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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Venezuela’s oil future hinges on Trump’s decision on Chevron
UK’s Amplus buys FPSO Petrojarl I after Brazil deployment
Floating production specialist Amplus Energy Services has acquired the Petrojarl I floating production storage and offloading (FPSO) vessel from Altera Infrastructure, marking its entry into vessel ownership.
Brazil’s Petrobras starts new Buzios production as field expansion continues
Brazil's national oil company (NOC) Petrobras has begun production at its Almirante Tamandare vessel in the Buzios field, adding capacity for 225,000 barrels of oil per day (bpd) as it pushes toward ambitious production targets.
Mexican authorities to continue legal action against Span's Iberdrola
Mexican authorities will continue legal action against Spanish energy organisation Iberdrola over an allegedly illegal energy sale, despite the dissolution of the regulatory body that imposed the original penalty
Pemex hits seven climate targets, says CA100+
Mexican state oil company Pemex has improved its climate disclosure and emissions targets, with seven of its net-zero indicators validated in 2024, up from one in 2023, Climate Action 100+ (CA100+) reported on February 17.
Brazil’s Petrobras to study reuse of decommissioned oil and gas platforms
Brazil’s national oil company (NOC) Petrobras has signed agreements with industry groups to study the potential reuse of decommissioned oil and gas platforms, as part of its 2025-2029 business strategy.
Chinese refiners boost Brazil, West Africa oil imports amid sanctions squeeze
Chinese refiners are increasing purchases of Brazilian and West African crude oil as they navigate US sanctions on Russia and Iran and respond to Beijing's new tariffs on US oil imports.
Brazil's Lula criticises high fuel prices, urges Petrobras to sell directly to consumers
Brazilian President Luiz Inacio Lula da Silva called on national oil company (NOC) Petrobras to bypass intermediaries and sell fuel directly to consumers, amid falling approval ratings and growing pressure over rising prices.
Brazil pushes Amazon oil exploration as it joins OPEC+ forum
Brazil intensified its drive for oil expansion this week after it joined OPEC+ while pressing environmental regulators to approve controversial drilling near the Amazon River mouth.
Brazil’s OPEC+ membership sparks environmental concerns
Brazil’s announcement that it would join the crude oil producing cartel OPEC+ has highlighted growing tensions between the country's oil ambitions and environmental commitments as it prepares to host the UN climate summit later this year.
Brazil keeps biodiesel blend at 14% as diesel prices rise
Brazil will maintain the mandatory biodiesel blend in diesel at 14% until further notice, Mines and Energy Minister Alexandre Silveira announced. The decision halts the planned increase to 15% in March.
MODEC launches oil and gas training programme in Guyana
MODEC has launched its inaugural trainee programme in Guyana, selecting eight candidates from over 1,000 applicants across the country.
ExxonMobil reveals output target for Guyana's Hammerhead project
ExxonMobil and its partners have unveiled plans for their seventh development project in Guyana's prolific Stabroek Block, with the Hammerhead project expected to produce up to 180,000 barrels per day of oil and 2.69mn cm/d of natural gas.
Labour action threatens Argentine oil and gas sector
Tecpetrol to conduct gas and oil pipeline infrastructure project in Argentina
Neuquén's construction industry is poised for significant expansion with Tecpetrol's major development in the Los Toldos II area near Rincón de los Sauces.
ExxonMobil identifies fresh gas resources to accelerate Guyana's Gas-to-Energy project
ExxonMobil has announced plans to more than double its gas supply for Guyana's Gas-to-Energy project following the identification of additional associated gas resources in the Stabroek Block.
Colombia's Ecopetrol talks of balanced energy transition
Ecopetrol's Vice President of Refining, Felipe Trujillo, has articulated that Colombia's energy transition strategy involves a balanced approach, integrating both hydrocarbons and renewable energy sources.
Colombia’s Cartagena refinery resumes operations after power failure
The recent power outage at Colombia’s Cartagena refinery, which disrupted refined fuel production on February 14, has been resolved.
Armed pirates raid Pemex platforms, beat workers
Armed attackers robbed two Pemex oil platforms, Ku-H and Zaap Delta, near the Yucatan Peninsula, the Oil Workers Union Section 47 reported on social media on February 16.
Brazil set to join OPEC+ but will opt out from output cuts commitments, says minister
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Suriname oil company Staatsolie announces eight-year bond to fund offshore oil operations
Suriname's national oil company Staatsolie has announced an eight-year bond offering in both US dollars and euros, set to commence on March 23, 2025.
Trinidad and Tobago looking to unlock additional natural gas resources
Trinidad and Tobago (T&T) has unveiled significant exploration targets that could potentially unlock 58.84 trillion cubic feet of natural gas resources, offering a glimmer of hope for the nation's declining gas sector.
Mexico's Sheinbaum unveils new Pemex strategy with private sector profit sharing
Mexican President Claudia Sheinbaum announced plans for PEMEX to share profits with private sector partners whilst revealing a MXN1.85 trillion ($91bn) investment programme for 2024-2030, marking a significant shift from her predecessor's policy.
Mexico moves to cap petrol prices amid station price disparities
Mexico President Claudia Sheinbaum has begun negotiations to cap petrol prices, addressing concerns over filling stations charging up to MXN26-27/L ($1.30). The Federal Consumer Protection Agency (PROFECO) will oversee pricing practices.
Chevron boosts Venezuelan oil exports as US-Venezuela relations improve
Chevron is set to increase Venezuela's oil exports to their highest levels in seven years, following a thaw in relations between the country and the United States
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