Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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Fugro wins remote subsea survey contract from Petrobras
Dutch geo-data specialist Fugro secured a 175-day contract extension from Brazil's national oil company (NOC) Petrobras to conduct fully remote subsea inspection surveys of shallow-water infrastructure
Brazil’s PetroReconcavo to buy gas assets for $65mn
Brazilian oil producer PetroReconcavo agreed to acquire a 50% stake in Brava Energia's natural gas infrastructure in the Potiguar Basin for $65mn, expanding its footprint in Brazil's northeastern gas market
Brazil’s ATP, Canada’s Petro-Victory mull purchase of 13 mature onshore fields
Canadian-listed Petro-Victory Energy and Brazil's Azevedo e Travassos Petroleo (ATP) have signed an exclusivity agreement to negotiate buying 13 oil-producing fields from Brava Energia.
Seadrill wins $493mn Petrobras contract for drillship
Seadrill secured a three-year contract from Brazil's national oil company (NOC) Petrobras for its ultra-deepwater drillship West Jupiter, worth $493mn
Guyana's $60mn fuel facility awaits EPA nod amid energy sector growth
A groundbreaking $60mn fuel blending facility in Guyana, the first of its kind in the country, is awaiting environmental approval from the Environmental Protection Agency.
Argentina's Petrolera Aconcagua Energia weighs up international bond issuance
Oil producer Petrolera Aconcagua Energia SA is exploring an international bond issuance, seeking to capitalise on the new opportunities created by President Javier Milei's market-friendly reforms in Argentina's energy sector.
Shell and YPF to announce joint LNG project in Argentina
YPF and Shell are set to announce a landmark memorandum of understanding for the development of Liquefied Natural Gas from Argentina's Vaca Muerta formation.
Argentina extends YPF's oil transportation concession by 10 years
Argentina's government has extended YPF SA's oil transportation concession for ten years through Decree 1106/2024, signed by President Javier Milei.
ExxonMobil Guyana marks fifth anniversary of oil production, turning Guyana into global oil giant
ExxonMobil Guyana has marked its fifth anniversary of oil production, celebrating a milestone that has transformed the South American nation into the world's third-largest per-capita oil producer since operations began in 2018.
Panama records sharp November drop in ship fuel sales
Panama's marine “bunker” fuel sales fell sharply in November after hitting their highest level since 2019 the previous month, official data shows.
Lula reshuffles regulators, ANP gets new directors
Petrobras has announced that its board chairman, Pietro Mendes, has been nominated by the President Luiz Inácio Lula da Silva for a directorship at the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).
Petro-Victory eyes onshore oil assets in Brazil
Petro-Victory Energy Corp. has signed an exclusivity agreement with Brava Energia SA to negotiate the acquisition of 13 oil-producing fields in Brazil's Potiguar Basin.
Venezuela renames oil ministry to drive hydrocarbons growth
Venezuelan Vice President and Petroleum Minister Delcy Rodríguez announced a significant rebranding of her ministry, which will now be known as the Ministry of Popular Power for Hydrocarbons.
Trump's return could threaten Venezuela oil sanctions thaw
US President-elect Donald Trump's return to the White House is set to reshape Washington's approach to Venezuelan oil policy, as analysts debate whether his administration will revive the "maximum pressure" campaign that marked his first term.
Brazil’s Petrobras awards contracts
Brazil's Petrobras has awarded a slew of significant contracts as the year closes.
Argentine asset manager sentenced in Venezuelan corruption case tied to Maduro’s family
Fernando Vuteff, an Argentine financier, was sentenced to two and a half years in a US prison for his role in laundering funds embezzled from Venezuela’s state oil company, PDVSA
US judge orders reopening of Citgo auction data room to allow for fresh bids
A US judge overseeing the auction of Citgo shares has agreed to reopen the virtual data room to allow potential buyers to prepare new bids, following pressure from creditors
Brazil's Petrobras taps drillship for key offshore fields
Ventura Offshore Midco has secured a 910-day contract with Petrobras for the deployment of its DS Carolina ultra-deepwater drillship at the Sepia and Atapu fields in the Santos Basin, offshore Brazil.
Fugro secures remote survey work with Brazil's Petrobras
Petrobras has extended Fugro's inspection, repair, and maintenance services contract by 175 days to include fully remote subsea inspection surveys of shallow-water infrastructure in Brazil.
Bermudan Seadrill strikes major Brazil contract
Seadrill’s ultra-deepwater drillship, West Tellus, has been awarded a 1,095-day contract by Petrobras for operations in the Sépia and Atapu fields in Brazil's Santos Basin.
Calgary-based Parex strengthens portfolio with strategic acquisitions in Colombia
Parex Resources Inc., a Calgary-based oil and gas firm with significant operations in Colombia, has struck agreements with Ecopetrol S.A. to secure a 50% working interest in four blocks within the Putumayo Basin and the Farallones Block
ExxonMobil seeks rapid oil expansion in Guyana by 2030, targets Longtail
ExxonMobil is looking to ramp up its expansion plans for its Guyana operations, targeting a production capacity of 1.7mn barrels per day of oil by 2030.
Petrobras pushes for Brazil gas market commitment
Petrobras President Magda Chambriard has reaffirmed the state-owned company's efforts to increase Brazil’s gas supply, but she stressed that market demand is essential for advancing projects.
Trump's return could spell more trouble for Venezuelan oil
US president-elect Donald Trump's return to the White House is set to reshape Washington's approach to Venezuelan oil policy, as analysts debate whether his administration will revive the "maximum pressure" campaign that marked his first term.
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