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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Pemex reinvention adopts austerity under Sheinbaum's state-led approach
Mexico's state oil company Pemex is reinforcing its public sector role under President Claudia Sheinbaum's administration as she dismantles the 2013 energy reform and prioritises state control of the energy sector
ExxonMobil Guyana to raise oil output to more than 2.2mn barrels per day
ExxonMobil's Guyana operations are poised to reach a production capacity of nearly 2.2mn barrels of oil equivalent per day by 2030, representing one of the most rapid petroleum development stories in recent history.
Sheinbaum revamps Pemex to tighten state control, Slim negotiates
In a significant shift for Mexico's energy sector, Petróleos Mexicanos (Pemex) has begun a comprehensive restructuring process following President Claudia Sheinbaum's signing of new energy legislation.
Fitch revises outlook for Colombian energy firms
Fitch Ratings has revised the outlook for several Colombian energy companies from stable to negative, following a recent adjustment to Colombia's sovereign rating.
PDVSA prepares contingency plan as Chevron licence nears expiry
Venezuela’s state-run oil company PDVSA has drafted multiple operational strategies to sustain crude output and exports at its largest project with Chevron once the US firm’s licence expires next month
UK STRYDE seismic technology enters Latin American market with EGS acquisition
STRYDE, a leader in onshore nodal seismic technology, has achieved a significant milestone by securing its inaugural sale of the Mini Seismic System in Latin America to Colombia's Energy Geophysical Services SAS (EGS).
Chevron’s exit deals blow to Venezuela’s oil sector and economy
The company faces an abrupt departure after the US Treasury revoked its special licence, a move analysts say could significantly impact Venezuela’s already fragile economy.
Sheinbaum restructures Pemex to tighten state control
In a significant shift for Mexico's energy sector, Petróleos Mexicanos (Pemex) has begun a comprehensive restructuring process following President Claudia Sheinbaum's signing of new energy legislation.
Petrobras signs contracts to tackle pre-salt pipe corrosion issue
Brazil’s national oil company Petrobras has contracted subsea engineering firms Baker Hughes and NOV Flexibles to fix problems related to corrosion.
Petroecuador declares pipeline emergency following rupture
Petroecuador has declared a 60-day emergency for its Trans-Ecuadorian Pipeline System (SOTE) following a pipeline rupture triggered by a landslide amid heavy rains.
Petrobras finds hydrocarbons in exploratory well at Brazil's Aram pre-salt block
Petrobras has identified hydrocarbons while drilling an exploratory well in the pre-salt Santos Basin, marking its latest discovery in the prolific offshore region.
Mexican president to issue energy reform laws
Venezuelans criticise Chevron exit, warn of mafia takeover in oil sector
Henrique Capriles, the former governor of Miranda state, criticised the recent revocation of Chevron's operating licence in Venezuela, describing the move as "bad news" for the nation’s already fragile economy.
Venezuela’s oil production dips amid sanctions and Chevron exit
Venezuela's oil production declined by 6,000 barrels per day (bpd) in February, according to government data published by the Organisation of the Petroleum Exporting Countries (OPEC)
ExxonMobil Guyana to raise oil output to more than 2.2mn barrels per day
ExxonMobil's Guyana operations are poised to reach a production capacity of nearly 2.2mn barrels of oil equivalent per day (bpd) by 2030, representing one of the most rapid petroleum development stories in recent history.
Guyana seeks partnership with Suriname to develop gas-powered industrial hub
Guyana's President Irfaan Ali is seeking a partnership with Suriname to develop a gas-powered industrial hub on South America's north coast, aiming to diversify an economy heavily dependent on oil revenues.
Ecuadorian wildlife refuge contaminated by oil spill
Ecuador's Manglares Estuario Río Esmeraldas wildlife refuge has been contaminated by an oil spill that occurred in Esmeraldas province, according to a report from the Ministry of Environment, Water and Ecological Transition.
Petronas mulling Argentine Vaca Muerta withdrawal
Petronas may be exiting Argentina's Vaca Muerta shale play, with the Malaysian national oil company launching a process to sell its 50% stake in the La Amarga Chica joint venture with YPF.
Colombia's offshore gas ambitions: Petrobras and Ecopetrol's strategic venture
Colombia is poised to significantly bolster its natural gas reserves through a collaborative offshore project between Brazil's Petrobras and Colombia's Ecopetrol.
UK STRYDE's mini seismic system enters Latin American market: Colombia key role
STRYDE, a leader in onshore nodal seismic technology, has announced the sale of its Mini Seismic System to Colombia's Energy Geophysical Services SAS (EGS), marking its first entry into the Latin American market.
YPF to join stimulus programme to boost funding for Vaca Muerta pipeline
Argentina has granted national oil company YPF access to a key government stimulus program to support the development of a major pipeline project from the Vaca Muerta shale formation to a port in Rio Negro Province.
Guyana threatens action against residents who support Venezuelan Essequibo election
Venezuela's plans to elect a governor for the disputed Essequibo region have sparked a stern warning from Guyana, with the government threatening treason charges against any residents who support the Venezuelan electoral process.
Guyana revokes Frontera-CGX oil prospecting licence
Guyana has officially revoked the oil prospecting licence for the Corentyne block from the Frontera-CGX joint venture.
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