Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Sulzer Chemtech demands Pemex settle MXN528mn in overdue invoices
Swiss engineering firm Sulzer Chemtech has demanded Pemex settle more than MXN528mn in overdue payments for work carried out across the National Refining System, according to Proceso and reported by Mexico Business News.
Eni and YPF sign deal, move closer to FID on Argentina LNG project
Italian energy giant Eni and Argentina’s state-run firm YPF inked a preliminary agreement to take a positive final investment decision on the Argentina LNG project.
Colombia orders gas supply priority to power plants to avert blackouts
Colombia's mines and energy ministry issued Circular 40030 requiring six producers to prioritise natural gas deliveries to Caribbean thermal generators from October 10 through October 14
China vows action after US sanctions on Iran oil shipping networks
China vows to take appropriate measures to ensure energy security and protect companies after US Treasury sanctions more than 50 individuals, entities and vessels over Iranian oil and LPG shipments.
Brazil’s Petrobras spends $34mn keeping drillship idle
Petrobras has incurred BRL180mn ($33.7mn) in costs to maintain a drillship on standby in the Foz do Amazonas basin, while awaiting regulatory approval for a drilling request.
Brazil sets $1.9bn minimum for pre-salt oil auction
Brazil will seek at least BRL10.2bn ($1.91bn) in an upcoming auction of minority stakes in three pre-salt oil fields, state-run company Pré-Sal Petróleo (PPSA) said.
Colombia, Peru and Mexico launch joint LPG initiative
Three Latin American trade bodies have set up a regional partnership to advance liquefied petroleum gas as part of their cleaner energy strategies.
Political and fuel crises push Bolivia into lonely Latin American recession
Bolivia faces one of its most severe economic crises in decades, with the World Bank projecting a three-year recession stretching until 2027.
Mexico caps fuel permits at 20 years, ends renewals under new rules
Mexico's government issued new rules limiting fuel market permit duration and eliminating renewals, tightening energy sector oversight, Argus Media reported.
Chalchi FSO construction starts for Mexico's deepwater Trion project
SBM Offshore cut first steel for the Chalchi floating storage and offloading unit at COSCO Shipyard in China, marking construction commencement for infrastructure serving Mexico's Trion deepwater oil field, Mexico Business News reported.
Repsol deepens US ties to revive frozen operations in Venezuela
Spanish energy giant Repsol is stepping up its efforts to restore operations in Venezuela, recalibrating its strategy to align more closely with the priorities of the administration of President Donald Trump.
Colombia's exports of oil and petroleum products plummeted in August
Colombia’s petroleum product exports fell 25.8% compared with a year earlier, with crude oil volumes reaching 11.2mn barrels representing a 24.4% year-on-year decrease.
Colombia's Ecopetrol advances second LNG import terminal amidst gas crisis
State-controlled Ecopetrol SA is finalising plans to convert portions of its Caribbean coast port into an LNG import facility as Colombia confronts a widening fuel deficit.
Argentina expands support in YPF lawsuit
The Argentinian treasury attorney's office has secured support from a dozen countries and international organisations in its appeal against a US court ruling this summer that could force the country to surrender its stake in state-owned YPF.
US supreme court to hear ExxonMobil Cuba asset seizure case
The US Supreme Court agreed on October 3 to hear ExxonMobil's lawsuit seeking compensation from Cuban state-owned entities for petroleum assets nationalised in 1960, valued at over $700mn currently
Paraguay pushes plan to build bi-oceanic gas pipeline across South America
Paraguay has revived its ambition to turn the Chaco into a continental energy hub, unveiling detailed plans for a bi-oceanic gas pipeline that would connect Argentina’s Vaca Muerta shale reserves with Brazil’s industrial heartland.
Colombia's Ecopetrol to import LNG from the Caribbean
Colombia's national oil company Ecopetrol has announced plans to develop a regasification project at its Coveñas maritime terminal in Sucre, aiming to address the country's growing natural gas shortage through liquefied natural gas imports.
Ecuador fuel subsidy protests intensify, leaders threaten to take control of capital city
Ecuador entered its third week of protests against President Daniel Noboa as tensions escalated over rising diesel prices, with indigenous leaders threatening to take control of the capital while the government responded with emergency measures.
Argentine drilling and fracking set to decline, stunt oil growth
Drilling and fracking activity in Argentina's Vaca Muerta shale formation is declining as falling oil prices and rising operating costs squeeze profitability, jeopardising the sector's growth prospects.
Norway’s DOF purchases work-class ROV from Forum for Brazil subsea operations
Norwegian vessel operator DOF Group has ordered a work-class remotely operated vehicle (ROV) and accompanying tether management system from UK-based Forum Energy Technologies for deployment in Brazilian waters.
Brazil’s Petrobras awards $3.2bn in refinery and vessel contracts
Petrobras finalised BRL19.8bn ($3.2bn) in contracts covering refinery modernisation and offshore support vessels.
Argentina secures support from a dozen countries and organisations in YPF lawsuit
Argentina's Treasury Attorney's Office has secured support from a dozen countries and international organisations in its appeal against a US court ruling that could force the country to surrender its 51% stake in state oil company YPF.
Brazil's Petrobras completes first gas import from Argentina's Vaca Muerta
Petrobras completed on October 3 its first unconventional natural gas import from Argentina's Vaca Muerta formation.
Suriname's president announces national local content programme for oil and gas sector
Newly elected Surinamese President Jennifer Geerlings-Simons has announced plans to launch a National Local Content Programme in 2026, aimed at ensuring Surinamese citizens benefit directly from the country's emerging oil and gas sector.
        
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