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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Brazilian driller Foresea secures $70mn contract enhancement for rig upgrade
Brazilian drilling contractor Foresea has secured a $70mn amendment to its contract with national oil company (NOC) Petrobras to upgrade the drillship Norbe VIII and enable shallow-water operations
Malaysia’s Yinson to integrate carbon management at Brazilian FPSO
Malaysia's Yinson Production, a subsidiary of Yinson Holdings, announced the incorporation of a carbon management process plant on its third floating production, storage, and offloading (FPSO) unit operating in Brazilian waters.
Brazil’s BNDES approves $163mn loan for Raízen's advanced ethanol plant
Brazil’s National Development Bank (BNDES) has approved a BRL1bn ($163mn) loan for Raízen to construct a second-generation ethanol (E2G) plant in Andradina, São Paulo.
Mexico's 700km gas pipeline completed ahead of schedule
Allseas has completed its 700-kilometre Southeast Gateway natural gas pipeline project off the coast of Mexico ahead of schedule.
Challenger Energy set for major moves in Uruguay and beyond in 2025
Challenger Energy is positioning itself for a busy 2025 with key decisions expected on its offshore assets in Uruguay, Trinidad and The Bahamas.
Guyanese crude exports jump 54% in 2023
Guyana's crude oil exports surged 54% in 2023 to approximately 582,000 barrels per day (bpd), driven primarily by European refiners seeking light sweet crude alternatives to Middle Eastern grades.
Canada’s oil producer Petro-Victory signs deal with Brazilian fund for LatAm expansion
Calgary-based Petro-Victory Energy has formed a partnership with Brazilian investment firm Blue Oak to acquire oil and gas assets across Latin America.
Shearwater begins new phase of Brazil's Pelotas Basin seismic survey
Shearwater Geoservices has commenced the second season of its 3D seismic survey in Brazil's Pelotas Basin, partnering with Searcher Seismic.
Brazil's oil firm Seacrest launches arbitration against Petrobras over pipeline repairs
Brazilian crude oil producer Seacrest Petroleo has initiated arbitration proceedings against the national oil company (NOC) Petrobras over alleged failures to repair subsea pipelines, seeking damages of $71.2mn.
Mexico's oil crisis worsens as Pemex faces declining production and revenues
Mexico’s state-owned oil company Pemex is grappling with a significant downturn in production and financial difficulties, raising concerns over the nation’s energy stability.
Trump team remains divided over Venezuela policy
The incoming Donald Trump administration in the US has sent conflicting signals about its approach to Venezuela.
Fuel price gap puts heat on Petrobras
Petrobras begins 2025 under scrutiny as a widening pricing gap between domestic and international markets for diesel and gasoline sparks calls for adjustments.
Hess boss says he is confident of winning ExxonMobil case concerning Chevron merger
Hess Corp. CEO John Hess strongly defended his company's position in the ongoing arbitration with ExxonMobil over rights to a crucial Guyanese oil project central to Chevron Corp.'s planned $53bn acquisition of Hess.
ExxonMobil to drill 30 developmental wells offshore Guyana in 2025
ExxonMobil Guyana will drill 30 development wells this year to support its major offshore projects, Yellowtail, Uaru, and Whiptail, according to Country Manager Alistair Routledge.
Venezuela outlines 2025 energy strategy following ministry restructuring
Venezuela’s Minister for Hydrocarbons, Delcy Rodríguez, convened a high-level meeting with the board of directors of state-owned oil giant Petróleos de Venezuela (PDVSA) to outline the country’s energy production strategy for 2025.
Pemex struggles with declining oil production and rising debt
Pemex, Mexico's state-owned oil company, is experiencing its most profound crisis in decades, marked by a sharp decline in oil production and a staggering debt crisis.
ExxonMobil hails safety performance offshore Guyana in 2024
ExxonMobil Guyana has reported strong safety performance in 2024, with President Alistair Routledge highlighting this achievement as a foundation for future operations.
Guyana's Hammerhead development exhibits high resevoir quality, ExxonMobil confirms
ExxonMobil's Hammerhead development, the seventh project in Guyana's prolific Stabroek Block, has revealed reservoir quality comparable to or surpassing the company's flagship Liza field, according to senior management.
Argentina's VMOS awards Spainish firm Técnicas Reunidas contract for Vaca Muerta project
YPF's subsidiary VMOS SA has awarded Spanish firm Técnicas Reunidas a $440mn contract for engineering and management services at its Vaca Muerta project, a significant opportunity for growth at Argentina's largest shale formation.
Colombia's Arrow Exploration confirms initial success at Alberta Llanos field
Arrow Exploration, a high-growth operator with assets in Colombia’s key hydrocarbon basins, has announced results from its first exploration well, AB-1, at the Alberta Llanos field within the Tapir Block.
Venezuela outlines 2025 energy strategy following ministry restructuring
Venezuela’s Minister for Hydrocarbons, Delcy Rodríguez, convened a high-level meeting with the board of directors of state-owned oil giant Petróleos de Venezuela (PDVSA) to outline the country’s energy production strategy for 2025
Argentina's YPF negotiates with Indian buyers for LNG exports
Argentina's national oil company YPF is advancing its LNG export ambitions through ongoing negotiations with potential Indian buyers as the company moves forward with its multibillion-dollar LNG project in Río Negro Province.
Russia to grant Cuba $60mn fuel credit amid energy crisis
Russia will provide Cuba with a $60mn credit line for fuel purchases and an additional $2mn in aid for power infrastructure, as the Caribbean country grapples with a severe energy crisis, Cuba's ambassador to Russia said on January 5.
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