Citgo with $7.3bn winning bid
Amber Energy, an affiliate of activist investor Elliott Investment Management, has been named the presumptive winner in the auction for Citgo's Venezuela-owned parent company, PDV Holding, with a bid of $7.29bn.
Pemex falls short of fuel production goals
As President Andrés Manuel López Obrador's administration approaches its conclusion, the likelihood of achieving his final fuel production targets appears increasingly bleak.
Venezuela accuses US of targeting oil reserves, highlights energy alliance with Russia
Venezuelan Vice President Delcy Rodriguez, speaking at a key energy forum in Russia, accused the US of targeting Venezuela’s vast oil reserves as part of a strategic agenda.
TotalEnergies open to global partnerships with Petrobras, says CEO
TotalEnergies’ CEO Patrick Pouyanne has expressed interest in collaborating with Brazil’s national oil company Petrobras on projects beyond Brazilian borders as the French energy major expands its presence in Latin America's largest economy
Shell beats BP and EOG to Trinidad and Tobago shallow-water block
Trinidad and Tobago selected Shell as the preferred bidder for a key shallow-water block, outcompeting BP and EOG Resources, according to three sources familiar with the matter.
Pemex debt challenge looms as Sheinbaum prepares to take over Mexican presidency
Claudia Sheinbaum is due to take over Mexico’s presidency in October, inheriting the challenge of addressing state-owned Pemex’s debt pile.
Venezuela's PDVSA seeks delay in $20bn Citgo auction amid political turmoil, legal complications
Venezuela and PDVSA have requested a four-month delay in the sale of Citgo, their US refining subsidiary, amid escalating political tensions and legal complications surrounding the sale.
Petrobras awards subsea contract ahead of focus shift to upstream operations
TechnipFMC has secured two significant subsea contracts from Brazil’s national oil company (NOC) Petrobras for offshore pre-salt fields, which comes ahead of a pivot by Petrobras towards a greater focus on oil and gas production.
OPEC chief lauds Brazil's energy transition leadership, but protester interrupts speech at energy event
Haithmam Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), has commended Brazil for spearheading the global energy transition.
Prysmian's subsea innovation cuts costs for Brazil FPSO project
Prysmian, an Italian cable systems company, has provided a solution for a tie-back project in Brazil’s pre-salt layer, aiming to connect oil fields 30 kilometres from a floating production, storage and offloading (FPSO) unit.
Maersk Supply Service picks MDL for Mero field project off Brazilian coast
Maersk Supply Service has contracted Scottish flex-lay specialist Maritime Developments (MDL) for a solution-development scope in the Mero block within the Santos Basin, off Brazil's shoreline.
Petrobras awards $1bn contracts to Constellation for drilling vessels
Offshore excavation specialist Constellation has secured two fresh agreements with Brazil’s national oil company (NOC) Petrobras valued at $1bn for the deployment of oceanic drilling vessels.
Follow us online