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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Prates says Petrobras will keep investment levels steady in 2024-2028
Brazil’s national oil company Petrobras is likely to keep overall investment levels steady in its next five-year business plan, which covers the 2024-2028 period.
Pemex establishes new main data centre in bid to improve cybersecurity posture
Mexico’s national oil company Pemex has established a new main data centre in Mexico City, in a bid to improve its cybersecurity stance in the face of mounting cyber threats.
PdVSA’s suspension of Maroil contract disrupting Venezuelan petcoke trade
The suspension of the contract between Venezuela’s national oil company PdVSA and Geneva-based Maroil Trading has led to significant disruptions in the petroleum coke trade.
CNH appears increasingly reluctant to fine Pemex for environmental, procedural violations
Mexico's CNH has waived at least three fines that it had previously decided to impose on the national oil company Pemex.
Fire at Nohoch-A seen bringing Pemex’s production down by 100,000 bpd until early August
Pemex will see oil production levels drop by around 100,000 bpd up until the end of July because of the fire that broke out at an offshore platform on July 7.
Vista Energy reports positive results from two fracked test wells at Águila Mora block
Argentina’s Vista Energy has reported positive results for the AM-1011h and AM-1012h test wells at the Águila Mora block in Neuquén Province.
Australia’s Woodside Energy returns TTDAA-5 offshore block to Trinidad and Tobago
Australia’s Woodside Energy has decided to return the deepwater TTDAA Block 5 block to the government of Trinidad and Tobago.
Argentina launches first phase of President Nestor Kirchner Gas Pipeline
Argentina launched the first phase of the President Néstor Kirchner Gas Pipeline (GPNK) at a ceremony held on July 9.
Brazil’s oil and gas production rises slightly in May
Brazil’s hydrocarbon production climbed slightly in May 2023, reaching 4.11mn boepd.
PdVSA stops supplying free diesel to businesses
Venezuela will start charging a price of $0.32 per litre for diesel delivered to businesses, bringing an end to a three-year period when the country delivered it free.
PdVSA cancels contract with Maroil Trading, Venezuela’s largest petcoke exporter
Venezuela’s national oil company PdVSA has cancelled its contract with Geneva-based Maroil Trading.
US official hails Guyana’s move to develop fossil fuels while maximising environmental protection
US Secretary of State Anthony Blinken says Guyana has set an example for other countries by developing fossil fuels in a responsible manner while also prioritising environmental protection.
Cheniere avoiding Panama Canal for LNG amid delays
Cheniere Energy is avoiding the Panama Canal to transport LNG from the US Gulf of Mexico to Asia, the LNG exporter’s chief operating officer, Corey Grindal, has told reporters in Vancouver, Canada.
Argentina reportedly considering halting Bolivian gas imports in 2024
Argentina’s Ambassador to Bolivia Ariel Basteiro said on July 5 that his country might cease buying natural gas from Bolivia’s YPFB starting in 2024.
Guyana’s EPA approves ExxonMobil’s 35-well exploration and appraisal drilling campaign at Stabroek
Guyana has given ExxonMobil and its partners in the Stabroek offshore block a green light to drill 35 new offshore exploration and appraisal wells.
Suriname, Trinidad and Tobago sign MoU that may enable subsea gas shipments
Suriname has signed an MoU with Trinidad and Tobago that may lay a foundation for the former country to transport gas to the latter.
Two Pemex workers killed in fire at Cantarell oilfield
Mexico’s national oil company Pemex has confirmed that a fire broke out at a platform within the Nohoch Processing Centre at the Cantarell offshore field on July 7.
Rosneft takes another step away from Venezuela
Russia's Rosneft has given up its control over 49.9% of stock in Citgo but still appears interested in Venezuela.
Pemex pushes HSFO exports up to record high in January-May
Mexico’s Pemex saw exports of high-sulphur fuel oil (HSFO) reach a record high of 218,748 bpd in the first five months of 2023.
Russian firm seeks control of Venezuelan joint ventures’ crude and fuel oil exports
Roszarubezhneft, a state-owned Russian oil firm, is seeking permission to assume control of the crude and fuel oil exports carried out by its five JVs with Venezuela’s PdVSA.
Colombia’s ANH seeks to revitalise at least 21 suspended oil and gas projects
Colombia’s government intends to help investors resurrect at least 21 suspended oil and gas contracts within the framework of a programme designed to improve security and community relations.
Olmeca refinery project hit by additional delays
Pemex's Olmeca refinery is now to begin operating toward the end of 2023, not on July 1 as planned.
Brazilian gas producers, consumers square off with pipeline operators over tariff calculation rules
Producers and consumers of natural gas in Brazil are pushing for updates to the rules governing the calculation of pipeline transportation assets and capacity usage tariffs.
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