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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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).
Citgo teeters amid Venezuela crisis and $20bn creditor claims
The future of Citgo, once a crown jewel in Venezuela's overseas oil empire, hangs in the balance as the company grapples with mounting losses and legal challenges.
Guyanese oil revenue from first half of 2024 significantly boosted
Guyana's Natural Resource Fund (NRF) accumulated GYD 288.35bn ($1.38bn) from oil sales and royalties during the first half of 2024, the Guyanese government confirmed, equating to approximately GYD 1.58bn ($7.6mn) daily.
Petrobras’ interim dividend set at $2.65bn, analysts forecast $6bn in extraordinary dividend
Petrobras’ board has approved interim dividends and interest on equity totalling BRL13.57bn ($2.65bn), which is equivalent to R$1.05 per outstanding share.
Suriname posed for the inaugural standalone gas project following the Block 52 discovery
Following discoveries made by Petronas in Block 52, situated off the coast of Suriname, the country appears to be poised to undergo its inaugural standalone gas project.
Pemex expands refining capacity amid operational challenges
As President López Obrador's administration approaches its end, PEMEX has significantly increased its refining capacity and now processes 1.7mn barrels per day.
Petrobras awards SLB OneSubsea contract for Roncador field
Brazil’s national oil company (NOC) Petrobras has awarded SLB OneSubsea a contract to supply subsea equipment for the Roncador field in the Campos Basin.
Interoil terminates exploration contracts with ANH in Colombia
Interoil Exploration and Production has announced the termination of its exploration contracts with the Colombian National Hydrocarbons Agency (ANH) for two key blocks due to persistent community resistance against exploration activities.
Pemex reduces debt to suppliers amid ongoing financial challenges
PEMEX has made strides in managing its financial obligations, successfully reducing its outstanding debt to suppliers and contractors by 5.63%, totalling MXN 126.357bn as of July 2024.
Amigo LNG signs 20-year supply deal with Malaysia’s E&H Energy
Amigo LNG, a subsidiary of LNG Alliance, Singapore, has reached a deal with E&H Energy of Malaysia to supply the firm with 3.6mn tonnes per year of LNG over a 20-year period.
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