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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Argentine natural gas infrastructure boosted by Northern Natural Gas Pipeline
Argentina marked a significant milestone in its energy sector with the inauguration of the Northern Natural Gas Pipeline, a $710mn project that will transport natural gas from the Vaca Muerta shale formation in Neuquen province.
Pan American Energy weighs investment in sustainable aviation fuel production in Argentina
Brazil’s oil regulator mulls adding deep-water blocks to permanent concession offer
Brazil's oil and gas regulator the National Petroleum Agency (ANP) has approved the study of 25 new exploratory blocks for potential inclusion in the Permanent Concession Offer (OPC).
Petrobras Q3 profits expected to rise despite lower oil prices
Petrobras is expected to report higher third-quarter net profit and revenue despite weaker oil prices and production volumes.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Turkish national arrested in Miami over Venezuelan oil sanctions-evasion plot
US authorities have arrested a Turkish businessman in Miami for allegedly orchestrating a complex scheme to evade sanctions on Venezuela's state-owned oil company PDVSA, the Justice Department said on November 4.
Mexico’s energy independence push falls short as Pemex production lags
Mexico's outgoing administration under former President Andrés Manuel López Obrador leaves behind an unfinished ambition of fuel self-sufficiency, with stark gaps between its targets and the actual output of state-owned oil giant PEMEX.
Venezuela’s oil exports surge to four-year high as production and US, India sales climb
Venezuela’s oil exports reached a four-year peak in October, nearing 950,000 barrels per day (bpd) thanks to increased crude production and higher sales to India and the United States, according to shipping data and reports from state firm PDVSA.
Venezuelan deputy considers new hydrocarbons code to boost private investment in oil sector
Petrobras invests in Campos Basin amid Foz do Amazonas licence delay
The Campos Basin, once Brazil’s top oil-producing region, marks 50 years since discovery and is set to play a key role in Petrobras' growth plans, said Magda Chambriard, president of the state-owned oil company.
Sheinbaum revamps Mexico’s energy sector amid soaring violence and judiciary reforms
Mexico's new president, Claudia Sheinbaum, has swiftly enacted significant reforms that declare that Pemex and the Federal Electricity Commission (CFE) are state-owned entities once more, following legislative approval.
Guyanese vice president reveals that government moving to close tax loophole exploited by oil companies
Guyana's government is moving to close a significant tax loophole being exploited by companies in the oil sector, Vice President Dr Bharrat Jagdeo announced.
SBM Offshore introduces new FPSO for Brazilian exploration
SBM Offshore announced the integration of the FPSO Almirante Tamandaré into its fleet, marking a significant milestone in Brazil's offshore energy sector.
ExxonMobil Guyana reports surge in crude oil production, hitting peak since 2011
ExxonMobil reported a 60% y/y surge in crude oil production offshore Guyana during the third quarter, contributing to its highest overall production rate since 2011 at 4.6mn oil-equivalent barrels per day.
Developmental drilling underway at Guyana's Whiptail development
Guyana's oil sector continues to expand as the Noble Don Taylor drillship undertakes development drilling at the Whiptail well site in the prolific Stabroek Block.
BP signs global agreement with Subsea Integration Alliance
Energy major BP has established a global frame agreement with Subsea Integration Alliance, a partnership between SLB's OneSubsea and Subsea7, to enhance collaboration on future subsea projects
ExxonMobil sells majority of Vaca Muerta shale assets to Pluspetrol
ExxonMobil has reached an agreement to sell the majority of its Vaca Muerta shale assets to Pluspetrol SA, according to sources familiar with the negotiations.
OPEC output rises despite Iraqi cuts as unwinding is pushed back
has pushed back its planned easing of output cuts to the end of the year, just as production has risen despite Iraq’s compensatory efforts
SBM Offshore's FPSO starts production at Brazil's Mero Field
Shell Brasil has announced the start of production at the floating, production, storage and offloading (FPSO) vessel Marechal Duque de Caxias (Mero-3) in Brazil's pre-salt Santos Basin
Transition Industries secures pact with Mitsubishi Gas for ultra-low carbon methanol supply
Transition Industries has signed a letter of intent (LoI) with Mitsubishi Gas Chemical Company (MGC) for a long-term supply agreement aimed at delivering 1mn tpy of ultra-low carbon methanol from its upcoming Pacífico-Mexinol facility in Sinaloa.
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
Suriname oil boom expected as Block 58 project set to begin
Suriname's oil sector is poised for significant growth, with the Block 58 project expected to yield approximately 700mn barrels of recoverable resources from the Sapakara South and Krabdagu fields.
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